Topic: [BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 7. (Read 74891 times)
If Bitcoin crashes to $10 US tomorrow, it's OK with you because you still have the same amount of Bitcoin.
Best deal I've found so far is www.cloudhashing.com revenue re-investment option $15/GH
But to actual take advantage of it, you need to buy one of their plans, which the best price is $30/GH.
-- Craig
According to their website, it costs $1000 for 10GH/s contract. You will never get your money back. CEX is cheaper. Both are terrible investments. The reason we made money on this group buy was because of the sudden rise in Bitcoin's value.But to actual take advantage of it, you need to buy one of their plans, which the best price is $30/GH.
-- Craig
Forget this post.
Do NOT buy at CEX under any circumstances. Inform yourself about that very sneaky shitty company and it's brother Ghash.
Also, we did NOT make any money on this groupbuy. We lost BTC.
Do not take any advice from people who clearly don't understand investing at all, and try to rationalize a ~50% BTC loss by saying we made USD because BTC went up.
Getting pretty tired of this shit.
Again, as I've said before, this has got nothing to do with Tyrion and blastbob's work. They have been awesome and flawless in all regards. Their work is commendable, and a perfect contrast to ASIC makers' behaviors (and quasi-scam price schemes) or mining commoditizing "companies" like CEX (and their fully proven scam price schemes).
Please inform yourself and don't take or repeat stupid conclusions and advice.
Best deal I've found so far is www.cloudhashing.com revenue re-investment option $15/GH
But to actual take advantage of it, you need to buy one of their plans, which the best price is $30/GH.
-- Craig
According to their website, it costs $1000 for 10GH/s contract. You will never get your money back. CEX is cheaper. Both are terrible investments. The reason we made money on this group buy was because of the sudden rise in Bitcoin's value. But to actual take advantage of it, you need to buy one of their plans, which the best price is $30/GH.
-- Craig
Dividend received, thank you again.
Question: when eligius comes back online to full capacity will you consider a supplemental dividend? Or just leave it till next sunday?
Well, as it is we have trouble sending these small amounts of btc (minimum allowed output is 5460 satoshi, divs this week were 4097 satoshi / share) so we'll wait for next Sunday probably. Also we might be forced to change the dividend interval upwards to uphold this minimum. Question: when eligius comes back online to full capacity will you consider a supplemental dividend? Or just leave it till next sunday?
Div time!
We still have over 10 btc at Eligius since their payout system is having some issues (https://bitcointalksearch.org/topic/m.4602966), divs are lower than expected due to that.
The numbers:
Balance in wallet: 17.40432645
Still in wallet for non-confirmed shares: 1.2706386
Hosting costs: 2.415026834
Dividends: 13.71866102
Dividends per share: 0.00004097
Namecoin balance: 143.33809456
Only 678 shares left to confirm.
Latest sharelist can be found here:
http://pastebin.com/WDfBP7Zi
Dividends have been sent in tx:
https://blockchain.info/tx/0a63e5202f94585ed3f0c523af99fe0c559962f1fca3abfab7073964bfe34ab8
Cheers!
We still have over 10 btc at Eligius since their payout system is having some issues (https://bitcointalksearch.org/topic/m.4602966), divs are lower than expected due to that.
The numbers:
Balance in wallet: 17.40432645
Still in wallet for non-confirmed shares: 1.2706386
Hosting costs: 2.415026834
Dividends: 13.71866102
Dividends per share: 0.00004097
Namecoin balance: 143.33809456
Only 678 shares left to confirm.
Latest sharelist can be found here:
http://pastebin.com/WDfBP7Zi
Dividends have been sent in tx:
https://blockchain.info/tx/0a63e5202f94585ed3f0c523af99fe0c559962f1fca3abfab7073964bfe34ab8
Cheers!
Dividend received, thank you again.
Question: when eligius comes back online to full capacity will you consider a supplemental dividend? Or just leave it till next sunday?
Div time!
We still have over 10 btc at Eligius since their payout system is having some issues (https://bitcointalksearch.org/topic/m.4602966), divs are lower than expected due to that.
The numbers:
Balance in wallet: 17.40432645
Still in wallet for non-confirmed shares: 1.2706386
Hosting costs: 2.415026834
Dividends: 13.71866102
Dividends per share: 0.00004097
Namecoin balance: 143.33809456
Only 678 shares left to confirm.
Latest sharelist can be found here:
http://pastebin.com/WDfBP7Zi
Dividends have been sent in tx:
https://blockchain.info/tx/0a63e5202f94585ed3f0c523af99fe0c559962f1fca3abfab7073964bfe34ab8
Cheers!
We still have over 10 btc at Eligius since their payout system is having some issues (https://bitcointalksearch.org/topic/m.4602966), divs are lower than expected due to that.
The numbers:
Balance in wallet: 17.40432645
Still in wallet for non-confirmed shares: 1.2706386
Hosting costs: 2.415026834
Dividends: 13.71866102
Dividends per share: 0.00004097
Namecoin balance: 143.33809456
Only 678 shares left to confirm.
Latest sharelist can be found here:
http://pastebin.com/WDfBP7Zi
Dividends have been sent in tx:
https://blockchain.info/tx/0a63e5202f94585ed3f0c523af99fe0c559962f1fca3abfab7073964bfe34ab8
Cheers!
Best deal I've found so far is www.cloudhashing.com revenue re-investment option $15/GH
But to actual take advantage of it, you need to buy one of their plans, which the best price is $30/GH.
-- Craig
But to actual take advantage of it, you need to buy one of their plans, which the best price is $30/GH.
-- Craig
If you want to sell miners, there is a mechanism for that. Sell your shares.
I think there is no reason to liquidate unless tyrion can find a better deal than the market rate for shares.
Edit: you can sell for $12000 usd or $18/ GH/s our shares trade at 14.23 per GH/s. So selling hardware could be a good deal or shares are undervalued
I think there is no reason to liquidate unless tyrion can find a better deal than the market rate for shares.
Edit: you can sell for $12000 usd or $18/ GH/s our shares trade at 14.23 per GH/s. So selling hardware could be a good deal or shares are undervalued
Eligius has been in 'safe mode' for a few days and no stats are updating.
According to bitcoin calculators we should be closer to 28BTC this week before expenses.
I'm happy either way, we have multiple units. So it would be quite easy to sell 1-2 to test market.
For me the critical point is when revenue is 2x expenses. At that point, it becomes obvious it's time to initiate shutdown and sell remaining assets.
We're still a long way from that.
I think we won't see the rise we saw before xmas. I think the days of seeing a double of difficulty in a month are behind us. I think once Cointerra roll out is completed, the crazy difficulty increases will be a little modest. I don't even see KNC Neptune making all that much of a dint now.
Also, it's real hard to find other BTC revenue streams atm (reasonably priced).
(BTW I'm happy to be proven wrong)
-- Craig
According to bitcoin calculators we should be closer to 28BTC this week before expenses.
I'm happy either way, we have multiple units. So it would be quite easy to sell 1-2 to test market.
For me the critical point is when revenue is 2x expenses. At that point, it becomes obvious it's time to initiate shutdown and sell remaining assets.
We're still a long way from that.
I think we won't see the rise we saw before xmas. I think the days of seeing a double of difficulty in a month are behind us. I think once Cointerra roll out is completed, the crazy difficulty increases will be a little modest. I don't even see KNC Neptune making all that much of a dint now.
Also, it's real hard to find other BTC revenue streams atm (reasonably priced).
(BTW I'm happy to be proven wrong)
-- Craig
.0007.. 
I agree with the above post. Thats why I sold my shares yesterday...
What price per share did you end up with?
I agree with the above post. Thats why I sold my shares yesterday...
This weeks payout looks to be around 20 btc minus fees.
From a business perspective, I think we should seriously look into closing the group buy, sell all assets and take a last final payday.
I have loved this group buy and wish it could continue but I think our ROI on mining vs selling the miners is coming to a crossroads.
Does anybody have any recent numbers on what we could sell each miner for?
From a business perspective, I think we should seriously look into closing the group buy, sell all assets and take a last final payday.
I have loved this group buy and wish it could continue but I think our ROI on mining vs selling the miners is coming to a crossroads.
Does anybody have any recent numbers on what we could sell each miner for?
It's dividend day, looks like we might come close to 44 bitcoins this week.
-~2.4 btc for hosting
-~1.09 btc for non-confirmed shares, if any still exist...
==~41 btc left for dividend payout
~0.0001224609 dividend per share.
Close! Too bad theres 3.90284766 maturing coins remaining otherwise you'd have been spot on -~2.4 btc for hosting
-~1.09 btc for non-confirmed shares, if any still exist...
==~41 btc left for dividend payout
~0.0001224609 dividend per share.
Just received mine, thank you again sir!
It's dividend day, looks like we might come close to 44 bitcoins this week.
-~2.4 btc for hosting
-~1.09 btc for non-confirmed shares, if any still exist...
==~41 btc left for dividend payout
~0.0001224609 dividend per share.
Close! Too bad theres 3.90284766 maturing coins remaining otherwise you'd have been spot on -~2.4 btc for hosting
-~1.09 btc for non-confirmed shares, if any still exist...
==~41 btc left for dividend payout
~0.0001224609 dividend per share.
@whisper; was writing the post as you posted 
The wallet took its time to get up2date again
Div time!
There are still some coins maturing, but they won't mature in time for div payout.
The numbers:
Balance in wallet: 40.81591189 (still 2.6+ generated coins without enough confirmations to transfer)
Still in wallet for non-confirmed shares: 1.19546874
Hosting costs: 2.284263959
Dividends: 37.33617919
Dividends per share: 0.00011151
Namecoin balance: 105.63331347 (almost all sold)
Only 678 shares left to confirm.
Latest sharelist can be found here:
http://pastebin.com/yHW6WCwe
Dividends have been sent in tx:
https://blockchain.info/tx/b04b41f3f7e48e144d3ce502a9ea53fe4e940c0239094aa18763efc14f84876d
Cheers!
The wallet took its time to get up2date again Div time!
There are still some coins maturing, but they won't mature in time for div payout.
The numbers:
Balance in wallet: 40.81591189 (still 2.6+ generated coins without enough confirmations to transfer)
Still in wallet for non-confirmed shares: 1.19546874
Hosting costs: 2.284263959
Dividends: 37.33617919
Dividends per share: 0.00011151
Namecoin balance: 105.63331347 (almost all sold)
Only 678 shares left to confirm.
Latest sharelist can be found here:
http://pastebin.com/yHW6WCwe
Dividends have been sent in tx:
https://blockchain.info/tx/b04b41f3f7e48e144d3ce502a9ea53fe4e940c0239094aa18763efc14f84876d
Cheers!
It's dividend day, looks like we might come close to 44 bitcoins this week.
-~2.4 btc for hosting
-~1.09 btc for non-confirmed shares, if any still exist...
==~41 btc left for dividend payout
~0.0001224609 dividend per share.
-~2.4 btc for hosting
-~1.09 btc for non-confirmed shares, if any still exist...
==~41 btc left for dividend payout
~0.0001224609 dividend per share.
Hmm.. No payments today?
This thread has some info, and there are other threads with more: https://bitcointalksearch.org/topic/bitfunder-moving-forwardresolution-process-348468
Basically, WeExchange somehow lost around $2m worth of Bitcoins. We don't know the reasons yet, but apparently good people are working to somehow rectify the situation, and all we can do is hope.
Basically, WeExchange somehow lost around $2m worth of Bitcoins. We don't know the reasons yet, but apparently good people are working to somehow rectify the situation, and all we can do is hope.
Thanks for the quick summary, appreciate it.
Anyone been able to get their money out of WeExchange yet?
The claims website says "balance stuck".
The claims website says "balance stuck".
This thread has some info, and there are other threads with more: https://bitcointalksearch.org/topic/bitfunder-moving-forwardresolution-process-348468
Basically, WeExchange somehow lost around $2m worth of Bitcoins. We don't know the reasons yet, but apparently good people are working to somehow rectify the situation, and all we can do is hope.
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