Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
raskul
on 23/06/2014, 18:31:19 UTC
Franchised mining

can you elaborate? I also don't see a franchise in it - I franchise out a portion of one of my businesses, on the basis that the business name draws more business towards the franchise, for this, my franchisee pays me a franchise fee once every ten years - for it to be a franchise, I get paid - albeit payments for the franchising of my business are far and wide, but.. i get paid.

whoever are supplying the chips, are not getting paid, so - this is what you see as a franchise? strange.

It could be the old 80/20 franchised mining model AM did in the past. AM has a lot of chips, they can produce very cheaply. If they provide a certain amount of chips or blades to DataTank for free, they could receive e.g. a certain amount of hashing power from them (mining income).

this would certainly make some sense, for DataTank - since they would be getting chips at a next-to-nothing cost. Can't see it as a very beneficial endeavour for AM, however; that times have certainly changed and the network isn't as easily permeable as it used to be. Tough times for us all, indeed.