Buy shares of an ASIC miner?

[nkocevar]

How would I go about buying a share of an ASIC miner? Like could I buy 500 mh/s for x amount of btc on a 50 gh/s ASIC miner and in return get 1% of each "cash out" from the mining cut?

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[Birdy]

It's a share of their company, so if they earn money by mining or selling mining equipment you will receive a part of that.
You don't buy a certain amount of Mh/s.
If they upgrade their mining equipment you will also benefit from that.

[nkocevar]

It's a share of their company, so if they earn money by mining or selling mining equipment you will receive a part of that.
You don't buy a certain amount of Mh/s.
If they upgrade their mining equipment you will also benefit from that.

So nobody with only, say, 1 miner, would sell me a fraction of the hash rate of their miner?

[Birdy]

So nobody with only, say, 1 miner, would sell me a fraction of the hash rate of their miner?

Oh, there are a lot of people that do that.
They are called Perpetual Mining Bonds

On https://btct.co/:
E.g.
TAT.VIRTUALMINE
DMS.MINING
PAJKA.BOND

Usually they are a bad investment though.
Atm difficulty increases a lot and dimishes the returns for them.
Only if you believe difficulty will drop/stay the same or they are cheap enough (do calculations!), it may be a good idea to invest in those.

[spiral_mind]

There are people selling parts of their miner pre-orders' future profits. I wouldn't invest in them though. They are backed only by how much you trust the user.

Since they are individuals linked only to a forum name there is nothing stopping them from taking your money and paying you back nothing. Or from claiming they got less profits than they did and pocketing the rest.

[nkocevar]

There are people selling parts of their miner pre-orders' future profits. I wouldn't invest in them though. They are backed only by how much you trust the user.

Since they are individuals linked only to a forum name there is nothing stopping them from taking your money and paying you back nothing. Or from claiming they got less profits than they did and pocketing the rest.

It's really hard to trust people with a decentralized, untraceable currency, isn't it?

[spiral_mind]

It's really hard to trust people with a decentralized, untraceable currency, isn't it?

It's certainly harder to trust random forum users with a decentralized and anonymous currency. Bitcoin isn't supposed to replace the requirement for trust in the marketplace. It just replaces the need to trust central institutions that manage the currency itself with community created organizations which maintain it through collective public consent.