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Author Topic: FPGA Mining Contract  (Read 36274 times)
Dexter770221
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November 07, 2011, 08:45:05 AM
 #101

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

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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fizzisist
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November 07, 2011, 05:41:52 PM
 #102

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
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November 07, 2011, 06:15:07 PM
 #103

Why first FPGA gives hash rate less than 250 Mhash/sec ?
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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
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November 07, 2011, 09:19:13 PM
 #104

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 Wink Server 2 has less than 0.3% stales
fizzisist
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November 08, 2011, 08:40:14 AM
 #105

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

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.

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November 08, 2011, 09:46:08 AM
 #106

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 Wink I want those 500 extra shares Tongue
molecular
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November 08, 2011, 10:05:38 AM
 #107

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 Wink I want those 500 extra shares Tongue

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?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
dmcurser
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November 08, 2011, 10:27:21 AM
 #108

those shares were already issued

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fizzisist
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November 08, 2011, 10:32:19 AM
 #109

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 Wink I want those 500 extra shares Tongue

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
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November 08, 2011, 10:53:05 AM
 #110

thought i was able get A few the other day Smiley

I'd say yes Smiley
gusti
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November 08, 2011, 11:07:08 AM
 #111

I'm currently selling 100 shares @ 0.48.

If you don't own the private keys, you don't own the coins.
molecular
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November 08, 2011, 12:46:25 PM
 #112

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 Wink I want those 500 extra shares Tongue

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.

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notme
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November 08, 2011, 06:10:58 PM
 #113

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 Wink I want those 500 extra shares Tongue

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.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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jduck1987
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November 08, 2011, 07:24:19 PM
 #114

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

+1
Dexter770221
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November 08, 2011, 09:39:19 PM
 #115

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

+1

Same here...

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
fizzisist
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November 09, 2011, 06:19:21 AM
 #116

Quote
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
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November 13, 2011, 06:58:03 AM
 #117

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
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November 15, 2011, 11:25:36 PM
 #118

watching

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
m3sSh3aD
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November 15, 2011, 11:28:01 PM
 #119

How about a motion to release more share to current investors Smiley
btc_artist
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November 15, 2011, 11:28:41 PM
 #120

How about a motion to release more share to current investors Smiley
What exactly are you proposing?

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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