[ANN] CCMINER1000
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@Dillion said in [ANN] CCMINER1000:
@BrandonAyLmao
I completely understand that however at current rate minus rising difficultly minus lowering block rewards minus the asset manager issuing shares for half what original investors paid minus the asset manager not reinvesting himself....I will probably never get a full ROI.... This is much more relievent to a crowd fund than a asset. Every time he need a few dollars for something he going to be issuing assets destroying our value which is now basically 0 per shareFrankly, this was a crowdfund for a long time...think about it: you(the crowd) pay in advance to get(fund) the gear to be used - that's a crowdfund.
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@thomeefl69 thats how i look at it, We pay for stuff he deals with all other stuff. The price per asset will recover overtime.
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@ccminer I hate to be this guy but....
This is quoted from the OP
"All the "extra expenses" like costs to purchase a new PC, cables, usb hubs, and disk doks, will come directly from my pocket!!"
I would think a power supply would be part of this.
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@BrandonAyLmao Problem is, if each time it recovers he issues more shares at lower prices (due to the increase in Burst, etc.), then we will never truly gain any value in the assets we had originally purchased. I don't think it's fair that he's artificially adjusting the asset price down, just so he can make a quick sale and get additional parts quickly. Very disappointed right now.
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@ccminer said in [ANN] CCMINER1000:
@hudriwu As discussed before (I mean days before) I do not decide the price the market do, I have been told like this!
So I act as the market want I put a sell order yesterday for 4.5 the price went down to 4 and so I adjust according to the marketSo what are you going to do now that there are sell orders at 3, put up your sell order at 2? What you have done is very wrong and has gone completely against what you have in the OP.
We are however seeing a massive rise in the value of Burst and that has caused all Assets to plummet in value as people try to raise Burst to sell. You should have been sitting this out until the Market stabilises, instead of making a unilateral decision to go against the OP and further trash the share price.
A very unhappy long term supporter and shareholder, who has now completely lost confidence in the Asset Manager.
Rich
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i think the jump has def hurt the assets, it is something no one expected. assets from now on have to be "somehow" and no idea how it can be done. But have some sort of way of also protecting the issuer when everyone jerks all the funds out. some sort of hold for so many months? i know that is a deterrent but it may be necessary on some assets
I think in cases like mining assets, once the gear is bought. what is the need to have the issuer sell at a lower price if all equipment is bought? but seems to me once equipment is there, start mining and pay out.
i had sold my shares in both the 100 and the 1000 when NEWS scammed us and then the forum split, so in a way i am glad i did at this point.
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Well, the intention was to sell more shares to raise funds to expand into gpu mining to boost the asset. This was a great idea, but I think our asset manager wanted to get it done a bit too quickly. Especially now that Burst is seeing prices it deserves (fucking awesome btw!!!), assets (nearly all assets) are seeing dumps.
IMO, this asset might be better served by simply waiting things out. @ccminer announced a few days ago all TBs have finally finished plotting. With the crazy market and AE unrest, maybe it's best to just mine with what we have until the whole market stabalizes a bit. At least from my end, there's no rush to expand ventures quite yet, especially if we need to "rock the boat" to do so. :)
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Im back with a much cooler head. SOrry ccminer for being such a nut job.
As one of the top holders of this asset what I would like to see is the earnings going toward buying shares back off the exchange for no more than 10 per share. This will give us opportunity to liquidate at what were willing to liquidate at and you'll have the miners all for yourself in the end. I can't do the math right now but i'm sure it will take forever.
Maybe even do a 50/50 split. Half earnings to dividend and half of earnings to buying shares right off the exchange. Something drastic needs to be done to pull this thing back out of the gutter.
all peace and love to you and your family ccminer.
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@Dillion The asset is not closing if you want to liquidate you can use the AE.
If you keep a normal behave I'll reply to you!
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I'll sell you 10k shares for 7 coins each right now. Would you like?
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@Dillion I'M not buying back now but there are some buy orders at the AE.
How many shares do you have?
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10k plus
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I see I think you will be able to sell at the AE with a bit of patience
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@ccminer I would like to return to this post made by tross earlier. at the time I ignored it but went back and checked it out. I think it deserves to not just be fobbed off with your "scroll up and read" response.
@tross said in [ANN] CCMINER1000:
Somebody brought this to my attention. "so now he has 315TB mining and he still owes the community 172TB they paid for"
Ok I know things in real life can happen but you need to be honest to your investors! You made a promise to
your investors to get the equipment and follow the OP. Changing the value of your product is also breaking the trust
between you and your investors. But it never too late you can fix the problem and regain most of it back.Just to spell out what these posts show.
Jan 31st has you reporting that ccminer1000 has 180TB but should be 285TB
Feb 4th confirms ccm1000 has 285TB.
Then later on Feb 4th you report that the Share sale will pay for an additional 50TB and the investment from CtrlAltDel will buy an additonal 47TB.
My maths makes that 285TB + 50TB + 47TB = 382TB
Whereas with all the drives plotted you are only reporting 315 TB for ccm1000, which I make 67TB short of what has been paid for?
So I may well have missed something in the 12000 posts here but please show the Shareholders the maths and posts that justify your 315TB for ccm1000?
Rich
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@RichBC yeah you missed I wrote that the current 415 TB is what I have been able to purchase. With the Increase price of Hdd and delivery I could not purchase more.
But we are talking about months ago
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@ccminer OK can you link me to the post that explains that? But that said since when have Hard Drive prices gone up? In my experience the price trend is always down.
Rich
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Can everyone stop please. @ccminer has spoken and he has the last say as he runs the asset. As investors you have the option to sell. The market is a little rocky now so you might have to wait it out but as long as his asset is still operational he has no obligation to buy out. I would suggest you @ccminer to post your books and let everyone see for themselves.
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@newsense2004 Stop what? As investors we also have the right to ask questions.
Rich
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@RichBC It could have been done in a more professional manner.
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@newsense2004 If you are going to make comments you need to be more specific about the points you are making. What are you suggesting we stop and which "it" are you referring to?



