Topic: [BitFunder][RTM] Rastamine - 22+ Th/s perpetual mining bond (Read 13698 times)
Where are you going to setup now? I don't know if I just had unreasonable expectations, but I don't like how my shares just disappeared, and I got a payout far smaller than what I originally paid... even if this payout was the current market rate.
Hey all
I got some PMs and messages here. People are a bit confused about why bonds still exist after buy back.
I'll destroy it soon.
davesag
Look at the 'Transactions' page on BF. You should see something similar to what deizel posted.
Last divs was 0.00012976
And buy back was 0.03024 per share and looks like unusually big dividend payment.
Please respond in that thread, that all is fine (or that it is not, if it's not).
best, rastapool
I got some PMs and messages here. People are a bit confused about why bonds still exist after buy back.
I'll destroy it soon.
davesag
Look at the 'Transactions' page on BF. You should see something similar to what deizel posted.
Last divs was 0.00012976
And buy back was 0.03024 per share and looks like unusually big dividend payment.
Please respond in that thread, that all is fine (or that it is not, if it's not).
best, rastapool
Your shares were bought back already and merely not deleted yet, afaik. He probably needs to take the time to destroy all shares and close the asset officially.
I have not received any BTC from such a buyback, and neither has my friend who has considerably more invested in RTM than I did.
Dave, you should see something like this on BitFunder's "Transactions" page: https://bitfunder.com/transactions
Your shares were bought back already and merely not deleted yet, afaik. He probably needs to take the time to destroy all shares and close the asset officially.
I have not received any BTC from such a buyback, and neither has my friend who has considerably more invested in RTM than I did.
Your shares were bought back already and merely not deleted yet, afaik. He probably needs to take the time to destroy all shares and close the asset officially.
All bonds are buyed back, securities are closed on the BF.
When you say "all bonds are buyed back" I still have RTM assets in Bitfunder and so do some of my friends. What is the process for either a) selling them back to you, or b) transferring the assets to another registry such as Havelock?
Cheers, Dave
All bonds are buyed back, securities are closed on the BF.
I still have a couple of RTM shares in Bitfunder - will they be bought back/what is the process for that? or is there a way to transfer them to Havelock (for example)?
Cheers
dave
Yes, I see those reinvestment buys. Unfortunately I saw this after I made div payment. I should have to freeze asset first, and this situation is fully my fault.
deizel, just give me your BTC address and I'll transfer you 5.2 BTC
best, rastapool
deizel, just give me your BTC address and I'll transfer you 5.2 BTC
best, rastapool
Hi Rastapool, thanks for coming to my aide. My BTC address is 135FGWACVPru61C5Tv2xuJmv5NREKTbQBY.
I now know to set more reasonable limits for dividend reinvestment(s) in the future.
On the bright side, we now have a funny reminder of all this in BitFunder's "My Assets" tab:
Edit - Refund received and trust feedback left. Thanks!
Yes, I see those reinvestment buys. Unfortunately I saw this after I made div payment. I should have to freeze asset first, and this situation is fully my fault.
deizel, just give me your BTC address and I'll transfer you 5.2 BTC
best, rastapool
deizel, just give me your BTC address and I'll transfer you 5.2 BTC
best, rastapool
The asset should have been frozen first.
Thanks for the quick response Ukyo. Both TAT (on IRC) and yourself seem to agree on this point.
I understand that, in the situation that has occurred, I can't simply be refunded as the funds have went elsewhere.
Maybe the asset issuer will make a goodwill gesture if they believe some of the blame lies with them.
So, a few questions:
- Should the asset issuer have frozen the asset before issuing the dividend?
- Can the asset issuer even distribute dividends after the asset is frozen? (Not sure how this aspect of BitFunder works)
- Are any of the lucky sellers reading this?
- Should the asset issuer have frozen the asset before issuing the dividend?
- Can the asset issuer even distribute dividends after the asset is frozen? (Not sure how this aspect of BitFunder works)
- Are any of the lucky sellers reading this?
The asset should have been frozen first.
The system has no way to know that a dividend being issued is not a normal dividend.
Not sure why anyone would want to allow trading after a final dividend payment goes out...
-Ukyo
All bonds are buyed back, securities are closed on the BF.
The buy back was performed (in the form of a dividend) before the asset was frozen.
Unfortunately, I had BitFunder's dividend reinvestment feature enabled on this asset.
As such, BitFunder performed 4 trades on my behalf before the asset was frozen.
This has left me in a position where I now hold 314 shares in a frozen asset, and a small amount of change from the buy back.
Some lucky sellers have effectively had their shares bought back twice (once by the asset issuer and once by me).
So, a few questions:
- Should the asset issuer have frozen the asset before issuing the dividend?
- Can the asset issuer even distribute dividends after the asset is frozen? (Not sure how this aspect of BitFunder works)
- Are any of the lucky sellers reading this?
In the exceptional circumstance that someone wishes to return or contribute to my loss, my address is below.
Thanks for listening. Look forward to any comments.
All bonds are buyed back, securities are closed on the BF.
What's the plan for the bitfunder changes?
I agree. Any plans to do any passthru funds? I am a US citizen and am not very happy with Bitfunder right now.
Rastapool,
have not seen any dividends on RTM at Bitfunder since the 11th of October? 
Could you tell us what is happening?
Thank you.
I reread the prospectus which stated "dividends to be paid weekly or sooner". Sorry about that.
Could you tell us what is happening?Thank you.
I reread the prospectus which stated "dividends to be paid weekly or sooner". Sorry about that.
What's the plan for the bitfunder changes?
Hi rastapool,
I was the largest sharehold of RTM up until your 20x share dilution. I own 649 shares, which was 13% of the compnay (assuming 5000 total issued RTM shares before October 1, 2013). Please correct me if I'm wrong.
While I am happy about the 4x increase in dividends/share, I am very unhappy about my stake in the company being diluted so much. While I realize you have the right on BitFunder to increase shares without vote, is there some way you can announce your intentions before you actually carry them out?
Thank you for the pic. This mine is certainly an improvement over your JAH mine that you photographed over a year ago and that was comprised of several GPUs. Where is this new 22TH mine located?
Thanks,
fewerlaws
I was the largest sharehold of RTM up until your 20x share dilution. I own 649 shares, which was 13% of the compnay (assuming 5000 total issued RTM shares before October 1, 2013). Please correct me if I'm wrong.
While I am happy about the 4x increase in dividends/share, I am very unhappy about my stake in the company being diluted so much. While I realize you have the right on BitFunder to increase shares without vote, is there some way you can announce your intentions before you actually carry them out?
Thank you for the pic. This mine is certainly an improvement over your JAH mine that you photographed over a year ago and that was comprised of several GPUs. Where is this new 22TH mine located?
Thanks,
fewerlaws
Hi again.
I discovered that 0.037 per 100.8 Gh/s is a bit too high price. And there are pretty low interest at that price.
So, I set the price down to 0.032.
There was 0.00204384 divs per bond since I offered new bonds. And I decided to return (0.037-0.032-0.00204384) = 0.003 BTC per share for all who bought for 0.037. You can see my last divs was 0.003/share and from that price is 0.032/bond.
And one more thing: nice picture for this thread
I discovered that 0.037 per 100.8 Gh/s is a bit too high price. And there are pretty low interest at that price.
So, I set the price down to 0.032.
There was 0.00204384 divs per bond since I offered new bonds. And I decided to return (0.037-0.032-0.00204384) = 0.003 BTC per share for all who bought for 0.037. You can see my last divs was 0.003/share and from that price is 0.032/bond.
And one more thing: nice picture for this thread
Hey all
A few month passed since my last activity here. Today I have 22+ Th/s of mining power to sell.
Hardware that I use is based on the Bitfury's chips and already installed and launched.
You can chack it on the ghash.io pool.
Username is 'rastapool', same as here, password is the same as username.
Also, from today I'll increase my bond by 4x, up to 100.8 Mh/s. All other conditions remains the same.
Considering 100th prices are 0.082/0.125, I think 0.037 per RTM-bond is pretty fair.
You can purchase this bonds at https://bitfunder.com/asset/RTM
A few month passed since my last activity here. Today I have 22+ Th/s of mining power to sell.
Hardware that I use is based on the Bitfury's chips and already installed and launched.
You can chack it on the ghash.io pool.
Username is 'rastapool', same as here, password is the same as username.
Also, from today I'll increase my bond by 4x, up to 100.8 Mh/s. All other conditions remains the same.
Considering 100th prices are 0.082/0.125, I think 0.037 per RTM-bond is pretty fair.
You can purchase this bonds at https://bitfunder.com/asset/RTM
Hey rastapool...just picked up a share of your RTM and JAH each. Could you give me some idea as to what current estimated hashrate/share payouts we might be expecting? And when do you think next RTM dividends might be getting paid out?
*I'm sorta new to this whole bitfunder situation deal so go easy mon
*I'm sorta new to this whole bitfunder situation deal so go easy mon
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