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Author Topic: New GLBSE.com for FPGA mining investment - FPGAMINING  (Read 10196 times)
moparguy528
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August 30, 2012, 03:50:44 AM
 #21

Here are the pics of the x6500 miners (80 dual FPGA boards in total). Once i visit the rest of my farm I will update with more pictures

http://i47.tinypic.com/s6rmmv.jpg
http://i49.tinypic.com/adkg89.jpg
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sp0rus
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August 30, 2012, 02:29:40 PM
 #22

Pretty awesome looking cluster there.  Doubts are gone, thanks.  Now to get some more coins to GLBSE quickly...

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intel-core-i7
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August 30, 2012, 05:18:36 PM
 #23

I believe him although its not 100% sure if morpaguy is honest... But hey - my intuition works pretty well these days.

Plus we have some hard evidence - he really has these fpga-s.

He really is in top 10 in ozcoin ...

One can be paranoid till tomorrow.

I believe him and financed a little bit his minig rig. Everybody think for themselves.

Go go dude!

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moparguy528
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August 31, 2012, 12:10:33 PM
 #24

Pretty awesome looking cluster there.  Doubts are gone, thanks.  Now to get some more coins to GLBSE quickly...

Thank you....the wiring runs aren't very pretty but I wanted to get them up and running quickly.
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September 02, 2012, 01:55:31 AM
 #25

so why the recent sell off of shares? is it the new motion? full moon?

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Francesco
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September 02, 2012, 09:21:11 AM
 #26

so why the recent sell off of shares? is it the new motion? full moon?

I'd really like to understand what goes on with the price here. Right now this is one of the titles I am most exposed to, to the point I start to feel unconfortable... but at this prices, I can not avoid buying! Hope it will go up over 0.9 again like next time Smiley
Bitcoin Oz
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September 02, 2012, 09:32:57 AM
 #27

so why the recent sell off of shares? is it the new motion? full moon?

I'd really like to understand what goes on with the price here. Right now this is one of the titles I am most exposed to, to the point I start to feel unconfortable... but at this prices, I can not avoid buying! Hope it will go up over 0.9 again like next time Smiley

Someone probably needed to liquidate quickly.

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September 02, 2012, 12:37:58 PM
 #28

Someone probably needed to liquidate quickly.

Or maybe it's because someone here is periodically shorting mining bonds, since he believes that fixed MHs/s bonds are "turds". Recently I took advantage of some of his dumps, and now I am at the top in the bids for FPGAMINING and will buy MOAR.

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September 02, 2012, 02:50:46 PM
 #29

Thanks for the input folks. I'll be buying more as well if whoever it is keep dumping the "turds"  Grin

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zef
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September 02, 2012, 03:59:37 PM
 #30

imo this is the most undervalued mining stock right now. the stock is almost fully verified and if you do the math on the dividends per currently paying share, you are getting 3.5% yield per week at current prices. do the calculation on paid out shares and you are buying the equivalent of 10 mhash per share at this difficulty, and its not even a fixed mhash bond. Compare this to other mining stocks and it blows them out of the water.

There are a couple drawbacks though: the issuer holds 60k shares that could be dumped on the market at any time, so this adds a little uncertainty for future price and payouts. Also people don't know much about the issuer, not much reputation, so I think that scares some people off.
silverfuture
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September 03, 2012, 03:13:22 AM
 #31

imo this is the most undervalued mining stock right now. the stock is almost fully verified and if you do the math on the dividends per currently paying share, you are getting 3.5% yield per week at current prices. do the calculation on paid out shares and you are buying the equivalent of 10 mhash per share at this difficulty, and its not even a fixed mhash bond. Compare this to other mining stocks and it blows them out of the water.

There are a couple drawbacks though: the issuer holds 60k shares that could be dumped on the market at any time, so this adds a little uncertainty for future price and payouts. Also people don't know much about the issuer, not much reputation, so I think that scares some people off.

Great analysis.  I agree with the exception that should the new motion pass it will bring dividend down to 2.5% with the remaining 1% added to expansion of farm. I see that as a positive though as it should keep dividend up as difficulty increases.  If the issuer is transparent and communicative I can see this being a very popular security as reputation increases.  I am a little concerned with the buyback option in the contract and it seems like it has been used before as there have been fewer shares payed out some weeks than previous weeks in the dividend record.

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intel-core-i7
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September 03, 2012, 11:08:41 AM
 #32

I saw the new motion - expires on the 4th of Sep.

I think 3.5% weekly is very unsustainable and is more like slavery for the miner.

He is sharing profits equally among bond-holders - not coupling a bond with a fixed MHash value...

So even 2.5% weekly would be awesome.

For all the greedy folks who cant see how this investment compares to the realworld investments... Feel free to sell out. Those who value a good investment will buy you out.

PS. The divindends drop to 2.5% would give more funds to morpaguy to buy new hardware. So as the motion says - in the mid and long term this is beneficial to all of us.

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Fortega
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September 03, 2012, 02:21:51 PM
 #33

I thought they were undervalued @ .9
Now it's .75, so today it's a great day to buy Smiley
I don't care if they go down more. I'm not planning to sell them soon anyway... I will only buy more if the price keeps going down...

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September 03, 2012, 07:29:54 PM
 #34

my favorite stocks:)

Mine with your Bitcoins: www.facebook.com/pyramining (always active links)
Exchange all your altcoins on Vircurex (smaller fee from that link)
Francesco
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September 04, 2012, 10:00:14 AM
 #35

imo this is the most undervalued mining stock right now. the stock is almost fully verified and if you do the math on the dividends per currently paying share, you are getting 3.5% yield per week at current prices. do the calculation on paid out shares and you are buying the equivalent of 10 mhash per share at this difficulty, and its not even a fixed mhash bond. Compare this to other mining stocks and it blows them out of the water.

There are a couple drawbacks though: the issuer holds 60k shares that could be dumped on the market at any time, so this adds a little uncertainty for future price and payouts. Also people don't know much about the issuer, not much reputation, so I think that scares some people off.

Great analysis.  I agree with the exception that should the new motion pass it will bring dividend down to 2.5% with the remaining 1% added to expansion of farm. I see that as a positive though as it should keep dividend up as difficulty increases.  If the issuer is transparent and communicative I can see this being a very popular security as reputation increases.  I am a little concerned with the buyback option in the contract and it seems like it has been used before as there have been fewer shares payed out some weeks than previous weeks in the dividend record.

The motion isn't very clear: 2.5% relative to IPO price, or current price? We are already near 2.5% relative to 1 BTC IPO price. And what is "current" price, since it went from 1 to 0.75 in a week?
zef
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September 04, 2012, 01:23:10 PM
 #36

just looking at the dividend payout, it looks like its relative to 1 btc. so if you can get in at .75 you are getting over 3% still.
Francesco
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September 04, 2012, 09:33:35 PM
 #37

 
just looking at the dividend payout, it looks like its relative to 1 btc. so if you can get in at .75 you are getting over 3% still.

That would be so great  Smiley But If it's already like this -was the motion in effect before its formal deadline? Really improper use of the tool. But as long as he gives me 0.025/w, I feel like forgiving him   Grin
lord
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September 09, 2012, 02:46:15 PM
 #38

@moparguy528:
Here are the pics of the x6500 miners (80 dual FPGA boards in total). Once i visit the rest of my farm I will update with more pictures
nice pics!!

can you please tell us, what else does your mining company consist of besides the 80 * x6500 dual miners?
thanks

goodlord666
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September 09, 2012, 05:07:59 PM
 #39

nice pics!!

can you please tell us, what else does your mining company consist of besides the 80 * x6500 dual miners?
thanks



Oh, another lord! I'm honored!


intel-core-i7
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September 16, 2012, 08:02:39 AM
 #40

why isnt moparguy on ozcoin any more ?

http://www.ozco.in/content/hall-fame-round-shares-bitcoin

??

If you like what I do - donate : 1MWoRs6wKyJLLYm7gjrWeTcipCrCTneCRE
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