Bitcoin Forum
December 04, 2016, 12:03:28 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: ...
. - 0 (0%)
.. - 0 (0%)
Total Voters: 0

Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 ... 130 »
  Print  
Author Topic: Gigamining / Teramining  (Read 201414 times)
Nefario
Hero Member
*****
Offline Offline

Activity: 602


GLBSE Support support@glbse.com


View Profile WWW
April 10, 2012, 01:50:55 PM
 #81

To all pre-sale purchasers: All bonds have been distributed at this time.

Congratulations on very successful IPO.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
1480809808
Hero Member
*
Offline Offline

Posts: 1480809808

View Profile Personal Message (Offline)

Ignore
1480809808
Reply with quote  #2

1480809808
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
occulta
Full Member
***
Offline Offline

Activity: 187



View Profile
April 10, 2012, 01:51:48 PM
 #82

Got my pre-sales as promised and on-time, thanks giga Smiley

GPG KeyID: F5A703CC74E46E5D
mila
Sr. Member
****
Offline Offline

Activity: 462



View Profile
April 10, 2012, 01:57:28 PM
 #83

12 minutes to go.

If you haven't place a big yet, don't miss out.

I placed, went to a meeting and saw that it was not filled. I'll go and buy a BFLS instead : (
but it was a nice daydream to mine with a contract (while it lasted).
maybe some pre-orders will sell for profit as already mentioned

your ad here:
jamesg
VIP
Legendary
*
Offline Offline

Activity: 1330


AKA: gigavps


View Profile
April 10, 2012, 02:16:09 PM
 #84

Got my pre-sales as promised and on-time, thanks giga Smiley

You are quite welcome.
JWU42
Legendary
*
Offline Offline

Activity: 1484


View Profile
April 10, 2012, 02:20:56 PM
 #85

Yes - my shares were delivered just minutes after opening - thanks for that!

GPG PubKey | THREEMA | OTC | HeatWare | 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
jamesg
VIP
Legendary
*
Offline Offline

Activity: 1330


AKA: gigavps


View Profile
April 10, 2012, 02:51:04 PM
 #86

Yes - my shares were delivered just minutes after opening - thanks for that!

You are welcome JWU42.

To all bond holders:

You can now see my account is fully verified -> https://glbse.com/asset/view/GIGAMINING

Thank you to everyone who bought shares this morning.
aseldon
Member
**
Offline Offline

Activity: 64



View Profile
April 10, 2012, 02:56:42 PM
 #87

Can't thank you enough for verifying!!!   Grin
jamesg
VIP
Legendary
*
Offline Offline

Activity: 1330


AKA: gigavps


View Profile
April 10, 2012, 03:07:52 PM
 #88

Can't thank you enough for verifying!!!   Grin

I have a vested interest in making bitcoin and resounding success and am doing everything in my power to help make that happen.

That means making sure the community has worth while ventures to invest in and be confident that they will be run with integrity and reverence for the investors involved. My goal is to live up to this standard thereby setting a high bar for others to follow.
Turbor
Legendary
*
Offline Offline

Activity: 1008


BitMinter


View Profile WWW
April 10, 2012, 03:20:43 PM
 #89

It was the hell Grin. I was sealing a floor with the stick in one hand and bidding with the iphone in the other hand. My timing was perfect and I was able to get 70 shares. Wanted 80 to 90 but there were just too many bidder.

tgmarks
Donator
Hero Member
*
Offline Offline

Activity: 490


View Profile
April 10, 2012, 04:35:41 PM
 #90

The price is shooting up fast and i am behind in the game but figure i still gotta get in on some of this. This is a real benefit to the community.

jamesg
VIP
Legendary
*
Offline Offline

Activity: 1330


AKA: gigavps


View Profile
April 10, 2012, 07:44:24 PM
 #91

To all bond holders:

You will be able to see, at anytime, the coupon payment made thus far at the link below.

http://gigamining.com/

Enjoy.
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
April 10, 2012, 08:19:02 PM
 #92

To all bond holders:

You will be able to see, at anytime, the coupon payment made thus far at the link below.

http://gigamining.com/

Enjoy.
I like this link better: http://farm.gigamining.com/mgpumon/ Grin

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
yochdog
Legendary
*
Online Online

Activity: 1666



View Profile
April 11, 2012, 04:33:30 AM
 #93

I am curious......

There seems to be huge demand for this offering, which by my math works out to paying approximately $1 per MH (or .2 BTC per MH for you real die-hards).  It is very easy to build rigs that offer nearly 2 MH per $1, so why the rush to buy this? 

I am assuming people don't want the hassle of maintaining a farm?  Don't want the electric bill? 

I understand paying a premium for simplicity, but paying twice as much seems a bit steep. 

Just curious. 

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
BinaryMage
Hero Member
*****
Offline Offline

Activity: 546


Ad astra.


View Profile
April 11, 2012, 05:04:04 AM
 #94

I am curious......

There seems to be huge demand for this offering, which by my math works out to paying approximately $1 per MH (or .2 BTC per MH for you real die-hards).  It is very easy to build rigs that offer nearly 2 MH per $1, so why the rush to buy this? 

I am assuming people don't want the hassle of maintaining a farm?  Don't want the electric bill? 

I understand paying a premium for simplicity, but paying twice as much seems a bit steep. 

Just curious. 

Financially speaking, from a non-Bitcoin perspective, the ROI for a perpetual holding like this is just ridiculous - over 100% annually at the current difficulty. I suspect that draws some with less technical ability or inclination.

Speaking as someone who is technically inclined and does run a mining farm, this is still appealing. I have (a) mediocre facility access, (b) frequent travel and (c) electricity that's not ludicrous but not cheap either. My mining farm is certainly profitable, but diversifying my holdings with a good ROI and an extremely trustworthy operator seems a good call.

-- BinaryMage -- | OTC | PGP
JWU42
Legendary
*
Offline Offline

Activity: 1484


View Profile
April 11, 2012, 10:28:14 AM
 #95

BinaryMage,

Well said - might even point people to your post when questioning my offering (and all the perpetual bond offerings for that matter)  Smiley

GPG PubKey | THREEMA | OTC | HeatWare | 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
jamesg
VIP
Legendary
*
Offline Offline

Activity: 1330


AKA: gigavps


View Profile
April 11, 2012, 11:50:09 AM
 #96

My mining farm is certainly profitable, but diversifying my holdings with a good ROI and an extremely trustworthy operator seems a good call.

Thanks for the vote of confidence BinaryMage. I appreciate your kind words.
jamesg
VIP
Legendary
*
Offline Offline

Activity: 1330


AKA: gigavps


View Profile
April 11, 2012, 12:27:22 PM
 #97

I have put up the calculation for computing individual coupon payments at the bottom of the page -> http://gigamining.com

If you find a flaw in my calculation, please let me know.
Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
April 11, 2012, 12:45:46 PM
 #98

I'd recommend you to just pick a block on a certain date + time and calculate from this block to the next one. You could even set a certain time (e.g. "the last block before 10 AM UTC on Saturday until the last block before 10 AM UTC on the next saturday") to make it more transparent.

Something like:
Week #123:
Blocks #123456 - 123800: Difficulty 1234, 50 BTC/block --> 0.0001 BTC/block per MH/s = 100% PPS, 344 blocks: 0.0001*344 = 0.0344 for this difficulty
Blocks #123801 - 125000: Difficulty 2345, 50 BTC/block --> 0.00001 BTC/block per MH/s = 100% PPS, 1199 blocks: 0.00001*1199 = 0.01199 for this difficulty so far

Week #124:
Blocks #125001 - ...

and so on. (Numbers completely made up)

Also: "The expected number of hashes we need to calculate to find a block with difficulty D is therefore D * 2**48 / 0xffff", meaning your 2^32 estimate is wrong (but only by 0.00something percent... Wink ), see https://en.bitcoin.it/wiki/Difficulty


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
yochdog
Legendary
*
Online Online

Activity: 1666



View Profile
April 11, 2012, 12:49:35 PM
 #99

I am curious......

There seems to be huge demand for this offering, which by my math works out to paying approximately $1 per MH (or .2 BTC per MH for you real die-hards).  It is very easy to build rigs that offer nearly 2 MH per $1, so why the rush to buy this? 

I am assuming people don't want the hassle of maintaining a farm?  Don't want the electric bill? 

I understand paying a premium for simplicity, but paying twice as much seems a bit steep. 

Just curious. 

Financially speaking, from a non-Bitcoin perspective, the ROI for a perpetual holding like this is just ridiculous - over 100% annually at the current difficulty. I suspect that draws some with less technical ability or inclination.

Speaking as someone who is technically inclined and does run a mining farm, this is still appealing. I have (a) mediocre facility access, (b) frequent travel and (c) electricity that's not ludicrous but not cheap either. My mining farm is certainly profitable, but diversifying my holdings with a good ROI and an extremely trustworthy operator seems a good call.

Makes sense.  Thanks for taking the time to respond!

I am a trusted trader!  Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
jamesg
VIP
Legendary
*
Offline Offline

Activity: 1330


AKA: gigavps


View Profile
April 11, 2012, 12:57:13 PM
 #100

I'd recommend you to just pick a block on a certain date + time and calculate from this block to the next one. You could even set a certain time (e.g. "the last block before 10 AM UTC on Saturday until the last block before 10 AM UTC on the next saturday") to make it more transparent.

Something like:
Week #123:
Blocks #123456 - 123800: Difficulty 1234, 50 BTC/block --> 0.0001 BTC/block per MH/s = 100% PPS, 344 blocks: 0.0001*344 = 0.0344 for this difficulty
Blocks #123801 - 125000: Difficulty 2345, 50 BTC/block --> 0.00001 BTC/block per MH/s = 100% PPS, 1199 blocks: 0.00001*1199 = 0.01199 for this difficulty so far

Week #124:
Blocks #125001 - ...

and so on. (Numbers completely made up)

Also: "The expected number of hashes we need to calculate to find a block with difficulty D is therefore D * 2**48 / 0xffff", meaning your 2^32 estimate is wrong (but only by 0.00something percent... Wink ), see https://en.bitcoin.it/wiki/Difficulty

Hi Sukrim,

Thanks for your reply. I appreciate your input.

What exactly is the difference from saying i'm going to pay for the last 604,800 seconds (aka a week) and your suggestion? How is one "more transparent" than the other?

Thanks,
gigavps
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 ... 130 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!