Where did you get the 150 BTC from?

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. 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!

how do i get short on these shares?

Since Tawsix is crossposting his offer everywhere and scammers are the big issue for open, trust based developments here is a link to my posting in the other forum why i am 99% sure this is a scam.
http://bt.irlbtc.com/view/8208.msg122096#msg122096

Exactly my thought, therefore my investment in SIN. If he's a scammer, well then some of my money goes down the drain.
On the other hand, if he's not, I'll get a recurring income every month.

I'd love to see more of these projects rather than mining at home (starting to get tired of the noise from my mining machine) or buying expensive capacity/month.

If there was a way to keep anonymity and still be able to create projects like this without the risk of being scammed, it would be perfect.

I'd love to see such a project from a more reputable community member.

Handing out shares for mining rigs is actually a great way to rent mining capacity imho and would also be much better for "micropayment" and short term contracts than the current usual 1000+USD contracts.

Promise to build a rig and keep it operational, create shares for that, keep 5-10% of the shares (or whatever you calculate and what is competitive amongst the market) to keep your business running and cover electricity costs etc. and sell the rest of the shares to investors while paying the dividend daily. 50% overhead and a full business is a bit too much imho... These SIN shares would rather be used for speculation than for actual dividend income, as the expected income is far too low compared to for example Vladimir if he would start handing out shares for one rig as an experiment.

Great stuff

+1

I wan't to be able to manage my bitcoins in a similar way of what I'm doing with my non-virtual currency.
Since 7 years back, I've been feeding my money making machine and making a very good return from it, the basic idea is to put all my money to work.
With you suggestion this makes this possible.

I don't have a problem with him getting half the returns either.  I do have a problem with him getting +95 initially.  I also don't like the idea (or maybe I do) that I can buy the 4,999th share at the same price as the people who bought the first hundred, months down the road when I'll be taking much less risk than the initial investors.  I also think it's understandable that he wants to hold a majority of stock, but I'm not sure if that's best for investors.  A vote could be taken to cancel dividends at any time.

Investment-wise, I'd prefer a scheme like DISHWARA where he expected to sell out his IPO shortly.  Or I would prefer a series of rounds of investment, expected to sell out, to fund growth.  Start with 1000 shares, release 500.  Once that's profitable and stocks are in demand, create another 1000 and release another 500 at a higher price.  etc.  Or use different preferred stocks, but I don't think GLBSE supports that.

I'm not in the scammer camp, I just don't see why hist time is worth so much more than my BTC, especially at a high risk Angel/VC stage of investing.