Topic: all finished (Read 26442 times)

No update This has been my worst ever BTC investment.

We should just sell the miners

Any News on KNC titans ?

Maybe we should be investing in a solar farm, to pay for our electricty costs. that way we can run miners until they fall to pieces and not have to worry about electricity costs.
Significant capital outlay of course but...we could hire out the facility for miner hosting.

Wow, we had to consider the possibility that things might not be rosy, but I wasn't expecting things to be this bad with the units.   Thanks for your efforts so far on my / our behalf anyway Waldo.

If the intention is to hope for a BTC price hike, then putting them online hashing at a lower rate now is an option.
Not sure what the electricity costs would be.
I'll make some suggestions that may or may not be popular.
Maybe if we all donated a small sum to buy a unit(s) that currently work to generate enough revenue to pay for the electricity, No idea how practical that is in terms of costs etc.
Or simply donate a small percentage of our payout to pay for the electricity to get them hashing I accept this might not be popular, I'm just trying to think outside the box.

I have 12 x 1MH Titans,   if it meant getting these these hashing even at a lower rate, what If I / We volunteered one of those units and if everyone else considered doing the same to generate enough revenue to pay for the electricity costs to get them online does something like this work as a solution and what would the figures be.

The idea being that if there is to be a jump in BTC price, we would have accrued some by then and make back our losses.
If we sit and wait for the BTC price we have to start mining then, plus we will be competing with a lot more miners scrambling to get on board.
If we try to get hashing now, we may accrue a significant amount of coins to really benefit from a price increase.
If the Titans are not as expected, what effect will this have on BTC and how can we profit from it.
One 'benefit' might be that a lot of people might jump ship meaning the difficulty may not rise as much as anticipated.
If we can get hashing now, we may be able to mine longer and benefit more from a future BTC price increase,

 

Is waldo pulling a Soniq on us tooooooo

+1 

hey guys maybe you are interested in my offer https://bitcointalksearch.org/topic/free-hosting-utilize-your-old-miner-with-profit-783676
let me know

+1
whats up Waldo???

What the word Waldo? what's happening with the miners? Your website is not giving any updates and you don't seem to be replying to on this thread (although you are active elsewhere!!)

+1 

+1

no updates on the websites or here

whats the word chicken bird

Hi,
any update after a week?

What are you doing with the CoinTerra machines?

Why dont you just sell the cointerras? Like on ebay or something, then payout the profits to shareholders?

Miner 1 appears to be dead?

great waldo , really good management and noticeable communication ... ty

One of the limiting factors in profitability and keeping miners running is energy costs, when miners are switched off because they can't earn more in coins than they cost in power then they must (presumably) be switched off.
Wouldn't it be possible to factor in a monthly buy in of some alternative energy system.
Solar Cells, Used Veg oil running in Diesel generators etc.
I imagine it might mean investors take a 5% cut to pay for it, but if it means the rigs stay mining for longer they will get their money back because the rigs will remain on for longer.
So gradually on a monthly basis bring in more and more Off Grid power, within two - 5 yrs yrs, you might be off Grid altogether.
Imagine if one day, you had zero energy costs, (aside from maintenance)

Yes, hopefully!
I've been very disappointed with this whole cointerra investment

Meanwhile I've bought some small shares on your site in the new litecoin ASICS