What will you do if exchange rate drops below a price that would cover our power cost?
My power is actually charged at 2 different rates. $0.16/kWh from 9am-9pm & $0.05/kWh from 9pm-9am. If the exchange rate continued to drop to where mining was no longer profitable at the average $0.10/kWh rate, I would most likely begin running the miners only from 9pm-9am. If the exchange rate dropped to where it was no longer profitable to mine using $0.05/kWh electricity, I would propose a shareholder motion to see if the equipment should be sold off to refund investors.
What policy will you use to sell the namecoins? Sell right away?
Good question. This will most likely be based on market conditions. With the namecoin difficulty so low right now, I'm expecting a large price drop coming for namecoins. I do like the idea of namecoins being like the company's "savings" while bitcoins were sold to pay costs and paid to investors as dividends. Perhaps some ideas could be floated on this thread to give shareholders the opportunity to voice their opinion on this subject.
When will you start paying dividends?
As soon as possible. This will depend on our ability to raise funds for building a rig. Being conservative, I'd say by November 5th we should have a rig in place and enough bitcoins generated to make a good dividend distribution.
How will dividends be calculated?
Dividends will be split among the purchased shares. For example, if 10,000 shares have been issued, but only 1,000 purchased, those 1,000 purchased shares would split the entire dividend payment equally on a per share basis. The amount of the dividend will be at my discretion and based on the company's current financial situation.
How often will you pay dividends?
I'm planning to pay dividends weekly. This could change at any time, but would most likely never be longer than monthly.
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