I would love to know
1. What are the two-three month perspective on hashrate, earnings, and profitability
2. What are the funding requirements to reach those goals and how will that funding take place?
3. What is the current financial situation of the company (ie assets, liabilities, running costs, currency denominations, and so on)
4. What is the policy on managing capital (ie is it exchanged every week, do they set aside capital for unforeseen expenses, etc)
1. 62+200=262TH/s. Earnings and profitability highly depends on the competitors and how the price range the purchasers will accept after two to three months. And please bear in mind that they are perspectives, only bonds could usually give a fixed range of profit predictions.
2. The final margin cost for 1TH/s is less than 10k$, the actual number depends on the volatile price of PCB components. Installing and power bill are currently low. We will be self-funded.
3. We are virtually free of any liabilities at this moment. The rest, as said above, will be generated from our Bitcoins and fiat transactions as well as contracts.
4. They are all set aside as reserves for the future. We do not get the Bitcoins sold only one day before the merchants knock our door asking for payments.
And for the Block Erupter USB sticks. Please stay tuned for later news.
Very nice update, friedcat, much appreciated. This answers, combined with your expectations of periodic financial updates, the concerns that I had almost to perfection.
One follow-up question, or rather request for confirmation; you mentioned in 2) that you will be self-funded. I assume that means you won't be looking at external investors but that funding will still need to come from regular earnings and thus reduce dividends from current levels?
Finally, and as mentioned, this would at least be sufficient to me: Are you comfortable with the progress you are making according to your plans?
I'm asking this because I know you and your partners have the same interests in this as we have, and if you are satisfied, that probably means we should be too.
Thanks again from a still confident shareholder,
.b