Hi xhomerx10. You're correct in that the GPUs are not very profitable even with middlecoin. I'll have to go over the numbers to determine if/when they're a losing proposition. At least they've been hiccup free for some while so I've not had to devote any time to keeping them running.

Cheers.

Hi AbendWind. Fundamentals are not driving the share price, market psychology is. Yield is over 30% based on the 24hr average and today's dividend payment and we still have the resources to continue outpacing difficulty increases.

Cheers.

The market is made up of people. And people are influenced by a number of factors. Usually, greed and fear.
So, to honestly answer your question: No one can tell you exactly why the shares are priced the way they are.

Past examples:

Lately, the price has been going down. This is mostly due to so many new companies offering shares for the first time (IPOs). People want to "get in on the ground floor and ride it up." In order to get funds to do this, they sell shares they have in existing companies (like bASIC-MINING). As more people sell, the price goes lower and lower. Is it gambling? Sure, but it's also investing... high risk investing, but investing. (Greed)

The price of bASIC-MINING has also sharply risen when creativex announced new equipment added to the asset. This makes sense as more equipment means more dividends. (Greed)

The price tanked when there was a hint of chance that the US government would introduce regulation. (Fear) This blew over and the market gradually recovered. (Mostly)

Thank you for explanations.
Carnth, you are right.
But take a look at today basig-mining share prices dymanics, and you`ll see a deep minimum at 0.22.
But there were no government announcements, no news from creativex, no bad weather )))

Shares outstanding. bASIC-Mining has 51,625 shares outstanding post 10:1 split(+minirig SC purchase). bASICally our share price is close to lapping our competitors' as it's up 720% since the first share was sold. A purchase of 1 share of bASIC-Mining for .33 on 12/17/2012 would now be worth 2.7069(10*.27069) based on the 7dAvg and would have returned approximately .09BTC in dividends as well. I won't even attempt to calculate the return if DRiP had been enabled as soon as it was available as my maths are not that l33t.

I believe I mentioned protecting and increasing shareholder value in the original contract. Eight months later I remain committed to this concept.

Cheers.

Hi stslimited. I can add about 50A more draw on the facilities I'm currently utilizing before I'll have to add more infrastructure. I have more property now that I can utilize if necessary, I'm just trying to not get too spread out. Also colder weather will soon begin to allow me to cut power drawn by AC which will allow more power to be fed to mining gear.

Cheers.

Pfffft...

I sold the washer and dryer long ago. Their hashrates left a lot to be desired.

Reinvesting those unused funds into AsicMiner paid off very well too got to get in on some very high paying divid weeks!  I can't wait to see what this reinvestment money gets spent on come October when all this "new tech" comes out.

Live: http://www.basic-mining.com

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Drop comments in mailbox: demzie@basic-mining.com
Have any FAQ idea's? Drop FAQ entries in mailbox: faq@basic-mining.com
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There are still a few pages i want todo but those need input from the management

- About bASIC-Mining (Written as a story)
- Our Goals and Future
- Portfolio page (Just great pictures of bASIC-Mining Hardware collection)
- Maybe more pages based on input from you or the management ofcourse

The todo pages will come with time and planned urgency as management will decide

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