[BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH!

[blastbob]

When is the dividend payout schedule?

Sunday

[hasher87]

When is the dividend payout schedule?

Sunday

its down to US$175, this is what I'm afraid of if its in every 2 weeks

anyway hope the price stable or increase

[btceic]

Anybody do the math on what the next dividend is going to be?

[hasher87]

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?

[philipma1957]

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.

[hasher87]

yes that 400,000 shares was merely an approximation for the direct shares in bitfunder mode

[CoinFarmer]

BTW. I get verified today on WeEX - Someone was asking

[Stinky_Pete]

BTW. I get verified today on WeEX - Someone was asking

Me too.

[joele]

BTW. I get verified today on WeEX - Someone was asking

Me too.

I submitted one of my scanned id  Oct 12 and still pending.

[Ditto]

yes that 400,000 shares was merely an approximation for the direct shares in bitfunder mode

I thought it was 334800.

And we will have a massive difficulty jump some time during the next hour.

[PeZ]

I submitted one of my scanned id  Oct 12 and still pending.

It takes more than one to get verified.

[Kokomoka]

Just to clarify, if I take no action, will the dividends continue to be paid into my bitfunder account?

[hasher87]

Just to clarify, if I take no action, will the dividends continue to be paid into my bitfunder account?

all i know is that if your weexchange is not verified, you may not be able to access bitfunder again due to the assumptions that you are a US citizen

but if you're verified and non-us, dont see any problem there

[joele]

I submitted one of my scanned id  Oct 12 and still pending.

It takes more than one to get verified.

Yap, two already verified couple of days ago, but this last one still in progress.

[Kokomoka]

Just to clarify, if I take no action, will the dividends continue to be paid into my bitfunder account?

all i know is that if your weexchange is not verified, you may not be able to access bitfunder again due to the assumptions that you are a US citizen

but if you're verified and non-us, dont see any problem there

I am non-US and I have submitted docs to get verified. One of my other former BitFunder investments are now paying dividends direct to my wallet.

[tyrion70]

Allright dividend time!

Total mined btc this week: 182.3538877. The last difficulty raise caused us to mine only 30 btc in two days as opposed to ~27-28 per day the days before that.

As said last week we'll deduct the remaining one-time costs this week and next week. This week we'll deduct ~2/3rd of the remaining 72.50701867. Thats 47.50701867 btc (leaving 25btc for next week).

Hosting cost for last week are 10.16129032 btc. We pay hosting costs each week up-front so this amount will change each week as btc/eur price changes.

That leaves for dividends: 124.6855787.

Since all shares have been destributed we will not use the old GB shares anymore but only the bitfunder ones (in numbers). In bitfunder terms there are 27*12400 = 334800 shares.

Currently there are 69572 direct shares and 265228 shares on bitfunder.

Dividend per share = 0.00037241 btc.

Dividends will be payed in the coming few minutes.

Cheers

EDIT: latest list of direct shares, now complete with GB2 and GB3 direct shares: http://pastebin.com/7aEjmQqd

[philipma1957]

Allright dividend time!

Total mined btc this week: 182.3538877. The last difficulty raise caused us to mine only 30 btc in two days as opposed to ~27-28 per day the days before that.

As said last week we'll deduct the remaining one-time costs this week and next week. This week we'll deduct ~2/3rd of the remaining 72.50701867. Thats 47.50701867 btc (leaving 25btc for next week).

Hosting cost for last week are 10.16129032 btc. We pay hosting costs each week up-front so this amount will change each week as btc/eur price changes.

That leaves for dividends: 124.6855787.

Since all shares have been destributed we will not use the old GB shares anymore but only the bitfunder ones (in numbers). In bitfunder terms there are 27*12400 = 334800 shares.

Currently there are 69572 direct shares and 265228 shares on bitfunder.

Dividend per share = 0.00037241 btc.

Dividends will be payed in the coming few minutes.

Cheers

  my dividend  has been paid I had 25  shares  from group buy 2 which would be  1250 bitfunder shares I got  1250 x .00037241 = .4655125 btc not too shabby.

 I am now a happy camper.  Thank you.

[hasher87]

I'm looking to sell my remaining 2500 shares (that's 100ghash in total [40mhash * 2500])  for the US buyer, ready to transfer specifically on the 11th November, due to the fact that I've an order pending for payment soon and I'm in need to convert those to fiats. For those who are interested, you may PM me directly to talk about the price

Pricewise should be lower than CEX are offering

For the transaction, we can have Tyrion70/Blastbob as a middleman if that's ok

[Ditto]

I'm looking to sell my remaining 2500 shares for the US buyer, ready to transfer specifically on the 11th November, due to the fact that I've an order pending for payment soon and I'm in need to convert those to fiats

For the transaction, we can have Tyrion70/Blastbob as a middleman if that's ok

How much are you selling them for?

[hasher87]

I'm looking to sell my remaining 2500 shares for the US buyer, ready to transfer specifically on the 11th November, due to the fact that I've an order pending for payment soon and I'm in need to convert those to fiats

For the transaction, we can have Tyrion70/Blastbob as a middleman if that's ok

How much are you selling them for?

I've pm'd you