Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here. - page 2.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Ridicuss on February 01, 2014, 08:02:22 PM

Quote from: philipma1957 on February 01, 2014, 07:38:46 PM

Quote from: Ridicuss on February 01, 2014, 07:25:48 PM

Quote from: philipma1957 on February 01, 2014, 06:51:06 PM

Quote from: Tiennou74 on February 01, 2014, 05:56:37 PM

Tough to sell when making a .15btc loss per share...
That's almost $500 for my 4 shares

If we mined until no longer profitable would we get closer to ROI?

please do not think it is possible for btc roi. but we did make fiat roi.

we are down .25 btc a share. here is the no sale math

feb 1 we earned - .030
feb 15 we may earn- . 025
march 1 we may earn .020
march 15 we may earn .015
apr 1 we may earn .012

this adds up to .102 by apr 1st 2 full months from now. no fees were used to get that number. 2 months is a long time in btc.

I am not trying to be doom an gloom and I do want each to vote what they want to do. Philip's numbers have pretty much been bang on. This time he may not be able to predict very well because of coming difficulty increases between now and April 1.

Look at the hashrate that has hit the network in the last couple of days. http://bitcoinwisdom.com/bitcoin/difficulty

Philips numbers may still be close but a lot of larger machines are entering the market place for the consumer and the industrial miner.

those figures I used represent the best numbers possible. more then likely this round would earn the .1btc a share on may 1 not april 1. I rahter have the .1btc a share today.

If round 17 was all good I would be fuck it let this ride. but round 17 has a major problem. A problem large enough to possibly result in the end of the coop.

If black arrow goes poof the coop is really hurting. If black arrow send us hash power may 31 the coop may live. I want the .5 btc my 5 shares would get me.

Philip,

I hope you did not take offense to the way I wrote that. Your math and analytic skills are impeccable. I respect all you have calculated for us and greatly appreciate it. You have let me be a lot lazier.

I just wanted to point out that spike in hashrate, that kind of surprised me. I believe it will be starts and spurts like this for some time now.

Regards,

M

No worries I get lazy and don't always full write explanations down.

the full explanation can just take a real long time and fill up way too much space.
We are all a bunch of blind men trying to make some sense of this rather large elephant.

My take is if 17 was great if r9 -12 never had hash short fall if 15 + 16 had not a problem with the move. if 5 + 6 had not stopped on and off with hash rate we might all be inclined to let r9-12 ride so to speak.
Well all of the above has been a problem So I do not want to let r9-r12 hash. The realistic max of earned btc by april 1- may1 is about .1btc selling the gear may 1 will not be a lot of coin for us. It is worth more now.
If you think btc will jump just hold onto the buyout money.

Ridicuss

sr. member

Activity: 336

Merit: 250

Quote from: philipma1957 on February 01, 2014, 07:38:46 PM

Quote from: Ridicuss on February 01, 2014, 07:25:48 PM

Quote from: philipma1957 on February 01, 2014, 06:51:06 PM

Quote from: Tiennou74 on February 01, 2014, 05:56:37 PM

Tough to sell when making a .15btc loss per share...
That's almost $500 for my 4 shares

If we mined until no longer profitable would we get closer to ROI?

please do not think it is possible for btc roi. but we did make fiat roi.

we are down .25 btc a share. here is the no sale math

feb 1 we earned - .030
feb 15 we may earn- . 025
march 1 we may earn .020
march 15 we may earn .015
apr 1 we may earn .012

this adds up to .102 by apr 1st 2 full months from now. no fees were used to get that number. 2 months is a long time in btc.

I am not trying to be doom an gloom and I do want each to vote what they want to do. Philip's numbers have pretty much been bang on. This time he may not be able to predict very well because of coming difficulty increases between now and April 1.

Look at the hashrate that has hit the network in the last couple of days. http://bitcoinwisdom.com/bitcoin/difficulty

Philips numbers may still be close but a lot of larger machines are entering the market place for the consumer and the industrial miner.

those figures I used represent the best numbers possible. more then likely this round would earn the .1btc a share on may 1 not april 1. I rahter have the .1btc a share today.

If round 17 was all good I would be fuck it let this ride. but round 17 has a major problem. A problem large enough to possibly result in the end of the coop.

If black arrow goes poof the coop is really hurting. If black arrow send us hash power may 31 the coop may live. I want the .5 btc my 5 shares would get me.

Philip,

I hope you did not take offense to the way I wrote that. Your math and analytic skills are impeccable. I respect all you have calculated for us and greatly appreciate it. You have let me be a lot lazier.

I just wanted to point out that spike in hashrate, that kind of surprised me. I believe it will be starts and spurts like this for some time now.

Regards,

M

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Ridicuss on February 01, 2014, 07:25:48 PM

Quote from: philipma1957 on February 01, 2014, 06:51:06 PM

Quote from: Tiennou74 on February 01, 2014, 05:56:37 PM

Tough to sell when making a .15btc loss per share...
That's almost $500 for my 4 shares

If we mined until no longer profitable would we get closer to ROI?

please do not think it is possible for btc roi. but we did make fiat roi.

we are down .25 btc a share. here is the no sale math

feb 1 we earned - .030
feb 15 we may earn- . 025
march 1 we may earn .020
march 15 we may earn .015
apr 1 we may earn .012

this adds up to .102 by apr 1st 2 full months from now. no fees were used to get that number. 2 months is a long time in btc.

I am not trying to be doom an gloom and I do want each to vote what they want to do. Philip's numbers have pretty much been bang on. This time he may not be able to predict very well because of coming difficulty increases between now and April 1.

Look at the hashrate that has hit the network in the last couple of days. http://bitcoinwisdom.com/bitcoin/difficulty

Philips numbers may still be close but a lot of larger machines are entering the market place for the consumer and the industrial miner.

those figures I used represent the best numbers possible. more then likely this round would earn the .1btc a share on may 1 not april 1. I rahter have the .1btc a share today.

If round 17 was all good I would be fuck it let this ride. but round 17 has a major problem. A problem large enough to possibly result in the end of the coop.

If black arrow goes poof the coop is really hurting. If black arrow send us hash power may 31 the coop may live. I want the .5 btc my 5 shares would get me.

Ridicuss

sr. member

Activity: 336

Merit: 250

Quote from: philipma1957 on February 01, 2014, 06:51:06 PM

Quote from: Tiennou74 on February 01, 2014, 05:56:37 PM

Tough to sell when making a .15btc loss per share...
That's almost $500 for my 4 shares

If we mined until no longer profitable would we get closer to ROI?

please do not think it is possible for btc roi. but we did make fiat roi.

we are down .25 btc a share. here is the no sale math

feb 1 we earned - .030
feb 15 we may earn- . 025
march 1 we may earn .020
march 15 we may earn .015
apr 1 we may earn .012

this adds up to .102 by apr 1st 2 full months from now. no fees were used to get that number. 2 months is a long time in btc.

I am not trying to be doom an gloom and I do want each to vote what they want to do. Philip's numbers have pretty much been bang on. This time he may not be able to predict very well because of coming difficulty increases between now and April 1.

Look at the hashrate that has hit the network in the last couple of days. http://bitcoinwisdom.com/bitcoin/difficulty

Philips numbers may still be close but a lot of larger machines are entering the market place for the consumer and the industrial miner.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Tiennou74 on February 01, 2014, 05:56:37 PM

Tough to sell when making a .15btc loss per share...
That's almost $500 for my 4 shares

If we mined until no longer profitable would we get closer to ROI?

please do not think it is possible for btc roi. but we did make fiat roi.

we are down .25 btc a share. here is the no sale math

feb 1 we earned - .030
feb 15 we may earn- . 025
march 1 we may earn .020
march 15 we may earn .015
apr 1 we may earn .012

this adds up to .102 by apr 1st 2 full months from now. no fees were used to get that number. 2 months is a long time in btc.

alh

legendary

Activity: 1846

Merit: 1052

The problem with waiting is that the value of the hardware will likely decline over time (in terms of USD). My single vote for one share is to sell while the hardware still has some value. The original price as I recall was in USD. The BTC I had to send in strictly an inconvenient contrivance. My metric is USD loss/gain, not BTC.

Tiennou74

sr. member

Activity: 546

Merit: 250

Tough to sell when making a .15btc loss per share...
That's almost $500 for my 4 shares

If we mined until no longer profitable would we get closer to ROI?

Ridicuss

sr. member

Activity: 336

Merit: 250

I think its 27 to 1 now. I voted.

The way I understand this is it is not really 27 to 1. If it is straight yes or no then 27 to 1 is correct. It would be by percentage shares against the total. i.e. I voted to sell my 40 shares of 400 shares. That would be 10% of the vote. The 2 shares for the no vote would only be .5 percent of the vote.

Im sure the officials will chime in here and I can not speak for the CO-OP. I doubt we will get all 400 shares to vote so I guess if a large part of the shares do vote and more than 50% are to sell then they will sell.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

make it 24 to 1

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: thomas_s on February 01, 2014, 10:59:16 AM

The instructions that were given where to sign a message with the word Yes or No nothing else according to the current results there are only 4 valid votes.

If you placed an invalid vote please resubmit with the signed message only for the last question.

it won't let me go back and vote yes.

So according to the score card it is 20 yes and 1 no

davecoin

hero member

Activity: 816

Merit: 1000

Voted, thank you.

thomas_s

hero member

Activity: 574

Merit: 500

The instructions that were given where to sign a message with the word Yes or No nothing else according to the current results there are only 4 valid votes.

If you placed an invalid vote please resubmit with the signed message only for the last question.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: thomas_s on February 01, 2014, 03:31:45 AM

An email blast just went out with the following form

https://docs.google.com/forms/d/1kqLjjQExIWOGrpfYq-Cjn1iIaW5oXazyTLC08tCWtyo/viewform

Please cast your vote as soon as possible 28BTC buyout for the entire round (offer valid until Monday) + hosting fee waived for this payout if done before payout on the 1st.

Yes I voted for this. 5 shares worth. and as of today we are at 13btc in earnings so 13 + 28 = 41 btc about .1 btc each share and we would be done with this round.

https://blockchain.info/address/1CR3h3SLewfcYK4XGySe4bgKwXV2VYqvVV

we would have a btc loss of .15 per share and a fiat gain of about 220usd a share.

thomas_s

hero member

Activity: 574

Merit: 500

An email blast just went out with the following form

https://docs.google.com/forms/d/1kqLjjQExIWOGrpfYq-Cjn1iIaW5oXazyTLC08tCWtyo/viewform

Please cast your vote as soon as possible 28BTC buyout for the entire round (offer valid until Monday) + hosting fee waived for this payout if done before payout on the 1st.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Vagnavs on January 31, 2014, 09:00:18 PM

Quote from: philipma1957 on January 30, 2014, 07:40:15 PM

Quote from: yomamanodros on January 30, 2014, 12:50:18 PM

I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.

Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.

well you have a point so far we mined 12 coins from 15th to now. go to 13.5 by pay day and pull off .5 we spilt 13 coins that is 10400 usd. if we put up 3.2 th in miners lets say mostly s-1 we would be selling 16 of them you can sell one right now for 2k on ebay easy sale so that would be 32k take off 10 percent in fees your are at 29k. lets say we get 1 robbed (ebay can be tough we would clear 27k that is 33.75 btc

or consider selling them on this site for btc 1.8 btc a machine x 16 machines = 28.8 btc or about 23k

wasn't there a shortfall of about 14 BTC? Mr. numbers. Just curious

yes there was a shortfall of coins. but with the crash not burn (?) of round 17 a lot of us are antsy (pun intended).

so if we take 13/14 earned and cash the units out for 28 btc we are close to 41-42 btc. which would help . frankly I had expressed fears that this could happen if round 17 had a big issue like it has had. the buy out plus earnings comes to about .1 btc a share.

yeah we can fight over the shortfall of hash and say we deserve 55 btc over 400 shares not 41/42.
But I want some coins now. and a total of 41 btc would get us closer to roi in btc and definitely roi in fiat.

Bhosted

full member

Activity: 328

Merit: 100

If you want to sell you ants let me know. They will need to be less then what Bitmain is selling them for. Maybe able to work out a deal to take all of them.

Vagnavs

legendary

Activity: 1121

Merit: 1003

Quote from: philipma1957 on January 30, 2014, 07:40:15 PM

Quote from: yomamanodros on January 30, 2014, 12:50:18 PM

I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.

Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.

well you have a point so far we mined 12 coins from 15th to now. go to 13.5 by pay day and pull off .5 we spilt 13 coins that is 10400 usd. if we put up 3.2 th in miners lets say mostly s-1 we would be selling 16 of them you can sell one right now for 2k on ebay easy sale so that would be 32k take off 10 percent in fees your are at 29k. lets say we get 1 robbed (ebay can be tough we would clear 27k that is 33.75 btc

or consider selling them on this site for btc 1.8 btc a machine x 16 machines = 28.8 btc or about 23k

wasn't there a shortfall of about 14 BTC? Mr. numbers. Just curious

Vagnavs

legendary

Activity: 1121

Merit: 1003

I'll vote yes to sell the 10 shares I have.
Regards,
Brian

trinsic

full member

Activity: 205

Merit: 100

I'll vote to sell my 20 shares.

yomamanodros

member

Activity: 91

Merit: 10

“Create Your Decentralized Life”

I vote to sell with my 4 shares. I think there is enough interest in selling that an email should be sent out for an official vote. Let's get this done!

Topic: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here. - page 2. (Read 25184 times)