Bitcoin Forum
December 08, 2016, 10:26:37 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 »  All
  Print  
Author Topic: [GLBSE] Bitcorp Mining Company - BTCMC 60+ GH/s, clear ASIC upgrade path.  (Read 15684 times)
DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
August 01, 2012, 10:36:29 AM
 #81

Hey yochdog, happy dividend day! Cheesy

1481235997
Hero Member
*
Offline Offline

Posts: 1481235997

View Profile Personal Message (Offline)

Ignore
1481235997
Reply with quote  #2

1481235997
Report to moderator
1481235997
Hero Member
*
Offline Offline

Posts: 1481235997

View Profile Personal Message (Offline)

Ignore
1481235997
Reply with quote  #2

1481235997
Report to moderator
1481235997
Hero Member
*
Offline Offline

Posts: 1481235997

View Profile Personal Message (Offline)

Ignore
1481235997
Reply with quote  #2

1481235997
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481235997
Hero Member
*
Offline Offline

Posts: 1481235997

View Profile Personal Message (Offline)

Ignore
1481235997
Reply with quote  #2

1481235997
Report to moderator
1481235997
Hero Member
*
Offline Offline

Posts: 1481235997

View Profile Personal Message (Offline)

Ignore
1481235997
Reply with quote  #2

1481235997
Report to moderator
1481235997
Hero Member
*
Offline Offline

Posts: 1481235997

View Profile Personal Message (Offline)

Ignore
1481235997
Reply with quote  #2

1481235997
Report to moderator
yochdog
Legendary
*
Offline Offline

Activity: 1666



View Profile
August 01, 2012, 01:27:08 PM
 #82

Dividends have been paid!

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
Full Member
***
Offline Offline

Activity: 201


View Profile
August 01, 2012, 05:25:08 PM
 #83

Dividends have been paid!

Did the month not go well? I thought you were targeting to pay .02 per share rather than .015?
yochdog
Legendary
*
Offline Offline

Activity: 1666



View Profile
August 01, 2012, 05:31:49 PM
 #84

Dividends have been paid!

Did the month not go well? I thought you were targeting to pay .02 per share rather than .015?

The month went great......but we decided to stay at .015 this month for 2 reasons:

1)  We were offered some great hardware, and jumped at the chance to buy it....thus reducing available funds
2)  The contract on GLBSE still states the dividend is .015, and we want to avoid further confusion on ths issue.  Hence, we will have Nefario change it prior to dividends going out next month. 


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

Activity: 1666



View Profile
August 01, 2012, 05:36:33 PM
 #85

July production looks like it came in at just over 804 BTC

We did not hit our 850 goal due to the massive increase in difficulty, and the fact that I went on vacation for a week and had several miners go down for a day or two. 

Final numbers will be posted soon. 

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

Activity: 546



View Profile
August 06, 2012, 04:53:50 PM
 #86

I wonder why share value is dropping Sad

Also, I came late to GLBSE, I can get earlier dividends? (I am one of the Angels)

yochdog
Legendary
*
Offline Offline

Activity: 1666



View Profile
August 06, 2012, 09:47:04 PM
 #87

I wonder why share value is dropping Sad

Also, I came late to GLBSE, I can get earlier dividends? (I am one of the Angels)

Not a lot of volume unfortunately.....it seems like all of the liquidity has been soaked up by Giga and a few Pirate bonds. 

I have your shares held in trust at the moment......would you like them tranferred to you on GLBSE?  If so, just give me your username. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
August 07, 2012, 04:50:59 AM
 #88

yochdog, do me a favor: when you do the monthly dividends report, also list the equivalent mhash at that day's difficulty since you do fixed dividend output. For such a big holding of DMC's, I want to keep the mhash equivalent accurate.

Also, when is the full 0.05 dividend starting to be paid?

speeder
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 08, 2012, 04:45:10 PM
 #89

I wonder why share value is dropping Sad

Also, I came late to GLBSE, I can get earlier dividends? (I am one of the Angels)

Not a lot of volume unfortunately.....it seems like all of the liquidity has been soaked up by Giga and a few Pirate bonds. 

I have your shares held in trust at the moment......would you like them tranferred to you on GLBSE?  If so, just give me your username. 

You already transferred the shares (at 3 of July I think) Smiley But not the dividends.

I am Speeder in GLBSE too Smiley

yochdog
Legendary
*
Offline Offline

Activity: 1666



View Profile
August 08, 2012, 05:14:15 PM
 #90

I wonder why share value is dropping Sad

Also, I came late to GLBSE, I can get earlier dividends? (I am one of the Angels)

Not a lot of volume unfortunately.....it seems like all of the liquidity has been soaked up by Giga and a few Pirate bonds. 

I have your shares held in trust at the moment......would you like them tranferred to you on GLBSE?  If so, just give me your username. 

You already transferred the shares (at 3 of July I think) Smiley But not the dividends.

I am Speeder in GLBSE too Smiley

My apologies!

Would you like additional shares in lieu of the missed dividend, or simply the BTC? 


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

Activity: 77


View Profile WWW
August 08, 2012, 10:17:15 PM
 #91

yochdog,

Could you also provide a balance sheet statement along with your income statement each month?  My feeling is that since you don't pay out most of the income as dividends as other mining stocks do that  the current stock price isn't taking into account your cash on hand and potential for using it to grow your operations.

speeder
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 09, 2012, 09:53:52 PM
 #92

I wonder why share value is dropping Sad

Also, I came late to GLBSE, I can get earlier dividends? (I am one of the Angels)

Not a lot of volume unfortunately.....it seems like all of the liquidity has been soaked up by Giga and a few Pirate bonds. 

I have your shares held in trust at the moment......would you like them tranferred to you on GLBSE?  If so, just give me your username. 

You already transferred the shares (at 3 of July I think) Smiley But not the dividends.

I am Speeder in GLBSE too Smiley

My apologies!

Would you like additional shares in lieu of the missed dividend, or simply the BTC? 



MORE SHAAAARES, SHAAAARES, SHAAAAAAAARES!!!

yochdog
Legendary
*
Offline Offline

Activity: 1666



View Profile
August 13, 2012, 08:23:31 PM
 #93

July numbers have been finalized:

Income statement for July, 2012

Production (in BTC)   +804.16
Sale of equip.            -
Expenses                  -389.00
Dividends paid          -150.00
Net income                265.16


Also, a request for a balance shee was made, thus we comply!

Balance Sheet: Aug 1, 2012
Short-term Assets
Cash:  BTC 1050.65
Accounts receivable:  0
Total Short-term Assets:  BTC 1050.65

Long-term Assets
Capital Assets (mining equipment):  $32,478
Total Long-term Assets:  $32,478
Total Short-term assets:  BTC 1050.65
Total Assets:  $32,478 + BTC 1050.65



I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share.  So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.   

How people are choosing to pay more for perpetual bonds over equity interest is beyond me.  Perhaps I am not spreading the message well enough? 



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

Activity: 546



View Profile
August 13, 2012, 09:11:29 PM
 #94

Just after you posted, someone put a 0.72 big buy order... Smiley

I think they liked the post.


Can you make a post about expansion plans?

DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
August 13, 2012, 11:40:25 PM
 #95

I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share.  So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.   

How people are choosing to pay more for perpetual bonds over equity interest is beyond me.  Perhaps I am not spreading the message well enough? 

You need to post equivalent mhash based on today's difficulty. People only think in mhash.

yochdog
Legendary
*
Offline Offline

Activity: 1666



View Profile
August 14, 2012, 04:45:35 AM
 #96

I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share.  So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.   

How people are choosing to pay more for perpetual bonds over equity interest is beyond me.  Perhaps I am not spreading the message well enough? 

You need to post equivalent mhash based on today's difficulty. People only think in mhash.

Good point.

We are at nearly 60 GH/s....sometimes just over, but not sustaining yet while we work out a few trouble rigs. 


I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
August 14, 2012, 02:47:10 PM
 #97

I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share.  So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.   

How people are choosing to pay more for perpetual bonds over equity interest is beyond me.  Perhaps I am not spreading the message well enough? 

You need to post equivalent mhash based on today's difficulty. People only think in mhash.

Good point.

We are at nearly 60 GH/s....sometimes just over, but not sustaining yet while we work out a few trouble rigs. 



Oh man.

Lets say its 60 ghash even, and on August 1st you paid out on 3764 shares.

60000 / 3764 = 15.94 mhash. Did I fail at math somewhere along the way?

yochdog
Legendary
*
Offline Offline

Activity: 1666



View Profile
August 14, 2012, 02:59:40 PM
 #98

I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share.  So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.   

How people are choosing to pay more for perpetual bonds over equity interest is beyond me.  Perhaps I am not spreading the message well enough? 

You need to post equivalent mhash based on today's difficulty. People only think in mhash.

Good point.

We are at nearly 60 GH/s....sometimes just over, but not sustaining yet while we work out a few trouble rigs. 



Oh man.

Lets say its 60 ghash even, and on August 1st you paid out on 3764 shares.

60000 / 3764 = 15.94 mhash. Did I fail at math somewhere along the way?

Well every share gets an equal amount of the hashing power.....even those still held by the founders. 

So you have to divide the 60 GH/s by 10,000. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
August 14, 2012, 03:01:38 PM
 #99

I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share.  So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.   

How people are choosing to pay more for perpetual bonds over equity interest is beyond me.  Perhaps I am not spreading the message well enough? 

You need to post equivalent mhash based on today's difficulty. People only think in mhash.

Good point.

We are at nearly 60 GH/s....sometimes just over, but not sustaining yet while we work out a few trouble rigs. 



Oh man.

Lets say its 60 ghash even, and on August 1st you paid out on 3764 shares.

60000 / 3764 = 15.94 mhash. Did I fail at math somewhere along the way?

Well every share gets an equal amount of the hashing power.....even those still held by the founders. 

So you have to divide the 60 GH/s by 10,000. 

Okay, 6. Still, thats better than the 5 I've been writing them down as.

P4man
Hero Member
*****
Offline Offline

Activity: 504



View Profile
August 14, 2012, 03:09:22 PM
 #100

I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share.  So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.  

How people are choosing to pay more for perpetual bonds over equity interest is beyond me.  Perhaps I am not spreading the message well enough?  

There are huge differences between bonds and shares. Bonds will payout coupons that are only function of difficulty regardless; your shares could stop paying dividends all together  if for whatever reason your company no longer makes profits, like soaring electricity cost, collapsing BTC value,  equipment failure/theft/fire  etc.

Now Im not saying I would rather hold bonds,  particularly not at current prices, If I had to chose I would also be much more likely to invest in your company, because the difficulty liability that bonds suffer is gigantic,  but you are comparing apples to oranges. (and diablo is writing them down as strawberries in his books).

Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!