Can you please tell us the total hashing power after the extra dividend witholding - most people assumed it would be taking us to somewhere around the 40Th mark but your previous posts seem to indicate only around 30Th.
It will likely be between 30 and 34 TH after the 2 week withholding. It was looking like it would be around 40TH, but there was an unfortunate miscommunication between Dave and I that resulted in this. With the 2 week withholding, it will allow us to push past 40TH very quickly though as I will be reinvesting a significant amount early on to fight the difficulty.
EDIT: I would like to point out that (34TH * .75) / 51,707 = 493MH/s per bond though. I consider that a great success over initial estimates.
It
will be a success in the MH sense, but keep in mind 100MH/bond cost people that bought bonds from
BTC1.5/GH to
BTC2.5/GH. That's in the range of $150 to $250/GH if bought when
BTC was at $100. Bond buyers didn't expected 100MH to be the case for long. But, yes, 493MH/bond will be much nicer than 100MH/bond - especially if it was online
now.
Remember you are effectively paying nothing as long as the share price stays at the rate at which you purchased and you can find a buyer.
That's a good point. But one that depends on sustainability... it will be interesting to see how that goes.
For bonds at
BTC0.15. At ~500MH/bond, that's
will be about
BTC0.3/GH ($42/GH). Hardware available
now retails at $20/GH. So then, by November bonds would be about double the nominal retail rate. But hardware coming on the scene in January will retail at $3/GH (or
BTC0.021/GH) how long will it take to bring that bond price/GH proportionately into alignment to $6/GH (or
BTC0.042/GH) by January with the re-investment plan? Assuming a flat bitcoin price, I think that means January bonds will need to be representing about 1.25GH/bond to be on par (+750MH/bond). That would require .75GH * $3/GH = $2.25 invested per bond. Currently, 25% of what is mined each week is about 8 cent per bond minus Labrat fee's and other expenses. Let's say 5 cent/bond - that would be 45 weeks required. But take the two weeks of scooped away dividends and increased mining rate and increased difficulty..where will LRM be in January compared to November? It
might work out.
