Author

Topic: [CANCELLED] Mining Company based on KNC Miners (Read 1033 times)

sr. member
Activity: 389
Merit: 250
I am cancelling this project at the request of "btharper".  Thanks to all of you who have expressed your interest.
I've got no reason to want to see this project scrapped. I'd say there are a large number of other mining ventures but I also think KNC has some of the better mining equipment across multiple important metrics. I just think there are better ways to handle sales.
hero member
Activity: 824
Merit: 712
I am cancelling this project due to lack of interest.
sr. member
Activity: 389
Merit: 250
They are interesting but they are a little different in that they are really just consolidating group buys.  If they increase their hashing power, they will sell more shares, so there is no possibility of increasing your dividend without buying more shares.  We are doing it a little differently in that every shareholder gets an undiluted piece of the pie, as we buy more machines, your dividend could increase without ever investing more Bitcoin.
Without knowing future difficulty it's impossible to say that dividends will always increase. With reinvestment (either DRIP, manual purchase of additional shares, or reinvestment by the security itself) you can increase your stake and total hash speed. Any reinvestment strategy will increase total dividend (sum, not rate) at the expense of greater total investment in the company itself.
legendary
Activity: 1022
Merit: 1000
ADDICTION from Bitfunder is doing this.
sr. member
Activity: 376
Merit: 250
It is quite boring to have so much mining companies, but i have also one knc miner ordered, if you need it for your project, i could join
hero member
Activity: 824
Merit: 712
I am cancelling this project due to lack of interest.
Jump to: