I invested some BTCs on TyGrr-Bank. Its return rate is one of the highest on GLBSE.  Currently only 1/5, that is 10,000 shares were sold. With 4/5 of the total shares left. Is 50,000 just a randomly chosen number as some kind of buffer for emergency, or do you have some short-term plans to enlarge your loan? Thanks. Hello friedcat, 50,000 was a semi random number. I do not know mow much capital I will need but I'm rather sure I will not need more than that! I have two projects I am working on and I am right now looking at privet funding. I really do not like the idea of taking BTC loans for projects priced in $USD. However I might sell a few more bonds if things don't work out the way I hope. Very soon however it is looking like I will have a different type of bond on GLBSE for a project that we will go public with in the next few days. Thank you for your interest. Thanks for your quick reply. We are now preparing for an IPO of a venture capital fund. I've been considering TyGrr-Bank as one of the most promising investees for our bootstrapping. But it seems that we are already late for your IPO, and we are worried that the market price of this bond will speedily increase to a level we couldn't afford. So we are glad to hear that you have a different type of bond listing soon, and I will study it as soon as you are ready to disclose some details. |
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good thing ben is there keeping the money supply nice and stable for us.  Also, it seems that the Fed is more desperate than ever, that it now needs the chairman to boast its so called "contribution" by giving lectures in universities. |
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I invested some BTCs on TyGrr-Bank. Its return rate is one of the highest on GLBSE. Currently only 1/5, that is 10,000 shares were sold. With 4/5 of the total shares left. Is 50,000 just a randomly chosen number as some kind of buffer for emergency, or do you have some short-term plans to enlarge your loan? Thanks. |
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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? |
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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.  |
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Update
Here is a very rough estimate about our growth in six months.
The calculations are based on the assumption that we do not
issue new shares and merely use our net incomes to do expansion.
Very conservative
Assume all our funds after the IPO are invested to several companies which
have a similar average return rate and value as PureMining, which has a monthly
ROI of 6.40% and the price per share rose from 0.32 to 0.36 (bid price,
12.5% increase) after the IPO. We also assume the price keeps steady at 0.36,
and has an enough level of liquidity.
Then, we suppose a new startup with a similar performance as PureMining will be
started and invested by us each month. Our strategy is to sell 10% of all our holding
assets to buy new IPO assets.
Our total assets will be 1000 BTC*(1+(6.40%+10%*12.5%)*60%)^6=1309 BTC.
Then if we decide at this time to temporarily stop expansion and pay all
net incomes excluding the 5% fee as dividends, we now can have:
1309*6.40%*95%=79.59 BTC of dividends. If you are an early investor who
bought our IPO, you will enjoy a monthly ROI of about 8% from then.
Very optimistic
Assume all our funds after the IPO are invested to several companies which
have a similar average return rate and value as TyGrr-Bank, which has a monthly
ROI of 13.75% and the price per share is assumed to be rising from 0.1 to 0.2 (100% increase)
after the IPO. We also assume the price keeps steady at 0.2, and has an enough level of liquidity.
We also suppose a new startup with a similar performance as TyGrr-Bank will be
started and invested by us each month. Our strategy is to sell 10% of all our holding
assets to buy new IPO assets.
Our total assets will be 1000 BTC*(1+(13.75%+10%*100%)*60%)^6=2224 BTC
Then if we decide at this time to temporarily stop expansion and pay all
net incomes excluding the 5% fee as dividends, we now can have:
2224*13.75%*95%=290.51 BTC of dividends. If you are an early investor who bought
our IPO, you will enjoy a monthly ROI of about 29% from then.
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UpdateThe IPOs of TyGrr-Bank( https://bitcointalk.org/index.php?topic=67818.0) and Cognitive( https://bitcointalk.org/index.php?topic=67547.0) are already finished. This news is either bad or good depending on how we see it. It is a bad news because we are too late to catch on (both of them have a apparent tendency to hugely increase in value). But at the same time, it is a good news in the sense that the volume of cash flow in GLBSE is way more than we thought, therefore the possibility of new startups with great potential appearing soon is also higher than we expected. Nevertheless, we still decide not to delay our IPO date. We will actively pursue new high-return and safe investment opportunities with our funds, which is all what muBit does anyway.
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UpdateWe have prepared for the materials needed to prove our identity. They are already sent to Nefario for verification. The IPO has not been started yet. If you are interested in investing, please be patient. It is the first time we start a startup, and we want to get everything right before actual fundraising. If you are still suspicious of muBit, we are here to answer every questions you ask, and will do our best to explain any aspects of our business plan to you.
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Update
Example about how our dividends are calculated:
Profits from assets
Assume we have hold 100 shares of a stock A, each share of which
was initially bought with the price of 1BTC. The first week we received 0.02BTC
per share, that is 2BTC in total. Then we pay 35%*2=0.7BTC as our dividends,
charge 5%*2=0.1BTC as fee, and reserve 60%*2=1.2BTC for future expansion.
Then, the price of the stock rose to 3BTC per share, and we decided to sell 20
shares of them. After selling, we get 60BTC. The 20 shares we sold is originally
bought with 20BTC, therefore the net profit is 60-20=40BTC. Then we pay 35%*40=14BTC
as our dividends, charge 5%*40=2BTC, and reserve 60%*40=24BTC for future expansion.
We also have 20 extra BTC left, which does not belong to the net profit, but the return of original cost.
This part of funds is also used for re-investments.
Profits from loans
Assume that we lend 100BTC to some one. She paid back 105BTC after a week.
The net profit is 105-100=5BTC. Then we pay 35%*5=1.75BTC as our dividends,
charge 5%*5=0.25BTC as fee, and reserve 60%*5=3BTC for future expansion.
We also have 100 extra BTC left, which does not belong to the net profit, but the return of original cost.
This part of funds is also used for re-investments.
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If it's not a scam, then may the Satoshi be with you!
"mu" is listed but last time I checked did not have a price set...
Kinda Off Topic, but Nefario, thank you very much both for setting up GLBSE (such a great tool) but also for your due diligence.
Of course it does not have a price set yet. I haven't started to sell the shares. |
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I'm an financial industry professional myself. I will NOT buy any stock issued by investment bank in the bitcoin community. I work for the buy side.
because the website that is build, the way the management team answer the question, the personal style is very important for one to make a investment decision. if a investment bank doing all of this job for the company, I will miss lots of hints and information. For example, I did not invest in RSM mining company, because through reading his post, I just find the CEO a mean and unfaithful person. If he hired a investment bank, I will not be able to discover this. Those investor who did not pay attention with the style and hints leaked by the CEO of RSM now is suffering pain and loss.
And all the investor should know that, an investment banker is hired for selling the stock of the company, they are professional in luring people buying the stock. They will lead you make a decision which may be not for the best interest of yourself.
DON'T buy stock issued by INVESTMENT BANK.
There will be as much scam and market manipulation as in Wall Street. They earning the money by lying and misleading.
In real world, the investment banking industry is born with the inclination of misleading and lying. The SEC came out in 1934, after the 1929 great depression which the unregulated investment banking industry scamming people with no limit. The SEC is a balancing power for the right of the public and the misleading tendency of the investment banking industry. If you buying stock issued by investment banking on the GLBSE industry, you're buying stock from the investment banking running in before 1929, which is born to be scamming.
I'm not personally against friedcat, just talking about the common sense in investing on GLBSE. the way the CEO communicate with the potential shareholders, the website the company build and etc is very important information for you to judge the company.
And I'm sincerely ask firedcat to let the entrepreneur do this themselves. Investing on a GLBSE company is investing in the people. Don't hide the entrepreneur or the swindler behind your Meticulous service. I want to see it.If a company hired a investment bank to help them sell the stock, I will know that the CEO is now under the guide of some professional sales and all the subtle clues will be carefully remain under cover.
And as I mentioned in my other replies, I'm not planning to do any investment banking myself. I'm just interested in this idea and provide some quick thoughts. |
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I'm an financial industry professional myself. I won't buy any stock issued by investment bank in the bitcoin community. I work for the buy side.
because the website that is build, the way the management team answer the question, the personal style is very important for one to make a investment decision. if a investment bank doing all of this job for the company, I will miss lots of hints and information. For example, I did not invest in RSM mining company, because through reading his post, I just find the CEO a mean and unfaithful person. If he hired a investment bank, I will not be able to discover this. Those investor who did not pay attention with the style and hints leaked by the CEO of RSM now is suffering pain and loss.
And all the investor should know that, an investment banker is hired for selling the stock of the company, they are professional in luring people buying the stock. They will lead you make a decision which may be not for the best interest of yourself.
DON'T buy stock issued by INVESTMENT BANK. There will be as much scam and market manipulation as in Goldman Sachs and Morgan Stanley. They earning the money by lying and misleading.
If a company hired a investment bank to help them sell the stock, I will know that the CEO is now under the guide of some professional sales and all the subtle clues will be carefully remain under cover.
This is a quite serious accusation. I agree that there are many shady things going on inside the investment banking business, but I won't consider it an evil business as a whole. 1. The division of work is inevitable and beneficial. Professional organizations for managing fundraising reduces entrepreneurs' total cost. They may nourish some scammers, but they also helped many honest businessmen. It is hard to say which outweighs which. 2. In the long run, scams and frauds will be revealed under the sun. The honesty scores of investment banks are tied with the honesty of their clients. For example, if large investment banks all act in an insincere way, more and more people will share the same impression to them with you. Their business will decay and die. 3. I don't know much details about Goldman Sachs and Morgan Stanley. But I think they have government supports behind them. In a freer market like that of Bitcoin, I think investment banks will even be less "evil", because of the fact that no one can save them from the loss of credit. |
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UpdateHere is some brief discussion of our initial business plans. We are considering including some of the following assets in our portfolio. You could certainly directly invest in some of them without muBit. But we will maintain the portfolio, selling assets when profitable, reinvesting in new IPOs, etc, all of which you might not have enough time to do. It's basically an exchange between paying a 5% fee and constantly doing the VC job yourself. Planned IPOshttps://bitcointalk.org/index.php?topic=66204.0Pros: The 6990s are easy and fast to get. The power price in the CEO's place is very low, and will possibly even be lower in the future. Cons: The IPO hasn't been started. And it will take some time to collect a total volume of 1000BTC according to the OP. Underway IPOsRSM ( https://bitcointalk.org/index.php?topic=63257.0) Pros: It is claimed to have a higher ROI than most of the other mining companies. Cons: Its IPO is significantly slowed down by the CEO's frequent unexpected change of plans. This might further damage the price after the IPO stage. TyGrr-Bank ( https://bitcointalk.org/index.php?topic=67818.0) Pros: It has a high interest rate. If the CEO does not decide to sell more shares in the short term, the price might rise significantly. Cons: The interest rate may reduce in the future. Cognitive ( https://bitcointalk.org/index.php?topic=67547.0) Pros: It is an x6500 FPGA based company. We have the history performance data of an existing x6500 FPGA company as our reference. The price of each FPGA.contract's share increased by about 40% between the IPO period to now. Cons: The MH/$ of x6500 is lower compared to GPUs and BFL Singles. In the foreseeable future, BFL-based mining companies might thrive, attracting people's investments away from x6500 miners.
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I want to know how this going.
The IPO hasn't been started yet. We are still making preparations about the identity verification and first-stage business plans. |
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What's your experience, if any, with startups? Let me know if you need any help! Frankly we have no first-hand experience with startups yet. We have some basic training on economics, some knowledge about finance, and understand some basic principles on how to start and run a business. But no, we haven't started or worked for any startups before. We really appreciate your kind offering of help. We will ask for your advisory if we need aid and guidance. Thank you very much. |
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subscribing
Please look at and learn from the LIF disaster. I hope you will do much better.
I had some brief impression about the dead assets named LIF, LIF.A, LIF.B, etc before. Then I studied the case of LIF as you suggested. It is probably a fraud. If he indeed lost his coins unintentionally, he could stand out and explain, but it seems that he just disappeared. We are doing honest business, and we are going to keep our financials entirely open from the very beginning. But thanks for pointing out the LIF disaster for us. We will be more careful about keeping the investors' money safe. 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. |
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Why are they collecting trillions in foreign securities?
So the countries they buy the securities from have enough money to buy the products China produces. It's like a giant department store credit card. They issue you the card hoping you'll run up debt buying their products, but even if you don't buy anything form them, they still make money off your interest payments. Makes sense, thanks. I still don't really understand the effects of devaluing currency on industry though. Using currency devaluation, the Chinese government is actually giving subsidies to exporting-oriented industry, while damaging ordinary citizens by introducing inflation. The exporting-based economy have been a long-term policy of China since the economic reform. The government acts in this way for these two reasons: 1. The demands inside China is not enough to create many jobs. And the Chinese government deeply fears the unemployment rates, probably much more than any western countries, because the dissatisfaction to the government is about to burst at any time. 2. Exporting-based economy is the best way to use the price signal (of which the origins is from abroad, not China) to guide the resource allocation without the adoption of a fully functional free market. A truly free market economic system is the last thing the Chinese government wants to see, because it will weaken and finally destroy any form of tyranny and dictatorship. |
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UpdateI replied Nefario's call for identification. The IPO will begin after I pass the verification process. Thanks to everyone who are interested in muBit, and I'm sincerely in need of your advice and criticisms, on my way of doing business, my IPO details, my poor English skills, and everything else.
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do you offer only the administrative part or also proxy to nefario (ID requirements)? please look at current best practices and emerging standards (contact info - links to forum, threads, important posts; maintaining summary post of past dividends, update company profiles - if mining then capacity etc) just start a 3-ring-binder and license it with optional assistance  good luck and best wishes It's just my quick thought. I myself is not qualified for that. And I now believe that it's still not the time for this kind of business to survive. The GLBSE economy, and even the whole Bitcoin economy, are still in infant states. I hope investment banking could happen soon though. Thanks for your advice anyway. |
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