What's going on with the newer offerings from the coop? Take for example the 1 Thash/sec 3 month mining contract. This is currently costing 18.2183 bitcoins. At 20% growth in per difficulty change, starting at the next difficulty change (roughly 2,200,000,000) this only makes 13.6 bitcoins. And I think we all expect more than a 20% increase in difficulty per change, right? breakeven is at around a 15% increase per difficulty change. I've always thought good mining contracts should cover the cost of hardware and go at least until the equipment achieves a 100-120% ROI( minus hosting/power) under reasonable conditions. Then the hardware owner walks away with the hardware, and the buyer of the mining contract walks away with the bitcoins. Here the buyer just walks away with less bitcoins then they started with in three months. One of the ideas behind coops is that everyone puts something in, and everyone wins... I don't think that is happening here.
Likewise, the shares in hardware seem overpriced. R23/R24 (unknown hardware, I assume antminers and Avalon 2nd batch) is at about $13 per gigahash, and starts at the end of the week. Maintenance costs also seem high in R23/R24 The current batch of antminers, which will be delivered on Mondayish, runs at about $9 to $9.5/Gigahash, depending on the btc exchange rate. What hardware is this, and why is it so expensive? R24 was started after antminers dropped to 2.2btc, I think?
I really like the idea behind this coop and I am impressed with what the leaders have done... making mining accessible to folks who don't want to spend a lot of money, with a fair deal between those hosting and those owning the hardware. But I'm confused as to what is going on here.
The 1th/s can start immediately, well tomorrow (did I accidentally leave it at a different date I thought I changed everything). Its a 1 time fee for 3 months all BTC mined, no hosting costs or management fees.
R23/24 price per ghash is about 11-12 there are costs involved with acquiring hardware also these units are on hand no waiting for shipments, the reason its easier not to say what hardware it is is because when something better comes out we can easily swap it, a gh is a gh. Hosting cost is actually far below (about 75-100 usd per month) any other hosting listed on the forums for equivalent power draw.
Based on the first few rounds we as GBC's have actually lost money, not just as shareholders but actually investing extra money into getting the buy complete.
We've actually noticed a lot less GB's for partial ownership of machines, my guess is that the people who have been running them simply don't want to put more time into new ones, also some that have been running the GBC's disappear for long periods of time sometimes even missing payouts.
To top it off we are also the cheapest, price / gh/s that isn't a private GB (this takes into account hosting costs as well)
Not once has the DZMC missed or been late on a payout, only once was a payout wrong and it was found and corrected within 12 hours.
None of this post is meant to be financial advice, it is your responsibility to do your own due diligence when making an investment.
