That's a very weird thing to say while your customers are paying 20% for reinvestment. (that's currently covering the shortcoming in operational costs.)
That 20% supposedly replaces all those miners Before they go down with more efficient ones to keep your investment profitable.
So when admin sais that they are saying we are Not replacing anything and pocketing your 20% when shit breaks its gone.
Also how is the Cooling done now that you moved to the warehouse u don't have free cooling anymore how much is that going to cost ? might work during the winter without but how about summer ?
"It's probably better to think of the token profit more as a dividend share "
Not according to IRM apperantly because they say everything will just Die after 3 years so your eating your asset.
Is this true and confirmed by IRM management or just an uninformed comment made by an admin sitting in their telegram group not realky involved or on the company payroll.
How can IRM say in its whitepaper there will be 20% reinvestment to do maintenance and replace older machines and then turn around and say that once machine are not working they are not replaced in their mining farm? Who would invest in a company not willing to spend for rig maintenance and repair to keep its farm as efficient as possible.... for as long as possible.
IRM should be careful, their flip flops on so many promises they said they would do in their white paper but are now no longer going to do could leave them open to many lawsuits.