Gigamining / Teramining

[SysRun]

gigavps, have you had any contact with BFL lately? We're all scratching our heads as to why they've decided to ship without using the 1/3 shipping plan. Perhaps you know what the hell is going on over there.

Maybe I'm wrong and they haven't abandoned the plan. Was 1 of the 3 parts "fuck you"?

I'm trying to remember...

[1713853740]

1713853740

[1713853740]

1713853740

[boonies4u]

gigavps, have you had any contact with BFL lately? We're all scratching our heads as to why they've decided to ship without using the 1/3 shipping plan. Perhaps you know what the hell is going on over there.

Maybe I'm wrong and they haven't abandoned the plan. Was 1 of the 3 parts "fuck you"?

I'm trying to remember...

Power issues forced them to redesign boards and create new cases for the ASIC Singles. To stick with the 1/3 shipping plan would to cause even further delays. This is my observation anyways.

And yes, i'm still following this thread

[jamesg]

gigavps, have you had any contact with BFL lately?

BFL upper management is not easy to get a hold of.

We're all scratching our heads as to why they've decided to ship without using the 1/3 shipping plan. Perhaps you know what the hell is going on over there.

I'd assume the same as boonies.

Maybe I'm wrong and they haven't abandoned the plan. Was 1 of the 3 parts "fuck you"?

BFL being 6 months late and 6x on power hasn't helped keep existing plans in place. Nevertheless, I'm pushing through these things.

Where there is a will there is a way.

[pazor]

Can this not be done instead of the proposed forced upgrade deadline?

To be quite honest, I have disadvantage many of the most faithful of Gigaminers who claimed early and upgraded two months ago. This was certainly not my intention and it will be rectified.

For those who have not upgraded, I have given fair warning for the close of the upgrade process. The upgrade process will reopen when the equipment received can accommodate more Teraminers.

Part of the compensation for turning in Gigamining early will be that Teramining will start mining with equipment received WITHOUT the 9mo clock running.

that is meaning, you will pay for teramining every month some dividends from now on, without time limit of 9 months ?
i accept your compensation offer.

please start teramining, i am waiting for your first payment on may.

[smaynard]

To be quite honest, I have disadvantage many of the most faithful of Gigaminers who claimed early and upgraded two months ago. This was certainly not my intention and it will be rectified.

Thank you!

[jbreher]

Well, Gigaminers, it's time to put on your big boy pants.

We might all do well to remember that the Gigamining contract included no mention of an upgrade to Teramining. As such, gigavps can set the terms of the Teramining offer however he deems fit -- at least as far as new entrants into Teramining are concerned. Those of us who have already upgraded are locked in to the previously set terms. Those still not binding VPS under contractual terms could conceivably find themselves out in the cold.

I upgraded to Teramining some time ago. I had thought that the upgrade window's closing was imminent. As a consequence, I've lost out on subsequent Gigamining profits. But I've not been publicly whining about it.

... wait ...

WAAAAAH!

OK, done now.

I've not been happy with some of the twists and turns of this adventure, either. However, BFL's (and previously GLBSE's) performance have dealt us all a significant blow. While I'm not happy about all of gigavps's decisions, I see them as mostly equitable. I see no evidence of him gaming the situation to his best advantage. I continue to trust him to steer this ship.

You should just be happy he REopened the damn upgrade window. This is working out better for you than it is for me.

[bixcoin]

When exactly will the upgrade window close?

[Otoh]

To be quite honest, I have disadvantage many of the most faithful of Gigaminers who claimed early and upgraded two months ago. This was certainly not my intention and it will be rectified.

Thank you!

+1

(I'm down 38.79 btc in Gigamining dividends over the 8 weeks to last Monday, I trust to Gigavps to honor his previous pledge that the early upgraders to Teramining will come out ahead for helping him out by doing so, from this recent comment it appears that he does indeed intend to rectify this.)

[jamesg]

When exactly will the upgrade window close?

Friday, April 26, 2013 at or around 8am EDT.

[pazor]

When exactly will the upgrade window close?

Friday, April 26, 2013 at or around 8am EDT.

...after that, will teramining start mining?
...and teraminers will get their dividends ?

[BurtW]

When exactly will the upgrade window close?

Friday, April 26, 2013 at or around 8am EDT.

...after that, will teramining start mining?
...and teraminers will get their dividends ?

That is the plan/hope.

[ashitaka]

Does anybody has a very simple estimation on what we can expect in terms of dividens with each "PCU at 9 million hashes per second each". I need to decide if a make the free or paid upgrade

Thanks!

[MrTeal]

Does anybody has a very simple estimation on what we can expect in terms of dividens with each "PCU at 9 million hashes per second each". I need to decide if a make the free or paid upgrade

Thanks!

At current difficulty, each 9MH/s PDU will generate about 0.0035BTC/week. Without knowing how much difficulty will increase prior to BFL getting their hardware it's hard to say, but it's likely that you'll be looking at around 0.002BTC/week or lower for the first couple weeks, decreasing rapidly after that.

[ashitaka]

Does anybody has a very simple estimation on what we can expect in terms of dividens with each "PCU at 9 million hashes per second each". I need to decide if a make the free or paid upgrade

Thanks!

At current difficulty, each 9MH/s PDU will generate about 0.0035BTC/week. Without knowing how much difficulty will increase prior to BFL getting their hardware it's hard to say, but it's likely that you'll be looking at around 0.002BTC/week or lower for the first couple weeks, decreasing rapidly after that.

Thanks! I'll make my math now

[takagari]

This came up fast, so sales are closed?

[BurtW]

This came up fast, so sales are closed?

What do you mean by "sales"?

[Naelr]

When exactly will the upgrade window close?

Friday, April 26, 2013 at or around 8am EDT.

...after that, will teramining start mining?
...and teraminers will get their dividends ?

I too would like this answered.  Will Terramining start mining after the update window closes?

Naelr

edit: nevermind I found a previous post where James said

Can this not be done instead of the proposed forced upgrade deadline?

To be quite honest, I have disadvantage many of the most faithful of Gigaminers who claimed early and upgraded two months ago. This was certainly not my intention and it will be rectified.

For those who have not upgraded, I have given fair warning for the close of the upgrade process. The upgrade process will reopen when the equipment received can accommodate more Teraminers.

Part of the compensation for turning in Gigamining early will be that Teramining will start mining with equipment received WITHOUT the 9mo clock running.

[boonies4u]

This came up fast, so sales are closed?

Sales closed when GLBSE went down.

[Jimmy2011]

Does anybody has a very simple estimation on what we can expect in terms of dividens with each "PCU at 9 million hashes per second each". I need to decide if a make the free or paid upgrade

Thanks!

At current difficulty, each 9MH/s PDU will generate about 0.0035BTC/week. Without knowing how much difficulty will increase prior to BFL getting their hardware it's hard to say, but it's likely that you'll be looking at around 0.002BTC/week or lower for the first couple weeks, decreasing rapidly after that.

Thanks! I'll make my math now

How is your calculation going? Which one is profitable, free upgrade or paid upgrade?
Thank you.

[pazor]

here is a small calculation of upgrating (paid or free) from gigamining to teramining

https://docs.google.com/spreadsheet/ccc?key=0Apjfkh4baK_FdDNTNm00b1J4RDBUenJwTDFQU0M3OUE&usp=sharing

i hope there is no error
please correct me if so

of course, this calculation is only valid if the asic miner equipment is available



edit

some corrections are made