TAT.VIRTUALMINE represents perpetual virtual mining "bonds" at a value of 1MH/s.*This is asset is being offered for the following purposes:1. To provide the most affordable and competitive alternative to other mining assets currently available.
2. To provide an easy choice for investors to earn mining rewards without the responsibility and hassle of running personal mining rigs and farms.
SharesEach 1 share of TAT.VIRTUALMINE represents the equivalent of 1MH/s of hashing ability at current mining difficulty at the time period for which each dividend is paid.
Dividends/PayoutsEach TAT.VIRTUALMINE share has the right to 100% of its respective "dividends". The amount of the daily payout is defined as the average mining rewards that would have been generated in the previous 24 hours by 1MH /s of hashing power at the previous day’s mining difficulty at 12PM EST. "Dividends" will be paid daily and are not subject to any management fees, electricity costs, or miscellaneous expenses.
Initial Public Offering The initial public offering has begun. Shares may be issued at fair market price at any time, as long as TAT Investments has sufficient backing (see below).
Backing of BondsThe total amount of bonds issued will always be backed by a quantity of ASICMINER shares that represent an amount of hashing power that is equivalent to TAT.VIRTUALMINE’s total simulated hashing power, as determined by
http://www.asicminercharts.com/live/ or the most recent hashrate as verified by ASICMINER staff.
Note: If ASICMINER shares begin to represent a decreasing amount of hashing, or if ASICMINER stops hashing altogether, TAT Investments will stop issuing new bonds until a sufficient alternative backing source can be established.Reserved RightsIssuer reserves the following rights:
1. To issue additional shares as the market demands
2. To buy back shares at any time within the listed parameters
3. To make changes to this contract that represent the best interests of its shareholders
4. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation
Voting RightsThere are no voting rights associated with these bonds.
Buyback RightsThe issuer reserves the right to buy back bonds at a price equal to 110% of the highest price the asset was traded for over the prior 7 days
or 200 times the value of the most recent dividend.
DissolutionIn the event that the issuer chooses to, or is forced to, close this asset for any reason, a new operator may be vetted and chosen by TAT Investments to take over control of the asset, or all bonds will be bought back by the issuer.
LinksLink to buy this asset:
https://btct.co/security/TAT.VIRTUALMINE Issuer InfoTAT Investments is a Tier 6 BitFunder trader, trusted member of the bitcointalk.org forums, and issuer of the popular TAT.ASICMINER assets. Identity information has been provided privately to BTC-TC as a gesture of good faith, and an avenue for emergency contact.
A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s untimely demise or hospitalization.
IRC: on Freenode, ThickAsThieves
E-mail: tat.investments -AT- gmail.com
* The formula used:
D is the current difficulty
H is your hash rate in Mhash/s = 1 MH
B is the current block reward in BTC = 25 btc
(H*B/D) * (60*60*24 * 65535 * 10^6 / 2^48)
