Yes, this week's dividends were great.

The problem is that we come from a system that was based on high reinvestment, low dividends: we buy hashing power but not all of it's output flows into our wallets as dividends: no, we reinvest. When a company reinvests, it's goal should always be the increase in the company's worth and thus the worth of one bond. Whatever is not reinvested can be paid out as dividends.

By putting "Fixed 100Mh/s" on the contract it essentially makes the bonds worthless. So the system changes - or should - from high reinvestment to high dividends but there is no way to calculate those dividends anymore like you would when you really had 100Mh/s while it was still worth something. Instead, we get 100Mh/s plus a bonus. What is this bonus based on? Will my reinvestment ever be paid back this way? Who is gonna buy this formula? Seriously?

You don't know if this will ROI. But off course you never know this. But what you DO have in a "normal" shareholder situation is the ability to opt out... sell your bonds if you think the investment will not pay back anymore. But as stated above this is taken from us by placing "Fixed 100Mh/s" on the contract. On Cex.io, the price of one Gh/s at this moment is 0.0068BTC which will also not grow but you WILL receive full mining profit from it and it is up to you to decide if you want to reinvest and buy more Gh/s.

So it comes down to trust again. And trust is thin these days. I really do NOT believe that Zach is a scammer but I do think that this should be resolved and decided upon by more then one person. We invested and reinvested in LRM as a whole, it's sad to see that a share of LRM compares to the price of "100Mh/s" right now. As long as "bonus" is not defined somehow, it means nothing. Basically you put your trust in one person. And even though Zach is probably trustworthy, what happens when he is out of the picture? Hit by a truck, dead? Is the next LRM owner going to be trustworthy too?. Yes, testimonies over time might change this but that doesn't give me a warm, fuzzy feeling right NOW :s. It feels like I'm being forced to gamble with no option to cash out. The value of one bond will decline forever and we do not have any clue as to how we MIGHT make money from our investment. Right now everyone wonders "Will I ever get paid back?" We are not even considering "Was this a good investment? Will I MAKE money from this?"

It's just not right that our ROI is based on the whims and likes of ONE person (but again: I'm not calling anybody a liar or a cheater here. I think we could have done ALOT worse. I still think Zach is willing and is trustworthy or I wouldn't have signed this new contract.) The bonus that was paid is great. But how does this compute? Will it go down forever from now on? Will it go up or will it constantly fluctuate? I ask again: "Who will buy this formula?" If it is so great, people should be lining up to buy more of LRM - like I once did when conditions were great.

A little bit of transparency would be great here... I still don't understand why it was legally wrong that our hashrate grew. We buy part of the company, the company's activity is hashing and it's profits are determined by it's hashrate. For our part to grow, so should our hashrate. Is that not the purpose of buying shares? You bet on them to grow? Any other method is just saying you are now a copy of cex.io where you buy hashrate and it stays that way. Right now we are neither a shareholder nor did we buy hashrate. We are floating in gray areas.

It's shady at best...

The price per chip was 0,07821BTC, the deal for this groupbuy was 0,086BTC per chip so a 9,9% fee for Sebastian's work. The work still was/is there... in fact there is even more work now. I would definately be ok that you keep the original 9,9% Sebastian... for a job well done. We had a deal and you have every right to keep those btc's...

How many people have confirmed that they want a refund? This might not be a problem at all?

If BFL would give me a refund now, I'd take it.
But not my Bitburner XX! It's special to me
If that partial refund story is true, that would be great.

Thanks,

I will transfer the funds when I get home from work and pm you when its done...

I could use the 10 extra chips so I have a full miner.

Taking the opening bid at 1.1 BTC

It was a driver problem. Wanted to try 13.4 again, didn't install anymore. After multiple hours of trying I reinstalled Win7 with 13.4 and it is now working very well with the latest version of cgminer. The heat is still there but at least now cgminer is underclocking it when it gets to hot.

Heya,

I need some help tuning my mining setup... (BTC using CGMINER)

My computer is an i5 with 4Gb of RAM running Windows 7 Home Edition, 2 XFX Radeon HD 7970 3Gb cards and a Gigabyte GA-P55-UD4 Mobo. Cards are connected with Crossfire cable but Crossfire is disabled. I've tested with AMD Overdrive ON and OFF.

The problems I have are all temperature related. I need to underclock to really get it working but even then, it is not working very stable. My case is a midtower with a 12mm fan blowing air in the front, a 12mm fan blowing air out in the back, two 12mm fans on the side (gpu height) blowing air in and my PSU's (Antec 900Watt) fan faces the bottom GPU. My Cgminer settings:

gpu-engine       -> 625-925
gpu-memdiff    -> -150
intensity      -> d (mostly stays on 6)
auto-gpu
auto-fan
target-temp   -> 80               (is this safe to run at for longer periods of time?)
overheat-temp   -> 85
cutoff-temp   -> 90

The first card (gpu0) runs at 925Mhz/775Mhz, fan @ 85% and doing around 550Mh/s (I can live with this)
The second card however has more heat problems and underclocks doing around 400Mh/s (sometimes more, sometimes less)

Now, if this were running stable I could still live with it but CGMiner sometimes has trouble underclocking my second GPU. It says it is underclocking it, but nothing happens. The GPU stays at 925Mhz while memory clock stays at 1375Mhz (should be 775Mhz with the memdiff option). Ive tried to set these values in AMD Overdrive also but no joy.

So if this doesn't work the GPU is disabled after a while (REST)... It then looks like it is starting again but it doesn't, it is doing 0 Mh/s and it stays that way. At least it looks like it, maybe I have not waited long enough before manually restarting the GPU, i'll leave it for a few hours next time.

Does anybody have any idea what can cause cgminer to be unable to set the clockspeeds? Bad driver?
I've tested 13.4 and now I am running 12.8 because this seems like the most supported for cgminer?
With 12.8 I am running AMD ADL SDK 2.6. After a reboot it seems to work for a moment as I can see the gpu-engine is set to 925 and clock to 775 but after a while it looks like something is overriding this because the memclock is back to 1375Mhz and even when I try to set this manually, it won't go down. (verified in multiple tools)

Haven't tried other drivers than those because the first card works well with it...
I'm looking into better cooling options so I can overclock a bit (have reached +700Mh/s for a few minutes then crash due to heat) but until I have that I would like to know how to get this current setup stable.

So what can cause cgminer to be unable to set clockspeeds, or what could override it?
Any suggestions on heat management or experiences with the same cards are also welcome. (i.e. what are safe long term values?)

Thanks,

W