Topic: Diablo Mining Company - page 47. (Read 96370 times)

Update: I've moved the remaining 136 BTC into split Giga/Bitbond.

I've been talking to a few people who shall remain nameless, and 28nm miner products should be coming out in the next 2-3 months, and it would basically be a waste to order 2-3 BFL singles now when 28nm could be much cheaper per mh.

Current holdings: 79 shares of Gigamining @ 1.51, 179 shares of Bitbond @ 0.655

Not exactly where I wanted to go with this, but its better than leaving the money sit idle.

Update:

235 shares sold thus far.

Its going to take awhile for mining hardware to get here once, so I've bought 50btc worth of Bitbond (76 shares) and 50btc of Gigamining (33 shares) as a short term stand in. Leaves me approximately enough to buy a BFL single to evaluate BFL products.

Yeah.. I'd have gone with a smaller initial IPO, get something hashing and use that to snowball your growth. Would also let you potentially pull in more BTC if the value per share increased between releasing chunks of shares. Regardless, watching intently and curious what/when your first move will be.

At that rate, it'll take less than two years!

Congratulations nonetheless.

We're slightly past the 12 hour mark, and 232 sold already.

The volume killed the server 

I am now a shareholder!

And glbse goes down!

5 sold already! Only 199995 to go.

The day everyone has been waiting for is here: You can now buy shares of DMC!

https://glbse.com/asset/view/DMC

Hurry up before they're all gone!

You just type the numbers into the calculator. The only thing manual is peak profit, where you keep adding months to the calculator until the "Net profit first time frame" field starts going down instead of up (this is where diff+electricity prices cross from profitable into unprofitable).

Those numbers don't completely apply to DMC because if we pay nothing for power prices, there is no peak profit, it just slows down over long periods of time.

Interesting calculations here, but I don't think I understand how you came about all of it. What exactly do you mean by "peak profit," and how is that calculated? Apparently you are making some predictions about profitability, but I'm not sure exactly what those are.

Just as a reminder, you can pre-bid on GLBSE shares before the IPO opens. Someone seems to already has a share with his name on it.

If you're looking to make you own boards, I have a contact in hardware manufacturing. He uses Honduras as opposed to Asia. Best morals vs. price in exploiting 3rd worlders.

If someone can list out the components, and process, I could maybe get an estimate? I don't know enough about hardware to ask the right questions.

Yeah, thats the thing. Doing that is rather expensive and time consuming, and I'd actually rather just pay Ztex their profit margin to get their expertise on getting this done.

I would be much happier if I could source these parts from multiple sources, such as half BFL half somebody else. But Ztex would have to make me one hell of a good deal for me to consider them.

Plus, BTW, none of these numbers include upcoming 28nm FPGAs and theres at least 3 companies working on that. If someone can get me 28nm FPGAs at 1.64 mh/$ or better, they will suddenly find themselves on my list.

You'd have to discuss the cost of a licensed run with Ztex, but it might be possible to get it down a lot in cost that way, since you can source your own parts from your own vendors and have it built wherever you want. I know the user "antirack" has done a licensed run, but I'm not sure what kind of cost was involved. I believe he is somewhere in Asia, perhaps China.

The only problem is that you would need a lot of upfront capital to get started, and would have to know where to get parts and get them assembled.

Those numbers were done specifically with no bulk ordering discounts, I originally did that math for a different thread that was comparing it for small time miners. So, hey, lets do the math using that calculator, so the comparison continues to make sense, and lets compare the best bulk deal they have listed vs what we'd need:

ZTEX 1.15y in 50 bulk is 850 mhash @ 38 watts for $950, 0.89 mh/$, 22.36 mh/w
1.15y in 50 bulk's peak profit is at 57 months at $143.39, or a 15% profit.

Now, lets say ZTEX would offer me even better bulk prices than that because I'd be buying quite a few:
ZTEX 1.15y DMC Edition is 850 mhash @ 38 watts for $516, 1.64 mh/$, 22.36 mh/w
1.15y DMC edition's peak profit is at 57 months at $766.93, or a 148% profit.

Similarly, that new Enterpoint Cairnsmore1 would have to be sold in the low $500s for it to compete with BFL.

update my small post :-)

So you decided to go with an option that is too high for ~3/4 of the voters in the poll... interesting! Why not put in a "100m BTC" option too, so your average goes up to the 1 million that you initially wanted?

Also: Why 100000 shares with 1 BTC and not 1 million shares with 0.1 BTC each or even 10m for 1 Bitcent? Would surely help to get more liquidity, as it's easier to (re)invest from dividends you get on GLBSE. Now you could still change it before the IPO - afterwards, I'm surely not going to invest a handful of Bitcoins in this. A few Bitcents just for the fun of it or to "use up" my dividend-bitdust however...

This project is going to be interesting ... but 200kBTC is probably too much ...
I see BTC-Mining trying to get only 10kBTC and because everyone waits with investment to not leave the money idle ... it doesn't sell a lot ... neither after the temporary dividend "subsidy" ...
I guess you are going to have difficult time to lure in the early investors

change zetx please to lower price if you compare it with the rig box you can purchase 25+ price ztex = 719€ * 1,3 = 934$ + shipping = under 1000$ for US citizens.
So profit after 60 month is 285$

and don't forget the warrenty. and if you want to invest about half a million. ask ztex for licence production for own use so it is possible to get much better prices for you :-)

just a new calculation if you produce your own zetx in licence with a possible priceper quad 650$ (the same like the uk said for self costs price):

25GH/s = 29.4 quads = 30 quads = 25.5 GH/s (30 x 850MH/s) = 30*650$ = 19500$ as compare for the 15295$ (+ vat, ...) for the bfl.
electricy is 30 * 38W = 1140W + a computer or what you ever need we just calculate with 1250W like the bfl.

If we said you produce 500 quad fpga's: 500* 650$ = 325000$ and 20.83 KW/h (= 500 KW per day with your electricy it is about 52$) for an easy calculation we say 2 quads (1.7 GH/s) are 1 BTC per Day (dif increase if you have so much hasing power) so there are 250 BTC a day = 250 * 5$ = 1250$ - 52$ power consumption (okay let it take easy again) 1200$ per day profit. = 1200$ * 30 = 36000$ a month.

So calculated complet: 325000$ invest for 1200$ profit a day are 210 days for roi or about 9 months (okay we do not calculate the half block, but it is possible to get the roi in 1 year).

So what you say for this?