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To me the interesting part of this offering is the ability to sell power back to the grid. This means you can get a return even if bitcoin mining goes bust. And you can always rent the space out for other companies that need a DC.
The ASIC seems like it wil be a long way off if it gets off the ground at all. I also believe they will be sending out old bfl singles they get back because of the trade in offer to their old customers still on the waiting list then they will not have to build all the singles they have on pre order
In b4 fractional manufacturing.....
The ASIC seems like it wil be a long way off if it gets off the ground at all. I also believe they will be sending out old bfl singles they get back because of the trade in offer to their old customers still on the waiting list then they will not have to build all the singles they have on pre order
In b4 fractional manufacturing.....
Well, the guy who runs BMF has been basically character assassinating my plan on IRC (plan assassinating?) because he thinks "small" scale (as in, less than hundreds of mw and up) power generation (green or not) is not cost effective and cannot turn a profit.
The thing is, I actually want to roll that out first BEFORE the DC, it seems to be just so much more profitable and easier to scale.
As one of your biggest shareholders at 26%, I have pointed out that you have been trading away the equity in your company to sell more shares, thus lowering the stock price. You have said some pretty horrifying things on IRC recently, like how you were talking about selling all your bonds at 0.19 or 0.15. I'm not sure if you are serious or just being a bad manager, but I've lost 50% by investing in DMC and it looks like the bloodbath is not over. I've repeatedly offered to give you advice, help you turn your company around, but you have refused and grandstanded the entire time.
I wish I could just sell out but I can't even sell shares at 0.50. The ask has been there for days. No one is buying your fund. And when you finally get to the point where *everyone* knows that trading with you will always result in a loss, no one will trade with you, and your issue will collapse.
Prove me wrong.
I never said I was going to sell my assets at 0.19 or 0.15. I said even if I were to do something I will never do and sell my assets at 0.190/mh and assuming BFL isn't lying about their specs, I could end up with 200 ghash in SC Singles. Problem is, a) I would never do that, b) I don't trust BFL.
So, there, I proved you wrong. That was easy. I'm not sure I like a troll owning 26% of my company.
