Post
Topic
Board Securities
Re: XPM Coin Miner [ONLY 2 remaining!!!!] XPM Computing Mining Subscriber Shares
by
maco
on 21/08/2013, 08:23:16 UTC
I think we subscribers understand that this operation will take a bit of tweaking to get going at full speed, and are willing to give you every chance to do that.

However:

Quote
So, this is really the only method available for us, investors, to generate coins.

This is simply not true.  Anyone who believes in the long-term future of Primecoin can buy them at an exchange.  A bought coin is the same as a mined coin, and will yield the same profit.

Let's work through an example using a recent price at mcxNOW, namely 1 XPM = .007 BTC.  For the .5 BTC per week subscription, I could buy 70 XPM per week, or 10 XPM / day.  If mining yields more than 10 XPM per share per day, then I am better off mining than buying.

If mining yields less than 10 XPM per share per day, then we are all better off buying XPM than mining.

Quote
We are currently pacing 200 XPM earnings per day.

Divided by 50 shares, that sounds like 4 XPM per share per day.  Can you get this up to 10 XPM per share per day?  Seriously, the subscribers do not need 4 XPM per share per day plus a pep talk about the long-term potential of Primecoin, they need 10 XPM per share per day.

It sounds like you have to rent the servers a month at a time, but the funds are coming in week by week, so you can't deploy all the servers at the beginning.  Is that correct?  If so, you should have told people up front that they would be mining at a loss for the first few weeks.

What we really need is a spreadsheet showing how this operation gets up to 10 XPM per share per day as new servers are deployed.  I'd be happy to prepare such a spreadsheet, if you will give me some information, such as cost per server and XPM per server per day.


I think we can achieve and pass 10 XPM this week, and maybe I didn't word the deployment part properly. I want to do more than 200+ servers... so, in essence, we are at 5 XPM per share without full deployment (half way there) and we are going to surpass 10 XPM within a few days (I hope)... but rewards are going down too daily, so that is another challenge, but we should be able to overcome that.

I have deployed servers in the beginning but receiving the funds to pay for the servers has been a delay.
We are currently operating at about 100+ servers... and have more to go in the next couple days.

This is just an announcement so you know what is happening. I am the type of person who keeps an open communication.