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Author Topic: [VALID] Validation Error Hashery  (Read 1117 times)
hearnomore
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July 30, 2014, 04:14:11 AM
Last edit: July 30, 2014, 05:46:12 AM by hearnomore
 #1

Validation Error Hashery is open for business. We are currently in our funding IPO Stage to order the hardware and get things rolling.

Currently we are offering 2,500 shares at 0.005 BTC each.

In the event we fully fund this IPO, we will open up more shares down the road and will be moving into a permanent facility with the ability to add more hash power as we go. During the initial stage we will only have BTC mining equipment, but later we are looking into getting scrypt mining equipment.

Here is the link to our offering: https://coinsortium.co/security.php?ticker=VALID

Thanks and have a great day.
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drasted
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July 30, 2014, 04:31:08 AM
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Can't tell if this is meant to be a joke
dropt
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July 30, 2014, 04:59:40 AM
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So you want $6,000 to buy 4TH.  Have you ever mined before?  Where are your profit projections? What hardware are you planning to purchase?  What is your electrical rate per kW?  What pool are you planning to mine with?

DO YOU HAVE ANY IDEA WTF YOU'RE DOING?
hearnomore
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July 30, 2014, 05:42:57 AM
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The current price per KW/h is 10 cents USD. The total was an estimate to cover shipping expenses, and if there is enough left over, to purchase more equipment to continue to increase the hash power overall. I am also working with a local wind mill manufacturer on purchasing their product to decrease the amount of power that I would have to use from the electric company. Current projections are around 2.9 to 3.1 BTC per month at current diff. Of the 20% to goes to upkeep of the system, any remainder will be used to purchase more equipment to increase the hashing power. I appericate the questions that have been asked and I am thick skinned so I can take some negative feed back was well.

Thanks,
HearNoMore
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July 30, 2014, 12:37:14 PM
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... I am also working with a local wind mill manufacturer on purchasing their product to decrease the amount of power that I would have to use from the electric company...



RiverBoatBTC
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July 30, 2014, 02:15:37 PM
 #6

Validation Error Hashery is open for business. We are currently in our funding IPO Stage to order the hardware and get things rolling.

Currently we are offering 2,500 shares at 0.005 BTC each.

In the event we fully fund this IPO, we will open up more shares down the road and will be moving into a permanent facility with the ability to add more hash power as we go. During the initial stage we will only have BTC mining equipment, but later we are looking into getting scrypt mining equipment.

Here is the link to our offering: https://coinsortium.co/security.php?ticker=VALID

Thanks and have a great day.

Why would anyone invest in a half ass IPO listing like this?

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July 30, 2014, 03:24:09 PM
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The current price per KW/h is 10 cents USD.
Are these commercial or residential rates?  $0.10 kWh isn't very competitive to the people setting up colos in western Washington around $0.02 kWh.

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The total was an estimate to cover shipping expenses, and if there is enough left over, to purchase more equipment to continue to increase the hash power overall.
You haven't told us what hardware you plan to use.  What funds have you appropriated for supporting infrastructure?  I.e.: cooling, networking, security, etc.

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I am also working with a local wind mill manufacturer on purchasing their product to decrease the amount of power that I would have to use from the electric company.
And have you factored this into your IPO?  What is the cost per unit?  What kind of savings are you going to achieve?  How long will it take you to pay off the "Wind Mills" from the savings over just paying for grid power?  What kind of installation/maintenance costs are involved?

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Current projections are around 2.9 to 3.1 BTC per month at current diff.
These numbers (2.9 to 3.1) are absolutely meaningless.  You're not going to have any hardware running by the time this difficulty is up, and likely not before the next one is up too.  Further, a difficulty period doesn't even last a month.  Currently we're at almost 3 periods a month. 

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I appericate the questions that have been asked and I am thick skinned so I can take some negative feed back was well.

Since you have thick skin:  Stop this shit right now.  I've been a miner for over 2 years and this IPO has failure written all over it.  If you want 4TH, save your money and buy some HW.  You absolutely cannot compete with the big dogs, and you've not shown us that you have the background and required business acumen to actually make a success of this.
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