Post
Topic
Board Securities
Re: [BitFunder] TAT.VIRTUALMINE - IPO Later Today! (6/2/13)
by
davecoin
on 02/06/2013, 15:24:13 UTC
So a BFL 5Gh will cost about 54.80 per Gh but your's will cost 7? How is that even possible, what is your hashing power backed by?

mentioned on the 1st page:

Where do the dividends come from? If ASICMINER pays less than current mining reward per MH (due to various reasons, such as necessary reinvestment), will TAT fill up the dividend from own resources?

If ASICMINER dividends are insufficient, I have a reserved pool of bitcoins to cover any differences. As part of my personal plan to protect myself in this endeavor, I must reserve a fair amount of personal coins to remain agile and prepared for any market/mining shifts.

Also:

Backing of Bonds
The total amount of bonds issued will always be backed by a quantity of ASICMINER shares that represent an amount of hashing power that is equivalent to TAT.VIRTUALMINE’s total simulated hashing power, as determined by http://www.asicminercharts.com/live/ or the most recent hashrate as verified by ASICMINER staff.
Note: If ASICMINER shares begin to represent a decreasing amount of hashing, or if ASICMINER stops hashing altogether, TAT Investments will stop issuing new bonds until a sufficient alternative backing source can be established.