how do you guarantee any of this? you claim 25,000 bitcoin will be mined in a year but even a modest increase in difficulty to 15,000,000,000 which seems very likely in next couple months, you will be lucky to pull 18,000 BTC. what am i missing?
are investors guaranteed 15/GH dividends no matter what happens by a certain date? I'd like to invest a little bitcoin but so far some things not adding up for me.
thanks for any help answering these questions.
25,000+ btc will be mined assuming either entire global hashrate remains static, which obviously it won't OR the 2% figure (representing PETA's portion of entire hashrate) used in that calculation will grow proportionally to the rate of growth the rest of the market. This is the reason for 65% rather than 100% towards dividends, which would be a losing proposition over time.
For example the mine initially started with 1G per share. Hardware was sold to expand the farm and instead of quickly paying off investors a lump sum from that sale, a decision was made to withhold those dividends to increase the capacity, therefore GH/s each share is entitled to a higher amount. at 80k shares with current deployment that increased 600%, combatting the difficulty increases.
You can see from dividend history the upwards trend.
2014-05-16 2014-05-16 0.00150424
2014-05-09 2014-05-09 0.00109209
2014-05-02 2014-05-02 0.00105737
2014-04-25 2014-04-25 0.00075670
2014-04-18 2014-04-18 0.00068164
2014-04-11 2014-04-11 0.00057136
2014-04-04 2014-04-04 0.00060188
2014-03-28 2014-03-28 0.00061162
2014-03-21 2014-03-21 0.00063172
2014-03-14 2014-03-14 0.00050213
2014-03-07 2014-03-07 0.00042365
2014-02-28 2014-02-28 0.00040211
Here we come to the second situation where a temporary sacrifice is made to ensure the long-term success of the mine.