Quote from: tomywomy on January 25, 2014, 02:24:50 AM

How much hashing power would Asicminer have to have to justify this share price? There are 400,000 shares, so at 0.5 BTC per share we are looking at a value of 200,000 BTC. If Asicminer discovered 8 blocks a day they'd make 200 btc a day in revenue. That's 3.3% of the network. Even if 50% of that was profit for distribution, that would mean 100 btc a day. It would still take 2,000 days, or 5.5 years at that rate to generate 200,000 BTC of profit and get the shareholders buying in at this price to break-even.

With only 4 blocks a week being found at the current hashing power, we are talking about increasing hashing power by 14 times to go from 4 to 56 blocks a week, or 8 blocks a day. Does Friedcat have access to 14 times the data space he is currently using, 14 times the electricity, 14 times the chips?

What would it genuinely cost to maintain 3.3% of the entire hashing power? Right now the network hash rate is about 20 PetaHash. 1% is 200 TeraHash and 3.3% is 660 TeraHash.

This isn't just about deploying some faster technology. The network hash rate has grown 500 times (50,000%) since May, when Asicminer ruled the mining world. Do you really believe Asicminer can produce 50 times the hardware they had been (to end up at 3.3%) and keep that growing at the network growth rate, which has been 100% per month for many months?

I'm wondering if someone who is a believer here can quantify what they think Asicminer will be producing that will justify the value currently being assigned to these share.

AM will deploy 2-20ph during what I predict to be a 40-400ph network hashrate.

So that would give AM from 0.5% - 50% of network hashrate.