Old daemon and wallet version 0.18.3
KnC Titan shares
I want to start a share sale of KnC’s Titan scrypt mining asic. I would like to offer shares based on FTC, and mine FTC with the machine. The time has come to embrace scrypt asics.
I have experience running a share based mining operation, but I would like to get a feel for how the community will embrace this for Feathercoin specifically, it will go a long way to solidifying network hash rate and boosting the currency’s security at the same time giving back to the community.
I will own a percentage in the unit as I have around 2500 FTC to put where my mouth is. I’d set up a buy on bitcoin talk, but you know what, it’s better if it’s done here where feathercoin calls home, for feathercoin, for the community. I won’t mine any switching pools, litecoin or anything like that. I think FTC can stand on it’s own.
What do think?
As for the specifics I will over sell the titans by 50% to account for crypto variance and hosting etc. All extra funds will go to more units, or to refunds depending on sales volume.
You might want to read this before putting too much work into setting this up
I thought of ordering that, but it’ll be very difficult to break even. Just 1000 of those released into the market will make up more than 40% of the hash rate in sCrypt hashing right now.
You might only be getting back $50~100 USD daily by then out of $9000 euro machine, and it’ll take at least 4 months to break even. Now what about other competitors like AlphaTechnology that’s also releasing their own hasher by then?
Can you also assure that KnC don’t sell more than 1000? You can’t. They’ll definitely sell a lot more…
but… proof me wrong, I am just having some doubt in it. Unless alt coin experience some sudden spike in price like the run up from $100 to $1200 in Bitcoin.