Re: [GLBSE] NASTY - No Operator Costs, Free Electricity, Free ASIC Upgrade!
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 http://bit.ly/VlU94G "Shares Outstanding." 100% of the dividends generated by the "Currently Operating" equipment (also noted on the OP) is paid to the Outstanding Shares.
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.
