Topic: [CLOSED] Neptune first batch shares (ANY AVAILABLE!) - page 10. (Read 37703 times)

Confirmed

1BBTeFqQmFtXnfjDakY9Vf8YoiMmy8iZa8

Hi @pharker, the bonus shares are 45 per machine (only on the first two), not 90 and yes, you are in right about the balancing... To change/adapt the "54$" value to bitcoin change rate for every buying untill the effective payment was a crazy idea that somebody still doesn't understand...
The four orders benefit together from several resources/privilege (eg. queue, facilities,...), so another reason for "balance".
Shares of equal fixed quota/value between machines, beyond protecting the gain/profit of the mining activity, can be traded homogeneously and can be managed without go crazy... (eg. somebody who now or in the future will have this kind of shares: 1 #2 + 5 #3 + 2 #4... can you imagine this multiplied X 130 maybe or...?)

@pharker later I'll write you a PM, I think I found a solution!

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I'm sorry for this quick update, today was a busy-day here... Tomorrow I'll post extended infos and soon I'll start to deploy some web service on the domain I just bought "insanebtc.com" that will be hosted on a server of mine and is obviously intended for our mining farm!

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I've updated quite almost the new Tx/corrections on the spreadsheet, please have a "bit" of patience more and I'll update the rest till now!

About the "signature ability"... better and detailed reasons about "why" you should use it will follow tomorrow. Consider that the ability to "sign a message" from your address IS THE ONLY PROPERTY/IDENTITY PROOF YOU HAVE and that matters!


Thanks & Cheers!
-akw-

here is the breakdown of the 1560 shares for all you guys out there.

#1
345 + 45

#2
345 + 45

#3
390

#4
390

things to note:
1) only 1470 shares were sold.
2) 90 shares were given to stakeholders #1 and #2 for free.
3) stakeholders of #3 and #4 got their shares diluted more than stakeholders of #1 and #2

Sorry, I posted before but forgot to write you a PM too!

the answer is simple. bitcoin price fell. hence, the earlier buyers were able to fetch a better price for their bitcoins than the later buyers. so when balancing was done, additional shares were given to them. but this is the part i do not understand. in the first place, if every order was treated independently, and each one had just enough "bitcoin worth of money" to buy a neptune, how did the balancing resulted in the earlier buyers getting 90 additional shares for free?

For some reason i am not included in the spreadsheet as per my purchase in #344
Please could you tell me why?


Regards
gavgav

EDITED

Let me try to clarify the logic.
My understanding is people who got in early should be rewarded with bonus shares.
People who got in early, the price of bitcoins was higher, say $1000 / BTC and the purchase of one Neptune was 16.5 BTC
People who get in later, the price of bitcoins was lower, say $900 / BTC and the purchase of one Neptune was 18.5 BTC

Because all 4 Neptunes should be arriving at the same time (time is money), it seems that with the bonus shares, the earlier folks who purchased shares should be rewarded with extra shares since they paid more when BTC was higher vs the later ones who joined for Neptune #3 and #4.

However it doesn't make sense that that promised share calculation of 1/300th of Neptune got diluted by the implementation of bonus shares.
I did join this group buy late, so I don't recall the 1/300th advertisement in the OP.  All I saw was 0.05 BTC per 10 GH/s.  Was this in the original post before?
So basically since it's split 390 per Neptune, we are now paying 0.05 BTC for 7.7 GH/s instead of 10 GH/s.  Yes we know Neptune is advertised as 3 TH/s and we are *assuming* that it will be released with a much higher hashing rate but I don't think it's correct to sell it based on *assuming* that it will be 3.9 TH/s when no one else is using this type of practice.

Perhaps a better way to do this is to refund "early folks" some bitcoins to make it fair for everyone.

anykeywhy, is my understanding correct for the reason for "bonus shares"?
Sorry the OP explanation isn't that clear, can you consider rewording it? It doesn't explain
1) why bonus shares were given out (emitted)
2) what "quotas" mean in this example
3) why balancing is necessary

I confirm my address and shares on the spreadsheet.

Just a reminder, these shares have yet to be added to the spreadsheet (I'll re-verify once it's in)

Thanks. 

Hi, can you clarify this.

Originally there were 300 shares per machine. We don't know the final hash rate of the machines but KnC marketting says 3000 GH/s so 1 share should be roughly 10 GH/s. When the machine arrives we will find out what the real hash rate is.

Now you are saying that there are 390 shares per machine. This means the shares I paid for at 1/300 of a machine are worth less than that. I am not happy about this.

I've tried to understand the new announcement in the first post, but it isn't at all clear. Can you find someone whose english is better to explain. Or someone on this forum.

Thanks

I confirm my address on the xls.

Thanks

Hello,

i am using Mt-Gox so far. For this the address is correct.

Should I change to blockchain to be able to sign transactions?
I don`t want to sell my shares at some point but if I should start a new service (linke blockchain) for some other reasons please let me know.

Thanks and regards!

Looking forward to this mining adventure  

I Confirm my address for 19+6+5 shares

thanks

Hi akw - id like to change my receive address to a better one (going to use a blockchain one then transfer to offline wallet manually)

Do you need me to sign a message to you from the new address?

Also will my 3 (plus 1) shares in #2 be combined with the 20 shares in #3? No big deal if not

Lastly thank you again for spending all this time and effort!!

Spreadsheet correct for me.  Thanks.

1) 1/390 [ToTal-Neptune-HashPower]

2) 1 share #X = 1 share #Y = ... | each share = 1/1560 (atm, keep in mind PSUs and OP details) of ToTal HashPower, in other terms

3) We actually don't know Neptune's final release ToTal HashRate!


Thanks & Cheers!
-akw-

Could someone please answer this specific question?

1) How many GH/s does each share get?

2) Are the GH/s per share the same in #1, #2, #3 and #4?  The spreadsheet shows 390 shares in each one.


I just want a simple answer.

Verified my info, all correct. Thanks!

All verified, thx!

Verified my info and all is correct! Thanks for your work!