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Title: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: rastapool on April 18, 2012, 09:41:48 AM Dear miners and investors, I want to offer you my mining bonds.
What I offer: bonds, 1Mh/s each, currently only 2500, but I will increase this amount over time. Payouts at least 105% PPS, and at least once per week. The bond will never expire. I reserve the option to repurchase bonds at 110% of the highest traded price over the last 15 days. ASIC update path Quote Once BLF will start selling their ASIC devices, I'll buy them. And once, I'll start recieve bitcoins from the ASIC miners, I'll increase my bonds payouts in 6 times, up to 630% PPS. Also I'll create a new mining bonds with 4x that value (25.2 mhs/s 100% PPS) and will offer 0.12 BTC update from the JAH to that bonds 1:1. Why don't I make BFL-preorder? Because it's just a money locking, it's sensless: there are no way to produce a few ASIC chips. If BFL will success, then they will have at least tens of thousands chips, or even more then 100,000. This is totally different situation compared to BFL FPGA devices. In their interest to produce and sell the devices as quick as they can. So I decided to not make preorder, but wait. When and if BFL will success, I'll buy their ACIS devices. Also as a backup option, I already bought ASICMINER shares. So, if ASICMINER will pay for shares before BFL success I'll also will start my update. Once I'll start recieving bitcoins from ASIC miners, I'll offer updates: Free: 1 Mh/s 105% PPS Rastamine bond will update up to at least 630% PPS. Paid: 1 Rastamine bond + 0.12 BTC for 1 at least 25.2 mh/s 100% PPS bond. Where my postASIC bitcoins will came from: 1. I'll order ASIC devices from BFL, once they'll start selling it. 2. I already have ASICMINER shares. *If BFL devices will have speed/price lower than 80% from anounced, I'll change my offer. Also if ASICMINER will pay less then 80% from anounced, I'll change my offer. About Me I'm Ukrainian miner. Most of you don't know me, but currently I'm working on obtaining the "verified" status on GLBSE. https://bitfunder.com/asset/JAH https://bitfunder.com/asset/RTM [RTM] https://bitcointalk.org/index.php?topic=77121.msg2017875#msg2017875 Quote The holder of these bonds will receive as coupons a number of bitcoins equivalent to 100% PPS output of 25.2 MH/s per bond, for as long as they hold the bond. Dividends Dividends are paid at weekly or more often in bitcoins. BuyBack The issuer can buy back the bond at any time at a price equal to 105% of the highest price the asset was traded on BitFunder over the prior 360 hours. I'm reading this forum more often than my e-mail. So if you sent e-mail, please send me also PM with notification. Ore just use PM directly if message it allows. Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 18, 2012, 09:43:03 AM Q: How much mining power do you really have now?
A: Currently I have 5 Gh/s. Q: If some of your hardware breaks down, how could you pay the dividends? A: I have enough own hardware to cower this situation. And I have more than 100 BTC in reserve in case contingencies. first payment: 2012-04-26 at 00:01. Payment for period from start to 2012-04-25 23:59 UTC Code: Payment date | Total paid | Shares paid | Payment per share Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: friedcat on April 18, 2012, 10:09:13 AM Could you give an estimation on how would your shares be priced?
How much mining power do you really have now? If you only have 2.5GH/s, if some of your hardware breaks down, how could you pay the dividends? Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: Raoul Duke on April 18, 2012, 10:12:52 AM Could you give an estimation on how would your shares be priced? How much mining power do you really have now? If you only have 2.5GH/s, if some of your hardware breaks down, how could you pay the dividends? Perhaps he's using the money from the bonds sale to buy more mining hardware, no? Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: friedcat on April 18, 2012, 10:14:37 AM Could you give an estimation on how would your shares be priced? How much mining power do you really have now? If you only have 2.5GH/s, if some of your hardware breaks down, how could you pay the dividends? Perhaps he's using the money from the bonds sale to buy more mining hardware, no? Maybe, but the current OP gives so little information. Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 18, 2012, 10:19:42 AM Quote Perhaps he's using the money from the bonds sale to buy more mining hardware, no? Now I have 3.5 + 1 (in near future) without money from bonds. Yes, I will use money from bonds for future purchases.Quote Could you give an estimation on how would your shares be priced? Considering market prices, I think 0.3 or close is a good price.Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: friedcat on April 18, 2012, 10:22:32 AM It seems that mining bonds are becoming a money making machine for bond issuers. I understand people's craziness to buy them, but it is very unprofessional to just throw out some data in the OP and wait for shining coins from bidders.
We would be very happy and consider buying a considerable amount of them, if you could answer these questions: 2. If the answer to 1 is the former, could you put some pictures of your mining rigs and the transaction data of your mining pool online? 3. Do you have backup plans for emergency? Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 18, 2012, 10:35:19 AM Quote Could you put some pictures of your mining rigs and the transaction data of your mining pool online? Soon I'll show you pictures of my rigsTitle: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: Sukrim on April 18, 2012, 11:15:12 AM Why "at least" 105% PPS of 1 MH/s and not 100% PPS of 1.05 MH/s? ::)
After all you have to think about the fact that after ~1 year (or a bit more) you'll have to mine completely for free to bondholders - indefinitely or until you buy back bonds. Are you really up for this or do you just want to get a cheap loan so you can order some BFL equipment and after a few weeks/months buy back? Maybe think of ways how you could convince me (and others) that this is not the case. Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 18, 2012, 12:55:42 PM Quote Why "at least" 105% PPS of 1 MH/s and not 100% PPS of 1.05 MH/s? Because I have more than 100% PPS: Goat mining pool, Clipse, GPUMax, whatever. I have more than 100% PPS, and I offer more than 100% PPS. Technically it is the same with 1.05 MH/s, but 105% is more honest.Quote Are you really up for this or do you just want to get a cheap loan so you can order some BFL equipment and after a few weeks/months buy back? 1. Even if this is true. Aren't it's profitable for investors? 110% + weekly dividends?2. This is not true. But how can I convince you (and others)? Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 19, 2012, 08:00:35 PM As far I can see, my bond is the cheapest offer on the market.
Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: BinaryMage on April 21, 2012, 12:11:25 AM Verified: Email Address. IPO launched before any demonstrated interest, clarification of contract, references, or community feedback. No response to important queries (plans in case of emergency, pictures of rigs, etc). Both an email and stats on a pool are easy to fabricate or rent. So far, you have provided no tangible proof of identity, not answered serious questions, and launched without fixing or addressing any of these problems.
Starting to smell like mackerel to me... Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 21, 2012, 10:37:21 AM Quote Verified: Email Address I'm Ukrainian, and there are some issues to verify my ID on GLBSE.Quote IPO launched before any demonstrated interest, clarification of contract, references, or community feedback. I selling mining bonds, one bond, one Mh/s. My contract is pretty simple, I don't see, what side of it may need some clarification. Community feedback? If you like it, you buying it, if no, than no, that is the best feedback.Quote plans in case of emergency I thought that I currently answer of that question. I have more mining power, that I selling, and I have money reserve in BTC. If this is not an answer, that, probably, I do not clearly understand the question. What kind of emergency?Quote etc What kind of etc?Quote pictures of rigs https://i.imgur.com/Il8VS.jpghttps://i.imgur.com/g1UUY.jpg https://i.imgur.com/y2lhp.jpg Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: Raoul Duke on April 21, 2012, 10:41:03 AM WOOD!?!?!? That shit will catch on fire, dude!
Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: marked on April 21, 2012, 10:49:24 AM WOOD!?!?!? That shit will catch on fire, dude! Can fans running fully function fully off-axis? marked Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: BinaryMage on April 21, 2012, 02:46:55 PM I'm Ukrainian, and there are some issues to verify my ID on GLBSE. I'm sure that there are, and I bear no ill intent. Just understand that you have the burden of proof here. I selling mining bonds, one bond, one Mh/s. My contract is pretty simple, I don't see, what side of it may need some clarification. Community feedback? If you like it, you buying it, if no, than no, that is the best feedback. If no one buys it, it isn't much of an IPO, is it? I assume you want to sell these; I'm trying to help you by showing why, and least IMHO, people aren't buying them. I thought that I currently answer of that question. I have more mining power, that I selling, and I have money reserve in BTC. If this is not an answer, that, probably, I do not clearly understand the question. What kind of emergency? You didn't, not in this thread at least. Thank you for answering. And thank you for posting pictures of your rigs. They're certainly quite inventively constructed. Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 21, 2012, 04:15:00 PM Quote Just understand that you have the burden of proof here. Yea, I'm working on it.And I'm grateful for showing my weak sides. Quote Can fans running fully function fully off-axis? Don't see why not.Quote WOOD!?!?!? That shit will catch on fire, dude! They will not. I do not smoke near them, dude.Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: xkrikl on April 24, 2012, 10:06:54 AM Do you plan to get verified by Nefario anything else than just email address?
Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 25, 2012, 02:44:08 PM Yes, I planned, but my plans end reality goes different ways, and I can do nothing with this.
I sent my docs last week, but I still don't received answer from Nefario. Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 25, 2012, 11:20:48 PM My first payment.
GLBSE-time and UTC are different times, probably I will switch to GLBSE time. Temporarily I will make payments more frequently than once a week. Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on April 28, 2012, 05:57:37 PM Finally got verified ID mark.
Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on May 03, 2012, 02:29:30 PM first 1000 gone
Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: Sukrim on May 03, 2012, 03:49:52 PM So far dividends were daily(!) - very nice. :)
Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: JWU42 on May 05, 2012, 10:28:46 PM Up to 1500 sold now...
And daily dividends is a nice touch ;D Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: MoneyIsDebt on June 02, 2012, 10:24:52 AM Any plans for expanding the operation?
Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on June 02, 2012, 11:57:47 AM Yes, I want increase my offer from 2.5 to 5 Gh/s at this month. But I actually don't know how things will go.
Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: Sukrim on June 02, 2012, 02:42:25 PM Since it is a 1 MH/s mining bond, it would make sense that he issues another 2500 bonds and sells these...
Quote I selling mining bonds, one bond, one Mh/s. My contract is pretty simple, I don't see, what side of it may need some clarification. Title: Re: [GLBSE] Rastamine - 2.5 Gh/s perpetual mining bond Post by: rastapool on June 02, 2012, 04:06:02 PM Ow, one of your mails I see in spam folder. That's how Yandex works.
Currently I have 5-th, 6-th, and 7-th Radeons in my rig. And I planning increase my mining power with 7990. There are some issues with FPGA boards in Ukraine, I thinking about it, but currently I do not have FPGA-related plans in near future. BTW, I have low enough electricity cost to stay profitable on 40nm GPU. Quote Since it is a 1 MH/s mining bond, it would make sense that he issues another 2500 bonds and sells these.. thisTitle: Re: [GLBSE] Rastamine - 4 Gh/s perpetual mining bond Post by: rastapool on June 10, 2012, 04:20:21 AM Bonds offer was increased up to 4000.
Title: Re: [GLBSE] Rastamine - 4 Gh/s perpetual mining bond Post by: MoneyIsDebt on June 10, 2012, 03:55:00 PM What does that mean exactly? Will your dividends per share stay the same? Have you expanded your hardware?
Title: Re: [GLBSE] Rastamine - 4 Gh/s perpetual mining bond Post by: rastapool on June 10, 2012, 06:14:43 PM Quote Will your dividends per share stay the same? Because I'm selling bonds, yes, my rate remains the same: 1 mh / s*bondQuote Have you expanded your hardware? Not yet. I just decided to sell, all that I currently have.Title: Re: [GLBSE] Rastamine - 4 Gh/s perpetual mining bond Post by: MoneyIsDebt on June 10, 2012, 08:02:41 PM Good to hear. Keep up the good work!
Title: Re: [GLBSE] Rastamine - 4.5 Gh/s perpetual mining bond Post by: rastapool on August 06, 2012, 05:04:26 PM I just receive my Icarus and now I'm able to increase my bonds offer up to 4500.
At this week, or maybe at next (it's a bit difficult to get 79xx here, since Bitcoin is up) I'll increase my hashing power and bonds offer up to 5000. Likely, I'll do this without dedicated post here. Title: Re: [GLBSE] Rastamine - 4.5 Gh/s perpetual mining bond Post by: MoneyIsDebt on August 14, 2012, 10:17:33 PM JAH has been paying very regularly - but now it seems to have missed a payout. What's happening?
Title: Re: [GLBSE] Rastamine - 4.5 Gh/s perpetual mining bond Post by: rastapool on August 14, 2012, 10:32:44 PM Due to bad weather, I was without the internet. Now all is good and I'll make a two days payment in five and a half hours.
Also today I increased my mining power up to 5 Gh/s, but temporary I'm not selling my bonds above 4150. Title: Re: [GLBSE] Rastamine - 4.5 Gh/s perpetual mining bond Post by: MoneyIsDebt on August 14, 2012, 10:34:05 PM Cool - thanks for the quick reply :)
Title: Re: [GLBSE] Rastamine - 4.5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on August 21, 2012, 01:13:24 PM So, I decided to offer postASIC mining update for my bonds.
Once BLF will start selling their ASIC devices, I'll buy them. And once, I'll start recieve bitcoins from the ASIC miners, I'll increase my bonds payouts in 6 times, up to 630% PPS. Also I'll create a new mining bonds with 4x that value (25.2 mhs/s 100% PPS) and will offer 0.12 BTC update from the JAH to that bonds 1:1. Why don't I make BFL-preorder? Because it's just a money locking, it's sensless: there are no way to produce a few ASIC chips. If BFL will success, then they will have at least tens of thousands chips, or even more then 100,000. This is totally different situation compared to BFL FPGA devices. In their interest to produce and sell the devices as quick as they can. So I decided to not make preorder, but wait. When and if BFL will success, I'll buy their ACIS devices. Also as a backup option, I already bought ASICMINER shares. So, if ASICMINER will pay for shares before BFL success I'll also will start my update. Once I'll start recieving bitcoins from ASIC miners, I'll offer updates: Free: 1 Mh/s 105% PPS Rastamine bond will update up to at least 630% PPS. Paid: 1 Rastamine bond + 0.12 BTC for 1 at least 25.2 mh/s 100% PPS bond. Where my postASIC bitcoins will came from: 1. I'll order ASIC devices from BFL, once they'll start selling it. 2. I already have ASICMINER shares. *If BFL devices will have speed/price lower than 80% from anounced, I'll change my offer. Also if ASICMINER will pay less then 80% from anounced, I'll change my offer. Title: Re: [GLBSE] Rastamine - 4.5 Gh/s perpetual mining bond with ASIC update Post by: MoneyIsDebt on August 21, 2012, 03:20:18 PM Great initiative!
Title: Re: [GLBSE] Rastamine - 4.5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on August 30, 2012, 11:13:12 PM I'm now selling my bonds above 4150. 5 day average is 0.16, so, I put 350 bonds at that price.
Title: Re: [GLBSE] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: nameface on September 22, 2012, 10:45:06 PM A lot of crazy things have been happening... What's your plan right now re: hardware?
Title: Re: [GLBSE] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: Graet on October 07, 2012, 02:39:51 PM even crazier things been happening - what are your plans re glbse situation?
Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on November 19, 2012, 03:48:37 AM So, the possibility we could not receive the data from GLBSE is looks pretty significant.
Please give me the following information: GLBSE Username number of Rastamine (JAH) bonds you own e-mail associated with GLBSE BTC address I want to connect this information with your bitcointalk username, so please send me a PM with your claim. If you do not want this connection, you can send me an e-mail at jah.claims@ymail.com If you think this data is sensitive, use this public key to encrypt it. -----BEGIN PGP PUBLIC KEY BLOCK----- Version: GnuPG v2.0.17 (MingW32) mQENBFCpqUUBCADBqe9A3r2HTVhoZdc60f9SgPVXw5cJV8Moe1xkdtOzMqm1vN5F cisOcIFO2xGITaMdwt6/2cq0tZT2kMcmrZhhYrGti4AD1VmP6lAnIViGOMLT6YUd vTuUWCQ2l/4z7mSkLYEZjvX7GEOHRpcPJLGW3yS/qkg/D/CRI4S4Y3XIGEIjyZXm K3vQwegKz7M1z9jmX1dbvKen+hvxM6cDTsjrBPfVqDDBxGKIGGmg80w+Ot/YiQDl WZ3cu+BOhYZB8yHzJxHa1Z76Khqz7tqoL4NYQfx3cGjvGFL5ltdTeF2d5suo/W0n 37Ug0vP/7AylSOuJ7tUp9H5fHNto8pNwiO1vABEBAAG0IHJhc3RhcG9vbCA8amFo LmNsYWltc0B5bWFpbC5jb20+iQE4BBMBAgAiBQJQqalFAhsDBgsJCAcDAgYVCAIJ CgsEFgIDAQIeAQIXgAAKCRDvpTNPVPKKZvweB/4rXNdxEq4A0eJfhRZvtMRm8o6R 3DBk0NZ/25xnXHioMAz3eDqDLkmewYdJMBVFc6b1LSG1TkkNegEujz1kmW/HYr4Q N/s40zpkDOitOLQn35ioFxGfDBpPT1FF9a4ys1nFonHzgWPjkIr0GqH5C98+EE7Y q5KP7llmtWBeA2gzABpqkQMish/NnivUe4nJhMEV2IimRjsXINSFXZRWPy8I9j9i VtjL2WifPxbHOUycjnv1pJg/1tCVNV1xprCHBkHrl6VsLPpHdnBuqwp/fJFrKZ7Z 5NxIMOsox5LbQrGLxtdJ9J4srryGXnPdFHgkxQfXIyCirb87poKdbh8CKyOnuQEN BFCpqUUBCADPM26PiQhvdNn44CBLZlOb85okxsxxPpRbaKn6Qdag+BKnUDDM/lvH IEfhRvJllay3C09iXWSXAWL16dyREgp0vkCfxGbfekums1FES3yI6UMtdN1UWqRl +Pl4WTgS7h8qYM8TqILdPNLKjCiWDlMixsIkRddHc0T7beWvSQMHXmFWwCicuyQl 5RvXl7mYi4IZb9dug9t+B9BJpwOlVOf6pyp+VpsTGcIdttrBonweDlGoOq6fzjcG nGrglUvmW6/KNEyTvQJAAlq9CuGugSmsHcIetx/CHwssyFuzUUTN6OB4EYSSPiuy MN1k8+S7SCPTyjrmlb0zrvNGgePFC+JtABEBAAGJAR8EGAECAAkFAlCpqUUCGwwA CgkQ76UzT1TyimYu6wgAqTQWQLb50ooQAczGQZbiW8o5WBDsAsqtTh6L7LV0Bwdo KXDDYwCFMP54pDYI1X49mC83jAcJGau7iBJ3geRfG112CraLkKdBaQSHbH0IbfOl mFCRUYg34ki+ryeTfNmVfXErcYOu3MbHlvuHQKRPh//3oZnMdBtVkerrD8/WJtUs 4eJNFX0f/aKnocqxXhQO8+1xf8w+ygOwqoIi9FuHudJfXaFGjlaxjdqNIT3REtNJ 5jJ87t53FhLhNbybx+hI4jPBL/sRR0HRq2hrEZmrxyFf1DkYHYRpaZuDwDtEKKOE xoiSktw7oYvMzgSEVyPnKQCQnzbFo62rcrLI4JfuLQ== =QeLf -----END PGP PUBLIC KEY BLOCK----- Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: kimmeriets on November 19, 2012, 06:57:55 AM дyмaeшь пepexoдить нa дpyгyю фoндoвyю биpжy?
Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on November 20, 2012, 04:30:56 AM X3
Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on December 06, 2012, 05:15:42 PM I got a list from Nefario. This list is very incomplete and I decided to manage it by hands, until the situation becomes clearer.
I think I'll make payments this Sunday. This payments will cover period from 2012-10-4 00:00 GLBSE time to 2012-12-8 23:59 GLBSE time and they will be 0.02 Ƀ per bond. Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on December 07, 2012, 12:04:53 PM I got a second list. Now information is significantly less partial than it was before. Its not 100% filled yet, but close.
Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on December 09, 2012, 06:42:48 PM I have done payments for period from
2012-10-4 00:00 GLBSE time to 2012-12-8 23:59 GLBSE time. There is some unclaimed bonds. I'll pay when I'll receive information about them. What's next? I don't know, and will manage it by hands before I decide what to do. Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on December 21, 2012, 10:22:58 AM I just received full bondholders list from Nefario.
So now I can go forward. I really thought about colored coins but there is one issue: bonds should be tradable and colored coins is not mature enough yet. And only because of this I forced to go on the centralized service. I still need some confirmations/information from bondholders but i think I'll list on the BitFunder pretty soon. PS When I add new information to the old lists I'm getting 5003 bonds, but in the new list one bondholder has 3 bonds less compared to the previous list, lol. That is how Nefario works (-: Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: Graet on December 21, 2012, 10:51:16 AM I just received full bondholders list from Nefario. So now I can go forward. I really thought about colored coins but there is one issue: bonds should be tradable and colored coins is not mature enough yet. And only because of this I forced to go on the centralized service. I still need some confirmations/information from bondholders but i think I'll list on the BitFunder pretty soon. PS When I add new information to the old lists I'm getting 5003 bonds, but in the new list one bondholder has 3 bonds less compared to the previous list, lol. That is how Nefario works (-: Good to hear you are able to move forward :) Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: JWU42 on December 21, 2012, 12:20:19 PM I just received full bondholders list from Nefario. So now I can go forward. I really thought about colored coins but there is one issue: bonds should be tradable and colored coins is not mature enough yet. And only because of this I forced to go on the centralized service. I still need some confirmations/information from bondholders but i think I'll list on the BitFunder pretty soon. PS When I add new information to the old lists I'm getting 5003 bonds, but in the new list one bondholder has 3 bonds less compared to the previous list, lol. That is how Nefario works (-: Check for duplicate entries... YABMC final list had several people with two or more accounts (which initially appeared to be a new lower share total). Their totals were correct but you needed to consolidate the shares. Title: Re: [claims] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: MPOE-PR on December 21, 2012, 05:01:02 PM PS When I add new information to the old lists I'm getting 5003 bonds, but in the new list one bondholder has 3 bonds less compared to the previous list, lol. That is how Nefario works (-: For the love of bits. :-\ Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on January 04, 2013, 02:48:07 PM From Dec 27 you can trade JAH bonds on the BitFunder.
I made three dividend payments on BitFunder already: on Dec 27, for period from 2012-12-8 to 2012-12-26 on Dec 31, for 4 days, and today also for 4 days. Also, on Dec 31, I completed manually payments 0.02 Ƀ per bond for those, who wasn't in the first two lists, received from Nefario. Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: camolist on January 22, 2013, 11:53:21 PM finally got around to setting up bitfunder
everything seems to be going well and all past dividends are there glad to see the ASIC upgrade path being planned out do you have bitcoin-otc? Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: wisard on February 13, 2013, 08:14:47 AM Any update on the ASIC devices?
Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on February 18, 2013, 01:36:49 PM For the ASIC update I have ASICMINER shares and looks like soon ASICMINER will start to pay dividends and after that I'll make my update. I'm fully depended from that company, so more information you can look at the ASICMINER-topic. https://bitcointalk.org/index.php?topic=99497.0
I don't have bitcoin-otc. Probably I should register there, but this is not urgently. Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: wisard on February 20, 2013, 06:13:36 AM Can you give details? Some transparency would be appreciated.
How many ASICminer shares do you have? Also, how many ASIC devices have been ordered from BFL? I feel that the bond is under valued right now - and have invested in it. But would love some more details to accurately do my calculations and figure out how much more should I buy. Thank you. Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on February 20, 2013, 12:38:56 PM Hi wisard,
I have more ASICMINER shares than needed to cover my obligations. And I have no devices ordered from BFL. This guys don't actually selling them and, as I wrote, I do not wont give them my money before they will sell real devices. best, rastapool Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: nameface on February 22, 2013, 06:16:25 PM I like your style Rasta.
You say you can issue more shares without a vote. Do you have any plans to do so? Will you being raising more capital if a solid ASIC option comes available? Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on February 23, 2013, 08:37:12 PM hi, nameface
At this moment I don't see a good opportunity to do this. But who know how things will go, if I'll have good options I'll do this. Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: nameface on February 26, 2013, 12:23:17 AM I like how the JAH dividend schedule works. BTC mining isn't a boom or bust sort of thing, it's little by little, and the coupons coming in like this is naturally appealing.
It's 2013, waiting for a month in the dark for a dividend to come in while the bitcoin world moves at a million MPH is kind of annoying. Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: wisard on March 02, 2013, 09:49:48 AM Woohoo!
ASICMiner dividends came in and JAH dividends increased 6x as promised! Thanks. Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: ThickAsThieves on March 02, 2013, 03:00:27 PM Could you clarify whether this increased payout from today will be the normal rate, or will dividends decrease back to normal until the next asicminer dividends?
Also, when will you release the new upgradeable shares? Thanks! Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: camolist on March 03, 2013, 07:34:17 AM love the dividends and bids above .2 btc! Waiting on upgrade / trade in info!
Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on March 03, 2013, 01:18:18 PM Hi, ThickAsThieves
In my first post I said that I can change my offer if ASICMINER will pay less than announced. Back in summer ASICMINER declared Quote Self-Mining with First Batch of Chips At least 12TH/s in Now we have only 4.5TH/s (it's about 1/3).total, that is equivalent to 30MH/s per share It's really hard to decide what I should do. But I definitely can't offer update to 25.2 until ASICMINER will fill all 12TH. Truly, I don't obligated to increase dividends in 6 times. But I think can do this: I increase dividends in 6 times now (even with 1/3 from expected ASICMINER income) and wait 12TH to offer payed update. I'd like to say more, but I don't know: we depended from ASICMINER and I don't have exactly information how ASICMINER will go. Quote will dividends decrease back to normal until the next asicminer dividends? No.Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: ThickAsThieves on March 03, 2013, 01:22:19 PM Thanks for the answers!
Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: camolist on April 16, 2013, 03:58:49 AM i'm out
thanks for running the most rewarding glbse asset i've owned sold for ~2.5 times what I bought in at and got lots of dividends in between good luck to the buyer(s) will keep an eye on things Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: jimmydorry on April 26, 2013, 02:22:45 AM Sorry if this has been posted before.
What are the intentions looking into the future for this operation? Are you planning to expand to acquire a bigger slice of the total network hashing capacity? Are you going to buy back the shares? Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on April 26, 2013, 11:24:45 AM Hey,
camolist, pleasure to read such words. jimmydorry, Once ASICMINER reach 12 Th/s, I'll offer a new 25.2 Mh/s bonds. I'll offer payed update: one this new bond for one JAH bond + 0.12 BTC. From start it will be 5000*25.2 Mh/s bonds, fully backed by ASICMINER shares. In the future I'll increase this amount over 5000 and partially or fully back it by real hardware. Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: iCEBREAKER on April 26, 2013, 08:05:14 PM Hi Rasta!
Where do the 25.2Mh/s and 0.12 BTC numbers come from? Thanks! Title: Re: [BitFunder] Rastamine - 5 Gh/s perpetual mining bond with ASIC update Post by: rastapool on April 26, 2013, 10:07:05 PM Hey, iCEBREAKER,
They come from that post https://bitcointalk.org/index.php?topic=77121.msg1119711#msg1119711 And in that post, just from numbers in my head: 1.05 * 6 = 6.3 6.3 * 4 = 25.2 0.1 (pretty round number :)) + 20% = 0.12 just that :) Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: rastapool on May 03, 2013, 07:19:47 PM I created the new RTM asset.
Quote The holder of these bonds will receive as coupons a number of bitcoins equivalent to 100% PPS output of 25.2 MH/s per bond, for as long as they hold the bond. Dividends Dividends are paid at weekly or more often in bitcoins. BuyBack The issuer can buy back the bond at any time at a price equal to 105% of the highest price the asset was traded on BitFunder over the prior 360 hours. You can exchange 1 JAH bond on 1 RTM bond for 0.12 BTC use skype: disposable.jah2rtm for insructions. I'll give you unique BTC-address. I'll delay dividends for a few days: you have no reasons to make exchange quicker than others. *If you hate skype, just PM me. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: rastapool on May 06, 2013, 07:22:20 PM Next divs will be 2013-05-09 and this will be 7-days divs.
RTM trading will be unlocked right after divs. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: ratacat on May 08, 2013, 10:20:39 PM I don't understand, what will happen to JAH shares if we don't upgrade? I just bought mine a few weeks ago?
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: jimmydorry on May 09, 2013, 12:21:19 AM I would have appreciated some form of notice. 3days is no where near enough, especially without prior notice.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: coinminers on May 09, 2013, 04:57:10 AM Yes, what's going to happen to my Jah shares? Contacing you on skype now.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: rastapool on May 09, 2013, 05:18:12 AM -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1 7-days paymant will be today, after I'll finish all todays transfers and, just for proof, I'll sign this message Publick key you can see here https://bitcointalk.org/index.php?topic=77121.msg1344247#msg1344247 -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.17 (MingW32) iQEcBAEBAgAGBQJRizF2AAoJEO+lM09U8opmowsIAK95G7rnKE2vqnQmtwRi2muN 0qCWi5MyPw2UjJ5RbQ60d3GA57JHe7vLXrl8yGa6lFTxgB7A+OqbVlZcjsQRnNFg gbZBXbsJ9NNCYo6E1U+Vd4/QEi/Y5r3/aR9X8Q/JVfGd+aauMqiRSbZUYL0+AsU7 A0lBt/nRA0sXfLTRQ4JHP/8NAGdQSbKfhcQHkRWue1X27pfGT3bDLNPa1lMIzaJ2 1y4vi8Pk6ZLa+bTFnQoNBHteA5O3GH7oYGaKNeSgK3OCBCIO5tSoLoz+yB74NKYI VCJzV9I2FIJAIj6fbq7+BCVhGMxtf42faTIHgC0WTLA3sOdll8zi4P6xifv8YGk= =E5Be -----END PGP SIGNATURE----- 2 coinminers they will be destroyed if you exchange, and nothing if you not 2 ratacat nothing will happen, they will work as previous Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: jimmydorry on May 09, 2013, 05:39:31 AM Can someone verify this? I don't have the necessary tools to verify a PGP signature that is not encrypted against an address.
The public key was given in a previous post: https://bitcointalk.org/index.php?topic=77121.msg1344247#msg1344247 Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: jimmydorry on May 09, 2013, 07:48:20 AM I ended up dealing (share swap) via Skype on good faith, and it all worked out well. It must be the real Rasta ;D
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: coinminers on May 09, 2013, 08:00:56 AM Same here, and learned a lot about Belarusian reggae. Here are two great songs:
http://www.youtube.com/watch?v=KaKEDpz1-a0 http://www.youtube.com/watch?v=8k4oCwLuBi4 Peace ^_______^ Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: tolan77 on May 10, 2013, 03:18:15 PM Is it just me or does anyone else not get RTM to show up on the markets tab on bitfunder.I can see it in My Assets and can see that 2 trades have occured but has the bond not been made public yet? Not everyone does due diligence and reads the forums so I wonder how many ignorant JAH owners don't even know RTM is around yet.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: johnny5 on May 12, 2013, 05:40:33 PM Is it just me or does anyone else not get RTM to show up on the markets tab on bitfunder.I can see it in My Assets and can see that 2 trades have occured but has the bond not been made public yet? Not everyone does due diligence and reads the forums so I wonder how many ignorant JAH owners don't even know RTM is around yet. I was wondering the same thing - bitfunder.com/asset/RTM (http://bitfunder.com/asset/RTM) RTM is tradable, but it is not visible in the Market, publicly. One has to modify the URL by hand to get to it - I'm sure RTM will be shown soon, but it is odd that it still remains "hidden". Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: rastapool on May 12, 2013, 07:24:11 PM 3 days ago I wrote about this issue to support, but still have no answer yet.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: Franktank on May 14, 2013, 01:44:41 PM 3 days ago I wrote about this issue to support, but still have no answer yet. Any update on the ticket? Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: MikeMark on May 14, 2013, 06:43:22 PM I think this is one of the best and yet unknown investments available. :)
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: johnny5 on May 14, 2013, 08:55:54 PM It's now showing up in the market: http://bitfunder.com/market (http://bitfunder.com/market)
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: Sukrim on May 15, 2013, 01:00:23 PM I think this is one of the best and yet unknown investments available. :) I agree, mining bonds wise this so far has been one of the most silent ones - because it simply just works! :) If it is a good (in the sense of profitable) investment is up to debate (ask EskimoBob... ::)), but it definitely is a well executed asset. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: ironcross360 on May 15, 2013, 02:52:57 PM how much for 2000 shares and whats the esimated profit?
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: tolan77 on May 15, 2013, 03:47:44 PM how much for 2000 shares and whats the esimated profit? Each share is entitled to 25.2mH/s of mining revenue. So 2000 shares would be 50.4 gH/s which is currently 2.4Btc/day. If you can afford that many shares I sure am jelly I don't think more than 3-500 shares are even for sale currently even counting non upgraded JAH shares though. There is only 10k RTM shares max.Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: tolan77 on May 15, 2013, 03:49:02 PM how much for 2000 shares and whats the esimated profit? Each share is from .38-.44btc apiece so 760-880btc total and each share is entitled to 25.2mH/s of mining revenue. So 2000 shares would be 50.4 gH/s which is currently 2.4Btc/day. If you can afford that many shares I sure am jelly I don't think more than 3-500 shares are even for sale currently even counting non upgraded JAH shares though. There is only 10k RTM shares max.Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: MikeMark on May 26, 2013, 03:55:56 AM rastapool,
Any changes planned with this asset? There's been quite a bit of volatility lately. Do you have something in the works? It's possible that people are just reacting to Avalons, Blades and possibly Jalapeno's about to be delivered. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: Spincycle on May 26, 2013, 02:05:10 PM I just want to say, yesterday I converted 25 shares of JAH to RTM on Bitfunder via rastapool and I am very happy with his service. The conversion was quick and professional and I think RTM is one of the best funds available today.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: semaforo on May 28, 2013, 11:22:09 AM A question... I guess I just don't understand the structure of this fund- you are mining, and you say your shares are backed by ASICMiner shares. My calculations show a yearly return of about 40% on asicminer according to last weeks dividends, and RTM is currently paying 80% a year in dividends. What is the reason for this difference?
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: rastapool on May 28, 2013, 12:18:06 PM 2semaforo
RTM is 25.2 Mh/s 100 PPS steady bond. I should have 126 Gh/s 100% PPS income to manage this securities. Currently I don't have my own hardware for 126 Gh/s and I using AM income for the divs. In the future, when I'll get enough hardware, this securities will have nothing to do with the AM. Quote What is the reason for this difference? Currently I don't making money by selling my bonds. The last time I did this past summer. I have no influence on the current prices. Here is the market decide what is the price. What is the reason for that prices? I don't know.Quote Any changes planned with this asset? No. Only to back bonds by my own hardware. And, probably, issue more bonds, when I'll have enough new hardware.Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: semaforo on May 29, 2013, 09:49:15 AM Also, I noticed dividends have been going down.. do you expect dividends to keep going down?
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: stereotype on May 29, 2013, 09:52:16 AM Also, I noticed dividends have been going down.. do you expect dividends to keep going down? All mining divs will go down as difficulty increases, unless you constantly upgrade hardware. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: ChronoX5 on May 29, 2013, 10:21:06 AM Also, I noticed dividends have been going down.. do you expect dividends to keep going down? It is expected to go down as difficulty increases. One bond equals a constant rate of 25Mh/s. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: Ashitank on June 02, 2013, 04:48:58 AM Also, I noticed dividends have been going down.. do you expect dividends to keep going down? All mining divs will go down as difficulty increases, unless you constantly upgrade hardware. As dividends are going down due to increased difficulty bond price is also going down south, is this still a good bond to invest in , can any body please throw some light on this. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: MikeMark on June 02, 2013, 12:23:50 PM Opinion:
This type of bond is generally better than owning a comparable bitcoin miner at the same price.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: semaforo on June 02, 2013, 07:17:09 PM The dividend on this bond is higher than with ASICMiner- it's just a matter of calculating if the yield in dividend will be greater than the decline in price. I think this bond, which is paying over 70% is still undervalued, and if more people start investing in it the increase in price plus dividends can make it a really good investment. I own shares though.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: semaforo on June 03, 2013, 11:24:23 AM So I calculated approx. .07 BTC per share in the next 91 days. Assuming the decline is steady at a rate of decline of 26% per quarter, this means the next quarter would be .0518, the next .038, and the next .029. That means your one year return on your money is a total of .1888 BTC. So if you buy at .2 BTC, you will be making 94% on your money, if you buy at .3 you will make 62%, if you buy at .4 (like I did) you will make 47%.
Considering the uncertainty involved this is a fair return. Somebody just bought 67 shares at .2, so this is probably a really good deal if the share price stabilizes. Of course, if difficulty increases exponentially and mining yields decrease at an accelerating rate, then the calculation above will not be valid and the return will be less. Ultimately whether this is a good investment or not all depends on confidence of investors, because we determine the share price. As far as mining bonds go, I figure this must be one of the best due to electricity in Ukraine being the cheapest in the world. I don't see how someone living in the US or Germany, paying 6+ cents per Kwh and paying higher cost of living for food and rent can compete with 3-4 cents per Kwh and cheaper labor, food, and rent. Since the dividends are currently backed by ASICMiner, at any price below .4, it's like buying discounted Asicminer passthrough shares. It would be very helpful if rastapool could tell us if this rate of decline in dividends is expected to be steady or if it will accelerate. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: Sukrim on June 03, 2013, 03:12:51 PM Mining bonds don't even have to be backed by mining at all, they are just dependent on difficulty.
Yes, it is good for the issuer (if he actually does mine) to have cheap electricity, but this doesn't influence the payout of the bond at all. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: SOSLOVE868 on June 03, 2013, 03:23:03 PM So I calculated approx. .07 BTC per share in the next 91 days. Assuming the decline is steady at a rate of decline of 26% per quarter, this means the next quarter would be .0518, the next .038, and the next .029. That means your one year return on your money is a total of .1888 BTC. So if you buy at .2 BTC, you will be making 94% on your money, if you buy at .3 you will make 62%, if you buy at .4 (like I did) you will make 47%. some one just sold 68 shares at 0.2...seems he/she is panic about holding on PMB...Considering the uncertainty involved this is a fair return. Somebody just bought 67 shares at .2, so this is probably a really good deal if the share price stabilizes. Of course, if difficulty increases exponentially and mining yields decrease at an accelerating rate, then the calculation above will not be valid and the return will be less. Ultimately whether this is a good investment or not all depends on confidence of investors, because we determine the share price. As far as mining bonds go, I figure this must be one of the best due to electricity in Ukraine being the cheapest in the world. I don't see how someone living in the US or Germany, paying 6+ cents per Kwh and paying higher cost of living for food and rent can compete with 3-4 cents per Kwh and cheaper labor, food, and rent. Since the dividends are currently backed by ASICMiner, at any price below .4, it's like buying discounted Asicminer passthrough shares. It would be very helpful if rastapool could tell us if this rate of decline in dividends is expected to be steady or if it will accelerate. Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: jim667 on June 03, 2013, 06:07:44 PM Could have something to do with a new mining bond just IPOed on the exchange.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: Ashitank on June 07, 2013, 08:10:42 AM Hey Rastapool any plans to increase hash power on these bonds as once 100thmine on picostocks starts mining at 200Mh/s per share for ~.28 btc RTM will loose its value quick.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: rastapool on June 08, 2013, 07:40:08 PM Hey Ashitank, today I have no plans to increase hash power of each bond.
Title: Re: [BitFunder][RTM] Rastamine - 126 Gh/s perpetual mining bond Post by: nwfella on August 12, 2013, 01:59:48 AM Hey rastapool...just picked up a share of your RTM and JAH each. Could you give me some idea as to what current estimated hashrate/share payouts we might be expecting? And when do you think next RTM dividends might be getting paid out?
*I'm sorta new to this whole bitfunder situation deal so go easy mon :P Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: rastapool on October 01, 2013, 08:51:46 PM Hey all
A few month passed since my last activity here. Today I have 22+ Th/s of mining power to sell. Hardware that I use is based on the Bitfury's chips and already installed and launched. You can chack it on the ghash.io pool. Username is 'rastapool', same as here, password is the same as username. Also, from today I'll increase my bond by 4x, up to 100.8 Mh/s. All other conditions remains the same. Considering 100th prices are 0.082/0.125, I think 0.037 per RTM-bond is pretty fair. You can purchase this bonds at https://bitfunder.com/asset/RTM Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond .32/Gh Post by: rastapool on October 07, 2013, 03:50:05 PM Hi again.
I discovered that 0.037 per 100.8 Gh/s is a bit too high price. And there are pretty low interest at that price. So, I set the price down to 0.032. There was 0.00204384 divs per bond since I offered new bonds. And I decided to return (0.037-0.032-0.00204384) = 0.003 BTC per share for all who bought for 0.037. You can see my last divs was 0.003/share and from that price is 0.032/bond. And one more thing: nice picture for this thread https://i.imgur.com/evozYru.jpg Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: fewerlaws on October 07, 2013, 04:55:00 PM Hi rastapool,
I was the largest sharehold of RTM up until your 20x share dilution. I own 649 shares, which was 13% of the compnay (assuming 5000 total issued RTM shares before October 1, 2013). Please correct me if I'm wrong. While I am happy about the 4x increase in dividends/share, I am very unhappy about my stake in the company being diluted so much. While I realize you have the right on BitFunder to increase shares without vote, is there some way you can announce your intentions before you actually carry them out? Thank you for the pic. This mine is certainly an improvement over your JAH mine that you photographed over a year ago and that was comprised of several GPUs. Where is this new 22TH mine located? Thanks, fewerlaws Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: PinkBatman on October 09, 2013, 05:55:59 PM What's the plan for the bitfunder changes?
Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: HowlingMad on October 14, 2013, 04:06:13 PM Rastapool,
Thank you. I reread the prospectus which stated "dividends to be paid weekly or sooner". Sorry about that. Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: HowlingMad on October 22, 2013, 01:21:35 AM What's the plan for the bitfunder changes? I agree. Any plans to do any passthru funds? I am a US citizen and am not very happy with Bitfunder right now.Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: rastapool on October 31, 2013, 11:05:29 AM All bonds are buyed back, securities are closed on the BF.
Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: deizel on October 31, 2013, 04:27:01 PM All bonds are buyed back, securities are closed on the BF. The buy back was performed (in the form of a dividend) before the asset was frozen. Unfortunately, I had BitFunder's dividend reinvestment feature enabled on this asset. As such, BitFunder performed 4 trades on my behalf before the asset was frozen. https://i.imgur.com/ksArucE.png This has left me in a position where I now hold 314 shares in a frozen asset, and a small amount of change from the buy back. Some lucky sellers have effectively had their shares bought back twice (once by the asset issuer and once by me). So, a few questions: - Should the asset issuer have frozen the asset before issuing the dividend? - Can the asset issuer even distribute dividends after the asset is frozen? (Not sure how this aspect of BitFunder works) - Are any of the lucky sellers reading this? ;) In the exceptional circumstance that someone wishes to return or contribute to my loss, my address is below. Thanks for listening. Look forward to any comments. Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: Ukyo on October 31, 2013, 04:50:06 PM So, a few questions: - Should the asset issuer have frozen the asset before issuing the dividend? - Can the asset issuer even distribute dividends after the asset is frozen? (Not sure how this aspect of BitFunder works) - Are any of the lucky sellers reading this? ;) The asset should have been frozen first. The system has no way to know that a dividend being issued is not a normal dividend. Not sure why anyone would want to allow trading after a final dividend payment goes out... -Ukyo Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: deizel on October 31, 2013, 05:27:23 PM The asset should have been frozen first. Thanks for the quick response Ukyo. Both TAT (on IRC) and yourself seem to agree on this point. I understand that, in the situation that has occurred, I can't simply be refunded as the funds have went elsewhere. Maybe the asset issuer will make a goodwill gesture if they believe some of the blame lies with them. Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: rastapool on October 31, 2013, 09:20:08 PM Yes, I see those reinvestment buys. Unfortunately I saw this after I made div payment. I should have to freeze asset first, and this situation is fully my fault.
deizel, just give me your BTC address and I'll transfer you 5.2 BTC best, rastapool Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: deizel on November 01, 2013, 12:04:47 PM Yes, I see those reinvestment buys. Unfortunately I saw this after I made div payment. I should have to freeze asset first, and this situation is fully my fault. deizel, just give me your BTC address and I'll transfer you 5.2 BTC best, rastapool Hi Rastapool, thanks for coming to my aide. My BTC address is 135FGWACVPru61C5Tv2xuJmv5NREKTbQBY. I now know to set more reasonable limits for dividend reinvestment(s) in the future. On the bright side, we now have a funny reminder of all this in BitFunder's "My Assets" tab: https://i.imgur.com/55DjTEu.png Edit - Refund received and trust feedback left. Thanks! Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: davesag on November 09, 2013, 03:27:59 AM All bonds are buyed back, securities are closed on the BF. I still have a couple of RTM shares in Bitfunder - will they be bought back/what is the process for that? or is there a way to transfer them to Havelock (for example)? Cheers dave Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: davesag on November 10, 2013, 05:45:50 AM All bonds are buyed back, securities are closed on the BF. When you say "all bonds are buyed back" I still have RTM assets in Bitfunder and so do some of my friends. What is the process for either a) selling them back to you, or b) transferring the assets to another registry such as Havelock? Cheers, Dave Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: ThickAsThieves on November 10, 2013, 03:40:19 PM Your shares were bought back already and merely not deleted yet, afaik. He probably needs to take the time to destroy all shares and close the asset officially.
Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: davesag on November 12, 2013, 07:06:01 AM Your shares were bought back already and merely not deleted yet, afaik. He probably needs to take the time to destroy all shares and close the asset officially. I have not received any BTC from such a buyback, and neither has my friend who has considerably more invested in RTM than I did. Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: deizel on November 12, 2013, 10:41:22 AM Your shares were bought back already and merely not deleted yet, afaik. He probably needs to take the time to destroy all shares and close the asset officially. I have not received any BTC from such a buyback, and neither has my friend who has considerably more invested in RTM than I did. Dave, you should see something like this on BitFunder's "Transactions" page: https://bitfunder.com/transactions https://i.imgur.com/DxCRADg.png Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: rastapool on November 13, 2013, 11:57:39 AM Hey all
I got some PMs and messages here. People are a bit confused about why bonds still exist after buy back. I'll destroy it soon. davesag Look at the 'Transactions' page on BF. You should see something similar to what deizel posted. Last divs was 0.00012976 And buy back was 0.03024 per share and looks like unusually big dividend payment. Please respond in that thread, that all is fine (or that it is not, if it's not). best, rastapool Title: Re: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond Post by: jimmydorry on November 14, 2013, 12:27:14 AM Where are you going to setup now? I don't know if I just had unreasonable expectations, but I don't like how my shares just disappeared, and I got a payout far smaller than what I originally paid... even if this payout was the current market rate.
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