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Author Topic: Pre-GLBSE Public call for investments in Mining co  (Read 7358 times)
Mr. Piglet
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April 13, 2012, 10:33:23 PM
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Hello,

as many might be aware, Butterfly Labs started providing some interesting mining equipment. The best one being quite expensive compared to the singles, I was wondering if anyone would like to finance a mining rig.

Name|Hashing power (mhash/s)|Power Usage (watt)|Price (USD)|mhash/$|mhash/watt
Single|832|80|599|1.388981|10.4
Mini-Rig|25200|1250|15295|1.647597|20.16
Source: http://www.butterflylabs.com/products/

As you can see, twice the power efficiency and almost 20% more mhash/$. It is an interesting options but quite prohibitive. Up here in Quebec I have cheap hydroelectricity so I was wondering if anyone would want to invest in a mining operation.

If you'd like to potentially invest and get my private info and, PM me. Also, add namjies on skype to have a chat. I'll have a group for news about the operation, to keep people updated.

Contract (motion) pending with creation @ GLBSE.




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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a transaction fee.
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Mr. Piglet
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April 14, 2012, 01:28:05 AM
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My creation fee should be on it's way Nefario.
Mr. Piglet
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April 16, 2012, 06:55:52 AM
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Update: website created and being improved on in prevision of IPO (see main post edit)
BinaryMage
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April 17, 2012, 01:07:27 AM
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Hope you're ready for some questions.

1. "Cheap" electricity? Numbers, please.
2. BFL has a hugely backed-up waiting list. It could take multiple months for the hardware to arrive. Thoughts/plans?
3. According to what I see on your website (quoting for reference)
Quote
If equipment maintenance expenses are less than 10%: 10% will be kept for electricity and administration fees. [...] 40% of generated bitcoins that are kept aside will be kept for: repairs of broken mining equipment if possible and interesting costs-wise, replacement of broken equipment and purchase of new equipment.
50% cut from profits? This seems excessive. The 10% for electricity and administration is fine, but 40% for replacement? IMHO that's way off the mark. You mention that could also be used for purchasing more equipment, but you don't elaborate. Who decides when/what?
4. You state that you're planning to verify your ID. Do you have any references here on the forums (people you've dealt/worked with before)?

No ill intent, I just like information. Wink Thanks for your time!

-- BinaryMage -- | OTC | PGP
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