990100+ entries in 0.765s
Diablo-D3: and remember,
the price is even worse
smickles: ack, well,
the high price certainly fits
the volatility
Diablo-D3: 41.7 / 24 = 1.74,
then 2.84 per month in power usage
smickles: crap mircea_popescu I forgot
to specify
that I was
talkign about
the idiff.dec
Diablo-D3: so
theres going
to be a cost per 7 of
those
Diablo-D3: and btw,
that doesnt include
the cost of
the rigs
Diablo-D3: 4.444~ btc generated per 30 day month per 1gh, 41.7 btc per 1gh
to buy
Diablo-D3: [02:02:17] <gribble> BTCUSD
ticker | Best bid: 13.50006, Best ask: 13.60400, Bid-ask spread: 0.10394, Last
trade: 13.50005, 24 hour volume: 51438.51375095, 24 hour low: 13.31012, 24 hour high: 13.90119, 24 hour vwap: 13.69112
smickles: Diablo-D3: let me help you get into
the proper mindset, it's not 380 USD it's 27.5 btc
smickles: Diablo-D3: so
they should probably sell at .034 or .035ish
Diablo-D3: smickles: lets say $380 for
the 7970, btw
smickles: anyway, if my estimate is near enough
to correct,
the formula says
that a miner with 30Gh/s and .3btc/Gh/month costs would break even selling 54 contracts at 0.03322320 btc each
Diablo-D3: [01:59:09] <gribble>
The expected generation output, at 675.0 Mhps, given difficulty of 3370181.79928, is 0.100726636919 BTC per day and 0.00419694320496 BTC per hour.
smickles: a 2yr payoff is ideas, as
that would equate
to
tax depreciation
Diablo-D3: on 5xxx or 69xx or 7xxx
thats roughly, eh
smickles: based on a 5970 and
the internet i came up with .3 btc per Gh per month
Diablo-D3: plug
the current numbers into
that
smickles: Diablo-D3:
that formula might work for you, if you know shares per minute and projected costs
smickles: The amount received in excess of projected expenses should be risk free profit. Which, btw, is received in advance of
the work being done. Which enables
the miner
to buy more equipment and repeat
the process.
smickles: They should sell at a price per contract greater
than
the projected expenses for
the
time period divided by
the number of contracts.
smickles: Diablo-D3: i'm
talking about
this formula: I believe
that any sufficiently large miner can make relatively safe profits by selling
these contracts in an amount derived by
the following formula:
Diablo-D3: Im
trying
to figure out how
to
turn other peoples money into my money without betting
smickles: if you sell at
the right price,
that is a good move
Diablo-D3: and
then no matter what happens, I end up with lots of cash
Diablo-D3: I'd sell futures and
then
take
the money and buy lots of mining hardware
smickles: to quote
the owl, "let's find out"
smickles: Ya know, If I really had confidence in
that formula, I would sell a crapload of futures based on
the projected costs of a farm and equipment and use
the btc
to buy a farm and equipment
jcpham: i
tried
to read it but I was staring at her avatar
the whole
time
jcpham: don't make me read up in
the buffer
jcpham: link me
to
this new bfl drama
gigavps: i'm starting
to
think
the scam accusations section of
the forums is getting over used
Ukto: i
think
thats what I just did. countertrolled
Ukto: amended: "Also, I noticed
that you have never posted in
the GSDPT
thread before, other
than
to +1 btct. It just made me curious if you happen
to own any shares of GSDPT?"
Diablo-D3: all
this countertrolling (ie, countering of
trolls) has made me hungry
Graet: gl with
that Diablo-D3 :)
Ukto: its like star wars.. lets vote for
to
turn
the republic into an empire! yay!
Ukto: which is
the only one
that hhas a promise
to
the users, instead of nothing at all
Ukto: was just my comments on somoene moaning over BF's
tos
Diablo-D3: ever since glbse went down, no one has been able
to pay dividends
Diablo-D3: dividends were generated from
the mining assets we had while I was
trying
to save up
the money
to kick off
the rest of
the plan
Diablo-D3: Ukto:
theres no dividends
to pay anyhow
Diablo-D3: there was a shareholder vote on it
to do it for a limited
time,
then nefario locked my glbse account and
tried
to use his attempted removal of me as ceo as a cover for his bullshit
Diablo-D3: Ukto: yes,
they're already aware of no dividends
Ukto: *Reading
thread*.. dont see anything about no divs.. :/
Ukto: ahh, guess
the buyback started
the day before/of
the shutdown, or
therebouts
Ukto: thats how it was for
the first half of
the buyback right?
Ukto: can already imagine ppl
throwing a fit if not
Ukto: did you already
tell
the shareholders
there would be no divvies paid out?
Ukto: (most will need
that anyways)
Ukto: for
the discussion boards I am putting on BF... I am requirng ppl
to have a linked weex account
to post. :P
Ukto: told psycho he needs
to set his
title
to 'Staff
Troll'
Ukto: see? would make
theymos happy
Diablo-D3: fuck, I'd be epic
troll by
the end of
the week
Ukto: 50 gets you Super
Troll
Ukto: you should pass my
troll
tag idea
to
theymos... Let ppl donate btc
towards people getting
TROLL
tagged... if it hits 10btc
they get
tagged... :P
Diablo-D3: well,
the market was shitting itself and I was
trying
to get a much larger stake of it
Diablo-D3: not all shares were sold for 1BTC, even
though
that was originally
the plan and
trolls keep bringing
that up
Diablo-D3: if you
take
the first half of shares I bought back as an aggregate, people made back more
than
they originally invested already
Ukto: I guess
thats
true...
Diablo-D3: depends entirely how much
they pay for
them
Ukto: Will
the shares be worth anyone else really buying
then?
Ukto: "My understanding is
the plan for DMC
to continue
trading and paying out dividends and plan
to
try
to buy back
the shares over
time. Right?"
Diablo-D3: Ukto: I approach forums
the way I approach perl
Ukto: Put it in
the
thread and I'll mark it down. ;)
Diablo-D3: dmc already
took
the first one I
thought
Diablo-D3: Ukto: btw, re:
that bitfunder
thread
Ukto: wokring from home, and keeping my own schedual.. sometimes you just want another day
to pass by before getting back up
Ukto: i know
that feeling
Namjies: That
the fee is
too damn high would probably be
the only remaining complaint.
mircea_popescu: anyway, im off
to
town for a little. catch you later a bit.
Namjies: I also want
to see what bitcointalk's
trolls would
then find
to it. Other
than
that you're romanian. Complaining based on nationality...
Namjies: Not quite developed yet. Plus
there's data safety concerns using a public cloud. Private cloud would be useful if you need
to provide cloud like services for elastic subprojects. Otherwise, for your needs alone for one project, a cluster.