Given that all the costs involved in these are relatively fixed, its pretty easy to work out the potential profits.
These units at this price will break even if the average difficulty change is around 1%. Anything more and they lose money.
Since that seems fairly unlikely, I think you need to significantly lower these prices.
It's pretty unrealistic to think that you could jump in and out of a poorly thought out $600,000 capital investment in a high risk field without any loses.
These units at this price will break even if the average difficulty change is around 1%. Anything more and they lose money.
Since that seems fairly unlikely, I think you need to significantly lower these prices.
It's pretty unrealistic to think that you could jump in and out of a poorly thought out $600,000 capital investment in a high risk field without any loses.
I am grateful for the analyses of thoughtful seasoned investors. It highlights what's cool about innovative, creative, intelligent digital communities. Nothing about this was poorly thought out, we are just navigating a change in strategy based on new information and a desire to innovate in an emerging space.
I realize this is not in-person negotiations, but as a newbie, the level of character assassination and negative conclusion jumping that goes on in this space with virtually no personal knowledge about each other is pretty disappointing. Perhaps our level of transparency is unusual. Perhaps its the nature of the medium of communication but maintaining that level of pessimism must be a huge burden.
If anyone has a counter offer, I would be happy to take it to my CEO. We have asked Hashplex what they can provide to verify the existence and performance of the miners, as well as the pre-paid hosting, and we will also provide a process for transfer of ownership and hosting credit, and select a mutually agreeable escrow agent.
Thanks for your interest and suggestions!
peace and joy,
vonnie
I didn't intend any of my comments as a personal attack against you or your boss. However the fact is that this investment has very little chance to break even or make a profit at the prices you've paid or the prices you are trying to sell at. Unless I misinterpret your goals, I'd say this was poorly thought out. This seems like an attempt to pass your poor investment on to someone else.
