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Author Topic: [BTC-TC] YABMC  (Read 42534 times)
JWU42
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August 14, 2012, 10:42:51 AM
 #181

Coupon Paid a bit early - have a good week!

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JWU42
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August 17, 2012, 12:17:26 PM
 #182

Coupon Paid - Have a good weekend!

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August 21, 2012, 12:23:02 PM
 #183

Coupon Paid.  Thanks for your continued support of YABMC!

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totaleclipseofthebank
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August 21, 2012, 08:55:55 PM
 #184

Absolutely loving the recent upswing. Keep up the good work!
totaleclipseofthebank
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August 21, 2012, 11:55:53 PM
 #185

Does YABMC use GPUMAX?
JWU42
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August 22, 2012, 12:23:12 AM
 #186

Does YABMC use GPUMAX?

Yes, we use GPUMAX...

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totaleclipseofthebank
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August 22, 2012, 12:58:51 AM
 #187


ruh roh
JWU42
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August 22, 2012, 01:14:56 AM
 #188


Not sure I follow your comment...

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totaleclipseofthebank
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August 22, 2012, 01:34:48 AM
 #189

What is your take on the security of GPUMAX given the recent developments re. pirateat40?
JWU42
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August 22, 2012, 01:43:00 AM
 #190

What is your take on the security of GPUMAX given the recent developments re. pirateat40?

Still not following...

Security of GPUmax in what sense?


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totaleclipseofthebank
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August 22, 2012, 01:49:23 AM
 #191

What is your take on the security of GPUMAX given the recent developments re. pirateat40?

Still not following...

Security of GPUmax in what sense?



Do you have coins in GPUmax or are they always withdrawn instantly?
misterbigg
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August 22, 2012, 01:54:06 AM
 #192

Why has this bond lost 70% of its face value from the original date of issue?

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August 22, 2012, 01:55:51 AM
 #193

Why has this bond lost 70% of its face value from the original date of issue?


What has the projected increase in difficulty been since the date of issue?

Introducing constraints to the economy only serves to limit what can be economical.
misterbigg
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August 22, 2012, 01:58:13 AM
 #194

What has the projected increase in difficulty been since the date of issue?

Are you saying that the change in value is due to difficulty changes?

totaleclipseofthebank
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August 22, 2012, 01:59:38 AM
 #195

What has the projected increase in difficulty been since the date of issue?

Are you saying that the change in value is due to difficulty changes?


As difficulty increases the payout of 1Mh decreases. The rise in difficulty has been large with the recent BTCUSD rally.
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August 22, 2012, 02:03:46 AM
 #196

What is your take on the security of GPUMAX given the recent developments re. pirateat40?

Still not following...

Security of GPUmax in what sense?

Pirate sailed off to pirate island. There is considerable uncertainty about whether any accounts receivables are worth anything. As I understand it Pirate operates GPUmax. If you mine at GPUmax and if you have not withdrawn bitcoins then those accounts receivables may need to be discounted which would then need to be factored into the value of the security.

JWU42
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August 22, 2012, 09:39:38 AM
 #197

All,

GPUmax pays out on a almost daily basis - there is nothing to withdraw - it is a "manual" system.

Also, with GPUmax, you only accrue BTC when they are leasing your shares - which has been well under 50% of the time - so the shares are proxied to the "offline" pool of our choosing.  We then get payment from that offline pool.

Said differently, GPUmax is currently accounting for less than 30% of my daily mining income.  Additionally, I was paid yesterday from GPUmax (as were all miners).

Also, please note, that we have hashing power far in excess of the 54.7 Gh/s of bonds sold.  Personally, I have added 25 Gh/s recently and know that hashking and PatrickHarnett have added to their operations since their involvement in YABMC.

I hope this eases some of your concerns.

Best,

JW

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PatrickHarnett
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August 22, 2012, 07:23:48 PM
 #198

As 1/3rd of YAMBC, I should comment that personally I do not use GPUmax, although I have an account.
totaleclipseofthebank
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August 22, 2012, 07:48:28 PM
 #199

All,

GPUmax pays out on a almost daily basis - there is nothing to withdraw - it is a "manual" system.

Also, with GPUmax, you only accrue BTC when they are leasing your shares - which has been well under 50% of the time - so the shares are proxied to the "offline" pool of our choosing.  We then get payment from that offline pool.

Said differently, GPUmax is currently accounting for less than 30% of my daily mining income.  Additionally, I was paid yesterday from GPUmax (as were all miners).

Also, please note, that we have hashing power far in excess of the 54.7 Gh/s of bonds sold.  Personally, I have added 25 Gh/s recently and know that hashking and PatrickHarnett have added to their operations since their involvement in YABMC.

I hope this eases some of your concerns.

Best,

JW


Great. Thanks for the clarification!
conspirosphere.tk
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August 22, 2012, 09:56:13 PM
 #200

Also, please note, that we have hashing power far in excess of the 54.7 Gh/s of bonds sold.  Personally, I have added 25 Gh/s recently and know that hashking and PatrickHarnett have added to their operations since their involvement in YABMC.

Does this means that YABMC bonds are now paying more than 1 Mhs/s ppt?

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