[BTC-TC] BTC-Mining

[Namworld]

Mining returns of 31.72209573 BTC paid @ 0.01641081 BTC per share for the week of 1st July to the 7th July of 2012

Can anyone predict if the dividends will be higher than the current ones when we get the equipment? Of course we will be making more btc but 40% will not be paid as dividends. (suppose we go FPGA for the prediction)

We currently get around 3.63 mhash/s on each share, 100% being given out. If we'd buy FPGA now (with the Bitcoins being close to 7 instead of 5 as in early calculations), we would now buy about 11 mhash/1 BTC share (2200 BTC for the 25400 mhash Mini Rig) with 5.5 mhash going into dividends. A large increase of hashing per share paid out in dividends, not to count the extra part reserved for purchasing more equipment which we don't currently get.

Assuming FPGA. ASICs would get even more but it's hard to get any prediction without knowing the adoption rate of ASICs.

I'm looking for larger buyers who might want my info and have a signed version of the contract (500+ BTC shares purchases), and at the same time bypass the full market fees by transferring the shares directly.

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[Namworld]

Mining returns of 30.953787 BTC paid @ 0.0153085 BTC per share for the week of 8th July to the 14th July of 2012

[Tritonio]

I think we've got enough to buy an FPGA mini rig. Should we do a motion while the prices are high?

[Tritonio]

Anyone? It's dropping already I think. Should we get that rig now?

[Namworld]

I'm waiting for reply from BFL for current delays.

As per one of the previous motion, our funds are lended to Bitbond's issuer in exchange of hashing. They are not due back until the end of August.

By then, with the long shipping time, it might not be worthwhile to get the FPGA version then with the ASICs expected not too long afterward. There's no point in ordering one if we receive it after the ASICs are out and must wait after it then ship it back right away.

[Tritonio]

...They are not due back until the end of August...

...By then, with the long shipping time, it might not be worthwhile to get the FPGA version then with the ASICs expected not too long afterward...

Oh sorry I missed the thing about being unable to get the coins back before August. And you are right about getting the ASIC directly if the delays are comparable.

[Namworld]

Mining returns of 30.87029862 BTC paid @ 0.01526721 BTC per share for the week of 15th July to the 21th July of 2012

[Namworld]

Mining returns of 30.20946528 BTC paid @ 0.01453776 BTC per share for the week of 22th July to the 28th July of 2012

[Namworld]

Mining returns of 27.73213913 BTC paid @ 0.01212599 BTC per share for the week of 29th July to the 4th August of 2012

[Namworld]

Well, it seems we are the most funded operation on GLBSE going for ASICs that is not a fixed mhash/s bond, as far as I can see.

We are also getting much closer to be able to afford a first ASIC Mini Rig. We might get in after those who have already ordered like Gigamining and the like, but we will definitely get a better mhash/s rate per BTC than fixed bonds.

Cheers.

[Namworld]

Mining returns of 30.055269 BTC paid @ 0.0127245 BTC per share for the week of 5th August to the 11th August of 2012

[Namworld]

Mining returns of 28.88476689 BTC paid @ 0.01219281 BTC per share for the week of 12 August to 18 August of 2012

[piotr_n]

Sorry, maybe I missed the explanation, but why was the div per share 2 weeks ago lower from the one today?

[Namworld]

If I recall right, there was a larger chunk of shares sold that week for which the BTC was not yet sent to Amazingrando for the hashing loan, thus a lower div per share.

[piotr_n]

Thanks for explaining.
I was curious.

[Tritonio]

This company is NYAN.A approved by the way. We will continue buying!

What do you mean?

[Carnth]

This company is NYAN.A approved by the way. We will continue buying!

What do you mean?

NYAN.A is another GLBSE stock (or "asset") that invests in other GLBSE assets. Think of NYAN.A like a mutual fund of sorts.

Anyway, usagi was just saying that the NYAN.A administrators have purchased shares of BTC-MINING. As NYAN.A only likes to invest "in high quality mining securities, insured investment vehicles, and other extremely low risk securities" ...it was considered a compliment.

[Namworld]

Mining returns of 28.46246895 BTC paid @ 0.01201455 BTC per share for the week of 19 August to 25 August of 2012

[Namworld]

Mining returns of 25.92868131 BTC paid @ 0.01094499 BTC per share for the week of 26 August to 1 September of 2012

[Namworld]

Mining returns of 23.8506182 BTC paid @ 0.0100678 BTC per share for the week of 2 September to 8 September of 2012