Public Offering 100 000 bonds will be made available to the public. The bonds will be tiered in value beginning at 0.15BTC/bond with each consecutive 20 000 being 0.01BTC higher.
20 000 bonds @0.19BTC
20 000 bonds @0.18BTC
20 000 bonds @0.17BTC
20 000 bonds @0.16BTC
20 000 bonds @0.15BTC
...
*Plans for Expansion It is intended the initial sale of bonds will result in at least 10TH/s being controlled and paid out by LabRatMining on a weekly basis. The 10TH/s current estimate is subject to increase depending on the speed at which the public offering is completed allowing for further expansion.
So you want to raise 17000 BTC = $1.65 million USD in order to place orders for 20 BFL 500 GH/s minirigs which would cost $22,484 x 20 = $450,000. Where does the other $1.2 million USD go?
I said a minimum of 100MH/s per bond, and I'm covering hosting and electrical costs for life... I think I deserve to buy the company a little hardware to pay for that, and as with every company some profit should be included for the individual(s) going through the hard work to set up such a massive operation.