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Author Topic: [GLBSE] Bitcorp Mining Company - BTCMC 60+ GH/s, clear ASIC upgrade path.  (Read 15671 times)
DiabloD3
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May 07, 2013, 09:31:38 PM
 #201

Wow, you've dragged your trolling into this thread too?

Why don't you want me to enquire as to Yochdog's opinion of your unflattering characterization of his mining company?

You should welcome his confirmation of the correctness of your negative evaluation of BTCMC.

Yochdog, may I buy DMC's 1000 shares now?  If not, I understand, but will you honor an agreement between Diablo and myself to transfer the shares when possible?

Yes, I will facilitate private transactions of shares between consenting parties. 

Really? So if I go run an auction selling the shares, thats totally fine with you?

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yochdog
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May 07, 2013, 09:41:36 PM
 #202

Wow, you've dragged your trolling into this thread too?

Why don't you want me to enquire as to Yochdog's opinion of your unflattering characterization of his mining company?

You should welcome his confirmation of the correctness of your negative evaluation of BTCMC.

Yochdog, may I buy DMC's 1000 shares now?  If not, I understand, but will you honor an agreement between Diablo and myself to transfer the shares when possible?

Yes, I will facilitate private transactions of shares between consenting parties. 

Really? So if I go run an auction selling the shares, thats totally fine with you?

You have to sell the entire lot.  I will not break down current holdings into smaller blocks.

If you run an auction, and both parties verify they accept the terms, I will transfer ownership. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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May 07, 2013, 09:50:41 PM
 #203

Wow, you've dragged your trolling into this thread too?

Why don't you want me to enquire as to Yochdog's opinion of your unflattering characterization of his mining company?

You should welcome his confirmation of the correctness of your negative evaluation of BTCMC.

Yochdog, may I buy DMC's 1000 shares now?  If not, I understand, but will you honor an agreement between Diablo and myself to transfer the shares when possible?

Yes, I will facilitate private transactions of shares between consenting parties. 

Really? So if I go run an auction selling the shares, thats totally fine with you?

You have to sell the entire lot.  I will not break down current holdings into smaller blocks.

If you run an auction, and both parties verify they accept the terms, I will transfer ownership. 

Ahh, that makes it a tad more problematic.

yochdog
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May 07, 2013, 09:56:24 PM
 #204

Wow, you've dragged your trolling into this thread too?

Why don't you want me to enquire as to Yochdog's opinion of your unflattering characterization of his mining company?

You should welcome his confirmation of the correctness of your negative evaluation of BTCMC.

Yochdog, may I buy DMC's 1000 shares now?  If not, I understand, but will you honor an agreement between Diablo and myself to transfer the shares when possible?

Yes, I will facilitate private transactions of shares between consenting parties.  

Really? So if I go run an auction selling the shares, thats totally fine with you?

You have to sell the entire lot.  I will not break down current holdings into smaller blocks.

If you run an auction, and both parties verify they accept the terms, I will transfer ownership.  

Ahh, that makes it a tad more problematic.

Should be easy!  You have marked the shares to zero on your books, so anything you get out of them is a bonus to your shareholders.  I say full steam ahead.  

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
iCEBREAKER
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May 07, 2013, 11:25:51 PM
 #205

Wow, you've dragged your trolling into this thread too?

Why don't you want me to enquire as to Yochdog's opinion of your unflattering characterization of his mining company?

You should welcome his confirmation of the correctness of your negative evaluation of BTCMC.

Yochdog, may I buy DMC's 1000 shares now?  If not, I understand, but will you honor an agreement between Diablo and myself to transfer the shares when possible?

Yes, I will facilitate private transactions of shares between consenting parties.  

Really? So if I go run an auction selling the shares, thats totally fine with you?

You have to sell the entire lot.  I will not break down current holdings into smaller blocks.

If you run an auction, and both parties verify they accept the terms, I will transfer ownership.  

Ahh, that makes it a tad more problematic.

Should be easy!  You have marked the shares to zero on your books, so anything you get out of them is a bonus to your shareholders.  I say full steam ahead.  

 Grin Grin Grin Grin Grin Grin

lol yochdog

You're welcome Diablo.

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
DiabloD3
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June 19, 2013, 12:34:54 AM
 #206

Hey yochdog,

https://bitcointalk.org/index.php?topic=237710.0

Giga is claiming he has a BFL ASIC now.

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July 26, 2013, 05:56:49 PM
 #207

Any news here? Last comment from yoch was more than 2 months ago.
yochdog
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July 26, 2013, 06:09:39 PM
 #208

Waiting on BFL gear.  

I am considering liquidating BTCMC and closing down.  The diff growth rate is going to make keeping up a losing prospect, even with significant ASIC resources.  

A bummer for sure.  Losing the barriers to entry that GPU mining gave us really screwed the business model.  

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
Indemnified
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July 26, 2013, 07:36:58 PM
 #209

Waiting on BFL gear.  

I am considering liquidating BTCMC and closing down.  The diff growth rate is going to make keeping up a losing prospect, even with significant ASIC resources.  

A bummer for sure.  Losing the barriers to entry that GPU mining gave us really screwed the business model.  

Some mistakes have been made (understandably), some bad luck has been encountered, and so my investments havw not paid off as I had hoped. At least I did not invest with any Pirates
 Grin

 Would you be so kind as to give a snapshot of the current situation (order dates for BFL ascics, btc and hardware on hand, etc.) so that I can learn from the situation and perhaps be a better investor in the future.

Thanks for giving it a try. Too bad our dreams were not realized.
yochdog
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July 26, 2013, 08:15:52 PM
 #210

Waiting on BFL gear.  

I am considering liquidating BTCMC and closing down.  The diff growth rate is going to make keeping up a losing prospect, even with significant ASIC resources.  

A bummer for sure.  Losing the barriers to entry that GPU mining gave us really screwed the business model.  

Some mistakes have been made (understandably), some bad luck has been encountered, and so my investments havw not paid off as I had hoped. At least I did not invest with any Pirates
 Grin

 Would you be so kind as to give a snapshot of the current situation (order dates for BFL ascics, btc and hardware on hand, etc.) so that I can learn from the situation and perhaps be a better investor in the future.

Thanks for giving it a try. Too bad our dreams were not realized.

Ya, leaving funds at Bitcoinica was a dumb, dumb mistake.  I still cling to a shred of hope that asshole Kerpeles will do the right thing and stop obstructing the conservators trying to wind up Bitcoinica, as we have a verified claim. 

I will present some updated numbers, with current salvage values by the end of August.....there is a lot to document.  There is a large amount of hardware to be sorted, valued, and liquidated.  I may simply make a buyout offer to all partners in order to simplify the process. 

We have a payday of July 7th with BFL.  At the rate they are going, we might have some ASIC's by November. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
iCEBREAKER
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July 27, 2013, 02:52:23 PM
 #211

hi YD,

Thx for update.  What is the July 7 BLF payday?

Have you tried scrypt mining at multipool.in or middlecoin?

once you have inventory done maybe Diablo will finally auction our stake, which could help you find the right price for the rest.

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
rdponticelli
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July 27, 2013, 03:27:40 PM
 #212

BTW, have you researched the franchising option that AM is about to offer? It might fit ideally with this operation...
DiabloD3
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July 27, 2013, 05:56:14 PM
 #213

Waiting on BFL gear.  

I am considering liquidating BTCMC and closing down.  The diff growth rate is going to make keeping up a losing prospect, even with significant ASIC resources.  

A bummer for sure.  Losing the barriers to entry that GPU mining gave us really screwed the business model.  

If you end up liquidating, that'd be a shame. But I'll support you if thats what you decide to do.

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July 30, 2013, 07:30:11 PM
 #214

bleeding edge business is always risky.

Too bad I lost so much money so far Sad

yochdog
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July 30, 2013, 07:37:05 PM
 #215

hi YD,

Thx for update.  What is the July 7 BLF payday?

Have you tried scrypt mining at multipool.in or middlecoin?

once you have inventory done maybe Diablo will finally auction our stake, which could help you find the right price for the rest.

For the ASICS I lined up for BTCMC, the paydate is July 7th. 

Until they start shipping that pay-date, we are stuck in the mud. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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August 08, 2013, 04:51:42 AM
 #216

hi YD,

Thx for update.  What is the July 7 BLF payday?

Have you tried scrypt mining at multipool.in or middlecoin?

once you have inventory done maybe Diablo will finally auction our stake, which could help you find the right price for the rest.

For the ASICS I lined up for BTCMC, the paydate is July 7th. 

Until they start shipping that pay-date, we are stuck in the mud. 

What ASCICS have you got lined up ( all singles, or hopefully something else too?)
reg
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August 16, 2013, 01:34:10 AM
 #217

hi, trying to get up to date with your plan! you were considering liquidating !. have you decided?. I have not had any info, divs since glbse closed and no idea what any offer for the shares may be. any guidance on this or is it still being worked out?.is end of august still the plan? reg.
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August 16, 2013, 04:44:15 AM
 #218

hi, trying to get up to date with your plan! you were considering liquidating !. have you decided?. I have not had any info, divs since glbse closed and no idea what any offer for the shares may be. any guidance on this or is it still being worked out?.is end of august still the plan? reg.
Looks like the start of liquidation, maybe (??):
https://bitcointalk.org/index.php?topic=274304.0

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yochdog
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August 16, 2013, 04:19:01 PM
 #219

Hey all.

I am locking this thread, and will correspond with all partners through their registered e-mail address.  Look for something regarding the liquidation in the next 2 weeks. 

thanks. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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