He's paid out a 5% return in less than 2 months, even without having a full rig setup. Annualized that's 30%. Even if you assume worst case about difficulty and his ability to get rigs setup to combat difficulty, the worst possible return rate for a year is 5% since he already paid this much. Somewhere between 5% and 30% is way better than you can make on bank interest or investing in a CD anywhere in the US right now with the economy the way it is.
Actually the return is much better than you think. He's managing that return (between 5-30%) in a deflationary currency, as opposed to an inflationary one. Such a return in an deflationary environment isn't supposed to happend according to the deflationary spiral theory
, the earliest investors are the biggest winners with this, and should be as they had the biggest risk.
To demonofelru, the issue is that he's getting bashed for not answering SOME forum users or these users are not satisfied with his answers.
He's provided enough information for people to make decisions on whether to buy or not. He's not obliged to answer peoples incessant questions. He can if he wants but he's not required to, and to a large extent it wouldn't help if he did. CEO's of normal companies aren't at the beck and call of everyone on a forum, they've got real work to do.
His attitude is less than optimal? Whats optimal?
His goal has been to get as much btc profit for shareholder as possible, that's it (less his fee), he's put plenty of information out there and looked for SH feedback plenty of times. He's stating a fact when he says the company is his. What's wrong with the attitude? What more do you want?
I however do not think he deserves applause for not running with the money. If I am closing at my job at a resteraunt and I we made $2,500 that night I should not be congratulated for not stealing $1,000 and saying we only made $1,500.
The difference here is that if he runs with the money there will be no consequences beyond his reputation being ruined, whereas if he stole from the restaurant he'd be arrested and probably jailed.
I don't see there being a need for him to have a PR department, this is a simple business. Sell shares, use capital to buy equipment, use equipment to mine bitcoins, pay said bitcoins to shareholders. Repeat. All that matters is the numbers.