Post
Topic
Board Securities
Re: [BitFunder] Fenix. Hashing from the ashes of Bakewell.
by
Evolvex
on 30/08/2013, 01:12:49 UTC
Our most recent motion was passed unanimously!

To clarify the changes:

60% of FENIX revenues now go directly into our Reinvestment Growth Fund
40% Are paid out in the form of a weekly coupon on Thursdays

Catching up on old posts.....

I agree with the above btw, so I'm glad it went through. As I noted in a few PM's, an aggressive growth strategy, in my opinion the only way to stay mining.

I think I worked it out to be around, having to double hashing speed every 10 months or so (I think it was more than this, but rounding it down a little), so we need to be sure that we have enough saved in "the last period" to get the newer gen hardware as it comes out, skipping a gen between orders perhaps.

Regardless, job well done everyone Smiley