Re: [Group Buy]12 KNCminer Jupiter's 15 Sold [Closed] Jupiter Pool
I took a look at Bitfunder, but am not that familiar with the details of listing shares of miners (specifically what the costs / caveats / issues are of being listed).
1. Are there additional costs associated with this? (Listing fees, mgmt fees, etc)
2. Are there any restrictions on shares? (Lockout timeframes, sale fees, who can buy/sell, etc)
3. How is EOL handled for the fund? (Yield < Power costs)
4. For a mining pool, how are hardware failures handled? (Direct dilution across the pool, specific person is SOL, share retirement, etc)
Sorry if these are elementary questions. I have experience with stock options (employee and "general"), RSUs, stocks, bonds, etc, but have never worked with something like this in the bitcoin space, and don't feel informed enough about it to vote "+1" or "-1".
Thoughts?
1. Are there additional costs associated with this? (Listing fees, mgmt fees, etc)
2. Are there any restrictions on shares? (Lockout timeframes, sale fees, who can buy/sell, etc)
3. How is EOL handled for the fund? (Yield < Power costs)
4. For a mining pool, how are hardware failures handled? (Direct dilution across the pool, specific person is SOL, share retirement, etc)
Sorry if these are elementary questions. I have experience with stock options (employee and "general"), RSUs, stocks, bonds, etc, but have never worked with something like this in the bitcoin space, and don't feel informed enough about it to vote "+1" or "-1".
Thoughts?
Hey guys,
1. I have offered to waive the listing fee for you guys, and there are no management fees.
2. None.
3. That is no different than how it is handled currently.
4. Also, same answer as how it is handled now.
BitFunder is just a means to be able to account for, and trade your shares.
Hope this helps
Ukyo
Ukyo, thanks for the details. I appreciate the patient responses on this!