May I ask if your operation is profitable for your customers? I personally have seen a lot of comments here that says cloudmining operations are not profitable and most of them have become ponzi scams even if it is not the intent by the people who own them. In order to protect myself, and I encourage that others to too, please show us how profitable you really are backed by hard facts and numbers.
Columbia Basin Mining is not a cloud mining operation. In a cloud mining operation, you purchase hashing power and pay the expenses of the operator, which is why the one purchasing hashing power may have a hard time making a profit. Also with cloud mining, your profitability decreases as the difficulties increase. In our crowdfunding campaign, you are pre-paying for a set amount of Bitcoin and so you know exactly what you are getting for the price, there are no expenses or difficulties to worry about.
Is this a hedge? The timing of your product offering and what looks like a coming slow fall in BTC's price makes me think that you are predicting BTC might go down more. So if we pay you at today's prices and BTC goes down to lets say $500 then it would have been better for us to open a short position ourselves. I also want to know how are you going to assure your customers that you are really going to mine the prebought BTC?