Quote from: Tawsix on October 15, 2011, 07:13:00 PM

The rigs in their current state can produce around 8-9 Ghps. There are three computers down right now, two that won't stay on for reasons I was unable to determine and one that has need for graphics card replacement. The two that won't stay on need a few days of playing with to figure out. The one that needs new graphics cards needs either about $600 put into it or XFX and Gigabyte to stop giving me the runaround on the RMA.

Do we have the 600 dollars to get the computer the new graphics cards?

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If and when we decide that the company should be liquidated, depending on what the Bitcoin climate is, an investor could see a decent return based on what the price of BTC was when they invested (those who invested at higher prices will see more BTC, etc.) If we pull out when prices are low like they are now, the liquidated funds will buy a lot more BTC than if the price jumps back up, and investors will get a lot more of their investment back.

I know the number of BTC returned will vary depending on the current market. I should receive my X shares of the 50% of the funds liquidated from the sold hardware if we choose to liquidate. The money that comes back to investors depends on how much value they invested, when you transferred the BTC to the currency used to buy hardware (probably USD), and the current value of the hardware.

I just don't think comparing BTC invested vs. BTC returned is that practical, given the changes in price over this year.

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I see a lot of concern with the efficiency of the machines being run, and that we should still be able to operate profitably. I would like to make a very important point that many people who go into business mistakenly ignore: the cost of operation that I calculator for the machines is not limited to the energy costs, it also includes the cost of replacement for the parts as well. It is important to do this when your income depends on any machines, because yes, we could be operating "profitably", but what happens when the rigs start breaking from running 24/7 at max load for a year? All of a sudden we have a bunch of broken machines and no money to replace them with because we've been operating "profitably". So with the cost of electricity, I add the cost of replacement, and that does effect us to the point of not being able to operate in the current condition of the economy.

How much BTC have we saved up for part replacement? How much BTC do we have, period?

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With difficulty falling, all it will take is for the price of BTC to jump up 15-20 cents, and we will be able to mine profitably again. However, I would say that unless we are making more than marginal őprofits, we should keep the rigs down. There is no point in mining for the sake of mining, and putting more and more wear and tear on the rigs lowers their value. I am not sure what the best method of moving forward is right now, and how we should go about deciding the future of the company. I am open to suggestions.

Would mining at 15-20 cents higher than 8.4-8.6 USD per BTC (I believe that was the price when you posted) be marginally profitable or "more than marginally profitable"?

Before I believe that a vote/motion on whether or not to liquidate should be done, I think you should show us your calculations used to determine what mining profitably entails. I would also like to know how much funds we currently have, as well what would be needed to bring us back to the 13 Ghps. (Is it really just 600$?) I would like to see your calculations used to determine how many of your shares that you have "paid" for. I think you should be given compensation for the time you put into working on the rigs, I just want to make sure that you are correctly compensated.

Thank you for the comprehensive reply.

Quote from: shakaru on October 16, 2011, 05:53:58 AM

What would it take to save this sinking ship? Facility? Hardware? Experience?

Given who you are, i'd say you have the Facility, Hardware, and Experience, and are hoping to sell some Tongue

. (selling exp is bad, that's boosting Wink

)