Bitcoin Forum

SHARES REMAINING 0/10 @ 11.33 AM CENTRAL TIME, MONDAY 6/3/2013

This group buy is intended to let less Bitcoin fortunate forum members take part in the opportunity to purchase cheap hash-rate through the recently launched Metabank Bitfury. The bitfury (https://bitcointalk.org/index.php?topic=223656.0) is available with US shipping through this thread: https://bitcointalk.org/index.php?topic=223656.0 (from several reputable forum members located in Moscow, offering purchase and shipping to the US).

I have structured the purchase so that members wanting to get access to the exceptionally cheap hash rate/GH that the bitfury offers can take secure has rate from one of the machines without spending the full BTC30 for a purchase.

Offering:

- 10 shares of BTC3 are available.
- Each share entitles the owner to 1/12th of the BTC proceeds from a Bitfury mining 24/7 for 24 months, payment will be made to the address of the share-holder weekly, bi-weekly or monthly (I am flexible here)
- The 2 outstanding shares will be owned by OP as payment for power/maintenance of the miner and peripheral hardware needed (UPS, possible router etc).
- After 24 months the miner will be considered 'spent' and become the property of OP (this is for reason of simplicity mostly, since I believe BTC difficulty in 2 years will essentially render the miner a warm paper weight). IF hash rate increases VERY quickly and I feel that the share holders can make more money selling the ASIC before the 24 months are up I reserve the right to take a vote among share holders (majority rules) on doing so.

IN CASE OF NON DELIVERY: I take no responsibility for the possibility that Metabank does not deliver the miner. I have done what I consider a thorough due diligence but as we all know, you can never 100% guarantee anything when it comes to pre-orders.

If I have forgotten anything or you require more info etc. Please feel free to ask/post in this thread. I will only be doing this ONE group buy as I do not wish to run multiple miners as chances are I would not have time to look after them properly.

EDIT: In the interest of time I have removed the Escrow part of this group purchase and will be making the purchase directly through my own address. I have done many deals in the past without negative feedback and BTC30 certainly not a sum I think anyone would assume that I would trade a scammer tag for.


If you are interested in buying one or more shares here is what you need to do:

1. Send payment to the following address:   19eHNL7pJmRwqPGQSXukxAAivEJdiWNyNw
2. Send me a PM stating your sending address and BTC amount sent. One share = BTC3
3. Post your share purchase here to make it easier for visitors to see when a share is claimed. I will also update this post with remaining shares every 20 minutes or so.

After payment has been received for all 10 shares I will do the following:

1. Contact Bitcentury (https://bitcointalk.org/index.php?topic=223656.0) and make payment for the miner.
2. Contact all share buyers with confirmation of purchase, a copy of receipt/confirmation from BitCentury for the purchase and a screenshot of the transaction.
3. I will also supply buyers with my physical address and a possibly slightly redacted scan of my passport if requested. I will ask share holders to keep this information confidential.

EDIT: IF all shares are sold but the Bitfury miner sells out before we have time to place a first batch order I will refund any share holders their bitcoin - 5% for transaction fees and oranization of the group buy. I hope this seems like a fair solution should this happen.

Edit; I am going to bed. Any orders placed in the next 8 hours will be confirmed at approx 9 am Central time. Please post in thread when ordering so that possible new orders do not pay for shares that are not available. If this still happens I will refund BTC to sending addresses within 24 hours.

Edit; I have 1 share that I am 'holding' for a buyer for up to 2 more hours. If this share is not payed for I will re-open the sale. I am also negotiating with Bitcentury reg. the price of the Miner. They stated BTC30 last night but have since raised the price to BTC2 no doubt due to the drop in BTC price. I have confidence we can still order the miner at the original BTC30 and should they not honor the original price I will personally cover the BTC2 additional and take a vote among share holders on how to solve this. No need to worry though, I can assure you I am easy to work with and want to see this miner delivered on schedule and start mining.

I will post a new update in roughly 2 hours, at which time I also hope to be able to send final verification of everyone's shares and order the miner.


Edit; I have decided to pick up the last share of the auction for myself at this point to be able to place the order asap. I am now only waiting for email verification of the price of the miner and I will place the order.


Edit; Order has been placed! More info coming shortly via PM.

Edit; Ok, I have gotten email confirmation on our order from BitCentury. They will send out contracts 'in a few hours' and I will distribute copies + other 'proof' of our ownership. Heading to late lunch!

Edit;

Here is the full list of Share holders and transactions. From now on, if you wish to change your payout address for BTC mined or anything else I will require requests as signed messages using your verified address. This is for your protection:

Shares and sending addresses:

https://bitcointalk.org/index.php?action=profile;u=114343      Share 1:          15y8u5pRU2QagwjkPnHb7yu9WmLS7efXgW  3BTC - Verified
(http://blockchain.info/tx/af73ca3d1d00e55dad375361dd0f70a45f4a475536a9994b4f7874cc6254c82b)

https://bitcointalk.org/index.php?action=profile;u=120991      Share 2-3:       17G1TyGSf8FFZWoSQtGtffECPyqDxfbdih 6BTC - Verified
(http://blockchain.info/tx/5efab8ed608ea461a21a72c893c0de35a6f5d1651690ac4b476209ef58f3f822)

https://bitcointalk.org/index.php?action=profile;u=88638        Share 4:        1JZVLM6dwDHhwZr4DnFMTudZPMeMP9EZCv 3BTC -
(http://blockchain.info/tx/cb5b1f072866b3479c3e593d3e64433af2ce2d53d12bf3162878d65204f508d0)

https://bitcointalk.org/index.php?action=profile;u=121677      Share 5:         1EmQYzLgrpXiMWqsBZKe9d8RFr2bKJyaMM 3BTC - Verified
(http://blockchain.info/tx/000ec5acf2ea0c59473c7f4df96c75ff2259b60567f205ac0117b363ae206bf1)

https://bitcointalk.org/index.php?action=profile;u=19627        Share 6-7:        15xGnu9mqDuU6JXv5zfcDTTnKdLD8sdmvZ and 1mJ4uQy6ZTpgeChENuR1zqkNnLG7LCWL4 - 6 BTC Verified
(http://blockchain.info/tx/5b99795f82cae0e325599711cbfa0481c3cb7d1d41ae0c8c7bf56377982d4904)

https://bitcointalk.org/index.php?action=profile;u=64507        Share 8:           1AyWHY6kCMi4F221J7aPheiYdAvkDbcdPp  - 3 BTC Verified
(http://blockchain.info/tx/b3d06ae32ca1584fa8bdb6920100530b21906dc318dfdf9d39eab74166cbd703)

https://bitcointalk.org/index.php?action=profile;u=35822        Share 9:           1Gqy5JeUU9RWCnnYXeCjCaEuFts9wKyQem - 3 BTC Verified
(http://blockchain.info/tx/83a384e95e7e92cd1632a991cfb8a20a8754a8344f1134dd4b0f50185c458b04)


Shares 10, 11, and 12 are owned by OP (TheSwede75)

I am interested in this. What is the address I should pay the 3btc to?

Edit: removed address. wanted to see what happens

Please watch out, dont just pay your BTC to any adress another user provides!

True! If he sent any BTC i would have returned them.

Do not send any BTC as of yet. I am re-writing the offering without Escrow by JohnK and finding another way to guarantee the safety of the group purchasers as it is Sunday and I believe time is of the essence if we are to be able to order one of the first batch of the Bitfury miners.

New offering posted.

The new offer is now live. Please follow instructions when ordering. For your own safety only send BTC from an address you are in 100% control of. Should your bitcointalk account get hacked or otherwise compromised I will be unable/unwilling to return the bitcoin to any other address then the one used for sending.

Share has been purchased. And thanks for the advice guys. If you can't tell I'm kinda new :p

I have received payment of BTC3 and will confirm the transaction for you as soon as I can see the sender address in the block-chain. 1 share has been reserved.

2 shares purchased. PM sent.

I have received payment of BTC3 and will confirm the transaction for you as soon as I can see the sender address in the block-chain. 2 shares have been reserved.

I'll purchase if at the end of the 24 months it's eBay'ed instead with a reasonable reserve.

You are of course more than welcome to do that. I would however assume that with difficulty increases in 24 months the miner will be a novelty at best.

Agreed :)

Can I send 2.5 coins then .5 coins an hour or 2 later?  I have 2.5 coins I control right now and I will transfer the .5 from one account to the one I control.

1 share purchased. PM sent.

I prefer you wait until you have the BTC3 as it simplifies my organization to only deal with BTC3 increments.

I have received payment and am verifying transaction in blockchain.

OKAY  coins cleared i will send 3 btc. 


3 BTC SENT AS OF   11:22 am usa east coast time

I'll take 2 shares. I don't have enough confidence in this company to risk a full 30 BTC, but if they do pan out it'd be nice to be in on the first round.

Payment will be on the way momentarily.

I think many people feel the same. I myself included. I have fairly high confidence that they will deliver, however BTC30 is quite a bit of money to 'risk' for a lot of people, making a group buy attractive for many people that either lack the funds or want to minimize funds 'risked'.

1 share purchased, PM sent.

Taking a few minutes to record payments, check blockchain and double check every payment. Seems 1 payment has yet to post to my wallet and I want to make sure that everyone is accounted for and that I do not sell more shares then are available. PM me before making payment, as of now 1 share is left as I am keeping one 'on hold' until one possible payment makes the trip through the blockchain.

I sold off some AM stock to buy into this.

I have
1) Am Stock
2) bfl
3) a gpu farm
4) and  now a share of this


  Within bit coin world i am pretty diverse with my holdings

Sounds like you are being fairly wise in your diversification. I also own shares in RSM and AM, Have a few BFL orders, A chip order, and early pre orders with Bitaxe.ca, KNCminer and a few AM USB's on the way.

New update at bottom of thread-head. Group purchase now closed while holding for up to 2 hours for last payment of 1 share. New update at approx 1.45 pm central time. (2h 15 min from this post)

We have original purchase price verified, I have sent BTC3.05 (1 share, plus expedited transaction fee) from my own wallet to the wallet designated for purchase and am waiting for transaction to become available. I will then make the purchase and send everyone final confirmation together with transaction log for the purchase. I will also provide copy of contract/invoice from BitCentury as soon as they send it out (should be available by the end of business day today).

Purchase has been made and I am awaiting confirmation from Bitcentury. As soon as this happens I will send every share holder a copy of Purchase confirmation, Transaction info showing payment from the receiving address (where you send BTC) to Bitcentury's official receiving address and screenshots of the payment process.

CONGRATULATIONS everyone! We seem to have made the first batch of available units (as far as I can tell).

good sounds like a bit of fun may end up better then my other bfl investment.

Awesome. Thanks for helping us share the risk.

Considering the amount of 'proof' that is available around Bitfury, Bitcentury and Metabank I feel fairly confident that the miner will indeed be delivered and maybe even on time  ;D

 It would be nice   about 120Gh divide by 12 = 10Gh a share.   maybe 110Gh divide by 12 = 9.167Gh a share

Yeah, well if they do delivery on time it will still be by FAR the cheapest GH/s that I know of.

Out of curiosity, what's your intention for the chip order? Do you intend to resell them or do you have a way to fabricate a system with them?

I actually have no chip-only order. I have an order with a group buy for k16 and k64 boards, and a few orders with Bitaxe.ca for complete blades that I may or may not resell. I was a little 'late to the party' for the chip only orders and decided to sit it out. I don't have neither the time or technical expertise to build anything myself, and even if I took the time I think my time is better spent not doing so.

I was going to resell the USB's for a profit on eBay but think I'll just plug em in, let them hash away and keep then as collectors items.

hello. We started to make a open census of those who made  pre-orders. If you do not want to publish your nicknames and number orders, you can add as AnonimousXXX (possibly breaking your order into several AnonimousXXX,for greater privacy)
https://docs.google.com/spreadsheet/ccc?key=0AmyZBD2EHCEEdG9SdENBV0l4YnNuNklrdDItMTJwdlE#gid=0

Question to the share holders: Instead of PM'ing everyone left and right, would you mind if I just publish your profile link, TXid, receiving address and share amount here as verification and if anything is wrong you PM me?

Then I can send out the contract copy via PM to all share holders.

That seems okay to me. 1 share for 3 coins.  you can post my info.

Fine by me :)

Anyone interested in a second batch? I can probably put down 15 btc.

I might be willing to run a second auction, the price is now 32 btc though I believe. If there is e ought interest ill consider it.

No objections. Go ahead and publish what you need.

I'm a bit low on funds. Might come up with a single share though.

Not sure if I can swing another 3.2btc. I have 2.2 and mining away at about .2 a day. That would mean 4 or 5 days till I get to 3.2. I could try and sell my last shares of Am but I kind of want to hold on to the two of them. I will get back to this on WED about 12 hours from this post.

No problem, I haven't even opened a second group buy yet.

I'll watch the thread, but if you do happen to open a second group, I'd be interested as well.  Thanks!

Sure, I don't mind it either.

Share holder list posted. If you for any reason would like me to take down the info, or remove your transaction from the list just PM me. It seemed a majority was fine with this share holder list confirmation but of course I will honor your request. I will also likely take the info down at a later point as there is no real 'reason' to publicly show it other then to verify to the share holders that the group purchase has been made as described and allow 'capping' of info for future reference.

As you will notice I own not 2 but 3 shares, and this is because I ended up paying for the 10th share out of pocked to finish the purchase ahead of schedule. Just for clarity.

If anyone is interested in picking up a single share in the Group Purchase, I have 1 of my 3 personal shares left and would be willing to sell it to cover some expenses. IF you are interested, PM me asap. No more than 1 share will be sold.

3BTC sent. Thank you.
http://blockchain.info/tx/f02b4c586fc2400ce129224a510bd4d08eebbd13ba84d78986a7e5b3eb660f86

If you are (somehow) able to get unit(s) out of the first batch I would be interested in a group buy for another unit.

i sent a pm about a change of btc address. please guide me through what is needed to do this. thanks phil

I was able to get in touch with walletbit.com and they have organized a new wallet company.  they transferred my previous address to their new company.  so this means I am still using my same btc address that I paid the 3 coins to you .


1AyWHY6kCMi4F221J7aPheiYdAvkDbcdPp


http://blockchain.info/tx/b3d06ae32ca1584fa8bdb6920100530b21906dc318dfdf9d39eab74166cbd703

Any updates or estimates about when expected shipping dates might be? I realize there are definitely separate bitfury threads for that, but since I've only got a few group buy hosting shares, I'm less diligent about keeping up with another 100 page thread.

Oh crap, I totally missed this. Do you need anything changed? PM me.

It seems the chips are arriving as we speak and Metabank are estimating shipping within a few weeks. So everything seems to be 'on track'.

Thanks!

 And I missed you telling me that you missed this LOL

  The new company has given me access to the same bit wallet.  so when this starts paying off some coin it can be sent to the same btc wallet that I started with.

 Today I finally got the time to do some btc paperwork. I found this thread and your post so I am all good as of today.  ty phil

any update on when the miner will be coming in?

Looking for status on this group buy? Any info on what is up with that?

was pm'd an answer 2 weeks.  ty

Great to hear!

Guys,

If anyone is interested, I might be talked into selling my FSB4000 hosted BitFury (good friends with Pidobir but didn't order as many units, also no fees, for original terms and thread see here: https://bitcointalk.org/index.php?topic=223099.msg2348080#msg2348080

I could use some funds now...

He only ordered 5 total units - Order:
https://metabank.ru/asic/ee3d0b07fdd0cb854e9308727f11e9b4
 (https://metabank.ru/asic/ee3d0b07fdd0cb854e9308727f11e9b4)Payments:
https://blockchain.info/ru/address/12h7WWhMgmY46EZT34Ps2zokgms931PZzh
 (https://blockchain.info/ru/address/12h7WWhMgmY46EZT34Ps2zokgms931PZzh)

Also, shipping is almost down to FSB4000's order - see line 53:

https://docs.google.com/spreadsheet/ccc?key=0AmyZBD2EHCEEdG9SdENBV0l4YnNuNklrdDItMTJwdlE#gid=0
 (https://docs.google.com/spreadsheet/ccc?key=0AmyZBD2EHCEEdG9SdENBV0l4YnNuNklrdDItMTJwdlE#gid=0)

First 31 btc OBO takes it

Dropping price to 27 OBO

have not heard any info since sept 5th.

 any news is welcome.

 sorry to ask but I have 5 preorders from 5 different companies and on some days i get anxious about it. usually happens after a diff bump (now 112 mill )

Was PMed TheSwede75 few days ago. No reply. I'm starting to get worried.

Give him another 2 days. After that, I'll PM him.

I have emailed Magus, the miner should really arrive shortly.

  I hope so. as of today I am 0 for 5 on preorders.  it would be nice to see at least one come in.   also this gear is out in the wild so it is even a bit more frustrating to not have it hashing for us.

According to this thread the order should be shipping early/mid next week: https://bitcointalk.org/index.php?topic=226846.200

looks good even if it hashes at 95-105gh my preorder  with this group buy will be the first that has ever been delivered to me. ( i don't count the am sticks I got from canary in the mine).

Maybe I will get on a roll and the knc group buy I did will come in next.

  Still waiting for my bfl orders lol

bump

 okay looks like this deal is dead. when you get a chance please pm about refunds.

Indeed. I am awaiting clear instructions, refund etc. from Metabank. Apparently they ran into irreversible customs issues and will be refunding the miners.

 i read refunds are starting to show.  at least the first 4 orders





https://bitcointalk.org/index.php?topic=226846.240


   

https://bitcointalk.org/index.php?topic=226846.msg3237298#msg3237298


https://bitcointalk.org/index.php?topic=226846.msg3237414#msg3237414


sad would have been nice to finally get a preorder come in.

Indeed. I have requested refund today and expect it to come in sometime in the next 24 hours.

Sounds good.  Thank you for staying on top of this.  Phil

The refund has been received and I have sent out PM's to all group buy members for address verification. If you ABSOLUTELY want to change your receiving address (which I hate doing, for many reasons) you will still have to sign a message to that effect as I do not wish to risk sending BTC to the wrong address.

Thank you my refund is here :

 1 confirm so far.

https://blockchain.info/address/1AyWHY6kCMi4F221J7aPheiYdAvkDbcdPp


 I posted a + trust for you> thanks for being an honest person.

Received refund and repped. Thanks for organizing this and returning money when it didn't pan out.

Refund received, leaving positive trust feedback.

Refund received, thank you, I appreciate your efforts for this GB.

No problem at all. Would have been fun to get the actual miner but I knew there was a risk with Russian shipping. All refunds except 1 paid out (waiting for user response).

ALL refunds have now been sent and accepted by group buy members. ADMIN can close this thread. I hope everyone feels that they have been treated fairly and once again, sorry the purchase didn't pan out but at least no one lost any funds.

Short of going to Russia and smuggling equipment in your underwear, I think that you did all that you could. Thanks again, Swede.