Bitcoin Forum

 UPDATE: 8.29 05:28

Trading is closed and the buyback is complete.

Thank you everyone for your support. We are sorry we were not able to make this happen.

HOSTED-MINING






Hi all,

We just had an executive meeting. Our CFO shared some numbers with me through his calculation.

Since Alydian's hashpower is priced in USD, the number of coins we need to complete the purchase decreases as the price of Bitcoin goes up.

With the current Bitcoin price @ BitStamp, which is the exchange we are following, the number of coins needed has been reduced down to 3,800-3,900 Bitcoins (around 13,500 shares). (Figures will be available in a spreadsheet to public once the contract is signed.)

This means we can get the deal @ around 0.38btc/GH.

If the current price trend bitcoin persists, which should be expected as the difficulty skyrockets, by the time we get this deal, we are expecting an even better price @ 0.35-0.37btc/GH for 10TH available immediately.

PS: Any extra coins raised through IPO after purchasing will be given to the initial investor as dividend through first-week dividend payout or kept as growth fund, depending on the interest of the majority.

Cheers,
Hosted-Mining











Introduction

Thank you everyone for your support thus far! Wow! We are in negotiations with several of the current ASIC MINING vendors available in the market.

Tired of not knowing a DATE you are going to receive your ASIC mining hardware?
Have any of the companies you purchased from told you an EXACT DATE that you will receive your hardware?
Have you ordered ASIC Chips that are stuck in customs somewhere and no one can give you a straight up answer?

If these are questions that you do not have answers for, then, LOOK no further. HOSTED-MINING is here to help mitigate the international risk of not obtaining your share of the AMAZING BITCOIN market in time.
That is right. Time is ESPECIALLY crucial with Difficulty rising quickly.

WHAT HAPPENED when the HASH DIFFICULTY rose 35+%?
The PRICE of BTC rose.
What is going to happen with all the companies that supposedly will ship by Mid-September or October?
It will become more difficult to mine BITCOINS. If they miss their target dates, then what happens?

There are a lot of questions and uncertainty in this market and we want to make a statement, let's work together to raise funds and DEMAND dates from these mining companies or else give us more hash to compensate for time lost. SEEM unrealistic? It is not UNREALISTIC if we have the BTC to negotiate rates and TIMELINESS! Become part of our movement and let's work to specify hard DATES.

How many shares are outstanding for companies such as GOOGLE* (approximately 300M with an approximate value of {fill-in the blanks}? Net net, Billions. The BITCOIN network is a game changer.

HOSTED-MINING was created between a US and Canadian company to offer the very first GUARANTEE revenue-share HASHING date of no later than August 30th, 2013 for investors with an easily accessible investment vehicle without the large upfront cost of actually buying the hardware, monitoring and paying for electricity.

There are 3 Phases for roll out of a minimum 10 Terahash (referred to as "TH" forthwith) of mining capacity deployed no later than August 30th, 2013. With a GUARANTEE of additional TH in the contract to compensate for the difference in lost downtime if the launch date is not met.


1.) PHASE I - Initial Offering


Our motion is to increase the number of shares to 10,000,000 at .0028 each, with the release coming in 2 stages. Initially, we will release 5,000,000 shares of the first 10,000,000. They will be price at 0.0028 per share.

Starting from no later than Aug. 30, 2013 if we attain a minimum of 1,500,000 shares, we will start mining at 10 TH.  One hundred percent (100%) of the mining revenue will be divided equally with shares sold and delivered as dividends for each share once (1) per week.

END OF PHASE I - Hashrate: 10 TH minimum with the possibility of another 25TH+ by September 30th, 2013.


2.) PHASE II - Expansion

After the 10 TH is online, we will enter the second phase. During this phase, we release the rest of the available 5,000,000 shares to acquire guaranteed delivery dates.
We are already in contact with BTCGarden and other companies to negotiate for their TH which will be available in mid or end of September. DATES will be advertised soon.
We will disclose the necessary details in an announcement and release the shares needed to do the purchase. These will be priced 0.0056 or higher per share to allow a significant return on investment for our initial investors.

Our potential suppliers can be any current/future mining hardware manufacturers that will offer competitive pricing.

Once we are established and running, we will not stop seeking to acquire the best priced mining hardware until we have obtained 49% of network strength. This can only be accomplished with your dedication and support.

END OF PHASE II - HASH RATE: Exact hash rate will be available once we have negotiated the price with potential suppliers, but should be well over 100 TH.

3.) PHASE III - Reinvestment Phase

This phase starts when we have achieved the hash rate specified in the end of phase II.

After this threshold, 50% percent of the mining revenue will be retained as a future growth fund.

The details for this will also become available once we have entered phase III.

END OF PHASE IV

Please note that this contract can be changed at anytime if needed for shareholder advantage.

These figures are estimates only. Once we achieve the 10 TH minimum the specific amounts needed for operational goals will be released.

HOSTED-MINING will begin mining no later than August 30th, 2013 with a minimum of 10 TH if enough shares are sold to purchase the minimum 10 TH.

We are currently in negotiations with Alydian, BTCGarden and other manufactures to acquire as much TH as possible.

For every 9 (nine) shares of HOSTED-MINING sold, 1 (one) share will be paid to both Hostedmining, LLC and appA2z.com management as a founder's stake. Please note this is the only compensation we will receive and all operating expenses will be deducted from the dividends paid on these shares.

Please review the following estimation calculator at http://www.coinish.com/calc/ for investment due diligence.

We undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.

Although the Company believes that the forward-looking statements are accurate, there can be no assurance that any forward-looking statement will prove to be accurate.

If the regulators in your region require AML/KYC procedures for certain transactions, you will be asked to provide them at anytime per our request. Any US customers will be required to sign a due diligence statement.

 

Executive Summary  
HOSTED-MINING is a new revenue share organization founded by two companies to enable a reinvestment strategy that will enable a solid return within the first 12 months of operation.

Joe already has an Alternate Coin hosting company in successful operation and has been building custom computer solutions for years. He has founded and ran 3 successful companys over the years and has a strong technical background.

Shawn is the uber alt-coin enthusiast that monitors market trends and solid investment strategies for the future.

 

Business Description  
Hosted-Mining is dedicated to bringing ASIC technology to bitcoin mining at a rapid and predictable rate. We have a set launch date with a strong commitment to rapid growth. Bringing TH online and generating revenue into your wallet within days.

 

Hosted-Mining will stay on the cutting edge of bitcoin mining technology with an aggressive re-investment program. Our goal is to upgrade a Tier 3 datacenter in central Washington State with in 12 months to facilitate further expansion. We believe strongly in using renewable energy sources and being responsible to the environment. These ethics are the foundation of our long term goals and business model.

Definition of the Market  
We estimate that the total network at the end of 2013 with be roughly 2000-3000 TH.

Our goal is to NEVER go above the 49% threshold of total network strength and to sustain a return on investment for all who join us in this exciting endeavor.

 

Upon launch if we acquire 10 TH, Hosted-Mining will have approximately 2.5% of the total hash of the network. With the long term deployment plans of Phase 2 and Phase 3, ect..., Hosted-Mining will operate a minimum of 1% of the total network hashrate to insure long term profits and market stability.

We believe in core value's such as Integrity, Trust and Responsibility to the Environment and Community and plan to actively promote awareness of Crypto-currencies.

 

 

Products and Services  
CHIPS:

They are 65nm chips, and draw 3.5W/GH.
 
"Chips are aggregated into boards with 256 chips per board, and up to 8 boards per 'chassis'."

GUARANTEE

Hashing minimum of 10 TH if sales of shares and negotiations with the contract supplier are successful with rollout date of August 30th, 2013.

Please note that if the initial threshold of 1,500,000 shares sold is not reached, you will be issued a refunded minus the in and out charge from BTCT.co

Pictures will be posted to the forum.

Organization and Management  
Joe and Shawn will respond to all questions and queries on an individual basis.

If queries become overwhelming, an FAQ with the top-ten questions and answers will be posted via the blog.

Marketing Strategy  
FaceBook

Google ads

Forums

Twitter

Word-of-Mouth.

There is not other better way than telling your friends and family via email, twitter and facebook about a great investment vehicle.

Financial Management  
A spreadsheet will be built and shared via Google Docs for all detailed revenue sharing.

well that's exciting.

http://t.b5z.net/i/u/2001091/i/hippysta.jpg

i did a google search this is the best i could find

Well...I should have known better...thanks for the reminder.  8)   

Hi,
If you choose alydian.co what are your ROI / profit projections alydian sells their hashrate for about 70$ GH ( this probably wont return a postive ROI at all)

TERA. If you want to seem btc savvy you should at least try and get the correct spelling on the most basic of words, especially since you felt the need to capitalize each instance of it.

@Floor - The contract in hand states a MUCH lower price structure. Full details will be available once I set the initial price of the shares at www.BTCT.co.

@Rawted  - Thank you. You are correct.

Good question

Bitcoin Blockchain Data
Difficulty: 37392766.136475  
Diff. Increase per day: 1.3753  %
Block Reward:   BTC
Blockchain data provided by blockexplorer.com
 
Utilization
Planned time to mine:  12 Months
Utilization:  100 %
Mining Hardware Data   Alydian ASIC
Mining Hardware:  Hash Rate: 5000000  MHash/s (5 terahash)
Number of units: 5
Investment: 232500
Power Requirements:  0 W
Power Cost:  0 USD/kWh
Exchange Rate:   USD/BTC
Pool Fee:  ? %
Time to Delivery: 2 Weeks
Exchange rate (weighted 24h average) provided by bitcoincharts.com
$100.4
Estimated Mining Results
Initial Coins per Day:  65.90257387
Initial Income per Day: 6589.60  USD
Reduction per Week: 10.3  %
Break-even:  31.9 Days
... considering reduction: 41.9  Days
Income/planned time: 2196850.80  USD
... considering reduction: 269139.94  USD

Remember: "Prediction is difficult, especially about the future"

These are some basic ROI figures for 5 TERAHASH. Depending on the amount that is funded this could be double. What I want you all to understand is that the 1st months ROI are pretty dismal..due to the large required reinvestment program. This is a rapid ramp up program to stay within a certain percentage of total network strength for ...well...ever.
I have some truly innovative ideas about the future distribution of the internet that dovetail nicely with this whole idea.

After meeting the necessary startup goal for funds the 1st month, we will reinvest 70% of the revenue generated into more hashing power. This will continue for 2 to 3 months or until Hosted-Mining is holding approximately 10% of the network strength. We will continue to leverage the profits to maintain this strategic position.

The next difficulty increases is now 30%+, if you compute based on your price, 30% diff increase and the end of August mining start, ROI by mining will never happen.

Looks like that is already built into the calculation of ROI in the form of a predicted daily difficulty increase.

If you mine last week of August, the Initial Coins per Day is around 39 not  65.90257387, so its a different result.

also, the production doesnt get reduced weekly, cuz the difficulty increase bi-weekly.
so calculating using a Reduction per Week of 10.3% is not accurate as well.

Actually with 30%+ increase, next difficulty will be 11 days only.

Watching ;)

we just got a 35.8% difficulty increment. Holy shit...

Due to the sensitive nature of the contract I cant give you exact data on the ROI. Basic figures look outstanding though. Difficulty spikes are going to continue well into the first quarter of 2014 I believe.

I think everyone understands this will not be easy. All I can promise you is that I will do the best that I can.
With a guaranteed launch date and a sizable portion of the network strength I believe we can beat the competition to the punch and establish something very special. Something not just for the quick turn around but a long term viable mining operation that has not only the best interest of the investors in mind but also the environment and the btc community.

The location and infrastructure in the area I want to develop is world class. The power rates are the cheapest anywhere and the community and officials are welcoming companys such as this with open arms. Everything is aligning with this..I just need to have the faith and support of you..the investor.


Sincerely

Joseph Councilman (zif33rs)
Hostedmining

Dubai?

What calculation did you use to come up with 39?

http://btc.re/?t=miningcalc with 30% Difficulty increases.

Wait what ?
Your pulling the plug now because someone decided to buy all shares at once ? :-[

UPDATE to the UPDATE :  see the thread below this one.  8)

Update: I have not heard back from Alydian or Coinlab stating that everything is locked down. I am going to push the revenue share program through and see what happens.

UPDATE : I have reopened this as the contract for the terahash is still available.

I have the contract in hand but there are other interests involved so now is not the time for messing around.
 
I believe in this project 100% if the required funding can be generated quickly enough.. This is possible and could lead to a significant revenue stream for years to come.

Here is what I have. A 10 terahash contract to start mining no later than August 30th, 2013. Any day past the launch date that the contract is not met will be guaranteed with added hashing to make up the difference in lost revenue.

If we are going to meet the required launch threshold we will need to act fast.  This still needs one vote to go live at www.BTCT.co. Once this goes live we probably have a matter of days to get the amount needed or someone else is going to scoop this up.

I am not particularly fond of deals that requires so much haste but this is the real as it gets. I have spent hours in talks with all parties and have spent countless hours reviewing the data and I am convinced this is a solid deal. If you believe in bitcoin and want to get involved into a program with long term goals..this is it.

I know I can secure this contract and provide a long term investment opportunity of staggering proportions with your help.

 

are they using in house chips- have they been tested at all?

what would be the initial price of the IPO, as well as the number of shares you are looking to sell it?

there seems to be a total of 500k shares in total. Not sure what the price is though. I wonder how they plan to have 10TH on line in two weeks...

The contract on BTCT.co states that they will raise 5000 BTC for the purchase. That would result in 500.000 shares at 0.01 BTC in the IPO of which 10% will be placed sight the founders. I assume they just screwed up the wording in the contract and are really raising 4500 BTC if founders keep 10% of IPO shares though.

I cant release specifics of the chips but can tell you yes..they have have been tested and function as claimed. They are a 65nm process and draw about 3.5W/Ghs. Once I have this contract SIGNED, sealed and delivered I will release all the information I am able. The contract has some stipulations about what can and can not be released.

I will provide what I am able to all vested shareholders at the appropriate time.

I have a firm price for the initial offering...I would prefer to get the remaining Moderator vote and just make a general statement at that time.

The contract is quite specific on the roll out date and what happens if the deadline is not met.

Meanwhile, currently at Alydian's offices (http://www.youtube.com/watch?v=-2ZkJd4u0Us)...

Ha ha ha

So we're not allowed to know how many shares will be released for the IPO, or at what price? Also, where are the pictures of the data center?

I apologize for holding so close to the vest..but this is a very serious deal and there are alot of players..if I release to much info I feel as it can cause problems. I am trying to be as transparent as possible but please understand the limits I am under without having this contract signed.



This is what I can tell you.

There will be 500,000 shares available..as per what I have posted. The initial price is going to be .28 per share. We are targeting the 10 terahash threshold as the minimum required to meet the go/no-go clause.

The Tier 3 data center will NOT be disclosed...ever. For obvious reasons. I will provide detailed information on the coming upgrade that will be required.

We need one more vote!

So 500k shares @0.28 BTC puts the evaluation around 140,000 BTC, or 14,000,000 USD. I do believe that's higher than the market cap of ActiveMining, Labcoin, and IceDrill.

Putting that out there just incase anyone was wondering.

Holy smokes.

After visiting http://alydian.co/inquire/ (http://alydian.co/inquire/) it appears that they are the ones offering the hosting, yes?

So they are both developing the chips and hosting them? So this IPO is a group buy for alydian chips - or, so it seems.
I also read in the description that of every 9 shares sold 1 will be held as a "founder's stake". That's 50,000 shares/14,000 BTC/ or 1,400,000 USD however you look at it. But Alydian will be the ones developing, and hosting the chips.

I just want to make sure i have all this correct.

yes

your nick says it all  ;D

Almost.


Not for chips..for working running terahash miners. That I believe will go live on the launch date from everything I have seen. And if not there is a very generous clause to make up the lost revenue.

While I would be deeply honored if this was to fund fully on such short notice I do not expect that to happen. I would however like very much to reach the threshold needed to make this happen and show you what I have in mind.

With that being said, the amount of shares and price set is what we feel the market is looking for.

As for the founders stake...yes. For every nine (9) shares sold one (1) share will be held as a founders share. This is going to cover the costs of well...everything. Administrative cost's, filing fee's, taxes...what ever the partnership needs to cover what is a time consuming endeavor. The acquisition of the new hosting facility and many other long term plans will all be facilitated by the administration of this founders fund.

Please understand that after 12 months..the miners will be looking for a new home. With this in mind it just makes sense that the fund setup and maintain its own equipment at some point.

I will have another update soon...thank you.

You are pricing the IPO at over 20  times what it costs to buy 10 TH from the supplier including hosting and all running costs? I'm sorry but are you quite mad?

Why would anyone in their right mind pay such such a violent premium for you to effectively do nothing and also pay you 10% for the privilege to do so?

That's an outrageous price even for mining operation, but you don't even run your own mining. You just contract it out by buying already running mining.

I can safely say that if the numbers you posted are indeed correct only a fool would buy shares.

I think a 5% sell threshold is quite reasonable. I know the machines are ready to start working in a time frame nobody else can meet. I know there is genuine interest this from many people. I think the long term goals and strategy are solid.

No...not mad at all. Vision I would hope most would call it.

$650.000 investment
$14.000.000 to be raised.
10% go to founders

What?

Please tell me I am doing some kind of horrible mathematical error, and you are not really trying to give a $650.000 investment at 30% revenue share a $15.000.000 valuation in the IPO...

Cause if you raise anything at this valuation I'm calling Alydian ASAP and outbidding you for the equipment and starting a miming operation myself at guaranteed 25% of the valuation of this one at IPO.

You are doing some type of mathematical error...

What operating costs? It's plain as day that the 10 TH contract for August from Alydian includes all running costs!!! You are raising $14 million, to purchase a $650.000 mining contract, with $1.4 million for yourself to sign a contract and send weekly dividends?

Not trying to be harsh but this makes absolutely no sense..

Do you know the sales tax in WA state? 8.9%

Do you understand that the contract is only for 12 months..I would hope the machines can run a bit longer than that. I have a long term plan for hosting. And for investing into alternative energy  such as solar or wind to make the revenue even higher. The location I have in mind has all of this available for the people bold enough to make it happen.

How many 100+ chassis data servers have you put together and how much a month do you think these things cost?  I can tell you.

Pay for additional hosting or provide your own? What makes more sense long term? If we achieve the expectations of phase 2 and 3 there will be a quick need for a 20,000+ sf facility. Perhaps the fund will find a cheaper source of asics during the ramp up phase..and that company does not offer hosting?

I am trying to present what I can do...right now. Not what if maybe months down the road.

So you are buying hardware, not contract mining?
Why does the prospect on BTCT.co state 5.000 BTC as IPO threshold?
Why raise 20x the money needed for purchase AND have a 70% reinvestment fund?

I don't think I am quite understanding so I'll wait for more info before posting any more questions.

Please let me know what more I can do to help you understand.

0.28btc per share with only 30% mining revenue as divined for a 10TH company??
I'd just go buy either basic-mining or cognitive and get twice of your dividend return.
this is an insane price.

1.) PHASE I
30% of all revenue generated by HOSTED-MINING will be distributed to shareholders on a
weekly basis. To ensure that HOSTED-MINING can continue to grow and remain
competitive as the BTC network grows, the 70% of mining revenue will be held in
reserve to purchase new hardware and rollout for PHASE II and PHASE III

2.) PHASE II
The remaining 70% of revenue will be used to cover September 30th, 2013 expenses for an additional roll out of 8-80 terahash.

3.) PHASE III
The details will follow in the next few weeks. We estimate another 100-1000 terahash. We will once again leverage the 70% of revenue. The market is just moving to fast to say that a reinvestment of 30% of proceeds will suffice to position ourselves with the most HASH rate possible.
HOSTED-MINING will begin mining August 29th, 2013 with a minimum of 1-10 terahash if shares are sold to purchase the miniumum 1 terahash.

Not sure if it will be 70% forever.

so u raised 14 million dollars in IPO, and still need 70% of mining revenue to continue your expansion?
insane...
i'd say, if you retain 30%, this price is on par with the other two major revenue sharing stocks.
but, still, its just on par. why should a investor invest in a start-up company if the return is just on-par with a mature/stable company in market? where do you compensate the risk we are bearing to fund you?

"We estimate that the total network at the end of 2013 with be roughly 2000-3000 tera hash.

Our goal is to NEVER go above the 51% threshold and sustain a return on investment to all those who join us in this exciting endeavor.



Upon launch if we acquire 10 terahash, Hosted-Mining will have aproximitely 2.5% of the total hash of the network. With the long term deployment plans of Phase 2 and Phase 3, ect..., Hosted-Mining will operate a minimum of 1% of the total network hashrate to insure long term profits and market stability."


I think between 5-15% is a reasonable figure to shoot for. Once a minimum value is established all extra revenue would be diverted to dividends until such a time as more hash rate is required to meet and maintain that  number.

I have only one question is that you are going to rise 0.28*500,000 *0.9= BTC126,000?
Is that right? or $126,000?

With 10TH u can only mine around BTC1,000, starting from end of Aug. to end of Sept. (assuming a 37% difficulty increase bi-weekly, with a starting difficulty of 70 mil)

So I'm still not convinced why you have raised BTC140,000, but still need 70% of these BTC1,000 (i.e. BTC700) to cover the expenses in September.

I really don't feel the revenue is being shared.

I do understand your plan is big, but here are some of my suggestions.

One way to pay back the initial investors is to fully give out all the mining revenue until a certain major point (e.g. your 80TH in September or even a later point of time), then you can start to retain a certain percentage of the revenue afterwards. Because i don't really think the BTC700 or a few more btc matters if you can get your IPO shares fully sold out.

This way, your IPO shares will be sold much faster, and your investors are also happy with their returns(which is the most important thing).

http://www.youtube.com/watch?v=yqyixwqiCag

Second time you make me spit out my coffee in the morning  :-\.

I'll buy 1 share

The first voice of reason I have heard...thank you. That is exactly what I have planned. Yes...the figures look very scary to some at first glance. But please take a step back and and view the whole picture. I would and WILL gladly give every bit of revenue back to investors as quickly as possible. There is also the point that acquiring as much hash as possible as quickly as possible will lock down a strategic position for a long long time.

IF the fund is fully realized..there would be less need for the massive reinvestment phase and the ratio on revenue would be adjusted accordingly.

This, definitely needs to be stated more clearly in the prospectus.
What is "the ratio on revenue would be adjusted accordingly"? Nothing as this vague should be in the prospectus anyway.
If BTC5,000 is raised, then xxx
If BTC10,000 is raised, then xxx
If BTC50,000 is raised, then xxx
If BTC100,000 is raised, then xxx
If BTC140,000 is raised, then xxx
etc...

Be specific, and include any many cases as you can. A neat prospectus draws investors.

Btw, your prospectus seems so rushed and looks like a draft to me.
Even your share price is not stated there.
It definitely needs huge rework.

is Alydian in Or or Wa?
you should prob figure this out since you may not even have to pay the sales tax you stated

i think all costs you will be factoring and other aspects should be included in your biz plan so people can make informed decision

Thanks...thats solid advice. I appreciate that.

Having a broader set of protocols for operation will enable a quicker reaction to market conditions.


What I feel is the best scenario is basically this. The fund will make a weekly decision on the reinvestment and revenue amount paid to dividends. There might not be hash available for purchase certain weeks.There might be specific buy and launch dates.

This is the main reason for the vague terminology in some points of the offering.


CoinLab is in WA state.

why does it matter where coinlab is?
coinlab afaik is not the parent company and just some "advisors" if that
why not just pay aladyin directly if they are located and hosting in Or

I have a 1-888 number...and I have a NDA in my hand right now along with the actual contract for these miners. I would be happy to fax the NDA to you and have you sign and get it notarized and fax it back to me. Then I would be free to give you the information you are looking for.


Look guys..all the pieces of this puzzle are right in front of you. I am not trying to conceal anything or mislead you. This is where the term Due Diligence comes into play. I am under contractual obligation NOT to reveal to much until the sale is completed.

Still, i don't understand why you care about those couple of hundred coins if you have over 100K coins in hand. You even want to adjust your revenue amount paid to dividend weekly?
You are a revenue-sharing company, you know this will make ur share price extremely volatile.
This doesn't sound well planned to me at all.

So would you mind telling me why I should invest in you rather than IceDrill or Labcoin?

At the currant evaluation Hosted-Mining has a greater market cap than both IceDrill and Labcoin combined...by over 43,000 BTC. So, i guess that means they should have more hash power then IceDrill and Labcoin combined...plus 43,000 BTC. With that 43k BTC would could actually afford like two more Labcoins.

Hosted Mining = 1IceDrill + 3Labcoins + 10,000 BTC.

Anyone know how much hash power that is?

1. Because I have an actual roll out date and contract in hand to put miners to work faster than anyone else.

2. Because I have the infrastructure in place to do this right now. The Plan, the financial management team..the attorneys..the location to start hosting, ect.

3. Because I am firmly established in the community and located in the same state as the contract supplier. This provides outstanding stability, security and a unique opportunity to make a world class mining center in a location that is remarkably suited for something just like this.

4. Because I believe that I have the right moral character to take on the responsibility of such a large and long term project and do the right thing.

5. Because I believe in bitcoin and everything it stands for and want the opportunity to promote its usage to the public globally.

WTF I like your attitude and I like your avatar, I am in!! :P

Thats a start.  :)



UPDATE: After careful review I have updated the terms of the offer at www.BTCT.co.


Introduction

HOSTED-MINING was created between one US and Canadian company to offer the very first GUARANTEE revenue-share HASHING date of August 30th, 2013 for investors with an easily accessible investment vehicle without the large upfront cost of actually buying the hardware, monitoring and paying for electricity.

There are 3 Phases for roll out of a minimum 10 terahash by August 30th, 2013 with a GUARANTEE of additional terahash if the roll out is not met by this date to compensate for the difference of hashrate for days missed. The more shares that are sold, the more terahash we can obtain for everyone.

1.) PHASE I - Initial Offering

Initially, we will release 250,000 shares out of 500,000. They will be price at 0.28 per share.

100% of the mining revenue will be delivered as dividends to these 250,000 shares in this Phase.

END OF PHASE I - HASHRATE: 10TH



2.) PHASE II - Second Batch Offering

This phase won't start until we have at least tripled our initial hashrate. Upon reaching this point, the rest of the 250,000 shares will be release to the market.

The expected hashrate increment by September 30th, 2013 will be around 25-80TH (i.e. total hasrate: 35-90TH). The batch two offering share price will scale with the hashrate we obtained at that point of time.

We will not retain any mining revenue until our company doubles our Phase II hashrate. i.e. 100% mining revenue will still be delivered as dividends to all 500,000 shares in Phase II.



END OF PHASE II - HASHRATE: 35-90TH



3.) PHASE III - Reinvestment Phase

This phase starts when we reach 70-180TH(depending on where we are at end of phase II). After this threshold, 50% percent of the mining revenue might be retained as growth fund.

The details for this phase will follow in the next few weeks. We estimate another 100-1000 terahash.


END OF PHASE III - HASHRATE: 135-1090TH

The 2nd set of 250k will also be at 0.28BTC/share ?

Do you plan on making an announcement before dropping the 250k shares on the market in the 2nd phase? 

There will be a release statement for the second phase.

Is all of the funds raised raised from IPO being spent to buy mining?  Or is some being taken as management fee?

In places the contract reads as though investors are buying shares in a company, in other places as though they're buying some sort of PMB with reinvestment.

You're asking in phase 1 for 70K BTC and in return saying investors get 10TH.

What happens with the vast majority of that 70K BTC that isn't needed to buy 10TH?

The maths just don't seem to add up on this.

To triple their hashrate I guess? It says in the Phase II plan.

Well it's confusing as it's not clear whether phases relate to roll-out phases or funding phases.

If they only have a contract for 10 TH then surely they should only be raising funds for 10 TH in the first phase.  There's way to much ambiguity in the contract as well as weasel words like "a minimum of 1-10 TH" - which means what?  A minimum of 1 TH or a minimum of 10 TH?  A minimum should never be a range.  Do the suppliers only have to provide 1 TH not to need to provide compensation?

What happens if they don't sell enough shares on time - is the IPO cancelled and funds repaid?

If the extra cash is for expansion then do they have guaranteed commitments for delivery dates of the rest?  If not, and they fail to obtain such contracts, will those portion of funds be returned to investors?

Why are shares being used to represent management fees?  Management fees should be taken from profit (ideally) or revenue - not by being handed equity ownership from the start.  What happens if the fund has to refund capital due to closure or inability to deploy extra capital - would those refunds be shared across the management shares as well?  If management were to change how can than be accomodated when there's no provision for management fees?

etc.

It just seems a hastily cobbled together aggregate of all the bad bits from various other companies - operated on the assumption that noone will mind giving away 10% of their investment in return for someone running a pass-through to someone else actually operating a mining investment.  And the free shares model IS giving away capital not a portion of earnings.

Just to explain to you how the math doesn't add up.

Alydian charge $650k (about 6.5K BTC) for 10 TH with all expenses paid for 1 year.

So 70K BTC would buy over 100 TH.

Yet their plan doesn't anywhere suggest that much being deployed before they need to ask for more funds.  Why would they need more funds if they'd only deployed 10TH or 30TH and still had most of the 1st-phase IPO funds left?

Even if they don't plan on pocketting some of the IPO cash, their plan still ends up with most of it sitting around unused for months AND them trying to raise more before before they've even used the initial batch.

At best it's just someone trying profit from the gravy-train that is exploiting investors with a half-baked plan.  At worst it's a scam attempt that's not even very well disguised.

+1

You have explained nothing. You did not even bother to read the through the offer and understand it.

Spending $650000 to buy 10Th/s cannot break even with the current difficulty increasing rate, even the electricity and maintaining is free. Have you realized it?

With current difficulty, even assume it increases 25% every 12 days. That is the value decrese 20% every 12 days. To compensate it, the mining income in 12 days should be at least 1/5 of its total value. therefore, the value of 1G is 5 * daily mining income * 12 = 60 * 0.0098 = 0.588.

650000 / 10000  = $65/G = 0.65. Why do you launch a huge IPO based on a contract losing a lot of money?

Because he didn't understand how to use the mining calculator.


He entered details for FIVE units at 5 TH each and mistakenly assumed that was 5 TH not 25 TH.  Then wrote up an IPO based on accidentally looking at the returns from FIVE times as much hashing-power/$ as he'd actually get.

The whole IPO is based on inability to use a mining calculator correctly.

Quoting the whole thing for posterity - so there's no denying later that the whole initial estimate was based on a typo.

Seriously...please reread through it.

https://btct.co/security/HOSTED-MINING (https://btct.co/security/HOSTED-MINING)


"Please note that if the initial threshold of 5000 BTC is not reached,..."

You want to raise 70K for 10TH hashrate, it means 7BTC per GH.Even sacled up to 20TH, it is 3.5 per GH without 2 batch shares.

With current diff,  1GH can mine 0.01 BTC, 700 days to mine 7BTC, 350 days to mine 3.5 BTC.

It take one year to earn back investment in best good luck, without diff increase, without power cost,double initial hashrate.

I would like to offer 3BTC/GH host mining service to you interested, then put the raised BTCs to CoinLender to earn 30% APR, pay dividends every day with no cost,no fee.

Anyone interested,pls PM me.

I think we have already negated his calculation way before you noticed, a lot of assumption he made in this rough calculation is wrong.

However, looking at the new prospectus, it can be easily calculated that, at 0.28/share, we are buying 142MH/btc, which is obviously a better deal than both bASIC-MINING and COGNITIVE at their current share prince, which both give around 50MH/btc.

Would very much like to see a recalculation of the ROI with the correct math.

PHASE I
250,000 x 0.28 = 70,000 BTC or $7Million USD @ $100=1btc

Alydian ASIC price 5TH = $232,500

$7 Million divided by $232,500  = 30 ASICs with total 150TH

You said minimum HASHRATE: 10TH

you probably missing a zero either in TH or in IPO price?

I think I found the guy that runs hosted-mining
http://www.youtube.com/watch?v=vKFJ_AI3PWA (http://www.youtube.com/watch?v=vKFJ_AI3PWA)

overvalued much?   :D

http://www.youtube.com/watch?v=toqAQNOXLV4 (http://www.youtube.com/watch?v=toqAQNOXLV4)

anyone else have some dragons den / shark tank favorites involving people trying to sell fecal matter to investors?   :D

Smells like scam! >:(
Is it possible that someone buy enough  LTC-GLOBAL shares to approve its own IPO. Burnside may need to review this policy.
Those who approve the IPO must buy in a proportion of the IPO shares, which would be locked for a period a time.

UPDATE :  I just edited some of the wording on the prospectus.



Introduction


HOSTED-MINING was created between one US and Canadian company to offer the very first GUARANTEE revenue-share HASHING date of no later than August 30th, 2013 for investors with an easily accessible investment vehicle without the large upfront cost of actually buying the hardware, monitoring and paying for electricity.

There are 3 Phases for Rollout of a minimum 10 terahash by no later than August 30th, 2013 with a GUARANTEE of additional terahash if the rollout is not met by this date to compensate for the difference of hashrate for days missed. The more shares that are sold, the more terahash we can obtain for everyone.

1.) PHASE I - Initial Offering

Initially, we will release 250,000 shares out of 500,000. They will be price at 0.28 per share.

If the equivelent of 5,000 btc worth of shares or more are sold, we will go ahead and sign the contract. We will then start hashing by no later than Aug. 30, 2013.

If all 250,000 shares are sold, we will be working towards obtaining the additional 80+TH  and to prepare for phase II.

Starting from no later than Aug. 30, 2013, 100% of the mining revenue will be delivered as dividend to these 250,000 shares.

END OF PHASE I - HASHRATE: 10TH + funds for additional 80+TH

 

2.) PHASE II - Second Batch Offering

This phase won't start until we have obtained at least the additional 80TH. The expected time for this to happen is around Sept/Oct 2013. Upon reaching this point, the rest of the 250,000 shares will be release to the market.

Before offering batch 2 shares, we will have an announcement notifying all shareholders of the upcoming release.

The details for the funding raised for this will come out together with the phase III plan, and definitely before announcing the release.

The batch two offering share price will scale with the hashrate we obtained at that point of time.

We will not retain any mining revenue until our company has doubled our phase II hashrate. i.e. 100% mining revenue will still be delivered as dividend to all 500,000 shares in phase II.

END OF PHASE II - HASHRATE: 90+TH + funds for future growth. (The details for the growth plan will follow in the next few weeks)

 

3.) PHASE III - Reinvestment Phase

This phase starts when we reach 180TH. After this threshold, 50% percent of the mining revenue might be retained as growth fund.

The details for this phase will follow in the next few weeks.

END OF PHASE III - HASHRATE: 1000+ TH

These figures are estimates only. Once we achieve the 10 terahash minimum the specific amounts needed for operational goals will be released.

HOSTED-MINING will begin mining no later than August 30th, 2013 with a minimum of 10 terahash if enough shares are sold to purchase the miniumum 10 terahash.

We are currently in negotiations with http://alydian.co backed by no other than CoinLab.com.

For every 9 (nine) shares of HOSTED-MINING sold, 1 (one) share will be paid to both Hostedmining, LLC and appA2z.com management as a founder's stake. Please note this is the only compensation we will receive and all operating expenses will be deducted from the dividends paid on these shares.

Please review the following estimation calculator at http://www.coinish.com/calc/ for investment due diligence.

We undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.

Although the Company believes that the forward-looking statements are accurate, there can be no assurance that any forward-looking statement will prove to be accurate.

If the regulators in your region require AML/KYC procedures for certain transactions, you will be asked to provide them at anytime per our request. Any US customers will be required to sign a due dilligence statement.

 

Executive Summary   
HOSTED-MINING is a new revenue share organization founded by two companies to enable a reinvestment strategy that will enable a solid return within the first 12 months of operation.

Joe already has an Alternate Coin hosting company in successful operation and has been building custom computer solutions for years. He has founded and ran 3 successful companys over the years and has a strong technical background.

Shawn is the uber alt-coin enthusiast that monitors market trends and solid investment strategies for the future.

 

Business Description   
Hosted-Mining is dedicated to bringing ASIC technology to bitcoin mining at a rapid and predictable rate. We have a set launch date with a strong commitment to rapid growth. Bringing terahash online and generating revenue into your wallet within days.

 

Hosted-Mining will stay on the cutting edge of bitcoin mining technology with an aggressive re-investment program. Our goal is to upgrade a Tier 3 datacenter in central Washington State with in 12 months to facilitate further expansion. We believe strongly in using renewable energy sources and being responsible to the environment. These ethics are the foundation of our long term goals and business model.

Definition of the Market   
We estimate that the total network at the end of 2013 with be roughly 2000-3000 tera hash.

Our goal is to NEVER go above the 51% threshold and sustain a return on investment to all those who join us in this exciting endeavor.

 

Upon launch if we acquire 10 terahash, Hosted-Mining will have aproximitely 2.5% of the total hash of the network. With the long term deployment plans of Phase 2 and Phase 3, ect..., Hosted-Mining will operate a minimum of 1% of the total network hashrate to insure long term profits and market stability.

We believe in core value's such as Integrity, Trust and Responsibility to the Enviroment and Community and plan to actively promote awareness of Crypto-currencies.

 

 

Products and Services   
CHIPS:

They are 65nm chips, and draw 3.5W/GH.
 
"Chips are aggregated into boards with 256 chips per board, and up to 8 boards per 'chassis'."

GUARANTEE

Hashing minimum of 10 terahash if sales of shares and negotiations with http://alydian.co are successful with rollout date of August 30th, 2013.

Please note that if the initial threshold of 5000 BTC is not reached, you will be refunded your shares minus the in and out charge from BTCT.co

Pictures will be posted to the forum.

Organization and Management   
Joe and Shawn will respond to all questions and queries on an individual basis.

If queries become overwhelming, an FAQ with the top-ten questions and answers will be posted via the blog.

Marketing Strategy   
FaceBook

Google ads

Forums

Twitter

Word-of-Mouth.

There is not other better way than telling your friends and family via email, twitter and facebook about a great investment vehicle.

Financial Management   
A spreadsheet will be built and shared via Google Docs for all detailed revenue sharing.


---------------------------------------------------------------------------------------------------------



Please stop quoting out of context and take the time to read through it again. Then feel free to post your constructive criticism.


Thank you

Okay maybe it's not so bad after all.. I'll throw some coin at it

If it ever gets that last vote  ::)

Thought you just said you were all in with active mining?  :-\

with BTC, yes.  But I can buy more  ;)

come on, last vote, any mods online?
i've got my coins ready.

5,000 BTC is ~17857 shares. That's 14% of the IPO. The prospectus does not indicate what is to happen if this value is reached, yet not all 250,000 shares are sold. The conclusion I'm drawing is that if all 250,000 shares ARE NOT purchased then phase II will never be reached. What is the middle ground?

What is the lead time on the ASIC miners beyond the first 10TH?
How is your guarantee going to be met if the miners are not hashing on August 30th? How is this going to be funded?

Q1: Could you get  a big discount from Alydian?

As I pointed out, if the price is $650000 for 10T, it will not even break even, let alone any profit. If there's a big discount, the investor needs to know about it before give out any money.

Q2: How do you get the another 80TH? Still from Alydian?

If the whole plan all depends on the big discount of Alydian, it only make sense you are part of Alydian. Otherwise, why Alydian does not do this thing themselves?

=)))

"If the equivelent of 5,000 btc worth of shares or more are sold, we will go ahead and sign the contract. We will then start hashing by no later than Aug. 30, 2013.

If all 250,000 shares are sold, we will be working towards obtaining the additional 80+TH  and to prepare for phase II."

"2.) PHASE II - Second Batch Offering

This phase won't start until we have obtained at least the additional 80TH. The expected time for this to happen is around Sept/Oct 2013. Upon reaching this point, the rest of the 250,000 shares will be release to the market.

Before offering batch 2 shares, we will have an announcement notifying all shareholders of the upcoming release."

I guess he said 5000BTC, not $650,000. He did get a discount.

Alydian are selling at prices where there's little if any profit at all for purchasers.  They won't sell at prices where a decent profit could be made - as it would then be better for them just to borrow the money themselves.  When you take something that will make hardly any profit (if any at all) then add on a further 10% management fee you end up with something that's just not a decent investment.

And that's why he can't post new calcs with reasonable figures - as if you look at them you find that at best it makes a tiny profit and at worst a fairly significant loss for investors.  And that's without even taking into account two layers of CP risk.

@deprived    This is just not true. You are making a lot of assumptions on the price point. The exact figures will be disclosed to shareholders once the contract is signed.

I don't know if you understand why the prospectus is unclear.

You make promises for 2 landmarks: ~17857 shares, and 250,000 shares. The way it's worded you have no obligation to the shareholder beyond 10TH until all 250,000 shares are sold.

What is going to happen to the shareholders money if the IPO is not completely sold?

And I understand that you expect phase II to start "around Sept/Oct." I'm asking about lead time because we all know how critical 2 weeks can be. Do you have a lead time from the time you put the money down till the time the ASIC is shipped?

I simply made the assumption that the price point in the example calc you pasted of $232500 for 5TH was correct.  If that wasn't correct then what was the point of you posting it?

Your OP indicates that potential investors should conduct due diligence and you give a link to a mining calc.  How do you expect them to do that at all without a price?

Given that you posted an entirely incorrect calc yourself maybe you can appreciate why noone is too keen on just taking your word that it's profitable - how are we supposed to know you didn't screw up again?  Or that you're using reasonable projections for future difficulty?

"Give me millions of dollars THEN I'll give you the information to work out whether you'll make a profit" is just the wrong way round.

If you're going to guarantee you've correctly calculated it - and make good any short-fall yourself - then that's different.

If you aren't going to provide sufficient information for investors to work out the profitability or otherwise then please:

1.  Make a clear statement that you've calculated it will be profitable.
2.  Make a clear statement that you accept you aren't providing investors with sufficient information to verify the veracity of #1.

Then at least if you're wrong investors have a solid basis for action against you.

You can't on the one hand ask investors to do due diligence then on the other deny them the information to do so.

I apologize if it seems unclear or vague. I think it states whats needed and expected pretty clearly.

We need to hit the 5000 btc threshold...TODAY. Or within a few days at the very latest. These contracts are live and its first come first serve.

If the launch landmark is met and all shares are NOT sold we will make a motion asking that dividends be paid out to only the active shares or something to that effect. The management of the fund will be as simple and as transparent as possible.

@LOL   Your right..2 weeks is along time..especially with other vendors on the verge of rolling out products as well. That is why the Share is trying to gather a larger amount than is strictly needed, so it can leverage that buying power to obtain the best deal available for the investor. Between now and October its hard to say which manufacture is going to be selling the cheapest terahash.

I dont have any of those contracts in hand...I have this one 10TH contract..waiting to be signed. I can guarantee that it will start mining no later than August 30th. If this deadline is not met then additional TH will be provided to cover the difference at NO CHARGE to make up the lost revenue. If we generate more than is needed to lock down this deal and have enough to bid on more terahash that will have to be discussed. I believe if the offer funds fully I can get additional terahash immediately from Alydian but that would involve separate contracts.



1. I personally promise that the numbers we have calculated for this revenue fund are profitable to the best of my knowledge if we obtain the figures to launch phase I.      Is that clear enough?

I also personally promise to show any investor a spreadsheet with those figures once the contract is signed. Further more I give everyone my word this is as a legitimate a deal for the immediate roll out of asic miners as I have seen. I promise to be available to deal with any issues. I also promise to not bail out if it gets rough or there are problems. I am putting my personal and business reputation on the line for this. This plan has long term goals and investment strategies that no one else is even talking about.

All I am asking for is trust, some vision, or "madness" or what ever you want to call it, to get this live and see what the investors say.


 

How soon will this be available on BTCT?

It still needs one more shareholder vote to go live. I take it in a very positive light that after this much time there are no negative votes and only 2 who have abstained. I am working on providing everyone with more specific details about phase 2 as well and hope to have that updated on the listing by this evening. Thanks

I for one would like to see it get approved, just to see what happens. Have to be running low on moderators by now though  :-\

Your slightest whim is my greatest desire.  :)   The share is going live within the hour.

Let the fun begin  ;D

Purchased

I see a huge problem releasing this many shares with the intention of only raising 5000btc to start..
you're narrowing the interest to only long-term investors.  You need the short term ones too.  Speculators aren't going to buy in just to watch the other 230,000 shares just sit there while the share price does nothing.  
If you needed 5000 BTC to get started, then you should have started with a 20,000 share IPO.  That would have caused some excitement...

Because of this method, we are going to see zero action.  

Yup, there is a slight lack of incentive for early adoption in the shares. Starting off with a very small offering of shares at a lower price might have worked better. Everyone wants to see the huge returns from early adoption. An IPO of 50,000 shares at 0.1 would have created a mania. You could have always issued the remainder of the shares at the .28 (or higher) at a later date once everything became more established.

I'm the type to wait till they are almost sold out to buy.  I'm sure alot of others do too.   Since you are on such a short time frame, maybe there is something you can do as an incentive.

their goal isn't to "sell out" with these shares before September, it's to sell ~20,000 shares to fund their first 10th/s..
so they would get the funding, and than the rest of the shares would sit there for months before "selling out" for the next phase
this sounds so boring that most investors here are not going to bite.  
No action = no buy.

Truth, I wasn't aware that only the 20,000 shares were necessary for the funding.  If you switch to just 20k shares for the ipo then put the rest at a higher price you will see some fun stuff happen.

The only way this method would work is if they get some big whale investors.. but whales like to know more numbers.  Just look at kevin O'Leary  :D You would never be able to convince him without a full profit projection, or at least show a range of possible profit scenerios..

Good luck getting the whales to bite though.. 

Everyone sitting on the sidelines waiting to see what happens would be forced to jump in or miss out.

people who miss out will just buy in for a higher price, and this is what drives share prices up.  Then you release the second IPO after.. that's how its done

Unfortunately that's not how it was done

I seriously want to know the thought process that any investor has when he buys in at this IPO that suggests the market value of this company that currently hashes at 0 TH/s is 14 million dollars.

Can it still be done?

Sure, but that would mean cancelling the IPO right now, completely revising it, and then getting it approved again.  This would all eat up valuable time and so it could be too late.  They should have had someone on their team who know what they were doing with issuing shares, because this is a complete failure right from the start.

I'm not touching this one.  Show us a contract for a whole 90-100TH and then maybe people will start to bite.

Couldn't he just get the shareholders to vote on it. Its only like 200 shares out there.  :P

You can revise terms and issued shares but it needs approval I think

As a share holder it would be in their best interest.

even if they were to change the price of the share to 0.1 per share, they need to compensate those who bought the initial share at 0.28

only bought 1 share so far, i need to wait first before i can invest dozens of it

I dont see why they would need to change the price of the shares, just have less shares available at .28  I dont think any shareholder would disagree.  Not sure if thats allowed though.

okay so reduce the number of shares available at the price .28, once the 1st batch of share is done, the next batch price should go up a bit

thats fair enough

Hey..sorry folks..emergency on the farm..had to reboot everything. Hostedmining customers..I apologize for the unexpected down time. Everything is coming back up now.

I will gather up the questions that need to be addressed and have a response shortly.

Thanks

You are absolutely right. I did not take it fully in to consideration I guess.  I would like to propose a change to make the release the 20k share for phase 1 with the second release to come after the 10th start to produce.

I am not sure the fairest way to go about this. I made a news announcement to stop trading in a few minutes so we can figure it out.

Thanks everyone.

First dividends to the first 20,000? ;D

I don't know much about IPO's it seems like you should at least give a price that you will release the second batch at.  I've noticed some problems when companies say they will release a second batch with no price being shown.  Crypto-Trade for example has a few batches I believe and he tells you the prices of each batch. Once you are hashing away, your other batches will sell like hotcakes, the goal is to start hashing ASAP. 

Again I am not an expert on any of this stuff, so want to see other people's ideas.

I have stated that we will release a price structure for the next batch of shares. I think that is most fair. Give a set time and date along with the expected release price.

Cool I will invest now. 

2 questions first I'm not sure if they've been answered in this thread yet.

1. Are you paying them with BTC or do you have to convert?

2. Have you been to this place and seen it with your own eyes?

1. If we reach the launch threshold we will be paying in btc. :)

2. I have not. But soon as we reach launch I will make that request. I can literally almost look out my front door and see where it is. Its straight across the sound from me.

3. I do have unedited photos from Jinyoung of CoinLab showing the chips and board.

I have revised the Prospectus to the following terms and updated the front page.

1.) PHASE I - Initial Offering


Our offering will be in two major batches, both of which contains 250,000 shares.   Initially, we will release 20,000 shares of the first 250,000. They will be price at 0.28 per share.

If the equivalent of 5,000btc worth of shares(17858 shares) or more are sold, we will go ahead and sign the contract to get our initial 10TH. We will then start hashing by no later than Aug. 30, 2013.
If we failed to raise 5,000btc by Aug. 30, 2013, all btc from investors will be returned minus transaction fees.

Starting from no later than Aug. 30, 2013, 100% of the mining revenue will be divided equally with shares sold and delivered as dividend for each share weekly.

END OF PHASE I - HASHRATE: 10TH


2.) PHASE II - Expansion

After the 10TH is online, we will be entering the second phase.    In this phase, we will hold on to the rest of batch one shares(230,000) until we have some firm deals available.   We are already in contact with BTCGarden to negotiate with their hashpower that goes online in mid September. Once we have some contract in hand, we will disclose the necessary details in an announcement and release the shares needed to do the purchase.   These shares released will be priced higher than 0.28btc/share to give an advantage for the initial investors.
We were once BTCGarden's shareholder, so as promised, we can get a discount on their 0.45btc/GH price. Also, we are going to order a large batch from them, we confident this can lower the price even further.    However, Alydian and BTCGarden are just our start. Our potential suppliers could be any current/future mining hardware manufacturer that could offer a competitive price.

Once we are established and running, we will not stop seeking for best priced mining hardwares in large batch until our first 250,000 shares are issued or we have obtained over 51% hashpower of the network.
END OF PHASE II - HASHRATE: Exact hashrate will be available once we have negotiated the price with potential suppliers, but should be well over 100TH.


3.) PHASE III - Second Batch Offering

This phase won't start until we have depleted the fund we raised from our first 250,000 shares.   The releasing process will be similar to phase II.
We will not retain any mining revenue until we have doubled the hash rate in the end of phase II using the fund from the second batch.

END OF PHASE III - HASHRATE: Exact hashrate will be available once we have negotiated the price with potential suppliers.


4.) PHASE IV - Reinvestment Phase

This phase starts when we have doubled the hash rate specified in the end of phase II.

After this threshold, 50% percent of the mining revenue will be retained as growth fund.

The details for this phase will also be available when entering phase III.

END OF PHASE IV

Ok folks..We are almost at 10% of whats needed to achieve launch. Not bad for the first night.


Again I thank everyone for the awesome ideas and support you have shown this project. Its very humbling.


I am going to bed but will be up first thing to answer any questions and to talk about getting this contract signed.

Good night.

this is hilarious, no wonder burnside is so adamant about calling his exchanges a game: you have to pay to play!

I'm never selling my litecoin global shares as long as this continues lmao

Bought 5!

Thanks!

I cant sleep..to excited. Curious to see how the reception is on the other side of the globe. :)

I sold all my ActM crap and used the refund from BTCGarden...that made the astronomical amount of 1.4BTCs - I wish I had more lol

hm this is expensive

they need 500,000 usd to get started?

I'm sad to tell you,you will lost your translation fees. ;)

With all the problems with amateur btc and cryptocoin start ups/IPO and young companies, we have to appreciate the communication and willingness to listen to critics and make changes on short notice.  Dealing with a publicly listed company would be nothing like this I'm sure, unless you were a huge investor or friends with the heads of the company. 
I like the pace that the cryptocurrency community moves at, and having input like this at this stage makes things that much more interesting. 
Still not convinced in this venture, but good luck.
Peace.

Staying in Active Mining falling would cost more!

I still think the first 20k shares should be entitled to the first round (maybe week) of dividends. If you want to fill the IPO as fast as possible just give buyers the motivation. Hosted-Mining could be mining by the end of the week with the right amount of incentive.

Thank you for the encouraging words. I strongly believe in companies/corporations having  a grassroots connection to not only their investors but the community's they are operating in as well. I am not sure where it got written in that they have to be so monolithic in nature.




That is correct. That is the "rough" amount needed for me to feel comfortable signing this contract and get the rest of this project started.



OK..a few hours sleep and I feel refreshed..lets see whats up this monday morning.

Update : 11:08


I just got off the phone with the seller. I tried to negotiate purchasing 1 TH blocks as we are close to having enough for 1 TH now. They do not want to release anything less than 5 TH per contract which at least is a movement from the 10 TH.

More updates to follow.

You're going to let this things die in the water if you don't offer some more incentive.

I hear you. I am just not sure what to offer at this point. We need to sell about 8500 more shares to get a 5 TH contract. If I make a motion to pay out the dividends to only the first 20k shares is that something worth discussing?

I think that's the only way. Right now the only thing HM has going for it is the ability to jump in quick and start hashing before the other big players get started. The price was started so high that it doesn't offer much growth, but instead that could be made up for by the promise of dividends before the others.

Shawn and I and the rest of the team are having a executive meeting in less than 4 hours to discuss what is needed to fulfill our goals. I will have a update following shortly afterwards.

Great, always attack first!

I haven't read through this thread yet so I'm probably missing something...or at least I hope I am, but you're saying you need to sell 8500 more shares to activate a 5Th contract?

1500 + 8500 = 10k(shares) * .28BTC = 2800BTC

Perhaps the contract is better left unsigned?

I'd say you're on your last chance to make it happen right now. But at some point (soon) you will have to decide when it's over, and give the people back their BTC. I don't think it would be fair to the people that invested to have their funds unavailable for two weeks if it's obvious the effort has failed - that would just be insult on top of injury.

Ill have funds ready in 1-2 days to maybe purchase 100 shares, but ill need some additional convincing  :-\

I think the contract is worth signing or I would not be doing this. I think you can see by whats been raised so far that there is genuine interest.

I know what we need to get and its somewhere between 7500 to 8000 shares IF we only want to launch 5 TH. 15500 I think will be real close to what we need for the 10 TH. And just so we are clear..there is a price difference between 5 TH and 10 TH as well.


I am sorry for all this cloak and dagger BS..but with other people waiting to jump in I have to very cautious. I can promise you this...once the contract is signed I will show every investor the exact figures and how I got them and what I would like to do next. If any of you wish to sign a NDA I will show you now.

I am also asking those of you with experience to please help me not fuck this up. I have all the pieces to the puzzle here in front of me. I know I can do this in a wise and prudent manner to maximize everyones profits with a little help.

Thank you

So..after some nice talks. This is what we came up with.





Let us help you to do the calculation and make it simple.

For Phase I, the 20,000 shares will get all revenue from 10TH as dividends, which is equivalent to saying that they will get 500M hashpower for just 0.28btc!
i.e. As low as 0.56btc/Gh for an immediately available miner without having to set up and worry about future maintenance and with zero electricity cost!(This is all on us.) There is nothing like this u can get anywhere else in the market!

Buy it now and start hashing before the next 35% difficulty increase.




EDIT: Also..I wanted to add this clip from the conference

"I think what I will be talking to Shawn about is:

We collect 18,000 shares. And make the purchase. After the contract is signed, we disclose the actual btc paid for the 10TH according to the contract. After that, whatever amount of btc is left in our pool, we will be paying these spared coins along with the first-week dividend to our earliest adopters to ensure they are getting the lowest possible hashpower/btc.

Let me know what u think. I will make a call after I'm back to my hotel.

Thank you,
Kevin"

This is from our CFO to me.


And on a personal note. This whole thing is like bitcoin to me. Its not going to be like it was. This is a going to be a innovative and productive fund of which the likes have never been seen before. We are going to transparent and forthright with our investors. We take our obligation and responsibility seriously.

I do not see how 500 MH/s for .28BTC is a good deal at all. With .28 BTC you can get upwards of 450 MH/s right now by buying overpriced Perpetual Mining Bonds.

soooo, 0.56btc/gh?

I'll just wait for my 30ghash share from the KNC groupbuy to start running then

How long? You could be hashing a return in less than 11 days.  :(      With more hashrate expected before that even comes online.

quick summary, who is providing you with hashing hardware? what are the specs of the hardware units

You can buy an ASICminer USB that ships instantly that will produce the same hash/price ratio as Hosted-Mining.

I think this information are in the first post.

alydian.co and other manufacturers, got it, well thats interesting I suppose, but its only if they get 5000 bitcoins

In 24 hours we generated over 400 coins organically...we can still do this.

Ok, so after reading through 9 pages, here's my take on things:

1. You have no idea what you are doing.
You so desperately just want to get something going, that you are all over the place. Credit to you for listening to the community and being willing to adjust, no problem there. But you are going to extremes. Started off with 250,000 shares, then changed to 20,000. Trying to offer more and more to get people interested, and still no buyers.

2. The price is too high
I get what you are trying to do, but the price is simply too high. That is why you are trying to squeeze more and more benefits in, yet no one is biting. No matter how you work it, the price is too high for too little return ... not to mention, that figures aren't actually being made available to begin with.

If the price is too high, very little else will compensate.

3. Too much 'trust me, I can do it', and not enough realistic varifiable data
Yes, you are keen and ready to go. Great. But 'trust me' is not good enough. Not with such a high price and no concrete data.

All in all - too costly, too vague, too much jumping around and too risky for too little return.

My 2 satoshis

Sad part is he's probably going to drag everybody's BTC to the end of the month even though it's not going to happen. Turning his back on the few people that were going to give it a chance to protect his ego. I don't have anything against the company or the creator, but lets be honest..it's not looking good. It was really a great shot though. If things look as stagnate as they do now in a couple day, then the IPO should be cancelled so share holders can pursue other ventures. Don't punish the people that gave it a chance.

+1

Man..tough crowd. I am not going to drag anything anywhere. Listen guys..the data is real..its better then stated even. I cant release it..I was specifically asked not to. How to deal with that?

I am trying to collect my thoughts to respond to your queries intelligently.

what hashrate? you know the moment you informed all the potential shareholder in your news that its gonna be 0.56btc/gh, everyone's initial interest just went downward spiral, including mine as well

The deal could've gone much better if the price of btc/gh was around the range of 0.1-0.2, but now, as what the other poster said, this is just like buying usb eruptor with hosting service

i sold some shares from dms.mining that has made me 0.3btc profit just within days (dividend + sells) just to buy one of your share, but now i'm having a second thought about this

best of luck

1. I have an idea. I have a contract also. I apologize for the launch..your right..I didnt know enough at the time. I think people are satisfied with the changes and how I went about it. I will do better in the future.

2. This is what everything is all about. The price. I was asked not to release the actual data on this. I am respecting that. I am scheduled to meet up with Peter Vessenes tomorrow here in Seattle to discuss some specifics about this. I hope afterwards I can be a little more forthright about the exact price on this contract.

3. Again..most of this relates to the price not being able to be specifically mentioned. So..the trust.


I will not drag this out if we miss the needed amount to launch.

I am asking all of you for abit more patience and let us see what tomorrow brings.

Goodnight

give this guy some time - and hopefully we'll be able to verify more info as it trickles in

people are so yappy -if someone wants to get out ASAP for whatever reason just place an ask right below his wall and get it over with

+1

18536 unsold shares since... 8-12 hours ago?

this is badddd

Its not over. Relax everyone...this is like a game of musical chairs...right now everyone is still looking for a seat.


We are pulling out all the stops today to get this going. I will have an update for you this afternoon.

You seem to be treating this IPO as though it's a pot of gumbo and if you tweak the recipe just right then it'll come together. You're trying to raise thousands of bitcoins from investors that have no reason to trust you with a poorly planned and implemented launch. When you change things after selling shares you risk alienating those that have already invested which in turn causes them to seek the exits even if it means a small loss. This is making it more difficult for you to raise funds as new investors are purchasing from old investors rather than from Hosted-Mining.

I wish you luck, but I think you face an uphill battle.

He is working on a very short time frame.

You sir, are correct. It was not my intention though. I have learned from my mistakes and have tried to make the best possible corrections.

The most recent news I have is that I am in negotiations with a person who is looking at a 1 TH purchase. I believe they are interested in coming on board. Talks are continuing.    

So I've gathered, but why should this matter to a potential investor? Adding on a "boiler plate" atmosphere to an already ill conceived contract would tend to make me more cautious not less so.

look, short time frames are not fun but, hey the question is DOES this make sense, does it benefit me- that's all

think about how many people jump on asic first day preorders on a "short time frame" - all i'm saying is that if it makes sense then it makes sense

That's not the only question one should be asking when considering an investment. While ascertaining whether a given contract could potentially be profitable(and to what degree) or not is important, determining whether management has the vision, skill, and integrity to faithfully execute the contract is equally important. While I've no reason to question zif33rs' integrity, this thing has been poorly handled right out of the gate, which is a troubling sign.


That seems a regrettable example. Those pre-order investors have nearly all been screwed over by one vendor or another. 

a lot of IT people may just suck at bitcoin IPOS :P
yes, management is just as important (BFL joke in here) - keep in mind though that for the time being Aydian is managing most of the work- in the future he will likely play a larger role.

most preorders did bad- lucky avalon batch 1s

it does seem like the administration of this IPO was not thought out well and may have been put together with haste to seize an opportunity*

edit: errrr

I think these are the things we do bring. The pre-order game will be over if we launch. We will be in the position to demand favorable contracts with guarantees.


Yes, It was very rushed. But we do have the administration team to do a excellent job given the chance.

Sorry to say it, but this one looks DOA.  Time to make an executive decision.  How long before you call it?

It has not even been 2 days. I would like a little longer please. Until I am told the contract is no longer available we can still be hashing by August 30th.

Seriously...I will not drag this out. But things are still developing behind the scenes and I think it may take another 24 to 48 hours to settle.

meeting update?

I wanted to release this until we finish the new proposal.

The crew and I are still finishing up but I can tell you this.

1. I was not able to connect with Peter today. I guess something came up for him. I was informed that it might still happen this week. I have offered to clear my schedule and meet up with him anytime he is free.

2. We still have strong interest in this from a group buy that was looking at one or more tera hash. We are trying to get them on board right now.

3. We feel another change to the contract (lessons learned) might help everyone with a lower price point for entry and more shares available with a lower market cap. I have finished the rough draft and Shawn is reviewing it now. I will present it to you shortly.

Well I hope you do a buyback and reissue

He'd pretty much have to, as there's a minimum period of 1 week for votes on changes to contract per the asset issuers TOS.

We believe that the price point per share for HOSTED-MINING is currently too high. We would like to make a motion to raise the amount of shares issued to 10,000,000 (10 million) and release 5,000,000 shares at .0028 and then release the additional 5,000,000 shares at a no less than 0.0056 for each share. Your current share of 1 will equal 100 shares. We have included the changes below.


Introduction

Thank you everyone for your support thus far! Wow! We are in negotiations with several of the current ASIC MINING vendors available in the market.

Tired of not knowing a DATE you are going to receive your ASIC mining hardware?
Have any of the companies you purchased from told you an EXACT DATE that you will receive your hardware?
Have you ordered ASIC Chips that are stuck in customs somewhere and no one can give you a straight up answer?

If these are questions that you do not have answers for, then, LOOK no further. HOSTED-MINING is here to help mitigate the international risk of not obtaining your share of the AMAZING BITCOIN market in time.
That is right. Time is ESPECIALLY crucial with Difficulty rising quickly.

WHAT HAPPENED when the HASH DIFFICULTY rose 35+%?
The PRICE of BTC rose.
What is going to happen with all the companies that supposedly will ship by Mid-September or October?
It will become more difficult to mine BITCOINS. If they miss their target dates, then what happens?

There are a lot of questions and uncertainty in this market and we want to make a statement, let's work together to raise funds and DEMAND dates from these mining companies or else give us more hash to compensate for time lost. SEEM unrealistic? It is not UNREALISTIC if we have the BTC to negotiate rates and TIMELINESS! Become part of our movement and let's work to specify hard DATES.

How many shares are outstanding for companies such as GOOGLE* (approximately 300M with an approximate value of {fill-in the blanks}? Net net, Billions. The BITCOIN network is a game changer.

HOSTED-MINING was created between a US and Canadian company to offer the very first GUARANTEE revenue-share HASHING date of no later than August 30th, 2013 for investors with an easily accessible investment vehicle without the large upfront cost of actually buying the hardware, monitoring and paying for electricity.

There are 3 Phases for roll out of a minimum 10 Terahash (referred to as "TH" forthwith) of mining capacity deployed no later than August 30th, 2013. With a GUARANTEE of additional TH in the contract to compensate for the difference in lost downtime if the launch date is not met.


1.) PHASE I - Initial Offering


Our motion is to increase the number of shares to 10,000,000 at .0028 each, with the release coming in 2 stages. Initially, we will release 5,000,000 shares of the first 10,000,000. They will be price at 0.0028 per share.

Starting from no later than Aug. 30, 2013 if we attain a minimum of 1,500,000 shares, we will start mining at 10 TH.  One hundred percent (100%) of the mining revenue will be divided equally with shares sold and delivered as dividends for each share once (1) per week.

END OF PHASE I - Hashrate: 10 TH minimum with the possibility of another 25TH+ by September 30th, 2013.


2.) PHASE II - Expansion

After the 10 TH is online, we will enter the second phase. During this phase, we release the rest of the available 5,000,000 shares to acquire guaranteed delivery dates.
We are already in contact with BTCGarden and other companies to negotiate for their TH which will be available in mid or end of September. DATES will be advertised soon.
We will disclose the necessary details in an announcement and release the shares needed to do the purchase. These will be priced 0.0056 or higher per share to allow a significant return on investment for our initial investors.

Our potential suppliers can be any current/future mining hardware manufacturers that will offer competitive pricing.

Once we are established and running, we will not stop seeking to acquire the best priced mining hardware until we have obtained 49% of network strength. This can only be accomplished with your dedication and support.

END OF PHASE II - HASH RATE: Exact hash rate will be available once we have negotiated the price with potential suppliers, but should be well over 100 TH.

3.) PHASE III - Reinvestment Phase

This phase starts when we have achieved the hash rate specified in the end of phase II.

After this threshold, 50% percent of the mining revenue will be retained as a future growth fund.

The details for this will also become available once we have entered phase III.

END OF PHASE IV

Please note that this contract can be changed at anytime if needed for shareholder advantage.

These figures are estimates only. Once we achieve the 10 TH minimum the specific amounts needed for operational goals will be released.

HOSTED-MINING will begin mining no later than August 30th, 2013 with a minimum of 10 TH if enough shares are sold to purchase the minimum 10 TH.

We are currently in negotiations with Alydian, BTCGarden and other manufactures to acquire as much TH as possible.

For every 9 (nine) shares of HOSTED-MINING sold, 1 (one) share will be paid to both Hostedmining, LLC and appA2z.com management as a founder's stake. Please note this is the only compensation we will receive and all operating expenses will be deducted from the dividends paid on these shares.

Please review the following estimation calculator at http://www.coinish.com/calc/ for investment due diligence.

We undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.

Although the Company believes that the forward-looking statements are accurate, there can be no assurance that any forward-looking statement will prove to be accurate.

If the regulators in your region require AML/KYC procedures for certain transactions, you will be asked to provide them at anytime per our request. Any US customers will be required to sign a due diligence statement.

 

Executive Summary   
HOSTED-MINING is a new revenue share organization founded by two companies to enable a reinvestment strategy that will enable a solid return within the first 12 months of operation.

Joe already has an Alternate Coin hosting company in successful operation and has been building custom computer solutions for years. He has founded and ran 3 successful companys over the years and has a strong technical background.

Shawn is the uber alt-coin enthusiast that monitors market trends and solid investment strategies for the future.

 

Business Description   
Hosted-Mining is dedicated to bringing ASIC technology to bitcoin mining at a rapid and predictable rate. We have a set launch date with a strong commitment to rapid growth. Bringing TH online and generating revenue into your wallet within days.

 

Hosted-Mining will stay on the cutting edge of bitcoin mining technology with an aggressive re-investment program. Our goal is to upgrade a Tier 3 datacenter in central Washington State with in 12 months to facilitate further expansion. We believe strongly in using renewable energy sources and being responsible to the environment. These ethics are the foundation of our long term goals and business model.

Definition of the Market   
We estimate that the total network at the end of 2013 with be roughly 2000-3000 TH.

Our goal is to NEVER go above the 49% threshold of total network strength and to sustain a return on investment for all who join us in this exciting endeavor.

 

Upon launch if we acquire 10 TH, Hosted-Mining will have approximately 2.5% of the total hash of the network. With the long term deployment plans of Phase 2 and Phase 3, ect..., Hosted-Mining will operate a minimum of 1% of the total network hashrate to insure long term profits and market stability.

We believe in core value's such as Integrity, Trust and Responsibility to the Environment and Community and plan to actively promote awareness of Crypto-currencies.

 

 

Products and Services   
CHIPS:

They are 65nm chips, and draw 3.5W/GH.
 
"Chips are aggregated into boards with 256 chips per board, and up to 8 boards per 'chassis'."

GUARANTEE

Hashing minimum of 10 TH if sales of shares and negotiations with the contract supplier are successful with rollout date of August 30th, 2013.

Please note that if the initial threshold of 1,500,000 shares sold is not reached, you will be issued a refunded minus the in and out charge from BTCT.co

Pictures will be posted to the forum.

Organization and Management   
Joe and Shawn will respond to all questions and queries on an individual basis.

If queries become overwhelming, an FAQ with the top-ten questions and answers will be posted via the blog.

Marketing Strategy   
FaceBook

Google ads

Forums

Twitter

Word-of-Mouth.

There is not other better way than telling your friends and family via email, twitter and facebook about a great investment vehicle.

Financial Management   
A spreadsheet will be built and shared via Google Docs for all detailed revenue sharing.

5 million shares at .0028 = 14000 BTC
20,000 shares at .28 = 5600 BTC

With this new contract you propose to more than double the amount needed to be raised in the IPO when there is already next to no interest? Shouldnt you have gone the other way around?

We dont think so. We think there is interest but we did not allow enough room for movement.

You now hope to raise a minimum of 42,000BTC with this constantly morphing IPO? :o

I think with your $4.2M+ you should really consider funding your own ASIC chip development. Why set your sites on just being a middle man to a mining contract of questionable worth when you should be challenging ASICMiner, ActM, Labcoin, etc...

Ok, so the only thing you have changed, is that you want MORE btc ... nothing else has changed???

More shares, at lower price, for nearly 3x the amount of btc you were originally asking.

Wow!

And the underlying details, ie. how you plan on getting the 10TH hasnt changed.

I'm sorry, but this is a lesson to all people out there how NOT to do an IPO.

This will be the 3rd time you have changed the share structure, and you can change it another 10 times - there is no point playing with numbers when the underlying reality of what you are trying to do is floored.

You need to come up with a better plan of how you are going to mine, and get returns for investors - not tinker with shares.

I'm staying out of this one. Sorry

Please stop deluding yourself.

After a multiple days you have yet to sell 10% of your IPO and you believe there is enough interest to fill an even larger IPO?

tl;dr its still gonna be 0.56btc/gh

 

Yes, because we believe our price point was too high. We are looking for support to have specific dates to acquire hardware and have vendors launch when they say they will launch. Has anyone else you have dealt with gave you a specific launch date or a specific day you will receive your hardware? Enough with the talk. Take action.

We have to be confident and make sure moving forward that in our contracts we have specific performance based accountability from vendors. I am tired of the BFL, etc..making false statements. This is not rocket science.. It is a manufacturing process and can be mitigated.

Its less than .45000001/GH. Lets just cut to the chase...we are out of time. The more btc we acquire the better terms we can negotiate.

And how has your price point changed now?

You changed the share price from .28 to .0028 - then increased the number of shares 250x to 5million - trying to get 14000btc instead of 5600.

So, you believe your price point was too high ... so you made it higher?

It seems you all want me to just acquire the 10 TH and that it. The reasoning is sound..the plan has long term goals, the price per GH is cheaper than anyone else is offering for a guaranteed date.

What is the problem?  The total amount I would like to raise? Why is that an issue for you? I have explained the need and what I would like to do with it. Seems to make sense right?

Avalon Batch 2's are 0.1829 BTC/Gh.
BFL Singles are 0.2165 BTC/Gh.

Your price per GH is absurdly high.

You can't get your hands on them this quickly though.

I am in dude, make it happen. :D

How long are you willing to wait? When and if you get any of those, that price point will be higher due to increased difficulty.


Thank you.

I'm in lets see where it goes.

Just saw the news/updated motion.... and um  :-\

Well it just reeks of desperation and forced enthusiasm. I wish you luck regardless.

reeks?    lol..I do need a shower.


Its not as desperate as it may seem. We have some more time..and the enthusiasm is completely real.

Thanks  :)

Could someon explain this to me please?

The current share price is 0.28 at btct.co. And now you are bringing in new shares, which cost 0.0028. What happens to the shares I bought at 0.28? Are they splitted up to 1/100th?

Yes..if the motion that we submitted passes. When you log on to btct.co, there is message ribbon you can click on that will take you where you need to be to cast your vote.

Okay, this is a good idea, but maybe you should write within the news, that the current shares are splitted up. Or I am just to blind to find it  :-\.

Just noticed I voted abstain..... changed to approve, maybe it worth mention here that the share holder needs to vote  :-\

We have a week for the motion to pass anyway. I will be contacting burnside to see  how he wants to handle it. Things are still looking positive and we will have more to announce tomorrow.


Good night.

God forbid me from doing IPO because my poor English and lack of  biz experience.

After seeing this one, maybe I should hire an English translator, and do an better one.

YOUR IPO IS TOTALLY A JOKE, WHAT THE HELL IT EVEN GOT APPROVED.

操，是个人就能IPO啊！

Is it possible to find any "private investors" ? Or any kind of fund? Other securities all have those kind of BTC coming in so they can hit the IPO.
I think even we can get the 5TH deal done, and start hashing before the 30th, the dividends are still unbeatable. And the crowd will just jump in at that time.

i should make my own IPO using the xcrowd hosted mining service

https://www.xcrowd.co.uk/mining/store.html#!/~/product/category=6310342&id=27266068

ANYONE INTERESTED? XD

EDIT: just copy pasta the damn link  ;D

This is incorrect. Price/Gh goes DOWN with difficulty increases, not up. You'd do well to learn more about how mining actually works before trying to raise $4,200,000 by reselling a mining contract. 

I do t see how price per gh is effected by difficulty at all. The only thing difficulty will effect is how much btc you are getting back for you ghs

if the price/gh doesnt get decreasing, it's unlikely we'll see ROI at all due to increasing difficulty

 You paid for something in May...it dosent show until September or October... or ever in BFL's case. Your telling me that the price per GH you paid is the same at that point?

I'm telling you that difficulty increases cause the cost/Gh of mining gear to drop not increase. My last purchase of Avalon gear was priced at 59.3BTC/3 module unit including express delivery. As these units are currently hashing at 82Gh/s the cost per Gh/s was .706BTC. These units were paid for on 8/16 and received on 8/19. I don't know why you're talking about May, September, and October...unless you mistakenly believe that the only source for mining gear is direct from a vendor?

You do of course realize that the value of the proposed contract that your IPO is based upon will also decline with rising difficulty, correct? That the only way to maintain a set share of the global hashrate will be to perpetually increase your own hashrate.

I do not think you are factoring the increased value of bitcoin. As we ramp up to the terahash scale and within a few years at most, the petahash scale for mining operations, there will have to be an intrinsic rise in the value of coin to maintain profitability for miners.

Part of the contract deals with how much we would like to acquire and how much we should hold long term.

Ah, the exchange rate myth. This is an old tired argument routinely offered by those that do not fully understand bitcoin mining.

When you purchase bitcoin mining gear it produces bitcoin...not fiat. The exchange rate to and from fiat is irrelevant, save in the case of paying electricity costs/hosting fees. A batch 3 Avalon with 4 modules and no PSU cost 101BTC to purchase from Avalon. It doesn't make any difference whether 1BTC = $100 or 1BTC = $1000 the unit must produce 101BTCs to break even for it's purchaser. Fair value for the very same hardware purchased today would be much lower precisely because difficulty increases have rendered the same hardware less effective at producing bitcoins.

"save in the case of paying electricity costs/hosting fees." And when is this never relevant?

Safe to say never = ever in the query above?

It's relevant only when it's paid from the revenue generated by said gear. I host my own gear so there are no hosting fees and power costs are insignificant at this time. As expenses vary depending on situation there's no set in stone cost of operating this gear.

You're putting the cart before the horse.

There's no reason whatsoever why  Bitcoin mining MUST be profitable - nothing breaks if it makes a loss.

Increase in difficulty does NOT cause the value of Bitcoins to rise - rather an increase in the value of Bitcoins causes difficulty to rise (by making mining more profitable and thus encouraging more expansion of mining).  At present that's largely irrelevant due to the shortage of (immediately available) supply being the limiting factor on difficulty increase.

The cause for the rise in value of Bitcoin has little to do directly with mining (mining indirectly DOES have impact on it).

I broadly agree with your view that the price of Bitcoin will likely rise - and also that that has an impact on the profitability (measured in BTC) of mining.  But in no way is such a rise "to maintain profitability for miners" and in fact it doesn't do that.  A rise in the price of BTC REDUCES profitability for existing miners (measured in BTC) by making it more profitable for NEW miners (as they can buy same hardware for less BTC than existing ones paid) and so encouraging an increase in difficulty beyond that which would otherwise occur.  Such a rise does, of course, increase profitability in USD for existing miners as well - but at the same time tends towards making their USD profits less than would have occurred had they just sat on BTC (i.e. a loss in BTC terms).

There's no rule saying "mining must make a profit" and any arguments using that as an assumption are fatally flawed.

"There's no reason whatsoever why  Bitcoin mining MUST be profitable - nothing breaks if it makes a loss."

I disagree. If there is no reward for mining.. i.e. you cant pay your electric bill. What is the point? To support people who already have coins so they can do transactions? No, there must be cause and effect..it is all symbiotic. You must have miners and it must make sense to mine. The price spike we have seen over the last week is only the beginning...


"A rise in the price of BTC REDUCES profitability for existing miners (measured in BTC) by making it more profitable for NEW miners (as they can buy same hardware for less BTC than existing ones paid) and so encouraging an increase in difficulty beyond that which would otherwise occur."

I like this. But some of does not quite ring true for the very reasons you mentioned above. BTC equaling BTC value..the coins they mined earlier have increased in value while the people looking for new hardware are waiting for it to arrive and have generating nothing. The person who starts the soonest will always have the highest profit.

On the first point you're confusing two things being linked with cause and effect.  Sales of ice-cream rise on sunny days.  That doesn't mean selling ice-cream makes it more likely to be sunny.  Similarly, more people mining doesn't make BTC rise (though, as mentioned earlier, it indirectly DOES put small pressure on it to rise - though not because of the mining itself) even though more people DO mine when BTC rises.  If two things tend to occur together you need to make sure you understand which one is the cause and which the effect.

On the second point you're missing it entirely.  I was talking about value "(measured in BTC)".  The value of earlier mined coins does NOT rise when measured in BTC : 1 BTC still is worth exactly 1 BTC.

If I spend 100 BTC on mining gear then, no matter what happens with the exchange-rate, I've only made a profit (in BTC) if I end up with more than 100 BTC when the gear finally dies or is sold off.  BTC rising vs USD makes it less likely that will be the case (because difficulty will rise faster so I'll end up with less BTC than if BTC and difficulty had not risen).  I may well end up with more USD - but that's neither here nor there if I'm measuring in BTC (and so, in effect, comparing to if I'd just kept the 100 BTC in my wallet in the first place).

"That doesn't mean selling ice-cream makes it more likely to be sunny."

damn it..I like ice cream.

"1 BTC still is worth exactly 1 BTC."

Again this is true. But what I trying to express is that the person who mines first mines more, so there for earns a higher ROI.

...and that's why mining gear loses value over time.

Why did it take us so long to get here?

My head hurts. Can I have my btc back? Lol

:)   no comment



Look...we can be hashing in a little over a week. With 10 TH...a nice chuck of the network strength. With plans to expand and do good things. I dont know what is so difficult for you guys.




EDIT: I know what I am saying above is abrupt. But its really the only point that means anything in this whole discussion.

if the previous 1 shares equivalent to = 5-10 ghash, this would've been a great deal

but alas...

It isn't the only point that means anything though. You're trying to persuade folks that don't know you to invest 42,000BTC with you. I believe your knowledge of bitcoin mining is relevant. Surely you'd agree?

That's just not true - and that you believe it so is disturbing.

If you start mining today with X hashes (doesn't matter what X is) bought for 10 BTC
And I start mining next month with 2X hashes bought for  10 BTC

Then unless you mine at least ~5 BTC in the next month, you have NOT made a higher ROI than me (exception to that being when both make a loss).  The actual amount extra you need to mine to make a better ROI depends on future earnings as well - as long-term profits increase the amount extra you need to mine to achieve same ROI increases above 5 (though can be reduced by reinvestment).

Which of two mining investments gives the better ROI is NOT solely determined by when they start mining - the price paid per hash is also a critical thing which has to be included in the calculation.  Your assertion is only correct if the same price per hash is paid - when a different price is paid then to estimate which gives the better ROI you also need to be able to predict long-term income.

What about halvings? What about difficultly? You saying that the person who mine first does not get more is not true.

"depends on future earnings"

Yes. This is what I feel its boils down to.

We have a opportunity to get into a good rate right now, at a level high enough and fast enough to make it profitable.

UPDATE:

Great news! The 100 to 1 split will occur once the motion passes and expires. It will be completed 20:00 (8PM EST) August 22, 2013. The shares at 0.0028 BTC will be available immediately after completion.
Let's lock in all the Tera Hash we can as soon as possible. There is going to be a good deal of profit to be had for all, if we come together and purchase shares. Once we release the 2nd batch of shares
at .0056, a nice return on investment awaits our earliest investors.

2x profit  is not good enough to me due to it's high risk. How about to release 2 batch shares at 1BTC per share?

I would be willing to discuss a higher price offering for the 2nd batch. I would like to keep the price point low enough to attract new BTC users.

zif33rs

That contract you have referred to, appeared to have a time-limit associated with it originally, and that other party/s were interested in it, as well as yourself/HM. Am i correct in assuming there has been an agreement to extend its offering (the mining contract)? If so, why do you think the contract is still available?

The offer was and is first come first serve. I have not heard that this contract is not available yet. Once it becomes unavailable we will make an announcement and do what needs to be done. Until then, I believe they would like us to obtain this contract. But we have to fund it and do so quick.

Hi all,

We just had an executive meeting. Our CFO shared some numbers with me through his calculation.

Since Alydian's hashpower is priced in USD, the number of coins we need to complete the purchase decreases as the price of Bitcoin goes up.

With the current Bitcoin price @ BitStamp, which is the exchange we are following, the number of coins needed has been reduced down to 3,800-3,900 Bitcoins (around 13,500 shares). (Figures will be available in a spreadsheet to public once the contract is signed.)

This means we can get the deal @ around 0.38btc/GH.

If the current price trend of bitcoin persists, which should be expected as the difficulty skyrockets, by the time we get this deal, we are expecting an even better price @ 0.35-0.37btc/GH for 10TH available immediately.

PS: Any extra coins raised through IPO after purchasing will be given to the initial investor as dividend through first-week dividend payout or kept as a growth fund, depending on the interest of the majority.

Cheers,
Hosted-Mining

Isn't the split happening right now?

when to split ? Is it now?

The contract is still available. But time is extremely limited.



The motion appeared to be fall below the needed threshold due to new people buying shares. We will make another one or see what Burnside says. We will honor the same terms if we need to make another.


The price structure does not change and it give a nice bonus for those of you who get in now. So we are keen to do that for our investors. Time is of the essence.


But in the mean time, we've got some good news for you guys. For those of you who might have missed it, check the front page or above, there has been a update.

Good morning all.


Just a quick update to let you know we are still working hard to get this package going. We have some new leads that are coming together today. Please keep the faith. We have already decided that IF we can not meet the launch goals, I will do a complete buy back and cover everyones transaction fees out of my own pocket.

Again I encourage you to reach out to your friends and family and get them involved! We can make this happen.


Thanks!

Yeah, why not give it a try, your ROI is not only based on mining but also stock price, this could be a totally short term gain.

Here is an article about the company Hostedmining is trying to get a contract with. 

http://www.coindesk.com/alydian-targets-big-ticket-miners-with-terahash-hosting/

Hey there,  Just a quick update before I head off to my daughters b-day party. :)


I would like to reassure everyone the contract is still available.


 I also would like to let you all know I met with Peter Vessenes for lunch this afternoon. We had a pleasant conversation about a variety of things that are important to you the investor, and the BTC community.

 I am grateful for the opportunity to meet with you and to have a chance to discuss things face to face.

Thank you Peter.



I will be available again late this evening PST.

zif

Im back.  Happy birthday girls!   ;D


Some info for you all to read while you wait to hear back from labcoin...


http://www.coindesk.com/alydian-targets-big-ticket-miners-with-terahash-hosting/


and for some advanced reading..


http://gutenberg.net.au/ebooks02/0200161.txt(gone with the wind).

Sorry...could not help myself..seeing all the volume from a troll post.






  

Everyone knows about Alydian, pointing to posts about them is not going to help your IPO

They are overpriced, and you are overpriced

Was a little light humor. I would be interested to hear what you think might?  around .38/Ghs is overpriced?  For hashing that will start in less than a week..I think not.

This whole ipo has had errors from the start. Please don't take this in a negative way, it isn't meant as so...

1) no firm plans from the start on pricing
2) secret squirrel supplier at the start
3) once supplier is revealed. Everyone loses faith due to the vendors charges
4) your pricing is crazy. It's better value for us as investors to approach vendor direct with group buys
5) your proposition lacks value for the long term investor
6) the price was far too high to attract the speculators..


Hope that helps you out

1. We have firm pricing. We made adjustments to meet the market conditions. I personally value a company that takes the concerns of the investors to heart and can adapt and be flexible.
2. Not sure about this. We announced who we were dealing with.
3. Charges..their price structure or the charges for hosting?
4. Where can you get ASICs that are going to mine next week?  There is a premium associated with that and the price is not crazy imo.
5. This is complete garbage...no offense. Long term is what this is all about. The reinvestment strategy. The plan to host our own equipment. The plan to leverage our fund to obtain the best pricing and guarantees.
6. People are going to have to have a wake up call about the 1000% ROI of days gone by. Asic's have changed the game. The ones who get in now and get in big are going to make out just fine. The ones who wait 1 to 2 months or more are going to be in for a rude surprise I think.


I think it really all about 6.

Bud you are delusional is you think this is a good idea, I could get 4 mates together and we all chip in for a 5th solution from them.

What value do you really give here? Sell it to me.. I've had 1000% off active and 400% off lab coin recently.  There is money to be made off a sound business model. This is just an attempt to make you wealthy, not an attempt to make all investors wealthy. There is a big difference.

Everyones subjective view skews their perspective to match their own reality. For him (the creator) this was a multimillion dollar business, destined for success, and ready to jump in and snatch a portion of the BTC network. For others, it looked like a treadmill in the hashing power arms race.

The thing about people is everyone thinks they're right. We'll all find out in 6 days who was really right. Hopefully those on the losing side will take their loses (time and financial) as a lesson well learned.

The value is a decent contract that will start immediately. The plan to split the shares and have a higher priced second offering for early investors.. Its right up your alley. The ability to host the rigs once that is needed. A dozen more reasons that we are writing up but didnt get added to the original offer due to a urgent need to get this up and active.

The staff I have has exceptional connections both politically and financially that we plan on leveraging. The list is long indeed.

   







 

Well now is your one and only chance ... do tell.

We're listening.

Good morning.


I will have a statement shortly. I just woke.  Please give me a some time to have a coffee and consult with my team.

Up Up Up!

Have you realized that every time you ask for opinions

1.) Helpful advice is given
2.) You throw it all away and insult the person giving the advice

No wonder people are not clamoring to join with you in your venture.

Simple math.
Begin collecting coins now or wait until who knows when to get your hashing hardware.

Example;
500 GH now and make 3.8 coins per day.

Wait for 500 GH in October and lose 3.8 coins per day till then = 3.8*32days= -121.6BTC (October 1st)
I would rather get my coins now.  ::)

Hi all,

As we can see, there has been another 30% difficulty increase for Bitcoin mining yesterday.

For those of you who might not be following the difficulty of mining, the difficulty doubles at a speed of every 30-35 days.
i.e. you can only mine half of the coins you are mining now at the end of September, or you can only mine ¼ of the coins you are mining now at the end of October.  

According to Danny Bradbury’s calculation in http://www.coindesk.com/alydian-targets-big-ticket-miners-with-terahash-hosting/.

However, the price we are getting from Alydian is at least 30% less than this price. That’s why we are saying it’s a great deal to buy it now and share the revenue RIGHT NOW.

And again, any funds we raised beyond the amount needed to acquire the 10 TH contract will be used for group-buying new mining hardware. Unless the investors want it returned as a dividend.

*What we are going to do right now?

We are going to do a motion on 100 to 1 stock split for more liquidation and reduce our total # of share to 10,000,000 after the split. The first batch of shares will be reduced to 0.0028 and the 2nd batch will be released at a price higher than 0.0028. Our initial offering will become 2,000,000 shares.

*What is next?

We are going to become our own supplier with a 28nm or smaller design developed in collaboration with http://www.brioconcept.com/. We will be doing bulk mining, instead of physically shipping to customers, so that you get your revenue share WITHOUT the hassle of monitoring, heat issues or technical issues.

Lastly, I want to thank everyone for their advise and continuous support, and apologize for any insults that may have occurred during my responses. However, we do believe in this project and our team promises to dedicate maximum amount of time needed to have it done in the right manner.

Cheers,
Hosted-Mining

Can you explain how you expect to effectively combat a rapidly rising difficulty by locking in an inflated price on what seems like a decent hashrate now for one full year? Have you done the calculations on how long it will take you to make back your investment and begin to see a return on your 10Th/s contract? Have you calculated the odds that you'll never see a ROI? I suspect it's not pretty, and that 10Th/s may not seem like such a large chunk of the network in a very short time, but you'll be locked in for the balance of one year. Cointerra is already planning to roll out a 2Th/s rig for December delivery, what do you think it will do to your returns if/when those things get shipped in quantity?

I think they said they will be actively looking for large quantity group buys to keep up with the difficulty and in the mean times gives a low price/GH.

I dont see where they said they will be hashing with only 10TH/s for one year.

We will be adding TH as quickly as funding allows.

I think what you said underscores the need to be hashing as soon as possible.

I don't think you understand my concerns. Perhaps I didn't explain it very well, so allow me try again. zif33rs seems to think that this 10Th/s contract represents a bargain, but it appears that it's $650k for a locked in one year term. This would only be profitable if difficulty rose less than 57.4% per month during that year, and obviously the recent trend is way way beyond that. While it'd be nice to be hashing sooner rather than later, it's only a bargain if the price paid is reasonable, and this isn't. If it was 1/4 the price for 1/4 the term it'd be worth considering, but not for one year, that's a certain loser even if you don't take into account the fact that the very same company plans to offer 1Ph/s contracts in the near future(October).

What I said underscores the importance of not overpaying for hashes. You'll not see a return on that contract and will instead lose a great deal of investor funds.

I think they said 0.35-0.38btc/GH, then i guess their negotiated price is well below $650K.

Simply untrue. You need to follow what we are doing a little closer...please.




650K?   Why do you use that figure? That is not what we would be paying.  As we have said before the price is closer to .38/gh.

AND if we had the funds right now..we honestly think we could ask for a even lower price.

http://www.coindesk.com/alydian-targets-big-ticket-miners-with-terahash-hosting/

Not profitable. That's why you're required to lock-in for one year.

"Launch day pricing" 


Well...the price has fallen significantly since launch.

Yea, Zif negotiated. That's why he is here to promote his negotiated contract.
Their news said, the negotiated price is like 0.35-0.38btc/GH.

Not significantly enough. The term is too long. Half that price for six months may provide a return.

Again, I don't think you are following. The amount of BTC we are paying is for the whole rigs plus the fees for one-year hosting and energy cost. i.e. no matter how long we let them host for us, we own the rigs anyway.

I don't think you are following, you are buying something that is overpriced and will not return profits for either you or the investors.

IMHO from now on this is the only option left to small/medium grade miners. Only few will afford mining with their own ASICs. We can only have a piece of the pie like this. Or mine with gpus + free electricity alt coins...

There is so much more truth to this than anyone realizes... we should think about this.


"If we discount the price of $19/GH from KnC delivering end of October back to 8/29/2013, it will be @19*2*2=$76/GH. i.e. 0.69btc/GH.
If we discount the price of $7.8/GH from BFL delivering end of December back to 8/29/2013, it will be @7.8*2*2*2*2=$124.8/GH. i.e. 1.13btc/GH.

In either case, you also have lost the mining revenue that could have been generated during the wait time."

Just NO.

You need to get someone with basic numeracy skills to make any posts relating to numbers.

1.  If you assume difficulty will double in a month it doesn't mean chips a month earlier are worth twice as much - as that would also need to assume that what was mined in that month would equal the total mining in all further months (depending on future changes it could actually be anywhere from be a lot less than further earnings to a bit more).
2.  You can't adjust the price based on difficulty AND treat the mined coins as being an extra loss - as you're counting the same thing twice.  The mined coins ARE the only reason to adjust the value for earlier delivery.

If you want to compare the value of chips shipped now with ones shipped in 2 months then you don't quadruple the price, you simply add on the coins that would be mined in those 2 months - and that gives you the MAXIMUM extra value for earlier delivery (it's a maximum because it assumes zero costs or failures during those 2 months).

Whilst that won't tell you how much the chips are worth, it will give provide a basis for determining whether one or the other of the prices is massively better than the other (and if mined income is being 100% returned to investors then you can also make SOME conclusions about likely ROI - but only to the extent of determining whether one is likely to be significantly better than the other : you can't calculate actual ROIs without projecting income a lot further forward).

Just because pre-ordering gear months in advance has proven to be a poor decision does not mean that pre-paying for one year of hashes is a good decision. We don't know where difficulty is going to be several months from now, but we can be fairly certain it will be higher, probably much higher, and that the cost/Gh/s will likely be much lower. The very company that you're negotiating a contract with plans to roll out 1Ph/s contracts in October. What do you think that will do to the value of your locked in contract?

This worth a highlight, not everyone realize that :-\

+1

Let me put it another way. .38BTC*$112.56(bitstamp) = $42.7728/Gh/s for September delivery. This is equivalent to a knc Jupiter(400Gh/s) priced at $17109.12 available next week. Does that sound like a good deal? No? Even without the marginal cost of electricity it will not be paying for itself...let alone make a profit for investors. The term of the contract is entirely too long and is a deal breaker in this uncertain environment.

UPDATE: 8.25

We will be halting trade at 5:30 pst to allow the details of the motion to be implemented. Trading will resume shortly after.


Cheers,

HOSTED-MINING
 

lol, but even if you are willing to pay $17,109.12, you wont have a 400GH Jupiter available next week.

Let's go and pay $7,000 for 400GH jupiter now, and wait for it to mine in November?
Does this sound like a good deal?

Difficulty doubles every month, and you want to pay $7000 now to just mine 1/4 of the coins you can mine today in November?

Can you do the math now? The $7,000 you paid will only worth 100GH/s today, so you need $28,000 to be on par with 400GH/s today, if you take into consideration of the difficulty increase and discount the price back to today.

$17,109 vs. $28,000, which one is a good deal?

Nope...and that's why I haven't ordered any.


Who leaps out...of the rabbit? Perhaps if we build a large wooden badgah...

What do you mean by "and you want to pay $7000 now to just mine 1/4 of the coins you can mine today in November?" Who's "you" in this instance? Do you recall back when I said "Just because pre-ordering gear months in advance has proven to be a poor decision..."

https://bitcointalk.org/index.php?topic=271475.msg3005648#msg3005648


Another instance of stray "yous".


Umm...neither?

No offence, i didn't mean to refer to 'you'.
But yea, my point has been made, there is no better deal at this point of time if we do a mathematical comparison among all the suppliers.

Man, creativex invested nothing basic mining, he is simply another troll.

Troll = someone you disagree with? Someone that doesn't share your favorable opinion of this particular investment? Are you suggesting that I'm not authorized to ask questions or offer my opinion unless I've purchased shares?

Your questions have been explained, if you still unsatisfied, try ask the same question to basic mining, and if you can came with some numbers better than this, I am willing to hear.

We still have trading halted. We do not see that the split has occurred. We will turn on trade again once we hear back from Burnside and/or see that the split has happened as planned.

Once we see that, we will have some more information for you as well.

Thanks

H-M

bASIC-Mining is not engaging in pre-order madness for precisely the reasons I've stated above. Hashes have been added by making select purchases in the secondary market until lead times and unrealistic price tags drop. I'm not trying to ruffle any feathers, I'm just discussing the topic at hand because I find it interesting.

Cheers.

If everything goes according to plan here, who has the best BTC / GH ratio? Basic or Hostedmining?

I dont see how there is much to lose investing here.  OP lives across the bay from the place he's getting the miners from.  He has an established btc business already.  The place he's buying hashing power from is run by some known names in the Bitcoin world.  If IPO fails he gives the $$ back.
 

Hi redbeans2012. This is not a competition against any one particular mining company, this is a struggle to obtain and hold a small piece of the global bitcoin network in the face of rapidly rising difficulty. It's my contention that overpaying for hashes and/or locking in a fixed hashrate at a relatively high price for a lengthy term is a net net loser. Why do you suppose Alydian offers contracts with such a lengthy term in an environment as fluid as this? Pay as you go for 1 - 3 months even at .38/Gh would likely be a great deal, but that's not the deal offered.

@creativex

What would be the best price / GH  in your calcs ?

100x split completed.  Sorry about the holdup.

Cheers.

Thank you sir.  :)



Trade has resumed.

 

If volume picks up I might jump in, but it looks like a ghost town right now :/

We are working on it.  :)


We have several ready to jump in looking at this very closely. I urge you to give it a shot.

Only another 4752469 shares.

At .0028/share thats only BTC13306. Or roughly $1,463,660.*

Not including the remaining 5000000 shares at .0056/share.

*Considering $110/BTC

How many more shares need to be sold so you can cover the inital Payment?

We need somewhere around 1,000,000 more shares sold to reach our launch threshold.  

Please check out some figures our CFO posted on this thread.

https://bitcointalk.org/index.php?topic=281763.0


Cheers,

H-M

when is the deadline?

Because this IPO is DOA

I am contacting the vendor as I type this...waiting on a reply. 


We will have more information for you later in the day.


Thanks

H-M

You need about $360k in shares purblchases

Quite abit less than that..1 million shares would be close enough to at least negotiate.

Wait, I thought negotiations were already done?

The contract I have in hand is...but truly guys..I think they are having as hard time selling this as I am to you. I believe if I had funds I could ask for better terms before signing. 500,000 thousand shares would get us near the 5 TH minimum they wish to release.


I implore you to think seriously about who you want controlling a portion of the network. H-M or some hedge fund bankster. I dont have the financial skills you were looking for..but I found the right person who can do the job. That is my skill...finding the right people and plans and then getting it done.

This whole deal is much more than getting this contract. Its about setting up a company that is dedicated to you. The BTC community. We will make sure you profit..that is paramount. But its also important that we have a voice of reason in the upcoming arms race that has become bitcoin mining.

What did you expect?

Any and all advice has been tossed by the wayside while you charge forward with your own foolhardy plan thinking that you were invulnerable. Now seeing as how you do not listen at all to potential investors/speculators, they have all left the building leaving a dead thread and a dead stock. Maybe in the future you will actually learn to take advice.

In fact more than likely you have just swindled 742.3892 btc worth of coins due to lack of any language concerning what happens in the instance of failed IPO - there is no buyback clause.

Say what?


Nothing could be further from the truth FM.

Alright..now your questioning my word.  Just gtfo.

Something need to happen in two days, otherwise the IPO probably gonna fail.

 UPDATE: 8.29 05:28

Trading is closed and the buyback is complete.

Thank you everyone for your support. We are sorry we were not able to make this happen.

HOSTED-MINING

left positive trust rating for you regarding the buyback. I hope this doesn't deter you from trying again (after, of course, getting a little perspective on how to do it better next time.) You had a good idea, only the valuation was off. Might try publicly showing some of your own skin in the game first to reassure investors you're putting your money where your mouth is. :)

Hey nice try mate, I will be in next time too! Cheers.

We tried!  :D

This old thread needs to be bumped.... because... it looks like more "Bitcoin scamming" has been revealed,
giving Bitcoin a bad name, from the Hosted-Mining guy who started this thread.

For those of you saw the Hosted-Mining "revenue shares" operation in August (this thread) but chose not
to participate, pat yourselves on the back!

Look at what's been going on since then.
https://bitcointalk.org/index.php?topic=200556.60

Guess we now know why the money had to be raised so fast.

All I can say is WOW

I just read through the entire thing and I feel bad for everyone involved