Re: [OPEN] Confirmed*PAID* USA NO VAT KnC Neptune#3 - .25 BTC = 17 Shares = ~60 Gh/s
I like your idea, I also think 4% is pretty fair. However, letting him keep the altcoins is not fair because who knows how much they worth in the future. I suggest that 4% for him and he needs to exchange the NMC to BTC for now and save the other altcoins in his account and them out in the future.
I spoke with him on the phone to help him configure ghash.io payouts which are in %. The miners have been mining there for a day or so and he says there is about 1.10 BTC accumulated.
I am in another group buy that is using ghash.io for the same reasons of share holder payout and it has been running very smooth - i like the daily auto-payouts. But we have to resolve the issue of percentage prior to being able to implement the autopayout.
Anyway, I believe his fee orginally was 2%, so that would come out of our shares (ie. if i had 39 of 390 shares, 10% would be my share - 2%).
He was originally doing fixed electric which would be complicated to do on a percentage and would require constant fiddling with numbers which is an invitation to a mistake IMHO. What we do on the other GB is give 2% additional for electric/maintenance etc). So that would make a 10% share 9.60% (check my math??)
I understand he wants 5% for inclusion of other incidentals. My suggestion is this. Let him keep the altcoins in lieu of 5%.
The paypal portion of his payouts dont come out of the shares we own as BCT members so they don't really apply - he basically gets anything that is not sent to BCT member shares anyway.
So basically i am suggesting 4% for mgmt and electric, he keeps the altcoins and we can get the shares entered and the autopayouts started... which i am itching for.
He will also have to payout the balance of the coins from the eligius spreadsheet.
He will be setting up a view only login that GB members can use to see the machines mining and the overall balances. It wont show the share payout settings though and what we do on the other group buy is that everyone agreed on 2 other people to be trusted with the main login to allow independent verification of the setup etc. (i am one of those people of the other gb i am in).
Anyway, go ahead, tear my ideas to shreds, i can take it
I am in another group buy that is using ghash.io for the same reasons of share holder payout and it has been running very smooth - i like the daily auto-payouts. But we have to resolve the issue of percentage prior to being able to implement the autopayout.
Anyway, I believe his fee orginally was 2%, so that would come out of our shares (ie. if i had 39 of 390 shares, 10% would be my share - 2%).
He was originally doing fixed electric which would be complicated to do on a percentage and would require constant fiddling with numbers which is an invitation to a mistake IMHO. What we do on the other GB is give 2% additional for electric/maintenance etc). So that would make a 10% share 9.60% (check my math??)
I understand he wants 5% for inclusion of other incidentals. My suggestion is this. Let him keep the altcoins in lieu of 5%.
The paypal portion of his payouts dont come out of the shares we own as BCT members so they don't really apply - he basically gets anything that is not sent to BCT member shares anyway.
So basically i am suggesting 4% for mgmt and electric, he keeps the altcoins and we can get the shares entered and the autopayouts started... which i am itching for.
He will also have to payout the balance of the coins from the eligius spreadsheet.
He will be setting up a view only login that GB members can use to see the machines mining and the overall balances. It wont show the share payout settings though and what we do on the other group buy is that everyone agreed on 2 other people to be trusted with the main login to allow independent verification of the setup etc. (i am one of those people of the other gb i am in).
Anyway, go ahead, tear my ideas to shreds, i can take it