Topic: [Havelock] HASH - Mining Equipment Sales, Contracts, and More - page 10. (Read 17375 times)
Yeah, there's plenty of room in the ecosystem for some healthy competition. Though, it is somewhat flattering that a competitor rep would make such a quick negative judgement without at least looking more into the offering, or at least elaborating and articulating an informed response. Seriously though, I recommend to wait to pass judgement till after due diligence.
another self moderated money grab?
no, thanks
no, thanks
Your sig is the most interesting part of your post. Your comment wouldn't have anything to do with BaH selling mining equipment and your business/the business you represent selling mining equipment?
I don't think he's officially with MinerSource, because as far as I know, I've talked to a few people from them - very nice people. He may be a devotee of theirs that views the offreing as competition. Or it may be a coincidence. No way to say for certain.
another self moderated money grab?
no, thanks
no, thanks
Your sig is the most interesting part of your post. Your comment wouldn't have anything to do with BaH selling mining equipment and your business/the business you represent selling mining equipment?
I am a longtime shareholder with BuyaHash, live in Columbus (less than 20 minutes from BAH), have met Ben multiple times, have seen the shop and talked shop, and have bought ASIC miners in person from him. All of the face-to-face has been since around April of this year when I was working on one of my projects. His consistency and availability has always been top notch regarding any project he is vested in. Proof of this is as close as the Ciphertrade thread in this same LT Securities section. There is more than a year (before LTCGlobal even thought of shutting down) invested by Ben regarding this offering and the legalities associated with it.
I'm very excited to see the offering announcement for Monday (https://www.havelockinvestments.com/fund.php?symbol=HASH).
I'm very excited to see the offering announcement for Monday (https://www.havelockinvestments.com/fund.php?symbol=HASH).
another self moderated money grab?
no, thanks
no, thanks
We have a 100+ page thread at LitecoinTalk that is un-moderated and contains the entire history of operations: https://litecointalk.org/index.php?topic=3126.0
Feel free to research the company and offering, and decide for yourself if its a money grab or not. Better yet, visit your local Micro Center (if in the US) and ask for our products. See if you think that having a huge retail presence there and elsewhere is worthy of investing in the company.
another self moderated money grab?
no, thanks
no, thanks
I have been doing business with Benny for well over a year now, and I am also one of the original investors from when he was listed on LTCGlobal. I have met with Ben in person and I have also physically inspected the facility. Ben has been trustworthy in every aspect of our dealings. While many of the securities that were listed on LTCGlobal exchange closed up shop and did the ol' smash'n'grab, Ben spent countless hours of his time in communication, effort and research to preserve the reputation, revenue and regular dividends while we have been waiting many months to be relisted on another exchange. It is unfortunate that it has taken so much time to be relisted after the closing of LTCGlobal, but the reason for this is a very good one, in my opinion. Ben has gone to great lengths to research and voluntarily participate in the regulation that exists today and as it is evolving to fit this emerging technology.
In every instance, Ben has always been available to listen to the needs of the investors, provide transparency and liquidity when requested, and has also been in regular contact with lawyers and the SEC to make sure he is operating within the legitimate realm of business as the regulators currently understand it.
This is NOT a new company IPO with an idea and nothing else. This is a solid business with a proven long-running track record of loyalty to investor interests and excellent customer service that is simply seeking additional capital to expand the operation to the next level. I urge you all to take a closer look at this offering and consider investing if you like what you see after your due diligence.
In every instance, Ben has always been available to listen to the needs of the investors, provide transparency and liquidity when requested, and has also been in regular contact with lawyers and the SEC to make sure he is operating within the legitimate realm of business as the regulators currently understand it.
This is NOT a new company IPO with an idea and nothing else. This is a solid business with a proven long-running track record of loyalty to investor interests and excellent customer service that is simply seeking additional capital to expand the operation to the next level. I urge you all to take a closer look at this offering and consider investing if you like what you see after your due diligence.
legendary
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PM received will transfer over the questions I had thanks benny for the note
Well starting off with some forum trust is good bonus since you have litecointalk cred as well.
I looked at your prospectus but i'll need to analyze it more later.
But a few initial questions
By utilizing volume purchasing power through hardware fabrication and acquisition, BuyAHash can grow our own, very profitable in-house mining farm, as well as sell excess supplies to an emerging $1 billion market, with very little competition. In 2013, BuyAHash grossed approximately $450,000 USD, with gross profits of approximately $40,000. We note that the 2013 P&L statement represented at most, 9 calendar months, and 12-month gross revenues exceeded $750,000 USD.
At what exchange rate were these estimates made?
Through retail and mining, we’ve also acquired contracts to sell cryptomining hardware to one of America’s largest PC retailers, Micro Center, which currently generates over $1 billion USD in annual revenues, with retail stores in over 30 states in the United States of America. Through volume sales via partnership, we can continue to leverage our volume-buying power with fabricators, reducing the price of all hardware-related products within the cryptocurrency mining sphere.
If I get this part correctly this will include retail sales as well as internal mining.
General questions
How do you plan to combat difficulty increases
Who are your preferred suppliers of mining hardware or will it be in house
What is your estimated ROI @ the present exchange rate.
What is the estimate ROI on those tables factoring in the increases of Bitcoin difficulty set at 5% avg increase 25% avg increase 0% etc.
Edit in: Think its set to 0 If I read correctly
Edit: 104 Pages on litecointalk to read through lol so sorry if I asked the same questions and it was in there but I'll leave this post as is since it can act as a general reference point.
https://litecointalk.org/index.php?topic=3126.0
Quote from: Benny1985 on Today at 12:13:59 AM (https://bitcointalksearch.org/topic/m.7978281)
On the statement regarding ROI - I understand that it doesn't include difficulty and price adjustments. This is why the variable was called out in the document. The reason for that is that its difficult to calculate a fiat-based ROI on cryptocurrency devices since there are innumerable factors that go into a cost analysis for a future that you, nor I, know. This is why I merely included base, known, values regarding electricity, monthly yield, and cost of machines when comparing a commercial/industrial setup vs. a retail setup. The last four pages which call out YTD earnings use much more conservative figures that expressly call out what we believe we can generate in both fiat and BTC values, including increasing electricity costs, based on increasing difficulty.
Well starting off with some forum trust is good bonus since you have litecointalk cred as well.
I looked at your prospectus but i'll need to analyze it more later.
But a few initial questions
By utilizing volume purchasing power through hardware fabrication and acquisition, BuyAHash can grow our own, very profitable in-house mining farm, as well as sell excess supplies to an emerging $1 billion market, with very little competition. In 2013, BuyAHash grossed approximately $450,000 USD, with gross profits of approximately $40,000. We note that the 2013 P&L statement represented at most, 9 calendar months, and 12-month gross revenues exceeded $750,000 USD.
At what exchange rate were these estimates made?
Through retail and mining, we’ve also acquired contracts to sell cryptomining hardware to one of America’s largest PC retailers, Micro Center, which currently generates over $1 billion USD in annual revenues, with retail stores in over 30 states in the United States of America. Through volume sales via partnership, we can continue to leverage our volume-buying power with fabricators, reducing the price of all hardware-related products within the cryptocurrency mining sphere.
If I get this part correctly this will include retail sales as well as internal mining.
General questions
How do you plan to combat difficulty increases
Who are your preferred suppliers of mining hardware or will it be in house
What is your estimated ROI @ the present exchange rate.
What is the estimate ROI on those tables factoring in the increases of Bitcoin difficulty set at 5% avg increase 25% avg increase 0% etc.
Edit in: Think its set to 0 If I read correctly
Edit: 104 Pages on litecointalk to read through lol so sorry if I asked the same questions and it was in there but I'll leave this post as is since it can act as a general reference point.
https://litecointalk.org/index.php?topic=3126.0
Quote from: Benny1985 on Today at 12:13:59 AM (https://bitcointalksearch.org/topic/m.7978281)
On the statement regarding ROI - I understand that it doesn't include difficulty and price adjustments. This is why the variable was called out in the document. The reason for that is that its difficult to calculate a fiat-based ROI on cryptocurrency devices since there are innumerable factors that go into a cost analysis for a future that you, nor I, know. This is why I merely included base, known, values regarding electricity, monthly yield, and cost of machines when comparing a commercial/industrial setup vs. a retail setup. The last four pages which call out YTD earnings use much more conservative figures that expressly call out what we believe we can generate in both fiat and BTC values, including increasing electricity costs, based on increasing difficulty.
Very interesting.. Although the sum of 2400 BTC seems very very high..
Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?
Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?
2,400 BTC is a lot, but we believe the revenue we've generated justifies the asking price.
We would like to eventually develop a chip, but the capital costs are far beyond even 2,400 BTC. We would rather start with mining hardware/contracts/in-house mining and work our way up, rather than start with chips and then hope that they tape out.
We generated revenues of about $430,000 USD last year on mining hardware sales.
Here's the link to the P&L that is going up on Havelock:
https://drive.google.com/file/d/0B3AANFxdm8P0MTVSbjNOUXJQOFE/edit?usp=sharing
A quick note:
We paid out 5,781.2 LTC in 2013 in Dividends, or approximately $20,959 USD. Additionally, offered a repayment system to very early investors that was accounted for within the Inventory/BTC row (why they aggregated it there) of approximately $20,000 USD, for a total profit of approximately $41,000 USD. This does not include revenues from Chase PaymenTech that were put in a reserve account, as they froze our payment processor for selling Bitcoin hardware. The initial reserve amount was an additional $20,000 USD. This was released to us this month.
H1/2014 should show a positive balance of about $35,000 USD plus dividend payments of $21,637 USD, or 1,496 LTC. I do not have an ETA on when that report will be out, but once the accountant gives me a timeframe, I'll be sure to let you know.
Very interesting.. Although the sum of 2400 BTC seems very very high..
Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?
Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?
2,400 BTC is a lot, but we believe the revenue we've generated justifies the asking price.
We would like to eventually develop a chip, but the capital costs are far beyond even 2,400 BTC. We would rather start with mining hardware/contracts/in-house mining and work our way up, rather than start with chips and then hope that they tape out.
Before the trolls get here, I'd just like to wish you luck, say that the reasons for using a HK company are very obvious, and point out to anyone new that you have been operating very successfully for a while now.
Thanks sir.
The crazy thing is that we have a 100+ page thread over at LitecoinTalk for business ops. Never once have we had a troll on that thread of the 100's of people that have asked about the business. Yet within hours I was getting doxx'ed by proxy accounts. I was expecting it, but not as hard as what we saw.
Its a rather dedicated group, and give them their dues they are right more often than wrong. But that is more because of the immaturity of the bitcoin space than it is because of their spidey senses.
Certainly. I can understand scrutiny, as there have been a lot of companies that are scams. I (too) have lost BTC on companies like NeoBee. But given that some accounts seemingly only have posts in the Securities group, with no postings on any other area of BitcoinTalk seems really, really shady.
Before the trolls get here, I'd just like to wish you luck, say that the reasons for using a HK company are very obvious, and point out to anyone new that you have been operating very successfully for a while now.
Thanks sir.
The crazy thing is that we have a 100+ page thread over at LitecoinTalk for business ops. Never once have we had a troll on that thread of the 100's of people that have asked about the business. Yet within hours I was getting doxx'ed by proxy accounts. I was expecting it, but not as hard as what we saw.
Its a rather dedicated group, and give them their dues they are right more often than wrong. But that is more because of the immaturity of the bitcoin space than it is because of their spidey senses.
Before the trolls get here, I'd just like to wish you luck, say that the reasons for using a HK company are very obvious, and point out to anyone new that you have been operating very successfully for a while now.
Thanks sir.
The crazy thing is that we have a 100+ page thread over at LitecoinTalk for business ops. Never once have we had a troll on that thread of the 100's of people that have asked about the business. Yet within hours I was getting doxx'ed by proxy accounts. I was expecting it, but not as hard as what we saw.
Before the trolls get here, I'd just like to wish you luck, say that the reasons for using a HK company are very obvious, and point out to anyone new that you have been operating very successfully for a while now.
Very interesting.. Although the sum of 2400 BTC seems very very high..
Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?
Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?
2,400 BTC is a lot, but we believe the revenue we've generated justifies the asking price.
We would like to eventually develop a chip, but the capital costs are far beyond even 2,400 BTC. We would rather start with mining hardware/contracts/in-house mining and work our way up, rather than start with chips and then hope that they tape out.
A note about self-moderation:
I am not a fan of doing this, but given the likelihood of NotLambChop and IPO Magic being shill accounts for rival exchanges / companies, I have no choice but to do this. I am not moderating questions, comments or criticisms. I am banning people that have accounts created exclusively for undermining threads here on the Securities pages. I will do everything within my power to answer any and all questions about the business, the offering, or due diligence.
I am not a fan of doing this, but given the likelihood of NotLambChop and IPO Magic being shill accounts for rival exchanges / companies, I have no choice but to do this. I am not moderating questions, comments or criticisms. I am banning people that have accounts created exclusively for undermining threads here on the Securities pages. I will do everything within my power to answer any and all questions about the business, the offering, or due diligence.
Very interesting.. Although the sum of 2400 BTC seems very very high..
Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?
Do you plan on developing your own chips? Who do you have on board development wise for ASIC chips and PCB design?
Reserved for additional information
Hi everyone,
Here is our offering on Havelock. Its a very generic ticker name, but the offering is a bit different than what you've seen on Havelock, or any exchange for that matter. Feel free to post, chat, call, or E-mail us if you have questions that go beyond the prospectus, and this posting, as I am sure there is a lot to come. The offering size is large, but we believe that the request justifies what we're working on.
URL to Havelock: https://www.havelockinvestments.com/fund.php?symbol=HASH
Havelock Prospectus: https://www.havelockinvestments.com/reportdownload.php?id=107
What is the offering:
Big Trend Capital Investments, Limited is a duly-formed Hong Kong based limited company with a duly-appointed director with offices referenced on Page 1 of the Havelock Prospectus.
Overview
Big Trend Capital Investment Limited (BTCI), a Hong Kong Limited company has entered into a consulting services agreement with Coin Services LLC, an Ohio based cryptocurrency mining company, and hardware reseller, which owns and operates its trademarked “BuyAHash” service. As part of the consulting services, BTCI plans to help Coin Services raise additional capital for expansion by investing BTCI’s own and raised capital into Coin Services. Capital raised from the private placement will be utilized to grow the business in a variety of areas.
BTCI is a member of Coin Services LLC. Any investment made into BTCI shall be guaranteed by a pro rata amount of membership units of Coin Services LLC held by BTCI. Should the amount of investment be above the amount of membership units currently held by BTCI, BTCI shall obtain additional membership units from Coin Services LLC.
BTCI shall distribute any received profit/dividends to investors, as applicable, in accordance with relevant securities laws.
Coin Services LLC information
The below information is from Coin Services LLC about their business and expansion plans. While BTCI has relied upon this information to make it’s investment into Coin Services LLC, BTCI assumes no responsibility for the information presented below for any investment you make into BTCI:
Note: Any reference to us, we, our below in italics shall mean Coin Services LLC.
Target Markets
Our target markets excluding internal mining facilities include retail consumers of cryptocurrency hardware products by leveraging our contracts for exclusive and non-exclusive hardware. Additionally, we have concluded contracts to deliver cryptocurrency mining hardware to large PC retailers such as Micro Electronics (TM) via wholesale contracts.
Business Strategy:
By utilizing volume purchasing power through hardware fabrication and acquisition, we can grow our own, very profitable in-house mining farm, as well as sell excess supplies to an emerging $1 billion market, with very little competition. In 2013, we grossed approximately $450,000 USD, with gross profits of approximately $75,000. We note that the 2013 P&L statement represented at most, 9 calendar months, and 12-month gross revenues exceeded $750,000 USD.
Corporate Information
Coin Services LLC, an Ohio-based Limited Liability Company (Company #2191043) was formed on April 12, 2013. The registered address is 9051 Broadway Street Stoutsville, OH 43154.
A Different Take on the Traditional Mining Company
In the Cryptocurrency economy, dozens of mining and crypto securities have come and gone, some due to incompetence, but many through corporate malfeasance. Our goal is to change the paradigm of the Bitcoin economy by creating the largest eCommerce and retail presence in the largest Bitcoin market in the world - America through a multi-tiered strategy that allows us to diversify our business strategy to the changing whims of the market.
When Everyone is Mining, Sell Shovels
In early 2013, Coin Services, LLC started as a novel PMB through a few investors, eventually listing on Litecoin Global to sell contracts on the market. Due to delays with electricity/HVAC deployment, we started selling hardware to generate income while we couldn't mine. The result was far beyond what we anticipated: Within two months, we had sold well over $100,000 USD in hardware, and were able to turn hardware at incredible rates through various channels such as EBay, and our e-Store, eventually growing to offer products on Amazon as well.
However, due to volume, we were financially constrained on how much purchasing power we could leverage against large companies such as ASICMiner or BitFury. Capital raised from this offering will help us with our multi-tiered strategy to become the face of Bitcoin retail in the US and throughout the world, replacing faceless, nameless, and unreliable hardware companies with a world-class distribution facility, located near America's largest distribution hub, Columbus Ohio. This allows us to leverage very affordable rates to distribute products, as Columbus is world-renown for being epicenter of American population - over 2/3rds of all Americans live within 500 miles of our facility.
Along the way, we've also secured lucrative contracts with one of America's largest computer retailers - Micro Center, a Hilliard OH based company. As of today, you can walk into any Micro Center store and purchase products that we've worked with our factories to produce. We need capital and infrastructure to continue to grow this relationship, and this is where Havelock and you come into the picture, thanks to Big Trend Capital Investment.
Cheaper Shovels Mean Cheaper Mining
Of the many offerings available in the mining industry, we believe we present a very unique opportunity to investors. Due to a large focus on retail products, we will seek to leverage massive buying power with reliable vendors to deploy to our current and forthcoming facilities to ensure that we can offer both a fiat and crypto hedge on investments - mining to make the coins, and selling the machines to make fiat to cover costs, and return dividends to shareholders.
Thanks to our location, the new facility we're in negotiations to purchase offers some of the lowest worldwide prices for electricity as low as $0.04/KWh, and a significant amount of capacity available for us to expand. The facility we are seeking to lease will afford us up to 68,000 square feet of mining and product distribution space to start with, and enough acreage to expand if we breach capacity, as well as loading docks for distribution to major retailers like Micro Center.
At this juncture, we'd prefer to be nebulous on which machines we'd seek to leverage for internal mining, as we have not done proper cost analysis on miners from all major companies. We would note, though, that volume purchasing power through most hardware manufacturers results in 20-40% off of typical "Retail" prices that most mining securities state as what they are paying for their equipment. Additionally, we do not have a timetable on when the facility can have full capacity prepared for hashing - which is estimated to be at or around 1MW.
Store Due Dilligence:
Amazon
Storefront Rating (4.9 from 275+ Reviews): http://www.amazon.com/gp/aag/details/?seller=A2X6P52S5O7ZVU
CoinPayments.net Feedback Score (98%): https://www.coinpayments.net/index.php?cmd=feedback&sub=view&id=b0542bd35459d0be22228df260c565e8
Web Store: http://www.buyahash.com
Share Offering Information
Tentatively, BTCI is looking to issue 100,000 shares via a VIPO on Havelock. Shares will be released in tiers between (approximately) 0.021 BTC and 0.025 BTC for a sum total of approximately 2,400 BTC if our goals are met. This will allow BTCI to invest into Coin Services to aggressively pursue contracts with BitMain, ASICMiner, ZeusMiner, AlcheMiner, Gridseed, and non-ASIC manufacturers of mining accessories to dominate the American and Worldwide markets.
Corporate Governance and Due Diligence
Currently, corporate governance is controlled by the owner/operators of this listing. However, we will immediately seek after IPO completion to create a 3 to 5 member Corporate Governance Board (CGB) consisting of eligible shareholders of this offering to steer and advise Coin Services LLC. Optimally, we will bring the list of eligible candidates to a shareholder vote within 3 months of the IPO for a one-year term.
Elected CGB members will be required to make themselves available for expense-paid board meetings at company headquarters to review company documents, P&L statements, and company procedures and inventory to verify legitimacy of the offering, as well as provide any and all due diligence required of non-CGB shareholders.
The discussion here is for informational purposes only and shall not constitute an offer to sell any securities.
FOR NON US INVESTORS:
Offers to sell and purchase any securities shall be made through Havelock Investments. A prospectus may be obtained at https://www.havelockinvestments.com/reportdownload.php?id=107
FOR US INVESTORS:
Please contact Coin Services LLC at [email protected] to enquire about purchasing any of the LLC member units. In compliance with SEC Reg. D. 506 exemptions, Coin Services LLC shall provide a Private Placement Memorandum and also requires certain Accredited Investor documentation prior to accepting any offer to purchase membership units.
SEC 506c Filing: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-210787&owner=exclude&count=40
__________________
More questions? Contact us a [email protected], or join us in our IRC Chatroom at: #BuyAHash on Freenode.net!
Here is our offering on Havelock. Its a very generic ticker name, but the offering is a bit different than what you've seen on Havelock, or any exchange for that matter. Feel free to post, chat, call, or E-mail us if you have questions that go beyond the prospectus, and this posting, as I am sure there is a lot to come. The offering size is large, but we believe that the request justifies what we're working on.
URL to Havelock: https://www.havelockinvestments.com/fund.php?symbol=HASH
Havelock Prospectus: https://www.havelockinvestments.com/reportdownload.php?id=107
What is the offering:
Big Trend Capital Investments, Limited is a duly-formed Hong Kong based limited company with a duly-appointed director with offices referenced on Page 1 of the Havelock Prospectus.
Overview
Big Trend Capital Investment Limited (BTCI), a Hong Kong Limited company has entered into a consulting services agreement with Coin Services LLC, an Ohio based cryptocurrency mining company, and hardware reseller, which owns and operates its trademarked “BuyAHash” service. As part of the consulting services, BTCI plans to help Coin Services raise additional capital for expansion by investing BTCI’s own and raised capital into Coin Services. Capital raised from the private placement will be utilized to grow the business in a variety of areas.
BTCI is a member of Coin Services LLC. Any investment made into BTCI shall be guaranteed by a pro rata amount of membership units of Coin Services LLC held by BTCI. Should the amount of investment be above the amount of membership units currently held by BTCI, BTCI shall obtain additional membership units from Coin Services LLC.
BTCI shall distribute any received profit/dividends to investors, as applicable, in accordance with relevant securities laws.
Coin Services LLC information
The below information is from Coin Services LLC about their business and expansion plans. While BTCI has relied upon this information to make it’s investment into Coin Services LLC, BTCI assumes no responsibility for the information presented below for any investment you make into BTCI:
Note: Any reference to us, we, our below in italics shall mean Coin Services LLC.
Target Markets
Our target markets excluding internal mining facilities include retail consumers of cryptocurrency hardware products by leveraging our contracts for exclusive and non-exclusive hardware. Additionally, we have concluded contracts to deliver cryptocurrency mining hardware to large PC retailers such as Micro Electronics (TM) via wholesale contracts.
Business Strategy:
By utilizing volume purchasing power through hardware fabrication and acquisition, we can grow our own, very profitable in-house mining farm, as well as sell excess supplies to an emerging $1 billion market, with very little competition. In 2013, we grossed approximately $450,000 USD, with gross profits of approximately $75,000. We note that the 2013 P&L statement represented at most, 9 calendar months, and 12-month gross revenues exceeded $750,000 USD.
Corporate Information
Coin Services LLC, an Ohio-based Limited Liability Company (Company #2191043) was formed on April 12, 2013. The registered address is 9051 Broadway Street Stoutsville, OH 43154.
A Different Take on the Traditional Mining Company
In the Cryptocurrency economy, dozens of mining and crypto securities have come and gone, some due to incompetence, but many through corporate malfeasance. Our goal is to change the paradigm of the Bitcoin economy by creating the largest eCommerce and retail presence in the largest Bitcoin market in the world - America through a multi-tiered strategy that allows us to diversify our business strategy to the changing whims of the market.
When Everyone is Mining, Sell Shovels
In early 2013, Coin Services, LLC started as a novel PMB through a few investors, eventually listing on Litecoin Global to sell contracts on the market. Due to delays with electricity/HVAC deployment, we started selling hardware to generate income while we couldn't mine. The result was far beyond what we anticipated: Within two months, we had sold well over $100,000 USD in hardware, and were able to turn hardware at incredible rates through various channels such as EBay, and our e-Store, eventually growing to offer products on Amazon as well.
However, due to volume, we were financially constrained on how much purchasing power we could leverage against large companies such as ASICMiner or BitFury. Capital raised from this offering will help us with our multi-tiered strategy to become the face of Bitcoin retail in the US and throughout the world, replacing faceless, nameless, and unreliable hardware companies with a world-class distribution facility, located near America's largest distribution hub, Columbus Ohio. This allows us to leverage very affordable rates to distribute products, as Columbus is world-renown for being epicenter of American population - over 2/3rds of all Americans live within 500 miles of our facility.
Along the way, we've also secured lucrative contracts with one of America's largest computer retailers - Micro Center, a Hilliard OH based company. As of today, you can walk into any Micro Center store and purchase products that we've worked with our factories to produce. We need capital and infrastructure to continue to grow this relationship, and this is where Havelock and you come into the picture, thanks to Big Trend Capital Investment.
Cheaper Shovels Mean Cheaper Mining
Of the many offerings available in the mining industry, we believe we present a very unique opportunity to investors. Due to a large focus on retail products, we will seek to leverage massive buying power with reliable vendors to deploy to our current and forthcoming facilities to ensure that we can offer both a fiat and crypto hedge on investments - mining to make the coins, and selling the machines to make fiat to cover costs, and return dividends to shareholders.
Thanks to our location, the new facility we're in negotiations to purchase offers some of the lowest worldwide prices for electricity as low as $0.04/KWh, and a significant amount of capacity available for us to expand. The facility we are seeking to lease will afford us up to 68,000 square feet of mining and product distribution space to start with, and enough acreage to expand if we breach capacity, as well as loading docks for distribution to major retailers like Micro Center.
At this juncture, we'd prefer to be nebulous on which machines we'd seek to leverage for internal mining, as we have not done proper cost analysis on miners from all major companies. We would note, though, that volume purchasing power through most hardware manufacturers results in 20-40% off of typical "Retail" prices that most mining securities state as what they are paying for their equipment. Additionally, we do not have a timetable on when the facility can have full capacity prepared for hashing - which is estimated to be at or around 1MW.
Store Due Dilligence:
Amazon
Storefront Rating (4.9 from 275+ Reviews): http://www.amazon.com/gp/aag/details/?seller=A2X6P52S5O7ZVU
CoinPayments.net Feedback Score (98%): https://www.coinpayments.net/index.php?cmd=feedback&sub=view&id=b0542bd35459d0be22228df260c565e8
Web Store: http://www.buyahash.com
Share Offering Information
Tentatively, BTCI is looking to issue 100,000 shares via a VIPO on Havelock. Shares will be released in tiers between (approximately) 0.021 BTC and 0.025 BTC for a sum total of approximately 2,400 BTC if our goals are met. This will allow BTCI to invest into Coin Services to aggressively pursue contracts with BitMain, ASICMiner, ZeusMiner, AlcheMiner, Gridseed, and non-ASIC manufacturers of mining accessories to dominate the American and Worldwide markets.
Corporate Governance and Due Diligence
Currently, corporate governance is controlled by the owner/operators of this listing. However, we will immediately seek after IPO completion to create a 3 to 5 member Corporate Governance Board (CGB) consisting of eligible shareholders of this offering to steer and advise Coin Services LLC. Optimally, we will bring the list of eligible candidates to a shareholder vote within 3 months of the IPO for a one-year term.
Elected CGB members will be required to make themselves available for expense-paid board meetings at company headquarters to review company documents, P&L statements, and company procedures and inventory to verify legitimacy of the offering, as well as provide any and all due diligence required of non-CGB shareholders.
The discussion here is for informational purposes only and shall not constitute an offer to sell any securities.
FOR NON US INVESTORS:
Offers to sell and purchase any securities shall be made through Havelock Investments. A prospectus may be obtained at https://www.havelockinvestments.com/reportdownload.php?id=107
FOR US INVESTORS:
Please contact Coin Services LLC at [email protected] to enquire about purchasing any of the LLC member units. In compliance with SEC Reg. D. 506 exemptions, Coin Services LLC shall provide a Private Placement Memorandum and also requires certain Accredited Investor documentation prior to accepting any offer to purchase membership units.
SEC 506c Filing: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=021-210787&owner=exclude&count=40
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