R23: 10.8ghs $132.80 [Closed] immediate hash

[MakuSoto]

paid for 2 shares via website coinbase

[patriks]

Purchased and paid via Coinbase

Will a google spreadsheet be setup for us to follow payouts/shares etc? Thanks and keep up the good work!

"Share This: I just paid DZMinerCoop in bitcoin using @Coinbase! https://coinbase.com/checkouts/52de925b9750de2de80000bb "

[bobsag3]

Purchased and paid via Coinbase

Will a google spreadsheet be setup for us to follow payouts/shares etc? Thanks and keep up the good work!

"Share This: I just paid DZMinerCoop in bitcoin using @Coinbase! https://coinbase.com/checkouts/52de925b9750de2de80000bb "

Yup yup!

[thomas_s]

This round is closed and will begin hashing tomorrow.


R24 will be used for the newer price / amount of hashpower.

[MakuSoto]

Has this started yet?  How do we know its' progress?

[bobsag3]

Has this started yet?  How do we know its' progress?

They just started hashing about 5minutes ago.

[patriks]

Wicked   Any stats page?

[EzCheese]

Wicked   Any stats page?

I second that, any stats/updates? 

[thomas_s]

Wicked   Any stats page?

I second that, any stats/updates? 

Its up on the backup site links on the new site on the top

[ofeefee]

are shares still available?  looks like I can purchase on the website still.

[eightcylinders]

I just bought into R23 based on the high recs you guys have and some personal recs that were made to me...

I just looked at the stats and ran some calculations and I am worried I may have made a mistake with this one.  Please don't take this the wrong way.. I am not trying to flame anyone here; I should have asked these questions before buying and I take full responsibility if my $$ are lost.  But I know dz has a great rep so I was really surprised when I ran numbers (yes, *after* I purchased I know this was ass-backwards).  I am just trying to understand if I made a bad investment - and to learn from it if so.  If my assumptions or calculations are wrong (I hope they are), please tell me! 

From the stats page .. it looks like R23 is earning only about 0.1152 BTC per day gross and has earned even less - a total of .5772 - during the past 7 days to date (Jan 22-28).  At that rate, R23 will have only about .9228 gross BTC at the end of the month in 3 days.

1) Will there be a payout on Feb 1?  I hope not, because is there is it appears that hosting (and to a much lesser extent management fees) will consume about 50% of the revenue (or will this be pro-rated for the partial month)?     

2) .1152 BTC per day seems really low for 540 Gh/s of hashing power.  I have a 150 Gh/s (partially defective) btmine hasher and 2 180 Gh/s antminer s1's that I just put up yesterday and they earned almost .19 BTC in the past 24 hours - they have about the same hashing power as this GB (550 - 560 Gh/s) (running a mix of Eligius, 50btc, Ghash and Slush's pools).  Also, the statistical (long run average) return should be closer to .248 BTC per day, according to the calculators.  Are there any reasons why is the per diem return is seemingly so low on the R23 miners, and should we expect that this will represent future performance?

3) I am concerned about the hosting fee .. at $700 per month, it appears that there will not be any profit at all in R23 even with the best assumption of per diem earnings (.248 per day).  I ran the calculator out for 90 days (so there would be exactly $2,100 of hosting fees, assuming pro-ration for partial months) and it looks like the entire profit margin of the R23 will be eaten up by the hosting fees!  And that is assuming the much higher statistical rate of .248 BTC/day under the current difficulty .. if we are only getting .1152 its going to be loss of over $1,000 (for the entire round).  Worse, after only two more difficulty increases the revenue from these machines probably won't be enough to pay hosting fees and I assume the round is shut down then and our capital is lost (which would be the end of February I think). 

FWIW, the calculator I use is the webified version of Zodiac1233's calculator (http://bitcoindetailedcalculator.appspot.com/) taking the entire round at once.  Output from this app follows my Q4 below. 

4) If my numbers are correct, this round seems to only make sense if there were a LOT more hashing power for the same hosting fee.. I just don't see how 540 Gh/s is going to cut it with $700 a month in hosting fees at least at these difficulty levels.  Is there any way to add to this round (more Gh/s) without increasing hosting fees substantially?

Here is the output from the above-referenced calculator:

For these values ...

     MHash : 540000.0
     Difficulty : 2.193847870174279E9
     Days : 120
     Change : 1.32
     Watt : 0.0
     Electricity cost (USD/kwh) : 0.0
     USD/BTC rate : 850.0
     Equipment / contract (USD): 6640.0

You can expect ...

     Day 1: +0.248 BTC, Difficulty: 2193.848M, 0.248 BTC
     Day 2: +0.248 BTC, Difficulty: 2193.848M, 0.495 BTC
     Day 3: +0.248 BTC, Difficulty: 2193.848M, 0.743 BTC
     Day 4: +0.248 BTC, Difficulty: 2193.848M, 0.990 BTC
     Day 5: +0.248 BTC, Difficulty: 2193.848M, 1.238 BTC
     Day 6: +0.248 BTC, Difficulty: 2193.848M, 1.485 BTC
     Day 7: +0.248 BTC, Difficulty: 2193.848M, 1.733 BTC
     Day 8: +0.248 BTC, Difficulty: 2193.848M, 1.981 BTC
     Day 9: +0.248 BTC, Difficulty: 2193.848M, 2.228 BTC
     Day 10: +0.248 BTC, Difficulty: 2193.848M, 2.476 BTC
     Day 11: +0.188 BTC, Difficulty: 2895.879M, 2.699 BTC
     Day 12: +0.188 BTC, Difficulty: 2895.879M, 2.887 BTC
     Day 13: +0.188 BTC, Difficulty: 2895.879M, 3.075 BTC
     Day 14: +0.188 BTC, Difficulty: 2895.879M, 3.262 BTC
     Day 15: +0.188 BTC, Difficulty: 2895.879M, 3.450 BTC
     Day 16: +0.188 BTC, Difficulty: 2895.879M, 3.637 BTC
     Day 17: +0.188 BTC, Difficulty: 2895.879M, 3.825 BTC
     Day 18: +0.188 BTC, Difficulty: 2895.879M, 4.012 BTC
     Day 19: +0.188 BTC, Difficulty: 2895.879M, 4.200 BTC
     Day 20: +0.188 BTC, Difficulty: 2895.879M, 4.387 BTC
     Day 21: +0.188 BTC, Difficulty: 2895.879M, 4.575 BTC
     Day 22: +0.142 BTC, Difficulty: 3822.561M, 4.727 BTC
     Day 23: +0.142 BTC, Difficulty: 3822.561M, 4.869 BTC
     Day 24: +0.142 BTC, Difficulty: 3822.561M, 5.011 BTC
     Day 25: +0.142 BTC, Difficulty: 3822.561M, 5.153 BTC
     Day 26: +0.142 BTC, Difficulty: 3822.561M, 5.295 BTC
     Day 27: +0.142 BTC, Difficulty: 3822.561M, 5.437 BTC
     Day 28: +0.142 BTC, Difficulty: 3822.561M, 5.579 BTC
     Day 29: +0.142 BTC, Difficulty: 3822.561M, 5.721 BTC
     Day 30: +0.142 BTC, Difficulty: 3822.561M, 5.863 BTC
     Day 31: +0.142 BTC, Difficulty: 3822.561M, 6.006 BTC
     Day 32: +0.108 BTC, Difficulty: 5045.780M, 6.141 BTC
     Day 33: +0.108 BTC, Difficulty: 5045.780M, 6.249 BTC
     Day 34: +0.108 BTC, Difficulty: 5045.780M, 6.357 BTC
     Day 35: +0.108 BTC, Difficulty: 5045.780M, 6.464 BTC
     Day 36: +0.108 BTC, Difficulty: 5045.780M, 6.572 BTC
     Day 37: +0.108 BTC, Difficulty: 5045.780M, 6.680 BTC
     Day 38: +0.108 BTC, Difficulty: 5045.780M, 6.787 BTC
     Day 39: +0.108 BTC, Difficulty: 5045.780M, 6.895 BTC
     Day 40: +0.108 BTC, Difficulty: 5045.780M, 7.003 BTC
     Day 41: +0.108 BTC, Difficulty: 5045.780M, 7.110 BTC
     Day 42: +0.108 BTC, Difficulty: 5045.780M, 7.218 BTC
     Day 43: +0.082 BTC, Difficulty: 6660.429M, 7.311 BTC
     Day 44: +0.082 BTC, Difficulty: 6660.429M, 7.392 BTC
     Day 45: +0.082 BTC, Difficulty: 6660.429M, 7.474 BTC
     Day 46: +0.082 BTC, Difficulty: 6660.429M, 7.555 BTC
     Day 47: +0.082 BTC, Difficulty: 6660.429M, 7.637 BTC
     Day 48: +0.082 BTC, Difficulty: 6660.429M, 7.718 BTC
     Day 49: +0.082 BTC, Difficulty: 6660.429M, 7.800 BTC
     Day 50: +0.082 BTC, Difficulty: 6660.429M, 7.881 BTC
     Day 51: +0.082 BTC, Difficulty: 6660.429M, 7.963 BTC
     Day 52: +0.082 BTC, Difficulty: 6660.429M, 8.044 BTC
     Day 53: +0.082 BTC, Difficulty: 6660.429M, 8.126 BTC
     Day 54: +0.062 BTC, Difficulty: 8791.767M, 8.189 BTC
     Day 55: +0.062 BTC, Difficulty: 8791.767M, 8.250 BTC
     Day 56: +0.062 BTC, Difficulty: 8791.767M, 8.312 BTC
     Day 57: +0.062 BTC, Difficulty: 8791.767M, 8.374 BTC
     Day 58: +0.062 BTC, Difficulty: 8791.767M, 8.436 BTC
     Day 59: +0.062 BTC, Difficulty: 8791.767M, 8.497 BTC
     Day 60: +0.062 BTC, Difficulty: 8791.767M, 8.559 BTC
     Day 61: +0.062 BTC, Difficulty: 8791.767M, 8.621 BTC
     Day 62: +0.062 BTC, Difficulty: 8791.767M, 8.683 BTC
     Day 63: +0.062 BTC, Difficulty: 8791.767M, 8.745 BTC
     Day 64: +0.047 BTC, Difficulty: 11605.132M, 8.801 BTC
     Day 65: +0.047 BTC, Difficulty: 11605.132M, 8.848 BTC
     Day 66: +0.047 BTC, Difficulty: 11605.132M, 8.895 BTC
     Day 67: +0.047 BTC, Difficulty: 11605.132M, 8.941 BTC
     Day 68: +0.047 BTC, Difficulty: 11605.132M, 8.988 BTC
     Day 69: +0.047 BTC, Difficulty: 11605.132M, 9.035 BTC
     Day 70: +0.047 BTC, Difficulty: 11605.132M, 9.082 BTC
     Day 71: +0.047 BTC, Difficulty: 11605.132M, 9.129 BTC
     Day 72: +0.047 BTC, Difficulty: 11605.132M, 9.175 BTC
     Day 73: +0.047 BTC, Difficulty: 11605.132M, 9.222 BTC
     Day 74: +0.047 BTC, Difficulty: 11605.132M, 9.269 BTC
     Day 75: +0.035 BTC, Difficulty: 15318.775M, 9.307 BTC
     Day 76: +0.035 BTC, Difficulty: 15318.775M, 9.343 BTC
     Day 77: +0.035 BTC, Difficulty: 15318.775M, 9.378 BTC
     Day 78: +0.035 BTC, Difficulty: 15318.775M, 9.414 BTC
     Day 79: +0.035 BTC, Difficulty: 15318.775M, 9.449 BTC
     Day 80: +0.035 BTC, Difficulty: 15318.775M, 9.485 BTC
     Day 81: +0.035 BTC, Difficulty: 15318.775M, 9.520 BTC
     Day 82: +0.035 BTC, Difficulty: 15318.775M, 9.556 BTC
     Day 83: +0.035 BTC, Difficulty: 15318.775M, 9.591 BTC
     Day 84: +0.035 BTC, Difficulty: 15318.775M, 9.626 BTC
     Day 85: +0.027 BTC, Difficulty: 20220.783M, 9.661 BTC
     Day 86: +0.027 BTC, Difficulty: 20220.783M, 9.688 BTC
     Day 87: +0.027 BTC, Difficulty: 20220.783M, 9.714 BTC
     Day 88: +0.027 BTC, Difficulty: 20220.783M, 9.741 BTC
     Day 89: +0.027 BTC, Difficulty: 20220.783M, 9.768 BTC
     Day 90: +0.027 BTC, Difficulty: 20220.783M, 9.795 BTC
     Day 91: +0.027 BTC, Difficulty: 20220.783M, 9.822 BTC
     Day 92: +0.027 BTC, Difficulty: 20220.783M, 9.849 BTC
     Day 93: +0.027 BTC, Difficulty: 20220.783M, 9.876 BTC
     Day 94: +0.027 BTC, Difficulty: 20220.783M, 9.902 BTC
     Day 95: +0.027 BTC, Difficulty: 20220.783M, 9.929 BTC
     Day 96: +0.020 BTC, Difficulty: 26691.433M, 9.953 BTC
     Day 97: +0.020 BTC, Difficulty: 26691.433M, 9.973 BTC
     Day 98: +0.020 BTC, Difficulty: 26691.433M, 9.993 BTC
     Day 99: +0.020 BTC, Difficulty: 26691.433M, 10.014 BTC
     Day 100: +0.020 BTC, Difficulty: 26691.433M, 10.034 BTC
     Day 101: +0.020 BTC, Difficulty: 26691.433M, 10.054 BTC
     Day 102: +0.020 BTC, Difficulty: 26691.433M, 10.075 BTC
     Day 103: +0.020 BTC, Difficulty: 26691.433M, 10.095 BTC
     Day 104: +0.020 BTC, Difficulty: 26691.433M, 10.116 BTC
     Day 105: +0.020 BTC, Difficulty: 26691.433M, 10.136 BTC
     Day 106: +0.020 BTC, Difficulty: 26691.433M, 10.156 BTC
     Day 107: +0.015 BTC, Difficulty: 35232.691M, 10.172 BTC
     Day 108: +0.015 BTC, Difficulty: 35232.691M, 10.187 BTC
     Day 109: +0.015 BTC, Difficulty: 35232.691M, 10.203 BTC
     Day 110: +0.015 BTC, Difficulty: 35232.691M, 10.218 BTC
     Day 111: +0.015 BTC, Difficulty: 35232.691M, 10.234 BTC
     Day 112: +0.015 BTC, Difficulty: 35232.691M, 10.249 BTC
     Day 113: +0.015 BTC, Difficulty: 35232.691M, 10.265 BTC
     Day 114: +0.015 BTC, Difficulty: 35232.691M, 10.280 BTC
     Day 115: +0.015 BTC, Difficulty: 35232.691M, 10.295 BTC
     Day 116: +0.015 BTC, Difficulty: 35232.691M, 10.311 BTC
     Day 117: +0.012 BTC, Difficulty: 46507.153M, 10.325 BTC
     Day 118: +0.012 BTC, Difficulty: 46507.153M, 10.337 BTC
     Day 119: +0.012 BTC, Difficulty: 46507.153M, 10.348 BTC
     Day 120: +0.012 BTC, Difficulty: 46507.153M, 10.360 BTC

    TOTAL RETURN (BTC) : 10.36005884

    TOTAL RETURN (USD) : 8806.05

    TOTAL ELECTRICITY (KWH) : 0.0

    TOTAL ELECTRICITY COST (USD) : 0.00

    EQUIPMENT / CONTRACT COST (USD) : 6640.00

    TOTAL PROFIT (USD) : 2166.05
 

[thomas_s]

I just bought into R23 based on the high recs you guys have and some personal recs that were made to me...

I just looked at the stats and ran some calculations and I am worried I may have made a mistake with this one.  Please don't take this the wrong way.. I am not trying to flame anyone here; I should have asked these questions before buying and I take full responsibility if my $$ are lost.  But I know dz has a great rep so I was really surprised when I ran numbers (yes, *after* I purchased I know this was ass-backwards).  I am just trying to understand if I made a bad investment - and to learn from it if so.  If my assumptions or calculations are wrong (I hope they are), please tell me! 

From the stats page .. it looks like R23 is earning only about 0.1152 BTC per day gross and has earned even less - a total of .5772 - during the past 7 days to date (Jan 22-28).  At that rate, R23 will have only about .9228 gross BTC at the end of the month in 3 days.

1) Will there be a payout on Feb 1?  I hope not, because is there is it appears that hosting (and to a much lesser extent management fees) will consume about 50% of the revenue (or will this be pro-rated for the partial month)?     

2) .1152 BTC per day seems really low for 540 Gh/s of hashing power.  I have a 150 Gh/s (partially defective) btmine hasher and 2 180 Gh/s antminer s1's that I just put up yesterday and they earned almost .19 BTC in the past 24 hours - they have about the same hashing power as this GB (550 - 560 Gh/s) (running a mix of Eligius, 50btc, Ghash and Slush's pools).  Also, the statistical (long run average) return should be closer to .248 BTC per day, according to the calculators.  Are there any reasons why is the per diem return is seemingly so low on the R23 miners, and should we expect that this will represent future performance?

3) I am concerned about the hosting fee .. at $700 per month, it appears that there will not be any profit at all in R23 even with the best assumption of per diem earnings (.248 per day).  I ran the calculator out for 90 days (so there would be exactly $2,100 of hosting fees, assuming pro-ration for partial months) and it looks like the entire profit margin of the R23 will be eaten up by the hosting fees!  And that is assuming the much higher statistical rate of .248 BTC/day under the current difficulty .. if we are only getting .1152 its going to be loss of over $1,000 (for the entire round).  Worse, after only two more difficulty increases the revenue from these machines probably won't be enough to pay hosting fees and I assume the round is shut down then and our capital is lost (which would be the end of February I think). 

FWIW, the calculator I use is the webified version of Zodiac1233's calculator (http://bitcoindetailedcalculator.appspot.com/) taking the entire round at once.  Output from this app follows my Q4 below. 

4) If my numbers are correct, this round seems to only make sense if there were a LOT more hashing power for the same hosting fee.. I just don't see how 540 Gh/s is going to cut it with $700 a month in hosting fees at least at these difficulty levels.  Is there any way to add to this round (more Gh/s) without increasing hosting fees substantially?

[snip]
 

1) There will be a payout on the 1st, management fee's are taken as a percentage after hosting is paid, hosting is paid twice a month. As this round started on January 23rd hosting only needs to be paid from the 23rd to the 1st of February which only comes out to $175 converted to BTC when payouts are getting done. Pro rating is only done in this instance, every other payout will be 1/2 the monthly fee on the 1st and 15th (this references to February where it only has 28 days)

2) This is data from BTCGuild, we have no control over it, that number can jump or go down depending on the number of blocks found.

3) As of now it looks like there is about a 0.005xxBTC per share based on the BTC deposited into the payout account. It'll be a small payout but its still only ~ 7 days of hashing.

4) More hashrate equals more hosting fee's, unless new hardware comes out that uses less electricity the hosting won't be able to be lowered.

[darcimer]

From the stats page .. it looks like R23 is earning only about 0.1152 BTC per day gross and has earned even less - a total of .5772 - during the past 7 days to date (Jan 22-28).  At that rate, R23 will have only about .9228 gross BTC at the end of the month in 3 days.

Where is this stats page?  All I can find is this http://www.crypto-ops.com/?page_id=1506 on the archived site.  I'd like to make sure my wallet is accurate, and watch it whir.

[EzCheese]

WORKER 1 HASH RATE       0 Gh/s   o_O;;

[MakuSoto]

Has there then any payouts on this GB yet?  I do not see my address on the spreadsheet there.

[thomas_s]

Has there then any payouts on this GB yet?  I do not see my address on the spreadsheet there.

Private message me your order# and I'll look into it, payout doesn't happen until sometime on the 1st.

[patriks]

Could we have a breakdown of the payout here? Perhaps a post every payout explaining what each share gets and why?

I received a payout but it was significantly less than it should be for the 6 shares I own...

Total BTC up until last night: 0.975559
BTC per share: 0.01951118
I've got six shares 0.01951118*6 = 0.11706708

Hosting which was stated to be 175USD for this first payout = (175/50) *6 = 21 USD = aprox 0.0257 BTC

So my payout should, in theory, be 0.11706708 - 0.0257 = 0.09136708 BTC

Not sure when management fees are taken (2.5%) but I am still way off that in the payout.

I received 0.03255827 BTC which is a a little over a third of what I'd expect it to be.

Please let me know if my maths is off....

https://blockchain.info/address/1CSb2NgfnxtvqDFWzTsaNX2qLmku7kZ1EX sees a value of total payout which seems correct, but my share was definately not correct...

Thank you nonetheless and keep up the good work!

Extra info: My order is R206531661, for 6 shares.  My payout address is 16hShVrnwQNebA1PDFduKkLjEv3fwPi5Yb.

[thomas_s]

Could we have a breakdown of the payout here? Perhaps a post every payout explaining what each share gets and why?

I received a payout but it was significantly less than it should be for the 6 shares I own...

Total BTC up until last night: 0.975559
BTC per share: 0.01951118
I've got six shares 0.01951118*6 = 0.11706708

Hosting which was stated to be 175USD for this first payout = (175/50) *6 = 21 USD = aprox 0.0257 BTC

So my payout should, in theory, be 0.11706708 - 0.0257 = 0.09136708 BTC

Not sure when management fees are taken (2.5%) but I am still way off that in the payout.

I received 0.03255827 BTC which is a a little over a third of what I'd expect it to be.

Please let me know if my maths is off....

https://blockchain.info/address/1CSb2NgfnxtvqDFWzTsaNX2qLmku7kZ1EX sees a value of total payout which seems correct, but my share was definately not correct...

Thank you nonetheless and keep up the good work!

Extra info: My order is R206531661, for 6 shares.  My payout address is 16hShVrnwQNebA1PDFduKkLjEv3fwPi5Yb.

The payout spreadsheet can be found here and contains a breakdown of everything.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdGI2ZGNZcnRYQ0l5b25Qb1hLVVFpR2c&usp=sharing

[patriks]

thomas_s thanks for the spreadsheet!

I'm still confused though because your R23 stats page http://www.crypto-ops.com/?page_id=1506 says it has mined 1.043676 BTC and not 0.5.

Am I missing something here?

[thomas_s]

thomas_s thanks for the spreadsheet!

I'm still confused though because your R23 stats page http://www.crypto-ops.com/?page_id=1506 says it has mined 1.043676 BTC and not 0.5.

Am I missing something here?

Payouts are only given on whats in the wallet at the time of payout, only 0.5 BTC was in the wallet at that time