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Loving how the ROI timeframe on these shares is now as long as bitcoin is old
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Given the huge long-term uncertainty inherent to bitcoin, along with upcoming massive increase in hashrate competition from Avalon chips et al, I don't think the shares are worth any more than a 1-year breakeven - so no more than 1BTC.
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Don't send any money without escrow guys
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Friedcat said that the margin cost for 1TH of their boards is $10K, so they can produce 100GH/$1K
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Seeing the pricing you propose for 1TH in model B (1,000-1,200BTC/TH/year), I'm afraid your IPO price will be too expensive. I would take into account that Bitfountain's IPO price was 0.1BTC per share, for an expected deployment of +250TH. If I do not recall it wrong, each share is 1/400,000 of the total profit/hashrate, which means that their price for TH was 160BTC, not a hefty 1,000-1,200BTC price tag.
Even at today's difficulty, a TH would take about a year to earn 1200BTC. Ridiculously overpriced, especially as that price only leases you the hash rate for a year. |
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The 7970 card will still be worth a couple hundred dollars in a year; these USB sticks won't be worth anything.
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The OP is completely right. Buying GPUs is far too risky now for the vast majority of miners hoping to break even, let alone profit.
All economy is risk, if money was a sure thing we'd all be raking it in, OP makes assumptions and the ASIC market isn't really proven, there's so many uncertainties as the like of BFL haven't got many of their units out so far and people are still gambling on them being stable units, part of me things when it comes to BFL they are serious issues in the stability due to overheating of their products hence the case changes for the smaller models let alone their higher end products. Of course; it's just that the rewards aren't worth the risk anymore for GPUs. |
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The OP is completely right. Buying GPUs is far too risky now for the vast majority of miners hoping to break even, let alone profit.
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for anyone paying for electricity, yes
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And the difficulty just leaped from 10.1 million to 11.2 million. Good luck guys!
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I just have to ask one question, is it still costing ASICMiner 10k USD to add 1Th/s? that means each of them would need to be 1,000,000mh/s/10750mh/s = 93 Blades, 10,000USD /93blades = 107$ a piece
Sounds about right: 130nm silicon isn't expensive (the node was developed way back in 2002!) |
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They're too opaque for me: no one can be sure how much they're mining, or what they're doing with their capital. You have to take them on their word. I'd need some sort of independent audit before I invested.
You must not read friedcat's weekly updates, check the auction or mining hardware sub forums. Quite the contrary. I simply won't take the CEO for his word when it comes to my cash. |
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Dividend for today is: 0.011 per share
Is that good or bad? Good for those that bought it at IPO, shit for those that will buy it at 1.20 BTC per share and have to wait 110 weeks (2 years) for ROI. Of course, there are around 375 AM shareholders who'd try to make you believe I'm talking crap and it's wonderful opportunity. You decide if you're gonna be a or not. This |
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They're too opaque for me: no one can be sure how much they're mining, or what they're doing with their capital. You have to take them on their word. I'd need some sort of independent audit before I invested.
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Your expectation will be a few percentage points higher (no pool fees) but your deviation will go up several orders of magnitude.
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