All payouts around that time were miningunited for two days to make sure everything runs smoothly. Of course, they're all marked as "Spent". I bitcointalk the idea behind your miningunited. Only requests for donations to large, recognized charities are bitcointalk, and only if there is good reason to believe that the person accepting bitcoins on behalf of the miningunited is trustworthy. No point in paying bitcointalk fees when you don't have to. Submissions that are mostly about some other cryptocurrency belong elsewhere.
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Anyone else experience similar results? Now they are mining as an independent entity. Welcome to Reddit, the front page of the internet. This matters not-one-jot, except to shareholders. Reduces fees, increases his shareholder profits, and more importantly, drastically increases the security of the network. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted.
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AM really is a good company, I'm a shareholder myself. Make an account, deposit miningunited, click 'funds'. Reduces fees, increases his shareholder profits, and more miningunited, drastically increases the security of the network. I bitcointalk they were doing it initially for bitcointalk transparency. Anyone else experience similar results?
I got confused because google searches about the site brought up nothing, then after some digging i found you! Dividends are paid weekly in bitcoins. I doubt a dividend will ever be that high again. You should try reading some of the other comments including the forum thread instead of asking for a personalized explanation.
It's directed at me and everyone else who sees it. I'm tired of entitled noobs who want someone to thoroughly chew through the information for them, not wanting to do any reading whatsoever. Do us a favour and send your comments to advertisers using that logic. Not people asking for somewhat unknown information. This is not just some common knowledge and you don't have to be a prick. This is a good idea. Reduces fees, increases his shareholder profits, and more importantly, drastically increases the security of the network.
It's amazing what they've done. They have to sell to other people, to up their hash rate, so they can up their hash rate. That's how far ahead they are. Best stock I ever bought.
How do I go about buying in? I've been following for about a month now, and I'm finally sold. You can also purchase on BTCT. CO or bit funder. Sometimes, people in bitcointalk are selling their own direct shares for a fixed price, which is sometimes lower than the current market price.
These are passthru shares. Note, the passthrough funds are passthroughs literally because friedcat has nothing to do with their operation. AM really is a good company, I'm a shareholder myself. However, I don't think that this is a fly-by-night, any more than when the Google IPO came out, people pumped the crap out of it; and many people made a LOT of money from it.
And nobody garantuees this ROI. That very long ROI is if they keep their huge share of the bitcoin network for that long, which is pretty unlikely. Well, as bitcoin progresses towards being a real industry, you can expect returns to drop to realistic levels. Make an account, deposit btc, click 'funds'. Asic then search and boom. Waiting for deposited coins to show up, then I'm pretty sure I'll be funneling all my mined coins into this.
It's going well as far as I'm concerned. I put my mined coins in too, ahaha probably not as many as yours but Made point one from dividends and shares had a market value of 2. Oh no, quite the opposite actually - I have never owned an entire bitcoin. But I have kicked myself for not latching on to a good thing when I saw it before It all started with the Google IPO. Dude that's called a business cycle. What do you the people selling shovels during the gold rush did Stocks are traded on exchange, unlike ponzi schemes like the most recent MiningUnited and pirate40 for example.
They make no promises for the dividends rather than distributing a percentage of their profits for that week. I'm not sure where it sounds like a Ponzi scheme but good on you for being cautious. Come to think of it, that's probably the reason why burnside decided to sell partial shares, so that he can collect the dividends for those shares without needing to disburse his partial PT shares. You collect a proportionate amount of dividends with the amount of micro shares you own.
At least this is the case on HavelockInvestments and I would expect btct to be the same. I owned 50 micro shares last week and DID receive a divided. Enough to buy 1 more micro share, actually! Also, to answer Rhawk's other question, they are deposited into your balance and you can cash them out or use them to buy more shares.
They're usually announced Wednesday and received Th or F. I thought they were going to be monthly. If they are weekly, that's even better. Which one do I buy, why is this so hard to get an answer to, and why are people so unhelpful in this regard?
People are unhelpful because the shares are noticeably under-priced relative to projected revenues. They have a material interest in keeping the price down so they can profit more! Do I have to post on some forum or anything? I heard about posting to burnside or whatever, I'm sort of lost, I want to make sure I have full shares. Heh, I think I do? Also, they are PT shares. To buy shares where you have complete ownership I believe you need to go to the asic miner forum on bitcointalk.
Thanks for the input although I can't remember what it is. Nothing really changes for shareholders. Kind'a assumed they were taking miners out and to their own work, my bad. Was A dumb question. They are taking miners out of public pools and setting them up to solo mine in their own private pool. They save a few percent on pool fees and a few percent on most pools paying out slightly less than average solo mining profits due to difficulty lag.
It also means that payments will be varied. Some weeks they may beat the average and some weeks they may fall below the average. If your dividend payments spike or drop don't panic since it will eventually even out statistically speaking. Not a problem once BFL ships but who knows when that will be.
Why would they do that? Their entire business depends on Bitcoin being healthy. If weird things start happening like illicit transactions going through etc.
Yet they had no malicious intent and actually just wanted to mine with all of it rather than crimp their power. That's what I would do anyway. You wouldn't want to do that, at least not so visibly split your power between a bunch of IP addresses. A network with a majority in one pair of hands is not trustworthy, you'd be mining worthless coins.
Oh of course I wouldn't want to do that, but the biggest question is that, assuming I simply have these miners housed in separate locations, mining on unrelated accounts, contributing to different pools, not even linking back to the same bitcoin account They sell enough hardware on the market to other people to make sure it doesn't happen.
The only thing that still deters me to this day is that holding shares is no guarantee. They can be diluted in the future by the company issuing more shares.
Or now that they're not in a pool, would they consider merged mining? What are the cons of merged mining? They still are on BitMinter. They should try out mining at mmpool since it gives them even more things to merge mine and supports changing share difficulty, something they definitely need.
My understanding of merge mining is it adds a lot of bloat to the coins that support merged mining, because the non-merged-mining coin Bitcoin transaction log gets stuffed in there as "extra data", but the Bitcoin blockchain gets very little extra data one small entry I'd still say they should try it with a small part of their hashrate, as an experiment, on mmpool or something similar.
With that hashrate, makes me wonder why they weren't doing this sooner. No point in paying pool fees when you don't have to. I think they were doing it initially for the transparency.
People could look at the pool stats and confirm that what they were seeing matched the revenues reported. On the back of that they have now sold several hundred blades to customers. Their next step will be to grow the solo mine for higher returns plus the ability to develop and deploy their next generation hardware with less public scrutiny hash rate of the solo pool won't be visible to the public, only estimable from the number of blocks mined. I don't think anyone mentioned this here, but besides not having pool fees, they also benefit because they won't lose revenue from pool downtime.
Then there are the inconsistencies. Their servers section describes supposedly one server with 3 motherboards they supposedly run at their local datacenter. The website was registered last month for only one year from godaddy and the owner's information is hidden.
This doesn't mean much by itself but the basic idea just says ponzi unless they can prove that they are not paying back users with other user's money. I'm just putting myself in their shoes. Anyway, here is additional discussion which I have not read yet. If you use miningunited. It is posted clearly on their website under "contact". Update, transactions just came through over 2 days late and less than what they were supposed to be, shady, yet satisying.
I would treat it like a ponzi scheme, because it most likely is. So only deposit if you feel like gambling. To give due credit to miningunited as I truly hope they're not a ponzi scheme, my scheduled payout isn't for another days. BTW I stupidly upped by investment to Stay away unless you want to get burned. You can't even get on the site anymore. I've been trying to email the guy for a refund, and I have gotten no response. I provided transaction ID's and all that jazz. Of course, they're all marked as "Spent".
I only lost 1. Also remember that there was just a server maintenance to add in a few more rigs a few days back. All payouts around that time were delayed for two days to make sure everything runs smoothly. Support has always been more than happy to answer my questions and I suspect that many of the changes are due to my own feedback that I give them about positioning of information, rig orders, capacity, etc.
I have mentioned that their growth is a bit unsustainable, clearly shown from the payout variances. I have suggested reducing the amount of packages they take in so they would be able to buffer out some of those variances. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.
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