[quote name=“ksty1098” post=“15831” timestamp=“1371434429”]
I’m currently wondering whether to start a feather coin farm. I see this skyrocketing in the future, and you know the sooner the better. Though I currently don’t have the cash to start a farm by myself so I’m wondering if there is enough community interest to start a feather coin farm. It could start somewhat small about 4-5mhash/s. Though that would grow as funds would be reinvested into the pool creating a higher hash rate. Start up cash I would need would be about 5,000 USD, to get a 4-5 mhash/s farm. Electricity in my area is cheap arounf 7 cents per kwatthour. I think I could start with 500 shares at 250 per share. Any though thoughts?
[/quote] I assume the 500 shares at 250 per share is a typo unless you are figuring on feathercoin as the investment currency, as if you are figuring the 250 as USD then the 500 shares comes to 125,000 total on the 5,000 initial. Please clarify this as well as the figures for power cost vs net gain and don’t forget about estimated maintenance cost as well. Keep in mind this is not like developing a game on kickstarter and understand that you would have to divide the initial up in to small enough shares and you would have own enough of those shares to have controlling say in your farm otherwise the shareholders own the farm and you would have to buy them out in order to have any say in the operation. You would have to divide it up in to say 5000 shares at say 1.00 USD per and you would have to keep a good 51% in order to have the controlling shares. Then you would have to show receipt of investment against the initial start up cost in order to have any grounds for claim of the 51% controlling ownership. You would also have to figure out a reasonable dividend payment as to not cripple the farm if you do not net enough to make the dividend payment. This is based on my limited knowledge however, so please take it with a grain of salt. Your best bet before proceeding further would be draw up a business plan and have an accountant go over it while also consulting a brokerage firm for their advice. As I said before this is based on my LIMITED knowledge and should be taken with a grain of salt.
K