Devcoin Forum

9th May 2013 - 3716 shares held publicly, each share paid 4.98833549 DVC
16th May 2013 - 4002 shares held publicly, each share paid 19.82263250 DVC
23rd May 2013 - 4,052 shares held publicly, each share paid 12.19846588 DVC
30th May 2013 - 4,152 shares held publicly, each share paid 21.64328893 DVC
6th June 2013 - 4,219 shares held publicly, each share paid 27.90894522 DVC - Total dividends paid in first month 354,905.78921214 DVC
13th June 2013 - 4,243 shares held publicly, each share paid 34.38255666 DVC
24th June 2013 - 4,243 shares held publicly, each share paid 20.23662303 DVC
26th June 2013 - 4,288 shares held publicly, each share paid 22.16528333 DVC
4th July 2013 - 4,364 shares held publicly, each share paid 28.93082151 DVC
11th July 2013 - 4,364 shares held publicly, each share paid 27.17240263 DVC
18th July 2013 - 4,389 shares held publicly, each share paid 36.57980507 DVC
26th July 2013 - 4,487 shares held publicly, each share paid 47.87741000 DVC
1st August 2013 - 4,509 shares held publicly, each share paid 28.89961953 DVC
8th August 2013 - 4,535 shares held publicly, each share paid 42.15266034 DVC
16th August 2013 - 4,609 shares held publicly, each share paid 39.37365188 DVC
23rd August 2013 - 4,659 shares held publicly, each share paid 23.45942115 DVC
3rd September 2013 - 4,710 shares held publicly, each share paid 29.37595357 DVC
**** Total Dividends paid so far = 2,052,510.92189518 DVC ****
10th September 2013 - 4,720 shares held publicly, each share paid 36.76760657 DVC

Second Dividend Payout

The second dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 19.82263250 DVC.

**Note the admin fee has been wavered this month

Fourth Dividend Payout

The fourth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 21.64328893 DVC.

**Note the admin fee has been wavered this month

I am thinking hard about investing some of my Devtome earnings into this but I hesitate because my understanding of mining is limited.  What makes this a better mining investment than others listed on cryptostocks (other than the fact that it is in Devcoins    )?

What else might you say to try to "sell" me on buying shares?

Thanks, that would be awesome!  I am definitely a nontechnical cryptocoin enthusiast

Anytime before July 1st will be great.

OK ran out of time all the time, so i'll make a start and add to this as I go along...

But this investment is on a Pass Through.  This basically means that this investment in devcoins is being made to posses a fraction of another share (ASICMiner shares)

Are you aware of ASICMiner?? https://bitcointalk.org/index.php?topic=99497.0

It was a company that decided to invest in the research of ASIC mining devices, and rather than selling them to the public, they offered a chance for people to buy shares in the company and dividends would be paid out once the ASIC devices were made and started mining.

ASICMiner was the second company to produce a working ASIC, and currently is the ONLY  serious miner on ASIC devices.. though BFL is producing more now and Avalon have shipped some devices, but non of these companies compare to ASICMiner.... ASICMiner is actually the only serious miner that I know of that is still SOLO mining as they have THAT much hashing power... nice little graph here:
https://blockchain.info/pools
Shows them currently on 20% of the total network hashrate!!

So the investment ASCMDVCPT you are getting the chance to spend your devcoins to buy 1/1000th of a ASICMiner share.

We hold the ASICMiner shares... when we receive payouts in BTC on those we put buy orders in on Vircurex and buy as much DVC for the BTC we have and then distribute the DVC to those that have invested. 

Your investment in this mining opperation is different from a lot of other mnining opperations listed on cryptostocks and other share trading sites as this is a direct investment in a company very serious about BTC mining and that currently has the mining devices hashing away for them.

Other investments are for individual setups of rigs, most who are STILL waiting on devices to arrive to mine on (Thanks BFL....) so your investment with them can be seen as a LOT riskier. 

Bear in mind though that the dividend payout is based on 2 factors then... 1) how much btc is paid out from ASICMiner shares (how well ASICMiner is doing) and 2) the value of DVC to BTC (how well DVC is doing)  Note that there has been an increase in the BTC payout from ASICMiner, and a decrease in the value of the DVC, hence this means that there will be the maximum possible increase on the dividend payout, so it has been very good times for the investors in this listing as they have been getting more dividends this is probably a reflection on the increase of the stock price.

Your could decide to invest in ASICMiner and buy your own BTC shares.... however we wanted to support devcoin and offer an alternative currency to invest in the largest single BTC miner in existence atm.  Also by this investment we aim to offer some buy orders on the DVC side of Vircurex trading to try to stabilize the price a little, and offer an alternative use for peoples DVC rather than just cashing them out straight to BTC.

Ok hope this answers some questions and raises a few more, so please feel free to ask anything else if you would like me to explain further

FuzzyBear

Yeah cryptoctocks have had a few little hic ups like this... is disappointing and frustrating, I have messaged on the main Bitcointalk thread but will have to see how long it takes them to resolve it.... I can't access any of it

And yeah honestly READ up on ASIC's tonight!! they are starting to flood the network with their superior hashing power, so expect much much turmoil on the difficulty of all SHA-256 coins and their value.  There will be a lot of unhappy strarting off miners investing in GPU's thinking they can see a ROI on their cards they have just bought... but only script coins will be left for them to mine in any sort of break even on electricity... but even those are worthless or have high difficulty.... but feel free to ask any questions u like and i'll see what I can answer... been in the ASIC race since august 2012 ... been a LONG old journey but the end s near and surprised that the number of people into BTC and no knowledge or little of ASIC's ... (not you as u are not a miner, but others who jumped in and bought rigs with little or no thought on what the network hashrate was gonna do and where the technology is at..)

FuzzyBear