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AngelSky
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August 05, 2013, 01:46:46 AM |
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holding basic-mining is owning your share of love.
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creativex (OP)
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August 05, 2013, 02:22:17 PM |
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Our BFL gear seems to be enjoying the cool evenings. This winter could be very interesting.  |
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creativex (OP)
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August 05, 2013, 02:25:59 PM |
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I'm following many securities months and I have to say that basicmining seems one of the most robust. I'm in, don't let me down  Ty, welcome aboard Pompobit. My management style is a bit too conservative for some it seems, but I would hope my choices make sense over time. There are a whole lot of icebergs out there to navigate around. Cheers. |
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deltanine
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August 05, 2013, 02:28:05 PM |
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holding basic-mining is owning your share of love.
I agree 100%. This security has been great to own. I really enjoy following creativex. Great APR, sober management that gets every ounce out of the equipment he orders. What is not to love? |
Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
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creativex (OP)
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August 05, 2013, 07:30:48 PM |
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NEWS RELEASEbASIC-Mining reaches 1Th/s milestonebASIC-Mining is pleased to announce the receipt of it's long awaited batch 3 Avalon. This is a four module unit capable of 85-100Gh/s. The company's newest hardware addition has already been configured and is mining. With this addition the company's hashrate has grown to 1,025,000Mh/s. bASIC-Mining management remains committed to a policy of strong growth and careful hardware selection in this rapidly expanding Bitcoin network environment. The company's active hardware assets consist of the following: (1) BFL Minirig SC (4) BFL Single SCs (1) Avalon 4 module rig (3) Avalon 3 module rigs (2) Radeon HD 6770 GPUs (2) Radeon HD 7770 GPUs bASIC-Mining has a very strong balance sheet with zero debt, 1120BTCs in reserve, and daily growth fund contributions of 30% of mining revenue. Cheers, CreativeX   https://bitcointalk.org/index.php?topic=130982.0https://docs.google.com/spreadsheet/ccc?key=0ArTS7AD--9SWdDNfb0lRNElqS1k1eGRoWEw2TGM4NlE#gid=0
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djjacket
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August 05, 2013, 07:46:28 PM |
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 Quick Ship - Nice! Just in time for that difficultly increase to keep our payouts up.
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MilkyLep
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August 05, 2013, 07:49:24 PM |
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No kidding that Avalon showed up pretty fast after customs! Looks like the Avalon 4 module is hitting a higher hashrate than advertised already? Time to gobble up some more shares. And over 1100 BTC to spend on BitFury/KNC/etc miners when available. Oh my! Maybe it's time to lower the amount invested into the daily growth fund.  |
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creativex (OP)
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August 05, 2013, 07:57:41 PM |
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Indeed, DHL was really fast.  Looks like the Avalon 4 module is hitting a higher hashrate than advertised already? The hashrate numbers displayed on the stats page should be taken with a grain of salt, but the rig has overclocked itself to 360Mhz right at this moment which is performance equaled only by our batch 1 unit. I'm collecting data points for a proper DiffA/Time performance evaluation. Cheers. |
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cashmere
Newbie
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Activity: 10
Merit: 0
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August 05, 2013, 08:23:01 PM |
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I love that you are conservative Creative!
Too many people want more hashing power without understanding what goes into it, especially in a market where pre-orders are abundant and actual deliveries are rare (and create a spectacle).
If you are long on Bitcoin you will want measured results that count, and I have a feeling that is how you roll.
There is a lot of chatter on the boards but I'm glad you stay focused and only do what really needs to get done. 1-2 years from now there will be a few heavyweights in the game and I hope that you (and I, as a shareholder) are still one of them.
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xhomerx10
Legendary
Offline
Activity: 3836
Merit: 7979
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August 05, 2013, 09:27:42 PM |
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I hate to be a "me too"-er but I have to agree with Cashmere - well said.
This is a fast changing niche and Creativex seems like the person to keep us well seated in it.
Take care
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creativex (OP)
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August 05, 2013, 09:31:20 PM |
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Thank you both for the vote of confidence, it's much appreciated.
Cheers.
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Carnth
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August 05, 2013, 09:57:17 PM |
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NEWS RELEASE
...
Haha. I can't believe you sneaked rig pr0n into btct.co  <golf clap> |
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lunarboy
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August 05, 2013, 11:03:11 PM |
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Awesome work Mr. C a resounding vote of confidence !  I'm in strong agreement with the others, keep up the conservative but strong expansion, this market is exploding it would be very easy and tempting to greedily buy buy buy without doing the sums first. I assume you've seen this thread https://bitcointalk.org/index.php?topic=267552.0 Cointerra. thats not a recommendation just highlighting how rapidly this market is exploding and giving yet more options. next stop 2TH |
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creativex (OP)
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August 05, 2013, 11:15:16 PM |
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Haha. I can't believe you sneaked rig pr0n into btct.co <golf clap> Hi lunarboy, yeah I saw it. Another potential vendor generously offloading the risks associated with chip development to investors that think they're customers. You'd think the pre-order model would be played out by now. Cheers. |
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creativex (OP)
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August 06, 2013, 12:12:38 AM
Last edit: August 06, 2013, 12:46:58 PM by creativex |
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Early results from our batch 3 Avalon. After 6h46m17s the #s are:
111269 Avg Mh/s(This is unreliable)
10073 HW Errors
24.7930 HW Errors/Minute
1.6734% HW Error Rate
Utility 45.81
DiffA 601937
DiffA/Minute = 1481.5695(shares/minute)
The rig is stock, I simply opened it up and connected the big Antec 1300w platinum, which of course has to be outside the case as it won't fit within. I've had it set for auto overclock and 90% fan speed nearly since I got it set up. The speed has slowly ramped from 325Mhz to 361Mhz and then reset back to 325 on at least two occasions that I've observed. This is different than the restarts the older units display in that it's not restarting cgminer. Overall I'd say the performance is solid. I suspect it could benefit from increased airflow, but probably won't speed up significantly. The shares/minute stat has been steadily rising so I wouldn't be surprised if we level off above 1500/min, which is very respectable.
Cheers.
Edit: After 19h35m16s:
111670 Avg Mh/s
31190 HW Errors
26.5387 HW Errors/Minute
1.7243% HW Error Rate
Utility 41.02
DiffA 1808884
DiffA/Minute = 1539.1264(shares/minute)
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creativex (OP)
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August 06, 2013, 03:34:39 PM |
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Major pool issues this morning. As a result I've switched all our BFL gear over to btcguild pps, which seems to be fine, until I can get it sorted.
Cheers.
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vaderiffic
Newbie
Offline
Activity: 13
Merit: 0
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August 07, 2013, 03:56:28 AM |
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What about bASIC buying back 1000 or so shares while the prices are low?
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miTgiB
Full Member
Offline
Activity: 251
Merit: 100
Du hast
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August 07, 2013, 11:39:45 AM |
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What about bASIC buying back 1000 or so shares while the prices are low?
Prices are still double the highest price treasury shares were sold at, would be a very poor use of funds while equipment has been attainable |
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creativex (OP)
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August 07, 2013, 12:19:04 PM |
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The 24h Avg is more than 4x our highest IPO price. Let me crunch some numbers and determine if it makes any sense to buy shares back, and if so at what price point.
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creativex (OP)
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August 07, 2013, 12:27:48 PM |
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Not entirely sure what happened with our bfl mining equipment yesterday morning. The mining software switched from polmine to 50btc(1st failover) for some reason, but instead of mining it went into a wait state which does not activate the watchdog timer I have setup in case of a crash. I caught it fairly quickly, but we lost nearly an hour of mining revenue with the minirig and singles. Everything is back to normal and seems fine now.
Cheers.
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