R23: 10.8ghs $132.80 [Closed] immediate hash

[patriks]

Should have done average of 0.21 BTC in the last three days.... Mined only 0.1..

Machine broken?

[Powell]

In the last day or so my personal farm has gone from .91 to .634 on btcguild, currently luck is not in our favor today. 

But tomorrow should be back. 

[patriks]

unfortunately luck is not the issue here.  stats page (http://www.crypto-ops.com/?page_id=1506) has listed 300-360gh/s for the last 48 hours or so which means we aren't operating at full power.

still waiting to hear if it's a hardware issue or what it could be....

[thomas_s]

After some troubleshooting and attempts to fix R23_1 we've come to the conclusion its a bad control board.

We will have a replacement delivered later this afternoon.

[patriks]

Thanks for the update.  The price of BTC is really killing this group buy... Hosting fees are basically taking all the BTC.

Keep up the good work!

[patriks]

More hardware issues? Hashing at 416.44 Gh/s....

[patriks]

Can we explore the idea of selling the miner? Not sure if we will ever ROI with these management fee costs and price of BTC....

[patriks]

423.617 Gh/s

and stats page says gross 0.047451 BTC.....

sell the hardware not an option??

[thomas_s]

Can we explore the idea of selling the miner? Not sure if we will ever ROI with these management fee costs and price of BTC....

We can sell each machine for 1.01 BTC. The total would be 3.03BTC for this GB.

[pimd]

Quite disappointing results for this group buy.

I paid BTC0.163025 per share (got 4) so if we sell the miners now the return will be around BTC0.10 per share.

As far as i'm concerned we leave it as it is and hope for a higher BTC price. But maybe, economic wise it's better to sell. I'm not sure and didn't do any calculations.

[patriks]

Run it until the end of the month and sell it then? Two more payouts then sell?

Think thats our best chance... Unless fees come down for downtime of 400gh/s runs, no chance of ROI in btc...  

I vote two payouts more then sell.

Could the management cost be explained to us?  It's what is killing the shareholders margins and it seems quite high... Appreciate an explanation!

[eightcylinders]

Quite disappointing results for this group buy.

I paid BTC0.163025 per share (got 4) so if we sell the miners now the return will be around BTC0.10 per share.

As far as i'm concerned we leave it as it is and hope for a higher BTC price. But maybe, economic wise it's better to sell. I'm not sure and didn't do any calculations.

Agree but we are definitely very close to the edge of selling versus operating.  There have been too much downtime, too early, and the drop in BTC has compounded the issue.  At most another couple of rounds, maybe after next.  Prices for the S1's are dropping so fast at the same time, that selling may not get us much in a few weeks.  That is my vote anyway, and I wouldn't be opposed to selling now if there was a groundswell for that.

[patriks]

Shall we put this up for a vote? I say sell as soon as possible. One more payout at the end of this month then sell (if we can get 3btc total then?).  If not, sell now!

[patriks]

Not sure what the best method of getting a vote going is?  Should be fast though as every day counts here....

[MakuSoto]

I vote to sell.

[EzCheese]

Like everyone else, i'm not too happy the hosting fees are taking all our profits.  I'm still hoping we'll get a bump in btc price, but if it comes to selling I'll vote that way as well. 

[bobsag3]

I am going to cut the hosting fees for R22/23/24 25% from here on out. I was able to swap the PSUs for more efficient ones at no cost. Or, we can keep the hosting fees the same and OC each machine adding an extra ~12% to performance.

[patriks]

I am going to cut the hosting fees for R22/23/24 25% from here on out. I was able to swap the PSUs for more efficient ones at no cost. Or, we can keep the hosting fees the same and OC each machine adding an extra ~12% to performance.

That's great bobsag3, but I think for us this is too little too late.  Earlier on this might make a difference but this won't increase our ROI much as it's starting to make less and less by the day. 

I still vote sell.

[pimd]

If we can still sell the miners for BTC3.03 we should do so. This wil bring us BTC0.0606 per share. Even with lowered hosting fees it will take about a year of mining to achieve, which will never happen. And I don't expect de price of a bitcoin to rise in the short term.

So I vote for a sell as well. (i've got 4 shares BTW)

I was hoping to increase my Bitcoin stash but the lesson learned is to some research before buying, like this user did:
https://bitcointalk.org/index.php?topic=411877.msg4812745#msg4812745

[Bakal]

I am going to cut the hosting fees for R22/23/24 25% from here on out. I was able to swap the PSUs for more efficient ones at no cost. Or, we can keep the hosting fees the same and OC each machine adding an extra ~12% to performance.

hi bob, hows about R21? any discount on hosting fee.
might want to sound off so others may want to vote to sell as well. thanks