[CLOSED] 007 Bonds - 1Mh/s

[lomax]

Update: This operation is closed and all obligations settled. Please feel free to PM if you would like to discuss anything further.

Announcing - 007 Bonds - 1MH PPS - Powered by Butterfly Labs

https://glbse.com/asset/view/007

You know the drill.. These bonds entitle the bearer to the PPS payout equal to one megahash per second.

- 800 Shares shall be issued, hashing is provided by one BFL Single.
- [Updated] - 500 Pre-IPO shares have been sold, the remaining 300 will be offered at 0.29.
- Dividends will be paid weekly on or about* the IPO anniversary.
- Any day difficulty changes on will be calculated at the lowest difficulty.



FAQ

Q - Who are you?
A - Long time listener first time caller, mining and using bitcoin for about a year now.

Q - Why buy these bonds?
A - Why not? I personally hold many of the mining bonds available, diversity is your friend.

Q - What if the single breaks?
A - I have ample GPU hashing power to cover downtime.

Q - Why is there a * in the dividends clause.
A - This is a one man band, I reserve the right to take vacations but will always communicate any expected delay or otherwise.

[lomax]

people feel the need to reserve this bit.

[PsychoticBoy]

The name is Bond, James Bond.

[lomax]

Updated share offering after another pre-IPO purchase

[lomax]

And we are Live! Get in while they are cheap.

[lomax]

I think you've answered your own question in part, its possibly better to buy bonds that are reasonably stable in price across all the offerings than wait however long BFL is taking to ship, or you may not have the stomach for investing in hardware.

[brendio]

Maybe I just missed something in my calculations.

Does a BFL run on air and never break down?

I have my own opinion on the value of mining bonds, but running and replacement costs need to be taken into account in any comparison, such that each investment has its own pros and cons.

[lomax]

Made a test dividend, GLBSE needs a manual..

Code:

Payment date | 	Total paid | 	Shares paid | 	Payment per share
2012-05-22 09:45	0.9999978	510	0.00196078

Enjoy!

[lomax]

The full 800MH/s will be paid out to any bonds that have sold.

With a retarget estimate of 1595297.29771767 the payout would be ~3.37 (currently 510 bonds sold).

[lomax]

Dividend paid for this week.

Code:

Payment date | 	Total paid | 	Shares paid | 	Payment per share
2012-05-27 00:45	3.4199949	545	0.00627522

Will continue to pay full 800MH/s as they sell.

[lomax]

Thanks to Butterfly Labs release of improved firmware we have seen a good gain in hash rate. As a bonus 'thank you' to investors this will be distributed between shares until further notice, bringing the payout up to 105% PPS.

Furthermore I'm giving notice that this weeks dividend will be paid early, in the next 24 hours, as I will be out of the country for a few days.

[lomax]

The dividend for week ending Sunday, June 3rd, paid early as advised.

Code:

Payment date | 	Total paid | 	Shares paid | 	Payment per share
2012-05-31 02:20	3.71199568	656	0.00565853

[lomax]

Dividend for week ending Sunday June 10th paid.

Code:

Payment date | 	Total paid | 	Shares paid | 	Payment per share
2012-06-10 00:07	3.73999745	697	0.00536585

[lomax]

Dividend for week ending 17th June paid.

Code:

Payment date | 	Total paid | 	Shares paid | 	Payment per share
2012-06-17 01:35	3.73999745	697	0.00536585

[John (John K.)]

Are you planning to verify with GLBSE?

[lomax]

Are you planning to verify with GLBSE?

No, don't really see a need at this point since most of the IPO sold and its doubtful the rest will in this market, without lowering the price (which I'm also not considering, currently). So I would be reducing my personal security in order to give investors more confidence, in the 103 outstanding shares, worth all of 29btc.  

[lomax]

Dividend for week ending 24th June paid.

Code:

2012-06-24 07:09	3.55999416	723	0.00492392

[lomax]

Gentlemen,

Dividends paid for week ending July 1st, accidentally add the bonus 5% twice (one too many martitnis) so enjoy the extra.

Code:

Payment date | 	Total paid | 	Shares paid | 	Payment per share
2012-07-01 01:57	3.59999775	723	0.00497925

The big news this week is the new BFL product, what this means for mining bonds is not entirely clear but Q is in the lab working on a plan. An SC single upgrade has been purchased, with our order placed within the first 100 according to https://bitcointalk.org/index.php?topic=89521.0.

[lomax]

Dividend for week ending July 8th (includes a little bonus for lateness, sorry)

Code:

Payment date | 	Total paid | 	Shares paid | 	Payment per share
2012-07-09 15:55	3.49999962	723	0.00484094

[lomax]

Dividends for 15th July paid.

Code:

Payment date | 	Total paid | 	Shares paid | 	Payment per share
2012-07-15 06:59	3.39999426	723	0.00470262