Topic: [GLBSE] CANMINE 5GH/s mining bond CANCELLED DUE TO LACK OF INTEREST - page 2. (Read 4472 times)

I can offer a collateral of 500 shares in GIGAMINING I bought a few days ago. I can try to speak at GBLSE to remove the sell option on my account and keep them in escrow.
I will provide personal information, driving licence.
I'm in Canada, I pay $0.075/KW.

Thanks.

Seems like I can change values there, dunno if that changes the view of every other visitor after me too... but yes, stuff like this gives more confidence that you at least really have the hash rate needed to generate the amount of coins you want to sell - which is already 1 major thing that might seperate you from a fraudster!

The other thing is: Are you actually using external money to fund this?
For this to be more transparent, you could for example use a feature that would have yet to be developed for GLBSE: Send money to a fixed BTC address and it gets paid as dividends to holders of a certain share. This would allow your buyers to see that you are actually using fresh coin to pay them, not just their own funds for ~1 year and then miraculously (even though you mined in your own pocket) make a great disappearance.

I understand the problem, unfortunately it takes too much time.
As proof, here is a link to my anubis page, hosted on my home computer.
Two hosts are on wireless and sometime they do not show up. I can provide pictures.

Thanks.

As with all the other "mining bonds":
Show clear(!) proof that you really control this hashing power via blockchain!

To do so:

1) create a new bitcoin address, unknown to the blockchain
2) Sign a message with this address, something like "ciuciu controls this address" and maybe include a link to this topic or so
3) Mine on p2pool or Eligius for at least 1 week to this address and to this address only with a hash rate that is as constant as can be to proove you didn't use GPUMAX or are buying your hashing power from somewhere else.
4) Post the address, the message + signature and the proof with the generated coins (e.g. blockexplorer) in this thread
5) repeat this step every 1-2 months if you really need to mine somewhere else (not on p2pool), for extra confidence ONLY mine on p2pool or Eligius with this address

It is VERY easy to let such a contract/bond run like a Ponzi scheme (selling bonds for a high price, pay the payouts from the IPO initially and after half a year or so "disappear", have "hardware errors", "a medical condition" or more or less anything else that could make people panic-sell. After 15 days pay 105% of the lower-than-IPO price + keep the remaining BTC.

It takes far more than 1 year until something like the above becomes unprofitable for you as the issuer...

Hello bitcoiners,

I would like to offer 125 shares in my  mining operation valued at 10 BTC each. Each coupon will be worth 40Mh/s.
I intend to use the funds to purchase 10 Butterfly Labs BitForce Singles.
Until their arrival I will make the payments from my 15GB mining farm. I intend to start on 16th, with weekly payments.
I reserve the option to repurchase bonds at 105% of the highest traded price over the last 15 days.

I would like to keep this as transparent as possible so I'm ready to answer all questions. Suggestions and advice are welcome!

Thank you.

Follow up:

1. By mistake I entered 1250 instead of 125. I contacted GLBSE support and they told me it can't be modified at this time. Next week after they upgrade the website it will be possible to modify it. Be kind I'm new to this!

2. Personal information submitted for approval.

3. Personal information verified by GLBSE.