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.
Apologies for a slow reply to this. I have not been following the thread much this past week.
Let me answer each question.
1) I have never kept coins with Pirate nor pass throughs or other instruments that would expose me to risk from Pirate's HYIP.
2) Yes, I do mine on GPUMax. After a long period were public shares were not being leased on GPUMax, it has recently been leased 100%, allowing for 130% PPS. If GPUMax daily payouts were to stop I can easily switch to other pools. This coming week I will be moving away from Maxbtc and Ozcoin and starting to use a combination of GPUMax, Bitminter, and 50btc.
3) In answer to the question of my general PPS earnings, it varies between 100% and 130% with the average being a narrow range around 112%
4) My total hashing capacity is 305 Gh/s. We will be moving data centers within the next two weeks. This will give us more power to expand. Meanwhile, I operate at least 200 Gh/s on a continuous basis (often considerably more). With new power, I will operate at least 300 Gh/s on a continuous basis and expand further.
5) I have significant cash reserves, enough to provide several weeks of payouts. I also keep a modest amount of coins on hand and will accumulate more if the exchange rate is favorable.