Request dropped (Gauging Interest) This is a secured collateral based bond, not a bitcointalk re-make like most bonds.
I have been offered by a long and trusted member of this forum some miners, the miners are built and ready to be turned on. The miners will be hosted by a trusted board member, and operated from his mine.
Why buy this bond/loan? What makes it worth your time?
Easy its secured, with a real return figures.
Coins per 24h at these conditions 0.0428 BTC
We will be safe and say .035 * 7 = 0.245 per week
Comes to around 1
BTC Minus the interest payment of 6% would
equates to .78 per month x 6 = 4.68
minus principal we will call it 3.5
profit of
BTC1.18 profit.
Break even by
http://www.bitcoinx.com/profit/ is 3 months
I am offering bonds
secured by 1TH bitcoin miners, the miners will be held in
trust until the bonds are paid off in full.
While the miners are in trust interest only payments will be made in the amount of
6% per month for the first three months. After the first 3 months principal payments will start, the payments will be the principal divided by 3 in addition to the
6% monthly interest.
Each bond will be active for 6 months, at the end of 6 months payment is
due in full. If bond is
not paid after 6 month with a seven day buffer, the miners are
taken over by the trustee. The trustee distribute assets to the bond holder minus liquidation expenses.
All interest payments must be paid on activation date of the bond with a buffer +4 days.
If payments are
not ment within 4 days the trustee takes control of miner for 10 more days collecting all revenue in a trust account. If payments are
not caught up in the 10 day period the miners are liquiated. The revenue from the trust account and the sale of the miner minus fee's for liquidation paid to bond holder.
Each bond is equal to $2000 or its equal in
BTC at time of purchase.
Terms and things to know.
Activation, is 30 days after the purchase of bond. 1st interest payment due date.
Trust, A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.
Interest rate, The interest rate is set at 6% per month. Ex. 3.5
BTC would yield a return of 1.26
BTC return after 6 months. In dollars it would be $2000 Principal, and $720 in interest.
It pretty much says that, I am getting a loan for each miner at 6% you host the miners and if I do not pay you sell them off or give them to the bond holder minus what ever you charge them to do it.
All (B) class bonds are tied to
BTCAll (D) class bonds are tied to $USD * Only 1 or 2 of these* I want to make sure I can cover them with my paycheck if the price goes wonky.
Feel free to ask questions
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