Our website includes a business plan and 1 year projections check them out!
IPO release by Aug 15th
NOT A BOND!
********Update 08/09/12********
Pre release sales .120 per share, It will be released at .125!
7% discount on release price purchases over 100 shares
Private Message if interested in either
********Update 08/11/12********
Mining starts on Tuesday Aug 21 first
Insurance starts on Monday Aug 20th
We will be starting with about 5ghps mining equipment.
or .65 per share!
********Update 08/15/12********
Still set to start mining on the 21st
Now up to about 6.5ghps in equipment with the addition of 5X 5830s
puts us up to about .86 per share. We will be at 1mh per share soon!
********Update 08/22/12********
About 1 gig is hashing right now still waiting on parts, oh usps how I love you.
First dividends paid out for trade profits and whats been mined.
********Update 08/29/12********
2 Dividends paid out! With that being said all this is not mining profit, some of this is investments made before the gear got here. Might see some slack in the dividends then a boost as all the gear comes online. We are waiting for parts from new egg...ERRR! and a couple other essential other parts to come in, with that being said here is a partial list of our inventory.
GPU's
5830 x6
5850 x2
5770 x1
7950 x1
6950 x 8 and 1 broken
5HD different sizes
2 Gigabyte 970a-d3
1 gigabyte 870-ud3
1 asus m5a99x
1 400w psu
2 600w psu
1 1250w psu
1 1080w psu
2 15 inch fans
1 steel rack with rubber spray on texture
11 PCIe 1x -> 16X
2 16x=16x 1 broke
3 2gb ram
3 sempron 140 w/fan
1 sempron 130 w/fan
Bunch of other stuff just got to sort it out and log it
********Update 09/15/12********
4th Dividend Paid! We are almost Mining with all GPU's now! WE NEED MORE POWER! lol more PSU's that is the 400 well it sizzle sizzle lol. The 1080 is more like a 600 FYI, do not buy a power cooler 1080psu just get a good 600w. The stupid thing can not even power 3 GPU's with out cutting out. We got 2 new mobo's up and running, they both got 4 cards running on them right now. I got 2 old boards for sale both 970a-d3 and 3 IDE hard drives. The hard drives are neweggs fault yet again for shipping the wrong thing.
Some pictures of the Rigs
Welcome to BitCoin Mining Investments
We will be offering 6000 @.125 BTC or market value.with 1500 shares staying as mine for pay as operator
Total shares 7500
65% Profit is put towards dividends
35% Profit is put towards Growth of operation
The equipment and growth fund are owned by shareholders 100%
Low cost of power for the USA about 0.76
Operator is Registered to do business in his state
If failed company will sell 100% assets and split between all share holders, After the final disposition of the equipment and growthfund, It will be split minus the cost of the action.
All equipment purchases or changes after the initial will be put to a vote, voters with more then 1% stake have the right to put forth motion.
Terms
1) 65% of all mining revenue will be distributed to shareholders in the form of dividends ( referred to as "dividends"). These dividends will be paid monthly, split evenly among all shares regardless of class or issuing date.
2) 35% will be used to invest in additional hardware, decrease the cost of mining, and/or pay for long term operating costs of the company (henceforth referred to as the "growth fund").
3)Operating costs "General Maint" will taken out of the profit then divided into dividends and growth fund. Any operating costs that exceed the ability of the growth fund to cover will be borrowed from the dividends until covered. Dividends borrowed in this manner will be paid during future payment period(s) using the growth fund until repaid in full.
4)In the event of liquidation, 100% of the revenue from sales of the assets and 100% of the growth fund, minus any expenses incurred from the operation or liquidation of the company will be paid to shareholders.
Common Questions and Answers
Q. Why should I wait for the equipment delivery when I can get hashing now? Why should I wait for returns?
Answer: Because you are actually buying the equipment with others. You have a right to 100% of the equipment's sale if it is voted to be sold if and when people want to stop the operation. You get lower administrative fees and better advantages that way for waiting some time and pre-funding your own equipment instead of buying a fraction of a current mining operation.
Q. Why 35% reinvested?
Because under that model, we would get more and more shares for simply replacing the equipment, basically keeping the same hashing power for a growing amount of share while still having to sell as many shares at the same price for each replacement. Shares dilution would occur and the operation would die out since people don't pay for the replacement of the equipment power associated to their shares. Getting new shares sales to pay for the replacement of the hashing of your old shares would not be right. Equipment needs to be replaced and extra equipment added for the shares to gain value and the operation to grow. You also need growing hashing power to compete with increasing difficulty.
Q. I am afraid others won't buy or like it. What if shares don't sell fast enough and my funds are withheld for a long period until we can purchase equipment?
Answer: There's a maximum period for the IPO of 2 months OCT 15th don't think people should scuttlebutt interfere with how they place their money. If the goal amount is not reached then we will vote on what to do next to refund or invest the money.Its going great no need to worry!
People such as Gweedo are not allowed to post, Only BitCoin Mining Investments post are allowed! NO OFF TOPIC!
