Diablo Mining Company

[Gomeler]

I look forward to seeing how this progresses. Seeing how you are going to IPO for a little over 3x the sum of the 3 largest mining companies on GLBSE, it'll be interesting to see how the market absorbs this potential investment.

I'm curious, what is your plan while selling all 200,000 shares? I ask as 1 BFL Mini Rig + enough solar panels to run it is around $22k that that doesn't include the land needed for the panels and a roof over the Mini Rig's head. So, how will you be proceeding? Gradual rollout or wait for all 200,000 shares to sell?

Probably not all 200k shares, but at least enough of them to do something with.

Do you have a specific plan or are you rolling it as you go? It helps to lure investors when you have an actual plan with return numbers besides the "if all 200k shares sell now" plan.

[1713558615]

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[DiabloD3]

I look forward to seeing how this progresses. Seeing how you are going to IPO for a little over 3x the sum of the 3 largest mining companies on GLBSE, it'll be interesting to see how the market absorbs this potential investment.

I'm curious, what is your plan while selling all 200,000 shares? I ask as 1 BFL Mini Rig + enough solar panels to run it is around $22k that that doesn't include the land needed for the panels and a roof over the Mini Rig's head. So, how will you be proceeding? Gradual rollout or wait for all 200,000 shares to sell?

Probably not all 200k shares, but at least enough of them to do something with.

Do you have a specific plan or are you rolling it as you go? It helps to lure investors when you have an actual plan with return numbers besides the "if all 200k shares sell now" plan.

I'm not sure what you mean. The plan I think you're referring is in the op post.

[Garr255]

What happens here is going to be very interesting. I'll be picking up a few shares just to be a part of it

[Gomeler]

I look forward to seeing how this progresses. Seeing how you are going to IPO for a little over 3x the sum of the 3 largest mining companies on GLBSE, it'll be interesting to see how the market absorbs this potential investment.

I'm curious, what is your plan while selling all 200,000 shares? I ask as 1 BFL Mini Rig + enough solar panels to run it is around $22k that that doesn't include the land needed for the panels and a roof over the Mini Rig's head. So, how will you be proceeding? Gradual rollout or wait for all 200,000 shares to sell?

Probably not all 200k shares, but at least enough of them to do something with.

Do you have a specific plan or are you rolling it as you go? It helps to lure investors when you have an actual plan with return numbers besides the "if all 200k shares sell now" plan.

I'm not sure what you mean. The plan I think you're referring is in the op post.

The plan in the first post is if you had 200k BTC right now. Let's be realistic.. you aren't going to have 20k BTC by the end of summer without some way to begin paying dividends to investors. Your competition is already setup and aggressively expanding. What is your plan in the interim? Or is there none?

That is what I've been asking. Do you plan on rolling out hardware based around some sort of unit? Where does that hardware live? If you find these to be tough questions after having sorted out your long term plan then take your time to figure them out. I'm quite interested in other mining endeavors than the three 800lb gorillas sitting at the top of GLBSE.

[DiabloD3]

https://glbse.com/asset/view/DMC

My new favorite URL on the Internet.

[BinaryMage]

https://glbse.com/asset/view/DMC

My new favorite URL on the Internet.

"A share in the best mining company ever"

Well, you're certainly not mincing words.

[DiabloD3]

I look forward to seeing how this progresses. Seeing how you are going to IPO for a little over 3x the sum of the 3 largest mining companies on GLBSE, it'll be interesting to see how the market absorbs this potential investment.

I'm curious, what is your plan while selling all 200,000 shares? I ask as 1 BFL Mini Rig + enough solar panels to run it is around $22k that that doesn't include the land needed for the panels and a roof over the Mini Rig's head. So, how will you be proceeding? Gradual rollout or wait for all 200,000 shares to sell?

Probably not all 200k shares, but at least enough of them to do something with.

Do you have a specific plan or are you rolling it as you go? It helps to lure investors when you have an actual plan with return numbers besides the "if all 200k shares sell now" plan.

I'm not sure what you mean. The plan I think you're referring is in the op post.

The plan in the first post is if you had 200k BTC right now. Let's be realistic.. you aren't going to have 20k BTC by the end of summer without some way to begin paying dividends to investors. Your competition is already setup and aggressively expanding. What is your plan in the interim? Or is there none?

That is what I've been asking. Do you plan on rolling out hardware based around some sort of unit? Where does that hardware live? If you find these to be tough questions after having sorted out your long term plan then take your time to figure them out. I'm quite interested in other mining endeavors than the three 800lb gorillas sitting at the top of GLBSE.

I'm not going to speculate on that. We'll see where we are a week after the 3 day waiting period on GLBSE is up. Plans never survive contact with the enemy, but its a little early to start with the doom and gloom talk.

[Chefnet]

change zetx please to lower price if you compare it with the rig box you can purchase 25+ price ztex = 719€ * 1,3 = 934$ + shipping = under 1000$ for US citizens.
So profit after 60 month is 285$

and don't forget the warrenty. and if you want to invest about half a million. ask ztex for licence production for own use so it is possible to get much better prices for you :-)

just a new calculation if you produce your own zetx in licence with a possible priceper quad 650$ (the same like the uk said for self costs price):

25GH/s = 29.4 quads = 30 quads = 25.5 GH/s (30 x 850MH/s) = 30*650$ = 19500$ as compare for the 15295$ (+ vat, ...) for the bfl.
electricy is 30 * 38W = 1140W + a computer or what you ever need we just calculate with 1250W like the bfl.

If we said you produce 500 quad fpga's: 500* 650$ = 325000$ and 20.83 KW/h (= 500 KW per day with your electricy it is about 52$) for an easy calculation we say 2 quads (1.7 GH/s) are 1 BTC per Day (dif increase if you have so much hasing power) so there are 250 BTC a day = 250 * 5$ = 1250$ - 52$ power consumption (okay let it take easy again) 1200$ per day profit. = 1200$ * 30 = 36000$ a month.

So calculated complet: 325000$ invest for 1200$ profit a day are 210 days for roi or about 9 months (okay we do not calculate the half block, but it is possible to get the roi in 1 year).

So what you say for this?

[xkrikl]

This project is going to be interesting ... but 200kBTC is probably too much ...
I see BTC-Mining trying to get only 10kBTC and because everyone waits with investment to not leave the money idle ... it doesn't sell a lot ... neither after the temporary dividend "subsidy" ...
I guess you are going to have difficult time to lure in the early investors

[Sukrim]

Okay, I ended the IPO amount poll 10 hours early.

25k BTC    - 48 (35.8%)
50k BTC    - 23 (17.2%)
100k BTC    - 31 (23.1%)
250k BTC    - 11 (8.2%)
500k BTC    - 4 (3%)
1m BTC    - 17 (12.7%)

Average comes out to 203k. I guess 200k isn't so bad. The ride is going to be much rougher, though.

So you decided to go with an option that is too high for ~3/4 of the voters in the poll... interesting! Why not put in a "100m BTC" option too, so your average goes up to the 1 million that you initially wanted?

Also: Why 100000 shares with 1 BTC and not 1 million shares with 0.1 BTC each or even 10m for 1 Bitcent? Would surely help to get more liquidity, as it's easier to (re)invest from dividends you get on GLBSE. Now you could still change it before the IPO - afterwards, I'm surely not going to invest a handful of Bitcoins in this. A few Bitcents just for the fun of it or to "use up" my dividend-bitdust however...

[Chefnet]

update my small post :-)

[DiabloD3]

change zetx please to lower price if you compare it with the rig box you can purchase 25+ price ztex = 719€ * 1,3 = 934$ + shipping = under 1000$ for US citizens.
So profit after 60 month is 285$

and don't forget the warrenty. and if you want to invest about half a million. ask ztex for licence production for own use so it is possible to get much better prices for you :-)

just a new calculation if you produce your own zetx in licence with a possible priceper quad 650$ (the same like the uk said for self costs price):

25GH/s = 29.4 quads = 30 quads = 25.5 GH/s (30 x 850MH/s) = 30*650$ = 19500$ as compare for the 15295$ (+ vat, ...) for the bfl.
electricy is 30 * 38W = 1140W + a computer or what you ever need we just calculate with 1250W like the bfl.

If we said you produce 500 quad fpga's: 500* 650$ = 325000$ and 20.83 KW/h (= 500 KW per day with your electricy it is about 52$) for an easy calculation we say 2 quads (1.7 GH/s) are 1 BTC per Day (dif increase if you have so much hasing power) so there are 250 BTC a day = 250 * 5$ = 1250$ - 52$ power consumption (okay let it take easy again) 1200$ per day profit. = 1200$ * 30 = 36000$ a month.

So calculated complet: 325000$ invest for 1200$ profit a day are 210 days for roi or about 9 months (okay we do not calculate the half block, but it is possible to get the roi in 1 year).

So what you say for this?

Those numbers were done specifically with no bulk ordering discounts, I originally did that math for a different thread that was comparing it for small time miners. So, hey, lets do the math using that calculator, so the comparison continues to make sense, and lets compare the best bulk deal they have listed vs what we'd need:

ZTEX 1.15y in 50 bulk is 850 mhash @ 38 watts for $950, 0.89 mh/$, 22.36 mh/w
1.15y in 50 bulk's peak profit is at 57 months at $143.39, or a 15% profit.

Now, lets say ZTEX would offer me even better bulk prices than that because I'd be buying quite a few:
ZTEX 1.15y DMC Edition is 850 mhash @ 38 watts for $516, 1.64 mh/$, 22.36 mh/w
1.15y DMC edition's peak profit is at 57 months at $766.93, or a 148% profit.

Similarly, that new Enterpoint Cairnsmore1 would have to be sold in the low $500s for it to compete with BFL.

[rjk]

Now, lets say ZTEX would offer me even better bulk prices than that because I'd be buying quite a few:
ZTEX 1.15y DMC Edition is 850 mhash @ 38 watts for $516, 1.64 mh/w, 22.36 mh/w
1.15y DMC edition's peak profit is at 57 months at $766.93, or a 148% profit.

You'd have to discuss the cost of a licensed run with Ztex, but it might be possible to get it down a lot in cost that way, since you can source your own parts from your own vendors and have it built wherever you want. I know the user "antirack" has done a licensed run, but I'm not sure what kind of cost was involved. I believe he is somewhere in Asia, perhaps China.

The only problem is that you would need a lot of upfront capital to get started, and would have to know where to get parts and get them assembled.

[DiabloD3]

Now, lets say ZTEX would offer me even better bulk prices than that because I'd be buying quite a few:
ZTEX 1.15y DMC Edition is 850 mhash @ 38 watts for $516, 1.64 mh/$, 22.36 mh/w
1.15y DMC edition's peak profit is at 57 months at $766.93, or a 148% profit.

You'd have to discuss the cost of a licensed run with Ztex, but it might be possible to get it down a lot in cost that way, since you can source your own parts from your own vendors and have it built wherever you want. I know the user "antirack" has done a licensed run, but I'm not sure what kind of cost was involved. I believe he is somewhere in Asia, perhaps China.

The only problem is that you would need a lot of upfront capital to get started, and would have to know where to get parts and get them assembled.

Yeah, thats the thing. Doing that is rather expensive and time consuming, and I'd actually rather just pay Ztex their profit margin to get their expertise on getting this done.

I would be much happier if I could source these parts from multiple sources, such as half BFL half somebody else. But Ztex would have to make me one hell of a good deal for me to consider them.

Plus, BTW, none of these numbers include upcoming 28nm FPGAs and theres at least 3 companies working on that. If someone can get me 28nm FPGAs at 1.64 mh/$ or better, they will suddenly find themselves on my list.

[ElectricBrain]

If you're looking to make you own boards, I have a contact in hardware manufacturing. He uses Honduras as opposed to Asia. Best morals vs. price in exploiting 3rd worlders.

If someone can list out the components, and process, I could maybe get an estimate? I don't know enough about hardware to ask the right questions.

[DiabloD3]

Just as a reminder, you can pre-bid on GLBSE shares before the IPO opens. Someone seems to already has a share with his name on it.

[fizzisist]

I just ran these numbers in another thread, this proves why I need to focus on green energy production:

Using the calculator at http://bitcoinx.com/profit/index.php using 1.5m diff, $5.00 BTC prices, $0.103 per KWH

BFL MiniRig is 25200 mhash @ 1250 watts for $15,295, 1.64 mh/$, 20.16 mh/w
Enterpoint Cairnsmore1 is 800 mhash @ 40 watts for $640, 1.25 mh/$, 20 mh/w
BFL single is 832 mhash @ 80 watts for $600, 1.38 mh/$, 10.40 mh/w
Lancelot is 500 mhash @ 25 watts for $500, 1 mh/$, 20 mh/w
BTCFPGA ModMiner is 800 mhash @ 40 watts for $1070, 0.74 mh/$, 20 mh/w
ZTEX 1.15y is 850 mhash @ 38 watts for $1359, 0.62 mh/$, 22.36 mh/w
FPGA Mining X6500 rev3 is 400 mhash @ 17.20 watts for $580, 0.68 mh/$, 23.25 mh/w
GPU mining is 2700 mhash @ 1050 watts @ $2600 for mobo, cpu, mem, psu, 4x 7970s, 1.03 mh/$, 2.57 mh/w

BFL MiniRig's peak profit is at 57 months at $22222.48, 145% return
Cairnsmore1 peak profit is at 57 months at $544.26, 84% return
BFL single's peak profit is at 47 months at $490.04, 82% return
Lancelot's peak profit is 57 months at $243.54, 48% return
Modminer's peak profit is at 57 months at $119.61, 11% return
X6500's peak profit is at 60 months at $25.78, 4% return
1.15y's peak profit is at 60 months at -$75.37, 5% loss
GPU mining's peak profit is at 24 months at -$917.51, 35% loss

Interesting calculations here, but I don't think I understand how you came about all of it. What exactly do you mean by "peak profit," and how is that calculated? Apparently you are making some predictions about profitability, but I'm not sure exactly what those are.

[DiabloD3]

I just ran these numbers in another thread, this proves why I need to focus on green energy production:

Using the calculator at http://bitcoinx.com/profit/index.php using 1.5m diff, $5.00 BTC prices, $0.103 per KWH

BFL MiniRig is 25200 mhash @ 1250 watts for $15,295, 1.64 mh/$, 20.16 mh/w
Enterpoint Cairnsmore1 is 800 mhash @ 40 watts for $640, 1.25 mh/$, 20 mh/w
BFL single is 832 mhash @ 80 watts for $600, 1.38 mh/$, 10.40 mh/w
Lancelot is 500 mhash @ 25 watts for $500, 1 mh/$, 20 mh/w
BTCFPGA ModMiner is 800 mhash @ 40 watts for $1070, 0.74 mh/$, 20 mh/w
ZTEX 1.15y is 850 mhash @ 38 watts for $1359, 0.62 mh/$, 22.36 mh/w
FPGA Mining X6500 rev3 is 400 mhash @ 17.20 watts for $580, 0.68 mh/$, 23.25 mh/w
GPU mining is 2700 mhash @ 1050 watts @ $2600 for mobo, cpu, mem, psu, 4x 7970s, 1.03 mh/$, 2.57 mh/w

BFL MiniRig's peak profit is at 57 months at $22222.48, 145% return
Cairnsmore1 peak profit is at 57 months at $544.26, 84% return
BFL single's peak profit is at 47 months at $490.04, 82% return
Lancelot's peak profit is 57 months at $243.54, 48% return
Modminer's peak profit is at 57 months at $119.61, 11% return
X6500's peak profit is at 60 months at $25.78, 4% return
1.15y's peak profit is at 60 months at -$75.37, 5% loss
GPU mining's peak profit is at 24 months at -$917.51, 35% loss

Interesting calculations here, but I don't think I understand how you came about all of it. What exactly do you mean by "peak profit," and how is that calculated? Apparently you are making some predictions about profitability, but I'm not sure exactly what those are.

You just type the numbers into the calculator. The only thing manual is peak profit, where you keep adding months to the calculator until the "Net profit first time frame" field starts going down instead of up (this is where diff+electricity prices cross from profitable into unprofitable).

Those numbers don't completely apply to DMC because if we pay nothing for power prices, there is no peak profit, it just slows down over long periods of time.

[DiabloD3]

The day everyone has been waiting for is here: You can now buy shares of DMC!

https://glbse.com/asset/view/DMC

Hurry up before they're all gone!

[Bitinvestor]

The day everyone has been waiting for is here: You can now buy shares of DMC!

https://glbse.com/asset/view/DMC

Hurry up before they're all gone!

5 sold already! Only 199995 to go.