We ran short of M-boards due to the factory shortage of parts I mentioned. I had hoped they would pick up the slack in production, but the break in production was felt last week when the shipment finally arrived from AK customs with no M-boards. According to tracking, we only expect 12 tomorrow. Every starter kit we send out takes 16 slots from the mine. We have 54 starters left to ship.
A cost analysis shows that we would lose over 20TH if we ship out of the mine - taking over 800 cards out of the picture, which does not work well from a financial perspective.
The solution is to dedicate four rigs to a separate mining account and then send each customer their share of the coin once we ship. Of course the customer will not pay a hosting fee or their share of power. I have already repointed the hashpower to this dedicated account:
https://www.btcguild.com/api.php?api_key=23fcc6a0f8292fe394b1706da8c0d304.
As soon as we ship these units, we will distribute the coin accordingly. Thanks for your patience on this - please look for an email requesting your payment address before you send it to us.
Best,
Dave
So, let me get this correct, your using the M-Boards that were allocated to our orders to maintain your mine (I am an share holder) and you have allocated 4 rigs at BTC Guild at the PPS rate (as per the API) with a 7.5% fee((1 / Network Difficulty * 25) - Pool Fee (7.5%)
https://www.btcguild.com//index.php?page=support§ion=howamipaid one of the highest pool fees out there).
Seems to me that your failing to walk your talk to ship out August orders before populating your mine. Let us not forget the rigs going to LabRatMining (which I am a shareholder also) which were purchased after most August orders were placed.
A cost analysis shows that we would lose over 20TH if we ship out of the mine - taking over 800 cards out of the picture, which does not work well from a financial perspective.
This could be considered a grave financial impropriety.
Please enlighten me as to how that is adventurous to us, seems like we are funding the operation of
your mine with
our equipment and getting paid way less than our own individual strategies. What advantage is that to us, are you sending extra h boards to compensate? Because the BTC payment based on your decisions seem inappropriate and you are profiting way more by holding our equipment while the production errors are catching up. Even now, we will not be able to achieve any ROI
http://mining.thegenesisblock.com/a/9373700bafwhich does not work well from a financial perspective
You apparently have the equipment as per your analysis. I know I paid the full overnight shipping fee for an August starter kit. If your taking 800 cards out of the picture by shipping out our paid for equipment, we are getting Avaloned and your decision to do this without asking those of us waiting for orders is a poor choice.
You were doing so good, what happened to you.