Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
Franktank
on 03/07/2014, 14:27:48 UTC

NOT cool at all.  That would be ludicrous.  At the current value of Bitcoins in USD that means you are putting up $1.25 per GHs and getting back 20% of what that will mine after electricity costs?  Did we not already BUY those chips with the profits from our company?  There is no way we have to put up our shares to get the hashing!!  If AM is giving away the chips for a deal like this, then we should be getting a percentage of those proceeds from mining based solely on our ownership of those shares.  I fail to understand how you think it's "cool"  to have to use your shares as collateral for such an operation.  It would be much better for your to sell your shares, buy mining equipment that uses more efficient chips and keep 100% of the profit after electricity costs.

I sincerely hope that this is not the deal FC cooked up.  I cannot believe this for one second.

It would be best to wait until all the terms and conditions are presented.