I would also recommend signing at least one post to this forum so that we can be sure you are the same person that is issuing the SIN stock.
I'm currently posting from my laptop, and my keys are on my desktop, so I will do this as soon as I get access to it again
1. Your powerpoint presentation was good, but I would also like to see a complete business plan posted. If nothing else, to prove that you are serious about putting the time into this project.
Off the top of my head, some other information I would like to know:
2. More details on the rigs you plan to buy
3. Cost estimates on support equipment: UPS, racks, cabling, monitors, kvms, etc.
4. Projections on profits based on changes to the exchange rate and difficulty rate.
5. At what USD/BTC rate does it stop being profitable?
6. At what difficulty rate?
7. You mention increasing capacity to compensate for difficulty increases. How will you determine the required capacity increases? Will it be a static 15% of revenue? Will you attempt to keep a constant BTC generated per day?
8. Any pictures you are willing to provide of the physical space where the cluster will reside.
9. How exposed is the space, do you anticipate any issues with humidity or dust?
10. Do you own the location, or rent?
11. How do you plan on securing the location? Who else will have access to it?
12. Will you be paying yourself a salary for managing the cluster?
13. Will you pay yourself rent for the location?
14. Will the cluster be sharing power with your residence? If so, how do you plan on determining the power usage of the cluster vs personal consumption?
15. When do you plan on paying dividends? Monthly, quarterly?
16. Will you be providing financial reports? When, and what will they contain?
1. I'll see what I can do about putting together a more thorough plan together.
2. The rigs I will be purchasing will be bare minimum rigs with two 5850's in each. I will be bargaining for bulk prices (not accounted for in estimate price in presentation) and they will be housed in server rack cases.
3. Shipping was factored in with the price of each rig, and I have literally thousands of feet of network cables, plenty of racks, and plenty of switches, as well as a kvms and adequate connections, etc. I will be using a lot of capital that I already own, which will not be charged to the business.
4. I really can't claim to be an expert at predicting the changes in difficulty. However, I have noticed that as the difficulty rises, so does the exchange rate of BTC (in general) and this means that even if less BTC is being generated, more USD can be bought with them, which means that the business will still be able to continue expansion, even in the event of less BTC being generated.
5. I hesitate to speculate on this, because if the price becomes too low, miners will drop out, difficulty will fall, and the business will be generating more BTC (which will obviously be worth less than before, but more will be produced to counter this).
6. Once again, I hesitate to speculate. The only time that I believe it will become unprofitable to mine at this scale will be in the event that Bitcoin collapses or is somehow shut down, or if people lose confidence and stop using it. Looking at the history of difficulty, network power, and price, the market seems to even itself out.
7. The 15% growth problem was pointed out earlier in this post or another (I have made several in different parts of the forums so I sometimes forget where certain information was discussed) but that number was pulled off the top of my head. Actual growth will probably be closer to 45-60%, depending on difficulty hikes and network power. The number of Bitcoins mined will not be maintained (it will inevitably drop), but the actual value of the amount mined will increase.
8. I will try to get some pictures up of the space soon!
9. The space will be enclosed and free from dust. The location is very dry and has air conditioning capabilities in the case of humidity problems (hasn't been an issue in the past, and I don't foresee it being an issue in the future.)
10. I own the location.
11. Firstly, I will make sure that no one knows there is anything valuable in the building (which I think is the biggest security hazard no matter what your situation is!) Secondly, the building is always locked and monitored. I will be the only one who has access to it, and also the only one who knows its contents.
12. I have not decided on this as of now. I have considered it for setting up the cluster, but as far as managing I do not think that I will be paying myself for that (if I later deem that it is necessary, I will put it past shareholders first and try to estimate how much it will cost.)
13. The business will not be paying for renting the space, the space is empty at the moment and I see no need to burden the business with such an expense (I really want this to work, which is why I'm cheating in a few spots to give it the best start I can
14. The cluster will not be located in my home, and all power consumed will be by the cluster itself (and lighting while I am working on it)
15. I'm not really sure, quarterly would be the absolute maximum, and I would really like to hear suggestions from investors concerning this issue. I'm just not sure, but I would think monthly, mostly so electricity can be paid and deducted from profits.
16. I will be providing financial reports monthly. The reports will contain purchases, expenses, revenue, some projections, and a small state of the business address.
I hope I answered your questions fully, some of this is a bit touch and go, but I feel like things are starting to flesh out. I appreciate your interest, these kinds of questions help others as well as you!
I am very happy to announce that more than 400 shares have been sold, and the business is on the fast track to getting started! Thanks again to all those who have shown support!