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Topic: Gigamining / Teramining (Read 216477 times)

vip
Activity: 1358
Merit: 1000
AKA: gigavps
October 09, 2014, 08:48:40 PM
An update requested from James as mining becomes less of an option, but the funds invested have been profitably traded and investors were at the least guaranteed to get their BTC back, now the USD value has fallen so much then maybe this would be a good time to honor that pledge.

Work is in progress to make BTC with the least amount of risk. An update will come via email when more is in place.

Until then, I've locked the thread as any communication will come via email.

If anyone needs to email me, you know how to find me.
donator
Activity: 3136
Merit: 1167
October 09, 2014, 08:04:55 PM
An update requested from James as mining becomes less of an option, but the funds invested have been profitably traded and investors were at the least guaranteed to get their BTC back, now the USD value has fallen so much then maybe this would be a good time to honor that pledge.
newbie
Activity: 1
Merit: 0
August 28, 2014, 06:00:45 AM
7/14 - 97.87% of PPS
7/21 - 89.92% of PPS
7/28 - 155.12% of PPS

Diff period 16,818,461,371 - 98.44% of PPS
Diff period 17,336,316,979 - 101.78% of PPS

FREE Teramining contracts have been paid their final payment and the contracts have been ended.

PAID Teramining contracts will continue to receive payouts once we receive more equipment. VPS has liquidated all hashing power until our next set of equipment arrives so there will be no payouts until this equipment arrives and is setup.

Best,
James

How things are going on currently regarding paid Teramining?
vip
Activity: 1358
Merit: 1000
AKA: gigavps
July 29, 2014, 02:23:29 PM
7/14 - 97.87% of PPS
7/21 - 89.92% of PPS
7/28 - 155.12% of PPS

Diff period 16,818,461,371 - 98.44% of PPS
Diff period 17,336,316,979 - 101.78% of PPS

FREE Teramining contracts have been paid their final payment and the contracts have been ended.

PAID Teramining contracts will continue to receive payouts once we receive more equipment. VPS has liquidated all hashing power until our next set of equipment arrives so there will be no payouts until this equipment arrives and is setup.

Best,
James
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
July 28, 2014, 07:27:14 PM
Nice anniversary present - congratulations.

BTW: BurtW led me to some of that new data. It was scary.
legendary
Activity: 2646
Merit: 1138
All paid signature campaigns should be banned.
July 28, 2014, 06:49:59 PM
Congrats!!

Hey, they do know what causes children nowdays, in case you have enough of them now, you can use Google to find out...
member
Activity: 74
Merit: 10
July 28, 2014, 12:16:05 PM
I just noticed the payment hadn't come through yet. I figured you posted a reason, as you have the couple of times it's been delayed in the past. That's a pretty good reason. Congratulations!
vip
Activity: 1358
Merit: 1000
AKA: gigavps
July 28, 2014, 08:42:47 AM
Payments will be delayed due to my daughter arriving on my wedding anniversary. Baby and Mommy are fine, my wife's labor was under two hours, what a rockstar. Shocked

It will probably take me a day or two to get out cold storage as the rest of the team is traveling. Thanks for understanding.

Best,
James
hero member
Activity: 547
Merit: 531
First bits: 12good
July 08, 2014, 05:51:00 PM
I have made a promise to those who have stuck by me that Teramining would be profitable in BTC, and it will continue until I have fulfilled that promise. How long is that, I don't know.

Due to the need to serve paid Teramining upgrades, all free upgrades to Teramining will be ended after Monday, June 28th, 2014.

IMO this decision is correct, the paid upgrade was not that profitable at all...

According to my calculations paid upgrade didn't pay for itself only not to count the free path, ATM it's about 59% ROI in other words if you paid 10 BTC for the paid upgrade, you earned a total of ~5.9 BTC until this day. In comparison if you paid 0 BTC for the free upgrade, you earned around 1.57 BTC for the same amount of gigamining shares upgraded.

The next diff raise will not be so dramatic so lets hope that things will settle down for a while and the paid upgrade at least pay for itself and catch the free upgrade path.

P.S.
===
James what do you mean here:
Teramining will remain 24% of whatever VPS runs.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
July 08, 2014, 03:46:04 PM
An email has gone out to all free upgrades to Teramining detailing the end of the contract and pointing them to this thread.
sr. member
Activity: 411
Merit: 250
July 08, 2014, 09:16:23 AM
6/30 - 113.63% of PPS
7/7 - 94.35% of PPS

diff period 13,462,580,115 - 104.36% of PPS

month of June - 103.48% of PPS

Due to the need to serve paid Teramining upgrades, all free upgrades to Teramining will be ended after Monday, June 28th, 2014.

I've gone above and beyond all contract terms including extending the term and increasing the hash rate of Teramining by more than 38 times.

I am open to discussion about this, but any inflammatory posts will cause the thread to be locked as the thread is not self moderated.

Please be civil and I will answer questions to the best of my ability.

You've been great throughout the entire thing, the problems with...I don't even remember the securities platform's name now! Thank you very much.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
July 07, 2014, 04:49:07 PM
Any chance to get invited? or buy someones position?

No.
full member
Activity: 129
Merit: 100
July 07, 2014, 04:48:28 PM
Any chance to get invited? or buy someones position?
vip
Activity: 1358
Merit: 1000
AKA: gigavps
July 07, 2014, 04:43:52 PM
6/30 - 113.63% of PPS
7/7 - 94.35% of PPS

diff period 13,462,580,115 - 104.36% of PPS

month of June - 103.48% of PPS

Due to the need to serve paid Teramining upgrades, all free upgrades to Teramining will be ended after Monday, June 28th, 2014.

I've gone above and beyond all contract terms including extending the term and increasing the hash rate of Teramining by more than 38 times.

I am open to discussion about this, but any inflammatory posts will cause the thread to be locked as the thread is not self moderated.

Please be civil and I will answer questions to the best of my ability.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
June 23, 2014, 02:38:39 PM
.
newbie
Activity: 56
Merit: 0
June 17, 2014, 11:19:34 AM
There are multiple threads about mining "perpetual mining bonds" aka "turds", so I am not going in to details here. Wink   
donator
Activity: 3136
Merit: 1167
June 16, 2014, 05:26:07 PM
This seems good, I will study it first before trying to join
Sorry, it is closed and you cannot join.

legendary
Activity: 2646
Merit: 1138
All paid signature campaigns should be banned.
June 16, 2014, 11:33:19 AM
This seems good, I will study it first before trying to join
Sorry, it is closed and you cannot join.
sr. member
Activity: 448
Merit: 250
June 16, 2014, 11:22:47 AM

This seems good, I will study it first before trying to join
vip
Activity: 1358
Merit: 1000
AKA: gigavps
June 16, 2014, 09:05:04 AM
Teramining ran at 93.70% of PPS last week.

Looking ahead, I'm going to try and triple our total hash rate by the end of July. We'll see how things progress.

Seems demand for Bitmain's discontinued Antminer S1 is large enough that I've decided to liquidate our S1 miners to make room for more power efficient equipment to come in the near future.

This means that our total hash rate will be dropping over the coming weeks, up to 102Th, but it also means that we will have DC space 100% ready to accept new equipment.
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