I agree buying a fixed MH/s rate perpetual bond in bitcoin mining doesn't make sense with the long term trend in increasing network difficulty hash-rate.  That's why at RSM - https://bitcointalk.org/index.php?topic=63257.0 - you own actually own a share of all the hardware, wallet and anything else of value.  With us also saving between 90% to 50% of mining profits (to be decided by motion) to purchase more ASIC's to increase the MH/s a share-rate to beat the long term trend in growth increasing network difficulty hash-rate.  Meaning our share price value shouldn't decrease on the long term trend of increasing network difficulty like fixed rate bonds but actually grow and with that you will get a weekly dividend.

Would it be possible to bring litecoin mining to the ModMiner?

RSM - https://bitcointalk.org/index.php?topic=63257.0 - were saving 100% of mining profits towards purchasing ASIC's.  Now we have the funds we will be saving between 90% - 50% of mining profits post ASIC delivery towards more ASIC's.  I could make it saving 100% of profits towards new hardware if there was enough interest.

Yeah as well as Intersango is MtGox which have a UK Barclay Bank to make deposits.

We will be paying dividends.  Paying out 100% of profits into dividends with no room to grow doesn't make well for RSM's long term future at all.  In fact I think the company would have to shut down due to running at a loss within three years if we didn't reinvest in our future.  I'll hold a motion on it if you require but I'm not running it for a second time again if it goes against your idea.

We will be saving between 50% to 90% of profits to purchase more ASIC's to increase the MH/s a share rate and keep the company afloat and growing against the long term trend in increasing network difficulty.  This rate will be adaptive meaning the more fiat the boards make to purchase new ASIC's the lower the rate.  Remeber ASIC hashing speed will be doubling every eighteen months according to Moore's Law.  So we need to follow the wave with purchasing new ASIC's as old hardware hashing power becomes obsolete and/or brakes down due to old age.

What do our investors think of this statement?

We have to reinvest the profits of the hardware otherwise if were just selling more shares to purchase new hardware when the old hardware brakes or becomes obsolete then we would be diluting the shares value and lowering the MH/s a share rate.  We are not a bond but a stock most of the shares value comes from ownership of the hardware so saving up to 90% of profits if needed to purchase more hardware assets is the only way for the company to progress.  So if the boards turn out to be very profitable we may only need to be saving 50% of profits to purchase new ASIC's or maybe even less.  If the two (possibly three) boards turn out to be making less than £100 a month of coin then up to 90% of profits would be needed to be saved to purchase new hardware assets.  To keep us operating long into the future after our current ASIC's become obsolete or brake.

1.  I don't get what you mean by "encrypt your contract"?  We are a mining stock with ~1900 shares on the market and 700 for sale to purchase our third 40GH/s ASIC.  Lot's have things have changed since the genesis contract (like we were buying two 7970's and are now going ASIC).  Although all major decisions are decided by 51% motion and any share holder can ask me to put forward a motion within reason (like being a major investor or a small investor with the support of other investors).  So if you did become a major investor you'd have the right to ask for motions and the results will be followed.
2. We pre-ordered ModMiners were delayed but as we were an early supporter of the btcfpga.com they pointed the relevent hashpower we purchased to a pool for us.  There was also a time we held a motion on saving all mining profits towards buying ASIC's which went in that favour (I owned 330 shares of 1800 [of which 250 I purchased]).  Then we managed to cancel the order of our first ModMiner and purchased a BFL SC Single 40GH/s with the funds.  We then got delivered our second ordered ModMiner this week but the supplier asked us if we wanted to sell our ModMiner for full value to another one of his customers.  So yesterday I sent our newly delivered ModMiner to another of his customers and on delivery of that board Tom the owner of btcfpga.com is paying us BTC113.303.  So then we will be ordering our second BFL SC Single 40GH/s ASIC.  Taking us to 80GH/s over less than 1900 shares which is around 40MH/s per share post ASIC.
3.  Me and Nefario are friends on Facebook and we have each others phone numbers.  If it substantial investment I will make a Linked-In profile if needed but I won't make it public tho I could let you see it.

Being a mining stock each share you own gives you a share ownership of all our hardware assets, BTC wallet and anything else of value.  Once we purchase our second ASIC our 1900 shares valued just on hardware assets alone are worth $1.53 each
Also if it was a substantial investment I could invite you to be "friends" my personal Facebook page were I have over thirty family members all listed by relationship.   

Thanks.  If you add payouts in alt-coins on your P2Pool pool you can definitely count me in once I have my ASIC's.

I run RSM - https://glbse.com/asset/view/RSM - Which is 50% verified I could get my home address verified and photo-ID if it were to attract major investment tho I don't have a Linked-In profile.  We have paid for one BFL SC Single@40GH/s and are about to pay for our second this weekend hopefully.  Taking us to 40MH/s a share.  Another 700 shares@BTC0.30 are for sale to purchase our third BFL 40GH/s ASIC and pay for the import VAT of all three ASIC's.  This will take us to 120GH/s over 2600 shares, which is 46MH/s a share or 1GH/s for BTC6.52 at RSM current offer of BTC0.30 per share.  Once we have delivery of the boards we will be paying between 10% - 50% of weekly mining profits as a weekly dividend with the rest being saved to purchase more ASIC's and increase the MH/s per share rate.  The amount saved to purchase more hardware assets to increase the MH/s a share rate will be decided by motion.

Hi looks interesting and I was looking at using P2Pool or P2Pool based pool once I get my ASIC's.  The one thing I don't understand is how you get your other merged-mined coins apart from BTC.  Sorry if I've not read it proper.   

You can get 100% renewable sourced green electricity for ~£0.14 per kwh and British Gas pre payment electricity is only £0.1172 for rate two kwh's.  So with those rates it's definitely worth while with FPGA's.

Cool can't believed I missed that tho I do hope my BFL SC Singles stay competitive and ship before them.  I ordered one at the beginning of July and BFL said they won't be delivered to November (well they said after October).  Four month wait on a pre-order is bad I just hope it doesn't turn into a five month pre-order.  I'll be following that thread closely thanks. 

It's good for bitcoin miners and bitcoin its self that BFL have competition.  So I support this company and if there was anyway for micro-investing in the idea then I definitely would.

550 new shares at BTC0.30 on offer for purchase of our third 40GH/s ASIC.  Taking us to 120GH/s over 2600 shares.  Which will take us to 46MH/s a share or 1GH/s for BTC6.50

Sold the ModMiner FPGA we are getting BTC113.794 on its delivery which should be this Friday or Saturday.  Although I had to pay £20.53VAT and £16.34postage out of my own pocket.  So I will pay myself £36.87 of shares rather than take it from our BTC35.00 wallet.  So RSM's wallet should be BTC148.794 this weekend and I'll purchase the second BFL-Single 40GH/s ASIC then.  So now we will be 80GH/s over less than 1,900 shares but we need to sell 150 new shares at BTC0.30 to pay the import VAT on the boards.  So (80GH/s)/(2050shares)=(39.02439024MH/s)per share post ASIC we just need to decide now on whether to save 90% - 50% of weekly profits for more hardware assets to increase our (MH/s)per share and profits.  The more we save the faster dividends will grow.

Release of the first generation ASIC's isn't the endgame for the network hash-rate and difficulty as according to Moore's Law ASIC speeds should double every eighteen months.

What I meant is it works out cheaper to buy our shares than purchasing your own 3.5GH/s Jalapeños ASIC's.  We will soon be purchasing our second BFL Single ASIC@40GH/s meaning we will have 80GH/s over ~2000 shares post ASIC or 40MH/s per share.  We currently have 1850 shares in the wild and need to sell about ~200 shares to cover the import duty of the two 40GH/s ASIC's.

Why don't you IPO on the Litcoin Global Exchange - https://www.litecoinglobal.com/

Just that they said after October for a 4th of July order I thought was newsworthy.

edit: that's at least a four month lead time from order to shipping.

Just got a quick reply about ordering this week but all it said was shipping of the new units is still anticipated to begin in late October