Bitcoin Forum
December 04, 2016, 02:10:05 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 17 18 »  All
  Print  
Author Topic: [Cryptostocks] Bitbond 200Gh/s 105% PPS mining bond - Relaunched  (Read 35277 times)
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
July 29, 2012, 05:20:44 PM
 #201

Lots of news!

General Announcements
* Payouts for this week have been paid
* Last week 37,000 bonds were sold bringing the total hashrate sold to 176,276 Mh/s
* No BITBONDs will be issued beyond 100,000 bonds (200 Gh/s)
* The final 11,862 are available to large investors (200 btc and above)
* The 110% PPS special rate has ended as a part of the recent sale of bonds.  BITBONDs will return to their 105% PPS rate for the foreseeable future

BITBOND ASIC Upgrade Program Announcement
A while back I put in an ASIC order with BFL.  Today I am announcing my plans for the BITBOND ASIC upgrade.  I have shared the plan with large investors already and would like to have your feedback as well. 

Here are the broad strokes.  When the ASICs arrive, BITBONDs will be converted to BITBOND.ASIC.  BITBOND.ASIC will be a 100% PPS bond and act just as BITBOND does today, except at a higher hash rate courtesy of the ASICs.  All bondholders at the time of the conversion will receive a free upgrade.  Bondholders have the option of a paid upgrade as well, as outlined below. 

* Free:  2M/s BITBOND converts to 12.5Mh/s BITBOND.ASIC for free
* Small upgrade:  2M/s BITBOND converts to 45Mh/s BITBOND.ASIC for 0.25 btc
* Large upgrade: 2M/s BITBOND converts to 450Mh/s BITBOND.ASIC for 5.5 btc


Bitbond - 105% PPS mining bond - mining payouts without buying hardware
1480817405
Hero Member
*
Offline Offline

Posts: 1480817405

View Profile Personal Message (Offline)

Ignore
1480817405
Reply with quote  #2

1480817405
Report to moderator
1480817405
Hero Member
*
Offline Offline

Posts: 1480817405

View Profile Personal Message (Offline)

Ignore
1480817405
Reply with quote  #2

1480817405
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480817405
Hero Member
*
Offline Offline

Posts: 1480817405

View Profile Personal Message (Offline)

Ignore
1480817405
Reply with quote  #2

1480817405
Report to moderator
1480817405
Hero Member
*
Offline Offline

Posts: 1480817405

View Profile Personal Message (Offline)

Ignore
1480817405
Reply with quote  #2

1480817405
Report to moderator
WinTame2012
Sr. Member
****
Offline Offline

Activity: 315


Official sponsor of Microsoft Corp.


View Profile WWW
July 29, 2012, 07:44:56 PM
 #202

Great news!  Grin

Could you explain the exchange process more in details? Huh

May the WinTame Power be with you!
http://wintame.com
dishwara
Legendary
*
Offline Offline

Activity: 1372


Truth may get delay, but NEVER fails


View Profile
July 30, 2012, 09:00:17 AM
 #203

* Small upgrade:  2M/s BITBOND converts to 45Mh/s BITBOND.ASIC for 0.25 btc
* Large upgrade: 2M/s BITBOND converts to 450Mh/s BITBOND.ASIC for 5.5 btc


If paid 0.25 then u get 45.
If paid 5.5(not 10*0.25=2.5) then u get 450
WinTame2012
Sr. Member
****
Offline Offline

Activity: 315


Official sponsor of Microsoft Corp.


View Profile WWW
July 30, 2012, 06:55:04 PM
 #204

So if I have saying 10 regular BITBONDs I need to pay 0.25 for each to get them converted into 10 BITBOND.ASIC, right?

May the WinTame Power be with you!
http://wintame.com
stochastic
Hero Member
*****
Offline Offline

Activity: 532


View Profile
July 31, 2012, 01:54:09 AM
 #205

Lots of news!

General Announcements
* Payouts for this week have been paid
* Last week 37,000 bonds were sold bringing the total hashrate sold to 176,276 Mh/s
* No BITBONDs will be issued beyond 100,000 bonds (200 Gh/s)
* The final 11,862 are available to large investors (200 btc and above)
* The 110% PPS special rate has ended as a part of the recent sale of bonds.  BITBONDs will return to their 105% PPS rate for the foreseeable future

BITBOND ASIC Upgrade Program Announcement
A while back I put in an ASIC order with BFL.  Today I am announcing my plans for the BITBOND ASIC upgrade.  I have shared the plan with large investors already and would like to have your feedback as well. 

Here are the broad strokes.  When the ASICs arrive, BITBONDs will be converted to BITBOND.ASIC.  BITBOND.ASIC will be a 100% PPS bond and act just as BITBOND does today, except at a higher hash rate courtesy of the ASICs.  All bondholders at the time of the conversion will receive a free upgrade.  Bondholders have the option of a paid upgrade as well, as outlined below. 

* Free:  2M/s BITBOND converts to 12.5Mh/s BITBOND.ASIC for free
* Small upgrade:  2M/s BITBOND converts to 45Mh/s BITBOND.ASIC for 0.25 btc
* Large upgrade: 2M/s BITBOND converts to 450Mh/s BITBOND.ASIC for 5.5 btc



Quote
The bond will continue perpetually. The bond issues reserves the right purchase back coupons at 110% of the 15 day average trading price on GLBSE.

Since BITBOND will not be continued in perpetually (or will it stay around alongside BITBOND.ASIC?) will those that don't switch be purchased back at 110% of the 15 day average trading price?

Introducing constraints to the economy only serves to limit what can be economical.
odolvlobo
Legendary
*
Offline Offline

Activity: 1596



View Profile
July 31, 2012, 08:36:00 AM
 #206

* Free:  2M/s BITBOND converts to 12.5Mh/s BITBOND.ASIC for free
* Small upgrade:  2M/s BITBOND converts to 45Mh/s BITBOND.ASIC for 0.25 btc
* Large upgrade: 2M/s BITBOND converts to 450Mh/s BITBOND.ASIC for 5.5 btc

In other words, assuming a value of 0.50BTC per BITBOND share:

Free: 12.5 Mh/s for 0.50BTC = 25 Mh/s per BTC, or 0.0400BTC / 1 Mh/s
Small: 45 Mh/s for 0.75BTC = 60 Mh/s per BTC, or 0.0167BTC / 1 Mh/s
Large: 450 Mh/s for 6BTC = 75 Mh/s per BTC, 0.0133BTC / 1 Mh/s

Sign me up!

Buy bitcoins with cash from somebody near you: LocalBitcoins
Join an anti-signature campaign: DannyHamilton's ignore list
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
July 31, 2012, 09:55:52 AM
 #207

So if I have saying 10 regular BITBONDs I need to pay 0.25 for each to get them converted into 10 BITBOND.ASIC, right?

It's 1:1 in the sense that one 2Mh/s BITBOND today will convert for free into one 12.5Mh/s BITBOND.ASIC.  You will also have the option of upgrading if you want more hashes for a small upgrade fee.

Bitbond - 105% PPS mining bond - mining payouts without buying hardware
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
July 31, 2012, 10:02:44 AM
 #208

Quote
The bond will continue perpetually. The bond issues reserves the right purchase back coupons at 110% of the 15 day average trading price on GLBSE.

Since BITBOND will not be continued in perpetually (or will it stay around alongside BITBOND.ASIC?) will those that don't switch be purchased back at 110% of the 15 day average trading price?

The idea is that BITBOND will converted to BITBOND.ASIC.  Bondholders will get a free upgrade automatically.  In that way it will continue perpetually.  Once ASICs become available I expect difficulty to increase a lot, hence the free upgrade.

Bitbond - 105% PPS mining bond - mining payouts without buying hardware
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
July 31, 2012, 10:03:51 AM
 #209

* Free:  2M/s BITBOND converts to 12.5Mh/s BITBOND.ASIC for free
* Small upgrade:  2M/s BITBOND converts to 45Mh/s BITBOND.ASIC for 0.25 btc
* Large upgrade: 2M/s BITBOND converts to 450Mh/s BITBOND.ASIC for 5.5 btc

In other words, assuming a value of 0.50BTC per BITBOND share:

Free: 12.5 Mh/s for 0.50BTC = 25 Mh/s per BTC, or 0.0400BTC / 1 Mh/s
Small: 45 Mh/s for 0.75BTC = 60 Mh/s per BTC, or 0.0167BTC / 1 Mh/s
Large: 450 Mh/s for 6BTC = 75 Mh/s per BTC, 0.0133BTC / 1 Mh/s

Sign me up!


 Wink  That's the reaction I was looking for.  I think it's a very competitive upgrade option that will let everyone increase their profit!

Bitbond - 105% PPS mining bond - mining payouts without buying hardware
WinTame2012
Sr. Member
****
Offline Offline

Activity: 315


Official sponsor of Microsoft Corp.


View Profile WWW
August 01, 2012, 07:59:26 PM
 #210

It's still not clear to me: is this fee to be paid per share or per bondholder for any number of shares he behold?

May the WinTame Power be with you!
http://wintame.com
Jurek
Member
**
Offline Offline

Activity: 117



View Profile
August 01, 2012, 10:44:31 PM
 #211

obviously per share.

PSYCHOTICBOY IS A THIEF AND A SCAMMER BE WARNED!
https://bitcointalk.org/index.php?topic=129941
stochastic
Hero Member
*****
Offline Offline

Activity: 532


View Profile
August 01, 2012, 10:46:50 PM
 #212

When will this transfer happen?

Introducing constraints to the economy only serves to limit what can be economical.
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 05, 2012, 03:13:51 PM
 #213

When will this transfer happen?

Upgrade orders will take plane in advance of the ASICs shipping once a shipment date is known and nearing.  The actual conversion will happen once the ASICs arrive and are running.

Bitbond - 105% PPS mining bond - mining payouts without buying hardware
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 05, 2012, 03:15:31 PM
 #214

Payouts are coming.  Waiting on some very slow confirmations (1 confirmation took 90 mins!)  Huh

Update:  One of my deposits to GLBSE is not showing up.  "Check for deposits" button isn't doing any good either.  Block chain explorer shows it was confirmed a while ago.  Grrr.  I'll keep checking it.

Bitbond - 105% PPS mining bond - mining payouts without buying hardware
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 06, 2012, 04:51:56 AM
 #215

Deposits finally showed up in GLBSE and payouts were paid  Smiley

Bitbond - 105% PPS mining bond - mining payouts without buying hardware
Jurek
Member
**
Offline Offline

Activity: 117



View Profile
August 10, 2012, 05:24:14 AM
 #216

So you are offering free upgrade to 215Mh/s per bond, right?

That's 1.325/215Mh/s ~ 0.006BTC per 1Mh/s after upgrade. That's about two times cheaper than what Bitbond offers. What's the catch?


* Free:  2M/s BITBOND converts to 12.5Mh/s BITBOND.ASIC for free
* Small upgrade:  2M/s BITBOND converts to 45Mh/s BITBOND.ASIC for 0.25 btc
* Large upgrade: 2M/s BITBOND converts to 450Mh/s BITBOND.ASIC for 5.5 btc

In other words, assuming a value of 0.50BTC per BITBOND share:

Free: 12.5 Mh/s for 0.50BTC = 25 Mh/s per BTC, or 0.0400BTC / 1 Mh/s
Small: 45 Mh/s for 0.75BTC = 60 Mh/s per BTC, or 0.0167BTC / 1 Mh/s
Large: 450 Mh/s for 6BTC = 75 Mh/s per BTC, 0.0133BTC / 1 Mh/s


That's an easy one, bitbond & gigamining are making a profit from the transition to asics, he's not.

(disclosure, I own some hydromining bonds)

I wouldn't call your upgrade program competitive... Or am I missing something?

PSYCHOTICBOY IS A THIEF AND A SCAMMER BE WARNED!
https://bitcointalk.org/index.php?topic=129941
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 13, 2012, 03:04:14 AM
 #217

Just go back from overseas.  Payout coming in the next hour or so....

Update:  payouts paid  Smiley

Bitbond - 105% PPS mining bond - mining payouts without buying hardware
amazingrando
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 20, 2012, 04:29:11 AM
 #218

Weekly payout paid!   Smiley

Bitbond - 105% PPS mining bond - mining payouts without buying hardware
totaleclipseofthebank
Sr. Member
****
Offline Offline

Activity: 259


Bitcoin: Sell high or buy, trying


View Profile
August 21, 2012, 11:56:21 PM
 #219

Does Bitbond use GPUMAX?
sunnankar
Legendary
*
Offline Offline

Activity: 1030



View Profile WWW
August 22, 2012, 02:18:24 AM
 #220

Does Bitbond use GPUMAX?

totaleclipseofthebank, I think a more relevant question may be how much exposure does BITBOND have to Pirate and Pirate's service GPUMax?

The main page for the BITBOND security states:

What if you have technical issues/downtime?
I have more than 120Gh now and another 180Gh/s coming online in June.  Should there be any downtime, I will contribute hashes from my personal farm to ensure the full dividend is paid each week.

Since the bond is now for 100,000 units or 210GHs therefore I am interested in some updated statements regarding the liquidity of BITBOND. Here are three questions I asked Gigavps that I would like answers from AmazingRando.

To better judge your credit worthiness the three material pieces missing are (1) what amount of GHs is currently operational and producing, (2) what PPS% is it earning, and (3) how many unencumbered bitcoins do you have in your possession allocated for building or buying more rigs.

As a significant long investor, I would appreciate answers to assess the BITBOND liquidity and potential Pirate or other counter-party exposure.

Of course, I understand the sensitive nature of #3 and would not need an affirmative statement if there is significant (ex. 25%+ or 262.5GHs+ at 100% PPS) earning capacity in bitcoins in excess of debt service.

Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 13 14 15 16 17 18 »  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!