[GLBSE] MergedMining 2.0

[likuidxd]

MergedMining 2.0 is a Bitcoin mining company seeking to utilize the "merged" mining technique to increase investment returns by mining for bitcoins and namecoins at the same time. MergedMining has access to electricity at a variable $0.06-$0.12/kWh rate and free internet, making mining costs extremely manageable and giving MergedMining the potential to outperform it's peers.

The Future of MergedMining

Large scale low cost mining utilizing BTC/NMC techniques and GPU/FPGA equipment for current and future investors.

Plan:
Upfront rapid expansion in MergedMining.
We have a unique opportunity here to share in a very lucrative endevour. MergedMining is about to join forces with up to a current 10GH/s farm. Plans for a very rapid expansion are in the works and MergedMining will operate in one weeks time with 2.5GH/s opening all 10,000 shares to receive a full dividend payment of 0.001 BTC weekly. Further expansion into the 10GH/s farm will be done over weekly periods opening new shares to the market at current market value until we reach a maximum limit of 25,000 shares in MergedMining operating at 6.5-10GH/s. Under this plan, by the time we have reached capacity MergedMining will have raised enough BTC for a massive move into FPGA mining with a mining speed reaching 25-35GH/s!

It is my belief that moving into FPGA mining is the correct move to make. Difficulty is rising fast and with a block decrease just over the horizon, this is the time to make a move to secure profitability for the future.


Dividend increases have been purposely left out due to lead time in FPGA equipment & liquidity of market

[1713558191]

1713558191

[1713558191]

1713558191

[weex]

Hello likuidxd,

Thanks for posting the plan and for taking over the helm. I suppose OgNasty has made an executive decision that we'll have to go with...there was no motion. Alas MM is a fairly small operation so it makes sense that it needs something different to grow further and to survive.

Currently, we're looking at 6700 shares getting 0.001 BTC per week each. Is it your aim to keep this same level of dividend up or do you see any possibility to increase it. I think moving toward FPGA is good as long as it doesn't require equipment to be sold and hashrate to drop while the operation waits for delivery. I know difficulty has something to do with how likely that is.

Do you have any plan to change the operation when the block reward halves?

Will we be able to monitor MM2's hashrate somehow?

Thanks,

weex

[likuidxd]

Thank you for your questions weex.

This week we will see the same dividend payments you have seen throughout MergedMining's operations, except all 10,000 shares will receive dividend payments.
I see huge opportunities for dividend growth. I plan to grow the operation in waves, implementing more hashing power and shares until we reach our planned capacity. Being in the position of operating 10GH/s of mining power, I will have the ability to grow this stock steadily as shares are exposed so there is no chance of a decrease in dividends, just growth. Hashrate will be exposed to the public owners as shares are sold and hardware is ordered, 10GH/s backing a 15-20GH/s expansion (no equipment will be sold to buy FPGAs).

The block drop is a questionable area for a lot of the current operators of mining companies listing on the GLBSE. Making a solid move to FPGAs is going to help immensely in offsetting costs of operations. This offset in cost should also grow the company and dividends in return. When the reward halves, it is just that. Our dividends will be effected by this, but moving now to FPGA will secure higher dividends in the future operations of MergedMining 2.0.

MergedMining 2.0 will be as transparent as it's little brother, MergedMining. Shareholders will have the ability to view current hardware and hashrate live, very similar to GIGAMINING.

If you have any further questions, please do not hesitate to ask.

[likuidxd]

My apologies for the absence this holiday weekend.

Dividends were paid:
2012-05-26 13:01   7.0   7000   0.001

[Mellivora]

hmm

My thoughts exactly.

[OgNasty]

hmm

My thoughts exactly.

Why is that?

[Mellivora]

hmm

My thoughts exactly.

Why is that?

Big changes, exciting times... looking forward to updates and what the new pictures dividends will be.

[likuidxd]

Dividends Paid:
2012-06-02 10:21   10.0   10000   0.001

I'm having a few network issues in the farm ATM, but the website to view the farm should be up by the end of next week.

Good News!!
This next week marks our first week operating at 10GH/s! All 25,000 shares will be paid for full production from MergedMining's 10GH farm. The new 15,000 shares will be held my MergedMining and dividends collected by those shares will stay in the company building revenue for furthur expansion into FPGA equipment. As the market allows they will be sold at market value, but not in large numbers (no huge ask walls will be put in place). If you are interested in buying a large stake in MergedMining 2.0, please feel free to PM me or you can email/gchat likuidxd@gmail.com.

Any questions, comments, concerns feel free to ask here. I'll be available all day, EST.

[likuidxd]

excellent 

Happy you agree

[likuidxd]

Dividends Paid:
2012-06-09 10:12   45.0   25000   0.0018


A slight increase in hashing power will take effect in the middle of next week. We have a 5970 en route from RMA!

Over last weekend, 2 new 20a dedicated lines were installed to add stability to the farm.
I am currently waiting for more information from ngzhang about performance on his Lancelot boards, and from BFL about singles, rig boxes and ASIC mining options before I make a move into these avenues. I want to make sure we are making the right move to secure future profits.

New shares are still available. If you are interested in purchasing a larger quantity, more than 500 shares, please contact me via PM.

[likuidxd]

Dividends paid
2012-06-16 12:40   47.686   25000   0.00190744

[likuidxd]

dividends tomorrow or tonight ?

They are coming out now.

[likuidxd]

Dividends paid:
2012-06-23 23:31   47.8955   25000   0.00191582

There was a slight delay today as my schedule did not allow me to pay this morning.

[likuidxd]

Motion created and up for vote for 72 hours

[likuidxd]

Motion has passed with an overwhelming yea.

5 GH/s of GPU power will be sold and proceeds from the sale will be reinvested into ASIC hardware.

[likuidxd]

Dividends paid:
2012-06-30 10:11   45.29   25000   0.0018116

[likuidxd]

Dividends Paid:
2012-07-07 12:29   44.986   25000   0.00179944

[likuidxd]

Woke up this morning to discover our location is suffering a blackout due to high temperatures in the area. I will post further information after I contact the power company and find out what is happening and when we can expect power again.

[likuidxd]

After a series of brownouts, our equipment is back up and mining.

80% of the hardware voted to be sold has been sold. More exciting news on our mining power coming in the very near future.

[OgNasty]

80% of the hardware voted to be sold has been sold. More exciting news on our mining power coming in the very near future.

Glad to hear it.  Nice to see you've nearly doubled the dividend per share since taking over as well.  Nice work.