Tyrion70's KnC Jupiter group buy still has a number of units available. The thread for the group buy is available here. The group buy ends at 6 PM Sunday June 9th 2013 UTC. Tyrion's Group Buy Each Jupiter is rated at 350Gh/s (possible 30% more with optimization ) 1 Share gives you the right to 1/124th of the BTC proceeds from a KNC Jupiter Miner mining 24/7 for 24 months after deduction of costs for hosting. The remaining 4 shares will be owned by OP as payment for maintaining the miners My Offering I am offering 1/10 shares of Tyrion's shares, which means 1 share is worth 1/1240 of a KnC Jupiter. Each 1/1240 share will cost 0.06 which includes a 0.01 management fee. Each 1/1240 share is equivalent to about 283 Mh/s for 0.06 BTC. To purchase shares, send 0.06 BTC to the following address: Expired If you want me to confirm the users who have bought shares, post a link here to your transaction IDs. This is not required as the addresses are recorded in the blockchain, it's mainly just a convenience for users. I will update the post and list either the user name or address of those bought shares, as I purchase Tyrion shares. Payment must be made from an address that can receive funds and you fully control. As soon as that address contains 0.6 BTC, 1 Tyrion share will be ordered. For each further 0.6 BTC collected, 1 Tyrion share will be purchased. If not enough funds are collected to purchase a Tyrion share, your payment will be returned. If Tyrion is unable to purchase another Jupiter due to not selling enough shares, payments will be refunded after I'm refunded. I will not be held responsible for any losses due to Tyrion or KNC. |
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FooFighter's group buy still has a number of shares available. The thread for the group buy is available here.FooFighter's Group Buy -There will be 40 shares for 1 BTC each per device. -One share equals a hashing power of 3GH/S -The devices will be hosted by us (No hosting effort for you !) -The power costs will be subtraced from the mining earnings. -There will also be a small handling fee of 1,5% before ROI and 5% after ROI -Please note the User Akka is already provided with my identity data-> see my other community project My Offering I am offering 1/10 shares of FooFighter's shares, which means 1 share is worth 1/400 of a BitFury 120 GH/s Each 1/400 share will cost 0.11 which includes a 0.01 management fee. Each 1/400 share is equivalent to about 300 Mh/s for 0.11 BTC. To purchase shares, send 0.11 BTC to the following address: Expired If you want me to confirm the users who have bought shares, post a link here to your transaction IDs. This is not required as the addresses are recorded in the blockchain, it's mainly just a convenience for users. I will update the post and list either the user name or address of those bought shares, as I purchase Tyrion shares. Payment must be made from an address that can receive funds and you fully control. As soon as that address contains 1.1 BTC, 1 FooFighter share will be ordered. For each additional 1.1 BTC collected, 1 FooFighter share will be purchased. If not enough funds are collected to purchase a FooFighter share, your payment will be returned. If FooFighter is unable to purchase another BitFury due to not selling enough shares, payments will be refunded after I'm refunded. I will not be held responsible for any losses due to FooFighter or Metabank. |
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FooFighter's group buy still has a number of shares available. The thread for the group buy is available here.FooFighter's Group Buy -There will be 40 shares for 1 BTC each per device. -One share equals a hashing power of 3GH/S -The devices will be hosted by us (No hosting effort for you !) -The power costs will be subtraced from the mining earnings. -There will also be a small handling fee of 1,5% before ROI and 5% after ROI -Please note the User Akka is already provided with my identity data-> see my other community project My Offering I am offering 1/10 shares of FooFighter's shares, which means 1 share is worth 1/400 of a BitFury 120 GH/s Each 1/400 share will cost 0.11 which includes a 0.01 management fee. Each 1/400 share is equivalent to about 300 Mh/s for 0.11 BTC. To purchase shares, send 0.11 BTC to the following address: expired If you want me to confirm the users who have bought shares, post a link here to your transaction IDs. This is not required as the addresses are recorded in the blockchain, it's mainly just a convenience for users. I will update the post and list either the user name or address of those bought shares, as I purchase Tyrion shares. Payment must be made from an address that can receive funds and you fully control. As soon as that address contains 1.1 BTC, 1 FooFighter share will be ordered. For each additional 1.1 BTC collected, 1 FooFighter share will be purchased. If not enough funds are collected to purchase a FooFighter share, your payment will be returned. If FooFighter is unable to purchase another BitFury due to not selling enough shares, payments will be refunded after I'm refunded. I will not be held responsible for any losses due to FooFighter or Metabank. |
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Tyrion70's KnC Jupiter group buy still has a number of units available. The thread for the group buy is available here. The group buy ends at 6 PM Sunday June 9th 2013 UTC. Tyrion's Group Buy Each Jupiter is rated at 350Gh/s (possible 30% more with optimization ) 1 Share gives you the right to 1/124th of the BTC proceeds from a KNC Jupiter Miner mining 24/7 for 24 months after deduction of costs for hosting. The remaining 4 shares will be owned by OP as payment for maintaining the miners My Offering I am offering 1/10 shares of Tyrion's shares, which means 1 share is worth 1/1240 of a KnC Jupiter. Each 1/1240 share will cost 0.06 which includes a 0.01 management fee. Each 1/1240 share is equivalent to about 283 Mh/s for 0.06 BTC. To purchase shares, send 0.06 BTC to the following address: Expired If you want me to confirm the users who have bought shares, post a link here to your transaction IDs. This is not required as the addresses are recorded in the blockchain, it's mainly just a convenience for users. I will update the post and list either the user name or address of those bought shares, as I purchase Tyrion shares. Payment must be made from an address that can receive funds and you fully control. As soon as that address contains 0.6 BTC, 1 Tyrion share will be ordered. For each further 0.6 BTC collected, 1 Tyrion share will be purchased. If not enough funds are collected to purchase a Tyrion share, your payment will be returned. If Tyrion is unable to purchase another Jupiter due to not selling enough shares, payments will be refunded after I'm refunded. I will not be held responsible for any losses due to Tyrion or KNC. |
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Since you'll be offering the hosting option, and you don't believe you'll sell all the units available, you should consider selling shares of the units. There's a lot of people who simply can't participate in these group buys due to not having the funds.
For example, you want 71 BTC for each device, so 1/100 shares would cost 0.71 for BTC for 1.2 Gh/s, which a lot more people could afford. If you really want to reach the masses, you could sell 1/1000 shares for 0.071 BTC for 120 Mh/s.
Personally, I'd go with something like shares representing 1/1200 costing 0.071 BTC for 100 Mh/s with you keeping 200 shares as a management fee.
I think you'd sell a few more machines with such an offer on the table.
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Now I'm even more confused.
I hope you have your math wrong
"Each share gives the right to 1/124th of proceedings of one (1) miner. The proceedings are calculated over all miners. So if we sell 8 miners you receive 1 / (124*8 ) of proceeds of all 8 miners..."
The math works out to 1 / (992) = 0.001 shares. Note the parenthesis means to multiply 124 * 8, then do the division.
That's a terrible deal and the more miners that are added the lower the fraction of shares we get.
That would be 350 Gh/s * 8 / (124 shares * 8 ) = 2.8 Th/s / 992 shares = 2.8226 Gh/s per share. |
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Payment sent for 1 share.
Tx ID: e45336c4abe72d925c2ff9803125582f04aca95fb11553eb58c1bdaff9b0bfb2
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Is there any sort of discount for those wanting KnC to host it?
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The problem with most of these spreadsheets is for the later periods. For example, your spreadsheet assumes that the difficulty will increase by 265,669,181,621 on 13-Oct-2014. That means an increase in the network hash rate of 1.9017341e+18 h/s, that's 1,901,734.1 Th/s
I doubt that would be physically possibly even if every foundry on the planet was cranking out ASICs and there was enough labour and resources to assemble mining systems without any delay.
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what about electricity cost?
It'll actually go down as I'll no longer be mining constantly on my GPU. |
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Guess who looks like an idiot? Here's a clue, take a look in a mirror.
How's your ASIC doing? Well, since they're into August's pre-orders, it looks all set to be shipped to me by the end of July, just like I anticipated when I made my order in April. Any expectations on how the thing will do in regards of ROI? Yesterday evening a Jalapeno still represented about 0,0038% of the network, but with what we know what they've still got in their order books this percentage is going to be Satoshi-sized pretty damn fast. I'll make the following assumptions: - I start mining at the very start of a new difficulty round.
- The starting difficulty is based on a network hashrate of 500 Th/s.
- The network hash rate increases by 100 TH/s each new difficulty round.
This gives us the following data for a 5 Gh/s device: Network Hash Rate = 500 Th/s, Difficulty = 69849193.0961609, BTC/round = 0.50475000 Network Hash Rate = 600 Th/s, Difficulty = 83819031.7153931, BTC/round = 0.42062500 Network Hash Rate = 700 Th/s, Difficulty = 97788870.3346252, BTC/round = 0.36053571 Network Hash Rate = 800 Th/s, Difficulty = 111758708.953857, BTC/round = 0.31546875 Network Hash Rate = 900 Th/s, Difficulty = 125728547.57309, BTC/round = 0.28041667 Network Hash Rate = 1000 Th/s, Difficulty = 139698386.192322, BTC/round = 0.25237500 That gives a total of 2.13417113 BTC for the 6 difficulty rounds. Since I ordered in April when BTC was at it's high, I'll recoup the cost for the device and make a profit after 4 rounds. With the network hash rate at 1900 Th/s, I'd be making about the same as what I get now from my 300 Mh/s, which is still profitable. |
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How many have orders now? 3 I wish they were shipping, not true until it's in my hand. Do you have one in your hand? No. So you are spreading garbage.
They are shipping now and plenty of customers have made posts stating they've received their orders. In order for your statement to be true about BFL not shipping until you have a device in your hand, then you'd have to be the only person who has placed an order with BFL. BFL claim to be assembling and shipping August's pre-orders as we speak. That's a fact. You ignoring reality and making stupid posts is simply delusion. |
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Guess who looks like an idiot? Here's a clue, take a look in a mirror.
How's your ASIC doing? Well, since they're into August's pre-orders, it looks all set to be shipped to me by the end of July, just like I anticipated when I made my order in April. |
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They are making all that money back in preorders which will never ship. It's not free.
They're now shipping August's pre-orders, so you may want to update that nonsense and come up with a new line of garbage to spew. |
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The organization they have set up seems to only deal in BTC, and therefore could operate completely unregulated--it's not a true "charity" or 501(c)(3) non-profit. It's just made-up.
The IRS has no record of a "Bitcoin Development Fund" as a tax-exempt organization (or even anything with "bitcoin" in the name). I seriously doubt they have actually created a charity, but rather a website that claims to be a "charity," and is in reality just a project by BFL. Until I see evidence that they are truly a 501(c)(3) organization, this is totally bogus. BFL itself calls it a "project," with a web site, and not a charity. I assume that means it's entirely administered by BFL. They can literally pay whomever they want without any scrutiny by any government or other organization, or even anyone outside BFL. How is that a charity?
Now, if this "project" donates to actual tax-exempt charities, that would qualify in my mind towards the 1000 BTC donation promise. But until such time as they have donated 1000 BTC of their own profit, this "promise" is not fulfilled.
Shame on you, BFL, for such a horrible effort. The proper way to do this would have been to set up a true 501(c)(3) (preferably managed by person(s) outside of BFL), and then used Bitpay (or whatever) to donate the USD equivalent to the new organization. It needs its own EID and tax-exempt status for donations from others. It would only be able to donate to other 501(c)(3) charities, or do actual charitable work. They could have immediately satisfied the 1000BTC promise by doing that, but instead created this "pseudo-charity" under the BFL umbrella. Of course, their way lets them control (e.g. hold) the vast majority of that 1000 BTC for as long as they want.
Butterfly Labs / Bitcoin Development Fund just bought 7300 meals for the homeless |
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I just registered for PicoStocks and would like to buy shares for 100TH. I have yet to fund my account and will do so later tonight but how am i able to buy shares? When i log into my bitfunder account i can add qty and shares i want to purchase at a certain value. I don't see that on PicoStock. Any help or insight would be appreciated. Thanks.
Click on assets, then on 100th and if you are logged in there will be large buy and sell buttons in the upper right corner. Thanks for the heads up. I don't see it when i log in but i will fund my account later on and then i will see if it shows up then. I was wondering the same thing. They only showed up once I had added funds to my account. |
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Very close now!  How long do things normally take to ship from Hong Kong to the US? Less than a day it seems, as the tracking shows it already released from Customs in Cincinnati, OH (step 7).  Some guy on the street asked me if I wanted an eye test this morning. I guess I should have took him up on the offer. I was thinking it would have took a couple of weeks to arrive there. Excellent news! |
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Very close now! How long do things normally take to ship from Hong Kong to the US? |
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