Topic: [CLOSED] Hosted-Mining (revenue shares) / BTCT.co - page 7. (Read 15874 times)

Its less than .45000001/GH. Lets just cut to the chase...we are out of time. The more btc we acquire the better terms we can negotiate.

 

Yes, because we believe our price point was too high. We are looking for support to have specific dates to acquire hardware and have vendors launch when they say they will launch. Has anyone else you have dealt with gave you a specific launch date or a specific day you will receive your hardware? Enough with the talk. Take action.

We have to be confident and make sure moving forward that in our contracts we have specific performance based accountability from vendors. I am tired of the BFL, etc..making false statements. This is not rocket science.. It is a manufacturing process and can be mitigated.

tl;dr its still gonna be 0.56btc/gh

Please stop deluding yourself.

After a multiple days you have yet to sell 10% of your IPO and you believe there is enough interest to fill an even larger IPO?

Ok, so the only thing you have changed, is that you want MORE btc ... nothing else has changed???

More shares, at lower price, for nearly 3x the amount of btc you were originally asking.

Wow!

And the underlying details, ie. how you plan on getting the 10TH hasnt changed.

I'm sorry, but this is a lesson to all people out there how NOT to do an IPO.

This will be the 3rd time you have changed the share structure, and you can change it another 10 times - there is no point playing with numbers when the underlying reality of what you are trying to do is floored.

You need to come up with a better plan of how you are going to mine, and get returns for investors - not tinker with shares.

I'm staying out of this one. Sorry

You now hope to raise a minimum of 42,000BTC with this constantly morphing IPO?

I think with your $4.2M+ you should really consider funding your own ASIC chip development. Why set your sites on just being a middle man to a mining contract of questionable worth when you should be challenging ASICMiner, ActM, Labcoin, etc...

We dont think so. We think there is interest but we did not allow enough room for movement.

5 million shares at .0028 = 14000 BTC
20,000 shares at .28 = 5600 BTC

With this new contract you propose to more than double the amount needed to be raised in the IPO when there is already next to no interest? Shouldnt you have gone the other way around?

We believe that the price point per share for HOSTED-MINING is currently too high. We would like to make a motion to raise the amount of shares issued to 10,000,000 (10 million) and release 5,000,000 shares at .0028 and then release the additional 5,000,000 shares at a no less than 0.0056 for each share. Your current share of 1 will equal 100 shares. We have included the changes below.


Introduction

Thank you everyone for your support thus far! Wow! We are in negotiations with several of the current ASIC MINING vendors available in the market.

Tired of not knowing a DATE you are going to receive your ASIC mining hardware?
Have any of the companies you purchased from told you an EXACT DATE that you will receive your hardware?
Have you ordered ASIC Chips that are stuck in customs somewhere and no one can give you a straight up answer?

If these are questions that you do not have answers for, then, LOOK no further. HOSTED-MINING is here to help mitigate the international risk of not obtaining your share of the AMAZING BITCOIN market in time.
That is right. Time is ESPECIALLY crucial with Difficulty rising quickly.

WHAT HAPPENED when the HASH DIFFICULTY rose 35+%?
The PRICE of BTC rose.
What is going to happen with all the companies that supposedly will ship by Mid-September or October?
It will become more difficult to mine BITCOINS. If they miss their target dates, then what happens?

There are a lot of questions and uncertainty in this market and we want to make a statement, let's work together to raise funds and DEMAND dates from these mining companies or else give us more hash to compensate for time lost. SEEM unrealistic? It is not UNREALISTIC if we have the BTC to negotiate rates and TIMELINESS! Become part of our movement and let's work to specify hard DATES.

How many shares are outstanding for companies such as GOOGLE* (approximately 300M with an approximate value of {fill-in the blanks}? Net net, Billions. The BITCOIN network is a game changer.

HOSTED-MINING was created between a US and Canadian company to offer the very first GUARANTEE revenue-share HASHING date of no later than August 30th, 2013 for investors with an easily accessible investment vehicle without the large upfront cost of actually buying the hardware, monitoring and paying for electricity.

There are 3 Phases for roll out of a minimum 10 Terahash (referred to as "TH" forthwith) of mining capacity deployed no later than August 30th, 2013. With a GUARANTEE of additional TH in the contract to compensate for the difference in lost downtime if the launch date is not met.


1.) PHASE I - Initial Offering


Our motion is to increase the number of shares to 10,000,000 at .0028 each, with the release coming in 2 stages. Initially, we will release 5,000,000 shares of the first 10,000,000. They will be price at 0.0028 per share.

Starting from no later than Aug. 30, 2013 if we attain a minimum of 1,500,000 shares, we will start mining at 10 TH.  One hundred percent (100%) of the mining revenue will be divided equally with shares sold and delivered as dividends for each share once (1) per week.

END OF PHASE I - Hashrate: 10 TH minimum with the possibility of another 25TH+ by September 30th, 2013.


2.) PHASE II - Expansion

After the 10 TH is online, we will enter the second phase. During this phase, we release the rest of the available 5,000,000 shares to acquire guaranteed delivery dates.
We are already in contact with BTCGarden and other companies to negotiate for their TH which will be available in mid or end of September. DATES will be advertised soon.
We will disclose the necessary details in an announcement and release the shares needed to do the purchase. These will be priced 0.0056 or higher per share to allow a significant return on investment for our initial investors.

Our potential suppliers can be any current/future mining hardware manufacturers that will offer competitive pricing.

Once we are established and running, we will not stop seeking to acquire the best priced mining hardware until we have obtained 49% of network strength. This can only be accomplished with your dedication and support.

END OF PHASE II - HASH RATE: Exact hash rate will be available once we have negotiated the price with potential suppliers, but should be well over 100 TH.

3.) PHASE III - Reinvestment Phase

This phase starts when we have achieved the hash rate specified in the end of phase II.

After this threshold, 50% percent of the mining revenue will be retained as a future growth fund.

The details for this will also become available once we have entered phase III.

END OF PHASE IV

Please note that this contract can be changed at anytime if needed for shareholder advantage.

These figures are estimates only. Once we achieve the 10 TH minimum the specific amounts needed for operational goals will be released.

HOSTED-MINING will begin mining no later than August 30th, 2013 with a minimum of 10 TH if enough shares are sold to purchase the minimum 10 TH.

We are currently in negotiations with Alydian, BTCGarden and other manufactures to acquire as much TH as possible.

For every 9 (nine) shares of HOSTED-MINING sold, 1 (one) share will be paid to both Hostedmining, LLC and appA2z.com management as a founder's stake. Please note this is the only compensation we will receive and all operating expenses will be deducted from the dividends paid on these shares.

Please review the following estimation calculator at http://www.coinish.com/calc/ for investment due diligence.

We undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.

Although the Company believes that the forward-looking statements are accurate, there can be no assurance that any forward-looking statement will prove to be accurate.

If the regulators in your region require AML/KYC procedures for certain transactions, you will be asked to provide them at anytime per our request. Any US customers will be required to sign a due diligence statement.

 

Executive Summary   
HOSTED-MINING is a new revenue share organization founded by two companies to enable a reinvestment strategy that will enable a solid return within the first 12 months of operation.

Joe already has an Alternate Coin hosting company in successful operation and has been building custom computer solutions for years. He has founded and ran 3 successful companys over the years and has a strong technical background.

Shawn is the uber alt-coin enthusiast that monitors market trends and solid investment strategies for the future.

 

Business Description   
Hosted-Mining is dedicated to bringing ASIC technology to bitcoin mining at a rapid and predictable rate. We have a set launch date with a strong commitment to rapid growth. Bringing TH online and generating revenue into your wallet within days.

 

Hosted-Mining will stay on the cutting edge of bitcoin mining technology with an aggressive re-investment program. Our goal is to upgrade a Tier 3 datacenter in central Washington State with in 12 months to facilitate further expansion. We believe strongly in using renewable energy sources and being responsible to the environment. These ethics are the foundation of our long term goals and business model.

Definition of the Market   
We estimate that the total network at the end of 2013 with be roughly 2000-3000 TH.

Our goal is to NEVER go above the 49% threshold of total network strength and to sustain a return on investment for all who join us in this exciting endeavor.

 

Upon launch if we acquire 10 TH, Hosted-Mining will have approximately 2.5% of the total hash of the network. With the long term deployment plans of Phase 2 and Phase 3, ect..., Hosted-Mining will operate a minimum of 1% of the total network hashrate to insure long term profits and market stability.

We believe in core value's such as Integrity, Trust and Responsibility to the Environment and Community and plan to actively promote awareness of Crypto-currencies.

 

 

Products and Services   
CHIPS:

They are 65nm chips, and draw 3.5W/GH.
 
"Chips are aggregated into boards with 256 chips per board, and up to 8 boards per 'chassis'."

GUARANTEE

Hashing minimum of 10 TH if sales of shares and negotiations with the contract supplier are successful with rollout date of August 30th, 2013.

Please note that if the initial threshold of 1,500,000 shares sold is not reached, you will be issued a refunded minus the in and out charge from BTCT.co

Pictures will be posted to the forum.

Organization and Management   
Joe and Shawn will respond to all questions and queries on an individual basis.

If queries become overwhelming, an FAQ with the top-ten questions and answers will be posted via the blog.

Marketing Strategy   
FaceBook

Google ads

Forums

Twitter

Word-of-Mouth.

There is not other better way than telling your friends and family via email, twitter and facebook about a great investment vehicle.

Financial Management   
A spreadsheet will be built and shared via Google Docs for all detailed revenue sharing.

He'd pretty much have to, as there's a minimum period of 1 week for votes on changes to contract per the asset issuers TOS.

Well I hope you do a buyback and reissue

I wanted to release this until we finish the new proposal.

The crew and I are still finishing up but I can tell you this.

1. I was not able to connect with Peter today. I guess something came up for him. I was informed that it might still happen this week. I have offered to clear my schedule and meet up with him anytime he is free.

2. We still have strong interest in this from a group buy that was looking at one or more tera hash. We are trying to get them on board right now.

3. We feel another change to the contract (lessons learned) might help everyone with a lower price point for entry and more shares available with a lower market cap. I have finished the rough draft and Shawn is reviewing it now. I will present it to you shortly.

meeting update?

It has not even been 2 days. I would like a little longer please. Until I am told the contract is no longer available we can still be hashing by August 30th.

Seriously...I will not drag this out. But things are still developing behind the scenes and I think it may take another 24 to 48 hours to settle.

Sorry to say it, but this one looks DOA.  Time to make an executive decision.  How long before you call it?

I think these are the things we do bring. The pre-order game will be over if we launch. We will be in the position to demand favorable contracts with guarantees.


Yes, It was very rushed. But we do have the administration team to do a excellent job given the chance.

a lot of IT people may just suck at bitcoin IPOS
yes, management is just as important (BFL joke in here) - keep in mind though that for the time being Aydian is managing most of the work- in the future he will likely play a larger role.

most preorders did bad- lucky avalon batch 1s

it does seem like the administration of this IPO was not thought out well and may have been put together with haste to seize an opportunity*

edit: errrr

That's not the only question one should be asking when considering an investment. While ascertaining whether a given contract could potentially be profitable(and to what degree) or not is important, determining whether management has the vision, skill, and integrity to faithfully execute the contract is equally important. While I've no reason to question zif33rs' integrity, this thing has been poorly handled right out of the gate, which is a troubling sign.


That seems a regrettable example. Those pre-order investors have nearly all been screwed over by one vendor or another. 

look, short time frames are not fun but, hey the question is DOES this make sense, does it benefit me- that's all

think about how many people jump on asic first day preorders on a "short time frame" - all i'm saying is that if it makes sense then it makes sense

So I've gathered, but why should this matter to a potential investor? Adding on a "boiler plate" atmosphere to an already ill conceived contract would tend to make me more cautious not less so.