Topic: India Mining 'Shares' - Group Buy and Hosting (Read 4987 times)
I am also interested.
Whats the total power input I am looking at for the whole setup? I have got free 5kW+ power so wondering whether to jump in.
bladecan be run in two modes high and low. it will consume 100w in LOW mode and 120 on high.You have to run also fan and AC. Also you may need back up power.
Whats the total power input I am looking at for the whole setup? I have got free 5kW+ power so wondering whether to jump in.
Quote
[quote aut=dishwara link=topic=205918.msg2173131#msg2173131 date=1368737723]
GLBSE helped anyone to create shares/bonds to get money from others.
With that help i created shares in the name DISHWARA & did mining with money i got from releasing shares.
After GLBSE shutdown, the contracts shares/bonds just thrown away & everyone made their own version of contracts.
Some bought back, some still paying dividend, some ran away, became scammers & some (gigavps) changes the contracts when ever he wants & how ever he wants.
After seeing all this mess, i am wondering, by what basis Indian group mining shares work.
There is no contract, There is no voting options....many no's.
I really don't have any idea how it will go, which made me to stay away.
common it is just 50 btc, what you gonna create securities for that. GLBSE helped anyone to create shares/bonds to get money from others.
With that help i created shares in the name DISHWARA & did mining with money i got from releasing shares.
After GLBSE shutdown, the contracts shares/bonds just thrown away & everyone made their own version of contracts.
Some bought back, some still paying dividend, some ran away, became scammers & some (gigavps) changes the contracts when ever he wants & how ever he wants.
After seeing all this mess, i am wondering, by what basis Indian group mining shares work.
There is no contract, There is no voting options....many no's.
I really don't have any idea how it will go, which made me to stay away.
I will sale you guys 1 or 2 blades 51 btc local pick up only Pune, here and now.
50*116*55= 319000 INR.
~3.2 lakhs INR
Quote
[quote aut=dishwara link=topic=205918.msg2173131#msg2173131 date=1368737723]
GLBSE helped anyone to create shares/bonds to get money from others.
With that help i created shares in the name DISHWARA & did mining with money i got from releasing shares.
After GLBSE shutdown, the contracts shares/bonds just thrown away & everyone made their own version of contracts.
Some bought back, some still paying dividend, some ran away, became scammers & some (gigavps) changes the contracts when ever he wants & how ever he wants.
After seeing all this mess, i am wondering, by what basis Indian group mining shares work.
There is no contract, There is no voting options....many no's.
I really don't have any idea how it will go, which made me to stay away.
[/quote]GLBSE helped anyone to create shares/bonds to get money from others.
With that help i created shares in the name DISHWARA & did mining with money i got from releasing shares.
After GLBSE shutdown, the contracts shares/bonds just thrown away & everyone made their own version of contracts.
Some bought back, some still paying dividend, some ran away, became scammers & some (gigavps) changes the contracts when ever he wants & how ever he wants.
After seeing all this mess, i am wondering, by what basis Indian group mining shares work.
There is no contract, There is no voting options....many no's.
I really don't have any idea how it will go, which made me to stay away.
common it is just 50 btc, what you gonna create securities for that.
I will sale you guys 1 or 2 blades 51 btc local pick up only Pune, here and now.
GLBSE helped anyone to create shares/bonds to get money from others.
With that help i created shares in the name DISHWARA & did mining with money i got from releasing shares.
After GLBSE shutdown, the contracts shares/bonds just thrown away & everyone made their own version of contracts.
Some bought back, some still paying dividend, some ran away, became scammers & some (gigavps) changes the contracts when ever he wants & how ever he wants.
After seeing all this mess, i am wondering, by what basis Indian group mining shares work.
There is no contract, There is no voting options....many no's.
I really don't have any idea how it will go, which made me to stay away.
With that help i created shares in the name DISHWARA & did mining with money i got from releasing shares.
After GLBSE shutdown, the contracts shares/bonds just thrown away & everyone made their own version of contracts.
Some bought back, some still paying dividend, some ran away, became scammers & some (gigavps) changes the contracts when ever he wants & how ever he wants.
After seeing all this mess, i am wondering, by what basis Indian group mining shares work.
There is no contract, There is no voting options....many no's.
I really don't have any idea how it will go, which made me to stay away.
Interesting! Please check your pm!
Practical questions but have already been answered in the OP:
1. 6 months warranty for the hardware, provided by friedcat. Decision to overclock, mining another coin etc lies with the shareholders, each has veto power.
Just to clarify..
The ASIC blades after batch 2 already comes overclocked. So there is nothing you need to manually.
Just click on a button called HIGH in initial config screen and there you go.. It runs at ~120W on 1.20V (overclock)
Interested 
. Will give 1 btc
. Will give 1 btcDeposit the money with Benson using the above address and you shall be listed.
Would be nice to see how many people are interested before deposits.
1. does the hardware carry warranty. what if you burn it when overclocking.( which wont be covered in warranty) How will you compensate the shareholders ?
2. lets say something goes out of plan ( customs, power supply costs, other costs, etc. ) how will you deal with it, will you ask the share holders for it ?
3. do you plan to operate it 24x7 ? all the share holders are expecting that (well if we pay , we want max returns ). How do you plan to do that ? you are in UP , right ? UP is has loads of powercuts.
4. I think your 5% commission is not practical. electricity, air conditioning.
5.
Practical questions but have already been answered in the OP:
1. 6 months warranty for the hardware, provided by friedcat. Decision to overclock, mining another coin etc lies with the shareholders, each has veto power.
2. Going by past deliveries to Pinwheel, things go smooth with ASICMINER. In case of overhead, as already mentioned in OP,
Quote
Additional cost of PSU, custom duty paid etc. and other overheads will be equally divided amongst all shares and will be deducted equally over a period of 4 weeks from the dividends that will be paid out every Sunday. All fiat payments shall be calculated at the MtGox avg of that day. Paperwork and proof of all payments will be provided if required.
3. Yes it runs 24x7 as already mentioned in OP. We have power 24x7 and backup for emergencies. 4. We do not aim to earn much from this but build reputation for future hosting services. Perhaps, that is our inherent interest here.
5.
1. does the hardware carry warranty. what if you burn it when overclocking.( which wont be covered in warranty) How will you compensate the shareholders ?
2. lets say something goes out of plan ( customs, power supply costs, other costs, etc. ) how will you deal with it, will you ask the share holders for it ?
3. do you plan to operate it 24x7 ? all the share holders are expecting that (well if we pay , we want max returns ). How do you plan to do that ? you are in UP , right ? UP is has loads of powercuts.
4. I think your 5% commission is not practical. electricity, air conditioning.
5.
Good Going Guys..! All the best.
Am watching too.. I think electricity is cheap in India as compared to what i have here.
With Summer starting.. uptime is a concern. I heard some places are getting 8 hour power shutdown.
Heard Gujarat has continuous power supply.
It might be a better idea to host someplace where there is very less power shutdown.
And to add to pinwheel's comments, as and when difficulty increases, the btc price also increases. So that pretty compensates to the loss in production to some extent if not completely.
just my 2 cents.!
Am watching too.. I think electricity is cheap in India as compared to what i have here.
With Summer starting.. uptime is a concern. I heard some places are getting 8 hour power shutdown.
Heard Gujarat has continuous power supply.
It might be a better idea to host someplace where there is very less power shutdown.
And to add to pinwheel's comments, as and when difficulty increases, the btc price also increases. So that pretty compensates to the loss in production to some extent if not completely.
just my 2 cents.!
Definitely Interested.
My Concerns lie with this guys's comment
Don't think in Euros, think in Bitcoins.
That said, 50 BTC is still way too steep a price for such a low performance hasher. The rising difficulty will push ROI time way back into 4th quarter of this year at least, and by then nobody has good estimates or even guesses of difficulty. Too many unknowns, ASICMINER themselves being one of them.
At that price, the only ones benefiting are ASICMINER shareholders. Good for them I guess
EDIT: for comparison, in "Avalon equivalents", you'd pay about 278 BTC to get one 3-module Avalon unit out of these blades (67k/12k). If you were to assemble an "Avalon-erupter" with 12Ghash/s from Avalon chips, you'd pay less than 4 BTC (without any other components though, so that comparison isn't entirely valid). Put simply, these are way overpriced.
So I m not moving my Cheap coins from gox or btct so soon.
My Concerns lie with this guys's comment
Don't think in Euros, think in Bitcoins.
That said, 50 BTC is still way too steep a price for such a low performance hasher. The rising difficulty will push ROI time way back into 4th quarter of this year at least, and by then nobody has good estimates or even guesses of difficulty. Too many unknowns, ASICMINER themselves being one of them.
At that price, the only ones benefiting are ASICMINER shareholders. Good for them I guess
EDIT: for comparison, in "Avalon equivalents", you'd pay about 278 BTC to get one 3-module Avalon unit out of these blades (67k/12k). If you were to assemble an "Avalon-erupter" with 12Ghash/s from Avalon chips, you'd pay less than 4 BTC (without any other components though, so that comparison isn't entirely valid). Put simply, these are way overpriced.
So I m not moving my Cheap coins from gox or btct so soon.
Interested . Will give 1 btc
. Will give 1 btcDeposit the money with Benson using the above address and you shall be listed.
Please sign or add a comment when sending any payment.
Interested . Will give 1 btc
. Will give 1 btcDeposit the money with Benson using the above address and you shall be listed.
Quote
How many bitcoins will I earn per week?
Specs are below, do your own calculations.
Specs are below, do your own calculations.
http://www.alloscomp.com/bitcoin/calculator
per Month ฿17.53, brake even in 3 months
if you mine terra then it may be even better. Mine terra then sale for BTC when terra high, buy LTC and wait. My current strategy. Even if I sale terra for btc it gives better profit then mining BTC direct. Even if difficulty will rise and btc rate will stay same 3 months guaranteed brake even.
You're assuming todays difficulty will remain const for 3 months.
Difficulty changes every 10- 12days need to be accounted.
recent changes in difficulty was 10% in 20 days. that does not means you will mine less 10% every 20 days. If so then you will not mine anything at all in 200 days. As we see that never happens and most of those calcultors are wrong. People mining with GPUs and it is still profitable despite the fact that difficulty rose almost twice in recent months.
combined hash rate of mostly GPU mining teams from btcgiuld at present around 4000 ghs that is 179 btc per day.
I mining with two blades at 24-25 mgh and I even did not notice any change in amount of btc mined per day when diff increased from 10 to 11 mils. of course diff increase will affect profitability but in not such way as many think.
Buying 1.5 btc share in this group buy will pay much better compared if you buy 1 ASICminer share for 1.5 btc.
A share counter please..
Shall be implemented when payment is received. Currently none.
Quote
How many bitcoins will I earn per week?
Specs are below, do your own calculations.
Specs are below, do your own calculations.
http://www.alloscomp.com/bitcoin/calculator
per Month ฿17.53, brake even in 3 months
if you mine terra then it may be even better. Mine terra then sale for BTC when terra high, buy LTC and wait. My current strategy. Even if I sale terra for btc it gives better profit then mining BTC direct. Even if difficulty will rise and btc rate will stay same 3 months guaranteed brake even.
You're assuming todays difficulty will remain const for 3 months.
Difficulty changes every 10- 12days need to be accounted.
Quote
How many bitcoins will I earn per week?
Specs are below, do your own calculations.
Specs are below, do your own calculations.
http://www.alloscomp.com/bitcoin/calculator
per Month ฿17.53, brake even in 3 months
if you mine terra then it may be even better. Mine terra then sale for BTC when terra high, buy LTC and wait. My current strategy. Even if I sale terra for btc it gives better profit then mining BTC direct. Even if difficulty will rise and btc rate will stay same 3 months guaranteed brake even.
Jump to: