i know there was a pay out on October 28 DId anyone get paid if so how much per share?

how much payout per share? will it be the same on every payout or diffenent? why are people losing confidence in banxshares price was about $1 now went to .60 cent

Thank you for rast replies I have couple more questions....
1. so lets say the company is at a loss one month nobody gets paid?
2. how shareholders know how much profit/loss have occured?
3. how much per share for the month october is the payout?

There is also a new forum opening dedicated to all things Banx, so for your dose of information and anything Banx related head over to http://www.banxforum.com and register, its quick and straight forward, look forward to seeing you all there and we will be packing it full of info as quick as we can , any questions will help us along in our mission

I've had chance to read Mark's book. It's very interesting.

I did ask some questions but I think they have been lost in the thread.

1. Simon, are you buying bitcoin and litecoin at current prices and do you personally own a lot of these coins?
2. How many bitcoins did BanxMining mine in October 2014?
3. If you are moving your mining operations abroad, how long will this take and how long will the mining be offline?
4. What is the get-out plan? If bitcoin continues to decline against the USD to, for argument's sake, $50 then surely you won't be able to mine it profitably so at what point will you call it a day?

Hi Merribourne,

Sorry about that, here are my answers for you.

1. I am buying as much as I can at the moment as it is a great price on BTC, I don't own that much LTC as I prefer to hold BTC personally but then I do do some trading between the two as the markets swing...
2. In October we mined just over 4 BTC but we haven't really started the full mining operation. These are the machines we currently have but as we start to sell more contracts this will obviously increase. Our marketing for BanxMining is about to come online in the next few days so we are about to really start ramping things up. We are currently waiting on a delivery of new machines as well which will ramp up our mining operation.
3. We are aiming for as little downtime as possible as we aren't actually shipping our miners over there but buying new machines to install over there and then will be selling of our machines over here so it should have little effect on the opperations.
4. with regards to that we are also mining alt coins based on which one is the most profitable each day so even if BTC hits a lower price we are still covered by the profitability of the alt coins we are mining. Some of these are SCRYPT and some of them are SHA.

I hope that answers your questions somewhat but feel free to keep asking more. If you head over to banxforum.com then you will be able to ask them in there and the whole team is monitoring the threads in there.

Thanks

Simon

I don't think this is going to happen, i personally see BTC at a low $290 natural level. but yeah we continue to be small enough to adapt to moving circumstances.

re the $290, no no other reason than my own feeling.

Im personally confident we will see a $1,000 steady bitcoin in the coming months.

re mining, its a changeable thing, our entire business model is and going into 2015 everything is designed to be fluid.

Re our current mining, we run of wind power so our overheads are very low, we are about to scale up our mining in a new location too

how much did u recieve per share? proof?