Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 154. (Read 3917058 times)
October 23, 2014, 07:04:20 PM
im still kinda confused on the fees, each day each GH maint fee is what....
October 23, 2014, 06:08:03 PM
As anyone who has mined knows, calculators are absolutely terrible at predicting ROI.
Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators.
Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators.
That best kept secret in mining. The second best secret is just how well you do when you sell your old equipment on the secondary market when you are done with it.
Buy a unit for $500-$600, mine a coin out of it, and then sell it for $300. Happens every single day.
so true.
October 23, 2014, 05:29:29 PM
The difficulty is a big unknown, but so is the btc price.
Everyone here seems to assume that the btc price will stay constant as of now.
Everyone here seems to assume that the btc price will stay constant as of now.
October 23, 2014, 05:26:13 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know.
Is it astrology?
Dude, it's basic math. Run it through one of the bitcoin mining calculators if you want to check for yourself.
As anyone who has mined knows, calculators are absolutely terrible at predicting ROI.
Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators.
Assuming you are using a calculator that isn't just wrong in the math it does, the only uncertainty that comes in is from the "difficulty increment" parameter, which is a statement about the future and obviously cannot be predicted accurately. However, you can control it in the calculator and try different values. That's why I said they will only ROI with difficulty increments less than about 5%. If you don't understand that...
I don't disagree that difficulty must remain low for these (and any other miner) to ROI but you cannot calculate ROI with a calculator.
For example if the next 3 difficulty changes were each 0% and the 4th was 20% that would equal 5% average yet yeild much more than if it had been 20% for the first change and 0% for the next 3.
October 23, 2014, 05:24:45 PM
As anyone who has mined knows, calculators are absolutely terrible at predicting ROI.
Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators.
Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators.
That best kept secret in mining. The second best secret is just how well you do when you sell your old equipment on the secondary market when you are done with it.
Buy a unit for $500-$600, mine a coin out of it, and then sell it for $300. Happens every single day.
October 23, 2014, 05:08:00 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know.
Is it astrology?
Dude, it's basic math. Run it through one of the bitcoin mining calculators if you want to check for yourself.
As anyone who has mined knows, calculators are absolutely terrible at predicting ROI.
Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators.
Assuming you are using a calculator that isn't just wrong in the math it does, the only uncertainty that comes in is from the "difficulty increment" parameter, which is a statement about the future and obviously cannot be predicted accurately. However, you can control it in the calculator and try different values. That's why I said they will only ROI with difficulty increments less than about 5%. If you don't understand that...
October 23, 2014, 05:01:01 PM
Hmm AM hash 1
Well this is amusing not sure if its just AM in name lol or just it runs Asic gear
https://www.havelockinvestments.com/fund.php?symbol=AMHash1
Well this is amusing not sure if its just AM in name lol or just it runs Asic gear
https://www.havelockinvestments.com/fund.php?symbol=AMHash1
See the quote below from earlier today:
https://www.havelockinvestments.com/fund.php?symbol=AMHash1
The mining operation is co-sponsored by ASICMINER and ROCKMINER and listed on Havelock Investments
The mining operation is co-sponsored by ASICMINER and ROCKMINER and listed on Havelock Investments
October 23, 2014, 04:41:50 PM
Hmm AM hash 1
Well this is amusing not sure if its just AM in name lol or just it runs Asic gear
https://www.havelockinvestments.com/fund.php?symbol=AMHash1
Well this is amusing not sure if its just AM in name lol or just it runs Asic gear
https://www.havelockinvestments.com/fund.php?symbol=AMHash1
October 23, 2014, 04:31:54 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know.
Is it astrology?
Dude, it's basic math. Run it through one of the bitcoin mining calculators if you want to check for yourself.
As anyone who has mined knows, calculators are absolutely terrible at predicting ROI.
Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators.
October 23, 2014, 04:30:23 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know.
Is it astrology?
Dude, it's basic math. Run it through one of the bitcoin mining calculators if you want to check for yourself.
As anyone who has mined knows, calculators are absolutely terrible at predicting ROI.
Historically the best priced hardware has always been able to ROI regardless of how many people "proved" it couldn't using calculators.
October 23, 2014, 04:27:55 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
Start at 5%, and on that a 3% decrease every next increment. BTC always at 360, power and electricity set to $1.63 per day. Break even is August 2015:http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=35985640265&dcosts=450&diff_mincrease=5&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=3&btcusd=360&dpowcon=850&btcusd_mincrease=0&pcost=0.08&calcweeks=40&dleadtime=1&action=calc
If BTC goes to the moon... yes, we get a completely different story.
October 23, 2014, 04:24:07 PM
This assumes btc prices stay at current levels.
If btc goes to the moon, we get a completely different story.
And if btc does not go to the moon, maybe the difficulty increments will stay low. Maybe.
If btc goes to the moon, we get a completely different story.
And if btc does not go to the moon, maybe the difficulty increments will stay low. Maybe.
October 23, 2014, 04:21:22 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know.
Is it astrology?
Dude, it's basic math. Run it through one of the bitcoin mining calculators if you want to check for yourself.
Enter:
diff inc: 5%
elec price: 0
pool fee: 0
hashrate: 1000
price: 450 (360*1.25)
power: 0
maintain cost: 49 (1.633*30)
October 23, 2014, 04:17:20 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know.
Is it astrology?
Dude, it's basic math. Run it through one of the bitcoin mining calculators if you want to check for yourself.
October 23, 2014, 04:14:16 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
I'd love to know where you keep getting info that nobody could possibly know.
Is it astrology?
October 23, 2014, 04:03:38 PM
So the AMHash shares will only ever make a profit if difficulty increments stay below ~5%. And, even if they do, the profit will be minimal compared to the cost and only achieved after 6+ months.
October 23, 2014, 03:57:21 PM
Ah yes, you're right. Thanks guys!
October 23, 2014, 03:49:27 PM
I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?
First looks like 10 times lower than competition, second doesn't make sense at all.
Or 1.633$/day/GH?
First looks like 10 times lower than competition, second doesn't make sense at all.
Yup, it's 1.633$/day/GH.
It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US.
Actually it's 1.633$/day/1TH. I needed to do some math
From table:1.25BTC price (0.00125 * 1000 GH), 588$/360 days maintenance fee = 1.633$/day/1000GH
October 23, 2014, 03:48:35 PM
I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?
First looks like 10 times lower than competition, second doesn't make sense at all.
Or 1.633$/day/GH?
First looks like 10 times lower than competition, second doesn't make sense at all.
Yup, it's 1.633$/day/GH.
It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US.
No it's $1.63/TH/s daily. (website is a bit misleading)
The Havelock overview clarifies it:
Quote
The fee is 1.89*10^(-8) USD per unit per second.
Which equals $0.001633/day/GH/s
October 23, 2014, 03:47:40 PM
I'm reading this and I don"t understand it at all. It's 1633$/day/5PH maintenance fee?
Or 1.633$/day/GH?
First looks like 10 times lower than competition, second doesn't make sense at all.
Or 1.633$/day/GH?
First looks like 10 times lower than competition, second doesn't make sense at all.
Yup, it's 1.633$/day/GH.
It's admittedly a bit confusing, but here dots are used as a decimal mark, like in the US.
It has to be $1,633.00 total cost per day, $1.633 per day per GH means that the maintenance fee is $1.6 per day while the cost of a GH is .00125 BTC = $0.45
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