[OPPORTUNITY] Invest in a working mining operation

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: demonofelru on April 13, 2011, 11:12:37 PM

Like I said wire and WU are terribly bad for me is there anyway for another maybe mtgox transfer or something? Also the minimum is 500? That's quite a bit.

Now I will also accept BTC at mtgox close price of the day, only with option number 2 (see post #1)
As for the minimum, I would like to keep number of investors low, to reduce administrative overhead.
Anyway, I will make an exception to the first 5 investors, with a minimum of USD100 or btc.

So, if you invest let's say 100 btc, you will be paid 12 x 11.33 btc.

demonofelru

full member

Activity: 238

Merit: 100

Like I said wire and WU are terribly bad for me is there anyway for another maybe mtgox transfer or something? Also the minimum is 500? That's quite a bit.

gusti

legendary

Activity: 1099

Merit: 1000

Offer is still open to 20k investing, 3 options available (see post #1)

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: Alex Beckenham on April 10, 2011, 02:38:03 PM

Quote

For every USD 1000 you invest, you will be paid 12 x USD 114

Well see the point that I was probably trying to get to with an all USD deal, is why would you pay out such a massive amount in interest, when you could just get $1000 on a credit card at 16% p.a. to fund your mining?

That question has many answers :

- Money is not so cheap here. Credit cards interest average is 30% + VAT
http://www.econoblog.com.ar/9324/intereses-de-la-tarjetas-de-credito-pagando-pago-minimo/

- I prefer to deal with investors, not with banks. Do we need banks at all ?

- Operating costs are low, so I'm able to make the offer more attractive.

- I wish investors being my associates, rather than compete with them. Wink

Alex Beckenham

full member

Activity: 154

Merit: 100

Quote

For every USD 1000 you invest, you will be paid 12 x USD 114

Well see the point that I was probably trying to get to with an all USD deal, is why would you pay out such a massive amount in interest, when you could just get $1000 on a credit card at 16% p.a. to fund your mining?

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: Alex Beckenham on April 10, 2011, 01:17:27 PM

I'm not sure if this plan is something I'd be interested in (still thinking about it), but just want to mention that I purchased quite a large sum of coins (4-figure) from gusti which I paid for via WU... I sent first and gusti did send me the coins.

Gusti, if you're paying back capital in USD and interest in BTC, interest is 42% p.a. and BTC is (perhaps) growing in value, is that not like paying MORE than 42% p.a. interest on a standard USD loan?

Would you want investors that only want USD in and USD out? (Not me, I'm just throwing the idea around

).

Thanks for your confidence. Hoping to make more trades with you in the future.

Yes, paying a part or all in BTC, will benefit the investor if BTC is revaluing over the repayment time.
That's the main idea on investing in a working mining operation : the produced is naturally in BTC.
And to honour your idea, I updated the offer with the 3 options at investor choice (pls see post #1).

Alex Beckenham

full member

Activity: 154

Merit: 100

I'm not sure if this plan is something I'd be interested in (still thinking about it), but just want to mention that I purchased quite a large sum of coins (4-figure) from gusti which I paid for via WU... I sent first and gusti did send me the coins.

Gusti, if you're paying back capital in USD and interest in BTC, interest is 42% p.a. and BTC is (perhaps) growing in value, is that not like paying MORE than 42% p.a. interest on a standard USD loan?

Would you want investors that only want USD in and USD out? (Not me, I'm just throwing the idea around

).

Nefario

hero member

Activity: 602

Merit: 512

GLBSE Support [email protected]

With regards paying investors, if you list on the upcoming stock exchange you can pay dividends to all shareholders, then there can be a lot of small investors, even as little as one share, whatever value that may hold. This has no overhead, all you really need to worry about is drawing up detailed share certificate/contract, then you can sell that a thousand or more times.

If you plan to give shareholders voting rights the system supports that too, one share equals one vote, allowing you to put resolutions to your members and get the opinion based on share ownership.

MoonShadow

legendary

Activity: 1708

Merit: 1007

Quote from: nanotube on April 09, 2011, 09:28:25 PM

Quote from: MoonShadow on April 09, 2011, 01:07:26 AM

What you are proposing is essentially a one year business bond. The problem is that it's unsecured and includes currency risks. 3% isn't enough interest.

he said 3% per month, not per year. that comes out to about 42.5% per year

My mistake. Thanks for pointing this out.

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: nanotube on April 09, 2011, 10:15:56 PM

Quote from: gusti on April 09, 2011, 10:03:44 PM

Quote from: nanotube on April 09, 2011, 09:49:21 PM

now, a more important question, i think, is how do investors know they can trust you not to just walk away with the cash?

Good question. I have good reputation, both here and outside.
Banking, commercial references, you may visit and know me in person.

Most important, I think, is that mining operation is already up and successful.
Lot of work was done, scammers don't like to work so hard. Wink

so i guess you would be ok with any potential investors querying you for this information?

Sure I will be ok with queries. For this information not being disclosed beyond control,
I think investors may name any reputable member to make this due dilligence, and be
the depository of the backing documents.

Additionally, he may also escrow the grow of the mining operation, releasing funds anytime
a rig is added to the network.

nanotube

hero member

Activity: 482

Merit: 501

Quote from: gusti on April 09, 2011, 10:03:44 PM

Quote from: nanotube on April 09, 2011, 09:49:21 PM

now, a more important question, i think, is how do investors know they can trust you not to just walk away with the cash?

Good question. I have good reputation, both here and outside.
Banking, commercial references, you may visit and know me in person.

Most important, I think, is that mining operation is already up and successful.
Lot of work was done, scammers don't like to work so hard. Wink

so i guess you would be ok with any potential investors querying you for this information?

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: nanotube on April 09, 2011, 09:49:21 PM

now, a more important question, i think, is how do investors know they can trust you not to just walk away with the cash?

Good question. I have good reputation, both here and outside.
Banking, commercial references, you may visit and know me in person.

Most important, I think, is that mining operation is already up and successful.
Lot of work was done, scammers don't like to work so hard. Wink

nanotube

hero member

Activity: 482

Merit: 501

now, a more important question, i think, is how do investors know they can trust you not to just walk away with the cash?

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: nanotube on April 09, 2011, 09:28:25 PM

Quote from: MoonShadow on April 09, 2011, 01:07:26 AM

What you are proposing is essentially a one year business bond. The problem is that it's unsecured and includes currency risks. 3% isn't enough interest.

he said 3% per month, not per year. that comes out to about 42.5% per year

Yes, interest rate is 3% direct, monthly.
Plus any benefit for a BTC revaluation.

gusti

legendary

Activity: 1099

Merit: 1000

creighto

Quote

If you have 200 different investors, you are going to want to standardize the payment methods. Otherwise you are going to be spending too much actual labor time sending the payments each month.

That's right.
Anyway, with a mininum of USD 500.- and a maximum of 20k per investor, I expect to keep number of investors low.
With some luck, no more than 10 investors.

nanotube

hero member

Activity: 482

Merit: 501

Quote from: MoonShadow on April 09, 2011, 01:07:26 AM

What you are proposing is essentially a one year business bond. The problem is that it's unsecured and includes currency risks. 3% isn't enough interest.

he said 3% per month, not per year. that comes out to about 42.5% per year

MoonShadow

legendary

Activity: 1708

Merit: 1007

Quote from: gusti on April 09, 2011, 08:38:55 PM

Quote from: MoonShadow on April 09, 2011, 07:53:17 PM

Quote from: gusti on April 09, 2011, 09:34:18 AM

To make things simpler, I'm thinking on offering a mixed repayment type : capital will be repaid in USD and interest in BTC.
e.g. : for every USD 1000.- you invest, you will be paid 12 x USD 83.33.- and 12 x 40 BTC.

What do you think ?

I think that is a workable solution. Such an agreement pretty much removes investor currency trade risks. Would the USD be in MtGox $, PayPal $, or some other method?

USD payments can be with any method, at investor choice, no problem with that.

If you have 200 different investors, you are going to want to standardize the payment methods. Otherwise you are going to be spending too much actual labor time sending the payments each month.

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: MoonShadow on April 09, 2011, 07:53:17 PM

Quote from: gusti on April 09, 2011, 09:34:18 AM

To make things simpler, I'm thinking on offering a mixed repayment type : capital will be repaid in USD and interest in BTC.
e.g. : for every USD 1000.- you invest, you will be paid 12 x USD 83.33.- and 12 x 40 BTC.

What do you think ?

I think that is a workable solution. Such an agreement pretty much removes investor currency trade risks. Would the USD be in MtGox $, PayPal $, or some other method?

USD payments can be with any method, at investor choice, no problem with that.

Initial target capital is USD 20k, or 40 positions of USD 500 ea.
That will double the capacity of actual operation (currently 12 Ghps).

MoonShadow

legendary

Activity: 1708

Merit: 1007

Quote from: gusti on April 09, 2011, 09:34:18 AM

To make things simpler, I'm thinking on offering a mixed repayment type : capital will be repaid in USD and interest in BTC.
e.g. : for every USD 1000.- you invest, you will be paid 12 x USD 83.33.- and 12 x 40 BTC.

What do you think ?

I think that is a workable solution. Such an agreement pretty much removes investor currency trade risks. Would the USD be in MtGox $, PayPal $, or some other method?

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: Nefario on April 09, 2011, 01:27:21 AM

You might want to wait about a week and a 1/2 when BitcoinGlobal (my company, with several prominent co-investors and board members) launches the Global Bitcoin Stock Exchange, it's not just for shares but will allow you to monetize(for bitcoin) any contract you can imagine, from bonds, loans, to futures contracts.

We're going to start open testing in the next few days, pm me if you want in.

Thanks nefario, I will be watching it very closely.

Topic: [OPPORTUNITY] Invest in a working mining operation (Read 3627 times)