The Bitcoin Mining Club | TERRA-BULL
Our goal is to give everyone a chance to mine Bitcoin with 100% the profits and 0% the headache
We are offering 1(one) Terahash(TH/s) of our Bitcoin Mining Club equipment to the public for the first time ever. This first batch of Mining Shares are category “A” shares: TERRA-BULL.A
. Each share entitles the owner to 100% of the profits from 100 MH/s. A total of 10,000 shares will be available in this initial public offering at a cost of BTC
0.1 per share. A total of 1,000 BTC is expected to be raised and be used towards new ASIC equipment and administration of The Bitcoin Mining Club.The Bitcoin Mining Club | TERRA-BULL website: terra-bull.comGeneral Mining Asset Brief: terra-bull.com/securities/mining-asset-brief/TERRA-BULL.A Brief: terra-bull.com/securities/terra-bull-a/Edit:
The projected release of the TERRA-BULL.A shares to public investors is scheduled for Monday, July 22nd @ 10 AM EST
This date is tentative if all goes well with a community review over the next few days before the deadline. We reserve the right to move the date back if issues arise from community members that we are unable to remedy before the deadline. The date will not be moved forward for any reason.
TERRA-BULL.A mining shares Brief
• Our goal is to give everyone the chance to mine Bitcoin with 100% the profits and 0% the headache
• Offering 5/6th's of our mining equipment for public investment will allow us to purchase more equipment to grow The Bitcoin Mining Club (tBMC) and it's investors.*
• Providing early investors an opportunity to double their hashing power with future equipment.
The Bitcoin Mining Club | TERRA-BULL owns 1.2 TH/s worth of Bitcoin mining equipment that will be online and hashing in September/October of this year (2013). We are offering 1 TH/s or 1,000,000 MH/s of this equipment's mining capabilities to the public in the form of TERRA-BULL.A mining shares. The remaining 200,000 MH/s will be used for administration, maintenance and other company costs solely by TERRA-BULL.
TERRA-BULL.A shares are tied directly to these (3) Jupiter miners
from KnCMiner as a whole**. Shares aren't tied to a specific machine. 10,000 shares will be released to public investors and will represent 1,000,000 MH/s (1 TH/s) of The Bitcoin Mining Club's mining capabilities. Each TERRA-BULL.A mining share represents 100 MH/s of the total 1 TH/s. These shares are not subject to any fees*** and are entitled to 100% the profits, paid out in weekly distributions.
Shares will be priced at BTC
0.1 and a total of 1,000 BTC is predicted to be raised with this initial public offering by TERRA-BULL.
All distributions will be made at the end of each week on Sundays, Eastern Standard Time (EST). By joining The Bitcoin Mining Club | TERRA-BULL and buying mining shares a shareholder has provided a Private Bitcoin address that will receive distribution payments. Distributions are the total revenue generated by 1.2 TH/s minus mining pool fees and minus 0.2 TH/s controlled by tBMC. Remaining 1,000,000 MH/s of revenue is divided by 10,000 and passed on to the shareholders.
TERRA-BULL.A mining shares have no voting privileges. They are only mechanisms of receiving profits from Bitcoin mining hardware solely owned by TERRA-BULL.
TERRA-BULL.A mining shares never expire. A share will always represent 100 MH/s of The Bitcoin Mining Club's mining capabilities. As hardware eventually becomes non-profitable or corrupt new hardware will be purchased by TERRA-BULL and shares will be switched over to the new equipment.
SECTION 7*Future Equipment
Revenue from sales of TERRA-BULL.A mining shares will be used to grow The Bitcoin Mining Club and reward early investors. Over time different share offerings will be open to the public and designated "A", "B", etc... TERRA-BULL.A shares are directly tied to the equipment detailed above.
Upon successful completion of this round of shares we will purchase at least 4 TH/s of new equipment for tBMC. At that time we will dedicate 1 TH/s of the new purchase to the TERRA-BULL.A share holders. Essentially splitting the stock 2:1 (not a traditional stock split) or 20,000 shares. Each share still representing 100 MH/s, but of a total of 2 TH/s; with share holders still earning 100% of the profits and 0% fees.
The remaining 3 TH/s will be offered to the public as a future group of mining shares and for company administration related to The Bitcoin Mining Club | TERRA-BULL.
SECTION 8Exchange Listing
Currently TERRA-BULL.A mining shares aren't listed on an exchange. That may change in the future as we weigh the administration time and investor's feedback. The Bitcoin Mining Club | TERRA-BULL website will always have the latest information for shareholders. A Public Asset List and Distribution List will be available on www.terra-bull.com
as well. The public asset list will contain the Public Bitcoin address all shareholders provided during their purchase and will contain fields like 'asset','address','shares',. The distribution list will keep all historical data related to shareholder revenue payouts and will contain fields like 'dates','hashrate','total shares','total revenue','revenue per share'.
In the event TERRA-BULL.A shares do get put on an exchange we have put into place the proper communication channels to do a seamless move. All share holders will be kept up to date by email communication.
TERRA-BULL.A shares are fully transferable. Sales and/or transferring of shares on the open market is encouraged and will be honored by TERRA-BULL at no charge to either party. Private email correspondence can facilitate all requests.
If, for some reason, our manufacturer fails to deliver mining equipment on order a full refund will be returned to investors. Announcements through email, on our website and on the forums will be made to make every effort to inform shareholders of their right to request a refund for non-delivery of hardware.
SECTION 11Data & Privacy
Purchasing TERRA-BULL.A shares only requires a valid email address and (2) Bitcoin addresses. We value our shareholder's privacy and will secure these forms of id to the best of our ability. Email addresses will be used for communication and verification. The Bitcoin addresses will be used for the public asset list and for distributions. Each shareholder will need to provide all 3 in order to purchase TERRA-BULL.A mining shares. While the public asset list is available to the public for accountability and a distribution list is available for historical data, the private distribution addresses will be kept private.
In the unlikely event of TERRA-BULL closing mining operations, the company will offer a sale of all assets. First to shareholders and then to the community.
SECTION 13Fees & Downtime
All administration and maintenance fees are covered by TERRA-BULL except mining pool fees. **Pool fees are taken out before any revenue is taken by tBMC or it's shareholders. ***In the event of downtime with the equipment revenue lost effects tBMC and it's shareholders equally.Example of downtime incident:One of the machines from the TERRA-BULL.A batch is rebooting and updating. The downtime effects all TERRA-BULL.A shareholders but not TERRA.BULL.B shareholders.
We will do everything in our power to get the miners back to hashing as soon as possible.
SECTION 14All Rights Reserved
The Bitcoin Mining Club | TERRA-BULL reserves the right to:
• Choose hardware manufacturers for our mining equipment.
• Allocate revenue generated by the sales of mining shares of our equipment towards general company costs such as administration and maintenance.
• Deny transfer of shares between 2 or more parties if security requirements are not met.
• Choose if, when and what exchange to list TERRA-BULL.A mining shares on in the future
End of BriefUpon successful completion of this round of shares we will purchase at least 4 TH/s of new equipment for tBMC. At that time we will dedicate 1 TH/s of the new purchase to the TERRA-BULL.A share holders. Essentially splitting the stock 2:1 (not a traditional stock split) or 20,000 shares. Each share still representing 100 MH/s, but of a total of 2 TH/s; with share holders still earning 100% of the profits and 0% fees.
We are very proud of the strength of this offering compared to the competition. When you compare the MH/s to BTC
with TERRA-BULL.A shares and high-end GPUs, FPGAs, Block Erupters and other low watt hardware either being sold or being developed we hope you see the value we are putting on the table too. An easy cheat sheet for your own due diligence is:
Asset (1 share) TERRA-BULL.A mining share
Total Hashrate (MH/s) 100 MH/s
Total Cost (BTC
per 1 MH/s BTC
ROI* Between 2-4 Distribution Cycles
And as an added bonus to early investors, we plan on dedicating 1 TH/s of the planned 4 TH/s in new mining hardware to TERRA-BULL.A shareholders. So an initial investment with The Bitcoin Mining Club will look something like this:
Asset (2 shares) TERRA-BULL.A mining share
Total Hashrate (MH/s) 200 MH/s
Total Cost (BTC
per 1 MH/s BTC
ROI* Between 1-2 Distribution Cycles
*Return on Investment: This is tBMC’s calculation that takes into account the rise in Difficulty and the relationship of BTC/USD