Quote from: DrG on March 28, 2013, 08:12:09 AM

Quote from: samborambo on March 28, 2013, 07:24:33 AM

Quote from: CoinHoarder on March 28, 2013, 03:42:40 AM

Quote from: silvercoins on March 28, 2013, 02:16:16 AM

Hello everyone. I just wanted to introduce myself. I'm excited to be a part of the group. I got 8 BTC in the mix!

Does that equate to roughly a 1/103 (8btc/824btc)? Just checking to see if I have roughly the right numbers. Also, with 8 4mod units we have 640,000 mh? or 640/gh. I enjoy a little trading and collecting. Thanks for any help out there.

Hi, I've been working on the numbers all night and am maybe about 1/2 through confirming investors deposits, payout addresses, and forum names. I took a break to check the forums and.. umm... crunch some more numbers.

A crude estimate of your monthly portion of the profits can be calculated by using the following formula:

(X-409.08) * .98 * .97 * (Y/715.694) = Your portion of profit in USD

Note: Enter X in USD and Y in BTC
X= Net profit (without power costs/pool fee/my fee)
409.08 = Power costs I expect to be about $409.08/month
.98 = pools 2% fee (may be a little more or less depending on what pool we choose)
.97 = my 3% fee
Y= your investment in BTC
715.694 = total amount invested in BTC (this number is not exact, but very close)

With the above formula, use any Bitcoin mining calculator with these numbers: 595,000 Mh @ 5600 watts.

I hope my above math is correct, someone please check me. I have been dealing with numbers with many decimal places for hours now.. at my day job aswell.. Cry

Thanks CH. Sounds legit.

If the 30 day break even is correct, the mining sindicate should average one block mined every day. So why join a pool?

Sam.

Because even if you had all 7 units at once, on the off chance you have really bad luck and don't get a block for 7 days the difficulty would probably reset to an even higher level. Think it can't happen. See how many times BTCGuild has not mined a block for over and 2 or 3 hours (happened frequently for me over there, but then again I am cursed with bad luck).

We can have a luck as well... I think when ASICs'll arrive we should just vote. We can also mine in pool for some time and then start solo mining.
It is just a thought.