What is Bitcoin?
Good question! Bitcoin is an attempt to create a new currency designed to fill the gap between “real” money and the internet.
Don’t get me wrong, “Real” money is great (I never seem to have enough of it) but when it comes to the internet it does not “mesh” as easily as it could. There are exchange rates, time delays, fees and a host of other things that could be handled better. That is where Bitcoin comes in.
Think of it like: Bitcoin is to Money like Information is to the Internet.
Is Bitcoin some sort of Ponzi?
Possibly. If it is I don’t get how it’s meant to work. I don’t handle any of your money or bitcoin’s so it isn’t a Ponzi run by me (but anyone running a Ponzi would say that right?)
However Ponzi’s can and have been run with bitcoin’s just like there have been Ponzi’s run with every other currency. My best advice to avoiding Ponzi’s is identical to avoiding real money Ponzi’s, if it sound too good to be true it probably is.
What rate of return can I expect, and do you guarantee it?
I have no idea and NO, I don’t guarantee anything! In fact the only thing I can guarantee is that you probably won’t make any return estimated! Bitcoin and crypto currencies are so new you will have to make your own estimates sorry.
Will you be handling and of my Dollars or Bitcoin’s?
I would prefer not to. I will certainly help you order equipment and set up your Bitcoin wallet. But when it comes to your personal Credit Card information or Bitcoin private keys I don’t want to touch them.
Do you offer and sort of SLA (Service Level Agreement) or uptime guarantee?
Nope! This is an “all care, no responsibility” operation. Bitcoin’s are an emerging market that has many thousands of factors that may influence any aspect of generation, price and stability. I cannot even begin to guess what will happen tomorrow let alone put a guarantee on it.
However I will do my best to keep you informed and any downtime in a day for maintenance or any other factor that I have control over will first come out of my 25% before I touch your generation capacity.
How do I get in on this.
You need to get yourself some generation capacity, I suggest dedicated appliances like those that Butterfly labs offer and then either run it yourself or get me to run it for you.
How do I get out of this.
Just turn off your equipment or instruct me to do it for you. You can pull the plug at any time with no repercussions from me. Just drop me a line using any of my contact details and I will hand your equipment back. I will do my best to fit in with any of your wishes including trying to find someone else you buy your equipment, hammer a nail through it or I might even try to buy it myself!
If there are any freight charges I will expect you to pay them of course, and I will charge you for the nail.
It’s up to you to do what ever you want with any bitcoin’s you have generated, convert them to cash, delete them or whatever.
Who did the work to make the MineForeman site?
I did. Sorry, I am no graphic artist I know, not much of a journalist either.
Whats with the Google Ads?
I am a curious kind of guy, I have always wondered how they work so I thought I would give them a go. Any proceeds will go into more mining equipment (for me).
Is this your job?
Hell no, I work keeping the servers up for a great little Software Development Company in New Zealand called Integral full of smart, interesting and cool people who have supported me 110% for many years in my many crazy adventure’s, both good and bad.
If you need any development done I can recommend them 100% (Yeah, I am biased). Just drop me a note and I will get the ball rolling.
What do you get out of this?
I will be getting 25% of your generation capacity. That works out so I get to use your hardware for 6 hours per day to generate Bitcoin’s for myself. This way I don’t have to touch your personal Bitcoin’s or Dollars.
It means that I get to play with your toy’s 25% of the time (I am a technology geek after all, and playing with tech toy’s is what I love to do).
What exactly do you do for 25% of my generation capacity.
I use my considerable experience and expertise to make sure that your generation capacity is running as close to 100% efficiency as possible.
I also supply all the additional bits of infrastructure (hardware, software, electricity and networking) to enable your generation capacity to do anything at all.