btt - page 48. | Bitcointalksearch.org

creativex

sr. member

Activity: 434

Merit: 250

Quote from: ChefBorjan on August 14, 2013, 11:58:17 AM

Did that account for the loss of 1.5 BTC in the divs currently queued? Just curious, didn't think GPUs still did that much work.

Hi ChefBorjan. No, not at all. The GPUs don't do a whole lot and eat a lot of power, relatively speaking, but I need a computer running to keep our BFL gear fed anyway. The drop in dividends is caused by the ever increasing difficulty and yesterdays large increase. This will effect everything related to BTC mining. The drop in dividends would've been over twice that had I not added more hashing power.

Cheers.

I recently updated our spreadsheet and the front page:

https://docs.google.com/spreadsheet/ccc?key=0ArTS7AD--9SWdDNfb0lRNElqS1k1eGRoWEw2TGM4NlE&pli=1#gid=0

If anyone finds any bugs let me know. I got behind on my paperwork while travelling. Trying to get caught back up.

ChefBorjan

full member

Activity: 148

Merit: 100

Did that account for the loss of 1.5 BTC in the divs currently queued? Just curious, didn't think GPUs still did that much work.

creativex

sr. member

Activity: 434

Merit: 250

I've switched our GPUs to scrypt mining @ middlecoin to see if we can get a bit more out of them without my having to spend a lot of time/resources.

Cheers.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: davos on August 14, 2013, 09:52:36 AM

Quote from: creativex on August 14, 2013, 09:33:38 AM

Quote from: bobboooiie on August 14, 2013, 08:28:20 AM

Nice, good job as always dude. That is surprisingly cheap! Good for us

Thank you bobboooiie. I believe these relatively small acquisitions at favorable prices should allow us to tread water, figuratively speaking, with little risk whilst the ASIC hardware picture continues to clear. Sooner or later one vendor or another will finally offer solid evidence that they're able to meet a timetable/specifications and a larger investment will then make sense. The risks right now are entirely too high IMO to place large pre-orders with vendors that may or may not be able to deliver.

Cheers.

As long as we can somewhat keep pace with difficulty we'll stay in a strong position as the market continues to develop.

Can you go into a bit more detail on the 'secondary location' where you're housing the new Avalons?

Hi davos. Sure, it's a vacant residential rental property I own. Nothing fancy, but it's secure. I've also moved Avalons 1 & 3 there as I do not want to risk a shutdown due to overwhelming the electrical supply of either location. I've about 12kws of capacity at one location and 10kws of capacity at the other location(while still maintaining a safety margin).

I'm still looking at a few different commercial properties to lease, but the requirements are limiting my choices somewhat.

Cheers.

Edit: I snapped a ~~pick~~ pic of the four of them when I finished configuring av6 and will see about posting it up.

davos

member

Activity: 106

Merit: 10

Quote from: creativex on August 14, 2013, 09:33:38 AM

Quote from: bobboooiie on August 14, 2013, 08:28:20 AM

Nice, good job as always dude. That is surprisingly cheap! Good for us

Thank you bobboooiie. I believe these relatively small acquisitions at favorable prices should allow us to tread water, figuratively speaking, with little risk whilst the ASIC hardware picture continues to clear. Sooner or later one vendor or another will finally offer solid evidence that they're able to meet a timetable/specifications and a larger investment will then make sense. The risks right now are entirely too high IMO to place large pre-orders with vendors that may or may not be able to deliver.

Cheers.

As long as we can somewhat keep pace with difficulty we'll stay in a strong position as the market continues to develop.

Can you go into a bit more detail on the 'secondary location' where you're housing the new Avalons?

creativex

sr. member

Activity: 434

Merit: 250

Quote from: bobboooiie on August 14, 2013, 08:28:20 AM

Nice, good job as always dude. That is surprisingly cheap! Good for us

Thank you bobboooiie. I believe these relatively small acquisitions at favorable prices should allow us to tread water, figuratively speaking, with little risk whilst the ASIC hardware picture continues to clear. Sooner or later one vendor or another will finally offer solid evidence that they're able to meet a timetable/specifications and a larger investment will then make sense. The risks right now are entirely too high IMO to place large pre-orders with vendors that may or may not be able to deliver.

Cheers.

bobboooiie

hero member

Activity: 656

Merit: 500

Nice, good job as always dude. That is surprisingly cheap! Good for us

creativex

sr. member

Activity: 434

Merit: 250

Hi JimiQ84. Thank you, that's similar to my projections. My maths led me to conclude that a price below .7/Gh/s would be worth the risk even at this efficiency.

Cheers.

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: creativex on August 14, 2013, 07:28:30 AM

Quote from: MilkyLep on August 13, 2013, 11:41:34 PM

You crazy ass mofo. Went out and sourced another two Avalons! Grin

Two 4 module Avalons at that.

It's like you've got Toucan Sam's nose but for ASICS.

Do you mind divulging the BTC price paid for both units?

Shareholders have every right to that information, they were 75BTC each. They even came with PSUs so we needn't spend funds on that, though I've had to set them up in a second location due to power constraints and I'm going to have to invest in cooling at that location as well.

Cheers.

Edit: Actually I may look into swapping the PSU or adding a second to one of the new rigs as it's not performing as well as the other two comparable Avalons despite being relatively cool. It's currently at 1441.86 shares/minute and indicates an avg hashrate of 103764. While this is respectable the other two four module rigs are averaging over 1500 shares/minute accepted.

75 is excellent price, it should return in less than 4 months even with rising difficulty. Good job!

creativex

sr. member

Activity: 434

Merit: 250

Quote from: MilkyLep on August 13, 2013, 11:41:34 PM

You crazy ass mofo. Went out and sourced another two Avalons! Grin

Two 4 module Avalons at that.

It's like you've got Toucan Sam's nose but for ASICS.

Do you mind divulging the BTC price paid for both units?

Shareholders have every right to that information, they were 75BTC each. They even came with PSUs so we needn't spend funds on that, though I've had to set them up in a second location due to power constraints and I'm going to have to invest in cooling at that location as well.

Cheers.

Edit: Actually I may look into swapping the PSU or adding a second to one of the new rigs as it's not performing as well as the other two comparable Avalons despite being relatively cool. It's currently at 1441.86 shares/minute and indicates an avg hashrate of 103764. While this is respectable the other two four module rigs are averaging over 1500 shares/minute accepted.

xhomerx10

legendary

Activity: 3808

Merit: 7912

I know you said you were going to bed but...

Another in-hand BFL 60GH/s up for grabs!
https://forums.butterflylabs.com/classifieds-165/

No rest for the weary!

Take care

MilkyLep

hero member

Activity: 583

Merit: 500

Bitcoin for all & all for Bitcoin

You crazy ass mofo. Went out and sourced another two Avalons! Grin

Two 4 module Avalons at that.

It's like you've got Toucan Sam's nose but for ASICS.

Do you mind divulging the BTC price paid for both units?

demzie

sr. member

Activity: 266

Merit: 250

Great

xhomerx10

legendary

Activity: 3808

Merit: 7912

Well-planned and well-executed! Hopefully we'll see bASIC-mining crack the Fortune 500 by 4th quarter 2013 Wink

creativex

sr. member

Activity: 434

Merit: 250

Quote from: AngelSky on August 13, 2013, 06:20:40 PM

Quote from: creativex on August 13, 2013, 06:18:31 PM

**NEWS ITEM ADDED**

Quote

bASIC-Mining Increases Hashrate

bASIC-Mining is pleased to announce the further expansion of it's ASIC mining inventory. Two additional Avalon batch 3 rigs, each with 4 hashing modules have been obtained. This addition is expected to bring bASIC-Mining's total hashrate up to approximately 1,210,000Mh/s. The new hardware is currently being configured and will be available to add to mining revenue as early as tomorrow, Wednesday August 14.

Management remains committed to a policy of strong growth and careful hardware selection in this rapidly expanding Bitcoin network environment. The company's active hardware assets consist of the following:

(1) BFL Minirig SC

(4) BFL Single SCs

(3) Avalon 4 module rigs

(3) Avalon 3 module rigs

(2) Radeon HD 6770 GPUs

(2) Radeon HD 7770 GPUs

Cheers,

CreativeX

https://btct.co/security/BASIC-MINING

good job

TY...I'm going to sleep now.

Cheers.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: creativex on August 13, 2013, 06:18:31 PM

**NEWS ITEM ADDED**

Quote

bASIC-Mining Increases Hashrate

bASIC-Mining is pleased to announce the further expansion of it's ASIC mining inventory. Two additional Avalon batch 3 rigs, each with 4 hashing modules have been obtained. This addition is expected to bring bASIC-Mining's total hashrate up to approximately 1,210,000Mh/s. The new hardware is currently being configured and will be available to add to mining revenue as early as tomorrow, Wednesday August 14.

Management remains committed to a policy of strong growth and careful hardware selection in this rapidly expanding Bitcoin network environment. The company's active hardware assets consist of the following:

(1) BFL Minirig SC

(4) BFL Single SCs

(3) Avalon 4 module rigs

(3) Avalon 3 module rigs

(2) Radeon HD 6770 GPUs

(2) Radeon HD 7770 GPUs

Cheers,

CreativeX

https://btct.co/security/BASIC-MINING

good job

creativex

sr. member

Activity: 434

Merit: 250

**NEWS ITEM ADDED**

Quote

bASIC-Mining Increases Hashrate

bASIC-Mining is pleased to announce the further expansion of it's ASIC mining inventory. Two additional Avalon batch 3 rigs, each with 4 hashing modules have been obtained. This addition is expected to bring bASIC-Mining's total hashrate up to approximately 1,210,000Mh/s. The new hardware is currently being configured and will be available to add to mining revenue as early as tomorrow, Wednesday August 14.

Management remains committed to a policy of strong growth and careful hardware selection in this rapidly expanding Bitcoin network environment. The company's active hardware assets consist of the following:

(1) BFL Minirig SC

(4) BFL Single SCs

(3) Avalon 4 module rigs

(3) Avalon 3 module rigs

(2) Radeon HD 6770 GPUs

(2) Radeon HD 7770 GPUs

Cheers,

CreativeX

https://btct.co/security/BASIC-MINING

creativex

sr. member

Activity: 434

Merit: 250

Quote from: demzie on August 13, 2013, 04:57:08 PM

@creativex

Does BASIC-MINING have pre-orders open at the moment or something comming?

Hi demzie. Funny you should ask...

bASIC-Mining management remains unimpressed with the history of pre-ordered ASIC mining hardware and isn't likely to invest company funds in products/vendors that cannot provide concrete proof that they're able to meet claimed specifications or delivery schedules. With the number of hardware vendors increasing management feels that the cost of selecting the wrong vendor could be very costly.

Management will instead focus it's efforts on obtaining select ASIC mining hardware at prices deemed to be favorable to shareholder interests until such time as a clear hardware vendor choice emerges.

Cheers.

demzie

sr. member

Activity: 266

Merit: 250

@creativex

Does BASIC-MINING have pre-orders open at the moment or something comming?

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: creativex on August 12, 2013, 06:22:27 PM

I think we have a very small window here where Avalons that are purchased cheaply and can be hashing for us very quickly will be able to pay for themselves and yield a modest profit. I'm thinking under .7BTC/Gh is a reasonable price to pay at this point.

Cheers.

Always good to see you @ work

Topic: btt - page 48. (Read 407332 times)