btt - page 53. | Bitcointalksearch.org

AngelSky

hero member

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Quote from: creativex on August 07, 2013, 07:49:43 PM

allchains.info has the next difficulty increase estimate at +25.94% coming in 6.5 days. Minirigs are powerful gizmos, but they generate under 6.5BTC/day at current difficulty and around 5/day(est.) after the next retarget. It will take some time to break even on that investment and there are a whole lot of vendors claiming to be shipping a mess of hashing power in the near future. Even a week ago 500BTC may have been worth considering, but things are moving really fast.

Cheers.

Agree.

creativex

sr. member

Activity: 434

Merit: 250

allchains.info has the next difficulty increase estimate at +25.94% coming in 6.5 days. Minirigs are powerful gizmos, but they generate under 6.5BTC/day at current difficulty and around 5/day(est.) after the next retarget. It will take some time to break even on that investment and there are a whole lot of vendors claiming to be shipping a mess of hashing power in the near future. Even a week ago 500BTC may have been worth considering, but things are moving really fast.

Cheers.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: damiano on August 07, 2013, 07:39:20 PM

Quote from: AngelSky on August 07, 2013, 07:32:45 PM

Quote from: creativex on August 07, 2013, 01:06:48 PM

The real question is, what is it worth now that we're into August?

That's the real question and that's why he's selling it

I don't even think it can pay for itself at this point.

If it does maybe 10-15% at most

If I had 500 BTC available and not stuck into shares now, I wouldn't buy anything until I could see what is coming next (this month).

damiano

legendary

Activity: 1246

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103 days, 21 hours and 10 minutes.

Quote from: AngelSky on August 07, 2013, 07:32:45 PM

Quote from: creativex on August 07, 2013, 01:06:48 PM

The real question is, what is it worth now that we're into August?

That's the real question and that's why he's selling it

I don't even think it can pay for itself at this point.

If it does maybe 10-15% at most

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: creativex on August 07, 2013, 01:06:48 PM

The real question is, what is it worth now that we're into August?

That's the real question and that's why he's selling it

creativex

sr. member

Activity: 434

Merit: 250

Quote from: djjacket on August 07, 2013, 12:58:35 PM

Quote from: creativex on August 07, 2013, 12:48:05 PM

Thanks for the heads up djjacket. Sounds like we'd be in a bidding war with another mining outfit, but I'll make inquiries.

Cheers.

Yea - I just saw Nasty had pulled the trigger in the thread, but you never know what will work out.

I can say conclusively that I'm not driving all the way to CA to pick it up. I'd fly and ship it or escrow it.

The real question is, what is it worth now that we're into August?

djjacket

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Activity: 784

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Quote from: creativex on August 07, 2013, 12:48:05 PM

Thanks for the heads up djjacket. Sounds like we'd be in a bidding war with another mining outfit, but I'll make inquiries.

Cheers.

Yea - I just saw Nasty had pulled the trigger in the thread, but you never know what will work out.

creativex

sr. member

Activity: 434

Merit: 250

Thanks for the heads up djjacket. Sounds like we'd be in a bidding war with another mining outfit, but I'll make inquiries.

Cheers.

djjacket

hero member

Activity: 784

Merit: 501

Another in hand MiniRig forsale

https://bitcointalksearch.org/topic/sold-269318

creativex

sr. member

Activity: 434

Merit: 250

I've made some changes to the airflow characteristics of our batch 3 Avalon. In short I've made it louder(much) and uglier, but it seems to be doing even better than our batch 1 which is now, at least unofficially, our 2nd most impressive Avalon. This is important as due to Avalon's lengthy delays we may have a tough time getting our BTC investment back out of our batch 3. Results after 3h22m42s:

111152 Avg Mh/s
5440 HW Errors
26.8377 HW Errors/Minute
1.6719% HW Error Rate
Utility 37.55
DiffA 325381
DiffA/Minute = 1605.2343(shares/minute) (This is equivalent to 1203 shares/minute from a 3 module rig)

Cheers.

creativex

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Activity: 434

Merit: 250

Quote from: vaderiffic on August 07, 2013, 08:55:31 AM

Quote from: creativex on August 07, 2013, 08:19:04 AM

The 24h Avg is more than 4x our highest IPO price. Let me crunch some numbers and determine if it makes any sense to buy shares back, and if so at what price point.

well considering the additional 1625 shares that were added for the extra rig was traded at close to .70 it might be worth buying a small amount back.

then the rig cost us virtually half!

then again, you're the brains.

The deal for the rig was made when the share price was .61 which means we actually disbursed less shares than we would have had to if the deal were made with the current share price of .3771(24hrAvg). Meaning that we used our shares as currency when their value was significantly higher than it is currently, so we paid the equivalent of 603Btc for 8 singles that have been hashing for us for weeks. Given that there still isn't anything more efficient on the market(and won't be until at least the end of the month) I believe we'll easily make our investment back and more on the minirig and singles.

Given the enormous expansion plans nearly every chip company has slated for Q3/Q4 of this year, it may make more sense for us to make a significant purchase of the most efficient gear available in the near future. Again I need to crunch some numbers as the variables are beyond my ability to calculate without a spreadsheet in front of me. My instincts say significant bitfury purchase, but that will hinge upon whether they can meet their end of August delivery date and whether the performance/joule on shipping products is as impressive as claimed. On paper it appears as though people will be shutting down knc machines before bitfury gear as difficulty rises.

Cheers.

vaderiffic

newbie

Activity: 13

Merit: 0

Quote from: creativex on August 07, 2013, 08:19:04 AM

The 24h Avg is more than 4x our highest IPO price. Let me crunch some numbers and determine if it makes any sense to buy shares back, and if so at what price point.

well considering the additional 1625 shares that were added for the extra rig was traded at close to .70 it might be worth buying a small amount back.

then the rig cost us virtually half!

then again, you're the brains.

creativex

sr. member

Activity: 434

Merit: 250

Not entirely sure what happened with our bfl mining equipment yesterday morning. The mining software switched from polmine to 50btc(1st failover) for some reason, but instead of mining it went into a wait state which does not activate the watchdog timer I have setup in case of a crash. I caught it fairly quickly, but we lost nearly an hour of mining revenue with the minirig and singles. Everything is back to normal and seems fine now.

Cheers.

creativex

sr. member

Activity: 434

Merit: 250

The 24h Avg is more than 4x our highest IPO price. Let me crunch some numbers and determine if it makes any sense to buy shares back, and if so at what price point.

miTgiB

full member

Activity: 251

Merit: 100

Du hast

Quote from: vaderiffic on August 06, 2013, 11:56:28 PM

What about bASIC buying back 1000 or so shares while the prices are low?

Prices are still double the highest price treasury shares were sold at, would be a very poor use of funds while equipment has been attainable

vaderiffic

newbie

Activity: 13

Merit: 0

What about bASIC buying back 1000 or so shares while the prices are low?

creativex

sr. member

Activity: 434

Merit: 250

Major pool issues this morning. As a result I've switched all our BFL gear over to btcguild pps, which seems to be fine, until I can get it sorted.

Cheers.

creativex

sr. member

Activity: 434

Merit: 250

Early results from our batch 3 Avalon. After 6h46m17s the #s are:

111269 Avg Mh/s(This is unreliable)
10073 HW Errors
24.7930 HW Errors/Minute
1.6734% HW Error Rate
Utility 45.81
DiffA 601937
DiffA/Minute = 1481.5695(shares/minute)

The rig is stock, I simply opened it up and connected the big Antec 1300w platinum, which of course has to be outside the case as it won't fit within. I've had it set for auto overclock and 90% fan speed nearly since I got it set up. The speed has slowly ramped from 325Mhz to 361Mhz and then reset back to 325 on at least two occasions that I've observed. This is different than the restarts the older units display in that it's not restarting cgminer. Overall I'd say the performance is solid. I suspect it could benefit from increased airflow, but probably won't speed up significantly. The shares/minute stat has been steadily rising so I wouldn't be surprised if we level off above 1500/min, which is very respectable.

Cheers.

Edit: After 19h35m16s:

111670 Avg Mh/s
31190 HW Errors
26.5387 HW Errors/Minute
1.7243% HW Error Rate
Utility 41.02
DiffA 1808884
DiffA/Minute = 1539.1264(shares/minute)

creativex

sr. member

Activity: 434

Merit: 250

Quote from: Carnth on August 05, 2013, 05:57:17 PM

Haha. I can't believe you sneaked rig pr0n into btct.co Cheesy

Quote from: lunarboy on August 05, 2013, 07:03:11 PM

I assume you've seen this thread https://bitcointalksearch.org/topic/cointerra-mining-asic-coming-soon-267552 Cointerra.

Hi lunarboy, yeah I saw it. Another potential vendor generously offloading the risks associated with chip development to investors that think they're customers. You'd think the pre-order model would be played out by now.

Cheers.

lunarboy

hero member

Activity: 544

Merit: 500

Awesome work Mr. C a resounding vote of confidence ! Cool

I'm in strong agreement with the others, keep up the conservative but strong expansion, this market is exploding it would be very easy and tempting to greedily buy buy buy without doing the sums first.

I assume you've seen this thread https://bitcointalksearch.org/topic/cointerra-mining-asic-coming-soon-267552 Cointerra.

thats not a recommendation just highlighting how rapidly this market is exploding and giving yet more options.

next stop 2TH Wink

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