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Topic: [GLBSE] BFLS - Bitcoin Mining & Sales - page 12. (Read 17925 times)

legendary
Activity: 1260
Merit: 1000
April 09, 2012, 08:01:41 PM
#51
Quote
On an unrelated note, Inaba, would it be possible for you to verify your identity with Nefario? You certainly have a good reputation here and run your own pool, but it would be nice nonetheless.

I can look into it... not sure what needs to be done exactly? 

If I were to combine the two (Singles + MiniRigs) how would the shares be priced, though?  They'd have to be pegged to USD I guess... so what's a good value? $1 USD per share?  More, less?  I'm certainly open to ideas.
hero member
Activity: 560
Merit: 500
Ad astra.
April 09, 2012, 06:12:14 PM
#50

The investment is based on # shares per equipment value/running costs/etc, as well as the price of each share. Can't really see how the dynamics would change Huh

Not fractioning this seems a really better investment, since you will be able to trade your shares for various equipment types over the long run, instead of your investment being devalued when singles are no more the flavor of the month.


I agree. As a potential investor, having potentiality of trading shares for up-to-date hardware is extremely appealing. I would much prefer it be one stock for everything rather than multiple for each.

On an unrelated note, Inaba, would it be possible for you to verify your identity with Nefario? You certainly have a good reputation here and run your own pool, but it would be nice nonetheless.
Vbs
hero member
Activity: 504
Merit: 500
April 09, 2012, 05:40:38 PM
#49
I feel like the investment into a mini-rig mining company is vert different than into a rent-to-own singles operation. If this current plan changed to add a mini-rig I feel like that could change the dynamic for many.

The investment is based on # shares per equipment value/running costs/etc, as well as the price of each share. Can't really see how the dynamics would change Huh

Not fractioning this seems a really better investment, since you will be able to trade your shares for various equipment types over the long run, instead of your investment being devalued when singles are no more the flavor of the month.

Is it possible to increase the number of shares available on an asset that's already created?

@fees for issuing new shares for existing assets, that would be free of charge
That'd be nice, but probably Nefario's call.

No, mila is correct, there won't be any fees for issuing more shares.

What I will also do, specifically for bonds is allow new sub assets to be created for free (or very little).

So for example, an asset named BOND would be able to create a BOND.12.JAN, then BOND.12.FEB etc.
I'll probably even put a special interface just for bonds.
full member
Activity: 196
Merit: 100
April 09, 2012, 05:23:09 PM
#48
I feel like the investment into a mini-rig mining company is vert different than into a rent-to-own singles operation. If this current plan changed to add a mini-rig I feel like that could change the dynamic for many.

Different indeed most of the other offers I have seen are priced at about 2-3x more expensive than this one plus you can end up owning the hardware with this as well, not just some promise of you get the hash power forever for your money invested.
donator
Activity: 490
Merit: 500
April 09, 2012, 04:44:44 PM
#47
I feel like the investment into a mini-rig mining company is vert different than into a rent-to-own singles operation. If this current plan changed to add a mini-rig I feel like that could change the dynamic for many.
legendary
Activity: 1260
Merit: 1000
April 09, 2012, 04:06:16 PM
#46
I was just asking to see if it's feasible to add in MiniRig Boxes to the offering or if creating a new offering is the way to go.  I also plan on increasing capacity beyond 10 at some point as well, so the need would be there also.
donator
Activity: 266
Merit: 252
I'm actually a pineapple
April 09, 2012, 03:54:47 PM
#45
Is it possible to increase the number of shares available on an asset that's already created?

Are you increasing them because you've increased your capacity, or are you changing the terms you mentioned earlier?
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.
April 09, 2012, 03:29:25 PM
#44
Is it possible to increase the number of shares available on an asset that's already created?

IIRC nefario can grant this manually.
legendary
Activity: 1260
Merit: 1000
April 09, 2012, 02:45:39 PM
#43
Is it possible to increase the number of shares available on an asset that's already created?
Vbs
hero member
Activity: 504
Merit: 500
April 09, 2012, 01:52:36 PM
#42
I will likely be offering the same for MiniRig boxes and RigBoxes as well.
Would this all blend together with more BFLS shares per miniRig and RigBox, meaning early adopters would gain from the upgrade / addition, or would those be offered in separate tickers when thie time comes?
Oh, sorry.  No, I'm going to start a different GLSBE offering for that.  I am going to try to get to that today or tomorrow.

Why not?

It would just be a matter of you thinking how many bonds is worth buying+running+etc each equipment and price accordingly. No need to fraction the great idea you have here! Grin
donator
Activity: 266
Merit: 252
I'm actually a pineapple
April 09, 2012, 01:51:57 PM
#41
This looks interesting.
donator
Activity: 490
Merit: 500
April 09, 2012, 11:38:01 AM
#40
I support the idea of the ipo moving forward, was just cuious as to your position on the matter.
legendary
Activity: 1260
Merit: 1000
April 09, 2012, 11:26:21 AM
#39
I will probably continue the IPO with the understanding that dividends will not be paid until the hardware comes online.  Although if there's a compelling reason not to do so, then yes I can delay the IPO.
donator
Activity: 490
Merit: 500
April 09, 2012, 10:59:07 AM
#38
You originally said you would release shares as hardware comes online. Will you postpone the ipo if you havent received your hardware?
legendary
Activity: 1260
Merit: 1000
April 09, 2012, 10:40:19 AM
#37
Yes, everything the equipment generates will be equally distributed to all shareholders.  It's my understanding GLBSE handles this automatically, I just put in funds and say distribute to the shareholders.  I will be setting up a page similar to the BFL Single page I had so people can monitor the hashrate and such of the mining farm.

I haven't decided how many shares I am releasing on Wednesday yet.  On one hand I would like to release them all and let the market decide who gets what, but that has problems with a big player just snatching up all the shares in one go.  I may release some shares randomly throughout the day/days following the IPO until they are all released. 

My batch of singles haven't arrived yet, I expected/expect them this week... if the ship date slips, then there's not a lot I can do about that until they arrive.  I'll be making a post when I take delivery of the actual hardware though.
hero member
Activity: 560
Merit: 500
Ad astra.
April 09, 2012, 10:34:30 AM
#36
When (as in day) are you planning on releasing shares for BFLS?

https://glbse.com/ipo/6

Now I feel stupid. Tongue

Thanks gigavps.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
April 09, 2012, 10:21:26 AM
#35
Inaba,

- How many shares will you be releasing on Wednesday?

- If all the shares will not be released on Wednesday, what is the schedule to release the rest?

- When will the first dividends be paid?

- To be clear about dividends, whatever the equipment generates will be divided equally between all shares holders?

Thanks,
gigavps
vip
Activity: 1358
Merit: 1000
AKA: gigavps
April 09, 2012, 10:04:57 AM
#34
When (as in day) are you planning on releasing shares for BFLS?

https://glbse.com/ipo/6
hero member
Activity: 560
Merit: 500
Ad astra.
April 09, 2012, 10:02:54 AM
#33
When (as in day) are you planning on releasing shares for BFLS?
legendary
Activity: 1260
Merit: 1000
April 09, 2012, 09:12:10 AM
#32
Oh, sorry.  No, I'm going to start a different GLSBE offering for that.  I am going to try to get to that today or tomorrow.
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