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

[tyrion70]

Hey guys,

Short update:

1. We received word that we can pickup the remaining miners shortly so we should be hashing coming weekend at the latest! This includes GB3!

2. Dividends are due tomorrow evening so you have about 24 hours to transfer shares. After dividends are payed you can transfer shares again.

3. Bitfunder placed some additional information (quoted below for reference), in short you have until December 1st to verify or transfer shares. If you do nothing your shares will be transferred to us automatically and we'll be informed of your public BTC address. We'll keep the transfer process the same nonetheless during that time.

Cheers,

Bitfunder notice:

Supplemental Notice (October 11, 2013)

As of October 8, 2013, BitFunder is not assessing any new fees against any user BitFunder knows to be a U.S. person and whose account will be restricted in accordance with BitFunder's October 8, 2013 notice.

Users who are U.S. persons or users who fail for any reason to provide the information necessary to obtain "Verified" status are encouraged to transfer their shares from the BitFunder site to the respective issuer(s) no later than December 1, 2013.

As of December 2, 2013, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by any users that BitFunder knows to be U.S. persons or who did not obtain "Verified" status by December 1, 2013, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.

On December 2, 2013, all bitcoin balances in the accounts of users that BitFunder knows to be U.S. persons and users that did not obtain "Verified" status by December 1 will be transferred to their linked WeExchange accounts.

[btceic]

Thanks for the update!
Can you give us an estimation on the size of the dividend?

[maqifrnswa]

Again, this is one of the greatest organized and conceived group buys ever. Thank you!

[hasher87]

Thanks for the update!
Can you give us an estimation on the size of the dividend?

my take is 120-160 btc in total considering its only been a week since last dividend

[cr003l7y]

Bitfunder notice:

Supplemental Notice (October 11, 2013)

As of October 8, 2013, BitFunder is not assessing any new fees against any user BitFunder knows to be a U.S. person and whose account will be restricted in accordance with BitFunder's October 8, 2013 notice.

Users who are U.S. persons or users who fail for any reason to provide the information necessary to obtain "Verified" status are encouraged to transfer their shares from the BitFunder site to the respective issuer(s) no later than December 1, 2013.

As of December 2, 2013, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by any users that BitFunder knows to be U.S. persons or who did not obtain "Verified" status by December 1, 2013, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.

On December 2, 2013, all bitcoin balances in the accounts of users that BitFunder knows to be U.S. persons and users that did not obtain "Verified" status by December 1 will be transferred to their linked WeExchange accounts.

So I think that "do nothing" is a valid option then 

[tyrion70]

Hey guys,

Some good news! We are in the process of picking up and setting up the latest miners in the groupbuy. As you all probably understand this is taking up some time.. We therefore will not issue divs tonight but move them over to in the weekend.

This gives us a little more time to setup everything nicely, but also prepare everything to correct for the costs we have made so far and issue the shares on bitfunder.

This means you have until friday to request a change from bitfunder shares to direct shares (or ask us not to issue your shares to bitfunder). This weekend we will then (in this order) issue a last dividend on just GB1, issue GB2 shares, issue another div for GB2 and finally issue GB3 shares (thanks again maqifrnswa https://bitcointalk.org/index.php?topic=227400.msg2945258#msg2945258 )

That way, after the weekend all thats left is simply hash and pay dividends giving us a little break from a few exciting and very busy weeks (and allowing us to hopefully spend some time with our families as well )..

Luckily so far the miners have been very nice to us in terms of needed attention.

Cheers!
Blastbob & Tyrion70

P.S. Last overview of direct shares (for GB1) http://pastebin.com/pq7LBuB6 In the weekend GB2 and 3 will be added to this list as well so there's a complete public list available.

[cr003l7y]

For the sake of further transparency is there any chance for some live stats of Addiction miners from specific users / pools where miners are running? 

[Ditto]

For the sake of further transparency is there any chance for some live stats of Addiction miners from specific users / pools where miners are running? 

I have found this - http://eligius.st/~wizkid057/newstats/userstats.php/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS

[cr003l7y]

I have found this - http://eligius.st/~wizkid057/newstats/userstats.php/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS

Nice, the question is: is that all? 

[btceic]

I have found this - http://eligius.st/~wizkid057/newstats/userstats.php/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS

Nice, the question is: is that all? 

All time total payout: 112.52631262 BTC

[hasher87]

I have found this - http://eligius.st/~wizkid057/newstats/userstats.php/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS

Nice, the question is: is that all? 

All time total payout: 112.52631262 BTC

that 'AddiCt' really gave it all away lol tho i hope it really

considering that the minimum TH we should got is 7.5TH, this one shows up to 11.5TH?\

that should be an average of 766gh per miner, AND 83mh/s per share! 

[whisper]

Lets see what the final scores are...

[blastbob]

considering that the minimum TH we should got is 7.5TH, this one shows up to 11.5TH?\

that should be an average of 766gh per miner, AND 83mh/s per share!  

27 Miners @ 500GHs = ~13.5 THs

[bobboooiie]

Is there a regular time every week that divs going to get distributed ?

[blastbob]

Is there an regular time every week that divs going to get distributed ?

It has been some stressful weeks for both tyrion and me. KNC didnt make it easy for us.
So we decided that we needed to push the numbers to the weekend, to make sure it all goes smooth.

1. All miners are hashing.
2. Dividends will be paid this weekend, then it will be a regular payout  pattern after that.

[justanickname]

considering that the minimum TH we should got is 7.5TH, this one shows up to 11.5TH?\

that should be an average of 766gh per miner, AND 83mh/s per share!  

27 Miners @ 500GHs = ~13.5 THs

How much miners are hashing in Eligus,
And where are the other miners hash?

Thanks

[hasher87]

Is there an regular time every week that divs going to get distributed ?

It has been some stressful weeks for both tyrion and me. KNC didnt make it easy for us.
So we decided that we needed to push the numbers to the weekend, to make sure it all goes smooth.

1. All miners are hashing.
2. Dividends will be paid this weekend, then it will be a regular payout  pattern after that.

i do hope its an every week pattern. could be useful if we're decided to do a reinvestment for a better return, or maybe do some gyft shopping 

[CoinFarmer]

Today morning speed dropped to 10T#

[maqifrnswa]

Today morning speed dropped to 10T#

i wouldn't read too much into it yet. The original plan was to share the hashrate amongst several pools. It could be a hardware problem, or it could be just diversifying.

[blastbob]

Total hashrate is around 14TH/s. There is no hardware problems.

Big post most likely in the end of the weekend.