[GLBSE] Bitcorp Mining Company - BTCMC 60+ GH/s, clear ASIC upgrade path.

[yochdog]

Here are the October numbers:

Income statement for Oct, 2012

Production (in BTC)   +630.091
Sale of equip.            -
Expenses                  -184.50
Dividends paid           -150.00  (held in trust)
Net income                 295.591

[Indemnified]

Here are the October numbers:

Income statement for Oct, 2012

Production (in BTC)   +630.091
Sale of equip.            -
Expenses                  -184.50
Dividends paid           -150.00  (held in trust)
Net income                 295.591

Any contact with Nefario? (DeaDTerra has his phone number available to asset issuers)

[yochdog]

Here are the October numbers:

Income statement for Oct, 2012

Production (in BTC)   +630.091
Sale of equip.            -
Expenses                  -184.50
Dividends paid           -150.00  (held in trust)
Net income                 295.591

Any contact with Nefario? (DeaDTerra has his phone number available to asset issuers)

several e-mails.  No phone contact attempted yet. 

I am not going to waste my time until I hear from other operators that Nefario is providing something to anyone. 

[DeaDTerra]

Here are the October numbers:

Income statement for Oct, 2012

Production (in BTC)   +630.091
Sale of equip.            -
Expenses                  -184.50
Dividends paid           -150.00  (held in trust)
Net income                 295.591

Any contact with Nefario? (DeaDTerra has his phone number available to asset issuers)

several e-mails.  No phone contact attempted yet. 

I am not going to waste my time until I hear from other operators that Nefario is providing something to anyone. 

The contact I have had with him is pretty minimum and he hasn't given out any new information.
He can't give me a ETA or much of a progress report.
//DeaDTerra

[yochdog]

Here are the October numbers:

Income statement for Oct, 2012

Production (in BTC)   +630.091
Sale of equip.            -
Expenses                  -184.50
Dividends paid           -150.00  (held in trust)
Net income                 295.591

Any contact with Nefario? (DeaDTerra has his phone number available to asset issuers)

several e-mails.  No phone contact attempted yet. 

I am not going to waste my time until I hear from other operators that Nefario is providing something to anyone. 

The contact I have had with him is pretty minimum and he hasn't given out any new information.
He can't give me a ETA or much of a progress report.
//DeaDTerra

This mirrors what I have heard from several forum members.  Disappointing to say the least. 

[Indemnified]

Here are the October numbers:

Income statement for Oct, 2012

Production (in BTC)   +630.091
Sale of equip.            -
Expenses                  -184.50
Dividends paid           -150.00  (held in trust)
Net income                 295.591

Any contact with Nefario? (DeaDTerra has his phone number available to asset issuers)

several e-mails.  No phone contact attempted yet. 

I am not going to waste my time until I hear from other operators that Nefario is providing something to anyone. 

I am willing to pay you for your time if you will phone him and offer to purchase expedited access to trading history and benefical owners of BTCMC

[yochdog]

Hey all,

I have received a list from Nefario that purports to show all holders of BTCMC.  However, the e-mail has a caveat saying updates may follow, so I am treating it as preliminary. 

In order to verify the authenticity of the list, I am instituting a simple process.  For those persons claiming to be a shareholder, you must do 3 things:

1)  Send an e-mail to bitcorpmining@gmail.com from THE E-MAIL ADDRESS YOU USED TO REGISTER FOR GLBSE.
2)  In this e-mail, you must provide the withdrawal address used at GLBSE.
3)  In this e-mail, you must list the amount of shares you are claiming to own

All 3 of these items are mandatory.  No exceptions. 


Other items:

- We will be providing November results later on today. 
- We are discontinuing dividends as of the Oct. payment to conserve our resources for potential ASIC purchases. 
- There is no plan to re-list shares due to the black cloud hanging over the Bitcoin world legally. 

[Otoh]

info 1) 2) 3) sent as requested, please to confirm it tallies with that sent to you by Nefario, many thanks

[Indemnified]

Hey all,

I have received a list from Nefario that purports to show all holders of BTCMC.  However, the e-mail has a caveat saying updates may follow, so I am treating it as preliminary. 

In order to verify the authenticity of the list, I am instituting a simple process.  For those persons claiming to be a shareholder, you must do 3 things:

1)  Send an e-mail to bitcorpmining@gmail.com from THE E-MAIL ADDRESS YOU USED TO REGISTER FOR GLBSE.
2)  In this e-mail, you must provide the withdrawal address used at GLBSE.
3)  In this e-mail, you must list the amount of shares you are claiming to own

All 3 of these items are mandatory.  No exceptions. 


Other items:

- We will be providing November results later on today. 
- We are discontinuing dividends as of the Oct. payment to conserve our resources for potential ASIC purchases. 
- There is no plan to re-list shares due to the black cloud hanging over the Bitcoin world legally. 

Please make clear what is meant by: 2) "withdrawal address used at GLBSE"

I would hate to inadvertently send the wrong info

[Otoh]

Hey all,

I have received a list from Nefario that purports to show all holders of BTCMC.  However, the e-mail has a caveat saying updates may follow, so I am treating it as preliminary.  

In order to verify the authenticity of the list, I am instituting a simple process.  For those persons claiming to be a shareholder, you must do 3 things:

1)  Send an e-mail to bitcorpmining@gmail.com from THE E-MAIL ADDRESS YOU USED TO REGISTER FOR GLBSE.
2)  In this e-mail, you must provide the withdrawal address used at GLBSE.
3)  In this e-mail, you must list the amount of shares you are claiming to own

All 3 of these items are mandatory.  No exceptions.  


Other items:

- We will be providing November results later on today.  
- We are discontinuing dividends as of the Oct. payment to conserve our resources for potential ASIC purchases.  
- There is no plan to re-list shares due to the black cloud hanging over the Bitcoin world legally.  

Please make clear what is meant by: 2) "withdrawal address used at GLBSE"

I would hate to inadvertently send the wrong info

A way to help facilitate this for those who don't know their GLBSE withdrawal address would be to do what Gigavps did & issue a SHA-256 list of these addresses with corresponding assets held, see:

http://gigamining.com/glbse-records.html

Edit: I believe that the GLBSE W/D address is the one that you gave when claiming your GLBSE account from Nefario's claim process.

[Newar]

Edit: I believe that the GLBSE W/D address is the one that you gave when claiming your GLBSE account from Nefario's claim process.

That's the one.

[yochdog]

Here are the November numbers:

Income statement for Nov, 2012

Production (in BTC)   +539.99
Sale of equip.            -
Expenses                  -196.50
Dividends paid           -0 (suspended until further notice)
Net income                 343.49

[Otoh]

Here are the November numbers:

Income statement for Nov, 2012

Production (in BTC)   +539.99
Sale of equip.            -
Expenses                  -196.50
Dividends paid           -0 (suspended until further notice)
Net income                 343.49

It seems rather random that dividends can just be suspended backdated to the previous month with no discussion, prior explanation, feedback or vote (that I'm aware of), it seems like all profits are now just being kept - at least before there was some small regular return from buying you a mining farm that we are meant to be part owners of.

[Indemnified]

Here are the November numbers:

Income statement for Nov, 2012

Production (in BTC)   +539.99
Sale of equip.            -
Expenses                  -196.50
Dividends paid           -0 (suspended until further notice)
Net income                 343.49

Thanks. How about a Balance Sheet?

[yochdog]

Here are the November numbers:

Income statement for Nov, 2012

Production (in BTC)   +539.99
Sale of equip.            -
Expenses                  -196.50
Dividends paid           -0 (suspended until further notice)
Net income                 343.49

Thanks. How about a Balance Sheet?

That will be provided at year end along with dividend payments for October for those who have properly verified their shares. 

[yochdog]

Here are the November numbers:

Income statement for Nov, 2012

Production (in BTC)   +539.99
Sale of equip.            -
Expenses                  -196.50
Dividends paid           -0 (suspended until further notice)
Net income                 343.49

It seems rather random that dividends can just be suspended backdated to the previous month with no discussion, prior explanation, feedback or vote (that I'm aware of), it seems like all profits are now just being kept - at least before there was some small regular return from buying you a mining farm that we are meant to be part owners of.

Not random at all.  It was announced on December 6th that dividends are going to be suspended in order to accumulate funds for ASIC expansion. 

Paying out ever shrinking BTC from GPU mining is a bad long-term plan.

[DiabloD3]

Here are the November numbers:

Income statement for Nov, 2012

Production (in BTC)   +539.99
Sale of equip.            -
Expenses                  -196.50
Dividends paid           -0 (suspended until further notice)
Net income                 343.49

It seems rather random that dividends can just be suspended backdated to the previous month with no discussion, prior explanation, feedback or vote (that I'm aware of), it seems like all profits are now just being kept - at least before there was some small regular return from buying you a mining farm that we are meant to be part owners of.

Not random at all.  It was announced on December 6th that dividends are going to be suspended in order to accumulate funds for ASIC expansion. 

Paying out ever shrinking BTC from GPU mining is a bad long-term plan.

So when are you going to start selling off the GPU hardware? IMO you should already be selling off the worst hardware, 5830s and such, not sure what you actually have in your farm, do you have a list somewhere?

[yochdog]

Here are the November numbers:

Income statement for Nov, 2012

Production (in BTC)   +539.99
Sale of equip.            -
Expenses                  -196.50
Dividends paid           -0 (suspended until further notice)
Net income                 343.49

It seems rather random that dividends can just be suspended backdated to the previous month with no discussion, prior explanation, feedback or vote (that I'm aware of), it seems like all profits are now just being kept - at least before there was some small regular return from buying you a mining farm that we are meant to be part owners of.

Not random at all.  It was announced on December 6th that dividends are going to be suspended in order to accumulate funds for ASIC expansion. 

Paying out ever shrinking BTC from GPU mining is a bad long-term plan.

So when are you going to start selling off the GPU hardware? IMO you should already be selling off the worst hardware, 5830s and such, not sure what you actually have in your farm, do you have a list somewhere?

The farm is exclusively 5970's and 7970's.  probably 70% 7970, 30% 5970

I will not sell anything until cost exceeds revenue.  We have such an insanely low cost structure, it makes sense to continue hashing with GPU's while others have to bail. 

[DiabloD3]

Here are the November numbers:

Income statement for Nov, 2012

Production (in BTC)   +539.99
Sale of equip.            -
Expenses                  -196.50
Dividends paid           -0 (suspended until further notice)
Net income                 343.49

It seems rather random that dividends can just be suspended backdated to the previous month with no discussion, prior explanation, feedback or vote (that I'm aware of), it seems like all profits are now just being kept - at least before there was some small regular return from buying you a mining farm that we are meant to be part owners of.

Not random at all.  It was announced on December 6th that dividends are going to be suspended in order to accumulate funds for ASIC expansion. 

Paying out ever shrinking BTC from GPU mining is a bad long-term plan.

So when are you going to start selling off the GPU hardware? IMO you should already be selling off the worst hardware, 5830s and such, not sure what you actually have in your farm, do you have a list somewhere?

The farm is exclusively 5970's and 7970's.  probably 70% 7970, 30% 5970

I will not sell anything until cost exceeds revenue.  We have such an insanely low cost structure, it makes sense to continue hashing with GPU's while others have to bail. 

Yeah, I don't know what you're paying in kwh either. If its like half as much as everyone else, you can keep mining twice as long (where difficulty is now a unit of time)

[Otoh]

I sent my info in on the 6th Dec & got this reply "Thank you.  Keep an eye on the thread for more info, and we should have this resolved in the next 2 weeks. "

It's now 4 weeks & even allowing for the holidays some update should be given as to why this is taking over twice as long as planned.