The situation as I see it....
Just because people legitimately criticize you for
1) Wildly over optimistic income projections
2) Unrealistic overhead estimates
3) False optimism regarding magic mining equipment
4) Unexplained delays
5) Poor communication
6) No strategic contingency planning
7) More
it doesn't mean they are HATERZZZZ.
I would like nothing more than transparent, well run independent mining operations to succeed, but that doesn't mean kissing the ass of a bunch of noobs taking the money and not delivering the goods.
So what does the "wonderful news" youtube clip show? (I'm assuming, for good faith, that it's real)
You're getting 6.043 Ph/s out of 483 S9's with seven not working. That's a 98.5% deployment with brand new machines..
6.043/483= 12.51 Th/s per S9.
Although I don't remember you actually specifying which model of S9 you actually bought (see point 5), you seem to be ~ 1 Th/s per machine down on the usually achieved 13.5. Do you have any plans about how to optimize that?
As per your dashboard (and Alloscomp calculator), your 483 working machines are grossing about BTC0.22 per 24hr day, currently worth
about $1400.
I seem to remember you stating (without any documentation) that you pay $0.03 kWh for electricity. One S9 effectively uses 36 kWh per 24hr day, so 483 of them will consume about $520 worth in that period.
That means your electricity consumption alone accounts for ~37% of gross income.
This contrasts with your "business plan"
allocating only 20% of gross income for all overheads, including electricity.
So where is the extra money coming from to pay for that?
Only one of three sources:
The reinvestment allocation of 20%.
The 50% return to investors.
Ice Rock's 10% profit.
If it comes out of reinvestment, that completely blows the remains of your "business plan" out of the water.
If you continue to take 10% of gross for yourselves, then it confirms that investors come a poor second to self enrichment in your priorities.
If you continue to pay 50% of gross to investors, then a significant percentage of that will not be covered by net earnings and will be paid from investors own money, making you operators of a Ponzi scheme.
You can delete that, hate that or ignore that, but it won't change the numbers.
Edit:
Macho man Kurmanov deleted it, naturally.
Just because people legitimately criticize you for
1) Wildly over optimistic income projections
2) Unrealistic overhead estimates
3) False optimism regarding magic mining equipment
4) Unexplained delays
5) Poor communication
6) No strategic contingency planning
7) More
it doesn't mean they are HATERZZZZ.
I would like nothing more than transparent, well run independent mining operations to succeed, but that doesn't mean kissing the ass of a bunch of noobs taking the money and not delivering the goods.
So what does the "wonderful news" youtube clip show? (I'm assuming, for good faith, that it's real)
You're getting 6.043 Ph/s out of 483 S9's with seven not working. That's a 98.5% deployment with brand new machines..
6.043/483= 12.51 Th/s per S9.
Although I don't remember you actually specifying which model of S9 you actually bought (see point 5), you seem to be ~ 1 Th/s per machine down on the usually achieved 13.5. Do you have any plans about how to optimize that?
As per your dashboard (and Alloscomp calculator), your 483 working machines are grossing about BTC0.22 per 24hr day, currently worth
about $1400.
I seem to remember you stating (without any documentation) that you pay $0.03 kWh for electricity. One S9 effectively uses 36 kWh per 24hr day, so 483 of them will consume about $520 worth in that period.
That means your electricity consumption alone accounts for ~37% of gross income.
This contrasts with your "business plan"
allocating only 20% of gross income for all overheads, including electricity.
So where is the extra money coming from to pay for that?
Only one of three sources:
The reinvestment allocation of 20%.
The 50% return to investors.
Ice Rock's 10% profit.
If it comes out of reinvestment, that completely blows the remains of your "business plan" out of the water.
If you continue to take 10% of gross for yourselves, then it confirms that investors come a poor second to self enrichment in your priorities.
If you continue to pay 50% of gross to investors, then a significant percentage of that will not be covered by net earnings and will be paid from investors own money, making you operators of a Ponzi scheme.
You can delete that, hate that or ignore that, but it won't change the numbers.
Edit:
Macho man Kurmanov deleted it, naturally.