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Author Topic: [GLBSE] PureMining: Infinite-term, deterministic mining bond  (Read 34878 times)
Meni Rosenfeld
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December 17, 2012, 09:42:16 AM
 #241

I am buying PureMining bonds for 0.05 BTC each. Considering ASICs are going to hit the market and the low liquidity due to the GLBSE shutdown, this is a great offer.
I don't plan to issue new bonds in the immediate future. And I didn't say I would support transfers. (If there is though a transfer request I'll consider it.)

I have received both the test payments and bond payments, thx, you are the most honest man I've ever seen in this community Smiley
Thank you. But going forward with what I publicly and quite unambiguously committed to do really is the least I could do.

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Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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December 17, 2012, 09:52:00 AM
 #242

...... thx, you are the most honest man I've ever seen in this community Smiley
Thank you. But going forward with what I publicly and quite unambiguously committed to do really is the least I could do.

Compared to some other bond issuers, I think viboracecata's comment holds.

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December 17, 2012, 09:52:21 AM
 #243

... going forward with what I publicly and quite unambiguously committed to do really is the least I could do.

Some people unfortunately don't share your view.

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December 17, 2012, 12:00:15 PM
 #244

I don't plan to issue new bonds in the immediate future. And I didn't say I would support transfers. (If there is though a transfer request I'll consider it.)

But you support change BTC dividend address. When shareholder changes his address you don't need to worry who owns new address.
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December 17, 2012, 12:30:36 PM
 #245

I don't plan to issue new bonds in the immediate future. And I didn't say I would support transfers. (If there is though a transfer request I'll consider it.)
But you support change BTC dividend address. When shareholder changes his address you don't need to worry who owns new address.
I support it for people who want a receiving address other than their generic GLBSE claim address. Using this to turn me into a manual exchange server is an abuse of my goodwill, unless otherwise specified.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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December 19, 2012, 06:23:17 PM
 #246

I have some good news; I have received from Nefario a full list of PureMining bondholders. All bonds are accounted for, however, apparently some users did not file a claim and are thus identified only by an email address and no Bitcoin address.

Over the next week I will try to contact these people to obtain a payment address, check the list for consistency, integrate it into my current records and move forward with the payment plan.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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December 25, 2012, 01:14:58 PM
 #247

The number of unclaimed bonds is down to 186.

Some bondholders haven't responded with a payment address despite two email messages sent starting a week ago. I will wait until the beginning of next week before I split these bonds between SIAI, Bitcoin100 and the Bitcoin foundation, and proceed with regular coupon payments.

Since these bondholders have filed a claim with neither me nor GLBSE in almost 3 months, there is no other data about them other than the email addresses I received, and it is unlikely they will respond after not having done so for a week and a half, I think that's the most reasonable option.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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December 30, 2012, 07:08:52 PM
 #248

As planned, the bondholder list has now been finalized.

A test payment has been sent to new bondholders (d9dc20e0ead0aa68cf6fcf3497fe278adc2566aea3140d85b93ce475ece41794), which includes 186 unclaimed bonds which have been donated evenly between The Bitcoin Foundation, Bitcoin100 and SIAI (62 bonds each).

This was followed by a back payment of 0.0198961645 BTC per bond for blocks 201935 to 211343 (60f081b5bf75550bc3a9fce20b6daffa80975504dc96d14b24de3306eb8966d8).

Then a full list of 15566 bonds have been assembled. It was sent a test payment (94b1539b909b1af3c8b22e9c3293d45099e821b2ee47fa83b95c904cd3212e49). The number of satoshis paid to each address is equal to the number of bonds credited to it, so this is a good opportunity for all bondholders to make sure there isn't any problem.

Then I sent coupon payments for recent blocks:

211679 - 212687: 0.0016092739 BTC per bond - 237bed462683b6b49a7d59b9010bc92e3285a3a8373fced4e16d74e282ed2491

213023 - 213359: 0.0007286389 BC per bond - 3a8f68d0993288213d566bd23ae1a36f420763186b4e172065aa2bbc6a135e90

Coupon payments should be more regular from now on. Also, since the list won't change much, there should be no need for more of the annoying test payments.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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December 31, 2012, 06:14:31 PM
 #249

As planned, the bondholder list has now been finalized.

A test payment has been sent to new bondholders (d9dc20e0ead0aa68cf6fcf3497fe278adc2566aea3140d85b93ce475ece41794), which includes 186 unclaimed bonds which have been donated evenly between The Bitcoin Foundation, Bitcoin100 and SIAI (62 bonds each).

This was followed by a back payment of 0.0198961645 BTC per bond for blocks 201935 to 211343 (60f081b5bf75550bc3a9fce20b6daffa80975504dc96d14b24de3306eb8966d8).

Then a full list of 15566 bonds have been assembled. It was sent a test payment (94b1539b909b1af3c8b22e9c3293d45099e821b2ee47fa83b95c904cd3212e49). The number of satoshis paid to each address is equal to the number of bonds credited to it, so this is a good opportunity for all bondholders to make sure there isn't any problem.

Then I sent coupon payments for recent blocks:

211679 - 212687: 0.0016092739 BTC per bond - 237bed462683b6b49a7d59b9010bc92e3285a3a8373fced4e16d74e282ed2491

213023 - 213359: 0.0007286389 BC per bond - 3a8f68d0993288213d566bd23ae1a36f420763186b4e172065aa2bbc6a135e90

Coupon payments should be more regular from now on. Also, since the list won't change much, there should be no need for more of the annoying test payments.

Meni ,


OK in my wallet I have received the payment from 237bed462683b6b49a7d59b9010bc92e3285a3a8373fced4e16d74e282ed2491 however it still says 0 of 6 confirmations.  I looked on the link and my wallet address is in there marked and happy why would my wallet say 0 confirmations?  Also the 0.000003 test payment you sent is in there but again 0 confirmations I have transactions after that one that have been confirmed.  Any ideas?

Naelr

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Meni Rosenfeld
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December 31, 2012, 06:51:20 PM
 #250

As planned, the bondholder list has now been finalized.

A test payment has been sent to new bondholders (d9dc20e0ead0aa68cf6fcf3497fe278adc2566aea3140d85b93ce475ece41794), which includes 186 unclaimed bonds which have been donated evenly between The Bitcoin Foundation, Bitcoin100 and SIAI (62 bonds each).

This was followed by a back payment of 0.0198961645 BTC per bond for blocks 201935 to 211343 (60f081b5bf75550bc3a9fce20b6daffa80975504dc96d14b24de3306eb8966d8).

Then a full list of 15566 bonds have been assembled. It was sent a test payment (94b1539b909b1af3c8b22e9c3293d45099e821b2ee47fa83b95c904cd3212e49). The number of satoshis paid to each address is equal to the number of bonds credited to it, so this is a good opportunity for all bondholders to make sure there isn't any problem.

Then I sent coupon payments for recent blocks:

211679 - 212687: 0.0016092739 BTC per bond - 237bed462683b6b49a7d59b9010bc92e3285a3a8373fced4e16d74e282ed2491

213023 - 213359: 0.0007286389 BC per bond - 3a8f68d0993288213d566bd23ae1a36f420763186b4e172065aa2bbc6a135e90

Coupon payments should be more regular from now on. Also, since the list won't change much, there should be no need for more of the annoying test payments.

Meni ,


OK in my wallet I have received the payment from 237bed462683b6b49a7d59b9010bc92e3285a3a8373fced4e16d74e282ed2491 however it still says 0 of 6 confirmations.  I looked on the link and my wallet address is in there marked and happy why would my wallet say 0 confirmations?  Also the 0.000003 test payment you sent is in there but again 0 confirmations I have transactions after that one that have been confirmed.  Any ideas?

Naelr
It's not just you, these transactions are indeed unconfirmed. It happens that txs take a while to make it into a block, and the fact that these txs are large and low-priority doesn't help.

It should be resolved within a few days, if not I will contact blockchain.info support (it was sent from a My Wallet).

Update: Seems to be ok now.

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January 01, 2013, 10:56:42 PM
 #251

Confirmed ... it did smooth itself out!  Thanks for the quick reply... Happy New year!

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January 08, 2013, 03:01:58 PM
 #252

Hello Meni, when you going to send rest of old dividends?
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January 08, 2013, 03:06:48 PM
 #253

Hello Meni, when you going to send rest of old dividends?
I thought I did, all coupons marked as "full" on http://bitcoinpuremining.com/ have been paid out to 15,566 bonds. Check the outgoing transactions from 1JPFCUtH2gcADar9xi3A9vStTr9Ba5XKvy.

Edit: In your case, the original direct claim address you used was superseded by the official address from GLBSE, to which some of the payments were sent before you requested a change of address.

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Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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January 08, 2013, 03:14:33 PM
 #254

Hello Meni, when you going to send rest of old dividends?
I thought I did, all coupons marked as "full" on http://bitcoinpuremining.com/ have been paid out to 15,566 bonds. Check the outgoing transactions from 1JPFCUtH2gcADar9xi3A9vStTr9Ba5XKvy.

Sorry, my fault, I see it now. Trying to put everything together with my shares.
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January 20, 2013, 03:22:55 PM
 #255

I tried to do a summary of the coupon payments so far and I found some inconsistencies. It's possible that some coupons were missed.

I need to go over it all again and I prefer to do it when I'm not rushed. I hope to have more time on Tuesday and then I'll pay anything that's missing and also the coupons accrued in the past week.

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Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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January 20, 2013, 03:28:57 PM
 #256

Looks like ASICs will finally be with us: https://bitcointalk.org/index.php?topic=137534.0

Does this mean any change of plan for the bond? (eg forced buy back)

EDIT: I ask because at some point soon the time you spend on the bonds will be worth more than the bonds themselves.

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January 20, 2013, 03:47:10 PM
 #257

Looks like ASICs will finally be with us: https://bitcointalk.org/index.php?topic=137534.0

Does this mean any change of plan for the bond? (eg forced buy back)

EDIT: I ask because at some point soon the time you spend on the bonds will be worth more than the bonds themselves.
Eventually yes. I'll wait until it is clear that the future output will be insignificant. I'll also try to offer a new series based on CC before discontinuing this one.

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Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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January 22, 2013, 12:34:03 AM
 #258

may i ask what is bitcoin cc?

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January 22, 2013, 12:37:11 AM
 #259

may i ask what is bitcoin cc?

Coloured coins?

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January 22, 2013, 12:41:15 AM
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may i ask what is bitcoin cc?
colored coin

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