I don't know why it had to be an all or nothing solution, surely we could have split based on who wanted boards and who wanted to stay with R17 (subject to only splitting whole X3's), all it needed was a vote! or was that just too much effort? This group has been characterised by a complete lack of democracy and transparency.
Either I get yelled at for not asking enough options, or for taking too long to make the decisions. You cant have both in this world, if I waited to take a vote from every person and split it accordingly, we would be looking at mid-August then.
so mid august is 2 jumps. well we are looking at a 7% on the 26th of july and for aug 15th a ? jump say 10 percent. so a diff of 22000 vs the current 17336 is pretty certain. and do nothing low number is 38th for the 765 shares.
that comes to about 6 btc a week. say aug 14 to aug 21 then a diff jump say 10 percent more to 25000 we then earn 5.28 btc for a week maybe another 5.28 btc then another jump.
we are up to sept 4 or 5 and we earned back 16.5btc on the 38th not counting power a th is 1000 watts 38 = 38k watts an hour 21 days or 1532 usd if a recall you pay 8 cents a kwatt.
so the 16.5btc earned drops by 2.5 minimum for the power total of 14btc to be split over 765 shares or .0183 btc a share by sept 6th or so. if all goes right 5x shares is .091 by sept that is 54 bucks
so My shares are 630 usd so if we can mine 10 weeks and jumps are low I am ⅓ back at best. if I allow the ba gear and don't upgrade.
If I up grade what is my cost for 5 shares? 100, 50, 150? anything more the 50 bucks or 10 bucks a share would be nuts. since at best I go from maybe .2 btc return to .4 btc returned .
The number above are rough but close and if anything high on the btc returned.
now if I was told with an escrow backed guaranty the new gear gets .7 watts not 1 watt or .9 watts. I will toss money at it. and not much money 10 maybe 11 dollars a share. which has to be escrow backed.
just does not pay off to get gear at 1 watt or .9 watts.
You know those boards can be du-tuned down to 0.5 watt/GH?
yes I do. so if we upgrade and mine at about 1 watt then switch to .5 watts we last longer.
But A) I have 5 shares 10 chips.
B) what is the per share upgrade price ? 10 usd a share ? 12 usd a share? 8 usd a share?
c) what assurances do I get that this 10 usd a share does not go poof? so far none?
if it is 10 bucks a share it is 10 x 765 = 7650 let bob escrow it.
I rather pay 11 a share with escrow bond then 10 with no bond.
D) string the ifs:
1) pay 11 a share not 10 bonded
2) the gear gets built and hashes by aug 15
3) it does as advertised at 0.9-1.0 a gh
4) we down clock to .5-.6 later
5) we still lose money unless coins go up.
If it is ten bucks a share more (plus some of the chips) for this to be done it is only 7650. for about 100,000 on the hook
lets say it all happens and we end up with 100gh a share not 50 gh. and the share costs us 130 +10 = 140
lets say it runs on the 15 of aug. at 10% diff run to oct 13 we get back 60 bucks out of 140
run to dec 5 we get back 90 bucks out of 140 . down clock on the 5th of dec it earns about 20 more.
so we get back 110 . if all of the above happens with a great upgrade.
hey as long as most understand this is going to lose money either way .
I would go for the upgrade at 10 a share but buy a escrow bond at 10%.
So if the upgrade fails I don't lose the 10 a share extra.
(assuming you want the 10 bucks a share to do this upgrade) Someone would buy the bond. plenty of betters out there.
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