Edit: An interesting IPO being offered
here by DeadTerra (not to be confused with Cointerra), involving HashFast (not to be confused with Fast Hash). Any comments, considering there's talk of a deal with first HashFast devices going exclusively to DeadTerra?
Thanks for posting this link, crumbs. DeadTerra has a good reputation and I am glad he is putting together the IceDrill IPO based on HashFast. Right now there are few ways to get into the game besides buying actual mining rigs/chips. I will definitely be looking into DeadTerra's IPO. I suspect everyone will dump their shares of other mining operations to buy HashFast's shares since their claims, if true, would dominate the competition.
You see why pre-orders are such bullshit, both for the buyers and sellers? The whole network has only touched 400 this week, and as I write this is humming along at around 340.
So now, here comes a guy who says, in effect: "Uh, yeah, were coming with 500 in November, and we're going to hold on to some chunk of the total thereafter. You all are welcome to buy in to 60% of our action, because if there aren't some small stakeholders, and there's only six of us in the whole network, it won't be good."
So, then ASICMiner has to increase. And buzzDave has to increase. And BFL has to smuggle a couple more minirigs out the back door. And KnC has to redefine its own hosting, and the hosting deals they've already made. And God knows what goes on in China with those now-commoditized 130nm chips. Oh, yeah, and I forgot CoinTerra. We don't know what they're going to do yet, I guess.
The point is, any growth rate you put on this stuff can be -no,
will be- black swanned. You wanna buy fixed hash, delivered to you at an uncertain time point in the future? Bend over.
Ever since becoming involved with mining I have wondered why so many people are so willing to fund someone else's business (and shoulder a majority of the risk) in return for a product they paid full price for. In the real world there is a big difference between investors and customers (one funds the business and one buys goods or services), here in Deadwood we have investomers. I'll never get it that's for darn sure!