[www.easy2mine.com] 340$, the group buy of antminer s5(psu included)

[philipma1957]

0.66 btc is about 386$ , and psu is about 40$, set up fee 15$, so that is about 441$, and if i sold my running one to you today, even i place a new order at 0.66btc, the bitmain can only ship the new one out on Aug 12 and arrive in my DC on Aug 14, so i will lose about 5 days earning, which value 0.01*5=0.05 btc or 29$, so the total price is about 470$
and i only have 9$ profit, if they delay for one day, i will no profit at all.

anyway, it is not the meaning of my question, can you give the profit of 180 day?

yes here is  585 usd a coin 8% jumps  at 170 days to 190  a 2% pool fee.   no cost for the gear no cost for power

and same with 10% jumps.

  now you are charging 479 + 135 = 614 for 90 days and 479 + 270 = 749 for 180 days.    so it is really tight as to if it makes money.

 if rates of diff stay flat at low btc rate of 585 your deal will be just a bit off.

margins are getting very tight for all of us.



if you charge 749 for the miner and 180 days of power a 8% diff  is 749 - 739 a 10 dollar loss.






if you charge   749 for the miner and 180 days of power  a 10% diff will lose a little more then 749- 669 = 80 dollars

[notlist3d]

0.66 btc is about 386$ , and psu is about 40$, set up fee 15$, so that is about 441$, and if i sold my running one to you today, even i place a new order at 0.66btc, the bitmain can only ship the new one out on Aug 12 and arrive in my DC on Aug 14, so i will lose about 5 days earning, which value 0.01*5=0.05 btc or 29$, so the total price is about 470$
and i only have 9$ profit, if they delay for one day, i will no profit at all.

anyway, it is not the meaning of my question, can you give the profit of 180 day?

yes here is  585 usd a coin 8% jumps  at 170 days to 190  a 2% pool fee.   no cost for the gear no cost for power

and same with 10% jumps.

  now you are charging 479 + 135 = 614 for 90 days and 479 + 270 = 749 for 180 days.    so it is really tight as to if it makes money.

 if rates of diff stay flat at low btc rate of 585 your deal will be just a bit off.
(saving space look above for pictures + rest didn't want to flood thread)

We will have to see what happens on difficulty the last 3 have been 5%, 8%, 3%.   I can't predict jumps in difficulty but i think we are looking at <10 at current equipment out there.  Difficulty is trending in a good way for us miners lately in bitcoin mining, this is personal opinion.  I know some experts who estimate huge network increase, and others who don't only time will show.  But as of last 3 changes we have not hit 10 and look promosing.

Also the S3 will have a value for foreseeable future.  You will see S1's have customers still for undervolting for example.  I think at the end you can count on someone wanting to buy.  No one can predict that price though on that.

[pcfli]

yes, we have to admit that the profit each miner can produce become less and less, which means that you have to buy a lot of miner to get some profit, the good thing is the price of the miner also become cheap, so you can buy many unit of miner with the same money, but that will lead to too much power usage, it is impossible to host so many miner in home if you want to buy more than 50 unit s3, so host is still the good way, meanwhile on my side, seems i need to adjust the host fee in future to let customs make profit on long run,  the good thing is if the amount of money each miner can make not very much, the reliability of the power supply is not very serious, since i can just deduce the host fee of lost time.
BTW, we will draw a back up power supply within 2 weeks, however, we canot provide UPS to make no power cut time, which means  although we can not promise no power off time, but we can promise that there will be no long time power off time, if the power off longer than 1 hour, we will switch to back up power supply

[pcfli]

Pls delete

[notlist3d]

With S3's being in stock any customer on edge might consider Bitmain's next batch that is open does not ship possibly for a little while "AntMiner S3+ for sales shipping starts on September 20th or earlier" for batch 8.

If you go with hosting online in 12 hours you can get up in 5 to 6 days before next difficulty jump.  

Just things to think about.  As always happy mining!

[stevej]

Must be another power cut right now.. all my hosted stuff is offline ..

[nzgrant]

mine too

[nzgrant]

miner is up

[pcfli]

network problem, resolved after connecting isp

[philipma1957]

2. Insurance for the host miner
To ensure the people who buy host miner in my place will not lost money, we provide the following insurance
All of the host miner will have an option to resell after four month host and the price is calculated based on the following equation:
　　　　　　　　　　　　　　　　R= I+(H*4)-(M*E)
R:   Re-sell price
I：  Initial price of host miner
H:   Host fee:225$
M:   Mined btc during the four month,
E:   Exchange ratio of btc/usd from btc-e

Here is an example for understanding:
A buyer who have bought one host miner at the price of 2900$(I), the miner switched to his/her pool on Apr 18, and host in my place for four months, and mined 6.035 btc during these time. And the real-time exchange ratio of btc/usd in btc-e on 18 Aug is 410$ . Then this buyer will have an option to re-sell the miner to us at the price of
R= I+H*4-M*E=2900+(225*4)-(6.035*410)=3800-2475=1325$

 
I will get back with  the math done.

but I paid 2860 and  host fees. were 225+ 215 +  185  + (185 due) = 3670

 mined apr 20 to  apr 29 at  a diff of  6,978 ---   9  x .07214 = .64926 btc
 mined apr 29 to  may 12 at a diff of  8,000 ---  13 x .06293 = .81809
 mined may 12 to may 24 at a diff of  8,853 ---  12 x .05686 = .68232
 mined may 24 to june  5  at a diff of 10,455 --- 12 x .04815 = .57780
 mined June 5  to june 18   at a diff of 11,756 ---13 x .04282 = .55666
 mined june 18 to june 29  at a diff of  13,462 ---11 x .03740 = .41140
 mined june 29 to july  12  at a diff of 16,818 ----13 x .02993 = .38909
 mined july  12 to july 25   at a diff of 17,336 ----13 x  .02904 = .37752
 mined july  25 to aug  7   at a diff  of  18,736----13 x  .02687 = .34931

 will mine aug 7 to aug 20

total = 4.81145 btc x 584 usd btc-e = 2809

so 3670 - 2809 = 861 ?  pay back if it ended today>

So here I am I purchased my miner on apr 20 aug 18th comes to   120 days.    


I want to sell back the miner at your terms.  I paid you with paypal 2860.  4% of that was a paypal fee  so the price was 2750

2750  the hosting fees were  225 + 215 + 185 + (185 not paid)   this is  2750 + 810 = 3560

coins mined from apr 20 to aug 7 were 4.81145   

aug 8  to aug 18  are

10 x .02552 = .2552



4.81145
0.2552
_________
5.06665

 so 3560 -  5.0665 btc = what is due to me assuming I pay that last host fee.

 now I realize    since it is not aug 18th and we don't know the btc values  I can't settle a figure.

If it were today the 5.0665 btc = 2550 

 I would be due  about 1010.

So I see a storm coming if btc drops to 400   usd on aug 18th    as that price insurance  means you need give me around 1533.

I see clear skies if btc Jumps to 600 usd on aug 18th as that price insurance means you need to give me only  520

At the current rate of 503 I am owed   1010





Rather then wait until the 18th   I would take an 800 dollar buyout.   which is 200 under what you are selling your machines for today.

[dquancey]

2. Insurance for the host miner
To ensure the people who buy host miner in my place will not lost money, we provide the following insurance
All of the host miner will have an option to resell after four month host and the price is calculated based on the following equation:
　　　　　　　　　　　　　　　　R= I+(H*4)-(M*E)
R:   Re-sell price
I：  Initial price of host miner
H:   Host fee:225$
M:   Mined btc during the four month,
E:   Exchange ratio of btc/usd from btc-e

Here is an example for understanding:
A buyer who have bought one host miner at the price of 2900$(I), the miner switched to his/her pool on Apr 18, and host in my place for four months, and mined 6.035 btc during these time. And the real-time exchange ratio of btc/usd in btc-e on 18 Aug is 410$ . Then this buyer will have an option to re-sell the miner to us at the price of
R= I+H*4-M*E=2900+(225*4)-(6.035*410)=3800-2475=1325$

 
I will get back with  the math done.

but I paid 2860 and  host fees. were 225+ 215 +  185  + (185 due) = 3670

 mined apr 20 to  apr 29 at  a diff of  6,978 ---   9  x .07214 = .64926 btc
 mined apr 29 to  may 12 at a diff of  8,000 ---  13 x .06293 = .81809
 mined may 12 to may 24 at a diff of  8,853 ---  12 x .05686 = .68232
 mined may 24 to june  5  at a diff of 10,455 --- 12 x .04815 = .57780
 mined June 5  to june 18   at a diff of 11,756 ---13 x .04282 = .55666
 mined june 18 to june 29  at a diff of  13,462 ---11 x .03740 = .41140
 mined june 29 to july  12  at a diff of 16,818 ----13 x .02993 = .38909
 mined july  12 to july 25   at a diff of 17,336 ----13 x  .02904 = .37752
 mined july  25 to aug  7   at a diff  of  18,736----13 x  .02687 = .34931

 will mine aug 7 to aug 20

total = 4.81145 btc x 584 usd btc-e = 2809

so 3670 - 2809 = 861 ?  pay back if it ended today>

So here I am I purchased my miner on apr 20 aug 18th comes to   120 days.     


I want to sell back the miner at your terms

I wanted to do this but was refused via email.

Said it's not cost effect for him to do that anymore.

Glad someone else has brought it up.

[philipma1957]

I offered to do it at a lower price   if it was the 18th today I would be due 1010.   I am willing to do 800 usd.  I just pdf'd this page.

[stevej]

I think we have just gone down again.. My miners slowly just went offline..

[pcfli]

you are right, will be restore within one hour

[dquancey]

you are right, will be restore within one hour

pcfli, why is this still happening?

Will our host fee be lowered due to the downtime we are experiencing?

[pcfli]

you are right, will be restore within one hour

pcfli, why is this still happening?

Will our host fee be lowered due to the downtime we are experiencing?

the host fee will adjust to 110-135$ per kw from next round

[stevej]

All mine are going now but one dragon is still down

[pcfli]

the fan system in data center have problem and we have to shut down all miner to protect the miner from over-heat， the engineer is already work on this issue，should be resolved soon

[whispy]

All 3 of my Dragons are still down.

[philipma1957]

the fan system in data center have problem and we have to shut down all miner to protect the miner from over-heat， the engineer is already work on this issue，should be resolved soon

thank you for your attention to this.