I'm aware of that

I'm quite sure that most people who have a position in PAJKA.BOND are not holding it because it mines 3MH/s but because it promises 15MH/s when BFL delivers. In the same way people value ASIC.COOP differently etc.

Comparison of mining securities

Since I cannot embed the document directly, and cannot export from google docs as an image - I have screenshotted the output manually.



https://docs.google.com/spreadsheet/ccc?key=0AgJpAFrm8wAzdHpXbGFsQ1lVX0h2YkNXSTNSQi1LRmc#gid=0

Aren't there startups based in BTC funded by VC's

Why aren't there group funded projects?

Isn't ASIC.COOP the cheapest in terms of MH/s/BTC?

PAJKA.BOND is offering 170.45 MH/s/BTC (0.087999 per share and 15MH/s per share)
ASIC.COOP is offering 720 MH/s/BTC (0.5 per share and 360MH/s per share)

It's over 4 times more efficient.

They'll start hashing when they receive their BFL BitForce SC ships - i.e. the same boat as PAJKA.BOND in terms of dependence on BFL.

I don't think this is a problem.

Miners will continue to mine until it is near non profitable to do so.

The only way bitcoin's security will be compromised is if someone immediately appears with > 51% of the systems hashing power and thus can slowly undo transactions in the blockchain (i think) - but this involves significant costs.

And if the system is compromised, people will deem their btc as worthless and cash out/accept their losses, and that person who wishes to sabotage the network will be left with a lot of worthless currency.

It is not profitable to be dishonest, and mining will always approach nash equilibrium

It just seems that historically, xkrikl has upgraded the bonds for free. I'm asking if this trend will continue.

Are there any plans to increase hashing power past 15MH/s per bond after BFL delivers (if they do)?

spoke too soon

finally not a newbie

You can use something like NashX

food

hi

ASICMiner doesn't sell direct shares anymore. The original shares were available through GLBSE which shut down, and now only passthrough shares (i.e. an operator holds the actual shares and has an ownership stake, but we trust him to pay us the dividends and pass on ownership rights) exist.

A return on investment of 2 years (i.e. 50% a year) is INSANE in comparison to something in the real world. A ROI of 7 years is expected in the real world, and as you can imagine, there is also a lot of risk involved with investing in ASICMiner and Bitcoin as a whole.

There are several major ASIC manufacturers, and ASICMiner is the only one which actually mines on the side. They auction off their old blades, their USB miners, and invest in new hardware to bolster their hashrates, and something around 60% of all profit is divided equally amongst shareholders.

I see ASICMiner as a prime candidate as an investment opportunity as compared to usual perpetual mining bonds (PMBs), they are not bonds, they actually create the future of bitcoin mining (ASIC design and creation) and they have incentive to constantly increase their own hashrate, as the owners have an ownership stake in the company as well. Most PMBs such as TAT.VIRTUALMINE, YABMC etc offer a higher payout % per mh/s i.e. 95% or 100%, yet they do not offer or promise increased hashrates in the future (when difficulty rises) so it is essentially diminishing returns until the bond is worthless, as it is simply a loan.

There is risk, but ASICMiner would be a company with the lowest risk at the moment, IMO.