I agree, we are all trying to estimate network hash rate to varying degrees of success. I was in no way inferring that you were being dishonest or deceitful, just optimistic.
I do have one last question that has been nagging at me and I'm surprised it hasn't been discussed. Initially with the 100k shares, you seemed to have issued yourself 16,666 of the 100,000 shares. (only 83,333 were initially released out of the 100,000). I may have just missed it in the motion, but are you still issuing yourself 16,333 shares? If so that seems incredibly excessive. Based on the re-worded motion it doesn't look like you have any shares being held back. 10k offered, 10k publicly sold.
I'm not wording this question well, but what I really want to know is how will dividends be calculated assuming only 10k shares are sold?
((BTC mined - (Elec+hosting+maintenance)) * .65) / 10,000 ?
This answer is under the pretense our ongoing motion will get approved.
We will not issue any shares to ourselves. This means public shareholders are 100% owners of the PETA-MINE.
The free extra 20% of hashpower (with a minimum of 20 TH/s) will pay dividends until 0.65 BTC is recovered by every shareholder.
(this is also included in the revenue doc)
If only 10k shares are sold, dividends are calculated as you stated:
BTC mined - (Elec+hosting+maintenance)) * .65) / 10,000
Reinvestments are calculated as follows:
BTC mined - (Elec+hosting+maintenance)) * .35) / 10,000
(reinvestment of the 20% free hashpower will also be owned by public shareholders)
