Hi guys!
I plan to start a cryptocurrency mining operation, and I am trying to seek backers.
My plan is to buy 1.334 GH/s of altcoin hashing power from Genesis Mining, and reinvest 80% of the monthly profits in buying more hashing power from them, which should be enough to overcome the ever-increasing difficulty and the exchange rate fluctuations.
Buying 1.334 GH/s of hashing power will cost about USD20,000 (BTC56.042). I am willing to put up BTC4.2297 of that.
To come up with the rest, I plan to issue a BTC denominated zero-coupon bond with a face value of BTC54.403 for a price of BTC51.8123 which matures in 12 months which is exchangeable into a 92.5% ownership stake in the operation. If you choose to exchange the bond for ownership, you will be paid a monthly dividend of 18.5% of the monthly profits of the operation. At that point, for managing the operation I will take 1.5% per month as a management fee.
Any questions?
Thanks for reading!
People will just buy directly from Genesis Mining..
