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3321  Bitcoin / Group buys / Re: [OPEN] Hash Fast pre-order units mining shares 4Th/s 3936/4000 shares available on: August 09, 2013, 02:18:11 PM
Please post your calculations.

Estimated mining power by October:

Minimum: 100TH AM + 100TH Avalon + 300TH Avalon chips + 200TH Bitfury + 300TH BFL = 1PH
Realistic: 300TH AM + 100TH Avalon + 500TH Avalon chips + 500TH Bitfury + 1PH BFL + 500TH KNC = 3PH (actually up to 5 or 6 with all upcoming hardware)

Revenue per GH per day: from 1 to 4 mBTC

Lifetime revenue:
The very best case (totally unrealistic) scenario: 1PH by October and 10x growth per year after that: 0.6 BTC/GH
Much more realistic case: 3PH by October and 100x growth per year after that: 0.1 BTC/GH
The worst case: 6PH by October and 1000x growth per year after that: 0.03 BTC/GH

fantastic and thanks!

How does someone new to BTC with an Investment say on a scale of 20-999 GH/s make sense of it so they can make wise Investment choices in the GH/s market.
3322  Bitcoin / Hardware / Re: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s on: August 09, 2013, 01:06:32 PM
...
If KnC ships, HashFast customers are screwed.
If HashFast ships, then Cointerra customers are screwed. 

The only way they can make a profit is by going for extremely high volume.
...

+1
If none of them ship, all the customers are screwed.
If *all* of them ship, all the customers are screwed too! 

The only meaningful win:
The horse you back wins, the others drop out of the race. 

What we need is BTC to go above 200 again!   
Exactly.
It has to otherwise the entire concept does not work.
 Wink
3323  Bitcoin / Group buys / Re: [OPEN] Hash Fast pre-order units mining shares 4Th/s 3936/4000 shares available on: August 09, 2013, 12:08:45 PM
Can somebody please provide the calculations on this investment
showing ROI after Increased difficulty and October/Early November delivery?

I've been pondering the same thing. The question you have to ask yourself is what do you think the average rate of difficulty increase you expect to see? To me it seems that we are entering explosive difficulty growth. The next difficulty increase to hit looks to be about 30%. If that is sustained you are looking at 50-60% growth per month. While not perfect I found a good calculator I like to use. It would be nice if it did more than monthly difficulty increases but it's close enough for rough numbers.

You can find it here: btcinvest calculator

I plugged some numbers in and assuming 50% difficulty growth per month you would get about a 66% return on your .15 btc invested over one year. ROI would be achieved after nine weeks of hashing assuming it starts on November 1. So you are looking at ROI, with these assumptions, by January 1.

You can find the calculator with the parameters I used here: btcinvest assumptions.

The two major factors here are of course delivery time and difficulty.

I'm very tempted to jump in on this. I'll probably make a decision early next week but wouldn't be able to get funds for many days.

http://mining.thegenesisblock.com/


Wow. I didn't realize that the current 30 day average was 75%. It looked to me it was more in the 60% range. Anything north of 65% quickly becomes a money pit. Thanks for showing me that.

What changes this is BTC price.
IMO fair value is over 125USD per share and quickly becoming justified to hit the 200+ range.
3324  Bitcoin / Group buys / Re: [OPEN] Hash Fast pre-order units mining shares 4Th/s 3936/4000 shares available on: August 09, 2013, 11:41:20 AM
Can somebody please provide the calculations on this investment
showing ROI after Increased difficulty and October/Early November delivery?

I've been pondering the same thing. The question you have to ask yourself is what do you think the average rate of difficulty increase you expect to see? To me it seems that we are entering explosive difficulty growth. The next difficulty increase to hit looks to be about 30%. If that is sustained you are looking at 50-60% growth per month. While not perfect I found a good calculator I like to use. It would be nice if it did more than monthly difficulty increases but it's close enough for rough numbers.

You can find it here: btcinvest calculator

I plugged some numbers in and assuming 50% difficulty growth per month you would get about a 66% return on your .15 btc invested over one year. ROI would be achieved after nine weeks of hashing assuming it starts on November 1. So you are looking at ROI, with these assumptions, by January 1.

You can find the calculator with the parameters I used here: btcinvest assumptions.

The two major factors here are of course delivery time and difficulty.

I'm very tempted to jump in on this. I'll probably make a decision early next week but wouldn't be able to get funds for many days.

ROI is questionable on these units because of uncertain factors.  Canary put in an order totaling roughly $56000 and is collecting BTC (if all shares sell, with current BTC price) to the tune of $60000 (assuming this covers their shipping as well).  This also means that Canary achieves instant ROI if all shares sell, meanwhile folks buying shares will get dividends and may reach ROI.  It's a tremendous bet to make right now, especially with Avalon (if we can trust them anymore Cheesy) saying they'll have new hardware in the same timeframe this is being delivered.

OK, so figure 3,500 shares with a fee of .05 that is 15,000.00
Don't get me wrong.
I'd love to jump in this GB and I don't mind someone making a buck.
Just want to see some compelling evidence on ROI.
3325  Bitcoin / Group buys / Re: [OPEN] Hash Fast pre-order units mining shares 4Th/s 3936/4000 shares available on: August 09, 2013, 11:39:30 AM
Can somebody please provide the calculations on this investment
showing ROI after Increased difficulty and October/Early November delivery?

Why would you trust calculations made by someone else instaed of doing your own? Also, Nostradamus haven't written what the difficulty will be in November unfortunately.

Please post your calculations.
3326  Bitcoin / Group buys / Re: [OPEN] Hash Fast pre-order units mining shares 4Th/s 3936/4000 shares available on: August 09, 2013, 11:37:21 AM
Can somebody please provide the calculations on this investment
showing ROI after Increased difficulty and October/Early November delivery?

I've been pondering the same thing. The question you have to ask yourself is what do you think the average rate of difficulty increase you expect to see? To me it seems that we are entering explosive difficulty growth. The next difficulty increase to hit looks to be about 30%. If that is sustained you are looking at 50-60% growth per month. While not perfect I found a good calculator I like to use. It would be nice if it did more than monthly difficulty increases but it's close enough for rough numbers.

You can find it here: btcinvest calculator

I plugged some numbers in and assuming 50% difficulty growth per month you would get about a 66% return on your .15 btc invested over one year. ROI would be achieved after nine weeks of hashing assuming it starts on November 1. So you are looking at ROI, with these assumptions, by January 1.

You can find the calculator with the parameters I used here: btcinvest assumptions.

The two major factors here are of course delivery time and difficulty.

I'm very tempted to jump in on this. I'll probably make a decision early next week but wouldn't be able to get funds for many days.

http://mining.thegenesisblock.com/

3327  Bitcoin / Group buys / Re: [OPEN] Hash Fast pre-order units mining shares 4Th/s 3936/4000 shares available on: August 09, 2013, 10:25:45 AM
Can somebody please provide the calculations on this investment
showing ROI after Increased difficulty and October/Early November delivery?
3328  Bitcoin / Group buys / Re: .10 promotion from ASICMiner distribution by CanaryInTheMine on: August 07, 2013, 03:07:12 AM
Hi Canary,

Just wanted to say thanks for doing this for us. I will patiently wait for my name to be called. I understand everyone can't be first.  Smiley

Thanks again,

Ch

Was just doing the same...

Is this Super Cool or what?!!!
Please thank those responsible!
 Smiley Smiley Smiley
3329  Bitcoin / Group buys / Re: [GB] KNCminer Jupiter #23 Sold [Added to 8.4 TH/s Jupiter Pool] Selling #24 on: August 06, 2013, 05:44:17 AM
MikeMike; 13; tx/8af0ce81cde66a8e6912599ba3bcafbd8e19fc8f90b03c4db944a7a91f179b45
41 total.
3330  Bitcoin / Group buys / Re: [GB] KNCminer Jupiter #21 Sold [Added to 8.4 TH/s Jupiter Pool] Selling #23 on: August 05, 2013, 12:43:05 PM
MikeMike; 3; tx/ccf7969ec68151122fa2ee1393b7e9c8cfd69249a11d73fad78eddf1820d7217
28 total.



Actually seriously in debt and trying to dig my way out...
Did a job for Walmart.
Got screwed 38K.
 Sad
3331  Bitcoin / Group buys / Re: .10 promotion from ASICMiner distribution by CanaryInTheMine on: August 05, 2013, 12:38:38 PM
I was always the last to order.
What's the chances that could be of benefit?!
 Smiley
Damn you Mike, you have enough. Step to the back of the Que...

You got issues man!!   Grin

Edit : theirs probably not enough hubs available for your next hit!!


Miiinnnnneeeerrrrrrrrrrrrrrrrrsss!....nnnnneeeeeeeeeedd....mmm..mmmmooooooooooorrree.....mmmm..mmm ,...mmmiiiiinnnnnnnerrrrrrs!
Don't worry I'm starting in order #13
3332  Bitcoin / Mining support / Re: USB ASIC ERUPTER - Setup & Config. BCG Miner, cgminer & Hubs "Oh Pi"! on: August 05, 2013, 11:58:33 AM
Here's mine up:



3 Dlink hubs - 5 erupters in each, 1 of them is daisy chained to another (raspberry pi only has 2 USB).

Running BFGMiner in Raspbian, with the Ardafruit LCD display, working perfectly.

"snipped"



Yep - well I'm going to be velcroing the hubs together, so i can transport it all if need be - so maybe I just add a layer of something inbetween to seperate them out a bit!

At the moment all of the erupters are only warm to the touch, so infinitely better than no fan at all! I'll monitor it through the day

snipped"

With the hubs touching the heat transferred to the hub itself builds up and does increase overall temp if just a smidge...
3333  Bitcoin / Group buys / Re: .10 promotion from ASICMiner distribution by CanaryInTheMine on: August 05, 2013, 11:55:59 AM
I was always the last to order.
What's the chances that could be of benefit?!
 Smiley
3334  Bitcoin / Group buys / Re: [GB] KNCminer Jupiter #21 Sold [Added to 8.4 TH/s Jupiter Pool] Selling #23 on: August 05, 2013, 11:49:00 AM
MikeMike; 3; tx/ccf7969ec68151122fa2ee1393b7e9c8cfd69249a11d73fad78eddf1820d7217
28 total.
3335  Bitcoin / Mining support / Re: USB ASIC ERUPTER - Setup & Config. BCG Miner, cgminer & Hubs "Oh Pi"! on: August 05, 2013, 11:22:59 AM
Here's mine up:



3 Dlink hubs - 5 erupters in each, 1 of them is daisy chained to another (raspberry pi only has 2 USB).

Running BFGMiner in Raspbian, with the Ardafruit LCD display, working perfectly.

"snipped"

Smart use of Fan!

Yeah, someone said the cooling wouldn't be enough, but the only thing that would be done better is a gap between the erupters - but tbh this way the air is channeled out anyway so i think its fine personally!

IF cooling is an issue you could easily update fan AND add heat sinks.
Your idea probably saves cost and electric usage of 1.1 fans per 18-21 units.
I'm also thinking a slight gap between the HUBS may be beneficial...
3336  Bitcoin / Mining support / Re: USB ASIC ERUPTER - Setup & Config. BCG Miner, cgminer & Hubs "Oh Pi"! on: August 05, 2013, 11:10:57 AM
Here's mine up:



3 Dlink hubs - 5 erupters in each, 1 of them is daisy chained to another (raspberry pi only has 2 USB).

Running BFGMiner in Raspbian, with the Ardafruit LCD display, working perfectly.

"snipped"

Smart use of Fan!
3337  Bitcoin / Group buys / Re: [GB] KNCminer Jupiter #21 Sold [Added to 8.4 TH/s Jupiter Pool] Selling #23 on: August 05, 2013, 06:38:52 AM
MikeMike; 15; tx/6e25b714d39509d985a615e77ab574a7e9f7c1c21f2aaecfc596c3afe523dd30
total 25.

nudge...
3338  Bitcoin / Group buys / Re: [GB] KNCminer Jupiter #21 Sold [Added to 8.4 TH/s Jupiter Pool] Selling #23 on: August 05, 2013, 04:01:29 AM
MikeMike; 10; tx/7ca9e018f4e851f913e7b5247aeaf9d1941f1b308c51f997aa5da81f06ffa71a

Lets get this #23 closed.
 Wink
3339  Bitcoin / Hardware / Re: BFL board project COINADO on: August 04, 2013, 05:30:40 PM
Am interested in whatever hashes most and having least problems.  Beyond 8 chips seems taking too much power.  Even Coinado board being 4 chips is working OK for me if being available when chips arrive.

Good Point...

I would use about half my chips for the 4-chip boards IF it means getting them sooner.
3340  Bitcoin / Group buys / Re: [OPEN] Block Erupter USB @ 0.20 BTC + parcel -> Shipping to anywhere! on: August 04, 2013, 11:26:04 AM
Hey, if anything at least your misleading Subject drags more people into your thread, right?



Happens to drive the price down too...
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