Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

And with every 20 days that pass, the difficulty will double, splitting this share price in half again.
Expect .00055 soon!!!!
To the moon!

That seems a bit too pessimist.

I hope... Undecided

It only makes sense.. when difficulty doubles, profitability gets split in half. Therefore the values of the shares will split in half as well..

This is only true if the price of the asset reflects its value. If it's currently undervalued, then a difficulty doubling should cause the share price to drop by less than 50%, while if it's overvalued, shareprices should go down by more.

Any company that is not hashing cannot possibly be labeled as "undervalued". Value isn't even existent until there is actual hash power. Until then its all speculation, and there is no reason this "speculative value" won't reflect the difficulty rising (as it already has shown!)