Gigamining / Teramining

[jamesg]

There is some info here, though things are changing do to the configurations/setup being tweaked.

http://kcmo2.gigamining.com/

You can checkout any of the public stats pages.

• http://gigamining.com
• http://kcmo.gigamining.com
• http://kcmo2.gigamining.com

There is no stats page for the 24Gh of GPUs out on the west cost, but they are still humming away.

If you are a Teraminer, you can also request access to the semi-private pool by emailing me at james@gigamining.com

This will give you access to our current stats including blocks found, payouts for each block, probability charts, etc.

[jamesg]

Teraminers:

You should see two different payments today for Teramining. As the VPS family grows, I am off loading responsibilities and as a consequence, we've had a slight hiccup in sending payments. Needless to say we will make sure that there are no more of these in the future.

Best,
James

[SysRun]

BFL looks to be bottlenecked @ 3500 chips per week right now (14TH/s). Given this limitation, when do you expect to have all 10.5TH/s up and running? If they're shipping FIFO it could be this week, right?

[jamesg]

BFL looks to be bottlenecked @ 3500 chips per week right now (14TH/s). Given this limitation, when do you expect to have all 10.5TH/s up and running? If they're shipping FIFO it could be this week, right?

I will be sending out an email tonight that will explain what the plan is going forward.

[jamesg]

I will be sending out an email tonight that will explain what the plan is going forward.

Well, instead of writing an email, I've fixed the minirig that had a 60Gh/s card down. Figured hashing is more important than emails. 

Total hashing power is at 1.84Th/s including the 24Gh/s out on the left coast.

Email to Teraminers will be sent in the morning.

[jamesg]

Email to Teraminers will be sent in the morning.

Email has been sent. If you are a Teraminer and didn't receive it, email me at james at gigamining dot com.

-------

We've upgraded the PSUs in the Avalons so we could overclock them even more with the recent changes to cgminer.

They are now running at 82Gh/s each! 

This should help offset the return of the FPGA singles as I needed to return them for the delivery of the first 1.5Th/s.

[jamesg]

Total hashing power is at 1.84Th/s including the 24Gh/s out on the left coast.

Another bump in hash rate to a total of 2.25Th/s for the VPS family. This brings Teramining to 400Gh/s and should be a big lift in weekly payments.

Our semi-private pool is also at a sustained 8.75Th/s which should help reduce short term variance.

If you are a Teraminer and would like access to the pool to see all of the stats, just shoot me an email and I'll send you a registration link.

james at gigamining dot com

Best,
James

Edited to put in correct values.

[jamesg]

To all MPEx passthrough holders:

https://bitcointalk.org/index.php?topic=244716.0

[handytxg]

Is it possible to claim my shares wihout going to public notary??

[BurtW]

Is it possible to claim my shares wihout going to public notary??

If you are in the US then you can walk into any bank or credit union, ask for the notary, show ID, get the document notarized and it should be free.  You do not even need to have an account at the bank.  If you are not in the US then it is more difficult.

[handytxg]

Is it possible to claim my shares wihout going to public notary??

If you are in the US then you can walk into any bank or credit union, ask for the notary, show ID, get the document notarized and it should be free.  You do not even need to have an account at the bank.  If you are not in the US then it is more difficult.

Unfortunately im not in the US. btw how much does it worth for 1 shares in btc currently?
can I use stamp duty instead? stamp duty here in Indonesia can be used to legalize a document.

Stamp duty is nominal only at either Rp. 3,000 or Rp. 6,000 on certain documents. The rate of Rp. 6,000 is applicable for letters of agreement and other letters, Notary Deed and Land Deed including its copies. For all documents bearing a sum of money, the rate is Rp. 6,000 when the value stated in the document is more than Rp. 1 million, and Rp. 3,000 when the value is between Rp. 500,000 and Rp. 1 million. Below Rp. 500,000 is not subject to stamp duty. For cheques, the rate is Rp. 3,000 regardless of money value stated.
http://www.bkpm.go.id/mobile/content/p14.php?m=14&l=1&i=58

[Holographic]

So when will we be able to upgrade to Teramining, and what is the current holdup? How is it justified that some Gigaminers were allowed to upgrade, and others were not?

Would appreciate some straight answers to these questions, as I can't seem to find them in the thread.

[boonies4u]

So when will we be able to upgrade to Teramining, and what is the current holdup? How is it justified that some Gigaminers were allowed to upgrade, and others were not?

Would appreciate some straight answers to these questions, as I can't seem to find them in the thread.

If you're talking about what I think you are... it's because he hasn't received enough ASICs to be able to pay out everyone at Terraminer rates.

[jamesg]

So when will we be able to upgrade to Teramining, and what is the current holdup?

I have not received enough equipment to bring current Teraminers up to the full 9Mh/s.

How is it justified that some Gigaminers were allowed to upgrade, and others were not?

This has nothing to do with allowing. Some gigaminers upgraded in Jan/Feb turning in their Gigamining contracts. They are being compensated for their swift action in claiming and upgrading.

Besides that fact, if you take the free upgrade, you would be making less per week than sticking with Gigamining. The only way to make more would be to take the paid upgrade.

I am giving up possible paid upgrades to accomodate those who have been most loyal.

[Holographic]

So when will we be able to upgrade to Teramining, and what is the current holdup?

I have not received enough equipment to bring current Teraminers up to the full 9Mh/s.

How is it justified that some Gigaminers were allowed to upgrade, and others were not?

This has nothing to do with allowing. Some gigaminers upgraded in Jan/Feb turning in their Gigamining contracts. They are being compensated for their swift action in claiming and upgrading.

Besides that fact, if you take the free upgrade, you would be making less per week than sticking with Gigamining. The only way to make more would be to take the paid upgrade.

I am giving up possible paid upgrades to accomodate those who have been most loyal.

Can't blame you for being at the mercy of BFL time, but you did specify a deadline for claims. I claimed before the deadline, but the upgrade option was already gone when i got access to my VPS account. I thought I was being loyal enough sending you the requested ID scan and affidavit within the specified deadline. That could have been handled differently in my opinion.

Also, technically it was your decision, so you did in fact "allow" them to upgrade, and you did not "allow" me and others to upgrade. Though, in light of the fact that the free upgrade is actually making less than regular Gigamining contracts at this point, I guess I should thank you for not allowing me to upgrade.

One thing I noticed, is how you use the term "giving up possible paid upgrades", inferring that those would be most beneficial to you. Is it safe to say that you don't think the hashing power provided in the upgrade will mine more btc than the price of the upgrade? What we have here is a situation where one party has hashing power(you) and the other party has bitcoin(Gigaminers). There is no way a deal can be made that is mutually beneficial at this point. Buying hashing power with btc is always a gamble, with difficulty being the deciding factor. Calculating returns, using the same continued growth in difficulty, the free upgrade marginally ends up as the best option in terms of btc that I'm left with at the end of the contract. I could be missing something in my calculations though, but I guess I'll just play it safe and take the free upgrade when the rigs arrive. Thank you for the answers.

[BurtW]

What you may have forgotten is that those of us that upgraded very early and turned in our Gigamining contracts received no dividends from the time we upgraded until the time equipment started to arrive.

If you did not upgrade then your Gigamining contracts continued to pay dividends that whole time.

[jbreher]

Also, technically it was your decision, so you did in fact "allow" them to upgrade, and you did not "allow" me and others to upgrade. Though, in light of the fact that the free upgrade is actually making less than regular Gigamining contracts at this point, I guess I should thank you for not allowing me to upgrade.

While that all may be the case, it might be pointed out that the Gigamining terms carried no statement about upgrading to Teramining. While I grumbled in having to dox myself, I did so before the first-stated deadline came to pass. It seemed to me the best deal available to me.

Is it safe to say that you don't think the hashing power provided in the upgrade will mine more btc than the price of the upgrade?

I don't think anyone really _knows_ the answer to this. There are several variables involved that can each vary by orders of magnitude in this calculation. The looming ones that I see include BFL's delivery performance and total network hash rate over that time.

I hope to recover my BTC upgrade cost, but I do not see this as a certain outcome. Recovering my entire Gigamining and Teramining BTC seems still a possibility, though perhaps less certain.

You'll need to do your own analysis, and make your own decision.

[jamesg]

Teraminers:

Total hashrate has risen to just over 3.2Th/s with more incoming. Teramining is now at 544Gh/s.

Pool is hovering at 13Th/s currently which is great for reducing variance in weekly payments.

[001sonkit]

While your lawyer haven't looked at any of my 4 claiming request sent in past 8 months. And bunches of small investor who are not cost-efficient to deal with the stupid lawyer stuff.

This resulted in you owing me 2 shares plus all it's dividend, plus all small investors out there. Seriously, it IS possible for you to make some shares "non-law-protected" and just let us small investor claim those. It doesnt mantter how many hash you make, for us, it is 0 Hash perpetual now, until we can claim it without going through legal channels

[jamesg]

Teramining update

I think I forgot to post this, but we now have 8 mini rigs running along with FGPA minirigs, GPUs and Avalons for a total of 4.1Th currently.

Last week we ran at 104.78% PPS for the week.

Looking forward, there is more equipment coming in over the next couple of weeks from multiple manufacturers which will definitely help push us up even further.

The semi-private pool is now above 17Th/s making it just about tied with Slush for 4th place on the largest pools list.

Best,
James