Post
Topic
Board Securities
Re: [PicoStocks] 100TH/s bitcoin mine [100th]
by
buzzdave
on 16/01/2015, 19:40:35 UTC
NOTICE TO SHAREHOLDERS

In light of the continued decline of the Bitcoin mining market, we are forced to make an adjustment in fees to accommodate hosting costs.  Despite declining revenues throughout all of 2014, this is the first adjustment we are taking that affects revenues. 
MegaBigPower has used it's early profits to supplement declining revenues to date.  In addition we have replaced all power supplies with more efficient units.  We have also replaced failing rigs in order to maintain our target hashpower.  Unfortunately we've reached the point where we must extract additional revenue off the top.
Effective immediately,  MBP will extract 30% of Bitcoin produced, prior to sending coins for distribution.  If the market recovers, we will reduce this revenue share. If the market continues to worsen, we will need to increase this revenue share.
I'm glad that we can offer this remedy as opposed to taking closure actions like some of the other mining contract providers, and appreciate your understanding.

Best
Dave Carlson, CEO
MegaBigPower