Post
Topic
Board Securities
Re: [GLBSE] Bitbond 200Gh/s - the only 105% PPS mining bond
by
sunnankar
on 22/08/2012, 02:18:24 UTC
Does Bitbond use GPUMAX?

totaleclipseofthebank, I think a more relevant question may be how much exposure does BITBOND have to Pirate and Pirate's service GPUMax?

The main page for the BITBOND security states:

What if you have technical issues/downtime?
I have more than 120Gh now and another 180Gh/s coming online in June.  Should there be any downtime, I will contribute hashes from my personal farm to ensure the full dividend is paid each week.

Since the bond is now for 100,000 units or 210GHs therefore I am interested in some updated statements regarding the liquidity of BITBOND. Here are three questions I asked Gigavps that I would like answers from AmazingRando.

To better judge your credit worthiness the three material pieces missing are (1) what amount of GHs is currently operational and producing, (2) what PPS% is it earning, and (3) how many unencumbered bitcoins do you have in your possession allocated for building or buying more rigs.

As a significant long investor, I would appreciate answers to assess the BITBOND liquidity and potential Pirate or other counter-party exposure.

Of course, I understand the sensitive nature of #3 and would not need an affirmative statement if there is significant (ex. 25%+ or 262.5GHs+ at 100% PPS) earning capacity in bitcoins in excess of debt service.