Round 15/16 KnC Jupiter, DZ MC. Please move comments and ?s to this thread. Thx.

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[bobsag3]

Looks like 3 crashed again...

Should be up again. Theres something going on with another one of the jupiters, so I have the 4 stable ones on the GB for now.

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[bobsag3]

Thank you for baby sitting these guys. I thought the quality control on the knc's were Better than this. Good job bobsang3

Yeah Im not the happiest camper right now, but ill get around to fixing the other 2 tomorrow. Been a very very long week and I need more sleep.

[BorisAlt]

R15 is going strong. Yeah!

Can some one either say here or post a link that explains how "Net profit per share" is calculated?

Right now it says 0.31, which doesn't make sense to me while revenue per share is 0.01.

Also ROI says 96%.

Thanks! never mind. Was stupid.

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[mdude77]

First I would like to thank bobsang3 again for his generous action of using his own knc miners to keep us hashing 110%. Right after returning from a halfway around the world trip to China he forgone sleep instead to get us mining. He put the most reliable ones on this round and looks like we've been up for about 24 hours. Thank you bobsang3!

Now my proposal.

Looks like by 12/15/13 a payoff date we would have enough to get a S1. To me fees will eat into such a small payment for the GB individual shares and best paid on the next round. How about if we add to our hashing power instead with the mined coins?

Disclaimer I do not have a S1 or anything to do with the Antminer company or personally know anyone affiliated with the company. I am just a crazy miner at heart.

Any comment? I would prefer flames to silence even if you have zero vested in this. I also know what I ask is too short notice but the S1 is in production and probably will still be around couple weeks from now.

Let's prove group 15/16 can make decisions. For or against please post some opinions. Don't care either way too.

This is the second time I'm posting and the first time got zero response. I would like to hear from the coordinators too.

As bobsang3 is about to throw everything except the kitchen sink to help another round just to get them hashing what's wrong with increasing our hashing a bit now using the S1?

Thank you.

I don't know anything about the S1, so I can't provide any input on it.

M

[madpoet]

I have 2 in my basement right now.  Decent machines albeit a little flaky at times.  Easily overclocked to 200Ghz if you keep them cool.  That said, I want the payout in BTC.  I've got a ton tied up in miners, rigs, and GBs lately and need some actual results   At this point the S1s we could order won't ship until Dec 17th at the earliest and that means about a Dec 20th delivery.  That's a week of hashing we lose on them.  And if you look at the calculators they are already going to have a hard time making ROI.

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[railzand]

I'd want to start scraping some btc back from this round, but you're right, transaction fees will be a waste.

There are other great groupbuyers out there who set out from the getgo to reinvest part of the mined btc into new equipment.

Maybe dz could ask us to vote about that kind of model for r17

But I agree: 1. bobsag3 is heroic for letting us use his miner (how do we pay him back?)

2. Bitmain S1 was proven and worth having 2 weeks ago, but not now (so we should watch them for price drops (as if))

I also think dzmc would be a tiny bit stretched just at this minute to introduce new makes of hardware.

[thomas_s]

I'd want to start scraping some btc back from this round, but you're right, transaction fees will be a waste.

There are other great groupbuyers out there who set out from the getgo to reinvest part of the mined btc into new equipment.

Maybe dz could ask us to vote about that kind of model for r17

But I agree: 1. bobsag3 is heroic for letting us use his miner (how do we pay him back?)

2. Bitmain S1 was proven and worth having 2 weeks ago, but not now (so we should watch them for price drops (as if))

I also think dzmc would be a tiny bit stretched just at this minute to introduce new makes of hardware.

If someone can come up with a way we can do a revenue reinvestment like what you are saying we may be able to accommodate it, there are just a few things that need to be remembered.

1) For rounds this is taken in every share holder must put into this fund

2) We must find hardware to purchase for the hashpower

3) The rounds will be billed extra when new hardware arrives to pay for the hosting requirements of the new machine


The current way we allow reinvestment is for you the owners in the round to get your full payout and decide where you want to put that payout, either in another of our rounds (if any are open) or in another GB, or cashing out etc.

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[thomas_s]

Thank you again for the replies. I started this topic to be proactive as I have seen other rounds barely muddle through. In one I couldn't take it any longer and made a suggestion but they were so locked in to a choice as they moved at snail speed in a BTC world.

What I am not interested in is messing this round with tapeoutware. That can be left for other rounds.

I am interested in is adding more power at a lower price point. There are a lot of intelligent guys here that can run numbers and can think out of the box. Sure lots of us are spouting the same old song starting with just buy and hold. If I did that I would be sitting on a huge pot but the only reason why I bought was to mine. Stupid, crazy me. Currently I'm thinking of maximizing this round and also hopefully getting others in this round more proactive.

I see that the desire of this round will be to leave it as is and wait until an Antminer one opens or buy one and have bobsang3 host it. As I said the world moves like snail compared to BTC.

The 4 jupiters are hashing and hope they turn out to be low maintainance. Thank you.

We would be happy to try out a reinvestment program, but at the moment we don't have time to come up with one, if others want to give ideas we are open for it.

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[madpoet]

I've been part of and like reinvestment pools, I just want the cards on the table before we start about how it would be run and everyone buying in needs to buy in the same.  George (KnCMiningOps) has a very successful reinvestment pool.  And I like the Antminers very much (I've bought 4 of them).  But any reinvestment pool needs to be measured against what hardware is likely to be available, potential difficulty levels, etc;

[mdude77]

Thinking about this more, unless there's some incentive to reinvest automatically (a discount?), I don't see why we should do this.  We're all smart enough to be able to reinvest as we need to.

M

[thomas_s]

Payouts are tomorrow, ensure you see your address listed and the proper number of shares. Only notify us if there is a problem.

[BorisAlt]

My first GB payout! So excited.

[madpoet]

Just got what I assume is my payout for this round... I think.  Wasn't expecting anything else