As a new mining farm, it only makes sense to invest in those things that would make proliferation, use and regeneration grow, increasing the need for my services, and essentially creating the need for "Me" at a later time. So, I am looking for innovative ways to do this. I have integrated the following 3 plans into my business plan, anyone see flaws, missed opportunities, or potential problems with with them? Or is there another idea I may not have considered?
Reinvestment 1 - Local infrastructure
Donation to up to 150 business of up to 50 Gh/s for one year of hashing power to fund purchase of equipment/software needed to integrate BTC payment systems. Allows business owner to see how the currency is created, traded, and become a part of the system rather than trying to "sell" them on something. Launch date to coincide with joining and announcement of membership at local Chamber of Commerce. Overall Cost of program: approximately $1200 + elec, 12 months. Estimated (bitcoinx.com/profit) local investment $154,244.57.
I like the minimal expense to me, and effective financial impact in my community, but would something like this really work? Announcement locally is about 45 days away, so it's "Split or get off the pot" time.
Reinvestment 2 - Local ATM's
With the retail price under $2K (U.S.) It only makes sense to make the currency more readily available locally....how many ATM's per capita would be appropriate?
and
Reinvestment 3- Merchant software/Hardware development
One of the reasons it helps that option 1 takes a year to fully mature, is the lack of a solid payment solution for brick and mortar existing business'. This can be a problem if some thing doesn't make headway soon, so ( and anyone that knows of a good open source program that would benefit, please post or message me) up to 20 BTC to help finance solution development. From a technical standpoint, what criteria would I want to consider before approving of or awarding a benefit to anyone?
Thank you all in advance for your input, and I hope i'm posting this in the right place, if not, someone tell me where to move it!
Shawyn
Reinvestment 1 - Local infrastructure
Donation to up to 150 business of up to 50 Gh/s for one year of hashing power to fund purchase of equipment/software needed to integrate BTC payment systems. Allows business owner to see how the currency is created, traded, and become a part of the system rather than trying to "sell" them on something. Launch date to coincide with joining and announcement of membership at local Chamber of Commerce. Overall Cost of program: approximately $1200 + elec, 12 months. Estimated (bitcoinx.com/profit) local investment $154,244.57.
I like the minimal expense to me, and effective financial impact in my community, but would something like this really work? Announcement locally is about 45 days away, so it's "Split or get off the pot" time.
Reinvestment 2 - Local ATM's
With the retail price under $2K (U.S.) It only makes sense to make the currency more readily available locally....how many ATM's per capita would be appropriate?
and
Reinvestment 3- Merchant software/Hardware development
One of the reasons it helps that option 1 takes a year to fully mature, is the lack of a solid payment solution for brick and mortar existing business'. This can be a problem if some thing doesn't make headway soon, so ( and anyone that knows of a good open source program that would benefit, please post or message me) up to 20 BTC to help finance solution development. From a technical standpoint, what criteria would I want to consider before approving of or awarding a benefit to anyone?
Thank you all in advance for your input, and I hope i'm posting this in the right place, if not, someone tell me where to move it!
Shawyn
HairFairy for president!
Whoho!
