Topic: [CLOSED]R6: KnC Jupiter,BELOW COST+HOST, $78 +Bonuses. Hashing, 1st payouts sent (Read 14855 times)

Good point Philip.

Locking both threads and starting an R5-R6 combined discussion thread.

can we lock this r6 and lock r5 then do a r5 +r6 like we did with r9,10,11,12??



oh  one more question paying this and r5  tonight?

I'm not converting any of my bitcoins into fiat until other people have tested the taxation consequences of doing so

Sure, I'll vote my 3 shares to pay fees in fiat, assuming I understand what we're voting for.

You have to love the value of BTC lately  

The hosting fees are charged per machine, so $200 per month per machine.  The $100 fee every-two-weeks for hosting each GB machine would be calculated in BTC at the time I do the payouts.  With BTC at $318, that's less than 0.3 BTC for each.

Cashed out ~40BTC to pay costs and the metric ton of PSUs I ordered.

I vote for modifying the terms so we can keep hashing.
I also see people reselling Knc miners for 7000-8500, this could be a nice ROI option if the difficulty kept rising and btc stalled (right now it is up to $316!)

Okay  I would want this. basing it all on usd works for me. 

   Now is 200 for 1 machine or both.   

next question.  Any one cash in some coins lately ?

  I got 235 usd for .81 btc today!!
  I got 201  usd   for .77 btc yesterday!!

In USD terms, we're at about +5% ROI.   I wonder if we'll see Bitcoin at $300 next week?  w00t !!

The next payout is scheduled for Friday November 15th.  That will be the first payout that hosting fees will need to come out of.  And speaking of hosting fees, I need to call a vote on making a correction to the original terms of the GB which states that hosting fees are 2.75%.

The problem here is that hosting costs are in USD, not BTC, and the electricity, internet, rent, utilities, maintenance fees, and all the other hosting expenses need to be paid in USD.  In US Dollar terms, the hosting fee is $200 per month, or $100 every payout.  (That's a special GB reduction from the original $220 per month that I originally paid for hosting.)  

This amount is almost 50% less than KnC charges for hosting, and about 30% less than CoinTerra plans to charge for hosting.   In short, it's a very good deal at $200 per month.  Paid this way we can continue operating the machines until they aren't mining approximately 0.3 BTC every two weeks - probably well into next year.  

On the other hand, as difficulty rises, 2.75% probably won't cover the hosting costs past the next payout - it drops below the cost of hosting when the machines don't return at least 11 BTC every two weeks.  So, the bottom line is this, either we modify the original 2.75% terms to be $200 per month, or we have to shut down the machines much earlier than we really need to.

I vote my 5 shares of R5 and R6 for modifying the terms of the GB to change the 2.75% to be $200 per month so we can continue hashing longer.  

Votes, please?

I'll build a cron job tonight that automatically reboots a KnC box at midnight and test it on my Saturn since it seems to have the same kind f problem.  Once I'm sure it's working properly we can implement that on box-2.  I wonder if this is being caused by some sort of memory leak in that version of cgminer?

I heard rumors of a .98.1 release being tested by various people, but I haven't kept up with the KnC news lately so I don't know if that was made official yet or not.

EDIT:

The linux operating system that KnC uses doesn't have crontab available....   Ugh...

I was SSH'ed into the box and watched the cgminer crash. It seems like Box #2 needs to be rebooted every 48 hours.

It looks like there was a short blip.  It's not noticeable at all on the daily charts, but it had to be under an hour since it didn't hit zero on an hourly chart.  I would guess that someone at the hosting facility noticed the hashrate drop and rebooted the Jupiter.

Is worker 1 down?  showing 0 hash via the mootinator plugin...Am I the only one who obsessively watches the stats page?

Once I was waiting 12 hours for first confirmation

That was a scary thing to have happen....   

It's there now

Did that - doesn't seem to change anything...    It still shows the money spent, but the transaction sending it doesn't seem to exist...

I'll let it go overnight.  If it doesn't clear by in the morning, I'll try contacting the Bitcoin-QT developers to see if they can figure out what happened...

Have no idea. Restart QT?

I don't know what the story is here.  The payments went out, and there was a transaction ID generated, but the TxID doesn't show up on the blockchain...

Does anyone have any idea what to do in a case like this ??

Here's the R6 payout info.  Enjoy!