Quote from: willBTC on July 03, 2014, 01:04:39 PM

Quote from: JoTheKhan on July 03, 2014, 12:59:10 PM

Quote from: willBTC on July 03, 2014, 12:14:49 PM

I have asked Friedcat about the franchising mining farm,Friedcat replied me by E-mail that the franchising mining farm will be work after the mid of July.

BTW, I will be a small franchise partner too

each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .

Anyone wish to elaborate this means? If you have 100 AM shares, you can put them up as collateral for ~15T in mining gear, where you personally keep roughly ~20% of Profits/(Take Electricity Cost) (Meaning the other ~80% goes to AM for Divs/BitFountain)?

If this is the case, that is really cool. This sounds really really cool.

yes, that's the case. I was confirmed with Friedcat.

NOT cool at all. That would be ludicrous. At the current value of Bitcoins in USD that means you are putting up $1.25 per GHs and getting back 20% of what that will mine after electricity costs? Did we not already BUY those chips with the profits from our company? There is no way we have to put up our shares to get the hashing!! If AM is giving away the chips for a deal like this, then we should be getting a percentage of those proceeds from mining based solely on our ownership of those shares. I fail to understand how you think it's "cool" to have to use your shares as collateral for such an operation. It would be much better for your to sell your shares, buy mining equipment that uses more efficient chips and keep 100% of the profit after electricity costs.

I sincerely hope that this is not the deal FC cooked up. I cannot believe this for one second.