Is there any way to predict what the hash rates will be in January when Cointerra is expected to ship these 1TH/s and 2TH/s units? I'm considering buying one, and I'm looking for reasons to either buy it, or not buy it. Please help me out here, I'm on the fence, and it's pretty painful. Should I expect that it's gonna be worth it? or not?
Cheers.
This might give you a raw idea of what to expect the upcoming months: https://bitcointalk.org/index.php?topic=283820.0 |
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Its fair when he wanted to lower the price since he did not think that it should be that high. On the other hand he probably KNEW that this price is too high. Since nobody than he knew that before. I bought after this 0.3BTC bidwall. I only learned about 100TH later. And i bought simply because i saw that the mine was built up at the moment. And of course i thought it will be built to 200th at least. But while i had to guess he knew that it wont.
He earned more with selling the shares than he could have gotten with its shares mining and now he could buy them back for cheap if he wanted.
So no, it doesnt look to me like a good deed.
Two things are to be taken into account though: 1. The first time he put up an ask wall other stockholders flamed him for "undercutting" the market. he made a profit selling this shares, yes. but it was the market that went crazy and without his ask walls the share prices would have skyrocketed even more. 2. Tytus always stated that it would be a 100TH mine with 200MH per share. Nothing more, nothing less. It says so in the first post of this thread, for heaven's sake. Also with a little research one could have easily found out that Metabank was in about the same timeline as the 100TH project, using the same hardware, using about the same pricing per GH as 100TH's IPO price. Which could have given a rough idea of how to price 100TH shares. (it seems like Metabank miners never made it out of Russia though) |
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Those 'many investors' were speculants and are now burnt in their greediness.
The result of a combination of bad luck and bad assessment, since prices have even been far higher afterwards and buying in at 0.3 could have given a nice ROI.
Greediness? I invested because they started to deploy. There was no mentioning that they only deploy a couple of TH. Yes, it was stupid but it would have worked out if they really would have deployed the full TH. Greediness... right... thats an investment. If your invested then your not a bit less greedy. tytus put the ask at 0.3B per shares because he lack of money to run the 100TH,how you can say those who buy the shares at 0.3B are Greediness,i do not think so!! At the time tytus put an ask at 0.3BTC people complained because it limited the rise of the share price (which later nearly hit an historical high of 0.5BTC). He could have asked for more but stated (or one of the other 100TH people, I don't remember exactly but you should find out in this thread) that the price was rising too fast and he wanted to limit its rise. He was convinced to remove his wall at 0.3BTC by people in this thread so that the price could rise again. Funny how people complain now that he sold at a price too high. +1 |
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... Future Cointerra hashrate?
I think this. But nobody heard that cointerra want to mine. And posses 30% of network. Assuming the (now removed) earlier business plan was legit, this might very well have been one of their initial goals. Remember, Cointerra didn't enter the scene until quite a while after they collected investment money from the likes of Picostocks. However the question is - where do they stand now? |
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How convenient. For KNC.
Then they should have been charging much less than they were. That didn't stop Avalon from shipping psu's with my order. Came without a hitch or extra charge.
We're not talking about convenience here, we're talking about a fact. It's good to hear that your Avalons arrived with their PSUs without any problems, but customs in other countries can be a bitch in this regard. Not sure how a cost of USD 100-250,- for a PSU would result in charging "much less". That's not even 5% of the price of a first batch Jupiter. Also, what if you already happen to have a proper PSU at home, say, from a previous mining rig? Congrats, you just paid USD 250,- extra for a PSU you didn't need. Like I said, nothing wrong with HashFast now adding a proper PSU to their miner, as long as they are aware of regulatory specifications outside of the US (e.g. the CE markings in Europe). It's just rather meaningless to say a USD 7000,- device is overpriced for not adding a USD 250,- PSU. If you pay USD 7000,- for a device and get a USD 250,- PSU for "free" it just means you could have probably just gotten the device for USD 6750,- without the PSU. That's the thing with "free" and "included" things. You pay for it either way. |
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soooo... with the business plan being outdated and removed, what is the current business plan? What is it that people are buying here? Profits from Cointerra sales? Future Cointerra hashrate?
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ok im going to chime in here with some thoughts...
Thank you for writing this up, haven't been following Labcoin for a few weeks and didn't have the heart to read through pages of... whatever you may call this thread. |
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but it's not an insignificant point to highlight considering KNC wouldn't even include a PSU and then made you pay $7000.
along with fans, smoke alarms, fire extinguishers, etc.
The main reason for KNC not including a PSU was that shipping PSUs across borders can cause unforeseen delays due to regulatory security requirements regarding power supplies. As a customer you are paying for the PSU either way. Even if it's included in the price it's still the customer's money. Edit: I'm not saying that HashFast is doing something wrong by including the PSU, just saying that I don't see much of a point in this statement. |
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Nice. Thank you, pidobir!
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Oh fuck. Any additional details? If they're still on track that'll be an additional 1,500TH+ by the end of November from BTCGarden alone, holy shit... |
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Voltmod... hmm cooling sufficient? Stable? 15-20% is huge... and any delays and problems at current increasing difficulty... we get lucky if we do even a small profit.
Agree if you know what you are doing
For starters i will do voltmod on 15 PCB and I will test it a few hours. If there are no problems, the voltmod will continue. According to the russian consumers, voltmod strongly increases power consumption of devices. We have a triple device and there will be a few in the same room. Therefore, the temperature can limit the overclocking. But the effort is worthwhile. Don't push them too hard and stay within a safe margin. Assuming you won't add additional cooling it sounds rather risky and a 20% performance increase is not worth it if it means frying half our PCBs within the first month. |
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dammit, you had me excited for a minute!  |
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