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Author Topic: Mining Bonds vs. The coming ASICS.  (Read 1126 times)
caish5
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June 13, 2012, 03:25:02 PM
 #1

So right now I do a bit of very small scale GPU mining and use the proceeds to buy mining bonds on GLBSE. Now everything is going along nicely with fairly stable difficulty. But tomorrow BFL are apparenly announcing ASIC miners and there has been much talk in the FPGA forum about the end of GPU mining etc.

It would seem that the rise of ASICs is going to decrease the cost of hashpower dramatically.

So what are the suggestions of the group here as to how to maintain a profit under these new (hypothetical for now) conditions.

My initial thought is to just continue to buy bonds at ever deceasing prices to help lower my average cost per mh.
Or should we all sell now and take what we can get and rebuy as ASIC miners start to offer shares.

Have at it people...

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June 13, 2012, 03:36:10 PM
 #2

Yes.
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June 13, 2012, 03:38:04 PM
 #3

This is one of the reasons why I feel that NASTY shares are undervalued compared to the bonds currently trading on the exchange.  NastyMining gives shareholders ownership in the equipment, so they would benefit from a trade-up program to ASICs...

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caish5
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June 13, 2012, 05:05:49 PM
 #4

This is one of the reasons why I feel that NASTY shares are undervalued compared to the bonds currently trading on the exchange.  NastyMining gives shareholders ownership in the equipment, so they would benefit from a trade-up program to ASICs...
So if i understand correctly these shares pay out 1 MH/s for now. Buy owners of shares also own a share of the hardware so any additonal income is payed as dividends. The question is, does that happen right away or later on. It's sort of a strange hybrid between share and bond.

Bitvolcano YAC, BBQ and WDC P2Pools at http://bitvolcano.com
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June 13, 2012, 05:22:59 PM
 #5

This is one of the reasons why I feel that NASTY shares are undervalued compared to the bonds currently trading on the exchange.  NastyMining gives shareholders ownership in the equipment, so they would benefit from a trade-up program to ASICs...
So if i understand correctly these shares pay out 1 MH/s for now. Buy owners of shares also own a share of the hardware so any additonal income is payed as dividends. The question is, does that happen right away or later on. It's sort of a strange hybrid between share and bond.

It is a strange hybrid between a share and a bond in that it is a share, setup to mimic a bond without the liability of not being able to grow with the release of ASICs.  The first 3,200MH/s has been ordered (nearly a month ago) and dividends will start being paid as soon as the equipment has been received. 

Questions on the NASTY offering should probably be made in the NastyMining thread.  Sorry, didn't mean to hijack this one.

https://bitcointalk.org/index.php?topic=86854.0

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P4man
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June 13, 2012, 05:51:45 PM
 #6

So what are the suggestions of the group here as to how to maintain a profit under these new (hypothetical for now) conditions.

Either try to buy shares in the company developing the asic or find a way to short mining bonds or companies.

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