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Author Topic: HydroMining  (Read 7447 times)
cuz0882
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June 04, 2012, 01:49:22 PM
 #1

News

Things may be on hold for a while. You can msg me directly if you have questions.

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Vernon715
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June 04, 2012, 02:21:57 PM
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Why is it called hydro mining?

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zerokwel
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June 04, 2012, 02:26:07 PM
 #3

Hydro as he's using cheap hydropower ?

what price are the shares going to be?
How many are going to be issued?
what happens if you no longer want to offer this buyback rates etc?
Or if your equipment blows up etc?
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June 04, 2012, 03:04:52 PM
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are you using hydro power?

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Sukrim
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June 04, 2012, 03:09:16 PM
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0.0208 of what per kWh exactly? USD? EUR? BTC?

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June 04, 2012, 03:13:36 PM
 #6

Is this a bond or a share? If it's a bond, we don't really care what your power costs you. It makes no difference to payouts as these are calculated according to a formula for the PPS expected output. Your costs are included in the price you offer the bonds for. And the hardware is yours. Bondholders have no claim. But if it breaks down, the issuer is liable for replacing it.

For a share offer, power costs do matter as they are expenses of the company. Shareholders generally have a claim over assets in liquidation and are liable for expenses in replacing faulty hardware not covered by warranty.

Do a bit more research of the current offerings and what terms they have and work out which category you fit in.

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June 04, 2012, 03:15:29 PM
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Is this a bond or a share? If it's a bond, we don't really care what your power costs you. It makes no difference to payouts as these are calculated according to a formula for the PPS expected output. Your costs are included in the price you offer the bonds for. And the hardware is yours. Bondholders have no claim. But if it breaks down, the issuer is liable for replacing it.

For a share offer, power costs do matter as they are expenses of the company. Shareholders generally have a claim over assets in liquidation and are liable for expenses in replacing faulty hardware not covered by warranty.

Do a bit more research of the current offerings and what terms they have and work out which category you fit in.
+1

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cuz0882
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June 04, 2012, 04:06:14 PM
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Is this a bond or a share? If it's a bond, we don't really care what your power costs you. It makes no difference to payouts as these are calculated according to a formula for the PPS expected output. Your costs are included in the price you offer the bonds for. And the hardware is yours. Bondholders have no claim. But if it breaks down, the issuer is liable for replacing it.

For a share offer, power costs do matter as they are expenses of the company. Shareholders generally have a claim over assets in liquidation and are liable for expenses in replacing faulty hardware not covered by warranty.

Do a bit more research of the current offerings and what terms they have and work out which category you fit in.
It is a bond like stated above. The power costs may not seem to matter, but  if I could no longer afford to mine because of high power costs it would matter. I would not invest with someone who had low profit margins with the block reward dropping to 25 soon.
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June 04, 2012, 04:26:18 PM
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are you using hydro power?
That's why I used the name..
Vernon715
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June 04, 2012, 05:39:28 PM
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are you using hydro power?
That's why I used the name..

Are you generating the hydro power? If not, how are you sourcing your power?

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Vernon715
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June 04, 2012, 06:03:21 PM
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Ok. Thanks.

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Blazr
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June 04, 2012, 06:09:52 PM
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As mentioned, if its a bond we don't care about your electricity price. If it becomes unprofitable to mine, most bonds will buy back the shares at a higher price.

Anyways I'm interested, mainly due to it being hydropowered. Is there a buy-back clause, and when do you plan to open the IPO?

Busy ATM.
Vernon715
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June 04, 2012, 06:14:11 PM
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As mentioned, if its a bond we don't care about your electricity price. If it becomes unprofitable to mine, most bonds will buy back the shares at a higher price.

Anyways I'm interested, mainly due to it being hydropowered. Is there a buy-back clause, and when do you plan to open the IPO?
+1

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cuz0882
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June 04, 2012, 07:04:31 PM
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As mentioned, if its a bond we don't care about your electricity price. If it becomes unprofitable to mine, most bonds will buy back the shares at a higher price.
I guess we can agree to disagree on that.  I've looked at a lot of the mining bonds. I have not seen anyone with a guaranteed buyback price.
Quote
Anyways I'm interested, mainly due to it being hydropowered. Is there a buy-back clause, and when do you plan to open the IPO?
I'm not in a hurry, I wanted to get some feedback first. Maybe a week or two. I would not have a buy-back clause just what's listed above.
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June 04, 2012, 07:20:30 PM
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As mentioned, if its a bond we don't care about your electricity price. If it becomes unprofitable to mine, most bonds will buy back the shares at a higher price.
I guess we can agree to disagree on that.  I've looked at a lot of the mining bonds. I have not seen anyone with a guaranteed buyback price.

Nearly every mining bond out there has a clause similar to "Buying back for 110% of higherst trade in the last 5 days" or so. You seem to be wanting to offer a share in your mining operation instead...

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June 04, 2012, 07:27:53 PM
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I'm very interested.  Will keep an eye out for the IPO.

Vernon715
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June 04, 2012, 07:34:28 PM
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I'm very interested.  Will keep an eye out for the IPO.

Same here. However, I think that there are a couple of rough spots in your presentation.

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cuz0882
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June 04, 2012, 07:54:35 PM
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I'm very interested.  Will keep an eye out for the IPO.

Same here. However, I think that there are a couple of rough spots in your presentation.
Ya, I was filling out the GLBSE forms this morning and needed a link for bitcointalk. Figured I would get a chance to work on it before anyone posted..
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June 04, 2012, 07:56:19 PM
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sounds good

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cuz0882
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June 04, 2012, 08:03:26 PM
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I guess we can agree to disagree on that.  I've looked at a lot of the mining bonds. I have not seen anyone with a guaranteed buyback price.

You didn't look hard enough then. All of the mining bonds have a buyback clause, those selling shares of a mining company don't have a buyback clause.

YABMC:
THE ISSUER can buy back the bond at any time at a price equivalent to 105% of the highest price the bond was last traded on GLBSE over the previous 15 days (360 hours).

Bitbond:
The bond issues reserves the right purchase back coupons at 110% of the 15 day average trading price on GLBSE.

So just to clear things up, are you selling a bond, or shares in your mining company?

Not trying to argue with you or find fault in your operation, just want to get this clear as I'd like to invest. I don't think many people would invest in a bond without a buyback clause as it wouldn't make sense, you would be promising to pay us the mining proceeds forever and would have no way of cancelling the bond.

I thought I already had listed the buyback price earlier. It's up there now. Most bonds can be repurchased buy the issuer. I don't see how they could guarantee a price at liquidation though.
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