Even if bob is able to get the hash up to 10gh/s and keep it there (unlikely) and the difficulty goes up by 25% (conservative) we will never see $290 per share
This calculator is ridiculous, difficulty is not going to constantly go up by 25% every time until it hits 60 billion, it would take many times more than all the asic hardware that's coming down the pipeline to do that. Difficulty will go up and then level off somewhere in the billions range, maybe like 8-9 billion but it's not going to 60 billion this year.
Don't get me wrong, I think the $290 offer is a good offer but let's use realistic numbers not crazy ones. I voted to sell by the way, so I'm actually for selling but based on realistic numbers these units should recoup the 290 and then some, it'll just take some time and it might be worth it to have cash in hand to deploy on other mining projects.
lol fair point, i guess all im trying to say is even if these chips can mine the $290 it wont do so till well into April at best. Where if you sell now you can put that money in the r17 chips and get 5 times the hashing power which will start in february, so there is no sense in holding these chips now, as it has been mentioned by phillip and other members
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Re: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here.
by
jatt2007
on 12/12/2013, 17:25:56 UTC
For those who dont want to sell...
Even if bob is able to get the hash up to 10gh/s and keep it there (unlikely) and the difficulty goes up by 25% (conservative) we will never see $290 per share
Since there's quite a few multipart payments please take your time to get it right Thomas. There's no such thing as a chargeback in the realm of Bitcoin.
Thank you to the honest person that sent back the BTC that was mistakenly sent to them. This action speaks well of you as a person, and makes me proud of the quality of the people like you that are in our co-op (or associated with it).
Hearing things like this cheers me up immensely and helps re-confirm that we're helping the 'good guys' in the BTC world.
I love this coop, and definitely didn't want to be the one who spoiled it for everyone by taking money that didn't belong to me. I really appreciate you guys making the best out of a bad situation. Obviously it was disappointing to hear that the atm venture was not going to work out, but instead of taking everyone's money and running you refunded everyone in full. For me, that validates your claims as being an honest, legitimate business with the goal to help people make sound investments in the new bitcoin world. I look forward to future investments with you, and hope you find a way around the atm situation