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Author Topic: [CLOSED] ABM Mining Company  (Read 12849 times)
PsychoticBoy (OP)
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April 30, 2012, 07:24:15 PM
Last edit: August 21, 2013, 03:11:52 PM by PsychoticBoy
 #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
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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!
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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."
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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)
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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://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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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
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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.
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May 10, 2012, 07:15:36 PM
 #8

been kinda quiet around here Wink

DeathAndTaxes
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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 (OP)
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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
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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
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May 22, 2012, 01:15:40 AM
 #12

I invested some personal coin because your an Ecco-miner too  Grin
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May 23, 2012, 03:26:01 PM
Last edit: May 23, 2012, 05:53:01 PM by PsychoticBoy
 #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
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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?

PsychoticBoy (OP)
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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
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May 27, 2012, 08:25:09 PM
 #16

I think the IPO shares are sold out?
Congrats!!!
PsychoticBoy (OP)
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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 (OP)
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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 (OP)
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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



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PsychoticBoy (OP)
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June 10, 2012, 07:09:36 PM
Last edit: July 02, 2012, 11:18:18 AM by PsychoticBoy
 #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

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