Mining Rig 6th Payout - Important Update (Rig Sold) - Important Ann...

Hi Steemians,

This is @uxair.

Before we move on to the announcement here is the break down of fifth and last payout of this rig. Please Read till end for important update.

The payout is almost 1.00 ETC

The payment is already sent.

Now moving on to the update, As all of you might know that crypto price drop has made the investors crazy and profitability has also dropped, Most of the people started selling there hardware in loss.

We have also purchased the hardware on slightly higher prices You can navigate through my bolg's @activeminers history to see what happened in past.

In short the whole rig cost around 880$ and the amount raised was as follow:

investors sbd.JPG

Where is put the rest of the money from my pocket and the partnership percent was structured as following:

Now the way I sold rig is quite interesting and I want to share it, First of all i sold 1 card on classified website in loss of around 20$ to an unknown gamer and then I ungraded my rig RAM and HDD, Installed couple of naughty games on it and sold it as gaming PC, In this way I am able to get around 850$ for RIG which is a good dela but again I don't want any of my investor to bear any loss so we will assume the sell price as 880$.

Believe me it's hard to sell cards on the price we bought because of the price decline in crypto market and panic sell by most of the investors.

I will make a separate post on hardware price change in 2 months.

Now it's time to pay back the investors.

This is the partnership % chart:

The Rig was bought and sold 880$, assuming the price of SBD as 1.90 , the rig is sold @460 SBD

Now let's compare the amount of profit if any investor has earned or not.

Taking example of our top investor @mohsee74 who invested 23 SBD and has already been paid more then 10 SBDs in mining rig payout in last 2 months and after selling the rig he is getting 85 SBD which means:

Investment 23 SBD - Payout 95 SBD - 413% profit in 2 months - Massive gains.

This seems to be a profit because the price of SBD has fallen a lost within 2 months but what would happened if price has been increased?
If price had been increased then the mining profit will also be increased and we will have kept running our rig.

What's Next?

The account @activeminers will keep mining actively. I am currently working on a project to gather some good amount of super cheap hardwares. Once it's finalized a proposal will be posted on the blog, So please stay tuned for an announcement. I once again Thank all of the investors who have made this project possible.

All payments are sent in SBD except one which is processed in bitcoins on demand.