Yes your math seems right but clearly mining conditions will change. However I think it will only get better for a while.
I am happy to be selling the IPO shares at 3BTC and honestly would not be so happy at $10. I have spent a lot of time an energy in this and am mostly selling shares as a hobby and a way to expand. Honestly I would love to get some 7970s and we might be able to soon if this deal works out with a member of the community.
Also one side effect of selling the IPO shares at 3BTC is a few share holders are selling at 2.99BTC and the like. Clearly that is every ones right but if anyone would like to buy directly from me at 3BTC please send me a PM and I can transfer the stock into your GLBSE account. If you do this you will help TyGrr Tech expand and get new 7970s. Once the IPO shares are gone, the open market will clearly be the only way to get stock.
Thank you for the reply and information. |
|
|
|
|
Sounds fair - I'll pm when sent with reply address.
|
|
|
|
|
quote: Theres no way to tell how much its worth until its redeemed to your bitcoin address.
err, ?? Isn't that a problem.
|
|
|
|
|
Could you do a better repayment rate? rapacious lenders always want more
I would lend 125 for a 140 repayment, probably even 135 - but in that range.
|
|
|
|
|
As a lender, with real money at risk, if you're borrowing then expect some scrutiny. If you don't want any attention, don't borrow.
P
|
|
|
|
|
I have used pci to pcie converters in an older P3 server. It did set fire to the motherboard so that was a negative.
|
|
|
|
Difficulty 1,250,758
Hash Rate is estimated to be 10GHash/S
Total will be 39.2BTC this week.
Looking at this as a result of someone's suggestion. Just checking some math: Shares on issue = 1500. Dividend per share = 0.02631 for a week. Price USD6.30-ish = $0.16, (annualised = $8.56) Shareprice ~= 3BTC = $18.90 Payback (P/E ratio) = 2.2 That looks good for the earlier buyers in the IPO at $10, but less so for someone buying in. Any obvious errors in the above? You show me another investment in today's economy that shows me a 45% profit in one year and maybe I'll try to see how this doesn't look great. Try gigavps's loans - they should be close to 100%. I'm lending at 10% to 15% to various people, and I have coins tied up paying 1% per day (thanks Pirate). I'm looking seriously at this and in this community there are different returns. What I wanted to know is if the base assumptions were correct. |
|
|
|
|
I agree with the sentiment behind this and will pm IBB to help support this.
Patrick
Starfish BTC thing
|
|
|
|
The following list includes actual sovereign defaults and debt restructuring of independent countries from 1300 till 2008:[15] blah blah blah United States (1779 (devaluation of Continental Dollar), 1790, 1862,[ref 17] 1933 (see Executive Order 6102),[ref 16] 1971 (Nixon Shock) - 9 states (1841–1842)[ref 16] - 10 states and many local governments (1873-83 or 1884)[ref 16] The "Nixon Shock" is well worth reading about and the events leading up to the abandonment of the gold standard. Also cross reference inflation and deflation over time for fun. http://en.wikipedia.org/wiki/Sovereign_default |
|
|
|
I put all I could gather from the various threads into the consolidated loan box above. You can quote it and add the missing information if you wish. I think the total is the main thing and I think that is correct.
I do not know why, but I find this whole BTC loaning thing very fascinating. It is a study in human beings and behavior and how they deal (or don't deal) with money.
I guess the question we are asking here is: can a new system for loaning money to pseudo-anonymous people be developed.
We have banks developing, and even a credit rating system on the way. Seems to me, for better or worse, we are having to duplicate a lot of the same infrastructure that has been developed in the fiat lending industry.
Starfish Bank  |
|
|
|
Difficulty 1,250,758
Hash Rate is estimated to be 10GHash/S
Total will be 39.2BTC this week.
Looking at this as a result of someone's suggestion. Just checking some math: Shares on issue = 1500. Dividend per share = 0.02631 for a week. Price USD6.30-ish = $0.16, (annualised = $8.56) Shareprice ~= 3BTC = $18.90 Payback (P/E ratio) = 2.2 That looks good for the earlier buyers in the IPO at $10, but less so for someone buying in. Any obvious errors in the above? |
|
|
|
which they'll have to repay Didn't they already promise to pay and "have to repay" all the debt that is currenty being written off? Greece has a very long history of running up debt and then defaulting. Nothing has changed. The Greek people have learned that they can get something for nothing and now they expect it. Over and over again. No one should lend them another dime. Sorry for being off topic, but the US government also has a long history of default as well - I did some research into sovereign defaults some months ago. |
|
|
|
|
Hi BurtWagner. You might also like to add that the loan due date is 1 feb. I had also headed my PM as loaning 28 and repaying 35, but (of course) 20% would only take it to 33.6.
The thing that annoyed me was checking the loan history and seeing the claims of payment and my 28 coins were simply not being used to cover those payment. Then seeing INAU putting in some extra killed that idea, and now we have an interesting set of threads.
|
|
|
|
|
I think it is worth noting that the funds I loaned are not actually due until the 1st of Feb. It's also useful that rexcoin has worked out they've got themselves into a mass and is working on putting it right and not hiding. Also, I suggested to rexcoin earlier that putting in a payment plan is a good idea - lenders want to cover their losses and maybe we don't get back everything, but it's better than nothing.
I wonder if some people playing with bitcoin think it's not real money, or have not had to deal with real life consequences. In this case the amounts are small, but still over USD300 worth and that's a lot if you don't have it.
BTW, I'm not bailing out Greece - that's too much risk.
|
|
|
|
|
Least extreme is underclocking the memory clock (say 500 Mhz). There should be lots of other information about changing clock speeds around the forum.
|
|
|
|
|
Just for clarification, the loan was for less than 28.5, that was the agreed payback amount.
|
|
|
|
I don't think having the paste thin is good. I had some artic silver 5 which is very thin and easy to apply but later the card was getting hot and I replaced it with some antec formula 7 paste I had which was very thick and the temps dropped 5 degrees. It's a little annoying since I payed a lot more for the artic silver and had to order it online.
Pays to do some research on what the thermal conductivity rates are - too thick is actually bad. You should be looking for something that simply fills the imperfections of flat to flat surface. btw - I read a review that ranked toothpaste close to commercial thermal paste for a short-term solution. |
|
|
|
|
Good to hear it went smoothly. Key requirement for those "tiny" screws is a good quality and right sized screwdriver.
On the thermal paste, mix a small amount of fine grade oil into it and it becomes usable (I will not say like new). I use spray on CRC. Been doing that on cpus and gpus for over a year - saves a fortune on paste.
|
|
|
|
Kluge has fulfilled half of the loan. I'm still seeking another 250 so if you are interested please get back to me. Thanks, Patrick
Sorting a couple of things - I'll be back to you. |
|
|
|
I somewhat disagree. The more powerful the Bitcoin network, the more resilient it is to attack. I value Bitcoin more if it is more difficult to attack. If other people share that opinion, voila. If only you and I were mining on our pentium III cpus, I might be a little nervous to invest more than oh say... $3.  True enough, but above a certain point it makes less difference. My point is more that when the Bitcoin network is large enough, as it is now, putting $10k into BOINC will do more for the world than $10k into Bitcoin. (Though it won't do more for your pocketbook!) I use some of my bitcoins to pay for my boinc habit. |
|
|
|
|
Show Posts
