Bitcoin Forum
December 08, 2016, 08:31:17 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: .
.
.

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: [1] 2 3 4 5 6 7 »  All
  Print  
Author Topic: [CLOSED] ABM Mining Company  (Read 11240 times)
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
April 30, 2012, 07:24:15 PM
 #1

Dear investors,

Introducing a new mining company,
https://glbse.com/asset/view/ABM
Ticker: ABM
ABM is a mining company using BFL Single(s)

A few weeks ago the IPO got launched.
Currently we`re mining with 1 BFL Single @ 830 Mh/s using ~80w.
Electricity costs are 0,24 EUR KW/h. (ECO power from Windmills)
Only electricity used by the BFL Single(`s) will be calculated.
Currently shares are sold for 0.25 BTC a share. (total shares issued: 1000) *All shares are sold*
Dividends will be paid weekly on Wednesday.



Happy trading.

EDIT:
From now on ABM is listed on https://BitFunder.com
https://bitfunder.com/asset/ABM
1481229077
Hero Member
*
Offline Offline

Posts: 1481229077

View Profile Personal Message (Offline)

Ignore
1481229077
Reply with quote  #2

1481229077
Report to moderator
1481229077
Hero Member
*
Offline Offline

Posts: 1481229077

View Profile Personal Message (Offline)

Ignore
1481229077
Reply with quote  #2

1481229077
Report to moderator
1481229077
Hero Member
*
Offline Offline

Posts: 1481229077

View Profile Personal Message (Offline)

Ignore
1481229077
Reply with quote  #2

1481229077
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
April 30, 2012, 07:31:35 PM
 #2

I hate to be "that guy", but... Another one of these?

May I ask what you offer to differentiate yourself from the rest of the mining companies on the GLBSE?

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
roomservice
Full Member
***
Offline Offline

Activity: 190



View Profile
April 30, 2012, 07:34:39 PM
 #3

I hate to be "that guy", but... Another one of these?

May I ask what you offer to differentiate yourself from the rest of the mining companies on the GLBSE?

I guess this fact: Electricity costs are 0,24 EUR KW/h.

Well, what about longterm plans? If difficulty rises and block reward is cut by 50% at the end of this year you are almost break even on power...

24 hours of mining on current difficulty
##########################

BTC earned: BTC 0.53338739
Revenue: $ 2.63
Power cost: $ 0.61
Net revenue: $ 2.02

"Tonight's the night. And it's going to happen again, and again. It has to happen. Nice night."
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
April 30, 2012, 07:37:39 PM
 #4

I am planning to grow bigger and bigger, recently ordered another BFLS.
And hoping to buy more FPGA/ASICS in the near future.
Other than that there is no difference.

(looking for a way to decrease electricity costs)
Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
April 30, 2012, 10:02:12 PM
 #5

Would you dilute shares (issue more than the 1000 currently issued) to buy more hardware? After all you seem to value your whole enterprise at less that 1000€...

Anyways, I snatched a few shares - it's not like they are expensive anyways, who knows what might happen? Smiley

Just for the record:
Make sure you have the following
* A way to measure to the kilowatt per day how much electricity your miner(s) really use (small plugging device for ~20€ at Amazon)
* Proof of how much your electricity really costs (e.g. a link to the company that provides your electricity + the rate you're currently in)
* A public spreadsheet where you note down how much you mined each day (or week), how much electricity you used etc. to be able to keep track and boast your numbers
* Pictures of the BFLS, ideally with some handwritten note...

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
May 01, 2012, 04:31:38 AM
 #6

I will only issue more shares if I have the hardware to back it up.

Thanks for investing in ABM Smiley

I will buy such measure device first thing in the morning, let`s see if it really uses 80w.

The link to my electricity company is: http://thuis.eneco.nl/groene-energie/energieprijzen/stroomprijzen/  I am currently using Windstroom Variabel, prices are incl. taxes excl. fixed charge.

I have to look up on where/how to make a public spreadsheet, i am new at that  Huh

Pictures of the BFLS will be uploaded soon.



Greetz




stochastic
Hero Member
*****
Offline Offline

Activity: 532


View Profile
May 01, 2012, 04:33:03 AM
 #7



I have to look up on where/how to make a public spreadsheet, i am new at that  Huh



docs.google.com

Introducing constraints to the economy only serves to limit what can be economical.
juggalodarkclow
Legendary
*
Offline Offline

Activity: 980



View Profile
May 10, 2012, 07:15:36 PM
 #8

been kinda quiet around here Wink

DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
May 10, 2012, 07:43:06 PM
 #9

Quote
Electricity costs are 0,24 EUR KW/h.

Is that a typo? As in $0.31 per kWh?  Has a higher electrical cost per MH than a GPU farm and double the capital cost. 

Hmm
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
May 11, 2012, 05:44:16 PM
 #10

No typo, electricity here in The Netherlands is very expensive.
In earlier posts i included the link to my electricity company.



Greetz
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
May 16, 2012, 12:06:55 PM
 #11

Dear Investors,

We (ABM) have decided to pay the weekly dividends on Wednesday instead of Thursday.



Greetz
RandomQ
Hero Member
*****
Offline Offline

Activity: 616



View Profile
May 22, 2012, 01:15:40 AM
 #12

I invested some personal coin because your an Ecco-miner too  Grin

Bitcoin To Cash LLC Receive cash in the mail for Bitcoin!
[CryptoStocks] GREEN - GreenBTC - Mining Company on CryptoStocks
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
May 23, 2012, 03:26:01 PM
 #13

Weekly dividends paid!

2.25739152 BTC paid over 912 shares.
Payment a share 0.00247521 BTC.

Next week, difficulty will be a lot lower so the dividends will be higher  Cheesy



Greetz
RandomQ
Hero Member
*****
Offline Offline

Activity: 616



View Profile
May 24, 2012, 06:37:32 AM
 #14

"Shares do not represent an ownership share in the mining hardware and in the event of liquidation"
From your contract
In the event of liquidation will the share holders get any value?


Bitcoin To Cash LLC Receive cash in the mail for Bitcoin!
[CryptoStocks] GREEN - GreenBTC - Mining Company on CryptoStocks
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
May 24, 2012, 01:23:35 PM
 #15

In the event of liquidation all share holders will get a final dividend.
This will include:
- last time mining revenue payment
- a share in the mining hardware sales income



Greetz
RandomQ
Hero Member
*****
Offline Offline

Activity: 616



View Profile
May 27, 2012, 08:25:09 PM
 #16

I think the IPO shares are sold out?
Congrats!!!

Bitcoin To Cash LLC Receive cash in the mail for Bitcoin!
[CryptoStocks] GREEN - GreenBTC - Mining Company on CryptoStocks
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
May 27, 2012, 08:49:19 PM
 #17

Thanks  Cheesy
Yes, we are all sold out!

Currently 1000 shares have been issued.
Until new hardware arrives, no new shares will be issued.



Greetz
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
May 30, 2012, 03:35:09 PM
 #18

Weekly dividends paid!

2.6925 BTC paid over 1000 shares.
Payment a share 0.0026925 BTC.


Greetz
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
June 06, 2012, 01:34:53 PM
 #19

Weekly dividends paid!

2.7162 BTC paid over 1000 shares.
Payment a share 0.0027162.

Difficulty next week will be around 1586626, so more profit next week  Grin



Greetz
PsychoticBoy
Donator
Legendary
*
Online Online

Activity: 1456


Parental Advisory Explicit Content


View Profile
June 10, 2012, 07:09:36 PM
 #20

Dear investors,

ABM is happy to announce they are now being insured by CPA  Grin
https://bitcointalk.org/index.php?topic=85444.0

The contract is valid from 1 July 2012 till (at least) 30 June 2013.
 CPA will insure the hash rate of ABM’s ‘BFL SINGLE’ (“the single”)
 ± 5% (i.e. normal operation) and provide an extended warranty for
 the single.
 
In "Big lines" this means they will compensate dividend in case of poweroutage, loss of internet connection etc.

And refund the BFL if it breaks down or/and can not be repaired.

We will still be backed up by our GPU`s and FPGA`s.
It`s an extra insurrance.



Greetz

Pages: [1] 2 3 4 5 6 7 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!