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

[friedcat]

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

It will be done as the one before: when upgrade with ASICMINER, we directly push X weeks ahead, resulting in a jump of (1+0.89%)^X, then grow by 0.89% each week as usual.

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[friedcat]

15th Payment

Calculation time: September 19, 06:39:24 forum time

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

Time interval:

  Starting from: September 12, 05:32:20
  Ending at: September 19, 06:39:24
  Total time: 608824s
  Difficulty: 2,694,047.95

Hashrate of this week: 1.32782MH/s

coupon/share = (1.32782*10^6)/(2^32)*(608824*50/2,694,047.95)=0.0034933

Number of Shares: 4048

Total Payment: 14.1408784

[SebastianJu]

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

It will be done as the one before: when upgrade with ASICMINER, we directly push X weeks ahead, resulting in a jump of (1+0.89%)^X, then grow by 0.89% each week as usual.

Whats X?

Maybe you can say a range where x will lie in? Or is it like it was with the liquid helium plan?

[friedcat]

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

It will be done as the one before: when upgrade with ASICMINER, we directly push X weeks ahead, resulting in a jump of (1+0.89%)^X, then grow by 0.89% each week as usual.

Whats X?

Maybe you can say a range where x will lie in? Or is it like it was with the liquid helium plan?

X will lie in the range to keep the price level at 0.5. It will probably a much bigger number than the original liquid helium plan's. If the exchange rate does not change, please expect the original estimation:

Therefore we have two choices now. One is to empower MOORE with my own ASIC project when it succeeds (estimated deploying time at October-November this year), the other is to buy BFL ASICs. In both cases I will continue to pay coupons and increase the hashrate steadily by 0.89% per week before suddenly pulling the hashrate up with the help of new mining rigs with a new execution of the new Liquid Helium plan.

The estimation of the first choice is about 200-300MH/(second*share).
The estimation of the second choice is about 50-100MH/(second*share).

Both are based on the current price level of Bitcoin. The 0.89% growth will still be maintained after the upgrade.

And if at that time, the market tells me the hashrate/share is too high, I will raise the price when selling more. If too low, I will push the hashrate higher.

[friedcat]

16th Payment

Calculation time: September 26, 10:30:18 forum time

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

Time interval:

  Starting from: September 19, 06:39:24
  Ending at: September 19, 22:13:25
  Total time: 56041s
  Difficulty: 2,694,047.95

  Starting from: September 19, 22:13:25
  Ending at: September 26, 10:30:18
  Total time: 562613s
  Difficulty: 2,864,140.50

Hashrate of this week: 1.33964MH/s

coupon/share = (1.33964*10^6)/(2^32)*(56041*50/2,694,047.95+562613*50/2,864,140.50)=0.0033879

Number of Shares: 3961

Total Payment: 13.4194719

[friedcat]

17th Payment

Calculation time: October 3, 09:04:10 forum time

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

Time interval:

  Starting from: September 26, 10:30:18
  Ending at: October 3, 01:17:01
  Total time: 571603s
  Difficulty: 2,864,140.50

  Starting from: October 3, 01:17:01
  Ending at: October 3, 09:04:10
  Total time: 28029s
  Difficulty: 3,054,627.53

Hashrate of this week: 1.35156MH/s

coupon/share = (1.35156*10^6)/(2^32)*(571603*50/2,864,140.50+28029*50/3,054,627.53)=0.0032845

Number of Shares: 3958

Total Payment: 13.000051

[Tachikoma]

What's the plan now that GLBSE has closed? 

[greyhawk]

It's a secret.

[friedcat]

What's the plan now that GLBSE has closed? 

The shareholder data will be transferred and maintained as soon as we get it from GLBSE.

Before the things settle down, all coupons will be (linearly) accumulated.

[Tachikoma]

Thanks for the update.

[friedcat]

18th Week's Coupon Pre-Calculation

Calculation time: October 10, 10:51:06 forum time

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

Time interval:

  Starting from: October 3, 09:04:10
  Ending at: October 10, 10:51:06
  Total time: 611216s
  Difficulty: 3,054,627.53

Hashrate of this week: 1.36359

coupon/share = (1.36359*10^6)/(2^32)*(611216*50/3,054,627.53)=0.0031764

Number of Shares: 3958

Total Payment: 12.5721912

(The payment will be linearly accumulated till we are able to pay)

[Bitcoin Oz]

Thanks friedcat. Ive got a few shares locked up in  glbse 

[friedcat]

Update

In case of the possibility we could not receive the shareholders data, we begin collecting the claims ourselves.

Please send to (fnnirvana@gmail.com) your number of shares and your Bitcoin address for receiving dividends. Please annotate that they are MOORE shares to avoid confusion with ASICMINER or MU shares. You could accompany them with any evidence you think is OK to provide. It is highly recommended that you use an address that you have its private key. By that, you may enjoy more facilities provided by our future automatic migrating platform.

[friedcat]

19th Week's Coupon Pre-Calculation

Calculation time: October 17, 11:18:23 forum time

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

Time interval:

  Starting from: October 10, 10:51:06
  Ending at: October 16, 16 22:56:08
  Total time: 561902s
  Difficulty: 3,054,627.53

  Starting from: October 16, 16 22:56:08
  Ending at: October 17, 11:18:23
  Total time: 44535s
  Difficulty: 3,072,321.73

Hashrate of this week: 1.37573

coupon/share = (1.37573*10^6)/(2^32)*(561902*50/3,054,627.53+44535*50/3,072,321.73)=0.0031782

Number of Shares: 3958

Total Payment: 12.5721912 (last accumulated) + 12.5793156 (this week) = 25.1515068

(The payment will be linearly accumulated till we are able to pay)

[friedcat]

20th Week's Coupon Pre-Calculation

Calculation time: October 24, 12:15:35 forum time

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

Time interval:

  Starting from: October 17, 11:18:23
  Ending at: October 24, 12:15:35
  Total time: 608232s
  Difficulty: 3,072,321.73

Hashrate of this week: 1.38797

coupon/share = (1.38797*10^6)/(2^32)*(608232*50/3,072,321.73)=0.0031988

Number of Shares: 3958

Total Payment: 25.1515068 (last accumulated) + 12.6608504 (this week) = 37.8123572

(The payment will be linearly accumulated till we are able to pay)

[friedcat]

21st Week's Coupon Pre-Calculation

Calculation time: October 31, 11:00:08 forum time

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

Time interval:

  Starting from: October 24, 12:15:35
  Ending at: October 29, 23:20:30
  Total time: 471895s
  Difficulty: 3,072,321.73

  Starting from: October 29, 23:20:30
  Ending at: October 31, 11:00:08
  Total time: 128378s
  Difficulty: 3,304,356.39

Hashrate of this week: 1.40032

coupon/share = (1.40032*10^6)/(2^32)*(471895*50/3,072,321.73+128378*50/3,304,356.39)=0.0031372

Number of Shares: 3958

Total Payment: 37.8123572 (last accumulated) + 12.4170376 (this week) = 50.2293948

(The payment will be linearly accumulated till we are able to pay)

[friedcat]

22nd Week's Coupon Pre-Calculation

Calculation time: November 7, 10:40:22 forum time

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

Time interval:

  Starting from: October 31, 11:00:08
  Ending at: November 7, 10:40:22
  Total time: 603614s
  Difficulty: 3,304,356.39

Hashrate of this week: 1.41279

coupon/share = (1.41279*10^6)/(2^32)*(603614*50/3,304,356.39)=0.0030044

Number of Shares: 3958

Total Payment: 50.2293948 (last accumulated) + 11.8914152 (this week) = 62.12081

(The payment will be linearly accumulated till we are able to pay)

[friedcat]

Update

To any shareholders who haven't made claims yet, please report your shares to
(fnnirvana@gmail.com) with your e-mail address, your number of shares, and your
Bitcoin address.

The collection of claims could not last forever. We would in principle stop collecting
claims on forum time 23:59:59, Nov. 18th. Any claims after that should come with
very solid proof.

If you have friends or known people who don't visit this forum often, please do us
a favor to tell notify them.

And please keep in mind that this is only a backup plan on the event that GLBSE fails
to give any data.

[jackmaninov]

Do you have any advice to shareholders that are unsure of how many shares they owned at the time the GLBSE stopped providing any data? I unfortunately didn't have an up-to-date copy of my CSV file when they went down

[Akka]

Do you have any advice to shareholders that are unsure of how many shares they owned at the time the GLBSE stopped providing any data? I unfortunately didn't have an up-to-date copy of my CSV file when they went down

Same here, I have no Idea how many share I had. I didn't keep much attention to it, just occasionally bought some when they where cheap. What should I claim? A random number that looks nice? The only thing I know is that I had (have?) shares.