Quote from: Bitinvestor on February 04, 2013, 11:25:40 PM

Quote from: amazingrando on February 04, 2013, 05:04:55 PM

Through several sleepless nights, we have managed to pull together enough funds and to purchase 10 x Avalon ASIC units in batch 2. This will provide about 660 GH/s. It is far from the 1.5 TH/s we hoped to have with the BFL mini rig, but the Avalon ASICs have been proven to exist and work. We should also receive them much sooner than putting in a BFL order now.

I am suggesting creating a new security on Cryptostocks called BITBOND ASIC. All current BITBOND bonds will be exchanged 1:2 for BITBOND ASIC. The new bonds will be 2.25 Mh/s each, payable at 100% PPS. Thus, if you have 10 BITBOND, which provides 20 Mh/s at 105% PPS, through the exchange you will receive 50 Mh/s at 100% PPS.

BITBOND will no longer be perpetual. Instead it will continue through 2014.

Your math is wrong:

666 GH/s = 666,000 MH/s
666,000 MH/s / 15,000 BITBONDs that haven't been paid = 44.4 MH/s per BITBOND that has not been paid.

The ASICs belong to the little guys because WE PAID FOR THEM!

didn't you know he needs 90% of the hashrate to pay electricity? and that the 90% of the hashrate won't be able to pay electric past 2014