Bitcoin Forum
December 05, 2016, 08:45:31 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 [6] 7 »  All
  Print  
Author Topic: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond  (Read 12378 times)
Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
June 03, 2013, 03:12:51 PM
 #101

Mining bonds don't even have to be backed by mining at all, they are just dependent on difficulty.

Yes, it is good for the issuer (if he actually does mine) to have cheap electricity, but this doesn't influence the payout of the bond at all.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
1480927531
Hero Member
*
Offline Offline

Posts: 1480927531

View Profile Personal Message (Offline)

Ignore
1480927531
Reply with quote  #2

1480927531
Report to moderator
1480927531
Hero Member
*
Offline Offline

Posts: 1480927531

View Profile Personal Message (Offline)

Ignore
1480927531
Reply with quote  #2

1480927531
Report to moderator
1480927531
Hero Member
*
Offline Offline

Posts: 1480927531

View Profile Personal Message (Offline)

Ignore
1480927531
Reply with quote  #2

1480927531
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480927531
Hero Member
*
Offline Offline

Posts: 1480927531

View Profile Personal Message (Offline)

Ignore
1480927531
Reply with quote  #2

1480927531
Report to moderator
1480927531
Hero Member
*
Offline Offline

Posts: 1480927531

View Profile Personal Message (Offline)

Ignore
1480927531
Reply with quote  #2

1480927531
Report to moderator
1480927531
Hero Member
*
Offline Offline

Posts: 1480927531

View Profile Personal Message (Offline)

Ignore
1480927531
Reply with quote  #2

1480927531
Report to moderator
SOSLOVE868
Sr. Member
****
Offline Offline

Activity: 378


View Profile
June 03, 2013, 03:23:03 PM
 #102

   So I calculated approx. .07 BTC per share in the next 91 days. Assuming the decline is steady at a rate of decline of 26% per quarter, this means the next quarter would be .0518, the next .038, and the next .029. That means your one year return on your money is a total of .1888 BTC. So if you buy at .2 BTC, you will be making 94% on your money, if you buy at .3 you will make 62%, if you buy at .4 (like I did) you will make 47%.

  Considering the uncertainty involved this is a fair return. Somebody just bought 67 shares at .2, so this is probably a really good deal if the share price stabilizes. Of course, if difficulty increases exponentially and mining yields decrease at an accelerating rate, then the calculation above will not be valid and the return will be less.

   Ultimately whether this is a good investment or not all depends on confidence of investors, because we determine the share price. As far as mining bonds go, I figure this must be one of the best due to electricity in Ukraine being the cheapest in the world. I don't see how someone living in the US or Germany, paying 6+ cents per Kwh and paying higher cost of living for food and rent can compete with 3-4 cents per Kwh and cheaper labor, food, and rent. Since the dividends are currently backed by ASICMiner, at any price below .4, it's like buying discounted Asicminer passthrough shares.

It would be very helpful if rastapool could tell us if this rate of decline in dividends is expected to be steady or if it will accelerate.
some one just sold 68 shares at 0.2...seems he/she is panic about holding on PMB...
jim667
Jr. Member
*
Offline Offline

Activity: 37


View Profile
June 03, 2013, 06:07:44 PM
 #103

Could have something to do with a new mining bond just IPOed on the exchange.
Ashitank
Hero Member
*****
Offline Offline

Activity: 560



View Profile
June 07, 2013, 08:10:42 AM
 #104

Hey Rastapool any plans to increase hash power on these bonds as once 100thmine on picostocks starts mining at 200Mh/s per share for ~.28 btc RTM will loose its value quick.
rastapool
Sr. Member
****
Offline Offline

Activity: 456



View Profile
June 08, 2013, 07:40:08 PM
 #105

Hey Ashitank, today I have no plans to increase hash power of each bond.

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
nwfella
Legendary
*
Offline Offline

Activity: 1218


btc tips: 1Mdj8tkHBS96JQLevLkuSWmAaQ5DFufZ3k


View Profile
August 12, 2013, 01:59:48 AM
 #106

Hey rastapool...just picked up a share of your RTM and JAH each. Could you give me some idea as to what current estimated hashrate/share payouts we might be expecting? And when do you think next RTM dividends might be getting paid out?

*I'm sorta new to this whole bitfunder situation deal so go easy mon Tongue

ZEC: t1Jd1615qcMq1FQeXPdm1zvjVvnEMAamLNC
rastapool
Sr. Member
****
Offline Offline

Activity: 456



View Profile
October 01, 2013, 08:51:46 PM
 #107

Hey all
A few month passed since my last activity here. Today I have 22+ Th/s of mining power to sell.
Hardware that I use is based on the Bitfury's chips and already installed and launched.
You can chack it on the ghash.io pool.
Username is 'rastapool', same as here, password is the same as username.

Also, from today I'll increase my bond by 4x, up to 100.8 Mh/s. All other conditions remains the same.
Considering 100th prices are 0.082/0.125, I think 0.037 per RTM-bond is pretty fair.
You can purchase this bonds at https://bitfunder.com/asset/RTM

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
rastapool
Sr. Member
****
Offline Offline

Activity: 456



View Profile
October 07, 2013, 03:50:05 PM
 #108

Hi again.
I discovered that 0.037 per 100.8 Gh/s is a bit too high price. And there are pretty low interest at that price.
So, I set the price down to 0.032.
There was 0.00204384 divs per bond since I offered new bonds. And I decided to return (0.037-0.032-0.00204384) = 0.003 BTC per share for all who bought for 0.037. You can see my last divs was 0.003/share and from that price is 0.032/bond.
And one more thing: nice picture for this thread

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
fewerlaws
Newbie
*
Offline Offline

Activity: 8



View Profile
October 07, 2013, 04:55:00 PM
 #109

Hi rastapool,

I was the largest sharehold of RTM up until your 20x share dilution.  I own 649 shares, which was 13% of the compnay (assuming 5000 total issued RTM shares before October 1, 2013).  Please correct me if I'm wrong.

While I am happy about the 4x increase in dividends/share, I am very unhappy about my stake in the company being diluted so much.  While I realize you have the right on BitFunder to increase shares without vote, is there some way you can announce your intentions before you actually carry them out?

Thank you for the pic.  This mine is certainly an improvement over your JAH mine that you photographed over a year ago and that was comprised of several GPUs.  Where is this new 22TH mine located?

Thanks,
fewerlaws
PinkBatman
Sr. Member
****
Offline Offline

Activity: 267



View Profile
October 09, 2013, 05:55:59 PM
 #110

What's the plan for the bitfunder changes?
HowlingMad
Full Member
***
Offline Offline

Activity: 167


View Profile
October 14, 2013, 04:06:13 PM
 #111

Rastapool,
have not seen any dividends on RTM at Bitfunder since the 11th of October?   Huh Could you tell us what is happening?
Thank you.
I reread the prospectus which stated "dividends to be paid weekly or sooner".  Sorry about that.

I can be found on BTCJam, CoinLenders, BTCT.co, CoinBase, Bitfunder and TripleMining.com

Look for HowlingMad.us later in the 2013! Dead project!
HowlingMad
Full Member
***
Offline Offline

Activity: 167


View Profile
October 22, 2013, 01:21:35 AM
 #112

What's the plan for the bitfunder changes?
I agree.  Any plans to do any passthru funds?  I am a US citizen and am not very happy with Bitfunder right now.

I can be found on BTCJam, CoinLenders, BTCT.co, CoinBase, Bitfunder and TripleMining.com

Look for HowlingMad.us later in the 2013! Dead project!
rastapool
Sr. Member
****
Offline Offline

Activity: 456



View Profile
October 31, 2013, 11:05:29 AM
 #113

All bonds are buyed back, securities are closed on the BF.

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
deizel
Member
**
Offline Offline

Activity: 114


View Profile
October 31, 2013, 04:27:01 PM
 #114

All bonds are buyed back, securities are closed on the BF.

The buy back was performed (in the form of a dividend) before the asset was frozen.

Unfortunately, I had BitFunder's dividend reinvestment feature enabled on this asset.

As such, BitFunder performed 4 trades on my behalf before the asset was frozen.



This has left me in a position where I now hold 314 shares in a frozen asset, and a small amount of change from the buy back.

Some lucky sellers have effectively had their shares bought back twice (once by the asset issuer and once by me).

So, a few questions:

- Should the asset issuer have frozen the asset before issuing the dividend?
- Can the asset issuer even distribute dividends after the asset is frozen? (Not sure how this aspect of BitFunder works)
- Are any of the lucky sellers reading this? Wink

In the exceptional circumstance that someone wishes to return or contribute to my loss, my address is below.

Thanks for listening. Look forward to any comments.
Ukyo
Sr. Member
****
Offline Offline

Activity: 448



View Profile WWW
October 31, 2013, 04:50:06 PM
 #115

So, a few questions:

- Should the asset issuer have frozen the asset before issuing the dividend?
- Can the asset issuer even distribute dividends after the asset is frozen? (Not sure how this aspect of BitFunder works)
- Are any of the lucky sellers reading this? Wink

The asset should have been frozen first.
The system has no way to know that a dividend being issued is not a normal dividend.
Not sure why anyone would want to allow trading after a final dividend payment goes out...

-Ukyo

BitFunder - Asset Exchange Marketplace https://bitfunder.com
WeExchange - AUD (Direct Bank Transfers), CAD (Interac), USD BTC Exchange & Options Trading
deizel
Member
**
Offline Offline

Activity: 114


View Profile
October 31, 2013, 05:27:23 PM
 #116

The asset should have been frozen first.

Thanks for the quick response Ukyo. Both TAT (on IRC) and yourself seem to agree on this point.

I understand that, in the situation that has occurred, I can't simply be refunded as the funds have went elsewhere.

Maybe the asset issuer will make a goodwill gesture if they believe some of the blame lies with them.
rastapool
Sr. Member
****
Offline Offline

Activity: 456



View Profile
October 31, 2013, 09:20:08 PM
 #117

Yes, I see those reinvestment buys. Unfortunately I saw this after I made div payment. I should have to freeze asset first, and this situation is fully my fault.
deizel, just give me your BTC address and I'll transfer you 5.2 BTC
best, rastapool

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
deizel
Member
**
Offline Offline

Activity: 114


View Profile
November 01, 2013, 12:04:47 PM
 #118

Yes, I see those reinvestment buys. Unfortunately I saw this after I made div payment. I should have to freeze asset first, and this situation is fully my fault.
deizel, just give me your BTC address and I'll transfer you 5.2 BTC
best, rastapool

Hi Rastapool, thanks for coming to my aide. My BTC address is 135FGWACVPru61C5Tv2xuJmv5NREKTbQBY.

I now know to set more reasonable limits for dividend reinvestment(s) in the future.

On the bright side, we now have a funny reminder of all this in BitFunder's "My Assets" tab:





Edit - Refund received and trust feedback left. Thanks!
davesag
Newbie
*
Offline Offline

Activity: 9


Mine mine mine


View Profile WWW
November 09, 2013, 03:27:59 AM
 #119

All bonds are buyed back, securities are closed on the BF.

I still have a couple of RTM shares in Bitfunder - will they be bought back/what is the process for that? or is there a way to transfer them to Havelock (for example)?

Cheers

dave

Open to offers. Will code for BTC.
davesag
Newbie
*
Offline Offline

Activity: 9


Mine mine mine


View Profile WWW
November 10, 2013, 05:45:50 AM
 #120

All bonds are buyed back, securities are closed on the BF.

When you say "all bonds are buyed back" I still have RTM assets in Bitfunder and so do some of my friends.  What is the process for either a) selling them back to you, or b) transferring the assets to another registry such as Havelock?

Cheers, Dave


Open to offers. Will code for BTC.
Pages: « 1 2 3 4 5 [6] 7 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!