Fiat is better comparison because when ordered in June btc was around $100 in Nov when it came out btc was about $500.
Lets say it cost 50 ($4999/ $100) btc to order in June, it comes in Nov. So if you had mined more than 50 btc minus electricity it is compared to the original btc and the value of that today.
In other words if you kept that 50 btc from last June it is 50 x $523 = $26,150 with no other cost now.
I was so bored I calculated the difficulty and every day mining: from mid Nov 2013 to Aug 8 2014 a Nov Jupiter at 660GH and 800 watts @.16 electricity net about 35.5 btc.
$18,566 with btc @$523 today if you didnt sell any along the way.
Wow! It seems much better stated that way. Thanks. That gives a better visual  I was always worried about getting my bitcoins back... mining is kinda fun too though. |
|
|
|
Final Report for my November Batch Jupiter from last year.
Purchased: 13 BTCs
Mining Revenue: 27 BTCs
Sold for: ~1.5 BTC (~1.4 after shipping, fees, etc)
Electricity costs: ~1.3 BTC
Angry Significant others: 1
Total Profit: 27-13-1.3+1.4 = 14.1 BTC
ROI = 14.1/13 * 100 = 108%
Thanks KNC! Over doubled my money in a short 9 months.
Actually sad to see this machine leave my house...
I doubt any machine in the future will provide this return.
It would be better to see it in fiat. You couldn't have purchase a Jupiter with 13 bitcoins. I paid over 30 for a Saturn. Unless of course you got some sort of kickass deal? |
|
|
|
By the way, do you have any idea how long they might last? Any ideas when you might run out?
I will post when I begin running out of them Thinking about ordering 1 more so when will this arrive at your place Wed or Thur ? hopefully by Thursday, but once I know this for sure from DHL, I will post concrete dates here once I have them. Not trying to be pushy but I'm wondering if you will be able ship them out on the day you receive them? I'm in the US until monday... I would love to be able to carry them over the border myself |
|
|
|
We had gain access of cheap electricity and high power capacity.
Does anyone know what "cheap electricity" can realistically mean in China? The equivalent of about $0.1/kWh? More? Less? I realize we can't know for sure, but maybe someone knows what is possible in China. There's not going to be any cheap power in China. They have problems with pollution and smog due to the fact that around 80% of their electricity production is fossil-based (and about 60% of that is coal). Hell they are still trying to stop people from burning coal in their little 30m 2 flats for heat. Pushing these people into the electricity market is sure to put a burden on their already strained grids. Presently they are implementing incentives for solar, wind, gas and other "clean" energy alternatives and pushing a conservation agenda with a tiered rating structure based on consumption which means higher rates with higher consumption. The cheap power is in Washington state, good ole USA. The rates I have seen for China are $0.08 USD/kWh and up for residential and $0.12 USD/kWh and up for non-residential, non-industrial. There is cheap power for farmers in poor areas which is around $0.03USD/kWh but you don't want to get caught running a mining farm there or you will surely be a friedcat. |
|
|
|
The problem is that Neptune is not roi at all
So the problem is not the delivery date But the hashing speed
Come on man. If they delivered in March the hashing speed would have been fine. The two are not mutually exclusive. You can still buy yourself 1000 BFL Jalapenos delivered tomorrow if you like and get a hashing speed of 7Th/s but the electrical bill will kill you. (oh and I am not recommending anyone buy anything from BFL it is just an example). |
|
|
|
You often can tell good advices from bad ones from the simple fact that the latters comes almost always with insults or fear inducing clues like "cut losses now or lose everything".
Good advices are seldom trying to force you do anything but rather try to reason you by means of logic.
You don't know the good advice from the bad until it is too late. Tell that to the OP. He's in panic and about to sell. Okay. Hey Impross88! Dai nemici mi guardo io, dagli amici mi guardi id dio! |
|
|
|
Impros88, What comes through your post is the anguish and panic. This is the cause of every bad decision. Here's something that might ease your fears: "+ 6 addresses greater than 1000 BTC Yesterday they took the opportunity to accumulate." from https://bitcointalk.org/index.php?topic=441336.160The super duper bitcoin bad boys are long and going longer. Does that tell you something? I doubt it tells him anything. He doesn't know the basics of investing or he wouldn't have bet the farm. Long and short are advanced terms... |
|
|
|
First of all, don't listen to the idiots on here.
yeah great advice from one of them. You are idiot! I have successfully shorted bitcoin since $600, which makes me an intelligent gentleman. Then you are the dude who took Impross88's money! He has no need for your advice, he needs your money. |
|
|
|
You often can tell good advices from bad ones from the simple fact that the latters comes almost always with insults or fear inducing clues like "cut losses now or lose everything".
Good advices are seldom trying to force you do anything but rather try to reason you by means of logic.
You don't know the good advice from the bad until it is too late. |
|
|
|
They were to start shipping by then, not complete it. No, Neptunes sold with shipping Q1/Q2 means all of the batch shipping by end of June, not just some. That might be how you interpret it, but it doesn't mean that was the intention. KNC's first 2 batches of gear last year were advertised as 'starting shipment by ...', not completed shipping by. Context would suggest this also carried over into the new gear. Example: https://web.archive.org/web/20131109171320/https://www.kncminer.com/categories/miners"Shipment begins ..." And for the Neptunes themselves: https://web.archive.org/web/20131212133634/https://www.kncminer.com/categories/miners"Shipment begins in Q1/Q2 of 2014" Not completed by, or wholly shipped out by... begins. They've never once said, in any official documentation or newsletter, that their items would be wholly shipped by a certain day--merely begins. ...and as I keep posting but few people care, their intention was to ship the new device in march but that was before their Dator Hall intention. All you have to go on are the voiced intentions of the company. Stop making excuses for their failures as they are quite capable of that without your assistance. They will continue to screw would-be miners while you quibble about the use of the English language. They have not kept their promises. They have not delivered the goods, they have not effected refunds and they have not "given" anyone free hashing while they waited for their late shipment ALL of which were their voiced intentions! PS. https://www.kncminer.com/news/news-24 <--- there you go March. In print from the source. Also a bunch of crap about competitors releasing hashing power blah blah blah when all the while it was KNC hashing it up! Makes me angry to see it again. |
|
|
|
|
Amazing! Now can we extend the conversation to KNC deliveries/refunds? BFL deliveries/refunds? Cointerra... aw forget it!
|
|
|
|
Also, send DCMA takedowns to *where* they host the cgminer binaries.
Bitmaintech.com resolves to 119.9.72.212 which is an APNIC IP allocated to Rackspace in Hong-Kong Since the DMCA is US Law, I am not sure jurisdiction applies However, their domain registrar is Godaddy and their DNS servers are hosted in Arizona which is under US jurisdiction. I would suggest sending a takedown notice to Godaddy If you need help in formatting a correct takedown, send me a PM and I can help. It seems to me the point of the takedown notice was to remove posts from THIS website. ie bitcointalk.org Mods can do that but ckolivas is looking for confirmation of his proposal. If I may, however, Why is it that when it directly involves a moderator (however valid the argument may be) we will do something about it yet we merely get a "Caveat Emptor" post by gmaxwell in the Bitcoin Mining section. KNOWN scam artist are allowed to hawk their wares even when they have nothing to hawk! If it weren't for Dogie, newbies would be ripe for the pickings... hell maybe they still are! I agree that what they have done is wrong and, in many jurisdictions, illegal but if we're going to talk about shutting down Bitmain for GPL V 3.0 violations, then we have to talk seriously about shutting down several others for stealing peoples money and continuing to do so even as I write. |
|
|
|
Nah, its one of the original set of... 6? 12? made by a guy here in the thread. Sameish design, but on black... and special because it was one of the first. The design is also different, the cat is in the pan, being fried.
How about this then good Sir?: https://bitcointalk.org/index.php?topic=246518.0Thats it! Wait... I ordered 2?! I only ever got one... I think. O DAMN! Now I have to search my house.... Edit: LOL I paid 1 BTC for a shirt back in 2013, I hate looking back at old posts -_- Wow! That shirt is worth more than your washing machine. You should have it stuffed and mounted |
|
|
|
While 9 pennies is a hell of a lot better than 30 pennies +2.9% found with many traditional merchants your concern is somewhat valid and we should encourage lower fees for micro transactions.
Is this the formula for a credit card? That would mean that spending $0.25 would cost the merchant $0.31? Or is there another credit card formula for micro transactions? There is an 848 page law in the US and tucked away in it somewhere it says that merchants can set a credit card minimum purchase of up to $10, as long as they treat all cards the same. It also allows the Federal Reserve to review and increase the minimum payment amount. I don't imagine any merchant is going to let you charge any amount that would cost them more money than they would make on the transaction. |
|
|
|
Click that button>>>  And insert a link to your picture between the tags. Also, you can simply write [img]*picture link*[/img] and that should work too. Thanks Picture Link as in: C:\Users\maccd_000\Pictures  You can't upload a picture to this site. It has to be somewhere on the web and you need to supply the URL as in "http://...etc" inside the image tags. If you need a place to upload an image, a good free place on the internet is http://imgur.com/Once you upload your image, you will see links on the right for pointers to your image. Select the BBcode link and past it into your post. I have purposely left the opening left square bracket off so you can see how your link appears to you - IMG]https://i.imgur.com/7RxCueQ.jpg[/IMG] adding the left bracket gets you this -  Which is also handy if you need to know how to draw a horse. Happy posting |
|
|
|
Has this baby been paying dividends with its recent sales and mining? I see the price on Havelock is down in the 0.2 range -https://www.havelockinvestments.com/fund.php?symbol=AM1 Am wondering if i should take a bite  You can take a bite but not too big as the volume is pretty low and you will drive the price up quickly IMHO. I think people are in "wiat and see" mode as sales of the AsicminerTube have begun and divs are on the horizon |
|
|
|
Asicminertube is based on an open source design. Friedcat ran a contest for the design. If you click through my sig, you will see all the specs. The difference is in the pricing, assembly requirement and the minimum number of 40 boards for purchase. |
|
|
|
|
So has anyone used a bitcoin ATM yet? I can't understand why it is so hard to find someone who knows the fees to buy and sell at an ATM!
SOMEBODY must have used one - they're popping up everywhere.
|
|
|
|
Been away for a while. Any divs?  Naw! They're being eaten up on this banner campaign |
|
|
|
200 chips = 5400 US$, it's 27 US$ per chip, or 108 US$ per four chips in one Jupiter. "We sell these chips in sets of 200, for a considerably lower sum than we paid for them ourselves". Don't know how they define "considerably less", but it may be something like they've paid 110-150 US$ for four chips per Jupiter. Remind me again what were those Jupiters priced? I am interested to buy one for me as miners geek souvenir. Anyone knows something about a groupbuy? In the name of all that is secular and non-vulgar, STOP GIVING THEM more MONEY! |
|
|
|
|
Show Posts
