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Yes, I asked him. He was thinking about it apparently but didn't want to issue on GLBSE. I proposed to make a pass-through and he was okay with that.
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KRAKEN SPREADSHEET REPORTJump to default information postHello, Since PatrickHarnet will not issue on GLBSE and will only accept 100 BTC slices, I created a pass-through for his Kraken Fund ( https://bitcointalk.org/index.php?topic=100913.0). Watch out for the new issue with ticker KRAKEN on GLBSE. Price of shares: 0.01BTC each Current weekly dividend: 0.000225 BTC (2.25%) Buy back: Possible if Kraken Fund cease operation. Rate is variable, 2.25% assumes the weekly target 2.5% is met. This pass-through offers no guarantees. You will have to trust PatrickHarnet for returns. 
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14x36ktcNuf3CNrkVH1XY7vXwGHb9mCZwF
Received
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Mining returns of 30.055269 BTC paid @ 0.0127245 BTC per share for the week of 5th August to the 11th August of 2012
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Everyone added. i didnt understand how will the 20 shares will be given to the participants...
A number will be drawn between all participants according to the list on main topic. Each new entrant has a number assigned. |
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Well, it seems we are the most funded operation on GLBSE going for ASICs that is not a fixed mhash/s bond, as far as I can see.
We are also getting much closer to be able to afford a first ASIC Mini Rig. We might get in after those who have already ordered like Gigamining and the like, but we will definitely get a better mhash/s rate per BTC than fixed bonds.
Cheers.
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Mining returns of 27.73213913 BTC paid @ 0.01212599 BTC per share for the week of 29th July to the 4th August of 2012
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Ah, sorry, there was a typo in the BB code. Fixed.
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Mining returns of 30.20946528 BTC paid @ 0.01453776 BTC per share for the week of 22th July to the 28th July of 2012
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Ah well, hope it won't be too much of a pain to fix.
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Typoed a 0 or two extra in it?  |
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Mining returns of 30.87029862 BTC paid @ 0.01526721 BTC per share for the week of 15th July to the 21th July of 2012
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I'm waiting for reply from BFL for current delays.
As per one of the previous motion, our funds are lended to Bitbond's issuer in exchange of hashing. They are not due back until the end of August.
By then, with the long shipping time, it might not be worthwhile to get the FPGA version then with the ASICs expected not too long afterward. There's no point in ordering one if we receive it after the ASICs are out and must wait after it then ship it back right away.
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The assets are indeed backed by my shares of BTC-Mining currently but the funds were not planned to go toward BTC-Mining. The loan will be used outside of GLBSE. I also plan to diversify the backing assets.
I added an auditing link. You may keep an eye on it and see if it becomes diversified enough in your taste should you be interested in secured bonds.
I may convert at some point later to automatic updates. I use 2 step verification and I want to verify if API allows to put in trades anyway. I don't want to allow API if it does. Will ask nefario about that first.
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Hello, BTC-BOND is a true bond. A straightforward loan. This is a 0.03% daily interest loan bond. Free InsuranceAssuming catastrophic turn for bitcoins & all the bitcoin market, your investment will keep a 1 USD per bitcoin value, limiting a potential complete loss of it's value. ContractInterests:
- Bonds shall pay a variable interest of no less than 0.03% daily.
Bonds value:
- Bonds have a face value of 0.01 BTC
- Bonds retain a minimum of 0.01 USD value each. Should any event make Bitcoins
become valued at less than 1 USD per Bitcoin or impossible to be transacted, you
may request to redeem your bonds for 0.01 USD instead.
Redeeming Bonds:
- Bonds can be redeemed at face value anytime upon request.
- Redeeming bonds may take some time to liquidate positions or procure more BTC.
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All in all, bitcoin difficulty VS. bitcoin prices, the divs have improved.
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I get it from EskimoBob's complaint about the huge difference that you may raise Teramining hashing per share if you can give more based on what you end up being able to offer, but you didn't want to offer more before knowing you could provide it.
However, considering the trade in gives you 20x more hashing and you give 20x more hashing (for a 0.25BTC fee on 1 BTC IPO, about 20% of total given to you, I suppose we can put that as your approximate margin + operating costs).
While that increase is far less than what you can currently pay per BTC, I suspect it is so since you purchased the FPGA rigs when BTC were around 5$ per BTC if I'm not mistaken.
I'm asking because I'm starting a secured BTC loan based on GLBSE assets collaterals and will need to diversify my holdings instead of being invested in only a few operations. It increases rewards and risks for me while insuring loaners against BTC devaluation or single companies failing. (Strangely, secured loan bonds are not available yet.)
~~~~~
I'll be back to you about the GPUs. Will need to verify something.
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