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Author Topic: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond  (Read 13497 times)
rastapool (OP)
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April 18, 2012, 09:41:48 AM
Last edit: October 01, 2013, 08:52:25 PM by rastapool
 #1

Dear miners and investors, I want to offer you my mining bonds.

What I offer:
bonds, 1Mh/s each, currently only 2500, but I will increase this amount over time.
Payouts at least 105% PPS, and at least once per week.
The bond will never expire.
I reserve the option to repurchase bonds at 110% of the highest traded price over the last 15 days.

ASIC update path

Quote
Once BLF will start selling their ASIC devices, I'll buy them. And once, I'll start recieve bitcoins from the ASIC miners, I'll increase my bonds payouts in 6 times, up to 630% PPS. Also I'll create a new mining bonds with 4x that value (25.2 mhs/s 100% PPS) and will offer 0.12 BTC update from the JAH to that bonds 1:1.
Why don't I make BFL-preorder? Because it's just a money locking, it's sensless: there are no way to produce a few ASIC chips. If BFL will success, then they will have at least tens of thousands chips, or even more then 100,000. This is totally different situation compared to BFL FPGA devices. In their interest to produce and sell the devices as quick as they can. So I decided to not make preorder, but wait. When and if BFL will success, I'll buy their ACIS devices.
Also as a backup option, I already bought ASICMINER shares. So, if ASICMINER will pay for shares before BFL success I'll also will start my update.

Once I'll start recieving bitcoins from ASIC miners, I'll offer updates:
Free: 1 Mh/s 105% PPS Rastamine bond will update up to at least 630% PPS.
Paid: 1 Rastamine bond + 0.12 BTC for 1 at least 25.2 mh/s 100% PPS bond.

Where my postASIC bitcoins will came from:
1. I'll order ASIC devices from BFL, once they'll start selling it.
2. I already have ASICMINER shares.

*If BFL devices will have speed/price lower than 80% from anounced, I'll change my offer. Also if ASICMINER will pay less then 80% from anounced, I'll change my offer.

About Me
I'm Ukrainian miner. Most of you don't know me, but currently I'm working on obtaining the "verified" status on GLBSE.

https://glbse.com/asset/view/JAH
https://bitfunder.com/asset/JAH

https://bitfunder.com/asset/RTM
[RTM] https://bitcointalk.org/index.php?topic=77121.msg2017875#msg2017875
Quote
The holder of these bonds will receive as coupons a number of bitcoins equivalent to 100% PPS output of 25.2 MH/s per bond, for as long as they hold the bond.

Dividends
Dividends are paid at weekly or more often in bitcoins.

BuyBack
The issuer can buy back the bond at any time at a price equal to 105% of the highest price the asset was traded on BitFunder over the prior 360 hours.


I'm reading this forum more often than my e-mail. So if you sent e-mail, please send me also PM with notification. Ore just use PM directly if message it allows.

The parasite hates three things: free markets, free will, and free men.
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rastapool (OP)
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April 18, 2012, 09:43:03 AM
Last edit: August 30, 2012, 11:15:56 PM by rastapool
 #2

Q: How much mining power do you really have now?
A: Currently I have 5 Gh/s.

Q: If some of your hardware breaks down, how could you pay the dividends?
A: I have enough own hardware to cower this situation. And I have more than 100 BTC in reserve in case contingencies.

first payment: 2012-04-26 at 00:01. Payment for period from start to 2012-04-25 23:59 UTC
Code:
Payment date    |	Total paid |	 Shares paid |	Payment per share
2012-04-25 19:01 0.31399952 67 0.00468656
2012-04-27 00:01 0.05903948 73 0.00080876
2012-04-28 00:01 0.30033003 429 0.00070007
2012-04-29 00:01 0.31083108 444 0.00070007
2012-04-30 00:01 0.32343234 462 0.00070007
2012-05-01 00:01 0.37383738 534 0.00070007
2012-05-02 00:01 0.58455845 835 0.00070007
2012-05-03 00:01 0.73157315 1045 0.00070007
2012-05-04 00:01 0.8610984 1230 0.00070008
2012-05-05 00:02 1.050105 1500 0.00070007 #got 502 at 00:01 (
2012-05-06 00:02 1.050105 1500 0.00070007 #got Internal Server Error at 00:01
2012-05-07 00:01 1.050105 1500 0.00070007
2012-05-08 00:01 1.050105 1500 0.00070007
2012-05-09 00:01 1.050105 1500 0.00070007
2012-05-10 00:09 1.050105 1500 0.00070007 #
2012-05-11 00:01 0.99999258 1641 0.00060938
2012-05-12 00:01 1.06086094 1741 0.00060934
2012-05-13 00:01 1.15226194 1891 0.00060934
2012-05-14 00:01 1.18029158 1937 0.00060934
2012-05-15 00:01 1.21868 2000 0.00060934
2012-05-16 00:01 1.21868 2000 0.00060934
2012-05-17 00:01 1.21868 2000 0.00060934
2012-05-18 00:01 1.21868 2000 0.00060934
2012-05-19 00:01 1.21868 2000 0.00060934 #next payment: 05/21
2012-05-21 00:01 2.559984 2100 0.00121904
2012-05-22 00:01 1.2857074 2110 0.00060934
2012-05-23 00:01 1.29058212 2118 0.00060934
2012-05-24 00:01 1.32409582 2173 0.00060934
2012-05-25 00:01 1.44569106 2178 0.00066377
2012-05-26 00:01 1.44969552 2184 0.00066378
2012-05-27 00:01 1.45033745 2185 0.00066377
2012-05-28 00:01 1.50476659 2267 0.00066377
2012-05-29 00:01 1.62897768 2311 0.00070488
2012-05-30 00:01 1.53530001 2313 0.00066377
2012-05-31 00:01 1.593048 2400 0.00066377
2012-06-01 00:01 1.6063234 2420 0.00066377
2012-06-02 00:02 1.61893503 2439 0.00066377 #
2012-06-03 00:01 1.65945 2500 0.00066378
2012-06-04 00:01 1.65945 2500 0.00066378
2012-06-05 00:01 1.65945 2500 0.00066378
2012-06-06 00:01 1.65945 2500 0.00066378
2012-06-07 00:01 1.65945 2500 0.00066378
2012-06-08 00:01 1.66775 2500 0.0006671
2012-06-09 00:01 1.66775 2500 0.0006671
2012-06-10 00:01 1.66775 2500 0.0006671
2012-06-11 00:01 1.7764873 2663 0.0006671
2012-06-12 00:01 1.841196 2760 0.0006671
2012-06-13 00:01 1.8672129 2799 0.0006671
2012-06-14 00:01 1.8838904 2824 0.0006671
2012-06-15 00:01 1.8872259 2829 0.0006671
2012-06-16 00:01 1.8872259 2829 0.0006671
2012-06-17 00:01 1.8932298 2838 0.0006671
2012-06-18 00:01 1.8978995 2845 0.0006671
2012-06-19 00:01 1.9699463 2953 0.0006671
2012-06-20 00:01 1.9766173 2963 0.0006671
2012-06-21 00:01 2.1994287 3297 0.0006671
2012-06-22 00:01 2.0164452 3297 0.0006116
2012-06-23 00:01 2.143658 3505 0.0006116
2012-06-24 00:01 2.1638408 3538 0.0006116
2012-06-25 00:01 2.1638408 3538 0.0006116
2012-06-26 00:05 2.1950324 3589 0.0006116 #got "Website currently unavailable" at 00:01
2012-06-27 00:01 2.2066528 3608 0.0006116
2012-06-28 00:01 2.2457952 3672 0.0006116
2012-06-29 00:01 2.2457952 3672 0.0006116
2012-06-30 00:01 2.2488532 3677 0.0006116
2012-07-01 00:01 2.2488532 3677 0.0006116
2012-07-02 00:01 2.2818796 3731 0.0006116
2012-07-03 00:01 2.2892188 3743 0.0006116
2012-07-04 00:01 2.2928884 3749 0.0006116
2012-07-05 00:01 2.3112364 3779 0.0006116
2012-07-06 00:01 2.278737 3779 0.000603
2012-07-07 00:01 2.279943 3781 0.000603
2012-07-08 00:01 2.282958 3786 0.000603
2012-07-09 00:01 2.282958 3786 0.000603
2012-07-10 00:01 2.2914 3800 0.000603
2012-07-11 00:01 2.2914 3800 0.000603
2012-07-12 00:01 2.2914 3800 0.000603
2012-07-13 00:05 2.2914 3800 0.000603 #
2012-07-14 00:01 2.2914 3800 0.000603
2012-07-15 00:01 2.2914 3800 0.000603
2012-07-16 00:01 2.293209 3803 0.000603
2012-07-17 00:02 2.316123 3841 0.000603 #
2012-07-18 00:01 2.320344 3848 0.000603
2012-07-19 00:01 2.1826763 3857 0.0005659
2012-07-20 00:01 2.2262506 3934 0.0005659
2012-07-21 00:01 2.2268165 3935 0.0005659
2012-07-22 00:01 2.2477548 3972 0.0005659
2012-07-23 00:01 2.2636 4000 0.0005659
2012-07-23 00:01 2.2636 4000 0.0005659
2012-07-24 00:01 2.2636 4000 0.0005659
2012-07-25 00:01 2.2636 4000 0.0005659
2012-07-26 00:01 2.2636 4000 0.0005659
2012-07-27 00:01 2.2636 4000 0.0005659
2012-07-28 00:01 2.2636 4000 0.0005659
2012-07-29 00:01 2.2636 4000 0.0005659
2012-07-30 00:01 2.2636 4000 0.0005659
2012-07-31 00:01 2.2636 4000 0.0005659
2012-08-01 00:01 2.0744 4000 0.0005186
2012-08-02 00:01 2.0744 4000 0.0005186
2012-08-03 00:01 2.0744 4000 0.0005186
2012-08-04 00:22 2.0744 4000 0.0005186
2012-08-05 00:01 2.0744 4000 0.0005186
2012-08-06 00:04 2.0744 4000 0.0005186
2012-08-07 00:01 2.0909952 4032 0.0005186
2012-08-08 00:01 2.1003705 4050 0.00051861
2012-08-09 00:01 2.1003705 4050 0.00051861
2012-08-10 00:01 2.1034416 4056 0.0005186
2012-08-11 00:01 2.04478562 4058 0.00050389
2012-08-12 00:01 2.20446792 4058 0.00054324
2012-08-13 00:01 2.15219 4150 0.0005186
2012-08-15 00:01 4.009979 4150 0.00096626 ##
2012-08-16 00:01 2.000964 4150 0.00048216
2012-08-17 00:01 2.000964 4150 0.00048216
2012-08-18 00:01 2.000964 4150 0.00048216
2012-08-19 00:01 2.000964 4150 0.00048216
2012-08-20 00:01 2.000964 4150 0.00048216
2012-08-21 00:01 2.000964 4150 0.00048216
2012-08-22 00:03 2.000964 4150 0.00048216
2012-08-23 00:01 2.000964 4150 0.00048216
2012-08-24 00:01 2.000964 4150 0.00048216
2012-08-25 00:01 2.000964 4150 0.00048216
2012-08-26 00:01 1.7999795 4150 0.00043373
2012-08-27 00:01 1.7999795 4150 0.00043373
2012-08-28 00:01 1.7999795 4150 0.00043373
2012-08-29 00:01 1.7999795 4150 0.00043373
2012-08-30 00:01 1.7999795 4150 0.00043373

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Napster is down - this is the END of illegal file sharing!
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April 18, 2012, 10:09:13 AM
 #3

Could you give an estimation on how would your shares be priced?

How much mining power do you really have now? If you only have 2.5GH/s, if some of your hardware breaks down, how could you pay the dividends?

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April 18, 2012, 10:12:52 AM
 #4

Could you give an estimation on how would your shares be priced?

How much mining power do you really have now? If you only have 2.5GH/s, if some of your hardware breaks down, how could you pay the dividends?

Perhaps he's using the money from the bonds sale to buy more mining hardware, no?
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April 18, 2012, 10:14:37 AM
 #5

Could you give an estimation on how would your shares be priced?

How much mining power do you really have now? If you only have 2.5GH/s, if some of your hardware breaks down, how could you pay the dividends?

Perhaps he's using the money from the bonds sale to buy more mining hardware, no?

Maybe, but the current OP gives so little information.

rastapool (OP)
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April 18, 2012, 10:19:42 AM
 #6

Quote
Perhaps he's using the money from the bonds sale to buy more mining hardware, no?
Now I have 3.5 + 1 (in near future) without money from bonds. Yes, I will use money from bonds for future purchases.
Quote
Could you give an estimation on how would your shares be priced?
Considering market prices, I think 0.3 or close is a good price.

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Napster is down - this is the END of illegal file sharing!
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April 18, 2012, 10:22:32 AM
 #7

It seems that mining bonds are becoming a money making machine for bond issuers. I understand people's craziness to buy them, but it is very unprofessional to just throw out some data in the OP and wait for shining coins from bidders.

We would be very happy and consider buying a considerable amount of them, if you could answer these questions:

1. How do you support the bonds? By real tangible computation power, or other sources of income?

2. If the answer to 1 is the former, could you put some pictures of your mining rigs and the transaction data of your mining pool online?

3. Do you have backup plans for emergency?

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April 18, 2012, 10:35:19 AM
Last edit: April 21, 2012, 09:10:52 AM by rastapool
 #8

Quote
Could you put some pictures of your mining rigs and the transaction data of your mining pool online?
Soon I'll show you pictures of my rigs

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April 18, 2012, 11:15:12 AM
 #9

Why "at least" 105% PPS of 1 MH/s and not 100% PPS of 1.05 MH/s? Roll Eyes

After all you have to think about the fact that after ~1 year (or a bit more) you'll have to mine completely for free to bondholders - indefinitely or until you buy back bonds. Are you really up for this or do you just want to get a cheap loan so you can order some BFL equipment and after a few weeks/months buy back? Maybe think of ways how you could convince me (and others) that this is not the case.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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April 18, 2012, 12:55:42 PM
 #10

Quote
Why "at least" 105% PPS of 1 MH/s and not 100% PPS of 1.05 MH/s?
Because I have more than 100% PPS: Goat mining pool, Clipse, GPUMax, whatever. I have more than 100% PPS, and I offer more than 100% PPS. Technically it is the same with 1.05 MH/s, but 105% is more honest.
Quote
Are you really up for this or do you just want to get a cheap loan so you can order some BFL equipment and after a few weeks/months buy back?
1. Even if this is true. Aren't it's profitable for investors? 110% + weekly dividends?
2. This is not true. But how can I convince you (and others)?

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
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April 19, 2012, 08:00:35 PM
Last edit: April 21, 2012, 10:38:14 AM by rastapool
 #11

As far I can see, my bond is the cheapest offer on the market.

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
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April 21, 2012, 12:11:25 AM
 #12

Verified: Email Address. IPO launched before any demonstrated interest, clarification of contract, references, or community feedback. No response to important queries (plans in case of emergency, pictures of rigs, etc). Both an email and stats on a pool are easy to fabricate or rent. So far, you have provided no tangible proof of identity, not answered serious questions, and launched without fixing or addressing any of these problems.

Starting to smell like mackerel to me...

-- BinaryMage -- | OTC | PGP
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April 21, 2012, 10:37:21 AM
 #13

Quote
Verified: Email Address
I'm Ukrainian, and there are some issues to verify my ID on GLBSE.
Quote
IPO launched before any demonstrated interest, clarification of contract, references, or community feedback.
I selling mining bonds, one bond, one Mh/s. My contract is pretty simple, I don't see, what side of it may need some clarification. Community feedback? If you like it, you buying it, if no, than no, that is the best feedback.
Quote
plans in case of emergency
I thought that I currently answer of that question. I have more mining power, that I selling, and I have money reserve in BTC. If this is not an answer, that, probably, I do not clearly understand the question. What kind of emergency?
Quote
etc
What kind of etc?
Quote
pictures of rigs




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April 21, 2012, 10:41:03 AM
 #14

WOOD!?!?!? That shit will catch on fire, dude!
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April 21, 2012, 10:49:24 AM
 #15

WOOD!?!?!? That shit will catch on fire, dude!

Can fans running fully  function fully off-axis?

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April 21, 2012, 02:46:55 PM
Last edit: April 21, 2012, 04:23:54 PM by BinaryMage
 #16

I'm Ukrainian, and there are some issues to verify my ID on GLBSE.

I'm sure that there are, and I bear no ill intent. Just understand that you have the burden of proof here.

I selling mining bonds, one bond, one Mh/s. My contract is pretty simple, I don't see, what side of it may need some clarification. Community feedback? If you like it, you buying it, if no, than no, that is the best feedback.

If no one buys it, it isn't much of an IPO, is it? I assume you want to sell these; I'm trying to help you by showing why, and least IMHO, people aren't buying them.

I thought that I currently answer of that question. I have more mining power, that I selling, and I have money reserve in BTC. If this is not an answer, that, probably, I do not clearly understand the question. What kind of emergency?

You didn't, not in this thread at least. Thank you for answering.


And thank you for posting pictures of your rigs. They're certainly quite inventively constructed.

-- BinaryMage -- | OTC | PGP
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April 21, 2012, 04:15:00 PM
 #17

Quote
Just understand that you have the burden of proof here.
Yea, I'm working on it.
And I'm grateful for showing my weak sides.
Quote
Can fans running fully  function fully off-axis?
Don't see why not.
Quote
WOOD!?!?!? That shit will catch on fire, dude!
They will not. I do not smoke near them, dude.

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
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April 24, 2012, 10:06:54 AM
 #18

Do you plan to get verified by Nefario anything else than just email address?
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April 25, 2012, 02:44:08 PM
 #19

Yes, I planned, but my plans end reality goes different ways, and I can do nothing with this.
I sent my docs last week, but I still don't received answer from Nefario.

The parasite hates three things: free markets, free will, and free men.
Napster is down - this is the END of illegal file sharing!
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April 25, 2012, 11:20:48 PM
 #20

My first payment.
GLBSE-time and UTC are different times, probably I will switch to GLBSE time.
Temporarily I will make payments more frequently than once a week.

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