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Topic
Board Group buys
Re: [Live - Group Buy].5BTC = 2.8Gh/s KNCminer Jupiter/Saturn *10 Sold [Selling #11]
by
ImThat1Guy
on 01/07/2013, 20:31:16 UTC
We all seem to be in agreement of incorporating it into a mining company, so why are people being moved to Jupiters? They'd still get those hashes when the Jupiters are incorporated into the company, but they'd just have to wait even longer to have a stake because they're on one of the last machines.

Basically, if the people on Saturn 11 stay there, they'll be getting ~2.5Gh/s per share once the 11th Saturn comes in, then ~2.7Gh/s (or whatever the total value with the Jupiter included) once the Jupiter arrives.
If they move to the Jupiters, they'll get nothing until the Jupiter comes in, then ~2.7Gh/s afterwards.

tldr people moving to Jupiters are losing out if this is to become a mining company.


I thought that the units were ordered once the btc was available to pay for them, which would mean that the Jupiter would arrive before the last Saturn since people are moving from the Saturn to the Jupiter
Oh yeah... I didn't think of that. More likely than not, the Jupiter will come in earlier, since everyone's switching over. And that's good for all of us, because we get the Jupiter in the pool even sooner!

We all seem to be in agreement of incorporating it into a mining company, so why are people being moved to Jupiters? They'd still get those hashes when the Jupiters are incorporated into the company, but they'd just have to wait even longer to have a stake because they're on one of the last machines.

Basically, if the people on Saturn 11 stay there, they'll be getting ~2.5Gh/s per share once the 11th Saturn comes in, then ~2.7Gh/s (or whatever the total value with the Jupiter included) once the Jupiter arrives.
If they move to the Jupiters, they'll get nothing until the Jupiter comes in, then ~2.7Gh/s afterwards.

tldr people moving to Jupiters are losing out if this is to become a mining company.


Well let's say machine #1-3 comes first but the others haven't only people who paid for those shares are getting profit.

If we have 10 Saturns and 10 Jupiter then payouts would still be based on the hash rate which is 2.56 GH/s for Saturn and 2.80 GH/s for Jupiter NOT total X share of Total X Share

or we can do something like weighted share where 2.56 gh/s = 1 share and 2.8Gh/s would = 1.1 Share (this is just an example)
Wait... say we have 10 Saturns, at 200GH/s each, and 1 Jupiter, at 400GH/s each, totaling 2400GH/s. A total of 923 shares (78*10+143) have been issued to buy those. That equates to almost exactly 2.6GH/s per share. Doesn't that mean every shareholder gets 2.6GH/s, regardless of which machine they "bought", and the only meaning of who bought what first is in what order they get their shares?