Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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 .
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.
Collateral? I thought he meant every 100 shares would be entitled to the 15T's 20% profits?
Well he did say "I will be a small franchise partner too". And then went on to use the word Mortage. (Though I don't have a Mortage, I thought a Mortage was a type of collateral. Effectively losing the ability to sell/get dividends from the shares you put up to mortgage the TH they send you, otherwise how is AM going to make sure that the small individual franchisers don't run off with their equipment?)