gigacoiner
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December 23, 2013, 07:17:58 PM |
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If we buy now for R17x, are we still in for the February batch?
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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philipma1957
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December 23, 2013, 07:25:40 PM |
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I believe we are still in for feb.
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smooth
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December 23, 2013, 07:50:30 PM |
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Frankly a roi in btc means nothing It makes a difference to mining because you can always just hold the BTC and wait for them to go up. Case in point this group buy currently costs around 0.2 BTC per share. If you just hold onto those 0.2 BTC you might do very well if the price of BTC goes up. Assuming the price does go up, to do better by sending it off to buy hardware you need to somehow eventually end up with more than 0.2 BTC at some point in the future. |
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madao
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December 23, 2013, 10:05:11 PM
Last edit: December 23, 2013, 10:55:21 PM by madao |
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#1386 I'm in for 5 shares, fingers crossed for a difficulty slowdown at some point  |
1PgVAFtdNoKeFDmCc6Vq2jd72au8qjj8wE
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philipma1957
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December 24, 2013, 01:14:24 AM |
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Frankly a roi in btc means nothing It makes a difference to mining because you can always just hold the BTC and wait for them to go up. Case in point this group buy currently costs around 0.2 BTC per share. If you just hold onto those 0.2 BTC you might do very well if the price of BTC goes up. Assuming the price does go up, to do better by sending it off to buy hardware you need to somehow eventually end up with more than 0.2 BTC at some point in the future. yes you can do that.. and you are leaving out the value of the gear. the gear has resale value. So 1 share at 130usd at 600 usd btc is .217 btc. pay that. and in 1 year 1 btc = 1200 so you have 260 usd / .217 btc buy a share for .217 btc and in 1 year earn .200 btc then sell the gear for .1 btc you have .3btc at 1200 = 360 the problem with thinking in btc roi is you use 1 path to profit and leave out hundreds of other paths. This is not to say that buying 10 btc from coinbase today at 6k stashing it in a safe wallet for 2 years completely ignoring it is a bad move. It is a simple 1 way 1 method choice to making money in the world of btc. Buying a share here is more complex. Doing both is more complex. doing that plus selling some gear on ebay and mining in your home along with setting gear up for local friend if far more complex. This is my limit. Others do all of that and write programs for mining and others do all that and write programs for new coins. |
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smooth
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December 24, 2013, 01:30:20 AM |
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Frankly a roi in btc means nothing It makes a difference to mining because you can always just hold the BTC and wait for them to go up. Case in point this group buy currently costs around 0.2 BTC per share. If you just hold onto those 0.2 BTC you might do very well if the price of BTC goes up. Assuming the price does go up, to do better by sending it off to buy hardware you need to somehow eventually end up with more than 0.2 BTC at some point in the future. yes you can do that.. and you are leaving out the value of the gear. the gear has resale value. No not at all. The resale value contributes to the 0.2 BTC (or more) you need to get out. As long as that happens, you are better off with the mining deal. If it doesn't happen, you are better off having put the 0.2 BTC in a drawer instead. Conceptually it isn't that complicated. What is complicated is coming up with an accurate prediction of difficulty before and during the useful life of the equipment. buy a share for .217 btc and in 1 year earn .200 btc then sell the gear for .1 btc you have .3btc at 1200 = 360
the problem with thinking in btc roi is you use 1 path to profit and leave out hundreds of other paths.
In that case your ROI in terms of BTC is positive (0.3 > 0.217). You haven't identified some other path to profit. |
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philipma1957
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December 24, 2013, 01:56:26 AM |
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Frankly a roi in btc means nothing It makes a difference to mining because you can always just hold the BTC and wait for them to go up. Case in point this group buy currently costs around 0.2 BTC per share. If you just hold onto those 0.2 BTC you might do very well if the price of BTC goes up. Assuming the price does go up, to do better by sending it off to buy hardware you need to somehow eventually end up with more than 0.2 BTC at some point in the future. yes you can do that.. and you are leaving out the value of the gear. the gear has resale value. No not at all. The resale value contributes to the 0.2 BTC (or more) you need to get out. As long as that happens, you are better off with the mining deal. If it doesn't happen, you are better off having put the 0.2 BTC in a drawer instead. Conceptually it isn't that complicated. What is complicated is coming up with an accurate prediction of difficulty before and during the useful life of the equipment. buy a share for .217 btc and in 1 year earn .200 btc then sell the gear for .1 btc you have .3btc at 1200 = 360
the problem with thinking in btc roi is you use 1 path to profit and leave out hundreds of other paths.
In that case your ROI in terms of BTC is positive (0.3 > 0.217). You haven't identified some other path to profit. well then if you look to define things in the world of btc you'll always be correct. a btc in is a btc out. so if I spent 105 usd for 1 btc in the month of sept 2013 and you spent 1152 usd for 1 btc in on nov 28th of 2013 and we both held our coins until today in your value system of btc only we are = at 1btc each and you are correct we both have 1 btc currently worth 650 usd. we traveled two separate paths to the same destination of equal btc 1 a piece. we put in a btc we took got back a btc so we both broke even . so do you want to be on the nov 28th path up to todays price or the sept 2013 path up to todays price? |
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smooth
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December 24, 2013, 02:09:50 AM |
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so if I spent 105 usd for 1 btc in the month of sept 2013
and you spent 1152 usd for 1 btc in on nov 28th of 2013
and we both held our coins until today in your value system of btc only we are = at 1btc each and you are correct we both have 1 btc currently worth 650 usd. we traveled two separate paths to the same destination of equal btc 1 a piece. we put in a btc we took got back a btc so we both broke even .
so do you want to be on the nov 28th path up to todays price or the sept 2013 path up to todays price?
I don't see the relevance of this example to a mining deal that is being offered right now. Right now -- not in September or November, but right now -- it costs around 0.2 BTC per share to get in on this deal. If you want to conclude that is a good deal you have to believe you will get >0.2 BTC per share out, otherwise you can just buy the 0.2 BTC right now and put it in a drawer. That will be a better investment than any mining deal offered right now that gets <0.2 BTC out. |
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philipma1957
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December 24, 2013, 02:13:59 AM |
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smooth I love you bro 'peace out'. never mind me it is just my accountant's training talking sorry bro.
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Hili
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December 24, 2013, 02:28:44 AM |
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Haha, each time I see this discussion about ROI'ing in either fiat or BTC I get this urge to chime in and try to convince others of my opinion. But the truth is that none of us will be able to convince the other, I tried already to convince philipma1957 on two occasions :p.
To each his own investment strategy. Let's just hope diff. increase goes back down.
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thomas_s (OP)
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December 24, 2013, 02:33:51 AM |
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New units (ones not already purchased) are in the March shipment. As of last night there were 49 shares open in the last unit we have on order for Feb.
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philipma1957
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December 24, 2013, 03:51:21 AM |
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Haha, each time I see this discussion about ROI'ing in either fiat or BTC I get this urge to chime in and try to convince others of my opinion. But the truth is that none of us will be able to convince the other, I tried already to convince philipma1957 on two occasions :p.
To each his own investment strategy. Let's just hope diff. increase goes back down.
yeah remind me when ever i get this way….. it is kind of like asking a Hindu to eat beef or a Jew to have a ham sandwich just bad form on my part. |
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philipma1957
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December 24, 2013, 03:53:54 AM
Last edit: December 24, 2013, 04:09:08 AM by philipma1957 |
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New units (ones not already purchased) are in the March shipment. As of last night there were 49 shares open in the last unit we have on order for Feb.
okay 2 shares please. in feb not march. I just paid for order #1391 2 shares 260 usd .. I think I now have 12 shares in this.. If these are march and not feb I do not want them……. the website says they are feb order. https://blockchain.info/tx/908934458830488f6b216cb7e2e7c875f7d232d4fa6f9a954ed6a6ae3cf249cdmy payout address is: 1Fo2K52Rz7LZw9fcF5BDdDBjfNaViQ8J3x |
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Konnon
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December 24, 2013, 04:15:50 AM |
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Its $100 per 2 week period, per unit.
Miners would be pointer to a pool of your choice, but we have a in house pooling coming in soon.
Any units ordered from here on out would be delivered Mid March.
New units (ones not already purchased) are in the March shipment. As of last night there were 49 shares open in the last unit we have on order for Feb.
Can you confirm whether my order is in the Feb or March order? I placed my order in the timeframe between the two quoted messages above. Are there any more Feb units left? Order: #1375 1 share |
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philipma1957
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December 24, 2013, 04:22:14 AM |
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Okay I am on the order page for me:
View Order
Recent Orders
ORDER DATE STATUS TOTAL
#1391 December 23, 2013 On-hold $260 for 2 items View
#1306 December 15, 2013 Processing $390 for 3 items View
#1303 December 15, 2013 Completed $260 for 2 items View
#1270 December 13, 2013 Processing $260 for 2 items View
#1259 December 13, 2013 Processing $130 for 1 item View
#1151 December 8, 2013 Processing $130 for 1 item View
#685 November 17, 2013 Completed $110 for 1 item View
So my payout address is the same for all of them
1Fo2K52Rz7LZw9fcF5BDdDBjfNaViQ8J3x
I was asked to send in emails for this and I did that yet they read processing.
Also todays order of 1391 for 2 shares is on-hold as I just paid it. It reads you have feb delivery date.
If you are out of feb or have some left let us know as the website reads feb.
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thomas_s (OP)
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December 24, 2013, 04:33:45 AM |
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Okay I am on the order page for me:
View Order
Recent Orders
ORDER DATE STATUS TOTAL
#1391 December 23, 2013 On-hold $260 for 2 items View
#1306 December 15, 2013 Processing $390 for 3 items View
#1303 December 15, 2013 Completed $260 for 2 items View
#1270 December 13, 2013 Processing $260 for 2 items View
#1259 December 13, 2013 Processing $130 for 1 item View
#1151 December 8, 2013 Processing $130 for 1 item View
#685 November 17, 2013 Completed $110 for 1 item View
So my payout address is the same for all of them
1Fo2K52Rz7LZw9fcF5BDdDBjfNaViQ8J3x
I was asked to send in emails for this and I did that yet they read processing.
Also todays order of 1391 for 2 shares is on-hold as I just paid it. It reads you have feb delivery date.
If you are out of feb or have some left let us know as the website reads feb.
Website says Feb if available (as there are a few available) if you replied to the emails then your fine, it takes too long to go into each order and change them and as we are basically working for free for this there is no way we have the time to go back into each order and change them to complete. |
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madao
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December 24, 2013, 04:36:51 AM |
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New units (ones not already purchased) are in the March shipment.As of last night there were 49 shares open in the last unit we have on order for Feb.
Does this mean my #1368 shares made it into feb? (provided there are no delivery delays, of course) |
1PgVAFtdNoKeFDmCc6Vq2jd72au8qjj8wE
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thomas_s (OP)
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December 24, 2013, 04:38:43 AM |
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New units (ones not already purchased) are in the March shipment.As of last night there were 49 shares open in the last unit we have on order for Feb.
Does this mean my #1368 shares made it into feb? (provided there are no delivery delays, of course) yep, right now we are filling the last x3 that was ordered and have a very small number of shares. |
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philipma1957
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'The right to privacy matters'
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December 24, 2013, 04:52:10 AM |
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Okay I am on the order page for me:
View Order
Recent Orders
ORDER DATE STATUS TOTAL
#1391 December 23, 2013 On-hold $260 for 2 items View
#1306 December 15, 2013 Processing $390 for 3 items View
#1303 December 15, 2013 Completed $260 for 2 items View
#1270 December 13, 2013 Processing $260 for 2 items View
#1259 December 13, 2013 Processing $130 for 1 item View
#1151 December 8, 2013 Processing $130 for 1 item View
#685 November 17, 2013 Completed $110 for 1 item View
So my payout address is the same for all of them
1Fo2K52Rz7LZw9fcF5BDdDBjfNaViQ8J3x
I was asked to send in emails for this and I did that yet they read processing.
Also todays order of 1391 for 2 shares is on-hold as I just paid it. It reads you have feb delivery date.
If you are out of feb or have some left let us know as the website reads feb.
Website says Feb if available (as there are a few available) if you replied to the emails then your fine, it takes too long to go into each order and change them and as we are basically working for free for this there is no way we have the time to go back into each order and change them to complete. okay I will double check. |
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gigacoiner
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December 24, 2013, 06:44:07 AM |
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Are there any more February shares available?
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