144 blocks per day
52560 blocks per year
1314000 BTC per year
52560 blocks per year
1314000 BTC per year
The blocks have been mined at a substantially faster rate than the ideal of 6 blocks per hour. I think the average is more like 7.5 blocks per hour, which pencils out to 65,700 blocks per year and 1,642,500 btc per year.
Using the 2.5% to 25% range, I get 0.10 to 1.02 bitcoins per share in potential mining revenue.
Anyway, I don't believe AM cannot mine 400,000 Btc over its lifetime from this point forward, which implies min of 1 Btc per share. Also, I can't see AM stopping at 2.5% of network with the most energy efficient chips (and possibly cheapest chips). I can't see AM stopping at anything less than 40% of network assuming the most energy efficient chips (unless they are selling chips at a higher margin compared to mining. Either way AM wins).
Very bullish, and as a shareholder, I share the dream. But until we see a working chip, its just a dream.
