Quote from: MonkeyBear68 on June 28, 2014, 07:41:03 AM

Quote from: abdullahadam on June 28, 2014, 01:36:37 AM

Canadian company Vault of Satoshi launches Divcoin
https://www.vaultofsatoshi.com/divcoin
(~$50/month 10 gh/s)
The initial price per Divcoin is $5.00 CAD (USD/BTC equivalent). Fees are 0.00028 per Divcoin, per day, which will be automatically removed before payout.

I read it over and it sounds simply like a theoretical miner in which you are paying $5.00 for 1 GH/sec. You could simply buy B.MINE in which each share represents 5 GH/sec. One share of B.MINE (on Havelock) currently sells for a dollar equivalent of $10.54, so you would be paying only $2.10 for 1 GH/sec. You can sell your B.MINE shares at any time also.

IMHO there are too many hidden details for Divcoin. Vault of Satoshi volume has dropped since CaVirtEx has lowered its fees. I suppose VOS is trying to drum up business. In Canada I have used CaVirtex for just under 3 years now and I have found them to be reputable and trustworthy in all my dealings with them. CaVirtex is a Bitcoin/Litecoin exchange.

I've mentioned this before to...

Let's say you wanted to buy a 15 GH/s miner. You could buy a physical piece of hardware (very unlikely to hold resale value), buy a share of PETA (weekly divs/compounding for large quantity), or buy 3 shares of B.MINE. PETA will supposedly grow (after their financials are done getting brutalized by Lord-knows-what-interest-rate-and-no-I'm not-bothering-to-ever-look-at-that-sad-deception-of-a-prospectus-again-to find-out-what-it-is) in the long, long term, but by that point you will have been better off just holding the BTC and buying in after they've reinvested in cheaper, more efficient chips. B.MINE has no maintenance fee or interest payments as a derivative and is priced at >1% return (right now, at least until difficulty bumps).

Personally, I own ~45 GH/s of mining equipment, but all the coin that's generated is going into B.SELL (the shorting mechanism of 2070's fund). I'm disclosing this because with difficulty set to increase by ~25% this period (with droves of ASIC's being shipped probably as I type), its just a safer investment (and pays ~3-4x more than B.MINE for the same period). That being said, one of the major strategies with BDD seems to be to hold B.MINE starting early/mid-difficulty period, collecting as many daily divs as your risk appetite can handle, and then selling off and buying B.SELL before the bid line drops.