we need to figure something out with soniq maybe we can set up a Skype and talk about it Im pretty sure soniq is a busy man just like the rest of us BUT we can all make some TIME to talk and see if we can figure something out what do you think

[...] an unknown amount of BTC for dividend???

I had an unexpected family emergency and took some time away to clear my thoughts, sorry about not posting sooner.

Have been trying to get a clarified answer from Espen on prorated balances and he has finally responded, now have to coordinate with agibby to add to currently balanced books.

Will be making a dividend payment as soon as the prorated balances are accounted for. This is the achilles heel using third party programmers, is trying to  get  timely responses.

Will try to get this done as soon as possible

Has anyone heard from soniq Th first batch should had been deliver long ago

Hi agibby,

I have reviewed Soniq’s balance sheet and mining income.
I will finalize the review, but let me share preliminary findings.

Firstly let me note that this verification is on the transactions up to Jan 31.

Excel file with verification calculation and results: http://sdrv.ms/1bkoevq

I.   Verification of total income amount and expenses

The conclusion is that my verification shows exactly the same total income amount as published by Soniq in the balance sheet.
This is, total income 1332,89 BTC.

Also the total expenses calculated by me comes to the same amount as in Soniq’s balance sheet.
This is total expenses -211,23 BTC.

Which gives total accumulated for dividend payout is 1121,66 BTC.


II.   Comparison of total income amount to “expected” mining income

I have also compared the mining income in the balance sheet with expected mining income".
I have considers the starting mining dates as declared by Soniq, i.e.
•   Oct 11 when GB1 miners (15 miners) have reached advertised hashing  rate
•   Oct 15 when GB2 miners (11 miners) have reached advertised hashing  rate
(Note: In fact some GB1 miners have started before Oct 11, but the income before Oct 11 can be considered minor)

Calculation of "expected mining income" has been done based on
* mining period (i.e from Oct 11 (GB1) and Oct 15 (GB2) until Jan 31)
* Jupiter hashing power
* bitcoin network difficulty and
* mining calculator for applicable bitcoin difficulty.

The conclusion is that the total mining income in Soniq’s balance sheet is in line with calculated expected income.
I have considered Jupiter hashing power = 550GH/s and applied an efficiency factor of 97.5%.
Under this conditions, the total income in Soniq’s balance sheet differs with less than 1% from the “expected income”


III.   Corrections needed

As shown in detailed mining breakdown on period intervals GB2 members have been paid for part of mining income attributed to GB1 miners.

As it can be seen on lines 24 and 25, mining income was not received in full to soniq’s wallet from the mining pools (note the difference between received amount and expected amount).
Part of bitcoin mined under period Oct 11 – Oct 15 was transferred to soniq’s wallet after only Oct 16 (on line 26 note the positive difference between received vs expected).
 
As shown in the table, amount of coins mined by GB1 15 miners (before GB2 and GB3 11 miners arrived) was 85.48 coins.
Soniq has issued a payment of 50 BTC for GB1, when in fact it should have been 85.48 BTC.
 
Incorrect amount paid to GB2: (85.48-50)/78000*33000 = 15 BTC.
In conclusion a correction is required to be done at next dividend pay-out: deduct 15 BTC from dividends for GB2 users and pay this out to GB1 users

I would like to ask you to verify the information I have posted here and confirm.
Please doublecheck with Soniq’s, and once confirmed please apply the required correction.

Please verify and provide your and Soniq's feedback on above calculation and verification asap, before the next payout so that required correction can be applied. Other GB members are welcome to comment and provide feedback.

Thank you for your analysis dutu

Me and Agibby are looking into this and Bens question.

 Espen the original programmer will be back from a business trip on Wednesday, and will help us to clarify all the transactions to date.

Will have a clarified response before next dividend payment.

Thank you for your patience

Mining Income         
                 1EN3EqqQfqq484WNATFAMA13VXpJuJNv5c    806,0403326   Eligius Mining Address
                 1MyLJvnuHxkXUp8CMPNwp1oKFz5fDsF14u    526,8499516   Bitminter Mining Address
as of 1/31  Total Mining income  Received                    1332,890284      

Not if you understand that each person has a different situation depending on the adjustments they received.  You can be paid appropriately depending on adjustments but that per share amount would be different than someone who had no adjustments.

I'm pretty confident that most members are being paid appropriately.  The ones that have contacted us to look at it have been accurate for their situation.

What I was surprised about is that the price paid out per share is different almost to each user  

Someone would have to go into each user and calculate the payouts per share and determine the reason for the variance.  

So this is the information that is public

- number of Jupiters with trans ids
- amount per share and a debited or credited amount to each member
- a balanced spreadsheet showing all mining income and expenses
- ledger showing all dividend payments to all members
- Jupiters mining addresses with stats

As far as you question about gigapool, at the beginning of the GB, Oct 14 only 5 days after receiving the Jupiters almost every GB member was watching very intently as there had not even been a dividend payment made yet. There was concerns about getting best hashing rate for the Jupiters and some members suggested trying different pools.  I tested Gigapool, and  posted to the forum I was doing so, So all the members could account for the 26 mining Jupiters.  I am looking for the transactions now.

The spreadsheets and ledgers for this GB  have been verified by a forensic scientist with the Norwegian police and two software engineers.

just an update  
Soniq has been communicating with the share holders and it look like he is on top of the BTC game. Just to remind people this thread was not created to accuse anyone of being a Scammer, no one is accusing Soniq, we are just asking questions? If you read the thread, ALL of my Point are asked in a question? I am not accusation Soniq.

Thanks Soniq