MagicBit15 (OP)
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Let's Start a Cryptolution!!
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March 29, 2013, 09:44:12 AM |
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I keep seeing people "buying shares" and I have been googling to try and found out some info and alas I cannot. Could anyone help a newbie out and explain quick??
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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razorfishsl
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March 29, 2013, 10:11:06 AM |
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Basically it is a 'scheme'
Someone who wants to 'hold' hardware but does not want to put up the cash, gets a load of people to buy 'shares' in the mining throughput of the hardware, whilst they charge a % for electricity and hosting.
The shares *may* pay a % return.
Problem with many of these schemes is that they are setup without proper legal protection so if it goes tits up, or the person runs off with the hardware, then there is little you can do.
You pay's your money and you's takes your chances........
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ibite
Newbie
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March 29, 2013, 02:37:05 PM |
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ASICMiner are building a mining farm with their own ASIC chips. Unlike Avalon, they are not selling the chips/hasing modules. But you could invest in the company and get monthly dividends.
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nuhash
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March 29, 2013, 03:37:29 PM |
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Another alternative is pyramining.com, you pay a deposit which will buy you X amount of hashing power until your deposit and dividend is paid back, you can increase the dividend by chaining your own referral accounts or adding referrals (You can refer yourself an account and that will increase the dividend or you can refer others)
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razorfishsl
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March 29, 2013, 09:39:58 PM |
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And yet an even better solution would be to take your wad of Sweaty cash over to mtgox and buy some bit coins.
In the last 5 months the price is up nearly 800%.......
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prostcoins
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March 29, 2013, 10:27:06 PM |
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basically:
they mine bitcoins using their own hardware/ASIC's
they take out a fee from the total profits
they then divide the remaining profit among how many "shares" are outstanding in total.
this is called a dividend. depending on how many shares you own, you get so many pieces of the total profit.
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Jutarul
Donator
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Merit: 1000
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March 29, 2013, 10:31:46 PM |
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https://bitcointalk.org/index.php?topic=99497.0It's a crowd funded project, which started in 8/2012. It's the first serious ASIC powered mining farm. Buying shares will grant you the privilege to dividends and any future value appreciation of the company bitfountain.
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razorfishsl
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April 04, 2013, 12:31:23 AM |
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And yet an even better solution would be to take your wad of Sweaty cash over to mtgox and buy some bit coins.
In the last 5 months the price is up nearly 800%.......
Sorry 1500%, even if you took my advice you would have made 70% on your money in 5 days!!!! |
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scouzi
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April 04, 2013, 01:33:55 AM |
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I keep seeing people "buying shares" and I have been googling to try and found out some info and alas I cannot. Could anyone help a newbie out and explain quick??
I believe they are testing right now in the BTC Guild mining pool (And it shows)! |
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