I'll throw up $50.
I suppose we will pay you this money with bitcoins??? What is the best way to turn a credit card into bitcoins?
What happens with the "profits", how can we monitor the progress, how this all gonna work, etc?
I imagine a bitcoind server would handle automated payments to participating members?Can bitcoin handle subscription payments?
Maybe paypal or cc subscription might be a good way to manage the monthly cost .
Forgive me for being an ass, but if you guys do this, there will be someone else who will think "I want a cut, but not share it" and do this too, and probably a 3rd one will emerge, and my gut feeling is that there isn't enough to share amongst everyone. We will be generating 50x the notmal amount and, while difficulty updates are capped, it is sure to throw many more coins on the market than we expect. And you guys see the inherent value of bitcoins, but others will not and just sell all they generate on the spot (on the month bill cycle, probably) at whatever price they get. Great for buying, but still...
Having said all this, I'm in for $50 too, and can create an automated manager, but I lack the time right now.