Creative, I believe you are one of the most communicative and capable members around here who run a bitcoin mining related company. Unfortunately, I do not believe that simply buying hardware from 3rd parties in an attempt to maintain network percentage can be profitable in the wake of monstrous difficulty increases. Have you ever considered expanding from simply scouring the internet attempting to find cheap 3rd party hardware to actually taking the step in taking part in the manufacture of your own ASICs?
Related to this post, I was wondering what your plans are for the future in terms of keeping the dividends similar to current returns? I'm not really asking "how" you plan on doing it (that's a whole separate task) but more so do intend to keep dividend payouts similar to today's rates? I know there are no guarantees, and I'm not asking for one but it would be nice to know if what you say in your business statement on the site about maintaining shareholder value directly relates to dividend rates. If that's the case, I feel great about investing with your company. We really only need to worry about keeping up with the difficulty, but that's not too hard.
Keeping up with difficulty will be hard, especially since each miner brings diminishing returns.
Say for example basic had 10% of network (again, just an example) at 10TH, and wishes to maintain its percentage
If network difficulty goes up 20%, Basic would need to add 2 TH
Network difficulty increases again by 20%, Basic would need to add 2.4 TH
Network difficulty increases again by 20%, Basic would need to add 2.88 TH
Network difficulty increases again by 20%, Basic would need to add 3.45 TH
As we are already seeing this have a major effect on the business - In order to keep up with difficulty increases, creativex would have to add 5 avalons every 12 days. Clearly, this is a near impossible task given the dearth of supply and the unreliability of buying the machines in the first place.
What about TAT.VIRTUALMINE? Hashes on demand!
Hi iCEBREAKER. I'm afraid I've already alienated a number of shareholders by investing in LC and AM. Tough to imagine the uproar if I went for something pretty much designed to lose over time. I'd likely have some abuse coming too in that instance.
Cheers.