Personal deposit address:

1C6pgB6WJrkWLr2FuvN8gaKASw2F6urN1a

Thanks!

The delivery date is suspect.  From what I've read on the various forums, the takeaway is to avoid BFL unless you like donating to a thief.

Here's a stickied post that summarizes things pretty well:

http://www.reddit.com/r/BitcoinMining/comments/1qzmvj/updated_faqs_for_newcomers/

Do you have the miners' ship date? That is something to keep in mind.  Don't let the potential for money cloud your vision.  I'd suggest reading up on the difficulty.  Here's a place to start, along with the threads on bitcointalk:

http://www.reddit.com/r/bitcoinmining

While I'm not one to quote attorney's fees, $2000 to setup a simple LLC sounds pretty high.  I've incorporated in the past for a fraction of that cost.  Is your attorney also drafting your contracts? Providing the setup to limit your tax risk? Liability?

user id: 3562
display name: tmark

Thanks, Stunna! 

It looks like you've done your due diligence in terms of the potential profits, but please make sure to cover yourselves in terms of liability.

Obligatory IANAL, but I do suggest you guys get things down in writing before things start.

Who's paying for the electricity costs?

What happens if something happens to the miners?

What is the split in profits?

Tax implications?

Things get often get dicey when money is involved.  If these types of issues are settled beforehand, everyone understands where they stand.  I'd take the time to consult a lawyer beforehand to draft a quick agreement for everyone. 

Just my thoughts.

Hey all-
New member here to the forum, but I thought I'd share my brief experiences.

I've tried faucets to earn a little bit here and there.  From what I've read, unless you have some serious capital to put in, mining is a waste of time.

I've also used btcjam.com to fund a couple of small (< $4) loans with reputable individuals.

To get started, I've used plazacoin.com, which is a proxy buying service.  You buy the item for an individual, communicate with them through their portal, and the BTC (which is held in escrow) is released once the purchase is confirmed.  They usually have $1-$2 donations to charitywater and wikipedia up at pretty good exchange rates.  I've donated ~$5, getting BTC almost immediately back.

Just thought it'd be a good way for someone to start out in BTC without having to worry about the high rates or wait times with some of the other larger sites.

They're just starting up, but just wanted to throw my input that I've used them without hassle.