Re: NoirShares Encrypted Messaging✔, Lotto✔, Advanced Features ✔ Unique PoW✔

Your math gives total shares, but like i pointed out, It was a declaration on my part that 10000 NRS == 1 BTC == 1 Share, but that was not the price on the market was it? So we cannot assume that there is investment worth 50 BTC. The investment total was worth

29 BTC + 157 k NRB and 167k NRS +447 PTS (corrected)

Which at market price then was 29 BTC + 1.8 BTC + ~ 8 BTC and 4 BTC.

The SHARES are 50 but the VALUE is much less that your proposed 49 BTC

So what you are trying to tell me is that 29+1.8+8+4= 42.8 BTC is much less than 49.81 BTC, with your perceived value. Still even if I would take this into account 42.8 BTC is still a lot more than the around 32, maybe 33 BTC that was payed for the 5 miners!

Let's put the sarcasm aside a little and look at the facts. The shares are nearly 50 and their value, if you wish is 43 BTC (rounder numbers for ease)

Immediately remove the cost of the miners 33 BTC customs and taxes 7 BTC and the first two months electricity and the entire investment is gone.

Please confirm or reject with a reason.

Explain taxes

the miners were sent to me, as a result on their arrival i had to pay import taxes or "customs duty" as it is called in other countries. As you know, no country accepts BTC for such payments, meaning i had to pay it in fiat, if you are lucky enough to not live in a country with such regulation lucky you. :- http://en.wikipedia.org/wiki/Tariff if you were asking what it is exactly .

So taxes are paid in BTC nowadays? How much in dollars (exact) was it. Could you upload a copy of the customs duty bill (you can leave out the private information)?
Another question popping up: How much you say the mining operation has made (without extracting the costs)?

The mining operation has been a failure, and i said it before. mined under my control is maybe 17 BTC. Before we jump to that part, let's stay on track with the firt part of accounting so that we can clear it first then move on to other issues.