Just trying to figure this out but the 1BTC will buy us 1 share which is equal to 1% of the hashing power of 1 blade unit which is 10gh/s (give or take) which then means 100mh/s?
Yes but if we buy the unit for less then you will pay less per share.
I'm interested, thanks for getting this going.
Some questions though:
1. Will there be a public list of shareholders?
2. How will electricity costs be calculated? Are you converting your AUD costs to btc?
3. Do you have any mining experience? How do you plan to mine with the ASICMINER?
4. How often will shareholders get paid their "dividends"?
1. If there is interest for that. I assume you want a public list?
2. Yes, converted to BTC. I can't pay my electricity bill with BTC (yet)
3. Yup. I will be setting up a local stratum proxy. Most likely btcguild as primary pool, but this is open to suggestions
4. They will be paid in a reasonable amount of time. At first twice a week or so, later when mining proceeds reduce once a week or once every two weeks.. Etc.
i thought 5 were Minimum?
Nothing is set in stone.