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daemonfox
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February 13, 2014, 03:27:39 PM |
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Hi guys, I'm very interested in investing in a couple of shares but somehow my math seems to fail me.
I tried it as follows:
A share would currently cost about $190
I would buy 1.8 - 2.0 GH/s + whatever the scrypt rig adds.
1.8 - 2.0 GH/s today earn about $.20 to $.22 cents by stats I can find.
Hosting is $15 a month. Obviously I'm doing something wrong, what?
Please help me out guys, this smells like exactly the thing I would love to invest in, it seems you have a decent numbers of shares I would like to have ^^
You're a factor of 10 out. 1 share is 18-20GH/s ^^ This... and... This... https://docs.google.com/spreadsheet/ccc?key=0AsVvuskew8TmdFFrLWZXbi1SQUk3SzFhcWFXbXVRd3c |
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suklee
Member
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Activity: 67
Merit: 10
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February 13, 2014, 06:14:29 PM |
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MinerCow
Newbie
Offline
Activity: 8
Merit: 0
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February 13, 2014, 07:01:58 PM |
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Hi guys, I'm very interested in investing in a couple of shares but somehow my math seems to fail me.
I tried it as follows:
A share would currently cost about $190
I would buy 1.8 - 2.0 GH/s + whatever the scrypt rig adds.
1.8 - 2.0 GH/s today earn about $.20 to $.22 cents by stats I can find.
Hosting is $15 a month. Obviously I'm doing something wrong, what?
Please help me out guys, this smells like exactly the thing I would love to invest in, it seems you have a decent numbers of shares I would like to have ^^
You're a factor of 10 out. 1 share is 18-20GH/s ^^ This... and... This... https://docs.google.com/spreadsheet/ccc?key=0AsVvuskew8TmdFFrLWZXbi1SQUk3SzFhcWFXbXVRd3cSo about that spreadsheet, am I reading that right. So by the end of week 17 each share should have made about .24 BTC. Given that a share cost .259 to .295, by the end of week 17, your out about 0.019 - 0.055 BTC. I have no idea what the grey part of the sheet means  Don't get me wrong, I thought this before I got a share. I just think this is awesome. |
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xanthin
Newbie
Offline
Activity: 3
Merit: 0
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February 13, 2014, 08:16:05 PM |
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Hi guys, I'm very interested in investing in a couple of shares but somehow my math seems to fail me.
I tried it as follows:
A share would currently cost about $190
I would buy 1.8 - 2.0 GH/s + whatever the scrypt rig adds.
1.8 - 2.0 GH/s today earn about $.20 to $.22 cents by stats I can find.
Hosting is $15 a month. Obviously I'm doing something wrong, what?
Please help me out guys, this smells like exactly the thing I would love to invest in, it seems you have a decent numbers of shares I would like to have ^^
You're a factor of 10 out. 1 share is 18-20GH/s ^^ This... and... This... https://docs.google.com/spreadsheet/ccc?key=0AsVvuskew8TmdFFrLWZXbi1SQUk3SzFhcWFXbXVRd3cSo about that spreadsheet, am I reading that right. So by the end of week 17 each share should have made about .24 BTC. Given that a share cost .259 to .295, by the end of week 17, your out about 0.019 - 0.055 BTC. I have no idea what the grey part of the sheet means Don't get me wrong, I thought this before I got a share. I just think this is awesome. But in the end it is all guess work. That sheet was based on 1BTC=$800, which is less now. And I think it was based on a 20% difficulty increase. These parameters could both change dramatically. Nevertheless, it should be a pretty good indication and at least it makes the guess a bit more educated. :-) |
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daemonfox
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February 13, 2014, 08:25:06 PM |
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Hi guys, I'm very interested in investing in a couple of shares but somehow my math seems to fail me.
I tried it as follows:
A share would currently cost about $190
I would buy 1.8 - 2.0 GH/s + whatever the scrypt rig adds.
1.8 - 2.0 GH/s today earn about $.20 to $.22 cents by stats I can find.
Hosting is $15 a month. Obviously I'm doing something wrong, what?
Please help me out guys, this smells like exactly the thing I would love to invest in, it seems you have a decent numbers of shares I would like to have ^^
You're a factor of 10 out. 1 share is 18-20GH/s ^^ This... and... This... https://docs.google.com/spreadsheet/ccc?key=0AsVvuskew8TmdFFrLWZXbi1SQUk3SzFhcWFXbXVRd3cSo about that spreadsheet, am I reading that right. So by the end of week 17 each share should have made about .24 BTC. Given that a share cost .259 to .295, by the end of week 17, your out about 0.019 - 0.055 BTC. I have no idea what the grey part of the sheet means Don't get me wrong, I thought this before I got a share. I just think this is awesome. But in the end it is all guess work. That sheet was based on 1BTC=$800, which is less now. And I think it was based on a 20% difficulty increase. These parameters could both change dramatically. Nevertheless, it should be a pretty good indication and at least it makes the guess a bit more educated. :-) Spot on... All figures are based on a 20% difficulty increase per 11 days. It is also subtracting the hosting fee $s calculated against $800 BTC as noted. That does cause some issues at current rates seeing as Ninja will be deducting the BTC based on the exchange rate during payout. While both miners seem to be close to my estimates, the cost of BTC and the floating difficulty make the figures nothing more than an estimated guess. The gray area is just for my purposes to help break down difficulty periods vs. pay weeks. Basically it allowed me to easily see how to calculate a pay week's dividends when the difficulty changes mid week. It also lists how many total days have passed since 10X share owners can take possession of the Ant miners after 120 days. |
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MinerCow
Newbie
Offline
Activity: 8
Merit: 0
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February 13, 2014, 08:56:41 PM |
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Hi guys, I'm very interested in investing in a couple of shares but somehow my math seems to fail me.
I tried it as follows:
A share would currently cost about $190
I would buy 1.8 - 2.0 GH/s + whatever the scrypt rig adds.
1.8 - 2.0 GH/s today earn about $.20 to $.22 cents by stats I can find.
Hosting is $15 a month. Obviously I'm doing something wrong, what?
Please help me out guys, this smells like exactly the thing I would love to invest in, it seems you have a decent numbers of shares I would like to have ^^
You're a factor of 10 out. 1 share is 18-20GH/s ^^ This... and... This... https://docs.google.com/spreadsheet/ccc?key=0AsVvuskew8TmdFFrLWZXbi1SQUk3SzFhcWFXbXVRd3cSo about that spreadsheet, am I reading that right. So by the end of week 17 each share should have made about .24 BTC. Given that a share cost .259 to .295, by the end of week 17, your out about 0.019 - 0.055 BTC. I have no idea what the grey part of the sheet means Don't get me wrong, I thought this before I got a share. I just think this is awesome. But in the end it is all guess work. That sheet was based on 1BTC=$800, which is less now. And I think it was based on a 20% difficulty increase. These parameters could both change dramatically. Nevertheless, it should be a pretty good indication and at least it makes the guess a bit more educated. :-) Spot on... All figures are based on a 20% difficulty increase per 11 days. It is also subtracting the hosting fee $s calculated against $800 BTC as noted. That does cause some issues at current rates seeing as Ninja will be deducting the BTC based on the exchange rate during payout. While both miners seem to be close to my estimates, the cost of BTC and the floating difficulty make the figures nothing more than an estimated guess. The gray area is just for my purposes to help break down difficulty periods vs. pay weeks. Basically it allowed me to easily see how to calculate a pay week's dividends when the difficulty changes mid week. It also lists how many total days have passed since 10X share owners can take possession of the Ant miners after 120 days. Okay, so generally what I figured. And thanks for clearing up the grey area for me  |
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Ciphersoft
Newbie
Offline
Activity: 4
Merit: 0
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February 13, 2014, 09:18:57 PM |
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tntdgcr
Full Member
Offline
Activity: 219
Merit: 100
Bitcoin Mining Hosting
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February 14, 2014, 09:53:01 PM |
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2x 1AzWfPxGMHFS8tPhtWjhu3nMLaQ6UfiuzM
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OregonMines is expanding. Are you expanding with us?
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speth
Newbie
Offline
Activity: 14
Merit: 0
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February 15, 2014, 12:39:55 PM |
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What day of the week are payouts?
Thanks!
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MWNinja (OP)
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February 15, 2014, 01:32:44 PM |
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What day of the week are payouts?
Thanks!
Payouts will happen this evening. We have to go move Group #1 into the cage and install the GPU rig, plus our meetup has it's satoshi square today. It's going to be a busy bitcoin day. When I get back from all that I will determine the final owner's list and we'll send out the first payout. You have until I return to get your orders in if you want to get paid today. |
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suklee
Member
Offline
Activity: 67
Merit: 10
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February 15, 2014, 07:15:11 PM |
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MakuSoto
Newbie
Offline
Activity: 182
Merit: 0
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February 16, 2014, 04:49:21 AM |
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Reserve two shares for me here.
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MWNinja (OP)
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February 16, 2014, 04:56:26 AM |
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I'm working on the final owners list and will send payouts shortly after that. The list is officially frozen as of now; any shares purchased beyond this moment will not receive a payout this week. We'll open up an auction for the remaining shares after that. Group #5 (owner's only) is going to be our last group buy until after we get our colocation business launched, so don't miss the opportunity to join our mining cooperative.
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AlexTes
Newbie
Offline
Activity: 2
Merit: 0
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February 16, 2014, 09:44:09 AM |
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Thanks for clearing that up guys. I read the explanation wrong. If the ants get shipped internationally I'd love to get in. But it seems I'm just a few moments too late. I'll go check out the auction thread |
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howardb
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February 16, 2014, 11:09:40 AM |
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Can you confirm if my request for 2 more shares got to you in time? (I pm'd you), owners list still shows as only 2 not 4.
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MWNinja (OP)
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February 16, 2014, 01:58:12 PM |
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Can you confirm if my request for 2 more shares got to you in time? (I pm'd you), owners list still shows as only 2 not 4.
Your name appears in the list twice, so you should have received payouts on both addresses listed. I'll consolidate you to one address for next week's payout. |
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MWNinja (OP)
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February 16, 2014, 07:20:23 PM |
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Dividend - Week #1Total Earnings: 9.54727127BTC Payout AddrTotal Shares: 300 Hosting fees: 0BTC Amount per share: 0.03182 Tx Fee: .0045 TransactionNotes: Group Buy #4 is off to a great start; we didn't charge any hosting fees for the scrypt rig as it wasn't fully operational. Also we donated 2 shares to Sean's Outpost and 1 share to the Arizona Bitcoin meetup. We are strongly committed to the bitcoin community, and give back whenever we can.
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