Thats a start. 



UPDATE: After careful review I have updated the terms of the offer at www.BTCT.co.


Introduction

HOSTED-MINING was created between one US and Canadian company to offer the very first GUARANTEE revenue-share HASHING date of 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 roll out of a minimum 10 terahash by August 30th, 2013 with a GUARANTEE of additional terahash if the roll out 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.

100% of the mining revenue will be delivered as dividends to these 250,000 shares in this Phase.

END OF PHASE I - HASHRATE: 10TH



2.) PHASE II - Second Batch Offering

This phase won't start until we have at least tripled our initial hashrate. Upon reaching this point, the rest of the 250,000 shares will be release to the market.

The expected hashrate increment by September 30th, 2013 will be around 25-80TH (i.e. total hasrate: 35-90TH). 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 doubles our Phase II hashrate. i.e. 100% mining revenue will still be delivered as dividends to all 500,000 shares in Phase II.



END OF PHASE II - HASHRATE: 35-90TH



3.) PHASE III - Reinvestment Phase

This phase starts when we reach 70-180TH(depending on where we are at end of phase II). 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. We estimate another 100-1000 terahash.


END OF PHASE III - HASHRATE: 135-1090TH

1. Because I have an actual roll out date and contract in hand to put miners to work faster than anyone else.

2. Because I have the infrastructure in place to do this right now. The Plan, the financial management team..the attorneys..the location to start hosting, ect.

3. Because I am firmly established in the community and located in the same state as the contract supplier. This provides outstanding stability, security and a unique opportunity to make a world class mining center in a location that is remarkably suited for something just like this.

4. Because I believe that I have the right moral character to take on the responsibility of such a large and long term project and do the right thing.

5. Because I believe in bitcoin and everything it stands for and want the opportunity to promote its usage to the public globally.

I have a 1-888 number...and I have a NDA in my hand right now along with the actual contract for these miners. I would be happy to fax the NDA to you and have you sign and get it notarized and fax it back to me. Then I would be free to give you the information you are looking for.


Look guys..all the pieces of this puzzle are right in front of you. I am not trying to conceal anything or mislead you. This is where the term Due Diligence comes into play. I am under contractual obligation NOT to reveal to much until the sale is completed.

Thanks...thats solid advice. I appreciate that.

Having a broader set of protocols for operation will enable a quicker reaction to market conditions.


What I feel is the best scenario is basically this. The fund will make a weekly decision on the reinvestment and revenue amount paid to dividends. There might not be hash available for purchase certain weeks.There might be specific buy and launch dates.

This is the main reason for the vague terminology in some points of the offering.


CoinLab is in WA state.

The first voice of reason I have heard...thank you. That is exactly what I have planned. Yes...the figures look very scary to some at first glance. But please take a step back and and view the whole picture. I would and WILL gladly give every bit of revenue back to investors as quickly as possible. There is also the point that acquiring as much hash as possible as quickly as possible will lock down a strategic position for a long long time.

IF the fund is fully realized..there would be less need for the massive reinvestment phase and the ratio on revenue would be adjusted accordingly.

"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."


I think between 5-15% is a reasonable figure to shoot for. Once a minimum value is established all extra revenue would be diverted to dividends until such a time as more hash rate is required to meet and maintain that  number.

Please let me know what more I can do to help you understand.

Do you know the sales tax in WA state? 8.9%

Do you understand that the contract is only for 12 months..I would hope the machines can run a bit longer than that. I have a long term plan for hosting. And for investing into alternative energy  such as solar or wind to make the revenue even higher. The location I have in mind has all of this available for the people bold enough to make it happen.

How many 100+ chassis data servers have you put together and how much a month do you think these things cost?  I can tell you.

Pay for additional hosting or provide your own? What makes more sense long term? If we achieve the expectations of phase 2 and 3 there will be a quick need for a 20,000+ sf facility. Perhaps the fund will find a cheaper source of asics during the ramp up phase..and that company does not offer hosting?

I am trying to present what I can do...right now. Not what if maybe months down the road.

You are doing some type of mathematical error...

I think a 5% sell threshold is quite reasonable. I know the machines are ready to start working in a time frame nobody else can meet. I know there is genuine interest this from many people. I think the long term goals and strategy are solid.

No...not mad at all. Vision I would hope most would call it.

Almost.


Not for chips..for working running terahash miners. That I believe will go live on the launch date from everything I have seen. And if not there is a very generous clause to make up the lost revenue.

While I would be deeply honored if this was to fund fully on such short notice I do not expect that to happen. I would however like very much to reach the threshold needed to make this happen and show you what I have in mind.

With that being said, the amount of shares and price set is what we feel the market is looking for.

As for the founders stake...yes. For every nine (9) shares sold one (1) share will be held as a founders share. This is going to cover the costs of well...everything. Administrative cost's, filing fee's, taxes...what ever the partnership needs to cover what is a time consuming endeavor. The acquisition of the new hosting facility and many other long term plans will all be facilitated by the administration of this founders fund.

Please understand that after 12 months..the miners will be looking for a new home. With this in mind it just makes sense that the fund setup and maintain its own equipment at some point.

I will have another update soon...thank you.

I apologize for holding so close to the vest..but this is a very serious deal and there are alot of players..if I release to much info I feel as it can cause problems. I am trying to be as transparent as possible but please understand the limits I am under without having this contract signed.



This is what I can tell you.

There will be 500,000 shares available..as per what I have posted. The initial price is going to be .28 per share. We are targeting the 10 terahash threshold as the minimum required to meet the go/no-go clause.

The Tier 3 data center will NOT be disclosed...ever. For obvious reasons. I will provide detailed information on the coming upgrade that will be required.

I cant release specifics of the chips but can tell you yes..they have have been tested and function as claimed. They are a 65nm process and draw about 3.5W/Ghs. Once I have this contract SIGNED, sealed and delivered I will release all the information I am able. The contract has some stipulations about what can and can not be released.

I will provide what I am able to all vested shareholders at the appropriate time.

I have a firm price for the initial offering...I would prefer to get the remaining Moderator vote and just make a general statement at that time.

The contract is quite specific on the roll out date and what happens if the deadline is not met.

UPDATE : I have reopened this as the contract for the terahash is still available.

I have the contract in hand but there are other interests involved so now is not the time for messing around.
 
I believe in this project 100% if the required funding can be generated quickly enough.. This is possible and could lead to a significant revenue stream for years to come.

Here is what I have. A 10 terahash contract to start mining no later than August 30th, 2013. Any day past the launch date that the contract is not met will be guaranteed with added hashing to make up the difference in lost revenue.

If we are going to meet the required launch threshold we will need to act fast.  This still needs one vote to go live at www.BTCT.co. Once this goes live we probably have a matter of days to get the amount needed or someone else is going to scoop this up.

I am not particularly fond of deals that requires so much haste but this is the real as it gets. I have spent hours in talks with all parties and have spent countless hours reviewing the data and I am convinced this is a solid deal. If you believe in bitcoin and want to get involved into a program with long term goals..this is it.

I know I can secure this contract and provide a long term investment opportunity of staggering proportions with your help.

 

UPDATE to the UPDATE :  see the thread below this one. 

Update: I have not heard back from Alydian or Coinlab stating that everything is locked down. I am going to push the revenue share program through and see what happens.

Due to the sensitive nature of the contract I cant give you exact data on the ROI. Basic figures look outstanding though. Difficulty spikes are going to continue well into the first quarter of 2014 I believe.

I think everyone understands this will not be easy. All I can promise you is that I will do the best that I can.
With a guaranteed launch date and a sizable portion of the network strength I believe we can beat the competition to the punch and establish something very special. Something not just for the quick turn around but a long term viable mining operation that has not only the best interest of the investors in mind but also the environment and the btc community.

The location and infrastructure in the area I want to develop is world class. The power rates are the cheapest anywhere and the community and officials are welcoming companys such as this with open arms. Everything is aligning with this..I just need to have the faith and support of you..the investor.


Sincerely

Joseph Councilman (zif33rs)
Hostedmining

Bitcoin Blockchain Data
Difficulty: 37392766.136475  
Diff. Increase per day: 1.3753  %
Block Reward:   BTC
Blockchain data provided by blockexplorer.com
 
Utilization
Planned time to mine:  12 Months
Utilization:  100 %
Mining Hardware Data   Alydian ASIC
Mining Hardware:  Hash Rate: 5000000  MHash/s (5 terahash)
Number of units: 5
Investment: 232500
Power Requirements:  0 W
Power Cost:  0 USD/kWh
Exchange Rate:   USD/BTC
Pool Fee:  ? %
Time to Delivery: 2 Weeks
Exchange rate (weighted 24h average) provided by bitcoincharts.com
$100.4
Estimated Mining Results
Initial Coins per Day:  65.90257387
Initial Income per Day: 6589.60  USD
Reduction per Week: 10.3  %
Break-even:  31.9 Days
... considering reduction: 41.9  Days
Income/planned time: 2196850.80  USD
... considering reduction: 269139.94  USD

Remember: "Prediction is difficult, especially about the future"

These are some basic ROI figures for 5 TERAHASH. Depending on the amount that is funded this could be double. What I want you all to understand is that the 1st months ROI are pretty dismal..due to the large required reinvestment program. This is a rapid ramp up program to stay within a certain percentage of total network strength for ...well...ever.
I have some truly innovative ideas about the future distribution of the internet that dovetail nicely with this whole idea.

After meeting the necessary startup goal for funds the 1st month, we will reinvest 70% of the revenue generated into more hashing power. This will continue for 2 to 3 months or until Hosted-Mining is holding approximately 10% of the network strength. We will continue to leverage the profits to maintain this strategic position.

@Floor - The contract in hand states a MUCH lower price structure. Full details will be available once I set the initial price of the shares at www.BTCT.co.

@Rawted  - Thank you. You are correct.

Well...I should have known better...thanks for the reminder.     

 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






Hi all,

We just had an executive meeting. Our CFO shared some numbers with me through his calculation.

Since Alydian's hashpower is priced in USD, the number of coins we need to complete the purchase decreases as the price of Bitcoin goes up.

With the current Bitcoin price @ BitStamp, which is the exchange we are following, the number of coins needed has been reduced down to 3,800-3,900 Bitcoins (around 13,500 shares). (Figures will be available in a spreadsheet to public once the contract is signed.)

This means we can get the deal @ around 0.38btc/GH.

If the current price trend bitcoin persists, which should be expected as the difficulty skyrockets, by the time we get this deal, we are expecting an even better price @ 0.35-0.37btc/GH for 10TH available immediately.

PS: Any extra coins raised through IPO after purchasing will be given to the initial investor as dividend through first-week dividend payout or kept as growth fund, depending on the interest of the majority.

Cheers,
Hosted-Mining











Introduction

Thank you everyone for your support thus far! Wow! We are in negotiations with several of the current ASIC MINING vendors available in the market.

Tired of not knowing a DATE you are going to receive your ASIC mining hardware?
Have any of the companies you purchased from told you an EXACT DATE that you will receive your hardware?
Have you ordered ASIC Chips that are stuck in customs somewhere and no one can give you a straight up answer?

If these are questions that you do not have answers for, then, LOOK no further. HOSTED-MINING is here to help mitigate the international risk of not obtaining your share of the AMAZING BITCOIN market in time.
That is right. Time is ESPECIALLY crucial with Difficulty rising quickly.

WHAT HAPPENED when the HASH DIFFICULTY rose 35+%?
The PRICE of BTC rose.
What is going to happen with all the companies that supposedly will ship by Mid-September or October?
It will become more difficult to mine BITCOINS. If they miss their target dates, then what happens?

There are a lot of questions and uncertainty in this market and we want to make a statement, let's work together to raise funds and DEMAND dates from these mining companies or else give us more hash to compensate for time lost. SEEM unrealistic? It is not UNREALISTIC if we have the BTC to negotiate rates and TIMELINESS! Become part of our movement and let's work to specify hard DATES.

How many shares are outstanding for companies such as GOOGLE* (approximately 300M with an approximate value of {fill-in the blanks}? Net net, Billions. The BITCOIN network is a game changer.

HOSTED-MINING was created between a 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 roll out of a minimum 10 Terahash (referred to as "TH" forthwith) of mining capacity deployed no later than August 30th, 2013. With a GUARANTEE of additional TH in the contract to compensate for the difference in lost downtime if the launch date is not met.


1.) PHASE I - Initial Offering


Our motion is to increase the number of shares to 10,000,000 at .0028 each, with the release coming in 2 stages. Initially, we will release 5,000,000 shares of the first 10,000,000. They will be price at 0.0028 per share.

Starting from no later than Aug. 30, 2013 if we attain a minimum of 1,500,000 shares, we will start mining at 10 TH.  One hundred percent (100%) of the mining revenue will be divided equally with shares sold and delivered as dividends for each share once (1) per week.

END OF PHASE I - Hashrate: 10 TH minimum with the possibility of another 25TH+ by September 30th, 2013.


2.) PHASE II - Expansion

After the 10 TH is online, we will enter the second phase. During this phase, we release the rest of the available 5,000,000 shares to acquire guaranteed delivery dates.
We are already in contact with BTCGarden and other companies to negotiate for their TH which will be available in mid or end of September. DATES will be advertised soon.
We will disclose the necessary details in an announcement and release the shares needed to do the purchase. These will be priced 0.0056 or higher per share to allow a significant return on investment for our initial investors.

Our potential suppliers can be any current/future mining hardware manufacturers that will offer competitive pricing.

Once we are established and running, we will not stop seeking to acquire the best priced mining hardware until we have obtained 49% of network strength. This can only be accomplished with your dedication and support.

END OF PHASE II - HASH RATE: Exact hash rate will be available once we have negotiated the price with potential suppliers, but should be well over 100 TH.

3.) PHASE III - Reinvestment Phase

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

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

The details for this will also become available once we have entered phase III.

END OF PHASE IV

Please note that this contract can be changed at anytime if needed for shareholder advantage.

These figures are estimates only. Once we achieve the 10 TH 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 TH if enough shares are sold to purchase the minimum 10 TH.

We are currently in negotiations with Alydian, BTCGarden and other manufactures to acquire as much TH as possible.

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 diligence 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 TH 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 TH.

Our goal is to NEVER go above the 49% threshold of total network strength and to sustain a return on investment for all who join us in this exciting endeavor.

 

Upon launch if we acquire 10 TH, Hosted-Mining will have approximately 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 Environment 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 TH if sales of shares and negotiations with the contract supplier are successful with rollout date of August 30th, 2013.

Please note that if the initial threshold of 1,500,000 shares sold is not reached, you will be issued a refunded 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.