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Author Topic: [closed] Buy shares NOT  (Read 47136 times)
BioMike
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May 14, 2011, 08:21:32 AM
 #81

What I meant to say, while waiting for stuff to come in, you can already start on the next upgrade to a more powerful system. Would be a waste if the market went down tomorrow, while you could get the $800 for it.

I guess the stuff that is currently shipping isn't the full rig that you had in mind initially.
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kgo
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May 14, 2011, 05:07:38 PM
 #82

What I meant to say, while waiting for stuff to come in, you can already start on the next upgrade to a more powerful system. Would be a waste if the market went down tomorrow, while you could get the $800 for it.

I guess the stuff that is currently shipping isn't the full rig that you had in mind initially.

Only got a measly 15 shares, but I agree with this.  Sure it's annoying when to sell and watch the price goes up, but given the lag time you seem to get on shipping, shore up the supply chain.  Order now so you have the parts in two weeks.
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May 14, 2011, 06:08:35 PM
 #83

Today found a guy to get new 5870 cards.
Now around 350 coins in mtgox for conversion. When it converts, i will buy around 6 or more 5870 cards.
Now, i got confusion about which mother board to go.

I need suggestions, i will go for core quad or lower INTEL processor.
Mother board must be able to run 8* 5870 cards.
With 1x to 16x riser cable, i can use any pci ex slot for 5870. I am right?
Even in a 16x pcie slot, i put a 1x to 16x riser & mine with out problems?

I need help from you guys to go for which mother board. There are lots of mother board.
Asus seems creating problem. Is it correct?
Then have to go for MSI or Gigabyte mother board.
I need model number, so i can check with local & buy.


BioMike
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May 14, 2011, 06:31:55 PM
 #84

Today found a guy to get new 5870 cards.
Now around 350 coins in mtgox for conversion. When it converts, i will buy around 6 or more 5870 cards.
Now, i got confusion about which mother board to go.

I need suggestions, i will go for core quad or lower INTEL processor.
Mother board must be able to run 8* 5870 cards.
With 1x to 16x riser cable, i can use any pci ex slot for 5870. I am right?
Even in a 16x pcie slot, i put a 1x to 16x riser & mine with out problems?

I need help from you guys to go for which mother board. There are lots of mother board.
Asus seems creating problem. Is it correct?
Then have to go for MSI or Gigabyte mother board.
I need model number, so i can check with local & buy.

I would suggest to ask in the Mining forum, not here.
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May 17, 2011, 02:04:54 AM
 #85

Hi guys,

Everything going ups & downs. But still nothing gone beyond out of control.
The new card i ordered through ebay on 9 th may, paid using paisapay, which MUST have received by today or yesterday, didn't received.
Instead the idiotic seller called me yesterday by phone & said the card is not available with them, so they can't send it.
After scolding them, why you listed card which was not there, they said they repay me.
Since ebay always repays taking 7-15 days for repayment, i argued & she accepted to send me the money to my bank directly today(17th may).
After getting money, i have to search card again.

As said before, that i ordered a used card, i got that card yesterday. Its a sapphire 5870 1GB card. Installed in to the spare pc with some what managing by having 2*250 Watts power supply which lying around & started mining from yesterday night.
This card mines in slush pool.
I have for now created portable bitcoin client, so that i use different address & it doesn't mix with the coins in my wallet making confusion.
 
http://blockexplorer.com/address/1JdwFdWf7LDEKcUg93L2qKXpgEkoVqeKHC    -slush

http://blockexplorer.com/address/1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D    
 
I alloted this 2 address to this 2 pools now. & mining in slush.

Today i will finalize mother board & cpu & i ordered today i will get in 2-3 days.

Also, don't know what the hell my government doing more power cuts for the past 3-4 days after election results & another party won election promising to reduce power cuts.
Ok power cut now, so i just finish it.




BioMike
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May 17, 2011, 05:40:08 AM
 #86

Hi Dishwara,

Thank you for the update. Very unfortunate that you didn't get the card (please tell that you got the money back and that the seller didn't decide to keep it). Isn't it better to just buy the card in a store (aka pay the money and take the card with you), this is now maybe going to cost more money because you have to wait again (and difficulty will go up soon again).

Anyway, could you keep us updated with how much the current rig is generating? Daily or every 2 days... how much BTC you collected and how much this is per share. Also, keep the tech talk (all the contents of each rig, it doesn't say all that much to me) low.

Cheers,

BioMike
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May 17, 2011, 06:16:44 AM
 #87

yesterday night only i started mining with the one 5870 i got.
Its OC-ed & running at 420-424 Mhash/s in slush pool. Miner is phatk.

Seller phoned & emailed that she will send money today itself. If not i will tear them left & right. coz already they kept money for a week, & now i have to find cards.
Still a local guy said 2 cards available & yesterday i gave advance. he also local dealer in ok, my city TRICHY for cooler master products.
You can see his address "7th systemz "  in the link below.

http://www.coolermaster.in/where.php?country=India&state=Tamil+Nadu&sales_id=7
Since, the PSU, cards, mother boards i ask are high end, many don't sell it & many don't have any idea of bitcoin, they insist me to buy useless things. They have to get from their distributors in other city or state that delays, which is bad for us due to difficulty.
Today found another shop, going to ask him also cards & he said in phone its available & he can purchase, if i give advance. Their is very high chance that, i will get.





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Sukrim
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May 17, 2011, 11:10:41 AM
 #88

Just as a short recommendation: There are pools with a lower fee than deepbit/slush... however payout variance might be a bit higher there, as they are smaller.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
speeder
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May 17, 2011, 12:11:47 PM
 #89

Keep the good work Cheesy I cannot wait to see the dividends rolling in Smiley

And I know your pain, I am from Brazil, and I am not finding the parts either (the cheapest that I found, the guy wanted 2000 USD for a 5970 O.o How much that costs in the US?)

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May 17, 2011, 04:27:42 PM
 #90

I need my share holders to contact me through PM.
I don't know how to use glbse to contact my SH. Also, i need to get counsel from share holders who bought major shares of mine.
Please PM me with your number of shares.

Even though i own more than 51% shares, i don't want to go monopoly. Some times i need to discuss matters with major share holders.
currently i know only one person who has around 100 shares.
And the share holders name & no. of shares won't be revealed at any cost. It will be kept secret.

dishwara
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May 17, 2011, 04:57:49 PM
 #91

Just as a short recommendation: There are pools with a lower fee than deepbit/slush... however payout variance might be a bit higher there, as they are smaller.
I agree with you & i won't stick to only one pool.
For starting i joined slush pool. may be each card will mine in different pool.
I will keep on changing pools according to the pools efficiency, RPC error, server down, hacking.......
May even go for PPS, if that gives more coins.
my only aim is to get maximum output with out compromising stability.
Nefario
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May 17, 2011, 04:59:04 PM
 #92

For voting go here:

https://gitorious.org/black-market/pages/Tutorial

And scroll down to the voting section near the bottom.

These are yes or no votes, dishwara, write in a text document what you would like your shareholders to approve or reject, then follow the tutorial.

But it's also good for shareholders to PM him with suggestions. It's your money people.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
dishwara
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May 17, 2011, 05:00:34 PM
 #93

For voting go here:

https://gitorious.org/black-market/pages/Tutorial

And scroll down to the voting section near the bottom.

These are yes or no votes, dishwara, write in a text document what you would like your shareholders to approve or reject, then follow the tutorial.

But it's also good for shareholders to PM him with suggestions. It's your money people.

Thanks.
Unthinkingbit
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May 19, 2011, 03:46:35 AM
 #94

I agree with you & i won't stick to only one pool.
For starting i joined slush pool. may be each card will mine in different pool.
I will keep on changing pools according to the pools efficiency, RPC error, server down, hacking.......
May even go for PPS, if that gives more coins.
my only aim is to get maximum output with out compromising stability.

Just another recommendation.

I suggest making all the coins on your own, forget the pools.  As a shareholder all I care about is maximum output.  I'm in it for the long haul and I don't care about short term variance.

Besides taking bitcoins, the pools also take your time.  I prefer that you spend all your business time on mining, not some of it on registering and changing pools.  My experience in business is that time is the most valuable thing you have, it should not be squandered.

BioMike
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May 19, 2011, 04:30:54 AM
 #95

I agree with you & i won't stick to only one pool.
For starting i joined slush pool. may be each card will mine in different pool.
I will keep on changing pools according to the pools efficiency, RPC error, server down, hacking.......
May even go for PPS, if that gives more coins.
my only aim is to get maximum output with out compromising stability.

Just another recommendation.

I suggest making all the coins on your own, forget the pools.  As a shareholder all I care about is maximum output.  I'm in it for the long haul and I don't care about short term variance.

Besides taking bitcoins, the pools also take your time.  I prefer that you spend all your business time on mining, not some of it on registering and changing pools.  My experience in business is that time is the most valuable thing you have, it should not be squandered.

While I agree with you, please note that the rig is not so powerful yet. At current difficulty it would take 86 days (p=0.96) to generate a block. In that time the difficulty might go a lot higher then current difficulty. Causing the rig to never generate a block. As long as the rig isn't able to generate a block in 4 or 5 days, I think pooling might be the best option (as in payout vs. no payout).
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May 19, 2011, 12:27:23 PM
 #96

Avoid Deepbit.

First: It is a security problem (if everyone mine in Deepbit it causes security issue in bitcoin as whole), and second, they charge a high fee... There are even free pools out there.

dishwara
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May 20, 2011, 11:11:38 AM
 #97

If you read my just released thread, then many secrets & scolds will come out.
http://forum.bitcoin.org/index.php?topic=9090
dishwara
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May 20, 2011, 08:48:32 PM
 #98

So far ~ 5 coins. Its due to heavy power cuts for the past 2 days.

I had totally 8 hours + 1 hour continuous power cut on 19th. on 18th it was 3 + 1+ 1/2 + 1/2 + 1 .. totally more than 6 hours on 18th & 3+1, 4 hours on 17th.
Today only 2 hours cut & then another for 5 minutes. Power cut is due to already power cut problem fueled by 13th state election result of Tamilnadu.
Since my SH rig is connected directly to power, it switches off, when power goes down.
I can't connect it to UPS, due to heavy power draw & already i have connected my 6870 to 800 VA ups which only able to run for 1-1.15 hours, which is connected to the house for my sick father to get at least some air while temp in my city is 40C & room temp is more than 40C, due to hardware running.

I got money from ebay seller yesterday & searching for sellers for cards, coz if i import, customs duty itself ~27% + shipping etc.
2 cards & 1 PSU confirmed so far & in transit. Also motherboard, cpu, ram, hdd.. also confirmed, & i buy tomorrow.
Until i get PSU & cards, its danger to connect mother board with the method i connected now & mining with 1 5870.

Yesterday i bought an AOC monitor which uses only 18 W power due to LED back light & also keyboard, mouse, surge protector & switch & connected to my old spare system.

Spare system is run by 2* ~250 PSU, one from iball & another from acer.
Here's screen shot.



After i fill the mobo with cards, i will go for custom cabinet. & until i get the certified PSU i ordered, i will not touch my mobo.
I am sure next week i will be running with 3 cards & if needed ,i also put my 6870 also in to SH rig, making it 4.

Also i can't able to convert btc i have, coz of very low price & some controlling network.

Hope will get good results for card in local itself.
dishwara
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May 23, 2011, 04:01:25 AM
 #99

http://blockexplorer.com/address/1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D
http://blockexplorer.com/address/1JdwFdWf7LDEKcUg93L2qKXpgEkoVqeKHC

4.48 + 3.68 = 8.16 BTC

kgo
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May 23, 2011, 05:08:36 AM
 #100


Excellent...

How many days have you been up?  Did you start on the 18th or earlier?  I know there have been some power outages, but I'm curious about an average btc per day under your current conditions.
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