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Topic: [BTC-TC] YABMC - page 17. (Read 45300 times)

legendary
Activity: 1666
Merit: 1000
October 02, 2012, 06:32:10 PM
As we seem to be getting nearer "real" ASICs it is getting close to time to determine our future plans.  As soon as anything is definite it will be announced in this thread.  For now, we continue "as-is".
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
October 02, 2012, 02:40:32 PM
Do you have a plan for when ASICs will be real? Will you upgrade or close the shop? And if you upgrade would you upgrade existing bonds' Mhs per bond too?
I am asking this to know if it might be a good idea to invest something more here.
legendary
Activity: 1666
Merit: 1000
October 02, 2012, 07:04:41 AM
Coupon paid - have a good week...
legendary
Activity: 1666
Merit: 1000
September 28, 2012, 06:16:09 AM
Coupon paid - wish you all a good weekend!
legendary
Activity: 1666
Merit: 1000
September 25, 2012, 06:12:05 AM
Coupon paid a bit early this morning  Grin
legendary
Activity: 1666
Merit: 1000
September 21, 2012, 09:02:58 AM
Coupon Paid (sorry for the tardiness).  Have a great weekend!
legendary
Activity: 1666
Merit: 1000
September 18, 2012, 07:07:26 AM
Coupon Paid - Have a good week!
legendary
Activity: 1666
Merit: 1000
September 14, 2012, 06:33:55 AM
Coupon Paid - Have a good weekend!
legendary
Activity: 1666
Merit: 1000
September 11, 2012, 08:42:37 AM
Coupon Paid - Sorry for the slight delay
legendary
Activity: 1666
Merit: 1000
September 07, 2012, 07:16:03 AM
Friday coupon paid - have a good weekend.



Coupon History

Coupon History and near-term projected coupons (in grey) -- https://docs.google.com/spreadsheet/ccc?key=0Arl8mv6WNBPvdGhRQ095d3BHOURwOXU2N3RWZU1Vanc#gid=2
legendary
Activity: 1666
Merit: 1000
September 04, 2012, 06:29:43 AM
Coupon Paid  Grin

Thanks for your continued support...
legendary
Activity: 1666
Merit: 1000
August 31, 2012, 06:26:14 AM
Friday coupon paid - have a good weekend (Happy Labor Day weekend for those in the US).
legendary
Activity: 1666
Merit: 1000
August 28, 2012, 05:11:51 AM
Coupon paid a little early...
legendary
Activity: 1666
Merit: 1000
August 25, 2012, 06:14:26 AM
Coupon History

Coupon History and near-term projected coupons (in grey) -- https://docs.google.com/spreadsheet/ccc?key=0Arl8mv6WNBPvdGhRQ095d3BHOURwOXU2N3RWZU1Vanc#gid=2

Sheet has been updated
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 06:18:08 AM
Nope - still 1 Mh/s  Grin

Why should investors care at all about growth (added hash rate)  if they do not profit from it?  If anything it makes their shares worth less when new hash rate (and therefore new shares) comes into play.

He's either 1. Making claims to troll or make his e-peen bigger. 2. Making claims to say that if there were hardware issues, he would still be able to pay due to other miners 3. He could either sell more bonds in the future or "upgrade" in the future.

My goal was to assure YABMC bond holders that we have hashing power in excess of our outstanding shares.  And yes, we did have plans for YABMC to become well over 55 Gh/s but the market spoke and we listened, hence stopping at 55 Gh/s.

With respect to more Hashes per bond, we have decided to watch and wait what happens with ASIC (as noted in earlier posts).

Lastly - coupon is paid - have a good weekend!
hero member
Activity: 826
Merit: 1000
August 23, 2012, 04:47:52 PM
Nope - still 1 Mh/s  Grin

Why should investors care at all about growth (added hash rate)  if they do not profit from it?  If anything it makes their shares worth less when new hash rate (and therefore new shares) comes into play.

He's either 1. Making claims to troll or make his e-peen bigger. 2. Making claims to say that if there were hardware issues, he would still be able to pay due to other miners 3. He could either sell more bonds in the future or "upgrade" in the future.
sr. member
Activity: 285
Merit: 250
August 23, 2012, 04:35:06 PM
Nope - still 1 Mh/s  Grin

Why should investors care at all about growth (added hash rate)  if they do not profit from it?  If anything it makes their shares worth less when new hash rate (and therefore new shares) comes into play.

legendary
Activity: 1666
Merit: 1000
August 22, 2012, 09:20:47 PM
Nope - still 1 Mh/s  Grin
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
August 22, 2012, 04:56:13 PM
Also, please note, that we have hashing power far in excess of the 54.7 Gh/s of bonds sold.  Personally, I have added 25 Gh/s recently and know that hashking and PatrickHarnett have added to their operations since their involvement in YABMC.

Does this means that YABMC bonds are now paying more than 1 Mhs/s ppt?
sr. member
Activity: 451
Merit: 250
August 22, 2012, 02:48:28 PM
All,

GPUmax pays out on a almost daily basis - there is nothing to withdraw - it is a "manual" system.

Also, with GPUmax, you only accrue BTC when they are leasing your shares - which has been well under 50% of the time - so the shares are proxied to the "offline" pool of our choosing.  We then get payment from that offline pool.

Said differently, GPUmax is currently accounting for less than 30% of my daily mining income.  Additionally, I was paid yesterday from GPUmax (as were all miners).

Also, please note, that we have hashing power far in excess of the 54.7 Gh/s of bonds sold.  Personally, I have added 25 Gh/s recently and know that hashking and PatrickHarnett have added to their operations since their involvement in YABMC.

I hope this eases some of your concerns.

Best,

JW


Great. Thanks for the clarification!
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