Post
Topic
Board Securities
Re: [BitFunder] Fenix. Hashing from the ashes of Bakewell.
by
TradeFortress 🏕
on 21/10/2013, 07:47:38 UTC
Fenix should have generated >95 BTC but only 80 BTC have been paid out. Was the rest for power costs and management fees?


2 monthy ago we could have sold the avalons for > 200 BTC. Now Fenix is as bust as Bakewell.
We took a vote on how we should proceed upon receiving the units. IIRC only 1 person voted to sell the units.
> 200 BTC is a very optimistic figure for a sale price, it might have been only ~125 BTC. We have mined > 91 BTC with our units so far.

3% Btcguild fee, plus electricity costs, yes.