Hola guys and gals!
I've done some thinking (happens every other year) about ongoing discussions about GHX, ROI and co. Thus, "I had a dream last night" and I think it's time to address some of the points.
What is GHcoin (GHX)?
GHX is much more than "just" some hashing power. GHX is a solid part of everything we (GH) does and everything we do evolves around GHX. When we decided to utilize the open assets protocol for our mining shares we did so with the goal to introduce additional revenue streams to increase revenue of your GHX over time while maintaining the base value the best we can.
Almost 6 months later (yepp, it's been that long) GHX is still being traded around $5 (0.0192-0.02 BTC) which makes me wonder, how many of you have hashing power elsewhere that has not only maintained the (asset) value but gone up since the first batch?
What represents a good investment or a valuable asset?
I guess most of you will agree when I say "the value of my asset". This we've already accomplished as pointed out above. GHX were originally sold at $4.20-4.50 in batch 1 and at $5 in batch 2. Batch 1 owners will hit their break even in the next weeks and batch 2 owners will see ROI too, take my word for it. But what represents a good investment?
- The asset value as mentioned above
- Stability, simple as that (did I say floor, no I didn't)
- The asset being tangible
- The growth of the platform around it
- The growth of the alternate revenue streams
- More, which I will outline below
Okay Sir, but the days to break even?
So here we go. The days to break even on GHX or (as many like to refer to it as ) hitting ROI. There is no doubt that GHX are NOT the cheapest mining shares in the industry and yes, if someone bought today at $5 / GHX their days to break even would be approx 300+ days. However, that is not (only) how GHX works. Don't get deluded by the days to break even, look beyond.
Let's look at an example. I've set aside 5 GHX (should have used 10) almost 60 days ago to revert back to it today for this example. Back then I saw some WTB/WTS listings on the marketplace here on the forum which prompted to set those GHX aside with a logged investment amount of 0.09 BTC (instead of 0.1 BTC. So lets look at the stats for those GHX.
Received on May 7, 53 payouts received and the break even point has decreased from 403 days to 363 days. Now some of you will say "363 days to go, holly molly". Indeed, to break even those GHX have to continue as they are for one year to fully break even, but we'll break even earlier because we'll make the bet use of our GHX to get the most out of them.
But, before that let's look at liquidation our asset after 60 days to see if we'll make any profit. We're not greedy so we're looking to sell at the going marketplace rate or just below to sell quickly.
Our original investment was 0.9 BTC 53 days ago. We've received 0.01203 BTC in payouts or roughly 11% return on our original investment. Not to bad.
We now want to liquidate via the GHcloud marketplace at the current rate but definitely not below taking 18% profit. So we check GHxchange and find that the current rate is approx 0.0192 to 0.02 BTC per GHX so we decide to list our GHX at 0.0195 resulting in a 21.71% profit over what we've originally invested. 21.71% + 11% income from payouts = 32.71% profit on the original investment after 53 days.
Bottom line, is GHX a viable investment? Yes absolutely.
Okay so how can I make the most of my GHX?
The answer is simple... GHcloud!
The way we've designed GHcloud, GHX and everything around it has been outlined many times in multiple threads. Anything GH does will always benefit GHX owners. We've promised that over 6 months ago when we started out and nothing has changed but we can only provide additional revenue streams or perks (like GHads or the marketplace) but we need you, our community, to support the growth. Some of our perks will only generate more revenue as our community grows other perks are right there on GHcloud, you just need to use them.
GHrigs for example. Depending on the amount of GHX you own and depending on the current avg market rate for rig rentals you might be able to rent our rigs, mine BTC while discounting yourself on the rental fee. How does that work?
Let's assume you own 3% of all GHX in circulation. The rental fee for a GHrig (today) is 0.0105 /TH/day and at the current difficulty 1 TH/s will mine approx 0.01018 BTC at 100% pool luck. Now, if you own 3% of all GHX you'll receive 3% cash-back on your lease within 24 hours of the end of your lease. Thus if you hit a pool like Ant on a lucky day, you'll come out ahead and take a profit not only on the mining time but you'll also receive your 3% cash-back when the amount paid for your lease is cycled back via GHrigs with the GHX dividend payments.
But there is more. Let's look at GHxchange. With the launch of the marketplace GHX owners now have the opportunity to play the market. I put some time into it over the last days to test this out and here are my results.
Have I been profitable? Considering that we ninja launched the marketplace just to our community so far, yes absolutely.
But, there is more!
Most of you know that we launched GHminting on April 25, 2015. Since then our staking basked has slowly grown and the GHcoinex account has distributed over 1.50 BTC in free money since the launch. It's not a lot but it's free and didn't cost anyone anything but us.
GHads has been slow there is no doubt but again we're working on building up the GHads network and once our new website is online we'll probably see an increase in paid ads since people will be able to purchase ad packages directly from the website with BTC.
GHxchange rebate has been introduced with the launch of the marketplace and the marketplace has accumulated 0.24615 BTC in fees over the last few days with 25% of all fees collected being distributed every Sunday to the GHxchange rebate account to flow into the Sunday payouts.
Finally - backed by real hardware and hardware redemption
Most of you will remember that we always said that one of our major goals is to rotate hardware to sustain profitability while also giving GHX owners the option to redeem hardware for GHX is they desire to do so. That time has come NOW!
We're nearing the end of the 2nd hosting term for batch 1 and the first hosting term for batch 2 and I'm delighted to announce that we'll be moving the first batch to the US in a few week with the 2nd batch following a couple of weeks later.
We'll be making an announcement on that topic in the next days but the first round of hardware redemption is now only weeks away.
The above is one of the major points that makes GHX and what we do different to most mining operators. Your smart asset is and will be always backed by real hardware and the full potential of that will become clear in the weeks ahead of us.
Anyway, we'll go into detail about the move, redemption, down-time and co in the official ANN which will be up no later than Sunday. A heads up, the majority of you wont be affected by the down-time of the first batch being moved. We (GH and the team) and our bigger investors have already come to the consent that WE will be resting / burning our GHX when the first batch of Ants makes their way to the US so most of you won't be affected by the move. This might be different when we move the 2nd batch but again, we'll post an ANN
Bottom line, GHcloud and GHX is more than might meet the eye. Don't think of GHX as "just mining" power. Your GHX are a real "asset", you just need to make the most of it and remember, whatever you do, you should always have some fun doing it.