But then you don't know who's going to invest how much and how much hardware that buys. Then it becomes too risky to reinvest at all. Knowing upfront how much reinvestment we'll have is key to success?
I dont understand how this is so hard for almost all of you. Investing is the exact same thing as reinvesting, all that differs is the source of the funds, and the choice you no longer have. If reinvesting is a good move, then so is investing. And if investing (in new shares) isnt a good move and doesnt happen because the market thinks its a bad move, just how happy will you be that a large part of your revenue is being "re"-invested anyway?
Seriously IM going to start selling "100% reinvesting mining rigs" with a custom firmware. They wont produce a single BTC for you, but once in a while, whenever I say you mined 5 BTC for me, I will send you another miner at whatever hashrate I decide is reasonable at that time. Mind you, not that the new rigs will earn you a single satoshi, but you will be able to glance at the statistics and feel rich. After a few years, you may well have 5 mining rigs all from buying just one. All of them generating just bitcoin dust, but what a deal!
Is it cheaper to buy 100 mining units or 1? if you so desire to receive all the dividends go to cex.io buy a mining rig whatever. This is pretty much the future of bitcoin mining. 0% reinvestment == collapse of PETA, so you end up having 1000s of shares that can mine no more... I much prefer a stablish share price, 50% going to the reinvestment and 50% given to me. For me this is a long term investment.