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

[gnomicide]

I emailed Gray a link to thy's p2pool post, mentioning it would make dividend payments too unstable.

[1715020577]

1715020577

[thy]

PROFITABILITY CALCULATOR

http://www.bitcoinx.com/profit/

You have detailed calculators on Bitcoinwisdom to, where you also can set the arrival date for the miner and a few other things also.
https://bitcoinwisdom.com/bitcoin/calculator
https://bitcoinwisdom.com/litecoin/calculator

and they have a nice page on the current and past Bitcoin/Litecoin difficulty to
https://bitcoinwisdom.com/bitcoin/difficulty
https://bitcoinwisdom.com/litecoin/difficulty

Current predictions for next Bitcoin difficulty change in 7.9 hrs is +18.80%
and the predictions for next Litecoin difficulty change in 2.1 days is  -7.37%

[traderman]

I agree, the p2pool is a horrible idea. Please don't do that. It is a lot better to mine on normal pool with steady payouts.

[DigitalCoinFarm]

Sorry.  I was busy this week. And didnt check infomation and mail often.
I didnt check message here, please mail directly to me info@digital-coin-farm.com

And about p2pool,  I dont think it soooo bad.  After some test, I'm getting 5% profit more than cex.io. ( 105% ).  but you have to wait longer ( p2pool current have about 241T hash power, it require 36 hours to slove a block,  not 2 or 3 weeks ).

But payment is good.   And you might think,  it's not big deal about 3-5%.    We will have 20t hashrate, and we might get over 40t later.
for 20t, it's about 2 btc daily.  3% means, you can gain 2.06 btc daily.  I will test longer and compare with other site.

And if you want daily dividend,  we can do a easy math.  We can avg last 2 or 3 days's profit ..and pay daily.  So we can get higher return and daily dividend.

And some people ask me...Isnt this a scrypt project?  Well, It was.  But ltc diffculty rising crazy ( ...last week was 1.7% ..but if you do some math..avg is high ).

scrypt-n's profit is a bit higher than scrypt..but no too much for now  ( I believe it will grown up, but not now ).

And it's just time for asic sha256 miner,  it's hard to get in usa market. but it's easy to get in china market.  So our project can get miner before others.

Time is money!

And it's hard question... Should we get more gpu miner now?  dailly profit are lower than before, and scrypt miner is going to release. It's hard to decide.

Sorry for delay to respond.

[superresistant]

Here is a conversation I had with Gray (DigitalCoinFarm).
This will give more information and transparency to the operation.

Are you seriously planning to solo mine Bitcoin ?
The variance is too big, what if we miss blocks for few months ? It is a too big risk.

No, I wont do solo mining, I'm thinking it is p2pool...but it still a bit lower than cexio or other big pool. But our reward is same, maybe it will increase a bit. I'm not sure. I'm doing test. Current p2pool just about 241th, but cexio had 6 "ph".

Are you going to release more shares ?
I don't think it is a good idea because there is still a lot of shares left and it will dilute the revenues of investors.

After 60000 shares sold out, I will check if any new hardware release, I will start vote and ask everyone. But I believe it wont happen very often. And only I got very good price.

What is the best way to contact you ? Is this email (grayen@digital-coin-farm.com) secure enough ?

Yes, after last time hack event. I set a google auth, I believed it safe now.

Can you give a list of all the hardware if you have time ?
I need it for calculation.

For btc part, after 4/3-4/4, we will have 19 1t asic miner, for scrypt part. Current we have about 22m/ hashrate

What is the price of electricity do you pay ? (per kW/h).
I need it for calculation.

about usd 0.1 - 0.15

You are doing a great job and I hope you will continue.

[zombie_steve_jobs]

I actually think that selling more shares over time is a good idea. Theoretically, that new money should produce a higher hash rate relative to older money already spent on older equipment. AND if the stock price is high enough, a few more shares would go a long way in terms of maintaining a constant or growing dividend return (provided that the new shares are announced well in advance, explained thoroughly, and don't cause a panic). Thoughts?

[traderman]

As long as the value of the earlier shares is not diluted then its ok I suppose. And yes it should be announced and I think maybe even voted on.

I actually think that selling more shares over time is a good idea. Theoretically, that new money should produce a higher hash rate relative to older money already spent on older equipment. AND if the stock price is high enough, a few more shares would go a long way in terms of maintaining a constant or growing dividend return (provided that the new shares are announced well in advance, explained thoroughly, and don't cause a panic). Thoughts?

[gnomicide]

Thanks for the updates.

I don't want to see new shares issued until all the IPO funds have been spent and the hardware running. New shares get immediate dividends, while existing share holders get diluted dividends until the purchased miners start producing. There's no advantage to current shareholders, unless the new funds can purchase more efficient miners. Maybe 1 month after all hardware is running smoothly, then we could look at issuing new shares and getting new hardware.

[superresistant]

Here is a discussion on reddit about using P2Pool :
http://www.reddit.com/r/dogemining/comments/1uncvb/the_benefits_of_mining_using_p2pool_better

Here is a graph of P2Pool luck :
http://p2pool.info/luck/

Here is a thread that compare p2pool vs pools :
https://bitcointalk.org/index.php?topic=416933.0

The math shows that p2pool will come out better over time (plus lower fees, in theory lower orphans, mining right to your own address so no worries about lost/stolen coins), many people are impatient or haven't read enough and won't give p2pool a few months to show its benefits.
The OP is discussing doing a longer-term test to show this.  Pools have plenty of variance so even if the math shows that p2pool is going to come out ahead, there are weeks where it won't.  And visa versa, weeks where it would come out way ahead.

[aisdoge]

I'm against selling additional shares because they would dilute the ones I've already purchased. The only way I could get behind that idea is if they cost significantly more. So maybe instead of .005 per share, the new ones could cost .01 or .015.

I took a bigger risk by purchasing shares at .005 before this company has most of its equipment. If they sell additional shares at the same price, the new investors will profit at my expense. The shares should be worth more after they have all the equipment running.

[lynn_402]

I'm against selling additional shares because they would dilute the ones I've already purchased. The only way I could get behind that idea is if they cost significantly more. So maybe instead of .005 per share, the new ones could cost .01 or .015.

I took a bigger risk by purchasing shares at .005 before this company has most of its equipment. If they sell additional shares at the same price, the new investors will profit at my expense. The shares should be worth more after they have all the equipment running.

I agree, or waiting a month would be fine, so we early investors will have had the time to take the most profit from the equipment we bought.

[superresistant]

I'm against selling additional shares because they would dilute the ones I've already purchased. The only way I could get behind that idea is if they cost significantly more. So maybe instead of .005 per share, the new ones could cost .01 or .015.
I took a bigger risk by purchasing shares at .005 before this company has most of its equipment. If they sell additional shares at the same price, the new investors will profit at my expense. The shares should be worth more after they have all the equipment running.

I agree.

Only add shares at a higher price than before.

[thy]

Sorry.  I was busy this week. And didnt check infomation and mail often.
I didnt check message here, please mail directly to me info@digital-coin-farm.com

And about p2pool,  I dont think it soooo bad.  After some test, I'm getting 5% profit more than cex.io. ( 105% ).  but you have to wait longer ( p2pool current have about 241T hash power, it require 36 hours to slove a block,  not 2 or 3 weeks ).

But payment is good.   And you might think,  it's not big deal about 3-5%.    We will have 20t hashrate, and we might get over 40t later.
for 20t, it's about 2 btc daily.  3% means, you can gain 2.06 btc daily.  I will test longer and compare with other site.

And if you want daily dividend,  we can do a easy math.  We can avg last 2 or 3 days's profit ..and pay daily.  So we can get higher return and daily dividend.

And some people ask me...Isnt this a scrypt project?  Well, It was.  But ltc diffculty rising crazy ( ...last week was 1.7% ..but if you do some math..avg is high ).

scrypt-n's profit is a bit higher than scrypt..but no too much for now  ( I believe it will grown up, but not now ).

And it's just time for asic sha256 miner,  it's hard to get in usa market. but it's easy to get in china market.  So our project can get miner before others.

Time is money!

And it's hard question... Should we get more gpu miner now?  dailly profit are lower than before, and scrypt miner is going to release. It's hard to decide.

Sorry for delay to respond.

Ok thanks for explaining how things on p2pools works. So all p2pools works together then, people mining on p2p pool A will get payed when someone on p2pool B finds a block and so on then ?
If that is the case and there return matches there Hashrate they might be a viable option to then.

from digitalcoinfarms message 25/3 on CS
"Currently, we are getting 93-95% profit rate, because pool lag, doa, time expire.....internet laggy"
If it's that bad return mining on cex.io at the moment it might be a good ide trying Eligus or Btc guild out with a few miners already at this stage.

Is it possible to set backup pools in the mining software on the BTC mining hardware you got, a second/third mining pool as fallback options if there is problems on the main pool your mining at ?

Anyway it might be a good ide to spread the miners out on the different big pools when you get 14/20TH, based on last weeks hashrates and the fact that cex.io was working bad for you, maby something like this:
16-22 mars
          %of found                                                             number miners         
             blocks                info                                     14TH    20TH      40TH 
Eligus      14.01%  (4962 TH pay txfee, 0% fee)                4-6       5-7      10-14    merged mining supported http://eligius.st/wiki/index.php/Eligius_mining_pool
cex.io      27.58%  (9773 TH ? if the pay txfee, 0% fee)     3-5       4-6        8-12    merged mining supported   http://ghash.io/
discusfish 12.38% (5129 TH ?%fee)                                 2-3       2-4        4-8    ? if merged mining supported http://www.f2pool.com/
Btcguild   14.86%  (5264 TH pay txfee,3% fee)                  1         2-3        4-6     merged mining supported https://www.btcguild.com/
p2p pool     0.51% (181.5TH. pay txfee,0-0,5%? fee)          1         1-2        2-4     merged mining supported http://p2pool.in/
ozpool        0.60% (211.8TH pay txfee 1% fee)                  0           1         1-2     no merged mining https://ozcoin.net/

And see how things works out after 2-4 weeks of mining.
Merged mining adds about 1.5003% for namecoins, 0,0481% ixcoin, 0,01781% devcoins, so it's around 1.5% extra if a pool has merged mining.

Expected income on avg for miners when the pool finds a block.
Eligus   25.475 ((25.1+0,375)*1)
Cex.io  25.375 ((25+0,375)*1)
discusfish ?
Btcguild 24.711 ((25.1+0,375)*0,97)
p2ppool 25.348 BTC ((25.1+0,375)*0,995)
ozpool   24.849 BTC (25.1*0,99)

and avg time to find a block for the different pools (based on 144 blocks per day, in reallity it's slightly more as long as the network difficulty keeps increasing) and blocks per day would look something like this
                     avg time to
                     find blocks      Blocks per day
Eligus              1h 11m 23s     20.17
cex.io              0h 36m 15s     39.72
discusfish         1h 20m 47s     17.83
Btcguild           1h 07m 18s      21.40
p2p pool           32h 40m 47s    0.73
ozpool              27h 46m 40s    0.86

If you spread out the miners over several pools the variance on BTC generated per day/week/month will be reduced and problems at a single pool will effect you less.

You can find interesting statistic on pools here http://organofcorti.blogspot.com/2014/03/march-23rd-2014-weekly-hashrate.html#!/2014/03/march-23rd-2014-weekly-hashrate.html or here less detailed here http://blockorigin.pfoe.be/top.php

[thy]

Here is a discussion on reddit about using P2Pool :
http://www.reddit.com/r/dogemining/comments/1uncvb/the_benefits_of_mining_using_p2pool_better

Here is a graph of P2Pool luck :
http://p2pool.info/luck/

Here is a thread that compare p2pool vs pools :
https://bitcointalk.org/index.php?topic=416933.0

The math shows that p2pool will come out better over time (plus lower fees, in theory lower orphans, mining right to your own address so no worries about lost/stolen coins), many people are impatient or haven't read enough and won't give p2pool a few months to show its benefits.
The OP is discussing doing a longer-term test to show this.  Pools have plenty of variance so even if the math shows that p2pool is going to come out ahead, there are weeks where it won't.  And visa versa, weeks where it would come out way ahead.

The info about stales on p2pnetwork and the fact that pool operators is at 0ms may give them a big advantage then so maby the return will be very good on p2pool mining. Maby it will be better to have a higher % of the miners at p2pool than what other numbers would indicate beeing the optimal then.

[Ratters]

Just out of interest, Where are we mining Scrypt?

Have we thought about mining at Scryptguild?

https://bitcointalk.org/index.php?topic=457016.0

It a deriv of BTCGuild and so far seems very reliable, I find i get more BTC for my hash power from there than mining LTC or manualy switching alts and converting them. Plus its a lot less hassle!

Just a thought.

Rgds

Ratters

[gnomicide]

Just out of interest, Where are we mining Scrypt?

Have we thought about mining at Scryptguild?

https://bitcointalk.org/index.php?topic=457016.0

It a deriv of BTCGuild and so far seems very reliable, I find i get more BTC for my hash power from there than mining LTC or manualy switching alts and converting them. Plus its a lot less hassle!

Just a thought.

Rgds

Ratters

I didn't get the specific pool, but he did tell me a couple weeks back he's using an auto-switching pool (ex. multipool.us). It's the most profitable way to go for scrypt, if you're converting to BTC right away.

[Abecent]

How about X11 mining farm?

[badpeanut]

ANNOUNCEMENT

Ticker    COINFARM - DigitalCoinFarm
Date   26 Mar 18:53 Day-30, dividend paid.
Please set your email account,s 2fa enable.  Some people is reporting their stock account been hacked. The password has been reset by others.

Set your email to be un-visible
Set your email,s 2fa function to enable

The owner of cryptostock said, reset password without enter 2fa code is method to let people who lost their device to access their account. 

So we have to protect our email account.



If we disclose (visible) our e-mail we might have a backup if the site ever goes down and you could still operate in private. If we set invisble it's hard to proof if the shareholder is legit or not.

Our e-mail adres is only visible for CEO's of each project to their shareholders. That means they need to hack your account to see our e-mail adres.

[traderman]

I agree, if cryptostocks ever goes down you can still communicated with your shareholders and continue operations. For that you have to be able to see the shareholders emails and how much shares they have. If you don't have a backup yet I suggest you make one right now.

ANNOUNCEMENT

Ticker    COINFARM - DigitalCoinFarm
Date   26 Mar 18:53 Day-30, dividend paid.
Please set your email account,s 2fa enable.  Some people is reporting their stock account been hacked. The password has been reset by others.

Set your email to be un-visible
Set your email,s 2fa function to enable

The owner of cryptostock said, reset password without enter 2fa code is method to let people who lost their device to access their account. 

So we have to protect our email account.



If we disclose (visible) our e-mail we might have a backup if the site ever goes down and you could still operate in private. If we set invisble it's hard to proof if the shareholder is legit or not.

Our e-mail adres is only visible for CEO's of each project to their shareholders. That means they need to hack your account to see our e-mail adres.

[superresistant]

I agree, if cryptostocks ever goes down you can still communicated with your shareholders and continue operations. For that you have to be able to see the shareholders emails and how much shares they have. If you don't have a backup yet I suggest you make one right now.

He's not watching the thread on bitcointalk. I am sending him a mail now.