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1HogztL8rezreh9thR1ykSpb6h8J4n9Wuc Thanks mate  |
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Selling on an open market is absolutely fine for me, too |
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At which point are we going to sell the hardware and distribute the proceedings to shareholders?
We can do it. Many (near 50%) shareholders sold their hardware yet. Make an offer and maybe you sell your shares too. So you want to buy it? Why not sell it to someone else who is willig to pay more? |
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Hätte auch noch eins anzubieten zum selben Preis
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Time is not on our side then. By the time we get all the shareholder to come to a decision it will be too late to put our order in.
I think for stuff like this and especially to speed things up we should simply find a majority of shareholders, not all of them. Also people with more shares should have a louder voice, just as it is with companies that are on the stock market. There are 491 shares, so we need people with a voting weight of >246 shares to agree for the action. Anyone against or in favor of this way of managing things? If yes, I also agree with my 32 shares that we should use half of our equipment ASAP. |
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2. I had another adventurous idea . As you known, there is an interesting situation on the bitcoin asics market. The cost of 1 GH varies from $ 10 (btmine, sushi..) to $ 40 on the secondary asics market. Maybe it will be profitable to sell our miners, for example for 7 BTC for 1x300 GH ASIC and buy 3 x btmine (200GH) in 3x2,4=7.2 BTC. As a result, we get 600 GH instead of 300 GH. But as always, everything will decide the time ... 1. Time from selling the our device until the order new device - 1 day or less; 2. Time from order to shipping - as wrote btmine 3-5 days; 3. Time to delivery - 10-14 days. Delivery to Russia via DHL, FedEx, UPS and other express companies, as you know, does not work. Shipping cost will be $ 300 for one miner. Total 14-20 days without mining.... I find a buyer for 7 BTC fast and without problem. For starters, we can try to do this operation with 1-2 devices. Who thinks about this? That's quite the good idea but do we know anything about the reliability of btmine shipping promises? If it's reliable we could maybe try it with half our miners, as long as more people agree. Generally too few people are active in the discussion here, do you have a way of contacting shareholders so they can vote? |
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People are buying SHA-256 miners to mine other coins instead of btc. DEM, for instance was hot awhile ago and those mining it instead ROId fast as hell.
The payouts also are starting to get a bit smaller for us.
Optimally, we would at some point switch over to some (preferably) automated pool, mining altcoins for a higher gain than btc, which we really could keep doing for long after btc has dissappeared on the ASIC 20nm horizon.
What does the group think about this? What does Pido think? Does someone have deeper knowledge on this?
I only know Multipool takes SHA-256 -capacity and pays in alts, and that's it. Personally, I use middlecoin for my private small scrypt farm, but it is exclusively for scrypt mining.
Really, the alts will prosper along with btc in the 'Money 2.0' landscape. We might have the capacity to participate in even more profitable undertakings than now? Does someone know more? Maybe about pools or altcoins, automated exchanges like som pools use?
Speak up.
Generally I agree with the Altcoin aspects, though most of the profitable altcoins (e.g. dogecoin) are scrypt based and most of the time other SHA-256 based coins are less profitable than bitcoin. Merged/Parallel mining is an option of course. Also, it's not a good idea to sell Namecoins blindly, as they have raised in value more than 10 fold in the last few months. We should either keep them or sell them when the value is high (ATH is around 15$ IIRC, the current price is 6-7$). |
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Be careful with merged mining. I used to mine at mmpool.bitparking.com and lost a lot of coins because the pool was too small and therefore unlucky most of the time. I hashed with 60 ghash for a week and got a total of 0.17 BTC for that time (while on BTCguild I would've gotten 0.25BTC/day at that time). BTCGuild does offer merged mining with NMC too, btw.
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Hi pidobir,
any news about voltmods with the other devices?
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I'm willing to sell a few shares, PM me for offers (only if your offer is >0.7BTC/share)
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Do we have a certain time of day when payments will be made or do you payout once a minimum amount is reached?
Asiс with overclocked named pidoGroup.4 Looks great so far. What about the people who didn't agree to voltmod, do they disagree or did they just not talk to you? |
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Do we have a certain time of day when payments will be made or do you payout once a minimum amount is reached?
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Thanks. btw you can change the "Tobi and Daniel" part to "dargolf" to stop confusion |
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Same news. 1. Reduction hashrate of devices on 20% and late shipment (MetaBank sent our devices last of all) will be compensated by metabank. Most likely it will be shares on the stock exchange cex.io. More information will come later. 2. With your consent, I can do voltmod with devices to get a 15-20% hashrate increase. In the case of overclock we will lose the 1 year warranty. If you agree, then I can start doing voltmod on Saturday or Sunday. If you agree with voltmod, write "agree" in the comments to your nickname in column A https://docs.google.com/spreadsheet/ccc?key=0AkwpY6JRicSddG96ZW9sbzhoMFoyT0xLWFVjOFR5LWc&usp=drive_web#gid=23. Those shareholder who have 72 shares (1 full devices - 300 GH/s without overclock) receives an individual account at the pool with full access. At the moment is 1 shareholder. But you can team up with someone and having your own personal account with full access. The other sgareholders will be work at the general account. We also need a trusted shareholder, which will have full access to the general account. Access to the account, and other information I give on Friday or Saturday. The first payments will be on a Saturday or Sunday. 4. My fee for 3 months is 2.5%. On Friday I will spend energy metering devices. The approximate power consumption - 1.5 watts per gigahesh without overclock. With 0,11$ - cost for energy we will have near 1-1,5% fee for power. More accurate calculations I will do on Saturday. Thx. I agree on the voltmod, we need to do it asap to get the most coins out of the still relatively low hashrate. I can't comment on my nickname, but please write agree on the "Tobi and Daniel" shares. |
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pidobir I think it would only be fair if you at least don't charge fees for a while, as this delay is solely your fault and you need to make some kind of compensation.
This holds true. But this will only be a punishment to me. Shareholders do not feel the benefit, I think. Maybe not for small shareholders, but I have 8.33% of the shares, so in a fictional case of 100 BTC earned, it would make a difference of 0.41BTC for me - and there are shareholders with more shares than me. |
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pidobir I think it would only be fair if you at least don't charge fees for a while, as this delay is solely your fault and you need to make some kind of compensation.
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A different approach would be to let someone else do the hosting. I would offer to do it, but since I live in germany where I pay .22€/kWh, I'd recommend to find someone in a European country with cheaper power cost.
If we don't do anything about it, we'll lose around 80 BTC in total - so there's much to play around with.
Heck, we don't even know if pidobir tells us the truth.
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+1, that's almost 10 BTC or 1,2k$ i'd lose otherwise, so please find a way asap.
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So the 20th is over, did metabank ship your devices yet?
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