Well, it’s time for Week 20. Over the last 20 weeks, we’ve seen some excitement and a lot of disappointment. I’ve also gotten really busy in my personal life, and gotten really bored with bitcoin. I’m not leaving the community or anything, but I think it’s time for GROW Coin to wrap up shop.
By now, according to my records, you should have received about .003 per coin since we started. My goal is to at least get you back to what you originally paid.
The current holdings of GROW Coin are:
AtrexTrade.com - $10.13 in principal that we can’t withdraw. It makes about $1 every 3 months.
25 CSCoin - Deprecated
4 EMC - Dead
2 MACM - Possibly Dead
21 Hashnest S4
20 Hashnest S5
200 Hashnest S7
.12BTC at Stakeminers.com
All of the assets that are still alive were purchased for a total of .68btc. The price of btc has risen since then, so the current value of the coins is much less.
Liquidating the Hashnest hash would bring us a little over .3 btc.
The .12 btc at Stakeminers should be able to be returned with little trouble.
The $10 at Atrextrade is untouchable.
So, I propose this.
I’ll personally buy the coins from the account for .7 btc.
I will work on liquidating the Hashnest stuff at the best price I can get, which should end up around .3 btc.
I will request the payout of .12 btc at Stakeminers, which should happen at the next payout.
I’ll personally purchase the Atrextrade account for .03 btc and continue receiving the small payout myself.
We also have .024 in the accounts that will be sent out.
This will result in 1.17 btc to be distributed among the coins. Dividing that by 200 coins ends up at .00585 btc per coin, which still leaves you about .0015 shy of breaking even. Once all is said and done, I’ll wrap things up with an extra dividend to see if we can’t make up for the loss.
Does this sound acceptable?