Topic: [BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 24. (Read 74835 times)

Is anyone else having difficulty logging into BitFunder?  After putting in my correct credentials and 2factor the page just reloads back to the main home screen without showing me logged in.  Wondered if anyone else was seeing that.

x 11 ?! We already agreed that at 35% it's 10.4 days, so your list is way too positive. (Yes, just 0.6 days makes a BIG difference   )

Checking interest on selling my 3409 direct shares.

Please PM with offers so that we don't clutter up this thread.

Here is the computation 35% Difficulty increase
@ 14,000,000 MHash/s 

Date Est         Difficulty         Daily BTC     x11 days BTC          Accum BTC
26 Oct 2013   390,928,788   18.01016309   198.11179403          198.11179403
06 Nov 2013   527,753,864   13.34086155   146.74947706          344.86127110
17 Nov 2013   712,467,716   9.88211967   108.70331634         453.56458744
28 Nov 2013   961,831,417   7.32008864   80.52097507      534.08556251
09 Dec 2013   1,298,472,413   5.42228788   59.64516672      593.73072923
20 Dec 2013   1,752,937,757   4.01650954   44.18160498      637.91233420
31 Dec 2013   2,366,465,972   2.97519225   32.72711480      670.63944900
11 Jan 2014   3,194,729,062   2.20384611   24.24230726      694.88175626
22 Jan 2014   4,312,884,234   1.63247860   17.95726463      712.83902089

Source http://btc.re/miningcalc

Oo ofcourse! The new difficulty is:
14 / (time needed for 2016 blocks) * old difficulty

Thats actually good then for Ben's calculations

Actually it is 14 days / (1 + pct_increase) , not 14 * ( 1 - pct_increase).

• 14 / (1+0.35) = 10.37 days
• 14 * (1-0.35) = 9.1 days

You could use 14 * (1-pct_increase) if pct_increase is lower than 5% or so.

Every day of mining income now equals 10 days of mining income in 3 months, so this is quite important.

I agree, I had 9 in my spreadsheet, changed it too 10 (no idea why). Corrected it, now it's even worse:
All the above are commulative till the end of the month mentioned.

Ben,

You are right its not weekly. Actually the difficulty change is calculated by the number of days in between the 2016 blocks. Reason (for me) to use weeks is simply because dividends are weekly.. Also, using weeks gives a bit of a margin for error.

As for the 35%, technically with 35% there's only 9 days between difficulty changes (65% * 14)

I personally always figured that the difficulty % should go down eventually simply because you need to add exponentially more hardware to achieve the same difficulty rise. However the graphs just show that that is what's happening at the moment. With next generation hardware we'll see the same thing happening again I guess. Like you say, no one can look into the future

I just ran my calculations based on the current 14TH/s.

Cumulative number of BTC acquired at the end of each month:

Based on 35% decline of income every 10 days, and another 1% daily.
Of course no one can look into the future, so the constant 35% decline is unlikely.

Come on guys, we all know the diff change is not weekly.

In a perfect world its every 14 days (2106/24/6), I calculate with 10 day periods and besides the big 35% change lower my income daily with another 1% to get somewhat realistic figures.

Think we are both trying to say the same

What i meant is income will lower with difficulty, so say that diff goes up by 30% each week from now on and we currently mine 100:
Week 0: 100
Week 1: 70
Week 2: 49
Week 3: 34,3
Week 4: 24
Week 5: 16,8
Week 6: 11.76
Week 7: 8,23

Thats with a constant increase of difficulty of 30%/week

In your example the difficulty change is different each week:
Week 2: 80 (-20%)
Week 3: 60 (-25%)
Week 4: 40 (-33%)
Week 5: 20 (-50%)

Not saying thats incorrect, but its something to consider.. The truth will tell eventually
Edit: looks like tomorrow we'll have another 40% diff change on our hands.. Let's hope it doesn't keep doing that!

The above scenario will only happened IF, as what you mentioned, the difficulty keep on rising

Unless we are up to the point when the difficulty/computation speed is at stagnate, then we are probably good to go to keep it running, but i doubt that would happen

Hey all,

It's 27 miners, not 28

Liquidating the miners is an option we mentioned in the original agreement as well:

However if you look at hasher87's prediction he's basically saying that btc difficulty will rise even more than it's already doing. Mining income should lower evenly with the difficulty with a percentage, not with a fixed amount. Also hosting costs will lower(in btc) if btc price continues to go up.

But eventually we'll have to sell of the remaining miners. When that'll be is to early to say..

Not yet since nothing of the sorts has been announced. I think its safe to say that KnC was the best bet in June in terms of ROI. If a (in our eyes) good opportunity offers itself we'll definitely try another groupbuy.

Oh, that is interesting.

15 BTC * 28 = 420 / 334800 = 0.00125 per share.
20 BTC * 28 = 560 / 334800 = 0.00167 per share.

But then people might object since some are waiting for full ROI, and once the miners are sold, that's it.

Knc are selling  5k usd jupiter for november shipping,  thats about 25 btc.

If they liquidate at the end of november why cant they sell at 15 btc each? 28 miners in total

Who is going to buy a "useless" miner? Unless they buy it to mine for a SHA256 based alt-coin.

the only good thing that ever happened is this 

Also what about the liquidation? I think at some point ( not that distant in future)  selling all the hardware will be much better than mining ( also will eliminate the hosting cost)  and have to potential to be in terms of about 0.001 btc per share

So, according to your estimate, the total until the end of the year is 0.00092524 per share. I'm supposed to get a little bit under a bitcoin with my share count. Not bad, but not ROI in terms of BTC. Just ROI in terms of fiat equivalent (due to BTC value rising.)

If I had held onto the coins .... if if if. Oh well. At least it's something.

right now, we got 142.17492165btc mined for this week, compared to last week's 182.3538877.

lets say each week, the total dividend is reduced to 30-40btc in a week, with difficulty approaching 505,047,727, probably more

assuming that the hosting fee is 10btc each week, and worst case scenario next week's total mined is 110btc due to rising difficulty, so the dividend would be 100btc

consequential week:

10th Nov = 100btc/334800 =  0.000298 per share

17th Nov = 80btc/334800 =  0.000238949 per share

24th Nov = 60btc/334800 =  0.000179211 per share

1st Dec = 40btc/334800 =  0.000119474 per share

8th Dec = 20btc/334800 =  0.000059737157 per share

15th Dec = 10btc/334800 =  0.000029868578 per share

depending on when you bought your shares, i bought all of mine when the price was 0.006 (BAD TIMING) so the ROI would be on the 15th Dec

but if you were to buy it now at the price of 0.002, your ROI would be very unlikely because you've missed out the first 3-4 dividends. I even thought of buying it again with my 0.5btc, but then i realised there's now way i'll get that money back, so might as well holding it

I sold all of my previous shares due to my own prediction that i've made which is close enough to above but i didn't post it here, well at least i got to purchase my stuff (PS4 + R9 280x)

PS:this is just my prediction btw, do not take this seriously