Holy crap tl;dr version:
For sale, 200 shares in Pon3 Mining Op. 1 Share = 1 GH/s SHA + 10KH/S scrypt, bidding starts at 0.03 BTC. In the future these shares will represent more hashing power, as 20% of returns is reinvested into the op. Mining ends March 4th, 2015, or 365 days after the last Antminer is received, whichever is later. All Antminers and hardware bought with 20% will be sold and profits split up, Scrypt hardware I already had will be returned to me.
I currently run a 2.0 mh/s farm and am looking to expand into both new Scrypt ASICs, and the next generation of Bitcoin mining. With a partnership from Unicornhasher, I will be making a hybrid mining op of both Bitcoin and Scrypt mining power. Shares will be sold in increments of 10kh/s of Scrypt and 1gh/s of SHA-256 power. Antminers will be supplied using his Hosting program, where miners are hosted in a failure insured place for 90 days, then shipped to me/a buyer at the end of it. If it is sold, all of the money will be distributed to the shareholders. Electricity costs will be taken right out of income for rigs at my location, I pay $.093kw/h. 20% of all income will be used for fixing hardware/investing in more, splitting 50/50 between Scrypt and SHA hardware. Resulting hashpower is distributed among shareholders. Bitcoin mining will take place on a majority rules vote done by the groupbuy the power is provided by, then by a vote done by Pon3 mining shareholders.
Scrypt mining will be done at a majority rules pool and exchanged bi-weekly to BTC. Payouts happen every Wednesday and Saturday. Each share will be released in an auction, starting at .03. If all shares aren't sold, I might have another with a lower starting price, or keep the rest. Scrypt mining will officially start on March 3rd, I will point the power at Middlecoin as my leases end and give the profits to early shareholders as a bonus. I have a new hosting location ready less than 2 hours away, so there will be a few hours down on a few days before the 3rd, but this doesn't affect BTC mining or any official Pon3 mining. SHA-256 will begin as soon as the Antminer for the group buy arrives. I may add shares at any time (out of my pocket), but not reduce the amount of hashpower one represents. Shares may be traded at any time between people by PMing me a PGP signed message with the new owner's username and Bitcoin address.
Important stuff: the Scrypt and Antminer terms are different at the end. Antminer selling profits are distributed among shareholders, Scrypt hardware that I already owned will return to me for personal use/renting out again. It comes with partial physical ownership of SHA hardware, and any hardware bought with the growth fund, but not the starting Scrypt hardware. If Scrypt ASICs ever get efficient enough to make GPU mining obsolete (electricity cost>mining income), that portion of the contract will end, and hardware will be returned to me. Bitcoin mining and all ASICs bought with the growth fund will continue to run and dividends will be paid for the whole year, still reinvesting 20%, sold at the end, etc... All downtime will be paid in full out of my pocket using our pool's calculator, hardware failure is covered by the 20%.
200 shares up for purchase, who wants them?
Features:
Not crazy electricity prices
At least two internet connections for miners at all locations
Hosted by 80+ power supplies always
Diversify between types of mining with one payment
Low entry cost
Antminer group buy:
https://bitcointalk.org/index.php?topic=455872.0Unicorn Hasher:
https://bitcointalk.org/index.php?topic=420784.0IPO auction:
https://bitcointalk.org/index.php?topic=460513.new#newI'll have a payment addy as soon as my blockchain finishes syncing, not trusting anything besides Armory for this. If you want to lock in your price with fiat, I could also accept a cash deposit at Wells Fargo.
