Why do you think a mining asset which provides a fixed hash rate would "skyrocket" with a small difficulty increase? Any difficulty increase at all means less income from the asset, therefore it's value decreases. That's just simple logic. If the share price increased due to a decrease in value, then that just proves my point that there are a lot of stupid people throwing money at stuff without doing the maths or any research. Logically, a decrease in value should result in a corresponding decrease in share price.
Right now, 200mhs at 0.4 gets you 200+% interest per year. If difficulty increased only by 5-10% per month, that would mean that in a year, the profit would still be in the 100-150% per year range.
Microsoft currently stands at around 3% per year. NASDAQ composite stands at somewhere between 4-7% per year. Something paying 25 times that would skyrocket over night.
You're forgetting that the market has already priced in the upcoming difficulty changes. Because of the fear that this will go on perpetually, the prices drop like rocks. However, if that doesn't happen (and there are already signs it may slow down when you see the skepticism about any mining investments these days) then profitability for these assets will be so high that they comparable prices would go through the roof. Megabigpower is struggling to sell out their 400 available October 400gh/s miners, and even if they sold all those today and had them in operation tomorrow, accounting for 100th, that would only keep the momentum of the current growth up for another month.
If difficulty completely stoppped today, any currently available mining asset that would survive more than 3 years would probably rise to 10-15 times its current price overnight. You'd still get your money back and beat most Wall Street investment funds by 200%.
If you need evidence of this, look at ASICMiner, where the market expects them to maintain their relative hash power for a long time. Right now, the market is paying 10x per hash of what they are paying for fixed-rate assets like 100TH, TAT.VM, and BFMines (ASICMiner now costs just over 10BTC for 200mhs). The market has no fear of difficulty increases becaus ASICMiner can grow. However, if difficulty stopped rising, the effect would be the same as if they rose perpetually because they would maintain, like ASICMiner is expected, their relative hash rate.
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Difficulty increases of 5-10% per month are completely unrealistic for at least the next few months. It's increasing by around 10-20% each round. In the coming months, we'll see BitFury, KnC, Active Mining, HashFast and BTCMAN all entering the market. We're not going to be seeing 5% increases per round any time soon, never mind per month.
Just look at your asset, BFMines. The bids are at 3/4 of your IPO price and you haven't even sold 2/5 of your shares yet. By the time you get your miner, you won't have sold any more shares and the bids will be less than half the IPO price. Your investors are already losing 25% and they haven't even seen 1 Satoshi yet.
Look at TAT.VM, currently trading at less than half the price of it's IPO.
To claim that share prices for such assets will "skyrocket" with small percentage difficulty increase just proves you don't know what you are talking about or are just blatantly telling lies. Difficulty will have to "skyrocket" in order to see such small percentage increases and in that case, all these fixed hash rate assets will become basically worthless.
It's a simple and obvious fact that fixed hash rate mining assets will lose value over time because with all the hashing power set to come online, difficulty is only going to increase. If the share price does not drop accordingly, then people are just being stupid and paying too much.
