Quote from: Vexual on September 16, 2013, 03:02:47 AM

Quote from: Vycid on September 16, 2013, 03:00:48 AM

Quote from: Vexual on September 16, 2013, 02:57:15 AM

Quote from: Vycid on September 16, 2013, 02:54:54 AM

It could be, but guess what? All this would make per-GH costs higher, not lower.

I've established a best-case scenario for AM and it STILL appears significantly overvalued. Thus my short position.

Cool for you, but your maths is wrong everywhere, even at $15/GH profit margin is better than 75%

You fundamentally misunderstand. That 75% is the average projected over the next year.

If Cointerra is selling at $3/GH, do you see the issue with AM producing at $15?

No, I just wanted to see how you'd react to something completely made up.

So, I show you the income statement and explain the methodology, and you continue to imply the $1.50/GH figure is "completely made up"?

Please explain your investment thesis, I'm dying to know.

Quote from: freedomno1 on September 16, 2013, 03:13:29 AM

Your choice of cointerra is not a good sample choice it may be profitable in January but that is a long wait in bitcoin and delays are very common.
http://decentralizedhashing.com/bitcoin-mining-equipment-table/

The fact that the stiffest competition doesn't deliver until January is the rationale behind a profit margin as high as 75%.

You must understand - all of my estimates are very conservative to offset the factors I may be missing. Yet, with those conservative estimates, the conclusion is still quite clear.

That is why I have such a high degree of certainty while everyone else appears to be purely speculating. It is extremely rare for a situation like this to appear in a market. I suspect it is a result of the bizarre wealth distribution. Many (most?) of AM's shareholders do not really understand finance.