[BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 5.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: utens on February 20, 2014, 03:50:06 AM

Quote from: equipoise on February 19, 2014, 05:29:15 PM

Quote from: utens on February 19, 2014, 12:43:09 PM

Also as a way to get a higher % back , are we considering if there is another coin rather than namecoin to merge mine? even something to speculate, like some starting altcoin.

Please read what a merge mining is and you'll understand why you can't merge mine "something to speculate, like some starting altcoin" in addition to name coins and bitcoins.

For example Huntercoin is merge minable , but it doesn't seem to be profitable

You may be right and maybe I'm the one who should do the reading.

utens

full member

Activity: 163

Merit: 100

Quote from: equipoise on February 19, 2014, 05:29:15 PM

Quote from: utens on February 19, 2014, 12:43:09 PM

Also as a way to get a higher % back , are we considering if there is another coin rather than namecoin to merge mine? even something to speculate, like some starting altcoin.

Please read what a merge mining is and you'll understand why you can't merge mine "something to speculate, like some starting altcoin" in addition to name coins and bitcoins.

For example Huntercoin is merge minable , but it doesn't seem to be profitable

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: utens on February 19, 2014, 12:43:09 PM

Also as a way to get a higher % back , are we considering if there is another coin rather than namecoin to merge mine? even something to speculate, like some starting altcoin.

Please read what a merge mining is and you'll understand why you can't merge mine "something to speculate, like some starting altcoin" in addition to name coins and bitcoins.

utens

full member

Activity: 163

Merit: 100

Also as a way to get a higher % back , are we considering if there is another coin rather than namecoin to merge mine? even something to speculate, like some starting altcoin.

tyrion70

legendary

Activity: 934

Merit: 1000

First of all what Maqifrnswa says

Also, if you look at the current ask prices for shares you see a whole miner is currently "valued" at 5.332BTC (0.00053*12400). Going rate for October miners on ebay is around 3000$ which is the same. For most people selling the shares at that price would still make a loss considering the original btc purchase price, so we're not planning on selling any of the miners at this point.

However the option as described above is plausible, if someone holds enough shares for one whole miner we don't object to shipping that miner if requested (at own risk for shipping damage, taxes and shipping costs). Especially the risk of shipping damage is one we're not willing to take at this point.

We will have to sell them eventually as soon as costs are getting higher than profit, but that will still take some while.

maqifrnswa

sr. member

Activity: 454

Merit: 252

Quote from: AvenG on February 19, 2014, 07:52:14 AM

I would like to know if you're considering selling the Jupiters and then splitting the revenue to the shareholders? I remember have read once that this could be possible if a reasonable percentage of the shareholders decide to do so by submitting his vote.
Considering the actual XBT price, cost per GH/s and predicted increase of difficulty.. The time to act is now !!
anyone else?

There is a mechanism to buy and sell addiction miners:
https://bitcointalksearch.org/topic/addiction-order-book-thread-418-mhsshare-328135

Buy up enough shares to "own" a miner and then sell it. The interesting thing is that it is already hashing and is in a datacenter, so it should demand a higher price than having it shipped somewhere. If you insist on shipping it to you (or someone else), maybe you can work out a deal with tyrion70.

I love this group buy because it is so transparent, and it is set up as a market. The market allows everyone to collectively decide what should be done.

AvenG

full member

Activity: 133

Merit: 101

Res Et Non Verbum

I would like to know if you're considering selling the Jupiters and then splitting the revenue to the shareholders? I remember have read once that this could be possible if a reasonable percentage of the shareholders decide to do so by submitting his vote.
Considering the actual XBT price, cost per GH/s and predicted increase of difficulty.. The time to act is now !!
anyone else?

KSV

sr. member

Activity: 398

Merit: 250

SVERIGES VIRTUELLA VALUTAVÄXLING

received, brilliant as usual

tyrion70

legendary

Activity: 934

Merit: 1000

Div time!

The numbers:
Balance in wallet: 18.75698384
Still in wallet for non-confirmed shares: 1.4432574
Hosting costs: 3.11447944
Dividends: 14.19924700
Dividends per share: 0.00004241
Namecoin balance: 151.22506916

Only 678 shares left to confirm.

Latest sharelist can be found here:
http://pastebin.com/r0diL2M9

Dividends have been sent in tx:
https://blockchain.info/tx/ac375ebed5d83b0d11a8aa67ccfe871de10946fd8c5ecd07a23e3033bd6e0fdc

Cheers!

btceic

sr. member

Activity: 392

Merit: 250

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

I am offering to sell my 3409 shares @ .00057, it comes out to about 11% dividends after hosting fees and the remaining shares held.

Quote from: tyrion70 on February 10, 2014, 04:58:44 PM

Quote from: eightcylinders on February 10, 2014, 04:39:11 PM

Quote from: tyrion70 on February 10, 2014, 06:32:49 AM

At current shareprice of 0.00057 (thanks to [email protected] - eightcylinders) we're talking about 0.35$ per share

Cheers

I don't know if it makes sense, but maybe you could email the shareholders who are under 100 shares and see if they want to sell to me at the .00057 price I offered for the smaller holders. I am reluctant to send PMs myself since i am pretty new here, but coming from one of you it might help clean up a bunch of the smaller shares. Ideally, if you act as escrow; I could make one payment to you and then you distribute it out pro rata to the shareholders who agree to cash out. You might offer to include the distribution that you withheld from the last time (for the 1 share holders I think are the only ones who did not get?). Let me know if you want me to do anything else to push this. I think it benefits everyone to clean it up now that difficulty is so high.

Thanks for the offer, I just sent a PM to all shareholders with less than 50 shares (because 50 was an original GB2/3 share). Lets see how many people want to make use of this offer..

Cheers,

btceic

sr. member

Activity: 392

Merit: 250

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

Quote from: tyrion70 on February 10, 2014, 05:08:22 PM

Quote from: btceic on February 10, 2014, 04:59:22 PM

@tyrion70,
Are you keeping that list of dividends up to date?

PM Sent

Received, thank you sir.

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: btceic on February 10, 2014, 04:59:22 PM

@tyrion70,
Are you keeping that list of dividends up to date?

PM Sent

btceic

sr. member

Activity: 392

Merit: 250

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

@tyrion70,
Are you keeping that list of dividends up to date?

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: eightcylinders on February 10, 2014, 04:39:11 PM

Quote from: tyrion70 on February 10, 2014, 06:32:49 AM

At current shareprice of 0.00057 (thanks to [email protected] - eightcylinders) we're talking about 0.35$ per share

Cheers

I don't know if it makes sense, but maybe you could email the shareholders who are under 100 shares and see if they want to sell to me at the .00057 price I offered for the smaller holders. I am reluctant to send PMs myself since i am pretty new here, but coming from one of you it might help clean up a bunch of the smaller shares. Ideally, if you act as escrow; I could make one payment to you and then you distribute it out pro rata to the shareholders who agree to cash out. You might offer to include the distribution that you withheld from the last time (for the 1 share holders I think are the only ones who did not get?). Let me know if you want me to do anything else to push this. I think it benefits everyone to clean it up now that difficulty is so high.

Thanks for the offer, I just sent a PM to all shareholders with less than 50 shares (because 50 was an original GB2/3 share). Lets see how many people want to make use of this offer..

Cheers,

eightcylinders

sr. member

Activity: 434

Merit: 254

Quote from: tyrion70 on February 10, 2014, 06:32:49 AM

At current shareprice of 0.00057 (thanks to [email protected] - eightcylinders) we're talking about 0.35$ per share

Cheers

I don't know if it makes sense, but maybe you could email the shareholders who are under 100 shares and see if they want to sell to me at the .00057 price I offered for the smaller holders. I am reluctant to send PMs myself since i am pretty new here, but coming from one of you it might help clean up a bunch of the smaller shares. Ideally, if you act as escrow; I could make one payment to you and then you distribute it out pro rata to the shareholders who agree to cash out. You might offer to include the distribution that you withheld from the last time (for the 1 share holders I think are the only ones who did not get?). Let me know if you want me to do anything else to push this. I think it benefits everyone to clean it up now that difficulty is so high.

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: vayvanne on February 09, 2014, 06:33:46 PM

Sorry if I missed something but is the issue with eligius resolved?

Yes, all is well on that end.

Quote from: maqifrnswa on February 09, 2014, 05:51:29 PM

Quote from: tyrion70 on February 09, 2014, 01:48:37 PM

There are currently 4 shareholders with 1 share. From next week we will not be paying dividends to those shares anymore. If you want to receive dividends please ensure you have enough shares to have dividends over 0.0000546BTC.

don't know if this is worth your time, but since this will become an increasing problem over time maybe it is worth some thought. Maybe you can have a bundled auction of accounts that have low dividends. That would just be one auction for you to handle, you can charge a fee for your time if necessary, and the proceeds can go to payoff the smaller accounts. This way those accounts get closed out fairly rather than having dividends disappear and it gives an opportunity for others to increase their holdings.

For example, the total number of shares held in all accounts with <145 shares is 3204 (~1% of the total share count). There are 57 out of 209 accounts with < 145 shares (27%). Bundling up and buying out those accounts will stave off worrying about dust and simplify management of the group buy. One one hand, only 1% of the total number of shares are effected. On the other hand, more than one quarter of shareholders would be bought out.

I think selling 134 GH/s of currently hashing, no pre-order, no hosting setup, would be an attractive offering.

We'll look into it, but we're reluctant to do anything with other peoples shares. We'll try to contact the owners regarding this issue. Since its a relatively small amount we can propose a buyout of some kind. On the other hand it's easy enough for people to acquire new shares or sell theirs (thanks to the topic you started Wink

). At current shareprice of 0.00057 (thanks to [email protected] - eightcylinders) we're talking about 0.35$ per share

Cheers

vayvanne

full member

Activity: 217

Merit: 101

Sorry if I missed something but is the issue with eligius resolved?

maqifrnswa

sr. member

Activity: 454

Merit: 252

Quote from: tyrion70 on February 09, 2014, 01:48:37 PM

There are currently 4 shareholders with 1 share. From next week we will not be paying dividends to those shares anymore. If you want to receive dividends please ensure you have enough shares to have dividends over 0.0000546BTC.

don't know if this is worth your time, but since this will become an increasing problem over time maybe it is worth some thought. Maybe you can have a bundled auction of accounts that have low dividends. That would just be one auction for you to handle, you can charge a fee for your time if necessary, and the proceeds can go to payoff the smaller accounts. This way those accounts get closed out fairly rather than having dividends disappear and it gives an opportunity for others to increase their holdings.

For example, the total number of shares held in all accounts with <145 shares is 3204 (~1% of the total share count). There are 57 out of 209 accounts with < 145 shares (27%). Bundling up and buying out those accounts will stave off worrying about dust and simplify management of the group buy. One one hand, only 1% of the total number of shares are affected. On the other hand, more than one quarter of shareholders would be bought out.

I think selling 134 GH/s of currently hashing, no pre-order, no hosting setup, would be an attractive offering.

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: albon on February 09, 2014, 02:23:38 PM

At some point you are going to have to cut those non confirmed shares free.
They have been hanging around a bit now.

True, but we're reluctant to spend other people's btc.. If it were you, what would you say if you found out your btc was gone?

Quote from: tyrion70 on February 09, 2014, 02:04:16 PM

Quote from: PeZ on February 09, 2014, 02:00:05 PM

Looks like there was a double spend. Shocked

https://blockchain.info/tx/13f8a84654acff8483f84074054ff8bf357bf3ceae08201f7342b289f5766f35

Yeah I see it.. weird.. Was sent just like any other from bitcoind.. the other tx has 0 confirmations. Don't see the 13f8a84654acff8483f84074054ff8bf357bf3ceae08201f7342b289f5766f35 tx anywhere in the logfiles.. If anyone has any bright ideas as to how it got there..

Cheers,

It seems that the relay used there is broke. It relayed more transactions with different tx id's that are noted as double spend.
https://blockchain.info/ip-address/133.242.180.170

I think that client is broken or doing something it shouldn't. As far as I can see it doesn't affect the div payment. We are however still looking into it just to make sure..

EDIT: Apparently those clients are trying to "help" MtGox:

http://www.reddit.com/r/Bitcoin/comments/1x93tf/some_irc_chatter_about_what_is_going_on_at_mtgox/cf99yac

Quote

There is a design flaw in the Bitcoin protocol where its possible for a third party to take a valid transaction of yours and mutate it in a way which leaves it valid and functionally identical but with a different transaction ID. This greatly complicates writing correct wallet software, and it can be used abusively to invalidate long chains of unconfirmed transactions that depend on the non-mutant transaction (since transactions refer to each other by txid).

Quote

My current understanding and inference is that the remaining issues are because while MtGox was producing transactions of the bad form that the network won't relay anymore— some people decided to help out by 'fixing' these transactions like BC.i did for iphone users— making the signatures normal and broadcasting them. Of course, the new transactions— while functionally identical— have different TXIDs.
The difference here is that the MtGox wallet software appears to have not handled this case gracefully at all, and apparently simply wouldn't notice transactions that it "didn't make" spending its own coins.

TL;DR Some people are trying to (purposely) change txid's of transactions in the hope that their modified tx makes it in the block. Custom clients (like Gox) then think the tx didn't go through and send the btc again. No harm was done to our transaction. Even better; the "wrong tx" just got "failed status" so the double spend warning is gone as well:
https://blockchain.info/tx/54585341ef96a683d43e1547db782401c97d7b17fa75938a7ae8fe0cc4600609

Cheers

albon

legendary

Activity: 1890

Merit: 1537

At some point you are going to have to cut those non confirmed shares free.
They have been hanging around a bit now.

Topic: [BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 5. (Read 74824 times)