[ANN] CCMINER1000



  • @ccminer said in [ANN] CCMINER1000:

    @crutsy thx in any case I'll try to improve the current situation @RichBC has a point!

    Thank you for looking at this issue. I think it is very important to not have this constant reduction of Dividends for existing shareholders. I do not think it is necessary to look at it the way you are describing here.

    @ccminer said in [ANN] CCMINER1000:

    @RichBC Yeah atually there are several problems involved.
    I really prefere to do like this, maybe I can increase the drivers I'll buy in advance but release a lower ammount of shares (as I did before) ain't good for the investors, because the shares are always sold out and they don't have the possibility to buy at the original price of 10BURST (not everyone can wait several days) so in order to be a bit more democratic and try to please everyone I got to this conclusion, I hope you can understand

    It is just as important, perhaps more so, to look after your existing Investors as it is to attract new ones. The last share sale has not sold out so quickly and there are still shares available.

    I would urge you to do what I had thought you had said you do. Which is to prepare plotted drives ahead of the share sale and restrict sales to 150,000 shares. In that way there will be no Dividend reduction after the sale for the existing shareholders.

    If in addition to this you make large sales off the Asset Exchange I would urge you to release the plotted drives to match that investment and not release new shares until you have another batch of drives plotted.

    I also note that you have not added to the plotted drives for a few Days, can you give us an update on drive plotting?

    Thank You

    Rich



  • @RichBC Actually I prefere to buy more drivers in advance. For 2 weeks, before this release, there were not shares available at the original price of 10 BURST.
    Now I've plotted 25TB of the new 50TB bought in advance, once this batch will be sold out I'll add all of them, and I'll procede with a new purchase, and I'll try my best to buy 100TB in advance this time instead of 50TB, I hope I'll be able due to my private funds



  • @ccminer Why are you not adding more drives now. Surely we have 97TB paid for but not mining at the moment?

    Rich



  • @RichBC because I don't have them in my hands yet because they are not paid in full once this release will be sold out I'll prcede to buy them and to add the 50TB I bought in advance (25TB plotted already).
    It left just 17 000 shares I think today I'll procede with the new purchase.



  • @ccminer Surely you don't need to wait, why not add the 50TB of plotted drives now? You have sold 2BTC worth off the Asset Exchange and a large amount from the Asset sale sold immediately.

    I can see no reason for this delay, which further penalises the existing shareholders?

    Rich



  • @RichBC it depends on my deal with the supplier! As I do allow me to get the drivers with the biggest discount possible.
    later today I'll add 30TB once I'll finish to plot the 5 I'm currently processing.
    I hope you can understand that handling these numbers ain't easy, so many drivers and thousands of euros, I don't want to run and do mistakes, but I'll try my best, as I'm doing already to mitigate this issue, please be patient and you will see the results. I addressed your concerns already



  • @ccminer I understand and appreciate the amount of work involved in running and maintaining a rapidly growing Mining based Asset.

    I would say even more reason to take it a little slower. Stick to your new plan of having drives plotted and ready to be deployed before a sale, and if necessary delay the sale until they are ready.

    I think you need to do it this way going forward as it will take the pressure off and make you feel more in control, and I will stop pestering about the reduction in Dividends for current Shareholders :-)

    Just to quantify this for anyone who has not done the Maths, here is a comparison between ccm1000 & ccm100 on a like for like Dividend / 1000 Shares basis for the last 4 Days.

    CCM1000  CCM100
    10.5000	13.0306
    9.5842	11.8613
    5.7630	10.7190
    13.2422	13.2946
    

    You can see 4 Days ago just before the last release when ccm1000 was fully plotted they were as you would expect very close. Whereas in the Days since then you can see the big hit for ccm1000.

    Rich



  • 30TB ADDED TO THE ASSET!
    TOTAL CCMINER1000 CAPACITY:315TB
    TOTAL CCMINER100 CAPACITY:100TB
    TOTAL FARM CAPACITY:415TB



  • @RichBC In this case i would like to defend ccminer. As you can know it the ccm1000 is not yet at full potential. And as so you can expect this to happen when its grows! He is trying to grow the asset as fast as he can so you can expect this to happen untyl hes asset is going to reach full potential. So i recomend letting him doing hes jobb in this case so he can reach full potential faster. = your shares will grow in price too. and in between your getting dividends as well.



  • @potkas With respect I do not think @ccminer needs defending, in particular because I am not attacking him. I am merely requesting that going forward he sticks to the plan he laid out a while ago of buying drives up front and plotting them so that after a share release there is no dip in the dividends for the current shareholders.

    I also can see no justification for having drives ready for deployment and holding them back for several Days because the previous sale is not fully sold out, this against having raised over 3BTC with the off Asset Exchange sales and the sales that went through as soon as the Shares were released.

    He has now put up an additional 30TB and I hope we can get back to adding 20TB a Day until the TB paid for by Asset holders is Mining.

    For some Months this Asset is all about the dividends, so it's important that they represent the amount of TB that has been paid for. Also we need to remeber that the Block Reward reduces by 5% every Month, which along with Network Growth probably reduces the future mining returns by as much as 10% a Month, making the short term Dividends even more important.

    Rich



  • CURRENT BATCH SOLD OUT!
    I'M GOING TO ADD 67TB TO THE ASSET DURING THE NEXT DAYS (97TB TOTAL - 30TB ADDED ALREADY)

    In order to dress @RichBC requests today I've contacted already my supplier and he agreed to give me credit so tomorrow I'll receive 50TB for the current batch and 100TB in advance for the next batch!

    The next batch will be released once I'll complete the plotting and I'll add the remaining 67TB.
    I'm going to buy an extra PC for mining so in total I'll have at my disposal 6PCs (2 PCs for mining and 4 PCs for plotting).
    The farm is getting bigger and now is quite a mess but everything is working fine, I'm going to organize everithing a bit better during the next weeks and upload some new pictures ;)



  • @ccminer looking forward it :-)



  • @iKnow0 handling such a growth is gettin quite hard but is very exciting ;)



  • @ccminer said in [ANN] CCMINER1000:

    In order to dress @RichBC requests today I've contacted already my supplier and he agreed to give me credit so tomorrow I'll receive 50TB for the current batch and 100TB in advance for the next batch!

    Thank You. I am sure this is the way to go. Your credit will be good as you have 4BTC in hand from the recent sale. :-)

    Rich



  • @RichBC Well in the past 3 months I bought crazly from the dude so, I guess it was the minimum, I should be his best client at this moment ;)



  • @ccminer Ask for a discount or exchange for some shares.

    Rich



  • @RichBC unfortunatly not interested in crypto, too mainstream mind you know....



  • @ccminer said in [ANN] CCMINER1000:

    The farm is getting bigger and now is quite a mess but everything is working fine, I'm going to organize everithing a bit better during the next weeks and upload some new pictures ;)

    Keep the Farm tidy, always a good thing to do, looking forward to the pictures.

    BTW what address is the Farm mining on?

    Rich



  • @RichBC i think he went solo a while back



  • @iKnow0 Yes I realise that, but I assume you can still see the blocks being mined?

    Rich


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