[BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 3.

tyrion70

legendary

Activity: 934

Merit: 1000

Allright guys, as promised a little later

Had to wait for this tx to read 101 confirmations:
https://blockchain.info/tx/00078ef8003e86b1ec57a69842e4a64e54d7dea9dddfb4124f257cb3bf077172

The numbers:
Balance in wallet: 11.75743603
Still in wallet for non-confirmed shares: 1.47315877
Hosting costs: 4.12239018
Dividends: 6.16188708
Dividends per share: 0.00001840
Namecoin balance: 0.81818394 (287 sold just now for 1.53258 btc)

Only 677 shares left to confirm.

Latest sharelist can be found here:
http://pastebin.com/H4LJSHrv

Dividends have been sent in tx:
https://blockchain.info/tx/6dfbaddd40acd487d42e4e33d8de31c894307a25f0b109f3f121aa64854b4f9e

Cheers!

nucleon

newbie

Activity: 12

Merit: 0

The profit ratio is getting close to expenses are >= 50% of revenue. And the BTC price seems to be dropping like a stone. This ratio is getting eaten alive from both ends.

It's getting real marginal, real quick.

Plus the network has a boat load of Neptunes coming which is going to push revenue down.

As I have no idea where you guys are

I'm probably overseas, and I'm more than likely get hit with some import taxes bringing it into the country. I'm not that keen on spending more money than I have to. I don't think I'd even recoup the import taxes

I'm aok, to sell if you can and redistribute the sale proceeds. Even though we may still have a few weeks of profit - the time to find a buyer and ship is non-zero.

-- Craig

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: btceic on March 30, 2014, 02:19:19 PM

Tyrion, would you consider 1 or 2 "cores" for my shares?

How do u figure that? We could "chop" a machine in 4 boards, but there is only one main controller.. So I guess for ppl that already own a saturn/mercury we could offer the "upgrade" boards for 3100 shares?

If anyone is interested in this, please also send a PM so we can keep track of what ppl want.

Cheers,

btceic

sr. member

Activity: 392

Merit: 250

♫ A wave came crashing like a fist to the jaw ♫

Quote from: tyrion70 on March 30, 2014, 01:27:44 PM

Power usage usually hovers around 600W each. I'm guessing the only people still buying Jupiters are people with free or very cheap access to electricity. Normal breakers in a house here are 25amps (50 on the main line) so at 230V you could technically run 9 machines, but I wouldn't advise anyone to do that because of the warmth and noise they give Wink

One or two is definately doable

I'm seeing new Antminers selling for little under 0.9 btc currently, and hashwise 3 antminers equal one Jupiter. If you look at our orderbook, buy orders say people are willing to buy a miner for ~2btc and sell for ~4.3 btc.

Ebay doesn't offer much help either, there is exactly one jupiter with a bid on it (currently 500$) the rest starts at around 3k and hasn't got any offers. This auction in FL, USA: http://tinyurl.com/m9bd9ws, for two miners starting at $2400 doesn't even have a starting bid yet.

Anyone holding (more than) 12400 shares is free to have a miners shipped to him (excluding shipping).

Tyrion, would you consider 1 or 2 "cores" for my shares?

Edit: I wonder if I can buy just a shell from KnC?

tyrion70

legendary

Activity: 934

Merit: 1000

Power usage usually hovers around 600W each. I'm guessing the only people still buying Jupiters are people with free or very cheap access to electricity. Normal breakers in a house here are 25amps (50 on the main line) so at 230V you could technically run 9 machines, but I wouldn't advise anyone to do that because of the warmth and noise they give Wink

One or two is definately doable

I'm seeing new Antminers selling for little under 0.9 btc currently, and hashwise 3 antminers equal one Jupiter. If you look at our orderbook, buy orders say people are willing to buy a miner for ~2btc and sell for ~4.3 btc.

Ebay doesn't offer much help either, there is exactly one jupiter with a bid on it (currently 500$) the rest starts at around 3k and hasn't got any offers. This auction in FL, USA: http://tinyurl.com/m9bd9ws, for two miners starting at $2400 doesn't even have a starting bid yet.

Anyone holding (more than) 12400 shares is free to have a miners shipped to him (excluding shipping).

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

The KNC Jupiter power consumption should be around 1W per GH, so it should be around 540W per 540GH/s Jupiter miner. You could run up to 5-10 such machines at home, but you should check this for your country and your home power standards.

Kokomoka

member

Activity: 115

Merit: 10

Quote from: equipoise on March 30, 2014, 10:03:19 AM

What would be a good price for a KNC miner? For example in Bulgaria the electricity price is currently the cheapest in EU (about 1.7-3 times compared to other countries) and those would mine some more btc before they are switched off.

I live in a country with free electricity provided as a government benefit. Can someone let me know what sort of power consumption one of these units has, is it possible to run such a unit in your home?

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Thanks for the update - agreed.

leepsteer00

hero member

Activity: 574

Merit: 500

Quote from: tyrion70 on March 30, 2014, 09:12:39 AM

Hey All,

Was just preparing dividends but as it looks now we need the next Eligius payout to meet minimum of 0.0000546 btc to transfer (to the smallest users). The next payout from eligius should be in a few hours (4 blocks) but will still take approximately 14-18 hours for enough confirmations(100 needed) to use in a transaction.

In short, dividends will be delayed a little (monday morning) to allow for enough confirmations. As it stands, it seems we need to start thinking of selling the miners in a few weeks because with the btc price as it is we're getting close to the point where mining is not profitable anymore.

Cheers,

Agree with that.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

What would be a good price for a KNC miner? For example in Bulgaria the electricity price is currently the cheapest in EU (about 1.7-3 times compared to other countries) and those would mine some more btc before they are switched off.

btceic

sr. member

Activity: 392

Merit: 250

♫ A wave came crashing like a fist to the jaw ♫

Quote from: tyrion70 on March 30, 2014, 09:12:39 AM

Hey All,

Was just preparing dividends but as it looks now we need the next Eligius payout to meet minimum of 0.0000546 btc to transfer (to the smallest users). The next payout from eligius should be in a few hours (4 blocks) but will still take approximately 14-18 hours for enough confirmations(100 needed) to use in a transaction.

In short, dividends will be delayed a little (monday morning) to allow for enough confirmations. As it stands, it seems we need to start thinking of selling the miners in a few weeks because with the btc price as it is we're getting close to the point where mining is not profitable anymore.

Cheers,

Agreed and thanks for the update, for a rough calculation what do you think we can get for all of them?

tyrion70

legendary

Activity: 934

Merit: 1000

Hey All,

Was just preparing dividends but as it looks now we need the next Eligius payout to meet minimum of 0.0000546 btc to transfer (to the smallest users). The next payout from eligius should be in a few hours (4 blocks) but will still take approximately 14-18 hours for enough confirmations(100 needed) to use in a transaction.

In short, dividends will be delayed a little (monday morning) to allow for enough confirmations. As it stands, it seems we need to start thinking of selling the miners in a few weeks because with the btc price as it is we're getting close to the point where mining is not profitable anymore.

Cheers,

maqifrnswa

sr. member

Activity: 454

Merit: 252

Quote from: ?? on ??

Still accepting new people

Yes, you can still buy in to this group buy. You can buy from the following forum members, please see:
https://bitcointalksearch.org/topic/addiction-order-book-thread-418-mhsshare-328135

ADDICTION Order Book 41.8 MH/s/share

BID:
[email protected] - maqifrnswa
[email protected] Bitcoinmiami

ASK:
[email protected]
[email protected] - kirk46
[email protected] - msm595
[email protected] - Kushedout
[email protected] - btceic - https://bitcointalksearch.org/topic/m.3632557
[email protected] - Ditto - Auction
[email protected] -justanickname - Auction
[email protected] utens - https://bitcointalksearch.org/topic/addiction-shares-auction-bin-335598

leepsteer00

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

Still accepting new people

What's that regarding?

leepsteer00

hero member

Activity: 574

Merit: 500

Div received, thanks.

tuudle

newbie

Activity: 11

Merit: 0

Divs received.
Thank you, guys!

tyrion70

legendary

Activity: 934

Merit: 1000

Div time!

The numbers:
Balance in wallet: 14.70386613
Still in wallet for non-confirmed shares: 1.45309249
Hosting costs: 3.325123153
Dividends: 9.92565049
Dividends per share: 0.00002964
Namecoin balance: 0.78818394

Only 677 shares left to confirm.

Latest sharelist can be found here:
http://pastebin.com/cEf3s9Tg

Dividends have been sent in tx:
https://blockchain.info/tx/ef9fc8cfcc7aa506ab58e1a088743ec79a706024ec7040e08ee037e0ba1ee08e

Cheers!

leepsteer00

hero member

Activity: 574

Merit: 500

Quote from: TookDk on March 20, 2014, 02:24:00 AM

Some weird stuff going on yesterday at https://blockchain.info/
I was tracking an small transactions, the status went between unconfirmed and confirmed, pretty much toggled each time I hit F5.

Blockchain.info's email notification not working in my case. Not receiving any notification toward incoming bitcoins.

Edit: ~~The price in USD not working too.~~ Working now.

PeZ

sr. member

Activity: 297

Merit: 250

Quote from: PeZ on March 19, 2014, 09:15:41 PM

Received an unexpected payment today?

It was just blockchain resending the transaction information from March 9th.

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

Some weird stuff going on yesterday at https://blockchain.info/
I was tracking an small transactions, the status went between unconfirmed and confirmed, pretty much toggled each time I hit F5.

Topic: [BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 3. (Read 74824 times)