Author Topic: [Closed] Round 1 funding of DataCalc has ended. Issuing refunds.  (Read 6666 times)

Offline Xardas

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Project origination: https://litecointalk.org/index.php?topic=24150.0

What is DataCalc? DataCalc was a community based hosting service with FREE power and no maintenance fees that was originally conceived to give older and unprofitable miners a new home where power is not a concern, breathing life back into these older machines.

What has DataCalc evolved into today? We are now focused on maximizing the profitability of free power on the largest scale 3 megawatts(mw) of power can deliver. This means looking at new business models to optimize shareholder profits from the property.

How does DataCalc get free electrical power? The datacenter will be located in the Philippines and connect to part of their 192mw geothermal capability. The proposed locations are industrial and receive free power as an economic stimulus for new businesses.

What is round 1 funding? Round 1 funding is to raise funds from the community to complete several early tasks, such as getting engineering/inspection reports of the locations, obtaining a title search of the properties to guarantee ownership and lack of liens, opening fiat banking accounts for initial misc. research expenses, getting local legal counsel for the endeavor to form a corporation. The funding goal is 10btc @280usd, or ~125,000php

Why should I care about round 1? Anyone participating in round 1 gets first right of refusal when corporate shares are offered in round 2. ( your investment in round 1 is credited towards round 2 purchases of shares)DataCalc will only offer a certain number of shares, which are transferable, and the shares are only available in round 2. To obtain shares after round 2 is complete can only happen by purchasing shares from other users.

What happens if the project fails after round 1? If the project fails to meet it's round 1 funding goal, or the proposed properties are unfit or unavailable, any remaining funds will be dispersed to round 1 participants. Keep in mind most of the round 1 funding will be spent very quickly on engineering reports/title research fees, and legal fees. THESE FEES ARE NOT REFUNDABLE AS THEY ARE PAYMENTS FOR SERVICES RENDERED!

How do I participate in round 1? Send your funding to: 1N6xjPCsK1wxJR14721mCZQidcPgDQpdVD and then please post the TXID in this thread and I will contact you. I know my inbox will fill up quickly so PM'n me would be a frustration. Please do not try to PM me with questions. Ask them here and I will answer if I can. You can monitor the payment address at any time to verify funding progress.

Can I get live answers? Possibly..... you can join my IRC at #DataCalc on freenode.

« Last Edit: January 25, 2015, 06:51:15 AM by Xardas »

Offline LetUsLook

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #1 on: January 16, 2015, 12:11:45 PM »
Looks promising!

Offline mahvia

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #2 on: January 16, 2015, 02:01:34 PM »
yep

Offline wiggl3r

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #3 on: January 16, 2015, 02:07:54 PM »
raise money, say it didnt work. Pocket money.


Sounds good to me.


Offline earlz

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #4 on: January 16, 2015, 03:13:37 PM »
Just to make sure everyone is clear about what they'll be investing in. This is my conversation with him in #bittrex on Freenode IRC
Code: [Select]
09:59 <+earlz> And will this law even be on the books next year?
09:59 < Xardas2014> good question actually
10:00 < Xardas2014> the property as explained gett.d and remains in effecten it
                    since the geothermal was starte
10:01 < Xardas2014> sorry, my laptop keyboard is screwed........lemme do it on
                    keyboard
10:02 < Xardas2014> the property is is covered under the gov for economic
                    stimlus. It has been since the geothermal started
10:03 <+earlz> yea, but you said you get free power because you are a new
               business. What happens when your new business is an old
               business?
10:04 < Coolcash__> and what happens when the nxt tsunami and typhoon hit.
10:06 < Xardas2014> Let's put it in the most simple terms. In the Philippines
                    you pay the right people and get what you want. The current
                    property owner is a big wheel here
10:06 -!- RowanDarkwood [[email protected]/web/irccloud.com/x-uudfhwvntcorgdji]
          has quit [Quit: Connection closed for inactivity]
10:06 < Xardas2014> Can they start charging 500000 billion dollars a
                    kw.......yes. Do they still get my kickback.no
10:07 <+earlz> I would think free electricity would be a really big thing...
               but yet, I can't find a single reference to it online
10:07 < Xardas2014> and you won't
10:08 < Xardas2014> this is a fucking corrupt place. Pay the right people and
                    you can rape and pillage. Don't pay and you get nothing
10:08 < Xardas2014> They don't advertise the locals get free
                    power..........why? They would be overwhelmed with new
                    locals
10:08 <+earlz> That doesn't sound like the kind of thing I'd invest in
10:09 < Xardas2014> then don't
10:09 <+earlz> did you include that you'd be bribing officials in your ANN?
10:09 <+merx> you asked for comments ;)
10:09 < Xardas2014> yes and thanks for the input

Offline Alienesb

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #5 on: January 16, 2015, 03:34:09 PM »
Just to make sure everyone is clear about what they'll be investing in. This is my conversation with him in #bittrex on Freenode IRC
Code: [Select]
09:59 <+earlz> And will this law even be on the books next year?
09:59 < Xardas2014> good question actually
10:00 < Xardas2014> the property as explained gett.d and remains in effecten it
                    since the geothermal was starte
10:01 < Xardas2014> sorry, my laptop keyboard is screwed........lemme do it on
                    keyboard
10:02 < Xardas2014> the property is is covered under the gov for economic
                    stimlus. It has been since the geothermal started
10:03 <+earlz> yea, but you said you get free power because you are a new
               business. What happens when your new business is an old
               business?
10:04 < Coolcash__> and what happens when the nxt tsunami and typhoon hit.
10:06 < Xardas2014> Let's put it in the most simple terms. In the Philippines
                    you pay the right people and get what you want. The current
                    property owner is a big wheel here
10:06 -!- RowanDarkwood [[email protected]/web/irccloud.com/x-uudfhwvntcorgdji]
          has quit [Quit: Connection closed for inactivity]
10:06 < Xardas2014> Can they start charging 500000 billion dollars a
                    kw.......yes. Do they still get my kickback.no
10:07 <+earlz> I would think free electricity would be a really big thing...
               but yet, I can't find a single reference to it online
10:07 < Xardas2014> and you won't
10:08 < Xardas2014> this is a fucking corrupt place. Pay the right people and
                    you can rape and pillage. Don't pay and you get nothing
10:08 < Xardas2014> They don't advertise the locals get free
                    power..........why? They would be overwhelmed with new
                    locals
10:08 <+earlz> That doesn't sound like the kind of thing I'd invest in
10:09 < Xardas2014> then don't
10:09 <+earlz> did you include that you'd be bribing officials in your ANN?
10:09 <+merx> you asked for comments ;)
10:09 < Xardas2014> yes and thanks for the input

Wow, as if mining in the could wasn't dangerous enough.

Offline Xardas

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #6 on: January 16, 2015, 03:35:47 PM »
Just to make sure everyone is clear about what they'll be investing in. This is my conversation with him in #bittrex on Freenode IRC
Code: [Select]
09:59 <+earlz> And will this law even be on the books next year?
09:59 < Xardas2014> good question actually
10:00 < Xardas2014> the property as explained gett.d and remains in effecten it
                    since the geothermal was starte
10:01 < Xardas2014> sorry, my laptop keyboard is screwed........lemme do it on
                    keyboard
10:02 < Xardas2014> the property is is covered under the gov for economic
                    stimlus. It has been since the geothermal started
10:03 <+earlz> yea, but you said you get free power because you are a new
               business. What happens when your new business is an old
               business?
10:04 < Coolcash__> and what happens when the nxt tsunami and typhoon hit.
10:06 < Xardas2014> Let's put it in the most simple terms. In the Philippines
                    you pay the right people and get what you want. The current
                    property owner is a big wheel here
10:06 -!- RowanDarkwood [[email protected]/web/irccloud.com/x-uudfhwvntcorgdji]
          has quit [Quit: Connection closed for inactivity]
10:06 < Xardas2014> Can they start charging 500000 billion dollars a
                    kw.......yes. Do they still get my kickback.no
10:07 <+earlz> I would think free electricity would be a really big thing...
               but yet, I can't find a single reference to it online
10:07 < Xardas2014> and you won't
10:08 < Xardas2014> this is a fucking corrupt place. Pay the right people and
                    you can rape and pillage. Don't pay and you get nothing
10:08 < Xardas2014> They don't advertise the locals get free
                    power..........why? They would be overwhelmed with new
                    locals
10:08 <+earlz> That doesn't sound like the kind of thing I'd invest in
10:09 < Xardas2014> then don't
10:09 <+earlz> did you include that you'd be bribing officials in your ANN?
10:09 <+merx> you asked for comments ;)
10:09 < Xardas2014> yes and thanks for the input

Thanks for sharing the convo, even though some replies were garbled. We have both been long standing members of the community and neither of us has a blemish, so your concerns go a long way, as do my replies. Let's be blunt, ANY business has loopholes and obstacles. The winners know how to avoid the obstacles and exploit the loopholes. It is rarely what you know, but WHO you know and in this situation I have all the contacts to make it succeed. Again let's be blunt, if LTCG had paid me already, this offer wouldn't be available. I initially wanted to simply help people with older miners, but I can help many more people by optimizing the opportunity for all.

Offline Xardas

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #7 on: January 16, 2015, 04:43:12 PM »
raise money, say it didnt work. Pocket money.


Sounds good to me.


That would be a good plan if I didn't have to show the expenditures and paid for reports. Rethink it and have another go. :)

Offline verloren

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #8 on: January 16, 2015, 05:32:45 PM »
Interesting project. Will be keeping tabs on this.

Offline Sukarti

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #9 on: January 16, 2015, 05:47:13 PM »
What is the round 1 funding goal? In USD?

Will there be flat annual costs if there's no maintenance fees?

It will always cost "something" to stay online.

Offline Xardas

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #10 on: January 17, 2015, 04:17:59 AM »
What is the round 1 funding goal? In USD?

Will there be flat annual costs if there's no maintenance fees?

It will always cost "something" to stay online.
My apologies, I thought I had it in first post, will add it now. The funding goal is 10btc @280usd, or ~125,000php

If we are able to get enough miners from a company like Megabigpower.com to fill the entire complex, operational costs would be accounted for before shareholder payouts. If we are also hosting miners for the community, a yearly upfront hosting fee would apply that includes everything for the year.

Offline Marvell9

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #11 on: January 17, 2015, 02:38:46 PM »
How much are the shares? I think you should divide by the total cost for round 1, and break it down in USD
Also what happens to providing our own miners?

Offline harish

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #12 on: January 17, 2015, 03:05:24 PM »
Just to make sure everyone is clear about what they'll be investing in. This is my conversation with him in #bittrex on Freenode IRC
Code: [Select]
09:59 <+earlz> And will this law even be on the books next year?
09:59 < Xardas2014> good question actually
10:00 < Xardas2014> the property as explained gett.d and remains in effecten it
                    since the geothermal was starte
10:01 < Xardas2014> sorry, my laptop keyboard is screwed........lemme do it on
                    keyboard
10:02 < Xardas2014> the property is is covered under the gov for economic
                    stimlus. It has been since the geothermal started
10:03 <+earlz> yea, but you said you get free power because you are a new
               business. What happens when your new business is an old
               business?
10:04 < Coolcash__> and what happens when the nxt tsunami and typhoon hit.
10:06 < Xardas2014> Let's put it in the most simple terms. In the Philippines
                    you pay the right people and get what you want. The current
                    property owner is a big wheel here
10:06 -!- RowanDarkwood [[email protected]/web/irccloud.com/x-uudfhwvntcorgdji]
          has quit [Quit: Connection closed for inactivity]
10:06 < Xardas2014> Can they start charging 500000 billion dollars a
                    kw.......yes. Do they still get my kickback.no
10:07 <+earlz> I would think free electricity would be a really big thing...
               but yet, I can't find a single reference to it online
10:07 < Xardas2014> and you won't
10:08 < Xardas2014> this is a fucking corrupt place. Pay the right people and
                    you can rape and pillage. Don't pay and you get nothing
10:08 < Xardas2014> They don't advertise the locals get free
                    power..........why? They would be overwhelmed with new
                    locals
10:08 <+earlz> That doesn't sound like the kind of thing I'd invest in
10:09 < Xardas2014> then don't
10:09 <+earlz> did you include that you'd be bribing officials in your ANN?
10:09 <+merx> you asked for comments ;)
10:09 < Xardas2014> yes and thanks for the input

Thanks for sharing the convo, even though some replies were garbled. We have both been long standing members of the community and neither of us has a blemish, so your concerns go a long way, as do my replies. Let's be blunt, ANY business has loopholes and obstacles. The winners know how to avoid the obstacles and exploit the loopholes. It is rarely what you know, but WHO you know and in this situation I have all the contacts to make it succeed. Again let's be blunt, if LTCG had paid me already, this offer wouldn't be available. I initially wanted to simply help people with older miners, but I can help many more people by optimizing the opportunity for all.

I do have a few friends from Philippines in here, after hearing there stories I would say - what 'Xardas' saying in very true.
« Last Edit: January 17, 2015, 10:28:45 PM by harish »

Offline Xardas

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #13 on: January 17, 2015, 03:34:29 PM »
How much are the shares? I think you should divide by the total cost for round 1, and break it down in USD
Also what happens to providing our own miners?
If you mean how much does it cost to be in round 1, I think a minimum of .1btc is fair, but you can always do more later. The more you help out in round 1, the more shares you get first shot at buying in round 2. Example: If you put in 1 btc and our goal is 10 btc, you would be reserving the right to buy up to 10% of available shares in round 2. I will be updating the first post to clarify so things, but it is late and I need sleep.

If you are talking about round 2 share pricing: At this point there is no way for me to accurately figure share pricing because I don't have all the final figures. First I need the reports to see how much, if any, funds will be needed for any repairs/renovations are required to make them suitable for the miners. I know some electrical work will have to be done, such as installing conduits/wiring/outlets down the rows of shelving the miners sit on. We have a ton of power, but that has to be able to be used efficiently. Once I can finalize the total turnkey cost for the complex to be miner ready, then share costs can accurately be determined.

With that said, share prices can vary wildly depending on how many total shares are created when we incorporate. Once turnkey cost is established the share price point can be set as high or low as investors want it by adjusting total share numbers. If the users want a ton of heap shares, we can do that. If they want fewer but more expensive shares, we can do that. I personally feel like keeping them in the $5 to $10 range is probably best.

To your question about the user supplied miners......that is still an option. It really hinges on whether there is any space left after installing miners from say megabigpower.com. They have not gotten back to me to say how many miners they can supply in what time frame. We will have enough power to basically double what they currently have.......but can they get that many miners in a reasonable time frame....only they know at this point.

Offline Ǫ̶̷̕͜Ź̛ḿ͜a͞͞͠͏ś̡͟͠͡t́͏é̴r

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Re: [ANN] Round 1 funding of DataCalc starts NOW!
« Reply #14 on: January 17, 2015, 03:41:36 PM »
no offense but I'd feel safer buying more LTCGear shares