[GLBSE] YABMC Growth

[JWU42]

Please review the following on a potential change to coupon frequency...

https://bitcointalk.org/index.php?topic=83229.0

[JWU42]

Help us reach our growth plans of ~1% of the network hashpower.  Put your idle BTC to work and earn ~1.5% per week with coupons paid on Tuesday and Friday.  With difficulty looking to drop yet again the yield only looks to improve more in the coming weeks.

[JWU42]

Coupons tomorrow 

[conspirosphere.tk]

I just received this amount:
0.0   YABMC   2012-06-08 08:08:59

I own 59 YABMC bonds and I used to receive around 0.12 BTC per payment.
Anything wrong?

[edit]: it was just a glitch probably. I had received this other payment 6 minutes before:
0.11201858   YABMC   2012-06-08 08:02:20

[JWU42]

@consirospere.tk -- I suspect the 0.0 was a result of me trying to payout the small balance I mentioned in this thread ==> https://bitcointalk.org/index.php?topic=75867.msg949020#msg949020

[JWU42]

The mining bond market has been very dynamic in the past week.  There have been new entrants at fairly modest hash levels (i.e., less than 2 Gh/s) and more recently major expansions at other existing offerings.  All of this compounded with a significant rise in price of BTC versus most major currencies has created uncertainty in what was a fairly stable market.

HashKing, PatrickHarnett and I (JWU42) believe it is best to pause issuing bonds while we continue to expand our hashing capacity.

We all have additional hardware arriving in the coming weeks and MAY use that as an opportunity to release more bonds.  We will do so publicly and will continue to offer discounts for bulk purchases.

We all sincerely appreciate your support of YABMC!

[PatrickHarnett]

The past week has seen some interesting developments including BTC price increases relative to the USD, falls in prices for bonds on GLBSE and recent large off-market sales.  We have also seen some new equipment become available and the wait for BFL MRs continues, while we (JWU, HashKing and myself) keep our mining operation humming along.

We think that there is appetite for us to offer additional bonds for those after exposure and the benefits of mining without the hassle or cost of running and maintaining equipment, but also do not want to disadvantage existing bond holders.  Therefore, before making further moves we would appreciate some feedback as to volume and price and even timing if we were to issue additional bonds.

[conspirosphere.tk]

we would appreciate some feedback as to volume and price and even timing if we were to issue additional bonds.

I'd appreciate if you try to not reduce the dividend yield whatever you do. 

[JWU42]

Well - new shares at a lower price (more reflective of today's market) would have a higher yield than shares purchased 2-3 weeks ago.  New bonds would (assuming keeping the same structure) receive the same coupon as older bonds.  Since the purchase price would be lower (in this example) the yield would be higher.

If you are referring to yield not decreasing over time that is ultimately a function of difficulty since we are paying 100% PPS of 1 Mh/s.

There have been some other comments on alternates to the variable coupon (difficulty based) mining bonds.  Something we will discuss but would need to be a new issue and not additional shares (most likely).

Thanks again for the comments!