Quote from: tolan77 on August 28, 2013, 01:04:29 PM

Quote from: klaus_ffm on August 21, 2013, 08:28:07 PM

People don't understand that we need to double hashing power every month to stay even with the increase of difficulty.
Market cap of Fenix dropped below 80 BTC so shareholders lost 90% of their investment the second time. The only reasonable action was to sell the 2 avalons and start with a new IPO.
I wish I had sold my shares the first day...

Honestly I agree, however I felt too guilty to sell as to me that devalued all the hardwork the team(strello,nameface,ect) has put in to even make this security possible so honestly I already had seen it as money lost anyway so any money back is good and it's a basic little hedge if I'm wrong about difficulty increases. However if we have much in the reinvestment jar we might look into this new price on blades from asicminer. https://bitcointalk.org/index.php?topic=282867.0 Cheapest miners that we can get ASAP. ~~2500mH/s per BTC which is the best price I've found and could get us back in the game a bit however who knows if we'd even get this investment back with new asic companies shipping.

I have a good option for our growth fund, but the deal is still being worked out and confidential. I'm working to get a preferential rate for FENIX on a large hardware buy.