Quote from: Puppet on June 02, 2014, 08:09:23 PM

Quote from: _biO_ on June 02, 2014, 07:35:17 PM

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!

Investing is nowhere even remotely the same as re-investing, how is this such a tricky concept to understand? When the operation is fixed at 10GH/share we can pour in thousands of BTC, pump the shareprice to exorbitant levels yet we aren't going to get any richer (in dividends) because 1) shares in fixed mining operations are losing propositions no matter how they are dressed up, and 2) being that we've pumped the price up, it becomes even harder to see a positive ROI (from dividends) the only chance you have there is hoping you'll come across people that are easily impressed by large dividends and you sell shares at a profit. In that case the shares are hot potatoes, the mines operating on borrowed time. Even Mining now with re-investment is operating on borrowed time, we don't need that pointing out. Reinvesting means, for example shares that were before as high as 0.12 when PETA was less than 500TH are now at 0.07 when PETA has increased to 1.2PH, yet difficulty has not increased 240%

I suspect vast majority of investors would withdraw their funds in a heartbeat if reinvestment wasn't a large factor in this project, hell I wouldn't have put a satoshi in if that was the case.

I'm perfectly happy about re-investing earnings from mining into purchasing new hardware.

Quote from: Puppet on June 02, 2014, 10:14:32 PM

Quote from: spartan82 on June 02, 2014, 09:07:03 PM

Agreed! What's the point of this mining fund if we aren't growing?

You prefer growth in meaningless numbers over BTC denominated profitability ? Or you think profitability would not lead to growth? If you are so sure cryptx will do or continue to do a good job, why would it not grow and be able to sell more shares, representing more hashrate, without its current shareholders being forced to increase their investment over time on terms they can not dictate, in circumstances they can not foresee?

Shareholders are not forced. Majority votes these things through. You wouldn't be aware from the sidelines.