Quote from: dropt on August 15, 2013, 07:40:15 AM

Quote from: klee on August 15, 2013, 07:19:50 AM

In fact it is the 25% - the other 75% goes to shareholders.

Unless things have changed, 40% goes to administration and 60% as dividends. I'd have to read through their correspondence, but there was some question regarding the re-investment percentage coming out of the management's 40%, or the shareholder's 60%.

"The IceDrill mine, at launch, will be running with 500 Terahashes (500,000 Gigahashes) of power. This asset comprises 60% of the mines ongoing profits (meaning roughly 100% of 300 TH power). However, this asset is NOT tied to a specific hashrate. Rather, it is tied to a specific percentage of IceDrill profits, meaning that as the mine grows in hash power, so too do the profits earned by the shares. While one share will be worth roughly 10 Mhash of mining power upon launch, it will be worth more hash power over time as the mine grows.

In order to grow, 75% of the profit from each shares share will be paid out to the investor, and the remaining 25% will be reinvested in additional mining capacity on a continual basis. Thus, the mine will grow substantially over time to maintain the most efficient market share."

So 60% of profits will go back to the 'company' of which 75% to dividends and 25% for growth, right?