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824
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Bitcoin / Group buys / Re: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here.
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on: February 01, 2014, 02:00:18 AM
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
well you have a point so far we mined 12 coins from 15th to now. go to 13.5 by pay day and pull off .5 we spilt 13 coins that is 10400 usd. if we put up 3.2 th in miners lets say mostly s-1 we would be selling 16 of them you can sell one right now for 2k on ebay easy sale so that would be 32k take off 10 percent in fees your are at 29k. lets say we get 1 robbed (ebay can be tough we would clear 27k that is 33.75 btc or consider selling them on this site for btc 1.8 btc a machine x 16 machines = 28.8 btc or about 23k wasn't there a shortfall of about 14 BTC? Mr. numbers. Just curious |
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833
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Bitcoin / Group buys / Re: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here.
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on: January 18, 2014, 05:26:34 AM
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I know this has been kicked around but would it be wise to part this hardware out and sell it now? If running many units at one time is an issue we would not be knowingly giving anyone "bad" hardware.
yes, we should be check into seeing the ROI of holding the units vs. selling them. What is the anticipated payout for each share at the 1st? Does anybody have a guesstimate.. I know dumping hardware on eBay is a good way to get a good price. I've done that a couple times.. (Instead of selling it on the forums). |
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835
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Bitcoin / Group buys / Re: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here.
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on: January 16, 2014, 06:37:35 AM
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my larger concern is the shortfall in hash/btc has not been addressed.
we got a share payout of .02866 btc today times 400 = about 11.464 btc
Jan 1 and Jan 2 are diff of 1180 mill we should have earned 1.406 a day x 2 = 2.812 btc
Jan 3 - Jan 13 are diff of 1418 mill we should have earned 1.170 a day x 11 = 12.87 btc
Jan 14 - Jan 15 are a diff of 1789 mill we should have earned .9274 a day x 1 = .9274 btc I won't count the 15th as it is a partial
this is 16.6094 btc vs 11.464 btc that is more then a 5 coin shortfall
I'm interested in seeing how it is resolved as well.. Please don't forget this is 5 coins over the last 2 weeks plus the 11-13 we were already short. grand total is around 16-18 btc. or about .0425btc per share . now they have done a lot of work for us quite a bit. and usd/fiat wise we made money on this round. but r15+r16 is a bit short as is r5+r6.. I worry about round 17 as the entire coop's future is kind of sunk into r17… well time will tell. I also worry that if btc jumps from 850 to 3000 the 16 -18 coins here jump from 13600/15300 to 48000/54000 usd. the growing shortage here is now big enough to buy 5 ant miner s-1's. Thanks for keeping track of the BTC/USD and your analysis. I'm curious to see how things work out. regards, Brian |
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836
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Bitcoin / Group buys / Re: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here.
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on: January 15, 2014, 11:57:47 PM
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my larger concern is the shortfall in hash/btc has not been addressed.
we got a share payout of .02866 btc today times 400 = about 11.464 btc
Jan 1 and Jan 2 are diff of 1180 mill we should have earned 1.406 a day x 2 = 2.812 btc
Jan 3 - Jan 13 are diff of 1418 mill we should have earned 1.170 a day x 11 = 12.87 btc
Jan 14 - Jan 15 are a diff of 1789 mill we should have earned .9274 a day x 1 = .9274 btc I won't count the 15th as it is a partial
this is 16.6094 btc vs 11.464 btc that is more then a 5 coin shortfall
I'm interested in seeing how it is resolved as well.. |
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837
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Bitcoin / Group buys / Re: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here.
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on: January 15, 2014, 11:20:29 PM
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[/quote]
rounds 9-12 made more then 68000 usd. it was about 50000 usd in and about 120000 usd out
it more then doubled the usd cost to create the setup.
but if you purchased btc you would have done better.
basically your comparsion is I picked stock and changed 50000usd to 120000usd but if I had picked stock b (buy and hold the btc) I would have changed 50000 usd into 400000 usd.
but you would still be a failure since you did not sell the btc at 1200usd. you would be saying I should have sold at the all time high
so rounds 9 to 12 are successful but not as successful as buying btc was. far from a failure.
just not as good. I only say this because every country in the world that charges tax would charge you tax on the profit made on rounds 9 to rounds 12.
[/quote]
well, when I made the decision to buy. It was that I would make more BTC than invested. I know the argument USD/BTC and so on.
Regards,
Brian
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838
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Bitcoin / Group buys / Re: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here.
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on: January 15, 2014, 07:28:04 PM
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Just hope blackarrow have better support with the new hardware and also don't mine with it for to long before shipping out. From the pictures Bob sent back from his visit, they seem to have enough of the Bitfury boards running to have figured out how to make them work and at least try to get there customers what they sold them.
The Co-Op has done a great job so far in compensating the buyers these rounds, not sure what blackarrow has done to ease the pain.
With difficulty making big jumps again probably from pre-order hardware mining, these rounds are probably not going to produce much more in BTC.
Indeed. I'm in mining to make BTC profits, but this round is looking like a big failure for me. I'm hoping R17 will go better, but I don't have high hopes now. I don't know how anyone is making a profit mining, especially when you factor in all the costs. My future investments in BTC will probably be to just buy BTC. +1 things started off good and we've had a few issues. I totally agree with davedx. Just and update on the ROI. I invested 10 BTC and recouped 3.20 BTC. That's not including today's payment, if there is one. So yes, a bad deal for me as well.. Regards, Brian |
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840
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Alternate cryptocurrencies / Mining (Altcoins) / Help with 3)290X. Cgminer goes right to be BSOD. Will pay $$
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on: January 07, 2014, 06:16:52 PM
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Hello,
I decided to make my own mining rig. But I've had some issues with cgminer and the PC going straight to the BSOD. The system setup is as follows:
OS: Windows 7 ultimate 64-bit
Processor
AMD Sempron 145 Processor
Motherboard
ASUS M5A99X EVO R2.0 AM3+, AMD 990X, SATA 6Gb/s, USB 3.0, ATX, AMD
Memory
G.SKILL Ripjaws X Series 8GB (2 x 4GB) 240-Pin DDR
GPUs
3X SAPPHIRE R9 290X 4GB GDDR5 Battlefield 4 Version
Storage
Kingston Digital 120GB SSDNow V300 SATA 3
PSU
EVGA SuperNOVA 1300G2 ATX12V/EPS12V 1300W 80Plus Gold Power Supply
BSOD viewer reports the following files:
==================================================
Filename : atikmdag.sys
Address In Stack : atikmdag.sys+9d18d2
From Address : fffff880`11059000
To Address : fffff880`11d49000
Size : 0x00cf0000
Time Stamp : 0x52a23f6f
Time String : 12/6/2013 3:19:43 PM
Product Name :
File Description :
File Version :
Company :
Full Path :
==================================================
==================================================
Filename : ntoskrnl.exe
Address In Stack : ntoskrnl.exe+75169
From Address : fffff800`0320f000
To Address : fffff800`037f4000
Size : 0x005e5000
Time Stamp : 0x521ea035
Time String : 8/28/2013 7:13:25 PM
Product Name : Microsoft® Windows® Operating System
File Description : NT Kernel & System
File Version : 6.1.7601.18247 (win7sp1_gdr.130828-1532)
Company : Microsoft Corporation
Full Path : C:\Windows\system32\ntoskrnl.exe
==================================================
If anyone can help me out, I'd be glad to pay reasonable sum. To get everything working as it should be.
Thanks
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