Quote from: MonkeyBear68 on June 24, 2014, 09:47:29 PM

Puppet,

I am starting to think that all BTC mining operations are like a dog chasing its tail in terms of turning a profit. Let's assume that difficulty will go up as you say and that PETA will not make a profit. Do you think that all Bitcoin mining operations will also end up in the same situation?

All mining operations that pay market price for their hardware, yes. Mining operations that pay marginal production cost, or very close to it, thats quite a different story. Their overall costs per TH are at least 5x lower. Most of those would be quite profitable. But they are not sharing their profits, they are only sharing their costs by selling (overpriced) hardware.

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What is your take on DTMA & DTMB? (a couple of other mining funds soon to be offered on Havelock)

Do you foresee them being a success given their 6 month window till deployment?

I shared some initial thoughts here:
https://bitcointalk.org/index.php?topic=310783.msg7376002#msg7376002

Havent looked more closely than that yet.