Bitcoin Forum
April 27, 2018, 09:33:52 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: Buy shares for Mining Rig Pool  (Read 1159 times)
Offline Offline

Activity: 980
Merit: 1000

I'm not just any shaman, I'm a Sha256man

View Profile
May 23, 2011, 10:06:24 AM

(Still editing... Calculating Hash rates, and over all BTC calculation)

What your investing in
Your money will purchase everything necessary to purchase low-power consumption computer parts such as Motherboard, Ram, FlashDrive(as HDD) for graphics cards and Power Supply which every computer that is able to be purchased will be constructed and begin to mine and the contract will last for 3.5 months after that which point you will be asked to invest in the parts needed to upgrade to a reliable hashing level if you choose to not participate with the rest of the investors in upgrading the hardware your contract will be terminated and you will no longer have Bitcoins deposited to your account.

What you can expect after the 3.5Month
I've figured out after 3.5 months the initial mining rig will become unprofitable below is some data that is to be considered more like a guide then actual results due to the fact that the difficulty rate change fluctuates but this is just an estimate you can except, I averaged out both the worst case and the best case scenario to get a guided estimate of the expected results.

Cost of Electricity: $0.15 Kw/h (Its really .10 but just for the sake of worst case scenario)
current difficulty = amount of time in mining = $USD

Worst Case Senario(Increments of 400,000 difficulty)
244139   = 2 weeks = $676.76
644139 = 4 weeks = $256
1044139 = 6 weeks = $158
1444139 = 8 weeks = $114.4
1844139 = 10 weeks = $89.6
2244139 = 12 weeks = $72.36
2644139 = 14 weeks = $31.24

Overal of 3.5 Months;
Total Output: $1,398.36
Total output w\ electricity cost: $1,398.36 - $378 = $1020.36;

Best Case Senario(Increments of 100,000 difficulty)
244139   = 2 weeks = $676.76
344139 = 4 weeks = $477.48
444139 = 6 weeks = $369.96
544139 = 8 weeks = $301.64
644139 = 10 weeks = $256.5
744139 = 12 weeks = $222.04
844139 = 14 weeks = $195.74

Overall of 3.5 months:
Total Output: $2,496
Total output w\ electricity cost: $2496 - $378 = $2118

Expected total profit to be divided among the share holders after 3.5month contract

After electricity: $2079.36
After cost of initial hardware: $1579 (net profit)

Total Net Profit to be divided: $1579

What it will be like if you invest after the 3.5 month contract

After the 3.5 months I will look online for new VideoCard hardware to propose to investors that we can all agree on to get higher hashrates. At which point it will be cheaper to invest in a video card since the basic essential of computer hardware is already there.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Hero Member
Offline Offline

Posts: 1524821632

View Profile Personal Message (Offline)

Reply with quote  #2

Report to moderator
Sr. Member
Offline Offline

Activity: 316
Merit: 250

View Profile WWW
May 23, 2011, 11:38:33 AM

So which way would you go at it?
By having a rig that you pay for before you get the investors to place their money in a pot with no interest until you can buy the parts needed?

And what types of fees would be good to post.. (or maybe you'll just sell the hardware once people stop mining and get your profit that way?)

As of Oct 2017, the Droxne platform has been taken over by a new dev team We have no affiliation with the former developer.
Pages: [1]
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!