Not your typical mining bond :)

[ShadesOfMarble]

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".

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[Korbman]

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 

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]

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?

[Korbman]

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 ..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 ..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]

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 ..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 Or 1 GH/s for 100 BTC (which will be 10 GH/s when ASICs arrive).

I'm just pullin' your leg ..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...)

[prawda]

I support this thread by 110% !