[BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond

[rastapool]

Finally got verified ID mark.

[rastapool]

first 1000 gone

[Sukrim]

So far dividends were daily(!) - very nice.

[JWU42]

Up to 1500 sold now...

And daily dividends is a nice touch 

[MoneyIsDebt]

Any plans for expanding the operation?

[rastapool]

Yes, I want increase my offer from 2.5 to 5 Gh/s at this month. But I actually don't know how things will go.

[Sukrim]

Since it is a 1 MH/s mining bond, it would make sense that he issues another 2500 bonds and sells these...

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.

[rastapool]

Ow, one of your mails I see in spam folder. That's how Yandex works.
Currently I have 5-th, 6-th, and 7-th Radeons in my rig. And I planning increase my mining power with 7990.
There are some issues with FPGA boards in Ukraine, I thinking about it, but currently I do not have FPGA-related plans in near future. BTW, I have low enough electricity cost to stay profitable on 40nm GPU.

Since it is a 1 MH/s mining bond, it would make sense that he issues another 2500 bonds and sells these..

this

[rastapool]

Bonds offer was increased up to 4000.

[MoneyIsDebt]

What does that mean exactly? Will your dividends per share stay the same? Have you expanded your hardware?

[rastapool]

Will your dividends per share stay the same?

Because I'm selling bonds, yes, my rate remains the same: 1 mh / s*bond

Have you expanded your hardware?

Not yet. I just decided to sell, all that I currently have.

[MoneyIsDebt]

Good to hear. Keep up the good work!

[rastapool]

I just receive my Icarus and now I'm able to increase my bonds offer up to 4500.
At this week, or maybe at next (it's a bit difficult to get 79xx here, since Bitcoin is up) I'll increase my hashing power and bonds offer up to 5000. Likely, I'll do this without dedicated post here.

[MoneyIsDebt]

JAH has been paying very regularly - but now it seems to have missed a payout. What's happening?

[rastapool]

Due to bad weather, I was without the internet. Now all is good and I'll make a two days payment in five and a half hours.
Also today I increased my mining power up to 5 Gh/s, but temporary I'm not selling my bonds above 4150.

[MoneyIsDebt]

Cool - thanks for the quick reply

[rastapool]

So, I decided to offer postASIC mining update for my bonds.

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.

[MoneyIsDebt]

Great initiative!

[rastapool]

I'm now selling my bonds above 4150. 5 day average is 0.16, so, I put 350 bonds at that price.

[nameface]

A lot of crazy things have been happening... What's your plan right now re: hardware?