Realtime


Trading has been permanently frozen for the site wind down.

B.YABMC  operated by JWU42 since Jan, 1 2013  

Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
27247 4@0.00038 -- -- -- -- -- -- -- 0.0002 0.0002 0.000449 489 0 2    (2/0)


Asks   (Log in to trade ...)
383 Shares, 0.191698 BTC
Quantity Price
381 0.0005000
2 0.0005990


Market Depth

Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
27247 4@0.00038 -- -- -- -- -- -- -- 0.0002 0.0002 0.000449 489 0 2    (2/0)

CALL Options Available For Purchase
(an option to purchase shares)
Option ID Expiration Qty Strike Premium/ea Cost/ea
None available...

PUT Options Available For Purchase
(an option to sell shares)
Option ID Expiration Qty Strike Premium/ea Proceeds/ea
None available...


Trade History
Date Type Quantity Price Total
2013-10-08 12:29:24 Market Buy 4 ฿ 0.00038 ฿ 0.00152
2013-10-08 12:28:36 Market Buy 1 ฿ 0.000379 ฿ 0.000379
2013-10-08 03:15:18 Market Sell 60 ฿ 0.0002 ฿ 0.012
2013-10-07 18:14:51 Market Buy 1 ฿ 0.000399 ฿ 0.000399
2013-10-07 06:31:28 Market Sell 1 ฿ 0.00021 ฿ 0.00021
2013-10-07 06:30:35 Market Sell 1 ฿ 0.00021 ฿ 0.00021
2013-10-07 00:41:29 Market Sell 1 ฿ 0.00021 ฿ 0.00021
2013-10-07 00:41:08 Market Sell 1 ฿ 0.000211 ฿ 0.000211
2013-10-06 22:01:28 Market Sell 5 ฿ 0.00021 ฿ 0.00105
2013-10-06 21:34:27 Market Sell 1 ฿ 0.00021 ฿ 0.00021
2013-10-06 18:01:59 Market Sell 1 ฿ 0.00021 ฿ 0.00021
2013-10-06 18:01:29 Market Sell 1 ฿ 0.000211 ฿ 0.000211
2013-10-06 17:38:43 Market Buy 1 ฿ 0.000449 ฿ 0.000449
2013-10-06 16:45:46 Market Sell 90 ฿ 0.00021 ฿ 0.0189
2013-10-06 13:51:15 Market Sell 5 ฿ 0.00021 ฿ 0.00105
2013-10-06 13:15:02 Market Sell 4 ฿ 0.00021 ฿ 0.00084
2013-10-06 13:14:28 Market Sell 1 ฿ 0.000211 ฿ 0.000211
2013-10-05 08:53:18 Market Sell 21 ฿ 0.0002 ฿ 0.0042
2013-10-05 07:29:17 Market Buy 1 ฿ 0.00044 ฿ 0.00044
2013-10-05 07:28:06 Market Buy 1 ฿ 0.000439 ฿ 0.000439


Dividend History
Date Total BTC Shares BTC/Share Status
2013-10-27 12:00 ฿ 0.20244521 27247 0.00000743 COMPLETE
2013-10-20 13:00 ฿ 0.25448698 27247 0.00000934 COMPLETE
2013-10-13 13:00 ฿ 0.30680122 27247 0.00001126 COMPLETE
2013-10-06 13:00 ฿ 0.38967089 27307 0.00001427 COMPLETE
2013-09-29 13:01 ฿ 0.56350368 34592 0.00001629 COMPLETE
2013-09-22 13:00 ฿ 0.72982204 36076 0.00002023 COMPLETE
2013-09-15 19:01 ฿ 0.86628257 36076 0.00002401 COMPLETE
2013-09-15 13:00 ฿ 0.86628257 -- -- FAILED
2013-09-08 13:00 ฿ 0.98959252 36076 0.00002743 COMPLETE
2013-09-01 13:00 ฿ 1.16484322 36076 0.00003228 COMPLETE
2013-08-25 13:06 ฿ 1.46217588 36076 0.00004053 COMPLETE
2013-08-18 13:09 ฿ 1.68163595 36076 0.00004661 COMPLETE
2013-08-11 13:08 ฿ 2.04685473 36052 0.00005677 COMPLETE
2013-08-04 13:08 ฿ 2.38842809 36052 0.00006624 COMPLETE
2013-07-28 13:12 ฿ 2.49789011 35556 0.00007025 COMPLETE
2013-07-21 13:11 ฿ 2.88363665 35537 0.00008114 COMPLETE
2013-07-21 13:00 ฿ 2.80979504 -- -- CANCELED
2013-07-14 13:10 ฿ 3.15232554 34884 0.00009036 COMPLETE
2013-07-14 13:00 ฿ 3.12910149 -- -- CANCELED
2013-07-07 13:07 ฿ 3.44556758 34627 0.00009950 COMPLETE
2013-06-30 13:04 ฿ 3.75503166 34627 0.00010844 COMPLETE
2013-06-23 13:04 ฿ 3.85293378 34627 0.00011126 COMPLETE
2013-06-16 13:08 ฿ 4.65199436 34196 0.00013603 COMPLETE
2013-06-09 13:14 ฿ 5.20294498 33979 0.00015312 COMPLETE
2013-06-02 13:07 ฿ 5.78737449 33131 0.00017468 COMPLETE
2013-05-26 13:04 ฿ 6.16218335 32774 0.00018802 COMPLETE
2013-05-26 13:00 ฿ 6.13233369 -- -- CANCELED
2013-05-19 13:01 ฿ 6.16134949 32315 0.00019066 COMPLETE
2013-05-12 13:01 ฿ 6.80845591 32315 0.00021069 COMPLETE
2013-05-05 13:01 ฿ 7.00897214 32315 0.00021689 COMPLETE
2013-04-28 13:00 ฿ 7.64449888 32315 0.00023656 COMPLETE
2013-04-21 13:00 ฿ 8.23838717 32315 0.00025494 COMPLETE
2013-04-15 13:00 ฿ 1.27728020 32315 0.00003952 COMPLETE
2013-04-14 13:00 ฿ 7.66368117 32315 0.00023715 COMPLETE
2013-04-07 13:00 ฿ 9.91349718 32315 0.00030677 COMPLETE
2013-04-07 12:00 ฿ 9.91349718 -- -- CANCELED
2013-03-31 13:00 ฿ 10.24578490 32315 0.00031705 COMPLETE
2013-03-24 12:10 ฿ 14.14732377 32315 0.00043779 COMPLETE
2013-03-24 12:00 ฿ 14.15201926 -- -- CANCELED
2013-03-24 12:00 ฿ 14.15201926 -- -- CANCELED
2013-03-17 12:00 ฿ 15.00752244 32315 0.00046441 COMPLETE
2013-03-10 12:00 ฿ 15.70648888 -- -- CANCELED
2013-03-10 12:00 ฿ 15.70648888 -- -- CANCELED
2013-03-10 11:00 ฿ 15.70648888 32315 0.00048604 COMPLETE
2013-03-03 12:00 ฿ 18.01304881 32315 0.00055742 COMPLETE
2013-02-24 12:00 ฿ 18.95400404 32315 0.00058653 COMPLETE
2013-02-17 12:00 ฿ 20.94481379 32315 0.00064814 COMPLETE
2013-02-10 12:00 ฿ 21.55310495 32315 0.00066696 COMPLETE
2013-02-03 12:00 ฿ 23.10851721 32315 0.00071510 COMPLETE
2013-01-27 12:00 ฿ 49.31989848 32315 0.00152622 COMPLETE



Future Plans... Posted: 7 years ago

Almost 10,000 shares were purchased last week bring the outstanding total to 27,307.  The majority of the shares are held by a small number of individuals. (i.e., 80/20 rule is in effect - might be 90/10).  With no good options on moving to a new exchange and with difficulty skyrocketing the past several months this bond has more than run its course.

Once trading closes tomorrow, I will keep a list of bondholders to process coupons maniually for the balance of 2013.  For those who have not provided a BTC address to BTCT.co I will contact via the e-mail address associated with the account.  As of December 31, 2013 at 23:59:59 UTC B.YABMC ceases to exist.

Since there will be ~85 days between trading stopping on BTCT.co and year end, the final payment (i.e., forced buyback) will be at a ratio (52x) the final per share coupon.  For reference, the 13 October coupon is .00001126 BTC per share.

I wish you all the best in your future endeavors!

Sincerely,

JWU42


Delayed Coupon Posted: 7 years ago

All,

My sincere apologies for the delay.  I simply forgot to transfer the funds to BTC last evening.  Coupon should be paid within the hour.

Again, my apologies for this oversight.

 


Incomplete Coupon - April 14th Posted: 8 years ago

In reviewing the spreadsheet that calculates coupons I noted that I used the wrong date (April 13 vs April 14).  This resulted in an underpayment of 86,400 seconds of work.  My apologies for the error!

I will pay the 1.27728020 BTC (8.94096137 is the correct total coupon) at 1200 UTC today.

Again, apologies!!
 


Coupon Payment - March 24th Posted: 8 years ago

All,

As difficulty may change right around the time of the next coupon payment may be delayed by ~1 hour to ensure the amount is correct.

I will post this to the bitcointalk thread as well.

Thanks in Advance for your understanding!


No motions yet
Contract & Prospectus
Ticker MINING CONTRACT: B.YABMC
Moderator Score 2  (2/0)
Moderator Votes YES 2 / 0 NO    (1 ABSTAINING -- Users with 10 or more shares of LTC-GLOBAL are allowed to vote.)

burnside voted YES with comment: I support GLBSE issuers trying to do the right thing for their shareholders. Buyback clause is pretty consistent with most GLBSE-era mining bonds.
garr255 voted YES with comment: I have always known JWU42 to be honest and trustworthy. I'm confident that he will continue to live up to this reputation on BTC-TC.
BTCTRADINGPT voted ABSTAIN with comment: BTC-TRADING-PT shareholders did not vote by a sufficient margin to approve or not approve.
Shares Outstanding 27247 / 55000 Issued
Issuer JWU42 <jwu42@hush.com>
Website http://yabmc.info
Forum https://bitcointalk.org/index.php?topic=75867.0
Issuer Detail

Until I further understand the security of my data I will not reveal my full
name but will gladly provide the following:

OTC Link :: http://bitcoin-otc.com/viewratingdetail.php?nick=JWU42
Heatware :: http://www.heatware.com/eval.php?id=7890
 

Contract

The initial contract from GLBSE is below for reference. I would NOT use this
agreement for the BTC-TC listing as the 100% is no longer correct nor is the
coupon frequency.

=============GLBSE Contract====================
The holder of this bond will receive as coupons a number of bitcoins equivalent
to 100% PPS output of ONE MILLION HASHES PER SECOND for as long as they hold the
bond. This hashpower will be used in private computer systems owned by THE
ISSUER and used in the process of "mining" bitcoins. All coupons will be paid
timely (within 24 hours) after each change in difficulty (which occurs every
2016 blocks ? approximately every 14 days). Coupons are not pro-rated; you must
hold the share at time of coupon to be paid. All dates / times will be
represented in UTC. In the event the cost of mining exceeds the value of coins
mined, THE ISSUER may suspend mining operation for as long as it sees fit to
mitigate potential loss, or indefinitely. THE ISSUER can buy back the bond at
any time at a price equivalent to 105% of the highest price the bond was last
traded on GLBSE over the previous 15 days (360 hours). Though THE ISSUER will
use all reasonable efforts to ensure value for the holders of these bonds, they
are provided on a best effort basis and as with any investment there is risk
involved. Please do not invest what you cannot afford to lose. Liability of a
bondholder is limited to the capital already invested when this share was
purchased. *** This share does not represent ownership of any company ***

==============Revised BTC-TC Contract===============
The holder of this bond will receive as coupons a number of bitcoins equivalent
to 60.303% PPS output of ONE MILLION HASHES PER SECOND for as long as they hold
the bond. This hashpower will be used in private computer systems owned by THE
ISSUER and used in the process of "mining" bitcoins. Every reasonable effort
will be made to pay the coupons weekly on mid-day Sunday. Coupons are not
pro-rated; you must hold the share at time of coupon to be paid. All dates /
times will be represented in UTC. THE ISSUER can buy back the bond at any time
at a price equivalent to 105% of the highest price the bond was last traded on
BTC-TC over the previous 15 days (360 hours). Though THE ISSUER will use all
reasonable efforts to ensure value for the holders of these bonds, they are
provided on a best effort basis and as with any investment there is risk
involved. Please do not invest what you cannot afford to lose. Liability of a
bondholder is limited to the capital already invested when this share was
purchased. *** This share does not represent ownership of any company ***

 

Executive Summary

As a long-time bitcoin miner, starting in February 2011, YABMC was formed in
April 2012 to provide a means for bitcoin enthusiasts whom did not have the time
nor expertise to mine coins, to invest in a bond whose return was highly
dependent upon the future bitcoin difficulty.

YABMC began with a total of 5,000 shares (5 Gh/s) total output. Initially using
GPU's to generate the coupons, the hashes owed were soon covered by Butterfly
Lab singles. The lower operating cost ensured sustainability even with an
unfavorable BTC/USD price and rising difficulty with more FPGA hash power coming
online.

YABMC expanded in May 2012 to a partnership which included two bitcointalk
members now tagged as "scammers"; hashking and Patrick Harnett. The partnership
planned to expand YABMC to 150 Gh/s with each member taking in the revenue from
bond sales and then also responsible for a pro-rated amount of the coupon.
Also, during the expansion, it was decided to take the coupon frequency from
every 2016 blocks (at difficulty change) to 2x weekly (Tuesday and Friday). The
YABMC growth fell short of the 150 Gh/s as the market appetite was satiated with
GIGAMINING and BITBOND. YABMC enjoyed months of uninterrupted success for the
YABMC partenrship and its bondholders. Unfortunately the abrupt closing of
GLBSE negatively impacted me and my partners.

My partners are unable to continue their involvement with YABMC and as such the
outstanding bonds will be paid a 60.303% (my portion of the total) of the
original 100% PPS bond.

While my sincere hope was to remain private, I allowed a bondholder vote and
BTC-TC was the winning choice (hence this application).

Business Description

N/A

Definition of the Market

The mining bond market has been decimated by the announcement of ASIC processors
for bitcoin mining and then the GLBSE closure. The highest barrier to entry is
the trust of the operator.

Products and Services

N/A

Organization and Management

YABMC is no longer a partnership and I (JWU42) solely control the mining
resources and BTC for payment of the coupons.

Marketing Strategy

The goal of re-listing is to provide a market for bondholders to buy/sell and
also allow a method for me to buyback shares (either forced at a premium or on
the open market) to retire the debt.

Financial Management

ʡ = Recent Notification or Pending Motion, ʬ = Recent Contract or Prospectus Change