[CLOSED] ABM Mining Company

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.6305864 BTC paid over 989 shares.
Payment a share 0.0006376 BTC.

Difficulty will change tonight to ~3.000.000

I wish you all a Merry Christmas.

Greetz

[1713922794]

1713922794

[1713922794]

1713922794

[1713922794]

1713922794

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.7106954 BTC paid over 989 shares.
Payment a share 0.0007186 BTC.


Happy New Year!

Greetz

[PsychoticBoy]

Dear Investors,

Today something tragic happend, the PSU for the BFL Single DIED.
We ordered a new 12v 10A AC adapter on eBay for 29€, this will be paid out of our own pocket.
Also the missing dividend will be paid out of our own pocket, We still have some FPGA's and GPU's running as back-up.

Hopefully the BFL Single is up and running again end of this week, but this will not have any influence, dividend will be paid as usual.
UPDATE: Recieved the PSU, The BFL is up and running again 

Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.7087905 BTC paid over 999 shares.
Payment a share 0.0007095 BTC.



Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.6632361 BTC paid over 999 shares.
Payment a share 0.0006639 BTC.



Greetz

[Carnth]

Do you have plans to buy more equipment, release more shares, go to ASICs?

[PsychoticBoy]

Do you have plans to buy more equipment, release more shares, go to ASICs?

IF I choose to upgrade ABM to ASIC ( I will not promise anything according to ASIC`s) then I will also issue more shares to cover the costs of the ASIC.
But at this point I have no intention to upgrade to ASIC.

Hopefully this informed you enough.

Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.6591402 BTC paid over 999 shares.
Payment a share 0.0006598 BTC.

Difficulty is decreasing with ~8%, difficulty will drop below 3000000 


Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.7190802 BTC paid over 999 shares.
Payment a share 0.0007198 BTC.


Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.6888105 BTC paid over 999 shares.
Payment a share 0.0006895 BTC.


Difficulty is rising, difficulty now is 3275465


Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.6494499 BTC paid over 999 shares.
Payment a share 0.0006501 BTC.



Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.6204789 BTC paid over 999 shares.
Payment a share 0.0006211 BTC.


Difficulty keeps rising, difficulty now is: 3651012



Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.5887107 BTC paid over 999 shares.
Payment a share 0.0005893 BTC.



Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.5258736 BTC paid over 999 shares.
Payment a share 0.0005264 BTC.

Difficulty now is: 4367876

Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.49190760 BTC paid over 999 shares.
Payment a share 0.0004924 BTC.

In a day or 2 difficulty is going to be 4700000+ 

Greetz

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.4451544 BTC paid over 999 shares.
Payment a share 0.0004456 BTC.

Difficulty now is: 4847647

Greetz

[Dreamweaver]

This feels like a nasty asset at this point, seeing as its literally impossible for me to sell it off..but I'm just curious, what would happen in the event of liquidation? Do I get any of my principle back?

[PsychoticBoy]

This feels like a nasty asset at this point, seeing as its literally impossible for me to sell it off..but I'm just curious, what would happen in the event of liquidation? Do I get any of my principle back?

Quote from the contract:
 In the event of liquidation the mining hardware will be sold minus expenses and the remaining funds will be paid to the shareholders.


Sincerely,
PsychoticBoy

[Dreamweaver]

Ahh i see, I didnt see that. Thanks.

[PsychoticBoy]

Dear Investors,

Weekly dividend has been paid on BitFunder.

0.4010985 BTC paid over 999 shares.
Payment a share 0.0004015 BTC.

Difficulty now is: 6695826

Greetz