Bitcoin Forum

Closed out at 0.1 BTC per & delisted. Thanks

Interesting title for the thread  :D

How about "Yet another yet another mining bond" or YAYAMBC? :-)

Wasn't necessary to change but appreciated nonetheless...

Best of luck with the IPO

Please give the exact formula you will use for these calculations, also include 1-2 difficulty changes during 1 week.
If you only take the difficulty on each "Sunday evening" (at which exact time in UTC by the way?) your investors would loose out as soon as the difficulty rises.

This would also mean you're NOT exactly paying 1 MH/s PPS, just something closely related to difficulty on Sunday evenings. Also no pictures or other proof that you actually own any mining hardware = bad imho!

Which should be the case not that often, according to Moore's law.

The title is somehow misleading - you do NOT offer a 1 MH/s PPS income bond, you pay 1 week's worth of 1 MH/s at some random time on Sunday evening (depending on when difficulty changes you can then choose to pay on the higher difficulty). These payout calculations are also a breach of your contract:
Furthermore you want to offer only 100 shares at a price that is _very_ low compared to the rest of the market without any good reason - to me all of this sounds rather like a scam. To anyone investing in this: It is VERY easy to let some "mining bond" run like a Ponzi scheme (paying interest out of deposits) for quite some time, and as soon as the money runs low, he can always "expand" or "offer more bonds, as the initial experiment with 100 shares worked out so well!". All this can go on for half a year or more easily and he'd still have half of your money. As long as there's no proof of mining capability, I'd recommend to be VERY careful. Especially with an attitude up-front like the one here.

Last 27 bonds bought, IPO just finished.

This was not stated there back then when I bought my bonds.

You are trying to push down the 5 day average pricing of your bond continuously so you can screw everyone who bought bonds for more than 95% of the 5 days average price. Once you dumped the price for your bond enough, you can buy back for far less than you initially sold for and walk away.

I request a minimum price per any bond sold directly via GLBSE of 0.25 BTC (= IPO value), max. 5% discount on bulk sales OTC and issuing new bonds at 105% of the 5 days average instead of 5% below.
I will ask Nefario to disallow bond buyback for this asset until you fully verify with GLBSE as this sandbagging technique seems to much of a scam to me.

There is no reason to sell at 95% of 5day average other than sandbagging, since your dividends are significantly lower than 5% of your 5day average asset value.

Mining bonds are NOT to be expected to become cheaper 5% per week. The actual number is something around 3% per month (Moore's law + 4 year income cut).

It also seems from your edit ("[Edit: Minimum price adjusted for BTC increase in value against USD]") that you are valuating your bond in USD - why?

Good job f*** everyone who holds your bonds. This 0.16 price is a nice drop from what market was trading at (0.20235) and what a spectacular nosedive from .25 BTC IPO price.

An just for lulz from IRC:

Congratulations! Job well done.

Ouch