About mining company. Honestly I don't think .100 mh/s will matter much unless you have like 20+ shares BUT
We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
That's... not a mining company at all.
Basically, my problem is I don't see why people who bought in
later should be able to get
more hashes for
less money. Even in your example, the people on the Jupiters earn an extra ~$20 per week, without paying any more. And having people totally left in the cold if their machines stop working
at absolutely no fault of their own... that's just bad.
Incorporate it as a proper mining company, with each share being equal. It's easier to account for, and fairer for everybody.
The point is not who bought in when. The point is who bought a share for what machine (Jupiter or Saturn). If we gonna make all shares equal would that also mean that people who bought shares later would get BTC right away (as the first Saturn starts mining) and the promised/calculated hash rate is not achieved until all machines are mining? Also equal shares are not mentioned in the survey, so we/ragingazn628 have/has no wide spread opinion about this.
Note that I'm neither pro nor contra for equal shares since the current conditions are somewhat unclear to me.
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