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[ANN] BearMining
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Author Topic: [ANN] BearMining  (Read 56267 times)

Azazel

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Re: [ANN] BearMining
« Reply #260 on: June 14, 2015, 10:31:02 am »

Please don't sell the Bearminig LTCGear-Account, printshop.

For the first time in these last 6 months I must agree. I strongly believe LTCG is a sophisticated Ponzi, but it will work out for those strong enough... I am pretty sure what guy did is just scarred people to death and bought those accounts 10x cheaper for their own money. Now, we all know he is public and has to risk everyday. But when he starts paying he will be super hero once again. Loved by hundreds (minus those miserable souls who sold). Holders happy, LTCG happy (probably owning huge mining operation with freshly bought ASICs). Those who sold - their own fault. Hold off for now. Let him by those 60-70% of the accounts, or what ever he wants.
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Ylluks

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Re: [ANN] BearMining
« Reply #261 on: July 22, 2015, 01:05:19 pm »

anything new to report on the bearmining accounts?

people here seem to have gotten their withdrawls
https://litecointalk.org/index.php?topic=26792.0
not sure if that only after paying the "fee" and what they mined after
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printshop

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Re: [ANN] BearMining
« Reply #262 on: July 22, 2015, 05:16:18 pm »

anything new to report on the bearmining accounts?

people here seem to have gotten their withdrawls
https://litecointalk.org/index.php?topic=26792.0
not sure if that only after paying the "fee" and what they mined after

Very few people are being paid, the payments have been traced to LBC so they're being mixed there or have nothing to do with mining.

Several people have concluded that he's paying out of the upfront fees he is demanding, which I would never pay anyway.

It's a moot point anyways since we sold out a few weeks ago. I'm transferring another $700 into NXT and sending it to bearmining tonight and will refresh the bid.

If you do not sell your bearmining shares by the end of next month I will use whatever funds remain to reinvest directly in proven community businesses such as coinomat. Investors had the chance to sell and buy accounts for equal value for several weeks now. Time for us to move on from this trainwreck and get some value for our money.

Ylluks

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Re: [ANN] BearMining
« Reply #263 on: July 22, 2015, 06:20:07 pm »

thnx for the info printshop :)
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semibaron

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Re: [ANN] BearMining
« Reply #264 on: July 22, 2015, 08:33:13 pm »

anything new to report on the bearmining accounts?

people here seem to have gotten their withdrawls
https://litecointalk.org/index.php?topic=26792.0
not sure if that only after paying the "fee" and what they mined after

Very few people are being paid, the payments have been traced to LBC so they're being mixed there or have nothing to do with mining.

Several people have concluded that he's paying out of the upfront fees he is demanding, which I would never pay anyway.

It's a moot point anyways since we sold out a few weeks ago. I'm transferring another $700 into NXT and sending it to bearmining tonight and will refresh the bid.

If you do not sell your bearmining shares by the end of next month I will use whatever funds remain to reinvest directly in proven community businesses such as coinomat. Investors had the chance to sell and buy accounts for equal value for several weeks now. Time for us to move on from this trainwreck and get some value for our money.

Probably the best way to go on. Thanks for the update.

Could you please name the businesses after you have invested in them?
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franckuestein

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Re: [ANN] BearMining
« Reply #265 on: July 28, 2015, 03:20:15 pm »

Thanks for the update, @printshop.
Waiting new announcements.  ;)
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printshop

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Re: [ANN] BearMining
« Reply #266 on: July 29, 2015, 04:01:22 am »

Thanks for the update, @printshop.
Waiting new announcements.  ;)

Our investments in Coinomat allow us to repurchase about 600 shares/week (investment value ~15,000 NXT).
Our investments in SafeHash allow us to repurchase about 1200 shares/week (investment value ~30,000 NXT).

Although this implies a P/E of 30, not completely unrealistic, keep in mind that things are going to kick into super-high-happy-fun-gear once the school gets built, as our SafeHash will then receive very significant payments from owning over 40,000 KNS shares. What I am looking for is something like increasing share repurchases to ~7,000/week just from the SafeHash investment alone, bringing us back to a P/E of 1 for all targets.

So basically the "plans" I outlined last year have been delayed by 8-10 months but are on track for after that. 8-10 months meaning I'm estimating october of this year for being able to safely start payments of this magnitude.

martismartis

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Re: [ANN] BearMining
« Reply #267 on: August 27, 2015, 06:39:05 pm »

anything new to report on the bearmining accounts?

people here seem to have gotten their withdrawls
https://litecointalk.org/index.php?topic=26792.0
not sure if that only after paying the "fee" and what they mined after

Very few people are being paid, the payments have been traced to LBC so they're being mixed there or have nothing to do with mining.

Several people have concluded that he's paying out of the upfront fees he is demanding, which I would never pay anyway.

It's a moot point anyways since we sold out a few weeks ago. I'm transferring another $700 into NXT and sending it to bearmining tonight and will refresh the bid.

If you do not sell your bearmining shares by the end of next month I will use whatever funds remain to reinvest directly in proven community businesses such as coinomat. Investors had the chance to sell and buy accounts for equal value for several weeks now. Time for us to move on from this trainwreck and get some value for our money.

End of month is comming. Any news about buyback asset for 0.1 NXT? See only buy orders by issuer bellow 0.1
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printshop

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Re: [ANN] BearMining
« Reply #268 on: August 31, 2015, 06:59:23 am »

End of month is comming. Any news about buyback asset for 0.1 NXT? See only buy orders by issuer bellow 0.1

I'll put up some more buy orders at higher prices (but still below 0.1), but if you have a sell order at 0.1 the first thing I will do is buy out those orders at that price.

The reason for this is market dynamics. I want to promote trading activity which will help offset the cost (in terms of time) which will eventually allow me to pay more than 0.1 for shares and to do more interesting things with the company. 0.1 is kind of like a line in the sand, you know that I am going to stand behind this company at 0.1 come hell or high water. But not on an hourly or daily basis. For example I just logged on today after something like a week, and I see a bunch of orders, which I will now immediately fill.

Anyways gonna go fill all orders under 0.1 now. I'll be back in a couple days or so to check again.
« Last Edit: August 31, 2015, 10:41:26 am by printshop »
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bitdraw

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Re: [ANN] BearMining
« Reply #269 on: December 01, 2015, 04:12:54 pm »

saw some activity on your other threads, any news on bearmining as well?

regards
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printshop

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Re: [ANN] BearMining
« Reply #270 on: December 01, 2015, 10:08:05 pm »

saw some activity on your other threads, any news on bearmining as well?

regards

The story on bearmining has been well-publicized... Investors will be repaid over time, and I don't really have the time or energy to run it as a going concern. I'm sorry then, for the lack of information but the fact is the business failed and that is life and that is the markets. Not every investment wins and not every failure is a scam. Unfortunately though I just dont get paid to watch over bearmining, so I just check in once or twice a month to buy back some shares, buy some more coinomat, or pay some dividends as time goes by.

As failures go, bearmining will be the highest paying failure ever, and you may even turn a profit some day. But not today :)

JamesList

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Re: [ANN] BearMining
« Reply #271 on: December 08, 2015, 06:14:28 pm »

What happend to the ltcgear account? I'm willing to buy the account for a couple BTC if not converted. Get in touch with me.
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printshop

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Re: [ANN] BearMining
« Reply #272 on: December 10, 2015, 06:58:45 am »

What happend to the ltcgear account? I'm willing to buy the account for a couple BTC if not converted. Get in touch with me.

I don't know why you keep asking this. Seriously, the sale was announced and completed months ago. How do you think we've been repaying investors?

You will never ever ever ever ever get any money out of LTCgear. I just checked litecointalk and it looks like he's paid like 1% of what he owes to keep people off his back. Seriously. He's still mired in the same old "maintenance" and "please wait" garbage as before. After all this time.

I should have sold the account last year when I could have got over 100 BTC for it. When I sold it I think I ended up with 15 or 20. It was all converted to NXT and used to buy back bearmining under 0.1/share. I also bought a reasonable number of safehash which will be used to repay investors over time. Even at that we are 20 times up from what other ltcgear account holders have so far.

Bearmining no longer has anything to do with ltcgear. Bearmining is now worth 0.1 by fiat. It is the best deal in the world to buy it under 0.1 NXT. People who are avoiding Bearmining because they think it has something to do with LTCgear are living in 2014.

Here is what you need to know: https://litecointalk.org/index.php?board=98.0 I don't know anything more than you do. The risk in bearmining was absolute, and this was stated from day 1. I don't have any special powers over ltcgear that you don't have.
« Last Edit: December 10, 2015, 07:12:04 am by printshop »
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printshop

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Re: [ANN] BearMining
« Reply #273 on: January 06, 2016, 08:50:47 pm »

January 2016 update:

All existing shares (~220,000 shares) listed at or under 0.1 have been repurchased by KNS.
An order for 100,000 shares has been placed at 0.1 NXT.

MANAGEMENT GUIDANCE FOR 2016:

Management guidance for 2016 is essentially the same as it was before. We will continue to support the price of bearmining at or above 0.1 NXT and we will continue to caution investors NOT to sell bearmining for less than 0.1. We also remind investors that our long term goal is to rise above 1 NXT, all the while remaining exposed to the cryptocoin mining and infrastructure sector.

BearMining is the best and safest investment you can make in order to be exposed to the cryptocoin mining and infrastructure sector today. Our past history proves this.

Good luck out there. More updates next month.

franckuestein

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Re: [ANN] BearMining
« Reply #274 on: August 31, 2016, 12:40:21 pm »

BearMining is the best and safest investment you can make in order to be exposed to the cryptocoin mining and infrastructure sector today. Our past history proves this.

Good luck out there. More updates next month.

yes, this thread has been inactive for a long time but is there any update or plan for BearMining?
thx!
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semibaron

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Re: [ANN] BearMining
« Reply #275 on: June 21, 2017, 12:04:09 pm »

dead?
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