Topic: [BTC-TC] YABMC - page 19. (Read 45300 times)

Coupon Paid - Have a good week! 

It is depleting asset. So the best way would be to measure the speed of price drop (might be somehow correlated with rise of hash speed) over time and include that into ROI calculation. I'm too busy to do the calculations, but I'm afraid you may end up with negative yield. Calculating yield based on current bond market value or 5-day average makes no sense.

I use the weighted average on my site and tables over that time period to give a better representation of the return.  This is because if only the bids are matched then the return is overestimated for that time period.

For the last 7 days, YABMC would give a 2.37% dividend return on the 7 day weighted average.  For the last 30 days, that dividend return would be 12.64%.

One think people fail to factor in is that although the mining bonds may depreciate in value, it will always be worth X hash rate.  This is unlike owning your own mining hardware or mining company which will have depreciation in the hardware.

The best asset would be one that does not pay any dividends for a few years and instead using the profits to grow the business.  The problem in this economy is that there is a lack of trust that the management will not get bored or hacked in that time period so investors want their money immediately.  My philosophy is that if I can't trust someone in a year, then why would I trust them for a day.

@GeoRW,

I think it is relevant to point out the current yield based on the most recent ask. 

  Please, lets continue this discussion here: Weekly loss of N% guaranteed - Enjoy perpetual loss with fixed Mh/s mining turds

One thing is certain. Advertised more than a 2% weekly return is a lie (or a damned well calculated statististic)  

Bonds are usually good for preserving your capital and earning you a fixed income from dividends. If you think about it, mining turds offer you none of the previously mentioned benefits. At the moment, dividends do not cover the depreciation of your invested capital. Sorry, but this applies to all the mining turds.

Gigavps managed to push his turd prices up temporarily, telling fairy tale about ASIC upgrades. He also showed us how "generous" he can be. Last month he increased dividends by 10% (110% PPS). Lets be honest, this was just a ruse, to get you all worked up over nothing. He also invented a cunning way to rip off his turd holders once more, introducing a additional .25 BTC fee, to make the upgrade worth anything at all and close to what he personally gets out of it when trading FPGA's to ASIC's (fully paid by turd holders money, btw).

I am not encouraging you to fuck us over the same way. How about you take some of that profit and add few Mh/s to the existing turd coupon? If you haven't made any profit, then why even bother? Oh well, just remembered... You have a assload of equipment that cost you exactly nothing - present from the turd holders, who have by now, lost most of their invested principal. Principal, you never have to pay back because this is how the contract is written. And yes, this applies to most of the turds, floating around the GLBSE.

Only mining bonds (not turd!), that make any sense to invest in, are the ones with a fixed or partially fixed coupon. Bonds with floating rate must have a part of the coupon fixed at interest rate X and a part of the coupon tied to a Y Mh/s or something similar. "Mh/s only" turds are just garbage and burn investors hard earned bitcoins, while buying turd issuer a room full of equipment at 0 risk. Difficulty and market risks are all left to turd holders.
 
If you truly believe that difficulty is going to go trough a massive drop, then yes, you have a good chance of getting back your money you paid for the turd. Now, lets not forget, that the income from mining will be halved soon. No more 50 BTC blocks. Can you see, how this affects your income and turd price, dear turd holder?

Not if you're comparing investing in a mining company vs. just buying bitcoins and holding them

You need to factor in price appreciation of bitcoins relative to whatever fiat currency.

Hey, nobody forced you to buy turds. Are you implying to have a divine right to capital appreciation + dividends?

I stand corrected, it paid 0.00210854 BTC more divs but this is still not covering the price drop. Difficulty hits new highs and this will shrink the dividends even more.

LOL, tell that to people who bought those mining turds in June at 0.30, have received 0.038 BTC dividends an looked how turds price has lost close to 40% of it's value, dropping from .30 to 0.16 BTC per mining turd.
And please, do not use that idiotic party line "bb..aaa...bu...bu.. but bonds are not for capital gain..."

Do not take it personally, same shit happens to all the Mh/s mining turds. 

@EskimoBob,

1.  The example you mention above assumes you bought and sold this week.  A loss is only realized when you sell (as you know).

2.  You should be aware that YABMC pays 2x weekly (and has since late May)


So total coupons for the week were 0.00359012 BTC, not .00148157...

In one week, price has lost about 0,0153 BTC per YABMC. Dividends paid for the same period are only 0.00148157.
Did everyone just lost lost over 8% in a week?

Coupon paid early Tuesday and a bit late today - it all balances out

Have a good weekend!

---

Return:
Daily        0.00049386 BTC (493.86 μBTC)
Daily ROI   0.3406%
Weekly   2.3841%
Monthly   10.3597%

** As of 8/3/2012 (Ask @ 0.145) with 50 BTC reward and Difficulty at 2,036,671.08869332 **

Coupon was paid early on Friday - was a busy day and needed to be sure it got done...

Hope everyone is having a good weekend!

Coupon Paid - sorry for being a tad late -- BAD storms here this morning and had to shut things down for a bit...

Thank you! I think I need to buy more shares

Coupon paid a bit early - have a great weekend!

Coupon History...

https://docs.google.com/spreadsheet/ccc?key=0Arl8mv6WNBPvdGhRQ095d3BHOURwOXU2N3RWZU1Vanc