Bitcoin Forum

This round will not open for sales until my computer is set up and the hashrate is in stock. Immediate hash begins when a round or sub round is full.

Payouts occurs on the 1st and 15th of each month.

Hosting fee: $375 per round or sub round per payout
50 shares will be per round or subround
Each share is estimated at 10.8ghs
Management fee of 2.5%

Price is $132.80 per share.

Machines will continue to hash until they can no longer pay their costs.

Sales will open when machines are en-route, hashing will begin when units are put online (if at least one round is sold)

Sub-rounds will open as soon as 50 shares are sold (during business hours)

We take 0 (zero) responsibility for manufacturer defects, if the units need to be returned or need replacement parts we will ensure they get sent out for repair or repair them in house when replacement parts arrive.

Hashing should begin Wednesday

What kind of hardware are you guys picking up?

are u guys doing a bunch of u1's? 

This GB is for hashrate hardware brought in will not be needed and may be mixed.

As the hardware will be hashing when sold there is no risk of manufacturer not delivering

5.5ghs per share is a step down from for example R17's 40ghs per share.
Does this mean those other rounds are actually losing the coop operators money?

No its hashrate on hand well will be when we start to sell which increases the amont we need to pay for the gear

We're trying something new since we have hardware on hand.

There are certain manufacturers that are permabanned from the co-op, so there's companies that won't be part of this.  :P

Great rub it in why not.

How many other rounds are underdelivering

and you have hardware on hand

great great

Hardware isn't on hand yet
2rounds are underperforming one is due to manufacturer error and the other will be brought up to speed with the new hardware

thomas_s

i know you are busy. but i want to send you the .01 transfer fee for the round 6 shares i sold yesterday.  do you have a btc address to send the fee to.  thanks philipma1957

I will later today

thank you

Round #15 stakeholder here. I have unanswered questions about recent failure of the mining hardware and returns. Please see my and other people questions in the corresponding threads. Respectfully and thanks.

Modules are broke gotta wait for knc keep other round questions in there threads please

Are you able to give out more information.

Most of the info / important info is already posted but if you ask I'll answer

I think the biggest question is how soon is "coming soon"

Within a week, or hopefully less.

Bobsag3 can you contact me via PM or gtalk thanks.

/rant
sorry, now that I've bothered to read the thread, I see that the price has ~halved due to a mismatch

I do declare I'm interested

Site was pushed when DNS propagates you can place orders

Hashing should begin Wednesday.

Bought (possibly) the first 5 shares :)
But I noticed under my account it says no orders, and no email after the order... assuming the site is still in-progress.
Will it be updated to show shares from previous rounds as well (I have 2 from 17 and 2 from 22 as well...)

Transaction ID was 29c8cd2cee9ed3a392688667e46c322a56d0d19c1ba6f8895773e9744658719e-000
It says it completed the transaction...but it's showing the order still in my cart despite already being paid for...

Coinbase said:
Success! Your 0.8173 BTC payment has been sent to DZMinerCoop.
Your payment completed 7 minutes ago with confirmation number 9SVI7I8N.

Update: Got the order confirmation (thank you for re-sending)

Jeez...I'm just such a pain aren't I lol

In for a couple shares.  https://blockchain.info/tx/4814249bdfd94f896598148bcb560d68331853292bbcb9325bcf14d3a4bcfc9a

what are the hosting costs?

Hosting fee: $375 per round or sub round per payout

Also as a heads up- because of the problems with R21/22, if we do not start hashing Wednesday anyone who wants is entitled to a refund from Thursday on.

And a question for yall: Do you prefer more hashrate/more $, or smaller shares with smaller hashrate?

Is there a problem with the website / checkout? I ordered a couple shares last night and got the receipt in my coinbase account, but no email and no order shows on the dzminercoop.com site. No urgency, just want to make sure I didn't get lost somewhere.

Thanks.

Can you send me a PM with your order number / name.

My personal opinion is that keeping shares around the 0.1btc mark is probably best. Too much lower and there's too much to keep track of and the shares aren't worth enough to really care; too much higher and it defeats the purpose of these shared purchases.

Any spreadsheet available online?

We might break the next R23 subround into 63 shares, with 8.1ghash, at $99.99. thoughts?

Maybe I'm being a noob, but the hosting fee and the concept of rounds/subrounds are confusing me (the rest more or less makes sense).  Let's assume for the sake of discussion I want to buy two shares. Could you please walk me through what my up-front cost will be, and how my payout will be calculated? Thanks.

Upfront costs are $132.80 per share converted to BTC at coinbases rate. A payout would look similar to this

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdGtLY0dZUDVqZUNaZ1VHajRPY1RGUFE&usp=sharing

Ah, that makes much more sense! Thanks. =)

At first I thought the hosting fee was per share, which just made me boggle. =) So it's $375 per two-week payout, divided evenly among all shares?

Yep

If I understand correctly, the $375 fee be divided on a maximum of 50 shares. So we will be charged a minimum of $7.5 per share per payout if all 50 shares are sold. Correct?

Each share pays $7.5 per payout

..............

Shares paid for via webiste -- count me in.   ;D

paid for 2 shares via website coinbase

Purchased and paid via Coinbase

Will a google spreadsheet be setup for us to follow payouts/shares etc? Thanks and keep up the good work!

"Share This: I just paid DZMinerCoop in bitcoin using @Coinbase! https://coinbase.com/checkouts/52de925b9750de2de80000bb "

Yup yup!

This round is closed and will begin hashing tomorrow.


R24 will be used for the newer price / amount of hashpower.

Has this started yet?  How do we know its' progress?

They just started hashing about 5minutes ago.

Wicked :D  Any stats page?

I second that, any stats/updates? 

Its up on the backup site links on the new site on the top

are shares still available?  looks like I can purchase on the website still.

I just bought into R23 based on the high recs you guys have and some personal recs that were made to me...

I just looked at the stats and ran some calculations and I am worried I may have made a mistake with this one.  Please don't take this the wrong way.. I am not trying to flame anyone here; I should have asked these questions before buying and I take full responsibility if my $$ are lost.  But I know dz has a great rep so I was really surprised when I ran numbers (yes, *after* I purchased I know this was ass-backwards).  I am just trying to understand if I made a bad investment - and to learn from it if so.  If my assumptions or calculations are wrong (I hope they are), please tell me! 

From the stats page .. it looks like R23 is earning only about 0.1152 BTC per day gross and has earned even less - a total of .5772 - during the past 7 days to date (Jan 22-28).  At that rate, R23 will have only about .9228 gross BTC at the end of the month in 3 days.

1) Will there be a payout on Feb 1?  I hope not, because is there is it appears that hosting (and to a much lesser extent management fees) will consume about 50% of the revenue (or will this be pro-rated for the partial month)?     

2) .1152 BTC per day seems really low for 540 Gh/s of hashing power.  I have a 150 Gh/s (partially defective) btmine hasher and 2 180 Gh/s antminer s1's that I just put up yesterday and they earned almost .19 BTC in the past 24 hours - they have about the same hashing power as this GB (550 - 560 Gh/s) (running a mix of Eligius, 50btc, Ghash and Slush's pools).  Also, the statistical (long run average) return should be closer to .248 BTC per day, according to the calculators.  Are there any reasons why is the per diem return is seemingly so low on the R23 miners, and should we expect that this will represent future performance?

3) I am concerned about the hosting fee .. at $700 per month, it appears that there will not be any profit at all in R23 even with the best assumption of per diem earnings (.248 per day).  I ran the calculator out for 90 days (so there would be exactly $2,100 of hosting fees, assuming pro-ration for partial months) and it looks like the entire profit margin of the R23 will be eaten up by the hosting fees!  And that is assuming the much higher statistical rate of .248 BTC/day under the current difficulty .. if we are only getting .1152 its going to be loss of over $1,000 (for the entire round).  Worse, after only two more difficulty increases the revenue from these machines probably won't be enough to pay hosting fees and I assume the round is shut down then and our capital is lost (which would be the end of February I think). 

FWIW, the calculator I use is the webified version of Zodiac1233's calculator (http://bitcoindetailedcalculator.appspot.com/) taking the entire round at once.  Output from this app follows my Q4 below. 

4) If my numbers are correct, this round seems to only make sense if there were a LOT more hashing power for the same hosting fee.. I just don't see how 540 Gh/s is going to cut it with $700 a month in hosting fees at least at these difficulty levels.  Is there any way to add to this round (more Gh/s) without increasing hosting fees substantially?

Here is the output from the above-referenced calculator:

For these values ...

     MHash : 540000.0
     Difficulty : 2.193847870174279E9
     Days : 120
     Change : 1.32
     Watt : 0.0
     Electricity cost (USD/kwh) : 0.0
     USD/BTC rate : 850.0
     Equipment / contract (USD): 6640.0

You can expect ...

     Day 1: +0.248 BTC, Difficulty: 2193.848M, 0.248 BTC
     Day 2: +0.248 BTC, Difficulty: 2193.848M, 0.495 BTC
     Day 3: +0.248 BTC, Difficulty: 2193.848M, 0.743 BTC
     Day 4: +0.248 BTC, Difficulty: 2193.848M, 0.990 BTC
     Day 5: +0.248 BTC, Difficulty: 2193.848M, 1.238 BTC
     Day 6: +0.248 BTC, Difficulty: 2193.848M, 1.485 BTC
     Day 7: +0.248 BTC, Difficulty: 2193.848M, 1.733 BTC
     Day 8: +0.248 BTC, Difficulty: 2193.848M, 1.981 BTC
     Day 9: +0.248 BTC, Difficulty: 2193.848M, 2.228 BTC
     Day 10: +0.248 BTC, Difficulty: 2193.848M, 2.476 BTC
     Day 11: +0.188 BTC, Difficulty: 2895.879M, 2.699 BTC
     Day 12: +0.188 BTC, Difficulty: 2895.879M, 2.887 BTC
     Day 13: +0.188 BTC, Difficulty: 2895.879M, 3.075 BTC
     Day 14: +0.188 BTC, Difficulty: 2895.879M, 3.262 BTC
     Day 15: +0.188 BTC, Difficulty: 2895.879M, 3.450 BTC
     Day 16: +0.188 BTC, Difficulty: 2895.879M, 3.637 BTC
     Day 17: +0.188 BTC, Difficulty: 2895.879M, 3.825 BTC
     Day 18: +0.188 BTC, Difficulty: 2895.879M, 4.012 BTC
     Day 19: +0.188 BTC, Difficulty: 2895.879M, 4.200 BTC
     Day 20: +0.188 BTC, Difficulty: 2895.879M, 4.387 BTC
     Day 21: +0.188 BTC, Difficulty: 2895.879M, 4.575 BTC
     Day 22: +0.142 BTC, Difficulty: 3822.561M, 4.727 BTC
     Day 23: +0.142 BTC, Difficulty: 3822.561M, 4.869 BTC
     Day 24: +0.142 BTC, Difficulty: 3822.561M, 5.011 BTC
     Day 25: +0.142 BTC, Difficulty: 3822.561M, 5.153 BTC
     Day 26: +0.142 BTC, Difficulty: 3822.561M, 5.295 BTC
     Day 27: +0.142 BTC, Difficulty: 3822.561M, 5.437 BTC
     Day 28: +0.142 BTC, Difficulty: 3822.561M, 5.579 BTC
     Day 29: +0.142 BTC, Difficulty: 3822.561M, 5.721 BTC
     Day 30: +0.142 BTC, Difficulty: 3822.561M, 5.863 BTC
     Day 31: +0.142 BTC, Difficulty: 3822.561M, 6.006 BTC
     Day 32: +0.108 BTC, Difficulty: 5045.780M, 6.141 BTC
     Day 33: +0.108 BTC, Difficulty: 5045.780M, 6.249 BTC
     Day 34: +0.108 BTC, Difficulty: 5045.780M, 6.357 BTC
     Day 35: +0.108 BTC, Difficulty: 5045.780M, 6.464 BTC
     Day 36: +0.108 BTC, Difficulty: 5045.780M, 6.572 BTC
     Day 37: +0.108 BTC, Difficulty: 5045.780M, 6.680 BTC
     Day 38: +0.108 BTC, Difficulty: 5045.780M, 6.787 BTC
     Day 39: +0.108 BTC, Difficulty: 5045.780M, 6.895 BTC
     Day 40: +0.108 BTC, Difficulty: 5045.780M, 7.003 BTC
     Day 41: +0.108 BTC, Difficulty: 5045.780M, 7.110 BTC
     Day 42: +0.108 BTC, Difficulty: 5045.780M, 7.218 BTC
     Day 43: +0.082 BTC, Difficulty: 6660.429M, 7.311 BTC
     Day 44: +0.082 BTC, Difficulty: 6660.429M, 7.392 BTC
     Day 45: +0.082 BTC, Difficulty: 6660.429M, 7.474 BTC
     Day 46: +0.082 BTC, Difficulty: 6660.429M, 7.555 BTC
     Day 47: +0.082 BTC, Difficulty: 6660.429M, 7.637 BTC
     Day 48: +0.082 BTC, Difficulty: 6660.429M, 7.718 BTC
     Day 49: +0.082 BTC, Difficulty: 6660.429M, 7.800 BTC
     Day 50: +0.082 BTC, Difficulty: 6660.429M, 7.881 BTC
     Day 51: +0.082 BTC, Difficulty: 6660.429M, 7.963 BTC
     Day 52: +0.082 BTC, Difficulty: 6660.429M, 8.044 BTC
     Day 53: +0.082 BTC, Difficulty: 6660.429M, 8.126 BTC
     Day 54: +0.062 BTC, Difficulty: 8791.767M, 8.189 BTC
     Day 55: +0.062 BTC, Difficulty: 8791.767M, 8.250 BTC
     Day 56: +0.062 BTC, Difficulty: 8791.767M, 8.312 BTC
     Day 57: +0.062 BTC, Difficulty: 8791.767M, 8.374 BTC
     Day 58: +0.062 BTC, Difficulty: 8791.767M, 8.436 BTC
     Day 59: +0.062 BTC, Difficulty: 8791.767M, 8.497 BTC
     Day 60: +0.062 BTC, Difficulty: 8791.767M, 8.559 BTC
     Day 61: +0.062 BTC, Difficulty: 8791.767M, 8.621 BTC
     Day 62: +0.062 BTC, Difficulty: 8791.767M, 8.683 BTC
     Day 63: +0.062 BTC, Difficulty: 8791.767M, 8.745 BTC
     Day 64: +0.047 BTC, Difficulty: 11605.132M, 8.801 BTC
     Day 65: +0.047 BTC, Difficulty: 11605.132M, 8.848 BTC
     Day 66: +0.047 BTC, Difficulty: 11605.132M, 8.895 BTC
     Day 67: +0.047 BTC, Difficulty: 11605.132M, 8.941 BTC
     Day 68: +0.047 BTC, Difficulty: 11605.132M, 8.988 BTC
     Day 69: +0.047 BTC, Difficulty: 11605.132M, 9.035 BTC
     Day 70: +0.047 BTC, Difficulty: 11605.132M, 9.082 BTC
     Day 71: +0.047 BTC, Difficulty: 11605.132M, 9.129 BTC
     Day 72: +0.047 BTC, Difficulty: 11605.132M, 9.175 BTC
     Day 73: +0.047 BTC, Difficulty: 11605.132M, 9.222 BTC
     Day 74: +0.047 BTC, Difficulty: 11605.132M, 9.269 BTC
     Day 75: +0.035 BTC, Difficulty: 15318.775M, 9.307 BTC
     Day 76: +0.035 BTC, Difficulty: 15318.775M, 9.343 BTC
     Day 77: +0.035 BTC, Difficulty: 15318.775M, 9.378 BTC
     Day 78: +0.035 BTC, Difficulty: 15318.775M, 9.414 BTC
     Day 79: +0.035 BTC, Difficulty: 15318.775M, 9.449 BTC
     Day 80: +0.035 BTC, Difficulty: 15318.775M, 9.485 BTC
     Day 81: +0.035 BTC, Difficulty: 15318.775M, 9.520 BTC
     Day 82: +0.035 BTC, Difficulty: 15318.775M, 9.556 BTC
     Day 83: +0.035 BTC, Difficulty: 15318.775M, 9.591 BTC
     Day 84: +0.035 BTC, Difficulty: 15318.775M, 9.626 BTC
     Day 85: +0.027 BTC, Difficulty: 20220.783M, 9.661 BTC
     Day 86: +0.027 BTC, Difficulty: 20220.783M, 9.688 BTC
     Day 87: +0.027 BTC, Difficulty: 20220.783M, 9.714 BTC
     Day 88: +0.027 BTC, Difficulty: 20220.783M, 9.741 BTC
     Day 89: +0.027 BTC, Difficulty: 20220.783M, 9.768 BTC
     Day 90: +0.027 BTC, Difficulty: 20220.783M, 9.795 BTC
     Day 91: +0.027 BTC, Difficulty: 20220.783M, 9.822 BTC
     Day 92: +0.027 BTC, Difficulty: 20220.783M, 9.849 BTC
     Day 93: +0.027 BTC, Difficulty: 20220.783M, 9.876 BTC
     Day 94: +0.027 BTC, Difficulty: 20220.783M, 9.902 BTC
     Day 95: +0.027 BTC, Difficulty: 20220.783M, 9.929 BTC
     Day 96: +0.020 BTC, Difficulty: 26691.433M, 9.953 BTC
     Day 97: +0.020 BTC, Difficulty: 26691.433M, 9.973 BTC
     Day 98: +0.020 BTC, Difficulty: 26691.433M, 9.993 BTC
     Day 99: +0.020 BTC, Difficulty: 26691.433M, 10.014 BTC
     Day 100: +0.020 BTC, Difficulty: 26691.433M, 10.034 BTC
     Day 101: +0.020 BTC, Difficulty: 26691.433M, 10.054 BTC
     Day 102: +0.020 BTC, Difficulty: 26691.433M, 10.075 BTC
     Day 103: +0.020 BTC, Difficulty: 26691.433M, 10.095 BTC
     Day 104: +0.020 BTC, Difficulty: 26691.433M, 10.116 BTC
     Day 105: +0.020 BTC, Difficulty: 26691.433M, 10.136 BTC
     Day 106: +0.020 BTC, Difficulty: 26691.433M, 10.156 BTC
     Day 107: +0.015 BTC, Difficulty: 35232.691M, 10.172 BTC
     Day 108: +0.015 BTC, Difficulty: 35232.691M, 10.187 BTC
     Day 109: +0.015 BTC, Difficulty: 35232.691M, 10.203 BTC
     Day 110: +0.015 BTC, Difficulty: 35232.691M, 10.218 BTC
     Day 111: +0.015 BTC, Difficulty: 35232.691M, 10.234 BTC
     Day 112: +0.015 BTC, Difficulty: 35232.691M, 10.249 BTC
     Day 113: +0.015 BTC, Difficulty: 35232.691M, 10.265 BTC
     Day 114: +0.015 BTC, Difficulty: 35232.691M, 10.280 BTC
     Day 115: +0.015 BTC, Difficulty: 35232.691M, 10.295 BTC
     Day 116: +0.015 BTC, Difficulty: 35232.691M, 10.311 BTC
     Day 117: +0.012 BTC, Difficulty: 46507.153M, 10.325 BTC
     Day 118: +0.012 BTC, Difficulty: 46507.153M, 10.337 BTC
     Day 119: +0.012 BTC, Difficulty: 46507.153M, 10.348 BTC
     Day 120: +0.012 BTC, Difficulty: 46507.153M, 10.360 BTC

    TOTAL RETURN (BTC) : 10.36005884

    TOTAL RETURN (USD) : 8806.05

    TOTAL ELECTRICITY (KWH) : 0.0

    TOTAL ELECTRICITY COST (USD) : 0.00

    EQUIPMENT / CONTRACT COST (USD) : 6640.00

    TOTAL PROFIT (USD) : 2166.05
 

1) There will be a payout on the 1st, management fee's are taken as a percentage after hosting is paid, hosting is paid twice a month. As this round started on January 23rd hosting only needs to be paid from the 23rd to the 1st of February which only comes out to $175 converted to BTC when payouts are getting done. Pro rating is only done in this instance, every other payout will be 1/2 the monthly fee on the 1st and 15th (this references to February where it only has 28 days)

2) This is data from BTCGuild, we have no control over it, that number can jump or go down depending on the number of blocks found.

3) As of now it looks like there is about a 0.005xxBTC per share based on the BTC deposited into the payout account. It'll be a small payout but its still only ~ 7 days of hashing.

4) More hashrate equals more hosting fee's, unless new hardware comes out that uses less electricity the hosting won't be able to be lowered.

Where is this stats page?  All I can find is this http://www.crypto-ops.com/?page_id=1506 on the archived site.  I'd like to make sure my wallet is accurate, and watch it whir.

WORKER 1 HASH RATE       0 Gh/s   o_O;;

Has there then any payouts on this GB yet?  I do not see my address on the spreadsheet there.

Private message me your order# and I'll look into it, payout doesn't happen until sometime on the 1st.

Could we have a breakdown of the payout here? Perhaps a post every payout explaining what each share gets and why?

I received a payout but it was significantly less than it should be for the 6 shares I own...

Total BTC up until last night: 0.975559
BTC per share: 0.01951118
I've got six shares 0.01951118*6 = 0.11706708

Hosting which was stated to be 175USD for this first payout = (175/50) *6 = 21 USD = aprox 0.0257 BTC

So my payout should, in theory, be 0.11706708 - 0.0257 = 0.09136708 BTC

Not sure when management fees are taken (2.5%) but I am still way off that in the payout.

I received 0.03255827 BTC which is a a little over a third of what I'd expect it to be.

Please let me know if my maths is off....

https://blockchain.info/address/1CSb2NgfnxtvqDFWzTsaNX2qLmku7kZ1EX sees a value of total payout which seems correct, but my share was definately not correct...

Thank you nonetheless and keep up the good work!

Extra info: My order is R206531661, for 6 shares.  My payout address is 16hShVrnwQNebA1PDFduKkLjEv3fwPi5Yb.

The payout spreadsheet can be found here and contains a breakdown of everything.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdGI2ZGNZcnRYQ0l5b25Qb1hLVVFpR2c&usp=sharing

thomas_s thanks for the spreadsheet!

I'm still confused though because your R23 stats page http://www.crypto-ops.com/?page_id=1506 says it has mined 1.043676 BTC and not 0.5.

Am I missing something here?

Payouts are only given on whats in the wallet at the time of payout, only 0.5 BTC was in the wallet at that time

OK, so it takes 2-3 days for a miners payout to make it into the wallet?  Because transaction fees are set to 0?

Thanks for the explanation, as always, the more information we get, the easier your job should be :)

Cheers!

All rounds currently have their payouts set to 0.50 BTC (meaning BTCGuild will send when the account hits 0.50), as for the transaction fees being set to 0 I'm not sure what you mean, depending on luck that's about 4-5 days.

I also do the payouts for the rounds in the same way, and are usually sent one after the other from this address

148XTAJwjLCyUifimiPfPagzYuCoWikDAA

If people want the transaction ID's I can post them but it would be a few days after each payout because they get sent in a chain.

I am open to sending all payouts at once tho, should limit transaction fees required, but then payout addresses that are used on multiple rounds will be combined into one send. Benefits of one send are its a larger transaction which should decrease the amount of time waiting for confirms.

thomas_s: everything is 100% clear now.  When you said you could only pay us what was in the wallet, I thought that because of transaction fees being at zero at a pool that it was taking some time to arrive at the wallet.  It makes a lot more sense how you explained it, that money is xfered every 0.5 btc from the pool.  For you this was obvious, to me it was wizardry :)

thanks for the info and now I just watch and hope the op breaks even ! Thanks!

0gh/s currently?

It'll be already very hard to break even... Not becoming any easier 0_o

Still at 0gh/s!  Bumping for visibility.

Hardware failure? Is there compensation for this period of 24hours without mining?

thomas_s?

By the way, what hardware is this mining on? We haven't even received that information....

R24 has now made more BTC than R23 somehow and R23 started a few days before...

:\

Seems to be back up now but doing 490gh/s ? 10.8gh/s * 50 shares = 540gh/s

hardware issues? More info always better than less....

R24 has slightly better gear, which increases its hashrate, R23's gear seems to be lower, also a dying power supply / dead power supply helped R23 (23 started only 1 day before R24)

Antminers



PSU failure, I was thinking of compensating for the downtime but I thought it would be more beneficial to just swap out a new PSU instead. My thoughts: ~$100 downtime compensation for lost hashrate or ~$200 fee for a replacement PSU.


The management fee will be lowered slightly to increase the estimated total hashing, right now its above 500 it depends on what the gear is doing.

Great! Sounds good!

Any chance you can break down the hosting costs for us?  Sounds a little high without knowing what costs what...

GROSS REVENUE       0.352141

Being reported incorrectly?

Was 1.762829 BTC yesterday, today it's back to 0.352 ?!

0gh/s again....

Management fee was not reduced (according to the official spreadsheet).

Am I the only investor in this GroupBuy that is following this at all??

0Ghz...  I hope the hardware isn't down again.

I noticed the price on the Hosting is higher than .5 but then again BTC is down $200+ from the first payout. 

Anyone else not get paid today? 

I think you guys may be looking at an older version of the spreadsheet?. It looks like it has been corrected to me and hosting is less than .5. Still would be nice if there was an option to pay hosting fees with Paypal. BTC is going to go back up.

I was not paid on any DZMC rounds today. (yet)

Thanks TechByPC, I was worried I was skipped.

Looks like they did correct the hosting but we're still at 0Ghz for mining, perhaps may be why things are a little slow.  (hopes)

Very sorry about that more details are on page ~43 of R17 but had a wisdom tooth removed yesterday and passed out a few hours ago, payouts are going out now based on when the sheet was finished. (also its still 11PM in CA)

no problem thomas_s hope you feel better soon! payout was received!

we've been at 0gh/s for a day now though... more power supply issues??

Argh, still at 0gh/s.... The odds of this breaking even were incredibly small already but now with days going by at 0gh/s I might as well give up.

For the sake of your sanity, that's my recommendation.

Been mining at 300-350gh/s for the last day or more perhaps?

Problems with machine?

Should have done average of 0.21 BTC in the last three days.... Mined only 0.1..

Machine broken?

In the last day or so my personal farm has gone from .91 to .634 on btcguild, currently luck is not in our favor today.  :(

But tomorrow should be back. 

unfortunately luck is not the issue here.  stats page (http://www.crypto-ops.com/?page_id=1506) has listed 300-360gh/s for the last 48 hours or so which means we aren't operating at full power.

still waiting to hear if it's a hardware issue or what it could be....

After some troubleshooting and attempts to fix R23_1 we've come to the conclusion its a bad control board.

We will have a replacement delivered later this afternoon.

Thanks for the update.  The price of BTC is really killing this group buy... Hosting fees are basically taking all the BTC.

Keep up the good work!

More hardware issues? Hashing at 416.44 Gh/s....

Can we explore the idea of selling the miner? Not sure if we will ever ROI with these management fee costs and price of BTC....

423.617 Gh/s

and stats page says gross 0.047451 BTC.....

sell the hardware not an option??

We can sell each machine for 1.01 BTC. The total would be 3.03BTC for this GB.

Quite disappointing results for this group buy.

I paid BTC0.163025 per share (got 4) so if we sell the miners now the return will be around BTC0.10 per share.

As far as i'm concerned we leave it as it is and hope for a higher BTC price. But maybe, economic wise it's better to sell. I'm not sure and didn't do any calculations.

Run it until the end of the month and sell it then? Two more payouts then sell?

Think thats our best chance... Unless fees come down for downtime of 400gh/s runs, no chance of ROI in btc...  

I vote two payouts more then sell.

Could the management cost be explained to us?  It's what is killing the shareholders margins and it seems quite high... Appreciate an explanation!

Agree but we are definitely very close to the edge of selling versus operating.  There have been too much downtime, too early, and the drop in BTC has compounded the issue.  At most another couple of rounds, maybe after next.  Prices for the S1's are dropping so fast at the same time, that selling may not get us much in a few weeks.  That is my vote anyway, and I wouldn't be opposed to selling now if there was a groundswell for that.

Shall we put this up for a vote? I say sell as soon as possible. One more payout at the end of this month then sell (if we can get 3btc total then?).  If not, sell now!

Not sure what the best method of getting a vote going is?  Should be fast though as every day counts here....

I vote to sell.

Like everyone else, i'm not too happy the hosting fees are taking all our profits.  I'm still hoping we'll get a bump in btc price, but if it comes to selling I'll vote that way as well. 

I am going to cut the hosting fees for R22/23/24 25% from here on out. I was able to swap the PSUs for more efficient ones at no cost. Or, we can keep the hosting fees the same and OC each machine adding an extra ~12% to performance.

That's great bobsag3, but I think for us this is too little too late.  Earlier on this might make a difference but this won't increase our ROI much as it's starting to make less and less by the day. 

I still vote sell.

If we can still sell the miners for BTC3.03 we should do so. This wil bring us BTC0.0606 per share. Even with lowered hosting fees it will take about a year of mining to achieve, which will never happen. And I don't expect de price of a bitcoin to rise in the short term.

So I vote for a sell as well. (i've got 4 shares BTW)

I was hoping to increase my Bitcoin stash but the lesson learned is to some research before buying, like this user did:
https://bitcointalk.org/index.php?topic=411877.msg4812745#msg4812745

hi bob, hows about R21? any discount on hosting fee.
might want to sound off so others may want to vote to sell as well. thanks

Goes for R21 as well, just left it off.

I vote sell with my 6 shares! So my 6 plus Pimd's 4 shares makes 10 total shares voting for SELL.

Next person to cast their vote add up the total share count!

How much do we need for selling? more than 50% shares voting sell?

Yes more than 50% to sell.

thomas_s: any way to pm all of the members of this group buy?  or send e-mail?

Members of this group buy, VOTE! Sell?!

Anyone?! We should really sell this in 6 days after the next payout!!!!

Yes, after next payout I would vote to sell (assuming voting counts at all)

Sell Sell Sell...

6 shares from me patriks
4 from pimd

10 shares vote sell.  Copy paste this and add your share count to your post when casting your vote!

thomas_s: can you see the shares of those who voted and see how close we are?

Can't you make an executive decision to sell? Without a doubt this will yield the biggest ROI for all!!!

I can confirm votes but in order to do that I will need to also know the payout address.

Argh but share holders don't vote, can't you make an executive decision on behalf of those who voted ? Everyone that DID vote said to sell. 

We are missing a great chance to make back some of our losses.  There is no way we make that back if we keep mining... Time is running out and shareholders just don't check the forum enough....

Last ditch effort:

SHARE HOLDERS, WE CAN STILL MAKE SOME EXTRA BITCOIN IF WE SELL THESE DEVICES.  IF WE LET THEM RUN WE WON'T BE PROFITABLE ANYMORE AND MANAGEMENT WILL TAKE ALL THE PROFIT (because the generated BTC will be extremely low and close to management fees)

PLEASE VOTE TO SELL AND SPECIFY YOUR AMOUNT OF SHARES

I'm on board with selling with my 5 shares

X shares from MakuSoto
X shares from eightcylinders
X shares from EzCheese votes to sell if it comes down to it
6 shares from me patriks
4 from pimd
5 shares from drmadison

Total 15 shares vote sell

VOTE VOTE VOTE.  State your shares so we can tally it!

Sell for me please. 

X shares from MakuSoto
X shares from eightcylinders
3 shares from EzCheese
6 shares from me patriks
4 from pimd
5 shares from drmadison

Total 18 shares vote sell

It's too bad we don't have an option to send them to someone who would host it for the cost of electricity.

X shares from MakuSoto
X shares from eightcylinders
3 shares from EzCheese
6 shares from patriks
4 from pimd
5 shares from drmadison
2 shares from TechByPC

Total 20 shares vote sell

MakuSoto & eightcylinders please post your number of shares in this gruop buy!

If they add up to 5 or more then we have majority vote!!!

SELLLLLLLLLLLLLLLLLLLLLLLLLLLL :)

only 1 share here

It's too bad we don't have an option to send them to someone who would host it for the cost of electricity.

X shares from MakuSoto
X shares from eightcylinders
3 shares from EzCheese
6 shares from patriks
4 from pimd
5 shares from drmadison
2 shares from TechByPC

Total 20 shares vote sell

I'm concerned. This has been going on too long.

1 shares from MakuSoto
X shares from eightcylinders
3 shares from EzCheese
6 shares from patriks
4 from pimd
5 shares from drmadison
2 shares from TechByPC

Total 21 shares vote sell

railzand&tongxiaoniu if you vote to sell the miner then please state the number of shares you have in the group buy! We need 4 more votes to sell the miners and get some more money back! not full ROI but as close as possible!

sorry I have no shares in this round. but am generally an avid dzmc supporter

I only doubt that we wil still get BTC1.1 for a miner. What will the price be if we sell one of these days?

Minersource is still selling them for $559 which is 1.21 BTC at the moment. I don't know why people are buying these at a premium from a reseller, but I'm not going to complain.

true, in this case the low price op BTC is an advantage and an extra reason to sell quick. My goal for mining was just to make som extra coins. 

eightcylinders has 10 shares and votes to sell

1 shares from MakuSoto
10 shares from eightcylinders
3 shares from EzCheese
6 shares from patriks
4 from pimd
5 shares from drmadison
2 shares from TechByPC

Total 31 shares vote sell

We have majority! thomas_s SELL SELL SELL! :)

This round will be sold at 0.90. BTC each ant tomorrow, payouts will be delayed to ensure all shifts are paid

Was there a payout from this group or R24?

also that was 2 shares that I bought.

R21-24 were all paid in the same transaction when I get home I can link the transaction as well as each of the spreadsheets that shows how much each address was paid per round instead of combined

can confirm I've received my share of the payout.

thanks for the hard work thomas_s but with the BTC price going down, this was simply impossible to break even.  we appreciate the work you put in to make it work and run the group buy anyway and I look forward to future DZ group buys!

Cheers!