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Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company
by
Sukrim
on 05/06/2011, 17:31:42 UTC
Tawsix

my idea above is a maximum growth strategy.  take all revenue from either production or ipo share sales and buy rigs up until the pt u have the original # rigs u proposed which was around 39 i believe.  only then pay dividends.  i for one would be more excited at seeing the #rigs and production increase as rapidly as possible which i think alone would drive share sales and prices in the long run.  most of us here who bought @ .75, i presume, were in it for the longterm altho clearly there were the flippers too who i think were the minority of buyers at that price.  and then there are those who just want a payout asap in the form of dividends.

my only other word of advice fwiw is that you need to realize u wouldn't be having as many problems with shares sales and price if u hadn't let confidence slip during that 1-2 wk period by not posting.  share price is all about management perception (and eventually fundamental value).  just simply posting everyday and updates would have you in a better position today than you are.  and its not too late to do this.  just keep posting, continue to show progress as you are, slowly increase production and you'll get thru this.  there's nothing but a bright shiny future ahead for btc in general and mining in particular. you just need to learn how to ride the wave.



Ah, now I understand, you want to get to 39 computers as fast as humanly possible, then payout dividends once we get there.  Do you think that we should ever enter back into the growth phase, or just stick to 39 computers indefinitely?

I would suggest calculating a USD per 100MH/s rate above which it is more profitable to sell mined BTC (and expand business) and below which it might pay off more to keep (or pay out) BTC to investors, since they are not very profitable to be sold anyways.

Currently 100 MH/s net over 4 USD/day, so I would advise on selling the mined BTC for USD as fast as possible. After the difficulty increase this will very likely melt down very fast, so it might be more wise to keep them.

In the end I wnat you do do something like in this thread: http://forum.bitcoin.org/index.php?topic=7427.0