Saturday, 15 September 2012

Possible new share issue to take us to 160(GH/s)

We need to sell another ~250 shares @[btc]0.30 to fully pay for ASIC #3 to take us to 120(GH/s) and 48(MH/s)per share.  If I issue another 300 shares and we can then sell a total of ~850 shares @[btc]0.30 we can purchase ASIC #4.  Taking us to 160(GH/s) over 3100 shares or 51.612903226(MH/s)per share.  So shall I issue the 300 shares and stick everything we got (meaning we need to sell ~850shares @[btc]0.30) on the market to purchase ASIC #4 taking us to 160(GH/s) over 3100 shares or 51.612903226(MH/s)per share.  If no disputes the idea then I'll issue the 300 shares on Monday for ASIC #4.  Meaning we have to sell ~850@[btc]0.30 each.