LehmanSister
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Activity: 68
Merit: 10
High Desert Dweller-Where Space and Time Meet $
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June 29, 2011, 12:45:06 AM |
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I respect tawsix's right to keep the exact rig recipe secret and support his reasons for doing so. The information he has chosen to share is fine by me (price and hashing speed). I do not support (and neither should Nefario if he wants to legitimise GLBSE) secret information being made shareholder only. If shareholders don't like this they can always sell or just not buy in the first place.
I also respect his right to hold onto his style, if only to spare him micromanagement from shareholders.  He has vested interest in keeping shareholders happy as well as keeping the rigs running optimally. Given that he's only one person playing CEO, Sysadmin, and CFO, I'm more then happy to see things running at 8.0Ghps stable and him being able to sleep properly, instead of spending a lot of time pushing up to 8.1Ghps, falling asleep at the wheel and spilling coffee on a rig. But hey, that's just one shareholders opinion. |
ISO: small island nations with large native populations excited to pay tribute to flying gods, will trade BTC.
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boonies4u
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June 29, 2011, 01:18:32 AM |
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But hey, that's just one shareholders opinion.
It's not the number of shareholders that matter, it's the number of shares  |
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Tawsix (OP)
Full Member
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Activity: 210
Merit: 100
I have always been afraid of banks.
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June 29, 2011, 03:56:48 AM |
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Update: got the first of 4 computers up tonight! Next should arrive tomorrow. Tried to switch over to BTCguild.com, had the same issues as last time, so I'll be looking around for a different pool to switch to tomorrow. I'm exhausted right now, but I will be answering your posts tomorrow.
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sanchaz
Member
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Activity: 90
Merit: 10
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June 29, 2011, 09:07:57 AM |
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how about an irc channel with a password sent to all investors using a motion or something like that?
that would be a good way to communicate on a daily basis, informal but would be enough for some opinions and get some feedback.
The problem with that is there is no real way to confirm who is an investor or not. Password for the channel would be supplied through a motion. But i dont see why the channel couldnt be open to all, like that future investors would be able to clear up any doubts with Twasix ou any other current investor quickly and live. |
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REF
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June 29, 2011, 01:04:40 PM |
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Update: got the first of 4 computers up tonight! Next should arrive tomorrow. Tried to switch over to BTCguild.com, had the same issues as last time, so I'll be looking around for a different pool to switch to tomorrow. I'm exhausted right now, but I will be answering your posts tomorrow.
What problem did you have? |
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server
Legendary
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Activity: 892
Merit: 1002
1 BTC =1 BTC
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June 29, 2011, 03:39:03 PM |
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I think it would be useful to know what timezone SIN is operating.
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eturnerx
Member
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Activity: 84
Merit: 10
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June 29, 2011, 06:51:06 PM |
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SkepsiDyne is neither a legal entity by SEC standards nor is inside trading a crime in my view. Shouldn't those willing to take risks get the rewards of early access to info regarding those risks? Can government limit speech?
This is not the place to be talking about the law, but assuming the Bitcoin community loves free markets, free flowing information, and a consistent moral code, insider secrets should be regarded by non shareholders as irrelevant to their own affairs.
I only mention the law not because it applies but because this is custom that has evolved over hundreds of years of securities trading. Looking at the history of some past dodgy deals I'm quite glad of it. To answer your question: How do you choose who is "morally" entitled to inside info? What if I paid tawsix for inside info 48 hours ahead of public announcements? Wouldn't that give me quite a bit advantage? What if tawsix used his insider position to dump his shares because the building burnt down - he'd have a few hours to do so all the time claiming an internet outage or a power cut. This is not a free speech issue. This is a control on the dissemination of the speech. I'm not claiming its a government issue, I'm claiming its a moral issue. You also know that free speech has limits: lying, fraud, blackmail, "fire" in a theatre etc. have all evolved as legal limits on free speech. Insider trading is limit for similar reasons - all moral ones. This is a moral debate. As an earlier poster said too often people think they're doing some new and special here and instead are setting up a new "wild west". Stock exchanges evolved rules (eventually set into law) because it benefited their customers. I'm not saying all those systems and rules are good - except this one. Free flowing info? Yes I agree everybody should have access to it: Shareholders and non-shareholders (who want it). So if there is insider info let's publicly release it. I think I will. No insider secrets are relevant to potential shareholders. I can image we're never going to agree - so it's probably going to come down to who holds more shares: you or I. Happy voting. |
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SgtSpike
Legendary
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Activity: 1400
Merit: 1005
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June 29, 2011, 07:00:42 PM |
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I think I only have 2 shares, but how can I confirm that I received the dividends? I don't remember any strange payments to any of my addresses. Does the dividend go to my account on the stock exchange?
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boonies4u
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June 29, 2011, 07:04:48 PM |
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I think I only have 2 shares, but how can I confirm that I received the dividends? I don't remember any strange payments to any of my addresses. Does the dividend go to my account on the stock exchange?
It goes to your Stock Exchange balance. You should able to view it under one of the histories. |
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eturnerx
Member
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Activity: 84
Merit: 10
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June 29, 2011, 07:05:16 PM |
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I think I only have 2 shares, but how can I confirm that I received the dividends? I don't remember any strange payments to any of my addresses. Does the dividend go to my account on the stock exchange?
Dividends go to your GLBSE balance. Use the GLBSE client to check your balance and/or transfer it back to your Bitcoin wallet. Each dividend payout has been just over 2 bitcents per share. |
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SgtSpike
Legendary
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Activity: 1400
Merit: 1005
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June 29, 2011, 07:22:03 PM |
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Wooo, 4 bitcents!  Better than nothing I suppose...  |
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BioMike
Legendary
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Activity: 1658
Merit: 1001
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June 29, 2011, 07:25:05 PM |
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Wooo, 4 bitcents! Better than nothing I suppose... It's more than you would get for interest at a normal bank account. |
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SgtSpike
Legendary
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Activity: 1400
Merit: 1005
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June 29, 2011, 07:28:08 PM |
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Wooo, 4 bitcents! Better than nothing I suppose... It's more than you would get for interest at a normal bank account. Good point... |
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eturnerx
Member
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Activity: 84
Merit: 10
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June 29, 2011, 07:48:03 PM |
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Wooo, 4 bitcents! Better than nothing I suppose... It's more than you would get for interest at a normal bank account. I worked it out on the first dividend payout - for an earlyish investor at 0.75btc per share the first dividend payout represented around 30% annualised return. The second dividend payout brought the annualised returns around 40%. |
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tomcollins
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June 29, 2011, 08:00:33 PM |
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Wooo, 4 bitcents! Better than nothing I suppose... It's more than you would get for interest at a normal bank account. At a bank you get your deposit back. |
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clouds
Newbie
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Activity: 27
Merit: 0
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June 29, 2011, 08:07:38 PM |
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Wooo, 4 bitcents! Better than nothing I suppose... It's more than you would get for interest at a normal bank account. At a bank you get your deposit back. If you store USD in a bank account your returned deposit will have less purchasing power than your initial deposit thanks to inflation. If you get less purchasing power back from your bank, I don't think that really counts as getting your deposit back. |
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Syke
Legendary
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Activity: 3878
Merit: 1193
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June 29, 2011, 09:43:11 PM |
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Five rigs are ~$950/.90 Ghash/sec
Two rigs are ~$1050/.85 Ghash/sec
Two rigs are ~$1300/.95 Ghash/sec
There are a lot of IRL companies that keep trade secrets from their shareholders.
Yeah, no wonder he wants to call it a "trade secret". He'd catch a lot of flack for building inefficient miners. There's nothing special about those builds. There are hundreds of people on this forum that could build better systems. |
Buy & Hold
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eturnerx
Member
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Activity: 84
Merit: 10
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June 29, 2011, 10:02:45 PM |
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Five rigs are ~$950/.90 Ghash/sec
Two rigs are ~$1050/.85 Ghash/sec
Two rigs are ~$1300/.95 Ghash/sec
There are a lot of IRL companies that keep trade secrets from their shareholders.
Yeah, no wonder he wants to call it a "trade secret". He'd catch a lot of flack for building inefficient miners. There's nothing special about those builds. There are hundreds of people on this forum that could build better systems. Maybe, but how many are selling shares in there efforts? |
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boonies4u
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June 30, 2011, 12:01:28 AM |
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We've passed 200 BTC paid out on BTCMine! Let's hurry up and get out of there before it gets any higher!
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REF
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June 30, 2011, 12:55:34 AM |
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Five rigs are ~$950/.90 Ghash/sec
Two rigs are ~$1050/.85 Ghash/sec
Two rigs are ~$1300/.95 Ghash/sec
There are a lot of IRL companies that keep trade secrets from their shareholders.
Yeah, no wonder he wants to call it a "trade secret". He'd catch a lot of flack for building inefficient miners. There's nothing special about those builds. There are hundreds of people on this forum that could build better systems. thanks why id like to know what the builds are. If he told us we would be able to tell him how to make it more efficient it is. Or if he took our suggestions. a base rig is pretty much the same getting the cards is the hard part. sempron140 1000w-1200w psu (1200w isnt over kill some cards take a lot more power or he might put a dual core and 3x single core cards then 1200W would support it) 2gb usb stick 1gb RAM mobo personally i like the MSI 890FX-GD70 then rest is just cards and how cheap you can get them. |
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