Update please..
No hash, no April payouts.. Should we assume it's sold?
Thanks!
All Bitmain hardware Rounds were sold and payed out on April 1st. No hash, no April payouts.. Should we assume it's sold?
Thanks!
Topic: [CLOSED] R24: 8.13gh/s Immediate hash (Read 4561 times)
Update please..
No hash, no April payouts.. Should we assume it's sold?
Thanks!
No hash, no April payouts.. Should we assume it's sold?
Thanks!
Please post your vote and amount of shares like follow is my vote
Sell votes:
Speth x 10 shares
lostering x 2 shares
matagatoz x 1 share
makusoto x 1 share
Sell votes:
Speth x 10 shares
lostering x 2 shares
matagatoz x 1 share
makusoto x 1 share
SELL. LDR x 1 Share.
Please post your vote and amount of shares like follow is my vote
Sell votes:
Speth x 10 shares
lostering x 2 shares
matagatoz x 1 share
makusoto x 1 share
Sell votes:
Speth x 10 shares
lostering x 2 shares
matagatoz x 1 share
makusoto x 1 share
Thomas how do we start the selling process? Can you please start it? Its been a month and everyone who replied so far has voted to sell.
We should do it now so that we can get the most BTC from the sale while the exchange rate is low and favorable. Our last payout was only 0.0014 per share, ROI is not possible. With the current really low USD to BTC rate, we will get the most BTC possible from a sale now. We can probably get more than the 1 BTC per S1 mentioned by Thomas 2 weeks ago because the exchange rate is favorable.
For example, if we get say 1.1 BTC per S1 from the sale because of the low rate, that is 3.3 BTC total. 3.3 BTC / 63 Shares = ~0.052 BTC per share. We will NEVER make that much from mining, so we need to do this NOW, time is of the essence.
We should do it now so that we can get the most BTC from the sale while the exchange rate is low and favorable. Our last payout was only 0.0014 per share, ROI is not possible. With the current really low USD to BTC rate, we will get the most BTC possible from a sale now. We can probably get more than the 1 BTC per S1 mentioned by Thomas 2 weeks ago because the exchange rate is favorable.
For example, if we get say 1.1 BTC per S1 from the sale because of the low rate, that is 3.3 BTC total. 3.3 BTC / 63 Shares = ~0.052 BTC per share. We will NEVER make that much from mining, so we need to do this NOW, time is of the essence.
Can we vote to sell ?
posted in wrong thread, my apologies.
i vote to sell ( 1 share )
How many votes do you need?
I vote sell (2 shares)
I vote sell also (10 shares)
We need to vote on selling and quickly.
Since, the vast majority of profits are made in the first few weeks, the timing of the price drop couldn't have been worse for us. Combine this with the fact that the high DZ hosting fee is based in fiat, and we have destroyed any chance at an ROI for this group by.
By selling now we will get more BTC than we would mine because of the outrageously high fee we are paying (DZ doesn't take a 60% cut of the sale like it does mining profits). We are more screwed if we wait too long and Black Arrow, BFL Monarchs and S2s start shipping because our miner will be worth way less. Everyday we wait we are essentially making less from the sale, while paying 60% in fees to DZ to host it.
I vote to sell on Ebay ASAP.
Since, the vast majority of profits are made in the first few weeks, the timing of the price drop couldn't have been worse for us. Combine this with the fact that the high DZ hosting fee is based in fiat, and we have destroyed any chance at an ROI for this group by.
By selling now we will get more BTC than we would mine because of the outrageously high fee we are paying (DZ doesn't take a 60% cut of the sale like it does mining profits). We are more screwed if we wait too long and Black Arrow, BFL Monarchs and S2s start shipping because our miner will be worth way less. Everyday we wait we are essentially making less from the sale, while paying 60% in fees to DZ to host it.
I vote to sell on Ebay ASAP.
I vote sell
We need to vote on selling and quickly.
Since, the vast majority of profits are made in the first few weeks, the timing of the price drop couldn't have been worse for us. Combine this with the fact that the high DZ hosting fee is based in fiat, and we have destroyed any chance at an ROI for this group by.
By selling now we will get more BTC than we would mine because of the outrageously high fee we are paying (DZ doesn't take a 60% cut of the sale like it does mining profits). We are more screwed if we wait too long and Black Arrow, BFL Monarchs and S2s start shipping because our miner will be worth way less. Everyday we wait we are essentially making less from the sale, while paying 60% in fees to DZ to host it.
I vote to sell on Ebay ASAP.
Since, the vast majority of profits are made in the first few weeks, the timing of the price drop couldn't have been worse for us. Combine this with the fact that the high DZ hosting fee is based in fiat, and we have destroyed any chance at an ROI for this group by.
By selling now we will get more BTC than we would mine because of the outrageously high fee we are paying (DZ doesn't take a 60% cut of the sale like it does mining profits). We are more screwed if we wait too long and Black Arrow, BFL Monarchs and S2s start shipping because our miner will be worth way less. Everyday we wait we are essentially making less from the sale, while paying 60% in fees to DZ to host it.
I vote to sell on Ebay ASAP.
We can sell each machine for 1.01 BTC. The total would be 3.03BTC for this GB.
Its also weird that the total mined number in the spreadsheet is exactly 0.5, 1.5 and 1 BTC for the last three weeks respectively. Mathematically the odds of hitting exactly 0.5, 1.5 and 1 consecutively is pretty much impossible so this number must be rounded. Why is this number rounded while all the other numbers in the spreadsheet aren't? What was the actual amount total mined?
Just jumping in to clarify this. When the payout occurs, the amount which has been transferred from the pool to the payout wallet is what is split. The pool is setup to transfer to the payout wallet every 0.5 bitcoins. So that is why the numbers are nice and round. Every 0.5 btc mined, the transfer is made to the payout wallet. Day of payout, whatever is in there gets split.
I am an investor in R23 and I agree, management fees are high and have essentially killed any chance of ROI. I will suggest selling the equipment as well!
Yeah I agree, 65+% of earnings this early is a ridiculously high. We will never ROI in terms of dollars or BTC. I thought that it was going to be 375 per month total, not 375 per payout or 750 a month plus another management fee.
There are 63 shares in this group buy at 8.13 gh/s each for a total hashrate of about 512 gh/s. Since Antminer S1s have a power efficiency of 2 watts per gh/s so total power consumption is around 1024 watts per month or 1.024 kilowatts. Electricity averages 0.10 per kilowatt hour, so our miner costs about 0.10 $/kwh * 1.024 kw = $0.1024 per hour * 24 = $2.4576 per day * 31 = ~$76.1856 per month in total electricity costs.
So in essence, we are paying 10x the power cost for hosting the miner, plus pool fees, plus the other 2% management fee.
Its also weird that the total mined number in the spreadsheet is exactly 0.5, 1.5 and 1 BTC for the last three weeks respectively. Mathematically the odds of hitting exactly 0.5, 1.5 and 1 consecutively is pretty much impossible so this number must be rounded. Why is this number rounded while all the other numbers in the spreadsheet aren't? What was the actual amount total mined?
There are 63 shares in this group buy at 8.13 gh/s each for a total hashrate of about 512 gh/s. Since Antminer S1s have a power efficiency of 2 watts per gh/s so total power consumption is around 1024 watts per month or 1.024 kilowatts. Electricity averages 0.10 per kilowatt hour, so our miner costs about 0.10 $/kwh * 1.024 kw = $0.1024 per hour * 24 = $2.4576 per day * 31 = ~$76.1856 per month in total electricity costs.
So in essence, we are paying 10x the power cost for hosting the miner, plus pool fees, plus the other 2% management fee.
Its also weird that the total mined number in the spreadsheet is exactly 0.5, 1.5 and 1 BTC for the last three weeks respectively. Mathematically the odds of hitting exactly 0.5, 1.5 and 1 consecutively is pretty much impossible so this number must be rounded. Why is this number rounded while all the other numbers in the spreadsheet aren't? What was the actual amount total mined?
You are making a LOT of sense there and I dont mind that motion.
I'm not trying to be negative. But I feel like I should say this:
The hosting fee is killing the deal on this GB. I got BTC0.01 from the last dividend of 2 shares after waiting for 2 weeks. And I expect even less from the next dividend.
In my rough estimation, if we are LUCKY the GB will break even after a year or so
.
Should we consider selling the equipment and may be we can make a small ROI from it?
The hosting fee is killing the deal on this GB. I got BTC0.01 from the last dividend of 2 shares after waiting for 2 weeks. And I expect even less from the next dividend.
In my rough estimation, if we are LUCKY the GB will break even after a year or so
.Should we consider selling the equipment and may be we can make a small ROI from it?
I'm not trying to be negative. But I feel like I should say this:
The hosting fee is killing the deal on this GB. I got BTC0.01 from the last dividend of 2 shares after waiting for 2 weeks. And I expect even less from the next dividend.
In my rough estimation, if we are LUCKY the GB will break even after a year or so .
Should we consider selling the equipment and may be we can make a small ROI from it?
The hosting fee is killing the deal on this GB. I got BTC0.01 from the last dividend of 2 shares after waiting for 2 weeks. And I expect even less from the next dividend.
In my rough estimation, if we are LUCKY the GB will break even after a year or so
.Should we consider selling the equipment and may be we can make a small ROI from it?
awwww when did this gb close? 
As with the other rounds only BTC paid to the payout address is used in the calculation, at the time of payout there was only 0.5 BTC to distribute
Ok, understood. So this is the payout address for the round? https://blockchain.info/address/1Di8AKRyKuyoBNgV1zNjTDJopc4Zv8dZsx
Yes that is the payout address for R24.
How come that the payout address has only 1 incoming transaction on Jan 30 (exactly for 0.5 btc)?
Any calc on the net will show that hashing with ~512Gh/s at current difficulty (2193847870) is making at least 0.11 btc/day in which case it makes up ~1 btc per 9 days (exactly how was shown in your R24 mining summary page).
Having said that, if your payout limit with BTC Guild is set to 0.5, you must've received payouts at least twice during the period - the first on Jan 26-27 and the next one on Jan 31 (if not earlier, for the mentioned difficulty only rose Jan 24th, after 1 day hashing). But in any case it wouldn't be only 1 payout and so quiet late. Is there only 1 worker/payout adress for the whole rig/round?
Nothing personal and no strings attached, I understand how hell busy you're now (esp. with r17/BA turmoil) but just want to understand the payout mechanism and calculations completely, to not bother you with sporadic questions furthermore.
Sorry for not explaining it in full detail, BTCGuild is set to payout to the address every 0.5 BTC, we do disbursment from the payout address on the 1st and 15th of the month based on what is in it (what BTCGuild sends us).
An online calc doesn't account for pool luck which BTCGuild while sometimes is very lucky it also sometimes isn't where instead of making .11 you'd make 0.09.
Jump to: