This was Genesis mining. Zeropond have been busy building out their data centre. Hopefully we will hear more in next few days when they can get back to working on mining optimizations as there have been a crazy amount of new releases/updates in past few days.
btw⌠Did you guys get past that block rejection issue?
Why is the hashrate still that low?
I only get 5h/s for each BTC invested⌠?
And why is the december contract double this amount ?
@tim_olson my cloud mining contract has not paid out since 4/11, can you take a look please?
GENESIS HASHRATE: 51.11 H/S (1 MONTH)
DECEMBER HASHRATE: 102.22 H/S (1 YEAR)
CURRENT BALANCE: 0.042678900000000 ZEC
TOTAL MINED EVER: 0.099021590000000 ZEC
Unfortunately we havenât gotten a block in a few days with this high global hashrate. Weâve also been unlucky⌠we should be getting about a block a day. Iâm flying home to SF today and weâll implement pooled mining this week. It will take some development, since our miner doesnât support Stratum. Hopefully by December 1st when our December Contract customers come online, we can go back to solo mining and save the 1% pool fee.
You can watch our mining wallet here:
https://explorer.zcha.in/accounts/t1aiaNKsymMp9kPFo5v58jB4tEPSuFbZcYh
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Why are you still on private miner?? Is it better performing than silent army?
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But there are at least 2-3 good linux miners out there that probably way outperforms your miner.
And several good windows miners with the same performance.
Also âsaving the 1% pool feeâ? Almost all large pools right now have 0% fee currently and will have so the next weeks.
Silentarmy gets around 50-60 H/s with your 390âs.
Same with Claymore for windows.
You took in 450 BTC. You had one order of 500 R9 390 Cards which costs about 100 BTC for a company and that size of order. So there is at least another 500 GPUâs there if you spent 50% of what you took on equipment.
So 1000 GPUS at 50-60 H/s is 50-60 kH/s (with todays free and easy to use open source miners for both windows and linxu). That is what we want to see on the pool account. Of course that numer of Rigs takes a whole day to switch to a new software. It is in fact a couple of clicks. Still tomorrow would be nice. But hey since your are so determended to fix stratum for your own miner. It is obviousy better thant the open source options avaiable! So More than 60 kH/s would be nice to see soon then even though the whole sales pitch was âmining from day 1â that people got sold on. Since everyone knows thats when you make the money. And after the open source software is out there like it is now everyone can do what you do but better and cheaper.
So that is no excuse. I think you just donât want people to see your hash rate. That is why you do not mine to a poolâŚ
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Great Points.
I am really disappointed as well as a big investor. I bought in because i thought they are specialized on the Zcash mining and will definitely have an advantage right from the start over other miners, but it seems like it is exactly the other way around.
I was not buying a 12 month contract with almost no chance to get my money back but rather buying for the first three month with a high hashrate and best software specialisation.
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Weâve paid out 100% what we owe as of now. Iâm currently implementing pooled mining so we weâll have daily payouts moving forward.
Your cost estimate is accurate only if youâre satisfied with âowningâ a 390 that sits in Saphhireâs warehouse gathering dust. I havenât yet seen any respectable total cost of ownership (TCO) estimate that includes the full system buildout including shipping, LABOR, hosting, and electricity for 12 months. The TCO is more than double the cost of buying a single card that sits in a warehouse, even at our wholesale prices. Anyway, we have about 500 cards and our gross margins are lower than Wal-Martâs. Salt & I have taken zero money out of the company, and in fact each of us have put in 5-digits USD. If you know of any place that will sell, install & operate a 390 for 12 months for $300, please let me know!
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No I donât now of anyone that would buy old 390âs. Most people would use RX470 cards wich is halft the price and 1/3 of the electricity for the same performance. But you have to have done some research to have realized that. So canât blame you.
If I were you I would have bought 500 RX470. Which you at those volumes would get shipped to your door for free and after VAT magic (we are not a private indivudual buying) we pay a maximum of $150 per card in bulk. So that would mean your 500 cards would cost a totalt of $75 000. Plus overhead equipment max $25 000. For a grand total of $100 000. Leaving a massive amount for rent and electricity.
And labor wise⌠I myself have built 6 Rigs with 7 cards each. This took me as a beginner 2 full days with the build, installation of OS and miner software. That is 42 cards. Which means it would take you two about 6 days together to build everything. I guess you have pretty bad ass salaries⌠And when we are on topic of building. Why even get all those Wooden Chassies we have been hearing so much about when you clearly have very nice shelfs to palce everything in and hang under from what I have seen on your pictures? The wooden chassies are just completely waste of time, space and money.
Anyway I just heard numbers that you acutally have taken in a lot more then 450 BTC. Am I correct?
From what I hear. You have not paid out what you owe. You have paid part of what you owe in Bitcoin. Not in zCash.
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We only have about a dozen 390âs that we picked up early on from gpushack. Not sure why you think we spent a bunch of money on old cards.
When we were not getting blocks every day due to the surprisingly high global hashrate, we offered to pay the Poloniex price to our customers who were anxious to dump their ZEC. Some accepted that offer. Everyone else was paid their ZEC when we did mine a block.
We got about 450 BTC for the Genesis round, which is the 500 cards running now. We have more rigs in-process for the December Contracts which raised slightly more than the Genesis round.
They would not have been able to use most of the open source miners up until now because they were unstable. I doubt a windows-based claymore was an option. Maybe now a linux one is stable and fast for their cards. Theyâll probably have 35 S/s soon, but it may take some time to find a miner and set-up that gets them 50 S/s.
My question then is are you keeping any hash rate for yourself on top of all the hundreds of thousands of dollars worth of equipment that is all yours at the end of the year?
Thx for the transparency here!
Keep it up. Looking forward to Dec 1st!
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good to hear you are changing to pool mining, keep up the good work. thank you for taking the time to answer everyoneâs questions and for continuing to be transparent.
everyone else chill out, this is why we have slow starts!
You got more than 450 BTC with some investors offchain like me
Also why are you just able to buy 500 cards with 500 BTC ?
I didnt know that one card costs 600$ in the U.S and you said you will invest the total amount which you raisedâŚ
Definitely need some clarification on that and it would be great to get the total hashrate of your facility as well.
Please read my response above. 12-month TCO for a GPU is over double the raw cost of the card.
55h/s+ on RX480
73H/s+ on Fury and Fury X
You guys might want to look into Claymore V3.0
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Heâs not going to support Linux 
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