FPGA Mining Contract

[Dexter770221]

And my hashrate on Eligius not included... Yesterday it was almost 2 hours of 330 MH/s

[1713978406]

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[fizzisist]

please add:
1) a "roadmap" page to the site, with estimates from this post:
https://bitcointalk.org/index.php?topic=49166.msg593719#msg593719

2) and add link to charts at the main page (it is inconvenient to move from price to charts through "Links" page)

Done and done! Thanks, kakobrekla!

[ArsenShnurkov]

Why first FPGA gives hash rate less than 250 Mhash/sec ?

fpga0    A: 22    R: 2    114 Mhash

Is it because only one of two FPGA used ?
The total hashrate then can be approximated as 114 * 2 * 7 = 1697 Mhash/sec, right ?

[m3sSh3aD]

ARS pay better/quicker and more accuratly than any other site. Eligus sucks rotten eggs. Nearly as bad as deepbit.

Try ARS and see the difference Server 2 has less than 0.3% stales

[fizzisist]

Why first FPGA gives hash rate less than 250 Mhash/sec ?

fpga0    A: 22    R: 2    114 Mhash

Is it because only one of two FPGA used ?
The total hashrate then can be approximated as 114 * 2 * 7 = 1697 Mhash/sec, right ?

Yeah, one FPGA had stopped getting new work. I'm still working on the software all the time and was trying out something new that didn't work so well.

By the end of the month, I'll have a bunch of boards here, so the 7 GLBSE boards can mine away undisturbed why I hack at stuff using a different board. For now, this is the only X6500 I have, so it's main job is still development and testing. You guys are just picking up all the revenue earned during that testing.

Yes, your calculation of the total hashrate is correct, but you can use 125 MH/s as the single board hash rate. 114 is simply an estimate based on the previous 15 minutes, which was slightly unlucky for this example.

125 * 2 * 7 = 1750 MH/s is what we should expect, but I'm sure that we'll get even higher with improvements to the firmware.

[m3sSh3aD]

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain I want those 500 extra shares

[molecular]

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain I want those 500 extra shares

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

[dmcurser]

those shares were already issued

[fizzisist]

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain I want those 500 extra shares

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

Actually, those 500 shares were released on Oct. 26th, so they are long gone. If you guys really want more shares, we should start another motion. I would like to prepare the text of the motion to be a little more explicit this time, something like:

Motion to release additional shares to buy an 8th X6500 board.
The share price will be equal to the going market rate, based on the 24h or 200 share weighted averaged, whichever has a greater volume. The number of shares offered will then be determined by the amount of BTC needed to raise $545, plus 10% additional shares for management overhead.

I will set a time limit on this one for something like one week, so that it isn't lingering around long after the motion is passed. As far as I can tell, there's no way to remove a motion or mark it as passed/failed in the GLBSE client.

At the current rates, this would be around 0.5 BTC/share and about 400 shares.

If there seems to be interest in doing this, I'll gladly put it to a vote for the shareholders to decide.

[m3sSh3aD]

thought i was able get A few the other day

I'd say yes

[gusti]

I'm currently selling 100 shares @ 0.48.

[molecular]

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain I want those 500 extra shares

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

Actually, those 500 shares were released on Oct. 26th, so they are long gone. If you guys really want more shares, we should start another motion. I would like to prepare the text of the motion to be a little more explicit this time, something like:

If there seems to be interest in doing this, I'll gladly put it to a vote for the shareholders to decide.

I don't think it makes sense to issue more shares unless you need more money to buy assets. If people want to buy shares, they'll have to buy the market price.

I just didn't want to miss the opportunity to buy freshly issued shares.

In general, I think new shares should be offered at some market price average.

[notme]

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain I want those 500 extra shares

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

Actually, those 500 shares were released on Oct. 26th, so they are long gone. If you guys really want more shares, we should start another motion. I would like to prepare the text of the motion to be a little more explicit this time, something like:

If there seems to be interest in doing this, I'll gladly put it to a vote for the shareholders to decide.

I don't think it makes sense to issue more shares unless you need more money to buy assets. If people want to buy shares, they'll have to buy the market price.

I just didn't want to miss the opportunity to buy freshly issued shares.

In general, I think new shares should be offered at some market price average.

I for one would vote no until we have the existing orders up and running.

[jduck1987]

I for one would vote no until we have the existing orders up and running.

+1

[Dexter770221]

I for one would vote no until we have the existing orders up and running.

+1

Same here...

[fizzisist]

I for one would vote no until we have the existing orders up and running.

+1

Same here...

Ok, sounds good to me. If we decide to issue additional shares later, it should be a much shorter delay from the time the shares are sold to the time the boards are up and running anyway.

Just to be clear, if additional shares are issued, it will always be at the market price. We can discuss exactly how to calculate this market average when that time comes.

[fizzisist]

Dividends have been paid for the week of 11/7!

Total paid to 6000 shares: 4.24112585 BTC
Dividend per share: 0.00070685 BTC

In other news, the boards are now being produced and expected to arrive here around Thanksgiving (11/24), as long as they don't hit any serious road blocks.

[btc_artist]

watching

[m3sSh3aD]

How about a motion to release more share to current investors

[btc_artist]

How about a motion to release more share to current investors

What exactly are you proposing?