Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
But this new reinvestment plan can only keep up with difficulty until August 4, 2014, as seen in your forecast in the prospectus. After that date we are in the exact same situation with not being able to keep up with the difficulty using just reinvestment funds. The only way it can sustain is if there is a big price spike in BTC before that date to buy much more miners with reinvestment funds when the reinvestment is largest and network hashrate is lowest, but then a different problem arises.
Are there any plans to to tackle this issue when it comes up again?
Are there any plans to to tackle this issue when it comes up again?
why not make calculation factoring in big spike in BTC? we can surely rely on the spreadsheet as you said by switching few numbers.
Here, I've outlined one scenario in the sheet with BTC at $4,000
Astute readers will notice we control around 34,000% of the entire hashrate by 2015, very exciting. pretty impressive dividends too
