Quote from: filharvey on June 17, 2012, 11:51:30 PM

So from that, as a possible investor (I've thought about buying in as I just want the weekly returns on 1mh/s. If I buy in and have a share, and you upgrade equipment, am i on 1mh/s or 20mh/s on the upgrade date or delivery date? I'm assuming 1mh/s.

The 20MH/s would go into effect upon the delivery date of an ASIC miner.

Quote from: filharvey on June 17, 2012, 11:51:30 PM

But for x months you are willing to pay out of your pocket? For any normal person this can only happen for a few months,what happens if bfl never deliver,or deliver below the 20mh/s?

Obviously I'm not going to pay dividends out of my pocket forever and I have no plan to start doing so at this time. If delays become longer than anticipated, that is one option I have to compensate shareholders for their trust and investment. I don't think anyone I've dealt with in the past is concerned that I'm not going to compensate shareholders. At this time, any announcement as far as extraordinary compensation would be premature.

Quote from: filharvey on June 17, 2012, 11:51:30 PM

Would it not be best to start a new bond for the hardware?

No. I have no intention of ever issuing a bond. I think issuing a bond in the face of the coming mining environment would be taking advantage of investors, which is why I specifically structured this investment as a share of a company. It leaves the door open for a lot of growth for shareholders that would otherwise be unavailable.

Quote from: MoinCoin on June 18, 2012, 09:54:37 PM

Quote from: filharvey on June 17, 2012, 11:51:30 PM

Would it not be best to start a new bond for the hardware?

NASTY is no bond! IMHO thats why it would be best to stick to this security.

Amen.

Quote from: MoinCoin on June 18, 2012, 09:54:37 PM

@NASTY what if competitors double your Mhash/s per BTC
Is 20 Mhash/s is just a rough guess and the actual hashrate could be higher too?

I'm not worried about what my competitors do. The 20MH/s was an educated estimate using the figures published in Butterfly Labs' press release. The actual number could be more or less depending on the final figures released by Butterfly Labs. However, I think 20MH/s is a realistic expectation at this point.