[BTC-TC] [[LTC-MINING]] - GLBSE LIST RECEIVED - BTC-TC TRANSITION COMPLETE

[Jurek]

Stats on the website this morning showed ~6BTC. Thanks for not doing this on auto. So far so good!

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[burnside]

Dividend paid.  The LTC prices are still down, good news is difficulty is also down, helps offset it.

Time since last dividend: ~7 days  (per my original contract, not doing dividends at exactly 7 day intervals.)

1577.393448301 LTC in the pool wallet, converted to 7.37220134 BTC, came out to 0.0073722/bond or ~0.00105317/bond/day.

Cheers.

[interlagos]

Now I wish glbse supported litecoin investments using litecoin

If it doesn't, competitors will grab some of its market share
Check out https://cryptostocks.com/ they support LTC for securities since 16th of August.

[burnside]

Now I wish glbse supported litecoin investments using litecoin

If it doesn't, competitors will grab some of its market share
Check out https://cryptostocks.com/ they support LTC for securities since 16th of August.

Yeah, actually I built a site to do LTC based stocks at http://litecoinglobal.com and soon will be announcing LTC-MINING.LTC that will be listed there.  People holding those shares will get dividends paid in LTC. 

It's in public beta now, but there are only a few things left to develop before I take it out of beta.  The cryptostocks guys were watching the litecoinglobal.com development threads and beat me out by a couple days, but I have a good feeling about Litecoin Global.

Cheers.

[burnside]

Dividend paid.  The LTC prices crashed this last week.  I witnessed it as low as 0.002 at one point.  Things bounced back pretty quickly though and I held out until today and got a semi-decent exchange.

Time since last dividend: ~7 days  (per my original contract, not doing dividends at exactly 7 day intervals.)

1676.8867817015 LTC in the pool wallet, converted to 7.36830184 BTC, came out to 0.0073683/bond or ~0.00105261/bond/day.

Cheers.

[sp0rus]

Yeah, actually I built a site to do LTC based stocks at http://litecoinglobal.com and soon will be announcing LTC-MINING.LTC that will be listed there.  People holding those shares will get dividends paid in LTC. 

It's in public beta now, but there are only a few things left to develop before I take it out of beta.  The cryptostocks guys were watching the litecoinglobal.com development threads and beat me out by a couple days, but I have a good feeling about Litecoin Global.

Cheers.

Looking forward to LTC-MINING going live on Litecoin Global.  Signed up for the beta today.  Hope it turns out to be fairly popular.

[Jurek]

So after all nefario isn't going to add LTC support?

[sebnow]

So after all nefario isn't going to add LTC support?

Correct, at least for now.

GLBSE will NOT be support litecoin, most likely anytime this year.

I fully support the development of other exchanges (rising tide lifts all boats).

I'll put my money on https://www.litecoinglobal.com/ and actually want to invest myself in this.

Eh...do we need to have litecoins to invest?

[sebnow]

Now I wish glbse supported litecoin investments using litecoin

If it doesn't, competitors will grab some of its market share
Check out https://cryptostocks.com/ they support LTC for securities since 16th of August.

Yeah, actually I built a site to do LTC based stocks at http://litecoinglobal.com and soon will be announcing LTC-MINING.LTC that will be listed there.  People holding those shares will get dividends paid in LTC. 

It's in public beta now, but there are only a few things left to develop before I take it out of beta.  The cryptostocks guys were watching the litecoinglobal.com development threads and beat me out by a couple days, but I have a good feeling about Litecoin Global.

Cheers.

Will shares be somehow transferred to Litecoin Global, or will this be a completely separate offering with new hardware backing it? I guess that will be explained in the announce .

[burnside]

Will shares be somehow transferred to Litecoin Global, or will this be a completely separate offering with new hardware backing it? I guess that will be explained in the announce .

I thought about that a bunch.  Trying to figure out how to pull something like that off.  Best I could think of was to do a forced buyback and just tell everyone to convert their BTC to LTC on the exchange, then come over to LTC-GLOBAL.

For various reasons like:

- I don't have the BTC - spent 2/3 of it on hardware
- and some people might like getting BTC out
- and the exchange process is not necessarily easy nor free
- and I have no way of doing a share transfer because GLBSE does not (currently) have a way to track who owns LTC-MINING.

It just doesn't seem like it'd make sense trying to move over.

I do already have plenty of mining hardware on tap to make a separate offering, and can certainly purchase more hardware.  The only reason I hadn't yet offered more shares to grow LTC-MINING on GLBSE is because of my uncertainty around this particular issue.  Even with the crazy power drain of the hardware, our datacenter has capacity for a lot more of these machines.

[burnside]

Dividend paid.  Not a good week for LTC prices.

Time since last dividend: ~8 days  (per my original contract, not doing dividends at exactly 7 day intervals.)

1883.0643137115 LTC in the pool wallet, converted to 6.96759989 BTC, (extended pricing on a trades I made late last week, as it was not good the last couple days.) came out to 0.00696759/bond or ~0.00087095/bond/day.

Cheers.

[burnside]

Dividend paid.

Time since last dividend: ~7 days  (per my original contract, not doing dividends at exactly 7 day intervals.)

1920.7308346319 LTC in the pool wallet, converted to 7.29878 BTC, came out to 0.00729878/bond or ~0.00104268/bond/day.

A bit better than last week. 

Cheers.

[burnside]

Hi all.

I've been proud of how this bond has performed.  Our mining hardware has been stable thus far, and confidence in the pool that I rolled out to operate the mining bond has grown.  It's time to expand the operation.  I'll be issuing between 1000 to 2000 new bonds in the next few days, priced between 0.58 and 0.68 BTC each.  I haven't decided on exact numbers yet because...

I am also going to be issuing 1000-2000 new bonds priced between 175 and 200 LTC each on Litecoin Global (https://litecoinglobal.com) in the next few days.  For those of you who would prefer a payout in LTC, it will be one of the first direct LTC mining bonds.

I'd like to thank everyone for their support.  It's been great so far. 

Cheers.

[Jurek]

This is great news! Nice to profit with you burnside!

[burnside]

Hi all.

A software update last night caused some issues with reaper.  I think one of the underlying libs got swapped out and reaper wigged out.  So we lost some hashing overnight.  I have restarted all of the reapers and things are back up and running.

I credited 150 LTC to the LTC-MINING account to make up for the lost time.  (It currently pulls in ~230/day, so I figure 150 should be fair for ~10 hrs downtime.)

Cheers.

[burnside]

Dividend paid.

Time since last dividend: ~6 days  (per my original contract, not doing dividends at exactly 7 day intervals.)

1499.7437164229 LTC in the pool wallet, converted to 5.479062 BTC, came out to 0.00547906/bond or ~0.0009132/bond/day.

Exchange rates this week have been a bit depressed.  

Cheers.

[burnside]

Dividend paid.

Time since last dividend: ~8 days  (per my original contract, not doing dividends at exactly 7 day intervals.)

2150.0385344726 LTC in the pool wallet, converted to 6.84862 BTC, came out to 0.00684177/bond or ~0.00085522/bond/day.

Cheers.

[burnside]

Dividend paid.

Time since last dividend: ~7 days  (per my original contract, not doing dividends at exactly 7 day intervals.)

1822.0880271418 LTC in the pool wallet, converted to 6.45841249 BTC, came out to 0.00064684/bond or ~0.00092405/bond/day.

Cheers.

[burnside]

LTC-MINING.LTC on Litecoin Global has successfully established itself now.

I'm offering a 1 to 1 share swap for anyone that wants to transition from LTC-MINING to LTC-MINING.LTC.  You can transfer me your LTC-MINING shares on GLBSE, and I'll transfer back to you the same number of shares in LTC-MINING.LTC on LitecoinGlobal.com.

LTC-MINING.LTC works pretty much the same as LTC-MINING.  The difference is that you get paid in LTC instead of BTC.

Cheers.

[burnside]

Hello everyone.

It's been a somewhat depressing day, I've been tracking my own personal portfolio through the events surrounding Nefario's handling of Goat's assets on the GLBSE and things are not pretty.  People are bailing out of GLBSE as fast as they can and it is severely depressing the market.

Thus I thought it worth posting that while many other assets are closing up shop, defaulting, disappearing, or being forcefully disappeared, LTC-MINING is not going anywhere.  We have real hardware generating real coins.

Cheers.