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Tehfiend
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January 30, 2014, 05:51:19 PM |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. +1 |
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philipma1957
Legendary
 Online
Activity: 4116
Merit: 7849
'The right to privacy matters'
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January 31, 2014, 12:40:15 AM |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
well you have a point so far we mined 12 coins from 15th to now. go to 13.5 by pay day and pull off .5 we spilt 13 coins that is 10400 usd. if we put up 3.2 th in miners lets say mostly s-1 we would be selling 16 of them you can sell one right now for 2k on ebay easy sale so that would be 32k take off 10 percent in fees your are at 29k. lets say we get 1 robbed (ebay can be tough we would clear 27k that is 33.75 btc or consider selling them on this site for btc 1.8 btc a machine x 16 machines = 28.8 btc or about 23k |
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dbasql
Full Member
 Offline
Activity: 219
Merit: 100
Ethics and Science need to shake hands
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January 31, 2014, 04:08:20 AM |
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I recommended on selling on the 18th and still think that is the best course of action. We need some input from the GB leaders to see if this is something we can move forward with.
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mootinator
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January 31, 2014, 05:17:09 AM |
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I'm ready to cash these out. (Mind you I only count for 1/400).
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No
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thomas_s
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January 31, 2014, 05:34:19 AM |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
Actually this is not true, the management fee is a percentage of total mined (0.5%), the hosting fee is what remains unchanged and well that fee is required to keep the machines active / powered. As for selling the units that's fine if everyone / most people want to it will be added to the next payout (as the payout is on the first if the sale happens soon after the payout can be done early as there will be a large amount of coins in the wallet). I think we actually have someone that gave an offer today for all of them but I have to confirm the price. |
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bcabes
Member
Offline
Activity: 65
Merit: 10
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January 31, 2014, 05:37:06 AM |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
Actually this is not true, the management fee is a percentage of total mined (0.5%), the hosting fee is what remains unchanged and well that fee is required to keep the machines active / powered. As for selling the units that's fine if everyone / most people want to it will be added to the next payout (as the payout is on the first if the sale happens soon after the payout can be done early as there will be a large amount of coins in the wallet). I think we actually have someone that gave an offer today for all of them but I have to confirm the price. Thanks Thomas. Please pursue that offer and find out a concrete price. Also, it was mentioned that the plan was to sell namecoins once there was a decent number. When are you thinking of selling them? |
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thomas_s
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January 31, 2014, 05:51:33 AM |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
Actually this is not true, the management fee is a percentage of total mined (0.5%), the hosting fee is what remains unchanged and well that fee is required to keep the machines active / powered. As for selling the units that's fine if everyone / most people want to it will be added to the next payout (as the payout is on the first if the sale happens soon after the payout can be done early as there will be a large amount of coins in the wallet). I think we actually have someone that gave an offer today for all of them but I have to confirm the price. Thanks Thomas. Please pursue that offer and find out a concrete price. Also, it was mentioned that the plan was to sell namecoins once there was a decent number. When are you thinking of selling them? We were actually talking about it earlier today when the offer was given, and I was bad and forgot the numbers I think I know them but don't want to give the wrong information. Namecoins last they were sold was about a month and a half ago I'll check what the balance is on the account and do a sale to include in the next payout (on the 1st) |
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davedx
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January 31, 2014, 07:11:32 PM |
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I'd vote (5 shares) to sell at this point. Thanks again for your hard work guys. Wish BTC mining had worked out less shaky for me  |
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philipma1957
Legendary
Online
Activity: 4116
Merit: 7849
'The right to privacy matters'
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January 31, 2014, 07:31:56 PM |
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I am with dave on this. I vote my 5 shares for sell off the s-1's put them up for sale right after we get the feb 1 payout. or combine the payout and the sale . 3.2th in hand is worth about 28-35btc and the pay out is about 13 btc so 1 last pay off for 41-48 btc across 400 shares comes to .1 btc - .12 btc each share.
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nicksmith
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January 31, 2014, 07:35:35 PM |
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ditto, lets sell and cash out
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Ridicuss
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January 31, 2014, 09:17:25 PM
Last edit: January 31, 2014, 09:40:58 PM by Ridicuss |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
well you have a point so far we mined 12 coins from 15th to now. go to 13.5 by pay day and pull off .5 we spilt 13 coins that is 10400 usd. if we put up 3.2 th in miners lets say mostly s-1 we would be selling 16 of them you can sell one right now for 2k on ebay easy sale so that would be 32k take off 10 percent in fees your are at 29k. lets say we get 1 robbed (ebay can be tough we would clear 27k that is 33.75 btc or consider selling them on this site for btc 1.8 btc a machine x 16 machines = 28.8 btc or about 23k The only problem I see with your calculation is, BITMAIN is selling now for 1.45 shipped https://bitmaintech.com/productDetail.htm?pid=00020140107162747992Ce5uBuxW06D6. Might want to consider a little lower price point than 1.8. I know it was inferred to sell e-bay, but if you want to sell on this forum I think it should be lower than 1.45. I have no proof but I believe BITMAIN will be dropping prices again soon. I have 10% of this round and dont really care if it sells now or not. Just something to ponder. |
Man, I wish I could change my avatar!
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bobsag3
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January 31, 2014, 10:22:17 PM |
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Sorry thomas forgot to post it- We were offered 28BTC, with the stipulation that the transaction be completed by monday. This is BTC that is on hand, and can be added to the payout on the first to close this out. If we chose to go this route, I will waive tomorrow's hosting fee, adding as little extra to the payouts. ~.07BTC per share around there.
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Ridicuss
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January 31, 2014, 10:56:24 PM |
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Sorry thomas forgot to post it- We were offered 28BTC, with the stipulation that the transaction be completed by monday. This is BTC that is on hand, and can be added to the payout on the first to close this out. If we chose to go this route, I will waive tomorrow's hosting fee, adding as little extra to the payouts. ~.07BTC per share around there.
That offer sounds more than fair to me so If you are holding a vote, my vote of 40 shares says; Sell! This would close a chapter in DZminer CO-OP history. And in my opinion a nice one! |
Man, I wish I could change my avatar!
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bcabes
Member
Offline
Activity: 65
Merit: 10
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January 31, 2014, 11:44:12 PM |
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Sorry thomas forgot to post it- We were offered 28BTC, with the stipulation that the transaction be completed by monday. This is BTC that is on hand, and can be added to the payout on the first to close this out. If we chose to go this route, I will waive tomorrow's hosting fee, adding as little extra to the payouts. ~.07BTC per share around there.
I also vote to sell for my 7 shares. Thanks for all that you do bobsag. |
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yomamanodros
Member
Offline
Activity: 91
Merit: 10
“Create Your Decentralized Life”
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January 31, 2014, 11:51:34 PM |
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I vote to sell with my 4 shares. I think there is enough interest in selling that an email should be sent out for an official vote. Let's get this done!
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trinsic
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February 01, 2014, 12:08:36 AM |
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I'll vote to sell my 20 shares.
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Vagnavs
Legendary
Offline
Activity: 1121
Merit: 1003
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February 01, 2014, 01:56:11 AM |
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I'll vote yes to sell the 10 shares I have.
Regards,
Brian
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Avalanche is a must own
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Vagnavs
Legendary
Offline
Activity: 1121
Merit: 1003
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February 01, 2014, 02:00:18 AM |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
well you have a point so far we mined 12 coins from 15th to now. go to 13.5 by pay day and pull off .5 we spilt 13 coins that is 10400 usd. if we put up 3.2 th in miners lets say mostly s-1 we would be selling 16 of them you can sell one right now for 2k on ebay easy sale so that would be 32k take off 10 percent in fees your are at 29k. lets say we get 1 robbed (ebay can be tough we would clear 27k that is 33.75 btc or consider selling them on this site for btc 1.8 btc a machine x 16 machines = 28.8 btc or about 23k wasn't there a shortfall of about 14 BTC? Mr. numbers. Just curious |
Avalanche is a must own
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Bhosted
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February 01, 2014, 02:47:53 AM |
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If you want to sell you ants let me know. They will need to be less then what Bitmain is selling them for. Maybe able to work out a deal to take all of them.
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philipma1957
Legendary
Online
Activity: 4116
Merit: 7849
'The right to privacy matters'
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February 01, 2014, 05:23:18 AM |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
well you have a point so far we mined 12 coins from 15th to now. go to 13.5 by pay day and pull off .5 we spilt 13 coins that is 10400 usd. if we put up 3.2 th in miners lets say mostly s-1 we would be selling 16 of them you can sell one right now for 2k on ebay easy sale so that would be 32k take off 10 percent in fees your are at 29k. lets say we get 1 robbed (ebay can be tough we would clear 27k that is 33.75 btc or consider selling them on this site for btc 1.8 btc a machine x 16 machines = 28.8 btc or about 23k wasn't there a shortfall of about 14 BTC? Mr. numbers. Just curious yes there was a shortfall of coins. but with the crash not burn (?) of round 17 a lot of us are antsy (pun intended). so if we take 13/14 earned and cash the units out for 28 btc we are close to 41-42 btc. which would help . frankly I had expressed fears that this could happen if round 17 had a big issue like it has had. the buy out plus earnings comes to about .1 btc a share. yeah we can fight over the shortfall of hash and say we deserve 55 btc over 400 shares not 41/42. But I want some coins now. and a total of 41 btc would get us closer to roi in btc and definitely roi in fiat. |
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