I was looking back through the thread for some information and came across this:
So unless their thinking has changed, it seems they do not intend to enter into a reinvestment / expansion arrangement.
Will the capacity be expanded?
This is not planed. This would complicate the deal. There is still sufficient variability of profitability due to the unpredictable network hash rate and btc price. It is possible that the mine generates revenues that are higher that the presented optimistic scenario.So unless their thinking has changed, it seems they do not intend to enter into a reinvestment / expansion arrangement.
I wouldn't make any assumptions. The founders own a SIGNIFICANT amount of shares and are obviously invested in the success of the Project as share holders. I doubt either of them will make any decisions that are not fundamentally sound.
their fundamentally sound decision would to start another enterprise using the coins they generate from 100th mine (now 200th?) without including other shareholders of 100th. they have no need to compensate others since it was never stated in their initial plan and they never even hinted at it. yes they can do it. but why would they? they can completely self mine (like bitfury is doing now) and just retain all dividends to themselves. as long as they do what they promised in the 100th they are doing things correctly. i'm sure people would love reinvestment at cost but what do they have to gain from doing that.
I don't think you "get it". The main shareholders in 100TH are still the founders. It's not about "compensating" shareholders, but rather creating profit for shareholders, what to a very large extent means the founders profiting.
Yes, but he means the reason for not reinvesting is that the 100TH mine is deployed and then slowly will die. Then the earnings they founders got are used to build their own miners besides 100TH because they now have the asic design and enough money for it. This way they get 100% profit instead less.
Semi-true. I would prob argue that it is just as profitable, if not more to just use partial withholding and bank from 100TH to expand and keep the operation alive vs. leaving it to slowly die with lower and lower dividends just to set up a parallel new operation.
