Quote from: Carnth on September 04, 2012, 11:24:56 PM

I don't know if you know how to handle a mining rig and how to get the most profit from it. I say this because you asked for shareholder advice on where to mine--and to be frank--this is something a mining operator should already know.

I am well aware of what is required to run a mining rig. I am a gamer who discovered bitcoin, pushing gpu's to the limit is something I am quite good at.
In the same line I mentioned taking a shareholder vote, I said I personally mine @ BTC Guild.
I offered up the vote to make investors happy...
Everyone has their own idea of what is the best payout system, best pool, where the lowest fees are, if it is worth merge mining and converting other coins to btc - etc etc.
It would seem to me the only way to get around personal opinion would be to have a vote and take shareholder advice.

Quote from: Carnth on September 04, 2012, 11:24:56 PM

In other threads, you say you are new to all this
Quote from: ianbakewell on September 04, 2012, 08:57:44 PM
Fair enough I am new to this....

I am new to this

Tho that specific quote is in relation to the wording of the shareholder contract... something lawyers and wall st gurus get paid fortunes for and still mess up on.
Not about me being particularly new to bitcoins / mining.

Quote from: Carnth on September 04, 2012, 11:24:56 PM

I would not invest until you have a clear plan. You need to show how you can get some return from my BTC.
Start very small... Get a rig with one GPU going. Show how you plan to use it, and when you can get a return from it. And when the investors can get their return as well.
Once you do this, this thread can get much more active with all the positive returns.
But you may have to dip into you own pocket to get things going. This can be either BTC or rigs you already own. AKA, a loan from yourself to the BAKEWELL asset. This is perfectly fine as long as everything is clearly documented.

Once you get things started, more investors will follow. And... be nice to fund managers, they usually have bigger pockets than individual investors.

I have paid for the listing, I have started and will continue to fund the insurance, have began paying to market the ipo... dipping into my own pocket isn't much of a problem
I could contribute my current rig, or even use some of my bitcoins to begin paying some kind of dividend right now...
But I honestly fail to see how that would have any real benefit to shareholders, particularly if the hashing power / coins are loaned
Loaning would imply having it paid back with interest, I am not so sure putting BAKEWELL in debt (even to myself) is a good idea at all.

Quote from: Carnth on September 04, 2012, 11:24:56 PM

The only way to profit from your asset--as it stands with waiting until all share are sold--is to wait and buy the last shares. In the mean time, this mean no shares are sold, because everyone is waiting to be the last.

I understand this concern & am trying to figure out a way to fairly address it.
I believe you may be right with deploying the GPU's first and as funding becomes available, instead of in one big go, and then placing the asic order.

Wondering what the others are thinking. Cmon lurkers - I know you are out there.

https://glbse.com/asset/view/BAKEWELL