[Cryptostocks] Bitbond 200Gh/s 105% PPS mining bond - Relaunched

[dishwara]

Now look at Gigamining's (each tera bond is 9 Mh/s):
Giga .56
Free - 36 mh/s
paid - 81 mh/s

    FREE UPGRADE: This is a one for four swap of GIGAMINING for the bond.
    PAID UPGRADE: This is a one for fifteen swap of GIGAMINING for the bond. A payment of .29 BTC per GIGAMINING bond is also required.

free = .015555 BTC per mh/s
paid = .85/(15*9) = .00629 BTC per mh/s

I don't understand how paid, 15*9 = 81?
15*9 =135 Mh/s in my calculator.

Can anyone explain who is wrong here?

[WinTame2012]

Hi amazingrando,

Despite that it is weekend I think this is very hot topic to bother you. What do you think about all this sh** happened to GLBSE https://bitcointalk.org/index.php?topic=115669.0  ? Could we as your BITBOND investors count on some resolution from you personally if GLBSE was totally screwed up?

[Deprived]

Now look at Gigamining's (each tera bond is 9 Mh/s):
Giga .56
Free - 36 mh/s
paid - 81 mh/s

    FREE UPGRADE: This is a one for four swap of GIGAMINING for the bond.
    PAID UPGRADE: This is a one for fifteen swap of GIGAMINING for the bond. A payment of .29 BTC per GIGAMINING bond is also required.

free = .015555 BTC per mh/s
paid = .85/(15*9) = .00629 BTC per mh/s

I don't understand how paid, 15*9 = 81?
15*9 =135 Mh/s in my calculator.

Can anyone explain who is wrong here?

Looks like I had a brain-fart when I typed the 81.  The original info was in a spreadsheet.  If you look at my final calc of the BTC per mh/s it's pretty obvious I used the correct value of 135 there.  My point in the post wasn't so much to try to give accurate values - as to show why Bitbond price dropping had a perfectly rational explanation as, on the values published by the asset owner, it was clearly significantly over-priced compared to GIGAMINING.  Plus also to point out that, trading a lower price, the big upgrade no longer makes any sense - working out more expensive per MH/s than the small upgrade.

[amazingrando]

Hi everyone-

GLBSE closing is unfortunate and frustrating to all of us.  That being said, I truly believe the Bitcoin community deserves a better marketplace than what Nefario was providing.  This could be an opportunity to create a far better exchange that will help to catalyze adoption and growth of Bitcoin.

That being said, I am evaluating alternatives that we can use in the interim. Even if we need to transact directly in the interim I am open to that.  As far as I am concerned, there is no change to BITBOND.  Once I can get bond ownership info, I'll proceed with weekly payouts. Until then, the payouts will be banked.  As bondholders you will receive the payouts you are entitled to.

Regarding the ASIC upgrade.  I have revised the upgrade path quite extensively (e.g. there is only a free and paid upgrade - no small, medium, mega, etc.).  I intended to release the upgrade info today (bad timing!).  If current or prospective bondholders are chomping at the bit to know the upgrade plan, I can share it.  Otherwise, I'll focus on where to take BITBOND after GLBSE.

[Tittiez]

Hi everyone-

GLBSE closing is unfortunate and frustrating to all of us.  That being said, I truly believe the Bitcoin community deserves a better marketplace than what Nefario was providing.  This could be an opportunity to create a far better exchange that will help to catalyze adoption and growth of Bitcoin.

That being said, I am evaluating alternatives that we can use in the interim. Even if we need to transact directly in the interim I am open to that.  As far as I am concerned, there is no change to BITBOND.  Once I can get bond ownership info, I'll proceed with weekly payouts. Until then, the payouts will be banked.  As bondholders you will receive the payouts you are entitled to.

Regarding the ASIC upgrade.  I have revised the upgrade path quite extensively (e.g. there is only a free and paid upgrade - no small, medium, mega, etc.).  I intended to release the upgrade info today (bad timing!).  If current or prospective bondholders are chomping at the bit to know the upgrade plan, I can share it.  Otherwise, I'll focus on where to take BITBOND after GLBSE.

Cryptostocks?

[amazingrando]

Cryptostocks?

Cryptostocks is a leading option right now.  It's relatively easy to use and could be a quick way for us to get back up and running.  I don't want to make a knee-jerk reaction, however, just to get BITBOND listed "somehwere."  Also, before I even transition to another market I need to get the investor list from Nefario (and hopefully get back coins).

[WinTame2012]

Hi everyone-

GLBSE closing is unfortunate and frustrating to all of us.  That being said, I truly believe the Bitcoin community deserves a better marketplace than what Nefario was providing.  This could be an opportunity to create a far better exchange that will help to catalyze adoption and growth of Bitcoin.

That being said, I am evaluating alternatives that we can use in the interim. Even if we need to transact directly in the interim I am open to that.  As far as I am concerned, there is no change to BITBOND.  Once I can get bond ownership info, I'll proceed with weekly payouts. Until then, the payouts will be banked.  As bondholders you will receive the payouts you are entitled to.

Regarding the ASIC upgrade.  I have revised the upgrade path quite extensively (e.g. there is only a free and paid upgrade - no small, medium, mega, etc.).  I intended to release the upgrade info today (bad timing!).  If current or prospective bondholders are chomping at the bit to know the upgrade plan, I can share it.  Otherwise, I'll focus on where to take BITBOND after GLBSE.

Thank you for sharing your plans with us. I'm happy that I chose BITBOND as an asset of interest. Please keep us updated as we have no access to the Nefario's motions info at all. Have a nice week, amazingrando!

[danster82]

Hi everyone-

GLBSE closing is unfortunate and frustrating to all of us.  That being said, I truly believe the Bitcoin community deserves a better marketplace than what Nefario was providing.  This could be an opportunity to create a far better exchange that will help to catalyze adoption and growth of Bitcoin.

That being said, I am evaluating alternatives that we can use in the interim. Even if we need to transact directly in the interim I am open to that.  As far as I am concerned, there is no change to BITBOND.  Once I can get bond ownership info, I'll proceed with weekly payouts. Until then, the payouts will be banked.  As bondholders you will receive the payouts you are entitled to.

Regarding the ASIC upgrade.  I have revised the upgrade path quite extensively (e.g. there is only a free and paid upgrade - no small, medium, mega, etc.).  I intended to release the upgrade info today (bad timing!).  If current or prospective bondholders are chomping at the bit to know the upgrade plan, I can share it.  Otherwise, I'll focus on where to take BITBOND after GLBSE.

Its great to see some competence in the bitcoin community. I think I had about 80ish bonds but I cant remember exactly without having access to glbse, how are bond holders identified without the glbse?

[WinTame2012]

Hey all!

Seems on the GLBSE site there is form for claiming assets: https://glbse.com/. Question to amazingrando: do you know about the described procedure, is it safe to submit my data to this form to let you authenticate me as a shareholder of BITBOND?

Regards,
Voland

[mila]

Its great to see some competence in the bitcoin community. I think I had about 80ish bonds but I cant remember exactly without having access to glbse, how are bond holders identified without the glbse?

thank you for asking this interesting question

[WinTame2012]

It's been long since we heared from our issuer @amazingrando. I PM'ed him but he keeps silence... I wonder is there any progress in claiming assets from GLBSE, anyone? Any chance to get dividents paid in the near future?

[dishwara]

It's been long since we heared from our issuer @amazingrando. I PM'ed him but he keeps silence... I wonder is there any progress in claiming assets from GLBSE, anyone? Any chance to get dividents paid in the near future?

Nefario asked to resend double payment & no word after it.
maybe due to this, amazingrando is silence.

[WinTame2012]

It's been long since we heared from our issuer @amazingrando. I PM'ed him but he keeps silence... I wonder is there any progress in claiming assets from GLBSE, anyone? Any chance to get dividents paid in the near future?

Nefario asked to resend double payment & no word after it.
maybe due to this, amazingrando is silence.

I think there is no much relation between these facts...

[amazingrando]

I've been trying to get an investor list with positions for bondholders, but I have still not received anything.  A few of you have contacted me with claims for his/her bonds.  However, without a way to confirm who owns what I do not feel comfortable buying back shares or issuing new shares on a new exchange.

I will update the thread with progress if/when Nefario releases the investor information.  Meanwhile, please PM me (if you haven't already) with your outstanding bonds and I'll start a spreadsheet on Google Docs to track it.

[WinTame2012]

I've been trying to get an investor list with positions for bondholders, but I have still not received anything.  A few of you have contacted me with claims for his/her bonds.  However, without a way to confirm who owns what I do not feel comfortable buying back shares or issuing new shares on a new exchange.

I will update the thread with progress if/when Nefario releases the investor information.  Meanwhile, please PM me (if you haven't already) with your outstanding bonds and I'll start a spreadsheet on Google Docs to track it.

Sent PM with info about my BITBOND assets.

[WinTame2012]

Hi @amazingrando,

It's 3 weeks since we heard from you. Are there any news about our assets and/or dividends?

[WinTame2012]

Guys, good news!

Issuers being given shareholder lists http://blog.glbse.com/issuers-being-given-shareholder-lists

So we'll hear from @amazingrando soon I hope.

[lenny_]

Looks like amazingrando hasn't been there for a while.
Last Active:    October 31, 2012, 09:54:12 AM

 

Anyone have his contact details?

[Bitcoin Oz]

9/30 Update:  Weekly payout paid!


Bitbond (GLBSE ticker BITBOND) is a perpetual mining bond where you can buy mining power and receive weekly mining payouts, without buying and maintaining expensive hardware.  Payouts will continue indefinitely.  It is the largest bond in existence and the largest security on GLBSE

Bond features

• A total of 200Gh/s offered in 2Mh/s increments
• Weekly payouts are 105% of PPS
• PPS means no variance
• Perpetual - no expiration date
• Buyback provision at 110% of 15 day GLBSE average

Benefits over other bonds

• 105% PPS means more bitcoins - a bigger payout and more coins before difficulty increases
• Positive ROI several weeks quicker - up to 13 weeks sooner
• Higher buyback provision - get paid more if I buy back the bonds

FAQ

When would payouts begin?
Payouts started on 4/8/2012
See the post after this for payout history

How long will it take to start mining?
Mining started on Saturday 4/7 at 2 PM.  It is a subset of my mining hash power currently on maxbtc.com

What is your hardware setup?
I exclusively run GPUs for mining due to my low power costs.  I may offer further bonds in the future with FPGA hardware if the economics are right and the FPGA vendor can deliver when I need it

Why/how 105% PPS?
First, I will be doing merged mining so those coins will be used to increase the pay per share.  Also, I would like to offer a good value for each bondholder. The extra 5% will add up over the weeks, months, years.  If reinvested it will greatly accelerate ROI compared to 100% PPS options.

What if you have technical issues/downtime?
I have more than 210 Gh/s operating with a total capacity beyond 300 Gh/s.  Should there be any downtime, I will contribute hashes from my personal farm to ensure the full dividend is paid each week.

[xkrikl]

Looks like amazingrando hasn't been there for a while.
Last Active:    October 31, 2012, 09:54:12 AM

 

Anyone have his contact details?

but he is still hashing full speed ... you can see him as number one on BitMinter ... so hopefully he'll show up