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Author Topic: Diablo Mining Company  (Read 87203 times)
DiabloD3
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May 09, 2013, 02:45:22 AM
 #981

Just to clarify,  there is some type of restriction imposed by yochdog on share transfers of BTCMC ?   Is there some reason why these holdings cannot be distributed proportionately along with the AM shares?

Yes, he will allow me to sell them, but only to a single owner. Its not like friedcat whos happy to handle it however it needs to be.

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teek
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May 09, 2013, 07:47:26 PM
 #982

Here is a proposition for all shareholders.  As long as it gets the nod from Diablo and Yochdog.

I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.

It appears there are 7174 DMC shares left outstanding..  so I vote yes representing 25.66%.  Anyone else?

This offer is non-binding and contingent on my due diligence of BTCMC.

teek

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May 09, 2013, 11:24:40 PM
 #983

Here is a proposition for all shareholders.  As long as it gets the nod from Diablo and Yochdog.

I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.

It appears there are 7174 DMC shares left outstanding..  so I vote yes representing 25.66%.  Anyone else?

This offer is non-binding and contingent on my due diligence of BTCMC.

teek


0.5915 implied BTCMC value
x 1000 = 591.5

1841/11= 168 shares of AM
168 x 1.42 = 238

You wish to trade BTC238 worth of AM for BTC592 worth of BTCMC?  No thanks, I vote to politely decline your offer.

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
teek
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May 09, 2013, 11:40:14 PM
 #984

Here is a proposition for all shareholders.  As long as it gets the nod from Diablo and Yochdog.

I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.

It appears there are 7174 DMC shares left outstanding..  so I vote yes representing 25.66%.  Anyone else?

This offer is non-binding and contingent on my due diligence of BTCMC.

teek


0.5915 implied BTCMC value
x 1000 = 591.5

1841/11= 168 shares of AM
168 x 1.42 = 238

You wish to trade BTC238 worth of AM for BTC592 worth of BTCMC?  No thanks, I vote to politely decline your offer.


Hey no problem of course that is your choice to vote how you want,  trying to put some options out there because at present it looks like no one has come up with a solution.   I doubt very much if they went up for auction today that DMC would recover the 238 BTC that my offer implies..   Can you point me in the direction of where you get the 592 implied value for BTCMC i am very curious..     

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May 10, 2013, 01:41:24 AM
 #985

Can you point me in the direction of where you get the 592 implied value for BTCMC i am very curious..     

I'd like to use the same plan we've been using for BTCMC thus far: wait and then wait more.  Until BFL.  Because soon.

BTCMC is isn't trading, but a value of BTC0.5915 per share can be inferred from the premium DMC trades for over 1/11 AM:
0.1745 * 11 = 1.9195
1.9195 - 1.328 = BTC0.5915 implied BTCMC value.

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
DiabloD3
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May 10, 2013, 02:06:50 AM
 #986

Here is a proposition for all shareholders.  As long as it gets the nod from Diablo and Yochdog.

I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.

It appears there are 7174 DMC shares left outstanding..  so I vote yes representing 25.66%.  Anyone else?

This offer is non-binding and contingent on my due diligence of BTCMC.

teek


The math is closer to 4500 shares of DMC according to the valuation that the BTCMC is worth something crowd is using. Get ahold of that many, and I'd trade.

DiabloD3
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May 19, 2013, 01:31:32 AM
 #987

Paid out another dividend, 24.66748009 for 0.00343845 per share over 7174 shares.

SOSLOVE868
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May 19, 2013, 09:28:13 PM
 #988

Paid out another dividend, 24.66748009 for 0.00343845 per share over 7174 shares.
DIVIDEND RECEIVED THANK YOU !
DiabloD3
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May 24, 2013, 05:22:24 PM
 #989

Dividend: 14.19315684 BTC for 7174 shares

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May 24, 2013, 05:27:43 PM
 #990

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley
DiabloD3
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May 24, 2013, 05:35:58 PM
 #991

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.

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May 24, 2013, 06:01:43 PM
 #992

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??
DiabloD3
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May 24, 2013, 06:50:39 PM
 #993

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.

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May 24, 2013, 07:01:24 PM
 #994

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?
DiabloD3
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May 24, 2013, 07:10:08 PM
 #995

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?

If someone could gather 2500 DMC, it would be an equivalent price while AM continues to hover around 2.5 BTC.

What someone should do is just start a BTCMC passthrough and buy the shares from me to do it with.

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May 24, 2013, 07:35:13 PM
 #996

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?

If someone could gather 2500 DMC, it would be an equivalent price while AM continues to hover around 2.5 BTC.

What someone should do is just start a BTCMC passthrough and buy the shares from me to do it with.

I have no ideal about the BTCMC...because they are not trade in any platform...... Is BTCMC a mining company? if it is , why they did not pay dividend???
DiabloD3
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May 24, 2013, 08:09:34 PM
 #997

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?

If someone could gather 2500 DMC, it would be an equivalent price while AM continues to hover around 2.5 BTC.

What someone should do is just start a BTCMC passthrough and buy the shares from me to do it with.

I have no ideal about the BTCMC...because they are not trade in any platform...... Is BTCMC a mining company? if it is , why they did not pay dividend???

BTCMC was traded on GLBSE before GLBSE crashed. Yes, BTCMC is a mining company. No dividends are being paid as per shareholder vote.

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May 24, 2013, 08:16:27 PM
 #998

Dividend: 14.19315684 BTC for 7174 shares
NICE ...We had full dividend from AM.... Smiley

Yes, this month I'm paying full dividends since we've gotten over 2500 shares back due to AM trades, I don't need to buy any DMC shares back. Half dividends will continue next month.
Ok, So how long would you prepare for buy back all DMC shares??? Did you post a auction to sell the BTCMC so far??

I've set aside a year to deal with the share buyback so DMC can go private and reboot.

I haven't decided if I'm going to do an auction. I mean, if someone said they wanted to drop 550 BTC on it, I'd sell it without even going the route of an auction.
I remember someone hold 1791 shares of DMC willing to exchang for it ...accroding to the current trading price of AM , that 1791 equal to 162 AM and *2.6 = 421 BTC...it look like nearly worth to exchange to him...what you think?

If someone could gather 2500 DMC, it would be an equivalent price while AM continues to hover around 2.5 BTC.

What someone should do is just start a BTCMC passthrough and buy the shares from me to do it with.

I have no ideal about the BTCMC...because they are not trade in any platform...... Is BTCMC a mining company? if it is , why they did not pay dividend???

BTCMC was traded on GLBSE before GLBSE crashed. Yes, BTCMC is a mining company. No dividends are being paid as per shareholder vote.

WHY WHY WHY? SO did they actually mining?Huh did they actually existing now?Huh?
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May 25, 2013, 09:10:07 AM
 #999

WHY WHY WHY? SO did they actually mining?Huh did they actually existing now?Huh?
In contrast to DMC they are actually mining, but the operator being the major shareholder decided to stop divs to have funds available for future ASIC upgrades.

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DiabloD3
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May 25, 2013, 11:15:56 AM
 #1000

WHY WHY WHY? SO did they actually mining?Huh did they actually existing now?Huh?
In contrast to DMC they are actually mining, but the operator being the major shareholder decided to stop divs to have funds available for future ASIC upgrades.

This, basically. BTCMC is one of the companies we contracted with to fulfill the mining part of the DMC plan until we could get our own gear up in running in the datacenter. Yochdog, the owner of BTCMC and majority shareholder, suspended dividends for ASIC purchasing.

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