BioMike
Legendary
 Offline
Activity: 1658
Merit: 1001
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August 11, 2011, 05:29:39 AM |
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Electric bill is down by about $110 since last dividends. How come such big difference? (Not that I mind it, just wondering).
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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boonies4u
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August 11, 2011, 08:56:20 PM |
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Electric bill is down by about $110 since last dividends. How come such big difference? (Not that I mind it, just wondering).
Troll Science?  |
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server
Legendary
Offline
Activity: 892
Merit: 1002
1 BTC =1 BTC
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August 11, 2011, 10:30:29 PM |
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Tawsix, why are we down to 8136.48 Mhash/s again ? Why is this not 10-13 Ghash/s ?
Or do you still have hardware (or other) troubles ?
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Ten98
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August 12, 2011, 12:06:18 PM |
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Just bought a bunch of shares, this seems like it is going places.
A few questions though....
Do you own the house / apartment / whatever where your rigs are kept?
Are you running out of space for your rigs?
What will you do if you sell all of your shares, any plans to raise more capital and expand further, or will you focus on simply generating BTC with the rigs you already have?
Have you considered spending some of the money raised on Solar panels or a windmill to help with the energy costs?
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NetTecture
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August 12, 2011, 12:54:04 PM |
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Well, solar panels wont be economical, you know. As in: better spend more on rigs than on low return solar panels.
The situation does not look expansionist at the moment - SIN is quit stuck with sub-standard mining rate for some time. I offered a larger investmetn (the scale that would double their gigahash) and was told they can not take it at the moment.
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Ten98
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August 12, 2011, 01:43:07 PM |
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Weird that investment would be turned down.
Did u offer to buy shares at the market rate through GLBSE, and agree to the same terms as any other investor?
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NetTecture
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August 12, 2011, 02:18:00 PM |
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Weird that investment would be turned down.
Did u offer to buy shares at the market rate through GLBSE, and agree to the same terms as any other investor?
Yes. Basically I am considering alterantives after my own data cetner project went bollocks - too many people trying to squeeze me at the same time realizing they could up the price. I inquired about a 1000 btc investment - did not want to get stuck just buying shares, and then any glbse operation is at least a little shady per definition, as everyone so far dodges the legal requirements of his home country... like I am sure SIN is not a registered business. Even if, there are regulations for share companies that are not followed. Thought i contact them and try to get a little more info out - got a "not before mid of september". Still interested  |
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SgtSpike
Legendary
Offline
Activity: 1400
Merit: 1005
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August 12, 2011, 04:41:57 PM |
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This "company" is a joke. Tawsix isn't managing the mining rigs. They are going unattended for days on end, losing hashing power and investor money. Dividends are always late. He keeps making promises that he never keeps.
I'm sorry if he's had personal problems, but you know what? He's got a responsibility to the shareholders here. He can't just put that on hold.
Tawsix, find someone else to manage the company and rigs if you can't do it yourself.
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server
Legendary
Offline
Activity: 892
Merit: 1002
1 BTC =1 BTC
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August 12, 2011, 06:02:42 PM |
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This "company" is a joke. Tawsix isn't managing the mining rigs. They are going unattended for days on end, losing hashing power and investor money. Dividends are always late. He keeps making promises that he never keeps.
I'm sorry if he's had personal problems, but you know what? He's got a responsibility to the shareholders here. He can't just put that on hold.
Tawsix, find someone else to manage the company and rigs if you can't do it yourself.
+1  Why no e-powerswitch for remote reboots ? You can automaticly reboot servers that not respond. |
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NetTecture
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August 13, 2011, 04:42:07 AM |
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Gratulations. You proove the ignorance of the masses.
it is quite obviousBTC have value - look at all the exchanges. Case prooven. It is quite clclear SIN oeprates with rel money. It is buying equipment and paying electrical bills to operate them. Point prooven. It is quite obvious he is running a business - pretending to be a share ompany and selling shares on an unregulated exchange to pay revenue. Point prooven.
You dont need to use money. For many many years for example MINING operations take CREDITS in GOLD - with the itnerest also paid in gold, from the mining proceeds. THis is legally totally tested ground.
EVERY company on GLBSE istrying to operate outsie the law.
now, here comes the real world: Noone cares whether or not YOU Are only interested in being protected by the state when you pay taxes there. Something goes wrong, someone sues, the state wont care about your arrogant snotty attitude. Any investor can sue on his local court possibly, and definitely in the court of residence of the SIN operator. Dont like that - well, as long as you are the judge in question that is as irrelevant as most american opinions are for the rest of the world. The court will take your not caring ass and make you pay.
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server
Legendary
Offline
Activity: 892
Merit: 1002
1 BTC =1 BTC
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August 13, 2011, 10:41:17 AM |
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 wtf? |
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Nefario
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August 13, 2011, 11:08:21 AM |
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Switched pools?
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com |
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boonies4u
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August 13, 2011, 04:52:17 PM |
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wtf?  Well, it went back up, so i doubt he stopped pointing them at the pool to run away. |
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server
Legendary
Offline
Activity: 892
Merit: 1002
1 BTC =1 BTC
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August 14, 2011, 10:15:16 PM |
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Yeah you are right and mr. Wright too... I guess I'm allergic to the tone of voice he is using.
Sorry. Maybe you smell my dad. He's a mailman. huk huk  BAAARFFF.. SNeeeze, nope, it's you. Maybe you were a cat in your previous life. But let's  in pm... [ONTOPIC PLEASE] |
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boonies4u
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August 14, 2011, 11:16:34 PM |
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Yeah you are right and mr. Wright too... I guess I'm allergic to the tone of voice he is using.
Sorry. Maybe you smell my dad. He's a mailman. huk huk BAAARFFF.. SNeeeze, nope, it's you. Maybe you were a cat in your previous life. But let's in pm... [ONTOPIC PLEASE]Yeah... Wth is Tawsix with our money?!?!?! XD |
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Ten98
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August 14, 2011, 11:54:47 PM |
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Yeah... Wth is Tawsix with our money?!?!?! XD
Agreed. |
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NetTecture
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August 15, 2011, 04:06:52 AM |
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For all of those who think asking people to invest in a private project, regardless the name of that project, unless there have been contracts broken, there is no law being broken here.
Exccept it is not a private project, dumbo. Know, GLBSE etc. being a "stock exchange" does not make it a private invesmtment. Look up the SEC regulations for failitating public investments and seeking investors. The rest of the arguments is of a similar quality. You just failed logic 101 for half dumbos, obviously. |
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Nefario
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August 15, 2011, 06:08:54 AM |
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NetTecture (and others), be civil, there is no need for personal attacks. Continueing to do so will get you suspended.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com |
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Ten98
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August 15, 2011, 06:32:40 PM |
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NetTecture (and others), be civil, there is no need for personal attacks. Continueing to do so will get you suspended.
I refuse to even get involved at this point. I am slightly concerned about the lack of activity from tawsix though. Has this all got a bit much for him? |
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NetTecture
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August 16, 2011, 04:40:35 AM |
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I refuse to even get involved at this point. That is ok. Some understanding of flawed logic in your side showing up finally. I am slightly concerned about the lack of activity from tawsix though. Has this all got a bit much for him? Wel, technically at this point SIN has prooven to be in breach of contract (i.e. his own statement how the company would be handled). Under normal circumstances it would be the time to send a friendly reminder attached with a cost note from a lawyer to please adhere to contracts. This shows one significant structural problem with GLBSE companies so far: they all are tiny by any regular means. Sosmall they dont have any infrastructure - no phone, no personell etc. Maybe he just hat an accident or has an emergency? Noone knows - but then, there is noone to replace him. |
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