but here is the users own post quoting the contract - with his crytostocks listing showing no payments.
Relaunched on Cryptostocks!Bitbond (
Cryptostocks ticker
BITBOND) is a perpetual mining bond where you can buy mining power and receive weekly mining payouts, without buying and maintaining expensive hardware. Payouts will continue indefinitely.
Bond features- A total of 200Gh/s offered in 2Mh/s increments
- Weekly payouts are 105% of PPS
- PPS means no variance
- Perpetual - no expiration date
- Buyback provision at 110% of 15 day Cryptostocks average
Benefits over other bonds- 105% PPS means more bitcoins - a bigger payout and more coins before difficulty increases
- Positive ROI several weeks quicker - up to 13 weeks sooner
- Higher buyback provision - get paid more if I buy back the bonds
FAQWhen would payouts begin?Payouts started on 4/8/2012
See the post after this for payout history
How long will it take to start mining?Mining started on Saturday 4/7 at 2 PM. It is a subset of my mining hash power currently on
maxbtc.comWhat is your hardware setup?I exclusively run GPUs for mining due to my low power costs. I may offer further bonds in the future with FPGA hardware if the economics are right and the FPGA vendor can deliver when I need it
Why/how 105% PPS?First, I will be doing merged mining so those coins will be used to increase the pay per share. Also, I would like to offer a good value for each bondholder. The extra 5% will add up over the weeks, months, years. If reinvested it will greatly accelerate ROI compared to 100% PPS options.
What if you have technical issues/downtime?I have more than 210 Gh/s operating with a total capacity beyond 300 Gh/s. Should there be any downtime, I will contribute hashes from my personal farm to ensure the full dividend is paid each week.