A couple of things:
- The most profitable alt is not litecoin and it hasn't been for a long time. So all 15 miners will only be mining litecoin? No waffle pool or clever mining? Why not mine these and then just buy litecoins with the bitcoins, you will end up with more litecoin?(it seems you have a thing for litecoin)
- 12% is way to high and a percentage doesn't make sense for buyers when the costs are fixed. Electricity cost stays the same, and once you set up the Titan's, you pretty much don't do anything besides payouts which can also be automated. According to the Titan listing page, it uses a standard ATX power supply thus limiting power consumption to max 1500 watts.
- 1500 watts costs about $205 per month at 0.19 kw/h per Titan
- 205 * 15 Titans = $3075 Total monthly electricity cost for all 15 Titans
- 12% of 100 MH/S equals over $940 per month in fees per Titan.
- 940 * 15 = $14100 in monthly fees for all 15
- 14100 - 3075 = $11025 in profit for you per month in fees alone, or $735 per Titan.(this is much higher than the 2% premium you are claiming above)
Even if difficulty triples(it won't), this equates to an over 200% markup on the cost to hosting the miner. Scrypt coin difficulty does not work like bitcoin because if difficulty spikes, miners change coins until it drops back down (see this Dogechain difficulty chart for an example). Thus, difficulty is not an excuse and the fees seem shamelessly high.
- Since we don't get any of the profit from selling the miner, isn't this more like a rental than a group buy? Group buy implies partial ownership and proceeds from the sale of the miner once unprofitable. You are actually proposing a 24 month rental. So basically you are charging a 12% fee on top of a rental that doesn't mine the most profitable coins.
No one in their right mind will buy shares in this because you are killing ROI potential in every stage: only litecoin, ridiculous fees and no ownership. Its been a couple of days and it seems like you haven't sold any shares, do you have any plans to change fee or ownership structure?
