Quote from: vaderiffic on August 07, 2013, 12:55:31 PM

Quote from: creativex on August 07, 2013, 12:19:04 PM

The 24h Avg is more than 4x our highest IPO price. Let me crunch some numbers and determine if it makes any sense to buy shares back, and if so at what price point.

well considering the additional 1625 shares that were added for the extra rig was traded at close to .70 it might be worth buying a small amount back.

then the rig cost us virtually half!

then again, you're the brains.

The deal for the rig was made when the share price was .61 which means we actually disbursed less shares than we would have had to if the deal were made with the current share price of .3771(24hrAvg). Meaning that we used our shares as currency when their value was significantly higher than it is currently, so we paid the equivalent of 603Btc for 8 singles that have been hashing for us for weeks. Given that there still isn't anything more efficient on the market(and won't be until at least the end of the month) I believe we'll easily make our investment back and more on the minirig and singles.

Given the enormous expansion plans nearly every chip company has slated for Q3/Q4 of this year, it may make more sense for us to make a significant purchase of the most efficient gear available in the near future. Again I need to crunch some numbers as the variables are beyond my ability to calculate without a spreadsheet in front of me. My instincts say significant bitfury purchase, but that will hinge upon whether they can meet their end of August delivery date and whether the performance/joule on shipping products is as impressive as claimed. On paper it appears as though people will be shutting down knc machines before bitfury gear as difficulty rises.

Cheers.