Topic: [BTC-TC] BTC-Mining - page 5. (Read 22715 times)
Mining returns of 27.73213913 BTC paid @ 0.01212599 BTC per share for the week of 29th July to the 4th August of 2012
Mining returns of 30.20946528 BTC paid @ 0.01453776 BTC per share for the week of 22th July to the 28th July of 2012
Mining returns of 30.87029862 BTC paid @ 0.01526721 BTC per share for the week of 15th July to the 21th July of 2012
...They are not due back until the end of August...
...By then, with the long shipping time, it might not be worthwhile to get the FPGA version then with the ASICs expected not too long afterward...
...By then, with the long shipping time, it might not be worthwhile to get the FPGA version then with the ASICs expected not too long afterward...
Oh sorry I missed the thing about being unable to get the coins back before August. And you are right about getting the ASIC directly if the delays are comparable.
I'm waiting for reply from BFL for current delays.
As per one of the previous motion, our funds are lended to Bitbond's issuer in exchange of hashing. They are not due back until the end of August.
By then, with the long shipping time, it might not be worthwhile to get the FPGA version then with the ASICs expected not too long afterward. There's no point in ordering one if we receive it after the ASICs are out and must wait after it then ship it back right away.
As per one of the previous motion, our funds are lended to Bitbond's issuer in exchange of hashing. They are not due back until the end of August.
By then, with the long shipping time, it might not be worthwhile to get the FPGA version then with the ASICs expected not too long afterward. There's no point in ordering one if we receive it after the ASICs are out and must wait after it then ship it back right away.
Anyone? It's dropping already I think. Should we get that rig now?
I think we've got enough to buy an FPGA mini rig. Should we do a motion while the prices are high?
Mining returns of 30.953787 BTC paid @ 0.0153085 BTC per share for the week of 8th July to the 14th July of 2012
Mining returns of 31.72209573 BTC paid @ 0.01641081 BTC per share for the week of 1st July to the 7th July of 2012
We currently get around 3.63 mhash/s on each share, 100% being given out. If we'd buy FPGA now (with the Bitcoins being close to 7 instead of 5 as in early calculations), we would now buy about 11 mhash/1 BTC share (2200 BTC for the 25400 mhash Mini Rig) with 5.5 mhash going into dividends. A large increase of hashing per share paid out in dividends, not to count the extra part reserved for purchasing more equipment which we don't currently get.
Assuming FPGA. ASICs would get even more but it's hard to get any prediction without knowing the adoption rate of ASICs.
I'm looking for larger buyers who might want my info and have a signed version of the contract (500+ BTC shares purchases), and at the same time bypass the full market fees by transferring the shares directly.
Can anyone predict if the dividends will be higher than the current ones when we get the equipment? Of course we will be making more btc but 40% will not be paid as dividends. (suppose we go FPGA for the prediction)
We currently get around 3.63 mhash/s on each share, 100% being given out. If we'd buy FPGA now (with the Bitcoins being close to 7 instead of 5 as in early calculations), we would now buy about 11 mhash/1 BTC share (2200 BTC for the 25400 mhash Mini Rig) with 5.5 mhash going into dividends. A large increase of hashing per share paid out in dividends, not to count the extra part reserved for purchasing more equipment which we don't currently get.
Assuming FPGA. ASICs would get even more but it's hard to get any prediction without knowing the adoption rate of ASICs.
I'm looking for larger buyers who might want my info and have a signed version of the contract (500+ BTC shares purchases), and at the same time bypass the full market fees by transferring the shares directly.
Can anyone predict if the dividends will be higher than the current ones when we get the equipment? Of course we will be making more btc but 40% will not be paid as dividends. (suppose we go FPGA for the prediction)
Mining returns of 31.39996128 BTC paid @ 0.01624416 BTC per share for the week of 24th June to the 30th June of 2012
https://glbse.com/vote/view/81
Voted Yea:1619
Voted Nay:0
Sold shares: 1933
Over 80% of shares voted yes, with ZERO no. I think the decision has been taken. We will go ASICs
Voted Yea:1619
Voted Nay:0
Sold shares: 1933
Over 80% of shares voted yes, with ZERO no. I think the decision has been taken. We will go ASICs
Ah OK then. I got that the opposite way. Well yes for me then. One way or another we will move to ASIC IF there is such a hue difference in performance AND the initial Hash/$ ratio.
Why not go with the mini-rig now, and trade it in for an ASIC later? They allow people to trade in their old BFL purchases for 100% of the price you paid for it.
Technically, until motion pass, we are still going for the Mini-Rig. We might motion about this later. However their delivery time might be long if they ship us a Mini-Rig from the returns they receive and we then have to ship it back. It wouldn't be an advantage in that case. Once motion passes, I will inquire about this and see if it would be advantageous to still pre-buy a MiniRig and request a trade in later.
That. Voting "no" means no ASICs. If we go for ASICs, we will have to motion about if we still go for the FPGAs while we wait.
I'll also have to inquire first:
- If they'd make a new Mini-Rig or give us a refurbished one they get sent for a trade for an ASICs when the order is ready. If they would send us an old one, then obviously the ASICs are ready since you ship the old FPGAs to them when your ASICs order is ready to be shipped.
- If they do send old ones when ASICs are already out and we would have to buy one off of someone else instead to trade it in later, I would also need to get information about equipment return (What if it's broken/doesn't work & what happens if we want to return that unit for the trade in).
Basically, vote no only if you don't want to use ASICs at all. We'll see the options for going FPGAs temporarily after that. According to what I know about people owning shares and their vote, the motion will pass. We're already over 50% "yes" of the total shares sold and only actual votes count in the percentage.
If this vote doesn't pass, are we ordering the old mini rig soon? Also if we do, and can we trade it back for the full price to buy the ASIC one?
Right now I lean towards voting No. We'd better buy something to start mining on our own ASAP and we'll switch to ASIC by trading the FPGA back. Or we could even get the FPGA now and use the rest of the shares for the ASIC when all of them are sold.
Can I change my vote later? Anyone care to list the reasons to vote yes?
Right now I lean towards voting No. We'd better buy something to start mining on our own ASAP and we'll switch to ASIC by trading the FPGA back. Or we could even get the FPGA now and use the rest of the shares for the ASIC when all of them are sold.
Can I change my vote later? Anyone care to list the reasons to vote yes?
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Technically, until motion pass, we are still going for the Mini-Rig. We might motion about this later. However their delivery time might be long if they ship us a Mini-Rig from the returns they receive and we then have to ship it back. It wouldn't be an advantage in that case. Once motion passes, I will inquire about this and see if it would be advantageous to still pre-buy a MiniRig and request a trade in later.
It has occured to me that the new MiniRig SC would raise the mhash/share to new, tremendous levels. I almost feel ridiculous stating such vast numbers. But this IPO has always been about buying the best Butterfly Labs equipment and as such, we're now motioning on buying the new ASICs Mini-Rig.
For all people having a stake in this co-purchased operation, please vote now.
For all people having a stake in this co-purchased operation, please vote now.
Why not go with the mini-rig now, and trade it in for an ASIC later? They allow people to trade in their old BFL purchases for 100% of the price you paid for it.
It has occured to me that the new MiniRig SC would raise the mhash/share to new, tremendous levels. I almost feel ridiculous stating such vast numbers. But this IPO has always been about buying the best Butterfly Labs equipment and as such, we're now motioning on buying the new ASICs Mini-Rig.
For all people having a stake in this co-purchased operation, please vote now.
For all people having a stake in this co-purchased operation, please vote now.
Its a bit like buying a new car as opposed to one thats a year or two old.
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