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Re: SkepsiDyne Integrated Node - The Bitcoin Mining Company
by
Ben Walsh (beamer)
on 04/10/2011, 13:11:13 UTC
Did you really just say that Tawsix ?

Your 100's of man-hours (and I have seen little to no evidence to suggest anything like that amount of effort has been expended in this operation) have been handsomely compensated by the profits you have been taking, which have been generated as a result of the significant total investment from the SIN shareholders.

"Our mission is simple: provide an alternative to those who would like to enjoy the income of mining but do not have the money, time, or expertise to operate a dedicated mining rig on their own.  By combining our resources, we can overcome certain limitation that the average individual faces."

If you truly had to spend 100's of man-hours, then you never had the expertise you claimed you had at the beginning, which is dishonest at best and fraud at worst.

The SIN shareholders collectively own a significant set of assets and I suspect they will shortly be seeking to realise the market value of those assets through liquidation.

Many would not hesitate to utilise the full extent of the law to achieve that. Some may well even be lawyers themselves.

I suggest you start treating the shareholders with the respect they deserve.

Unfortunately, things have not turned around as far as Bitcoin prices are concerned, so there are no dividend payments to be made again.  In light of this, we will be ceasing operations of our rigs until price goes back up or difficulty falls sufficiently.

How far does difficulty need to fall? How high must price go?

Difficulty needs to fall down to 1500000 or the price needs to come up to about $5.60.

...

100's of man-hours have been provided for this business at absolutely no charge, in addition to the majority of the infrastructure (cables, routers, shelves, the building, etc.)  That's money the business was saved, and that is money I counted towards my debt to the business, in addition to my reinvesting.