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Showing 6 of 6 results by volavak
depends on how much capital you're interested in. Basically what you want to do is use the mining rig as collateral for a loan. You can create a security for such a thing on GLBSE, but GLBSE is adjusting their policies right now. But as long as you can provide proper identification and clear terms for payment (and what happens when you don't pay) you should be fine. It may be a bit expensive to do microloans on GLBSE. The setup fee is 8-15 BTC. But maybe Nefario may be interested in setup up a category for this kind of security with lower fees?
It would be no small IPO, I have over $50k held in the mining equipment right now. I guess that 15 BTC fee does not matter.
Please dont list on glbse to finance your debts.
Why not? It is actually how business work - you borrow so you can grow.
Re: Do you think that there is something funny about BFL's new ASIC
Adding some fire: https://bitcointalk.org/index.php?topic=114329.0
Thanks for the heads up.. Its because of people like you, the world is a better place 
You're welcome.
I thought about it more:
Do you know why they encourage paying with bitcoins?
Quote
Please be aware that your order date is set at the time payment is received, so we recommend Bit-Pay due to it's faster processing time as compared to bank wire transfer. When ordering via Bankwire Transfer, our sales agent will respond with the appropriate payment instructions so that you may make payment and complete your order.
Because BTC is much more easier to run away with than with cash. I wonder how many people actually paid by wire. Zero?
Do you know how many serious companies accept BTC?
Even if the CEO had legit intentions...
... he is doing illegal business! Remember he is under supervised release and even if HE won't run with your money, he could be arrested and sentenced. Do you know what will happen with your BTC then? Do you know that governments usually give a fuck about BTC because it is NOT A CURRENCY?
I myself was VERY excited about those BFL SC things (http://www.butterflylabs.com/products/), but it sounded too good to be true. I was one step before pre-ordering the Mini Rig 'SC' for just $30k, which could deliver 1TH/s (update -> 1.5 TH/s according to the website now!). You know what? Bullshit.
Is butterfly labs mining with those ASICs at the moment? (https://bitcointalk.org/index.php?topic=110290.0)
Hell no! Do you see some huge raise in hashing power? No.
Would it be beneficial to mine on their own devices? Hell yes! More than just selling them.
You know the true reason why they are not mining with them? They can't. They don't have them.
But they have already proven legit! They fullfiled the orders and delivered FPGAs!
Sure they have. Gained your trust. And will take them back. And you will pay even more. You will loose your working FPGAs and also money. Huge money.
They still could have runned before..
They could, but why would they? Establish trust. Then run away.
They could have stolen $1M.
Now they have $30M and the hardware. Many of you fell for it.
I still trust them.
Really? What about that the CEO is a fraduster, sentenced to 3 years in prison and is currently released and violating the terms?
As always, I feel terribly sorry for all you guys.
Is butterfly labs mining with those ASICs at the moment? (https://bitcointalk.org/index.php?topic=110290.0)
Hell no! Do you see some huge raise in hashing power? No.
Would it be beneficial to mine on their own devices? Hell yes! More than just selling them.
Quote from: Desolator link=topic=110290.msg1200110#msg1200110
If circumstantial evidence isn't enough, try simple business logic. The price is set at $149 for a 3500MH/s chip. At current prices, they would make $149 after about 10.8 days of mining! So why doesn't Butterfly Labs just run them for 10.8 days instead of selling them? Then they'd have $149 and the chips lol. I mean seriously, read those last 2 sentences again, people. You think they're not mining with them? I can't be the only one that realizes this. From a business perspective, if you had an investment that would pay off 200% in a month and you sell it off instead, you're a crazy person.
You know the true reason why they are not mining with them? They can't. They don't have them.
But they have already proven legit! They fullfiled the orders and delivered FPGAs!
Sure they have. Gained your trust. And will take them back. And you will pay even more. You will loose your working FPGAs and also money. Huge money.
Quote
Trade in terms: Qualifying trade in for upgrades can be either an older generation Mini Rig or 25 older generation Singles. Once your new rig is ready for delivery (currently scheduled for November), you'll be notified to ship your trade in units to us. Upon receipt we'll release your new Mini Rig SC for shipment to you.
They still could have runned before..
They could, but why would they? Establish trust. Then run away.
They could have stolen $1M.
Now they have $30M and the hardware. Many of you fell for it.
Quote from: squall1066 link=topic=89685.msg987282#msg987282
Total Orders (By last seen) 7678
Orders Tracked 227
Trade-In Orders 66
Units Sold
Jalapeno SC 225
Single SC 231
Mini Rig SC 21
Extended TH
Jalepeno SC 0.7875
Single SC 9.24
Mini Rig SC 21
Grand Total of 31.0275
Orders Tracked 227
Trade-In Orders 66
Units Sold
Jalapeno SC 225
Single SC 231
Mini Rig SC 21
Extended TH
Jalepeno SC 0.7875
Single SC 9.24
Mini Rig SC 21
Grand Total of 31.0275
I still trust them.
Really? What about that the CEO is a fraduster, sentenced to 3 years in prison and is currently released and violating the terms?
Quote from: elux link=topic=110805.msg1206567#msg1206567
September 15, 2010
UNITED STATES OF AMERICA v. SONNY VLEISIDES
...
The defendant is hereby placed on supervised release, effective immediately, for a term of three years under the following terms and conditions:
...
The defendant shall not engage, as whole or partial owner, employee or otherwise, in any business involving loan programs, gambling or gaming activities, telemarketing activities, investment programs or any other business involving the solicitation of funds or cold-calls to customers without the express approval of the Probation Officer prior to engagement in such employment.
UNITED STATES OF AMERICA v. SONNY VLEISIDES
...
The defendant is hereby placed on supervised release, effective immediately, for a term of three years under the following terms and conditions:
...
The defendant shall not engage, as whole or partial owner, employee or otherwise, in any business involving loan programs, gambling or gaming activities, telemarketing activities, investment programs or any other business involving the solicitation of funds or cold-calls to customers without the express approval of the Probation Officer prior to engagement in such employment.
As always, I feel terribly sorry for all you guys.
Hello all, I've been watching the forums and GLBSE exchange for some time and want to ask few questions. I own some considerably big mining rigs and considerable amount of money held in it. However lately I had some financial problems so first I thought of selling part of it. Then I came across GLBSE which could help me to solve the problem: I could get some money for shares sold and also keep doing what I like most.
I'd like to ask a few questions here before starting anything serious:
* There are already quite a few Mining "companies" running on GLBSE, would there be even a place and interest for new one?
* How does the verification procedure go? I don't want my ID scan and other details floating over the internet.
* Is it safe? Well, I guess it is, there wouldn't be so many listings if it weren't. Right?
Thanks.
I'd like to ask a few questions here before starting anything serious:
* There are already quite a few Mining "companies" running on GLBSE, would there be even a place and interest for new one?
* How does the verification procedure go? I don't want my ID scan and other details floating over the internet.
* Is it safe? Well, I guess it is, there wouldn't be so many listings if it weren't. Right?
Thanks.