Yeah, he comes up with some arbitrary problems he seems to deem to hard to overcome and claims the guys havenīt thought the system through.
Obviously nobody is going to hand him the exact plans to build his own, so he is spamming the forum and flinging shit like an ape.
I hope he remembers his words when in 3-6 months everything is set up and working fine.
He has exhausted every avenue now and DTM guys have skillful and without malice answered everything to my satisfaction. He and his posse of alts are on ignore. I am more keen on the what DTM thinks will be the returns for investors? Give we all know the margins for mining are slim even in massive farms is there realistically any potential return for basically being VC funders without the benefits of 'ownership'?
This is my biggest concern as well, and I'm sure we are not the only ones in here. Looking back at the big mining farm investements that came up over the last couple of years, I think there isn't a single one that turned a profit for it's shareholders. So whilst this venture sounds really good on paper I remain sceptical about turning a profit or even getting ROI.
I am pretty sure that most big mining farms have in fact returned a profit for the investors.
See the very first big mining farm, the 500TH mine at megabigpower, it returned full
bitcoin profit only half a year after the start of operations.
What you are basically saying is that bitcoin mining isnīt profitable?
Evidence.
That is what I want. Real numbers or projections based on data not just what Dave said off hand or conjecture... you can't rail against the troll and then turn around and do the same and throw out that big mines are profitable. Remember that was then and this is now. Different situation when Mega and others set up initial 6 to 12 months ago and now. Especially with a more competitive market out there than in 2013 or even April or May this year given what I saw at the HK Inside Bitcoin conference.
This where either as a VC you challenge them to produce the numbers and estimates or you as an investor go out and do the homework.
This is where I want to see if this group has done some numbers on this and give us their range or best estimate. Why should I bother putting in my BTC or $$$ given the high risks involved and no number presented. I am not going to compare what other mining fabricators have done to the community good or bad but you need to have some sort of projection. Has that been presented?
Are we the ones who are putting up the first coins to simply pay for the development of this tech while others reap the rewards in a second or third generation variant? This has been the unfortunate model in the past and since there is no "ownership" in the venture here just shares of the mining then it becomes less interesting on the face of it. So you need to be convinced with some sort of estimates or projections for buying watts (shares) in these dunk tanks.
I am confident these guys are on the level and are honest brokers but we need to have numbers to determine whether or not we should risk our money on this or just buy some BTC or another ALT that might be as risky with potentially a much greater return.
What can I expect for my say 1 unit of capacity?
That way I can compare it to other opportunities and make a calculated decision right?
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My apologies if I have skimmed over these notes somewhere or if that has been stated here. Lot of wasted effort on the troll side to get to the crux of the matter. Is it worth buying 1 unit or 100 units of capacity? That is what investors want to gauge.
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