DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today

[DigitalCoinFarm]

I just noticed you're putting updates in the stock's announcements. You should also post them in here, so everyone can know what your plans are, and what you're buying with the raised BTC. Also, you should keep an updated list of what miners you have, total hash rate, miners you ordered but don't have yet, and how much BTC you have remaining to purchase more miners.

From what I can piece together, you currently have:

BTC Raised

6206 x 0.005 = 31.03 BTC

Current Hardware

10 Gridseeds x 1

Total Hashrate

2700 KH/s

Ordered

10 Gridseed x 1
6 R9 280x x 2

Remaining Funds

12 BTC (my guess)

For now ... working set is

10 Gridseeds x 1

1 6 R9 270X set
2 6 R9 290X set

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on shipping

10 Gridseeds x 1
1 6 R9 270X set

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ordering

20 Gridseeds ....  That company is asshole... they selling old controller and ask me to take, if you dont, they dont want to sell you. so still working on it

After those miner ready,,i will post some picture later

Gray

[DigitalCoinFarm]

You mentined you were calcuulating what was best "I'm calculating which situation is better for us, both mining btc/ltc , or ltc only.", i did run the numbers a few days ago on the gridseed miners on the GRID project, the numbers on whats most profitable should be simular for you.

Will there be any info on the mining proces once its up? Can we check how much income the miners generate?

Not sure what degree of statistic they will provide but here's an estimate(coinwarz) for GRID based on todays btcprices and profitabillity based on the following: usd per btc 543,59(very low now would have been better to exchange yesterday at ~620 or next time up over 600 in my opinion), 160 usd/miner 164.467 inkl controller, 65 370 000 shares 7 watt scrypt only or 7+53=60w(Scrypt+SHA256), 0.09 usd/kwh, dual mining mode(scrypt+sha256) 300 kh scrypt+8gh/s btc or 350 kh/s scrypt only.

scrypt+sha256                                      ->inkl btc
                 per miner/day  or in usd         btc/day     btc/day    div per      div per share  exchange @    exchange @
                                     without with    with          all miners  share and  and week      600 usd/coin    650 usd/coin
                                     electr   electr  electr                      and day                       per week         per week
BEST scrypt 1/228,22 btc   2,38   2,37      0,005427   1,166 btc 1,784 sat  ~12sat/12%   ~14sat/14%    ~15sat/15%
DOGE          1/348,74 btc   1,56   1,55      0,003918   0,842 btc 1,288 sat ~9sat/9%       ~10sat/10%    ~11sat/11%
LTC            1/423,48 btc   1,28   1,27      0,003403   0,731 btc 1,118 sat ~8sat/8%       ~9sat/9%       ~9sat/9%
BTC            1/777,86 btc   0,70   0,58



scrypt only
                 per miner/day  or in usd         btc/day     btc/day    div per      div per share  exchange @    exchange @
                                     without with    with          all miners  share and  and week      600 usd/coin    650 usd/coin
                                     electr   electr  electr                      and day                       per week         per week
BEST scrypt 1/207,94 btc   2,61   2,60      0,004783   1,027 btc 1,572 sat  ~11sat/11%   ~12sat/12%    ~13sat/13%
DOGE          1/298,92 btc   1,82   1,80      0,003311   0,711 btc 1,088 sat ~8sat/8%       ~8sat/8%       ~9sat/9%
LTC            1/360,24 btc    1,51  1,49      0,002741   0,589 btc 0,901 sat ~6sat/6%       ~7sat/7%       ~8sat/8%

So in the ballpark of 8-15 satouchi per 100 sat share per week or 8-15% weekly return on investment if mining dual at the specified rates, if better firmware will be avaliable some seems to think they may produce around 500kh/s scrypt but it may be better to skip the extra 53 watts sha256 mining would add then if they will go up and run at such rates, the added heat in comparison to the return from it will hardly be worth the increase in temperature and risk for failures. Next difficultyincrease for btc looks to be around 25% so when miners arrive the btcmining(SHA256) part will be at around 0.44 usd/day at current usd/btc price.

Mining both scrypt & BTC should still be slightly more profitable unless there is a scyptcoin thats extremely profitable a single day, but the difference is probably only something like 0,2 usd per gridseed 5chip miner and day or 10% with current difficulty on btc and the power usage reported seems to be 7 w scrypt only and 60 w scrypt+BTC(sha256) so maby the temperature increase may be a factor to if it's hard to get the miners stabalized.

On the next difficulty change in around 11 days the difference may be dovn to 4-5 % and the difficultychange after that it will probably be negative to mine dual, but it all depends on exactly how much you pay for power and how much scrypt hashrate you loose by mining both scrypt and BTC and how profitable scryptmining is each day and that seems to vary a lot. You can try coinwarz http://www.coinwarz.com/cryptocurrency to get a good estimates on what will be best for you.

auctully ...if you mined both btc and ltc,,,it's not only 60w ( without overclock )...and not 8g ... about 6.3g sha256 hashrate.

I'm still testing it.  for now,  i got 390k hashrate with ltc mode with 7kwatt,  with some modified ..... but i'm testing if it stable

Gray

[thy]

auctully ...if you mined both btc and ltc,,,it's not only 60w ( without overclock )...and not 8g ... about 6.3g sha256 hashrate.

I'm still testing it.  for now,  i got 390k hashrate with ltc mode with 7kwatt,  with some modified ..... but i'm testing if it stable

Gray

390 kh/s scrypt(LTC) mode, that sounds very good. Good luck on your project. Im sure you find what's the optimal for your conditions to get a good output and make the miners stable with some testing.

[thy]

....  That company is asshole... they selling old controller and ask me to take, if you dont, they dont want to sell you. so still working on it

After those miner ready,,i will post some picture later

Gray

It's bad of Gridseed to send you an old(not working ?) controller. But if the controller unit cost 67 usd and you need 1 unit for 10 gridseed miners i think the best thing to do might be to just order 1 (or 2) extra controller units that works for now and take that 67 usd cost, thats just 67/(160*10+67) 4% of the cost extra for that set of 10 miners, you can always try to argue with them about that later, the important thing for you is to get your miner up and working, 3 days of downtime for a set of 10 miners because of a bad controller is probably equal to the cost of an extra controller unit.

[gnomicide]

For now ... working set is

10 Gridseeds x 1

1 6 R9 270X set
2 6 R9 290X set

---------------------
on shipping

10 Gridseeds x 1
1 6 R9 270X set

---------------------
ordering

20 Gridseeds ....  That company is asshole... they selling old controller and ask me to take, if you dont, they dont want to sell you. so still working on it

After those miner ready,,i will post some picture later

Gray

Awesome, thanks for the update!

I agree with thy... buying the good controller separately might be better than waiting a week without the Gridseeds running.

[DigitalCoinFarm]

I agree with thy... buying the good controller separately might be better than waiting a week without the Gridseeds running.

That's what I did... and good news is ..they finally provide 10% discount to me, after order 40 units.
And they promised if new controller on stock, I can change old beta one with new one.

Gray

[gnomicide]

That's what I did... and good news is ..they finally provide 10% discount to me, after order 40 units.
And they promised if new controller on stock, I can change old beta one with new one.

Gray

Great news!

I was also wondering, do you mine on a coin-switching pool like multipool.us, so that you automatically mine the most profitable one? It would be a lot easier than manually monitoring switching all the miners to a new coin.

[badpeanut]

Great job lately!! keep it up!!

[gnomicide]

Congrats on selling out the first 10,000 shares!

And nice update here: https://cryptostocks.com/announcements/979

[glongsword]

I'm very interested in buying a decent amount of shares, but I am very weary of cryptostocks after having been scammed by altswap this week.  Do you have any employee profiles to help me get familiar with who runs this organization?  Also, how long will the miners run for?  Assuming nobody bothers to improve on gridseed's design it's probably not a big deal, but if the miners start to lag in Hashes/kw compared to newer hardware, I imagine you won't want to continue hosting them for the 15% fees you take.  What's the shelf-life on shares?

[floatyfish]

Just put in 20 shares today and plan on buying 30 more, but as glongsword said, it hasn't been a very good time for Bitcoin exchanges. If Cryptostocks is shut down, do you have a list of who owns what shares, and if you do, how would you get dividends to shareholders? As far as I can tell, Cryptostocks doesn't have a specific address linked to your account (besides your deposit address).

[gnomicide]

Could you please provide more details about the vote?

Should we get some sha256 asic miner? 1T miner is going to release.. I can get some miner very fast. It can provide us more profit daily.

Which unit is that? How much will you pay per unit?

[gnomicide]

Edit: Announcement up here: https://cryptostocks.com/announcements/1046

~~~~

I got some more info from Gray. The ASIC he's looking at is http://www.cybtc.com/it618_scoremall-scoremall_page.html?pid=40

1 TH/s SHA-256
$3300 (approx conversion)
880W
28nm die
March 18 delivery (according to Google translate)

Which puts it at:
$3.4 /GH/s
0.9 W/GH/s

Looking here http://thegenesisblock.com/mining, there are better ASICs coming, but they don't seem to be available for a month or more, which makes this 1T unit look pretty nice.

[thy]

Just put in 20 shares today and plan on buying 30 more, but as glongsword said, it hasn't been a very good time for Bitcoin exchanges. If Cryptostocks is shut down, do you have a list of who owns what shares, and if you do, how would you get dividends to shareholders? As far as I can tell, Cryptostocks doesn't have a specific address linked to your account (besides your deposit address).

I don't know exactly how the political climate in china is towards stock or currency exchanges in the btcworld, those exchanges that was trading CNY/BTC was getting some restrictions earlier but i don't think there is any problems for those in pure cryptocurrencys.

Investors on cryptostocks can allow the stock issuer to see there email address, issuer can then carry on even if the exchange would be shut down, they can just email all shareholders and request for an address to pay dividends to. If it ever would get to that i'm sure the site wouldn't go black overnight but people would have time to set there emailaddress to viewable by asset issuers.
The best would of course be a system where people set a public BTC(LTC/DVC)address instead that share issuer could see from the start, no need to have the email address shown to all asset issuers you have shares in, in case some of them would be shady.

[thy]

to answer your question in your announcement
"Announcements    09 Mar 20:50
...  Do you guys hear about nvidia 750ti?  300k hashrate and only 30-60w power.  I will check more data if it profitable for us.  
"
Yes i have heard of Nvidia's new GPU with the maxwell core that's very powerefficien't to be a GPU. The 750 TI has a recomended price of 139 usd for the 1 GB memory version 149 usd for the 2 GB memory one.
Performance around 300 kh/s mining scrypt, was said to have 60TDP but only draw 38.5 w while they mined with it.

So it's slightly cheeper than a gridseed miner that cost 160 usd(maby around 165 usd per miner with controll units) in quantities 200-1000 units but the 705 TI use more power than a gridseed mining scrypt only and you need extra equipment like like Motherboard, PSU, memory, harddrive/SSD, possibly PCIrisers and so on for the rig you want to put the 750 TI's in. so the rest of a 2 GPU rig have to cost under 52usd or a 6 GPU rig under 156 usd to be under Gridseeds miner in startup cost, then after that the 750 TI will consume maby 31w more per hour, 271.56 Kwh/year, but they may be a good competitor for middle/higher end GPU's depending on what powercost and the rest of the rigs startup cost you have.

[lynn_402]

The plan you just released on Cryptostock looks great, if you keep it up you'll be by far the best investment on the site

[gnomicide]

The plan you just released on Cryptostock looks great, if you keep it up you'll be by far the best investment on the site

Agreed, nice announcement today!

[SonofPegasus]

The plan you just released on Cryptostock looks great, if you keep it up you'll be by far the best investment on the site

Agreed, nice announcement today!

Bought more earlier today.  Was very skeptical at first but if you keep going at this rate/pace and with this transparency I'm very interested to see where these stocks end up.  I can see them spiking pretty high once the new equipment comes in...they are already repaying in what, three months?

[SonofPegasus]

The plan you just released on Cryptostock looks great, if you keep it up you'll be by far the best investment on the site

Agreed, nice announcement today!

Bought more earlier today.  Was very skeptical at first but if you keep going at this rate/pace and with this transparency I'm very interested to see where these stocks end up.  I can see them spiking pretty high once the new equipment comes in...they are already repaying in what, three months?

Not to be a shill, but how is this not more popular?  The dividends per day are pretty great for a brand new project.

[lynn_402]

The plan you just released on Cryptostock looks great, if you keep it up you'll be by far the best investment on the site

Agreed, nice announcement today!

Bought more earlier today.  Was very skeptical at first but if you keep going at this rate/pace and with this transparency I'm very interested to see where these stocks end up.  I can see them spiking pretty high once the new equipment comes in...they are already repaying in what, three months?

Not to be a shill, but how is this not more popular?  The dividends per day are pretty great for a brand new project.

Well they did sell 30BTC worth of shares since friday