"The IceDrill mine, at launch, will be running with 500 Terahashes (500,000 Gigahashes) of power. This asset comprises 60% of the mine’s ongoing profits (meaning roughly 100% of 300 TH power). However, this asset is NOT tied to a specific hashrate. Rather, it is tied to a specific percentage of IceDrill profits, meaning that as the mine grows in hash power, so too do the profits earned by the shares. While one share will be worth roughly 10 Mhash of mining power upon launch, it will be worth more hash power over time as the mine grows.
In order to grow, 75% of the profit from each shares share will be paid out to the investor, and the remaining 25% will be reinvested in additional mining capacity on a continual basis. Thus, the mine will grow substantially over time to maintain the most efficient market share."
So 60% of profits will go back to the 'company' of which 75% to dividends and 25% for growth, right?
In order to grow, 75% of the profit from each shares share will be paid out to the investor, and the remaining 25% will be reinvested in additional mining capacity on a continual basis. Thus, the mine will grow substantially over time to maintain the most efficient market share."
So 60% of profits will go back to the 'company' of which 75% to dividends and 25% for growth, right?
The whole thing is worded such that trying to interpret it literally gives me a headache.
I suppose it all depends on how we look at it. They advertise a 500TH mine, of which, as an investor you're only actually buying into 300TH. So, of this 300TH, 75% of each share submitted is returned to the investor as dividend, yes.
If you interpret IceDrill as being the total farm: 500TH, the investor is entitled to 45% of the earnings and forefeits 15% as re-investment. Effectively, 55% (that's 275TH) is going straight to the corporation.
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