Sorry, I am not that good with Math but how much would it cost to buy all those hardware from HashFast and then set up a farm with this size? Has anyone estimated the total cost required that is needed to run this operation? Do you think IPO money is sufficient to cover all that cost?
I don't mean to quesiton a HERO member since I am a newbie in all this but I am just curious whether someone knows some real facts (or anything close to facts).
I agree, so far DeaDTerra was very responsive and supportive. People not happy with this IPO can leave freely without losses.
Of course he will be responsive and supportive. He's asking for millions of dollars without a plan that benefits himself and his partners so much.
The doubts and criticism have nothing to do with how nice he might be.
IceDrill is paying out .0016 to bitfunder shareholders before a single dime goes to DeadTerra.
Is that true?
So far he hasn't confirmed that all funds raised from IPO are being used to the benefit of investors - so it's not clear yet whether some of the IPO funds ARE going to DeadTerra. I'm not claiming that he IS going to pocket some of the IPO funds - just pointing out that he hasn't yet clarified that detail.
EDIT: There wouldn't be anything 'wrong' with a cut of IPO funds being taken - but it would mean your statement was wrong. The impression a quick read of the contract gives is that it's shares/revenue share in a company being sold. But closer examination suggests it may actually be a PMB that charges expenses and reinvests (compounding profit OR loss) - with any benefit of cheaper prices from large-scale purchase not actually being passed through to investors. If ALL funds raised from IPO are staying in the company and being used for the benefit of investors then your comment is true - and it's a decent offering. I'm not convinced that's the case - but obviously DT can clarify if he chooses to and hopefully I'm just reading too much into what wasn't stated.