Buying IceDrill shares one does not have to pay electricity, keep the equipment running, if it brokes have to replace it, and so on...
It still seems a good deal to me...
Of those only not having to keep the equipment running is correct. Any electricity costs come out of the gross revenue. It is no different then mining your own coins and putting aside enough to pay the power bill. Any damaged equipment has to be replaced from gross revenue and reducing the revenue until replaced, once again the same as hardware you own.
I think IceDrill is a good project but come on, if those facts came as a shock to you, maybe you shouldn't be an investor, generally speaking.
I think he is somewhat right in the sense that :
- Hosting the equipment safely,
- Providing sufficient electrical load,
- Finding best electricity cost
- Keeping it running
- Dealing with the noise
- Cooling the equipment
- Replacing equipment,
- Making sure the company is liable to ship on time
- Negociating equipment price
- Doing the best decision on how to spend that 25% reinvestment.
All of those thing benefit greatly from an economy of scale.
I find the management overhead cost of IceDrill to be well priced. Sufficient to handle the worst cases, making this investment as safe and potentially profitable as the market conditions allow.