Just bought 0.4 btc on coinbase, will send it to you as soon as it arrives.
jamesc760
Topic: [OPEN] Confirmed*PAID* USA NO VAT KnC Neptune#3 - .25 BTC = 17 Shares = ~60 Gh/s - page 81. (Read 131472 times)
July 05, 2013, 09:19:59 PM
July 05, 2013, 08:14:16 PM
Hi how much are Paypal shares at moment they were previously $50, cheers
July 05, 2013, 07:56:01 PM
Hi ragingazn628,
When was the Jupiter purchased? Will it be hosted in a data center, a storage facility, or.. your home?
If I ever visit from NJ, will I need a visitor's badge to see it?
When was the Jupiter purchased? Will it be hosted in a data center, a storage facility, or.. your home?
If I ever visit from NJ, will I need a visitor's badge to see it?
July 05, 2013, 06:42:31 PM
I noticed that I'm still not on the Jupiter share list, did my payment come through?
TXID: https://blockchain.info/tx/c05b9be5dec1230bfb670dc41493596fbd449067f4116307d99d5fe3f08726a8
TXID: https://blockchain.info/tx/c05b9be5dec1230bfb670dc41493596fbd449067f4116307d99d5fe3f08726a8
July 05, 2013, 03:43:24 PM
Hey also I got a friend who just moved back to Sweeden dig up some stuff on KnC... check it out:
http://www.mediafire.com/?gl8l3xneto0994t
What's there to check other than a low starting capital http://www.mediafire.com/?gl8l3xneto0994t
July 05, 2013, 03:18:15 PM
Hey also I got a friend who just moved back to Sweeden dig up some stuff on KnC... check it out:
http://www.mediafire.com/?gl8l3xneto0994t
http://www.mediafire.com/?gl8l3xneto0994t
July 05, 2013, 03:16:04 PM
I sent you a PM about my share on the jupiter. Could you please confirm that you got my payment (and that everything else is okay)?
yup I marked you already
finally, sent you my payment for 1 share (saturn 11), please feel free to move to jupiter, I'm totally okay with that.
07c9a0639663f79259c512af801886bbef2527bfce02f9f20515d7303563e634
07c9a0639663f79259c512af801886bbef2527bfce02f9f20515d7303563e634
Shares are no longer .5 BTC each
they are .9 BTC due to drop in BTC prices!Would you like me to return the .5 or can you send more?
Quote
Shares for KnCMiner Saturn
https://www.kncminer.com/products/saturn
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total
Shares for KnCMiner Jupiter
https://www.kncminer.com/products/jupiter
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total
How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?https://www.kncminer.com/products/saturn
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total
Shares for KnCMiner Jupiter
https://www.kncminer.com/products/jupiter
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total
If i buy some shares of the Jupiter, when will the payouts begin? September?
Also, the figure for the Jupiter looks like a typo.
Yeah I know. What a headache. I wished they just stable around ~$100 to make everyone's lives easier.
Quote
Shares for KnCMiner Saturn
https://www.kncminer.com/products/saturn
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total
Shares for KnCMiner Jupiter
https://www.kncminer.com/products/jupiter
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total
How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?https://www.kncminer.com/products/saturn
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total
Shares for KnCMiner Jupiter
https://www.kncminer.com/products/jupiter
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total
If i buy some shares of the Jupiter, when will the payouts begin? September?
typo / forgot to edit.
KnC Said they will start shipping Sept / OCT
Jupiter 400GH/s Shares:
There is some miscalculation here. The sum is 75 shares with me. Also I am on this list, but the one on the first page is without me
Code:
1st KnC Jupiter:
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
czspeedycz - 3 BTC - 5 Shares
Total:
70 / 143 Shares
[/quote]
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
czspeedycz - 3 BTC - 5 Shares
Total:
70 / 143 Shares
[/quote]
There is some miscalculation here. The sum is 75 shares with me. Also I am on this list, but the one on the first page is without me
fixed sorry
About mining company. Honestly I don't think .100 mh/s will matter much unless you have like 20+ shares BUT
We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
That's... not a mining company at all.We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
Basically, my problem is I don't see why people who bought in later should be able to get more hashes for less money. Even in your example, the people on the Jupiters earn an extra ~$20 per week, without paying any more. And having people totally left in the cold if their machines stop working at absolutely no fault of their own... that's just bad.
Incorporate it as a proper mining company, with each share being equal. It's easier to account for, and fairer for everybody.
So... the whole idea of making a mining company is so that we do no need to track each machine separately. Once we figure out all the shares - then the total div is just the coin generated by the number of shares (less expenses). No need to track which machine is off line etc.
Like I said, you guys can decide and I am open up to whichever. I bought in on Saturn so if we do it separate I would be getting 2.56 gh/s per share but if you do it that method then I would get 2.60 gh/s
ALSO can we PLEASE PLEASE! Finish up saturn or should I move everyone to jupiter? I really don't see the point of 11th Saturn anymore :/
11th KnC Saturn:
Xeen - 1 BTC - 2 Shares
pickymeek - .5 BTC - 1 Share
juula - 10 BTC - 20 Shares
samos123 - 2 BTC - 4 Shares
annoEleni - $400 PP - 8 Shares - FB
jamesc760 - .5 BTC - 1 Share - reserved
annoJBerglund - $100 PP - 2 Shares
wolfskill - 1 BTC - 2 Shares
EsDva - 4 BTC - 8 Shares
mightycount $500 PP - 10 Shares
Bamdad - .55 BTC - 1 Share
Fantazygirl - $200 PP - 4 Shares
jongaper - .7 BTC - 1 Share
Total:
64 / 78 Shares[/code]
Jupiter 400GH/s Shares:
[code]
1st KnC Jupiter:
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
piecinitup - 1.1 BTC - 2 Shares
Gyu - $500 PP - 10 Shares
czspeedycz - 3BTC - 5 Shares
Total:
87 / 143 Shares
July 05, 2013, 02:02:13 PM
Going through PMs and replies now guys hang on 
crazy 4th of July indeed!
crazy 4th of July indeed!
July 05, 2013, 11:24:06 AM
finally, sent you my payment for 1 share (saturn 11), please feel free to move to jupiter, I'm totally okay with that.
07c9a0639663f79259c512af801886bbef2527bfce02f9f20515d7303563e634
07c9a0639663f79259c512af801886bbef2527bfce02f9f20515d7303563e634
July 05, 2013, 10:06:20 AM
Quote
Shares for KnCMiner Saturn
https://www.kncminer.com/products/saturn
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total
Shares for KnCMiner Jupiter
https://www.kncminer.com/products/jupiter
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total
How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?https://www.kncminer.com/products/saturn
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total
Shares for KnCMiner Jupiter
https://www.kncminer.com/products/jupiter
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total
If i buy some shares of the Jupiter, when will the payouts begin? September?
Also, the figure for the Jupiter looks like a typo.
July 05, 2013, 09:52:40 AM
Quote
Shares for KnCMiner Saturn
https://www.kncminer.com/products/saturn
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total
Shares for KnCMiner Jupiter
https://www.kncminer.com/products/jupiter
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total
How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?https://www.kncminer.com/products/saturn
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total
Shares for KnCMiner Jupiter
https://www.kncminer.com/products/jupiter
.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total
If i buy some shares of the Jupiter, when will the payouts begin? September?
July 05, 2013, 09:45:27 AM
If you want shares in the company to reflect the hash values of the shares in Saturn and Jupiter then you need to do the following:
Every Saturn share gets 11 shares in the new company.
Every Jupiter share gets 12 shares in the new company.
Each new share gets an equal dividend.
Just in case you think this does not reflect the hash/share values you can test it.
Lets say Mr Pink has 156 shares in Saturn and Mr Blue has 143 shares in Jupiter. This means that both of them are generating 400Gh/s. In the new company Mr Pink would have 156*11 or 1716 shares. Mr Blue would have 143*12 or 1716 shares. Both of them would get exactly the same payout for the same hash generation.
No matter what scheme is chosen for share allocation, under no circumstances should anybody lose their income if the machine they have a share in breaks down. The whole idea behind a company is shared costs, shared risk and shared reward.
edit: The reason you should not lose you income is because you will no longer have a share in an individual machine. Instead you will have a share is a group of machines.
Or we could do this:Every Saturn share gets 11 shares in the new company.
Every Jupiter share gets 12 shares in the new company.
Each new share gets an equal dividend.
Just in case you think this does not reflect the hash/share values you can test it.
Lets say Mr Pink has 156 shares in Saturn and Mr Blue has 143 shares in Jupiter. This means that both of them are generating 400Gh/s. In the new company Mr Pink would have 156*11 or 1716 shares. Mr Blue would have 143*12 or 1716 shares. Both of them would get exactly the same payout for the same hash generation.
No matter what scheme is chosen for share allocation, under no circumstances should anybody lose their income if the machine they have a share in breaks down. The whole idea behind a company is shared costs, shared risk and shared reward.
edit: The reason you should not lose you income is because you will no longer have a share in an individual machine. Instead you will have a share is a group of machines.
"Saturn 1 arrives: OP and his buddies get ~2.55GH/s for each share
Saturn 2: OP, his buddies, and the guys on Saturn 2 get ~2.55GH/s for each share.
[etc., etc.]
Saturn 10: Everyone on Saturns 1-10 get ~2.55GH/s for each share (this assuming that we get the first 10 Saturns, then the Jupiter, then the 11th Saturn)
Juptier: Everyone on Saturns 1-10, plus Jupiter 1, get ~2.61GH/s per share
All machines: Everybody gets ~2.6GH/s per share.
Then, if we keep buying more Jupiters, people get their shares as their machines come in, and everybody's hashrate goes up."
We don't have to worry about who's on which Saturn, who's on the Jupiter, whatever. The only consequence of which machine you're on is in which order you start getting your payouts.
July 05, 2013, 06:54:06 AM
If you want shares in the company to reflect the hash values of the shares in Saturn and Jupiter then you need to do the following:
Every Saturn share gets 11 shares in the new company.
Every Jupiter share gets 12 shares in the new company.
Each new share gets an equal dividend.
Just in case you think this does not reflect the hash/share values you can test it.
Lets say Mr Pink has 156 shares in Saturn and Mr Blue has 143 shares in Jupiter. This means that both of them are generating 400Gh/s. In the new company Mr Pink would have 156*11 or 1716 shares. Mr Blue would have 143*12 or 1716 shares. Both of them would get exactly the same payout for the same hash generation.
No matter what scheme is chosen for share allocation, under no circumstances should anybody lose their income if the machine they have a share in breaks down. The whole idea behind a company is shared costs, shared risk and shared reward.
edit: The reason you should not lose you income is because you will no longer have a share in an individual machine. Instead you will have a share is a group of machines.
Every Saturn share gets 11 shares in the new company.
Every Jupiter share gets 12 shares in the new company.
Each new share gets an equal dividend.
Just in case you think this does not reflect the hash/share values you can test it.
Lets say Mr Pink has 156 shares in Saturn and Mr Blue has 143 shares in Jupiter. This means that both of them are generating 400Gh/s. In the new company Mr Pink would have 156*11 or 1716 shares. Mr Blue would have 143*12 or 1716 shares. Both of them would get exactly the same payout for the same hash generation.
No matter what scheme is chosen for share allocation, under no circumstances should anybody lose their income if the machine they have a share in breaks down. The whole idea behind a company is shared costs, shared risk and shared reward.
edit: The reason you should not lose you income is because you will no longer have a share in an individual machine. Instead you will have a share is a group of machines.
July 04, 2013, 03:29:49 PM
I too am missing from the Jupiter list:
Perhaps what we should do, if we're all serious about turning this into a mining company, is to maybe freeze the purchasing of machines until we have the dividend distribution worked out?
I second this. 1 share of Jupiter bought for .55 BTC
TXID: https://blockchain.info/tx/c05b9be5dec1230bfb670dc41493596fbd449067f4116307d99d5fe3f08726a8
TXID: https://blockchain.info/tx/c05b9be5dec1230bfb670dc41493596fbd449067f4116307d99d5fe3f08726a8
Perhaps what we should do, if we're all serious about turning this into a mining company, is to maybe freeze the purchasing of machines until we have the dividend distribution worked out?
July 04, 2013, 12:23:04 PM
I too am missing from the Jupiter list:
Perhaps what we should do, if we're all serious about turning this into a mining company, is to maybe freeze the purchasing of machines until we have the dividend distribution worked out?
1 share of Jupiter bought for .55 BTC
TXID: https://blockchain.info/tx/c05b9be5dec1230bfb670dc41493596fbd449067f4116307d99d5fe3f08726a8
TXID: https://blockchain.info/tx/c05b9be5dec1230bfb670dc41493596fbd449067f4116307d99d5fe3f08726a8
Perhaps what we should do, if we're all serious about turning this into a mining company, is to maybe freeze the purchasing of machines until we have the dividend distribution worked out?
July 04, 2013, 06:05:35 AM
Whats the order info for the already paid Saturn's?
Does anyone have information if KNC assembly is delayed?
Does anyone have information if KNC assembly is delayed?
July 04, 2013, 05:28:56 AM
@ragingazn628:
Looks like my last transaction is not yet included in Saturn 11.
Looks like my last transaction is not yet included in Saturn 11.
Message:
Sig:
Quote
0.6 for 1 share of Saturn 11.
m_yaw
https://blockchain.info/de/tx/965f9eaf29ed20833936f8d77b25cec90ab833e3b1d425c091b118243ab265b6
m_yaw
https://blockchain.info/de/tx/965f9eaf29ed20833936f8d77b25cec90ab833e3b1d425c091b118243ab265b6
Sig:
Quote
GzIxD+LvnaflLLxCb/ciRSnBFf5NXIcl+/x4GsEMa0hB/+1mlLl9pGA3XOKXKsDmlKEnOvVgiH4pOqO6v48AEZ4=
July 04, 2013, 02:27:39 AM
Jupiter 400GH/s Shares:
There is some miscalculation here. The sum is 75 shares with me. Also I am on this list, but the one on the first page is without me
Code:
1st KnC Jupiter:
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
czspeedycz - 3 BTC - 5 Shares
Total:
70 / 143 Shares
[/quote]
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
czspeedycz - 3 BTC - 5 Shares
Total:
70 / 143 Shares
[/quote]
There is some miscalculation here. The sum is 75 shares with me. Also I am on this list, but the one on the first page is without me
July 03, 2013, 10:09:26 PM
About mining company. Honestly I don't think .100 mh/s will matter much unless you have like 20+ shares BUT
We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
That's... not a mining company at all.We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
Basically, my problem is I don't see why people who bought in later should be able to get more hashes for less money. Even in your example, the people on the Jupiters earn an extra ~$20 per week, without paying any more. And having people totally left in the cold if their machines stop working at absolutely no fault of their own... that's just bad.
Incorporate it as a proper mining company, with each share being equal. It's easier to account for, and fairer for everybody.
The point is not who bought in when. The point is who bought a share for what machine (Jupiter or Saturn). If we gonna make all shares equal would that also mean that people who bought shares later would get BTC right away (as the first Saturn starts mining) and the promised/calculated hash rate is not achieved until all machines are mining? Also equal shares are not mentioned in the survey, so we/ragingazn628 have/has no wide spread opinion about this.
Note that I'm neither pro nor contra for equal shares since the current conditions are somewhat unclear to me.
Saturn 1 arrives: OP and his buddies get ~2.55GH/s for each share
Saturn 2: OP, his buddies, and the guys on Saturn 2 get ~2.55GH/s for each share.
[etc., etc.]
Saturn 10: Everyone on Saturns 1-10 get ~2.55GH/s for each share (this assuming that we get the first 10 Saturns, then the Jupiter, then the 11th Saturn)
Juptier: Everyone on Saturns 1-10, plus Jupiter 1, get ~2.61GH/s per share
All machines: Everybody gets ~2.6GH/s per share.
Then, if we keep buying more Jupiters, people get their shares as their machines come in, and everybody's hashrate goes up.
+1 this!
July 03, 2013, 09:58:18 PM
About mining company. Honestly I don't think .100 mh/s will matter much unless you have like 20+ shares BUT
We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
That's... not a mining company at all.We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
Basically, my problem is I don't see why people who bought in later should be able to get more hashes for less money. Even in your example, the people on the Jupiters earn an extra ~$20 per week, without paying any more. And having people totally left in the cold if their machines stop working at absolutely no fault of their own... that's just bad.
Incorporate it as a proper mining company, with each share being equal. It's easier to account for, and fairer for everybody.
The point is not who bought in when. The point is who bought a share for what machine (Jupiter or Saturn). If we gonna make all shares equal would that also mean that people who bought shares later would get BTC right away (as the first Saturn starts mining) and the promised/calculated hash rate is not achieved until all machines are mining? Also equal shares are not mentioned in the survey, so we/ragingazn628 have/has no wide spread opinion about this.
Note that I'm neither pro nor contra for equal shares since the current conditions are somewhat unclear to me.
Saturn 1 arrives: OP and his buddies get ~2.55GH/s for each share
Saturn 2: OP, his buddies, and the guys on Saturn 2 get ~2.55GH/s for each share.
[etc., etc.]
Saturn 10: Everyone on Saturns 1-10 get ~2.55GH/s for each share (this assuming that we get the first 10 Saturns, then the Jupiter, then the 11th Saturn)
Juptier: Everyone on Saturns 1-10, plus Jupiter 1, get ~2.61GH/s per share
All machines: Everybody gets ~2.6GH/s per share.
Then, if we keep buying more Jupiters, people get their shares as their machines come in, and everybody's hashrate goes up.
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