[ANN] CCMINER1000



  • @ccminer Well all I can say is that with every drive I have bought for my miner as time has passed I have either been able to get the same capacity at a lower price or more capacity at the same price.

    Now what about a link to where you told us that ccminer1000 383TB was going to only be 315TB?



  • I live here in Europe so why does it go up where he is at and not where I am. Sounds like an excuse and I was told I was embarrassing myself lol You are destroying your credibility ccminer! Come clean with these burst prices hdd are cheap.



  • @tross and again this is what happened, and it is what it is, no need to extra words



  • @newsense2004 how many hundreds of thousands of coins do have invested in this asset? Right..shhhh.



  • Excuse me if my calculations are wrong but it appears your selling about $6k u.s worth of issued assets at 4 coins per share.............. Can you please explain the reasoning behind this?



  • @Dillion You are right I'm removing that order that was placed originally at 4.5 BURST 3 days ago (following the market price as investors suggested here) when the price was a lot lower than now and everything was ok!
    Than I lowered it to 4 BURST following the market and the folks didn't accept it and start to crucify me. You calling me Mother fucker and such.....

    Than the price of BURST rised a lot and the price of the asset lowered even more (not because of me!!) following the logic that some investor suggested me I should accept the market price, because the market decide the price, and lower my selling order even more! But I do not want other BS about this so I simply remove that sell order that created so much noise...



  • @ccminer My asset sold shares during the rise and I never lowered the price. I feel like you do, the market determines the price but original share prices are set by the issuer and investors need to understand if an issuer needs to change the price due to market flux.



  • @ccminer said in [ANN] CCMINER1000:

    (following the market price as investors suggested here)

    You have completely misunderstood what is meant by the Market setting the price. You are not the Market, you are the Holder of the Asset. So don't try and defend your stupid actions by blaming it on the investors.



  • @ccminer

    Put yourself in my shoes. You sold me 10k shares at 10 coins each just a few months ago.

    Now with those new issued assets you are essentially telling me that my investment with you just a few months ago is now worth 60% less even though the coin your mining is up almost 1000%. Your asset could be increasing in price if you'd do right. PLease!!! never again issue new assets under 10each please take your own advice that you tried to give me and be patient.



  • @RichBC STUPID no! You are stupid because you were one of the geniouses to suggested me to follow the merket so.. stop



  • By the way the order will be deleted and no more will be issued



  • @ccminer

    One last thing just want to say as original investor that original issued asset price is like the holy grail. When you start issuing new assets cheaper you are chopping my head.

    Please look at it this way. If price of Burst goes to $10 u.s per coin. And you want to expand with a 4tb drive that cost $100. In this case all you would need to do is issue one new share at 10coins......Please look at what I'm saying and follow a similar model. This is how you raise and hold value through a massive sell off. The value is being raised because previous investors are getting 4tb for only one share being added.



  • @ccminer said in [ANN] CCMINER1000:

    @RichBC STUPID no! You are stupid because you were one of the geniouses to suggested me to follow the merket so.. stop

    Again you misunderstand. All I said was that the Market will set the share price, as we have seen during this price rise and then as reaction to you putting shares up for sale at 4.5 and 4. At no time did I suggest that you went against the OP which states that Shares will be sold at 10.

    If you had wanted to do release of shares contrary to what is in the OP you should as a at least have asked what the shareholders thought?

    Replacement PSU should be funded by the Asset holder and should be done immediately in order to keep the paid for asset working at full capacity.

    You have also not responded to why it took so long, 3 Months, to get the full 315TB mining, and are also ignoring the question on the missing 67TB?

    0_1494708114867_Shortfall.jpg

    Here are some later posts than the ones previously put up again clearly showing you reporting 315TB mining and then that you would add 67TB "in the next few days".

    I have completely lost confidence in this Asset and if you look at the people wanting to sell Shares at less than your latest price of 4 you will now see that a lot of other Shareholders have as well.

    With the current rise in Burst prices you should have put expansion on hold and put all your effort into squeezing as much burst from the Miners as possible, particularly as it is worth so much more now.

    This strategy would I suspect have been supported by your long suffering Shareholders, if they had only been asked or given the option.

    Rich



  • @RichBC I always respected you. I'll try my best to keep doing so, you lost confidence in this asset, you told so yesterday and I said you that the AE is open 24/7 and no one is stopping you to dump all of your shares, after this come here every day (10 times per day) is a waist of time



  • @ccminer Asset exchange is open but now is not the time to sell or to be raising funds at silly low prices, you need to let the market stabilise and people return to buying Assets as opposed to rushing to sell their Burst.

    As ever the main reason I have posted a number of times is because you do not answer any of my questions, so I repeat them.

    Rich



  • them issued assets at 4 are still up been like a hour now....



  • @Dillion Dude I said I'll remove ok take it easy! You will get 0 bonus if I remove it now or tomorrow!



  • @ccminer OK I will make this sorry tale my parting shot.

    If you are going to successfully manage an Asset you need to learn that it is both about managing the Asset and the Shareholders.
    Your lack of answers to my questions and response to @Dillion above are good examples of how not to do this.

    12 days ago you made a post stating clearly that shares would be sold at 10.

    @ccminer said in [ANN] CCMINER1000:

    THE SHARES WILL BE SOLD AT 10 BURST AS USUAL, SO I SUGGEST YOU TO PURCHASE NOW FROM OTHER INVESTORS MEANWHILE THE PRICE IS SO CHEAP!
    IF THE PRICE WILL NOT GET BACK TO HIS ORIGINAL AND FAIR LEVEL OF 10 BURST AND I'LL NOT BE ABLE TO SELL ANY SHARES TO EXPAND CCMINER OPERATIONS, I'LL REMOVE THE GPU MINING, AND I'LL RETHINK ABOUT THE WHOLE ASSET SERVICE THAT I'M CURRENTLY OFFERING!

    Luckily, the market has already began responding. As of now, we're a short throw away from 10 Burst/share. :)

    You can see here that @IncludeBeer commented that the market had responded favorably to this.

    Part of the reason for this is explained in an exchange of Chats between myself and another longstanding major shareholder.

    0_1494713801208_FW-anon.jpg

    At that point I had purchased a couple of thousand shares at 8.9 and 9.

    We then see this from @Gibsalot

    @Gibsalot said in [ANN] CCMINER1000:

    the market has spoken we are at 10 per share ... and almost at 11 per the last of the 10s are going fast

    You then posted

    @ccminer said in [ANN] CCMINER1000:

    @RichBC @Gibsalot @IncludeBeer

    Thank you guys (all of you!!), that is what I hoped for the asset as this time!
    This surely push me to not give up and keep the hard work to offer you a good investment opportunity, alternative to the ones that come from BN!

    Later today or tomorrow I'll calculate how many shares are left overs and I'll give the GPU expansion expectations.

    So basically the scene was set for you to release Shares at 10, however you did absolutely nothing for 10 Days during which time the momentum was lost and we were hit by a rise in Burst price.

    The next post from you was an ultimatum.

    @ccminer said in [ANN] CCMINER1000:

    Yesterday the PSU of my secondary PC stop working (it burned !!), I thought I could fix it, but it is gone !!!!
    So Now we are short 92 TB again and everything is on hold, because even if I'll receive the new HW tomorrow, probably untill next week I'll be not able to get a new GPU to put everything online!

    Now I'm forced to use the mined coins to purchase a new PSU, or I'll release new shares today for a 3 GPU rig plus PSU to speed up the asset upgrade, and the payout will continue with the mined coins.

    Please let me know

    Immediatly followed by your decision.

    @ccminer said in [ANN] CCMINER1000:

    ok I decided to proceed as follow:

    I'm releasing 135 000 shares for 4.5 BURST each

    With these money I'll purchase a new and better PSU for BUST mining and a full 3 GPU (rx 480 4gb) RIG (1 MOBO, 1 CPU, 1 SSD, 8 GB RAM, PCI EXPRESS RISER, 1 PSU) To this rig I'll connect 28 HDDs of my BURST farm, like this there will be 3 PC for BURST mining that will increase the reading speed and efficiency, and 6 cards for GPU mining!

    Rigth now because of the PSU collapse I'm currently mine with 250 TB and 1 GPU!

    If the shares sales will goes well I'll keep process the daily payout and use the money from the shares sales to purchase the HW, else I'll use the mined coins to speed up the HW purchase and get back on track faster, in the second case the daily payout will be suspended and used to purchase new PSU and it will restart when the full 415 TB will be up and mine

    So now perhaps you will understand why you have a set of disgruntled and disillusioned Shareholders. The rest as they say is History.

    Rich



  • @RichBC nice job!! I hope after this you will stop!
    Enjoy the payout that is going to come if you still have some shares



  • @ccminer Again a rubbish answer from you. Why don't you give a proper response, answer some questions or explain why you took 10 Days, which is a lifetime in crypto, between announcing an intention and carrying it out?

    And yes I still have shares, they are not worth selling at the moment, which is why I am still attempting to get you to do a better job of managing your Asset and the Shareholders.

    Rich


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