Would it make sense to stop bitcoin mining and go for litecoin?
Maybe this can help:
https://github.com/kramble/FPGA-Litecoin-Miner
Topic: FPGA Mining Contract (Read 38737 times)
We're still mining, but it's definitely getting close to the "not-worth-it" point. One issue is that each payment needs to be over 0.00005430 BTC for the client to send it, and with the shares spread out over so many people, the payment per account is tiny until it has been mining for months. I made a payment today almost 3 months since the last one and there will still some accounts that were under that limit. I had to manually remove those and will need to carry over the unpaid earnings for the next payment... an extra pain in the neck for me.
So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?
Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0
So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?
Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0
Thanks for the update. Sounds like a reasonable plan. It might be nice to update this thread about once a month or so if it's not too much trouble, just to keep in contact.
ping. how's it going fizz?
I talked to a guy a few days ago who is creating a sCrypt bitstream for the x6500s which will be finished in a few weeks. It may or may not be more profitable than mining btc on them, but keep your eyes open for that 
Did you ever hear anything more about that? If we could get a scrypt bitstream running and point the miners at middlecoin or something that automatically converts the proceeds to BTC, we'd mine much more than we ever will just mining BTC.
I haven't, I'll ping him again.
We're still mining, but it's definitely getting close to the "not-worth-it" point. One issue is that each payment needs to be over 0.00005430 BTC for the client to send it, and with the shares spread out over so many people, the payment per account is tiny until it has been mining for months. I made a payment today almost 3 months since the last one and there will still some accounts that were under that limit. I had to manually remove those and will need to carry over the unpaid earnings for the next payment... an extra pain in the neck for me.
So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?
Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0
So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?
Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0
Thanks for the update. Sounds like a reasonable plan. It might be nice to update this thread about once a month or so if it's not too much trouble, just to keep in contact.
I talked to a guy a few days ago who is creating a sCrypt bitstream for the x6500s which will be finished in a few weeks. It may or may not be more profitable than mining btc on them, but keep your eyes open for that
Sell those obsolete FPGA's and buy some ASIC hardware. Based on bitfury chips for example. Reinvest 10% of dividends and we all be happy 
We're still mining, but it's definitely getting close to the "not-worth-it" point. One issue is that each payment needs to be over 0.00005430 BTC for the client to send it, and with the shares spread out over so many people, the payment per account is tiny until it has been mining for months. I made a payment today almost 3 months since the last one and there will still some accounts that were under that limit. I had to manually remove those and will need to carry over the unpaid earnings for the next payment... an extra pain in the neck for me.
So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?
Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0
So, my plan at the moment is to just continue letting the FPGAs do their thing, and checking on the earnings occasionally. When it's enough for the majority of shareholders to receive a payment, I'll make one. I'll keep an eye on the difficulty/price ratio and not mine when the cost of power outweighs the earnings. At that point, we should discuss selling the boards off. Thoughts on that plan?
Today's payment txid: 986d9a5048e9b29ed4af96c3868f981955e645b9529c3ff93e511751480a91b0
There haven't been any payouts anymore for a long time.
And the official homepage does not exist anymore.
Has this contract been canceled without notice?
And the official homepage does not exist anymore.
Has this contract been canceled without notice?
Probably makes sense to cancel it, what with the hashrate being what it is. That said, a proper winddown and final payout would be nice. Not sure if there's any money to be gained by liquidating the cards, but that might be a nice gesture too.
There haven't been any payouts anymore for a long time.
And the official homepage does not exist anymore.
Has this contract been canceled without notice?
And the official homepage does not exist anymore.
Has this contract been canceled without notice?
Nudge.
Nice 
Payment time:
txid: 2487f5d874a344c4c77f3578634c6e659b52f18213f369e6b8d37a9b015dbab1
txid: 2487f5d874a344c4c77f3578634c6e659b52f18213f369e6b8d37a9b015dbab1
And, another payment:
txid: 05096425978646edb4adf6ff176eea2aa9dfd7defa18891fa77c93cc8e941af2
txid: 05096425978646edb4adf6ff176eea2aa9dfd7defa18891fa77c93cc8e941af2
Another payment!
159574c5c5919a15cea9c1e1aa860e2aca3f9706e05c7a2fa0c0e12e42c053f6
159574c5c5919a15cea9c1e1aa860e2aca3f9706e05c7a2fa0c0e12e42c053f6
Nice to see another satoshi in wallet....
It's been waaaay too long since my last dividend payment. Very sorry about that, folks. Here's the latest one:
https://blockchain.info/tx/f03e3fdcc32a47a28a5a1bc697573fc76a35d771f1d0696d3b626345b6372b58
https://blockchain.info/tx/f03e3fdcc32a47a28a5a1bc697573fc76a35d771f1d0696d3b626345b6372b58
Great !
woot! who needs asics when you got fpga revenues 
More payments!
Another user finally got in touch with me with their address so I made a back pay payment:
00f8180836c0e62e1570fa0aff9ef97a2249067c8f72360fb94dd54646706b97
After that I made a general dividend payment:
380d59311e237891e5aa0d870591c6867ac3b4f72c939029a8e08bcc9f58f669
Another user finally got in touch with me with their address so I made a back pay payment:
00f8180836c0e62e1570fa0aff9ef97a2249067c8f72360fb94dd54646706b97
After that I made a general dividend payment:
380d59311e237891e5aa0d870591c6867ac3b4f72c939029a8e08bcc9f58f669
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