Well - new shares at a lower price (more reflective of today's market) would have a higher yield than shares purchased 2-3 weeks ago. New bonds would (assuming keeping the same structure) receive the same coupon as older bonds. Since the purchase price would be lower (in this example) the yield would be higher.
If you are referring to yield not decreasing over time that is ultimately a function of difficulty since we are paying 100% PPS of 1 Mh/s.
There have been some other comments on alternates to the variable coupon (difficulty based) mining bonds. Something we will discuss but would need to be a new issue and not additional shares (most likely).
Thanks again for the comments!
Topic: [GLBSE] YABMC Growth (Read 3161 times)
we would appreciate some feedback as to volume and price and even timing if we were to issue additional bonds.
I'd appreciate if you try to not reduce the dividend yield whatever you do.
The past week has seen some interesting developments including BTC price increases relative to the USD, falls in prices for bonds on GLBSE and recent large off-market sales. We have also seen some new equipment become available and the wait for BFL MRs continues, while we (JWU, HashKing and myself) keep our mining operation humming along.
We think that there is appetite for us to offer additional bonds for those after exposure and the benefits of mining without the hassle or cost of running and maintaining equipment, but also do not want to disadvantage existing bond holders. Therefore, before making further moves we would appreciate some feedback as to volume and price and even timing if we were to issue additional bonds.
We think that there is appetite for us to offer additional bonds for those after exposure and the benefits of mining without the hassle or cost of running and maintaining equipment, but also do not want to disadvantage existing bond holders. Therefore, before making further moves we would appreciate some feedback as to volume and price and even timing if we were to issue additional bonds.
The mining bond market has been very dynamic in the past week. There have been new entrants at fairly modest hash levels (i.e., less than 2 Gh/s) and more recently major expansions at other existing offerings. All of this compounded with a significant rise in price of BTC versus most major currencies has created uncertainty in what was a fairly stable market.
HashKing, PatrickHarnett and I (JWU42) believe it is best to pause issuing bonds while we continue to expand our hashing capacity.
We all have additional hardware arriving in the coming weeks and MAY use that as an opportunity to release more bonds. We will do so publicly and will continue to offer discounts for bulk purchases.
We all sincerely appreciate your support of YABMC!
HashKing, PatrickHarnett and I (JWU42) believe it is best to pause issuing bonds while we continue to expand our hashing capacity.
We all have additional hardware arriving in the coming weeks and MAY use that as an opportunity to release more bonds. We will do so publicly and will continue to offer discounts for bulk purchases.
We all sincerely appreciate your support of YABMC!
@consirospere.tk -- I suspect the 0.0 was a result of me trying to payout the small balance I mentioned in this thread ==> https://bitcointalksearch.org/topic/m.949020
I just received this amount:
0.0 YABMC 2012-06-08 08:08:59
I own 59 YABMC bonds and I used to receive around 0.12 BTC per payment.
Anything wrong?
[edit]: it was just a glitch probably. I had received this other payment 6 minutes before:
0.11201858 YABMC 2012-06-08 08:02:20
0.0 YABMC 2012-06-08 08:08:59
I own 59 YABMC bonds and I used to receive around 0.12 BTC per payment.
Anything wrong?
[edit]: it was just a glitch probably. I had received this other payment 6 minutes before:
0.11201858 YABMC 2012-06-08 08:02:20
Coupons tomorrow 
Help us reach our growth plans of ~1% of the network hashpower. Put your idle BTC to work and earn ~1.5% per week with coupons paid on Tuesday and Friday. With difficulty looking to drop yet again the yield only looks to improve more in the coming weeks.
Please review the following on a potential change to coupon frequency...
https://bitcointalksearch.org/topic/yabmc-coupon-frequency-now-2x-per-week-83229
https://bitcointalksearch.org/topic/yabmc-coupon-frequency-now-2x-per-week-83229
Dividend will be paid on Thursday - around 1600 UTC. Buy your shares now and get ~14 days worth of coupons for holding 2 days -- ~1.53% yield for 2 days
Please note that purchasing YABMC @ .3/sh offers the best yield of the mining bonds.
Thanks Zefir!
Great to hear another 1% getting secured by publicly held mining power.
Good Luck!
Good Luck!
Garr,
A tad different in the case of Cognitive as it is equity and YABMC is debt (i.e., bonds).
That said, best of luck - you are doing a great job and learning skills that will be beneficial when you get to be an old fart like me
A tad different in the case of Cognitive as it is equity and YABMC is debt (i.e., bonds).
That said, best of luck - you are doing a great job and learning skills that will be beneficial when you get to be an old fart like me
This will be interesting to see how investors react to forced expansion.
I'm planning on Cognitive expanding soon as well, but I don't have the initial money required. It looks like I'll have to be a little more creative
I'm planning on Cognitive expanding soon as well, but I don't have the initial money required. It looks like I'll have to be a little more creative
Can you clarify this point, however? If you want me to phrase it explicitly:
If mining becomes unprofitable, as determined by the backers of the YABMC bond, whether individually or in unison, would YABMC bond payments continue regardless?
The responsibility is to pay the bond holder irrespective of mining. We have worked through this point in some detail as we have different cost structures, equipment mixes and even seasons.
Thanks, that answers my question.
The giant askwall is really not nice at all, especially as it came on such short notice and without warning.
I read your comment above and that you were looking for capital gain rather than a long term hold? The first round of 5000 bonds sold at 0.3 so I am interested to know how much you consider you are "out of pocket".
Can you clarify this point, however? If you want me to phrase it explicitly:
If mining becomes unprofitable, as determined by the backers of the YABMC bond, whether individually or in unison, would YABMC bond payments continue regardless?
The responsibility is to pay the bond holder irrespective of mining. We have worked through this point in some detail as we have different cost structures, equipment mixes and even seasons.
Sukrim,
There have been posts going back several days in the YABMC thread that more bonds were coming. I am sorry that you believe there wasn't sufficient notice/warning.
As far as the contract language, I would like tweak a few things but it cannot be edited at this point, however, so it remains as written.
There have been posts going back several days in the YABMC thread that more bonds were coming. I am sorry that you believe there wasn't sufficient notice/warning.
As far as the contract language, I would like tweak a few things but it cannot be edited at this point, however, so it remains as written.
Can you clarify this point, however? If you want me to phrase it explicitly:
If mining becomes unprofitable, as determined by the backers of the YABMC bond, whether individually or in unison, would YABMC bond payments continue regardless?
Sukrim,
There have been posts going backseveral a couple days in the YABMC thread that more bonds were coming. The expansion discussion started in early May (and was noted in the OP) with no definite mention of more bonds. I am sorry that you believe there wasn't sufficient notice/warning.
As far as the contract language, I would like tweak a few things but it cannot be edited at this point, however, so it remains as written.
There have been posts going back
As far as the contract language, I would like tweak a few things but it cannot be edited at this point, however, so it remains as written.
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