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Showing 10 of 10 results by Faerbit
Re: [OPEN] Confirmed*PAID* USA NO VAT KnC Neptune#3 - .25 BTC = 17 Shares = ~60 Gh/s
I wasn't asking for auto payouts. I'm fine with payouts every two weeks.
I'm not sure how to solve the problem with the electricity. Maybe suggest supporting this as a new feature to the developers of the service.
But I'm against using a service if it doesn't fulfill ALL our requirements or automates them in a bad way.
Sorry if my post from this morning was a bit harsh, but I don't have time to check this thread everyday.
And I don't like checking every week and seeing everything change without notice.
Faerbit
I'm not sure how to solve the problem with the electricity. Maybe suggest supporting this as a new feature to the developers of the service.
But I'm against using a service if it doesn't fulfill ALL our requirements or automates them in a bad way.
Sorry if my post from this morning was a bit harsh, but I don't have time to check this thread everyday.
And I don't like checking every week and seeing everything change without notice.
Faerbit
Re: [OPEN] Confirmed*PAID* USA NO VAT KnC Neptune#3 - .25 BTC = 17 Shares = ~60 Gh/s
What is happening here??
I didn't agree to any of this shit!
I agreed to 2 % of my profit being taken away from me for whatever you need to be payed.
You made the offer and you are responsible for covering your ends.
I don't care if you have to drive from work or whatever!
You should have thought about this before you made this offer!
I also didn't agree on mining any altcoins!
Could you at least give an overview of what you intend to mine and ask everyone before you change anything??
Stick to the conditions you set and don't change them around like you change your socks.
Faerbit
I didn't agree to any of this shit!
I agreed to 2 % of my profit being taken away from me for whatever you need to be payed.
You made the offer and you are responsible for covering your ends.
I don't care if you have to drive from work or whatever!
You should have thought about this before you made this offer!
I also didn't agree on mining any altcoins!
Could you at least give an overview of what you intend to mine and ask everyone before you change anything??
Stick to the conditions you set and don't change them around like you change your socks.
Faerbit
Re: [CLOSED] The Mining Club - 5 KnCMiner Saturns - Saturn #1 Arrived!
Awesome that this is finally happening!
I have a question:
Where can I watch live how many Bitcoins we made? The link from the pool you posted seems to display another number than on the Google sheet. What's up with that?
Greetings,
Faerbit
I have a question:
Where can I watch live how many Bitcoins we made? The link from the pool you posted seems to display another number than on the Google sheet. What's up with that?
Greetings,
Faerbit
Re: [Live - Group Buy].5BTC = 2.8Gh/s KNCminer Jupiter/Saturn *10 Sold [Selling #11]
I'd suggest you ask all the #11 to either give permission to be put on the jupiter list or get refunded, so you can close it for good.
It's really just better for everyone to be on jupiter, so I don't think anyone minds.
I second this. I think most of them don't follow this post, and aren't aware of this issue. So maybe write them a PM and hope they turned on their e-mail notification?It's really just better for everyone to be on jupiter, so I don't think anyone minds.
Re: [Live - Group Buy].5BTC = 2.8Gh/s KNCminer Jupiter/Saturn *10 Sold [Selling #11]
About mining company. Honestly I don't think .100 mh/s will matter much unless you have like 20+ shares BUT
We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
That's... not a mining company at all.We can probably use this formula:
Saturn Share = 2.56 Gh/s / Total Speed
Jupiter Share = 2.80 Gh/s / Total Speed
Profit for Saturn Shareholders:
(BTC Mined bi-weekly)*(Saturn Share)
Profit for Jupiter Shareholders:
(BTC Mined bi-weekly)*(Jupiter Share)
So let's say the total speed is 3000 Gh/s.
I have 10 shares of Saturn and my friend has 10 shares of Jupiter.
The total BTC mined bi-weekly is 400 BTC.
So:
My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.
Friend's cut:
400 * (28.0 / 3000) = 3.733 BTC payout.
Does this make sense?
Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.
What do you guys think?
BTW Happy July 4th tomorrow!
Basically, my problem is I don't see why people who bought in later should be able to get more hashes for less money. Even in your example, the people on the Jupiters earn an extra ~$20 per week, without paying any more. And having people totally left in the cold if their machines stop working at absolutely no fault of their own... that's just bad.
Incorporate it as a proper mining company, with each share being equal. It's easier to account for, and fairer for everybody.
The point is not who bought in when. The point is who bought a share for what machine (Jupiter or Saturn). If we gonna make all shares equal would that also mean that people who bought shares later would get BTC right away (as the first Saturn starts mining) and the promised/calculated hash rate is not achieved until all machines are mining? Also equal shares are not mentioned in the survey, so we/ragingazn628 have/has no wide spread opinion about this.
Note that I'm neither pro nor contra for equal shares since the current conditions are somewhat unclear to me.
Bitcoin is supposed to be safer, since it has way more hashing power united under it's name. Of course this doesn't help against bugs in client or miner software, but since it is open-source software I would not worry to much. To be more sure about your virus maybe upload it to this site: virustotal.com Sometimes anti-virus does give false-positives, so checking it against various other scanning engines is wise (which is the purpose of virustotal). Also be sure to only use the official site (litecoin.org) for downloads (or compile the source yourself 
)
I like the aspect of litecoin that it has faster transaction validation, since it is too long on bitcoin.
)I like the aspect of litecoin that it has faster transaction validation, since it is too long on bitcoin.