Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
ex-trader
on 29/10/2013, 09:28:51 UTC
Three problems with claiming there's any glory in these statements.

1. The income is not all mining it's part hardware (a big part), and the price and demand for these has tumbled.

2. The average hash share over the period was maybe good, but it's 3 months and it basically declined through the period, it started in the 10-20% range of the network and ended at 1-2%. The most relevent one is the current levels. From 29/7-29/10 ( 3 months) AM hashrate rse slightly from 38 to 62 TH, but the network grew from 223TH to 2798TH.

3. Having 4m USD equivalent sounds good, but thats a Net Asset Value of only 0.04 BTC/share. Thats not to say this determines price, but it bascially should have negligible influence on the actual value.