I reduced prices 5% across the board. We still have 481 H/s on sale.
Hi, do we get refund 5% on orders already placed. I noticed that the contract purchased yesterday is cheaper today?
Thanks to advise how it goes.
Regards/.
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@miner OgNasty has already succesfully escrowed for @tromp 's open sourcing.
https://bitcointalk.org/index.php?topic=303281.0
I’ve been in contact with him and would be happy to arrange for another crowdfunding for open sourcing @jtoomim 's miner. If we don’t make it in time, everyone will get their money back.
I think we’d be better off crowdfunding bounties for optimizations on the open source bounties.
Toomims want a lot of $ for their miner.
Also, I think a community reviewed and revised miner would be far superior.
I’d like to see Zogminer get some attention.
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+1 I won’t be part of crowdfunding for Toomins miner though. Only community or some other developer.
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You could do something like the bounties for Cuckoo Cycle
But the performance improvement threshold doesn’t need to be 2x.
It could be as little as 10% improvement. Then you scale the reward with the 2-logarithm of the improvement. Of course, at any time jtoomim would then be free to claim the bounty by open sourcing his solver.
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Hi Jonathan,
Am just asking.
Following your 5% discount, do I get a 5% refund for the order I placed yesterday?
See attached.
I paid 1.7706 BTC yesterday, it’s available at 1.6096 BTC today.
Thanks to advise.
Regards,
Brian.
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No, we are not making retroactive price changes. When we increase our price, we don’t go back and charge our old customers more money. We also don’t go back and give money back.
If you go to a grocery store and buy a cabbage, and then check back the next day to see the prices are lower, you don’t get a refund on the first cabbage. You just get the opportunity to buy another cabbage for a lower price.
Ok, thats fine for me.
Thanks & Regards.
Enjoy your cloud mining haha
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Thank you! Ha ha!
So you are not on cloud mining at all?
Have you ever stopped and thought why they just don’t mine the currency themselves if you are going to make so much profit using the cloud service?
That should be your first give away to you are getting screwed.
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In fact, I had the same thought, but then since am new I need to compare cloud mining and whatever I can mine by myself. I also have limited budget and would not be able to afford hardware, specially in my country…
Cheers.
With 1.77 btc you could of purchased a rig to do way more than 20 sols and it would of been yours for more than just 3 months 
But live and let learn. Let me know when you start building your rig and need help
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If we sell our hashrate in advance as a cloud service, we get two main benefits:
-
We get the money upfront, and can use it to buy new hardware. (We placed an order yesterday for another 569 GPUs yesterday with the proceeds from our cloud mining sales. We can then sell those GPUs’ worth of hashrate, and repeat. Capital no longer is a limitation to our growth rate.)
-
We avoid all currency and difficulty risk. We know in advance how much our hashrate will be worth, and can make investment decisions more easily.
But of course, you are brilliant business man and your customers are gamblers. They have a zero chance of breaking even, much less make a profit. A better approach for your customers would have been to wait and only commit to a purchase after the network goes live. At least, they will have some information to base their decisions on.
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There is no point, his stated perception of value is warped, assuming he is the only game in town…
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My perception of value is based on our code being a little more than twice as fast as the nearest open source competitor, and total mining revenues being around
($650/BTC) * (0.21 BTC/ZEC) * (10 ZEC/blk) * (576 blk/day) = $786k per day or $23m per month.
I have been approached by several people with tens of thousands of GPUs already running ($1m-$5m hardware investment). Our code can double the performance of their hardware investment, giving a ballpark value of $1m-$5m.
Most home miners seem to think about the value of the miner in terms of the scale they’re familiar with – the scale of an individual miner – and don’t think about the industrial scale value. Most industrial miners are in a competitive mindset, and don’t want to pay to open source code for their competitors to use.
I don’t really like the idea of selling a single exclusive license much, so I’ve kinda cold-shouldered a few of the big miners, and I’ve been cold-shouldered on the crowdfund idea at the price point I think is fair. Using the code ourselves (and/or offering cloud mining) seems to be the most viable remaining option.
I expect my company will make a lot more than the $125k open source asking price by just mining with our software (not even including cloud mining revenue), so I don’t really care much.
40 sols on an i7 5930K. You have maybe a month before your software is average at best. Since you don’t plan to increase your customers hash rate I don’t see them ever getting an ROI.
A 5930k costs $580 and uses a full motherboard. We get slightly higher performance than that on a GPU that costs $180 and uses 1/6 of a motherboard.
Also, that’s using code with less remaining optimization potential than our code has. We won’t stay at 41 Sol/s forever, but the 5930k won’t be able to improve much more.