Second round pricing update
After assessing market demand at the original second round offer price and talking with potential investors, I have decided that I will reduce the price for the second round shares quite a bit.
The new price will be 0.625. Don't forget my bonds pay 105% PPS
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Second (and final) round of bonds are now available on GLBSE.
New investors will receive their first payout on Saturday, April 14
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Second Round Pricing Announcement
Pricing for the second round of 5,000 bonds (2Mh/s x 5,000 = 10Gh/s) will be 0.75 btc for 2Mh/s
This reflects the recent rise in Bitbond prices on GLBSE while offering a better return than competitive offerings such as PureMining, which is currently trading at .85 btc for 2 Mh/s and pays less than Bitbond.
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Thanks Gigavps for the kind words and congratulations on your very successful IPO!
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Hi everyone! I was happy to pay our first coupon payments today for first round investors - the first of many many more to come. This is my first time using GLBSE to make payouts, but it seemed to calculate everything correctly. You should see a payment of 0.00313828 btc for each 2 Mh/s coupon you hold. Let me know if there were any issues. Next payout will be on Saturday
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This could be a decent offering. It will be difficult to offer 4U space with only 2amps though. That's the nominal draw on my 4U server and it cranks up beyond that if it's actually doing anything. Spindles pull a lot of power.
I will follow this though and am interested in your price point.
I'd be fine offering more power at the same price point. I can figure out what that might be. I just didn't want to get into hosting very power hungry servers like dense blade servers or bitcoin mining rigs. Most colo is overpriced and provides more service than necessary. I'm currently in Equinix in VA and it has at least 12 different interconnects, multiple redundant power, etc., etc., which isn't all that necessary unless you have a massively mission-critical application.
If this could be a happy medium with stability, network uptime, and decent power (even if it's not on UPS), I'd definitely be interested.
Cool. That's exactly the kind of need I'm looking to address - solid but not overkill.
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If the $121 GC is still available I'll take it
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Purchasing is offline. Wonder if that means site updates are coming?
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Sounds interesting. Good luck!
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Two Announcements:
1) I have announced that the next round of bond will be available for purchase 9AM Pacific Time on Monday 4/9. Price will be announced before the offering and will reflect current trading price and other factors, but likely will be similar to the first round
2) A competing offering was announced by Gigavps. Bitbond offers 105% PPS (instead of 100% PPS), faster ROI, and twice as high of a buyback premium. Thus I expect Bitbonds to not only be more lucrative in payouts but also command a higher trading price over time.
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As some of you may have noticed, there have been some ads running on the forum for Bitbond. I will be announce a firm second round bond sale date and price soon.
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Maybe you should put an end date?
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Guys, check out the pure awesome radiating from this thing. What a beast. Beauty!
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I would like to get a sense of how much interest there would be in a colo hosting service payable in bitcoins. If things pan out in the next few weeks I will be able to start moving some of my equipment in to a new data center space that I am building out near Seattle. One of the features of this new facility is that it has fiber optic 100 Mbps symmetric service, that can be upgraded to 1 Gbps. From what I can tell it is peered off of one of Level 3's trunk lines. For my purposes I won't use anywhere near that level of bandwidth. In fact I am quite content with 10mbps or less. I addition I have space for one or two full cabinets. Thus, I am thinking about offering server colocation. My initial thoughts would be to offer something along the lines of: - 1U - 4U with 10 Mbps unmetered bandwidth
- 2 Amps of power included
- Free server restarts and related services
- Pricing in the range of 10 btc/month
- Option to upgrade to 100 Mbps unmetered for an additional 30 btc/month
While I would be able to offer uninterrupted power and good network infrastructure, the caveat to such a service will be that I cannot (at least at first) offer multiply redundant Internet connections and response times for issues might be in the order of several hours. In other words, if you have a site that needs maximum uptime then this probably wouldn't be for you. Let me know if that sounds like it might be interesting to you. If enough people are interested, I will put together a formal offering and get the additional equipment that I would need to offer the service.
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I didn't read your post above thoroughly, but it seems like that will work. Pay out the coupons before releasing more.
Also, if the newly released shares don't sell within a day, you could always increase the price by an amount equal to that day's earning, meaning people buying later pay more, but still get the full week's earning. This is similar to how an efficient market prices bonds during the coupon period. For example, a $100 with $2 accrued, but unpaid, interest would sell for around $102, all else being equal.
Thanks Brendio for the sanity check. Your suggestion on the pricing is a good one. If it does take longer than a day I'll probably follow that strategy
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Update: Firm details can now be found in the payouts postInitial Coupon Payment AnnouncementThe first week of mining begins on Saturday, April 7 at 2PM Pacific Time (UTC -8). The second round of bonds available for sale will occur after the first mining week starts, sometime during that first week. This poses a problem of how to pay coupon payouts for the first mining week. Investors from the first round will be due a full week's payment on April 14. Investors from the second round will not have been invested for the entire week and thus are due a pro-rated amount. To my knowledge there is no way to distinguish in GLBSE during which round a particular investor invested (if someone knows of a way, please let me know). Accordingly, I plan to structure the first week's payouts as follows: First round investors:I will pay a payout before the second round bonds are put up for sale. It will include the time from when the mining week begins through the first day that the second round of bonds is up for sale. For example, if the second round is available for sale on Tuesday, 4/10 then I will make a payout on 4/9 for the mining rewards starting from the mining week starting (4/7 at 2PM) through 11:59PM Tuesday, 4/10. In this example, 105% of PPS x your hashrate x 3 days and 10 hours. First round investors will receive a second payout for the remainder of the week's mining earnings on 4/14 Second round investorsBased on the first round offering, I expect the second round to sell out quickly - mostly likely within a day. Assuming that, I will pay second round investors their first payout on 4/14. Their first payment will be for the period of the day after the second round is offered until the end of the first mining week. For example, if the second round is available for sale on Tuesday, 4/10 then mining earnings will start on 4/11. I will make a payout on 4/14 for the mining rewards from 12:00AM 4/11 until the end of the mining week (4/14 at 1:59PM)
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Anything that isn't a valid hostname will break your graphs and probably cause other problems. This has nothing to do with BAMT specifically, it is a munin thing. Your bamt rig name is used to set your hostname and create your munin config (and some other things). Stick to things that are valid in a dns hostname and you will be fine.
I don't think that's the issue though. Capital letters are allowed in hostnames and my hostnames don't have any characters disallowed by the RFC rules. http://www.zytrax.com/books/dns/apa/names.html
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Thanks for that explanation. On the GLBSE posting under "Total Shares Issued" it lists 10000, which I assumed meant they all had been issued on the 1st go round. But we all know what happens when you assume... Yes, the terminology is a little confusing. "Issued" seems to imply sold, it just means created. Offering them for sale is separate.
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For the next round are you going to issue another 10000 shares that represent an additional 20 Gigahash making it 40 Gigahash total? Or will they be issued toward the initial 20 Gigahash, lowering the returns? Or am I completely wrong and misunderstanding how this works? haha
There were 10,000 bonds created at 2 Mh/s, representing 20Gh/s total. The first round was 1/2 of that, 5000 bonds making 10Gh/s. That sold out very quickly. The second round is the other half of the offering, the other 5000 bonds making 10Gh/s. The returns (2Mh/s per bond paid weekly as 105% PPS) will be the same whether you bought in the first round or second.
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