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dazz
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October 09, 2014, 02:49:03 PM |
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Can someone please help me figure this VTC/DRK thing? I have a few ASIC shares and no mods. Does it mean I can't set my payments to Vertcoin or Darkcoin? What happens if I set my coin choice to one of those? I read the first post and if I got it right I need to by a Dual Mod, but there are none available at the shop
Thanks in advanced guys
EDIT: ok, I think I got it. You buy a mod so a certain amount of shares can be used to mine VTC (Scrypt-N mod) or DRK (X11 mod) but those are not subject to multiplication, right?
You need to be patient. DualMOD got quite fast out of stock. I have waited 2 weeks in order to get one. Roger that, thanks  Remember, the DualMOD shares aren't subject to multiplication, but the reserved qASIC shares used for the DualMODs will be multiplied normally. So for example if you got 1 Anniversary Package + 1 DualMOD, the next multiplication will net you 560 qASIC shares... which just about covers the initial 630 shares that are reserved while mining VTC/DRK. Hmmm, ok so let me try an example just to make sure I got it right please. If I got say 100 Asic shares, and buy a 50 share dual mod, I got 50 shares mining LTC (or FTC) and 50 shares mining VTC When the multiplication happens all of the 100 shares are subject to multiplication, but none of the extra shares go to VTC, only for Scrypt so I end up with, I don't know 80 scrypt shares and still 50 VTC shares is that correct. Thanks for the clarification |
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organizer (OP)
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October 09, 2014, 03:03:09 PM |
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yep.
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dazz
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October 09, 2014, 03:07:55 PM |
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yep.
thanks, that's an important piece of info there. Much appreciated I have a problem now, trying to set my payment to FTC to take advantage of this week's bump, the FTC address won't go through, everytime I go back to my account there's still the LTC address, what gives? |
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Larry W
Newbie
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October 09, 2014, 03:52:49 PM |
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I believe it has to be set on FTC the entire week
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dazz
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October 09, 2014, 04:12:31 PM |
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I believe it has to be set on FTC the entire week
I'll try on Saturday after the payment then. At any rate, I think I'll leave it alone, cause the FTC diff increased quite a lot too Thanks |
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dazz
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October 09, 2014, 04:35:30 PM |
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aaaaand another question please. Convert to shares option: payment will be converted to shares at 1k6x share / USD with 60% discount (49% aniversary + 19%). If a given week that calculation results in say 10.6 shares, do I get 10 (round down)?, 11?, 10.6? |
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ErikvanBreen
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October 09, 2014, 05:17:14 PM |
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aaaaand another question please. Convert to shares option: payment will be converted to shares at 1k6x share / USD with 60% discount (49% aniversary + 19%). If a given week that calculation results in say 10.6 shares, do I get 10 (round down)?, 11?, 10.6? That is a good question, would you be willing to email this question to Chris through the "Contact" form on the site and let us know if he answers your question? I am interested in the answer aswell  |
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cartorys
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October 09, 2014, 07:27:47 PM |
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Do I need to do something with my ASIC shares after I have boght them? Or do they alredy farming for me?
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ErikvanBreen
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October 09, 2014, 07:38:39 PM |
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Do I need to do something with my ASIC shares after I have boght them? Or do they alredy farming for me?
You won't have to do anything, just set "Coin Choose" under my account to the coin you would like to be paid out in (LTC, FTC or BTC) and make sure you have filled in all your wallet addresses. In about 24 hours the payouts will start and you should receive your first payout for the shares you currently own |
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organizer (OP)
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October 09, 2014, 07:39:49 PM |
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I have a problem now, trying to set my payment to FTC to take advantage of this week's bump, the FTC address won't go through, everytime I go back to my account there's still the LTC address, what gives?
That one I don't know about, never mined FTC.... |
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organizer (OP)
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October 09, 2014, 07:40:30 PM |
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Some more DualMODs showing up today, every now and then.  |
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organizer (OP)
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October 09, 2014, 07:45:06 PM |
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Hopefully the coin estimates will prove to be better than last weeks (mostly FTC & DRK were the issue if you aren't following too close)... if all goes well, this is what I want to implement next:
I'll be able to use the forecasting stuff for more things...so one thing I really want to put in is a page where you can enter in basic purchase info (i.e. date, what product, BTC spent) and have it track ROI on the initial outlay... and have the ability add multiple purchases whenever you make them... but i'll start working on that when i feel like the estimates are as good as i can get them.
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dazz
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October 09, 2014, 07:51:45 PM |
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That is a good question, would you be willing to email this question to Chris through the "Contact" form on the site and let us know if he answers your question? I am interested in the answer aswell will do Do I need to do something with my ASIC shares after I have boght them? Or do they alredy farming for me?
Go to "My Account", set a "coin choice", that's the coin in which you get your weekly payments: LTC: if you want to be paid in LTC or FTC. If you pick this option, you'll be paid in LTC if you set an LTC address in the field "Scrypt address (LTC/FTC)" above, or FTC if you set an FTC address there BTC: your payment is converted to BTC, you need a BTC address in the field "SHA256 address (Bitcoin)", and also I'm guessing, an LTC or FTC address in the field "Scrypt address (LTC/FTC)" which is what your shares will be mining and converting to BTC. COnvert to shares: your profits are automatically reinvested in new shares at (currently) about 0.00121959 BTC per share if my calculations are not off. I'm asking about rounding of shares in this case Please someone correct me if there's anything that needs to be corrected here |
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dazz
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October 09, 2014, 08:37:25 PM |
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aaaaand another question please. Convert to shares option: payment will be converted to shares at 1k6x share / USD with 60% discount (49% aniversary + 19%). If a given week that calculation results in say 10.6 shares, do I get 10 (round down)?, 11?, 10.6? That is a good question, would you be willing to email this question to Chris through the "Contact" form on the site and let us know if he answers your question? I am interested in the answer aswell Confirmed, it's a round down or int part. 10.6 would net you 10 shares. |
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ellave
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October 10, 2014, 04:00:50 AM |
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So the dual mod's are worth it if you can catch them in stock?
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POM
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October 10, 2014, 04:48:29 AM |
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So the dual mod's are worth it if you can catch them in stock?
I have a few, they are a nice addition to the qASICs |
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ErikvanBreen
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October 10, 2014, 06:00:43 AM |
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aaaaand another question please. Convert to shares option: payment will be converted to shares at 1k6x share / USD with 60% discount (49% aniversary + 19%). If a given week that calculation results in say 10.6 shares, do I get 10 (round down)?, 11?, 10.6? That is a good question, would you be willing to email this question to Chris through the "Contact" form on the site and let us know if he answers your question? I am interested in the answer aswell Confirmed, it's a round down or int part. 10.6 would net you 10 shares. Thank very much for the info! good to know |
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dazz
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October 10, 2014, 11:51:43 AM |
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Thank very much for the info! good to know No prob mate For anyone interested, I also asked Chris about expiring shares, and whether we'll be notified for expiring shares so we can choose to renew them. He told me when time comes we will get an e-mail with details. |
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organizer (OP)
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October 10, 2014, 12:28:34 PM |
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So the dual mod's are worth it if you can catch them in stock?
It's really just a personal choice of strategy... right now 3200 qASICS mining LTC is earning a slight bit more DualMODS.... but the LTC only earnings slowly degrade pretty predictably over time (even with multiplication)... Until recently VTC has been outperforming everything and DRK was terrible to mine... this week there's more parity between DRK & VTC... I think it's just a diversification thing... at least for me... plus I like the 2 coins that you get from DualMODs. |
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AizenSou
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October 10, 2014, 12:38:19 PM |
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So the dual mod's are worth it if you can catch them in stock?
It's really just a personal choice of strategy... right now 3200 qASICS mining LTC is earning a slight bit more DualMODS.... but the LTC only earnings slowly degrade pretty predictably over time (even with multiplication)... Until recently VTC has been outperforming everything and DRK was terrible to mine... this week there's more parity between DRK & VTC... I think it's just a diversification thing... at least for me... plus I like the 2 coins that you get from DualMODs. Your calc tool says otherwise: LTC+DRK: 0.6997 BTC/week LTC+VTC: 0.6016 BTC/week Some data wrong ? |
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