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Author Topic: [CLOSED] Call for investors. Let's build a huge bitcoin mining DC together.  (Read 11961 times)
filharvey
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June 14, 2011, 10:57:58 PM
 #61

Nice idea, however be aware that GLBSE is using Bitcoins _only_ but you pay this contract in GBP (which is far from USD parity btw). It might become impossible for you (and shareholders) to track whether my 1 BTC share should be worth 1 share (because I bought it at a price of 20 USD/BTC) or 2 BTC (bechause I bought it at a price of 40 USD/BTC) or 0.5 BTC (because in the meantime, a BTC is only worth 10 USD). You might burn or overrate initial investors, depending on the Bitcoin rate.

Yes, have taken the consideration of GBP to USD to BTC. For USD it is about $24k which is needed (at 1.6). That is why I said 3000 @ $10 and 1500 @ $20. That is over what is needed, but would cover costs if less, and I'm sure that the extra could be used for renting of other machines from valdimir.

What you could do, would be to NOT hand out any shares, until there are enough buy offers to fill the contract. Then on day X release all shares, which are immediately sold, cash out and everyone's happy, because everyone has paid the same value in USD per share.

That would be nice, but offers are sometimes never paid up. I guess, there could be something in the contract that, if not enough shares were sold, all money would be returned via a dividend payout.

Just make sure there is no confusion what this is - it seems to me rather like a fund than a company, meaning even though 85% of the money generated is paid out to 100% of the share holders, it is still you who has ultimate decision power as the manager, I guess.

Actually yes a Fund is a better word for it.

I guess in case the Vladimir contract goes south, you could just get as much money for this as possible, convert it into BTC and pay it off as final dividend - currently there's no way I know of for a shareholder to really identify himself/herself to you in a secure way, so hardware could be sent via mail or so.

Yes, that would be the main option. All hardware would be sold, and company(fund) liquidated back to the investors.

Phil
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Vladimir
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June 16, 2011, 09:42:28 PM
 #62

a photo from DC3, taken a few minutes ago.

There are funs and there are FUNS!



5870 is for size reference here


Launch on Monday.

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Nefario
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June 17, 2011, 01:15:07 AM
 #63

a photo from DC3, taken a few minutes ago.

There are funs and there are FUNS!



5870 is for size reference here


Launch on Monday.

You're not building a data center at all, your justtrying to make one of those jetpack things you saw on youtube  Tongue

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
TiagoTiago
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June 17, 2011, 03:57:00 PM
 #64

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Fiyasko
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June 17, 2011, 04:18:04 PM
 #65

30% is a pretty big cut Vlad

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
Vladimir
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June 23, 2011, 06:55:21 PM
 #66

30% is a pretty big cut Vlad

Sure it is. I do pretty good job for it though.

Perhaps it is more suitable for those who seeks risk and worry free mining experience. Those who prefer to pay twice perhaps can find something less expensive.

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Vladimir
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June 23, 2011, 07:01:17 PM
 #67

DC3 was officially launched this week. Lots of capacity can be made available rather quickly now i.e. lead time is expected to be less than a week.

A little photo to tease you, just two power cables coming in ATM, but 10 more can be added very quickly and easily when needed:








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Vladimir
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June 23, 2011, 07:04:17 PM
 #68

a photo from DC3, taken a few minutes ago.

There are funs and there are FUNS!

photo of funs

5870 is for size reference here


Launch on Monday.

You're not building a data center at all, your justtrying to make one of those jetpack things you saw on youtube  Tongue

Nahh.. those things weight 35 kg each. I could not even lift them to the mounting point myself (they damn big too). Had to call in some help.

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