nwfella
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Activity: 1582
Merit: 1000
Well hello there!
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February 05, 2014, 10:42:32 AM |
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Diff. increase 2,621,404,453
Even 2.8GH/share is going to be looking pretty bleak at 0.05/btc come a couple more of these. This is getting bad imho. Really starting to appear as though 35% reinvestment strategy is no longer going to cut it.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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MonkeyBear68
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February 05, 2014, 11:29:23 AM |
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Diff. increase 2,621,404,453
Even 2.8GH/share is going to be looking pretty bleak at 0.05/btc come a couple more of these. This is getting bad imho. Really starting to appear as though 35% reinvestment strategy is no longer going to cut it.
Hopefully the mid-Feb adjustment will just kick in and we will get 3.45 GH/s per share. After we see what the weekly dividend is for a few weeks, if it consistently is dropping then we need to increase the reinvestment % till it is no longer dropping. If we do not do this then ultimately we will end up with dividends that are too small and the share value will drop to reflect this. I was big investor in the HMF fund and watched as lower dividends ultimately cause the price per share to slowly drop. The HMF price is now 1/10 of what it was at the peak last June. An average dividend that is maintained consistently is better than an initially high dividend that whitles away to nothing. |
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ujka
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February 05, 2014, 11:55:12 AM |
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I think given the late start we should increase the reinvestment percentage, at least temporarily. Otherwise we are sitting on a dead duck.
I tend to agree with reinvestment % increase. Problem can be as where to get new hardware, all major manufacturers sold pre-orders up to May? |
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rdyoung
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Activity: 994
Merit: 1000
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February 05, 2014, 02:35:29 PM |
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I think given the late start we should increase the reinvestment percentage, at least temporarily. Otherwise we are sitting on a dead duck.
I tend to agree with reinvestment % increase. Problem can be as where to get new hardware, all major manufacturers sold pre-orders up to May? They posted a few days ago that they are working on pcbs and with software engineers for implementation of bitmines A1 chip. |
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rdyoung
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Activity: 994
Merit: 1000
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February 05, 2014, 02:39:20 PM |
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Ah perfect, Great explanation. So, technically speaking it is possible not only to keep up with the difficulty, but also exponentially grow over time with the 35% added from dividends each week. Especially in the case where the difficulty slows down at some point? Would I be correct in saying this?
Whether we keep up with difficulty all depends on what the increase is and what they are paying per GHS. In the short term I don't see us keeping nose to nose with difficulty, but as long they bring on enough at a low enough cost that we instead of lose the 20% we net -10% or so, I am ok with that, because the increases will level off eventually. |
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Aireun
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Activity: 113
Merit: 10
Perpetual optimism is a force multiplier.
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February 06, 2014, 01:33:57 AM |
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That would be great in theory. Also, a nice boost in the value of the exchange would be nice! Anyone here anymore talk of BTC projections still being estimated in the 5 to 10 thousands by late July/august? (one can dream, but optimism is key in this market).
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pleiotropik
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February 06, 2014, 02:41:18 AM |
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Aireun: Part of the overall picture of where BTC will be in relation to the USD hinges on how badly the fiat currency will be managed. Although calling for BTC $10,000usd would be "good" news for Bitcoiners, the question remains... What will the world look like if the reference coin of the world suffers a nervous breakdown. imho $10,000 seems a stretch for the year of the horse. Will you settle for 1btc=$2,014 at the end of the year?
i'll wager 0.001btc that it´ll be closer to $2,000 than to $10,000.
But that was off topic. i divested myself of peta at a small loss... it stresses me out having to wait for Godot.
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rdyoung
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Activity: 994
Merit: 1000
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February 06, 2014, 03:48:22 AM |
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That would be great in theory. Also, a nice boost in the value of the exchange would be nice! Anyone here anymore talk of BTC projections still being estimated in the 5 to 10 thousands by late July/august? (one can dream, but optimism is key in this market).
I have read a few articles stating that wall street is 4-6 months from getting in bitcoin in a big way. If this true and Wall street's big money starts jumping in with etfs and the like, we could see another huge spike. My call is by this time next year we will have hit 10k but likely have settled back to 5k or so. I have no math or #s to back this up, consider it an off the hip with a little gut prediction. |
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XliptTit
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Activity: 56
Merit: 0
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February 06, 2014, 11:04:26 PM |
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criptx, could you please elaborate on how are we going?
thanks
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rdyoung
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Activity: 994
Merit: 1000
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February 07, 2014, 04:05:23 AM |
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Posts are trickling in the cointerra thread that people are receiving their miners. https://bitcointalk.org/index.php?topic=269093.1800Not sure what the shipment time is between texas and where ever petamines datacenter is for 30+ units, but it shouldn't be too long now. |
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trek27
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February 07, 2014, 07:54:37 AM |
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Posts are trickling in the cointerra thread that people are receiving their miners. https://bitcointalk.org/index.php?topic=269093.1800Not sure what the shipment time is between texas and where ever petamines datacenter is for 30+ units, but it shouldn't be too long now. CryptX is located in Belgium as, most probably, the datacenter for all equipment so the customs may cause some delay (Cointerra case). |
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EdoBcn
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February 07, 2014, 10:08:21 AM |
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Last update from Cryptix was February 03, 2014, 09:23:07 PM
So... maybe Monday he will let us know something.
Fingers crossed.
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DropDead.Be
Newbie
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Activity: 56
Merit: 0
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February 08, 2014, 01:05:20 PM |
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Will this mine only mine Bitcoin, or will/could they also mine the other SHA256 altcoins?
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EdoBcn
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February 08, 2014, 01:09:57 PM |
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Will this mine only mine Bitcoin, or will/could they also mine the other SHA256 altcoins?
Only btc. |
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Elvis Trout
Member
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Activity: 116
Merit: 10
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February 08, 2014, 04:11:25 PM |
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Will this mine only mine Bitcoin, or will/could they also mine the other SHA256 altcoins?
Only btc. why? |
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rdyoung
Legendary
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Activity: 994
Merit: 1000
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February 08, 2014, 05:18:18 PM |
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Will this mine only mine Bitcoin, or will/could they also mine the other SHA256 altcoins?
Only btc. why? Why not? |
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mruiter
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February 08, 2014, 06:24:12 PM |
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Hey CryptX
Is this you !? Or else you could sew for trademark
cryptx.io
New Exchange and just started a topic here in on bitcointalk for development of his Exchange.
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Aireun
Member
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Activity: 113
Merit: 10
Perpetual optimism is a force multiplier.
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February 08, 2014, 07:48:02 PM |
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So, does anyone got an idea on what the "middle of the month" date will be for the 3.45 increase threshold? Also, if peta mine exceeds this date and still does not start up will there be another 20% increase and will any of you wait any longer or sell off? (Thoughts/opinions Accepted)
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gigacoiner
Member
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Activity: 92
Merit: 10
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February 08, 2014, 08:16:09 PM |
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Why not mix mine? Will this mine only mine Bitcoin, or will/could they also mine the other SHA256 altcoins?
Only btc. why? Why not? |
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