plasmoske
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Activity: 308
Merit: 251
The realist
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September 04, 2013, 09:26:00 AM |
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http://mining.thegenesisblock.com/a/6dd76c6ce6Mine looks good. The biggest problem with your calculation is you used BTC for price of hardware. 90 BTC. Just want to know where you got 90 from? Because in-order to have paid 90 BTC, the exchange price would've had to been at $70. It hasn't been at $70 for quite some time now so... dumb or just starting shit?  Oh wait you're that idiot who canceled their order because you're bad at maths and now you're in here now just to troll/spread fud because you're butthurt.
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klee
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Activity: 1498
Merit: 1000
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September 04, 2013, 09:27:19 AM |
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http://mining.thegenesisblock.com/a/6dd76c6ce6Mine looks good. The biggest problem with your calculation is you used BTC for price of hardware. 90 BTC. Just want to know where you got 90 from? Because in-order to have paid 90 BTC, the exchange price would've had to been at $70. It hasn't been at $70 for quite some time now so... dumb or just starting shit? Wasn't it around 70$ when he ordered? |
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noodle73
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Activity: 71
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September 04, 2013, 09:33:26 AM |
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Oh that Genesis block calculator is just nuts. I get materially different results from it each week - down to more than just exchange rate and difficulty changes. Perhaps they are mucking about with it. Besides, I think power consumed and likely output isn't accurate given what KNC have been saying recently
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bbxx
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September 04, 2013, 09:35:02 AM |
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Oh that Genesis block calculator is just nuts. I get materially different results from it each week - down to more than just exchange rate changes. Perhaps they are mucking about with it. Besides, I think power consumed and likely output isn't accurate given what KNC have been saying recently
but you can mine altcoins  |
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plasmoske
Sr. Member
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Activity: 308
Merit: 251
The realist
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September 04, 2013, 09:36:54 AM |
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So... 7000 (miner) + 1610 (vat) + 150 (shipping) + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC Nowhere near 90 BTC. I just entered your numbers in (the correct non-fud numbers) and you definitely will ROI. |
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noodle73
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September 04, 2013, 09:37:13 AM |
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Oh that Genesis block calculator is just nuts. I get materially different results from it each week - down to more than just exchange rate changes. Perhaps they are mucking about with it. Besides, I think power consumed and likely output isn't accurate given what KNC have been saying recently
but you can mine altcoins Well indeed... I think you have to take them all with a pinch of salt and if you're jumping on board for the ride then you need to show some nerve too. |
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Rampion
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Activity: 1148
Merit: 1018
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September 04, 2013, 09:40:36 AM |
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So... 7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC Nowhere near 90 BTC. Yep, 70ish BTC is also the figure I'm considering from the very first minute to calculate ROI. I paid in $$, but you know, the right way to calculate the return is to see if you at least recoup the same amount of coins you could have bought with your $$ when you placed the order. The miners are still profitable, but honestly is not looking very good. If they are only a couple of weeks late, it will be hard to reach break-even. Do not forget that all those calculators consider 100% uptime, which never happens. Calculating 90% to 95% uptime is much more reasonable, I'd recommend to insert 360GH/s as hashrate for a 400GH/s unit in order to factor possible downtime. |
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plasmoske
Sr. Member
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Activity: 308
Merit: 251
The realist
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September 04, 2013, 09:43:22 AM |
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Do not forget that all those calculators consider 100% uptime, which never happens. Calculating 90% to 95% uptime is much more reasonable, I'd recommend to insert 360GH/s as hashrate for a 400GH/s unit in order to factor possible downtime.
Agreed but 90% would be a bit extreme. 95-97% would be good numbers. There's also the possibility of KNC overdelivering - 500gh/s instead of 400gh/s???  Anything above 400gh/s and we will do really good. |
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bbxx
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September 04, 2013, 09:52:38 AM |
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So... 7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC Nowhere near 90 BTC. Yep, 70ish BTC is also the figure I'm considering from the very first minute to calculate ROI. I paid in $$, but you know, the right way to calculate the return is to see if you at least recoup the same amount of coins you could have bought with your $$ when you placed the order. The miners are still profitable, but honestly is not looking very good. If they are only a couple of weeks late, it will be hard to reach break-even. Do not forget that all those calculators consider 100% uptime, which never happens. Calculating 90% to 95% uptime is much more reasonable, I'd recommend to insert 360GH/s as hashrate for a 400GH/s unit in order to factor possible downtime. Sorry i messed up. miner was ordered 8.06.2013 with price 108$ 7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC Nowhere near 90 BTC. 7000 (miner) + 1610 (vat) + 150 shipping + 50-100 (bitcoin fees?) + 886$ 10% group buy fee = 9746$ / $108 = 90BTC |
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sickpig
Legendary
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Activity: 1260
Merit: 1008
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September 04, 2013, 09:56:47 AM |
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http://mining.thegenesisblock.com/a/6dd76c6ce6Mine looks good. The biggest problem with your calculation is you used BTC for price of hardware. 90 BTC. Just want to know where you got 90 from? Because in-order to have paid 90 BTC, the exchange price would've had to been at $70. It hasn't been at $70 for quite some time now so... dumb or just starting shit? Oh wait you're that idiot who canceled their order because you're bad at maths and now you're in here now just to troll/spread fud because you're butthurt. If he hadn't canceled his order he would have made a few bucks of profit, in case KnC will keep promises and really over deliver in terms of Hash power, let's say 450 GH/s. |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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plasmoske
Sr. Member
Offline
Activity: 308
Merit: 251
The realist
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September 04, 2013, 10:04:24 AM |
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If he hadn't canceled his order he would have made a few bucks of profit, in case KnC will keep promises and really over deliver in terms of Hash power, let's say 450 GH/s. The biggest flaw in his calculation is that he's a groupbuy customer - not an average customer. So it's kinda misleading when he runs around screaming "it's not profitable" when it really is for the average customer. Groupbuyers ALWAYS overpay. And your few bucks, could possibly be in the thousands. Kinda hard to see the difficulty doubling every month... forever. Groupbuys are good for the people who don't want to risk the full amount or don't have the money available. The bad thing about groupbuys is that they're highly risky (the owner of the miner can just disappear and nothing you can do about it), you overpay for GH/s and have to pay some fees. They don't represent the average customer. |
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bbxx
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September 04, 2013, 10:12:45 AM |
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http://mining.thegenesisblock.com/a/6dd76c6ce6Mine looks good. The biggest problem with your calculation is you used BTC for price of hardware. 90 BTC. Just want to know where you got 90 from? Because in-order to have paid 90 BTC, the exchange price would've had to been at $70. It hasn't been at $70 for quite some time now so... dumb or just starting shit? Oh wait you're that idiot who canceled their order because you're bad at maths and now you're in here now just to troll/spread fud because you're butthurt. If he hadn't canceled his order he would have made a few bucks of profit, in case KnC will keep promises and really over deliver in terms of Hash power, let's say 450 GH/s. why 450 GH/s? real is 400 GH/s please stop unicorn dreaming http://mining.thegenesisblock.com/a/86741a2c2a |
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sickpig
Legendary
Offline
Activity: 1260
Merit: 1008
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September 04, 2013, 10:17:54 AM |
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If he hadn't canceled his order he would have made a few bucks of profit, in case KnC will keep promises and really over deliver in terms of Hash power, let's say 450 GH/s. The biggest flaw in his calculation is that he's a groupbuy customer - not an average customer. So it's kinda misleading when he runs around screaming "it's not profitable" when it really is for the average customer. Groupbuyers ALWAYS overpay. And your few bucks, could possibly be in the thousands. Kinda hard to see the difficulty doubling every month... forever. When I said a few bucks I was sarcastic  both because I did't really mean few bucks but a few hundread and because, as you said, exponential diff increase can't last forever |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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plasmoske
Sr. Member
Offline
Activity: 308
Merit: 251
The realist
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September 04, 2013, 10:24:41 AM |
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So lemme ask again. How did you come to pay 90 BTC for one miner? You're a groupbuyer are you not? Did you like buy 100% shares of a full miner and then paid the 10% groupbuy fee/other fees as well? If you didn't pay the 100% cost of a miner, shouldn't you just be entering in your amount worth of hash? Or are we trying to mislead/spread fud again? |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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September 04, 2013, 10:27:32 AM |
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So... 7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC Nowhere near 90 BTC. Yep, 70ish BTC is also the figure I'm considering from the very first minute to calculate ROI. I paid in $$, but you know, the right way to calculate the return is to see if you at least recoup the same amount of coins you could have bought with your $$ when you placed the order. The miners are still profitable, but honestly is not looking very good. If they are only a couple of weeks late, it will be hard to reach break-even. Do not forget that all those calculators consider 100% uptime, which never happens. Calculating 90% to 95% uptime is much more reasonable, I'd recommend to insert 360GH/s as hashrate for a 400GH/s unit in order to factor possible downtime. Sorry i messed up. miner was ordered 8.06.2013 with price 108$ 7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC Nowhere near 90 BTC. 7000 (miner) + 1610 (vat) + 150 shipping + 50-100 (bitcoin fees?) + 886$ 10% group buy fee = 9746$ / $108 = 90BTC Buying such an expensive, proffesional gear, as a consumer really sucks, because you will have to pay VAT and you won't be able to recoup it, which is a profit killer. IMO a $7k miner is not a consumer product at all, it should be bought by a registered company so you can recoup the VAT - or in case the registered company is in the EU, you won't be charged any VAT at all. |
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bbxx
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September 04, 2013, 10:28:19 AM |
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So lemme ask again. How did you come to pay 90 BTC for one miner? You're a groupbuyer are you not? Did you like buy 100% shares of a full miner and then paid the 10% groupbuy fee/other fees as well? no, i have bought some mining shares (with vat, shipping, group buy guy fee) but i have sold them |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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September 04, 2013, 10:29:25 AM |
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So lemme ask again. How did you come to pay 90 BTC for one miner? You're a groupbuyer are you not? Did you like buy 100% shares of a full miner and then paid the 10% groupbuy fee/other fees as well? no, i have bought some mining shares (with vat, shipping, group buy guy fee) but i have sold them Group buys of expensive professional items should be handled by companies, giving away +20% in VAT is just crazy. |
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bbxx
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September 04, 2013, 10:31:04 AM |
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So... 7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC Nowhere near 90 BTC. Yep, 70ish BTC is also the figure I'm considering from the very first minute to calculate ROI. I paid in $$, but you know, the right way to calculate the return is to see if you at least recoup the same amount of coins you could have bought with your $$ when you placed the order. The miners are still profitable, but honestly is not looking very good. If they are only a couple of weeks late, it will be hard to reach break-even. Do not forget that all those calculators consider 100% uptime, which never happens. Calculating 90% to 95% uptime is much more reasonable, I'd recommend to insert 360GH/s as hashrate for a 400GH/s unit in order to factor possible downtime. Sorry i messed up. miner was ordered 8.06.2013 with price 108$ 7000 (miner) + 1610 (vat) + 150 (shipping + 50-100 (bitcoin fees?) = 8860 / $120 = 73.8BTC Nowhere near 90 BTC. 7000 (miner) + 1610 (vat) + 150 shipping + 50-100 (bitcoin fees?) + 886$ 10% group buy fee = 9746$ / $108 = 90BTC Buying such an expensive, proffesional gear, as a consumer really sucks, because you will have to pay VAT and you won't be able to recoup it, which is a profit killer. IMO a $7k miner is not a consumer product at all, it should be bought by a registered company so you can recoup the VAT - or in case the registered company is in the EU, you won't be charged any VAT at all. you have to pay vat in your domestic country anyway you can substract it after if you have invoices from your customers so paid vat upwards - customer sales vat = real vat you have to count |
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sickpig
Legendary
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Activity: 1260
Merit: 1008
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September 04, 2013, 10:31:27 AM |
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have you ever heard talk about conditionals? bye anyway, I'm going back to sleep now |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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