Topic: [BTC-TC] CIPHERMINE.B1 - a virtual corporate bond with a 22% fixed-fiat APR - page 4. (Read 27544 times)

I just want my BTC back.

Thanks DexX7 for your good news.

I have found it in https://litecointalk.org/index.php?topic=4582.1290  too.

TL;DR: Sorry, and I've not vanished.

Dear All,

I am really sorry about my extended period of absence from the community. Unfortunately I have had to deal with some personal tragedy recently which affected me and my loved ones very badly. Having had an acute period of depression in the past, experience has taught me that the most expeditious way out is to completely disconnect from work and other stress-inducing activities while I deal with the illness through intensive daily therapy. In the past I have attempted to combine that with work, but I've found it just drags out the acute period and during it I'm pretty useless and prone to errors of judgment.

I apologise that I felt unable to communicate this to you sooner. It was simpler with my core work at Memset since I just needed to let my assistants know I had to vanish for a while. I recognise now that my unexpected absence has caused this community, in particular the CIPHERMINE shareholders and bondholders, some concern. It is unlikely that I'm going to get anything worse thrown at me here on in, Gods forbid, but I shall be putting in place better measures to deal with me becoming ill etc. for CipherMine and CipherTrade. The timing was unfortunate since I was mid-handover of several components to Giles (evilscoop), Si (Sims) and the rest of the team.

CipherTrade will take care of the dividends issues; once its up the process will no longer rely on me. While we are doing dividends manually it has been simpler to continue with me doing them, and I will be issuing another round soon. Apologies for their irregularity. The CIPHERMINE.B1 dividends are held back by a technical issue; the size of the payments for individual bondholders is now below the the transaction size limit for BTC, even after having allowed them to accumulate for a while. As an aside, I think this bodes very well for alt-coins. BTC's minimum transaction size is now more than $0.01, making it a poor choice for micro-transactions.

Anyway, I'm on the mend and will be getting back up to speed with my work responsibilities and our various projects over the next couple of weeks. I have planned a staged return on the advice of my doctors so won't be operating at full capacity just yet. Thank you all for your patience and understanding during this very difficult period.

Kate.

PS. To confirm, we received our second batch of 5 HashFast BabyJets today!  That brings our total to 7 BabyJets. We have another order of 3 pending (9 in total), and 8 upgrades (a second 400 GHs Golden Nonce chip for the BJ's). I'm not sure why I ordered 8 rather than 9 upgrades, perhaps it was all we could afford at the time. We also have 4 HashFast Sierras (1.2 TH/s) on order, and 3 x 2 TH/s Cointerra units to come. Although there has been controversy around HashFast, their kit is arriving and it appears rock-solid in terms of performance so I'm unconcerned there. We will be investigating the status of the Miner Protection Programme though since it should pay out handsomely for us!

There is still no news.

The Stuple.

me too, no dividends since Oct. 2013

The ciphertrade newsletter said that Kate should be back next week, and ciphertrade is going into open beta soon. Let's wait for this, as the ciphermine bond should be one of the first assets to be listet there (and hopefully the missing divs will be paid too).

By the way, not paying a bond or its interest means in the "real" economy, you have to declare insolvency.

Thanks for your reply.Someone say KATE is ill.

They haven't been paid out in 3+ weeks for this bond or for the LTC-denominated CipherMine shares themselves.

We're all just waiting around.

So the same as every other mining company.

Please find a  new exchange quickly.
By the way, I haven't received the dividend payments  too.
Anyone who can tell me if he have received the dividend payments?

Not that it's an excuse, but I believe Kate has been unwell for the last few weeks (recovering from surgery).

Ideally she would have a DR plan in place for such eventualities (she has a background in hosting so I'm sure she knows all about backups and DR).

Please find a  new exchange quickly.
By the way, I haven't received the dividend payments too.

Are there dividend payments of several weeks outstanding or did I miss something?

The nature of the security is that it pays interest in btc calculated in Euros. So when the price of btc goes up vs the Euro the premium payable decreases, and vice-versa.

Seems like CipherMine is producing less and less

Really looking forward to new exchange Kate... will it happen by end of year?

Good evening,

This week's dividend payment is BTC0.964 (including last week's remaining balance of BTC0.043), calculated using BitStamp's 30 day EMA of $500/BTC.

Kate.

A transaction with such a small output would be below the dust-threshold and most miners wouldn't mine it. So pushing the dividend to next week is a good idea.

All,

This week's dividend, calculated using a 30-day average of $310, would have been BTC1.480.

However, after the reduction from the aforementioned dividend overspends (BTC1.437) that leaves just BTC0.043.

Since it is such a small amount, rather than wasting transfer fees I'm going to roll that into next week's dividend. This is also because I'm not 100% certain whether our dividend payment script will cope with sending BTC0.00000043 (the amount that one bond share would get)!

Kate.