Moved the GLBSE related OP to here***Bulk Share Purchases Available***If you missed out (or want diversification) on the other VERY successful offerings by Meni Rosenfeld (PureMining), amazingrando (Bitbond) and gigavps (Gigamining), I offer the following 100% PPS bonds (transaction fee revenue excluded).
Offering:5 Gh/s total --
20 Gh/s is goal by July - increasing in 5 Gh/s increments * Currently provided by GPUs
* Transitioning to 6 BFL Singles when arrived (4-6 weeks
) to improve efficiency
5000 Shares @ 1 Mh/s
Price: The BEST return possible today on GLBSE for 1Mh/s @
.3 BTCReturn: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 **Call Provision:The bond will be callable at 105% of the 15 day maximum price.
Coupons:A minor twist is to pay coupons at each change in difficulty (~14 days -- determined by market forces). When paying weekly (as most have done thus far) it creates additional bookkeeping for mid period difficulty changes. The timestamp on blockchain.info will be used to calculate the payout to the nearest minute.Effective after the coupon paid on 24 May 2012, coupons will now be
paid 2x per week (Tuesday and Friday at 1200 UTC). This will be communicated to all bondholders via a new functionality in GLBSE very soon.
Trust:I have another 4.6 Gh/s of personal mining capacity and am sincerely reviewing growth opportunities (mini-rig and LargeCoin). For now my focus is to bring this to market and then move forward in 5Gh/s increments (but this might change to 25 Gh/s increments). I have been involved in Bitcoin mining since February 2011 and have included my OTC references in my signature. I have been verified by GLBSE.
I am happy to discuss my mining operations via PM, e-mail or Skype at your convenience.Again, thanks for reading and your interest in
YABMC.
TermsThe holder of this bond will receive as coupons a number of bitcoins equivalent to 100% PPS output of ONE MILLION HASHES PER SECOND for as long as they hold the bond. This hashpower will be used in private computer systems owned by THE ISSUER and used in the process of "mining" bitcoins. All coupons will be paid timely (within 24 hours) after each change in difficulty (which occurs every 2016 blocks – approximately every 14 days). Coupons are not pro-rated; you must hold the share at time of coupon to be paid. All dates / times will be represented in UTC. In the event the cost of mining exceeds the value of coins mined, THE ISSUER may suspend mining operation for as long as it sees fit to mitigate potential loss, or indefinitely. THE ISSUER can buy back the bond at any time at a price equivalent to 105% of the highest price the bond was last traded on GLBSE over the previous 15 days (360 hours). Though THE ISSUER will use all reasonable efforts to ensure value for the holders of these bonds, they are provided on a best effort basis and as with any investment there is risk involved. Please do not invest what you cannot afford to lose. Liability of a bondholder is limited to the capital already invested when this share was purchased. *** This share does not represent ownership of any company ***
Coupon HistoryCoupon History and near-term projected coupons (in grey) --
https://docs.google.com/spreadsheet/ccc?key=0Arl8mv6WNBPvdGhRQ095d3BHOURwOXU2N3RWZU1Vanc#gid=2
Coupon #1Coupon #2Coupon #3Coupon #4 - NEW POLICY BEGINSCoupon #5 - NEW POLICYCoupon #6Coupon #7Coupon #8Coupon #9Coupon #10Coupon #11Coupon #12