You are investing in a business that becomes less profitable every day. That's not a bad thing, it just means your calculations of value need to account for it.
It isn't so much the business or even the industry really... It's the individual rigs.
Until all the IPO shares are sold, we'll be seeing a rapid growth in hashing power. We're leaving it up to Tawsix to spend these funds to bring in efficient and powerful rigs. Once all the IPO shares are sold, or they start selling at an extremely slow rate, generated BTC will have to be put into purchasing new hardware. The idea is that by then, mining has scaled up to the point that x number of rigs can be purchased every week, month, or quarter.
Remember that dividends are split up among IPO shares that are SOLD, not counting what goes to paying for Tawsix's shares. 15 shares will have a much lower percentage stake then what they have now. x shares out of 2000 lose 60% stake in the dividends when it comes to x out of 5000. Don't worry though, because as shares are sold, rigs are bought. Just be sure to calculate what % you will be bringing in...
- Now
- When all IPO shares are sold
- When all of Tawsix's shares are paid for