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chalidore
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August 09, 2013, 07:00:26 AM |
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I'm selling shares in hashing power of 10 units. Totaling 4000 GH/s. the price is .25 btc per share. Each share represents 1Gh/s. A total of 4000 shares are available.
Hosted in a climate controlled environment. payout daily. The farm will payout 99% of profits after electricity/rent costs (nominal). 1% is kept on an operating account of the farm to pay for incidentals (for ex: Ethernet/USB cable replacement, power cord . and time to administer payouts etc...)
Changes to operations can be done by voting. Each share owned represents 1 vote.
This will run until it is no longer profitable. equipment will not be kept by anyone, but will be auctioned off and the final proceeds will be split up.
Geez Canary... 4000 shares x .25 BTC = 1000 BTC You're charging 1000 BTC for hardware that costs 560 BTC. Don't you think that's a little ridiculous? Did you mess up in your post/math? This is essentially what I was getting at. I will probably just buy a rig. I like $14/gh better than $25/gh. I gotta admit, Canary has been awesome with customer service and delivery. Any excuse to throw more BTC at him is tempting. |
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CanaryInTheMine (OP)
Donator
Legendary
 Offline
Activity: 2352
Merit: 1060
between a rock and a block!
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August 09, 2013, 07:01:34 AM |
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I'm selling shares in hashing power of 10 units. Totaling 4000 GH/s. the price is .25 btc per share. Each share represents 1Gh/s. A total of 4000 shares are available.
Hosted in a climate controlled environment. payout daily. The farm will payout 99% of profits after electricity/rent costs (nominal). 1% is kept on an operating account of the farm to pay for incidentals (for ex: Ethernet/USB cable replacement, power cord . and time to administer payouts etc...)
Changes to operations can be done by voting. Each share owned represents 1 vote.
This will run until it is no longer profitable. equipment will not be kept by anyone, but will be auctioned off and the final proceeds will be split up.
Geez Canary... 4000 shares x .25 BTC = 1000 BTC You're charging 1000 BTC for hardware that costs 560 BTC. Don't you think that's a little ridiculous? Did you mess up in your post/math? yes! it's late... sorry about that! fixed |
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chalidore
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August 09, 2013, 07:12:11 AM |
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.15 BTC/GH!  I am pulling BTC off the exchanges now. Canary, please put up a counter showing how many shares remaining available. I assume these shares will be transferable, and there will be a system to handle transfer of ownership? If so, details on that too please. Canary, it is because of people like you that Bitcoin has been, and will continue to be, such a massive success! Cheers! |
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stex2009
Legendary
Offline
Activity: 1134
Merit: 1000
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August 09, 2013, 07:23:06 AM |
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Tempting. Will read up on the details on this company and Want to get 2-3 BTC worth to spread my investments.
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leepsteer00
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August 09, 2013, 07:31:08 AM |
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So, have you purchased those units already?
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HeRetiK
Legendary
Offline
Activity: 3108
Merit: 2177
Playgram - The Telegram Casino
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August 09, 2013, 07:33:32 AM |
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Interested! So, have you purchased those units already?
Same question. |
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CanaryInTheMine (OP)
Donator
Legendary
Offline
Activity: 2352
Merit: 1060
between a rock and a block!
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August 09, 2013, 07:36:43 AM |
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Order is placed.
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kmtan
Full Member
Offline
Activity: 196
Merit: 100
I love Bitcoin
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August 09, 2013, 09:03:52 AM |
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interesting..
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duquevalentino
Newbie
Offline
Activity: 25
Merit: 0
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August 09, 2013, 09:32:59 AM |
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As I see how's Canary doing business I think he definetively deserves trust. I'm going to buy 60 shares.  |
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redmetal
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August 09, 2013, 09:36:37 AM |
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Funds sent for 14 shares  |
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CanaryInTheMine (OP)
Donator
Legendary
Offline
Activity: 2352
Merit: 1060
between a rock and a block!
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August 09, 2013, 09:43:41 AM |
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Funds sent for 14 shares added to the list |
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duquevalentino
Newbie
Offline
Activity: 25
Merit: 0
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August 09, 2013, 09:51:10 AM |
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duquevalentino; 60; 9; 7484644ac2b0cafc51406ff0a880a8e201a2de291f7a156659af4a92c2132cf1-000; 1NJChbdFGZrudH7syvoMAKLwnWYrQpJXSh; 1NJChbdFGZrudH7syvoMAKLwnWYrQpJXSh
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leepsteer00
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August 09, 2013, 09:51:38 AM |
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Do you acccept Paypal for payment?
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CanaryInTheMine (OP)
Donator
Legendary
Offline
Activity: 2352
Merit: 1060
between a rock and a block!
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August 09, 2013, 09:56:02 AM |
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Do you acccept Paypal for payment?
sorry, I do not. |
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CanaryInTheMine (OP)
Donator
Legendary
Offline
Activity: 2352
Merit: 1060
between a rock and a block!
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August 09, 2013, 09:56:27 AM |
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going to get some rest... will update shareholder list later on.
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hasher87
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August 09, 2013, 10:01:05 AM |
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I hope can get a few shares at least..im out till the next 12 hrs!
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leepsteer00
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August 09, 2013, 10:17:28 AM |
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Order is placed.
Any proof of that? Sorry but that will make me feel safer to invest in. |
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MikeMike
Legendary
Offline
Activity: 2254
Merit: 1020
★ Ⓚ KORE TEAM Ⓚ ★
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August 09, 2013, 10:25:45 AM |
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Can somebody please provide the calculations on this investment
showing ROI after Increased difficulty and October/Early November delivery?
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letuslook
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August 09, 2013, 10:44:54 AM |
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What will happen if they are not able to deliver this machine?
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drofdelm
Newbie
Offline
Activity: 39
Merit: 0
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August 09, 2013, 11:11:01 AM |
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Can somebody please provide the calculations on this investment
showing ROI after Increased difficulty and October/Early November delivery?
I've been pondering the same thing. The question you have to ask yourself is what do you think the average rate of difficulty increase you expect to see? To me it seems that we are entering explosive difficulty growth. The next difficulty increase to hit looks to be about 30%. If that is sustained you are looking at 50-60% growth per month. While not perfect I found a good calculator I like to use. It would be nice if it did more than monthly difficulty increases but it's close enough for rough numbers. You can find it here: btcinvest calculatorI plugged some numbers in and assuming 50% difficulty growth per month you would get about a 66% return on your .15 btc invested over one year. ROI would be achieved after nine weeks of hashing assuming it starts on November 1. So you are looking at ROI, with these assumptions, by January 1. You can find the calculator with the parameters I used here: btcinvest assumptions. The two major factors here are of course delivery time and difficulty. I'm very tempted to jump in on this. I'll probably make a decision early next week but wouldn't be able to get funds for many days. |
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