I can get 128 GB of RAM and CPU's.
I was thinking maybe I could leverage that to grow a smart contract mining D.A.C.
Have a smart contract people can use to deposit ether for mining contracts.
The ether is held in the smart contract. Then after mining period starts, earned ether goes into the contract and gets divided to holders of mining contracts. The contract will know how much ether the mining should be producing and if there is shortfall for one month all the ether from purchase to any earnings will go to the mining contract holders. There will be a buffer period.
After the mining contract is complete the ether from purchases goes to new hardware.
A special smart contract is set up for people to buy shares of the D.A.C. It's earned ether goes directly into buying more hardware. But these shares will not be completely unsecured investments because it will be tied to the first smart contract and it's profits every cycle.
I can get seed hardware but I want to offer shares to someone to program the contracts and someone to set up a quality web page for sales.
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Comments
Mining use information from completed transactions to put in the next block and a smart contract is a transaction too, it cannot possibly know the hash of the block it's in.
But you can use a contract to facilitate transaction between miners and mining contract buyers.