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Topic: NA - page 113. (Read 893616 times)

legendary
Activity: 952
Merit: 1000
September 07, 2015, 04:27:28 PM

So for the sake of overview, let's work with numbers only, and stripping away the rest:

- 7.5 BTC can buy roughly 5 TH/s of power.

- 5 TH/s yields ~ 1.5 btc/month
- Electricity consumed ~ 0.5 btc/month
- Scrypt puchasing ~ 0.6 btc/month
- Replacement costs, 36 months average, ~ 0.21 btc/month
Average nett profit ~ 0.29 btc/month

The profit, is something of a mandatory; it would not only cover fluctuations in for example electricity or scrypt rising prices, but mainly would be used to put back into the system (expanding power) to keep up with the difficulty, to ensure the continuation of Scrypt puchasing...

Nett profit is 0,19 btc instead of 0,29 btc in the example above Wink But, still a profit here. You have noted a bit more yield from the hashing then LTEX had in his calculations, but more noted for the electricity. So, in practice it can be narrow, but in theory it seems possible.  Cool

Project is (maybe temporary) on hold now, i see, but very brave you came up with this! Respect!!
sr. member
Activity: 332
Merit: 250
September 07, 2015, 03:16:29 PM
Forget about "perpetuum mobile's", magnetic engines is what is hot  Grin

But seriously, numbers are similar to some degree, yet with a huge detail overlooked by many thus far.

Around 4 TH/s, as proposed, yields around 0.04 BTC daily.
Yet, as this part seems overlooked quite frueqently, the SHA256 part includes electricity, maintenance, replacements, etc.

Meaning, 4 TH/s yielding around 0.04 BTC daily, this yielding is a net yielding. Give or take a few on luck and diminishing of performance due time, one could state average yielding would closely be more like 0.035 ~ 0.03 on overall.



These are my statistics:
Since I had notified (https://community.guldencoin.com/t/community-mining-ipo-switching-gears-session/1150/13), I have been testing what I notified. Which, sinds then, is nearly over a month.
On average, I have been testing with 2 TH/s. Over a time period of nearly a full month, this averaged around ~0.018 daily net profits with luck hovering around 95 ~ 96% on overal during that month.



Regarding empowering the SHA256 part towards the Scrypt part, there are quite some variances depending on networks chosen, either be them public or private.
You gave MRR as an example, averaging 0.022 per 100 MH/s. Nicehash could go for 0.018 whilst betarigs could go for 0.03, and private networks vary hugely between them (Netherlands for example is pricey as hell, versus Venezuela being a mere paradise).

Regarding the 'left overs' from the surplus generated by the SHA256 part, they will be used to put back into the system. I.e, will be used to expand the system to keep up with votality on hashrates and difficulty, in order to keep the Scrypt hash running.


I have a magnetic engine in my boat, so I know what you mean  Wink

So If I get it right you have a nett profit (including energy, maintenance and write-off) of 0.04 btc / day? That would be 1.2BTC / month.
If by some miracle you manage to buy your SHA256 equipment for half my price, thus 4BTC, you still need to add (4 : 36) = 0.11BTC in write-off making the total gross profit 1.31 / month. Then we have to add electricity, say 0.3 BTC / month totaling to a gross profit of 1.61 BTC / month on 4Th. That's an average profit of 0.4 BTC per TH / month.

Would you mind telling me which pool you use?  Grin

Nicehash for 0.018 sounds nice indeed, but my experience with them is that the low contracts somehow never become available, resulting in higher mining cost all the time. MRR is by far the most reliable and stable regarding price and profit.

You're partially right.

Minor detail: I am netting on average ~0.019 btc/day, if luck being set to 100%. This is with 2 TH/s, not 4  Wink

But yes, around 4 TH/s would roughly yield 1.2 btc/month.



Right, the electricity cost can make the difference here.
On the other side something isn't mentioned yet:
https://bitcoinwisdom.com/bitcoin/difficulty
You have to expect a decreasing btc income over time.
"Estimated Next Difficulty:    59,756,916,129 (+4.91%)" means ~5% less btc and those diff changes happen how often a year?
Summarize that over a year to see how much hashrate you have to steady add to keep the btc income stable.
At the end it all depends on how cheap the electricity costs are and how fast you have to get additional equipment for the same amount of btc.

only my 2 sat

I did mention difficulty, and that this too is taken into account. Which, I will try to explain further to.



@George, for clarity, can you provide a detailed and descent overview of your exact calculations. This for sure will help things to move in the right way. Since we by now all know what the basic plan is, you might as well give us the exact calculations on which you base your theory?

{snip}



- Hardware setup of roughly 4 TH/s = 6 BTC
- The other 1.5 BTC is reserved for the fail-safe part.

- 4 TH/s yields ~ 1.2 btc/month
- Electricity consumed ~ 0.4 btc/month
- Scrypt puchasing ~ 0.6 btc/month
Average nett profit ~ 0.2 btc.

I deliberately did not take the write-off into account.
You gave an example of replacement in a time span of 36 months, which is reasonable. There's a chance equipment lasts longer, yet chances are equal they last shorter. I took that into my calculations as well, and that's where the fail-safe part comes in...
The fail-safe is purely reserved, just for the sake equipment should fail (long?) before their time due, which simply IS possible.

Remember, that this is for the initial setup only, which I had in mind to be part of a bigger whole (the expanding afterwards).

But it all begins, stands or falls with the base. Which, I would want to deliver properly with the 100 MH/s as stated, and not half-way it would be turning out to be 75 MH/s because of some damn rig broke earlier than they should.


------------------------------------------------------------------------------------------------


So for the sake of overview, let's work with numbers only, and stripping away the rest:

- 7.5 BTC can buy roughly 5 TH/s of power.

- 5 TH/s yields ~ 1.5 btc/month
- Electricity consumed ~ 0.5 btc/month
- Scrypt puchasing ~ 0.6 btc/month
- Replacement costs, 36 months average, ~ 0.21 btc/month
Average nett profit ~ 0.19 btc/month

The profit, is something of a mandatory; it would not only cover fluctuations in for example electricity or scrypt rising prices, but mainly would be used to put back into the system (expanding power) to keep up with the difficulty, to ensure the continuation of Scrypt puchasing...


EDIT:
Adjusted a sweet little mistype
legendary
Activity: 980
Merit: 1000
September 07, 2015, 01:23:21 PM
Is this coin still alive?

Nope, dead as a pier  Grin

Don't him make so happy with dead sparrow LTEX.
legendary
Activity: 1025
Merit: 1000
ltex.nl
September 07, 2015, 01:14:44 PM
Is this coin still alive?

Nope, dead as a pier  Grin
legendary
Activity: 980
Merit: 1000
September 07, 2015, 12:18:12 PM
It's a looooong shot but worth trying! =)

In other news, thuisbezorgd.nl reimbursed me by traditional SEPA transfer (so fiat, not BTC).


Nice, what happened again? The place you ordered at was closed or something or was it something else?

Nope, it was closed, at least their kitchen was.

Alright, better luck next time eh.
hero member
Activity: 1132
Merit: 818
September 07, 2015, 11:53:47 AM
It's a looooong shot but worth trying! =)

In other news, thuisbezorgd.nl reimbursed me by traditional SEPA transfer (so fiat, not BTC).


Nice, what happened again? The place you ordered at was closed or something or was it something else?

Nope, it was closed, at least their kitchen was.
hero member
Activity: 637
Merit: 500
September 07, 2015, 11:03:07 AM
It's tough to keep up with all the replies lately. People are dumb selling this coin at any price. I am keeping to use!
legendary
Activity: 980
Merit: 1000
September 07, 2015, 10:31:14 AM
It's a looooong shot but worth trying! =)

In other news, thuisbezorgd.nl reimbursed me by traditional SEPA transfer (so fiat, not BTC).


Nice, what happened again? The place you ordered at was closed or something or was it something else?
legendary
Activity: 1148
Merit: 1000
September 07, 2015, 09:51:24 AM
het is al goed  Grin

and this coin is still ok and on the good way to go big
legendary
Activity: 952
Merit: 1000
September 07, 2015, 09:48:07 AM
Is this coin still alive?

You are just born here on bct, i see  Grin

Yes, coin is very alive: see timeline http://timeline.guldencoin.com/
newbie
Activity: 1
Merit: 0
September 07, 2015, 09:46:07 AM
Is this coin still alive?
hero member
Activity: 638
Merit: 500
September 07, 2015, 09:44:46 AM
It's a looooong shot but worth trying! =)

In other news, thuisbezorgd.nl reimbursed me by traditional SEPA transfer (so fiat, not BTC).


That one is solved, good to hear  Cool
legendary
Activity: 952
Merit: 1000
September 07, 2015, 09:43:50 AM
Bram first you think it is stupid bol does not accept NLG and now there is a small chance they might accept it and you think they are to big for NLG.  Huh

He bought cryptocircus for his NLG and that is imploding at the moment, that is why he has negativ responds, i think. Or is influenced by trolls.

Graag positieve bijdrages, Bram en anders beter niet (af)reageren. Je laat je wel kennen zo.


dit slaat nergens op! en ik reageer niets af dus....

Bij deze excuses als het nergens op slaat, wat ik schreef. Toch lijkt het wat negatief op het eerste gezicht, je laatste posts hier.
legendary
Activity: 1148
Merit: 1000
September 07, 2015, 09:20:22 AM
Bram first you think it is stupid bol does not accept NLG and now there is a small chance they might accept it and you think they are to big for NLG.  Huh

He bought cryptocircus for his NLG and that is imploding at the moment, that is why he has negativ responds, i think. Or is influenced by trolls.

Graag positieve bijdrages, Bram en anders beter niet (af)reageren. Je laat je wel kennen zo.


dit slaat nergens op! en ik reageer niets af dus....
hero member
Activity: 1132
Merit: 818
September 07, 2015, 08:31:03 AM
It's a looooong shot but worth trying! =)

In other news, thuisbezorgd.nl reimbursed me by traditional SEPA transfer (so fiat, not BTC).
legendary
Activity: 1025
Merit: 1000
ltex.nl
September 07, 2015, 07:18:17 AM
LTEX I know someone at Bol.com and I am willing to talk to him. I need more information tho about how to integrate NLG (and BTC of course, getting them to accept only NLG seems quite a long shot) with their current payment provider. If anyone can get in touch with me for more info I'll give it a shot. Please PM a 06-number or email-address so I can get in contact with someone.

Wait for Patrick or Buerra to respond. They can help you best with this, i think.

OK. I'll PM Buerra on the guldencoinforum.

Yeah just let us know what you need Julian, we can always see what we can do. A custom job is most likely required for bol.com though and we don't offer EUR payout yet, something that they will most likely require. But we can always talk and brainstorm how best to go about doing this.

Wish you lots of succes, guys!   Cool

Me too!  Grin
legendary
Activity: 952
Merit: 1000
September 07, 2015, 07:10:16 AM
LTEX I know someone at Bol.com and I am willing to talk to him. I need more information tho about how to integrate NLG (and BTC of course, getting them to accept only NLG seems quite a long shot) with their current payment provider. If anyone can get in touch with me for more info I'll give it a shot. Please PM a 06-number or email-address so I can get in contact with someone.

Wait for Patrick or Buerra to respond. They can help you best with this, i think.

OK. I'll PM Buerra on the guldencoinforum.

Yeah just let us know what you need Julian, we can always see what we can do. A custom job is most likely required for bol.com though and we don't offer EUR payout yet, something that they will most likely require. But we can always talk and brainstorm how best to go about doing this.

Wish you lots of succes, guys!   Cool
legendary
Activity: 980
Merit: 1000
September 07, 2015, 06:57:31 AM
LTEX I know someone at Bol.com and I am willing to talk to him. I need more information tho about how to integrate NLG (and BTC of course, getting them to accept only NLG seems quite a long shot) with their current payment provider. If anyone can get in touch with me for more info I'll give it a shot. Please PM a 06-number or email-address so I can get in contact with someone.

Wait for Patrick or Buerra to respond. They can help you best with this, i think.

OK. I'll PM Buerra on the guldencoinforum.

Yeah just let us know what you need Julian, we can always see what we can do. A custom job is most likely required for bol.com though and we don't offer EUR payout yet, something that they will most likely require. But we can always talk and brainstorm how best to go about doing this.
legendary
Activity: 952
Merit: 1000
September 07, 2015, 06:47:53 AM
Bram first you think it is stupid bol does not accept NLG and now there is a small chance they might accept it and you think they are to big for NLG.  Huh

He bought cryptocircus for his NLG and that is imploding at the moment, that is why he has negativ responds, i think. Or is influenced by negativ people and trolls.

Graag positieve bijdrages, Bram en anders beter niet (af)reageren.


I think he dumped his Nlg and want to buy back under 300

Was his intention with selling CIRC (full in it, i think, with that hype a while ago) for NLG again later on, as he told, but CIRC is imploding now. Bad gamble, i suppose.
legendary
Activity: 1197
Merit: 1001
September 07, 2015, 06:44:58 AM
Bram first you think it is stupid bol does not accept NLG and now there is a small chance they might accept it and you think they are to big for NLG.  Huh

He bought cryptocircus for his NLG and that is imploding at the moment, that is why he has negativ responds, i think. Or is influenced by negativ people and trolls.

Graag positieve bijdrages, Bram en anders beter niet (af)reageren.


I think he dumped his Nlg and want to buy back under 300
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