Quote from: twentyseventy on September 29, 2013, 05:45:33 PM

Quote from: pankkake on September 29, 2013, 05:30:04 PM

Quote from: twentyseventy on September 29, 2013, 05:28:16 PM

Why wouldn't someone just buy directly from BFL, KnC, etc. themselves? All of the risk here is on the investors, correct?

That's the point, shifting all the risk to the investors. Welcome to bitcoin mining IPOs.

I'm aware; I'm really just trying to pose these questions for the OP. It looks like he's genuinely trying to get a venture like this funded (not scamming) and I want him to learn why he won't get the funding that he wants. To paraphrase Deprived, if you're not bringing significant expertise or assets to the table, why would anyone invest?

Some people, many if not most, do not have the funds to purchase a large efficient mining hardware solution themselves. Those that can should be handling the hardware themselves. That provides both better returns as well as full control over everything.
Those who do not have the funds or simply do not have the drive or know-how to handle the hardware must turn to other solutions such as hosted mining, mining contracts or shares in mining companies. Any of these methods will cut into your personal profits, often significantly.

In the end it is up to those who wish to mine how they want to do it I am just offering up what I know I can handle. I want to offer mining shares that will, over time, maintain much of their original value and hopefully increase in value. I know that there are other people out there that probably have more experience than me, more assets and a greater community following. I am simply offering up another option to those who are interested. Everyone has to start somewhere. I have just chosen to take a bigger step than most people would I suppose.

As it says on the website one of my main goals is to spread the news and knowledge of Bitcoin throughout my local community. I could have chosen to keep SudoMine completely local. I decided though, that I wanted to offer this to anyone who is interested. If you would like to purchase mining shares then that is wonderful. If you have constructive comments for me to consider that is also wonderful.

All in all this is something I have considered for a while now and have made the plunge. For those of you (if any Tongue

) that wish to join and help this get going faster, I thank you. For those of you that don't, that is your choice and I have no ill will towards you.