Topic: [COMMUNITY] Let's buy a SC Single together! It's cheaper than a Jalapeño! (Read 4430 times)
June 28, 2012, 01:04:19 AM
How is it you deduce that you can't profit off a Jelapeno? You make no sense. Also, why on earth would you have your jalapeno plugged into your everyday PC, that's dumb too.
June 25, 2012, 03:02:02 AM
There are plenty of PCs that run 24/7 anyway.
But if you think electricity cost is at issue here, lets do some math.
Assume the jalapeno is 2.5W.
Average electricity cost in the US is 12¢/kWh. THats ~$2.5 per year. SO it takes 66 years before your electricity cost exceeds the purchase cost.
Or ~30 years if you use a raspberry pi to drive a single jalapeno.
At current prices, electricity cost is a non issue for these asics. If you have to worry about power consumption, it means you will never ever make a positive ROI on the purchase cost.
But if you think electricity cost is at issue here, lets do some math.
Assume the jalapeno is 2.5W.
Average electricity cost in the US is 12¢/kWh. THats ~$2.5 per year. SO it takes 66 years before your electricity cost exceeds the purchase cost.
Or ~30 years if you use a raspberry pi to drive a single jalapeno.
At current prices, electricity cost is a non issue for these asics. If you have to worry about power consumption, it means you will never ever make a positive ROI on the purchase cost.
June 24, 2012, 09:37:01 AM
Only reason one will buy a so called coffee warmer aka Jalapeno is just for LULZ, This little thing can not pay for itself if you only have one.
If one Jalapeno can not pay for itself, how do you expect 10 to pay for themselves?
Because 1 Jalapeno + 1 PC that suck a assload of power is not as effective as 5 Jalapeno's + 1 PC tat sucks up assload of power.
June 24, 2012, 04:12:25 AM
Only reason one will buy a so called coffee warmer aka Jalapeno is just for LULZ, This little thing can not pay for itself if you only have one.
If one Jalapeno can not pay for itself, how do you expect 10 to pay for themselves?
June 24, 2012, 03:14:21 AM
Sorry, I must skip,,, ... something about Bicoinica.
June 23, 2012, 07:54:51 PM
I am going to take the popular advice and scrap this venture. I will be focusing on expanding Cognitive with SC rigs instead!
Thank you all for your support and criticism; I've learned a bit from this thread.
Cheers,
Garrett
https://bitcointalksearch.org/topic/starting-a-new-fpga-mining-farmcontract-cognitive-resurrected-onhavelock-67547
http://cognitivemining.com/
https://glbse.com/asset/view/COGNITIVE
Thank you all for your support and criticism; I've learned a bit from this thread.
Cheers,
Garrett
https://bitcointalksearch.org/topic/starting-a-new-fpga-mining-farmcontract-cognitive-resurrected-onhavelock-67547
http://cognitivemining.com/
https://glbse.com/asset/view/COGNITIVE
Too bad, thanks for trying though
June 23, 2012, 06:08:44 PM
I am going to take the popular advice and scrap this venture. I will be focusing on expanding Cognitive with SC rigs instead!
Thank you all for your support and criticism; I've learned a bit from this thread.
Cheers,
Garrett
https://bitcointalksearch.org/topic/starting-a-new-fpga-mining-farmcontract-cognitive-resurrected-onhavelock-67547
http://cognitivemining.com/
https://glbse.com/asset/view/COGNITIVE
Thank you all for your support and criticism; I've learned a bit from this thread.
Cheers,
Garrett
https://bitcointalksearch.org/topic/starting-a-new-fpga-mining-farmcontract-cognitive-resurrected-onhavelock-67547
http://cognitivemining.com/
https://glbse.com/asset/view/COGNITIVE
June 23, 2012, 05:02:08 PM
Only reason one will buy a so called coffee warmer aka Jalapeno is just for LULZ, This little thing can not pay for itself if you only have one.
But you can help secure the network and warm your coffee for almost no cost. Just for the LULZ, ya know?
I plan on buying a few coffee warmers. It's almost the same $/hash ratio as the single. No lulz about it.
Edit: Just glanced at the figures again. Guess the coffee warmer is a little more expensive. But, it should still prove to be a good investment. I have enough BTC for the coffee warmers but not enough that I'd want to throw down on a single yet. I really think that being able to get your name on the list quickly to be one of the first to receive the products is absolutely essential here to recoup the investment before the difficulty spikes.
June 23, 2012, 04:49:58 PM
You should probably scrap this, and just raise the money with COGNITIVE after you place an order for the SC single. Now granted I am old and maybe I cannot fathom the structure of these companies. Maybe, in the end, it is just me.
I am starting to agree with you on this. Mostly this was to raise short term funds to get a spot in line for a SC Single, whereas raising a motion for Cognitive will take a few days to turn out results.
I will see where this goes and make a decision later. All coins will be returned to their respective owners if I do decide against this venture.
June 23, 2012, 04:47:19 PM
What happens if you decide to liquidate the single sometime down the line? Will co-owners be given first option on purchase?
Yes, when liquidating the SC Single we will all meet through some medium of communication (IRC?), and one slot will entitle you to one vote in what is to be done. I will get one additional vote from the 10% management, so this way we have an odd number of votes (13).
In response to those concerned with diluting GLBSE share values:
To clarify my previous statement: It is possible that this venture might compete with Cognitive among other GLBSE assets, but even if it does, it will be an extremely shot term hindrance. It will only compete until all twelve slots are sold, then (because they are not publicly traded) there should be very little interference.
I am by no means going to ignore or mistreat other assets I maintain. I plan to raise a motion to issue more cognitive shares to upgrade the current Singles to SC Singles, and will do so after the current motion ends.
June 23, 2012, 04:00:55 PM
For those of you who are skeptical of my credibility:
Well, you cannot deny that starting a competing business is not quite fair.I mean: could one person be a CEO of Samsung, Microsoft, Google and Apple at the same time?
If that person started all of the companies, then yes, they very well could.
I don't plan on this competing with GLBSE assets, because it will be a more private one.
I'll be back in about an hour to answer further questions.
Garr, the issue here is if all of those companies were private wholly owned by an individual or company it would not be an issue.
The issue comes up with diluting shareholder value of Cognitive by starting up competing companies.
This isn't a company, it's a joint venture.
June 23, 2012, 03:58:37 PM
For those of you who are skeptical of my credibility:
Well, you cannot deny that starting a competing business is not quite fair.I mean: could one person be a CEO of Samsung, Microsoft, Google and Apple at the same time?
If that person started all of the companies, then yes, they very well could.
I don't plan on this competing with GLBSE assets, because it will be a more private one.
I'll be back in about an hour to answer further questions.
Garr, the issue here is if all of those companies were private wholly owned by an individual or company it would not be an issue.
The issue comes up with diluting shareholder value of Cognitive by starting up competing companies.
This isn't a company, it's a joint venture.
June 23, 2012, 03:54:22 PM
For those of you who are skeptical of my credibility:
Well, you cannot deny that starting a competing business is not quite fair.I mean: could one person be a CEO of Samsung, Microsoft, Google and Apple at the same time?
If that person started all of the companies, then yes, they very well could.
I don't plan on this competing with GLBSE assets, because it will be a more private one.
I'll be back in about an hour to answer further questions.
Garr, the issue here is if all of those companies were private wholly owned by an individual or company it would not be an issue.
The issue comes up with diluting shareholder value of Cognitive by starting up competing companies.
June 23, 2012, 03:54:00 PM
What happens if you decide to liquidate the single sometime down the line? Will co-owners be given first option on purchase?
I could be interested in this, with the necessary confidences.
I could be interested in this, with the necessary confidences.
June 23, 2012, 03:25:33 PM
So you have Cognitive, SYNERGY plus this posting. You can't afford a $1,299 single? Why the need to make up a new business name every few days? This seems like a whole lot of deception to me, even if its just to have multiple posting on the forum it seems lame to me.
Why the aggro ?
Everyone else is using one posting to advertise and backing the bonds in their own name.
June 23, 2012, 02:57:41 PM
Cup warmer: $149/3.5 Gh = $42.6/Gh
SC Single: $1299/40 Gh = $32.5/Gh
SC Min Rig: $29,899/1000 Gh = $29.9/Gh
The above is relevant to considering this group purchase. The savings for the SC Single over the cup warmer is significant, but you have to weigh that against the trust issue. Personally, I guess I'd go for the cup warmer, not because I don't trust the OP, but because I like to have hardware in-hand to play with and keep complete control over. Still, I think the OP has a good idea.
SC Single: $1299/40 Gh = $32.5/Gh
SC Min Rig: $29,899/1000 Gh = $29.9/Gh
The above is relevant to considering this group purchase. The savings for the SC Single over the cup warmer is significant, but you have to weigh that against the trust issue. Personally, I guess I'd go for the cup warmer, not because I don't trust the OP, but because I like to have hardware in-hand to play with and keep complete control over. Still, I think the OP has a good idea.
June 23, 2012, 02:51:10 PM
For those of you who are skeptical of my credibility:
Well, you cannot deny that starting a competing business is not quite fair.I mean: could one person be a CEO of Samsung, Microsoft, Google and Apple at the same time?
If that person started all of the companies, then yes, they very well could.
I don't plan on this competing with GLBSE assets, because it will be a more private one.
It's obvious that the more hashrate you make in the second business, the more profit you take away from the first one.
June 23, 2012, 02:49:13 PM
For those of you who are skeptical of my credibility:
Well, you cannot deny that starting a competing business is not quite fair.I mean: could one person be a CEO of Samsung, Microsoft, Google and Apple at the same time?
If that person started all of the companies, then yes, they very well could.
I don't plan on this competing with GLBSE assets, because it will be a more private one.
I'll be back in about an hour to answer further questions.
June 23, 2012, 02:45:56 PM
For those of you who are skeptical of my credibility:
Well, you cannot deny that starting a competing business is not quite fair.I mean: could one person be a CEO of Samsung, Microsoft, Google and Apple at the same time?
June 23, 2012, 02:43:38 PM
For those of you who are skeptical of my credibility:
This thread page is almost entirely people congratulating me on running Cognitive so well: https://bitcointalk.org/index.php?topic=67547.200
I've also done some large transactions with reputable members such as JWU42, alexmat, and rjk, just to name a few.
He is 16 or so... 1299$ was much money back then.
^ Indeed it is.
This thread page is almost entirely people congratulating me on running Cognitive so well: https://bitcointalk.org/index.php?topic=67547.200
I've also done some large transactions with reputable members such as JWU42, alexmat, and rjk, just to name a few.
What will you do with any remaining BTC if the usd-rate stays at 6.50 or rises further by the time the order is placed ?
Will the owners get a dividend ? Will you buy an extra hot-choco-warmer with it ?
I will repay remaining funds to the co-owners.Will the owners get a dividend ? Will you buy an extra hot-choco-warmer with it ?
So you have Cognitive, SYNERGY plus this posting. You can't afford a $1,299 single? Why the need to make up a new business name every few days? This seems like a whole lot of deception to me, even if its just to have multiple posting on the forum it seems lame to me.
He is 16 or so... 1299$ was much money back then.
^ Indeed it is.
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