FPGA Mining Contract - page 8. | Bitcointalksearch.org

mila

sr. member

Activity: 462

Merit: 250

Quote from: ZodiacDragon84 on February 20, 2012, 01:17:03 PM

Quote from: fizzisist on February 20, 2012, 03:24:10 AM

Dividend ...
A little later than usual because GLBSE was down this morning when I tried.

are we surprised? Undecided

i wish i had a few satoshi for every time glbse seems down for me ...
but otherwise it's great fun, experience and also the support is great (i needed it already)

ZodiacDragon84

sr. member

Activity: 266

Merit: 250

The king and the pawn go in the same box @ endgame

Quote from: fizzisist on February 20, 2012, 03:24:10 AM

Dividends have been paid for the week of 2/13/12!

Total paid to 6000 shares: 12.83166665 BTC
Dividend per share: 0.00213861 BTC

A little later than usual because GLBSE was down this morning when I tried. Sorry about that!

Cheers and Happy Mining!

are we surprised? Undecided

fizzisist

hero member

Activity: 720

Merit: 528

Dividends have been paid for the week of 2/13/12!

Total paid to 6000 shares: 12.83166665 BTC
Dividend per share: 0.00213861 BTC

A little later than usual because GLBSE was down this morning when I tried. Sorry about that!

Cheers and Happy Mining!

fizzisist

hero member

Activity: 720

Merit: 528

Yeah, it's true, FPGA.contract benefited as a whole by the move to the new software. I hadn't really thought of that.

Though, I did promise that I would stop using these 7 boards for development, when the rest of the batch arrived and I had spare boards here. But, we sold out(!) so the GLBSE boards are all I have. I also felt that I could have rushed to get them online more quickly, and saved maybe a day of mining, but it relieved some of the pressure once I had decided I would just make up the difference. The few BTC were well worth buying me some time while I got the new setup up to speed.

Thanks for all the positive words, and thanks to kakobrekla for upgrading contract.fpgamining.com with the new graphs and stats!

This week's dividends will be coming as soon as I get the books in order and make a deposit at GLBSE.

mila

sr. member

Activity: 462

Merit: 250

Quote from: molecular on February 17, 2012, 09:51:25 AM

Quote from: ?? on ??

Quote from: fizzisist on February 12, 2012, 05:05:18 PM

dividends have been paid for the week of 2/6/12
... chipped in 4 BTC of my own to bring our earnings back up to typical levels.

that was very generous from you. I'm surprised and thankful

I must agree, this is not "usual" and I would probably not do that myself. big karma bonus for fizzisist.

I stumbled upon the napkin with the math
total paid to 6000 shares: 13.73258085
where 4 come from fizzisist, thus rising the mining income
for that week by 40+ %

edit: the stats also look updated

The00Dustin

hero member

Activity: 807

Merit: 500

Quote from: ZodiacDragon84 on February 17, 2012, 09:08:58 PM

Quote from: The00Dustin on February 17, 2012, 09:06:40 PM

Indeed

Indeed
and thank you, satoshis are always welcome. Wink

I am going to shut up now, though, I've already made too much unnecessary noise in this topic.

ZodiacDragon84

sr. member

Activity: 266

Merit: 250

The king and the pawn go in the same box @ endgame

Quote from: The00Dustin on February 17, 2012, 09:06:40 PM

Indeed, as I said, I'm not even a current shareholder, so my opinion isn't of to omuch value anyway. I normally wouldn't have commented, but it seemed surprising to me that everyone was so surprised to be treated decently by someone they are effectively doing business with (again, assuming contract). But there's no reason to continue the discussion, pleased people are good whether they are customers or owners.

Indeed. Since you put up with my counter ramblings, a few satoshis you have earned.

The00Dustin

hero member

Activity: 807

Merit: 500

Indeed, as I said, I'm not even a current shareholder, so my opinion isn't of too much value anyway. I normally wouldn't have commented, but it seemed surprising to me that everyone was so surprised to be treated decently by someone they are effectively doing business with (again, assuming contract). But there's no reason to continue the discussion, pleased people are good whether they are customers or owners.

ZodiacDragon84

sr. member

Activity: 266

Merit: 250

The king and the pawn go in the same box @ endgame

by being "personal" benefit, does it not enrich us holders in the long-term? I am not here to make a quick buck on bitcoin. I am here to use the coins, and anything that helps make a few more coins in the future makes me happy. As you have said though, the point is now moot. Shall we go back to our respective corners and watch the coins roll in? Wink

The00Dustin

hero member

Activity: 807

Merit: 500

The contract is for mining. If you hire a contractor to build you a house and he decides to spend $1000 to install something that you didn't want that will save you $500 in 20 years (or perhaps just make your house prettier), are you going to want to pay for that? Even if it will save you $5000 in 20 years, you didn't ask for or approve it. Regardless of how well these numbers do or don't coincide with the downtime and potential gain (that was reimbursed anyway, making this entire discussion moot), my ~~entire original~~ second post (rather unclearly) revolved around this being a contract vs a company while the first one revolved around the testing being for personal benefit (which my second one acknowledged being a faulty assumption according to other posters in the thread).

ZodiacDragon84

sr. member

Activity: 266

Merit: 250

The king and the pawn go in the same box @ endgame

Quote from: The00Dustin on February 17, 2012, 10:48:56 AM

Then he was generous, but the testing should have been voted on (not that anyone in their right mind would vote against it).

Why? How many regular stocks on the NYSE payout dividends? How often is there a vote on matters considered day to day business? Testing and maintenance, in my opinion, would be considered day to day business.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: The00Dustin on February 17, 2012, 10:48:56 AM

Then he was generous, but the testing should have been voted on (not that anyone in their right mind would vote against it).

Right, because a corporation should never take an action without asking shareholders.

"Should I answer the phone?"

"Hold on, let me put it to a vote."

The00Dustin

hero member

Activity: 807

Merit: 500

Then he was generous, but the testing should have been voted on (not that anyone in their right mind would vote against it).

notme

legendary

Activity: 1904

Merit: 1002

Quote from: shad on February 17, 2012, 10:42:07 AM

i don't think that testing newer software is for personal benefit
newer software means better performance or stability

This... he was improving the mining setup.

shad

full member

Activity: 148

Merit: 100

i don't think that testing newer software is for personal benefit
newer software means better performance or stability

The00Dustin

hero member

Activity: 807

Merit: 500

The BTC could be considered a donation to a degree and was probably generous to a degree. However, if the testing was for fizzisist's benefit (and I believe it was) as opposed to being for the contract's benefit (I say contract instead of company because I haven't read the contract to be certain there is a company), then technically the testing should be billable since the contract is publicly held. IOW, as a sole proprietor, you can make your company do whatever you want, but if you borrow public company resources for your own use, those resources are be billable, and this makes (at least part of) his payment proper, while this is still upstanding and worthy of praise in our world (sadly cheating and stealing are more common and many wouldn't even feel they were doing either of those things), it isn't necessarily generous in that sense. I don't hold any shares of this contract, but my point is that if the testing were for personal benefit and the contract was not reimbursed accordingly, I wouldn't have any interest in holding shares in it. However, I suppose if fizzisist weren't outstanding he could have lied about the cause of the downtime and I would be none-the-wiser.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: ?? on ??

Quote from: fizzisist on February 12, 2012, 05:05:18 PM

Dividends have been paid for the week of 2/6/12!
As promised, I chipped in 4 BTC of my own to bring our earnings back up to typical levels.

that was very generous from you. I'm surprised and thankful

I must agree, this is not "usual" and I would probably not do that myself. big karma bonus for fizzisist.

kakobrekla

hero member

Activity: 714

Merit: 500

Psi laju, karavani prolaze.

Was no cable problem, but I fixed it anywayz. Also, URLs are now preety!

http://contract.fpgamining.com/statistics/

Enjoy refreshing!
kakobrekla

fizzisist

hero member

Activity: 720

Merit: 528

Dividends have been paid for the week of 2/6/12!

As promised, I chipped in 4 BTC of my own to bring our earnings back up to typical levels.

Total paid to 6000 shares: 13.73258085 BTC
Dividend per share: 0.00228876 BTC

Yes, I pay dividends every weekend. If I happen to be really busy it might come on a Monday, though... I do my best to keep it consistent!

Also, so everyone knows, the stats page shows everything as down right now, but we are in fact mining. With the recent switch over to new mining software (MPBM), I've done away with bitcoin-mining-proxy and wrote a new API to poll MPBM for stats directly. This should be more accurate, and yield more information. Everything should be in place now, but kakobrekla will need to modify the site for this change. It might take a couple days for him to get the time. I bet a little donation to him could speed this up, though! Wink

ZodiacDragon84

sr. member

Activity: 266

Merit: 250

The king and the pawn go in the same box @ endgame

Quote from: SaltySpitoon on February 12, 2012, 02:21:16 PM

Just kind of wondering, when are dividends paid? Is it just any day of the week, but normally a weekend? Not that I'm complaining or anything, just wondering. On a side note, I've been using my dividends to buy more stocks

I know the feeling! Cheesy

Topic: FPGA Mining Contract - page 8. (Read 38778 times)