pm me if interested.
Topic: [SOLD OUT] Ninja Group Buy .35BTC=30GH - 30 ANTs + Day 1 Netpune [0/300] - page 5. (Read 19048 times)
February 27, 2014, 08:56:50 AM
pm me if interested.
February 27, 2014, 07:37:43 AM
But WHEN is the Neptune going to be delivered? Without knowing that I can't really see anyone being keen to buy shares. I was interested at first until I did the sums.
This isn't something MWNinja can answer.
You can start here.
https://bitcointalksearch.org/topic/knc-miner-list-of-orders-neptune-348957
https://bitcointalksearch.org/topic/swedish-asic-miner-company-kncminercom-170332
Fair enough - "I don't know, we haven't received a delivery date yet" would be a perfectly acceptable answer.
But the OP did talk about "March/April" timeframe and there were later posts about the cloud-hashing facility KnC were proposing, in case of "delays" to their timeline - any developments on that?
February 27, 2014, 07:09:47 AM
But WHEN is the Neptune going to be delivered? Without knowing that I can't really see anyone being keen to buy shares. I was interested at first until I did the sums.
This isn't something MWNinja can answer.
You can start here.
https://bitcointalksearch.org/topic/knc-miner-list-of-orders-neptune-348957
https://bitcointalksearch.org/topic/swedish-asic-miner-company-kncminercom-170332
February 27, 2014, 03:30:51 AM
Remember on this one there are no additional hosting fees for the Neptune, so we should be in good shape when that is delivered. Also you can add a share of Group Buy #5 (NO HOSTING FEES) and get an additional 300khash scrypt added into your equation.
And don't forget you are also welcome to pay your hosting fees using USD, so that you can continue to receive the maximum amount of BTC available. We are handing those payments manually at the moment, but it will soon be automated as well.
Also remember that the price of BTC is a huge factor here ~ a big increase and the hosting costs become rather negligible. Once this Gox mess is behind us, I expect to get back to a growth phase.
Of course you can also trade off your shares....since we don't currently have any public group buys, there is demand from newbs that want to participate in Group Buy #5.
And don't forget you are also welcome to pay your hosting fees using USD, so that you can continue to receive the maximum amount of BTC available. We are handing those payments manually at the moment, but it will soon be automated as well.
Also remember that the price of BTC is a huge factor here ~ a big increase and the hosting costs become rather negligible. Once this Gox mess is behind us, I expect to get back to a growth phase.
Of course you can also trade off your shares....since we don't currently have any public group buys, there is demand from newbs that want to participate in Group Buy #5.
But WHEN is the Neptune going to be delivered? Without knowing that I can't really see anyone being keen to buy shares. I was interested at first until I did the sums.
I agree that the position will be much improved when the Neptune comes online but it won't change the fact that the AntMiners will become uneconomical at some point - do we really want to use the Neptune to underwrite the loss making AntMiners?
Regarding paying in USD, with a low BTC value that would be attractive but sadly only for US residents I suspect.
Absolutely I agree that the low BTc value is a major issue, but I fear it will take a long while to recover from the Gox and other bad news.
February 26, 2014, 06:54:22 PM
Remember on this one there are no additional hosting fees for the Neptune, so we should be in good shape when that is delivered. Also you can add a share of Group Buy #5 (NO HOSTING FEES) and get an additional 300khash scrypt added into your equation.
And don't forget you are also welcome to pay your hosting fees using USD, so that you can continue to receive the maximum amount of BTC available. We are handing those payments manually at the moment, but it will soon be automated as well.
Also remember that the price of BTC is a huge factor here ~ a big increase and the hosting costs become rather negligible. Once this Gox mess is behind us, I expect to get back to a growth phase.
Of course you can also trade off your shares....since we don't currently have any public group buys, there is demand from newbs that want to participate in Group Buy #5.
And don't forget you are also welcome to pay your hosting fees using USD, so that you can continue to receive the maximum amount of BTC available. We are handing those payments manually at the moment, but it will soon be automated as well.
Also remember that the price of BTC is a huge factor here ~ a big increase and the hosting costs become rather negligible. Once this Gox mess is behind us, I expect to get back to a growth phase.
Of course you can also trade off your shares....since we don't currently have any public group buys, there is demand from newbs that want to participate in Group Buy #5.
February 26, 2014, 04:57:49 PM
Please give us some insight in your calculations. A revenue of only 0.05184544btc per share is really not much and would mean that this GB would have be getting only 300 x 0.05184544 = 15.55 NET earnings in the comming 9 weeks.
Total weekly hosting cost for this GB is 4.49 x 300 = $1347 with btc@573 that means 2.35btc of hosting costs per week. Which is ofcourse huge. Making the expected gross revenue of 9x 2.35 = 21.15 + 15.55 = 36.7btc
So in your calculations you expect this GB to mine about 36.7btc the comming 9 weeks?
IF KNC is delivering their first batch of Neptunes as promised (before 31st of March) than we should receive this unit around the time these ANTs are getting obsolete.
Personally I did not look into the hosting costs that much before and thought these were $4,49 a share per month instead of per week! Probably thought this because it said, first month of hosting free, afterwards 4,49 a/share (per week). Must say that the hosting cost for just 1 ANT is quite huge @194.56 USD a month.
You are basically spot on.
Hosting costs are fixed at $1,347 per week
With a BTC price of $573 that equals 2.35078534 BTC per week
Looking over the last few weeks earnings
Week 3 was 9.000 BTC
Week 4 was 8.200 BTC (91.11% of week 3)
Week 5 was 7.44682813 BTC (90.81498% of week 4)
Week 6 was 6.600 BTC (88.62834% of week 5)
Averaged out that gives the 90.1848% week to week figure.
I ignored weeks 1, 2 and 3 as they were odd (week 1 was low due to the time to get everything up and running; week 3 unusually low and would skew the numbers even lower).
If you apply the 90.1848% as a forward projection you get:
Week 7 (forecast) 5.9521968
Week 8 (forecast) 5.36797678
Week 9 (forecast) 4.841099123
Week 10 (forecast) 4.365935562
Week 11 (forecast) 3.937410254
Week 12 (forecast) 3.550945563
Week 13 (forecast) 3.202413154
Week 14 (forecast) 2.888089898
Week 15 (forecast) 2.604618099
Week 16 (forecast) 2.348969623
As you will note Week 16 is when we drop below the forecast hosting cost of 2.3507. So I ignore that week on the basis that I hope we won't run at a loss and adding up weeks 7 to 15 gives total earnings of 36.71068523
Less the hosting fees - 9 x 2.35078534 = 21.15706806
Thus net earnings of 15.55361717 or 0.051845391 per share.
February 26, 2014, 04:37:49 PM
Is there any news on the delivery dates for the Neptunes for the various group buys?
I haven't done the sums yet but at the current rates (increasing difficulty combined with a falling BTC value) GB1 looks like it will become uneconomical quite soon, and presumably the others will follow.
I haven't done the sums yet but at the current rates (increasing difficulty combined with a falling BTC value) GB1 looks like it will become uneconomical quite soon, and presumably the others will follow.
OK, I have done some sums and estimates of future earnings and they don't look pretty.
Using the following assumptions:
1. hashrate remains constant (that is to say I am considering the AntMiners only and ignoring the effect of the Neptune when it comes online)
2. current downtrend of earnings continues - the three week average gives week N+1 earnings = 90.1848% of week N earnings
3. current BTC $ value remains constant (ha ha!); I used a Coindesk value of $573.00, earlier today, 26 Feb
My projection is:
A. we have 9 more weeks of profitable mining until AntMiner hosting costs exceed weekly return
B. aggregate return over those 9 weeks = BTC 0.05184544 / share
We really need to see the Neptune come into the picture - do we have any information on when it or its hashes are due?
Happy to share the full calculations if people are interested.
Please give us some insight in your calculations. A revenue of only 0.05184544btc per share is really not much and would mean that this GB would have be getting only 300 x 0.05184544 = 15.55 NET earnings in the comming 9 weeks.
Total weekly hosting cost for this GB is 4.49 x 300 = $1347 with btc@573 that means 2.35btc of hosting costs per week. Which is ofcourse huge. Making the expected gross revenue of 9x 2.35 = 21.15 + 15.55 = 36.7btc
So in your calculations you expect this GB to mine about 36.7btc the comming 9 weeks?
IF KNC is delivering their first batch of Neptunes as promised (before 31st of March) than we should receive this unit around the time these ANTs are getting obsolete.
Personally I did not look into the hosting costs that much before and thought these were $4,49 a share per month instead of per week! Probably thought this because it said, first month of hosting free, afterwards 4,49 a/share (per week). Must say that the hosting cost for just 1 ANT is quite huge @194.56 USD a month.
February 26, 2014, 02:04:07 PM
Is there any news on the delivery dates for the Neptunes for the various group buys?
I haven't done the sums yet but at the current rates (increasing difficulty combined with a falling BTC value) GB1 looks like it will become uneconomical quite soon, and presumably the others will follow.
I haven't done the sums yet but at the current rates (increasing difficulty combined with a falling BTC value) GB1 looks like it will become uneconomical quite soon, and presumably the others will follow.
OK, I have done some sums and estimates of future earnings and they don't look pretty.
Using the following assumptions:
1. hashrate remains constant (that is to say I am considering the AntMiners only and ignoring the effect of the Neptune when it comes online)
2. current downtrend of earnings continues - the three week average gives week N+1 earnings = 90.1848% of week N earnings
3. current BTC $ value remains constant (ha ha!); I used a Coindesk value of $573.00, earlier today, 26 Feb
My projection is:
A. we have 9 more weeks of profitable mining until AntMiner hosting costs exceed weekly return
B. aggregate return over those 9 weeks = BTC 0.05184544 / share
We really need to see the Neptune come into the picture - do we have any information on when it or its hashes are due?
Happy to share the full calculations if people are interested.
February 25, 2014, 05:03:33 PM
Really the btc wouldn't even have to pass through your wallet. As long as you were made aware before and after with the sending and receiving wallet addys the blockchain could provide proof of the transaction if there was a dispute.
We will be charging a small fee for doing the transfer, currently set at .003 btc. We can't legally offer escrow services; but to protect the buyer some sort of escrow is really needed. We could do it with multisig addresses, but unfortunately that's not exactly user friendly. Any ideas?
Don't think a physical escrow is needed.
Seller sends a message to MWninja with info about the sales, amount of shares to be sold, price in btc and btc wallet to which dividends are sent. Seller sents a cc to the buyer.
Buyer sents funds to the appropriate wallet and replies to Seller and MWninja with tx id. Seller will confirm receiving of the funds and sent a reply to MWninja to alter the ownership details. MWninja will edit shareholder files and update it with the dividend address of the buyer.
In case the buyer doesn't pay, than the agreement is void and shares remain in posession of the seller.
In case the buyer does pay but the seller won't confirm the receiving of the funds, MWninja can check the blockchain and change the ownership details accordingly.
With the above MWninja doesn't need to act as an escrow, he only acts as a administrator of the shares ownership.
Ofcourse MWninja can ask a fee for ownership changes in order to prevent an outrageous amount of ownership transfers. Personally I don't think there will be alot of trades.
Cheers all
PS: if anyone is interested, I have 5 shares for sale in GB #1 and 5 shares in GB #3. PM me with your offer.
February 25, 2014, 03:37:42 PM
If it helps I would be willing to do escrow if people would be willing to trust me.
I think most people on here are familiar with sigs in the GB section but just gonna throw it out there I'm willing to do it.
I think most people on here are familiar with sigs in the GB section but just gonna throw it out there I'm willing to do it.
February 25, 2014, 09:10:24 AM
Really the btc wouldn't even have to pass through your wallet. As long as you were made aware before and after with the sending and receiving wallet addys the blockchain could provide proof of the transaction if there was a dispute.
We will be charging a small fee for doing the transfer, currently set at .003 btc. We can't legally offer escrow services; but to protect the buyer some sort of escrow is really needed. We could do it with multisig addresses, but unfortunately that's not exactly user friendly. Any ideas?
February 24, 2014, 10:02:18 PM
Really the btc wouldn't even have to pass through your wallet. As long as you were made aware before and after with the sending and receiving wallet addys the blockchain could provide proof of the transaction if there was a dispute.
February 24, 2014, 09:54:29 PM
I have 3 shares I'm willing to sell. Looking for .25 each. Shoot me a pm if interested.
We're working on a process to enable trading; it really needs a trusted 3rd party escrow to be done right.For a small fee of course. Can't have your working for nothing right
February 24, 2014, 09:30:22 PM
I have 3 shares I'm willing to sell. Looking for .25 each. Shoot me a pm if interested.
We're working on a process to enable trading; it really needs a trusted 3rd party escrow to be done right. February 24, 2014, 11:47:37 AM
I have 3 shares I'm willing to sell. Looking for .25 each. Shoot me a pm if interested.
February 24, 2014, 02:20:37 AM
Is there any news on the delivery dates for the Neptunes for the various group buys?
I haven't done the sums yet but at the current rates (increasing difficulty combined with a falling BTC value) GB1 looks like it will become uneconomical quite soon, and presumably the others will follow.
I haven't done the sums yet but at the current rates (increasing difficulty combined with a falling BTC value) GB1 looks like it will become uneconomical quite soon, and presumably the others will follow.
February 23, 2014, 01:43:38 PM
Dividend - Week #6
Total Earnings: 6.6BTC Payout Addr
Total Shares: 300
Hosting fees: 2.176752 $4.49x300@$618.81/BTC
Amount per share: 0.01474
Tx Fee: .0125 Transaction
Notes:We delayed processing the payout to get a better exchange rate. Low price of BTC makes hosting expensive.
Make sure to check out our updated website http://coinninja.com/GroupBuy/
Total Earnings: 6.6BTC Payout Addr
Total Shares: 300
Hosting fees: 2.176752 $4.49x300@$618.81/BTC
Amount per share: 0.01474
Tx Fee: .0125 Transaction
Notes:We delayed processing the payout to get a better exchange rate. Low price of BTC makes hosting expensive.
Make sure to check out our updated website http://coinninja.com/GroupBuy/
February 23, 2014, 02:26:09 AM
We have to deploy 30 more miners still for Group #5, eat some dinner, and then I will do the payouts. We have been working non stop since the miners arrived to deploy them.
Just received .044... was that payout 6 for my 3 shares??? 
Those hosting fees are killing us... Any word on the neptune?
February 23, 2014, 01:24:06 AM
Waiting
February 22, 2014, 08:22:04 PM
We have to deploy 30 more miners still for Group #5, eat some dinner, and then I will do the payouts. We have been working non stop since the miners arrived to deploy them.
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