DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today - page 3.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: nwfella on June 29, 2014, 12:45:06 PM

Quote from: superresistant on June 24, 2014, 08:39:22 AM

Quote from: gnomicide on June 24, 2014, 08:34:08 AM

Were there actually plans of selling off the hardware at some point? I don't remember that part.

ASIC hardware is made to be sold to noobs when it's not more profitable.
I'm waiting for the admin to reply to my mail.
I'm not worrying too much. We can either switch to more GPU mining or buy new hardware.

Well, that makes one of us anyway :p
OP fella hasn't even been logged into his account since April 9th :/
Also, I sent an e-mail to them about a week and a half ago regarding future direction and to ask an opinion on GPU settings but no response

He replied to me recently.
He said that he'll check about GPU mining and think about selling the ASIC to invest in different hardware.

Diff jump was a bit less than expected : 24.9%. We'll see how things goes.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: superresistant on June 24, 2014, 08:39:22 AM

Quote from: gnomicide on June 24, 2014, 08:34:08 AM

Were there actually plans of selling off the hardware at some point? I don't remember that part.

ASIC hardware is made to be sold to noobs when it's not more profitable.

I'm waiting for the admin to reply to my mail.

I'm not worrying too much. We can either switch to more GPU mining or buy new hardware.

Well, that makes one of us anyway :p

OP fella hasn't even been logged into his account since April 9th :/

Also, I sent an e-mail to them about a week and a half ago regarding future direction and to ask an opinion on GPU settings but no response

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: gnomicide on June 24, 2014, 08:34:08 AM

Were there actually plans of selling off the hardware at some point? I don't remember that part.

ASIC hardware is made to be sold to noobs when it's not more profitable.

I'm waiting for the admin to reply to my mail.

I'm not worrying too much. We can either switch to more GPU mining or buy new hardware.

gnomicide

full member

Activity: 122

Merit: 100

Were there actually plans of selling off the hardware at some point? I don't remember that part.

Triffin

sr. member

Activity: 952

Merit: 251

Ideas ??

Keep mining until the end of July then ..
Sell all the hardware and distribute the proceeds to the shareholders ..
Gray takes a well deserved vacation ..

Triff ..

vm_mpn

hero member

Activity: 605

Merit: 500

Looks like difficulty will be jumping up another 30% in a week... Does not look like additional 7TH will do us much good for any longer.... What else you guys got in your idea sleeves?

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Looking like the dividends are picking up a little bit as a result of the last Dragon Miner he added at least.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: vm_mpn on June 20, 2014, 08:53:58 PM

So why exactly this miner rev. runs hotter and consumes more? different chips?

No no, it's all the same components except the manufacturer removed the small LCD screen that wasn't useful and put a different PSU.
The difference is really small. It doesn't matter too much as ASIC hardware become obsolete before it break.
We've got to mine the hell out of it and try to resell it on eBay later.

vm_mpn

hero member

Activity: 605

Merit: 500

So why exactly this miner rev. runs hotter and consumes more? different chips?

gnomicide

full member

Activity: 122

Merit: 100

Nice new pics of the hardware!

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: ajw7989 on June 16, 2014, 09:52:56 PM

7 1th dragon miners were bought so hopefully the dividends should start increasing in a week or so and with that the price per share.

That's great news.

ajw7989

legendary

Activity: 924

Merit: 1000

7 1th dragon miners were bought so hopefully the dividends should start increasing in a week or so and with that the price per share.

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: vm_mpn on June 12, 2014, 01:05:24 AM

Well, yes S, my point exactly... I would prefer smaller dividends in exchange for a long-term profitable mining operation.

I prefer the way it is because a non-profitable mining group is still non-profitable if you reduce dividend. I mean it doesn't change the issue.
Calculation are easier like this. You get some of your money back very quick and you can chose to re-invest or withdraw.
BTW : no all money has been invested and Gray has proven to be competent at managing risk, bargain manufacturer, setting up hardware, make calculation and estimate.
This is really exceptional. The drawback is that he doesn't speak English well and do not care much about communication.
I'm fine with that.

Quote from: vm_mpn on June 12, 2014, 01:05:24 AM

By the way came across this CoinDesk article about new ~6TH miners in the pipeline: http://www.coindesk.com/details-spondoolies-tech-new-bitcoin-mining-asic-leaked-online/

Impressive hardware as always when they make announcement.
Expect late delivery as usual and huge difficulty increase in the meantime.

I have experience in investing in pre-order new hardware (KNC, Cointerra, ...) and I can tell that it result 2/3 of the time in a loss.
It can result in 98% loss in the case of an incompetent mining group admin (see Garrett from Cognitive).

vm_mpn

hero member

Activity: 605

Merit: 500

Well, yes S, my point exactly... I would prefer smaller dividends in exchange for a long-term profitable mining operation.

By the way came across this CoinDesk article about new ~6TH miners in the pipeline: http://www.coindesk.com/details-spondoolies-tech-new-bitcoin-mining-asic-leaked-online/

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: vm_mpn on June 11, 2014, 01:52:45 PM

You will not like what I'm about to say but hear me out please:

Most mining stocks now days are set to pay our 75 - 80% in dividends which is not sustainable considering constantly increasing difficulty and cost of expansion to stay vital in the mining business long-term. After initial hardware purchase and solid first few month of dividends things go downhill and virtually every mining co. ends up facing shortage of funds and limited buying options... BSVM would be a perfect example of honest folks doing bad math and ending up begging for new investors to get in just in time to be able to use equipment discount coupon.
COINFARM:
After electricity costs have been factored in, 85% of the remaining profits will be distributed to investors. The remaining 15% will be used to reinvest in equipment and facility maintenance. This will ensure computing power is continuously upgraded while decreasing mining difficulty.
I believe dividends should be closer to 50/50 where half of the dividends can be put aside for maintenance, electricity and continuously expanding operation, and other half paid to shareholders... Otherwise we are faced with constant dilution of shares through new offerings or investor fire-sales.
Sorry, this is just my humble opinion, and unpleasant one to consider.

Well, the shares price go down as the hardware lose value.
You can say it, it's not a secret.
All shares price goes down to zero. That's true.

There is two solutions to maintain the price longer :

- Lower the paid dividend and use the rest for re-investing in new hardware.
- Dilute the shares with additional IPO

vm_mpn

hero member

Activity: 605

Merit: 500

You will not like what I'm about to say but hear me out please:

Most mining stocks now days are set to pay our 75 - 80% in dividends which is not sustainable considering constantly increasing difficulty and cost of expansion to stay vital in the mining business long-term. After initial hardware purchase and solid first few month of dividends things go downhill and virtually every mining co. ends up facing shortage of funds and limited buying options... BSVM would be a perfect example of honest folks doing bad math and ending up begging for new investors to get in just in time to be able to use equipment discount coupon.

COINFARM:
After electricity costs have been factored in, 85% of the remaining profits will be distributed to investors. The remaining 15% will be used to reinvest in equipment and facility maintenance. This will ensure computing power is continuously upgraded while decreasing mining difficulty.

I believe dividends should be closer to 50/50 where half of the dividends can be put aside for maintenance, electricity and continuously expanding operation, and other half paid to shareholders... Otherwise we are faced with constant dilution of shares through new offerings or investor fire-sales.

Sorry, this is just my humble opinion, and unpleasant one to consider.

crackerhead

sr. member

Activity: 252

Merit: 251

My Head is a Ritz

Quote from: superresistant on June 11, 2014, 05:28:41 AM

Quote from: crackerhead on June 11, 2014, 05:19:53 AM

Any discussion of putting the shares on something like Nxt Asset Exchange?

Gray is studying this possibility. Before making the decision he must understand the Nxt Asset Exchange and it takes some time because it is complex (and English is not his native language).
For me that's one of the best choice. We'll no more worry about security. It is impossible to take down or steal an asset.

Glad to hear that he's looking into that. It would be great to not have to check out my shares every-so-often just because I'm worried they might have "disappeared".

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: crackerhead on June 11, 2014, 05:19:53 AM

Any discussion of putting the shares on something like Nxt Asset Exchange?

Gray is studying this possibility. Before making the decision he must understand the Nxt Asset Exchange and it takes some time because it is complex (and English is not his native language).
For me that's one of the best choice. We'll no more worry about security. It is impossible to take down or steal an asset.

crackerhead

sr. member

Activity: 252

Merit: 251

My Head is a Ritz

Quote from: superresistant on June 11, 2014, 04:36:12 AM

Quote from: ajw7989 on June 10, 2014, 04:55:26 PM

I think some of the funds need to be invested into something soon or everyone is going to sell off. Once the dividends go below 1000 I have a bad feeling people are going to get nervous.

It is great that they sell. We can buy more shares for ridiculous small prices. It doesn't change anything regarding the investment. Gray already got the money so it is only between us.

Gray asked us to reveal our mail addresses so he keeps a tracks of what we have. If CS get down, the group and the shares still exit Wink

Quote

Yes, we will get more miner after next week, I'm waiting they adjust price, current price is too high. We will get 5-15t next few weeks.
Gray

Good news indeed.

Any discussion of putting the shares on something like Nxt Asset Exchange?

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: ajw7989 on June 10, 2014, 04:55:26 PM

I think some of the funds need to be invested into something soon or everyone is going to sell off. Once the dividends go below 1000 I have a bad feeling people are going to get nervous.

It is great that they sell. We can buy more shares for ridiculous small prices. It doesn't change anything regarding the investment. Gray already got the money so it is only between us.

Gray asked us to reveal our mail addresses so he keeps a tracks of what we have. If CS get down, the group and the shares still exit Wink

Quote

Yes, we will get more miner after next week, I'm waiting they adjust price, current price is too high. We will get 5-15t next few weeks.
Gray

Good news indeed.

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