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Author Topic: FPGA Mining Contract  (Read 36263 times)
m3sSh3aD
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October 26, 2011, 11:55:43 AM
 #61

I'm not the most technical with this but i thought this might be interesting....

http://semiaccurate.com/2011/10/25/xilinx-sets-new-fpga-record/
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Dexter770221
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October 26, 2011, 01:18:49 PM
 #62

We have been discuss this in another topic. This chip costs 30.000$ So, propably we will never see it in our whole life 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.
m3sSh3aD
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October 26, 2011, 01:47:21 PM
 #63

haha, i see. Just something i came across and thought it might be interesting Smiley
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October 26, 2011, 05:53:58 PM
 #64

We have been discuss this in another topic. This chip costs 30.000$ So, propably we will never see it in our whole life Wink

Has anyone considered forming a research group as a non-profit and ask for some chip sample of some hardware?
The rules are pretty simple and easy. Basically, we cant use the chip its self in a item for sale. We can however use that chip in the design or a demo unit to show and test applications. Detailed information regarding the projects using donated and sample hardware would have to be detailed, but would totally be worth it.

Companies will give out products like this. 3M over years has sent boxes to my door without even letting me know what it is until I open it and find its a resistor kit with some advancement, or sheets of polycarb with only a paper saying thank you and not to resell.

I have workshop commcial space in Southern California near LAX, if anyone is interested in building a hardware  building club related to FPGA and other hash/bitcoin based hardware, I would be willing to provide the work/meeting spot.


m3sSh3aD
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October 26, 2011, 06:08:19 PM
 #65

We have been discuss this in another topic. This chip costs 30.000$ So, propably we will never see it in our whole life Wink

Has anyone considered forming a research group as a non-profit and ask for some chip sample of some hardware?
The rules are pretty simple and easy. Basically, we cant use the chip its self in a item for sale. We can however use that chip in the design or a demo unit to show and test applications. Detailed information regarding the projects using donated and sample hardware would have to be detailed, but would totally be worth it.

Companies will give out products like this. 3M over years has sent boxes to my door without even letting me know what it is until I open it and find its a resistor kit with some advancement, or sheets of polycarb with only a paper saying thank you and not to resell.

I have workshop commcial space in Southern California near LAX, if anyone is interested in building a hardware  building club related to FPGA and other hash/bitcoin based hardware, I would be willing to provide the work/meeting spot.



Otherside of pond Sad
dmcurser
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October 26, 2011, 08:14:17 PM
 #66

well on another  not looks like a share is going for .3 i wounder what it will be in another week i think if it got to like .5 a share that would be a good time to release the 500 new shares we wanted to release.

1Q7TPBHHVmGCvqffYHpXCCBgbcBQ4NwXdW
fizzisist
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October 27, 2011, 12:22:23 AM
 #67

The tally on the motion is 4871 yeas to 315 nays. This is 94.3% of shares voting, so I would consider this motion passed. For it to be blocked, the 404 remaining shares would need to vote nay, and 1115 yea shares would need to switch their vote to nay.

The price per share will be 0.26 BTC. This is the weighted average for the last 100 trades, rounded down to a nice number.

Also, I forgot to mention in the motion that I was supposed to reserve 10% of shares to cover operational costs. So, these will be a freebie, and the 500 reserved shares will then account for only 8.3% of the total shares.

The shares have been issued. Get 'em while their hot! Smiley

EskimoBob
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October 27, 2011, 10:07:37 AM
 #68

What is the current cost per BTC in this adventure?

0.25 BTC per share.


You misunderstood my question.
What is the price for a one BTC mined in this contract.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
fizzisist
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October 27, 2011, 10:10:35 PM
 #69

What is the price for a one BTC mined in this contract.

Interesting question, but I'm not exactly sure how to answer it. Do you mean what is the $/MH cost of the mining hardware? Assuming each board gets 250 MH/s (it should get at least that) and each board is $545 (special deal only through this contract), the system will be cost $2.18/MH/s.

Or do you mean the electricity costs? At the current difficulty, it should be around $0.35/BTC. To keep things really simple, I won't be subtracting this from the revenue. All revenue goes straight to shareholders, although I reserved 8.3% of shares for myself so that the dividends I get should roughly cover the electricity costs.

molecular
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October 28, 2011, 12:49:59 AM
 #70

well on another  not looks like a share is going for .3 i wounder what it will be in another week i think if it got to like .5 a share that would be a good time to release the 500 new shares we wanted to release.

I'm confused. Did you issue the 500? It seems so, since the number of shares jumped from 5500 to 6000.

It also seems you issued them for 0.4 BTC/share and 50 are left to be bought?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
jduck1987
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October 28, 2011, 12:53:25 AM
 #71

well on another  not looks like a share is going for .3 i wounder what it will be in another week i think if it got to like .5 a share that would be a good time to release the 500 new shares we wanted to release.

I'm confused. Did you issue the 500? It seems so, since the number of shares jumped from 5500 to 6000.

It also seems you issued them for 0.4 BTC/share and 50 are left to be bought?


They were issued for .26 and all of them were bought within a day, the orders you now see are not from the IPO.
molecular
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October 28, 2011, 12:56:52 AM
 #72

They were issued for .26 and all of them were bought within a day, the orders you now see are not from the IPO.

allright, I see the post now. Sorry, didn't see it before. Thanks for clarifying.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
zapeta
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October 28, 2011, 06:21:41 AM
 #73

The tally on the motion is 4871 yeas to 315 nays. This is 94.3% of shares voting, so I would consider this motion passed. For it to be blocked, the 404 remaining shares would need to vote nay, and 1115 yea shares would need to switch their vote to nay.

The price per share will be 0.26 BTC. This is the weighted average for the last 100 trades, rounded down to a nice number.

Also, I forgot to mention in the motion that I was supposed to reserve 10% of shares to cover operational costs. So, these will be a freebie, and the 500 reserved shares will then account for only 8.3% of the total shares.

The shares have been issued. Get 'em while their hot! Smiley

Ugh, how did I miss this post...*rage*
ArsenShnurkov
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October 28, 2011, 08:00:30 AM
 #74

Ugh, how did I miss this post...*rage*

You just need to ask, how many FPGA-s can be connected (what are power constraints and how many USB-ports remains free).
After that it will be possible to raise a new motion to add few more FPGA-s, i think
molecular
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October 28, 2011, 09:17:24 AM
 #75

Ugh, how did I miss this post...*rage*

You just need to ask, how many FPGA-s can be connected (what are power constraints and how many USB-ports remains free).
After that it will be possible to raise a new motion to add few more FPGA-s, i think

Maybe it makes more sense to issue new shares at market price, or at least a little higher.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
dmcurser
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October 30, 2011, 05:42:27 PM
 #76

so what kinda time fram befor all the fpgas are up and running?

1Q7TPBHHVmGCvqffYHpXCCBgbcBQ4NwXdW
Vanderbleek
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October 30, 2011, 09:35:48 PM
 #77

What is the price for a one BTC mined in this contract.


Or do you mean the electricity costs? At the current difficulty, it should be around $0.35/BTC.

Wow, that is realy low, right? I though people were saying it costs like $3/BTC?

I believe low running costs is the primary benefit of FPGAs.

If I helped, feel free to donate to:
BTC: 1DimPUBPnmZuWu5XrMa3xVnFgMz1iGBNdr
LTC: LLqQuvRZd4uZyenER2mE8d3ns1N1qBWQjD
fizzisist
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October 31, 2011, 07:01:59 PM
 #78

Or do you mean the electricity costs? At the current difficulty, it should be around $0.35/BTC.

Wow, that is realy low, right? I though people were saying it costs like $3/BTC?

I believe low running costs is the primary benefit of FPGAs.

Yep, and with the latest difficulty, it just dropped to $0.291 per BTC.

Eveofwar
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October 31, 2011, 07:09:24 PM
 #79

Bought some shares here.  Let's get this farm up and running Cheesy

Any plans for Cacti stats ?  I know Luke-Jr's pool is back up, hopefully you've registered your address for NMC ?  The extra NMC could be kept and sold depending on the market rate, or sold on the spot.
fizzisist
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October 31, 2011, 07:18:31 PM
 #80

Dividends have been paid for the week of 10/24!

Earnings for the week totaled 3.2514542 BTC, which has been distributed to shareholders. This means a dividend of 0.000541909 BTC/share.

Current holdings:

After the IPO and the additional share issue, I tallied up the total raised. We now hold $3832 and 59.5 BTC, or about $4000 total. I will get this turned into some more FPGA boards ASAP! See the planned timeline here.

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