Monthly Archives: July, 2013

SGMC Holdings Update [28 July 2013]

Whilst waiting for delivery of our mining machine, some of us are mining in our spare times.  Here is a regular update on the state of our holdings so far.

Keep on mining whenever possible, it may not be a lot but hey, it’s free money!

SGD (In-hand) 97.56
SGD (Held in Exchanges) 0.00
USD (Held in Exchanges) 0.00
BTC (In-hand) 0.00000000
BTC (Held in Pool) 0.00041252
NMC (Held in Pool) 0.00241485
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KNCminer Venture Predictions

After last night’s difficulty retarget, below find the new assumptions on revenue for the Jupiter unit.  Do note that the USD/BTC rate has also been adjusted to current state.

The earlier we receive the unit the better of course!  Receiving later would affect earnings.

Period Beginning Est. Difficulty Growth BTC@400GH USD@400GH
Thursday, October 03, 2013 83956560 17.89% 31.14889164 $2,848.57
Tuesday, October 15, 2013 98976388 17.89% 26.42199662 $2,416.29
Sunday, October 27, 2013 116683264 17.89% 22.41241546 $2,049.62
Friday, November 08, 2013 137557900 17.89% 19.0112948 $1,738.58
Wednesday, November 20, 2013 162167008 17.89% 16.12629981 $1,474.75
Monday, December 02, 2013 191178686 17.89% 13.67910746 $1,250.95
Saturday, December 14, 2013 225380553 17.89% 11.60328056 $1,061.12
Thursday, December 26, 2013 265701134 17.89% 9.84246379 $900.09
Tuesday, January 07, 2014 313235067 17.89% 8.34885383 $763.50
Total 158.594604 $14,503.48

KNCminer Venture [17 July 2013]

After paying KNCminer for the upgrade to Jupiter, below is our current balance.

SGD$ 97.56

KNCminer has updated the system to reflect the Jupiter upgrade!  Steady!  Let’s hope it comes early in October!

KNCminer Venture

Thanks for all the prompt payment.

I have already sent KNCminer the payment for the upgrade and pending their confirmation.

Everything looks good from here.  Right now it’s a waiting game and praying for difficulty to stay low. Oh! And for the price of BTC to increase too. 🙂

# of shares Sponsor Payment
1 T.Tay  PAID
2 D.Poh  PAID
2 WM.Chin  PAID
2 CC.Ng  PAID
1 L.Thng  PAID
1 V.Chong  PAID
1 J.Ng  PAID
1 J.Mui  PAID

KNCminer Venture $ Predictions

With the latest jump in difficulty, I have adjusted the projected earnings for the Jupiter model that we will be getting.

Seems like the ROI is getting further away but then again, it also depends on the USD/BTC rate.  Today’s rate is calculated at around USD$82.

Period Beginning Est. Difficulty Growth BTC@400GH USD@400GH
Thursday, October 10, 2013 82749689 17.88% 34.0342 $2,822.12
Wednesday, October 23, 2013 97545333 17.88% 28.87190375 $2,394.06
Tuesday, November 05, 2013 114986439 17.88% 24.4926227 $2,030.93
Monday, November 18, 2013 135546014 17.88% 20.77758971 $1,722.88
Sunday, December 01, 2013 159781642 17.88% 17.62605159 $1,461.55
Saturday, December 14, 2013 188350599 17.88% 14.95253788 $1,239.86
Friday, December 27, 2013 222027686 17.88% 12.68454181 $1,051.80
Total 153.4394474 $12,723.20

KNCminer Venture

Please take a look at the chart below.

The difficulty gain last week changed by 10.32% as opposed to the projected gain of 20% (this is good news!).

I have changed the projected growth of difficulty accordingly to 17.84% and you can now see the estimated earnings for both the Saturn (200GH) and Jupiter (400GH) models.

Earnings shown are on a 14 day basis. (Estimated time for difficulty retarget)

So question now is, should we dilute and get more funds for the upgrade to Jupiter?

Period Beginning Estimated Difficulty Growth USD@200GH USD@400GH
Monday, October 07, 2013 67320678 17.84% $2,024.78 $4,049.57
Monday, October 21, 2013 79330687 17.84% $1,718.25 $3,436.50
Monday, November 04, 2013 93483281 17.84% $1,458.12 $2,916.24
Monday, November 18, 2013 110160699 17.84% $1,237.37 $2,474.75
Monday, December 02, 2013 129813368 17.84% $1,050.04 $2,100.09
Monday, December 16, 2013 152972072 17.84% $891.08 $1,782.15
Total $8,379.64 $16,759.30