Quote from: ragingazn628 on July 03, 2013, 03:50:52 PM

11th KnC Saturn:

Xeen - 1 BTC - 2 Shares
pickymeek - .5 BTC - 1 Share
juula - 10 BTC - 20 Shares
samos123 - 2 BTC - 4 Shares
annoEleni - $400 PP - 8 Shares - FB
jamesc760 - .5 BTC - 1 Share - reserved
annoJBerglund - $100 PP - 2 Shares
wolfskill - 1 BTC - 2 Shares
EsDva - 4 BTC - 8 Shares
mightycount $500 PP - 10 Shares
Bamdad - .55 BTC - 1 Share
Fantazygirl - $200 PP - 4 Shares

Total:
63 / 78 Shares[/code]

Jupiter 400GH/s Shares:

[code]
1st KnC Jupiter:
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
czspeedycz - 3 BTC - 5 Shares

Total:

70 / 143 Shares

------------

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!

The fairest method I can think of to rectify the mining company issue is to assign each share an equal hash rate with shares becoming "active" when the machine it is assigned to has been delivered and joins the pool. Thereafter there would be no notion of a share belonging to a specific machine, and the profits and risk would be distributed evenly to all active shareholders.
Granted, the existence of the Jupiter in the mix slightly complicates things in terms of getting persons on board with the agreement, but since it hasn't been ordered yet I suspect the best way is the most straightforward: Put the plan to those that have reserved shares in the Jupiter about equal hashing/profit distribution and give them the chance to opt in or out with a refund if they so choose.
Once all the mess is dealt with, it become easy to do things such as reinvesting a portion of profits to purchase new equipment and increase the pool's overall hashing power, etc.

I honestly can't think of a more straightforward way. Shares become fungible, people that bought in early are rewarded accordingly, no single person or group is at risk of losing profits due to machine down time or scheduled maintenance, and you now have an index that can be used to price future shares were the pool to be augmented with more hashing power.

Those are my final thoughts on the matter. I'm in either way.

siliclone

Posts

Merits