bigdude
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November 19, 2013, 10:48:17 PM |
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For those of you NOT on IRC. I will grace you with this glorious theorycraftage:
<kleeck> Here you go guys:
1400 BTC from Avalon Refund = $770,000. If we get machines at retail value, and not cost (unlikely, but we'll do worst case scenario) it'll cost $155,598,80 for 24.576TH/s and we can afford 4.94 fully loaded Platinum miners. (I'm guessing we can get that to 5 full machines with expansions). 5 X 24.576 = 122.88 TH/s. (The $770K is based off of a $550 BTC)
100TH/s is 2% of a 5PH network, (We are at 4.8PH currently). 2% of the TNH is 72 coins a day (2% of 3600 possible coins). 72 * 7 for the weekly net amount is 504. I'll cut it in half, for reinvestment, so we can keep up with the hashrate, so 252.
252 / 10,000,000 (not counting the other 15M yet) is .0000252/share. Which is $.01386/share @ $550 a BTC each week. Not bad for paying $.25 a share initially.
<kleeck> Read it and weep.
<kleeck> WEEP I SAY!
<FunkyMunky> Boner Alert!!
<kleeck> Warning! Reading the above may cause boners.
<kleeck> Yeah. I like those numbers. We need to get this plan in motion, though.
<FunkyMunky> That warning was too late!!
What's the IRC channel?
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chairforce1
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November 19, 2013, 10:49:25 PM |
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What's the IRC channel?
#activemining
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Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo
-Epicuru$
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chairforce1
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November 19, 2013, 10:50:40 PM |
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0.79849126 BTC just deposited. Wonder what this was..
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Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo
-Epicuru$
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auto2nr1
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November 19, 2013, 10:55:38 PM |
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What's the IRC channel?
#activemining How come you are not in the channel Mr. Secretary?
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zumzero
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November 19, 2013, 11:05:41 PM |
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Anyone considered the fact that kleeck's analysis and projections, while well intentioned, are an accidental red herring in this discussion?
Everyone is talking about cashing out the Avalon refund, but who says we need to any time soon? Ken's clearly not daft and will likely have the majority view that holding Bitcoin is wise as the price will be higher in the future. Anyway, I was under the impression that it was the hardware sales that were going to finance the construction of our mining farm and given Ken's recent excited announcement of the $1M sale, we had reached that milestone already.
I am of the view that IF someone wanted to maximise profits from selling btc in the near future, then this coming Monday/Tuesday we'll see prices in region of $1200 - $1700.
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kleeck
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November 19, 2013, 11:11:35 PM |
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Anyone considered the fact that kleeck's analysis and projections, while well intentioned, are an accidental red herring in this discussion?
Everyone is talking about cashing out the Avalon refund, but who says we need to any time soon? Ken's clearly not daft and will likely have the majority view that holding Bitcoin is wise as the price will be higher in the future. Anyway, I was under the impression that it was the hardware sales that we're going to finance the construction of our mining farm and given Ken's recent excited announcement of the $1M sale, we had reached that milestone already.
I am of the view that IF someone wanted to maximise profits from selling btc in the near future, then this coming Monday/Tuesday we'll see prices in region of $1200 - $1700.
Interesting thought. Regardless of the price of BTC that refund was and is for mining equipment. So we ought to buy mining gear with it and sooner the better.
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Ozymandias
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November 19, 2013, 11:15:57 PM |
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Holy hell, 1400btc at a paltry $1000/BTC gives us $1.4 million, how many wafers does all that buy us?
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zumzero
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November 19, 2013, 11:19:39 PM |
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I'm glad I don't have the responsibility of cashing it out!
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Vigil
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November 19, 2013, 11:30:36 PM |
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I am of the view that IF someone wanted to maximize profits from selling btc in the near future, then this coming Monday/Tuesday we'll see prices in region of $1200 - $1700. Wow, how did you come to that conclusion?
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minerpart
Sr. Member
Offline
Activity: 280
Merit: 250
IIIIII====II====IIIIII
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November 19, 2013, 11:36:47 PM |
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Why do you say that about Monday or Tuesday?
I predict we will not see 900USD again this year. We've seen Mrs China lose a mint now we are waiting for some big players to push this higher. And serious players will only get in on a good price. Right now a good price is sub 400, so expect a steady decline for the next six to eight weeks.
If anyone want's to cash out at a decent price they need to do so today.
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zumzero
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November 19, 2013, 11:50:23 PM |
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As Effayy said on the previous page, it will take that time for the new money to go through the system and the beginning of the week always starts with a spurt. (Edit: ..as we have yet to see the boost from the hearings) Here's the link to the reddit page I follow which is a brilliant source of speculative info. http://www.reddit.com/r/bitcoinmarkets
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minerpart
Sr. Member
Offline
Activity: 280
Merit: 250
IIIIII====II====IIIIII
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November 20, 2013, 12:01:37 AM |
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Good page. there is a guy on there predicting 170 USD bottom. A bit low for me but he's in the right territory.
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Rodyland
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November 20, 2013, 12:12:44 AM |
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This bubble and bust may have scared an awful lot of people off.
I don't think those words ("bubble" and "bust") mean what you think it means. When something is trading at an all time high, and then keeps making new all time highs, and then falls back to the price it was a few days ago (which was on the way up an all time high) then it's not a bust of a bubble. It's a necessary price correction.
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Beware the weak hands! 1NcL6Mjm4qeiYYi2rpoCtQopPrH4PyKfUC GPG ID: E3AA41E3
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granitemouse
Newbie
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Activity: 45
Merit: 0
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November 20, 2013, 12:34:42 AM |
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This bubble and bust may have scared an awful lot of people off.
I don't think those words ("bubble" and "bust") mean what you think it means. When something is trading at an all time high, and then keeps making new all time highs, and then falls back to the price it was a few days ago (which was on the way up an all time high) then it's not a bust of a bubble. It's a necessary price correction. +1
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knybe
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November 20, 2013, 12:35:17 AM |
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dunno, everything seems right on schedule to me...
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granitemouse
Newbie
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Activity: 45
Merit: 0
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November 20, 2013, 12:40:50 AM |
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Bargraphics
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November 20, 2013, 01:00:36 AM |
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This bubble and bust may have scared an awful lot of people off.
I don't think those words ("bubble" and "bust") mean what you think it means. When something is trading at an all time high, and then keeps making new all time highs, and then falls back to the price it was a few days ago (which was on the way up an all time high) then it's not a bust of a bubble. It's a necessary price correction. Haven't you learned by now, a few of these "investors" that frequent this thread pick up words they see others use and toss them around in their own posts. It's hard to have a discussion in this thread because the only vocal people make everyone look like assholes when they have to be constantly corrected. +1 Rodyland for doing this job. I haven't seen you around but welcome you to come around more often. dunno, everything seems right on schedule to me... A little dramatic but proves my point BTC will always go up, it has been shown/proven
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hak8or
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November 20, 2013, 01:13:34 AM |
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Holy hell, 1400btc at a paltry $1000/BTC gives us $1.4 million, how many wafers does all that buy us?
You should be looking at the costs for masks, with 1.4 million probably giving you at best six layers using the 22nm node. (Pretty much very little)
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Bargraphics
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November 20, 2013, 01:17:05 AM |
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Holy hell, 1400btc at a paltry $1000/BTC gives us $1.4 million, how many wafers does all that buy us?
You should be looking at the costs for masks, with 1.4 million probably giving you at best six layers using the 22nm node. (Pretty much very little) eASIC NRE was ~1M, the node is 28nm, the masks are paid for already. The 1.4M would go directly toward Wafers/Boards/Components I estimate eASIC Wafer Costs to be around $12,000 to $15,000 but they could have a considerable markup on them due to them being "In Hand" and "Ready to go". If anyone knows the size of a Nextreme Chip you can estimate how many chips per wafer fairly easily.
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wasubii
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November 20, 2013, 01:21:31 AM |
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Mmmmm but even if we know how many chips we will get we still have no idea of the chip performance
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