Bitcoin Forum
October 18, 2017, 05:16:19 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: [1]
  Print  
Author Topic: Not your typical mining bond :)  (Read 830 times)
ShadesOfMarble
Donator
Hero Member
*
Offline Offline

Activity: 543



View Profile
October 22, 2012, 07:54:26 PM
 #1

Hi everyone!

Today I would like to present you a sepcial kind of mining bond: http://btcmining.biz/

TL;DR: Shares start with 0.1 BTC each for 1 MH/s, free upgrade to 10 MH/s as soon as our already ordered ASIC devices are fully operational, value of each share is coupled to ASIC hardware price, we buy back shares at any time for 90% of current value.

This operation is managed by me and user "prawda".

Review of the Spondoolies-Tech SP10 „Dawson“ Bitcoin miner (1.4 TH/s)

[22:35] <Vinnie_win> Did anyone get paid yet? | [22:36] <Isokivi> pirate did!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508346979
Hero Member
*
Offline Offline

Posts: 1508346979

View Profile Personal Message (Offline)

Ignore
1508346979
Reply with quote  #2

1508346979
Report to moderator
1508346979
Hero Member
*
Offline Offline

Posts: 1508346979

View Profile Personal Message (Offline)

Ignore
1508346979
Reply with quote  #2

1508346979
Report to moderator
Korbman
Legendary
*
Offline Offline

Activity: 1064



View Profile
October 23, 2012, 02:55:59 PM
 #2

Hi everyone!

Today I would like to present you a sepcial kind of mining bond: http://btcmining.biz/

TL;DR: Shares start with 0.1 BTC each for 1 MH/s, free upgrade to 10 MH/s as soon as our already ordered ASIC devices are fully operational, value of each share is coupled to ASIC hardware price, we buy back shares at any time for 90% of current value.

This operation is managed by me and user "prawda".

Given what I've seen in the past, this is a typical mining bond  Cheesy

That said, I don't have a problem with these kinds of bonds. What I do have a problem with is the cost. 0.1BTC per MH/s? That's not very much...especially given the hardware out there now (and everything coming out soon), it might be better to figure out if switching to GH/s is a much more feasible business plan.

ShadesOfMarble
Donator
Hero Member
*
Offline Offline

Activity: 543



View Profile
October 23, 2012, 04:30:19 PM
 #3

1 GH/s for 0.1 BTC? Well, that would be 6 BTC for 60 GH/s. How much is a BFL Single SC?

"this is a typical mining bond" - which bond offers buy-back at any time?

Review of the Spondoolies-Tech SP10 „Dawson“ Bitcoin miner (1.4 TH/s)

[22:35] <Vinnie_win> Did anyone get paid yet? | [22:36] <Isokivi> pirate did!
Korbman
Legendary
*
Offline Offline

Activity: 1064



View Profile
October 23, 2012, 04:58:12 PM
 #4

1 GH/s for 0.1 BTC? Well, that would be 6 BTC for 60 GH/s. How much is a BFL Single SC?

Good point, but I didn't say it was perfect Tongue ..I just wanted to make the point to look to a model that focuses on GH/s instead of MH/s, since once the transition to ASIC completes (whenever that may be) GH/s is all we'll be seeing anyway.

"this is a typical mining bond" - which bond offers buy-back at any time?

I'm just pullin' your leg Cheesy ..I can't remember which ones do what anymore. By typical, I meant "perpetual mining bond", which used to be pretty prevalent before the collapse of GLBSE (and I still seem them around from time to time).

ShadesOfMarble
Donator
Hero Member
*
Offline Offline

Activity: 543



View Profile
October 23, 2012, 07:01:31 PM
 #5

1 GH/s for 0.1 BTC? Well, that would be 6 BTC for 60 GH/s. How much is a BFL Single SC?

Good point, but I didn't say it was perfect Tongue ..I just wanted to make the point to look to a model that focuses on GH/s instead of MH/s, since once the transition to ASIC completes (whenever that may be) GH/s is all we'll be seeing anyway.
If just want to see "GH/s" then I can offer ou 0.001 GH/s for 1 BTC Wink Or 1 GH/s for 100 BTC (which will be 10 GH/s when ASICs arrive).

I'm just pullin' your leg Cheesy ..I can't remember which ones do what anymore.
No one offered:
- Buy back at any time
- Share price coupled to hardware price

If you wanted to sell your shares, you had to wait until someone was buying them. If difficulty would have skyrocketed and as such trading price would go down, you were screwed. This is not the case with our offer.

Furthermore the 1 MH/s and 10 MH/s are not set in stone. If you want to discuss this, please do. (But don't just say "It's too low!" but tell us why it is...)

Review of the Spondoolies-Tech SP10 „Dawson“ Bitcoin miner (1.4 TH/s)

[22:35] <Vinnie_win> Did anyone get paid yet? | [22:36] <Isokivi> pirate did!
prawda
Full Member
***
Offline Offline

Activity: 172


SmartHoldem ICO


View Profile
October 24, 2012, 06:37:06 PM
 #6

I support this thread by 110% !


SMARTHOLDEM.IO Gaming Platform & Poker Room JOIN THE ICO | BITCOIN TALK
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!