Bitcoin Forum
December 07, 2016, 08:38:44 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 »  All
  Print  
Author Topic: FPGA Mining Contract  (Read 36260 times)
SaltySpitoon
Global Moderator
Legendary
*
Offline Offline

Activity: 1596


Welcome to the SaltySpitoon, how Tough are ya?


View Profile
January 18, 2012, 10:39:34 PM
 #221

Combine a raspberry pi, fpga miner, battery and solar panel. YOu could sell autonomous mining machines, they could scan for wifi, crack the code (if needed) and begin mining all while recharging the battery with a solar panel(which might be kind of hard, considering solar panels are not so great yet) It would still be cool to have one.

Put it all into a CubeSat kit and send it to space. You wont have to worry about the temps plus the solar panels would be much more effective outside of the earth atmosphere.  Cheesy

I'm on it. I'll have to do some test runs first though, so instead of wasting all of the stuff sending it into orbit, Ill be launching various other things. I'm hoping bad dragon will sponsor me in my first attempts to Penetrate the atmosphere!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 18, 2012, 11:48:50 PM
 #222

Combine a raspberry pi, fpga miner, battery and solar panel. YOu could sell autonomous mining machines, they could scan for wifi, crack the code (if needed) and begin mining all while recharging the battery with a solar panel(which might be kind of hard, considering solar panels are not so great yet) It would still be cool to have one.

Put it all into a CubeSat kit and send it to space. You wont have to worry about the temps plus the solar panels would be much more effective outside of the earth atmosphere.  Cheesy

You do have to worry about the temps.... your equipment can get very hot if you are aren't in the shade of the earth or moon.  And you have to be out of the shade for the solar panels to do much good.  Also, where is your internet connection coming from?  Anyway, let's take this to an new off-topic thread, pms,  or drop it.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
DoubleIcaras
Member
**
Offline Offline

Activity: 70


Kill me~


View Profile
January 20, 2012, 02:50:55 PM
 #223

Bought Shares. looking forward to seeing how this goes.

Help support Bitcoin awareness in London! Donate to it here: 1F6MCoBMwmfpT5fruvCUjirFEybhLe5c1C
Or get involved here: https://bitcointalk.org/index.php?topic=58539.0
SaltySpitoon
Global Moderator
Legendary
*
Offline Offline

Activity: 1596


Welcome to the SaltySpitoon, how Tough are ya?


View Profile
January 20, 2012, 02:55:56 PM
 #224

My question is though, is this actually profitable?  As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?

sadpandatech
Hero Member
*****
Offline Offline

Activity: 504



View Profile
January 20, 2012, 04:15:56 PM
 #225

My question is though, is this actually profitable?  As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?

That works out to about 37% return per year just on dividends. It's up to you to calculate whether that is enough for you or if you'd make more in another investment.

cheers

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
torusJKL
Hero Member
*****
Offline Offline

Activity: 594


View Profile
January 20, 2012, 05:12:57 PM
 #226

[...]
I'm definitely keeping my eye on the Raspberry Pi, but what I have right now works pretty well, too. I'm using an Atom based mini-ITX board (this one) which cost $100 and uses about as much power as one X6500. It runs bitcoin-mining-proxy, munin for monitoring, and does some other light serving for our house.
[...]

Interesting setup.
What is the actual workload on the CPU to run bitcoin-mining-proxy and manage the X6500s?

If you find my post useful send some BTC: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
Bitrated || bitcoin-otc || Moon Bitcoin Faucet
SaltySpitoon
Global Moderator
Legendary
*
Offline Offline

Activity: 1596


Welcome to the SaltySpitoon, how Tough are ya?


View Profile
January 20, 2012, 07:54:02 PM
 #227

My question is though, is this actually profitable?  As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?

That works out to about 37% return per year just on dividends. It's up to you to calculate whether that is enough for you or if you'd make more in another investment.

cheers

Just wanted some input from other people that had bought in. 37% isn't bad seeing as its a safe investment, or fairly safe.

notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
January 21, 2012, 12:04:53 AM
 #228

My question is though, is this actually profitable?  As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?

That works out to about 37% return per year just on dividends. It's up to you to calculate whether that is enough for you or if you'd make more in another investment.

cheers

Just wanted some input from other people that had bought in. 37% isn't bad seeing as its a safe investment, or fairly safe.

This... plus it takes a lot less time to hold shares than to brawl it out in the market.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
January 21, 2012, 07:44:15 PM
 #229

My question is though, is this actually profitable?  As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?

What do you mean by "just trade btc on mtgox"?

Investing in a mining company is comparable to mining, with all the risks/gains involved, but without the hassle of actually doing the mining.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
fizzisist
Hero Member
*****
Offline Offline

Activity: 720



View Profile WWW
January 22, 2012, 09:01:06 AM
 #230

Dividends have been paid for the week of 1/16/12!

This is the 14th dividend paid since we started back in early October!

Total paid to 6000 shares: 12.65966309 BTC
Dividend per share: 0.00210994 BTC

This brings our total earnings to 117.7 BTC!

SaltySpitoon
Global Moderator
Legendary
*
Offline Offline

Activity: 1596


Welcome to the SaltySpitoon, how Tough are ya?


View Profile
January 22, 2012, 03:52:29 PM
 #231

My question is though, is this actually profitable?  As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?

What do you mean by "just trade btc on mtgox"?

Investing in a mining company is comparable to mining, with all the risks/gains involved, but without the hassle of actually doing the mining.


I mean, just sell BTC for $6.50 (or whatever the going price is) on MTGox, wait for them to dip, buy back in. Repeat.

ZodiacDragon84
Sr. Member
****
Offline Offline

Activity: 266


The king and the pawn go in the same box @ endgame


View Profile
January 27, 2012, 11:52:14 PM
 #232

I am all for the contracts. If more people actually invested in bitcoin instead of mass selling every time the charts drop 3 cents, bitcoin would be much more stable. I look forward to investing.

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
!
ZodiacDragon84
Sr. Member
****
Offline Offline

Activity: 266


The king and the pawn go in the same box @ endgame


View Profile
January 28, 2012, 12:36:21 AM
 #233

how many shares are currently held v. shares available?

EDIT: Answered my own question...lol

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
!
chungenhung
Legendary
*
Offline Offline

Activity: 1134


View Profile
January 28, 2012, 06:00:03 AM
 #234

I am all for the contracts. If more people actually invested in bitcoin instead of mass selling every time the charts drop 3 cents, bitcoin would be much more stable. I look forward to investing.
i am looking for investors. PM me

Trading MtGox USD for Dwolla/ACH deposit/Chase cash deposit
https://bitcointalk.org/index.php?topic=90115.0
Buy/Sell Call/Put Bitcoin options https://bitcointalk.org/index.php?topic=99853.0
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
January 28, 2012, 09:25:46 AM
 #235

how many shares are currently held v. shares available?

EDIT: Answered my own question...lol

good for you. care to share?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
ZodiacDragon84
Sr. Member
****
Offline Offline

Activity: 266


The king and the pawn go in the same box @ endgame


View Profile
January 28, 2012, 03:36:46 PM
 #236

Its buried in GLBSE. I will hunt it down again, and Make a quick TUT

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
!
ZodiacDragon84
Sr. Member
****
Offline Offline

Activity: 266


The king and the pawn go in the same box @ endgame


View Profile
January 28, 2012, 04:03:20 PM
 #237

[TuT] Finding shares issued v. shares available

First, point your browser to https://glbse.com/assets/
Scroll down until you Find FPGA.contract.
Next to FPGA.contracts entry, you see the number 6000. That is current hares issued.
to find out how many shares are available (estimate), go to http://contract.fpgamining.com/?page_id=5
Take the number of yay votes, plus the number of nay votes minus 6000 shares issued.
That gives us 734. Assuming some didnt vote, that gives a ball park figure for you to see how many shares are floating around.

If any one has a better way of doing this at the moment, by all means, improve on my method, I beg you!

Looking for a quick easy mining solution? Check out
www.bitminter.com

See my trader rep at Bitcoinfeedback.com
!
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
January 28, 2012, 04:19:49 PM
 #238

[TuT] Finding shares issued v. shares available

First, point your browser to https://glbse.com/assets/
Scroll down until you Find FPGA.contract.
Next to FPGA.contracts entry, you see the number 6000. That is current hares issued.
to find out how many shares are available (estimate), go to http://contract.fpgamining.com/?page_id=5
Take the number of yay votes, plus the number of nay votes minus 6000 shares issued.
That gives us 734. Assuming some didnt vote, that gives a ball park figure for you to see how many shares are floating around.

If any one has a better way of doing this at the moment, by all means, improve on my method, I beg you!

Thanks for sharing, ZodiacDragon84!

Here's another way to estimate the number of shares that were kept with the company:

according to http://charts.glbse.com/charts/FPGA.contract#vztgSzm1g10zm2g25 about 5500 shares where traded at the initial price after the IPO.

I think we can assume these were not sold back-and-forth, because the price didn't change and this was shortly after IPO.

So I arrive at a number of roughly 500 shares that where not issued publicly.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
January 28, 2012, 04:21:15 PM
 #239

Haha, we can also read the first post:

FPGA.contract is an FPGA only mining company. A small FPGA cluster will be built out of X6500s and operated by me. 100% of all revenue is distributed to shareholders as weekly dividends. Operating costs (electricity, maintenance, etc.) are covered by the dividends paid to the 500 shares held by the company (amounts to 8.3% of the 6000 total shares). No revenue is held for future expansion.
(emphasis mine)

Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.

EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
zapeta
Full Member
***
Offline Offline

Activity: 182


View Profile
January 28, 2012, 04:41:10 PM
 #240

Haha, we can also read the first post:

FPGA.contract is an FPGA only mining company. A small FPGA cluster will be built out of X6500s and operated by me. 100% of all revenue is distributed to shareholders as weekly dividends. Operating costs (electricity, maintenance, etc.) are covered by the dividends paid to the 500 shares held by the company (amounts to 8.3% of the 6000 total shares). No revenue is held for future expansion.
(emphasis mine)

Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.

EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...

Originally 5500 shares were issued, 5000 were sold to the public and 500 were held by the company to cover electrical/maintenance costs.  An additional 500 shares were issued later to allow us to purchase an additional FPGA.  There are a total of 6000 shares out there, 500 are held by the company, and 5500 can be traded by the public.  Fizzisist can correct me if I'm wrong but I'm pretty sure that's correct.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!