Damn guys, this matter ain't the job for ActM. Go ahead and reap this profit yourself, or is the problem ... you're out of cash?

Just wait and Deprived will solve (has solved?) this very inconvenient issue for all of you who are not able to realise this profit yourselve.

Real BTC in circulation and share price at the market do not have a causal relationship, for a number reasons.

If I trade you 10 shares for one 1 BTC each, since you desperately want them and no one else wants to sell, just 10 BTC is needed for this transaction. When done on BitFunder, the market price is 1 BTC and there are 25,000,000 shares in total. No restriction to share price by whichever number of bitcoins in circulation.

When I trade with you on BitFunder, I assume BitFunder backs the BTC you pay me for these 10 shares with real BTC and I will be able to extract these BTC from BitFunder into a address in the blockchain under my own control. These on exchange 'BTC' you pay me with, do not reside in your address in the blockchain, but come out of the BitFunder database. It's just transferring a claim towards BitFunder from you to me. Just hack the database, add some zero's and you can spend whichever amount on shares.

Also, it is easy and profitable to work with a fractional reserve of the funds your being trusted with (a.k.a. banking). In that case, much more (off-chain) BTC can be spend in the total economy, since extracted BTC from the funds go back into circulation. The asset "Ukyo.Loan" is much more costly for BitFunders operator, than a direct (hidden) loan from the 'dead money' residing in BitFunder, so the last one is inevitable to happen somewhere sometime.

Also a loan itself doubles 'BTC' in circulation. The lender has 'BTC' in the form of debt, while the taker has the real BTC to spend. Both have a transactional value and depending on the debtor, the debt is in a transaction 'as good as BTC'.

The answer to your question is: it ain't "different from a standard company thats traded in fiat with no cap".

Perceived value can't be capped. One share can change hands for price X, ten shares for price Y and all shares for price Z. X probably ain't Z.

The valuation formula doesn't make sense to me. "Bitcoin valuation" seems strange for "ASICMiner valuation", in BTC at least. It's should be only about cashflow. Let's say 33% of hashrate ~ 1200 BTC per day + BTC from hardware sales (at any price) is the cash coming in. After cash expenses, the net cash flow is worth something to retain or acquire, the price of which to be determined by the irrational brains of current and future shareholders. No absolute reasons in there to "have revenues separate from Bitcoin".

How to pay? With debt, gold, property or whatever. No restriction to the amount of BTC in the economy.

Of course not only cashflow influences the perceived value, but also their current control of the mining sector. They seem to be able to choose between selling their hardware or using it themselves. If f.e. 100th comes online, it wouldn't surprise me if ASICMINER turns on 45 TH overnight to keep up their share. While if hashrate from other sources grows to slow, ASICMINER goes helicopter Ben with well-priced hardware.

Cashflow in from mining is more or less constant, cash out for mining increases with difficulty, while hardware will be the other way around. Less cash in with constant costsfor manufacturing. It will take a while, but the extreme profitability of ASICMINER will come to an end when margins become 'normal'. But I don't dare to say anything about the share price that the market will see fit for these stages.

When 100th is fully deployed and operational, PicoStocks could just IPO the 1ph mine as a new project.

This makes a lot more sense from a commercial and managerial point of view, though the price to invest will probably be relatively higher than last January for the 100th mine. Trustworthiness has a price.

Tax authorities differ from country to country, but in NL, barter with a business has to be accompanied with an invoice, which is a document with a legal status. The way you pay, doesn't matter, but has to be of equal value expressed in EUR.

VAT depends on trade value (invoice), type of product or service, sector of the economy and purchaser.

BTC are regarded here as tokens in LETS (Local Exchange Trade Systems) and their fiscal value is the purchase value, whether by fiat or barter.

So you have anything exchanged of EUR value for BTC which you exchanged for EUR value. So you have a realised profit-loss in/out of BTC, since they have a different purchase and final exchange value, and the cost stated on the invoice of Bitfurystrikesback.com.

So the value you spent on the BTC you spend on f.e. a € 1.000 miner, is your net business cost for the miner (excl. time spent on your EUR<->BTC administration)

How do you know who sells BTC?

The main activity in the BTC-economy atm is developing and mass producing of ASICs. Many millions of fiat are necessary for this activity and any price is ok when one really needs the other side of te trade. As a result market prices moves fast. And then other market participants, including the competing producers are going to run to the exit. If this is the case, then it is the miners' dream of "getting rich quick" which crashes (prices).

Sure you had the right combination entered?

Then its in the site bitfurystrikesback.com. Use their contact form.

Check your own VAT number here and use your own VAT number twice or pick another known number: http://ec.europa.eu/taxation_customs/vies/?locale=en

Of course it will be logged by the EU for any purpose which suits them. In NL we can also just call the tax department and check with them directly.

For shares in a hosted group buy go here: https://bitcointalk.org/index.php?topic=250449.0

For shares in the 100th mine with the same boards and a easy market: https://picostocks.com/stocks/view/19

ROI in EUR is very questionable in the short term, given current BTC prices. However, sinking BTC prices will be in favor of the most power efficient miners x the lowest energy prices (these low energy prices do not exist in the NL for the commoner).

Updated OP.

Payment split and advance payment reduced to www.bitfurystrikesback.com purchase price without VAT + 1 BTC for ordering & handling.

For a (chip) groupbuy go here: https://bitcointalk.org/index.php?topic=251268.0

I'm not in the luxury position to finance all expenses up front. But escrow of money could be possible for a to be determined part of the transaction.

For now, I'll suggest to find the appropriate percentage in escrow on a deal to deal basis.

The Swede, maybe it is the best to arrange a meeting through Skype, in which I'll send you some identification documents. I'll PM my skype-ID but am not available before tonight, local time.

EDIT

No problem, I'm willing to supply both my identifying personal as business details to John K or The Swede.

Publicly available is at least the chamber of commerce information for the business I will use for handling this proposition: http://www.kvk.nl/#%3Fq%3Ddioca

For security purposes and clarity: no miners will be held at or shipped to this adress!

Done:

Unofficial Hosting & Reselling of Bitfury's ASIC - Miners & Chips
https://bitcointalk.org/index.php?topic=251160.0

Terms of Service

• Mining on your own account at any mining pool (it's your equipment, your mining operation and I'll only manage and host the machine for you).
• You can pick-up your equipment anytime in Delft, The Netherlands (after we've arranged  a convenient time and location for us both).
• You can get your equipment shipped to you anytime at your own cost and at your own risk (f.e. after the first couple of months after recouping the initial investment)
• I'll accept BTC, bank transfers and cash. Bank transfers and cash payments are charged € 50 for conversion and transaction costs.
• If you wish, I can handle the mining for you, and pay out BTC or EUR by bank transfers or in cash
• You will receive invoices for mining equipment and extra costs (per order / transaction) and for hosting services (monthly), to be paid in advance.
• All prices exclude VAT.
• VAT is 0% for a non EU-customer, 0% for EU-businesses with valid VAT-number and VAT 21% for EU consumers or when picking-up your order. When you leave the EU you should be able to get the VAT refunded at the customs office
• If you are a EU-consumer, don't use this offer unless you want effectively and privately turn cash into BTC and sacrifice the VAT cost.
• The 1 BTC order & handling costs is non-refundable. It's for my time and the extra time I'll have to buy from my part-time employee to run my main business. In the unfortunaty case we get screwed by the supplier, you get 0.5 BTC back for time savings.
• The payment for boards & PSU is refundable when the supplier of Bitfury boards refunds the order.
• The refund will be against the real rate we get refunded by the supplier of Bitfury boards.
• Prices depend on prices of supplier(s) and can be adjusted after presenting proof of the price changes.
• I do not accept any responsibility for anything bad that happens out of my sphere of influence.
• I reserve the right reverse all BTC-transactions and nullify my offer until your order is place at www.bitfurystrikesback.com.
• When you place an order, you accept all terms of service and you accept all delays due to the supply side of the chain.

Prices

First some initial administrative stuff:

• Placement in order queue: 0.01 BTC + n satoshi for the number of H-boards from an adress you're able to sign with to one of the next adresses, depending on the service you wish:
• Alert! no refund & no obligations - kept and withdrawed for accounting purposes and transparency on the order queue
• interest & reservation for equipment and hosting: 16cCvrQbcq5m8HtbJG3VzsVZhCSsrght8G
• interest & reservation for equipment and direct shipping upon delivery at my place: 18xtHSBsPfnMXs887VZR18xtRVNhrjLft5
• Costs mutually agreed order
• 1 BTC order & handling costs
• Equiment and hosting prices as shown below - payment and order placement at an agreed time to minimize exchange risk of EUR/BTC

Hosted Miner Kits and extra or hosted H-Boards ! See also Q & A - partial payment in advance

• Bitfury 25GH Miner Starter Kit (August Delivery) - € 1.200¹ / hosting² - € 15 monthly + 1% calculated mining revenue³ = 1 H-board
• Bitfury 400GH Miner Full Kit (August Delivery) - € 16.000¹ / hosting² - € 240 monthly + 1% calculated mining revenue³ = 16 H-boards
• Bitfury 55nm ASIC H-Board (October Delivery) - € 375 / hosting² - € 15 monthly + 1% calculated mining revenue³ = 1 H-board

¹Included with the Kits: dedicated PSU 80 PLUS Platinum, 500+ W, modulair (Seasonic of Corsair, the most easily available model at the time of installation)
²Included with hosting: electricity consumption, rackspace, Masterboard for loose H-boards, internet connection, insurance of inventory, cooling and any other material facilities
³Management fee: administration, arranging and managing facilities, regular handling of hardware and software


Worldwide shipping Miner Kits, H-Boards and chips upon delivery at my place:

• Bitfury 55nm ASIC Chips (July Delivery) - € 1.100,00 / shipping at your own risk, cost and wishes
• Bitfury 25GH Miner Starter Kit (August Delivery) -  € 1.100,00 / shipping at your own risk, cost and wishes
• Bitfury 400GH Miner Full Kit (August Delivery) - € 16.000,00 / shipping at your own risk, cost and wishes
• Bitfury 55nm ASIC H-Board (October Delivery) - € 375,00 / shipping at your own risk, cost and wishes
• Bitfury 55nm ASIC Chips (October Delivery) - € 220,00  / shipping at your own risk, cost and wishes

If you do not place trust in either me or www.bitfurystrikesback.com, please don't place an order. I'll only answer questions publicly posted in this thread. I'll only pick up order requests in private communication and only when you're able to prove your place in the order queue (signing or sending with the adress you placed your order with). And of course, private is as far as a DM or email is considered private.

If you do need clarifications or do see flaws in my offer, please reply and I'll create a FAQ and update this post for corrections.

---

Q - Escrow?
A - For the second part of the transaction. Payment split to reduce your counterparty risks (only a full payment when your equipment is ready to go and you're able to pay in full with the mining output, insurance of the asset against purchase value while it is in my possession is included):
  
   1st part is an advance payment: price at www.bitfurystrikesback.com without VAT + 1 BTC.
   2nd part has to happen as soon order has arrived in Delft or you pay through mining output of your device.

Q - Identification?
A - Offered my contact information to TheSwede; anyone who is seriously interested can pass me a skype adress or phone number via PM with suitable contact times. I live on Amsterdam Time (GMT +1 Summertime). The trading and hosting entity wil be Dioca BV (http://www.kvk.nl/#%3Fq%3Ddioca) - no equipment wil be sent or available at this adress

Q - OP changed?
A - Yes, reduced prices. When finalizing an order, we'll fixate the terms of service as is at that moment in a purchase contract.

Q - Export value?
A - The Dutch fiscal laws allow me to depreciate the value of the miners to zero at December 31th. In January I'll ship the boards as used items with a description and at any value that seems appropriate. When importing as a private person, we have over here a treshold under which no VAT is calculated. Maybe the same holds for you country. In this way you'll have the most uptime when difficulty is relatively low and shipping downtime when it doesn't matter too much any more. The shipping value could also be chosen at a nice insured shipping value.

Guess so, since I definitely need a screen shot of the PicoStocks site pointing the link out for me to find it.

Nice and clean. Tnx.

My conclusions as I expected: floating assets is the core business for now and a while to come. The main shareholder(s) of PicoStocks seems paying for hosting & development I assume? Wait, I'll go reread the business plan.

Still can't find the overview through the hyperlink structure on the PicoStocks site (my compliments for the clean graphical design).

It is being developed atm: http://polimedia.us/trilema/2013/statements-regarding-the-mmorpg-under-development-i-v/

Could you also do any reporting of some simple key figures on PicoStocks?

Just some like:
- total trade volume on PicoStocks for the last month
- gross revenue
- total of costs
- short balance with PicoStocks' assets (cash on hand & total (im)material assets) with the liabilities on the other hand (equity, upcoming dividend payment & total of other debt)

In total 8 figures of which any venture should have at least 6 at hand, at least tentatively.

Tnx for the 2FA improvement.

Site and process are fast, fine and clean. Details like consistent language settings and layout could be improved somewhat further.

Volume is growing rapidly according to http://bitcoincharts.com/markets/currency/EUR.html which was how I found you guys, but the order book is still quite empty. Grow on and cheers!