Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
As the mining should get back development costs, BitFountain should be able to come in at prices around 1/3 the GH/s per $ cost BFL are trying to charge and still make a nice profit if my rough calculations are right.
If that is the case, I think I would like some of that action, depending when they would become available. 6 x 60 GH/s sounds about right. Hoping that shareholders get the preferential treatment
Any estimate for the shares price once the mining starts?
I would sell all my 1252 shares for 1btc each. Only to give you an estimate for what price i would go another way than my shares.
Let's say that ASICMINER takes 1/3 of TotalNetworkHashPw and so network total is 26/TH (ASICMINER would have 6TH in this case, and rest of the network 20TH), BTC / day = 3600, so one share would generate 1.095BTC / year (3600/3 * 365 / 400 000) - expenses. Traditional investor would think 10% return of investment / year a very decent profit, it would make a share price of 10,95 BTC / share. As it is risky, lets quadruple it to 40% return, so share price now would be 2,7375 BTC.
Even if this is a very rough estimate, there is still quite large space left for improvement. For example if ASICMINER would take 37.5% of TotalNetworkHashPw and investors would only want 20% return, it would take price to 6,16 BTC / share.
This is just a speculation, the reality will not be seen until we can trade shares again, but I think 1 BTC /share is bit on a cheap side.
edit: and, we have to remember that mining wasn't the only profit generator here.