Post
Topic
Board Securities
Re: [GLBSE] NASTY - No Operator Costs, Free Electricity, Free ASIC Upgrade!
by
OgNasty
on 03/10/2012, 21:33:02 UTC
I just thought I'd point out that gigamining shares are not backed by enough hardware to provide the claimed hashing power per bond. Gigamining shareholders are buying debt that is tied to difficulty, nothing more. NASTY is a real mining operation and shareholders own the equipment that backs the dividend.

As far as Bastone's constant digs at why I don't want to put up a motion to alter the contract. I underpromise and overdeliver. So while NASTY shares will be backed by more shareholder owned hashing power than claimed, gigamining is backed by less hashing power than is listed in the MH/s per share claim and shareholders don't own it.