Quote from: furuknap on April 26, 2013, 08:27:00 AM

Quote from: JimiQ84 on April 26, 2013, 08:20:36 AM

Quote from: furuknap on April 26, 2013, 08:16:56 AM

In other words, because AM is more efficient at mining than Average Joe, if we are approaching the treshold of sale/mining, I think AM should hold on to units rather than sell.

What about marginal cost of deploying. Let's say that new datacenter has power capacity for 12TH/s. Is it cheaper to give up part of revenue due to unit selling or give up part of revenue due to new datacenter?

Well, that actually why I would love to see AM reduce the dividend payout significantly. I know everyone is concerned with the 2016 halving of income, but that's exactly why AM needs to be better prepared for the future, and you don't get that by giving away all your income.

I would, for example, much rather have AM turn dividends down to 10% and keep the rest for future development. Future development may mean building their own datacenters, which can yield new sources of long-term revenue, develop new chips, which can be a step on the path towards energy efficient mining after 2016 and even shorter term competitiveness, and so on.

Right now, it seems like there is a rush from investors looking to get their money back, not realizing that as we approach 2016 without a profitable business based on half the current revenue, falling share prices will quickly eat up any dividends paid.

.b

EDIT: Another example would be to build the coveted stock exchange that friedcat has wanted. Not only will it give future income at a more stable rate, it will give BTC more flexibility in terms of securities trading. I'm actually not that keen on diversifying too much from core business, but if AM has decided a stock exchange is needed, then hold back dividend for two weeks and pay someone to do it.

I agree. Also, stock exchange can be updated to currency exchange. I would also like if AM would create own mining pool.