[GLBSE] CIUCIU.MINING 0.1 BTC/ 26.88 MH/s shares with 1% dividend

[ciuciu]

The shares are now available on GLBSE https://glbse.com/asset/view/CIUCIU.MINING

"Each share will give his owner 1/37200 of the bitcoin production of a BitForce Mini Rig ‘SC’  by Butterly Labs.

The share price is set at 0.1 BTC. 7200 shares will be kept by the operator as operating costs.

Each share will receive 1% weekly dividend paid by the operator until the unit arrives. When the ASIC unit starts mining, the interest paid in advance be the operator will be deducted from the weekly profits. If the mining equipment is not delivered by then, the dividend paid will be reduced to 0.5% at the moment the bitcoin reward is halved.

Should mining become unprofitable or other circumstances cause the operator to be unable or unwilling to perform his duties, sale of all hardware and equal distribution of funds will commence according to the number of shares held by each individual."

FAQ:

Q: When will the first dividend payment be made?
A: All weekly dividend payments happen on Wednesday. The first payment will be on August 15th.

[der_meister]

What will happen if the Mini rig SC never arrive?

[ciuciu]

What will happen if the Mini rig SC never arrive?

Never thought of this! Let's ask GIGAVPS or Inaba
What do you suggest?

[der_meister]

If I know...may be some kind of partially insurance I like the idea of 1% weekly dividend. Tbh, I will buy 200-300 shares

[ciuciu]

If I know...may be some kind of partially insurance I like the idea of 1% weekly dividend. Tbh, I will buy 200-300 shares

I will ask CPA for a quote on insurance.

Thanks.

[ciuciu]

Up for more interest.

[ciuciu]

Up for more interest.

[ciuciu]

Added to the contract: "If the mining equipment is not delivered by then, the dividend paid will be reduced to 0.5% at the moment the bitcoin reward is halved."

Thank you.

[ciuciu]

Up for interest!

[purplesquid]

I see this as a good partly insured bet for BFL ASIC success.

Scenarios:

BFL Fails : Payout until Reward Halving + Payout after = approx. 12% + (0.5%*weeks until insolvency)

BFL Succeeds : Get 1/37200th of a THz = 26.88 MHz for 0.1 BTC

The value of 26.88 MHz past December is, of course, speculation.

I'd buy some.

[ciuciu]

I see this as a good partly insured bet for BFL ASIC success.

Scenarios:

BFL Fails : Payout until Reward Halving + Payout after = approx. 12% + (0.5%*weeks until insolvency)

BFL Succeeds : Get 1/37200th of a THz = 26.88 MHz for 0.1 BTC

The value of 26.88 MHz past December is, of course, speculation.

I'd buy some.

Thanks. I submitted the IPO for approval on GLBSE.

[ciuciu]

Now live on GLBSE!

[segabtc]

This might sound like a stupid question, but has this Mini rig SC been ordered? What date is the order date? Or are you waiting to get coins to purchase? No disrespect intended, just a pertinent piece of information that I would like to know.

[ciuciu]

No, the unit will be ordered only after the shares are sold. To alleviate this I pay the dividend, until the unit is delivered.

[ciuciu]

Up.

[ciuciu]

First dividend was paid today.

Enjoy!

[ciuciu]

Dividends paid.

Sold: 169 shares x 0.1= 16.9 BTC
Dividend Payment: 16.9 X.01= 0.169 BTC

Thanks everyone!

[ciuciu]

Up.

[ciuciu]

Dividends paid.

Sold: 169 shares x 0.1= 16.9 BTC
Dividend Payment: 16.9 X.01= 0.169 BTC

Thanks everyone!

[gabbynot]

Any plans to sell more, or are you going to be keeping it at 5000 shares for awhile?