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Topic: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here. - page 17. (Read 25175 times)

sr. member
Activity: 336
Merit: 250
Just wanted to stop in and tell you guys I havent forgotten- but I am off to china to meet with BA. I have some possible solutions in the works, I will have more info when I get back (not sure how much access I will have in China.. first time for me!)
thank you and thanks for directing the Jupiter/Saturn  at it to help keep hash close to 3.3 th
+1 Thanks Bobsag3
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Just wanted to stop in and tell you guys I havent forgotten- but I am off to china to meet with BA. I have some possible solutions in the works, I will have more info when I get back (not sure how much access I will have in China.. first time for me!)
thank you and thanks for directing the Jupiter/Saturn  at it to help keep hash close to 3.3 th
hero member
Activity: 546
Merit: 500
Owner, Minersource.net
Just wanted to stop in and tell you guys I havent forgotten- but I am off to china to meet with BA. I have some possible solutions in the works, I will have more info when I get back (not sure how much access I will have in China.. first time for me!)
sr. member
Activity: 448
Merit: 250
Suggestion: I'll make a google documents poll in a few hours. If everybody enters his forum name, # shares and preference we'll have an easy overview of how many shares are for or against selling.

I'll add DZminercoop staff to the document so that they can see that I'm not altering the document, and the results and individual votes will be posted in a few days.


If this ok with everybody and DZMinercoop staff, we can easily and quickly decide what to do.

Bobsag3, Thomas_s, Dyslexiczombei, please post or pm your gmail address so I can add you to the document.

This is ridiculous. People who bought into the operation bought into it as a mining venture and understood it as such. If someone doesn't want to be associated with it anymore, that's their prerogative and they are welcome to sell their shares but others' hands shouldn't be forced just because of changed minds. Look at the payouts so far - given a fair bit of patience, we will ROI in BTC within a reasonable amount of time even with the complications; and not all avenues have been exhausted to remedy the complications. This boils down to people in BTC-land being generally impatient and expecting immediate (or very short-term) returns.

The ONLY way I would be willing to get out is if DZ did a conversion / swap for an immediately-available, higher-hashing run (and let's be honest, probably not going to happen).

This is a co-op.  We are all subject to the will of the vote.  You may not like the vote result but you can't argue not to even have the vote.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
sr. member
Activity: 246
Merit: 250
My spoon is too big!
testerx nobody was whining.  I thought this thread was actually a pretty good discussion.  Let's not start calling names.  I have also offered my 10 shares for sale either as part of the whole or at the offer price to an individual.
I'm no name calling anybody but people were complaining that others don't have the same viewpoints as them regarding selling when we should all be free to make our own decisions.  The thing is that people can already sell their shares so I don't know why you would want to compel others to sell their shares as well.

Agree with this. Thanks for making the point.
sr. member
Activity: 246
Merit: 250
My spoon is too big!
Suggestion: I'll make a google documents poll in a few hours. If everybody enters his forum name, # shares and preference we'll have an easy overview of how many shares are for or against selling.

I'll add DZminercoop staff to the document so that they can see that I'm not altering the document, and the results and individual votes will be posted in a few days.


If this ok with everybody and DZMinercoop staff, we can easily and quickly decide what to do.

Bobsag3, Thomas_s, Dyslexiczombei, please post or pm your gmail address so I can add you to the document.

This is ridiculous. People who bought into the operation bought into it as a mining venture and understood it as such. If someone doesn't want to be associated with it anymore, that's their prerogative and they are welcome to sell their shares but others' hands shouldn't be forced just because of changed minds. Look at the payouts so far - given a fair bit of patience, we will ROI in BTC within a reasonable amount of time even with the complications; and not all avenues have been exhausted to remedy the complications. This boils down to people in BTC-land being generally impatient and expecting immediate (or very short-term) returns.

The ONLY way I would be willing to get out is if DZ did a conversion / swap for an immediately-available, higher-hashing run (and let's be honest, probably not going to happen).
sr. member
Activity: 448
Merit: 250
Agreed.  Two separate conversations.
hero member
Activity: 608
Merit: 500
testerx nobody was whining.  I thought this thread was actually a pretty good discussion.  Let's not start calling names.  I have also offered my 10 shares for sale either as part of the whole or at the offer price to an individual.
I'm no name calling anybody but people were complaining that others don't have the same viewpoints as them regarding selling when we should all be free to make our own decisions.  The thing is that people can already sell their shares so I don't know why you would want to compel others to sell their shares as well.

Anyways, we'll just put it to a vote.  But voting and sales aside what's going on with the hashrate?  We have to still be discussing how to optimize it regardless of whether or not there's an offer for a sale, otherwise we won't even get a fair sale offer and I don't think $180 is a fair offer at all.
sr. member
Activity: 448
Merit: 250
testerx nobody was whining.  I thought this thread was actually a pretty good discussion.  Let's not start calling names.  I have also offered my 10 shares for sale either as part of the whole or at the offer price to an individual.
member
Activity: 69
Merit: 10
Suggestion: I'll make a google documents poll in a few hours. If everybody enters his forum name, # shares and preference we'll have an easy overview of how many shares are for or against selling.

I'll add DZminercoop staff to the document so that they can see that I'm not altering the document, and the results and individual votes will be posted in a few days.


If this ok with everybody and DZMinercoop staff, we can easily and quickly decide what to do.

Bobsag3, Thomas_s, Dyslexiczombei, please post or pm your gmail address so I can add you to the document.
member
Activity: 116
Merit: 10


the machines have roi'd in  most all fiat .

USD EUR GBP AUD.



Maybe, but I didn't sell fiat to buy my shares and I wouldn't buy fiat if I sold them. Fiat is irrelevant to me in this case. I reinvested BTC I mined into these shares, in order to increase my overall effective hash rate. The past 2 dividends + share of the offer on the table will leave me with a BTC loss.

As an aside, regarding the PI issues...a couple of things to consider trying if not done already; a moderate overclock my modifying /boot/config.txt, e.g:

Code:
arm_freq=800
core_freq=300
sdram_freq=400
over_voltage=0
gpu_mem=16

and also append this to /boot/cmdline.txt:

Code:
smsc95xx.turbo_mode=N

Cheers,
hero member
Activity: 574
Merit: 500
While we may not be at a decision to sell the unit at the moment, you are free to sell them yourselves if you find a buyer that wants to buy them and you can come to an agreement and do a share transfer.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
hero member
Activity: 608
Merit: 500
Personally I have decided to sell some of my hash power at a profit and put it into the r17 buy. Now so far to my disappointment dZcoop shareholders have not decided to offload some of r5 r6 r9 r10 r11 or r12. I have about 200gh of hash in those group buys.
 I wanted to sell half of the kncs I wanted to sell the black arrows.
So sell your shares in the hardware, I don't know why you're whining that other people don't wish to sell their hardware.  I still own my BFL Singles even though I could have sold them for a substantial sum of BTC.  If you need the money sell your shares, don't expect everyone else to wish to sell their mining hardware.

Also, I'm quite confident that we will mine back more than an additional 72K even with the difficulty going up, so it makes no damned sense from either a BTC or fiat perspective to sell.  If you don't want your shares sell it to someone else.

I've put far more money into other pre-orders anyway and I wouldn't be willing to give up any of them at this point.  If you want out then sell your shares to someone by listing it on the forum, my guess is that there are many people who would be willing to pay you a similar amount to what you would obtain as proceeds from the coop selling the hardware.  It's a democratic coop so it's majority rules, if you wish to convince us then you need to show us some math that actually shows that we won't ever make more than the offer but that's simply not the case.  If it was the case I wouldn't be heavily invested in other pre-orders.  

Anyways, if you want to put it to an official vote then each share should be a vote, and thus there will be 400 total votes from rounds 9-12.  And I think we should have rules about what minimum # of days people have to decide and what minimum percentage of people have to vote for it to pass (i.e. you can't just have some vote that nobody knows about and only 20% of people respond to).

So far it seems like most people do not want to sell but then again I don't know how many shares everyone holds so I'm not sure which side of the line it really falls under but honestly, why don't you just sell your shares if you're really concerned?
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
sr. member
Activity: 336
Merit: 250
It is very difficult to see forum members holding on to the belief :

I must do a btc roi

Why is it difficult? It's very simple: I believe we are going to make more btc keeping the miners mining than we are selling them.

Yes we have ROI'd in fiat currencies, but we haven't yet in BTC. We paid 0.63BTC per share and have received 0.21BTC. This means that we have less btc now than when we started, this is a bad thing.

If we keep hashing at 8GH/s with a difficulty jump of 80% every month, we will have mined 0.35BTC by the end of april. That's more than the 0.16BTC we'll have selling the hardware at todays exchange rate. That 0.16BTC will be even less by the time the sell of the hardware has been made.


If you're meaning to sell these shares to buy into R17, I advise against it. Not that R17 is a bad deal (I don't think so, I have bought shares in R17), but if you sell shares in one round at a loss to buy into a next round, that might lead to continous losses every time a more profitable round shows up. By the time R17 started hashing, difficulty might have risen that much that you would come to the thought of selling those shares to invest in another round again.

okay  bobs offer was 180 a share I have 11 shares.  180 usd is  about .157btc

 If you like this r9=r12    buy a share or 2 at .157 btc    from me.  I will pay dZcoop the transfer fee.

In fact I would sell up to 5 of my 11 shares for 180 usd or .157 btc.  

  each I pay the transfer fees.  we can use coinbase rate  in case btc moves a lot from the current rate of 1114 usd a coin. by more the 5%

For all my shares I really don't want to fully sell the gear.

 I have always said sell half keep half.

 I am happy with the half loaf concept.     selling half means I middle my profit.  

  keeping all or selling all will max  profit or min profit.  


Not sure if I would do it or not, but I like the way Philip thinks about this. However I would want to hear more official options from the Group Buy Coordinators about all options. Im on the fence at the moment to keep or bail, but I must say I like the half loaf analogy. USD wise I have nothing to loose letting hash as is until dead but missing a good exit point might be regretted.

Risk mitigation is not always a bad thing.

Regards.
full member
Activity: 219
Merit: 100
Ethics and Science need to shake hands
It is very difficult to see forum members holding on to the belief :

I must do a btc roi

Why is it difficult? It's very simple: I believe we are going to make more btc keeping the miners mining than we are selling them.

Yes we have ROI'd in fiat currencies, but we haven't yet in BTC. We paid 0.63BTC per share and have received 0.21BTC. This means that we have less btc now than when we started, this is a bad thing.

If we keep hashing at 8GH/s with a difficulty jump of 80% every month, we will have mined 0.35BTC by the end of april. That's more than the 0.16BTC we'll have selling the hardware at todays exchange rate. That 0.16BTC will be even less by the time the sell of the hardware has been made.


If you're meaning to sell these shares to buy into R17, I advise against it. Not that R17 is a bad deal (I don't think so, I have bought shares in R17), but if you sell shares in one round at a loss to buy into a next round, that might lead to continous losses every time a more profitable round shows up. By the time R17 started hashing, difficulty might have risen that much that you would come to the thought of selling those shares to invest in another round again.

Agree with this but also see this point.
tgbtg

R9-12 should be producing 2.3745 BTC at the current difficulty rating.

As of this writing, the 24 BTC for R9-12 is 1.67354500. The next projected difficulty is showing as 889,752,235 and if R9-12 were at 3.34GH/s this would be 1.8879 BTC for a 24 hour period.

I do appreciate ALL THE HARD WORK Bob has put into getting R9-12 up and running, but if this equipment is not going to meet the 3.34GH/s, I say we put it to a GB vote and move forward.

It would be easier to make a decision if the hashing was maxed. DMZ made an official poll in the KNC perhaps we should do that too.
hero member
Activity: 910
Merit: 1002


okay  bobs offer was 180 a share I...
Bob says... We need auction. 180 is ridiculous.
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