Topic: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock] - page 155. (Read 300764 times)

I can hook you up with some standoffs for the cost of shipping.  PM size and amount you need and where they are being shipped to.

Yes, thanks for that. If it is editable by me I'll probably embed it in the web site.
The amazon order through btczone is here:
http://pastebin.com/cPbsJzMg

And I plan to order standoffs to stack the boards as mentioned previously.

I am going to send out a dividend this Saturday on the earnings from my GPUs over the past week, then I will wait until the FPGAs are set up.

-Garrett

Appreciate the ledger.

Order paid for! 713 BTC for six boards with heatsinks. They will be mining the first week of April. Thanks to all investors!

I will make an inventory of everything we have on the web site when we start physically receiving items.

-Garrett

Thanks Jesse, I'll be using that unless I find someone selling an amazon gift card for cheaps.

And yes, we now have enough for 6.4584955752212389380530973451327 boards

I guess I'll ask Ford (fizzisist) to change the order a second time! This is a very good indication of how the IPO is doing haha.

I'm really excited too, this is going excellently!

So an update on the items to be purchased, here's the cart:
http://dl.dropbox.com/u/9542654/btc/cart.png

I'll probably order it tonight, not knowing how long it will take for them to process it.

I'm stoked, this is going well.

Did I just get you board number six? (another 100 shares sold)

Yes it is! I just checked it again, and now we have enough funds for five boards, and very close to six!

I've found some decent deals on fans and cables.

http://www.amazon.com/gp/product/B001S0I1Z2/ref=ox_sc_act_title_1?ie=UTF8&m=AD5ZUG3DINMWD  - 20
http://www.amazon.com/gp/product/B002YFSHPY/ref=ox_sc_act_title_2?ie=UTF8&m=ATVPDKIKX0DER   - 12

Totaling $106.88. or 22.5BTC at the current exchange rate of $4.79. These will be purchased one week before the boards are delivered unless someone finds something better.

Awesome.  It looks like the IPO is going pretty well so far!

Ordering three five boards instead of two. We should be at 2.0gh when I receive these!

I'll probably put that into place tomorrow.

I need some sleep though! I call this a successful day. I just sent out mail requesting two boards.

Thanks to all investors. I'm confident this will be a successful venture!

-Garrett

it must be a mistake of myself.


I'm surprised that you make such kind of generous arrangement.


I strongly recommend Garr and other IPO mining company define their operation and arrangement in such format. I think this will define most of the mining operation in a very clear way.

Garr, would you please fullfill this format?



Before the IPO, "The company" has 500 shares which is solely owned by the CEO.

Before the IPO, "the company" has such asset,

1.the whole rigs like ...
2.the right to use but not own the rigs like...
3.the right to rent the rigs ________ at price of ____ like...
4.the right to pass the electricity bills to the CEO in the future operation, which means that the CEO,but not "The company", is the one that will be responsible for paying the electricity bills for "The company".
5._____ BTC

and such debt or obligations:

nothing (there may be obligations to pay the 20BTC to GLBSE)



"The company" is offering to the public on GLBSE with 4500 shares of this company.The initial price per share will be 0.5BTC.

The IPO will provide the "The company" 2250 BTC of capital, which at the current exchange rate of $4.85/BTC will buy the company _____ x6500s for a total minimum hashrate of ____gh/s.

After the IPO, "the company" has 5000 shares,
1. 500 owned by the CEO
2. 4500 owned by the public shareholders.

After the IPO, "the company" has such asset:

1.the whole rigs like ...
2.the right to use  but not own the rigs like...
3.the right to rent the rigs____ at price of ____ like...
4.the right to pass the electricity bills to the CEO in the future operation, which means that the CEO,but not "The company", is the one that will be responsible for paying the electricity bills for "The company".
5.2250 BTC, which will be used to
   a)purchase the _____ x6500s for a total minimum hashrate of ____gh/s. The rest of the bitcoin which is not spended will be retained for the future expantion.
   b)rigs as____
   c)____
6.that the CEO promised to contribute some of the divident he get to the company solely for the expansion, which will be the less one of the following two items:
   a) half of the dividend the CEO get from the 10% of shares of the company.
   b) the dividend the CEO get from the 10% of shares of the company minus the electricity bills.

and such debt or obligations:

1._____
2._____

"the company" will retain 0% of the net income(BTC mined after any cost) for the future expansion and 100% for dividend. the dividend will be distributed weekly.

"The company" will publish these data weekly while in operation:

the mining statistics
the bitcoin mined
the bitcoin used for paying any fees or cost(it's better if the fees or cost is specified)
the net income
the bitcoin paid out as dividend
the money( bitcoin, USD or both) retained for expantion

Thanks for your investment! I'm sending fizz a PM about some boards now

Here goes nothing, looks like you're down to almost 4k shares left.

Edit: Horserider deleted his post for an unknown reason, so that is why this response seems random.

Okay I understand your confusion. The 5% of shares being held for expansion are included in the 10% that I am holding.

This:
is correct.

I will make adjustments to the main post now to clarify things. Thanks!

Heh, I just wanted to clarify that. I don't really mind

he's joking. english teacher would not make such grammatical errors ...

@Nefario you could still switch to 2.0 fast enough to jump on the IPO train for a good part of the sales and fees from that
my question was 'R you willing to bribe?

to potential stock buyers, please bear with us for a moment this is is important. no more hijacking and off topic after 4 am. I promise

edit: and ofc it's only teasing and pointing out interesting moments in time.

Nefario, I'd appreciate if you'd specify who ''owes you money'', in fear of someone jumping to the bottom of the thread and thinking you're referring to me

U OWE ME MONY!!! 

silly joke but here is the thread of thoughts to follow
- if the new fee structure would be in place, successfull IPO of this asset would net BitcoinGlobal 25 btc as fees from the 2500 btc raised here
- if there would be less bugs reported, the 2.0 glbse could be already in prod or at least not delayed for published reasons
- having 25 btc vs not having 25 btc makes a difference (having 25 btc is the preferred option)
- from above assumptions I concluded that I contributed to the loss of 25 btc to BitcoinGlobal

smiling now? wink