Hohohoho Bitcoinorama
Check your Jar, just send you enough to pay for a nice hotel room in Stockholm.
Thanks again for all your hard work!!!!
If I can breakeven in BTC I will send you more.
Hope my fellow miners who are in the same situation as I am will tip you nicely too. As a gentleman bitcoiner, my integrity is high enough to call a spade a spade and credit these who have been helping me in my success.
It looks like my request to get the hashing power sold by KNC has been granted. So according to the press release, they currently sold almost 70% of the total Hash Rate or base on 4 Pentahash world wide, they sold less than 2.8 P/H.
For our exemple, lets pretend that no one will deliver any extra hashpower so the Hash Rate remain constant (very very unlikely); it will take over 64 days before getting a positive ROI in BTC (I paid the equivalent of 72 BTC (including transport and PSU) in June and it has mine just over 30 BTC in 30 days, I am getting 0.65 BTC a day.) When Avalon was pricing its miners, the ROI in BTC was supposed to take about 1 month. So honestly, we can say that KNC knew their miners would never attain profitability. I hoped I was wrong about it because what they did was phenomenal but the numbers speak for themselves.
Please, please Bitcoinorama, tell me where my calculation is wrong.
Let's discuss about it in a Gentleman way,would you.
Check your Jar, just send you enough to pay for a nice hotel room in Stockholm.
Thanks again for all your hard work!!!!
If I can breakeven in BTC I will send you more.
Hope my fellow miners who are in the same situation as I am will tip you nicely too. As a gentleman bitcoiner, my integrity is high enough to call a spade a spade and credit these who have been helping me in my success.
It looks like my request to get the hashing power sold by KNC has been granted. So according to the press release, they currently sold almost 70% of the total Hash Rate or base on 4 Pentahash world wide, they sold less than 2.8 P/H.
For our exemple, lets pretend that no one will deliver any extra hashpower so the Hash Rate remain constant (very very unlikely); it will take over 64 days before getting a positive ROI in BTC (I paid the equivalent of 72 BTC (including transport and PSU) in June and it has mine just over 30 BTC in 30 days, I am getting 0.65 BTC a day.) When Avalon was pricing its miners, the ROI in BTC was supposed to take about 1 month. So honestly, we can say that KNC knew their miners would never attain profitability. I hoped I was wrong about it because what they did was phenomenal but the numbers speak for themselves.
Please, please Bitcoinorama, tell me where my calculation is wrong.
Let's discuss about it in a Gentleman way,would you.
They didn't say they had 70% of the hashrate, only 70% of coins produced..which sounds a lot like BS since they can't possibly measure that given all the pools involved?
They said a few things that they didn't mean or didn't follow through on...a glaring one being a smaller customer base that they could support properly and same day hashing for hosted rigs...and the mighty Oct 15th delivery deadline Never believe a salesman over the experience of buyers.
They priced rigs in dollars, probably aimed for a dollar profit too? The rise in BTC vs dollar may save them there. No-one could predict 260 a pop today though so I'd go with your assumption that they thought they'd never break even in BTC terms.