Quote from: furuknap on May 02, 2013, 06:55:08 AM

Quote from: pierrejo on May 02, 2013, 06:21:01 AM

Quote from: furuknap on May 02, 2013, 06:10:54 AM

Hm... Was I the only one who expected over 0.012 per share? I know friedcat said he held back ฿2K to pay for future growth, but isn't that virtually all of the auction proceeds?

.b

Why were you expecting over 0.012 per share?

I don't know, maybe I've just become greedy :-) The auction brought in something like 0.006 per share, and the hash rate is at least 50% more than it was a week ago.

I guess my question is whether we will need to continue holding auctions to pay for future growth and that the money doesn't come back to shareholders. Even at a 50% increased hash rate, with BFLs rolling out every orifice they have and Avalons coming in full force, I would like to see plans for a bit more than tomorrow, or even a week ahead.

I was under the impression that the future growth thing was already financed up to around 200 TH/s, which is why we could sell off blades and dividend virtually all of the proceeds. If we're still left paying for this now, that will cut deeply into dividends, and with other vendors becoming more available, the premium we can get from auctioning off blades or bees will drop too. A 300 MH/s bee in production is... well, not money in the bank.

Maybe some clarity in financial plans and requirements for the next couple of months and a comment from friedcat about how much power they plan to roll out for example until August 1 would help make better decisions? With current share prices and maybe around the same dividends, we're suddenly looking at 27% dividend rate. Granted, that's still sky high, but its still much lower than just a few weeks ago, and with increasing competition and unclear financual requirements.

Don't get me wrong, I was probably just caught up in the hype a bit, I'm still a strong believer :-)

.b

I agree with you to a certain extend and would like to have more clarity as to what the current business plan has in store for the future.
I feel as though this has gotten to the point where the operation should move out of a forum board into its very own website, with a mailing list for investors and the ability to ask questions and get answers. Is ASICMINER planning to keep paying that 0.007 until the next reward halving by trying to maintain its hashrate ratio vs. the network? As much as the hype has carried me over as an investor, I do have fears regarding what "tomorrow" will look like.