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.
Agreed. IceDrill is in a good spot right now. My own projections show an interesting return on BTC invested if there is no delay in the deployment schedule, and a comfortable margin of maneuver if there is. I'm fully confident in DeadTerra, will and the others involved, as well as in HashFast and Uniquify. Theses guys are pros.