So what are we buying exactly?
Hello S4VV4S,
SWMC will be offering hosted Hashing Power that is built on the Wasp and Hive platform. This should provide the GB'er with a faster turn around on their investment. You won't have to wait for several months for your investment to start hashing for you. And no guessing on when the hardware will be delivered because the Wasps are designed to be built using any chip, we will be able to mine Bitcoin as well as other altcoins including Litecoin, Protoshares, Bitbar or any one of them you can imagine. We will know exactly how many chips we can get and approximately when they should arrive. Our goal is the speedy implementation of available miningware. This is a no-preorder service, your purchase funds are put to work building a Wasp as soon as there are enough funds to pay for the components. And, SWMC will not sell a Contract for Hashing Power if the time frame for delivery doesn't have a reasonable amount of assurance.
The cost to build one Wasp is not nearly as much as buying a whole unit from most of the companies out there. The result, fewer GB'ers have to purchase a contract in order for SWMC to acquire the miningware and you don't have to wait as long. SWMC will also serve as a retail provider of the miningware, so, if you have a group of people that want to purchase and receive the physical miningware, you'll have that option. If you bought hosted miningware (and you own the entire Wasp or pay for it over time) and you want to have physical possession of YOUR miningware, SWMC will ship it to you!
Have your own chips? SWMC will be providing a fabrication/assembly/hosting service as well. Want to sell your own hardware? Use SWMCs fabrication/assembly service and will also warehouse and dropship your branded product orders for you.
You will also have the option to sell your Hashes on SWMCs own Hashing Exchange when it is ready (a similar process as with CEX, but with needed improvements.)
There is one additional option that SWMC is offering, in order for our service to function properly, we need to have chips on hand, or at least paid for and being shipped, at all times. That will take some serious upfront cash if we want to get the lowest price possible, so SWMC will serve as a chip distribution center. To accomplish this, SWMC will serve as an organizer of Raw Chip Buy Co-ops. This is a great opportunity to make some extra profits for anyone who wants to contribute. For Chip Buys, a GB'ers funds will be used to purchase the chips needed in higher volumes, so we can get the lowest prices possible. Once the chips are in hand, SWMC will mount them to a Wasp PCB, then either use them to fill GB orders, sell them retail or use them to add to the Hashing Exchanges pool. If a GB'er invests in a Chip Buy Co-op, they will receive a profit on the resale of the chips once they are mounted to a Wasp PCB and sold. Or, the GB'er will have the option to sell the Hashes that their chips provide on the SWMCs Hashing Exchange. If a GB'er wants to sell their hashes on the exchange, they'll only have to pay SWMC for their portion of the fabrication/assembly fee. Think of this offer as being a way to get in on the retail side of the crypto-coin mining industry. Instead of buying miningware to mine with, you will be on the side of selling miningware. If you really want to mine, then diversify as a hedge against Bitcoins volatility by using your profits from a Chip Buy Co-op to leverage your own funds into more Hashing Power than you can now afford.
SWMC will also coordinate with other chip buyers so that we can pool funding together to buy higher volumes, saving money for us all. SWMC will not charge a markup fee for Chip Buy Co-ops, just a shipping and handling fee. So if you are wanting to purchase Raw Chips for your own company's production, join SWMC in a Raw Chip Buy Co-op and reduce your chip cost as much as 25% or more. It shouldn't just be the big mining farms and manufactures who benefit from large volume purchases, let us work together for the benefit of all.
