Post
Topic
Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
MonkeyBear68
on 02/06/2014, 18:57:19 UTC
I also voted 35/65 (35 Dividend / 65 Reinvest). I also think this ratio should be reviewed at least every couple of months. I would be open to a floating dividend/reinvestment ratio between 10/90 and 90/10. At least for me, the idea is to maintain a relatively constant dividend per share over time. If this does indeed become zero sum in the future (IE The BTC mined only pays for the electricity and hosting fees), then we would need to think about a vote on liquidating the assets.

Ultimately areas with low electricity costs will be more conducive to Bitcoin mining. As mining farms move to those areas I expect that it could actually cause the price of power to go up in those areas as huge BTC mines eat up surplus power. You can work out the details for yourself, but if hash rate continues to increase at 25 - 30% per month, by the time of the next block reward halving the Bitcoin network will be using the total power output of a medium sized nuclear power plant.  Shocked