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Re: SkepsiDyne Integrated Node - The Bitcoin Mining Company
by
boonies4u
on 23/09/2011, 19:07:14 UTC
I apologize for the delay, but the truth of the matter is that at current prices of BTC, we will have operated in the past week at a slight deficit.  I am waiting for BTC to go back up in price to at least cover the cost of operation.  I do round up when I calculate energy costs, so we won't be going into the negative financially.  I have confidence that Bitcoins will rebound from this slump.  I will update further once the situation is resolved.

Tawsix... One of the reasons I chose to put my money towards mining, was that I didn't want my investment to be overly dependent on the price of bitcoins.

If our mining operation is not profitable, make it profitable. I don't want to have a delay in divdends merely because you want to wait for a more profitable time to pay the bills. I am pretty certain you said early on that it would that it would take the collapse of bitcoins as a currency for mining to become unprofitable. (I still believe this to be true, if the rigs are managed right)

If we need money, put the IPO back on the market. If you need to shut the rigs down so you can set them up to run more efficiently, do so.  Please help get us profitable again, or at the very least, able to pay the bills.

We will most likely be back up to full capacity at the end of the next week, as everything should be sorted out by then.

I am concerned that we are not running at full capacity. I am referring to the ~12 Ghash/sec we had during the majority of July.