Good luck, but seems very pricey.
Gigamining offers 5 m/hash per 1 BTC
1 m/hash per .3 BTC = 3.33 m/hash per 1 BTC
30 BTC gets me 100 m/hash...that's around $145 per 100 m/hash.
At current difficulty and price, this gives me $0.296 daily per 100 m/hash.
At this rate, you're looking at 489.86 days to break even and begin making a profit. Not sure where you're getting 111% annual return.
I'll readily pass. But good luck.
Topic: [BTC-TC] YABMC - page 27. (Read 45327 times)
I see it. All this silence... before the storm. Better get in quick.
https://glbse.com/asset/view/YABMC
Listing is now official. Still targeting Friday 13 April as the IPO date -- timing tentatively 17:00 GMT.
I will be adding details to the listing page and getting Nefario the verification documents.
Thank You again to those showing interest Pre IPO. Your support will be rewarded!
Listing is now official. Still targeting Friday 13 April as the IPO date -- timing tentatively 17:00 GMT.
I will be adding details to the listing page and getting Nefario the verification documents.
Thank You again to those showing interest Pre IPO. Your support will be rewarded!
I will be taking Pre-IPO orders. I will fund the transfer fee according to GLBSE rules that are being established/finalized. As mentioned above - early investors will receive a token of my appreciation!
I will be sure to leave some shares for the IPO but cannot promise it will be greater than 20% (1,000 shares).
I will be sure to leave some shares for the IPO but cannot promise it will be greater than 20% (1,000 shares).
AG,
Thank you for your comments. And yes - go buy some of his offering if you haven't yet (but save a few BTC for me too please).
Bitbond is the only bond paying greater than 100% PPS!
Thank you for your comments. And yes - go buy some of his offering if you haven't yet (but save a few BTC for me too please).
Bitbond is the only bond paying greater than 100% PPS!
Thats Great, How many shares are you willing to sell per person?
As mentioned above, there will be 5000 shares offered that represent 1 Mh/s, respectively. There is no limit on shares - you can buy all 2500 on Friday
I am thinking very hard about 2 rounds - releasing 2500 on Friday and the balance within 14 days of initial release.
I am certainly open to comments on one round versus two.
Thank you again for your interest!
One round versus two is a tough question. I went with two rounds with BitBond. Unfortunately it overlapped with Giga's huge so my second round today is off to a slow start.
Given that there are new offerings each week (and people flock to whatever is the hot *new thing*), you might want to think about a single offering, especially as yours isn't huge. That way you can strike while the iron is hot.
Either way, best of luck!
Thats Great, How many shares are you willing to sell per person?
As mentioned above, there will be 5000 shares offered that represent 1 Mh/s, respectively. There is no limit on shares - you can buy all 2500 on Friday
I am thinking very hard about 2 rounds - releasing 2500 on Friday and the balance within 14 days of initial release.
I am certainly open to comments on one round versus two.
Thank you again for your interest!
EDIT: Not doing two rounds but taking pre IPO purchases...
Yes, I am well aware of gigavps offer. It was priced aggressively (IMHO) and is part of the reason it sold 9500 of his 10000 shares before the IPO. Gigavps has a very solid reputation (as do amazingrando and Meni) in this community. I am a holder of some Gigamining bonds. 
I will PM you a link to a spreadsheet which compares the other 3 bond offerings. The links below show their current pricing on the GLBSE.
https://glbse.com/asset/view/BITBOND
https://glbse.com/asset/view/PUREMINING
https://glbse.com/asset/view/GIGAMINING
As just one example...
YABMC's current offer is 40% less than PUREMINING. Puremining is also a 1 Mh/s 100% PPS bond (though Meni's buyback is 120% and pays every 336 shares -- this certainly adds some value).
Again, I feel the .3 per BTC for 1 Mh/s and 100% PPS is a very attractive price in the market.
I will PM you a link to a spreadsheet which compares the other 3 bond offerings. The links below show their current pricing on the GLBSE.
https://glbse.com/asset/view/BITBOND
https://glbse.com/asset/view/PUREMINING
https://glbse.com/asset/view/GIGAMINING
As just one example...
YABMC's current offer is 40% less than PUREMINING. Puremining is also a 1 Mh/s 100% PPS bond (though Meni's buyback is 120% and pays every 336 shares -- this certainly adds some value).
Again, I feel the .3 per BTC for 1 Mh/s and 100% PPS is a very attractive price in the market.
did you know that "GigaVPS" is offering 5Mh/s for 1 BitCoin a Share, thus it equals out to .2 Bitcoins for 1Mh/s. Are you willing to adjust your prices?
https://bitcointalksearch.org/topic/gigamining-teramining-75802
https://bitcointalksearch.org/topic/gigamining-teramining-75802
Ok so I am highly interested in buying 1000 share please message me asap
please message me asap
Thats Great, How many shares are you willing to sell per person?
@ThePanCakeKid95,
Each bond pays a coupon every 2016 blocks (at difficulty charge) that is equivalent to 100% PPS (not including revenue from TX fees). It guarantees you receive 1 Mh/s of mining revenue while avoiding the costs of hardware, electricity (for the miners and cooling needed to run them optimally), or your time to manage them. Effectively, it is a quick and easy to get you into the mining game and earning a consistent payout per share (based on 1 Mh/s).
Priced at .3 BTC, I would imagine a good chance of share price appreciation as well.
Hope this helps...
Each bond pays a coupon every 2016 blocks (at difficulty charge) that is equivalent to 100% PPS (not including revenue from TX fees). It guarantees you receive 1 Mh/s of mining revenue while avoiding the costs of hardware, electricity (for the miners and cooling needed to run them optimally), or your time to manage them. Effectively, it is a quick and easy to get you into the mining game and earning a consistent payout per share (based on 1 Mh/s).
Priced at .3 BTC, I would imagine a good chance of share price appreciation as well.
Hope this helps...
Hello, I am very interested in this could you please tell me more
Would greatly appreciate some comments...
Thanks in Advance - Friday the 13th looks to be GO day!
Early adopters will receive a token of my gratitude
Thanks in Advance - Friday the 13th looks to be GO day!
Early adopters will receive a token of my gratitude
Thanks AG - appreciate the kind words!
Thoughts on keeping the ROI equal but changing to a 1Mh/s bond?- so 5000 shares vs. 500 (.3 BTC vs. 3 BTC)?
Thoughts on using 1008 versus 2016 blocks for coupon payment- Closer to every 7 days vs. 14 days
Thoughts on keeping the ROI equal but changing to a 1Mh/s bond?- so 5000 shares vs. 500 (.3 BTC vs. 3 BTC)?
Thoughts on using 1008 versus 2016 blocks for coupon payment- Closer to every 7 days vs. 14 days
Sounds interesting. Good luck!
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 BTC
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 **
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.
Terms
Coupon History
Coupon History and near-term projected coupons (in grey) -- https://docs.google.com/spreadsheet/ccc?key=0Arl8mv6WNBPvdGhRQ095d3BHOURwOXU2N3RWZU1Vanc#gid=2
Coupon #1
***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 efficiency5000 Shares @ 1 Mh/s
Price: The BEST return possible today on GLBSE for 1Mh/s @ .3 BTC
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 **
Call Provision:
The bond will be callable at 105% of the 15 day maximum price.
Coupons:
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.
Terms
Quote
The 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 History
Coupon History and near-term projected coupons (in grey) -- https://docs.google.com/spreadsheet/ccc?key=0Arl8mv6WNBPvdGhRQ095d3BHOURwOXU2N3RWZU1Vanc#gid=2
Coupon #1
- Start Time: 17:32:00 UTC, 13 April 2012
- End Time: 7:31:14 UTC, 27 April 2012
- Coupon of 0.00865824 -- http://snipurl.com/2390dx8
- Start Time: 7:31:14 UTC, 27 April 2012
- End Time: 12:06:51 UTC, 9 May 2012
- Coupon of 0.00812842 -- http://snipurl.com/23fy89x
- Start Time: 12:06:51 UTC, 9 May 2012
- End Time: 16:09:29 UTC, 24 May 2012
- Coupon of 0.00885106 -- http://snipurl.com/yabmc-3
- Start Time: 16:09:29 UTC, 24 May 2012
- End Time: 12:00:00 UTC, 29 May 2012
- Coupon of 0.00299864 -- http://snipurl.com/yabmc-4
- Start Time: 12:00:00 UTC, 29 May 2012
- End Time: 12:00:00 UTC, 1 June 2012
- Coupon of 0.00189651 -- http://snipurl.com/yabmc-5
- Start Time: 12:00:00 UTC, 1 June 2012
- End Time: 12:00:00 UTC, 5 June 2012
- Coupon of 0.00252868 -- http://snipurl.com/yabmc-6
- Start Time: 12:00:00 UTC, 5 June 2012
- End Time: 12:00:00 UTC, 8 June 2012
- Coupon of 0.00189863 -- http://snipurl.com/yabmc-7
- Start Time: 12:00:00 UTC, 8 June 2012
- End Time: 12:00:00 UTC, 12 June 2012
- Coupon of 0.00254129 -- http://snipurl.com/yabmc-8
- Start Time: 12:00:00 UTC, 12 June 2012
- End Time: 12:00:00 UTC, 15 June 2012
- Coupon of 0.00190597 -- http://snipurl.com/yabmc-9
- Start Time: 12:00:00 UTC, 15 June 2012
- End Time: 12:00:00 UTC, 19 June 2012
- Coupon of 0.00254129 -- http://snipurl.com/yabmc-8
- Start Time: 12:00:00 UTC, 19 June 2012
- End Time: 12:00:00 UTC, 22 June 2012
- Coupon of 0.00180965 -- http://snipurl.com/yabmc-11
- Start Time: 12:00:00 UTC, 22 June 2012
- End Time: 12:00:00 UTC, 26 June 2012
- Coupon of 0.00233024 -- http://snipurl.com/yabmc-12
==============Revised BTC-TC Contract===============
The holder of this bond will receive as coupons a number of bitcoins equivalent
to60.303 60.305% 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. Every reasonable effort
will be made to pay the coupons weekly on mid-day Sunday. 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. 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
BTC-TC 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 ***
The holder of this bond will receive as coupons a number of bitcoins equivalent
to
the bond. This hashpower will be used in private computer systems owned by THE
ISSUER and used in the process of "mining" bitcoins. Every reasonable effort
will be made to pay the coupons weekly on mid-day Sunday. 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. 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
BTC-TC 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 ***
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