THIS IS NOT A PROPOSAL! THIS IS A ROUGH DRAFT AT BEST! AT BEST! Hello, I am wanting to create a bond. What I am proposing is I start a security on litecoin global with 1,000,000 shares for max expansion. I purpose for 25 litecoin a share invested directly into mining rigs. The benefits would be low buy in for a skys the limit company. I purpose a website with a domain name something the long the lines of Myhashingpower.com or something where stock holders can see a live update on exactly what im hashing and where its going also with a daily out look on revenue. As an investor you would be investing into the equipment and domain name both of which would be liquidated and dispersed evenly across the share holders in an event we fall apart or take a loss for more than 30 days. Now the advantages of investing in me would be the know how to build and operate a mining rig and most importantly the energy it costs to maintain such rig would be on me.
My current hash rate is low as I am using the same computer to mine as I am using to write this thread. The possibility of expansion is based on the shares I sell. As a stock holder you could watch my company grow right along with the profits that come with it. I currently make about 2-4 litecoins a day and that number would rise based on the equipment I am able to purchase. 40% of all litecoin mined daily would be deposited as a dividend daily. the other 25% is for cost of electricity and other expenses like internet cost domain name ect. 25% for expansion (we will constantly be upgrading and buy new equipment) and 10% directly in my pocket. All expenses and electricity cost would be broken down exactly to the tee every month or daily, and if any remaining from that 25% would go into a bonus for shareholders.
My goal would be for shareholders to have a real time view on exactly where the money is going, where the money is currently located and obviously how much, for example I would like investors to see the 25% expansion fund rising along with the 25% expenses fund exactly showing where our deductibles are going ect. I would like to be able to show investors everything I see. Now that being said those numbers are experimental and open to change for example it would be nice to squeeze out a 5% or the remaining expenses fund (which could be a bonus) into a lottery exclusive to shareholders on my website where every week or month some lucky person makes a little extra. I want a webpage that puts the shareholders in control!
The purpose of this thread is feedback. I would like advice suggestions or a better business formula. Would you invest into a starting business like this? Do you think the risk is too high? I find the major advantage would be being a shareholder at the early stages of development is at 25 litecoin a share as soon as I sell enough shares and invest them back into the company and REALLY start hashing out some litecoin the bond will rise in value making it harder to buy in at such a low price. With that being said, invest 25 litecoins today and watch the dividends trickle in slowly at my CURRENT hash rate or invest 1000 shares and watch my company expand and REALLY start making us some money.
My bottom line agreement is that the money I obtain from shares will 90% directly be put into the company for expansion. The only profit I make is the 10% from shares and the 10% from daily mining. So current day I can mine 2-4 litecoins daily so with your very first investment you would be looking at a return with no downtime, the possibility of more revenue would come from the equipment I am able to buy.
The 1,000,000 share idea might be unrealistic and that is why I'm writing this thread. I want max expansion and if I only started say 1000 shares then after 1000 shares are sold at 25 litecoin thats approx 1903.25 usd current date and that would be ALL the money I could work with plus the 25% I get from mining for expansion. That may seem like a lot of money but I am not about to dedicate my time and effort for something that has a limit like that. I am willing to invest 24/7 my time and effort into this and at 1903.25 that is just enough to buy 1 decent rig. I want to buy and expand as much as possible. I own 30 acres of land, I have two addresses with a total of 4 power meters and 200 amp service, an associates in business and accounting so I know my shit. 1 mining rig is inky dinky to what I am capable of doing here. Yes I could just start a small business with 1000 shares but at 1,000,000 shares the sky is the limit and if all 1,000,000 are sold that is a 1,903,250.00 dollar business and if I can invest slowly from shares and expansion fund, the profit by the time I sell 1,000,000 shares I would own this market completely but its gotta start somewhere.
So lets say I manage to actually sell 1000 shares. That is 25000 litecoin 1903.25 current day. If I could get 100 litecoins (which is way undershooting realistically) a day a share would be valued at 0.1 litecoin. so in 250 days you would break even and start to make a profit. That's a low ball average too. For 1900 bucks if I cant mine 100 litecoins a day with that kind of hashing power than something is seriously wrong.
I would like to reserve the right to switch crypto currencies based on market value demand hackers ect. I want to mine whatever is most profitable and at the current day in age litecoin is where its at with the rise in demand and bitcoin reward halving. The equipment Ill invest into would be versatile in that area. I would NOT invest into an asic for more reasons than one and the most important reason is that device only hashes sha256 that's unacceptable if something were to happen to bitcoins market value. Not saying we as a company couldn't mine bitcoins or upgrade to that level of power no, what I am saying is that I refuse to be stuck mining 1 crypto currency when so many are out there and the market for them fluctuates frequently. The only constant would be payment in litecoin, unless the value drops completely in that case we switch to bitcoin and find a new platform to sell shares on. Regardless you as a shareholder will ALWAYS be paid DAILY and have access to a forum on my webpage that shareholders can point me in the right direction for new or used equipment issues ideas ect.
As far as verification I would be willing to give anyone a copy of my licence, my address that you can verify on google maps and recent pictures of my property so you know its legit and anything else you would like to see or have as verification I have NOTHING to hide and if your a psycho and wanna rape me or something good luck because I have cameras sensors and a whole arsenal of weapons including my Glock which never leaves my side, I also have a permit to carry and conceal so good luck catching me outside my house
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That being said in two weeks I will be starting this business on litecoin global as soon as I invest the correct amount of money I need to get started properly and the domain site. The idea will be the same but the numbers may change, this is why I made this thread. I want feedback on what you as a shareholder would like to see. The bottom line question is would you invest 25 litecoins in a business like mine? (yes I know there are other bonds out there) what separates me from other bonds is the expansion possibility as those other bonds are stuck in a rut with whatever low amount of shares they started with and now there is NO ROOM for more profits only the slow trickle down effect you would get anyways.
My goal I would like to see someone invest 25 litecoin and in less than a year that turn into 100litecoins. Thats my goal. That's my objective, to make as much money for EVERYONE as computerly (yes i made that word up) possible. What do you think? Would you invest? If not, tell me why and what I could do to gain the trust and respect of you fellow miners or respectively give suggestions on what would make this business successful. This will be happening in two weeks regardless you heard it here first (currently working with my webpage developer as we speak and she has tons of wonderful ideas to long to fit in this thread). Jump on board the express lane to true economic freedom and join me in the vision of quitting your day job
Thank you have a productive and hopefully profitable day.
