Pandora's Bitcoin Junction (Shareholders wanted)

[-FaerO-]

Hello. I am interested in 20shares to start off with. You seem dedicated to your vision & I believe there is great potential for growth here. First I would like an update on the status of your progression. Any information you think may be worth sharing. I will trust your better judgment for the time being. Also, I may have a web dev for you if you are still interested

-FaerO-

[WolfCalvary]

Im in for at least 10 shares once i get some funds transfered.
Seems like a good investment, i may buy more in the long run.

[PBJ]

Well I was just getting ready for an update.


Right now I am waiting on the first shipment of hardware. It should be in by Monday-Wednesday. It will be the first mining rig.

I still need a web developer to help build the site. Then we can start offering other services. I already have the SEO and advertising down. I just need someone for web dev.

Other than that. We still need more investors to get the rest of some basic funding down. So I can continue to open accounts with Ingenico and a few warehouses.

I have 2 distributors for different hardware right now. One for video cards specifically and the other for base sys HW for now.

Their should be more updates in the next day or two.

Thank you.

[Ten98]

There has been nothing stating off the shelf components. Along with many many other ideas.

These are just to open the doors and have a small ROI from the beginning.

Especially since I have found a way to build these rigs for quite a cheap price. I have been talking to distributors all across the globe to get the best prices. Since finding the best prices will never be found in a retail environment. I decided to make a few phone calls. Now the same rigs people are spending $1200+ we will be spending $600 or less.

There are also plans to expand into many other markets. Like setting up a proper 2048 bit openvpn service. Another is web hosting/VPS services. Along with selling hardware. Not just video cards.

Prepaid cell phones, herbal supplements(from reputable companies), toys for kids, dev kits, and so much more. 

Another will be for voip service. Which will take a little while to set up with pstn lines around the globe.

Possibly start another mining pool as well. Not sure on that one though as there are many out there in the wild now.

As for the super computers. That falls under research of new hardware and implementation. As right now AMD is working on some new hardware. Which all I can say is(because of NDA). It will blow the current cards out of the water. Plus there are ways to utilize other hardware. That would also come under R&D.  Also finding the right distributor of the new hardware will be a bit of a challenge to get the right price.

Diversifying is a good idea, and all of those things you mentioned have the capability to be profitable, but only if you focus on a small number of them. If you attempt to do them all at once you are sure to fail. The "so much more" part really worries me, especially since it seems to be pretty much you on your own running the whole show.

Talk to any exec at AMD and they will always tell you they are about to release some amazing hardware which blows everything out of the water, it's very rarely true. I'm not saying you're lying, but you certainly seem to be buying into what people have to tell you a little too easily.

So I have some concerns, but what the hey. I'll invest a few coins in you. If half of what you're saying is true then you might just make a success out of this. I'm interested to see if you can make me any kind of return. 

[PBJ]

It actually is not just me. The other 2 people are quite involved. But they have their own things they are working on.

They are not paid employees as they are family. So that is a savings right there.

Right now I am mainly working on just 3 fronts besides the rigs. But those are where contracts and a web dev will be needed.

As I am setting up a contract with a company that will allow us to sell almost any prepaid card in the world. From prepaid debit/moneypak to cards for MMO's to console game cards to gift cards to restaurants and a lot more than I can think of now. Another is setting up an online shop to sell goods. Another I am keeping secret to the public for now. The web dev and I will know about it.

I know their is not a lot the investors see that I am doing behind the scenes. But it is quite a lot. But I do have help with the phones and translating. I also have help with the hands on stuff. Just need 1 more person to get this going hardcore. I may be looking in a different forum on Monday. This is if no one wants it from this forum.

Thank you.

[-FaerO-]

I have sent you 2 PMs. Im quite interested in purchasing some shares also, have a good associate who happens to be a great web developer. Get back to me. I'll be awaiting your response

-FaerO-

[PBJ]

Sorry it took so long to reply. I just did not see you in my inbox. I have replied to your PM now. Thank you

[xylo]

I'll buy a couple shares.  Ehh... why not.   They're .11 BTC right?
                   

Correct me if I'm wrong.                                        Correct me if I'm wrong.

[PBJ]

They are at a steady 0.109.

Unless the market has another drastic change.

Thank you all for your investments. We are getting a chance to start strong here.

[-FaerO-]

Just made the glbse account & made the xfer of 5BTC for now. I'll buy some shares as soon as they show up in my account

[PBJ]

Thank you

[-FaerO-]

Thank you

Check your PMs. I messaged you. LoL

[PBJ]

I just got the PM's.

I guess I accidentally ticked the box to alert me via email.

It is fixed now.

I must have ticked it when I edited my signature. Sorry.

Thank you for helping me find this error.

[rph]

Are you going to distribute the mined BTC as a dividend? So that, if I hold 10 out of 45,000 shares,
and your rigs produce about 10 BTC a week, I'm going to earn 0.002 BTC/wk?

So we can rationally value the shares -- please disclose:

a) How many BTC the Company is producing per week
b) Whether the Company retains them (as capital), or somehow distributes them to shareholders?

[PBJ]

Right now we are still waiting on the hardware for the first rig.

It will produce about 1.2-1.4gh/s.

For the amount of BTC/wk is hard to calculate with the difficulty going up at such random intervals.

100% of all BTC earned will be distributed evenly among the shareholders. As I will be holding 51% of the shares or what shares have not been sold until such time as the company is stable and can be handled by its shareholders.

In turn I will be reinvesting 95% of the dividends from those that I will be holding. As the other 5% will be kept for overhead and emergency reasons. The overhead may change in the future. All depending on how big we can get.

All distribution of dividends will be through GLBSE.com.

Thank you.

[-FaerO-]

Are you going to distribute the mined BTC as a dividend? So that, if I hold 10 out of 45,000 shares,
and your rigs produce about 10 BTC a week, I'm going to earn 0.002 BTC/wk?

So we can rationally value the shares -- please disclose:

a) How many BTC the Company is producing per week
b) Whether the Company retains them (as capital), or somehow distributes them to shareholders?

Great question. Even better response. Im so excited to watch this project grow

[trentzb]

Just to clarify the math...at this moment if the first rig was online it looks like at 1.5 Gh/s you would be doing ~5.5 BTC/wk of which 49% goes as dividends to shareholders which amounts to 2.695 BTC/wk shared among 22050 shares so if I hold 1000 shares (costs me 109 BTC) then I would stand to get 0.12 BTC/wk ($1.20 USD/wk) as a shareholder?

Is my math correct?

[-FaerO-]

Just to clarify the math...at this moment if the first rig was online it looks like at 1.5 Gh/s you would be doing ~5.5 BTC/wk of which 49% goes as dividends to shareholders which amounts to 2.695 BTC/wk shared among 22050 shares so if I hold 1000 shares (costs me 109 BTC) then I would stand to get 0.12 BTC/wk ($1.20 USD/wk) as a shareholder?

Is my math correct?

It seems correct to me as long as you realize that each share is only 0.109BTC & not 109BTC... HUUUUUUGEE difference

Though PBJ will probably clarify it for you wholly.

[trentzb]

1000 shares * 0.109 BTC each = 109 BTC (~$1090 USD)

ROI = 0.12 BTC/wk (~$1.20 USD/wk or ~$62.40 USD/yr)

Is that right?

[-FaerO-]

1000 shares * 0.109 BTC each = 109 BTC (~$1090 USD)

ROI = 0.12 BTC/wk (~$1.20 USD/wk or ~$62.40 USD/yr)

Is that right?

o0o. Im dumb. My mistake. I didnt catch that. LoL