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

[piotr_n]

I like it too.

MOORE is the only mining bond, which price hasn't been collapsing for the last 2 weeks - and yet they still decided to limit the supply.

At least one mining investment that doesn't just tell you "these are bond so their price is meant to go down to zero, and you're getting what was promised so fuck off".

[EskimoBob]

... At least one mining investment that doesn't just tell you "these are bond so their price is meant to go down to zero, and you're getting what was promised so fuck off".

+1

[nimda]

The key is to invest in mining companies, not bonds. Isn't it obvious that the value of 1MH/s will always go down? On average, the difficulty increases and the block reward decreases. MOORE is nice because it's a deterministic bond which will always increase its hashpower, but there's also things like Cognitive, which is about to double its hashpower.

[Bitcoin Oz]

The key is to invest in mining companies, not bonds. Isn't it obvious that the value of 1MH/s will always go down? On average, the difficulty increases and the block reward decreases. MOORE is nice because it's a deterministic bond which will always increase its hashpower, but there's also things like Cognitive, which is about to double its hashpower.

I like both cognitive and Moore as well 

[friedcat]

The key is to invest in mining companies, not bonds. Isn't it obvious that the value of 1MH/s will always go down? On average, the difficulty increases and the block reward decreases. MOORE is nice because it's a deterministic bond which will always increase its hashpower, but there's also things like Cognitive, which is about to double its hashpower.

Well we are about to jump our hashpower by magnitudes when cheap ASIC is out. The time value of our large price spread towards normal deterministic bonds is just to get ready for these sort of things.

[friedcat]

5th Payment

Calculation time: June 27, 04:57:01 forum time

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

Time interval:
  Starting from: June 20, 03:59:43
  Ending at: June 20, 16:11:10
  Total time: 43887s
  Difficulty: 1,583,177.85

  Starting from: June 20, 16:11:10
  Ending at: June 27, 04:57:10
  Total time: 564360s
  Difficulty: 1,726,566.56

Hashrate of this week: 1.19388MH/s

coupon/share = (1.19388*10^6)/(2^32)*(43887*50/1583177.85+564360*50/1726566.56)=0.0049283

Number of Shares: 8233

Total Payment: 40.5746939

[friedcat]

The Liquid Helium Plan

If a catastrophe comes, we can save ourselves by soaking our body with liquid helium, and wake up in a brighter future.

To cope with the panic of mining bonds, I've decided to freeze the entire earth. Now it's already 17 weeks later. You don't feel anything, but it's indeed 17 weeks later. I can feel the soft and cool breeze of the late autumn, can't you?

Anyway our contract has to be accurately executed. So we have no choice but to re-calculate our hashrate from 1.03608 to 1.19388.

The similar plan will be launched in the future if similar disaster happens.

First launch: 17 weeks, 1.03608MH/s to 1.19388MH/s.

[BurtW]

Excellent idea.  I like it!

[BurtW]

The hash rate per bond is supposed to increase a certain small amount every week. 

What he did was "skip ahead" so the hash rate went from 1.03608MH/s per bond to 1.19388MH/s per bond.

This is the equivalent of 17 weeks of increases in the hash rate per bond in only one week!!!

[Bitcoin Oz]

nom nom nom

[Bitcoin Oz]

The hash rate per bond is supposed to increase a certain small amount every week. 

What he did was "skip ahead" so the hash rate went from 1.03608MH/s per bond to 1.19388MH/s per bond.

This is the equivalent of 17 weeks of increases in the hash rate per bond in only one week!!!

omg.. I need to buy more shares o_O

ikr

Some of the mining companies will be moving to 20mh/s my guess is friedcat is easing us up to that

[friedcat]

Update

I'm now preparing for a(nother) secret project, which offers a different investment choice. The details will be fully declared soon.

As you might have already found, I am cautious and conservative towards new plans. So I will not make it public until I'm ready to.

[friedcat]

The hash rate per bond is supposed to increase a certain small amount every week. 

What he did was "skip ahead" so the hash rate went from 1.03608MH/s per bond to 1.19388MH/s per bond.

This is the equivalent of 17 weeks of increases in the hash rate per bond in only one week!!!

omg.. I need to buy more shares o_O

ikr

Some of the mining companies will be moving to 20mh/s my guess is friedcat is easing us up to that

Well we have been moving already. That's a little different from will be moving to isn't it?

And this is why I temporarily reduced the initial offering because I'm limited by my current capability and the uncertainty about the releasing of Lancelot.

[piotr_n]

Yeah. Empty promises are worthless - only actions matter.

Cheers @friedcat!

[Bitcoin Oz]

Yeah. Empty promises are worthless - only actions matter.

Cheers @friedcat!

+1

[friedcat]

5th Payment

Calculation time: July 4, 02:37:25 forum time

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

Time interval:
  Starting from: June 27, 04:57:10
  Ending at: July 4, 02:37:25
  Total time: 596415s
  Difficulty: 1,726,566.56

Hashrate of this week: 1.20451MH/s

coupon/share = (1.20451*10^6)/(2^32)*(596415*50/1726566.56)=0.0048438

Number of Shares: 8397

Total Payment: 40.6733886

[friedcat]

5th Payment

Calculation time: July 11, 03:27:20 forum time

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

Time interval:
  Starting from: July 4, 02:37:25
  Ending at: July 4, 11:37:21
  Total time: 32396s
  Difficulty: 1,726,566.56

  Starting from: July 4, 11:37:21
  Ending at: July 11, 03:27:20
  Total time: 575399s
  Difficulty: 1,751,454.54

Hashrate of this week: 1.21523MH/s

coupon/share = (1.21523*10^6)/(2^32)*(32396*50/1726566.56+575399*50/1751454.54)=0.0049132

Number of Shares: 8536

Total Payment: 41.9390752

[redbeans2012]

This may be answered somewhere in this thread.

But are you doing the mining here?

How is the ASIC craze going to effect moore.

I own a few shares.. Just wondering.

[friedcat]

This may be answered somewhere in this thread.

But are you doing the mining here?

How is the ASIC craze going to effect moore.

I own a few shares.. Just wondering.

Thanks for your question.

The original plan was to raise the bitcoins of MOORE sales to buy Lancelot FPGAs to expand (https://bitcointalk.org/index.php?topic=82346.msg940163#msg940163). But the imminent ASICs and the delay of Lancelot (https://bitcointalk.org/index.php?topic=79835.220) made me suspend the plan. This is also why I reduced the supply, because otherwise I wouldn't be able to support the coupon with our existing hashing power.

The arrival of ASIC will make MOORE more valuable because we will empower MOORE with our own ASIC project (https://bitcointalk.org/index.php?topic=91173.0). Before that, no more MOORE shares will be sold other than the existing open asks on GLBSE and the rest of the batch share sales in the OP. When in a very unfortunate situation where our own ASIC project doesn't work out, I will buy the best ASIC devices on the market.

[Bitcoin Oz]

Are you using MOORE funds to fund the ASIC building company ? If not are you going to create another asset to do so ?