lack of clues explanation: http://www.legislation.gov.uk/uksi/2005/1529/contents/made

dropt, thank you for your effort.

Most things that you consider as inconsistencies I do not consider as such. Other quotes are taken out of context and I will not respond on those. Some facts are not disclosed intentionally, some statements are made intentionally vague.

One thing that you have completely missed is that whatever I say in this thread or elsewhere publicly is not an investment prospectus. I am not addressing or informing any shareholders or investors here. I am not inviting anyone to buy any shares (those shares are not even issued yet). This is not an annual return or pre IPO documents either.

Just informing public about our intentions, no more, no less. Treat it accordingly.

I lost count

This is somewhat offtopic, but this proves my point indirectly. I hope mods will forgive me this little sin.


Selling only for BTC.

Have large amount of used hardware in excellent condition for sale, most boxed "almost as new" with all the original kit.

5870's XFX-587X-ZN (lots of those)
various 5970's (many)
various 6990's (many)
various 1200W PSU's (best in class)
proper mining motherboard/cpu/memory bundles (work with many GPU;s)
low cost custom compact open air mining cases (up to 8 GPU's) of my own design and made by yours truly
pcie extenders (hundreds), fans, etc..

if you can pick it up in UK have heavy 4U mining cases ready to go with GPU's and everything in it already, just add your USB stick.

skype: vladimir.marchenko.co.uk (text/audio/video)

Do not expect me to be very responsive on the forum and PM's.
Use skype, tell me what you want and how much you are prepared to pay.
Bitcoin payment upfront, this is not negotiable, will ship worldwide, will ship within 2 biz days.
Large orders will be given preference.

Someone come and take all the stuff I have left off my hands retail or wholesale. I have some offers already, but I want a better price.

These are my own design, very compact and light produced by yours truly + some helping hands.
Can show on skype video. Yes mostly the same design, like two variations.
Cases probably not worth shipping unless you are also buying some cards and other stuff from me.

BTW have complete rigs with those cases. Including 4x5970's. Do let me know if anyone is interested.

P.S. It's midnight here, so pls do not be upset if I do not respond until the morning.

Selling only for BTC.

Have large amount of used hardware in excellent condition for sale, most boxed "almost as new" with all the original kit.

5870's XFX-587X-ZN
various 5970's
various 6990's
various 1200W PSU's
proper mining motherboard/cpu/memory bundles
low cost custom compact open air mining cases (up to 8 GPU's)
pci-x extenders, fans, etc..

skype: vladimir.marchenko.co.uk (text/audio/video)

Do not expect me to be very responsive on the forum and PM's.
Use skype, tell me what you want and how much you are prepared to pay.
Bitcoin payment upfront, this is not negotiable, will ship worldwide, will ship within 2 biz days.
Large orders will be given preference.

I have 30x 5870's for sale. XFX HD-587X-ZH make me an offer in BTC. Can even box it for you with all the original accessories if you want.

LOL. The circle of life. Go ask Simba if you do not believe me.

RaggedMonk, this is technically possible. However, all it would change is increase required shareholder vote from 50% to 75%. While I usually prefer to run with default articles, your proposal has a merit. Feel free to make specific suggestions on the wording. I will pay attention.

I do read this thread and see all the questions. However, I may chose to not answers some of the questions. It is nothing personal it just means that I either cannot answer them or do not want to (just yet).

Hmm. And I thought that I am just being smart, greedy and rational. If that also makes me noble, that is a plus. Tell it to Her Majesty. Sir Vladimir hmm sounds nice. 

I have no reason to believe that we will ever be able to reach anywhere close to 50%. Even if we reach such capability (which is highly unlikely) it would be very unwise move for more than one reason.

Just check old ArtForz's posts on the matter (right about the time when he killed CPU miners, FPGA miners - take notice). It was discussed at length back then.

1. It makes no sense to have more than 50% and keep rising hashing capacity while being honest. Your machines will be simply driving difficulty up and competing with each other. Easier and cheaper to shut some down.

2. It makes no sense to have more than 50% and be dishonest as well for a variety of reasons, including ethical, public relations, investor relations, legal, long term profit.

You people give not enough credit to Bitcoin's design. It is much deeper than many get it.

My goal it so build a Bitcoin mining company that will be sustainable long term and that will continue ongoing investment into new technologies and new mining capacity, get listed, get optionable. I just cannot wait a moment when I can sell naked puts and roll them perpetually (if allowed by law, damn insider trading thing).

It will be not so much a technological company but a financial one, more specifically an asset management company. There are plenty of examples in non-bitcoin world of companies that are being managed by a handful of professionals but have billions under management. Just check out biz models of companies like AYR and most REIT's and specifically O (my favourite, if I can I want to emulate their biz model, specifically stable monthly dividend and lack of leverage).

I respectfully suggest that many people here got it all wrong. This is not about killing Bitcoin and getting into 51% territory. Ask yourself why the hell would we want to become #1 target of guys with badges and guns? It is all about becoming the Bitcoin REIT and eventually being traded alongside of my darling O (Realty Income Corp. NYSE). My best estimate is that we will climb to 25-30% for a short period of time if we are lucky, just as I have done with GPU's at one point. History tends to repeat itself. I bet on it.

The FUD is being generated in this thread not by me, but perhaps by those who overextended themselves (we know who you are, lol) by buying FPGA's and now they are trying to pass their own fear to you. (do refer to my signature for legal disclaimer).

Unfortunately, unlike you, I am not qualified to provide investment advice and I do not provide investment advice to the public. Therefore I am not in position to respond.

I know. They, however, will not be able to claim that they have not received a fair and advance warning.

P4man, thank you for your questions. I will try to make things as clear as I possibly can. However, I may not be able to
answer any specific follow up questions or make any further public statements just yet.

We have a long term strategic partnership with a private subcontractor that is building mining hardware for us.
The leverage we have is of a contractual nature and it grants us a number of advantages as compared to what general
public or our competitors may or may not get access to eventually.

This is the foundation of our competitive advantage. Additionally, we expect to be the first to the market with
this technology, we also expect to provide a natural and low risk bitcoin investment route within traditional legal frameworks
for those who are now outside of bitcoin economy.

No I have not mixed the quotes. First we use custom chips, then eventually when other manufacturers join the fry we continue as a bitcoin mining company buying the best possible hardware from the best possible supplier.

The company I am talking about itself is focusing not on ASIC manufacturing (we have subcontractors for that) but on mining and on being public company and being listed on public exchanges eventually and attracting to bitcoin financial resources that would not touch it due to lack of legal ways to do so on "large" scale.

Thank you for suggestion of thinking more about the business plan. I'll consider this. But you should understand that I am tied by NDA's and can say only so much. I am being vague not from lack of business plan, but because I can say only so much.

I, however, can disclose that Largecoin is not our subcontractor or supplier and we have no plans of buying anything from them. Not until they can produce significantly better product, at least.


I am not talking here with potential investors. Just informing the public about our plans. At this time any serious talks with qualified potential investors are done in private and under NDA's.

P4man, great reading comprehension skills. Kudos to you!

 The first quote refers to long term plans. The second one refers to immediate plans (the first batch). Also to clarify, "We" refers to us and our subcontractors.

  However, your analysis of our (and our subcontractors) manufacturing options is not entirely accurate. At this stage I am not at liberty to disclose all the details publicly, unfortunately, and therefore I have to be fairly vague.

  What you have described does indicate pretty accurately the difficulties our would be competitors most likely will have to deal with, I must add.

  We still will have to take some risks associated with final stages of design/manufacturing ASIC chips and building mining rigs based on those. We are not buying core components off the shelves yet (obviously).

 Generally, greater risks bring greater rewards.

I suddenly got an urge to sign up as a sponsor, to request a press pass, and to do a presentation/talk. Seriosuly. Will be in touch, at least some of those things I mentioned might be of interest.

The only thing it is really good for is to sell and buy bitcoins for it. I'd say it is a very useful thing. Thanks Canadian mint.

If you do not agree with position of some author published in Bitcoin Magazine be it a website or print, you could prepare and submit your own article. If it meets our standards and we have your permission it will get published.

Simply email it to info@bitcoinmagazine.co.uk and it will get to a right person.

Steve. Consider also cost of capital and bargaining power. Do you know how much cheaper, for instance,  Coca-Cola can buy hardware from Dell right now comparing to what you would need to pay?