Realtime


Trading has been permanently frozen for the site wind down.


The asset issuer has not unlocked voting on this asset.

LTC-MINING  operated by ltcmining since Dec, 12 2012  

Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
0 303@0.288 -- -- -- -- 0.288 0.288 0.288 0.2728 0.28795 0.288 270 0 1    (1/0)



Outstanding Last 24h 24h Avg 24h 24h Vol 7d 7d Avg 7d 30d 30d Avg 30d Tot Vol Mkt Cap Score
0 303@0.288 -- -- -- -- 0.288 0.288 0.288 0.2728 0.28795 0.288 270 0 1    (1/0)

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
2013-09-08 05:10:34 Market Buy 6 ฿ 0.288 ฿ 1.728
2013-09-08 05:10:34 Market Buy 4 ฿ 0.288 ฿ 1.152
2013-09-08 05:10:34 Market Buy 2 ฿ 0.288 ฿ 0.576
2013-09-08 05:10:34 Market Buy 1 ฿ 0.288 ฿ 0.288
2013-09-08 05:10:34 Market Buy 2 ฿ 0.288 ฿ 0.576
2013-09-08 05:10:34 Market Buy 10 ฿ 0.288 ฿ 2.88
2013-09-08 05:10:34 Market Buy 1 ฿ 0.288 ฿ 0.288
2013-09-08 05:10:34 Market Buy 1 ฿ 0.288 ฿ 0.288
2013-09-08 05:10:34 Market Buy 3 ฿ 0.288 ฿ 0.864
2013-09-08 05:10:34 Market Buy 3 ฿ 0.288 ฿ 0.864
2013-09-08 05:10:34 Market Buy 2 ฿ 0.288 ฿ 0.576
2013-09-08 05:10:34 Market Buy 1 ฿ 0.288 ฿ 0.288
2013-09-08 05:10:33 Market Buy 4 ฿ 0.288 ฿ 1.152
2013-09-08 05:10:33 Market Buy 30 ฿ 0.288 ฿ 8.64
2013-09-08 05:10:33 Market Buy 2 ฿ 0.288 ฿ 0.576
2013-09-08 05:10:33 Market Buy 3 ฿ 0.288 ฿ 0.864
2013-09-08 05:10:33 Market Buy 12 ฿ 0.288 ฿ 3.456
2013-09-08 05:10:33 Market Buy 1 ฿ 0.288 ฿ 0.288
2013-09-08 05:10:33 Market Buy 1 ฿ 0.288 ฿ 0.288
2013-09-08 05:10:33 Market Buy 2 ฿ 0.288 ฿ 0.576


Dividend History
Date Total BTC Shares BTC/Share Status
2013-09-08 04:55 ฿ 0.11029278 303 0.00036400 COMPLETE
2013-08-31 20:45 ฿ 0.19036201 1000 0.00019036 COMPLETE
2013-08-18 18:41 ฿ 0.49484479 1000 0.00049484 COMPLETE
2013-08-02 02:10 ฿ 0.29478058 1000 0.00029478 COMPLETE
2013-07-21 19:06 ฿ 0.43384559 1000 0.00043384 COMPLETE
2013-07-08 05:21 ฿ 0.46369191 1000 0.00046369 COMPLETE
2013-06-26 02:01 ฿ 0.38352473 1000 0.00038352 COMPLETE
2013-06-17 06:16 ฿ 0.28528454 1000 0.00028528 COMPLETE
2013-06-06 22:46 ฿ 0.37558725 1000 0.00037558 COMPLETE
2013-05-27 01:31 ฿ 0.40012691 1000 0.00040012 COMPLETE
2013-05-15 07:31 ฿ 0.48496023 1000 0.00048496 COMPLETE
2013-05-06 05:40 ฿ 0.79623870 1000 0.00079623 COMPLETE
2013-04-25 15:30 ฿ 0.75316573 1000 0.00075316 COMPLETE
2013-04-14 20:25 ฿ 1.09618757 1000 0.00109618 COMPLETE
2013-04-05 08:00 ฿ 2.52235988 1000 0.00252235 COMPLETE
2013-03-28 06:20 ฿ 0.85462122 1000 0.00085462 COMPLETE
2013-03-17 07:50 ฿ 1.55401732 1000 0.00155401 COMPLETE
2013-03-10 08:25 ฿ 2.52400000 1000 0.00252400 COMPLETE
2013-03-01 05:45 ฿ 1.19400000 1000 0.00119400 COMPLETE
2013-02-21 07:00 ฿ 1.68100000 1000 0.00168100 COMPLETE
2013-02-10 07:20 ฿ 2.29300000 1000 0.00229300 COMPLETE
2013-01-31 05:15 ฿ 2.37800000 1000 0.00237800 COMPLETE
2013-01-21 21:50 ฿ 2.15300000 1000 0.00215300 COMPLETE
2013-01-09 01:15 ฿ 2.81200000 1000 0.00281200 COMPLETE
2012-12-30 02:11 ฿ 2.99700000 1000 0.00299700 COMPLETE
2012-12-18 02:39 ฿ 3.14110000 1000 0.00314110 COMPLETE
2012-12-07 14:42 ฿ 6.86400000 1000 0.00686400 COMPLETE
2012-12-05 17:28 ฿ 43.50100000 1000 0.04350100 COMPLETE
2012-09-27 01:00 ฿ 6.45800000 1000 0.00645800 COMPLETE
2012-09-20 01:00 ฿ 6.84800000 1000 0.00684800 COMPLETE
2012-09-12 01:00 ฿ 5.47900000 1000 0.00547900 COMPLETE
2012-09-05 01:00 ฿ 7.29800000 1000 0.00729800 COMPLETE
2012-08-28 01:00 ฿ 6.96700000 1000 0.00696700 COMPLETE
2012-08-20 01:00 ฿ 7.36800000 1000 0.00736800 COMPLETE
2012-08-12 01:00 ฿ 7.37200000 1000 0.00737200 COMPLETE
2012-08-05 01:00 ฿ 9.71600000 945 0.01028148 COMPLETE
2012-07-28 01:00 ฿ 7.00500000 601 0.01165557 COMPLETE
2012-07-23 01:00 ฿ 7.56000000 503 0.01502982 COMPLETE



TRADING HALTED ON LTC-MINING Posted: 7 years ago
TRADING HAS BEEN HALTED ON LTC-MINING BY THE ISSUER.

LTC-MINING Closed Posted: 7 years ago

Hi all.  LTC-MINING has been closed.  I have had a lot of other projects sucking up most of my time so I have been unable to grow this asset as much as I had originally hoped.

I issued the LTC mining output of 1000 kh/s to the remaining 303 outstanding shares, roughly tripling the revenue issued.

The last trades were at 0.2728 so I multiplied that times 1.05 which gave me 0.28644 BTC.  I rounded that up to 0.288 and bought back the remaining 303 outstanding shares of LTC-MINING.

Totaling everything up over the last year, original purchasers that held the LTC-MINING bond would have seen a return of roughly 6% denominated in BTC.

Cheers.

 

 


Bond Update Posted: 7 years ago

I have some great news.  All but a couple of the bonds were claimed!  I'm really glad we were able to reconnect nearly everyone after the GLBSE shutdown.

Next steps for this bond... It's been nearly a year now that I've been operating it.  I've learned a lot, and had a great time running it for everyone.  My goal has been to repay the principal and then some within the first year, giving every initial purchase a profit.  Despite this goal, after almost a year of operation only 0.181 BTC of the initial 0.43 BTC price has been repaid on a per-bond basis.  Even more upsetting is that in the nearly year of operation, that gap of 0.24 BTC is worth nearly 10x what it used to be in most fiat currency conversions.

Bottom line, this issue has lost bondholders money, and with the way difficulty has been going up, it is not showing much promise in terms of paying it back anytime soon.

BTC-TC had a great month this May, and I have benefited greatly from that.  So what I've done is I've posted a large bid using the following math:  Taking the IPO price of 0.43, I multiplied it by 1.1, then subtracted the dividend payments to date of 0.181, leaving 0.292 BTC as the number at which I can buy back the bonds, and still give IPO buyers a roughly 10% return.

I know this doesn't seem like much, but per the contract I could in theory just let it languish until the price tanked, then buy back at 110% of that.  So this is my effort to make bondholders whole, in a fair manner and at my expense.

No one has to take this offer, but it's there on the books.  Do your own math and decide on your own what you'd like to do.  I can't commit to leaving the bid there indefinitely, but I'll continue to operate the bond for anyone that wants to see it through unless/until something else changes.

Cheers.


Trading begins when GLBSE releases records Posted: 8 years ago
We'll open things up for trading as soon as GLBSE pulls their head out and gives
us our data on who owns what shares.

Cheers.

No motions yet
Contract & Prospectus
Locked! This asset has been locked by the Asset Issuer.
Ticker MINING CONTRACT: LTC-MINING
Moderator Score 1  (1/0)
Moderator Votes YES 1 / 0 NO    (1 ABSTAINING -- Users with 10 or more shares of LTC-GLOBAL are allowed to vote.)

burnside voted ABSTAIN with comment: This is my own asset.
Shares Outstanding 0 / 0 Issued
Issuer ltcmining <burnside@kattare.com>
Forum https://bitcointalk.org/index.php?topic=93539.100
Issuer Detail

Username burnside on bitcointalk.

Long time LTC supporter.

Contract

Each bond issued represents a minimum of 1 kH/s ongoing hashing. More bonds will be issued as demand dictates.

All bonds sold will be maintenance free. All power, internet connectivity, hardware maintenance, and LTC to BTC conversions will be managed by burnside.

I will be brining additional capacity online as the bonds are sold, with a 1 week lag for purchasing equipment, configuring it, and deploying it. Dividends will still be paid during that time by using existing hashing gear.

Each bond will pay out earnings every 4-10 days with a targeted average of every 7 days. To keep things simple, all bond-backed hashing will be directed at the burnside Mining Pool (ltc.kattare.com) using it's own account with it's own wallet. On payout days I will be converting all LTC in the LTC-Mining wallet to BTC on public exchanges and then distributing the  resulting BTC to bond holders on the GLBSE. I require a wide berth in the payment interval because I wish to maintain a stable price for the security and I must maintain a flexible schedule should any family or day-job issues arise.

The bond will not expire.

Because I am taking on a very possible risk (eg, difficulty doubles, exchange rate drops) whereby the cost of operating the hashing pool will become a liability:

I reserve the option to repurchase bonds at 105% of the highest traded price over the last 15 days.

I reserve the option to shift mining resources to alternate crypto-currencies should profitability in LTC diminish and an alternate crypto-currency become more profitable. Should I exercise this option, all bonds will be converted to a hashing rate determined to be as profitable or more profitable than the LTC equivalent as of the day of conversion.

And because I would like to somewhat future-proof this bond:

To grow the operation I reserve the option to issue additional bonds at a price I will determine.

I reserve the option to use alternate mining pools, should anything happen to the burnside Mining Pool.

I reserve the option to increase the hashing value of each bond should there be a significant shift in the market. (eg, much as ASICS have done to BTC)

Executive Summary

LTC-MINING was started by burnside, a long time LTC supporter.

burnside operates ltc.kattare.com, a Litecoin mining pool, and has contributed many hashes to the pools since long before GPU mining came to the coin.

This asset was started to bring more attention to Litecoin, at a time when LTC mining was more profitable than BTC mining. Some, but not all days, this is still true.

The other (secondary) goal, was to grow the hashing on the LTC network to help make it less susceptible to 51% attack. For a while several months ago there was legitimate concern that LTC would come under sustained attack.

If you have any questions, please feel free to ask in the forums.

Business Description

Our main goal today is to make whole all of the early purchasers of this bond. While the contract states 1kH/s minimum, we routinely deliver much higher than that, with hopes that when we do eventually buy back, everyone that believed in
this project will see a decent return.

Sadly, the company is no longer growing. There are currently no plans to make further offerings, as burnside now operates the exchanges this security trades under, burnside is (over the course of a year or more) going to slowly wind down the asset and eliminate the potential conflict of interest inherent in running both the exchange and the asset.

Definition of the Market

Over the last six months the market has become increasingly competitive and saturated. When burnside first offered the bond, we were the first and only asset publicly doing LTC Mining. Now there are many BTC miners moving over to LTC and many options for purchasing mining bonds on LTC-GLOBAL.

Products and Services

We have one product and one product only. A minimum of 1 kH/s LTC hashing per bond sold. This is our focus and will remain our focus for the lifespan of this bond.

Organization and Management

Our organization is very simple. Burnside does pretty much everything, from managing and maintaining the servers to customer service and dividend payments.

Marketing Strategy

We do not have any plans for marketing outside of our posts to the BTC and LTC forums.

Financial Management

Initially the funds raised from this bond (all shares were sold at 0.43 BTC/share) were used to purchase mining hardware. We purchased three servers, each with three video cards, hashing at around a total of 600 - 800 kH/s each, depending on the time of year. Hashing beyond that delivered in service of the bond is used to pay the power bills and whatever is left becomes burnside's
profit.

The video cards purchased are MSI Twin Frozr II models and have 3 year warranties on them, so we should be in pretty good shape financially for as long as the bond is around.


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