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Author Topic: Diablo Mining Company  (Read 87311 times)
DiabloD3
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September 01, 2012, 09:25:03 AM
 #401

I dont remember seeing a motion passed to stop publishing basic financial information. Did I miss it?
As for the "almost 2000 BTC worth of assets", show us the numbers.

You missed it.

As for the numbers, the report is coming out later today. I misspoke, it should be about 1275 at current market panic prices.

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There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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P4man
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September 01, 2012, 09:35:59 AM
 #402

I didnt miss anything. There is no mention of withholding information:
https://glbse.com/vote/view/104

As for the 2000 1275 BTC assets. You misspoke? ROFL.  Just like you misspoke when you thought your stock price was 10x higher than it really was?

BTW,  there is nothing panic about current mining bond prices, most of them are if anything, still way overvalued. Your failure to understand that is what caused this trainwreck in the first place, it seems you still dont get it.

Looking forward to seeing the actual numbers though;  can we trust you will take market depth in to account and not pretend you can sell everything at highest ask price?

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September 01, 2012, 03:53:52 PM
 #403

The chatlog doesnt mean that today no dividend is paid does it???

One month you paid for 4066 shares. Which means that these shares should have bought for around 4066BTC once. And when i look at pyramining, which is a real and only mining-investingproject, it has a break even at 10 months. That means, when investing the money into mining only it could make a break even at 10 months.

Reading the initial share-price of DMC of 1BTC compared with the average dividend of 0.008786046 in the last 3 months, the break even with the investments you made is at only 113.81months, or 9.48years. Not impressive as a investment.

And the 10 months seems to be a good value to check how good a mining project is. With the current price of your share at 0.068BTC you arent really bad with break even for new investors. But still... the investors need to trust that it works at least for the actual shareprice. And if you want to go back to 1BTC it would need way better dividends in the future. And if you can achieve that? At least not with green energy that has a break even after years only. I mean otherwise other projects are worthier to invest for investors.

Anyway... you got at least 4066BTC Investment. Thats the highest amount of shares in a month you paid dividends for. Thats around $40.660. And that should be enough to build a nice mining rig. So what did you do exactly with the money? Did you only invest it into other miningbonds like asicminer and so on? I mean asicminer doesnt give dividend yet. Maybe they will someday. But wheres the rest of the BTC? I mean it should have been way enough money to buy good mining hardware. So i wonder why it looks to me that you only invested in other shares. And one of the shares even wont pay in months.

I doubt that you will sell any more shares for 1BTC. For that the price dropped way too low. So the only question is what will you do with the money still available. Is it all spent already into hardware or bonds that can be sold again? Or what is it? I think you only will have the chance to handle with the money that you have now because the low dividend from the start dropped the trust of shareholders too much. So whats you strategy now?

I doubt you are a scammer. You created free software for others which leads me to think of you of a good guy. Only your investment skills seems not to be the best.

 

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DiabloD3
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September 01, 2012, 07:47:53 PM
 #404

I didnt miss anything. There is no mention of withholding information:
https://glbse.com/vote/view/104

No, I didn't say withhold information, I said recycle dividends.

The information is still going to released on the original dividend cycle: not until BTCMC pays on the first. BTCMC pays once a month and happens to pay on the same day I pay.

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September 01, 2012, 07:59:48 PM
 #405

...

Rougly 2500 BTC have been invested. The assets are worth roughly half that now.

DMC is not a mining fund or a mining bond, it is a long term investment project. Individual mhash are now worth about 0.003 BTC each, where they were worth about 0.35 when I started DMC. That is a 116x drop in value. DMC has not dropped 116x in share price, it has only dropped about 15x.

Now, either you go the p4man/eskimobob route and claim either I have control over GLBSE pricing of other people's assets (which I don't, and that would be absurd), or you can accept that I'm trying to make the best of a bad situation. This is a short term problem, and this does not effect DMC's long term plans.

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September 01, 2012, 08:17:36 PM
 #406


Rougly 2500 BTC have been invested.

Yet judging by the vote count of your latest motion, you sold or swapped 9167 shares that you valued at 1BTC. What happened to the other 6667 BTC or BTC equivalents?

Quote
The assets are worth roughly half that now.

Actually, even assuming your current asset valuation is correct, which I highly doubt, you made 86% of your share holder value vanish. Those people bought shares at 1 BTC, and now you have 0.14 BTC worth of assets per share. Well done Diablo! No single mining bond did nearly that bad, and as eskimobob pointed out, even pirate debt is still worth a lot more than 15 cents on the dollar.

How on earth did you fuck this up so bad ?
Quote
DMC is not a mining fund or a mining bond, it is a long term investment project.

The contract says otherwise. Besides, you have proven to be utterly incapable of investing. Do you shareholders one favor, sell whatever you still have. Pay it out as dividend and close shop. If you must, start over again, but in 3 months, your 1274BTC assets will have halved in value again, I guarantee it.

Quote
Individual mhash are now worth about 0.003 BTC each, where they were worth about 0.35 when I started DMC.

And yet you keep investing in these turds.

"The definition of insanity is doing the same thing over and over and expecting different results. "

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September 01, 2012, 08:30:19 PM
 #407

I dont think that you have control over the price directly. I only say that the height of the dividend has an influence to the price.

I now read the asicminer thread. If you own some of them i think you should hold it until they succeed. They sound like they are legit.

But now... when you say only 2500BTC were invested... and P4man says you sold 9167 shares (i dont know where he has the info from) that means you sold shares for a lot less than the inital price. Thats not fair and would really drop the price. I wondered who today would sell for 0.035BTC... you werent this are you?

By the way... the contract at GLBSE is saying DMC is a mining company. So i wonder why its not now. I guess you wanted to invest first until you have the amount of money needed to build your center but didnt think about that your investments could bring in so few money that the dividends will lower the price per share. But i think you should have explain this instead claiming its a mining company.

BTCMC paid now.

 

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P4man
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September 01, 2012, 08:34:11 PM
 #408

and P4man says you sold 9167 shares (i dont know where he has the info from)

From here:
https://glbse.com/vote/view/104

9167 shares voted on that motion.


DiabloD3
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September 01, 2012, 08:45:59 PM
 #409

I dont think that you have control over the price directly. I only say that the height of the dividend has an influence to the price.

I now read the asicminer thread. If you own some of them i think you should hold it until they succeed. They sound like they are legit.

But now... when you say only 2500BTC were invested... and P4man says you sold 9167 shares (i dont know where he has the info from) that means you sold shares for a lot less than the inital price. Thats not fair and would really drop the price. I wondered who today would sell for 0.035BTC... you werent this are you?

By the way... the contract at GLBSE is saying DMC is a mining company. So i wonder why its not now. I guess you wanted to invest first until you have the amount of money needed to build your center but didnt think about that your investments could bring in so few money that the dividends will lower the price per share. But i think you should have explain this instead claiming its a mining company.

BTCMC paid now.

The contract does not say it is a mining company, it only structures the pay out of profits as dividends. Currently, all of our profits are from our investments in other GLBSE assets, this will not be true in the future.

As for BTCMC, lemme go write the report.

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September 01, 2012, 10:53:22 PM
 #410

Happy Dividend Day!

Shares sold to date: 20909
Dividends paid out today: 0.0 BTC
Dividends per share paid out today: 0.0 BTC
Uninvested: 0.906 BTC

Dividends paid out for all time: 80.38743369 BTC
Dividends paid out for all time per share: 0.0263581563171353 BTC

Shares held total:
40 BTC-MINING (370 mhash) = 38.80 BTC (14800 mhash)
951 BTCMC (7 mhash) = 551.58 BTC (6657 mhash)
5113 OBSI.ABMO (11 mhash) = 434.61 BTC (56243 mhash)
2080 ASICMINER (30 mhash) = 228.17 BTC (62400 mhash)

Total investments: 1253.16 BTC
Total hashing power: 140100 mhash
Approximately 6.700 mhash per share

Announcements:
"Bonds for DMC" now requires 100 mhash per share of DMC. The bond trading chart is available at http://caspar.adterrasperaspera.com/dmc/trade/

There has been a 2.3x increase of mhash per share and a 16x increase of total mhash since last month.

The motion to suspend dividend payouts for 3 months was passed. Unless another motion is passed to continue the suspension of dividends, the next dividend payment will be December 1st for the month of November.

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September 01, 2012, 11:04:56 PM
 #411

What the fuck? You tell me now i bought shares and wasted all my money to get no dividend at all which leads to letting the shareprice go down till zero so i even lose the investment?

And i see you are holding shares so at least some dividend should be possible. I calculated that the shares you hold (only 2 are giving dividends) should have brought 16.21611122 for august. That would have been a dividend of 0.005418012BTC per share if you didnt sold shares for low in the last month. Its only small dividend but at least a dividend. Or do you only want to hide that there are more shares now to pay? Because that would mean you have sold for under 0.7BTC. Maybe even under 0.07BTC. And that would mean a simple ripoff of the the first buyers because you would devalue their initial investments. I really cant understand how one can make so many bad decisions.

Man you make me angry. Thank you very much! I thought i can at least trust you to get a dividend monthly. Even though even this was a risk. But you seems to change the rules like you wish. I dont see why you stop dividends now.

Fuck your "Happy Dividend Day!"!

 

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DiabloD3
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September 01, 2012, 11:37:32 PM
 #412

What the fuck? You tell me now i bought shares and wasted all my money to get no dividend at all which leads to letting the shareprice go down till zero so i even lose the investment?

And i see you are holding shares so at least some dividend should be possible. I calculated that the shares you hold (only 2 are giving dividends) should have brought 16.21611122 for august. That would have been a dividend of 0.005418012BTC per share if you didnt sold shares for low in the last month. Its only small dividend but at least a dividend. Or do you only want to hide that there are more shares now to pay? Because that would mean you have sold for under 0.7BTC. Maybe even under 0.07BTC. And that would mean a simple ripoff of the the first buyers because you would devalue their initial investments. I really cant understand how one can make so many bad decisions.

Man you make me angry. Thank you very much! I thought i can at least trust you to get a dividend monthly. Even though even this was a risk. But you seems to change the rules like you wish. I dont see why you stop dividends now.

Fuck your "Happy Dividend Day!"!

The motion was public and half of eligible shares voted almost unanimously to suspend dividends. This was public and advertised.

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September 01, 2012, 11:50:27 PM
 #413

SebastianJu: this is what you get for "investing" in the scam exchange. Move to the right one.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
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September 02, 2012, 12:01:20 AM
 #414

SebastianJu: this is what you get for "investing" in the scam exchange. Move to the right one.

You mean the porno exchange?

SebastianJu
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September 02, 2012, 12:03:30 AM
 #415

Where? Im a investor at glbse and i did not get any info of such. So you say one has to search the net to find a thread somewhere to be informed that one wont get any dividends? Great.

In fact you claimed here that you have to wait for BTCMC to pay you. Like you need the numbers to calculate the dividend. But... you knew it before that the numbers doesnt matter.

So what happens with the money you earned in august? You will pay it out later? But even when... its money i could have invested in the meantime.

This sucks. glbse is pointless this way when such important things arent brought to investors attention and shown on the page so that potential investors could stop trying to buy them. Or do you think i would have bought when i knew this? I feel cheated.

Nice... GLBSE is dead for me. My money will be gone in some days and i dont think i will take the risk again to threw money at glbse when even after carefully checking a share out you can lose everything. Thanks!

 

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DiabloD3
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September 02, 2012, 12:06:09 AM
 #416

Where? Im a investor at glbse and i did not get any info of such. So you say one has to search the net to find a thread somewhere to be informed that one wont get any dividends? Great.

I've repeatedly asked nefario to have GLBSE email users when a motion to vote on is available, and he hasn't added it yet. The only way to find out is to go to the motions page (linked in the nav bar at the top) to see if any are open. Its kind of shitty.

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September 02, 2012, 12:11:28 AM
 #417

Hm... someone seems to have bough all offered shares up to under a price of    0.1389BTC. I guess it was you diablo? I mean who should invest right now when he sees that the dividend, coming monthly, wasnt paid this month? So you got some shares back for cheap?

Ok... good for you who sold them for 1BTC and got them back for 0.1BTC, bad for the ones that offered them for that price but good for me because i offered all my shares instantly after your 0 dividend-claim. I nearly got all my money back at least. But i have to think some days how i can invest at glbse anyway with such problems...

 

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SebastianJu
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September 02, 2012, 12:15:05 AM
 #418

Where? Im a investor at glbse and i did not get any info of such. So you say one has to search the net to find a thread somewhere to be informed that one wont get any dividends? Great.

I've repeatedly asked nefario to have GLBSE email users when a motion to vote on is available, and he hasn't added it yet. The only way to find out is to go to the motions page (linked in the nav bar at the top) to see if any are open. Its kind of shitty.

Thats something where i never look at because there wasnt anything always.

Such info should be mailed to shareholders. A mailing system is implemented. And it should be shown at the share-page of course so that potential buyers know about it. This way nefario only will lose customers i think. At least when their money is gone because they werent informed.

 

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DiabloD3
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September 02, 2012, 12:16:08 AM
 #419

You like using that bullshit hashing number, so I will focus on that.
DMC is holding, according to your claims: 140,100 mhash of power
DMC has sold or traded 20909 shares, with an ipo value of 1 BTC per
Even at todays swap of 100mhash/share (a bullshit number, but you used it, so let's go with it) DMC can only account for 140 shares worth of mhash swaps against current holdings.
Where have the bitcoins gone?


I think you've confused two things. I require approximately 100 mhash in other people's assets to trade for 1 DMC now. This does not state there is 100 mhash per share.

DiabloD3
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September 02, 2012, 12:20:30 AM
 #420

Where? Im a investor at glbse and i did not get any info of such. So you say one has to search the net to find a thread somewhere to be informed that one wont get any dividends? Great.

I've repeatedly asked nefario to have GLBSE email users when a motion to vote on is available, and he hasn't added it yet. The only way to find out is to go to the motions page (linked in the nav bar at the top) to see if any are open. Its kind of shitty.

Thats something where i never look at because there wasnt anything always.

Such info should be mailed to shareholders. A mailing system is implemented. And it should be shown at the share-page of course so that potential buyers know about it. This way nefario only will lose customers i think. At least when their money is gone because they werent informed.

Thats another problem: GLBSE does not email you when you have new GLBSE mail. Nor does GLBSE let you mail a list of people, nor does GLBSE even tell me who my shareholders are.

Right now, the only way to get up to date information about DMC is to set this thread to notify and have Bitcointalk email you on thread notify, or to sit in #bitcoin-assets on Freenode.

You and I are not the only people who wish there was a better system. If Wall Street was like GLBSE, Wall Street would have collapsed under its own weight by now.

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