Gigamining / Teramining

[jamesg]

@giga - Will be real cool to double your capacity with just 4 mid-size boxes!   Will you show any pics of all the goodness?

Hi Cablez,

Pics are coming soon. When you are doing things that have never been done before, you always run into bumps in the road. I can disclose that gigamining will soon be running on one of the cheapest electricity rates in the united states and that I am investing heavily to make sure gigamining is the best mining bond to ever exist.

Gigamining's 200Gh will be fully backed by FPGAs and GPUs. We are the first in line to receive mini rigs.

Best,
gigavps

[bitcoiners]

Gigamining is moving to 200Gh in bonds.

More to come.....

I'm curious how this works. When you first issued bonds you had an IPO and sold X amount at like 1 BTC per bond, right?

How do you go about selling new bonds? Do you simply place a sell order on the open market and get people to buy them? If so, at what price? Or do you have specific individuals that buy them? And if so, at what price? I'm just curious about how things work.

I'd like to see this answered.  At what price point are you planning on releasing the bonds?  The bond price seems to have been hit hard just within the last 24 hours alone.

[bitcoiners]

Also, I see on your website you are planning on paying out on all 40k bonds this week?  How do you pay out on bonds that haven't even been sold?

[Timbo925]

I at least hope it wont affect much on the price. Bought in in this bon @ 1.47 so another drop would really hurt my ROI. 

[bitcoiners]

I at least hope it wont affect much on the price. Bought in in this bon @ 1.47 so another drop would really hurt my ROI.  

Not much on the buy side either with a decent wall on the ask in the 1.3ish range.  Another 100 bond sale will push this into 1 BTC territory.

I'm still curious when these next 20k in bonds are going on sale and for how much since they are already going to be paid on.

Edit: Weren't the last ones sold @ 1.5 with 100 bond minimum?  I would assume it would have to be close to this or you screw your early investors.

[bitcoiners]

Another big sale.  This is getting exciting...

[bitcoiners]

sub(marine)

lol  

Now another sell off!  We are around 50 bonds away from 1 BTC!

[bitcoiners]

edit dup

[Sukrim]

Early investors already got quite some dividends already...

Anyways, seems like a cheap opportunity to get some well managed hashes from the market atm!

[bitcoiners]

Early investors already got quite some dividends already...

Yes, but drops like this cancel out what you've made.  Or at least but a big dent in it.

Anyways, seems like a cheap opportunity to get some well managed hashes from the market atm!

agreed!

[jamesg]

Gigamining is moving to 200Gh in bonds.

More to come.....

I'm curious how this works. When you first issued bonds you had an IPO and sold X amount at like 1 BTC per bond, right?

How do you go about selling new bonds? Do you simply place a sell order on the open market and get people to buy them? If so, at what price? Or do you have specific individuals that buy them? And if so, at what price? I'm just curious about how things work.

I'd like to see this answered.  At what price point are you planning on releasing the bonds?  The bond price seems to have been hit hard just within the last 24 hours alone.

The entire sale was to a couple private investors.

[bitcoiners]

Gigamining is moving to 200Gh in bonds.

More to come.....

I'm curious how this works. When you first issued bonds you had an IPO and sold X amount at like 1 BTC per bond, right?

How do you go about selling new bonds? Do you simply place a sell order on the open market and get people to buy them? If so, at what price? Or do you have specific individuals that buy them? And if so, at what price? I'm just curious about how things work.

I'd like to see this answered.  At what price point are you planning on releasing the bonds?  The bond price seems to have been hit hard just within the last 24 hours alone.

The entire sale was to a couple private investors.

Ah I see, thanks!

[redbeans2012]

Gigamining is moving to 200Gh in bonds.

More to come.....

I'm curious how this works. When you first issued bonds you had an IPO and sold X amount at like 1 BTC per bond, right?

How do you go about selling new bonds? Do you simply place a sell order on the open market and get people to buy them? If so, at what price? Or do you have specific individuals that buy them? And if so, at what price? I'm just curious about how things work.

I'd like to see this answered.  At what price point are you planning on releasing the bonds?  The bond price seems to have been hit hard just within the last 24 hours alone.

The entire sale was to a couple private investors.

Can you disclose the price or no?

[sunnankar]

I at least hope it wont affect much on the price. Bought in in this bon @ 1.47 so another drop would really hurt my ROI. 

What type of financial analysis did you do to determine that 1.47 BTC was a good deal?

By my numbers I think 1.3 BTC might even be significantly overvalued. Kind of interesting to see how the market works, isn't it?

[bitcoiners]

I at least hope it wont affect much on the price. Bought in in this bon @ 1.47 so another drop would really hurt my ROI.  

What type of financial analysis did you do to determine that 1.47 BTC was a good deal?

Well considering the second bonds were sold at 1.50.  It sounds like a deal. There are funds being publicly traded on the GLBSE that bought in around that price point.

By my numbers I think 1.3 BTC might even be significantly overvalued. Kind of interesting to see how the market works, isn't it?

From 1.5 to 1.3 in less than a month with 40k shares.  That's a lot of market value they've lost investors that bought in @1.5 during the second round.

Was hoping to see some growth during this expansion not a contraction.

[yochdog]

I at least hope it wont affect much on the price. Bought in in this bon @ 1.47 so another drop would really hurt my ROI. 

What type of financial analysis did you do to determine that 1.47 BTC was a good deal?

By my numbers I think 1.3 BTC might even be significantly overvalued. Kind of interesting to see how the market works, isn't it?

It is a great deal for Giga, that's for sure.  Buy hashes at $.60/MH (mini-rig and GPU) and sell bonds against it at $1.00-1.50/MH.  Makes for one hell of a profit margin.  Easy to finance expansion this way as well. 

[bitcoiners]

Hasn't hit 1 BTC yet but we're close.

1.01 

[copumpkin]

Complaining about the "last" price (or assuming it means anything) is stupid in a shallow market, as is often the case on GLBSE. Nobody wants to leave large quantities of bitcoins in GLBSE to keep open bids on there, so there's never any bid depth. It took 24 shares sold to go from 1.34 to 1.01. The degree of panic I see about this just reveals how little people understand about markets around here.

If we want to fix it, we need GLBSE to provide more incentives to people to be market makers, especially on the bid side. Otherwise, why would I keep my bitcoins locked up in GLBSE when I could be making loads of money with it elsewhere?

[bitcoiners]

Complaining about the "last" price (or assuming it means anything) is stupid in a shallow market, as is often the case on GLBSE. Nobody wants to leave large quantities of bitcoins in GLBSE to keep open bids on there, so there's never any bid depth. It took 24 shares sold to go from 1.34 to 1.01. The degree of panic I see about this just reveals how little people understand about markets around here.

If we want to fix it, we need GLBSE to provide more incentives to people to be market makers, especially on the bid side. Otherwise, why would I keep my bitcoins locked up in GLBSE when I could be making loads elsewhere?

There's no panic from me.  I got the one @ 1.01.   I think now is the time to buy myself.

[stochastic]

Wasn't one bond bought for 10 BTC at the IPO?