Topic: [ANN] Hashrate.org - HRNXTPOOL- Over 1.09 million NXT Dividend so far. (Read 132677 times)

etanllah · « **Reply #40 on:** July 14, 2014, 12:52:33 pm »

So how do we put in a reservation? I'm not sure how to put in a bid. I searched the ticker name and the Asset id # and nothing comes up

tersagun · « **Reply #41 on:** July 14, 2014, 12:57:50 pm »

Quote from: etanllah on July 14, 2014, 12:52:33 pm

So how do we put in a reservation? I'm not sure how to put in a bid. I searched the ticker name and the Asset id # and nothing comes up

Put the Asset ID into the "Add Asset" button on your wallet. It should be added on your Asset list.

apex944 · « **Reply #42 on:** July 14, 2014, 01:08:42 pm »

>> he pool is housed in a tier 1 data centre

If this is accurate you may want to leave it out of your marketing pitch. The DC "tier" concept is largely outdated, but saying Tier 1 would mean your facility has no redundancy of any sort. I suspect this is a typo. You probably mean tier 3+ since true tier 4 DCs are rare.

rlh · « **Reply #43 on:** July 14, 2014, 01:33:11 pm »

Assets can be sent to the address on my Sig. I might do a bit of asset shuffling once these are received, but I won't be selling them. I'll be HODLing for a long time.

And thank you, thank you! I'm more than glad that I helped motivate you to become an ambitious Nxter.

rlh · « **Reply #44 on:** July 14, 2014, 01:38:32 pm »

Quote from: jl777 on July 14, 2014, 10:04:58 am

Quote from: mnporter2001 on July 14, 2014, 09:56:26 am
Quote from: jl777 on July 14, 2014, 09:41:39 am
Quote from: wert on July 14, 2014, 09:35:54 am
price?
10 NXT

@10 NXT a share I'm in, and I suspect these will sell fast, is there a way to reserve shares, I would hate to miss out on this, especially as it will be my first AE investment

Cheers
Mark
If the demand is strong, maybe the remaining assets can be all made available in early August at random times in smallish lots.
This decision is up to pf. Once all the initial assets are sold, then I plan to issue a NXTventure dividend for this asset

James

Lol, hmm. I just posted over their on your ANN for NXTventure that I was selling my shares for 25.99/each. I think I might redact that statement. I'm looking to sell off most of my AE holdings. I only want to keep the ones that should soon start to pay dividends.

So... +1!

dolux · « **Reply #45 on:** July 14, 2014, 02:46:46 pm »

I have been using hashrate.org for 2 months and I have used most of those earnings to acquire assets in this venture as it feels like I am investing in myself all round. I think it's a no brainer and the more I earn the more I will invest until I can't because the future is Nxt, ha, ha.

k_day · « **Reply #46 on:** July 14, 2014, 04:30:34 pm »

Got my bid in. Good luck guys!

pf · « **Reply #47 on:** July 14, 2014, 05:26:39 pm »

Wow, the reception this thread has had is amazing. I just got off the phone with the data centre folks and have likely found the best possible option. I will be posting the data centre options in this thread later tonight to discuss.

I am waiting to hear back regarding a bulk Antminer S3 purchase - in the meantime I am ordering the first few Gridseed A1 1.1 TH miners today.

I am having a very busy day at work, and need to sneak out a bit early to go have a meeting at the colo, so I will read and reply to the rest of the comments later.

rlh · « **Reply #48 on:** July 14, 2014, 05:48:14 pm »

lol, rrr...

If you own account 4088358299261103034, you might want to double-check your order. I mean, maybe you want to be generous and give PF an additional 90 Nxt per share, but I think you flip-flopped your quantity/price. Regardless, I'm going to put my buy order in, too for a few more.

rlh · « **Reply #49 on:** July 16, 2014, 03:22:31 pm »

FYI all, if my quick-math is correct, people have already stacked the order book for 12,000 shares. Since PF announced that he will be releasing 1/4 of the available shares each week (8,000 shares/week), that means week #1 is full and that week #2 is almost half way accounted for!

If you are interested in these shares, and want to take dividends as soon as they are offered, then you need to get your order placed on the AE.

Consider this a PSA.

pf · « **Reply #50 on:** July 16, 2014, 03:45:33 pm »

I have transferred the 2000 shares over to the MC, and the 1000 shares over to rlh.
The target date for the remaining 32,000 shares to go on the market will be Aug 1st.

I am in discussion with an ASIC supplier regarding a bulk Antminer S3 order - if anyone has any better connections with a large ASIC supplier please PM me.

rlh · « **Reply #51 on:** July 16, 2014, 04:04:24 pm »

Quote from: pf on July 16, 2014, 03:45:33 pm

I have transferred the 2000 shares over to the MC, and the 1000 shares over to rlh.
The target date for the remaining 320,000 shares to go on the market will be Aug 1st.

I am in discussion with an ASIC supplier regarding a bulk Antminer S3 order - if anyone has any better connections with a large ASIC supplier please PM me.

Just so I'm clear on the OP, you are releasing 32k, not 320k (where the asset only contains 100k, total, anyway) and you will sell off 8k a week (which is 1/4th of 32,000.)

Is that correct?

pf · « **Reply #52 on:** July 17, 2014, 03:31:34 pm »

Whoops, I fixed the typo in my post - there are 32,000 remaining shares, sorry for the confusion!

xibeijan · « **Reply #53 on:** July 17, 2014, 05:21:21 pm »

Quote from: jl777 on July 14, 2014, 09:41:39 am

Quote from: wert on July 14, 2014, 09:35:54 am
price?
10 NXT

10 NTX for whole lot or 10 NXT per share?

IF pool generates 7 BTC per week, then each share mines 7*0.01*0.00001 = 0.0000007 BTC week. The full 32000 shares only mines 0.0224 BTC week. That's about 364 NXT per week or 364/3200 = 0.11275 NXT per share per week.

2 Month RIO seems reasonable for mining.

Price for RIO in 2 months would be approx. 10*0.11275 = 1.1275 NXT per share.

This ignores increases in difficulty and fluctuations in NXT price.

jl777 · « **Reply #54 on:** July 17, 2014, 08:02:00 pm »

Quote from: rlh on July 16, 2014, 04:04:24 pm

Quote from: pf on July 16, 2014, 03:45:33 pm
I have transferred the 2000 shares over to the MC, and the 1000 shares over to rlh.
The target date for the remaining 320,000 shares to go on the market will be Aug 1st.

I am in discussion with an ASIC supplier regarding a bulk Antminer S3 order - if anyone has any better connections with a large ASIC supplier please PM me.

Just so I'm clear on the OP, you are releasing 32k, not 320k (where the asset only contains 100k, total, anyway) and you will sell off 8k a week (which is 1/4th of 32,000.)

Is that correct?

I think with the AE reservation method (which seems to be working well), most if not all of the 32K should be released. The sooner we get fully capitalized, the sooner we can start compounding hardware.

jl777 · « **Reply #55 on:** July 17, 2014, 08:05:20 pm »

Quote from: xibeijan on July 17, 2014, 05:21:21 pm

Quote from: jl777 on July 14, 2014, 09:41:39 am
Quote from: wert on July 14, 2014, 09:35:54 am
price?
10 NXT

10 NTX for whole lot or 10 NXT per share?

IF pool generates 7 BTC per week, then each share mines 7*0.01*0.00001 = 0.0000007 BTC week. The full 32000 shares only mines 0.0224 BTC week. That's about 364 NXT per week or 364/3200 = 0.11275 NXT per share per week.

2 Month RIO seems reasonable for mining.

Price for RIO in 2 months would be approx. 10*0.11275 = 1.1275 NXT per share.

This ignores increases in difficulty and fluctuations in NXT price.

Clearly 10 NXT per asset and not 10 NTX for the entire operation!
You are assuming 100% of revenues are returned, but it turns out that 60% return is closer to optimal as the 40% reinvested in more hashrate will compound so that you end up with approx the same payback time, but instead of staying with the same hashrate, your hashrate has increased.

So, no promises on 2 to 3 month payback. One possibility is that after capital is fully paid back, we might go into a much lower payout for a bit to be able to get the next generation hardware. All of these decisions will be made to maximize the long term ROI and not to stick to any hardcoded payout levels.

Adaptability is key to success, especially when the landscape changes so fast.

James

MrV777 · « **Reply #56 on:** July 17, 2014, 08:10:27 pm »

Put in an order for some

Looking forward to when you start getting hardware

rlh · « **Reply #57 on:** July 18, 2014, 08:24:27 pm »

As PF had outlined, as a "thank you" for my early motivation for him to start a Nxt mining pool and go for the bounty, PF has gifted 1,000 shares to me. (Again, thank you!)

In case there is anyone out there watching and asking questions regarding suspicious looking activity, I am moving these shares to my offline account which is NXT-FRS2-MQR5-758P-ANNEX.

pf · « **Reply #58 on:** July 20, 2014, 03:48:53 am »

Ordered the first 10 Antminer S3's today, they should be shipping out of california sometime in the next couple of days. Once they arrive I will be proceeding with ordering another 20 more.
The plan is to get the first equipment online ASAP and then to use the amount earned towards reinvestment for Spondoolie SP30's come september.
I am also working on another potential long shot for some alternative ASIC equipment. Is there any chance anyone might know of anywhere selling just ASIC chips (preferably the 200 GH golden nonce chips) in small'ish quantities (say, 5-10 chips to start)? These would be to provide to some local electrical engineers I work with who design their own boards and ASICs every day (and who already have good relationships with a local board foundry).

BillRizer · « **Reply #59 on:** July 20, 2014, 06:43:53 am »

Can anybody tell me please how i can payout my nxts from hashrate.org? Thanks.

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Author Topic: [ANN] Hashrate.org - HRNXTPOOL- Over 1.09 million NXT Dividend so far. (Read 132677 times)

xibeijan