Shawn and I and the rest of the team are having a executive meeting in less than 4 hours to discuss what is needed to fulfill our goals. I will have a update following shortly afterwards.

I hear you. I am just not sure what to offer at this point. We need to sell about 8500 more shares to get a 5 TH contract. If I make a motion to pay out the dividends to only the first 20k shares is that something worth discussing?

Update : 11:08


I just got off the phone with the seller. I tried to negotiate purchasing 1 TH blocks as we are close to having enough for 1 TH now. They do not want to release anything less than 5 TH per contract which at least is a movement from the 10 TH.

More updates to follow.

Thank you for the encouraging words. I strongly believe in companies/corporations having  a grassroots connection to not only their investors but the community's they are operating in as well. I am not sure where it got written in that they have to be so monolithic in nature.




That is correct. That is the "rough" amount needed for me to feel comfortable signing this contract and get the rest of this project started.



OK..a few hours sleep and I feel refreshed..lets see whats up this monday morning.

Thanks!

I cant sleep..to excited. Curious to see how the reception is on the other side of the globe.

Ok folks..We are almost at 10% of whats needed to achieve launch. Not bad for the first night.


Again I thank everyone for the awesome ideas and support you have shown this project. Its very humbling.


I am going to bed but will be up first thing to answer any questions and to talk about getting this contract signed.

Good night.

I have revised the Prospectus to the following terms and updated the front page.

1.) PHASE I - Initial Offering


Our offering will be in two major batches, both of which contains 250,000 shares.   Initially, we will release 20,000 shares of the first 250,000. They will be price at 0.28 per share.

If the equivalent of 5,000btc worth of shares(17858 shares) or more are sold, we will go ahead and sign the contract to get our initial 10TH. We will then start hashing by no later than Aug. 30, 2013.
If we failed to raise 5,000btc by Aug. 30, 2013, all btc from investors will be returned minus transaction fees.

Starting from no later than Aug. 30, 2013, 100% of the mining revenue will be divided equally with shares sold and delivered as dividend for each share weekly.

END OF PHASE I - HASHRATE: 10TH


2.) PHASE II - Expansion

After the 10TH is online, we will be entering the second phase.    In this phase, we will hold on to the rest of batch one shares(230,000) until we have some firm deals available.   We are already in contact with BTCGarden to negotiate with their hashpower that goes online in mid September. Once we have some contract in hand, we will disclose the necessary details in an announcement and release the shares needed to do the purchase.   These shares released will be priced higher than 0.28btc/share to give an advantage for the initial investors.
We were once BTCGarden's shareholder, so as promised, we can get a discount on their 0.45btc/GH price. Also, we are going to order a large batch from them, we confident this can lower the price even further.    However, Alydian and BTCGarden are just our start. Our potential suppliers could be any current/future mining hardware manufacturer that could offer a competitive price.

Once we are established and running, we will not stop seeking for best priced mining hardwares in large batch until our first 250,000 shares are issued or we have obtained over 51% hashpower of the network.
END OF PHASE II - HASHRATE: Exact hashrate will be available once we have negotiated the price with potential suppliers, but should be well over 100TH.


3.) PHASE III - Second Batch Offering

This phase won't start until we have depleted the fund we raised from our first 250,000 shares.   The releasing process will be similar to phase II.
We will not retain any mining revenue until we have doubled the hash rate in the end of phase II using the fund from the second batch.

END OF PHASE III - HASHRATE: Exact hashrate will be available once we have negotiated the price with potential suppliers.


4.) PHASE IV - Reinvestment Phase

This phase starts when we have doubled the hash rate specified in the end of phase II.

After this threshold, 50% percent of the mining revenue will be retained as growth fund.

The details for this phase will also be available when entering phase III.

END OF PHASE IV

1. If we reach the launch threshold we will be paying in btc.

2. I have not. But soon as we reach launch I will make that request. I can literally almost look out my front door and see where it is. Its straight across the sound from me.

3. I do have unedited photos from Jinyoung of CoinLab showing the chips and board.

I have stated that we will release a price structure for the next batch of shares. I think that is most fair. Give a set time and date along with the expected release price.

You are absolutely right. I did not take it fully in to consideration I guess.  I would like to propose a change to make the release the 20k share for phase 1 with the second release to come after the 10th start to produce.

I am not sure the fairest way to go about this. I made a news announcement to stop trading in a few minutes so we can figure it out.

Thanks everyone.

Hey..sorry folks..emergency on the farm..had to reboot everything. Hostedmining customers..I apologize for the unexpected down time. Everything is coming back up now.

I will gather up the questions that need to be addressed and have a response shortly.

Thanks

Your slightest whim is my greatest desire.     The share is going live within the hour.

It still needs one more shareholder vote to go live. I take it in a very positive light that after this much time there are no negative votes and only 2 who have abstained. I am working on providing everyone with more specific details about phase 2 as well and hope to have that updated on the listing by this evening. Thanks

I apologize if it seems unclear or vague. I think it states whats needed and expected pretty clearly.

We need to hit the 5000 btc threshold...TODAY. Or within a few days at the very latest. These contracts are live and its first come first serve.

If the launch landmark is met and all shares are NOT sold we will make a motion asking that dividends be paid out to only the active shares or something to that effect. The management of the fund will be as simple and as transparent as possible.

@LOL   Your right..2 weeks is along time..especially with other vendors on the verge of rolling out products as well. That is why the Share is trying to gather a larger amount than is strictly needed, so it can leverage that buying power to obtain the best deal available for the investor. Between now and October its hard to say which manufacture is going to be selling the cheapest terahash.

I dont have any of those contracts in hand...I have this one 10TH contract..waiting to be signed. I can guarantee that it will start mining no later than August 30th. If this deadline is not met then additional TH will be provided to cover the difference at NO CHARGE to make up the lost revenue. If we generate more than is needed to lock down this deal and have enough to bid on more terahash that will have to be discussed. I believe if the offer funds fully I can get additional terahash immediately from Alydian but that would involve separate contracts.



1. I personally promise that the numbers we have calculated for this revenue fund are profitable to the best of my knowledge if we obtain the figures to launch phase I.      Is that clear enough?

I also personally promise to show any investor a spreadsheet with those figures once the contract is signed. Further more I give everyone my word this is as a legitimate a deal for the immediate roll out of asic miners as I have seen. I promise to be available to deal with any issues. I also promise to not bail out if it gets rough or there are problems. I am putting my personal and business reputation on the line for this. This plan has long term goals and investment strategies that no one else is even talking about.

All I am asking for is trust, some vision, or "madness" or what ever you want to call it, to get this live and see what the investors say.


 

@deprived    This is just not true. You are making a lot of assumptions on the price point. The exact figures will be disclosed to shareholders once the contract is signed.

"If the equivelent of 5,000 btc worth of shares or more are sold, we will go ahead and sign the contract. We will then start hashing by no later than Aug. 30, 2013.

If all 250,000 shares are sold, we will be working towards obtaining the additional 80+TH  and to prepare for phase II."

"2.) PHASE II - Second Batch Offering

This phase won't start until we have obtained at least the additional 80TH. The expected time for this to happen is around Sept/Oct 2013. Upon reaching this point, the rest of the 250,000 shares will be release to the market.

Before offering batch 2 shares, we will have an announcement notifying all shareholders of the upcoming release."

UPDATE :  I just edited some of the wording on the prospectus.



Introduction


HOSTED-MINING was created between one US and Canadian company to offer the very first GUARANTEE revenue-share HASHING date of no later than August 30th, 2013 for investors with an easily accessible investment vehicle without the large upfront cost of actually buying the hardware, monitoring and paying for electricity.

There are 3 Phases for Rollout of a minimum 10 terahash by no later than August 30th, 2013 with a GUARANTEE of additional terahash if the rollout is not met by this date to compensate for the difference of hashrate for days missed. The more shares that are sold, the more terahash we can obtain for everyone.

1.) PHASE I - Initial Offering

Initially, we will release 250,000 shares out of 500,000. They will be price at 0.28 per share.

If the equivelent of 5,000 btc worth of shares or more are sold, we will go ahead and sign the contract. We will then start hashing by no later than Aug. 30, 2013.

If all 250,000 shares are sold, we will be working towards obtaining the additional 80+TH  and to prepare for phase II.

Starting from no later than Aug. 30, 2013, 100% of the mining revenue will be delivered as dividend to these 250,000 shares.

END OF PHASE I - HASHRATE: 10TH + funds for additional 80+TH

 

2.) PHASE II - Second Batch Offering

This phase won't start until we have obtained at least the additional 80TH. The expected time for this to happen is around Sept/Oct 2013. Upon reaching this point, the rest of the 250,000 shares will be release to the market.

Before offering batch 2 shares, we will have an announcement notifying all shareholders of the upcoming release.

The details for the funding raised for this will come out together with the phase III plan, and definitely before announcing the release.

The batch two offering share price will scale with the hashrate we obtained at that point of time.

We will not retain any mining revenue until our company has doubled our phase II hashrate. i.e. 100% mining revenue will still be delivered as dividend to all 500,000 shares in phase II.

END OF PHASE II - HASHRATE: 90+TH + funds for future growth. (The details for the growth plan will follow in the next few weeks)

 

3.) PHASE III - Reinvestment Phase

This phase starts when we reach 180TH. After this threshold, 50% percent of the mining revenue might be retained as growth fund.

The details for this phase will follow in the next few weeks.

END OF PHASE III - HASHRATE: 1000+ TH

These figures are estimates only. Once we achieve the 10 terahash minimum the specific amounts needed for operational goals will be released.

HOSTED-MINING will begin mining no later than August 30th, 2013 with a minimum of 10 terahash if enough shares are sold to purchase the miniumum 10 terahash.

We are currently in negotiations with http://alydian.co backed by no other than CoinLab.com.

For every 9 (nine) shares of HOSTED-MINING sold, 1 (one) share will be paid to both Hostedmining, LLC and appA2z.com management as a founder's stake. Please note this is the only compensation we will receive and all operating expenses will be deducted from the dividends paid on these shares.

Please review the following estimation calculator at http://www.coinish.com/calc/ for investment due diligence.

We undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.

Although the Company believes that the forward-looking statements are accurate, there can be no assurance that any forward-looking statement will prove to be accurate.

If the regulators in your region require AML/KYC procedures for certain transactions, you will be asked to provide them at anytime per our request. Any US customers will be required to sign a due dilligence statement.

 

Executive Summary   
HOSTED-MINING is a new revenue share organization founded by two companies to enable a reinvestment strategy that will enable a solid return within the first 12 months of operation.

Joe already has an Alternate Coin hosting company in successful operation and has been building custom computer solutions for years. He has founded and ran 3 successful companys over the years and has a strong technical background.

Shawn is the uber alt-coin enthusiast that monitors market trends and solid investment strategies for the future.

 

Business Description   
Hosted-Mining is dedicated to bringing ASIC technology to bitcoin mining at a rapid and predictable rate. We have a set launch date with a strong commitment to rapid growth. Bringing terahash online and generating revenue into your wallet within days.

 

Hosted-Mining will stay on the cutting edge of bitcoin mining technology with an aggressive re-investment program. Our goal is to upgrade a Tier 3 datacenter in central Washington State with in 12 months to facilitate further expansion. We believe strongly in using renewable energy sources and being responsible to the environment. These ethics are the foundation of our long term goals and business model.

Definition of the Market   
We estimate that the total network at the end of 2013 with be roughly 2000-3000 tera hash.

Our goal is to NEVER go above the 51% threshold and sustain a return on investment to all those who join us in this exciting endeavor.

 

Upon launch if we acquire 10 terahash, Hosted-Mining will have aproximitely 2.5% of the total hash of the network. With the long term deployment plans of Phase 2 and Phase 3, ect..., Hosted-Mining will operate a minimum of 1% of the total network hashrate to insure long term profits and market stability.

We believe in core value's such as Integrity, Trust and Responsibility to the Enviroment and Community and plan to actively promote awareness of Crypto-currencies.

 

 

Products and Services   
CHIPS:

They are 65nm chips, and draw 3.5W/GH.
 
"Chips are aggregated into boards with 256 chips per board, and up to 8 boards per 'chassis'."

GUARANTEE

Hashing minimum of 10 terahash if sales of shares and negotiations with http://alydian.co are successful with rollout date of August 30th, 2013.

Please note that if the initial threshold of 5000 BTC is not reached, you will be refunded your shares minus the in and out charge from BTCT.co

Pictures will be posted to the forum.

Organization and Management   
Joe and Shawn will respond to all questions and queries on an individual basis.

If queries become overwhelming, an FAQ with the top-ten questions and answers will be posted via the blog.

Marketing Strategy   
FaceBook

Google ads

Forums

Twitter

Word-of-Mouth.

There is not other better way than telling your friends and family via email, twitter and facebook about a great investment vehicle.

Financial Management   
A spreadsheet will be built and shared via Google Docs for all detailed revenue sharing.


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



Please stop quoting out of context and take the time to read through it again. Then feel free to post your constructive criticism.


Thank you

Seriously...please reread through it.

https://btct.co/security/HOSTED-MINING


"Please note that if the initial threshold of 5000 BTC is not reached,..."

You have explained nothing. You did not even bother to read the through the offer and understand it.

There will be a release statement for the second phase.