[BTC-TC] YABMC

[JWU42]

It finally makes sense - apologies for not comprehending this morning...

With > 48,893 shares that was the reason the amount was withheld (48,893 Satoshi).  I will just move over enough to pay out .00054273(1 satoshi per share).

Completed - 1 Satoshi per share now paid out 

[1714699862]

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[1714699862]

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[1714699862]

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[JWU42]

Updated return information - paying almost 1.6% weekly!!!

Return:
Daily        0.00063532 BTC (635.32 μBTC)
Daily ROI   0.2269%
Weekly   1.5883%
Monthly   6.9016%

** As of 6/8/2012 (Ask @ 0.28) with 50 BTC reward and Difficulty at 1583177.84744401 **

[JWU42]

https://bitcointalk.org/index.php?topic=82249.msg950094#msg950094

Update on the growth of YABMC - a pause for now

[JWU42]

Post #2 updated with calculation details for Friday's coupon.  We had a diff change so one extra step involved...

Tuesday's coupon is known as diff will not change -- 0.00254129 per bond.

[JWU42]

Coupon paid - have a great week!

[JWU42]

For those that do not follow the YABMC Growth thread...

https://bitcointalk.org/index.php?topic=82249.msg958401#msg958401

[JWU42]

Coupon paid - enjoy the weekend!

[JWU42]

Coupon paid...

[gewure]

to whom if i may ask?

thought after lasts week selling, theres nobody left to pay. 

[JWU42]

There are still 54K+ shares that received a coupon...

[viboracecata]

The price dropped so quickly

[totaleclipseofthebank]

The weekly yield has gone up to pirate-style levels... seems like quite an overcorrection

[JWU42]

On the yield, quite correct, at .15 (which was available at one point yesterday) the current weekly yield is 2.7186% 

[JWU42]

Coupon paid this morning - will update post #2 and add the new yield data with the diff change and reflective of current pricing.


Return:
Daily        BTC 0.00058256 (582.56 μBTC)
Daily ROI   0.3066%
Weekly   2.1463%
Monthly   9.3261%

** As of 6/22/2012 (Ask @ 0.189999) with 50 BTC reward and Difficulty at 1,726,566.55919348 **

[DiabloD3]

Hey JWU42, have you considered replacing YABMC with a fixed dividend bond instead of per mh? It would go a long way to stabilize GLBSE's wild fluctuations, and clearly you can grow your farm fast enough to keep up.

[JWU42]

DiabloD3,

Appreciate the comment...

I will review with PH and HK and advise.  I doubt that we will be changing the contract and IF we had any intent it would be a new offering.

[HorseRider]

Sorry for double posting what I said in other threads. However, I want to the YABMC investor notice the situation here. The price of YAMBC plunged so fast.

Now this is a negative bubble which is going to burst with a fast price recovery. I have already bought some bond（YABMC).

how fast will the ASIC coming out to the world? I don't think Ciuciu give any margin to those who lend the bond.if he lose the bet, what kind of back up plans does use to cover the loss? This short action is so huge. Is there any possibility that people will never get back their bonds and wealth again? I'm not doubting the personality or credibitlity of ciuciu, I just see there is risk.

If ciuciu is so sure about the future, why didn't he just issue some bond which cost him much less time and bitcoin? I think he is just making a short term trend and bluffing those herding bond traders.

In the coming future weeks, the bitcoin exchange rate is supposed to stick around 6.5 for a while, and ASIC cannot come to the market so fast, and ciuciu may cover some of his short positions, don't mention that there will also be some dividend.

let us see what will happen next 3 weeks.

[HorseRider]

DiabloD3,

Appreciate the comment...

I will review with PH and HK and advise.  I doubt that we will be changing the contract and IF we had any intent it would be a new offering.

I think upgrade the contract when ASIC coming out is fair enough. just like gigavps intended to do:

https://bitcointalk.org/index.php?topic=75802.msg987839#msg987839

[PatrickHarnett]

YABMC has a started contract and terms - we intend to honour that contract and have put significant resources into place to enable us to do that.

ASIC as a concept has been around for a long time and has been in various stages of development as can be seen in the various threads in this forum and in other places as well.  Purchasers of YABMC and other mining bonds should have been aware of this as it is a natural evolution, similar to the introduction of GPU hashing during 2011.

As of today, we have a moderately unreliable company (BFL) saying they might have something that works at some stage in the future, and they want (and are getting)  money upfront at no cost for up to six months to build these things.  As can be seen by the introduction of FGPA equipment, GPU mining or mining in general has not been rendered useless.  Even Gigavps and his 200Ghash makes only a small ripple in overall hashing power on the network.

The SC mini-rigs are forecast to add 1Thash each and even assuming BFL built 16 mini-rigs (the current ones) and there are at least (only) four known to be running, that would be 16Th on top of the existing network speed.  Therefore, it is not likely we will see the network increase by a factor of 50 rendering our bonds worthless as some claim, but possibly a modest doubling or trebling sometime over the next twelve months. 

This means the current bonds are still valuable until such time as BFL or someone else actually has something delivered and running, and how long that might be is for individuals to assess based on track record.

[JWU42]

Coupon paid...

Will update Post #2 later today.