Quote from: creativex on August 01, 2013, 07:45:20 PM

News:

Quote

bASIC-Mining Increases Hashrate

Dear virtual shareholders,

bASIC-Mining has increased it's hash rate by 15,000Mh/s to a total of 940,000Mh/s. This increase is the result of optimized cooling of the company's BFL gear and was accomplished with minimal associated cost. The company's currently active mining equipment is as follows:

(1) BFL Minirig SC

(4) BFL Single SCs

(3) Avalon 3 module rigs

(2) Radeon HD 6770 GPUs

(2) Radeon HD 7770 GPUs

In addition the company has a paid pre-order for (1) Avalon 4 module rig which is expected imminently. bASIC-Mining has a very strong balance sheet with more than 1100BTCs in reserve and daily growth fund contributions of 30% of mining revenue.

Cheers,

CreativeX

http://i.imgur.com/6w0Xn81.jpg

http://i.imgur.com/Hnj9y0n.png

https://btct.co/security/BASIC-MINING

Hey CreativeX,

Thanks for the awesome tinkering and the notification.

But, if your update is to try to recover the glorious share price once BM had, i will have to doubt the effect.

If you take our share price as 0.5 and Cognitive's share price as ~~0.48~~ 0.52.
According to the weekly dividend paid, I have found both securities are paying around ~~0.000702~~ 0.00281 dividend per bitcoin invested at the current share price.
What I am trying to say is that, our stock price is not significantly undervalued, comparing to similar companies in the same industry.
The free market has done its job.

What really needs to be done to pull up the share price is to make good use of the 1100+BTC, rather than advertising our huge reserve for months without purchasing anything.
Nowadays the price of ASIC machines have been dropping significantly, a 80GH Avalon can be bought at as low as 90btc. (which was around 130btc two weeks ago)
Therefore our reserve can buy us as much as 1TH/s hashrate. (which doubles what we have right now!)

If you really want the company's value to grow, I think this is the way to go.