Gigamining / Teramining | Bitcointalksearch.org

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: Otoh on 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.

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.

Otoh

donator

Activity: 3052

Merit: 1110

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.

anon_aho

newbie

Activity: 1

Merit: 0

Quote from: jamesg on 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

How things are going on currently regarding paid Teramining?

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

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

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Nice anniversary present - congratulations.

BTW: BurtW led me to some of that new data. It was scary.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Congrats!!

Hey, they do know what causes children nowdays, in case you have enough of them now, you can use Google to find out...

mrdavis

member

Activity: 74

Merit: 10

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!

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

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

2GOOD

hero member

Activity: 547

Merit: 531

First bits: 12good

Quote from: jamesg on March 26, 2014, 09:26:36 AM

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.

Quote from: jamesg on July 07, 2014, 04:43:52 PM

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:

Quote from: jamesg on March 03, 2014, 09:27:24 AM

Teramining will remain 24% of whatever VPS runs.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

An email has gone out to all free upgrades to Teramining detailing the end of the contract and pointing them to this thread.

theGECK

sr. member

Activity: 411

Merit: 250

Quote from: jamesg on 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.

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.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: apepoof on July 07, 2014, 04:48:28 PM

Any chance to get invited? or buy someones position?

No.

apepoof

full member

Activity: 129

Merit: 100

Any chance to get invited? or buy someones position?

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

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.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

.

Cuslado

newbie

Activity: 56

Merit: 0

There are multiple threads about mining "perpetual mining bonds" aka "turds", so I am not going in to details here. Wink

Otoh

donator

Activity: 3052

Merit: 1110

Quote from: BurtW on June 16, 2014, 11:33:19 AM

Quote from: tuanvie on June 16, 2014, 11:22:47 AM

This seems good, I will study it first before trying to join

Sorry, it is closed and you cannot join.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: tuanvie on June 16, 2014, 11:22:47 AM

This seems good, I will study it first before trying to join

Sorry, it is closed and you cannot join.

tuanvie

sr. member

Activity: 448

Merit: 250

This seems good, I will study it first before trying to join

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Teramining ran at 93.70% of PPS last week.

Quote from: jamesg on June 09, 2014, 01:54:23 PM

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.

Topic: Gigamining / Teramining (Read 216450 times)