Topic: [CLOSED] 007 Bonds - 1Mh/s (Read 5358 times)
+1
Just want to state a fact.
This guy lomax has done something both bitbond and gigamining has failed at doing. I invested 49.9% in bitbond, 49.9% in gigamining and 0.2% in 007. Even after 6 months I have got a lot more from 007 than from any of those scammers.
I just want to thank you for the very good work you have done, for your honesty to pay us back and I really hope you find a different way to make business in bitcoin in the future. Bitcoin needs non-scammers like you!
Regards,
dinox
PS. Thanks for my 0.2% btw. I highly regret I did not invest 100% with you
This guy lomax has done something both bitbond and gigamining has failed at doing. I invested 49.9% in bitbond, 49.9% in gigamining and 0.2% in 007. Even after 6 months I have got a lot more from 007 than from any of those scammers.
I just want to thank you for the very good work you have done, for your honesty to pay us back and I really hope you find a different way to make business in bitcoin in the future. Bitcoin needs non-scammers like you!
Regards,
dinox
PS. Thanks for my 0.2% btw. I highly regret I did not invest 100% with you
Thank you again.
Final payment has been made, thank you for your participation and again, apologies for the delay.
Got it, thanks!
Final payment has been made, thank you for your participation and again, apologies for the delay.
Payment received- thank you very much.
Sent payment of accrued earnings, if you do not receive them please let me know within a week.
Aloha,
Acknowledging its been a while, I could spin some elaborate drama filled story but really was waiting for a more favorable price to buy the coin to pay you guys back with, which turned out really well.
At this point while the list is not fully verified it seems unlikely anyone else is coming forward. I'm going to send their coins anyway and if you dig this thread up after finding you never received btc because you didn't respond or give glbse an address you actually control (wtf people?) then I'm sorry, you had plenty of time.
Looking at daily pps earnings in 14 day blocks for each difficulty since Oct 3rd I get to about 0.036 per 1mh/s. Unless someone shows a problem with this math I'll make the a payment of 0.04 per share (the simplified calculation already favors you in a number of ways, I'm rounding it up as a gesture of good will) later this week. To be clear this is to cover the accrued mining income (at least what it would be if the BFL FPGA still worked properly).
Given the apparent agreement of 0.05 per share 'buyback' I will follow up with another payment to cover that next week.
Cue Rejoicing/Lamentations
Bond out.
Acknowledging its been a while, I could spin some elaborate drama filled story but really was waiting for a more favorable price to buy the coin to pay you guys back with, which turned out really well.
At this point while the list is not fully verified it seems unlikely anyone else is coming forward. I'm going to send their coins anyway and if you dig this thread up after finding you never received btc because you didn't respond or give glbse an address you actually control (wtf people?) then I'm sorry, you had plenty of time.
Looking at daily pps earnings in 14 day blocks for each difficulty since Oct 3rd I get to about 0.036 per 1mh/s. Unless someone shows a problem with this math I'll make the a payment of 0.04 per share (the simplified calculation already favors you in a number of ways, I'm rounding it up as a gesture of good will) later this week. To be clear this is to cover the accrued mining income (at least what it would be if the BFL FPGA still worked properly).
Given the apparent agreement of 0.05 per share 'buyback' I will follow up with another payment to cover that next week.
Cue Rejoicing/Lamentations
Bond out.
So the total payout per share will be 0.09 BTC? If so, that's OK with me.
That's great news. Thanks!
Aloha,
Acknowledging its been a while, I could spin some elaborate drama filled story but really was waiting for a more favorable price to buy the coin to pay you guys back with, which turned out really well.
At this point while the list is not fully verified it seems unlikely anyone else is coming forward. I'm going to send their coins anyway and if you dig this thread up after finding you never received btc because you didn't respond or give glbse an address you actually control (wtf people?) then I'm sorry, you had plenty of time.
Looking at daily pps earnings in 14 day blocks for each difficulty since Oct 3rd I get to about 0.036 per 1mh/s. Unless someone shows a problem with this math I'll make the a payment of 0.04 per share (the simplified calculation already favors you in a number of ways, I'm rounding it up as a gesture of good will) later this week. To be clear this is to cover the accrued mining income (at least what it would be if the BFL FPGA still worked properly).
Given the apparent agreement of 0.05 per share 'buyback' I will follow up with another payment to cover that next week.
Cue Rejoicing/Lamentations
Bond out.
Acknowledging its been a while, I could spin some elaborate drama filled story but really was waiting for a more favorable price to buy the coin to pay you guys back with, which turned out really well.
At this point while the list is not fully verified it seems unlikely anyone else is coming forward. I'm going to send their coins anyway and if you dig this thread up after finding you never received btc because you didn't respond or give glbse an address you actually control (wtf people?) then I'm sorry, you had plenty of time.
Looking at daily pps earnings in 14 day blocks for each difficulty since Oct 3rd I get to about 0.036 per 1mh/s. Unless someone shows a problem with this math I'll make the a payment of 0.04 per share (the simplified calculation already favors you in a number of ways, I'm rounding it up as a gesture of good will) later this week. To be clear this is to cover the accrued mining income (at least what it would be if the BFL FPGA still worked properly).
Given the apparent agreement of 0.05 per share 'buyback' I will follow up with another payment to cover that next week.
Cue Rejoicing/Lamentations
Bond out.
So the total payout per share will be 0.09 BTC? If so, that's OK with me.
Aloha,
At this point while the list is not fully verified it seems unlikely anyone else is coming forward. I'm going to send their coins anyway and if you dig this thread up after finding you never received btc because you didn't respond or give glbse an address you actually control then I'm sorry, you had plenty of time.
Looking at daily pps earnings since Oct 3rd I get to about 0.036 per 1mh/s. Unless someone shows a problem with this I'll make the a payment of 0.04 per share later this week. To be clear this is to cover the accrued mining income.
Given the apparent agreement of 0.05 per share I will follow up with another payment to cover that next week.
Bond out.
At this point while the list is not fully verified it seems unlikely anyone else is coming forward. I'm going to send their coins anyway and if you dig this thread up after finding you never received btc because you didn't respond or give glbse an address you actually control then I'm sorry, you had plenty of time.
Looking at daily pps earnings since Oct 3rd I get to about 0.036 per 1mh/s. Unless someone shows a problem with this I'll make the a payment of 0.04 per share later this week. To be clear this is to cover the accrued mining income.
Given the apparent agreement of 0.05 per share I will follow up with another payment to cover that next week.
Bond out.
lomax, it's now over a month since your last post.
Any update?
Any update?
Any progress here?
So, what's next steps. Will you pay at least outstanding dividends for now? You have all the info you need.
Around half have responded to the confirmation email so far, the faster everyone verifies the sooner you get the BTC. For those that don't know how many you held try to give a ballpark.
best way would be to relist the asset on some other exchange, pay the dividends that were not paid and then let it trade for a couple of months and buy back the bonds as per contract if you wish. You may also execute the buyback following the last trading data from GLBSE (should be found somewhere on these forums).
In all honesty re-listing sounds like a lot of work for miniscule return.
For perspective; I own around half of the 800 bonds, the next largest holding is one quarter and the majority of the rest are single digit amounts (several, like my itchy trigger fingered friend strello, hold one (1) single bond).
My feeling is that 1MH/s bonds are worth somewhere south of 0.05btc, based on the markets decline towards the end of GLBSE and diminishing returns from mining including the looming ASICpocalypse.
Seeking opinions and evidence of similar bonds trading on the new platforms.
If you don't want to re-list (it's quite easy, you just send the file Nefario sent you to an exchange and they have an import script for that), then follow last GLBSE trading data and execute buyback (without paying backward dividends). If you want to make a buyback at the current prices you'll need to pay the missing dividends first.
best way would be to relist the asset on some other exchange, pay the dividends that were not paid and then let it trade for a couple of months and buy back the bonds as per contract if you wish. You may also execute the buyback following the last trading data from GLBSE (should be found somewhere on these forums).
In all honesty re-listing sounds like a lot of work for miniscule return.
For perspective; I own around half of the 800 bonds, the next largest holding is one quarter and the majority of the rest are single digit amounts (several, like my itchy trigger fingered friend strello, hold one (1) single bond).
My feeling is that 1MH/s bonds are worth somewhere south of 0.05btc, based on the markets decline towards the end of GLBSE and diminishing returns from mining including the looming ASICpocalypse.
Seeking opinions and evidence of similar bonds trading on the new platforms.
Depends on how many bondholders you had. If you don't list somewhere, you have to process the last two months of dividends & buyback manually. Not a big deal if there aren't many, but can be a PITA if you have a lot.
best way would be to relist the asset on some other exchange, pay the dividends that were not paid and then let it trade for a couple of months and buy back the bonds as per contract if you wish. You may also execute the buyback following the last trading data from GLBSE (should be found somewhere on these forums).
In all honesty re-listing sounds like a lot of work for miniscule return.
For perspective; I own around half of the 800 bonds, the next largest holding is one quarter and the majority of the rest are single digit amounts (several, like my itchy trigger fingered friend strello, hold one (1) single bond).
My feeling is that 1MH/s bonds are worth somewhere south of 0.05btc, based on the markets decline towards the end of GLBSE and diminishing returns from mining including the looming ASICpocalypse.
Seeking opinions and evidence of similar bonds trading on the new platforms.
Depends on how many bondholders you had. If you don't list somewhere, you have to process the last two months of dividends & buyback manually. Not a big deal if there aren't many, but can be a PITA if you have a lot.
best way would be to relist the asset on some other exchange, pay the dividends that were not paid and then let it trade for a couple of months and buy back the bonds as per contract if you wish. You may also execute the buyback following the last trading data from GLBSE (should be found somewhere on these forums).
In all honesty re-listing sounds like a lot of work for miniscule return.
For perspective; I own around half of the 800 bonds, the next largest holding is one quarter and the majority of the rest are single digit amounts (several, like my itchy trigger fingered friend strello, hold one (1) single bond).
My feeling is that 1MH/s bonds are worth somewhere south of 0.05btc, based on the markets decline towards the end of GLBSE and diminishing returns from mining including the looming ASICpocalypse.
Seeking opinions and evidence of similar bonds trading on the new platforms.
Good idea. Import to BTCT.co is a simple and efficient way to handle this.
If you want to keep it going, I'd be happy to assist with a transition to https://btct.co/
https://bitcointalksearch.org/topic/glbse-to-btc-tc-transition-import-strategy-for-asset-issuers-127215
As a bond holder, I'm happy with a buyback too.
Cheers.
Without the convenience of a platform to trade on I'll probably wind it up with a "buyback" type payment. Yet to receive anything from glbse.
If you want to keep it going, I'd be happy to assist with a transition to https://btct.co/
https://bitcointalksearch.org/topic/glbse-to-btc-tc-transition-import-strategy-for-asset-issuers-127215
As a bond holder, I'm happy with a buyback too.
Cheers.
best way would be to relist the asset on some other exchange, pay the dividends that were not paid and then let it trade for a couple of months and buy back the bonds as per contract if you wish. You may also execute the buyback following the last trading data from GLBSE (should be found somewhere on these forums).
Hi lomax!
I'm very happy to hear from you. I hope you had a good time over Christmas and the New Year.
Most asset issuers have done exactly as you suggest, sending a simple email to all known asset holders asking for confirmation of their email address, bitcoin address as given to GLBSE and number of shares held, if they know this.
Personally, I have no idea about how to figure out a fair buyback price. Maybe someone else could make a suggestion.
I'm very happy to hear from you. I hope you had a good time over Christmas and the New Year.
Most asset issuers have done exactly as you suggest, sending a simple email to all known asset holders asking for confirmation of their email address, bitcoin address as given to GLBSE and number of shares held, if they know this.
Personally, I have no idea about how to figure out a fair buyback price. Maybe someone else could make a suggestion.
Received asset list December 20th, shockingly I have been holidaying and returned to the predictable day-job-shitstorm this week.
I would appreciate some feedback from yourselves as to the following.
1. Should an attempt be made to verify the list? Unsure what other issuers have done but I guess contacting those on the list via email requesting they verify their submitted btc address and number of bonds held is the logical option.
2. What your opinion is regarding a fair buyback price, accrued dividends notwithstanding.
I would appreciate some feedback from yourselves as to the following.
1. Should an attempt be made to verify the list? Unsure what other issuers have done but I guess contacting those on the list via email requesting they verify their submitted btc address and number of bonds held is the logical option.
2. What your opinion is regarding a fair buyback price, accrued dividends notwithstanding.
Sent him the following PM.
"lomax
You issued nearly 800 shares in your mining venture, and therefore have a responsibility to pay back these investors.
I will be asking for a scammer tag for you unless you reply to this PM publicly on the forum within 5 days, giving details of how you intend to repay.
Scammer tag will be called for on the 11th January 2013."
"lomax
You issued nearly 800 shares in your mining venture, and therefore have a responsibility to pay back these investors.
I will be asking for a scammer tag for you unless you reply to this PM publicly on the forum within 5 days, giving details of how you intend to repay.
Scammer tag will be called for on the 11th January 2013."
Looks like scammer tag is appropriate here
Does your silence mean you want a scammer tag?
Still waiting for news.
Have you been in contact with GLBSE?
Do you intend to pay back any of the money you have taken from your investors?
Have you been in contact with GLBSE?
Do you intend to pay back any of the money you have taken from your investors?
Any update on the current situation?
Have you heard anything from GLBSE?
Have you heard anything from GLBSE?
To date no BTC, lists or any communication whatsoever forthcoming from Nefario.
Try contacting him again, he's been around about a week ago, and not only have I received pretty good lists, I finally got some of the coins I had deposited.
To date no BTC, lists or any communication whatsoever forthcoming from Nefario.
Hi there.
Any news?
Do you have the list of shareholders from nefario? I don't see 007 listed on the GLBSE blog page.
Are you still planning to do a buyback?
Thanks for any info.
Any news?
Do you have the list of shareholders from nefario? I don't see 007 listed on the GLBSE blog page.
Are you still planning to do a buyback?
Thanks for any info.
I don't wish to offend and without understanding your level of involvement, a 5 minute assessment of that service does not exactly inspire confidence. Irrespective of that, with miniscule mining revenue and the re-investment in BFL ASIC fast turning into a loss there isn't much point trying to keep it going.
No worries, you're not going to hurt my feelings. The BTC side of it just started up a week or so ago. It's definitely very green and is certainly a work in progress. The software has been up and running successfully for months though under litecoinglobal.com and has been fairly well received by the community.
As a fellow asset issuer, I understand wanting to close it down though. I'm happy either way. Just to have my couple of BTC back is more than I thought I'd have a few weeks ago.
Cheers.
I don't wish to offend and without understanding your level of involvement, a 5 minute assessment of that service does not exactly inspire confidence. Irrespective of that, with miniscule mining revenue and the re-investment in BFL ASIC fast turning into a loss there isn't much point trying to keep it going.
Without the convenience of a platform to trade on I'll probably wind it up with a "buyback" type payment. Yet to receive anything from glbse.
If you want to keep it going, I'd be happy to assist with a transition to https://btct.co/
https://bitcointalksearch.org/topic/glbse-to-btc-tc-transition-import-strategy-for-asset-issuers-127215
As a bond holder, I'm happy with a buyback too.
Cheers.
Without the convenience of a platform to trade on I'll probably wind it up with a "buyback" type payment. Yet to receive anything from glbse.
I have a bunch of 007 bonds.
What are your plans for the issue going forward?
Thanks!
What are your plans for the issue going forward?
Thanks!
Div paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-09-30 17:48 2.06999566 722 0.00286703
Div paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-09-23 15:45 2.06999566 722 0.00286703
Div paid.
Obsi, not sure I want to part with the hardware or that 10 BTC is a reasonable price for a single.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-09-16 15:47 2.19999898 722 0.00304709
Obsi, not sure I want to part with the hardware or that 10 BTC is a reasonable price for a single.
Without the hardware all you're selling is a commitment to pay out future dividends. So you'd need to pay whoever took over - not the other way round. His offer represents what he's willing to pay for the single LESS what he believes the cost of paying future dividends is.
Div paid.
Obsi, not sure I want to part with the hardware or that 10 BTC is a reasonable price for a single.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-09-16 15:47 2.19999898 722 0.00304709
Obsi, not sure I want to part with the hardware or that 10 BTC is a reasonable price for a single.
Div paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-09-09 15:55 2.32999508 722 0.00322714
Paid, apparently forgot to update thread last week, sorry about that.
Edit: If anyone cares the share count is down because I wanted to see what happens when the issuer buys. It will sell for 0.29 in the unlikely event that the other 77 do.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-08-26 18:54 2.69999842 722 0.00373961
2012-09-02 17:01 2.4299993 722 0.00336565
Edit: If anyone cares the share count is down because I wanted to see what happens when the issuer buys. It will sell for 0.29 in the unlikely event that the other 77 do.
Div paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-08-19 07:07 2.72999739 723 0.00377593
Div paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-08-12 15:38 2.90999547 723 0.00402489
Div paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-08-05 17:06 2.90999547 723 0.00402489
This weeks dividend paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-07-29 15:41 3.1699935 723 0.0043845
Dividend for 22nd July.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-07-22 05:53 3.31999431 723 0.00459197
Dividends for 15th July paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-07-15 06:59 3.39999426 723 0.00470262
Dividend for week ending July 8th (includes a little bonus for lateness, sorry)
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-07-09 15:55 3.49999962 723 0.00484094
Gentlemen,
Dividends paid for week ending July 1st, accidentally add the bonus 5% twice (one too many martitnis) so enjoy the extra.
The big news this week is the new BFL product, what this means for mining bonds is not entirely clear but Q is in the lab working on a plan. An SC single upgrade has been purchased, with our order placed within the first 100 according to https://bitcointalksearch.org/topic/bfl-preorders-what-did-you-get-who-has-the-lowest-order-number-89521.
Dividends paid for week ending July 1st, accidentally add the bonus 5% twice (one too many martitnis) so enjoy the extra.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-07-01 01:57 3.59999775 723 0.00497925
The big news this week is the new BFL product, what this means for mining bonds is not entirely clear but Q is in the lab working on a plan. An SC single upgrade has been purchased, with our order placed within the first 100 according to https://bitcointalksearch.org/topic/bfl-preorders-what-did-you-get-who-has-the-lowest-order-number-89521.
Dividend for week ending 24th June paid.
Code:
2012-06-24 07:09 3.55999416 723 0.00492392
Are you planning to verify with GLBSE?
No, don't really see a need at this point since most of the IPO sold and its doubtful the rest will in this market, without lowering the price (which I'm also not considering, currently). So I would be reducing my personal security in order to give investors more confidence, in the 103 outstanding shares, worth all of 29btc.
Are you planning to verify with GLBSE?
Dividend for week ending 17th June paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-06-17 01:35 3.73999745 697 0.00536585
Dividend for week ending Sunday June 10th paid.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-06-10 00:07 3.73999745 697 0.00536585
The dividend for week ending Sunday, June 3rd, paid early as advised.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-05-31 02:20 3.71199568 656 0.00565853
Thanks to Butterfly Labs release of improved firmware we have seen a good gain in hash rate. As a bonus 'thank you' to investors this will be distributed between shares until further notice, bringing the payout up to 105% PPS.
Furthermore I'm giving notice that this weeks dividend will be paid early, in the next 24 hours, as I will be out of the country for a few days.
Furthermore I'm giving notice that this weeks dividend will be paid early, in the next 24 hours, as I will be out of the country for a few days.
Dividend paid for this week.
Will continue to pay full 800MH/s as they sell.
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-05-27 00:45 3.4199949 545 0.00627522
Will continue to pay full 800MH/s as they sell.
The full 800MH/s will be paid out to any bonds that have sold.
With a retarget estimate of 1595297.29771767 the payout would be ~3.37 (currently 510 bonds sold).
With a retarget estimate of 1595297.29771767 the payout would be ~3.37 (currently 510 bonds sold).
Made a test dividend, GLBSE needs a manual..
Enjoy!
Code:
Payment date | Total paid | Shares paid | Payment per share
2012-05-22 09:45 0.9999978 510 0.00196078
Enjoy!
Maybe I just missed something in my calculations.
Does a BFL run on air and never break down?I have my own opinion on the value of mining bonds, but running and replacement costs need to be taken into account in any comparison, such that each investment has its own pros and cons.
I think you've answered your own question in part, its possibly better to buy bonds that are reasonably stable in price across all the offerings than wait however long BFL is taking to ship, or you may not have the stomach for investing in hardware.
And we are Live! Get in while they are cheap.
Updated share offering after another pre-IPO purchase
The name is Bond, James Bond.
people feel the need to reserve this bit.
Update: This operation is closed and all obligations settled. Please feel free to PM if you would like to discuss anything further.
Announcing - 007 Bonds - 1MH PPS - Powered by Butterfly Labs
https://glbse.com/asset/view/007
You know the drill.. These bonds entitle the bearer to the PPS payout equal to one megahash per second.
- 800 Shares shall be issued, hashing is provided by one BFL Single.
- [Updated] - 500 Pre-IPO shares have been sold, the remaining 300 will be offered at 0.29.
- Dividends will be paid weekly on or about* the IPO anniversary.
- Any day difficulty changes on will be calculated at the lowest difficulty.
FAQ
Q - Who are you?
A - Long time listener first time caller, mining and using bitcoin for about a year now.
Q - Why buy these bonds?
A - Why not? I personally hold many of the mining bonds available, diversity is your friend.
Q - What if the single breaks?
A - I have ample GPU hashing power to cover downtime.
Q - Why is there a * in the dividends clause.
A - This is a one man band, I reserve the right to take vacations but will always communicate any expected delay or otherwise.
Quote
Announcing - 007 Bonds - 1MH PPS - Powered by Butterfly Labs
https://glbse.com/asset/view/007
You know the drill.. These bonds entitle the bearer to the PPS payout equal to one megahash per second.
- 800 Shares shall be issued, hashing is provided by one BFL Single.
- Dividends will be paid weekly on or about* the IPO anniversary.
- Any day difficulty changes on will be calculated at the lowest difficulty.
FAQ
Q - Who are you?
A - Long time listener first time caller, mining and using bitcoin for about a year now.
Q - Why buy these bonds?
A - Why not? I personally hold many of the mining bonds available, diversity is your friend.
Q - What if the single breaks?
A - I have ample GPU hashing power to cover downtime.
Q - Why is there a * in the dividends clause.
A - This is a one man band, I reserve the right to take vacations but will always communicate any expected delay or otherwise.
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