Just added a little more capacity, now the company hash rate is up to 6.8GH/s. I can increase the hash rate by 1GH/s for every 0.22 BTC. This is a shared profit mining company, rather than selling shares based on hash rates, we sell shares that offer a share in the profits based on the total amount invested.
i have 2 ghash that i can use for my account that you made for me (the bitminter one), would that mean that i receive about 1/4 of the "profit" from the "shared profit mining company" at least until you or someone else adds more ghash that is
Sort of, when you make a deposit under 0.5 BTC the funds are Rolled Over, that means that all the profits are re-invested into buying new hardware. The RollOver continues until the balance in your BitShare account reach a minimum of 0.5 BTC at which point you can cash out or purchase a Standard Contract. Or, you can let it stay and RollOver until it reaches 1.5 BTC, then purchase a Founders Contract.
The ghash that you currently are contributing only fund your BitShare account, this is not part of the company mining activity, so all of the bitcoin that you generate is yours, its just that it is credited to you as an investment in the company. Your profits will come from the mining hardware that is purchased with your funds. One way to think of it is that if 100 people invest 1 BTC and the profits from mining equal 100 BTC, you then would divide the profit of 100 BTC by the total BTC invested, which in this example is 100 BTC. So, dividing the profit of 100 BTC by the total investments of 100 BTC we get this: 100/100 BTC or 1 BTC is outlaid to each investor who's BTC investment was used to purchase the given hardware. So your where very close to being correct. It is important to note that once your BitShare deposits have been outlaid, you no longer receive profits from the hardware unless you purchase a Standard or Founders Contract and select the
RollOver Option (ROO) with the Slow Return On Investment (SROI). If you select the ROO-SROI, you will not only earn dividends on the hardware your funds where used to purchase, but you earn dividends from the total hash pool of the company, that means from all of the mining hardware purchased with investor funds. Doing it this way protects the investor from an exponentially declining rate of return that occurs when you invest only in a set amount g-hashes. Which, by the way will turn into t-hashes, then p-hashes and beyond. That means that your g-hashes today will be worth absolutely nothing in the near future as they will in all hash based payment systems other investments. SolarWind believes that if an investor deposits funds to help build the company, then the investor should be rewarded with a portion the profits for as long as the company remains in business.
lots of coins produced when the tornados keep happening! Tornadocoinzzz!!!weeeee
Sounds like a fun altcoin, maybe we will develop that in the future. It could be used to purchase amusement park tickets! weeeee
