SkepsiDyne Integrated Node - The Bitcoin Mining Company

[boonies4u]

Well, currently 466 shares have been sold.

Out of these, 161 are for sale for less than 1 BTC, 8 even for 70 Bitcents (meaning this investor looses 40 Bitcents).

Interestingly Tawsix got lucky and even solved a block (in the pool though...)

Currently he mined 1.55787272 BTC, meaning he "owns" one of his own shares now (only 3999 to go!!!11) and each share would get a whopping 0.00038947 satoshis as dividend!

Yep out of 4000 shares, 3600 are listed still for sale. I guess one way the cash-out-now people could profit is by having the price of the capital raising block increase in price to 1.25btc - that motion was voted against though.

4999 shares were originally put up for sale, Tawsix kept 5001 to himself.
Read the first post.

[Sukrim]

Btw. is it just me or is GLBSE down for quite some time now?!

[kseistrup]

Btw. is it just me or is GLBSE down for quite some time now?!

Didn't he announce that it would be down for a full day or so?

Cheers,

[boonies4u]

I notice that some people are really micro managing Tawsix. Early on, I asked for name and address and Tawsix didn't want to tell, which is fine. Investors shouldn't have invested if they weren't okay with that. If Tawsix wanted to scam people, he would obviously be long gone by now (under that identity at least), so why still all the mistrust?

Each time you ask Tawsix unneeded questions, you are the one loosing money if you are an investor because it takes time to read and respond and that time could be spent on creating value instead.

After the unsold share price increased to 1.00000000 a bunch of asks at .99999999 popped up (people looking for quick profit). At that point Scamming became more trouble than it was worth for Tawsix.

He would have disappeared shortly after or before that point if he was scamming.

[Sukrim]

Each time you ask Tawsix unneeded questions, you are the one loosing money if you are an investor because it takes time to read and respond and that time could be spent on creating value instead.

The by far biggest (and most needed) value currently comes from selling shares, so to create more value he would need to sell more shares.
He has NOT been selling shares for some time now, but every time he gave good news or some updates some shares were sold.
The more he communicates, the more money the company gets, the more rigs he can buy, the more value is created for shareholders etc.

I hope you get the point.

I wonder how he should be at the moment "creating value" other than doing fundraising.

[kgo]

I notice that some people are really micro managing Tawsix. Early on, I asked for name and address and Tawsix didn't want to tell, which is fine. Investors shouldn't have invested if they weren't okay with that. If Tawsix wanted to scam people, he would obviously be long gone by now (under that identity at least), so why still all the mistrust?

Each time you ask Tawsix unneeded questions, you are the one loosing money if you are an investor because it takes time to read and respond and that time could be spent on creating value instead.

How much value could he have created while he was waiting for mining rigs to show up?

I'm not in the 'he's definitely a scammer' camp, but when you ask for 3750 BTC from strangers (about $22,500 at the time he asked) maybe you can find the time to spend 15-30 minutes a day answering emails.  It was complete lack of transparency that caused me to sell off my shares when the price went to 1.  If there had been transparency, I would have bought more when the price went to 1.

Instead lack of communication presents a vibe, perhaps unintentional, that's either "Shut up, I've already got your money!" (on the positive side) or "Scammer" (on the more negative side).  And I think that translates to the fact that there are significantly more asks for SIN than all other GLBSE offerings put together, which should be a warning sign to the CEO.

[Sukrim]

I'll try to be more clear. If Tawsix has to spend an hour every day responding to useless questions, he can't spend those hours on setting up and optimizing bitcoin generation of mining rigs or on any other task that is expected to generate more income. First round of fundraising is already done.

If he can convince 5 people to buy a single share by communicating more openly, he would more than double the income from mining so far.

Until all shares are sold I think he should also set aside this one hour/day on giving updates etc.

Seriously, a miner is set up (once you plugged the hardware together) as fast as it takes to clone the linux distribution on a USB stick...

[cschmitz]

I'll try to be more clear. If Tawsix has to spend an hour every day responding to useless questions, he can't spend those hours on setting up and optimizing bitcoin generation of mining rigs or on any other task that is expected to generate more income. First round of fundraising is already done.

And people like you is why he is still posting, there is always someone on the block investing into a get rich quick "bad investment/scam".

[Tawsix]

Update: Four machines are currently up and running.  The fifth rig is not currently running due to the aforementioned DOA PSU.  The replacement part has been ordered.  The next round of rigs are scheduled to be ordered within the next few days.

[Nefario]

Dividend payment is now functional, you can now use it to pay dividends to your shareholders.

bmc.py pay ASSET AMOUNT

Asset for you should be SIN, and the amount is the total amount, it will be taken from your account split across all shares (that you don't own) and paid to the shareholders.

Any problems just pm me.

Also the web interface should be available by June 6th.

Nefario.

[boonies4u]

I am wondering where the asks for the unsold shares have gone...

[vess]

The BTC are rolling in, well, not really, but they are coming in about as expected. Tawsix, what are your dividend plans?

[Amechan]

hi,i am new here.
Hope to have loads of fun and learn also share a lot of my experiences .thanks.








__________________________
ps3 controller, wenzel tents, ps3 accessories, wii remote, ps3 games

Welcome aboard!

[Tawsix]

Update: Currently two rigs are up due to motherboard failure (we got a bad batch, only one boots consistently.)  We have ordered replacements and have started the RMA process to return the faulty boards.  In addition, we have ordered two more rigs which will bring the total number of rigs to seven.

[Sukrim]

Whats up with the no-longer-selling of shares?

[boonies4u]

Whats up with the no-longer-selling of shares?

I just checked, they are up for .75 now... He wasn't selling any at 1, so I can understand why. Though, some notice or a vote would be nice.

Maybe 1 will look more attractive when we get these 5 GPUs pumping.

[kgo]

Whats up with the no-longer-selling of shares?

I just checked, they are up for .75 now... He wasn't selling any at 1, so I can understand why. Though, some notice or a vote would be nice.

Maybe 1 will look more attractive when we get these 5 GPUs pumping.

There was supposed to be a vote today, June 1st, about a price change.  Was there one that just wasn't advertised on this thread?  Or was it just a unilateral decision because so many people are trying to cash out?

[Nefario]

There was a vote already, the vote has been open for something like a week, it closed today(or yesterday, I'm not sure) and the final result was no to the proposal to raise the price.

[kgo]

Here's what I was referring to Nefario.  I think this is the same vote you're talking about.  It says the next vote will start June 1st.  What I don't get is, if people voted no to raise the price from 1 to 1.25, why are the remaining IPO shares back to 0.75 without a vote to do so?

Update: The components for the rigs will be arriving on schedule tomorrow.  Once they arrive I will assemble them and get them up and running as quickly as possible.  Over the last few days I have been preparing for the units to arrive, so all infrastructure is already in place.

As outlined in the last vote concerning the price of unsold shares, there is another motion up which reads as follows:

Vote Start:   Wednesday May 25, 2011
Vote End:      Friday May 27, 2011
Vote Num:   000002
Vote issue:   Reissuing and repricing unsold shares

This vote is being held to determine the shareholders' opinions
on the matter of reissuing and repricing current unsold shares
from 1 BTC/share to 1.25 BTC/share.  These shares would be
offered until June 1, 2011, at which point another vote would
be taken on reissuing and repricing.  The purpose of this is
to reward early investors for their greater risks as well as
raise funds quicker once the reputation and legitimacy of the
business is solidified.

A vote in favor (yes) will support a reissuing and repricing
of unsold shares to 1.25 BTC/share.

A vote against (no) will support a continuation of current
pricing of the shares until June 1, 2011, at which point
another vote will be taken.

After the rigs are up and running, I will link to the account on the pool the miners are pointed to.

[Tawsix]

Update: all components are currently in the mail.  We're selling stock at .75 BTC / share again because the previous 1 BTC / share price was not selling.