joeventura
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October 15, 2013, 07:50:41 PM |
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yes received 0.0001
Was wondering where the hell that came from!! LOL
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33Warlord
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October 15, 2013, 10:15:19 PM |
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I received mine & sent a PM also.
Thanks again for running this!
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Charles999 (OP)
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October 15, 2013, 10:41:46 PM |
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Everyone who's confirmed their address should have their first payment already. Let me know if there are any issues. Charles
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adamthefishman
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October 15, 2013, 11:56:45 PM |
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Thanks Charles.
Good to see the start of roi.
Just for the records, what exact period does this payment cover?
I believe the next payments will be approx 2 weeks apart, is this correct?
Regards,
Adam
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Charles999 (OP)
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October 16, 2013, 01:05:00 AM |
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I was thinking, it might be best to payout everytime we get close to 9-10 BTC. If we send a lot of small payments, we'll run into a lot of transaction fees. So next payment will probably be about a week and a day or so.
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conceptxp
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October 16, 2013, 06:48:24 AM |
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received 0.0001
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superresistant
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October 16, 2013, 07:44:27 AM |
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I was thinking, it might be best to payout everytime we get close to 9-10 BTC. If we send a lot of small payments, we'll run into a lot of transaction fees. So next payment will probably be about a week and a day or so.
If you own 1 share, the transaction fee represent 0.088% of the amount so it is not an issue. I guess it is some work to send all transactions one by one, just do it when you have time.
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ivanlabrie
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October 16, 2013, 12:16:04 PM |
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I was thinking, it might be best to payout everytime we get close to 9-10 BTC. If we send a lot of small payments, we'll run into a lot of transaction fees. So next payment will probably be about a week and a day or so.
Transaction fees are not much, but they add up... Chuck, you got pm bro.
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superresistant
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October 17, 2013, 06:34:52 AM |
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Yes if we can make more than the expected ROI. I'll put some math later.
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superresistant
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October 17, 2013, 08:57:41 AM Last edit: October 17, 2013, 09:54:44 AM by superresistant |
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So here is the maths : The maximum expected profit is 2140usd, the total price for the two machines was 5990usd See estimationTotal price + max profit = 8130usd So 4065usd for one machine which is 2542gbp. Considering the lowest price from ivanlabrie link was 2668.09gbp, selling the machines on ebay is a good option. We would instantly get our money back plus the expected profit. What do you guys think ? EDIT : About the expected profit, it is hard to estimate it. On my estimation I used a difficulty increase of 117% per month because it is the actual trend. It could be less but it could be more. An other thing is the electricity cost, because of it, we should start to loose money in about 7 months unless we have free electricity.
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ivanlabrie
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October 17, 2013, 11:45:25 AM |
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Problem would be if the guy mines and then does a paypal chargeback, and we get screwed after 45 days.
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superresistant
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October 17, 2013, 12:36:05 PM |
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Problem would be if the guy mines and then does a paypal chargeback, and we get screwed after 45 days.
Fuck Paypal, only do in hand transaction with cash.
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thegoldbug
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October 18, 2013, 03:20:29 AM |
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I have to admit that this purchase of shares looks like my only bitcoin mining hardware investment that will break even.
These shares look like they will even make a profit so the question is how greedy should I (we) be?
A 20 percent profit (over a 6 month period) sounds great.
Unfortunately, there are a probably a number of us with loses in other bitcoin hardware investments and I'm sure we would all like to make as much as practical on this investment to help offset some of those other losses.
I would vote for selling if we could get a guaranteed return of 20% on our investment. Let the new buyer take on the risk of worrying about rising difficulty rates.
Sure, we might miss out on more profits but keep in mind there is a LOT of hashing coming online quickly and by selling we miss out on the potential loses.
Just my two cents.
thegoldbug
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Charles999 (OP)
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October 18, 2013, 04:03:40 AM |
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We need 41+ shares to win the vote to sell or attempt to sell. I will list on ebay if we get enough votes.
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ivanlabrie
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October 18, 2013, 05:21:41 AM |
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Agreed, I say we list it for sale soon. An auction sounds good to me, and meanwhile we keep mining with it.
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thegoldbug
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October 19, 2013, 12:55:48 AM |
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Ebay listing for a Saturn for sale in Ireland is up to US$5,532 and has 8 bids.
Those 3 Saturns I mentioned for $4250 on ebay yesterday are gone today.
It appears we could sell our Saturn for a very good price and make far more than 25% return on our money (in what 6 months or less). That's a huge return.
But we need others to vote in favor of this!
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everybodyclapyohands
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October 19, 2013, 01:08:41 AM |
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I am in favor of selling with a reserve price so we don't lose any money. That's better than what mining BTC can guarantee at this stage.
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