ASIC.COOP ASIC MINERS COOPERATIVE

[ciuciu]

2% dividend paid.

Thank you.

[1714988183]

1714988183

[pekv2]

ciuciu had helped me tremendously in the last 24 hours or more on some very much technical difficulties that I was having with glbse.

ciuciu had gotten this resolved, I had sent him some BTC for two shares of ASIC.COOP, he had transferred the two shares to my glbse account. ciuciu is a good guy in my eyes, so I just want to sincerely thank you, ciuciu, for all the help and support you have supplied.

Thank you, ciuciu.

[Newar]

Ok, I'm interested.

Seeing the response so far... When is the cut off for the decision to go with Singles or the rig?

If we have not pre-ordered until day X and a competitive product comes along, how would this be handled?

[joshv06]

I have been watching this thread, my brother, friend and I have been saving up ~2600$ to buy 2 singles. We might be looking to buy shares here, but what happens if we don't get to 30,000$? I don't want to invest here and not have money to buy singles as a backup.

Is there a way to pay BTC with a set value of USD per share? What if BTC goes up to 7.50$ when some of us have our money saved up and ready? We would've payed 35,000$ for a 30,247$ rig.

Josh

[Newar]

The price in OP is in USD, I'd think it will be ordered / bought as soon as the shares hit that price. Be it by exchange rate, returns from the 1% investment or number of shares sold. Once the order is placed I expect no more shares will be sold.

I agree there should be a plan B for not getting the money together by XX date. Either getting Singles or pay back 1 BTC per share + what was made with the 1% investment / number of shares.


Edit: realised 1% investment is paid out as dividends.

[ciuciu]

Hi,

I'm trying to purchase 9 BFL ASIC single from this thread:
https://bitcointalk.org/index.php?topic=91278.0
The seller accepted to get paid for 7 and take shares in our ASIC.COOP for two. So, we need to raise $7840 ASAP. He have 252BTC and we need another ~955BTC.
If we want a chance, we need this money in a week.

Thanks.

[dreamwatcher]

Hi,

I'm trying to purchase 9 BFL ASIC single from this thread:
https://bitcointalk.org/index.php?topic=91278.0
The seller accepted to get paid for 7 and take shares in our ASIC.COOP for two. So, we need to raise $7840 ASAP. He have 252BTC and we need another ~955BTC.
If we want a chance, we need this money in a week.

Thanks.

Unfortunately, my business is not very liquid at the moment. I expect a large cash inflow mid-August to early September as a couple of investments come to maturity. If I try to liquidate them now, the penalty would be extremely high and pretty much eat up any gain I made on them.

I wish I could help, but at this time I have already invested any of the significant BTC in the COOP I have until then.

[dreamwatcher]

Why did the shares available drop to 997? Did we just have a huge buy?

I can buy 20 mores shares right now, but looking at what is needed,  I really only want to do that if it will get us over the goal.

[ciuciu]

Why did the shares available drop to 997? Did we just have a huge buy?

I can buy 20 mores shares right now, but looking at what is needed,  I really only want to do that if it will get us over the goal.

No, I just adjusted the number of shares to account for the 9 units. I do not think we will be able to sell 5000 shares very soon.

[Newar]

I *might* be able to do 60 within the week. I'll be back in 24hrs.

[joshv06]

I was also talking with the OP of that thread in regards to buying 2. Will the asic mining coop only be operated on these 9 singles rather than a mini rig?

[ciuciu]

I was also talking with the OP of that thread in regards to buying 2. Will the asic mining coop only be operated on these 9 singles rather than a mini rig?

Yes, I will opearate this 9 singles instead of a mini rig. It will take too long to sell 5000 shares.

[joshv06]

I was also talking with the OP of that thread in regards to buying 2. Will the asic mining coop only be operated on these 9 singles rather than a mini rig?

Yes, I will opearate this 9 singles instead of a mini rig. It will take too long to sell 5000 shares.

I think that is the best way to go. We will also get more GHs/$ with the discount. I can definately buy ~1333$ in shares this week, and another 1000$ soon.

[ciuciu]

I was also talking with the OP of that thread in regards to buying 2. Will the asic mining coop only be operated on these 9 singles rather than a mini rig?

Yes, I will opearate this 9 singles instead of a mini rig. It will take too long to sell 5000 shares.

I think that is the best way to go. We will also get more GHs/$ with the discount. I can definately buy ~1333$ in shares this week, and another 1000$ soon.

This will be great. I will buy another 100 shares myself too.

[joshv06]

So how much will be going to operating costs and how much will be going to the shareholders? What is the new Mhash/$ we are getting with the 15% discount from the OP.

Also please update the original post.

[ciuciu]

So how much will be going to operating costs and how much will be going to the shareholders? What is the new Mhash/$ we are getting with the 15% discount from the OP.

Also please update the original post.

I can't calculate exactly at the moment, but they will be kept at a minimum. All will be made public and they will be approved by the shareholders.

[dreamwatcher]

If needed, I can go the route of liquidating my mining farm. It is not huge but would enable me to buy an additional 150 or so shares.

I have been wondering what to do with this farm as I fear the 5800 series market will crash *when* BFL starts delivering en mass.I thought about selling off the 5800's and buying 7000 series as an interim solution.

But perhaps I will sell them off and invest it on the COOP, and when my investments pay off  in the next month and half - two months, put an order in myself for a single or two.

One issue is loss of income until BFL delivers, as I assume once the order is placed, there will be no more dividends until BFL delivers.

The other issue is time, I can probably liquidate the farm within a week, but not by the end of this week. Then the issue of converting cash to BTC arises, reasonable conversion takes 3-4 business days (through Dwolla). Other conversion routes that are quicker normally take about a 5% cut when all is said and done.

Anyway, let me know if you think this will be needed and would help the cause substantially.

[joshv06]

Did you get the deal worked out with wogaut? 10080$ for 9 SC Singles right?

[EskimoBob]

I was also talking with the OP of that thread in regards to buying 2. Will the asic mining coop only be operated on these 9 singles rather than a mini rig?

Yes, I will opearate this 9 singles instead of a mini rig. It will take too long to sell 5000 shares.

I think that is the best way to go. We will also get more GHs/$ with the discount. I can definately buy ~1333$ in shares this week, and another 1000$ soon.

This will be great. I will buy another 100 shares myself too.

https://glbse.com/api/quantity_trading/ASIC.COOP shows only 255 shares sold?

[ciuciu]

I was also talking with the OP of that thread in regards to buying 2. Will the asic mining coop only be operated on these 9 singles rather than a mini rig?

Yes, I will opearate this 9 singles instead of a mini rig. It will take too long to sell 5000 shares.

I think that is the best way to go. We will also get more GHs/$ with the discount. I can definately buy ~1333$ in shares this week, and another 1000$ soon.

This will be great. I will buy another 100 shares myself too.

https://glbse.com/api/quantity_trading/ASIC.COOP shows only 255 shares sold?

256 sold at the moment.