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