For those of you NOT on IRC. I will grace you with this glorious theorycraftage:
Here you go guys:
1400 BTC from Avalon Refund = $770,000. If we get machines at retail value, and not cost (unlikely, but we'll do worst case scenario) it'll cost $155,598,80 for 24.576TH/s and we can afford 4.94 fully loaded Platinum miners. (I'm guessing we can get that to 5 full machines with expansions). 5 X 24.576 = 122.88 TH/s. (The $770K is based off of a $550 BTC)
100TH/s is 2% of a 5PH network, (We are at 4.8PH currently). 2% of the TNH is 72 coins a day (2% of 3600 possible coins). 72 * 7 for the weekly net amount is 504. I'll cut it in half, for reinvestment, so we can keep up with the hashrate, so 252.
252 / 10,000,000 (not counting the other 15M yet) is .0000252/share. Which is $.01386/share @ $550 a BTC each week. Not bad for paying $.25 a share initially.
Read it and weep.
WEEP I SAY!
Boner Alert!!
Warning! Reading the above may cause boners.
Yeah. I like those numbers. We need to get this plan in motion, though.
That warning was too late!!
1400 BTC from Avalon Refund = $770,000. If we get machines at retail value, and not cost (unlikely, but we'll do worst case scenario) it'll cost $155,598,80 for 24.576TH/s and we can afford 4.94 fully loaded Platinum miners. (I'm guessing we can get that to 5 full machines with expansions). 5 X 24.576 = 122.88 TH/s. (The $770K is based off of a $550 BTC)
100TH/s is 2% of a 5PH network, (We are at 4.8PH currently). 2% of the TNH is 72 coins a day (2% of 3600 possible coins). 72 * 7 for the weekly net amount is 504. I'll cut it in half, for reinvestment, so we can keep up with the hashrate, so 252.
252 / 10,000,000 (not counting the other 15M yet) is .0000252/share. Which is $.01386/share @ $550 a BTC each week. Not bad for paying $.25 a share initially.
Thanks for crunching the numbers and posting this. I think I may have breached again!
Just a thought though. Can we be absolutely sure that the Avalon refund hasn't been converted to fiat and already spent on something? I would exercise caution in trying to second guess Ken's business moves (if that's what we're doing) as we might be setting ourselves up for a possible disappointment. Or perhaps the Avalon refund isn't a factor as we should have the money anyway, to achieve kleeck's figures?
As usual, I will share what I know:
Ken,
Watching the BTC value run up this evening had me thinking about the Avalon refund Bitcoins. Is that full amount still in BTC? If not how much is still in Bitcoin?
Thanks!
Watching the BTC value run up this evening had me thinking about the Avalon refund Bitcoins. Is that full amount still in BTC? If not how much is still in Bitcoin?
Thanks!
Note: Ken doesn't smile much.
