Can someone please build a CDO cashflow waterfall spreadsheet with difficulty increase modeling? If so, then we can properly value this thing. (I am obviously not smart enough to do that)
Flat out modeling with difficulty seems to totally miss this 'credit enhancement' structure, which should be worth a LOT.
The shareholders getting paid 0.0016/share before private investors effectively acts as a thick credit enhancement on a CDO, right? Sorry, I am just trying to wrap my head around whether this is a good investment or not.
Sorry for my bad math. If private shares is 30% , you are somewhat getting something like extra protection with 7:3 ratio (ie. for every public share, you get extra ~0.43 share that helps to pay your principal back). then instead of buying at 0.0016, it's more like 0.0016/1.43 (initially before private investors get paid). that's close to 0.0012/share? that sounds like a steal to me. or am I smoking crack?
i don't think Icedrill has miners protection program (since it was not stated anywhere) but I think this 'credit enhancement" is way better than miners protection program. What's the point of hosting more hardware if hosting cost would not operationally break even?
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Does HF's "Miner protection plan" apply to IceDrill? If so, that may help, since 10Mh/s could end up about 50Mh/s if the ROI is bad.
Good question. Even if it did, what's the time-frame on receiving those extra chips? Weeks? Months?
I believe IceDrill has Miner Protection.
If they don't make 100% ROI within 3 months. November - December - January, then they will give them up to double or four times as many chips as originally purchased in order to make their ROI. It will only be chips though.
That combined with shareholders getting paid 0.0016/share before private investors should make this a fairly safe bet (If you trust DeaDTerra and HashFast)
It's going to be a long wait though!