Quote from: Jsnow on January 14, 2014, 01:14:45 PM

Mmm.

First of all, you say no premine, but you also say 50k HAS are for the dev team and 50k HAS are for bounties ecc, so 100k from the genesis block are actually absolutely a premine.
If you want to have a bit of credibility you absolutely need to change this part in the Q&A and admit it.

Apart from that, you also need to explain a bit more the entire process especially those 2 points:

1 HAS = ?? Haspower
1 BTC donated = ?? HAS

Because, if we look at what you've wrote:

Quote from: castiron on January 13, 2014, 11:53:40 PM

Q. How is this possible?
A. We have aquired 6000GH/s in the form of 2 KnC Neptune miners from the first batch. 50% of the Bitcoins generated the previous day will be paid out directly as Proof of Stake at 00:00 GMT the following day.

Q. What will happen to the other 50%?
A. 10% will be used for electricty, maintenance, internet connection and storage, the other 40% will be deposited into the HashFund.

Q. How will the Genesis blocks 500000HAS be divided.
A. 50000HAS is for the developers, another 50000HAS is for various bountys, promotions, giveaway threads and similar.
The rest(400k) will be divided among the development donators based on their percentage of total Bitcoins donated.

You wrote you're going to pay out just 50% of the BTC generated by the 2 KnC Neptunes, so basically you're "selling" the hashpower from just 1 of the 2 KnC, while keeping the second one for yourself (10% bills and 40% funds).

So, translated, you're selling 3000 Gh/s of power to the investors.
If this power is divided among all of the 500k HAS of the genesis block equally, 1 HAS would be equal to 0.006 Gh/s.
At the current price on CEX.io 0.006 Gh/s = 0.00026813 BTC

So:
1 HAS = 0.006 GH/s ---> 1 HAS = 0.00026813 BTC ??

Assuming this is correct, to sell out 400k HAS you are asking for 107.252 BTC.

So, actually, at those rates, you would take 107.252 BTC for 80% (400K HAS) of 1 KnC miner = 85,801.6 $ (at a rate of 800$/BTC).

... LoL ...

I dont see what to change or what causes your confusion?
We dont sell the hashpower we distribute what it produce.

You example is completly wrong because there is no set price per HAS.
At CEX.io you pay a set amount of BTC for a set amount of hash.
Makeing a direct comparison between HashShares and CEX.io is not relevant in any way.
I also do belive that we will not raise 107.252BTC in donations, most likely alot less, perhaps only a fraction of that.
But if we reach 107.252BTC your example would be "correct", but if 107.252BTC is raised it would allow us to buy alot more mining capacity so it would still be a incorrect calculation, but i agree its interesting to play with the numbers.
You calculations does also completly ignore added future hash capacity that will be guaranteed through
the HashFund.
If you play with some math around the HashFund you will soon realise that it have potential to grow very quick and rapidly increase the hashing capacity of HashShares.