I want to start a share sale of KnC's Titan scrypt mining asic. I would like to offer shares based on FTC, and mine FTC with the machine. The time has come to embrace scrypt asics.

I have experience running a share based mining operation, but I would like to get a feel for how the community will embrace this for Feathercoin specifically, it will go a long way to solidifying network hash rate and boosting the currency's security at the same time giving back to the community.

I will own a percentage in the unit as I have around 2500 FTC to put where my mouth is. I'd set up a buy on bitcoin talk, but you know what, it's better if it's done here where feathercoin calls home, for feathercoin, for the community. I won't mine any switching pools, litecoin or anything like that. I think FTC can stand on it's own.

What do think?

As for the specifics I will over sell the titans by 50% to account for crypto variance and hosting etc. All extra funds will go to more units, or to refunds depending on sales volume.