I don't see the price per share as having any effect on the risk, lol .

It's a great idea because all of the bid side liquidity will be increased. It's so hard to move out of a position quickly. Also, more transaction volume means more fees for glbse.

Does it have to be a exact number?
I might want to pick up some more shares later on .
So should I just take the amount I am currently holding?
//DeaDTerra

I came up with a new cost of $152.09 per GH using your math. That would make it just over 4x. He is offering 5x for the free upgrade path......

using your $611 per GH x 200 = $122,200 + $29,899 = $152,099 / 1000 = $152.09 per GH

$611 / $152.09 = 4.017x

5MH to 25MH is 5x

Sounds like a pretty, damn good deal to me. Unless we are expected to believe that a company owner has 0 right to profit then this is a fine offering imho.


edit; and jsut beacuse I know it will be asked. Even considering the .25BTC upgrade option, if every bond holder utilizes  it, which would then take the upgrade cost to 7x. You are then receiving 20x MH.....  If you need me to I can show the math there as well.

So even though your upgrade path has already been bought and paid for by your original investors you use this as an opportunity to put even more of these peoples money into your pocket, what a scamming piece of shit.

For the intellectually challenged out there the second offering of 100gh/s in the gigaminning venture has already gave him twice as much as was needed to pay for the upgrade to the th/s boxes. In other words you are paying twice for an upgrade offer to what should be your 100mh/s you would have when those already bought and paid for with your money th/s boxes arrive.

Oh and BTW just where did those four mini-rigs that were supposed to be bought with that second round of funding go?

I see the price is rising

This is a good reason to BUY gigamining! The only way you're getting teramining.

BTW, I'm not selling. Little mad I didn't buy more at 0.95

This is a good reason to BUY gigamining! The only way you're getting teramining.

"I won't be back."

they were a very far cry from being grossly negligent.

BITBOND is another quality mining infrastructure and a larger scale than Gigavps's. If I recall Gigavps even has some equipment in one of BITBOND's facilities.

How convenient! This has been pulled far too many times in this community.

Funds will be held in Pirate pass thrus drawing interest until purchases of ASIC's are made.

I bought some Gigamining bonds at the rate of 1.5 BTC. Now it seems i have to pay another 0.25 BTC/per bond to get Teramining bonds.........

Someone knows something which I don't.

Then I thought about the fact that this would only work by being secretive about my "business", (Nefario doesn't allow open ponzis on his exchange) and I wouldn't be happy with people loosing money in the end while trusting only me. Even if I tell I "only pass through" it's somehow my reputation.

It's interesting to see now not just pass throughs to a "business" (pirate) where nobody really know what it's about but a pass through to a "business" that's even completely undisclosed.

Oh, you explained why you're qualified to speak for everyone else and decide for them how they should invest their own cash? 

Again, I couldn't care less what you do with your money, please extend the same courtesy to everyone else.    I don't care what you or anyone else thinks.

For the millioneth time, what business is it of yours what other people do with their own money?

You think people are crazy for investing, well whoopdedoo.  Remind me why I should give a shit.

Not trying to figure it out because I would do it, but just because these attacks seem to have become strangely programmatic and motivated in the last couple of days.

Exactly.  All you whingers who don't want to invest.  Don't.

It's really as simple as that.