Topic: [GLBSE] BFLS - Bitcoin Mining & Sales - page 13. (Read 17925 times)

This one:

Sorry guys, I had to fly to Phoenix on short notice and didn't turn on the laptop the whole time.  Back now and ready to go!

So what are the outstanding questions?  I thought a lot about this, and to prevent a run on singles, I am going to impose a 45 day moratorium as it were on on Single sales before I start getting the rotation of Singles going.  A lot of you contacted me about pre-ipo purchased, etc...  While I do want to get a sale rotation going, being able to provide everyone who wants one with a Single in a timely fashion without the waiting period, if I do that right now I will be virtually out of singles in a day. 

So what's the benefit, you ask, if you are wanting to use this GLBSE offering just to purchase single and not invest in a mining company?  Well, you can "purchase" a single and have it mining for you, basically, even though you don't physically posses a box.  Unlike ordering directly from BFL, your unit will be mining while you wait for it to be delivered, as it were, earning you income immediately, vs having your funds wait in limbo for 6+ weeks.

As far as were we will be mining - GPUmax is one place, Bonus Pool is another, and we'll also be trying to increase the income in other ways as they present themselves.

Have I missed any questions?

So each time theres a 'sale' of the single, you hold 30 shares of the asset.  After ~66 sales, you end up being 100% owner. Not bad.

Inaba,

Hopefully you can start to answer some of the outstanding questions in this thread.

Thanks,
gigavps

thanks, I forgot that part.

I understand that and don't disagree with it.  I just think it could keep this a rather small mining operation when the units keep getting snatched up.

The premium being changed can really be explained away with getting the unit sooner. Might as well just buy the 10 units.

I love this idea and concept, but I can see a lot of the BFLs just being snatched up by those who can afford the 200 shares and are tired of waiting for BFL to deliver.

Maybe neither of us should assume. 

Inaba, what is your plan in regards to pool choice?

GPUmax and then eclipse as backup ...

I would assume Inaba would run these on GPUMAX and get 1.2x-1.3x-1.4x PPS.

I would assume Inaba's running these on his pool (EclipseMC), which would cause payouts to very a bit, but in the long term theoretically average out to 100% PPS.

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?

Yep 

I am starting to think the real deal here is buying 1000 shares and asking Inaba to send you 5 singles.

* gigavps start dreaming of moar singles in the bottom rack......

Interesting twist with the single purchase option...

@gigavps - I believe this is not a guaranteed PPS like your bond offering.  Simply divides revenue by shares and paid proportionally.  I think it fair to assume the revenue would be ~100% PPS, however.

I would like to ask the OP, are you guaranteeing a PPS rate on the shares held?

I reread the OP and did not find that guarantee.

So far one of the cheapest (the cheapest I could find/would trust) "PPS shares" on GLBSE.

(for comparison, MH/s per BTC spent:
Inaba: ~6 MH/s, assuming 830 MH/s per unit
gigavps: probably 5 MH/s
Meni: ~2.6 MH/s)

Good luck and please make sure to post extensive statistics on payouts!

Count me in!