I smell zero div day today...
edit: didn't happen ฿0.00000085
Topic: [HAVELOCK] PETAMINE - 1,150 TH/S HASH RATE (1GH/S per Unit) - page 7. (Read 565829 times)
2014-10-14 2014-10-14 0.00000520
delicious crumbs Puppet! Thanks
delicious crumbs Puppet! Thanks
Glad to see that makes you happy. How many of those before you break even on your investment ?
BTW, thats about the first time in recent history you get close to what you mathematically should expect. Close but still no cigar. With >$400/BTC, on average you should expect >560 satoshi. You're averaging half that recently. But hey, as long as you're happy!
2014-10-15 2014-10-15 0.00000506
Thanks!
2014-10-14 2014-10-14 0.00000520
delicious crumbs Puppet! Thanks
delicious crumbs Puppet! Thanks
Glad to see that makes you happy. How many of those before you break even on your investment ?
BTW, thats about the first time in recent history you get close to what you mathematically should expect. Close but still no cigar. With >$400/BTC, on average you should expect >560 satoshi. You're averaging half that recently. But hey, as long as you're happy!
2014-10-15 2014-10-15 0.00000506
Thanks!
2014-10-14 2014-10-14 0.00000520
delicious crumbs Puppet! Thanks
delicious crumbs Puppet! Thanks
Glad to see that makes you happy. How many of those before you break even on your investment ?
BTW, thats about the first time in recent history you get close to what you mathematically should expect. Close but still no cigar. With >$400/BTC, on average you should expect >560 satoshi. You're averaging half that recently. But hey, as long as you're happy!
2014-10-14 2014-10-14 0.00000520
delicious crumbs Puppet! Thanks
delicious crumbs Puppet! Thanks
OK you're trying to be sarcastic so please explain us why dividends day before were so pathetic when number of blocks mined by ghash.io was the same.
https://blockchain.info/blocks/GHash.IO
Cryptx is apparently doing anything he wants...
WOW! its too much variance. One day its 68sat or day its 500sat.
But you have to give credit for BTC price hike for today's hike
Hopefully this will last longer.....
But you have to give credit for BTC price hike for today's hike
Hopefully this will last longer.....
2014-10-14 2014-10-14 0.00000520
delicious crumbs Puppet! Thanks
delicious crumbs Puppet! Thanks
Can you elaborate a bit on that
Each share = 1GH/s. 1GH mines 1437 satoshi's on average at todays difficulty and basically the same the previous period;
fees are $0.105 per GH per month, or 921 satoshi per day (@ $380/BTC). So on average you'd expect ~500 satoshi divs.
You're getting about half that on average. And if its "bad luck", its been going on for a looong time.
Understood
Can you elaborate a bit on that
Each share = 1GH/s. 1GH mines 1437 satoshi's on average at todays difficulty and basically the same the previous period;
fees are $0.105 per GH per month, or 921 satoshi per day (@ $380/BTC). So on average you'd expect ~500 satoshi divs.
You're getting about half that on average. And if its "bad luck", its been going on for a looong time.
Those reduced fees make all the difference in the world:
Funny that no one here seems to mind the math doesnt add up. At all. Pitiful as divs are supposed to be, cryptx isnt even paying nearly as "much" as that.
Code:
2014-10-13 2014-10-13 0.00000068
Funny that no one here seems to mind the math doesnt add up. At all. Pitiful as divs are supposed to be, cryptx isnt even paying nearly as "much" as that.
Can you elaborate a bit on that? From what I can see on blockchain.info on October 13rd the income was BTC10.97, at $4k/daily costs there have been just peanuts left for dividend depending on what BTC/USD rate was used, at $380/BTC about .4BTC, so the dividend should have been even lower (half of what was paid). $394 USD/BTC is the "correct" rate leading to dividend 0.00000068...But I agree he was lucky again because already at $365 we would have another zero div day
If the (true) fixed costs exceed the revenue, you sell the equipment; that's just how it works.
but at first you must find an idiot ready to buy this worthless equipment ...
the same as to find somebody buy 5 GH/s for 0.0109 BTC to bMINE with ROI > 150 days
Those reduced fees make all the difference in the world:
Funny that no one here seems to mind the math doesnt add up. At all. Pitiful as divs are supposed to be, cryptx isnt even paying nearly as "much" as that.
Code:
2014-10-13 2014-10-13 0.00000068
Funny that no one here seems to mind the math doesnt add up. At all. Pitiful as divs are supposed to be, cryptx isnt even paying nearly as "much" as that.
Peta is now hosted by bitfury in Georgia (the republic, not the US state). Electricity is dirt cheap there, on the order $0.06/KwH
Cryptx claims .78J/GH at the wall.
0.78J/1000*$0.06 * 24 * 30 = ~$0.034 per gh in electricity per month. He used to charge $0.15 and now charges $0.105 in fees.
Of course the datacenter costs money too. How much and how the contract with bitfury is drafted is the real question. Something tells me cryptx cant just auction off his miners without breaching his contract.
Cryptx claims .78J/GH at the wall.
0.78J/1000*$0.06 * 24 * 30 = ~$0.034 per gh in electricity per month. He used to charge $0.15 and now charges $0.105 in fees.
Of course the datacenter costs money too. How much and how the contract with bitfury is drafted is the real question. Something tells me cryptx cant just auction off his miners without breaching his contract.
According to CryptX announcement on havelock effective immediately he is lowering hosting/management fee's to 0.10/kw/h!
*Lube has officially been broken out fellas.
*Lube has officially been broken out fellas.
I think Cryptx will magically continue to lower their fees to whatever minimum will placate some of the shareholders so that they don't realize they're being fleeced.
If the (true) fixed costs exceed the revenue, you sell the equipment; that's just how it works.
It begs the question: what are actual energy costs, and how much has Cryptx been over-charging all this time?
According to CryptX announcement on havelock effective immediately he is lowering hosting/management fee's to 0.10/kw/h!
*Lube has officially been broken out fellas.
*Lube has officially been broken out fellas.
I think Cryptx will magically continue to lower their fees to whatever minimum will placate some of the shareholders so that they don't realize they're being fleeced.
If the (true) fixed costs exceed the revenue, you sell the equipment; that's just how it works.
According to CryptX announcement on havelock effective immediately he is lowering hosting/management fee's to 0.10/kw/h!
*Lube has officially been broken out fellas.
*Lube has officially been broken out fellas.
Guess we may find out sooner than even I had thought: just when you thought hasrate was finally leveling off, it crashes through 300PH (307PH currently according to blockchain). Combined with the very low btc exchange rate, that means once difficulty caught up with current hashrate in 2-3 weeks, we are back at ~ zero divs.
Will cryptx lower his fees yet again, or do what every shareholder with a brain hopes for, but what crypx contractually probably cant do (liquidate) ? Interesting times ahead
Will cryptx lower his fees yet again, or do what every shareholder with a brain hopes for, but what crypx contractually probably cant do (liquidate) ? Interesting times ahead
if pps will be lower than 1 satoshi
how divs will be distributed to 1 share bagholder ?
how divs will be distributed to 1 share bagholder ?
Once per x days? But lets be real here, divs should be in the 4-500 satoshi range on average, I dont know what happened today but its probably a statistical anomaly (even if its a hilarious one). With the lowered fees there should be a fairly "long" time for the hardware to depreciate before divs hit ~ zero again. Though probably not long enough for the bitfury hosting contract to mature, will be fascinating to see how that pans out
.
Can't we(the shareholders) do some voting or something to tell him to sell the hardware? After all it's ours...
if pps will be lower than 1 satoshi
how divs will be distributed to 1 share bagholder ?
how divs will be distributed to 1 share bagholder ?
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