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Author Topic: Anyone willing to invest in my cryptocurrency mining plan?  (Read 694 times)
TSLexi
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October 03, 2014, 11:50:49 PM
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Hi guys!

I plan to start a cryptocurrency mining operation, and I am trying to seek backers.

My plan is to buy 1.334 GH/s of altcoin hashing power from Genesis Mining, and reinvest 80% of the monthly profits in buying more hashing power from them, which should be enough to overcome the ever-increasing difficulty and the exchange rate fluctuations.

Buying 1.334 GH/s of hashing power will cost about USD20,000 (BTC56.042). I am willing to put up BTC4.2297 of that.

To come up with the rest,  I plan to issue a BTC denominated zero-coupon bond with a face value of BTC54.403 for a price of BTC51.8123 which matures in 12 months which is exchangeable into a 92.5% ownership stake in the operation. If you choose to exchange the bond for ownership, you will be paid a monthly dividend of 18.5% of the monthly profits of the operation. At that point, for managing the operation I will take 1.5% per month as a management fee.

Any questions?

Thanks for reading!
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Feneusens
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October 04, 2014, 08:17:32 AM
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Hi guys!

I plan to start a cryptocurrency mining operation, and I am trying to seek backers.

My plan is to buy 1.334 GH/s of altcoin hashing power from Genesis Mining, and reinvest 80% of the monthly profits in buying more hashing power from them, which should be enough to overcome the ever-increasing difficulty and the exchange rate fluctuations.

Buying 1.334 GH/s of hashing power will cost about USD20,000 (BTC56.042). I am willing to put up BTC4.2297 of that.

To come up with the rest,  I plan to issue a BTC denominated zero-coupon bond with a face value of BTC54.403 for a price of BTC51.8123 which matures in 12 months which is exchangeable into a 92.5% ownership stake in the operation. If you choose to exchange the bond for ownership, you will be paid a monthly dividend of 18.5% of the monthly profits of the operation. At that point, for managing the operation I will take 1.5% per month as a management fee.

Any questions?

Thanks for reading!

People will just buy directly from Genesis Mining..

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