[CLOSED-HASHING NOW]Doc's Instant Hash R1 - 0/18 shares available 0.1BTC=10GH/s

[drmadison]

Hi, drmadison!
I'm interested in buying 9 of your shares, is that available?

Yes 9 shares are still available. I'm hopping on a plane I'll get everything updated when I land.

Okay, my coins ready for transfer.
Let me know, when you will be ready.

Go ahead and transfer and post the tx id and your payout address here. I need that to update the payout spreadsheet.

[zi0nman]

9 shares

Transaction ID: b09119d636c164347f643ab8437319d1832f45c64be335d436be592f8cbe6e41

Payout address: 1CS3cTNdZ6rJojVtEWMM1b9ZSgshjNA9VJ

[drmadison]

Last 3 shares available. If they don't go by Monday I'm going to keep them for myself. Hashing has been going strong  the past couple of days, and still hoping to have a site up Monday so shareholders can track their shares!

[jungle_dave]

Looks like I missed the boat on this one but congratulations on the success.
Let me know if you expand in the future.

Best wishes.

[drmadison]

2 shares are available still until end of day today.

The website will hopefully be up by eod as well.

And lastly, as of today we've made enough to cover the hosting costs of this first payout, which means from now to the 15th it's pure revenue for shareholders!

[LongJohnny]

Reserve one share for me please.
I'm about to send you the funds.

[LongJohnny]

Transaction ID: d4b3c727f9a2d5937363d8c84389b9a9cefd89364782a8a0a185c9089556fa12
Payout Address: 1LpiV6atR3wTxcJmz6QWpDQLWG1z31g6Dp

[drmadison]

Those last few shares went quick! We are sold out.
Look out for round 2 soon(isn) - probably middle of the month.
It will be after this first round of people can verify they've received their payments, and I have more hardware on-hand.

[spazzcat]

Any updates on the website?

[drmadison]

Any updates on the website?

I'm going to be completely honest here...it got delayed a day because I couldn't decide on the domain name I wanted lol...

It's coming up (in a very interim manner) in the next couple of hours (when DNS updates)
Won't be final by any means, but will give a status on this first round.

[drmadison]

Website to track progress is up:

http://docsmining.com/round1.php

Current earnings is the earning for this payout period.

The hosting estimate is based on the (fairly steady) valuation of $800/BTC. The actual value will be calculated on payout day.

The estimated earnings / payout are pretty naive and just take the current value plus the 24 hour estimate multiplied by the number of days remaining...no partial days or difficulty changes are taken into account. Still, it should give an idea of what to expect for your next payout.

[drmadison]

I've acquired a new Antminer S1 which, assuming it runs well the next couple of days as a test, will be replacing the hardware this round is currently mining of (assuming shareholders don't protest to this) once this first pay-out occurs this weekend.

The upside is a reduced hosting cost due to less electricity usage (it will drop from $150 per payout to $100 per payout).

The only potential downside is this means it's running on a single piece of hardware instead of spread across 5 (single point of failure, should anything go wrong). That being said, I don't expect a brand new S1 (which have proven to be pretty solid pieces of gear) to have any issues, but I did want to bring this up.

Assuming I don't hear otherwise this will be done.

Also, with the current state of BTC:USD exchange rate, I wanted opinions - with the recent drop, do we take the per-payout hosting fee out of this payout, or take it all (the full month's hosting cost) out of the end-of-month payout (hoping for the exchange rate to improve by then). Opinions?

[tempestb]

It appears it's starting to rise, so I'd vote to wait until end of the month.  It can always get worse but seems less likely.

[zi0nman]

I'm voting to wait until the end of the month. Price seems to be rising.

[drmadison]

Alright, majority of shares have spoken - we'll postpone the hosting fee this 1 time until end of month to account for the current craziness going on (thanks SR2 for your fake hack...we all appreciate losing tons of money...)

[tripppn]

Hey Doc,

Any word on R2?

[drmadison]

R2 is being planned now - will announce as soon as I have all the details locked down.

For R1:
Payments just went out.
Payout price was 0.029835596 per share.

Keep in mind, no hosting fee was taken this payout since the current price wonkiness is likely to be resolved by the end of month. This also means that at the end of the month, we'll have to take the full $250 ($150 hosting fee for this first payout, and then $100 for the new lower hosting fee for the 2nd) out of the 2nd payout. Here's hoping that value rises so it takes less BTC!

Let me know if you have any questions!

[zi0nman]

Doc, maybe we could start merged mining as well to compensate for electricity?

[drmadison]

Doc, maybe we could start merged mining as well to compensate for electricity?

NMC is also being mined along with the BTC. It will be converted to BTC as it makes sense and added to the payouts (probably once a month or so)

[drmadison]

Hey Doc,

Any word on R2?

Just posted R2 here: https://bitcointalk.org/index.php?topic=469263.msg5177976