Pre-GLBSE Public call for investments in Mining co

[Mr. Piglet]

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.

[1715600948]

1715600948

[Mr. Piglet]

My creation fee should be on it's way Nefario.

[Mr. Piglet]

Update: website created and being improved on in prevision of IPO (see main post edit)

[BinaryMage]

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)

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. Thanks for your time!