ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2012, 05:10:26 PM Last edit: August 08, 2012, 05:23:11 PM by 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
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2012, 05:55:38 PM |
|
What will happen if the Mini rig SC never arrive?
|
Moving on is a simple thing, what it leaves behind is hard...
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2012, 06:03:05 PM |
|
What will happen if the Mini rig SC never arrive?
Never thought of this! Let's ask GIGAVPS or Inaba ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) What do you suggest?
|
|
|
|
der_meister
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2012, 06:12:18 PM |
|
If I know...may be some kind of partially insurance ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I like the idea of 1% weekly dividend. Tbh, I will buy 200-300 shares ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
Moving on is a simple thing, what it leaves behind is hard...
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2012, 06:14:44 PM |
|
If I know...may be some kind of partially insurance ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I like the idea of 1% weekly dividend. Tbh, I will buy 200-300 shares ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I will ask CPA for a quote on insurance. Thanks.
|
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2012, 04:19:48 PM |
|
Up for more interest.
|
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 04, 2012, 07:08:41 PM |
|
Up for more interest.
|
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2012, 04:15:38 PM Last edit: August 05, 2012, 04:31:27 PM by 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 (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 06, 2012, 11:00:20 PM |
|
Up for interest!
|
|
|
|
purplesquid
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 116
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 06, 2012, 11:55:50 PM |
|
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 (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 07, 2012, 12:16:02 AM |
|
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 (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 08, 2012, 05:17:45 PM |
|
Now live on GLBSE!
|
|
|
|
segabtc
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 11, 2012, 03:57:17 AM |
|
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 (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 11, 2012, 04:04:59 AM |
|
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 (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 13, 2012, 12:52:08 PM |
|
Up.
|
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 10:38:31 PM Last edit: August 22, 2012, 04:54:52 PM by ciuciu |
|
First dividend was paid today.
Enjoy!
|
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2012, 04:32:16 PM |
|
Dividends paid.
Sold: 169 shares x 0.1= 16.9 BTC Dividend Payment: 16.9 X.01= 0.169 BTC
Thanks everyone!
|
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 05, 2012, 12:50:52 AM |
|
Up.
|
|
|
|
ciuciu (OP)
Donator
Hero Member
Offline
Activity: 588
Merit: 500
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 05, 2012, 04:48:36 PM |
|
Dividends paid.
Sold: 169 shares x 0.1= 16.9 BTC Dividend Payment: 16.9 X.01= 0.169 BTC
Thanks everyone!
|
|
|
|
gabbynot
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 25, 2012, 06:21:22 PM |
|
Any plans to sell more, or are you going to be keeping it at 5000 shares for awhile?
|
|
|
|
|