Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here. - page 18.

bcabes

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Quote from: tgbtg_2013 on December 04, 2013, 01:03:45 PM

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 be productive, I say we put it to a GB vote and move forward.

I second this, but I think we need some more official way to vote than over the forums.

philipma1957

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'The right to privacy matters'

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tgbtg_2013

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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.

madpoet

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Its only a loss if you care more about BTC than fiat. I'm not going to argue one way or another, I've put my vote up.

Hili

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Quote from: philipma1957 on December 04, 2013, 10:01:06 AM

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.

philipma1957

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philipma1957

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I deleted this post

madpoet

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So.. lots of discussion but little action. I'll set the floor. After thinking about it last night if the offer is still on the table my vote with my 10 shares is sell. Grin

philipma1957

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btc6000

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Quote from: gregorzmine on December 03, 2013, 04:40:02 PM

Same thing here, do not sell the hardware so quickly.

+1 I paid in BTC expecting ROI in BTC, not crappy USD.

If the PIs are causing issues eliminate them from the equation first.

Cheers

gregorzmine

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Same thing here, do not sell the hardware so quickly.

redphlegm

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My spoon is too big!

Quote from: Hili on December 03, 2013, 02:28:25 PM

I'd rather not sell the equipment, I think we'll mine more btc than we'd get selling the hardware...

This is how I feel. Let's just get a machine that's less finicky than a RPi. Even a $200 netbook with Ubuntu should do the trick.

Hili

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I'd rather not sell the equipment, I think we'll mine more btc than we'd get selling the hardware...

Quote from: thomas_s on December 03, 2013, 09:19:08 AM

Quote from: madpoet on December 03, 2013, 09:17:03 AM

What worries me is if these are so finicky, what about R17?

R17 won't be using bitfury chips, they will be using custom minion chips.

Yeah, but they'll use a modified version of the same board, won't they?
I hope they modify them enough so that they'll be much more stable.

slayernine

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I am OK with selling. I only have one share in R9-12.

madpoet

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There already is a transfer fee spelled out in the GB so that's in place. I was just offered multiple Jupiters at a good rate for instance. If these weren't problematic and ran at full hash I probably wouldn't care.

redphlegm

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My spoon is too big!

Quote from: testerx on December 03, 2013, 09:44:07 AM

Quote from: madpoet on December 03, 2013, 09:32:59 AM

Ok thanks for the clarification.

I am torn. I don't absolutely have to have the money right now, but it's a nice price and I wouldn't mind taking it. As we look at difficulty increases with the new mining equipment coming out and the difficulties getting these things up and running at full speed our per share earnings are going to fall. We were a little over .1 BTC per share last payout and that's going to drop. At a payout every 15 days and 10 shares, I am not sure we will cover the $180 per share offer on the table in the next 30-45 days. If the BTC price skyrockets obviously I'm wrong Wink

I guess that's the gamble.

But it'll keep hashing long after two payouts. I honestly think people are crazy impatient in the BTC world haha, for a real world investment to pay you what's equivalent to like 80% dividends every two weeks would be insane.

If you need cash now why not just resell your own shares, I'm sure people want in even at the finicky hash rate.

Agreed. I would rather receive the payments we have been receiving than to take the payment for the boards. I think that's a good compromise: to offer the shares for sale to others (though probably with a fee to manage payout addresses) if we go that route. The only way I would be okay selling the boards is that if the money raised goes towards different boards with a higher hashrate that have a definite delivery date in the not-so-distant future. Keep in mind though, the longer we wait and aren't hashing, KnC gets that much closer.

testerx

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Quote from: madpoet on December 03, 2013, 09:32:59 AM

Ok thanks for the clarification.

I am torn. I don't absolutely have to have the money right now, but it's a nice price and I wouldn't mind taking it. As we look at difficulty increases with the new mining equipment coming out and the difficulties getting these things up and running at full speed our per share earnings are going to fall. We were a little over .1 BTC per share last payout and that's going to drop. At a payout every 15 days and 10 shares, I am not sure we will cover the $180 per share offer on the table in the next 30-45 days. If the BTC price skyrockets obviously I'm wrong Wink

I guess that's the gamble.

But it'll keep hashing long after two payouts. I honestly think people are crazy impatient in the BTC world haha, for a real world investment to pay you what's equivalent to like 80% dividends every two weeks would be insane.

If you need cash now why not just resell your own shares, I'm sure people want in even at the finicky hash rate.

madpoet

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Ok thanks for the clarification.

I am torn. I don't absolutely have to have the money right now, but it's a nice price and I wouldn't mind taking it. As we look at difficulty increases with the new mining equipment coming out and the difficulties getting these things up and running at full speed our per share earnings are going to fall. We were a little over .1 BTC per share last payout and that's going to drop. At a payout every 15 days and 10 shares, I am not sure we will cover the $180 per share offer on the table in the next 30-45 days. If the BTC price skyrockets obviously I'm wrong Wink

I guess that's the gamble.

thomas_s

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Quote from: madpoet on December 03, 2013, 09:17:03 AM

What worries me is if these are so finicky, what about R17?

R17 won't be using bitfury chips, they will be using custom minion chips.

madpoet

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Activity: 448

Merit: 250

What worries me is if these are so finicky, what about R17?

Topic: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here. - page 18. (Read 25184 times)