Quote from: ImThat1Guy on July 04, 2013, 01:58:18 AM

Quote from: Faerbit on July 03, 2013, 09:54:40 PM

Quote from: ImThat1Guy on July 03, 2013, 06:11:52 PM

Quote from: ragingazn628 on July 03, 2013, 03:50:52 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.

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.

Read what siliclone wrote a few posts above. Only people who's machine is active get the hashes. Below is an explanation of what should happen. I explained it as if we finish up buying the 11th Saturn and the one Jupiter, and then close down the buy, just for the sake of simplicity.

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!