How many Mh/s is one teramining share?
A single teramining contract was originally 9Mh/s.
When we started receiving BFL equipment and had received our full order, they were 12Mh/s.
When the antminer S1 100Th/s was installed, each teramining contract became 101Mh/s.
When the next 200Th/s shows up in April, each teramining contract will become ~275Mh/s.
How many teramining shares for 1 gigamining share in free upgrade & paid upgrade?
For the free upgrade, you get 4 Teramining contracts per Gigamining contract. So 5Mh/s turns into 1.10Gh/s or a 21,940% increase.
For the paid upgrade, you get 15 Teramining contract per Gigamining contract. So 5Mh/s turns into 4.125Gh/s or a 82,280% increase. If you take the paid upgrade, you are paying ~$35/Gh.
Please also note the above includes the yet to arrive 200Th/s. This purchase has been paid in full and is from a manufacturer with a proven track record of exceeding expectations.
Teraminging shares expires after 9 months?
I have made a promise to those who have stuck by me that Teramining would be profitable in BTC, and it will continue until I have fulfilled that promise. How long is that, I don't know.
Sofar, how many teramining shares expired?
0.
Perhaps my math is wrong (feel free to PM me with corrections), but here's what's gonna happen tomorrow:
You either get 0.000648 BTC per contract as a final payment, or
you upgrade to the free option and get roughly 0.0007 BTC per contract (which is 22k% increase in last week's payment rounded down).
So basically even if you only get one more payment, you'll be better off upgrading...
Hope this helps others make their decision.
For reference, I won about the same amount as the final payment with just one freeroll at this site:
http://freebitco.in/?r=22874
Just thought that was funny... granted, I had to click roll, whereas the gigamining payouts show up without any effort at all
