FPGA Mining Contract - page 18. | Bitcointalksearch.org

Dexter770221

legendary

Activity: 1029

Merit: 1000

Quote from: molecular on November 04, 2011, 07:59:07 AM

That's basically a donation to the shareholders, right? Well, thanks a lot Dexter!

Yes, indeed. But I'm a shareholder too Wink

So, part of that will return too me. And imagine when all shareholders will do the same! It costs only 1$ per month (at least running my rig half a hour per day at 800MH/s) and dividends may double or even triple they value Wink

Not too mention that value of share may also go up. I know that I'm idealist but with some time it may be worth alot more that single $ per month... Many says that they will mine just for support of bitcoin even with loss. Loss of 1$ per moth is just a one beer less, I think I will live without one beer Wink

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Dexter770221 on November 04, 2011, 03:11:13 AM

Question.
If I will mine on Eligius to 1FPGA... address earnings will automaticly come to you? I want to support and 30min of hashing power per day cost me only 1$ per month, so why not Wink

That's basically a donation to the shareholders, right? Well, thanks a lot Dexter!

fizzisist

hero member

Activity: 720

Merit: 528

Quote from: Dexter770221 on November 04, 2011, 03:11:13 AM

Question.
If I will mine on Eligius to 1FPGA... address earnings will automaticly come to you? I want to support and 30min of hashing power per day cost me only 1$ per month, so why not Wink

Absolutely, and the payouts will all be distributed to shareholders. Thanks for the support!

Dexter770221

legendary

Activity: 1029

Merit: 1000

Question.
If I will mine on Eligius to 1FPGA... address earnings will automaticly come to you? I want to support and 30min of hashing power per day cost me only 1$ per month, so why not Wink

fizzisist

hero member

Activity: 720

Merit: 528

Dividends have been paid for the week of 10/24!

Earnings for the week totaled 3.2514542 BTC, which has been distributed to shareholders. This means a dividend of 0.000541909 BTC/share.

Current holdings:

After the IPO and the additional share issue, I tallied up the total raised. We now hold $3832 and 59.5 BTC, or about $4000 total. I will get this turned into some more FPGA boards ASAP! See the planned timeline here.

Eveofwar

sr. member

Activity: 406

Merit: 250

Bought some shares here. Let's get this farm up and running Cheesy

Any plans for Cacti stats ? I know Luke-Jr's pool is back up, hopefully you've registered your address for NMC ? The extra NMC could be kept and sold depending on the market rate, or sold on the spot.

fizzisist

hero member

Activity: 720

Merit: 528

Quote from: Vanderbleek on October 30, 2011, 04:35:48 PM

Quote from: ?? on ??

Quote from: fizzisist on October 27, 2011, 05:10:35 PM

Or do you mean the electricity costs? At the current difficulty, it should be around $0.35/BTC.

Wow, that is realy low, right? I though people were saying it costs like $3/BTC?

I believe low running costs is the primary benefit of FPGAs.

Yep, and with the latest difficulty, it just dropped to $0.291 per BTC.

Vanderbleek

sr. member

Activity: 518

Merit: 250

Quote from: ?? on ??

Quote from: fizzisist on October 27, 2011, 05:10:35 PM

Quote from: EskimoBob on October 27, 2011, 05:07:37 AM

What is the price for a one BTC mined in this contract.

Or do you mean the electricity costs? At the current difficulty, it should be around $0.35/BTC.

Wow, that is realy low, right? I though people were saying it costs like $3/BTC?

I believe low running costs is the primary benefit of FPGAs.

dmcurser

hero member

Activity: 502

Merit: 500

so what kinda time fram befor all the fpgas are up and running?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ArsenShnurkov on October 28, 2011, 03:00:30 AM

Quote from: zapeta on October 28, 2011, 01:21:41 AM

Ugh, how did I miss this post...*rage*

You just need to ask, how many FPGA-s can be connected (what are power constraints and how many USB-ports remains free).
After that it will be possible to raise a new motion to add few more FPGA-s, i think

Maybe it makes more sense to issue new shares at market price, or at least a little higher.

ArsenShnurkov

legendary

Activity: 1386

Merit: 1000

Quote from: zapeta on October 28, 2011, 01:21:41 AM

Ugh, how did I miss this post...*rage*

You just need to ask, how many FPGA-s can be connected (what are power constraints and how many USB-ports remains free).
After that it will be possible to raise a new motion to add few more FPGA-s, i think

zapeta

full member

Activity: 180

Merit: 100

Quote from: fizzisist on October 26, 2011, 07:22:23 PM

The tally on the motion is 4871 yeas to 315 nays. This is 94.3% of shares voting, so I would consider this motion passed. For it to be blocked, the 404 remaining shares would need to vote nay, and 1115 yea shares would need to switch their vote to nay.

The price per share will be 0.26 BTC. This is the weighted average for the last 100 trades, rounded down to a nice number.

Also, I forgot to mention in the motion that I was supposed to reserve 10% of shares to cover operational costs. So, these will be a freebie, and the 500 reserved shares will then account for only 8.3% of the total shares.

The shares have been issued. Get 'em while their hot!

Ugh, how did I miss this post...*rage*

molecular

donator

Activity: 2772

Merit: 1019

Quote from: jduck1987 on October 27, 2011, 07:53:25 PM

They were issued for .26 and all of them were bought within a day, the orders you now see are not from the IPO.

allright, I see the post now. Sorry, didn't see it before. Thanks for clarifying.

jduck1987

member

Activity: 81

Merit: 10

Quote from: molecular on October 27, 2011, 07:49:59 PM

Quote from: dmcurser on October 26, 2011, 03:14:17 PM

well on another not looks like a share is going for .3 i wounder what it will be in another week i think if it got to like .5 a share that would be a good time to release the 500 new shares we wanted to release.

I'm confused. Did you issue the 500? It seems so, since the number of shares jumped from 5500 to 6000.

It also seems you issued them for 0.4 BTC/share and 50 are left to be bought?

They were issued for .26 and all of them were bought within a day, the orders you now see are not from the IPO.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: dmcurser on October 26, 2011, 03:14:17 PM

well on another not looks like a share is going for .3 i wounder what it will be in another week i think if it got to like .5 a share that would be a good time to release the 500 new shares we wanted to release.

I'm confused. Did you issue the 500? It seems so, since the number of shares jumped from 5500 to 6000.

It also seems you issued them for 0.4 BTC/share and 50 are left to be bought?

fizzisist

hero member

Activity: 720

Merit: 528

Quote from: EskimoBob on October 27, 2011, 05:07:37 AM

What is the price for a one BTC mined in this contract.

Interesting question, but I'm not exactly sure how to answer it. Do you mean what is the $/MH cost of the mining hardware? Assuming each board gets 250 MH/s (it should get at least that) and each board is $545 (special deal only through this contract), the system will be cost $2.18/MH/s.

Or do you mean the electricity costs? At the current difficulty, it should be around $0.35/BTC. To keep things really simple, I won't be subtracting this from the revenue. All revenue goes straight to shareholders, although I reserved 8.3% of shares for myself so that the dividends I get should roughly cover the electricity costs.

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: zapeta on October 23, 2011, 10:19:54 AM

Quote from: EskimoBob on October 23, 2011, 10:17:02 AM

What is the current cost per BTC in this adventure?

0.25 BTC per share.

You misunderstood my question.
What is the price for a one BTC mined in this contract.

fizzisist

hero member

Activity: 720

Merit: 528

The tally on the motion is 4871 yeas to 315 nays. This is 94.3% of shares voting, so I would consider this motion passed. For it to be blocked, the 404 remaining shares would need to vote nay, and 1115 yea shares would need to switch their vote to nay.

The price per share will be 0.26 BTC. This is the weighted average for the last 100 trades, rounded down to a nice number.

Also, I forgot to mention in the motion that I was supposed to reserve 10% of shares to cover operational costs. So, these will be a freebie, and the 500 reserved shares will then account for only 8.3% of the total shares.

The shares have been issued. Get 'em while their hot!

dmcurser

hero member

Activity: 502

Merit: 500

well on another not looks like a share is going for .3 i wounder what it will be in another week i think if it got to like .5 a share that would be a good time to release the 500 new shares we wanted to release.

m3sSh3aD

sr. member

Activity: 322

Merit: 250

Quote from: shakaru on October 26, 2011, 12:53:58 PM

Quote from: Dexter770221 on October 26, 2011, 08:18:49 AM

We have been discuss this in another topic. This chip costs 30.000$ So, propably we will never see it in our whole life Wink

Has anyone considered forming a research group as a non-profit and ask for some chip sample of some hardware?
The rules are pretty simple and easy. Basically, we cant use the chip its self in a item for sale. We can however use that chip in the design or a demo unit to show and test applications. Detailed information regarding the projects using donated and sample hardware would have to be detailed, but would totally be worth it.

Companies will give out products like this. 3M over years has sent boxes to my door without even letting me know what it is until I open it and find its a resistor kit with some advancement, or sheets of polycarb with only a paper saying thank you and not to resell.

I have workshop commcial space in Southern California near LAX, if anyone is interested in building a hardware building club related to FPGA and other hash/bitcoin based hardware, I would be willing to provide the work/meeting spot.

Otherside of pond Sad

Topic: FPGA Mining Contract - page 18. (Read 38809 times)