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LegendaryActivity: 1106Merit: 1005 [BTC-TC] CIPHERMINE-PT - Industrial Mining & High Performance Computing August 29, 2013, 11:01:35 PM

Last edit: February 04, 2014, 10:22:51 AM by dexX7 #1 Dear potential shareholders,



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



I'm happy to present a pass-through issued by myself in cooperation with

cryptocoin mining company which is listed on the



This security is listed on the BTC Virtual Stock Exchange:



https://btct.co/security/CIPHERMINE-PT



To learn more about CipherMine and this security, please take a look at the prospectus below.



Feel free to

time to time I'm also available on freenode.net (IRC) with the nick dexX7.



Cheers!





DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



1. Executive Summary



This security represents a depositary receipt/pass-through of the CIPHERMINE security.



Listed on the virtual stock exchange BTC Trading Corp. Stock Exchange this security can be

found under the ticker symbol CIPHERMINE-PT:



https://btct.co/security/CIPHERMINE-PT



Underlying shares are issued by the cryptocoin mining company CipherMine which is quoted on

the virtual stock exchange Litecoin Global Exchange under the ticker symbol CIPHERMINE:



https://www.litecoinglobal.com/security/CIPHERMINE



CipherMine maintains a forum thread on LitecoinTalk:



https://forum.litecoin.net/index.php/topic,4582.0.html



According to CipherMine, the company mines scrypt and SHA256 based cryptocoins with a

combination of heavily discounted CPU resources, GPU rigs, FPGAs and ASICs. Although the

focus lies on Bitcoin and Litecoin, mining clusters are diverted to other cryptocoins based on

profitability. Highly automated coin switching and trading is used to maximize performance.



Incoming profits are distributed to shareholders in form of dividends and partially used as re-

investment. To maximize an early-mover advantage, CipherMine aggressively invests in cutting-

edge technology like ASIC mining hardware.



This security acts as an extension of the underlying security CIPHERMINE and provides potential

users of the BTC Trading Corp. Stock Exchange a way to participate in trading virtual shares of

the cryptocoin mining company CipherMine nominated in Bitcoin.



Benefits of underlying shares will be passed through to shareholders of this security as defined

in the Shareholder Agreement .



2. Business Description



CipherMine, the basis of this depositary receipt/pass-through, is a growth-oriented virtual

mining company which specializes in cryptocoin mining as well as high-performance computing.



Formed in June 2012, CipherMine was established by leading British IT entrepreneur Kate Craig-

Wood in partnership with Giles Russel, Ross Martyn and Simon Weald, two systems

administrators from Memset Ltd., and Jan, a DevOps specialist.



What started out as a hobby for Craig-Wood, has seen her set up a virtual company whose stellar

debut grabbed headlines around the world as shares soared 500 % following their initial public

offering on June 24 2013 on the virtual stock exchange LTC-GLOBAL.



Recognizing that there was room for an alternate cryptocoin, CipherMine believes that Litecoin

is that alternate.



More information about CipherMine can be found on



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



3. Definition of the Market



Mining cryptocurrencies strengthens the underlying infrastructure and can be highly rewarding.



Because of the fast growth of this sector constant expansion and improvement is needed to stay

profitable and competitive. CipherMine, the company from which this security is derived, offers

a way for potential investors to benefit from mining and provides an option for all those who

like to take part in cryptocoin mining without the needs of larger initial investments or

maintaining own hardware.



This virtual security is directed to potential shareholders of the CipherMine security

CIPHERMINE and users of BTC-TC who wish to participate in trading CIPHERMINE shares

nominated in Bitcoin without the need of using another exchange.



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



4. Products and Services



The operator is offering a redemption and deposit service which allows shareholders to

exchange CIPHERMINE and CIPHERMINE-PT shares.



How to redeem CIPHERMINE-PT shares on BTC-TC to CIPHERMINE shares on LTC-GLOBAL?



1. Contact the operator of this security via an appropriate medium (

bitcointalk.org) and submit the exact number of CIPHERMINE-PT shares to redeem, the account

name on BTC-TC from which shares to redeem are sent and the account name on LTC-GLOBAL

to which shares should be transferred. Please also include the e-mail address used for the

registration on BTC-TC.



2. Transfer the exact amount (as stated in the message) of CIPHERMINE-PT shares to the BTC-TC

account CipherMineTransfer via the Internal Asset Transfer mechanism within approximately 360

minutes after the request message has been sent.



How to deposit CIPHERMINE shares from LTC-GLOBAL to CIPHERMINE-PT shares on BTC-TC?



1. Contact the operator of this security via an appropriate medium (

bitcointalk.org) and submit the exact number of CIPHERMINE shares to deposit, the account

name on LTC-GLOBAL from which shares to redeem are sent and the account name on BTC-TC

to which shares should be transferred. Please also include the e-mail address used for the

registration on LTC-GLOBAL.



2. Transfer the exact amount (as stated in the message) of CIPHERMINE shares to the LTC-

GLOBAL account CipherMineTransfer via the Internal Asset Transfer mechanism within approximately

360 minutes after the request message has been sent.



No confirmation from the operator is necessary to initiate the share transfer.



Following the instructions given by the operator is mandatory for a successful share transfer

and shares received by the operator due to other means will be returned to the original sender.



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



5. Organization and Management



This virtual security is managed by dexX7, a bitcointalk.org member. He acts as pass-through

operator and is approved by CipherMine.

https://bitcointalk.org/index.php?action=profile;u=104899



Kate Craig-Wood is the principal founder of CipherMine, the underlying of this security. Her

principal responsibilities in CipherMine are business administration, finance and software

development.

https://bitcointalk.org/index.php?action=profile;u=99792



Giles Russell is CipherMines ASIC rig builder and general mining hardware expert.

https://bitcointalk.org/index.php?action=profile;u=98209



Jan Heinicke-Clemm is the mining software specialist of CipherMine and maintains systems such

as CipherMine's private pools and Primecoin mining grid.

https://bitcointalk.org/index.php?action=profile;u=91526



The CipherMine team consists furthermore of the following experts:



Richard West (as diversification services developer), Ross Martyn and Simon Weald (as systems

administrators at Memset Ltd.), Katie Olver (as CipherMine's press relations agent) and Liam

Devany (a developer who is responsible for maintaining ciphermine.com as well as the planned

industrial-computing.com sites).



More details about the CipherMine team can be found on



6. Marketing Strategy



Promotion of this virtual security and the underlying CipherMine is mainly done through word-

of-mouth marketing and advertisement on related cryptocoin forums and websites.



Katie Olver (CipherMine's PR agent) also obtained wide attention including coverage in the

Guardian's blog, as well as Forbes online and the Wall Street Journal.



The Guardian:

http://www.theguardian.com/technology/blog/2013/jul/01/bitcoin-virtual-fortune-crypto-currency



Forbes:

http://www.forbes.com/sites/timworstall/2013/07/02/further-evidence-that-bitcoins-in-a-bubble



Wall Street Journal:

http://blogs.wsj.com/moneybeat/2013/07/08/forget-bitcoins-litecoins-are-the-next-big-thing



7. Financial Management



Detailed information about the financial management and estimated returns of the underlying

CipherMine can be found in the current version of CipherMines business plan and business

model.



The related documents are updated frequently and available at



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



8. Shareholder Agreement



PLEASE MAKE SURE TO READ AND UNDERSTAND THE TERMS OF SERVICE OF THE

VIRTUAL STOCK EXCHANGE "BTC TRADING CORP. STOCK EXCHANGE" TO BE FAMILIAR

WITH ALL DEFINITIONS USED THROUGHOUT THIS SHAREHOLDER AGREEMENT AND

RELATED TERMS OF SERVICE.



This virtual security ("CIPHERMINE-PT") represents a DEPOSITARY RECEIPT/PASS-THROUGH

of the underlying CIPHERMINE security.



CIPHERMINE shares are issued by the cryptocoin mining company CipherMine which is quoted

on the virtual stock exchange Litecoin Global Exchange ("LTC-GLOBAL"):



https://www.litecoinglobal.com/security/CIPHERMINE



8.1 Terminology



The term "CIPHERMINE-PT" (upper case) is used for this security.



"CIPHERMINE" (upper case) is used for the underlying security of this depositary receipt/pass-

through which is traded on LTC-GLOBAL.



"CipherMine" (camel case) refers to the virtual mining company CipherMine lead by British IT

entrepreneur Kate Craig-Wood. CipherMine is the issuer of CIPHERMINE shares.



The terms (potential) "INVESTORS" and (potential) "SHAREHOLDERS" are used to address

POTENTIAL USERS and USERS of BTC-TC, LTC-GLOBAL and potential users and users of the

virtual securities CIPHERMINE and CIPHERMINE-PT.



8.2 Shares



Virtual shares of this security are nominated in BITCOIN and listed on the virtual stock exchange

BTC TRADING CORP. STOCK EXCHANGE ("BTC-TC") under the ticker symbol CIPHERMINE-PT:



https://btct.co/security/CIPHERMINE-PT



Each CIPHERMINE-PT share represents one underlying CIPHERMINE share on LTC-GLOBAL.



CIPHERMINE-PT shares are backed by at least the same amount of CIPHERMINE shares held in

the account "CipherMinePT" on LTC-GLOBAL by the operator of this security.



The operator may increase the number of outstanding CIPHERMINE-PT shares, if the number of

CIPHERMINE shares in the account "CipherMinePT" on LTC-GLOBAL is higher than the number

of outstanding CIPHERMINE-PT shares on BTC-TC.



The number of underlying CIPHERMINE shares held by the operator is verifiable through a

public portfolio on LTC-GLOBAL:



https://www.litecoinglobal.com/portfolio/f781Cg==



8.3 Voting Rights



The operator uses the mechanism provided on BTC-TC to raise motions.



Shareholders are eligible to participate in voting whereby each CIPHERMINE-PT share held by a

shareholder represents the weight of one voting right.



A motion is considered as approved on a majority of more than 50 % of approval votes.



The content of an approved motion will be adopted as soon as possible.



Within approximately 48 hours after a motion has been raised by CipherMine on LTC-GLOBAL,

the operator puts up a motion with a similar content on BTC-TC to extend his voting rights of

CIPHERMINE shares to shareholders of CIPHERMINE-PT.



Shareholders will be notified in advance, if the operator may be unable to forward a motion

within approximately 48 hours.



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



8.4 Dividends



Shareholders of CIPHERMINE-PT may receive virtual dividends on a regular or irregular basis in

form of Bitcoin through the mechanism provided by BTC-TC.



Dividends issued by CipherMine and received by the operator on LTC-GLOBAL are passed

through to shareholders of CIPHERMINE-PT to an amount of 95 % of its converted value in

Bitcoin within approximately 48 hours.



In the case of a foreseeable event that the operator is unable to forward a dividend within this

timeframe, shareholders will be notified in advance and the dividend payout will be rescheduled

accordingly.



BTC-E (

approximately 60 minutes will be used as reference to calculate the conversion factor from

Litecoin to Bitcoin after a dividend has been received on LTC-GLOBAL.



8.5 Fees and Operating Cost



An amount of 5 % of dividends received from CipherMine are retained by the operator as fee.



95 % of dividends are passed through to shareholders of this security based on the conversion

factor from Litecoin to Bitcoin determined as defined in the section Dividends .



No additional costs for potential transaction, conversion or withdrawal fees are imposed.



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



8.6 Share Transfers



The operator is offering a redemption and deposit service which allows shareholders to

exchange CIPHERMINE and CIPHERMINE-PT shares.



For further information about the process share transfer process, please take a look at the

section Products and Services .



Shareholders are eligible to use this service twice every week.



The exchange is processed by the operator within approximately 48 hours.



Should the operator be unable to guarantee this timeframe or execute this service, shareholders

will be notified in advance.



No confirmation from the operator is necessary to initiate the share transfer.



Following the instructions given by the operator is mandatory for a successful share transfer

and shares received by the operator due to other means will be returned to the original sender.



Fraudulent attempts to hijack the share transfer process may result in an exclusion of the

malicious user from this service and will be announced publicly by the operator for the sake of

transparency.



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW.



8.7 Communication



The operator uses the Asset News channel of BTC-TC to publish important announcements or

information for shareholders of CIPHERMINE-PT.



The preferred medium of communication for public matters between shareholders and the

operator is bitcointalk.org. A dedicated thread shall be used for additional announcements,

information and discussion directly related to CIPHERMINE-PT, CIPHERMINE or CipherMine.



Shareholders may contact the operator via e-mail or the private message mechanism on

bitcointalk.org. Content discussed in non-public channels shall be treated confidently.



Shareholders will be notified in advance, if the operator may be unavailable longer than

approximately 72 hours.



Should BTC-TC become inaccessible or unusable by any means, the operator is going to use

bitcointalk.org to communicate with shareholders and may further try to reach out to

shareholders via e-mail.



8.8 Dissolution



In the event that the operator chooses to or is forced to close this security for any reason, the

following methods will be used for dissolution:



1. A new operator may be chosen by the operator to take over this security. Shareholders of

CIPHERMINE-PT are eligible to approve/disapprove the new operator by a motion.



2. Shareholders of CIPHERMINE-PT have the right to exchange CIPHERMINE-PT shares for

CIPHERMINE shares on LTC-GLOBAL. If applicable, this right is granted for at least four weeks.



3. All remaining underlying shares of CIPHERMINE will be sold on LTC-GLOBAL and the

proceeds will be distributed to the remaining CIPHERMINE-PT shares as a final dividend. This

option is to be considered as unfavorable and only applicable, if the other two options yield no

sufficient result and no other solution has been determined by a consensus of the operator and

shareholders.



DUE TO THE CLOSURE OF BTCT THIS CONTRACT IS PARTLY INACCURATE AND CM-PT SHARES ARE DIRECT SHARES NOW. I'm happy to present a pass-through issued by myself in cooperation with CipherMine , acryptocoin mining company which is listed on the Litecoin Global Exchange This security is listed on the BTC Virtual Stock Exchange:To learn more about CipherMine and this security, please take a look at the prospectus below.Feel free to contact me here on the forums or via e-mail ( ciphermine@bitmarkets.net ). Fromtime to time I'm also available on freenode.net (IRC) with the nick dexX7.Cheers!This security represents a depositary receipt/pass-through of the CIPHERMINE security.Listed on the virtual stock exchange BTC Trading Corp. Stock Exchange this security can befound under the ticker symbol CIPHERMINE-PT:Underlying shares are issued by the cryptocoin mining company CipherMine which is quoted onthe virtual stock exchange Litecoin Global Exchange under the ticker symbol CIPHERMINE:CipherMine maintains a forum thread on LitecoinTalk:According to CipherMine, the company mines scrypt and SHA256 based cryptocoins with acombination of heavily discounted CPU resources, GPU rigs, FPGAs and ASICs. Although thefocus lies on Bitcoin and Litecoin, mining clusters are diverted to other cryptocoins based onprofitability. Highly automated coin switching and trading is used to maximize performance.Incoming profits are distributed to shareholders in form of dividends and partially used as re-investment. To maximize an early-mover advantage, CipherMine aggressively invests in cutting-edge technology like ASIC mining hardware.This security acts as an extension of the underlying security CIPHERMINE and provides potentialusers of the BTC Trading Corp. Stock Exchange a way to participate in trading virtual shares ofthe cryptocoin mining company CipherMine nominated in Bitcoin.Benefits of underlying shares will be passed through to shareholders of this security as definedin theCipherMine, the basis of this depositary receipt/pass-through, is a growth-oriented virtualmining company which specializes in cryptocoin mining as well as high-performance computing.Formed in June 2012, CipherMine was established by leading British IT entrepreneur Kate Craig-Wood in partnership with Giles Russel, Ross Martyn and Simon Weald, two systemsadministrators from Memset Ltd., and Jan, a DevOps specialist.What started out as a hobby for Craig-Wood, has seen her set up a virtual company whose stellardebut grabbed headlines around the world as shares soared 500 % following their initial publicoffering on June 24 2013 on the virtual stock exchange LTC-GLOBAL.Recognizing that there was room for an alternate cryptocoin, CipherMine believes that Litecoinis that alternate.More information about CipherMine can be found on http://www.ciphermine.com Mining cryptocurrencies strengthens the underlying infrastructure and can be highly rewarding.Because of the fast growth of this sector constant expansion and improvement is needed to stayprofitable and competitive. CipherMine, the company from which this security is derived, offersa way for potential investors to benefit from mining and provides an option for all those wholike to take part in cryptocoin mining without the needs of larger initial investments ormaintaining own hardware.This virtual security is directed to potential shareholders of the CipherMine securityCIPHERMINE and users of BTC-TC who wish to participate in trading CIPHERMINE sharesnominated in Bitcoin without the need of using another exchange.The operator is offering a redemption and deposit service which allows shareholders toexchange CIPHERMINE and CIPHERMINE-PT shares.1. Contact the operator of this security via an appropriate medium ( e-mail or private message onbitcointalk.org) and submit the exact number of CIPHERMINE-PT shares to redeem, the accountname on BTC-TC from which shares to redeem are sent and the account name on LTC-GLOBALto which shares should be transferred. Please also include the e-mail address used for theregistration on BTC-TC.2. Transfer the exact amount (as stated in the message) of CIPHERMINE-PT shares to the BTC-TCaccountvia themechanism within approximately 360minutes after the request message has been sent.1. Contact the operator of this security via an appropriate medium ( e-mail or private message onbitcointalk.org) and submit the exact number of CIPHERMINE shares to deposit, the accountname on LTC-GLOBAL from which shares to redeem are sent and the account name on BTC-TCto which shares should be transferred. Please also include the e-mail address used for theregistration on LTC-GLOBAL.2. Transfer the exact amount (as stated in the message) of CIPHERMINE shares to the LTC-GLOBAL accountvia themechanism within approximately360 minutes after the request message has been sent.No confirmation from the operator is necessary to initiate the share transfer.Following the instructions given by the operator is mandatory for a successful share transferand shares received by the operator due to other means will be returned to the original sender.This virtual security is managed by dexX7, a bitcointalk.org member. He acts as pass-throughoperator and is approved by CipherMine.Kate Craig-Wood is the principal founder of CipherMine, the underlying of this security. Herprincipal responsibilities in CipherMine are business administration, finance and softwaredevelopment.Giles Russell is CipherMines ASIC rig builder and general mining hardware expert.Jan Heinicke-Clemm is the mining software specialist of CipherMine and maintains systems suchas CipherMine's private pools and Primecoin mining grid.The CipherMine team consists furthermore of the following experts:Richard West (as diversification services developer), Ross Martyn and Simon Weald (as systemsadministrators at Memset Ltd.), Katie Olver (as CipherMine's press relations agent) and LiamDevany (a developer who is responsible for maintaining ciphermine.com as well as the plannedindustrial-computing.com sites).More details about the CipherMine team can be found on http://www.ciphermine.com Promotion of this virtual security and the underlying CipherMine is mainly done through word-of-mouth marketing and advertisement on related cryptocoin forums and websites.Katie Olver (CipherMine's PR agent) also obtained wide attention including coverage in theGuardian's blog, as well as Forbes online and the Wall Street Journal.The Guardian:Forbes:Wall Street Journal:Detailed information about the financial management and estimated returns of the underlyingCipherMine can be found in the current version of CipherMines business plan and businessmodel.The related documents are updated frequently and available at http://docs.ciphermine.com This virtual security ("CIPHERMINE-PT") represents a DEPOSITARY RECEIPT/PASS-THROUGHof the underlying CIPHERMINE security.CIPHERMINE shares are issued by the cryptocoin mining company CipherMine which is quotedon the virtual stock exchange Litecoin Global Exchange ("LTC-GLOBAL"):The term "CIPHERMINE-PT" (upper case) is used for this security."CIPHERMINE" (upper case) is used for the underlying security of this depositary receipt/pass-through which is traded on LTC-GLOBAL."CipherMine" (camel case) refers to the virtual mining company CipherMine lead by British ITentrepreneur Kate Craig-Wood. CipherMine is the issuer of CIPHERMINE shares.The terms (potential) "INVESTORS" and (potential) "SHAREHOLDERS" are used to addressPOTENTIAL USERS and USERS of BTC-TC, LTC-GLOBAL and potential users and users of thevirtual securities CIPHERMINE and CIPHERMINE-PT.Virtual shares of this security are nominated in BITCOIN and listed on the virtual stock exchangeBTC TRADING CORP. STOCK EXCHANGE ("BTC-TC") under the ticker symbol CIPHERMINE-PT:Each CIPHERMINE-PT share represents one underlying CIPHERMINE share on LTC-GLOBAL.CIPHERMINE-PT shares are backed by at least the same amount of CIPHERMINE shares held inthe account "CipherMinePT" on LTC-GLOBAL by the operator of this security.The operator may increase the number of outstanding CIPHERMINE-PT shares, if the number ofCIPHERMINE shares in the account "CipherMinePT" on LTC-GLOBAL is higher than the numberof outstanding CIPHERMINE-PT shares on BTC-TC.The number of underlying CIPHERMINE shares held by the operator is verifiable through apublic portfolio on LTC-GLOBAL:The operator uses the mechanism provided on BTC-TC to raise motions.Shareholders are eligible to participate in voting whereby each CIPHERMINE-PT share held by ashareholder represents the weight of one voting right.A motion is considered as approved on a majority of more than 50 % of approval votes.The content of an approved motion will be adopted as soon as possible.Within approximately 48 hours after a motion has been raised by CipherMine on LTC-GLOBAL,the operator puts up a motion with a similar content on BTC-TC to extend his voting rights ofCIPHERMINE shares to shareholders of CIPHERMINE-PT.Shareholders will be notified in advance, if the operator may be unable to forward a motionwithin approximately 48 hours.Shareholders of CIPHERMINE-PT may receive virtual dividends on a regular or irregular basis inform of Bitcoin through the mechanism provided by BTC-TC.Dividends issued by CipherMine and received by the operator on LTC-GLOBAL are passedthrough to shareholders of CIPHERMINE-PT to an amount of 95 % of its converted value inBitcoin within approximately 48 hours.In the case of a foreseeable event that the operator is unable to forward a dividend within thistimeframe, shareholders will be notified in advance and the dividend payout will be rescheduledaccordingly.BTC-E ( https://btc-e.com ) is used to determine the value of Litecoin. A trade withinapproximately 60 minutes will be used as reference to calculate the conversion factor fromLitecoin to Bitcoin after a dividend has been received on LTC-GLOBAL.An amount of 5 % of dividends received from CipherMine are retained by the operator as fee.95 % of dividends are passed through to shareholders of this security based on the conversionfactor from Litecoin to Bitcoin determined as defined in the sectionNo additional costs for potential transaction, conversion or withdrawal fees are imposed.The operator is offering a redemption and deposit service which allows shareholders toexchange CIPHERMINE and CIPHERMINE-PT shares.For further information about the process share transfer process, please take a look at thesectionShareholders are eligible to use this service twice every week.The exchange is processed by the operator within approximately 48 hours.Should the operator be unable to guarantee this timeframe or execute this service, shareholderswill be notified in advance.No confirmation from the operator is necessary to initiate the share transfer.Following the instructions given by the operator is mandatory for a successful share transferand shares received by the operator due to other means will be returned to the original sender.Fraudulent attempts to hijack the share transfer process may result in an exclusion of themalicious user from this service and will be announced publicly by the operator for the sake oftransparency.The operator uses thechannel of BTC-TC to publish important announcements orinformation for shareholders of CIPHERMINE-PT.The preferred medium of communication for public matters between shareholders and theoperator is bitcointalk.org. A dedicated thread shall be used for additional announcements,information and discussion directly related to CIPHERMINE-PT, CIPHERMINE or CipherMine.Shareholders may contact the operator via e-mail or the private message mechanism onbitcointalk.org. Content discussed in non-public channels shall be treated confidently.Shareholders will be notified in advance, if the operator may be unavailable longer thanapproximately 72 hours.Should BTC-TC become inaccessible or unusable by any means, the operator is going to usebitcointalk.org to communicate with shareholders and may further try to reach out toshareholders via e-mail.In the event that the operator chooses to or is forced to close this security for any reason, thefollowing methods will be used for dissolution:1. A new operator may be chosen by the operator to take over this security. Shareholders ofCIPHERMINE-PT are eligible to approve/disapprove the new operator by a motion.2. Shareholders of CIPHERMINE-PT have the right to exchange CIPHERMINE-PT shares forCIPHERMINE shares on LTC-GLOBAL. If applicable, this right is granted for at least four weeks.3. All remaining underlying shares of CIPHERMINE will be sold on LTC-GLOBAL and theproceeds will be distributed to the remaining CIPHERMINE-PT shares as a final dividend. Thisoption is to be considered as unfavorable and only applicable, if the other two options yield nosufficient result and no other solution has been determined by a consensus of the operator andshareholders. The Mastercoin faucet | Redeem unspent multisig outputs