They'll be comin' around the mountain when they come...
Getting close boys...

We'll see a continued trend of early purchasers getting their equipment first (say KnCMiner day 1, day 2 folks) mine it for 3-4 weeks or so to recoup purchase price, and then sell it for what they bought it for or close to get their "ROI". They'll join the trend of Avalon owners and BFL owners who know they can make money faster selling it rather than waiting for coins that will never be dug up by them.

"ASIC in hand" demands a higher price and faster delivery in all the free market spots you look for Bitcoin miners.

That's a good one

I like the first part

It is if you order today but not if you order in September. In 2 weeks time any profit from this will be purely on ASICMINER's (and investor's) side.
Spend the 7 BTC for 2 blades --OR-- 3 shares of ASICMINER and see which investment comes out on top.

Resistance is futile

Bitcoin - Resistance is futile

---------------------

Or a quote from HAL

"I've still got the greatest enthusiasm and confidence in the mission. And I want to help you."

In for 10 up to 20 BTC. Agreed, this sounds fun.

That offering is probably not going to happen as we've not heard a peep from the Litecoin community.

TAT laid out all the details ahead of time. Plenty of time for everyone to understand what this offering was. A Bond, or loan, at a fixed price and with daily dividends, or interest rate. Understand what you are investing in. It doesn't matter share/person limit or how fast you get in on the IPO. The price is fixed unless YOU want to sell it for less than you bought it for.

I can recommend btcQuick and Coinbase. Both very good.

Babylon translation not much better
Since the day of, I used Chinese journalist. As upstairs,
1, why not btct bitfunder or the release?
2, if you have a minimum release target is 2000 B, about 16 W unit, 54W unit (if you have, do you still have the 0.015 B/price issue? If it is not, it is more than 0.015 B, then, it is a good idea to be specific about the subsequent period of the expected price and arrangements, so that you can ensure that advance equity interests, and the buyers for a reasonable price to buy IPO, in order to avoid Stock price because you have the ipo stock price fluctuations. hope to be able to explain! Look at the oven only cats!

Indeed

We are going to push out the public release date by a couple weeks as we get a few things ironed out:
- Look at growth strategies as they relate to a growing MH/s per share offering over the current fixed MH/s per share offering.
-- This will also affect the amount of shares and quantities per release that may be offered. Faster acquisition of hardware vs a slower growth of hardware.
- Listing on an exchange

We appreciate all the community's input in our plans. We're excited about the "even better" offering this exercise will provide us with these new parameters worked into the business plan. I'll get cracking on the spreadsheets to see how a few strategies pan out over the next 24 months and out.

Cheers,
Paul

The order was placed in June for just shy of 200 BTC. Correct.


Yes, this is exactly what we are asking. Just like any company that wants to grow and succeed in a specific function, we want to grow our business. So we made all the initial investments with our time and money so we could operate as a successful business. To help us grow our business we are offering a large part of what will generate our revenue to public investors so that it can give us the capital needed to grow. We aren't asking these investors to seed the capital money for a means to generate revenue that we haven't even invested in ourselves, we are offering them 5/6 ths of our revenue generating capabilities in order to grow beyond that in the future. A simple growth plan for any company that wants to succeed in a specific function and with revenue capabilities that wants to expand those capabilities by inviting in other investors.

This happens all the time with companies that transition from privately held companies to publicly held companies. Up to a point private investors have seeded all the capital and reaped all the profits from a company they started. In order to grow more capital is required so shares are offered to public investors that give regular returns on revenue from the future (bigger) company in exchange for capital on hand to move forward with growth and greater profits.


We made every effort to describe what we intend to do with the revenue generated from this offering our our mining shares. We intend to buy at least 4 TH's of hardware whose revenue will 1. be given back to early investors as a "thank you" (1 TH's) and 2. be offered as future mining shares (TERRA-BULL.B, etc). Our descriptions and summaries are very transparent how the money will be re-invested.

We also haven't listed what manufacturer we will use on the next round of hardware on purpose. We want to operate Best in Class hardware that yields good ROI and has a good set of legs. We could use the revenue to invest in ASIC hardware from manufacturers that are already delivering and not wait to October or November. If we do this we may need to use the capital from the public offering and more of our own capital to reach 4 TH/s. We could use KnCMiner again. If we do this we can order at least 10 Jupiter models for 4 TH/s and even up to 14 Jupiter models for 5.6 TH/s. Both scenarios keep to the business plan of adding 4 TH/s of mining capabilities with this initial public offering to investors. We reserve the right to choose which way to grow.

We also are using part of the capital raised for general operations of The Bitcoin Mining Club. We describe this clearly as well. It's going to take money to run these miners and keep them running. We aren't taking any fees out of shareholders revenue shares. They get 100% of what their shares generate. Costs of hosting just this initial batch of hardware will be around $1000/month conservatively. That will grow by 3-4 times with the next batch of hardware we purchase. All this is included in our projections of what we can afford to use on new equipment and what we need for company costs. And our intentions with the use of this capital is clealy described above.


We agree, everyone needs to do due diligence on THEIR investments. Don't take my words as truth, don't take Anenome5's words as truth. Figure out what you're investing in yourself.

The last statement is hard to argue for either of us. Nobody knows what the difficulty will be in September or what the price of BTC/USD will be. The difficulty is trending towards 45 million sometime in September/October as of today's charts. We've used that as our basis for the starting difficulty of our ROI. Using that number and current BTC/USD (this is a wildcard too) we are predicting a ROI for the initial purchase between 14-28 days. Again, don't take this as gospel we have no idea. So investors could potentially get their cost per share (currently $8.81) back in 2-4 weeks. Everything after that is weekly profit generated on an investment. And with our plan to double the number of shares for early investors after a successful sale we see that number cut in half to 1-2 weeks. Again, disclaimer, this type of calculating is hypothetical and not facts.


A listing on an exchange may be in the future but until then we owe this option to investors to be able to transfer ownership of shares. And we promise to be anything but terrible. 

I stand by our statement that we are proud of this offering. We have described all of our intentions with the seed money we hope to receive from this call for public investors. We are following a common path that any business travels that wants to grow and succeed in a specific function.

Yes KnCMiner. And they are already ordered and paid for.
terra-bull.com/2013/06/08/initial-batch-asic-purchased/

We are offering 1(one) Terahash(TH/s) of our Bitcoin Mining Club equipment to the public for the first time ever. This first batch of Mining Shares are category “A” shares: TERRA-BULL.A. Each share entitles the owner to 100% of the profits from 100 MH/s. A total of 10,000 shares will be available in this initial public offering at a cost of  BTC 0.1 per share. A total of 1,000 BTC is expected to be raised and be used towards new ASIC equipment and administration of The Bitcoin Mining Club.

The Bitcoin Mining Club | TERRA-BULL website: terra-bull.com
General Mining Asset Brief: terra-bull.com/securities/mining-asset-brief/
TERRA-BULL.A Brief: terra-bull.com/securities/terra-bull-a/

Edit: The projected release of the TERRA-BULL.A shares to public investors is scheduled for Monday, July 22nd @ 10 AM EST

This date is tentative if all goes well with a community review over the next few days before the deadline.  We reserve the right to move the date back if issues arise from community members that we are unable to remedy before the deadline. The date will not be moved forward for any reason.



Goals

• Our goal is to give everyone the chance to mine Bitcoin with 100% the profits and 0% the headache

• Offering 5/6th's of our mining equipment for public investment will allow us to purchase more equipment to grow The Bitcoin Mining Club (tBMC) and it's investors.*

• Providing early investors an opportunity to double their hashing power with future equipment.


Equipment

The Bitcoin Mining Club | TERRA-BULL owns 1.2 TH/s worth of Bitcoin mining equipment that will be online and hashing in September/October of this year (2013). We are offering 1 TH/s or 1,000,000 MH/s of this equipment's mining capabilities to the public in the form of TERRA-BULL.A mining shares. The remaining 200,000 MH/s will be used for administration, maintenance and other company costs solely by TERRA-BULL.


Shares

TERRA-BULL.A shares are tied directly to these (3) Jupiter miners from KnCMiner as a whole**. Shares aren't tied to a specific machine. 10,000 shares will be released to public investors and will represent 1,000,000 MH/s (1 TH/s) of The Bitcoin Mining Club's mining capabilities. Each TERRA-BULL.A mining share represents 100 MH/s of the total 1 TH/s. These shares are not subject to any fees*** and are entitled to 100% the profits, paid out in weekly distributions.

Shares will be priced at BTC 0.1 and a total of 1,000 BTC is predicted to be raised with this initial public offering by TERRA-BULL.


Distributions

All distributions will be made at the end of each week on Sundays, Eastern Standard Time (EST). By joining The Bitcoin Mining Club | TERRA-BULL and buying mining shares a shareholder has provided a Private Bitcoin address that will receive distribution payments. Distributions are the total revenue generated by 1.2 TH/s minus mining pool fees and minus 0.2 TH/s controlled by tBMC. Remaining 1,000,000 MH/s of revenue is divided by 10,000 and passed on to the shareholders.


Voting

TERRA-BULL.A mining shares have no voting privileges. They are only mechanisms of receiving profits from Bitcoin mining hardware solely owned by TERRA-BULL.


Expiration

TERRA-BULL.A mining shares never expire. A share will always represent 100 MH/s of The Bitcoin Mining Club's mining capabilities. As hardware eventually becomes non-profitable or corrupt new hardware will be purchased by TERRA-BULL and shares will be switched over to the new equipment.


*Future Equipment

Revenue from sales of TERRA-BULL.A mining shares will be used to grow The Bitcoin Mining Club and reward early investors. Over time different share offerings will be open to the public and designated "A", "B", etc... TERRA-BULL.A shares are directly tied to the equipment detailed above.

Upon successful completion of this round of shares we will purchase at least 4 TH/s of new equipment for tBMC. At that time we will dedicate 1 TH/s of the new purchase to the TERRA-BULL.A share holders. Essentially splitting the stock 2:1 (not a traditional stock split) or 20,000 shares. Each share still representing 100 MH/s, but of a total of 2 TH/s; with share holders still earning 100% of the profits and 0% fees.

The remaining 3 TH/s will be offered to the public as a future group of mining shares and for company administration related to The Bitcoin Mining Club | TERRA-BULL.


Exchange Listing

Currently TERRA-BULL.A mining shares aren't listed on an exchange. That may change in the future as we weigh the administration time and investor's feedback. The Bitcoin Mining Club | TERRA-BULL website will always have the latest information for shareholders. A Public Asset List and Distribution List will be available on www.terra-bull.com as well. The public asset list will contain the Public Bitcoin address all shareholders provided during their purchase and will contain fields like 'asset','address','shares',. The distribution list will keep all historical data related to shareholder revenue payouts and will contain fields like 'dates','hashrate','total shares','total revenue','revenue per share'.

In the event TERRA-BULL.A shares do get put on an exchange we have put into place the proper communication channels to do a seamless move. All share holders will be kept up to date by email communication.


Transfer

TERRA-BULL.A shares are fully transferable. Sales and/or transferring of shares on the open market is encouraged and will be honored by TERRA-BULL at no charge to either party. Private email correspondence can facilitate all requests.


Non-Delivery

If, for some reason, our manufacturer fails to deliver mining equipment on order a full refund will be returned to investors. Announcements through email, on our website and on the forums will be made to make every effort to inform shareholders of their right to request a refund for non-delivery of hardware.


Data & Privacy

Purchasing TERRA-BULL.A shares only requires a valid email address and (2) Bitcoin addresses. We value our shareholder's privacy and will secure these forms of id to the best of our ability. Email addresses will be used for communication and verification. The Bitcoin addresses will be used for the public asset list and for distributions. Each shareholder will need to provide all 3 in order to purchase TERRA-BULL.A mining shares. While the public asset list is available to the public for accountability and a distribution list is available for historical data, the private distribution addresses will be kept private.


Dissolution

In the unlikely event of TERRA-BULL closing mining operations, the company will offer a sale of all assets. First to shareholders and then to the community.


Fees & Downtime

All administration and maintenance fees are covered by TERRA-BULL except mining pool fees. **Pool fees are taken out before any revenue is taken by tBMC or it's shareholders. ***In the event of downtime with the equipment revenue lost effects tBMC and it's shareholders equally.

Example of downtime incident:
One of the machines from the TERRA-BULL.A batch is rebooting and updating. The downtime effects all TERRA-BULL.A shareholders but not TERRA.BULL.B shareholders.

We will do everything in our power to get the miners back to hashing as soon as possible.


All Rights Reserved

The Bitcoin Mining Club | TERRA-BULL reserves the right to:

• Choose hardware manufacturers for our mining equipment.

• Allocate revenue generated by the sales of mining shares of our equipment towards general company costs such as administration and maintenance.

• Deny transfer of shares between 2 or more parties if security requirements are not met.

• Choose if, when and what exchange to list TERRA-BULL.A mining shares on in the future



Upon successful completion of this round of shares we will purchase at least 4 TH/s of new equipment for tBMC. At that time we will dedicate 1 TH/s of the new purchase to the TERRA-BULL.A share holders. Essentially splitting the stock 2:1 (not a traditional stock split) or 20,000 shares. Each share still representing 100 MH/s, but of a total of 2 TH/s; with share holders still earning 100% of the profits and 0% fees.


We are very proud of the strength of this offering compared to the competition. When you compare the MH/s to BTC with TERRA-BULL.A shares and high-end GPUs, FPGAs, Block Erupters and other low watt hardware either being sold or being developed we hope you see the value we are putting on the table too. An easy cheat sheet for your own due diligence is:

Asset (1 share)                  TERRA-BULL.A mining share
Total Hashrate (MH/s)         100 MH/s
Total Cost (BTC)                    BTC 0.1
BTC per 1 MH/s                      BTC 0.001
ROI*                                 Between 2-4 Distribution Cycles

And as an added bonus to early investors, we plan on dedicating 1 TH/s of the planned 4 TH/s in new mining hardware to TERRA-BULL.A shareholders.  So an initial investment with The Bitcoin Mining Club will look something like this:

Asset (2 shares)                 TERRA-BULL.A mining share
Total Hashrate (MH/s)         200 MH/s
Total Cost (BTC)                    BTC 0.1    
BTC per 1 MH/s                      BTC 0.0005
ROI*                                 Between 1-2 Distribution Cycles

*Return on Investment: This is tBMC’s calculation that takes into account the rise in Difficulty and the relationship of BTC/USD

So how many companies will we have to follow as holders of AMC, VMC, AM? Seems like all are owned by Ken and feed each other.  Why is one joining another and swapping into a different set of shares? Just to hit that adjusted IPO price? Is a new company going to be formed with each Fast-Hash unit that is made?

Why all the hoops?

I think Ripple is the 3rd.  That's how I invested when XRP was cheap a couple months ago.  Sure, it's closed source but it's innovation and challenge to all things Western Union is what makes it important in the near future IMO.  BitMessage also does this with the blockchain but I think Ripple may eventually go more mainstream and be easier for my grandma to use then the latter (BitMessage, not Bitcoin).

This also comes from the fact that ASIC miners are the current peak of SHA miners and FPGA miners are being researched by a few teams for Scrypt miners.  All this specialized hardware can be swapped to any of the crazy coins out there to generate and dump for either BTC or LTC.  That makes me believe that it may just be Bitcoin, Litecoin and Ripple.  1 SHA coin, 1 Scrypt coin and 1 company coin.  I think all the other variants of coins will have a hard time getting footholds when BTC and LTC continue to separate themselves in value and services and it's easier to dump many copy coins on the exchange then hold and wait and develop redundant products. 

And remember, Litecoin really doesn't have too much out there for consumers even after almost 2 years in existence. So those services need to bloom for LTC and then a copy coin like FTC or others can then build up.  I think a watering down of the copy coins will happen before services bloom in the wild.

I may be wrong about XRP, but I feel as confident putting my money in as I did when BTC was young and when LTC was young.  Much, much more confident then putting money into the other young alts out there with no plan to disrupt the current business plans in existence (like Western Union).

Cheers

Looking forward to dividend payments tonight.