Jtme

[silverbox]

It is with great regret that I must announce JTME is closing.

Due to circumstances beyond the operaters control (GLBSE closing) we will be shutting down and selling off the equipment per the

contract.

A buyer has been found and the equipment sold.

The proceeds will be disbursed to the shareholders per the contract.

The process to identify shareholders is still unknown, once it is known, we will determine how to disburse funds.

12/5/12 I have received a list from Nefario, of the 542 outstanding non operator shares 441 are accounted for.  I'll be sending out confirmation emails shortly.

12/6/12 Updated list, 493 account for of 542.

1/6/13  I received a complete list on 12/28/12 accounting for all 542 outstanding non operator shares.  I have sent out email today to all 35 shareholders.  If you were a shareholder and didn't receive a email, please contact me, otherwise your payments should be forthcoming later this week.  Sorry for the delay, I've been very busy in the non BTC world.

[PsychoticBoy]

Another Mining Company 
Watching

[Philj]

Hope you're already on the ASIC waiting list, otherwise its going to be tough to break in to this market at this point. Best of luck to you though.

[MrTeal]

So would it be fair to say that between now and October (or Nov, Dec, whenever).. that this operation will essentially be a Pirate Pass Through at half the return rate? Will the extra half be kept by the company or by you? If Pirate defaults, with the Mining Company be wiped out?

[bitcoiners]

Funds will be held in Pirate pass thrus drawing interest until purchases of ASIC's are made.

And this is where you lost me.  If I wanted to "hold" my funds in pirate I would.

So basically I'm at two HUGE risk factors?  Pirate and "getting lucky" with ASIC?

You don't see 1 BTC as a little high for taking the risk we're taking?

[bitcoiners]

I don't see the price per share as having any effect on the risk, lol .

I didn't say the price has an effect on the risk.  

I'm saying the price is, to me, not worth the risk.  And the market agrees.  Over a full day after your IPO and only 50 BTC have been invested and those were all from the same person.  Also the buy side is 10 at .1 = no demand.

Just sayin'

[AngryCatfish]

I'm on the fence, should we order a FPGA BFL single or more GPU gear??

Did you ever decide?

Does the gpu offer anything over a single?

[Francesco]

Just wondering, how much would a Pirate default somewhere this month cost us?
Today I decided to take out my calculator, and: at 7% a week, to generate 2,4 BTC last week you had to deposit around 35 BTC. A loss which would be covered with about four weeks of no dividends, if net mining revenue is 8,5BTC a week... which is not so bad as I feared, 4% is enough to take the risk after all 
But are my calculations right?

[AngryCatfish]

Could we get pictures? I'm curious how all these different things mining together looks. So far the dividends have been nice, I have high hopes for this investment.

[Francesco]

May I suggest investing in NYAN.C, insted of PPTs directly? As you can see (https://bitcointalk.org/index.php?topic=97178.0), there is a fairly good chance to get paid more than 7% (and more than 0% when default comes, also)

[PinkBatman]

Oh and for the shoe enthusiasts..  I give you..

The new machine with a boot on it..

 

[AngryCatfish]

Thanks for the pics, love miner porn. Looking forward to next payout.

[gnar1ta$]

Refurb 40gb HD ordered.  1.36 BTC.

Since I purchased some shares I have to ask, why not save some watts and $ by running BAMT on a USB? Might not save enough for new boots, but may increase dividends a bit.

[PinkBatman]

Just bought some more. I really like seeing what is being purchased in such a live format, keep up the good work.

[sebnow]

How will the changes in Pirate's rates affect JTME? Will dividends be reduced?

[Francesco]

So, the moment of truth for the "getting lucky" thing has come 

https://bitcointalk.org/index.php?topic=50822.0

How many funds with him now?

(note that I no longer own shares, but your idea was original so I am curious about the outcome  )

[Jurek]

How is this situation going to affect our future ASIC purchases? Will we have enough funds to keep the operation profitable when BL starts delivering?

[Jurek]

Funds to buy more efficient mining gear is what I meant. Thanks for the quick response

[AngryCatfish]

Sounds like you got out at the nick of time, I'm curious what dividends will start to look like.

[Jurek]

Maybe we could set up a savings account with hashking ( https://www.hkbtclending.com/ )? He pays 1% weekly with no lock in. Shame to see coins getting dusty