Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 319. (Read 771288 times)

Normally I don't think much of VE, but here he is actually talking sense. come to think of it, if eASIC are on time Ken could actually be keeping profits to himself.

Now we are getting to the point where there are no more excuses. Ken you need to start talking.

It is unrealistic at this point in time. I'm not saying that BTC will not go to 10,000$. I'm saying for the sake of sane conversation, keep the estimates conservative. When btc was trading at $150 and you guys were buying shares, you never thought btc was going to hit $1000 in this short of time frame. We shouldn't expect it to hit $10,000 in a short time frame either. If it does, let it be a pleasant surprise.

OK well why is 10k unrealistic?

I don't. I am more interested in seeing estimates based in reality. DTS is talking about estimates with a btc price of $10,000. Come on. Let's be realistic. Don't let the greed get to your head.

Do you have any estimates yourself then?

Some of you guys are starting to get delusional. Keep your estimates here on earth.

Yeah why is it no one else here wants to grow our hashrate as fast as possible?

Yeah why is it no one else here wants to grow our hashrate as fast as possible?

I want to be god damn millionaire, and keeping reinvestment at a flat fiat rate robs me of that.

The percentage has to be maintain, do the math please.

How many shares do you have?!

The main goal should be taking a large percentage of the hashing power, by any means necessary.

More fiat to reinvest each month grows our hashrate faster, by setting a limit for fiat reinvestment we are stuck at the same TH/s increase for every reinvestment, each TH/s becomes more and more shit after each diff change, so to keep our % we need to reinvest more fiat.

In the first year we want to grow our percentage a lot.

If we set a fixed fiat reinvestment, we cannot maintain that %

Please get a calculator out and plug in even the best case variables and see that limiting reinvestment to a fixed fiat value decreases our hashrate. Because each THs is not pulling in the same amount of Bitcoin.

This is very very simple math.

Minerpart, I want between $1,000,000 and $2,000,000 out of this. I know for certain this will never happen if you convince Ken to drop our percentage of reinvestment to keep fiat reinvestment flat.

I'm sorry DTS but you are talking nonsense. Nothing there gives us any stats which we can work off. You are just stating your personal belief - based on what?

We must keep reinvestment at least 50% no matter the bitcoin price.

The matlab model I posted had an ever increasing bitcoin price with reinvestment still at 50% and showed that we are going to be very much on the edge of maintaining our hashrate.

If bitcoin goes higher and higher, it is in our best interest to keep on investing 50% no matter what, because we need to expand our mining ability as much as possible.

In the long run we make more money keeping reinvestment at 50% and above, if we ever drop below 50% the competition will destroy us.

The good news is that we will make a lot of dividend, but I urge shareholders to encourage Ken to never drop the 50% reinvestment even if Bitcoins are $500,000 each. We must keep reinvesting.

Please do not drop below 50%, please.

You mention keeping the reinvest fund on course with the same amount of fiat if bitcoin increases, unfortunately this will ruin our company in just a couple of months. If bitcoin price increases we have to take advantage and keep 50%.

Get out a calculator or write a program to do the modelling yourself. You will see that if we do what you say, drop the percent of reinvest to keep the fiat amount the same when the bitcoin price rises, we will fall behind fast.

Please see the matlab model I made, it really shows all of this.

(Even reinvesting 50% when bitcoins are growing up to $10,000 over a year or two still does not guarantee we maintain our percent of the network.)

TL:DR

My model shows in the long run we make more dividend keeping reinvestment at 50% even if bitcoin prices keep rising. If we opt for more bitcoin dividend now whilst rising bitcoin prices we fall behind fast