<PREANN> Gib's mining farm

[Gibsalot]

at this point im leaning twords a straight 50% escrow that will go direct to placing buy orders in the AE at 50% of the issue price that will be the least amount of work for haitch to manage on his end as escrow holder. and will provide an Out for any investor who wants to liquidate wile at the same time there will never be a need for anyone to plead with haitch to release the escrow in the event somthing happends to me as it will alredy be in place. aslo i will exclude any asset's that have been sold into the escrow buyback system from Div payouts witch will only increse Div's for long term holder's

[croydan1]

@Gibsalot thank you for that informative answer and I really like the ROI ! Keep going I also like the buy back option it works very nicely for the numbers. BTW I am jealous at the amount of burst you are mining but I know that I will get there soon.

[Gibsalot]

@croydan1 im not mining that much right now , thats how much i would be mining after the first 100k shares sell and if the prices are around what i calculated them at. currently i have been mining aprox 13k - 14k per month with 21TB mining power

[manfromafar]

Do you have any plans on rebuying assets and burning them in a sense? Makes the asset rarer over time and payout more to loyal owners

[Gibsalot]

@manfromafar thats essentuly what the 50% escrow will be used for if i go with current input. basicly each share sold 50% go's to more HDD's and 50% go's to escrow account to be placed in the AE as buyback orders at 50% of issue price... any shares sold into that buyback escrow account will be (burned) and excluded from div payouts. its impossible to delete or get rid of shares . the closest you can get is locking them in an account and adding that accounts burst address to the list of accounts not to send div's out to

[manfromafar]

@Gibsalot said in <PREANN> Gib's mining farm:

@manfromafar thats essentuly what the 50% escrow will be used for if i go with current input. basicly each share sold 50% go's to more HDD's and 50% go's to escrow account to be placed in the AE as buyback orders at 50% of issue price... any shares sold into that buyback escrow account will be (burned) and excluded from div payouts. its impossible to delete or get rid of shares . the closest you can get is locking them in an account and adding that accounts burst address to the list of accounts not to send div's out to

Correct assets can never be revoked "yet" on the chain. Just didn't know if you were going to have the buyback in place but then also resell the bought back assets after your initially run through all original shares

[Gibsalot]

@manfromafar no id rather Burn them making the amount of shares smaller and over time drive the value of the asset up.

[Gibsalot]

@manfromafar i plan on running this asset for a vary long time , but in the event somthing happeds and i do have to close it down. by burning the shares with the Escrow it just means there will be that many fewer shares out there that would have to be bought back at full issue price as well

[manfromafar]

@Gibsalot said in <PREANN> Gib's mining farm:

@manfromafar i plan on running this asset for a vary long time , but in the event somthing happeds and i do have to close it down. by burning the shares with the Escrow it just means there will be that many fewer shares out there that would have to be bought back at full issue price as well

True the only downside I can see for that plan is when your asset is successful and it doesn't drop below the original release price. Meaning the escrow is safe for investors but the "burning" of shares never takes place. Maybe do 40% escrow then 10% buys off the exchange at top price.

[Gibsalot]

@manfromafar still in debate staging right now seeking input from the community on all aspects of the proposed asset. for now im liking and going to go with the buyback orders the way i stated above .. however if what you have stated does happen and the price per share climbs and stays up , then the escrow funds will still be there and we can always take a community vote later as to how to best use them.

[manfromafar]

@Gibsalot said in <PREANN> Gib's mining farm:

@manfromafar still in debate staging right now seeking input from the community on all aspects of the proposed asset. for now im liking and going to go with the buyback orders the way i stated above .. however if what you have stated does happen and the price per share climbs and stays up , then the escrow funds will still be there and we can always take a community vote later as to how to best use them.

(^.^)-b Yup nothing is set is stone yet