An estimate of the value of an ASICMiner share (with conservative-ish assumptions)
Assumptions:
* Bitcoin will still be around by the time our kids become adults.
* AM will maintain a minimum of 20% of total hashrate for another five years. (about 80% of total coins will be mined by that time [1])
* Tx fee is down to zero:(
* Operaional fee is zero:)
Calculations:
* Total number of coins will be mined by AM by Jun 2018:
(52500 * 3.5 * 25 + 52500 * 1.5 * 12.5) * 0.2 = 1115625.0
* Let X be the percentage on sales income over mining income,
Price per share (PPS) will be 1115625.0 * (1 + X) / 400000,
X = 0.1, PPS = 3.068 BTC;
X = 0.2, PPS = 3.347 BTC;
X = 0.3, PPS = 3.626 BTC;
X = 0.4, PPS = 3.905 BTC;
X = 0.5, PPS = 4.184 BTC;
X = 0.6, PPS = 4.463 BTC;
X = 0.7, PPS = 4.741 BTC;
X = 0.8, PPS = 5.020 BTC;
X = 0.9, PPS = 5.299 BTC;
X = 1.0, PPS = 5.578 BTC; (We are around here as of recently)
X = 1.1, PPS = 5.857 BTC;
X = 1.2, PPS = 6.136 BTC;
X = 1.3, PPS = 6.415 BTC;
X = 1.4, PPS = 6.694 BTC;
X = 1.5, PPS = 6.973 BTC;
...
References:
[1]
https://en.bitcoin.it/wiki/Controlled_supply(Be diligent and do your own calculations. I am a shareholder and I am biased.)