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

[phorensic]

I know I'm a bit late on this...but HOLY DIVIDEND BATMAN!  This is officially more profitable for me than trying to day trade a flat market.  Thank you amazingrando.

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[sunnankar]

I know I'm a bit late on this...but HOLY DIVIDEND BATMAN!  This is officially more profitable for me than trying to day trade a flat market.  Thank you amazingrando.

Shhhh, don't tell anyone.

[Sukrim]

They are cheap as well atm - if you think 0.3 BTC for 1 MH/s is good, then the price for this one would be 0.3 * 2.1 = 0.63 BTC.
The asks are slightly above, the bids below that value, so you can make a good deal.

[BinaryMage]

They are cheap as well atm - if you think 0.3 BTC for 1 MH/s is good, then the price for this one would be 0.3 * 2.1 = 0.63 BTC.
The asks are slightly above, the bids below that value, so you can make a good deal.

Shhh!

[Sukrim]

Don't worry, there are still some bargains to be had right now on GLBSE...

[craked5]

Ok sorry for being a total noob, but i really want to understand this.
You buy 10 orders, 2mh each order, for lets say 0.62 BTC each, then you get 20mh of hashing power in Amazingrando farm for ever?
Thanks in advance 

[BinaryMage]

Ok sorry for being a total noob, but i really want to understand this.
You buy 10 orders, 2mh each order, for lets say 0.62 BTC each, then you get 20mh of hashing power in Amazingrando farm for ever?
Thanks in advance 

It's a perpetuity. Effectively, yes, as long as Amazingrando doesn't reclaim the bond.

[amazingrando]

This week's payout is coming shortly.  Waiting for confirmations on a deposit to GLBSE, but about to hop on a flight now.  Should be able to send in a couple hours or so.

[friedcat]

Updates (and lots of them)

• My cumulative mining farm output has reached approximately 120GH/s.  More will be coming online in June
• Two large individual investors recently bought into Bitbond increasing the bond size to 82Gh/s.  No further offering of shares is planned at this time
• This week's payout was 110% PPS.  For 82Gh/s that totaled a massive 421 btc worth over $2000
• As a part of the agreement with large buyers, Bitbond will return to 105% PPS for the foreseeable future

• Bitbond is the largest asset on GLBSE and the largest mining bond.  I am developing some interesting ways for you to use your bonds beyond payouts or trading, making them more useful and more valuable.  Details will follow in the coming weeks.
  

Is it time to leak us some good news about your tantalization I marked bold?

[amazingrando]

Payout paid.  A total of 373.63 btc was paid out to investors.  This is down from the prior week because of the increase in difficulty and reverting to 105% PPS.

[amazingrando]

Updates (and lots of them)

• My cumulative mining farm output has reached approximately 120GH/s.  More will be coming online in June
• Two large individual investors recently bought into Bitbond increasing the bond size to 82Gh/s.  No further offering of shares is planned at this time
• This week's payout was 110% PPS.  For 82Gh/s that totaled a massive 421 btc worth over $2000
• As a part of the agreement with large buyers, Bitbond will return to 105% PPS for the foreseeable future

• Bitbond is the largest asset on GLBSE and the largest mining bond.  I am developing some interesting ways for you to use your bonds beyond payouts or trading, making them more useful and more valuable.  Details will follow in the coming weeks.
  

Is it time to leak us some good news about your tantalization I marked bold?

I'm getting close to an announcement on that.  There are some changes that will need to be made to GLBSE to support the idea, so that is what will determine how quickly we can make this happen.

[amazingrando]

Update:

Payouts were paid today for this past week.  Next week there should be a nice drop in difficulty, so you'll get more btc in the next payout.

Have fun and don't spend it all in one place! 

[amazingrando]

Updates

• Payouts were paid today, a total of 361.18 btc
• I will shortly offer about 3Gh/s worth of additional bonds at 0.625 btc/2Mhs.  An announcement about further offerings will come later in the week
• Once Nefario and I work out some details (next few days) I will be announcing the new way to use bitbonds via GLBSE.  You'll like it, I promise!  

[Sukrim]

I will shortly offer about 3Gh/s worth of additional bonds at 0.625 btc/2Mhs.  An announcement about further offerings will come later in the week

Damn, just when I bought in big time at 0.64!

At least that means BITBONDs are now really cheap! 1 MH/s for less than 0.30 BTC is a bargain (1 share = 2.1 MH/s with these "105%" PPS).

[amazingrando]

Hi everyone-

This week's payout has been paid! 

More to come....

[Gladamas]

This is an interesting venture. I'm surprised at the price of these bonds compared to other mining assets.

On a different note:

Payouts

Payout 1 - 4/8/2012 PAID
  First round investors were given 0.00313828 btc per 2 Mh/s coupon for the period of Saturday 4/7 at 2pm through 11:59pm on Monday 4/9, and paid on Sunday 4/8.

Payout 2 - 4/14/2012 PAID
  All investors were paid 0.00747781 btc per 2MH/s coupon at a rate of 110% PPS for the period of Tuesday 4/10 through end of the day Saturday 4/14

Payout 3 - 4/21/2012 PAID
  All investors were paid 0.00981661 btc per 2MH/s coupon at a rate of 110% PPS for the past week

Payout 4 - 4/28/2012 PAID
  All investors were paid 0.00994375 btc per 2MH/s coupon at a rate of 110% PPS for the past week

Payout 5 - 5/5/2012 PAID
  All investors were paid 0.01026771 btc per 2MH/s coupon at a rate of 110% PPS for the past week for a massive 420.98 btc ($2126 at current prices)

Payout 6 - 5/12/2012 PAID
  All investors were paid 0.09112981 btc per 2MH/s coupon at a rate of 105% PPS for the past week.

Payout 7 - 5/19/2012 PAID
  All investors were paid 0.00853082 btc per 2MH/s coupon at a rate of 105% PPS for the past week.

Payout 7 - 5/26/2012 PAID
  All investors were paid 0.00879750 btc per 2MH/s coupon at a rate of 105% PPS for the past week.

Payout 8 - 6/3/2012 PAID
  All investors were paid 0.00092929 btc per 2MH/s coupon at a rate of 105% PPS for the past week.

Are these typos?

[amazingrando]

This is an interesting venture. I'm surprised at the price of these bonds compared to other mining assets.

On a different note:

Are these typos?

 Yup, they are.  I've fixed them.  Thanks!

[amazingrando]

Major announcements!

I have alluded to some things in the works and now feel that I can reveal to you what I've been working on.

1) New Facility
Last weekend I started the setup of a new facility in Central Washington.  Although it is a bit remote, it has the advantage of very inexpensive power (as in 3 cents/kWh) from nearby hydroelectric dams.  I will be upgrading cooling and adding lots of amps of 480v power that will be connected to a proprietary power supply configuration.  Not only will the new facility allow for major expansion, the cheap power will be another way in which I can ensure that I'll be able to make weekly payouts for years to come, through thick and thin.

2) Huge expansion of hashing power
I believe is it very risky to invest in any bond where the operator does not already have all the equipment he will be mining with, or at least it has been purchased and its arrival and setup is imminent.  Now I can reveal to you that I have purchased 480 Radeon 5850 GPUs, which will add 175 Gh/s.  The first batch of 240 cards will arrive on June 12, less than a week from now.  The second 240 will arrive the following week.  That will bring my total hash power to just under 300 Gh/s.  Here are some pictures for you of the cards readied for shipment:








3) Bitbond Expands to 150Gh/s
With the new hashing power I will be expanding Bitbonds to 150Gh/s.  Starting Friday morning, June 8, I will offer an additional 32,500 bonds for a total of 65Gh/s in new bonds.  Discounts will be offered to investors buying 400 btc or more of bonds.  PM me if you are thinking of a large investment.  All new shareholders will receive a full week's payout on Saturday evening (provided you buy your bonds before the payout).

4) 110% PPS is back!
As a thank you for those who have invested with me, and as a small incentive for new investors to consider Bitbonds, I will be offering 110% PPS for the next four weeks.  If I can meet efficiency targets that I have set for myself, I will likely extend the 110% payout beyond June.

5) Bitbonds and Loans
I have started to work with Nefario on a new way to use Bitbonds.  Soon you will be able to use Bitbonds as collateral for loans via GLBSE.  For example, if you hold Bitbonds but would like to get a loan from someone, you can use your Bitbonds as collateral.  This will reduce the risk for lenders and give borrowers a way to leverage their investment to secure loans, and do so at a better rate.  Details are still being worked out, but expect more info soon.

[Garr255]

Although I'm not in the financial position to pull something like this expansion off, I'm really glad to see that you are!

Best of luck with the new facility, and I'm sure everyone else would like to see pictures of its progressing setup as well

[amazingrando]

Although I'm not in the financial position to pull something like this expansion off, I'm really glad to see that you are!

Best of luck with the new facility, and I'm sure everyone else would like to see pictures of its progressing setup as well

Thanks Garr!

I will definitely add more pictures as I set up the new rigs.