Topic: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here. - page 17. (Read 25184 times)

+1 Thanks Bobsag3

thank you and thanks for directing the Jupiter/Saturn  at it to help keep hash close to 3.3 th

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!)

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.

just hash fuck it.

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Agree with this. Thanks for making the point.

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).

Agreed.  Two separate conversations.

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.

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.

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.

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:


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


Cheers,

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.

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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?

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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.

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.

Bob says... We need auction. 180 is ridiculous.