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Author Topic: FPGA Mining Contract  (Read 38545 times)
fizzisist (OP)
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March 11, 2013, 08:30:09 PM
 #401

New dividend payment

http://blockchain.info/tx/641ff689df58a871e5ff8374216761598be23a7850fdd79d98c75b035ae15603

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March 16, 2013, 08:43:26 PM
 #402

thanks for the continued payment.
Iv been sitting on these shares for a long time.
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March 25, 2013, 08:26:28 PM
 #403

Hi fizzisist,

I didn't catch this announcement last month that you've suspended sales of new X6500s:

http://fpgamining.com/news/suspending-operations

and it also seems all mention of the FPGA.contract have disappeared from your site.

Does this in any way imply any plans to wind down mining operations?

What is the current hashrate of the "farm" and what are you planning to do with it (and FPGA.contract holders) going forward?

Thanks!

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March 29, 2013, 01:09:30 AM
 #404

Hi fizzisist,

I didn't catch this announcement last month that you've suspended sales of new X6500s:

http://fpgamining.com/news/suspending-operations

and it also seems all mention of the FPGA.contract have disappeared from your site.

Does this in any way imply any plans to wind down mining operations?

What is the current hashrate of the "farm" and what are you planning to do with it (and FPGA.contract holders) going forward?

Thanks!

Yes, we're no longer making new FPGAs, but our little cluster is still mining away at ~2.8 GH/s.

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March 29, 2013, 01:16:31 AM
 #405

More payments!

Another user finally got in touch with me with their address so I made a back pay payment:

00f8180836c0e62e1570fa0aff9ef97a2249067c8f72360fb94dd54646706b97

After that I made a general dividend payment:

380d59311e237891e5aa0d870591c6867ac3b4f72c939029a8e08bcc9f58f669

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March 29, 2013, 01:30:39 AM
 #406

woot!  who needs asics when you got fpga revenues  Tongue
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April 16, 2013, 06:40:46 AM
 #407

Another payment!

https://blockchain.info/tx/b207638c6f8194e764749934f97118ca4de03f5958894695ff332edb32661440

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April 16, 2013, 09:53:31 AM
 #408

Great !

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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May 11, 2013, 02:35:45 PM
 #409

It's been waaaay too long since my last dividend payment. Very sorry about that, folks. Here's the latest one:

https://blockchain.info/tx/f03e3fdcc32a47a28a5a1bc697573fc76a35d771f1d0696d3b626345b6372b58

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May 12, 2013, 07:25:23 PM
 #410

Nice to see another satoshi in wallet....

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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June 02, 2013, 05:57:39 PM
 #411

Another payment!

159574c5c5919a15cea9c1e1aa860e2aca3f9706e05c7a2fa0c0e12e42c053f6

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July 14, 2013, 03:12:37 PM
 #412

And, another payment:

txid: 05096425978646edb4adf6ff176eea2aa9dfd7defa18891fa77c93cc8e941af2

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August 25, 2013, 08:38:14 PM
 #413

Payment time:

txid: 2487f5d874a344c4c77f3578634c6e659b52f18213f369e6b8d37a9b015dbab1

meti
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August 25, 2013, 08:39:14 PM
 #414

Nice Smiley
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November 14, 2013, 03:24:24 PM
 #415

Nudge.
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November 15, 2013, 11:26:34 AM
 #416

There haven't been any payouts anymore for a long time.
And the official homepage does not exist anymore.

Has this contract been canceled without notice?

If you find my post useful send some Bitcoin: 167XM1Za8aG9CdbYuHFMpL2kvPsw6uC8da
Bitrated || bitcoin-otc || Moon Bitcoin Faucet
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November 15, 2013, 08:12:55 PM
 #417

There haven't been any payouts anymore for a long time.
And the official homepage does not exist anymore.

Has this contract been canceled without notice?

Probably makes sense to cancel it, what with the hashrate being what it is. That said, a proper winddown and final payout would be nice. Not sure if there's any money to be gained by liquidating the cards, but that might be a nice gesture too.
fizzisist (OP)
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November 17, 2013, 03:27:58 PM
 #418

We're still mining, but it's definitely getting close to the "not-worth-it" point. One issue is that each payment needs to be over 0.00005430 BTC for the client to send it, and with the shares spread out over so many people, the payment per account is tiny until it has been mining for months. I made a payment today almost 3 months since the last one and there will still some accounts that were under that limit. I had to manually remove those and will need to carry over the unpaid earnings for the next payment... an extra pain in the neck for me.

So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?

Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0

Dexter770221
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November 18, 2013, 03:43:55 PM
 #419

Sell those obsolete FPGA's and buy some ASIC hardware. Based on bitfury chips for example. Reinvest 10% of dividends and we all be happy 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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November 18, 2013, 05:33:25 PM
 #420

I talked to a guy a few days ago who is creating a sCrypt bitstream for the x6500s which will be finished in a few weeks. It may or may not be more profitable than mining btc on them, but keep your eyes open for that Cheesy

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