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kslaughter (OP)
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June 16, 2013, 05:18:04 PM |
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We will sell them from time to time and add it to the Bitcoins to be used for
dividends.
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LorenzoMoney
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June 17, 2013, 01:27:51 AM |
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Ken,
A lot of AMC shareholders probably have Butterfly Labs machines on order and have chip credits. I have some BFL chip credits. If you think you are able to take the BFL chips and build complete miners from them, may I suggest asking AMC stockholders if they have BFL credits to offer up to AMC/VMC in trade for AMC shares.
I would love to keep my credits "in the family".
Lorenzo Money
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bigdude
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June 17, 2013, 03:49:41 AM |
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Ken,
A lot of AMC shareholders probably have Butterfly Labs machines on order and have chip credits. I have some BFL chip credits. If you think you are able to take the BFL chips and build complete miners from them, may I suggest asking AMC stockholders if they have BFL credits to offer up to AMC/VMC in trade for AMC shares.
I would love to keep my credits "in the family".
Lorenzo Money
Wow - that's actually a brilliant idea! |
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funkymunky
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June 17, 2013, 08:15:52 AM |
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Ken,
A lot of AMC shareholders probably have Butterfly Labs machines on order and have chip credits. I have some BFL chip credits. If you think you are able to take the BFL chips and build complete miners from them, may I suggest asking AMC stockholders if they have BFL credits to offer up to AMC/VMC in trade for AMC shares.
I would love to keep my credits "in the family".
Lorenzo Money
Definitely, I was about to post my up for sale. I'd happily "swap" them for AMC shares. Fantastic Idea  |
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kslaughter (OP)
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June 17, 2013, 10:01:56 AM |
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@LorenzoMoney Great idea.
Just downloaded BFL reference board, so we will be looking at it today.
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Vbs
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June 17, 2013, 11:16:53 AM |
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BFL chips have a delivery of around 14.3 weeks after order. Each batch of 100 chips will have an average speed of 382.5GH/s (due to binning). Since an Avalon 10k batch is ~2.8TH/s, for comparison, that's 7.32 BFL batches (732 chips). Using the current $100.94/ BTC, the cost is BTC544 (@$75/100 chips) or BTC362.6 (@$50/100 chips), with 50% to be paid now and 50% on delivery. The proposition seems interesting, especially since only 50% needs to be paid upfront. The only drawback is really the 14.3 wks delivery time, which is a HUGE ONE. One month of mining @2.8TH/s with 10k Avalons that arrived one month before (9-10wks delivery), even at 60M difficulty (est sep-oct) is around BTC670/month, which effectively makes a 10k order of BTC782 in fact cost only BTC112, just because it arrived one month earlier.  |
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Vbs
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June 17, 2013, 11:28:20 AM
Last edit: June 17, 2013, 01:24:17 PM by Vbs |
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I won't be posting the png anymore as they take up a lot of space in the thread. Here is the address that AMC uses to withdraw its mining revenue to. Use this address to see how much BTC we have mined. We withdraw from BTCGuild if we get over 1 BTC in the account. http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCaYou should increase the limit, as each of those transactions will incur the 0.0005 network tx fee penalty.  Maybe make it ~1 tx/day? At the moment that's a ~BTC6 threshold. Edit: Fees are paid by btcguild, it seems. |
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kslaughter (OP)
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June 17, 2013, 11:43:17 AM |
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I won't be posting the png anymore as they take up a lot of space in the thread. Here is the address that AMC uses to withdraw its mining revenue to. Use this address to see how much BTC we have mined. We withdraw from BTCGuild if we get over 1 BTC in the account. http://blockchain.info/address/1DJpsvnM7xTnQbWEhLYyCyfxQyxwupEzCaYou should increase the limit, as each of those transactions will incur the 0.0005 network tx fee penalty. Maybe make it ~1 tx/day? At the moment that's a ~ BTC6 threshold. Doesn't look like any fees are being charged to us. However, I did change it to 5 BTC to cut down on the number of transactactions. |
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Vbs
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June 17, 2013, 12:04:42 PM
Last edit: June 17, 2013, 12:43:27 PM by Vbs |
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Doesn't look like any fees are being charged to us. However, I did change it to 5 BTC to cut down on the
number of transactactions.
Yes, you are correct. There are BTC0.0015 fees in those transactions but they seem to be paid by BTCGuild. They also group as many tx as they can to minimize fees.  |
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matuszed
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June 17, 2013, 01:01:12 PM |
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@LorenzoMoney Great idea.
Just downloaded BFL reference board, so we will be looking at it today.
As an AMC shareholder with pre order BFLs, that I have no plans on using the chip credits with, I would gladly swap the credits for AMC stock, even at a discount. |
"Markets can remain irrational longer than you can remain solvent." -Keynes
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wonker
Member
 Offline
Activity: 103
Merit: 10
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June 17, 2013, 02:25:24 PM |
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Bitfunder seems to have some problems? At least i cant login atm.
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fk1
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June 17, 2013, 03:33:57 PM |
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Me too
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Kushedout
Legendary
Offline
Activity: 1123
Merit: 1000
SaluS - (SLS)
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June 17, 2013, 06:01:44 PM |
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Bitfunder seems to have some problems? At least i cant login atm.
Login works from my Android phone but not desktop. |
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ThickAsThieves
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June 17, 2013, 06:03:47 PM |
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Bitfunder seems to have some problems? At least i cant login atm.
Login works from my Android phone but not desktop. Clear your cache, etc, the problem should be resolved. |
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John818
Newbie
Offline
Activity: 31
Merit: 0
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June 17, 2013, 06:06:44 PM |
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Hi Ken. I have discount credits for 16 chips from Butterfly Labs. You can have mine for free as I'm a shareholder.
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kslaughter (OP)
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June 17, 2013, 06:50:15 PM |
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Hi Ken. I have discount credits for 16 chips from Butterfly Labs. You can have mine for free as I'm a shareholder.
Thanks, That will help. |
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Vbs
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June 18, 2013, 12:39:03 AM
Last edit: June 18, 2013, 12:50:17 AM by Vbs |
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Doesn't look like any fees are being charged to us. However, I did change it to 5 BTC to cut down on the number of transactactions.
You know, since there are no tx fees to be paid by us, your initial threshold of BTC1 is a good choice, as that means less BTC "at risk" in the btcguild account in case of hacks/ddos/downtime/etc. |
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kslaughter (OP)
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June 18, 2013, 01:11:00 AM
Last edit: June 18, 2013, 01:26:53 AM by kslaughter |
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Doesn't look like any fees are being charged to us. However, I did change it to 5 BTC to cut down on the number of transactactions.
You know, since there are no tx fees to be paid by us, your initial threshold of BTC1 is a good choice, as that means less BTC "at risk" in the btcguild account in case of hacks/ddos/downtime/etc. Yes, that is exactly what I was thinking, so I have changed it back to 1 BTC. Also, what is nice is the amount in the bitcoin address will always be within ~1 BTC of the total for the week, giving investor a transparent look into how much we are mining. |
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