I think you can mine alt coins (PPC, ZET, TGC) instead of just BTC with this babies.
you could - but you can't buy anything with altcoins - they must be converted to BTC - and have no value by themselves after the conversion you will get the same amount of BTC that you could have mined if you were mining them directly. otherwise everyone would be mining alt-coins, and then their difficulty would go up etc. Hence, with high price on these sticks - it will never be worth buying for mining unless you are a reseller on ebay - and if this is the case why doesn't bitmain sell this directly on ebay? why would they need us? do you have any idea how hard it is to sell on ebay? if he makes 10,000 sticks he has 0 control over clever people buying the gear hashing with it and charging back. some wise guy will dummy up a few dozen accounts buy 150 sticks and return them in 44 days claiming they do not work. |
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well I voted for 287 usd not 56 usd a share. 22.5k is 56 and some change per share.
I really do not want to complain but 56 is a no and 287 is a yes. Asking us to vote on 180 then 287 and then saying you have 56 and maybe 28 in unsold really does not make much sense.
Why vote and argue for days on numbers that have no meaning. Look like I said if the shareholders of this group turned the pay outs into fiat they all made money myself included. I am happy with making the money that we have made. Not happy with a 180 offer going to 287 and now it is 56 with 28 or so left over.
Look this r9-r12 is a small part of dzcoop but there are 400 shares and changing the numbers that much looks really bad.
I did not change the numbers- those who made the offers at the time I offered to everyone have not gotten back to me, so I can only report the sure fire offers. That is why the first priority is to get us back up to hashrate, and to payback the missing coins, as that will be the simplest way to up the USD/share. Also technically R9-12 is only 80 boards, I am willing to sell all the ones I have to make it up (since they dont all get the promiced hashrate) Not complaining just frustrated. And I am sure you are a lot more frustrated about this then I am. |
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well I voted for 287 usd not 56 usd a share. 22.5k is 56 and some change per share.
I really do not want to complain but 56 is a no and 287 is a yes. Asking us to vote on 180 then 287 and then saying you have 56 and maybe 28 in unsold really does not make much sense.
Why vote and argue for days on numbers that have no meaning. Look like I said if the shareholders of this group turned the pay outs into fiat they all made money myself included. I am happy with making the money that we have made. Not happy with a 180 offer going to 287 and now it is 56 with 28 or so left over.
Look this r9-r12 is a small part of dzcoop but there are 400 shares and changing the numbers that much looks really bad.
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well that does help. are you still going to add the 8btc this 15th of dec payment? if you do and the short fall drops to 10-12 btc since nov 1st hashing. we would be close to square 1. if we hash at 4th instead of 3.3th in 8 or 9 days the 10 or 12 btc short would slowly drop due the the extra hashing. while I would have rather closing and taking 287 usd for each share and buying into r17 , your fix is getting closer to just as good a deal.. Bob thanks for working at this I know I type a lot of shit some good some bad on this thread I do really appreciate your hard work at this. best regards phil
also many thanks to dz, thomas and moonitator
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I do not have shares here but in another DZ round. In that I proposed an idea but have gotten zero response. I expect the same here but will state it anyway.
I hesitated to post anything earlier as it is none of my business but didn't think about PM'ing DZ about it.
It would be an idea to sell this equipment and use the profits to buy more miners. Only one I know of that is in production is the Antminer S1 units. I didn't do the numbers but it might be a way to continue mining besides going into a new round that won't mine until a later date.
400 x 287 = 114800 usd /880 a btc = 130 coins /4 = 32 x 180gh = 5.8th rough math but close . I used 4 coins a unit but I left out the coins owed due to underpayment. don't forget we may have as much as 1 week down time. but if you told me we go from 3.3 to 5.8 in a week it could work of course I do not know if the power works those units pull 400-500 watts each so you are talking 32 x 500 = 12000- 16000 watts to get the 5.8th also it would be 32 units to maintain via ethernet |
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I have a series of negotitations at various price points going on right now, trying to get us the best deal.
At absolute minimum, Every share will be receiving a .02BTC refund in the next payout (adding in an extra 8BTC to the payout).
I will be tearing down the entire wall of rigs tomorrow, and rebuilding it software+hardware wise (reflashing SDcards etc), in addition to after I fix my personal november KnC's, be adding them to get out hashrate at 3+ thash in the mean time.
The worst case senario is all the boards are sent back slowly to be remade into v2 (at no cost to the GB), and or replaced with other hashrate in the mean time (Either jupiters I will get, or antminers).
I hope this is enough to at least let you guys know I am working very hard to get this fixed and us back on track.
Also, we have ~2BTC worth of NMC to convert.
thanks for update. and extra .02 btc a share (8btc) would get us to about a 10-12btc shortfall. If the shares can be hashing at 8gh-9gh with the labor you do to them it would help. if you can sell at higher then 287 a share it would really help. This r9-r12 has made money in fiat terms. I am also sure it was helpful to black arrows newer design coming out in the r17 group buy. the idea of it slowly changing into better gear only works for the shareowners if we get a lot more hashrate. if we get all v2's and end up with the same 3.3th we lose out over the buy out. since 287 a share gets us more then 2 shares of the now dead (paused) r17 which would be more the 80gh in feb. thanks for a hopeful update. |
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R17 is currently closed PAUSED.
oh well that sucks. but I made money on r5+r6 and even on r9-r12 I have only 2 shares of this. |
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oh well. so the trigger did not get pulled here it time for an easy buy into r17. and it did not get pulled in time for a 20k plus sale of 1 of the miners r5 +r6. and this one is hashing at 1.9 th as I type instead of 3.3 th. so my chance and all of those in r5 + r6 along with r9-r12 to painlessly buy into r17 is now gone. Well at least those buys made money. I got me 2 shares of r17. not the 10 I hoped for. well this will make my next btc choice less complicated.. hey those that wanted to keep on hashing could still be correct. time will tell.  |
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well we are getting near to payout time. for r5 r6 plus r9-r12 . hash is still low for r9-r12 about 2.2th . with the knc added. r9-r12 is short close to 20 btc since it started since nov 1st.
my nerves get on edge for various reasons 3000 in buy out and about 1.6 in btc should be done by monday the nerves should calm down a bit. hopefully . whatever is done with r9-r12 is over by monday as not knowing ties up a lot of decisions for me.
I ask this if btc had jumped really crazy up to 5k. the short fall would be 100,000 usd. frankly it is 16,000 usd right now. this is not good. i do not want to address a huge amount like 100,000. if coins can go from 105 in sept to 1150 on thanksgiving weekend. they could jump from the current 800 or so to 5000 by late dec. asking r9-r12 to run with a 20 btc shortfall hurts all of us. lets do this quickly.
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I have done dealings with Maidak. He takes paypal on that website. So feel free to buy from him with paypal it is your friend. I have been on this site more then a year and I have had my share of shitty sales people fucking me around. 534usd of My money has been has been in BFL's hand since Jan of 2013 (with the exception of 8 days in march of 2013 I canceled and reordered) I have 0 from BFL. Maidak will sell you his red fury sticks with paypal on his site. You will get them. May be a week late but that is on the builder. This is the link https://bitcointalk.org/index.php?topic=361805.05 sticks are 199 each or 995 and 15redfury will lower it to 845 with paypal. So the op seems to be barking up the wrog tree. |
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yeah it is a real pain to find a cgminer + catalyst combo for your card. they vary.
I have cgminger 2.8.3 with catalyst 13.11 running the sapphire with windows 7 ultimate and an asus maximus gene.
but if you put in another card it may or may not work.
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I read all the numbers and I said I have to try to get my leftover btc rig mining ltc. so after 34-40 hours of trying to make it work. I am pulling 650khs with a hd7970 rig can add a second card I HAVE A HD7790 I will pop it in and get the rig to 1k. Now that it is cold in New Jersey running a pc pulling 300-450 watts helps to warm the house. If it was not for this thread I never would have got the rig to run ltc. My Thanks to dZcoop. Making money for me in all kinds of ways. next i need to figure the lit coin block chain wallet out as it is a bit different then the btc chain. I am earning about .3 ltc a day with 650 kh running.
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Yeah, guys I love you but the economics on this are way off unless LTC goes through the roof. Going to have to pass on this one.
well if it is 25 shares for a rig . you pay 12 bucks over head 300/25 if the share earns 50 bucks - 12 = 38 dollars back in 1 month . at todays difficulty . ltc does go up and down in diff. I won't decide until r9-r12 gets settled. if I get a buyout and divs I would buy a share here maybe 2. I am certainly liking r17 more. but remember this machine will sell for parts as it has great gpus inside of it. so it will have value even if all mining dies. when I cashed in all my pc gear I sold 21 gpu's for over 4k. The problem is that it will be tough to get ROI on just the shares. You raise a good point the hardware itself in 6 months will be worth nearly 80% of their costs, because you can sell the hardware to just about anyone, and the hardware in question will still be top contenders in 6 months. I just wish there was an easier LTC exchange to deal with the current options are pretty much horrible. The only reason I would take part, would be to bank some LTC, and then get some of the BTC back when the hardware is sold. no doubt roi on the mining alone almost certainly won't happen in ltc terms but maybe it could in usd. but I am thinking you always can get 70 to 80 percent back on the pc/gpu aspect. so this would not ever really zero out . it is a different mindset to invest in this. that is why I want 1 share at worst 2 or 3 if I get a r9-r12 buyout. |
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C'mon yahoo, get yer shit together!!
I was trying to find somewhere to complain at on the yahoo side, but got lost in their help system, apparently you're only allowed to have certain problems, and this ain't one of them.
Edit: Seems this might be part of a bigger problem, they have many customers unable to access mail for 24+ hours...
It's worse than that. They've been having intermittent issues the last few weeks, and it's actually impacting their Fantasy Football leagues. lol btc is more fun then FFL |
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Even if Black Arrow delivers in time,iits still 2 and a half months away.By that time bitcoin difficulty will increase so much that we wont earn coins anywhere close like we are calculating now.
wrong. black arrow is due in 60 -75 days 5 or 6 diff adjustments. do your math at 30% you get this 908 mill now 1180 mill dec 22 1535 mill jan 4 1995 mill jan 16 2594 mill jan 28 3372 mill feb 9 4384 mill feb 21 machine comes in you have 2th it earns about .25 coins a day if coins stay at 1000 you would have a chance to turn a profit. at just 27 % that feb 21 number is 3000 mill machine comes in you earn .334 coins a day if coins stay at 1000 you would most likely make money lastly at 25% that feb 21 number is 2775 machine comes in you earn .36 btc a day if coins are at 1000 you would get into the range of good money made just drop done a little more to 20% you get 2260 mill machine comes in you earn .44 btc a day at 1000 a coin you will do very well. many ifs Your logic didn't work for the past three difficulty jumps otherwise we would have been at 1 billion already. Don't use doubling math. I think you have not a real understanding of what I wrote. I have 4 cases up to the feb 25 date one at 30% gets to 4383 mill two at 27% gets to 3000 mill three at 25% gets to 2775 mill four at 20% gets to 2260 mill any of them could happen. worse case 4383 best case 2260 mill. and this has not included the price of btc will it be 200 usd 1000 usd 2000 usd so many ifs |
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Yes I am . here is why: he voted against the sale (his words not mine) which means he lacks faith in bob, dz and Thomas to get us a good offer.
Also he lacks belief that r17 would be good for him once again that is questioning the brains of dzCoop. So if you do not trust the heads of the coop why hold the shares? So not selling and keeping your assets with DZMC suggests that you have less trust in DZMC than when you're selling the shares? Logic? Imo, holding the shares equals to putting more trust in the DZMC, relying on the fact that bobsag3 will come up with a fix to increase the hashrate. May I remind you btw that the volatile nature of bitcoin also poses a risk to the profitability of selling the shares vs holding them? Bitcoin could very well rally up to a point when exchanging the money from the deal into BTC will result in less BTC than gained from keeping the miners running. I'm not saying you're wrong, you have a reasonable chance of being right. But imho you're assuming too much, too confident that selling the shares is the right thing. Have you voted already? If not, wouldn't it be wise to atleast wait untill the 14th to see what bobsag3 has to say and see what the conversion rate is at? To whoever is in charge of the deal, at what time will the $ be converted into BTC? yes if the sale is made the btc to usd rate is very critical. as is the timing as for logic it is simple I trust dzCoop so if they make me an offer I trust the offer to be good. they are giving me choice to take cash out and do what i want to do. at this point to fix the shortfall then need to add about 20 btc to this weeks payout. and they need to make the hash go to 3.3th. they have said they can not do this or at least they have said it is too hard to do this. the gear needs too much tweaking. so for me it is time to move on to other dZcoop offers. I have purchased some r17 and want some more. I have no need to go into my pocket to do this as I will wait for the 15th of this month. when they give some payout for r5-r6 and r9-r12 I will buy more r17. if they buy us out here I will get 10 shares of r17 and 1 share of r20. no buy out means only 1 share of each. At no time have they said A) we are giving you the choice to collect 20btc to be split 400 ways and we are jumping back to 3.3th. that has not been an offer to us. As for being afraid of btc jumping after the payout just hold the btc. I agree that if the deal is made and btc jumps to the moon before we get paid we are screwed. |
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Yeah, guys I love you but the economics on this are way off unless LTC goes through the roof. Going to have to pass on this one.
well if it is 25 shares for a rig . you pay 12 bucks over head 300/25 if the share earns 50 bucks - 12 = 38 dollars back in 1 month . at todays difficulty . ltc does go up and down in diff. I won't decide until r9-r12 gets settled. if I get a buyout and divs I would buy a share here maybe 2. I am certainly liking r17 more. but remember this machine will sell for parts as it has great gpus inside of it. so it will have value even if all mining dies. when I cashed in all my pc gear I sold 21 gpu's for over 4k. |
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still under hashing. looks like 1.8 not 3.3 and no knc miner added http://www.dzminercoop.com/?page_id=302 we have earned about 18 btc since dec 1st we are short about 5btc in just the dec 1 to dec 11 time frame at a diff of 908 mill 3.3th earns 1.827 btc a day. the current 1.8th on lines earns .9966 btc a day roughly .83 btc short each day if the rate stays at 1.8 vs 3.3 so if the dividend was today it would be 18/400 = .045 a share it should be 23/400 or .0575 a share. in usd it would be 39.96 vs 51.06 these figures do not count expenses and are rough estimates. but the idea that $40 vs $50 means as of today we are on schedule for 80% of what should be paid. _________________-----------------______________________----------------------------_______________________--------------------- total shortfall since the first day of hashing is a bit over 20btc or 20/400 = .05 btc about 45 usd a share. |
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I see Jan 15th as a date. I have a suggestion could you or anyone supply some ltc links for forum members. A ltc difficulty link. A ltc mining link. Showing ltc price in BTC USD EUR. In a sense to buy this it would help if some could know what 212 kh hash earns in a day. For instance most people may not know that LTC hash rate for a video card is in khs not mhs. I will try to post a few links. https://www.litecoinpool.org/calc 200 kH/s earns about .071 ltc a day http://bitcoinwisdom.com/litecoin/difficulty growth rate varies The bottom-line for this investment is a hope that ltc price raises and difficulty does not go nuts. found some info I may buy a share to get into the litecoin game. I never set up any of my btc gpu rigs to do lite coin. I still have a gpu rig |
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I see Jan 15th as a date. I have a suggestion could you or anyone supply some ltc links for forum members. A ltc difficulty link. A ltc mining link. Showing ltc price in BTC USD EUR. In a sense to buy this it would help if some could know what 212 kh hash earns in a day. For instance most people may not know that LTC hash rate for a video card is in khs not mhs. I will try to post a few links. https://www.litecoinpool.org/calc 200 kH/s earns about .071 ltc a day http://bitcoinwisdom.com/litecoin/difficulty growth rate varies The bottom-line for this investment is a hope that ltc price raises and difficulty does not go nuts. |
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