Re: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)
So we are down to ~25Th, yet continue to mine. Since it seems all proceeds are now dedicated to the operation of the mine with the current hash rate, what happened to the balance of the hardware?
...
So yes, 'wait and hope' is the available alternative to realizing a massive loss due to BTC depreciation combined with CT's early missteps and unfortunate circumstances.
Maybe a massive loss is favorable to a complete one? Lol sorry to dig up old stories, but in the process of looking through old posts I had a nice laugh and you can't be involved in this game without a sense of humor. And besides, as you probably know, an honorable captain goes down with his ship.
But how would an opportune time to sell shares to the most benefit of the investors be determined? Without knowledge of the specific details of the investment or the agreement between ID and CT, and judging upon 297's comment, I believe it's safe to assume we're in the red in regard to CT share value. So what you proposed was to wait and hope for Cointerra to assume a mining market dominance.
....
The opportune time to sell CT shares is when we have an opportunity to realize a profit, whether in BTC or fiat.....
...
So yes, 'wait and hope' is the available alternative to realizing a massive loss due to BTC depreciation combined with CT's early missteps and unfortunate circumstances.
Maybe a massive loss is favorable to a complete one? Lol sorry to dig up old stories, but in the process of looking through old posts I had a nice laugh and you can't be involved in this game without a sense of humor. And besides, as you probably know, an honorable captain goes down with his ship.