Quote from: norulezapply on June 27, 2013, 11:29:42 PM

Quote from: ragingazn628 on June 27, 2013, 11:26:11 PM

Quote from: COINPRADER on June 27, 2013, 10:53:13 PM

Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...

Wow great idea!!!

I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!

If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)

of course. Each share for saturn is 2.56 Gh/s so why would your hashrate lower? if we combine all 10 machines to a "company" it will be 780 shares total and 2000 gh/s total.

Quote from: norulezapply on June 27, 2013, 11:57:29 PM

Quote from: COINPRADER on June 27, 2013, 11:55:53 PM

Quote from: norulezapply on June 27, 2013, 11:29:42 PM

Quote from: ragingazn628 on June 27, 2013, 11:26:11 PM

Quote from: COINPRADER on June 27, 2013, 10:53:13 PM

Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...

Wow great idea!!!

I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!

If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)

I would think each share's hash rate would be the same. The major difference would be that each share is not connected to a specific machine. This spreads the risk of a failed machine across the entire company. Essentially the math is the same - right now it is X number of Gigahashes per machine divided by Y number of shares = 2.56 Gigashashes per share. The new company would be X number of Terrahashes for the company divided by Y number of shares = 2.56 Gigahashes per share (solve for Y). With this method, we can still keep purchasing units to add to the company (until some cutoff date - maybe the first shipped machine). This should make tracking our investments easier and make it much easier for ragingazn628 to keep track and get those dividends to us!
If we got quite a few more machines - we could even consider setting up with one of the exchanges to make the shares transferable (sell/buy). With enough of us (and enough equipment), there is no reason that this needs to end after 2 years.

That works for me, with the exception of people that ordered first on the first machines should get their shares paying out first of course. That would need to be managed somehow IMO

yup obviously there would be a bit of a gap when the machines arrive but we can keep adding them together as they come.

Quote from: ImThat1Guy on June 28, 2013, 12:53:52 AM

Quote from: ragingazn628 on June 27, 2013, 11:26:11 PM

Quote from: COINPRADER on June 27, 2013, 10:53:13 PM

Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...

Wow great idea!!!

I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!

Yeah, please do this. It's a lot more fair to early adopters like me. Plus, it's a lot simpler and easier to account for, like you said.

I'm down for the "mining company"! You guys are the share holders! You decide!

Ok let's start the train for Jupiter miner! Let me know if you guys want to move your shares from Machine #11 to Jupiter!

What are you investing in?

Shares for KnCMiner Saturn

https://www.kncminer.com/products/saturn

.55 BTC - Minimum
.55 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.56Gh/s
78 Shares total

Shares for KnCMiner Jupiter

I increased the BTC to .55 min because BTC is dipping down from ~$100 to $94 Sad

https://www.kncminer.com/products/jupiter

.55 BTC - Minimum
.55 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total

P.S Today is my birthday! Yay +1 for me! tips definitely appreciated so I can get tipsy tonight Wink