MOORE: Mining Bond Beating the Moore's Law (Collecting Shareholder Data)

[friedcat]

If you don't mind my asking, why did it come in 3 parts over the span of more than an hour? Not angry or anything, just curious.

I'm sorry. It's a sequence of payments initiated by a typo.

The span is less than an hour (41-25=16 minutes in my record). The third payment is a (1 satoshi/share) payment to cover the rounding error. I hadn't noticed this difference until I recalled the satoshi-based integer representation of Bitcoin amounts in the GLBSE system 10 minutes later, therefore it's sixteen minutes instead of two.

[1714903131]

1714903131

[1714903131]

1714903131

[1714903131]

1714903131

[nimda]

Oops. I read 2012-07-24 23:41:46 as 2012-07-24 24:41:46
In any case, I bought mo(o)re!

[friedcat]

Oops. I read 2012-07-24 23:41:46 as 2012-07-24 24:41:46
In any case, I bought mo(o)re!

Thanks.  And sorry again for the confusion brought.

[friedcat]

8th Payment

Calculation time: August 1, 03:58:02 forum time

Number of difficulty change: 1
Number of block reward change: 0

Time interval:

  Starting from: July 25, 03:14:26
  Ending at: July 30, 10:53:56
  Total time: 459570
  Difficulty: 1,866,391.31

  Starting from: July 30, 10:53:56
  Ending at: August 1, 03:58:02
  Total time: 147846
  Difficulty: 2,036,671.09

Hashrate of this week: 1.24797MH/s

coupon/share = (1.24797*10^6)/(2^32)*(459570*50/1,866,391.31+147846*50/2,036,671.09)=0.0046320

Number of Shares: 5540

Total Payment: 25.66128

[friedcat]

9th Payment

Calculation time: August 8, 02:53:19 forum time

Number of difficulty change: 0
Number of block reward change: 0

Time interval:

  Starting from: August 1, 03:58:02
  Ending at: August 8, 02:53:19
  Total time: 600917
  Difficulty: 2,036,671.09

Hashrate of this week: 1.25907MH/s

coupon/share = (1.25907*10^6)/(2^32)*(600917*50/2,036,671.09)=0.0043247

Number of Shares: 5153

Total Payment: 22.2851791

[friedcat]

10th Payment

Calculation time: August 15, 05:02:08 forum time

Number of difficulty change: 1
Number of block reward change: 0

Time interval:

  Starting from: August 8, 02:53:19
  Ending at: August 12, 11:47:26
  Total time: 377647
  Difficulty: 2,036,671.09

  Starting from: August 12, 11:47:26
  Ending at: August 15, 05:02:08
  Total time: 234882
  Difficulty: 2,190,865.97

Hashrate of this week: 1.27028MH/s

coupon/share = (1.27028*10^6)/(2^32)*(377647*50/2,036,671.09+234882*50/2,190,865.97)=0.0043275

Number of Shares: 5000

Total Payment: 21.6375

[friedcat]

11st Payment

Calculation time: August 22, 05:58:58 forum time

Number of difficulty change: 0
Number of block reward change: 0

Time interval:

  Starting from: August 15, 05:02:08
  Ending at: August 22, 05:58:58
  Total time: 608210
  Difficulty: 2,190,865.97

Hashrate of this week: 1.28159MH/s

coupon/share = (1.28159*10^6)/(2^32)*(608210*50/2,190,865.97)=0.0041419

Number of Shares: 4968

Total Payment: 20.5769592

[friedcat]

12nd Payment

Calculation time: August 29, 06:14:34 forum time

Number of difficulty change: 1
Number of block reward change: 0

Time interval:

  Starting from: August 22, 05:58:58
  Ending at: August 25 01:46:39
  Total time: 244061s
  Difficulty: 2,190,865.97

  Starting from: August 25 01:46:39
  Ending at: August 29, 06:14:34
  Total time: 361675s
  Difficulty: 2,440,642.61

Hashrate of this week: 1.29299MH/s

coupon/share = (1.29299*10^6)/(2^32)*(244061*50/2,190,865.97+361675*50/2,440,642.61)=0.0039074

Number of Shares: 4851

Total Payment: 18.9547974

[intel-core-i7]

this bond is awesome (cause of the auto-reinvesting part).
Thanks for the last dividend. Enjoy our lended money and make good use of it.

[friedcat]

Update

Tomorrow I will only have the internet access in the evening (Beijing time), so please expect about a 6-10 hours delay of coupon payment. Thanks.

[friedcat]

13rd Payment

Calculation time: September 5, 13:05:22 forum time

Number of difficulty change: 0
Number of block reward change: 0

Time interval:

  Starting from: August 29, 06:14:34
  Ending at: September 5, 13:05:22
  Total time: 629448s
  Difficulty: 2,440,642.61

Hashrate of this week: 1.30450MH/s

coupon/share = (1.30450*10^6)/(2^32)*(629448*50/2,440,642.61)=0.0039166

Number of Shares: 4048

Total Payment: 15.8543968

[friedcat]

14th Payment

Calculation time: September 12, 05:32:20 forum time

Number of difficulty change: 1
Number of block reward change: 0

Time interval:

  Starting from: September 5, 13:05:22
  Ending at: September 6, 18:10:24
  Total time: 104702s
  Difficulty: 2,440,642.61

  Starting from: September 6, 18:10:24
  Ending at: September 12, 05:32:20
  Total time: 472916s
  Difficulty: 2,694,047.95

Hashrate of this week: 1.31611MH/s

coupon/share = (1.31611*10^6)/(2^32)*(104702*50/2,440,642.61+472916*50/2,694,047.95)=0.0033468

Number of Shares: 4048

Total Payment: 13.5478464

[BinaryMage]

I think you meant "Hashrate of this week: 1.31611 MH/s", not 1.30450 MH/s, as the latter was last week's.

[friedcat]

I think you meant "Hashrate of this week: 1.31611 MH/s", not 1.30450 MH/s, as the latter was last week's.

Thanks. Sorry for the typo. The calculation is indeed based on 1.31611 though.

[EskimoBob]

friedcat, how your predictions from page 1 hold up? Have you made any charts with actual historic data and superimposed the results on predictions?
If yes, can you post it?

[intel-core-i7]

naaaice, dividends . I like this bond. Friedcat can be trusted - after I've done my research.Thanks man.

[nimda]

friedcat, how does one go about selling the bonds back to you at 0.5?

(Yes, I only ask because there's a couple hundred selling under 0.5)

[friedcat]

friedcat, how does one go about selling the bonds back to you at 0.5?

(Yes, I only ask because there's a couple hundred selling under 0.5)

It is always valid. You could see it from the dividends record.

I have been doing the buying-back mainly via putting bidding walls. There was also a large buying back that's directly from me via GLBSE asset transferring.

[friedcat]

friedcat, how your predictions from page 1 hold up? Have you made any charts with actual historic data and superimposed the results on predictions?
If yes, can you post it?

The actual results are closer to the very prediction of a persistent difficulty increasing. The data could be fetched from the dividends record in GLBSE.

However, we have boosted the hashrate/share once like a transition. We will do a much more dramatic upgrade of hashrate/share when the ASICMINER project succeeds. After that, MOORE may be used as a window for selling some of the hashing power of ASICMINER. It is also possible that the MOORE will be under the management of ASICMINER instead of me the individual.

[Bitcoin Oz]

friedcat, how your predictions from page 1 hold up? Have you made any charts with actual historic data and superimposed the results on predictions?
If yes, can you post it?

The actual results are closer to the very prediction of a persistent difficulty increasing. The data could be fetched from the dividends record in GLBSE.

However, we have boosted the hashrate/share once like a transition. We will do a much more dramatic upgrade of hashrate/share when the ASICMINER project succeeds. After that, MOORE may be used as a window for selling some of the hashing power of ASICMINER. It is also possible that the MOORE will be under the management of ASICMINER instead of me the individual.

How does ASIC mining differ in calculating how much the hashrate will rise each week ?