TyGrr-Bot (GLBSE)
TyGrr-Bot is an automated arbitrage trading system TyGrr Virtual Industries has been working on in its laboratory for the last 2 months. This bot will trade at different exchanges and in different currencies to maximize profitability.
This bot is designed to only make a trade if profit is guaranteed. This bot does not use an algorithm to guess the future price of BTC. TyGrr Bot is extremely fast insuring it will have access to the best trades.
We expect to be fully operational in one week and expect to be paying dividends in 2 to 3 weeks. This is not guaranteed.
We are now selling TyGrr-Bot bonds on GLBSE at the rate of 1BTC for 1 TyGrr-Bot bond.
Dividends will be paid weekly around 6 PM Thai time and in the form of BTC.
The rate of dividend is not guaranteed and will be reflective of the returns generated that week minus operating costs.
To operate trades effectively we will need to hold large amounts of BTC and currency on the exchanges. This is why we are selling such a high amount of bonds.
We will be trading and holding USD, EUR, GBP, THB, CYN, SLL, and BTC.
I will be happy to answer any and all questions.
Thank you,
Chaang-Noi (CEO of TyGrr Virtual Industries)
It is a very good idea overall, and I believe it will make an excellent contribution to the Bitcoin market if it's indeed profitable and (hence) sustainable. But is it very practical really? The gross gain has to exceed (trading fee + deposit fee + withdrawing fee) to make any profits. Unless you have some unique ways to greatly reduce or eliminate some part of the fees.  |
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I need to take two semesters of a foreign language, but I'm not sure which language to learn. My choices are French, Chinese, Italian, Spanish, and German. I've been leaning slightly toward Chinese; I don't really like the "sound" of Romance languages, and Chinese culture seems interesting. I've heard that Chinese is pretty difficult, though, and it probably wouldn't be as useful as Spanish. Also, I intend to learn Japanese someday, and I'm worried that knowing the Chinese readings of characters would mess me up (or would it actually help?).
Any advice?
As a Chinese, I'm willing to remind you that learning Chinese is not that rewarding as learning IndoEuropean languages. You should be prepared that after one year of study, you will be still struggling reading element school level materials, while your friends who chose French are already happily reading Bastiat without any difficulty. Not because Chinese is intrinsically harder. It's just too different from English in almost all aspects.  |
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The GLBSE will be offering the market maker a very low trading fee rate. So large and professional fund manager can make profit through MM. I bought some shares of mu.
Thanks for reminding us! We haven't thought about this before. But as our comprehension of MM, it needs some kind of frequent follow-up of the market. This is what we are not able to do currently. But it seems to be quite a promising business in the future. |
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| Mining Co. | Shares | Share Price | Value | Hashrate (Gh/s) | BTC/Gh | Mh/share | Mh/btc invested | | Bitcoin Syndicate | 12,000 | 0.250 | 3,000 | 6.0 | 500 | 0.5 | 2.0 | | BMMO | 4,000 | 0.357 | 1,428 | 4.0 | 357 | 1.0 | 2.8 | | MergedMining | 5,500 | 0.133 | 732 | 1.6 | 457 | 0.3 | 2.2 | | Tygrr | 1,500 | 3.000 | 4,500 | 12.0 | 375 | 8.0 | 2.7 |
Taking a look at my first proposal for Fresca, and a revised proposal: | Mining Co. | Shares | Share Price | Value | Hashrate (Gh/s) | BTC/Gh | Mh/share | Mh/btc invested | | Fresca | 4,000 | 1.000 | 4,000 | 9.3 | 430 | 2.33 | 2.33 | | Fresca (revised) | 3,333 | 1.000 | 3,333 | 9.3 | 358 | 2.79 | 2.79 |
It seems that you are mixing up some market price with IPO price in this table. The IPO price of BMMO was 0.1BTC/share, not 0.357BTC/share.( https://bitcointalk.org/index.php?topic=66610.msg773182#msg773182) The IPO price of MergedMining was 0.1BTC/share, not 0.133BTC/share.( https://bitcointalk.org/index.php?topic=47490.msg565679#msg565679) Therefore your claim of "comparable" should be somehow compromised. It seems that the overall returns of newer companies like BTCSYN are much lower either. I wonder why, maybe it's because the issuers' uncertainty brought by the threat from new mining technology?  |
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now there is trading fees on GLBSE 2.0. the liquidity problem will be even worse.
Agreed. At least the 0.5% ratio is a bit too high. |
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In addition, you said: "I am looking to raise about 1000 btc in exchange for ownership in this new 18Gh farm." In your original thread. Now it becomes 2001 or 4000 btc for 9.3Gh. It's rather disappointing to see the ROI reducing to 1/4 or even 1/8 approximately.  |
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Why can't I see any mention of Alipay for deposits or withdrawals in my Bitcoinica account?
For deposits I see the following options:
1. Bitcoin
2. Deposit by Bitcoinica Code (Instant)
3. Deposit by BitInstant (Instant)
4. Deposit by Mt. Gox Code (Instant)
5. Deposit by AurumXchange
6. Deposit by International Wire Transfer
For withdrawals I see the following options:
1. Bitcoinica Code
2. BitInstant
3. Mt. Gox Code (USD)
4. Mt. Gox Code (BTC)
5. Bitcoin
6. International Wire Transfer
No where is there a mention of Alipay.
Please advise.
Bitcoinica ended the support of Alipay deposits temporarily, several weeks ago. I've heard that it was because the cooperator on the Alipay side are afraid of the PRC government's anti-fundraising policy. But I've also heard that Zhou will find another cooperator in the near future. |
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Dividends- Dividends will be issued weekly
- Dividends will be calculated as net earnings divided by number of shares held
- Net earnings are earnings after retaining 30% for growth and costs of depreciation, power, internet, and facility
- At present BTC price and difficulty this would result in approximately 0.004 btc/share
I guess there are some problem about your estimation of btc per share. At the current difficulty, 9.3GH/s will result in 43.7BTC/week. Suppose each of your rigs will eat 1kW of power, then we have 4kW*24*7*0.052=34.94$/week as the power cost, that equals about 7.5BTC/week(with 4.67$/BTC). Then you have 43.7-7.5=36.2BTC/week, after the reservation of 30%, you still have 25.34BTC/week. That is 0.0063btc/(share*week), not 0.004. In addition, even with 0.0063btc/(share*week), the ROI seems to be very low as an IPO. It's about 33% per year. As you said, the anticipated purchase will be 1btc. Is the total rig price equal to the income of selling 2001 shares, and you automatically hold 50% by default? That's quite different to most of the existing mining companies on GLBSE. Because in most of them, the CEO usually either maintain less than 10% of the shares, or they sell all the shares but charges a fee of no more than 10%. This makes the profits vs IPO price much more attractable to investors. Finally, I am sorry for my harsh questions. Our investment fund is very interested in your mining farm and we have to get everything clarified before doing serious investing. |
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Hi everyone- I'm looking for your ideas about what would be nice to see in a new mining organization with features that get people excited to invest and be an investor - something interesting and lucrative. Here is the short of it: - In terms of credentials, I've been an active forum member for a long time and currently run a ~40Gh mining farm (mostly on maxbtc.com) - [note: this farm won't be part of the new mining company]
- I recently acquired 30 x 6990 GPUs in order to build a new ~18Gh farm
- I am looking to raise about 1000 btc in exchange for ownership in this new 18Gh farm
- The capital would be used to build rigs for the 6990's and upgrade power and ventilation in my data center
- Mining is quite profitable for me. I have facility and network fixed costs (which get lower as I add more rigs), but I only pay 5.2 cents/kwh in power
- Once I hit 50kVA in a month through expansion, or if I move to another county a bit further out, the power price will drop near 3 cents/kwh
I am looking for your suggestions on what you would want to see in a new mining operation. More dividends, more reinvestment, maximize profits, expansion into other uses for hashes (e.g. render farm, penetration testing, etc.)?? With your suggestions I hope to define the organization this weekend with an IPO next week. Sounds cool, especially with such inexpensive power costs. You said you acquired 30 new GPUs, plus your old ones, the total number of which may be near 100 GPUs. I heard even 50 GPUs are already a pain to manage. Are you planning to work on this full-time? Or will you need to hire someone else to do it? I now have about 200 GPUs. It certainly is taking a lot of my time. I've been able to use some tools like BAMT to make things easier to monitor and manage. I would like for this to become a full time endeavor by the end of summer, but I'm not quite in a position to do that yet. More IPO details coming tomorrow... Thanks for your reply. And I would like to ask, when you say "Once I hit 50kVA in a month through expansion", do you mean you could already reach 50kVA to bring the electricity price down by installing these 30 new GPUs, or are you talking about some further expansion plan of your farm in this month? |
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Yes, yesterday there was a purchase of 1200 shares.
Your mining farm is quite promising. Too bad we failed to catch the last bus of the Cognitive IPO. If the company is a good company with a integrity manager and promising future, you should not stop buy it only because the price doubled. based on my calculation, Cognitive is still one of the mining shares which has great investment value on the GLBSE, compared to lots of mining company. You are right. We will continue studying Cognitive (as well as mining with existing FPGA chips in general) to decide whether to hold some of it now or wait for the next round of its IPO. |
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Maybe you should focus on the dividend growth, the book value of the portfolio, rather than the share price. As 1000 BTC player on the GLBSE, you can hardly realize such kind of price increase in a IPO-buy-in-then-resell-it cycle. Because after the IPO, the liquidity is very against your plan.
It's only possible that you research the company seriously and hold them to have the dividend and growth.
The overall return to your shareholders will be very much close to the oeverall ROE of the companies you bought. Prices of some of the shares will rise, like Cognitive or BTCSYN, but some of them will fall, as RSM, a company with a mean and fishy CEO. And the liquidity is really a problem for the buy-and-run strategy. you cannot avoid buying in RSM like company. The GLBSE is a very self-regulated market.
I will buy some shares of this fund. Maybe you should chose some good company to hold for a longer time, not so many buy-IPO-and-run job.
you're interested and investing in a 3% per week return company? wow. GL.
Thank you very much for your advice. We are thinking about the same problem too. We were planning to take an approach which is a hybrid of "hold&gain" and "IPO&run". It seems that we were too optimistic about the second one. When liquidity becomes our enemy, we will keep more shares unmoved and profit from the dividends, as you suggested. But anyway, no matter we choose the hold&gain approach or the IPO&run approach, we could not totally avoid buying RSM-like shares. And on the other hand, no matter what approach we take, we have to try our best to avoid the RSM-like trap. (To the CEO of RSM: we are not criticizing your company and you in person, and we are just objectively pointing out that your constantly changing of plans is a bad business practice, which has been severely delaying your IPO and crippling the price of your shares.) The market price and the actual value are two faces of the same coin. In the future, when the GLBSE market grows bigger, we hope that liquidity will become a less concern. I don't quite understand your last paragraph. My English level is not enough for me to distinguish sarcasm from normal statements. We are interested in TyGrr-Bank, and we are aware of that it won't last long before the CEO buys them back. In fact, we are interested in every asset on GLBSE, but interest is different to investment choice. We will not necessarily invest in TyGrr-Bank, and currently it's just myself putting a relatively small volume of my own Bitcoins into it. |
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I missed the cognitive IPO waiting on funds to be deposited, but I'll be sure to get in on this one. If people reading your records and just copying you is an issue, then you can always remain fully open, but publish on a delay of a week or something. Best of luck to you guys.
Thanks very much for your wishes. And thanks more for your advice. We are not especially worried about anyone copying our investment tactics. What we are worried about most, is that once people know we have new IPOs as our preys and we have to sell some of our assets to re-invest, they would take advantage of the fact that a large selling is coming, then collectively lower the price to make a profit and hurt us. However, no choice is without tradeoffs. We choose to disclose a lot of information to gain trust. If we take a more secret way, we may be able to have the advantage of acting secretly, but there will probably be more people who don't believe us. |
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Subscribing. I will note for those on the fence that many favorable deals arrive by having a large quantity of funds and making it known you're looking for investments, though investments certainly don't have to be done exclusively through GLBSE.
If it is not known you have a large amount of funds and are investing, you will receive no offers. If you let it be known you are investing but do not have a lot of cash-on-hand, you miss out on a lot of great opportunities, and kick yourself every day after you've had to pass on it.
Pooling investment and lending to (or buying shares in) those with ideas & means to implement those ideas is a very wise move -- it gives the producers an idea of who to go to for funding. I understand how negatively group-think and centralization can be perceived, but it does have practical value in some applications. In the end, dis-associating yourself with a group is as simple as selling your shares/bonds/CDs/whatever.
Well, please excuse my ignorance, but your three paragraphs are maybe the hardest English text for me to read in this forum. (English is not my first language, and I still somehow suck on it) Could you please bother to interpret a little more? Thank you very much. Sorry about that. I was trying to suggest to potential investors (and those who just hold their Bitcoins) that they'll be exposed to much more favorable deals by pooling their money with an organization like muBit which will be well-known. Rather, if Bitcoin-CorporationX is seeking to deal with just a few investors, they will not send a message to 50+ individual investors, they'll go to maybe 3-5 collectives like muBit, and collectives like muBit will be the ones with access to the best deals. A large collective will also have an advantage (compared to individuals) with information. While a company or individual will likely answer many questions for a potential large investor, one person with a few BTC to throw around probably won't receive nearly the amount of attention. Thanks for your elaboration. Now I understand you without difficulty. Yes, these are the advantages of having collectives like investment funds. Their negotiation power, their reduction of costs, and probably their higher priority as funding providers all contribute to their advantages. While the downside of collectives, I think, is that they introduce an extra layer of indirection, and hence some extra risks, especially when they are on their infancy. |
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subscribing
Please look at and learn from the LIF disaster. I hope you will do much better.
+1 on this. Especially when there are only about 25 equities to really trade on GLBSE. This is our main concern too. There could not be that many great investment opportunities in a mere number of 25 or so stocks and bonds currently. But at least we have these two things to do about this: 1. As said in the OP, we will try to make loans when we have spare funds and there are temporarily no proper equities to invest in. The number of coins sleeping there without making any wealth should be as small as possible. 2. We will report the nature of our business and the current GLBSE market condition when IPO starts, and probably every week since then. In fact, we have already been discussing them now in the updates of our thread. We suggest investors to read through this thread and make thorough considerations before actually putting anything in muBit. |
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Subscribing. I will note for those on the fence that many favorable deals arrive by having a large quantity of funds and making it known you're looking for investments, though investments certainly don't have to be done exclusively through GLBSE.
If it is not known you have a large amount of funds and are investing, you will receive no offers. If you let it be known you are investing but do not have a lot of cash-on-hand, you miss out on a lot of great opportunities, and kick yourself every day after you've had to pass on it.
Pooling investment and lending to (or buying shares in) those with ideas & means to implement those ideas is a very wise move -- it gives the producers an idea of who to go to for funding. I understand how negatively group-think and centralization can be perceived, but it does have practical value in some applications. In the end, dis-associating yourself with a group is as simple as selling your shares/bonds/CDs/whatever.
Well, please excuse my ignorance, but your three paragraphs are maybe the hardest English text for me to read in this forum. (English is not my first language, and I still somehow suck on it) Could you please bother to interpret a little more? Thank you very much. |
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Subscribing because I seem to be missing a lot of GLBSE stuff. This LIF thing must have introduced considerable distrust against the GLBSE investment funds in general
to the Bitcoin community. It might be one of the major blocks to our business. But we have to overcome this.
Definitely! Diligent transparency will go a long way. Yes. We are taking an approach that's as transparent as possible. Actually, it will introduce some drawbacks. For example, when we become a significant player on the GLBSE market, people will watch our portfolio and and try to take advantage of us by predicting what we will do next. However, openness is our chosen way of running muBit, and we will stick to it. |
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