Bitcoin Forum
December 08, 2016, 12:15:18 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   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 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 »  All
  Print  
Author Topic: [GLBSE] PureMining: Infinite-term, deterministic mining bond  (Read 34904 times)
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
April 21, 2013, 08:28:18 AM
 #281

Hi, so far you've been one of the most helpful, honest and profitiable (dividend wise) bitcoin venture I've put money into... Are you still waiting for a secure colored coin platform or similar before re opening your doors to more investors etc? I ask this because I'm interested in some more shares...But would also like the abimilty to easily liquify the shares as I see fit..So would only be comfortable trading through some stock exchange medium. Bitfunder doesn't float your boat? Anyway, thanks bye.
If I do issue new bonds it will be in the form of colored coins. But with the explosive growth of Bitcoin in general and in Israel in particular, my other businesses consume roughly 200% of my time, so this is unlikely to happen in the near future.

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
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481156118
Hero Member
*
Offline Offline

Posts: 1481156118

View Profile Personal Message (Offline)

Ignore
1481156118
Reply with quote  #2

1481156118
Report to moderator
1481156118
Hero Member
*
Offline Offline

Posts: 1481156118

View Profile Personal Message (Offline)

Ignore
1481156118
Reply with quote  #2

1481156118
Report to moderator
1481156118
Hero Member
*
Offline Offline

Posts: 1481156118

View Profile Personal Message (Offline)

Ignore
1481156118
Reply with quote  #2

1481156118
Report to moderator
senor_coconut
Member
**
Offline Offline

Activity: 69


a big question mark


View Profile
April 25, 2013, 04:01:25 PM
 #282

Hi, so far you've been one of the most helpful, honest and profitiable (dividend wise) bitcoin venture I've put money into... Are you still waiting for a secure colored coin platform or similar before re opening your doors to more investors etc? I ask this because I'm interested in some more shares...But would also like the abimilty to easily liquify the shares as I see fit..So would only be comfortable trading through some stock exchange medium. Bitfunder doesn't float your boat? Anyway, thanks bye.

Bump.

Meni, should you find the time please let me know too, I'd be interested in buying in.
And thanks for your honesty and being an exception around here.
You're not just getting BTC, you're getting karma points from many of us.
All the best
M
viboracecata
Legendary
*
Offline Offline

Activity: 1260



View Profile
April 26, 2013, 10:06:15 AM
 #283

Hi, so far you've been one of the most helpful, honest and profitiable (dividend wise) bitcoin venture I've put money into... Are you still waiting for a secure colored coin platform or similar before re opening your doors to more investors etc? I ask this because I'm interested in some more shares...But would also like the abimilty to easily liquify the shares as I see fit..So would only be comfortable trading through some stock exchange medium. Bitfunder doesn't float your boat? Anyway, thanks bye.

Bump.

Meni, should you find the time please let me know too, I'd be interested in buying in.
And thanks for your honesty and being an exception around here.
You're not just getting BTC, you're getting karma points from many of us.
All the best
M
+1

ThePanCakeKid95
Sr. Member
****
Offline Offline

Activity: 415



View Profile WWW
May 13, 2013, 09:53:53 PM
 #284

Have you ever considered relaunching on BTC Trading Corp? https://btct.co

http://www.youtube.com/user/GamersGoneTech I make Bitcoin videos, check them out
http://www.btcfollower.com Check out my website
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
May 14, 2013, 05:59:35 AM
 #285

Have you ever considered relaunching on BTC Trading Corp? https://btct.co
If I do relaunch, I intend it to be using a decentralized platform such as colored coins.

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
ThePanCakeKid95
Sr. Member
****
Offline Offline

Activity: 415



View Profile WWW
May 14, 2013, 07:20:52 PM
 #286

Ok, thanks for the reply Smiley Also this might be a stupid question but why not buy ASICMiner equipment as the upgrade and sell the old hardware verse using BFL and their buy back program?

http://www.youtube.com/user/GamersGoneTech I make Bitcoin videos, check them out
http://www.btcfollower.com Check out my website
ThePanCakeKid95
Sr. Member
****
Offline Offline

Activity: 415



View Profile WWW
July 03, 2013, 01:52:11 AM
 #287

any new news?

http://www.youtube.com/user/GamersGoneTech I make Bitcoin videos, check them out
http://www.btcfollower.com Check out my website
ripper234
Legendary
*
Offline Offline

Activity: 1260


Ron Gross


View Profile WWW
July 03, 2013, 08:46:29 AM
 #288

any new news?

Meni's out of new news at the moment.
Care for some old news? Wink

Please do not pm me, use ron@bitcoin.org.il instead
Mastercoin Executive Director
Co-founder of the Israeli Bitcoin Association
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
July 03, 2013, 02:23:07 PM
 #289

any new news?
Not at this time.

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
ThePanCakeKid95
Sr. Member
****
Offline Offline

Activity: 415



View Profile WWW
October 16, 2013, 05:18:38 PM
 #290

So any new news? I knew you were talking about investing into ASIC's any news on that?

http://www.youtube.com/user/GamersGoneTech I make Bitcoin videos, check them out
http://www.btcfollower.com Check out my website
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
October 16, 2013, 05:46:42 PM
 #291

So any new news? I knew you were talking about investing into ASIC's any news on that?
2 of the 3 BFL 500 GH/s rigs I ordered are now operational. Why do you ask?

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
ThePanCakeKid95
Sr. Member
****
Offline Offline

Activity: 415



View Profile WWW
October 20, 2013, 03:17:06 AM
 #292

I was just wondering, I like to stay informed with PureMining and also since I'm invested in it lol Tongue

http://www.youtube.com/user/GamersGoneTech I make Bitcoin videos, check them out
http://www.btcfollower.com Check out my website
trifith
Newbie
*
Offline Offline

Activity: 22



View Profile
November 26, 2013, 02:05:08 PM
 #293

I've been 'receiving' a dividend from puremining about once a week lately that never confirms. Any info available on this?

See for example, https://blockchain.info/tx/3da8b1ab5f02159b62db4048de2e0ba4e4636cb2ae17540b176bd17a06556db0 from 11/24 and unconfirmed
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
November 26, 2013, 08:25:59 PM
 #294

I've been 'receiving' a dividend from puremining about once a week lately that never confirms. Any info available on this?

See for example, https://blockchain.info/tx/3da8b1ab5f02159b62db4048de2e0ba4e4636cb2ae17540b176bd17a06556db0 from 11/24 and unconfirmed
It's a known problem. Or at least, I know this transaction (from Nov 2) hasn't confirmed, I didn't know you get repeat notifications about it.

The API call to blockchain.info that I used so far used their default fee, which apparently isn't sufficient for this transaction. I've since started paying a higher fee. If the tx doesn't confirm I'll send another tx for the payment, and I hope the unconfirmed one will be forgotten eventually.

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
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
March 25, 2014, 05:57:12 PM
 #295

The difficulty is now so high that paying the coupons regularly is no longer worth the trouble, for me and I suspect also for the bondholders. I will therefore move forward with buying back the bonds.

The original buyback clause stated the price will be 120% of the GLBSE highest recent traded price. GLBSE no longer exists so that's irrelevant. However, I've noticed that during the time the bond was traded, it went for about 40% of the ELE (extrapolated lifetime earnings). Therefore I believe a buyback price of 55% of the current ELE is fair.

The formula for calculating the ELE for a 1 MH/s bond is

RemainingUnmintedBTC * Hashrate * SecondsInDay * DaysInTwoWeeks / (2^32 * 2016 * Difficulty) =
8439175 * 1000000 * 86400 * 14 / (4294967296 * 2016 * 5006860589) = 0.0002355

55% of that is 0.1296 mBTC per bond, a total of 2.0173536 BTC.

I intend to go forward with the payout in the next few days. If anyone has a reason why I should not, speak now or forever hold your peace.

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
Naelr
Full Member
***
Offline Offline

Activity: 231


View Profile WWW
March 25, 2014, 06:28:16 PM
 #296

Make it so Number One!

You have been as fair as anyone could have hoped for and I for one appreciate everything you have done... Good luck with all you do in the future and thank you for all your hard work.

Naelr

Join me in hosted mining.  And always use 2 Factor Auth whenever possible.
CEX.IO hosting mining
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 1960


Poor impulse control.


View Profile WWW
March 26, 2014, 12:24:51 AM
 #297

Sounds quite fair. Thanks for creating, (and maintaining and ending fairly) the most reliable instrument to have been a part of GLBSE.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
lenny_
Legendary
*
Offline Offline

Activity: 953



View Profile
March 26, 2014, 12:37:27 AM
 #298

Thanks for everything, Meni. I will be happy to receive final payout as you calculated.
tablekart
Newbie
*
Offline Offline

Activity: 13


View Profile
April 04, 2014, 06:33:12 PM
 #299

it should be useful to continue to run PureMining in Colored Coins
just as promotion and test for Colored Coins
Meni Rosenfeld
Donator
Legendary
*
Offline Offline

Activity: 1890



View Profile WWW
April 06, 2014, 08:02:01 AM
 #300

It is done. The payments have been sent in transaction b9c7cd2a6192818c9c1e2b8824e62361477dfdaa8b340be8d492fd1aac601507.

Thank you everyone for your support throughout the many phases of this bond's 2-year life.

it should be useful to continue to run PureMining in Colored Coins
just as promotion and test for Colored Coins
This is true. But in order to do a service to Colored Coins it needs to be done at a meaningful scale, which comes with a set of legal and operational challenges. Perhaps at some future time.

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
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 »  All
  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!