Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
candoo
on 16/08/2013, 11:46:07 UTC
Basic math shows how overpriced the shares are: there are ~10million more bitcoins left to be mined over the next century or so. Even if ASICMiner were able to maintain 20% of the total network hashrate throughout that period (breathtakingly unlikely), they'd only mine 2million BTC. Split between the 400,000 shares that creates an upper limit of 5BTC/share.

You did forget the hardware sales