New GLBSE.com for FPGA mining investment - FPGAMINING

[moparguy528]

Long time BTC user so I have decided to finally mine my own. My FPGA only cluster can be found listed on GLBSE as ticker FPGAMINING. Currently pay dividends greater than most other mining setups.

[conspirosphere.tk]

I would be more encouraged to invest if:
1. you get verified on the GLBSE
2. You tell us something about your hardware assets and a measure of MHs per bond.
Thanks

[moparguy528]

I am now finally verified in the bond listing.

The FPGA cluster is still expanding and i will be releasing shares for sale once a stable dividend rate can be obtained. Your investment is not in a  particular amt of MH/s, but is in the returns generated weekly by this growing mining operation. The operation is currently all FPGA and will grow and evolve as economics warrant. Up to 30% of the generated returns will be used to continually grow the operation to prevent it from stagnating as time goes on.

I believe this will be more valuable than a specific hash rate that becomes less valuable as difficulty rises.

[Francesco]

Is there a scheduled buyback already?  

Date/time of buyback: 00:34, Tue Jul 09

(not in the contract, but below "mail issuer")

I can't even figure out what that date means.

Also: "reserves the right to upgrade to ASIC" means you haven't planned the transaction yet?
(maybe this is the reason the price is so low relative to dividend?)

[Cryptonite]

We are in a time currently stuck between two dimensions of technological and economical shift.

[conspirosphere.tk]

Your investment is not in a  particular amt of MH/s, but is in the returns generated weekly by this growing mining operation. ... Up to 30% of the generated returns will be used to continually grow the operation to prevent it from stagnating as time goes on.

OK. How do you calculate the dividend per share then?
Any chance that you could dilute (i.e. proportionally sell more shares than your hardware expansion)?
Some pics of your hardware with your handwritten name on it would be nice.

[odolvlobo]

The FPGA cluster is still expanding and i will be releasing shares for sale once a stable dividend rate can be obtained. Your investment is not in a  particular amt of MH/s, but is in the returns generated weekly by this growing mining operation. The operation is currently all FPGA and will grow and evolve as economics warrant. Up to 30% of the generated returns will be used to continually grow the operation to prevent it from stagnating as time goes on.

I like this, but the operation is stagnating. If you have set aside 30% of mining returns, you must have added another single by now, yet I don't see dividends rising. What are  your plans? Can you please show the numbers?

[Francesco]

Prices are variyng wildly, probably because divs sure are good, but lack of communication sure worries...

[btrash]

worrying thing is you only have 14 posts on this forum / lack of verification on GLBSE

[maxme]

Can you post some pictures of your setup ? For both information and trustworthiness.

[gnpeer]

speak with us @moparguy528

[sp0rus]

I'd be interested in this if there was more communication and some verification.

[SSSSwinner]

warning on newbie invests. they can steal easy.

if u are care, u use more established invests. i use ones with highest volume and verify.
https://glbse.com/asset/view/GIGAMINING
https://glbse.com/asset/view/COGNITIVE

[moparguy528]

Verification has been complete for some time.

Just a heads up that many of the higher volume investments have either been in suspected ponzi schemes or stagnant mining pools where payouts shrink as mining difficulty increases. I have the mining equipment working already but setup this bond to increase the mining operation. I mine on various pools and solo with approx 70GH/s with more coming online each week. I have only released shares that can be supported by a portion of my already-existant mining profits. I have devoted a minimum of 60% (actually closer to 90%)of the profit from current operations to paying dividends. Starting this week i will devote up to 30% to further expansion. This has been very profitable to me as i have built up my operation so as to not stagnate. Ztex 1.15y quads, x6500 FPGA miners are currently running, and hopefully soon ModMiner Quads will be added to the mix very soon.

On a side note, unlike some investments similair to mine, i held no assets with Pirate@40 so the bond finances are untainted by the collapse this last week.

Note that this secondary to my 9-5 job and personal responsibilities, so I have limited availabilty.

[conspirosphere.tk]

OK, just show us a pic of your HW with your name on it and I am in.

[sp0rus]

OK, just show us a pic of your HW with your name on it and I am in.

+1

[moparguy528]

Pic will be forthcoming soon...i understand the need to build trust. My miners are located offsite from my residence so i will run down there soon and take a few pictures of the mining equipment dedicated to already sold shares. The bulk of my equipment doesn't have shares sold for it, so that profit is mine  so it isnt for grabs yet.

By the way...you might check out https://bitcointalk.org/index.php?topic=98517.0 to see why I don't list a specific amount of MH/s per per bond and instead leave a percentage of the profits for continual growth of the mining cluster.

[moparguy528]

Just another heads up. I haven't had time to take the pics yet but if you check the Ozcoin pool at www.ozco.in , go to "Hall of Fame" on the upper bar, click on "Round Shares" you can usually see me in the top 10 miners. I also mine on Eclipse and elsewhere anonymously as well, but I though that showing part of my operation on Ozcoin would help.

[maxme]

Ok thanks, I'm still waiting for the photo to give you all my bitcoins 

[sp0rus]

I went ahead and invested a little bit, but I'm holding off on grabbing more for the same reason as above.