Anybody do the math on what the next dividend is going to be?
according to addiction wallet, we have 87btc based on eligius, unpaid balance is 30btc+ give or take, 1 day of mining at 14.5TH is equivalent to 27-30btc 87 + 30 + 90 (remainder of the day till weekend) = 207btc and then we have this The total of the one time costs amounts to 2.685445 per miner(0.00021657 per addiction share). This is divided over the following costs:
PSU: 1.16028 BTC
Transport: 1.44318 BTC
Setup hosting: 0.081981 BTC
27 miners * 2.685445 = 72btc i was hoping there would be a BTC/USD correction on that 2.685445 per miner, considering this post was made when the rate was US$150? now its back to US$195 207 - 72 = 135btc total of next dividend 135btc / 400,000 share (bitfunder and direct shares) = 0.0003375 per share? you are mixing bitfunder with direct which can be confusing. gb1 a direct share = 100 bitfunder shares gb2 a direct share = 50 bitfunder shares gb3 a direct share = 50 bitfunder shares Not sure about group 3 So if you have 10 direct group buy 2 shares (most of us in the USA) you have the equal of 500 bitfunder shares. so direct owners like myself need to multiply the number by 50 or 100. My 25 shares of group buy 2 = 1250 bitfunder shares so 1250 x .0003375 = .421875 btc. that seems about right . I do agree that a small adjustment of btc needs to be made more like 2.0 btc a miner. I also think your dividend guess is close. |
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Thank you philipma1957 , its just that 0.3 BTC x 15 days = 1.5 btc lost , a single restart wont loose as much.  But after reading what Redacted posted , I think we should just go back to 0.95 & not touch the machines there after , I am fully confident that organizers of this group buy are genuine good people & will take care of things fine. that is not the loss. the loss is .389 btc in 10 days. 30gh is lost and it could be due to a lessor chip. 30gh is .0567 btc today 1 day. 30gh is .0567 btc tomorrow 2 days. that comes to .1134 btc on the third day when diff jumps to 380 mill the loss is .039 btc for 1 day so 11 days at that difficulty is .429 btc plus the .1134 btc that comes .5424 over the next 13 days |
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I've been in the line of work of Test & Evaluation and R&D for 10 years at mostly low TRL numbers, and I can tell you that these miners are all essentially prototypes.
There was no long term testing so it's natural to have variability in chip yield and board performance. Firmware and software are still in a huge state of flux.
It sucks, but that's the kinds of risks we all take going in. IIRC, Jupiters were sold as 400GH/s units so looking at it from a glass half full perspective would probably be more realistic. In this case as we're talking about the world's first 28nm chips in a super short time frame to get to market, bumps and weirdness along the way are to be expected.
YOU ARE WRONG THE GLASS IS 52/55 FULL! LOL At Ashitank : The current mining difficulty is 267,731,249. The next difficulty is estimated to change by 42.16% to 380,608,553 on block #266,111. That should be 1 days 18 hours 7 mins 18 seconds from now. from https://bitclockers.com/calc I am 56 years old and have worked with computers since I am 18. They vary, they vary a lot. I have used more then 500 intel cpu chips. When overclocking they vary, they vary a lot. If you want to f with our 520 miner trying to get it to be as good as our 550 miner I get that. I have toyed around with pc gear tweaked it to make it bigger, faster ,stronger . Sometimes it works sometimes it does not work. So risking 520 to get 30 more does not appeal to me. 520 is .97 btc a day. 30gh is .056 btc a day I do not like those odds. in a day difficulty goes to 387 mill (est) 520 will earn 6.744btc in 10 days 30 will earn .389btc in 10 days . So down time would be a bad thing you are chasing after .4 coins and using 6.8 coins to get it. The next 2 diff adjustments will be big 99% up time for the next 20-25 days is very important. Most of us took a shot that diff would be a little less then 40% each jump. I for one do not want to send "good money after bad" a 550 machine is 5% faster then a 520 machine. the next jump is 40% while the 5% would be nice we could create weeks of down time chasing the 5% just not worth it. |
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hello,
I'm interested in buying some shares on bitfunder but I'm a bit confused about the group buys...
A share receives dividends from all the miners currently online? (I see about 14TH/s)
All the hashing profits are divided by how many shares in total? So how much hashrate a share represents?
Thank you
27x 12400 = 334800 shares with the rights to get dividends Thank you, I see you are mining in P2Pool... Is there any public stats page available? If you can join bitfunder as a non us person the shares are at .003 btc. buying 300 shares is about 1 btc the dividend would be pretty good. I would think you would get a nice return on your shares. based on last week you would get .06 btc for 1 btc in 1 week that comes to %6 in a week. it will drop as difficulty goes down. I don't understand your calculations... If a share is worth ~40MH/s, 300 shares would be ~12000MH/s. So, with the current difficulty and owning 300 shares, I should get about 0.16 btc per week. Where this 0.06 comes from? you are correct so you would get close to 18% based on the last dividend of .0006 x 300 = .18 300 shares at .003 are close to 1 BTC my math was wrong |
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... A quiet space heater sounds good to me.
This is exactly my plan for this winter! Keep the heat off and run mining equipment all around my home to keep it toasty.  Yeah my den was always cold until BTC. Last year I pulled so much power with gpus my house was down right hot. From oct to apr. This winter I will run 88 - 100 sticks in my den it will keep my den warm. |
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i am not understanding as you are saying that both you and canary are selling at cost price.
but canary says that if stock is low there will be a delay in other words he will soon get more stock in but there might be a delay.
now why would anyone want to get more stock in if they are only selling at cost price
anyone care to explain
thank you
Asicminer has stopped manufacturing and are clearing inventory. They'll take whatever they can get for the rest. yeah and people that want sticks need to understand what they are buying. ie free power in your home/apartment/dorm/job sticks are good. also do you live in the USA and heat your home with electrical power well then sticks are great for home heating. for example 100 stick setup on a pc will pull 400 watts 24/7. hash at 33gh and break even at the 2.1 bill diff mark but it will give you about 2000 btus of heat an hour 24/7. I live in the Northeast so every day from now (until 2.1 bill diff) on I will generate about 50000 btus of heat that will help to heat my home. So sticks still work for the right buyer these will be earning for me until APR of 2014. A quiet space heater sounds good to me. |
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QUESTION since R5 and R6 are my all time best preorders and have paid out unlike so many other group buys I was wondering ( actually I forgot). are the payouts twice a month? so the next one would be about oct 31 or nov 1st?
Thanks phil
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Can I please buy some with USD?
PM me. Anyone else wanting to pay in dollars, please pm me and I will try to help you out. I was not looking to under cut you in anyway. I am going to sell 50 of the 70 I purchased from you today on my ebay store. I know you normally only take BTC. So I mentioned that I will go back and delete it. Sorry about that. Best regards phil |
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I am going to grab some sticks maybe 60
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SSinc I want to thank you again for addressing my concerns a week or so ago. Once this sorts out I will send you business. You were very fair and unbiased to me. I just posted a + trust for you.
Best Regards Philipma1957
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hello,
I'm interested in buying some shares on bitfunder but I'm a bit confused about the group buys...
A share receives dividends from all the miners currently online? (I see about 14TH/s)
All the hashing profits are divided by how many shares in total? So how much hashrate a share represents?
Thank you
27x 12400 = 334800 shares with the rights to get dividends Thank you, I see you are mining in P2Pool... Is there any public stats page available? If you can join bitfunder as a non us person the shares are at .003 btc. buying 300 shares is about 1 btc the dividend would be pretty good. I would think you would get a nice return on your shares. based on last week you would get .06 btc for 1 btc in 1 week that comes to %6 in a week. it will drop as difficulty goes down. |
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I will keep an eye on this buy. I may get 2 shares of it. coinbase got over 200 usd this morning
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i'm waiting til the end of december. i also want to see the pool up first. the fact that it's taking a long time worries me.
HE made payments for July contracts and has stopped. This is most likely over and done with. Maybe he will pull a rabbit out of his hat, but he paid me 1.02 btc on my contract. I should have collected about 3-4 btc if it had been correctly paid from the promised date of JULY 4th. BTC is now about 180 usd. so 3 BTC would have been 540 usd back on 717 invested. 4 would have been 720 back and break even. 1.02 is about 190 usd back on 717 usd. Oh well. I joined this to help bitminter.com and frankly I got f'd. Just about the same usd as BFL about 550 usd here and about 534 usd from BFL. These 2 investments are my BTC losses so far. Oh about .1btc from a NMC to BTC exchange. forgot the name but they are long gone. |
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I don't understand why no one rate Emmanuel, the reputation is important for new buyers... If you think this is a scam... you should rate him.
It is done I gave him a negative feedback. Anyone that really has a contract that has not been paid should consider the same. https://bitcointalk.org/index.php?action=trust;u=90645 |
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Regarding power, several motherboards and USB 2.0 hubs have charge ports with >=2 A current. Looking forward to the release of these sticks. Good job!
Charge ports don't provide a data connection usually. They are for just that...charging. So you can plug things into the slots but the OS will not see them. The anker hubs have a port like that. that is why the hubs I picked are better they will allow up to 1.2 amps per port and all ports are data ports. They have far spacing so fitting 6 sticks and a fan should be a breeze. This is the closest hub I have seen to what I would be looking for. But you will be lucky to get 6 of these running on that hub. More likely 5 + fan is all you will be able to do. 6 of these draw more than 5 amps of current. More than those hubs can provide. And at $30 a hub? I might as well pay a little bit of extra money, buy the anker hub or similar knock off, and get an extra stick or two running on one hub. I disagree I think they will run 6 no problem, but we won't know till the sticks come. THAT IS with the psu attached not the brick that comes with it. |
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What's the expected ROI at this point? I hesitate to buy into any more mining until everything stabilizes.
Also, when will Paypal be back up as an option. I'm not planning on spending any more BTC.
I will personally never be able to offer paypal, again. They locked my account, limited my funds and are still holding 12k of my funds "just in case". PAYPAL suffered large losses from our favorite ASIC dealer BFL so when ever they see BTC they are very cautious. I am a 10 year customer/seller on ebay. More then 200k in sales and 100k in purchases with paypal. I sold about 500 AM usb sticks from July to OCT this year they held up a few orders. My buying selling record is spotless. Or to quote paypal/ebay reps "remarkable" Yet they held funds on 2 or 3 orders until they were delivered. These were in hand orders shipped the same day and the money was frozen for 2 or 3 days. To slayermine : Also many slick buyers attempt to return goods after 30-40 days of mining so paypal sales are tough . I purchased DZ's ebay/paypal sale on miner 6 to prevent some a hole from hurting the coop or his wifes account. |
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