Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
velacreations
on 23/09/2013, 01:14:45 UTC
That is incorrect as lately friedcat has been withholding the money from the hardware sales and dividends only included proceeds from the mining.

That's interesting.  Presumably to invest more in hardware?

One problem with these bitcoin mining stocks is that as competition heats up the mining companies may need to poor all their revenue into new hardware, and ultimately the fabs end up with all the money.

he's been holding back a portion of the dividend to fund Gen2.  Estimates are that he's got at least 11K btc saved.