It will be very interesting to see what the BTC mining world will look like in March 2014.
thegenesisblock.com reports that coninterra and hashfast together have sold more than $17.5 Million worth of gear so far. This is before today's announcement from Cointerra regarding the newly available Terrahash IV.
As of September 10th, I've been waiting 6 months on my first order of BFL gear. In that same period the network has gone up by nearly 10x
Will go up another 10x in the next 6 months? I think yes. Verly likely much more. Just to keep up with current dividend levels, LRM will need to be 10x of what it is today.
When you consider that RL returns on owner operated companies are in the range of the low 30%'s to highs of mid 40%'s it is reasonable to expect that the returns to miners will approach these levels before the rate of growth in the network begins to level off. The notion of a 2 - 3 month payback on gear has already gone by the wayside and the "fever" is giving way to the norms of investing into any particular business venture. Eventually the 'industry' of mining will yield something on the order of a Johnson & Johnson or other dividend paying blue chip. This does not contemplate the expected increase in the value of BTC which of course could be realized simply by buying BTC itself. Running a lean operation, getting the capital reinvestment ratios right and picking the right suppliers will be critical success factors going forward. Another important factor will be timing the divestiture of EOL gear.
LRM has every appearance of getting off to a good start. I'm certainly far happier with my LRM purchase than that of BFL
Keep up the good work Zachary, we're counting on you.
