Quote from: Bastone on September 30, 2012, 04:31:25 AM

I am confused about what one share represents, the Contract say that one share is a 20Mh/s? Is that still the case or will one share be more? The OP says 469GH and 6985 shares?

So does this pay 469GH/6985 shares= 67 Mh/s once the ASIC's arrive?

or does it pay 20 Mh/s?

The end goal is to provide or exceed 20MH/s per share. It will require some management on my part to go from the current 1MH/s per share FPGA goal to the 20MH/s per share ASIC goal as we start massively increasing hashing power. Investor demand will ultimately determine the rate at which the MH/s per share amount is adjusted. There is no way to say exactly how many shares will be on the market when the ASICs arrive, but I will try to keep things orderly, and keep the share count down until the ASICs arrive.

Quote from: Bastone on September 30, 2012, 05:09:48 AM

So this is 20Mh/s per share, once ASIC's have arrived and 1 MH/s per share until then.

Those are the stated goals. However, the MH/s per share could increase significantly while buyers are found for the additional shares hitting the market. Dividends during this period should be extremely high due to being at the front of the line for ASIC miners, which should allow us to exploit a low difficulty, as well as a potentially higher MH/s per share while buyers are found. That is the "intrinsic bet" MoinCoin mentioned.

Quote from: Bastone on September 30, 2012, 05:23:43 AM

So will you pay more then 20Mh/s per share? or not?

I will pay more than 20MH/s per share if we have more than 20MH/s per share operating. I will not be dumping 18,000 shares on the market at once, so there will be a transitional period where it would be reasonable to assume that more than 20MH/s per share in dividends will be paid.

Quote from: Bastone on September 30, 2012, 05:33:11 AM

How will you pay for electricity, if you pay 100% to the shareholders?

The quote below is from the thread FAQ. Basically, the way I'm planning to implement it is like this... Once we have our equipment in place and have exceeded the 20MH/s per share goal, shares still held by the company will begin being placed in a separate account, with dividends used to pay electricity costs and buy more shares on the open market. This should allow NASTY to remain free of operator costs & electricity costs, while also providing an ongoing demand for shares and not dilluting the market.

Quote from: OgNasty on June 11, 2012, 01:31:41 AM

HOW CAN YOU PROVIDE FREE ELECTRICITY?
I intend to purchase more than 20MH/s in mining equipment for each share sold. That surplus in power will provide an ongoing means to pay electricity costs for the operation.

Quote from: Bastone on September 30, 2012, 06:19:29 AM

So then the cap for dividend payments to shareholders is 20Mh/s per share. The excess will be used for electricity and buybacks.

There is no "cap" and seeing as though there are only 25,000 shares and more than 500,000MH/s currently on order, without a motion passing with a 66% 'yes' shareholder vote to issue more shares, the MH/s per share is guaranteed to exceed 20MH/s.

Quote from: Bastone on September 30, 2012, 06:28:43 AM

I'm still completely confused as to how this works, could you please rewrite the OP to show how much you payout? Do you payout 100% of your gear to 25,000 shares (with 18k of them held by the company)? Do you payout 20Mh/s per share and keep the rest for electricity (as the OP states)?

You don't seem to understand how GLBSE works. Dividends are paid out only to the Outstanding Shares (noted on the OP). Currently there are

"Shares Outstanding." 100% of the dividends generated by the "Currently Operating" equipment (also noted on the OP) is paid to the Outstanding Shares.

Quote from: Bastone on September 30, 2012, 06:50:02 AM

So when you get your ASIC's and its over 20Mh per share, you said that you would transfer shares to a private account until the payout was 20Mh per share and use the private account to pay for electricity and buybacks.. So the time it will be over 20Mh per share is very brief. That seems to be in effect a 20Mh per share cap. Until all of the gear is received and it will be slightly over 20Mh for the full 25,000 shares.

You are making assumptions about the rate at which shares would be transferred to a private account. As the controller of the company, that makes me the single largest controller of NASTY shares at the present time. That is a rather large incentive to keep dividends high, shareholders happy, and the share price elevated.

Let me also repost this:
There is no "cap" and seeing as though there are only 25,000 shares and more than 500,000MH/s currently on order, without a motion passing with a 66% 'yes' shareholder vote to issue more shares, the MH/s per share is guaranteed to exceed 20MH/s.

Quote from: Bastone on September 30, 2012, 07:11:57 AM

So your saying you own all those unsold shares? I thought the shareholders owned this company and the equipment? Apparently they only own 7k and you own 18k?

As stated, I control them. I do not own them. Due to controlling them on behalf of the shareholder, I have an incentive to make sure they are valued highly and distributed in a way that maximizes shareholder value.

Quote from: Bastone on September 30, 2012, 08:37:17 AM

why don't you change the OP to state that 100% of the hashing power of the gear will be returned to the shareholders with no 20Mh/s per share cap.

I have no plans to change the OP or contract at this time. There is no cap.

Quote from: kuzetsa on September 30, 2012, 06:23:30 AM

no such cap exists.

Quote from: OgNasty on September 30, 2012, 06:24:01 AM

There is no "cap"

Quote from: Bastone on September 30, 2012, 06:26:12 PM

The OP clearly states 20Mh/s per share. You won't change it. That sure looks like a cap to me.

Then make your investment decisions based on your assumptions. The imaginary cap has been addressed several times now and I don't think anyone appreciates your trolling using a sock puppet account. As mentioned, with the current shares issued and the ordered equipment, it would be impossible not to exceed 20MH/s per share without either a shareholder motion to issue more shares, or the equipment providers falling short of their estimates.

Quote from: Bastone on September 30, 2012, 06:47:16 PM

Are you going to buy more equipment? Or is the rest of the IPO pure profit for you?

This was already answered. Please re-read the FAQ section on how free electricity is provided and the above posts for clarification.