Topic: [CLOSED] Call for investors. Let's build a huge bitcoin mining DC together. (Read 12732 times)

Nahh.. those things weight 35 kg each. I could not even lift them to the mounting point myself (they damn big too). Had to call in some help.

DC3 was officially launched this week. Lots of capacity can be made available rather quickly now i.e. lead time is expected to be less than a week.

A little photo to tease you, just two power cables coming in ATM, but 10 more can be added very quickly and easily when needed:

Sure it is. I do pretty good job for it though.

Perhaps it is more suitable for those who seeks risk and worry free mining experience. Those who prefer to pay twice perhaps can find something less expensive.

30% is a pretty big cut Vlad

You're not building a data center at all, your justtrying to make one of those jetpack things you saw on youtube 

a photo from DC3, taken a few minutes ago.

There are funs and there are FUNS!



5870 is for size reference here


Launch on Monday.

Yes, have taken the consideration of GBP to USD to BTC. For USD it is about $24k which is needed (at 1.6). That is why I said 3000 @ $10 and 1500 @ $20. That is over what is needed, but would cover costs if less, and I'm sure that the extra could be used for renting of other machines from valdimir.


That would be nice, but offers are sometimes never paid up. I guess, there could be something in the contract that, if not enough shares were sold, all money would be returned via a dividend payout.


Actually yes a Fund is a better word for it.


Yes, that would be the main option. All hardware would be sold, and company(fund) liquidated back to the investors.

Phil

Where will you sell shares on GLBSE? Will you?

Where will you sell shares on GLBSE? Will you?

I say release 3000 or 1500 shares assuming BTC/USD is $20. It doesnt matter if the price of exchange goes up. we arent investing in BTC, we get paid in BTC its all fair.

Nice idea, however be aware that GLBSE is using Bitcoins _only_ but you pay this contract in GBP (which is far from USD parity btw). It might become impossible for you (and shareholders) to track whether my 1 BTC share should be worth 1 share (because I bought it at a price of 20 USD/BTC) or 2 BTC (bechause I bought it at a price of 40 USD/BTC) or 0.5 BTC (because in the meantime, a BTC is only worth 10 USD). You might burn or overrate initial investors, depending on the Bitcoin rate.

What you could do, would be to NOT hand out any shares, until there are enough buy offers to fill the contract. Then on day X release all shares, which are immediately sold, cash out and everyone's happy, because everyone has paid the same value in USD per share.

Just make sure there is no confusion what this is - it seems to me rather like a fund than a company, meaning even though 85% of the money generated is paid out to 100% of the share holders, it is still you who has ultimate decision power as the manager, I guess.

I guess in case the Vladimir contract goes south, you could just get as much money for this as possible, convert it into BTC and pay it off as final dividend - currently there's no way I know of for a shareholder to really identify himself/herself to you in a secure way, so hardware could be sent via mail or so.

When I say other machines can be purchased or built, what I mean is that they can be purchased from Valdimir. The whole idea here is to have a management company, so that everyone can invest in Valdimir's DC3 or other centers when they come on line.

I do not see any physical hardware (execpt the ms/h I'm putting in) to be housed. When I said hardware owned it is the ownsership of the hardware at Valdimir's DC3.

Also as the price has stabilized a bit, probably only 1500 shares would need to purchased.

Phil

All this effort to solve hash problems through "guess and test?" When 21 million is hit, it'll be nice to see effort going into actually producing real wealth for a change.

if someone were to buy up 51% of the company you would need to be sure to pass ownership of the parts over. Id be willing to invest to what extent i do not know yet.

filharvey, talk to me privately. This could be done, the contract can be tailored for your needs.

K, this works out in my numbers at about 10 machines running. If people are interested I'm willing to set up a stock on glbse to handle this. I will also throw in my machine which is currently doing only about 1.3gh/s but is earning and hence money incoming.

I think with the current price fluctuations we need to sell 3000 shares at an average of $10. That would leave plenty spare where by which other machines can be built or purchased to provide extra income. I would take a 15% service fee for organising this (before people go 15% wtf, with putting in 1.3 on a possible 7.8 network I'm losing. I only make money back at over a network of 9, and once that is met I will be willing to reduce my %). Dividends would be paid daily after receiving payments from the pools.

Valdimir, question for u is how long could this option be open for. It could take 2 weeks to organise money from the different exchanges?

Don't shoot me down, just an idea. I will be investing myself both in money and in Mh/s. And I will not be owning 51% of the company as per other glbse companies. All hardware will be owned by the people who purchased it, ie my hardware is owned by me, the hardware purchase by Vladimir owned ia the company.

On me being taken off running he company, my hardware earnings will direct back to me and not the company.

Phil

That seems pretty steep for me. 22grand i could get 15Ghash/s+ . I was thinking about getting an investor or two but ill have to pass. It seems like its more for someone who cant set up there own rigs if an investor like that is in it for the long haul im sure they do alright.

15k£ will get you ownership of 6.5 Ghps worth of 6990 based equipment plus about 5 month of running it. This is after my share is taken. Only recurring (operating) expenses thereafter.


In event of 'liquidation' chose one or more of:
- sell it to me (If I make a good enough offer. I will try to offer, on best effort basis, i.e. no guarantees, at least reasonable price for heavy case and some other components which are more difficult to resell/ship)
- flog components on ebay (or elsewhere) yourself, I'd drop-ship at cost. Moreover, I store the packaging and all the stuff coming with components to maximize resale value.
- get me to flog components on ebay (my costs are to be covered)
- collect it in UK (Derbyshire)
- have it shipped to owner, at cost (shipping cases probably will be cost prohibitive, but with the rest of components there should be no problem).

Basically, this is hardware which would be your property, temporarily in my custody. I am prepared to do what's reasonable here.

Hosting it as servers for someone for free or even if compensated, is not reasonable. I do not operate a generic DC. This also means that no remote access will be given to the servers. They will be managed only by me while in my custody.

How much hash would that get?

Hypothetically if bitcoins crashed forever the purchaser would still own 65% of the equipment. Would they be able to decided what to do with the equipment? Offer it up as servers/sell it/give you 35% of the depreciated value go owe 100% of the equipment/ other.