Topic: {CLOSED} going to sell some shares of an LTC + BTC farm. (Read 684 times)

Seems to be no interest in a decent price deal I will cancel ie lock thread on monday.

Saved spaced I don't want to pad my signature campaign,  I have two account here philipma1957 and judypug1956

I am philipma1957 space saved.


So with the 20 shares 11 in my name and 9 to be sold.    I am looking to find a fair price point.

 the 5 gridseeds  cost more then  3400 usd

the 1th miner cost about 2800 usd but hashed a while.


If you were  a deep pocket miner .  you could get the 5 gridseeds for about 3300 and the 1th miner for about 1800 total of 5100usd.

20 shares would be 255.00 without power   4 months of power is 89   so 255 plus 89 is 344 a share counting 4 months .  that would be 0 profit for me..

 so 344 a share does  not work.

  selling the 9 shares at 450 usd gives me about 900 profit .  

struck out above  a math error I need 2th to do this calculation correctly not 1th.  so if you buy 5 gridseeds cost is 3300      2x  1th miners   cost is  3600 grand total of 6900   

   a share is 345    4 months power is 89 total of 434  a share i asked .8 btc which is 448 .   

  So I net less then 15 usd a share. 


 This is subject to change.

  In fact   here is the deal price is   450 usd a share payable in BTC only.

 pay to my btc address


The small buyer gets a bargain  compared to buying it alone.  

    I can manage 9 shares.  I can pay every 2 weeks.

CLOSED AND LOCKED DUE TO A LACK OF INTEREST.

This is an interest gathering post.  terms may be changed and altered just gauging what works for a smaller investor


I am open for comments and suggestions.
I am now taking payments,

 So here is the payment address:


    1F1tQ43XrVLe1tqkZy8e4n2J4VTj79G2hW


     please send 450 usd to the address above if you want in.

    1) then  send the tx id via pm
    2) send the  btc address that  you want your btc sent to in that pm
    3) send the  ltc   address  that you want your ltc sent to in that pm

    Right now payment is .814 btc

    I will adjust this  to stay close to 450 usd.  I use coinbase's sell price to get the number.





Investor list.

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I have 4 soon to be 5 gridseed blades in house.

I have a  1th miner hosted for me.

So I have a total of  about 25mh in ltc hash power

And a total of about 2th in btc hash power.


I was thinking of Holding 11 shares and selling 9 shares. total of 20 shares


So A single share = 1.25mh in ltc hash power  plus   100gh in btc  

what is a fair price well lets see.

  
 IF you buy 4 five chip gridseeds you get around 1.32 mh and spend  40 watts.

 you need to supply a power supply and some cables.

 If you buy 3 r-box miners you get around 96gh for btc and spend around 150 watts  you need some cables and a psu.

So if you want to do this in your home you need to spend about 360 for the gridseeds and about 220 for the r-box.

  a good psu and cables = 100 you are looking at 580 plus 100 =

 680 not counting a pc or  2 raspberry pi's  

 so say 750  usd  and around 200 watts or 5 k watts a day  that is around 75 cents a day or 22.50 a month.


So to get started we are talking  close to 750 usd and 22.50 a month.

That is a lot of cash.  

Realistically  you would loss money unless coins shoot up  a lot.

100 gh of btc makes 72 a month  if diff was to freeze and power was free.

1.25 mh of ltc makes 34 a month if diff was to freeze and power was free.

So you would bring in 106 a month power is not free it is 22.50 .

 so you would need about 9 months to break even.   not counting diff rises.

 
So basically buying hash power on your own would make you a loser.   Without big fiat price increases.

  So the question is how much can I beat that price  of 750 usd up front with 22.50 a month in fees by.

well I can charge 0 in fees for 4 months

 I can charge   .814 btc     up front.

 at todays rates that is  about  450 usd.

you pay me .814 btc and get 1 share with 100gh btc hash and 1.25mh hash with no hosting fees for four months.


every thing  I wrote is subject to change i am gathering interest in a small group buy for smaller miners with less to invest


Please wait to post here.

Now open for comments.

 thanks.  phil


LOOK BELOW my second account is judypug1956.

I did not want to pad my signature deal.  Feel free to ask questions and or question my math.

shots of my 2 ltc accounts they hash about  19.0 to 19.9mh


One thing I have to determine  is exact share size for the ltc and for the btc.

 My gridseeds seem to run under  4.9mh at wemineltc  but variance is good.   they run over 5.1 at  cex.io but variance sucks.

So while 5x gridseeds should be 26mh  my guess is they will be 25mh maybe 24mh.

My 1th miner runs at about 1020th.  

So right now I said a share of the ltc is 1.25mh  which if I honor will cost me a bit.

and a share of the btc is 100gh which if i honor would be a little in my favor.

I need to smooth out those numbers so that no one gets fucked.