Hi, I am new to bitcoin and this is my first post on this forum. I'm interested in this offer and just have a few questions, if anyone is willing to clarify this for me it would be greatly appreciated!
So firstly, you mentioned that this is "geared towards US persons". Do you mean that you are strictly only accepting offers from US citizens, or just that you'd prefer US citizens? Being from Australia, am I still eligible?
Anyone is welcome to buy, we love Aussies.
Reading the thread it seems you are accepting offers from previous customers first. So when will you open up shares at 0.295 for the public?
Accepting public sales now. You'll get owner pricing on future group buys.
Regarding the management costs, from what I understood I will have to pay 15/month for the Antminer, and roughly 2/month for the scrypt rig, for a minimum of 120 days as stated in your terms, is that correct?
For the first 120 days hosting fees are deducted automatically from your earnings. We should have the ability to take fiat payment for hosting soon, in which case you could get all your mined bitcoin if you pay the hosting directly. After 120 days you can continue to have the hosting deducted from your earnings as long as the miner is profitable to run.
I'd like to know to my options after the 120 days. If it continues to be profitable after 120 days of course I'd like to continue running it. But if it is no longer profitable, I assume you would stop running it and we would be free from having to pay the hosting fees? But since I would still own 1/10 of the machine, and you obviously can't send 1/10 of a machine physically through the mail, what happens exactly to my fractional ownership?
To get out of your hosting obligation you would need to own 10 shares, and take physical delivery. If you own less, and they reach the point where they are no longer profitable, you can walk away ~ you will lose your ownership if the hosting fees are not met. We'll have some upgrade paths as well in the future.
