[CLOSED] R24: 8.13gh/s Immediate hash

[tricomp]

Would like to buy 1 share, but i get error message trying thru https://www.dzminercoop.com.
Any help

[1714160955]

1714160955

[Ramhound]

Would like to buy 1 share, but i get error message trying thru https://www.dzminercoop.com.
Any help

It might if you told thomas what error you received.

The site does not seem to believe there to be shares available  because I am getting:

"Selected quantity of "Round 24 8.13gh/s" is not available."

[thomas_s]

Would like to buy 1 share, but i get error message trying thru https://www.dzminercoop.com.
Any help

It might if you told thomas what error you received.

The site does not seem to believe there to be shares available  because I am getting:

"Selected quantity of "Round 24 8.13gh/s" is not available."

I'm sorry the site is sold out of Round 24, and could possibly be oversold based on multiple people buying at the same time (stock is deducted when payment clears), all over-sales will be refunded to the payout address given to the site tonight.

[gigacoiner]

Looks like I got the refund!

[hashmore]

Thomas, is R24 hashing and is there a link to see units in action ?
Thanks

[railzand]

Thomas, is R24 hashing and is there a link to see units in action ?
Thanks

it's here: http://www.crypto-ops.com/?page_id=1508

[hashmore]

Thomas, is R24 hashing and is there a link to see units in action ?
Thanks

it's here: http://www.crypto-ops.com/?page_id=1508

Thanks mate)
Bookmarked it.

[hashmore]

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%

Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)

[thomas_s]

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%

Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)

Please check the spreadsheet for accurate payout data, for R24 pro-rate data is on sheet 2.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdHR5bWlSUWR0cFV5Ulk1QlctZ0RpY2c&usp=sharing

If you still have questions feel free to ask.

[hashmore]

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%

Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)

Please check the spreadsheet for accurate payout data, for R24 pro-rate data is on sheet 2.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdHR5bWlSUWR0cFV5Ulk1QlctZ0RpY2c&usp=sharing

If you still have questions feel free to ask.

Well, yes, it poses another question:)
The whole calculation laid out in the spreadsheet is built from the manual input of
Total Mined   0.5 (btc),
whereas your summary gives a twice as much value of ~1btc (http://www.crypto-ops.com/?page_id=1508) for 9 days, which is also supported by any online profit calc at this current difficulty.

So please clarify where's the miscalculation here. Thanks.

[thomas_s]

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%

Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)

Please check the spreadsheet for accurate payout data, for R24 pro-rate data is on sheet 2.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdHR5bWlSUWR0cFV5Ulk1QlctZ0RpY2c&usp=sharing

If you still have questions feel free to ask.

Well, yes, it poses another question:)
The whole calculation laid out in the spreadsheet is built from the manual input of
Total Mined   0.5 (btc),
whereas your summary gives a twice as much value of ~1btc (http://www.crypto-ops.com/?page_id=1508) for 9 days, which is also supported by any online profit calc at this current difficulty.

So please clarify where's the miscalculation here. Thanks.

As with the other rounds only BTC paid to the payout address is used in the calculation, at the time of payout there was only 0.5 BTC to distribute

[hashmore]

As with the other rounds only BTC paid to the payout address is used in the calculation, at the time of payout there was only 0.5 BTC to distribute

Ok, understood. So this is the payout address for the round? https://blockchain.info/address/1Di8AKRyKuyoBNgV1zNjTDJopc4Zv8dZsx

[thomas_s]

As with the other rounds only BTC paid to the payout address is used in the calculation, at the time of payout there was only 0.5 BTC to distribute

Ok, understood. So this is the payout address for the round? https://blockchain.info/address/1Di8AKRyKuyoBNgV1zNjTDJopc4Zv8dZsx

Yes that is the payout address for R24.

As another note I miscalculated the hosting fee for R23/24 (undervalued it) oops my bad, this mistake will not be corrected / charged for the next payout.

[hashmore]

As with the other rounds only BTC paid to the payout address is used in the calculation, at the time of payout there was only 0.5 BTC to distribute

Ok, understood. So this is the payout address for the round? https://blockchain.info/address/1Di8AKRyKuyoBNgV1zNjTDJopc4Zv8dZsx

Yes that is the payout address for R24.

How come that the payout address has only 1 incoming transaction on Jan 30 (exactly for 0.5 btc)? 
Any calc on the net will show that hashing with ~512Gh/s at current difficulty (2193847870) is making at least 0.11 btc/day in which case it makes up ~1 btc per 9 days (exactly how was shown in your R24 mining summary page).

Having said that, if your payout limit with BTC Guild is set to 0.5, you must've received payouts at least twice during the period - the first on Jan 26-27 and the next one on Jan 31 (if not earlier, for the mentioned difficulty only rose Jan 24th, after 1 day hashing). But in any case it wouldn't be only 1 payout and so quiet late. Is there only 1 worker/payout adress for the whole rig/round?

Nothing personal and no strings attached, I understand how hell busy you're now (esp. with r17/BA turmoil) but just want to understand the payout mechanism and calculations completely, to not bother you with sporadic questions furthermore.

[thomas_s]

As with the other rounds only BTC paid to the payout address is used in the calculation, at the time of payout there was only 0.5 BTC to distribute

Ok, understood. So this is the payout address for the round? https://blockchain.info/address/1Di8AKRyKuyoBNgV1zNjTDJopc4Zv8dZsx

Yes that is the payout address for R24.

How come that the payout address has only 1 incoming transaction on Jan 30 (exactly for 0.5 btc)? 
Any calc on the net will show that hashing with ~512Gh/s at current difficulty (2193847870) is making at least 0.11 btc/day in which case it makes up ~1 btc per 9 days (exactly how was shown in your R24 mining summary page).

Having said that, if your payout limit with BTC Guild is set to 0.5, you must've received payouts at least twice during the period - the first on Jan 26-27 and the next one on Jan 31 (if not earlier, for the mentioned difficulty only rose Jan 24th, after 1 day hashing). But in any case it wouldn't be only 1 payout and so quiet late. Is there only 1 worker/payout adress for the whole rig/round?

Nothing personal and no strings attached, I understand how hell busy you're now (esp. with r17/BA turmoil) but just want to understand the payout mechanism and calculations completely, to not bother you with sporadic questions furthermore.

Sorry for not explaining it in full detail, BTCGuild is set to payout to the address every 0.5 BTC, we do disbursment from the payout address on the 1st and 15th of the month based on what is in it (what BTCGuild sends us).

An online calc doesn't account for pool luck which BTCGuild while sometimes is very lucky it also sometimes isn't where instead of making .11 you'd make 0.09.

[shiunsai]

awwww when did this gb close?

[lostering]

I'm not trying to be negative. But I feel like I should say this:

The hosting fee is killing the deal on this GB. I got BTC0.01 from the last dividend of 2 shares after waiting for 2 weeks. And I expect even less from the next dividend.

In my rough estimation, if we are LUCKY the GB will break even after a year or so .

Should we consider selling the equipment and may be we can make a small ROI from it?

[MakuSoto]

You are making a LOT of sense there and I dont mind that motion.

I'm not trying to be negative. But I feel like I should say this:

The hosting fee is killing the deal on this GB. I got BTC0.01 from the last dividend of 2 shares after waiting for 2 weeks. And I expect even less from the next dividend.

In my rough estimation, if we are LUCKY the GB will break even after a year or so .

Should we consider selling the equipment and may be we can make a small ROI from it?

[LDR]

Yeah I agree, 65+% of earnings this early is a ridiculously high. We will never ROI in terms of dollars or BTC. I thought that it was going to be 375 per month total, not 375 per payout or 750 a month plus another management fee.

There are 63 shares in this group buy at 8.13 gh/s each for a total hashrate of about 512 gh/s. Since Antminer S1s have a power efficiency of 2 watts per gh/s so total power consumption is around 1024 watts per month or 1.024 kilowatts. Electricity averages 0.10 per kilowatt hour, so our miner costs about 0.10 $/kwh * 1.024 kw = $0.1024 per hour * 24 = $2.4576 per day * 31 = ~$76.1856 per month in total electricity costs.

So in essence, we are paying 10x the power cost for hosting the miner, plus pool fees, plus the other 2% management fee.

Its also weird that the total mined number in the spreadsheet is exactly 0.5, 1.5 and 1 BTC for the last three weeks respectively. Mathematically the odds of hitting exactly 0.5, 1.5 and 1 consecutively is pretty much impossible so this number must be rounded. Why is this number rounded while all the other numbers in the spreadsheet aren't? What was the actual amount total mined?

[patriks]

Its also weird that the total mined number in the spreadsheet is exactly 0.5, 1.5 and 1 BTC for the last three weeks respectively. Mathematically the odds of hitting exactly 0.5, 1.5 and 1 consecutively is pretty much impossible so this number must be rounded. Why is this number rounded while all the other numbers in the spreadsheet aren't? What was the actual amount total mined?

Just jumping in to clarify this.  When the payout occurs, the amount which has been transferred from the pool to the payout wallet is what is split.  The pool is setup to transfer to the payout wallet every 0.5 bitcoins.  So that is why the numbers are nice and round.  Every 0.5 btc mined, the transfer is made to the payout wallet.  Day of payout, whatever is in there gets split.

I am an investor in R23 and I agree, management fees are high and have essentially killed any chance of ROI.  I will suggest selling the equipment as well!