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Re: SkepsiDyne Integrated Node - A Bitcoin Mining Company
by
clouds
on 07/06/2011, 14:08:18 UTC
It makes no sence to buy shares with the current BTC rate:    


18     $/BTC - current rate             
5,000     shares                   
39     rigs (lets go with this number for now )    
128     shares/rig                
0.75     BTC/share                
1,731     $/rig                   
50%    %revshare (since 50% goes to the owner)    
3,462     effective cost of rig             

   
 VS.    
   
 1,200     $/rig - buy my own
   
 2.88     Ratio

Thats overpaying by almost 3 times
   
At the original  7USD/BTC - it was competitive,    
but now you would have to cut the share price to something like 0.25BTC/share to make it work

Please comment?


I don't think your analysis makes sense, because you incorrectly fixed the number of rigs at 39.  If the USD/BTC exchange rate has risen, that just means more rigs can be purchased for the same number of BTC.  That doesn't increase the cost of each rig, it increases the number of rigs that can be purchased.

The price per rig in USD stays the same.  Last I heard, Tawsix is buying rigs that cost $1160 each.  If the USD/BTC exchange rate has increased, it just means more rigs can be purchased.  So if 5000 shares were sold @ 0.75 BTC, that would be 5000*.75=3750BTC.  If BTC are $18, that's $67500 USD.  67500/1160 = 58 rigs.  These numbers are just an example since the BTC were and will be exchanged at different rates.