Author

Topic: [CLOSED] R24: 8.13gh/s Immediate hash (Read 4606 times)

hero member
Activity: 574
Merit: 500
April 29, 2014, 10:30:04 PM
#54
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.
member
Activity: 66
Merit: 10
April 29, 2014, 08:16:07 PM
#53
Update please..
No hash, no April payouts..  Should we assume it's sold?
Thanks!
LDR
member
Activity: 119
Merit: 10
March 31, 2014, 04:18:50 PM
#52
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. LDR x 1 Share.
newbie
Activity: 182
Merit: 0
March 31, 2014, 04:13:19 PM
#51
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
LDR
member
Activity: 119
Merit: 10
March 31, 2014, 04:06:14 PM
#50
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.


newbie
Activity: 8
Merit: 0
March 31, 2014, 01:42:58 PM
#49
Can we vote to sell ?
member
Activity: 67
Merit: 10
March 18, 2014, 07:38:04 AM
#48
posted in wrong thread, my apologies.
newbie
Activity: 8
Merit: 0
March 17, 2014, 05:03:44 PM
#47
i vote to sell ( 1 share )
hero member
Activity: 560
Merit: 500
March 17, 2014, 04:36:01 PM
#46
How many votes do you need?
newbie
Activity: 38
Merit: 0
March 17, 2014, 04:32:15 PM
#45
I vote sell (2 shares)
newbie
Activity: 14
Merit: 0
March 17, 2014, 02:58:30 AM
#44
I vote sell also (10 shares)
newbie
Activity: 182
Merit: 0
March 16, 2014, 09:38:36 AM
#43
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.

I vote sell
LDR
member
Activity: 119
Merit: 10
March 15, 2014, 04:18:02 PM
#42
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.
hero member
Activity: 574
Merit: 500
March 12, 2014, 01:08:58 PM
#41
We can sell each machine for 1.01 BTC. The total would be 3.03BTC for this GB.
member
Activity: 67
Merit: 10
March 09, 2014, 03:08:43 PM
#40
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!
LDR
member
Activity: 119
Merit: 10
March 09, 2014, 02:58:56 PM
#39
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?
newbie
Activity: 182
Merit: 0
March 09, 2014, 09:39:33 AM
#38
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 Cry .

Should we consider selling the equipment and may be we can make a small ROI from it?
newbie
Activity: 38
Merit: 0
March 09, 2014, 03:04:10 AM
#37
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 Cry .

Should we consider selling the equipment and may be we can make a small ROI from it?
hero member
Activity: 759
Merit: 505
February 04, 2014, 06:46:58 AM
#36
awwww when did this gb close? Sad
hero member
Activity: 574
Merit: 500
February 03, 2014, 08:54:18 PM
#35

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.
newbie
Activity: 20
Merit: 0
February 03, 2014, 03:38:37 PM
#34

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.
hero member
Activity: 574
Merit: 500
February 02, 2014, 02:37:50 PM
#33

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.

As another note I miscalculated the hosting fee for R23/24 (undervalued it) oops my bad, this mistake will not be corrected / charged for the next payout.
newbie
Activity: 20
Merit: 0
February 02, 2014, 02:20:23 PM
#32

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
hero member
Activity: 574
Merit: 500
February 02, 2014, 12:17:52 PM
#31

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%


Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)


Please check the spreadsheet for accurate payout data, for R24 pro-rate data is on sheet 2.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdHR5bWlSUWR0cFV5Ulk1QlctZ0RpY2c&usp=sharing

If you still have questions feel free to ask.

Well, yes, it poses another question:)
The whole calculation laid out in the spreadsheet is built from the manual input of
Total Mined   0.5 (btc),
whereas your summary gives a twice as much value of ~1btc (http://www.crypto-ops.com/?page_id=1508) for 9 days, which is also supported by any online profit calc at this current difficulty.

So please clarify where's the miscalculation here. Thanks.
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
newbie
Activity: 20
Merit: 0
February 02, 2014, 12:12:45 PM
#30

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%


Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)


Please check the spreadsheet for accurate payout data, for R24 pro-rate data is on sheet 2.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdHR5bWlSUWR0cFV5Ulk1QlctZ0RpY2c&usp=sharing

If you still have questions feel free to ask.

Well, yes, it poses another question:)
The whole calculation laid out in the spreadsheet is built from the manual input of
Total Mined   0.5 (btc),
whereas your summary gives a twice as much value of ~1btc (http://www.crypto-ops.com/?page_id=1508) for 9 days, which is also supported by any online profit calc at this current difficulty.

So please clarify where's the miscalculation here. Thanks.
hero member
Activity: 574
Merit: 500
February 02, 2014, 10:44:01 AM
#29

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%


Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)


Please check the spreadsheet for accurate payout data, for R24 pro-rate data is on sheet 2.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdHR5bWlSUWR0cFV5Ulk1QlctZ0RpY2c&usp=sharing

If you still have questions feel free to ask.
newbie
Activity: 20
Merit: 0
February 02, 2014, 05:14:17 AM
#28

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%


Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)

newbie
Activity: 20
Merit: 0
January 30, 2014, 05:02:11 PM
#27
Thomas, is R24 hashing and is there a link to see units in action ?
Thanks

it's here: http://www.crypto-ops.com/?page_id=1508

Thanks mate)
Bookmarked it.
sr. member
Activity: 462
Merit: 250
Lux e tenebris
January 30, 2014, 11:38:36 AM
#26
Thomas, is R24 hashing and is there a link to see units in action ?
Thanks

it's here: http://www.crypto-ops.com/?page_id=1508
newbie
Activity: 20
Merit: 0
January 30, 2014, 10:19:36 AM
#25
Thomas, is R24 hashing and is there a link to see units in action ?
Thanks
member
Activity: 92
Merit: 10
January 30, 2014, 02:03:40 AM
#24
Looks like I got the refund!
hero member
Activity: 574
Merit: 500
January 29, 2014, 03:41:45 PM
#23
Would like to buy 1 share, but i get error message trying thru https://www.dzminercoop.com.
Any help

It might if you told thomas what error you received.

The site does not seem to believe there to be shares available  because I am getting:

"Selected quantity of "Round 24 8.13gh/s" is not available."
I'm sorry the site is sold out of Round 24, and could possibly be oversold based on multiple people buying at the same time (stock is deducted when payment clears), all over-sales will be refunded to the payout address given to the site tonight.
full member
Activity: 123
Merit: 100
January 29, 2014, 03:11:18 PM
#22
Would like to buy 1 share, but i get error message trying thru https://www.dzminercoop.com.
Any help

It might if you told thomas what error you received.

The site does not seem to believe there to be shares available  because I am getting:

"Selected quantity of "Round 24 8.13gh/s" is not available."
member
Activity: 88
Merit: 10
January 29, 2014, 09:55:25 AM
#21
Would like to buy 1 share, but i get error message trying thru https://www.dzminercoop.com.
Any help
newbie
Activity: 38
Merit: 0
January 28, 2014, 08:22:20 PM
#20
Bought 2 shares from the site
bc222c195023a1d3ccf255ea68d2f61245b63bfde15119bae1d5b3d32d5501cb
member
Activity: 92
Merit: 10
January 28, 2014, 01:55:00 AM
#19
Bought 5 shares from the site.
Coinbase transactions:  52e7536dd00db6d31800005f
newbie
Activity: 5
Merit: 0
January 27, 2014, 09:16:41 PM
#18

Two shares purchased, TX's

51877b5ffde4554b660a30b6619fd7e007e567cf32af4a09c53178ecf8f0b347
13928e47bded1c52f72e48335968b8687d9ef144619358617abf711a50a134d2
LDR
member
Activity: 119
Merit: 10
January 27, 2014, 12:48:22 PM
#17
I bought 1 share last night.

TxId: 812d20a690928c35c4e433e7c6ba7d5eadff6ff2957b5e1579e6280e8285e680

I just want to link my account here to my account there.
newbie
Activity: 8
Merit: 0
January 27, 2014, 12:04:19 PM
#16
Bought 1 Share

 I just paid DZMinerCoop in bitcoin using @Coinbase! https://coinbase.com/checkouts/52e68e8d45c97198a8000081
newbie
Activity: 5
Merit: 0
January 26, 2014, 11:21:46 PM
#15
3 shares purchased.. 

Is there a link to be able to see units in action tonight?
I'll put this up today, after I grab a bite to eat.

Great, thanks - I've bought a couple of shares so would be great to get some visibiity.
hero member
Activity: 574
Merit: 500
January 26, 2014, 01:10:53 PM
#14
3 shares purchased.. 

Is there a link to be able to see units in action tonight?
I'll put this up today, after I grab a bite to eat.
newbie
Activity: 1
Merit: 0
January 26, 2014, 01:09:23 PM
#13
Just bought 1 share!!

Success! Your 0.1208 BTC payment has been sent to DZMinerCoop.
Your confirmation number is CZHOBL36.

member
Activity: 66
Merit: 10
January 23, 2014, 03:41:55 PM
#12
3 shares purchased.. 

Is there a link to be able to see units in action tonight?
hero member
Activity: 574
Merit: 500
January 23, 2014, 01:23:29 PM
#11
Hashing begins tonight any order paid by 11:59PM Mountain Time will be included in the beginning hash, all orders placed after 11:59PM Mountain Time will be put into a 24 hour cycle.

If you purchase after 11:59PM (or January 24th 2014 you will begin hashing on January 25th, if you purchase after January 24th 11:59PM you will begin hashing on January 26th)
newbie
Activity: 20
Merit: 0
January 22, 2014, 11:51:03 AM
#10
Hi,
How to buy your shares ?

Hi there, I just bought shares, so can give you the tips:
- register here: https://www.dzminercoop.com/
- choose the product from the main page
- choose amount/number of shares and add to cart
- proceed to checkout and follow the instructions
If you have the required amount of BTC in ur wallet, the order processing and confirmation takes mere seconds!
Cheers
newbie
Activity: 182
Merit: 0
January 22, 2014, 10:28:10 AM
#9
Paid for 1 share via coinbase.
legendary
Activity: 3570
Merit: 1126
January 22, 2014, 09:24:38 AM
#8
Do you take paypal?
newbie
Activity: 20
Merit: 0
January 22, 2014, 09:13:13 AM
#7
Purchased and paid shares via Coinbase, here's the confirmation receipt:

I just paid DZMinerCoop in bitcoin using @Coinbase! https://coinbase.com/checkouts/52dfd052efe00f5bbe00001b

A great new state-of-the-art platform btw! Thanks and keep it up guys!

newbie
Activity: 25
Merit: 0
January 22, 2014, 05:16:57 AM
#6
Hi,
How to buy your shares ?
sr. member
Activity: 364
Merit: 250
January 22, 2014, 03:09:11 AM
#5
Update: R24 *will* be hashing Thursday as the miners are in hand and undergoing testing.

We will be prorating GB share payouts based on when you bought your share(s). Here's some examples of how this works for a 15 day payout period:

- If you buy your R24 share(s) before Thursday, you will receive a full payout for R24.

- For co-op members who buy shares on Thursday, the first day of mining ops, they will have their mining start on Day 2, and you would receive a prorated payout of 14/15ths of a full share payout.

- If you bought your R24 share(s) on the 5th day of mining ops, then Mining would start for you on Day 6, and you would receive two-thirds (2/3) of a normal sized payout after the end of that 15th day.

- if you bought your R24 share(s) on the 14th day of mining ops, then Mining would start for you on Day 15, and you would receive one-fifteenth (1/15) a normal sized payout after the end of that 15th day.

- Day 15 purchases receive no payouts until the next payout period.

==

Side note: Team DZ is now the #8 Team on BTC Guild and earlier today we surpassed the hashrate of the Dutch and Canadian teams!  Mahalo, everyone! Smiley

https://www.btcguild.com/index.php?page=rankings§ion=teams

==

Also: the DZ Miners Cooperative will have co-op leaders at our Cypher Enterprises Booth at BTC Miami this weekend. I can't make it but 3 co-op leaders will be there.
hero member
Activity: 574
Merit: 500
January 21, 2014, 08:18:08 PM
#4
It says immediate hash.  As soon as I buy, it'll start hashing ?
Hashing should start Thursday or when full...during business hours
member
Activity: 92
Merit: 10
January 21, 2014, 08:16:46 PM
#3
It says immediate hash.  As soon as I buy, it'll start hashing ?
hero member
Activity: 546
Merit: 500
Owner, Minersource.net
January 21, 2014, 11:00:53 AM
#2
Payouts occurs on the 1st and 15th of each month.

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%

Price is $99.99 per share.

Machines will continue to hash until they can no longer pay their costs.


Sub-rounds will open as soon as 63 shares are sold (during business hours)

We take 0 (zero) responsibility for manufacturer defects, if the units need to be returned or need replacement parts we will ensure they get sent out for repair or repair them in house when replacement parts arrive.

Hashing should start Thursday or when full.

Took yalls advice, dropped the share price down to something a little more manageable.
hero member
Activity: 574
Merit: 500
January 21, 2014, 10:58:05 AM
#1
Payouts occurs on the 1st and 15th of each month.

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%

Price is $99.99 per share.

Machines will continue to hash until they can no longer pay their costs.


Sub-rounds will open as soon as 63 shares are sold (during business hours)

We take 0 (zero) responsibility for manufacturer defects, if the units need to be returned or need replacement parts we will ensure they get sent out for repair or repair them in house when replacement parts arrive.

Hashing should start Thursday or when full.
Jump to: