UPDATE: 9/4/2013 08:52 Hostedmining is Moving! I am pleased to announce that I have acquired a new hosting facility. I will have the move completed by this coming weekend. This move is being made in conjunction with the release of a Revenue Share on LTC-GLOBAL. This investment opportunity is to expand the existing Hostedmining scrypt farm from 40 MH to over 100 MH. Check it out here. https://www.litecoinglobal.com/security/HOSTED-MININGThanks everyone for your support and patience. Enjoy and let me know what you think. Photos and more updates to follow through out the week. zif
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UPDATE: 8.29 05:28
Trading is closed and the buyback is complete.
Thank you everyone for your support. We are sorry we were not able to make this happen.
HOSTED-MINING
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In fact more than likely you have just swindled 742.3892 btc worth of coins due to lack of any language concerning what happens in the instance of failed IPO - there is no buyback clause.
The contract I have in hand is...but truly guys..I think they are having as hard time selling this as I am to you. I believe if I had funds I could ask for better terms before signing. 500,000 thousand shares would get us near the 5 TH minimum they wish to release.
I implore you to think seriously about who you want controlling a portion of the network. H-M or some hedge fund bankster. I dont have the financial skills you were looking for..but I found the right person who can do the job. That is my skill...finding the right people and plans and then getting it done.
This whole deal is much more than getting this contract. Its about setting up a company that is dedicated to you. The BTC community. We will make sure you profit..that is paramount. But its also important that we have a voice of reason in the upcoming arms race that has become bitcoin mining.
What did you expect? Any and all advice has been tossed by the wayside while you charge forward with your own foolhardy plan thinking that you were invulnerable. Now seeing as how you do not listen at all to potential investors/speculators, they have all left the building leaving a dead thread and a dead stock. Maybe in the future you will actually learn to take advice.Say what? Nothing could be further from the truth FM. In fact more than likely you have just swindled 742.3892 btc worth of coins due to lack of any language concerning what happens in the instance of failed IPO - there is no buyback clause.
Alright..now your questioning my word. Just gtfo. |
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The contract I have in hand is...but truly guys..I think they are having as hard time selling this as I am to you. I believe if I had funds I could ask for better terms before signing. 500,000 thousand shares would get us near the 5 TH minimum they wish to release.
I implore you to think seriously about who you want controlling a portion of the network. H-M or some hedge fund bankster. I dont have the financial skills you were looking for..but I found the right person who can do the job. That is my skill...finding the right people and plans and then getting it done.
This whole deal is much more than getting this contract. Its about setting up a company that is dedicated to you. The BTC community. We will make sure you profit..that is paramount. But its also important that we have a voice of reason in the upcoming arms race that has become bitcoin mining.
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You need about $360k in shares purblchases
Quite abit less than that..1 million shares would be close enough to at least negotiate. |
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I am contacting the vendor as I type this...waiting on a reply.
We will have more information for you later in the day.
Thanks
H-M
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We are still just over 1 million shares short of our goal. We are discussing options now. If we do not reach it we will do a full buyback...dont worry.
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I have to log in to BTCT just to see the basic info about this stock?
That is asinine. See you at Bitfunder!
The site is ran by Burnside. I would not have put the listing up if I did not trust the site. Its very simple to create an account and purchase shares. Yes I know all that, also trust Burnside, and have an account there. It's still asinine to expect BTCT users to open themselves up to various (cross-site, etc.) attack vectors by requiring them to remain logged in when not trading. Typing my long-ass passphrase and using GAuth ad nauseum is a PITA. It's very simple to scrape the database and put up a static (memcached, Cloudflared) market info page for those not logged in. Yes..I do agree..I also would love a preview ability for placing contracts and motions as well...I suck at formatting. :/ |
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I have to log in to BTCT just to see the basic info about this stock?
That is asinine. See you at Bitfunder!
The site is ran by Burnside. I would not have put the listing up if I did not trust the site. Its very simple to create an account and purchase shares. |
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Please get involved.  |
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If volume picks up I might jump in, but it looks like a ghost town right now :/
We are working on it.  We have several ready to jump in looking at this very closely. I urge you to give it a shot. How many more shares need to be sold so you can cover the inital Payment? We need somewhere around 1,000,000 more shares sold to reach our launch threshold. Please check out some figures our CFO posted on this thread. https://bitcointalk.org/index.php?topic=281763.0Cheers, H-M |
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If volume picks up I might jump in, but it looks like a ghost town right now :/
We are working on it. We have several ready to jump in looking at this very closely. I urge you to give it a shot. |
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100x split completed. Sorry about the holdup.
Cheers.
Thank you sir. Trade has resumed. |
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We still have trading halted. We do not see that the split has occurred. We will turn on trade again once we hear back from Burnside and/or see that the split has happened as planned.
Once we see that, we will have some more information for you as well.
Thanks
H-M
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UPDATE: 8.25
We will be halting trade at 5:30 pst to allow the details of the motion to be implemented. Trading will resume shortly after.
Cheers,
HOSTED-MINING
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IMHO from now on this is the only option left to small/medium grade miners. Only few will afford mining with their own ASICs. We can only have a piece of the pie like this. Or mine with gpus + free electricity alt coins...
There is so much more truth to this than anyone realizes... we should think about this. "If we discount the price of $19/GH from KnC delivering end of October back to 8/29/2013, it will be @19*2*2=$76/GH. i.e. 0.69btc/GH. If we discount the price of $7.8/GH from BFL delivering end of December back to 8/29/2013, it will be @7.8*2*2*2*2=$124.8/GH. i.e. 1.13btc/GH. In either case, you also have lost the mining revenue that could have been generated during the wait time." |
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"Launch day pricing"
Well...the price has fallen significantly since launch. Not significantly enough. The term is too long. Half that price for six months may provide a return. Again, I don't think you are following. The amount of BTC we are paying is for the whole rigs plus the fees for one-year hosting and energy cost. i.e. no matter how long we let them host for us, we own the rigs anyway. |
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"Launch day pricing"
Well...the price has fallen significantly since launch.
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We will be adding TH as quickly as funding allows.
I think what you said underscores the need to be hashing as soon as possible. What I said underscores the importance of not overpaying for hashes. You'll not see a return on that contract and will instead lose a great deal of investor funds. Simply untrue. You need to follow what we are doing a little closer...please. 650K? Why do you use that figure? That is not what we would be paying. As we have said before the price is closer to .38/gh. AND if we had the funds right now..we honestly think we could ask for a even lower price. |
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Hi all, As we can see, there has been another 30% difficulty increase for Bitcoin mining yesterday. For those of you who might not be following the difficulty of mining, the difficulty doubles at a speed of every 30-35 days. i.e. you can only mine half of the coins you are mining now at the end of September, or you can only mine ¼ of the coins you are mining now at the end of October. According to Danny Bradbury’s calculation in http://www.coindesk.com/alydian-targets-big-ticket-miners-with-terahash-hosting/. “At 2%/day difficulty growth rates, an October 31 delivery from KnC at $19/GH equates to $62/GH on August 29,” he says (1.02 * 61 days = 62) “And that still leaves someone with two extra months of mining, plus of course the reduction in power costs. However, the price we are getting from Alydian is at least 30% less than this price. That’s why we are saying it’s a great deal to buy it now and share the revenue RIGHT NOW. Can you explain how you expect to effectively combat a rapidly rising difficulty by locking in an inflated price on what seems like a decent hashrate now for one full year? Have you done the calculations on how long it will take you to make back your investment and begin to see a return on your 10Th/s contract? Have you calculated the odds that you'll never see a ROI? I suspect it's not pretty, and that 10Th/s may not seem like such a large chunk of the network in a very short time, but you'll be locked in for the balance of one year. Cointerra is already planning to roll out a 2Th/s rig for December delivery, what do you think it will do to your returns if/when those things get shipped in quantity? We will be adding TH as quickly as funding allows. I think what you said underscores the need to be hashing as soon as possible. |
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