Quote from: kuzetsa on October 03, 2012, 06:27:28 PM

Oh no, something just "clicked" in my brain which seems to be in line with other people being worried / confused / asking questions you've labeled as troll-ish and so on.

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

((...snip / partial quote from FAQ...))
HOW MANY SHARES ARE YOU SELLING?
25,000 shares have been issued. The rate which shares are sold will be determined by investor demand.

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.
((...snip / partial quote from FAQ...))

That won't work though.

If 100% mined output is going to shareholders, the surplus hashing power has no way of being funneled off (into another account or otherwise) unless you do something like:

Wild theories / assumptions:

-- front some money so that an "operating costs" account can buy the required number of shares at market price

-- outright GIVE the shares away to the "operating costs" account

-- somehow create "special operating cost shares" to fill the account with, which will have to be excluded from the original 25000 shares, but still pay dividends or some other scary maneuver.

As I said above. Something just "clicked" in my brain:

It still remains unclear what the exact nature of how / logic for how the extra hashing power will be allocated to pay for electricity and operating costs (( seems to me, the extra power will simply affect the value to ALL shareholders ... if so, the "surplus power per share" will make ALL shares higher than 20 MH/s and you're still left without any way to put that hash power into electricity or other operating costs ))

Three questions:

How will an "operating costs" account be done?

Will the "operating costs" account own some of the original 25000 shares?

Will there be a transfer of shares "at market price" or zero cost or what?

Edited to add:

My main realization was this:

Why is "extra hashing power" (beyond 20MH/s) per share even needed for the first place since that will be 100% paid to shareholders as dividends anyway and you would otherwise have no access to it. You can't just "claim it" so I wouldn't think this helps pay for electricity in any way whatsoever.

(finished re-proofreading and fixing. oops) -- Last Edit: Wednesday October 3rd 2012 @ 18:50 GMT

The Nasty contract on GLBSE and the OP of this thread, both only obligate NASTY to pay 20Mh/s. I asked Ognasty to change the OP (to show a higher MH/s rate) several pages ago and he refused. If he does happen to pay more it will be exceeding the contract.

I still fail to see why the market is valuing this asset so high for a puny 20Mh/s, even being first in line at BFL doesn't account for it.