Bitcoin Forum

Economy => Securities => Topic started by: Foofighter on June 02, 2013, 09:32:22 PM



Title: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken [closed]
Post by: Foofighter on June 02, 2013, 09:32:22 PM
Hi guys,

In this thread we want to introduce a new community mining project which is based on bitfury mining devices. (Group buy -> https://bitcointalk.org/index.php?topic=223656.0 )
It will be based on the same scheme like our open source asic miner projekt (https://bitcointalk.org/index.php?topic=216782.0)

Advantages:
-Low power costs (0,7W – 1W / GH) -> So you will get more mining earnings.
-120GH / device for a low price of 1,25 BTC / 3GH/s

About this project:
-There will be 40 shares for 1,25 BTC each per device.
-One share equals a hashing power of 3GH/S
-The devices will be hosted by us (No hosting effort for you !)
-The power costs will be subtraced from the mining earnings.
-There will also be a small handling fee of 1,5% before ROI and 5% after ROI
-Please note the User Akka is already provided with my identity data-> see my other community project

We will buy the Mining Units from the following Group Buy:
https://bitcointalk.org/index.php?topic=223656.0
As Metabank.ru only delivers inside of Russia, we are depending on the  „proxy service“
of  Senseless. This means, he orders the Mining Units for us at metabank.ru and forward them to us.

Senseless charges an amount of 38-40+BTC / device

As we have to calculate additonal costs for customs and taxes, we will charge 50 BTC/ device
Senseless doesnt use any Escrow, this means the risks of this order are carried by the purchaser.

Attention Pre Order! If Senseless doesnt deliver, we take no responsability!
But we think the Groupbuy is very legitimate, because also Luke-Jr ( BFGMiner developer) has already ordered a device.


1 Share = 1,25 BTC = 3GH/s



Link to German Thread:
https://bitcointalk.org/index.php?topic=223815.msg2355294#msg2355294

Quote
How to buy a Share
1. send payments only to the mentioned adress:
Orders closed
2. post a PM or a post with your BTC adress(sending adress) and the amount of shares you bought
(If the receiving adress shouldnt be the same like the sending adress please also send the receiving adress!)

If the necessary BTC for 1 Miner are collected we will immidiatly send an order and notify you here in the thread.

If the Pre orders are closed and I still have BTC for Shares, you get your BTC back.

First come, first served, the ones that pay first will get a fixed Share, because we are only ordering a fixed amount of devices and the amount of pre orders is also fixed!

Terms for Sharetrading
# A share trading fee of 2% will apply.
# Any trading of shares is handled by me, that means you can sell the shares, but the buyer pays the BTC directly to me, then I will subtract the 2% share trading fee, and forward the BTC to the share seller.



regards
Foofighter


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 02, 2013, 09:32:59 PM
http://imageshack.us/a/img15/8905/2958.png

###############################################################################
###########################Stats:################################################
###############################################################################

http://anonymouse.org/cgi-bin/anon-www.cgi/http://img194.imageshack.us/img194/2725/qhz0.png


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 02, 2013, 09:33:24 PM
reserved


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: adamthefishman on June 02, 2013, 10:51:00 PM
Several shares interested. And reserved if possible.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 05:11:08 AM
Several shares interested. And reserved if possible.

Hi,

I need an amount from you please , as you can see 12 Shares are already taken by people who are interested.

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Eric Muyser on June 03, 2013, 05:24:32 AM
Edit: Math error, thanks ChronoX5.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 05:33:18 AM
You are free to invest where you like to, but you cant just take the 30 BTC and think this are the full costs..

We have to pay at least +6 BTC for customs and this is just to bring the device from Russia to EU, there could be other/more expanses to take into account.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Eric Muyser on June 03, 2013, 06:15:32 AM
You are free to invest where you like to, but you cant just take the 30 BTC and think this are the full costs..

We have to pay at least +6 BTC for customs and this is just to bring the device from Russia to EU, there could be other/more expanses to take into account.

Of course, I'm just thinking 10BTC = $1300 for customs when the device is $2100 and thinking what? and we could at least opt to pay a certain amount of DOLLARS for custom fees when it's ready to ship, instead of BTC now, because who knows what BTC will be worth in 3+ months? You could be getting $5000 for customs, or $50, but more likely $1500+.

There's other fees, and I'm sure the 1.5% will help. If it's not enough, increase that IMO.

Imports to my country, Canada, would only cost $245 (http://o7.no/ZG7sU3). What about yours?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 06:45:31 AM
Again, Eric nobody is forcing you to join this Groupbuy.

In most countrys in Europe you pay the full VAT to bring goods in your country from outside of EU, this is 20% in my Country (Austria) .This value is without any additional customs costs. (the 6BTC is of course a real value which we have to pay for as a minimum).

You cant expect that the customs will be calculated on the Original Price, they are usually calculated on the reseller price you payed for.

I have already interests for 17 /40 Shares.

I would suggest that you join an US Groupbuy as it seems there are no high VATs, customs costs and other fees.

Best regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: adamthefishman on June 03, 2013, 08:01:07 AM
I will reserve 3 please


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 08:10:49 AM
28/40 shares taken for the 1st device

i will update the list later today


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: frontbit on June 03, 2013, 09:08:25 AM
I'm in for 2 shares. Can you please reserve them for me? Thanks.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Mabsark on June 03, 2013, 09:26:38 AM
I'll take 1 share.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 11:52:06 AM
3 Shares reserved by User "varunsin" via PM


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: DebitMe on June 03, 2013, 11:55:55 AM
Please put me down reserved for 3 shares please.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 12:25:40 PM
37/40 Shares reserved


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: evilscoop on June 03, 2013, 02:51:04 PM
put me down for 1 share please


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 03:17:38 PM
Please note: we are ordering more then 1 device if there is more demand here.

Payments will be openend up propably in the next hours, who pays first gets his fixed Share.

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: ironcross360 on June 03, 2013, 03:20:03 PM
what will be estimated profit? with 1 share
Give me 1 share!


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Mabsark on June 03, 2013, 03:31:52 PM
I no longer want a share, I've decided to upgrade my BFL order instead. Thanks for the offer though.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: ChronoX5 on June 03, 2013, 03:39:19 PM
I think 10BTC markup is a little extreme. Those guys are hosting it, so that's why they charge a large markup.

The original device is 17BTC.

40BTC = 3 BTC per GH = 0.003 BTC per MH

We can get 0.0041 per MH with YABMC's perpetual mining bond, or 0.007 per MH with TAT's VIRTUALMINE IPO, both *right now* when Bitfury's will take 3+ months, if at all, and with the risk of trusting not only Bitfury, Metabank, TheSwede75, and you.

In addition, the difficulty is going up 25% in 2 days.

Prices are becoming ridiculous.

I think there's an error in your calculation. It's 1 BTC per 3 GH/s. Which is 0,33BTC/GH/s or 0,00033BTC per MH/s. So it's cheaper by a factor of 10.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 05:18:09 PM
Payments are open, see OP for more Info!


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: iCEBREAKER on June 03, 2013, 05:57:55 PM
Two shares please!   8)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: itxtutor on June 03, 2013, 06:03:26 PM
Two shares please!   8)

Payments for the first device are open ! You can see the payment adress in the first post.


There are only 7 Shares from the first device available. Remember -> First in first out


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: iCEBREAKER on June 03, 2013, 06:06:15 PM
Two shares please!   8)

Payments for the first device are open ! You can see the payment adress in the first post.


There are only 7 Shares from the first device available. Remember -> First in first out

Payment of BTC2 and PM sent.   8)

Danke!


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: itxtutor on June 03, 2013, 06:07:38 PM
Two shares please!   8)

Payments for the first device are open ! You can see the payment adress in the first post.


There are only 7 Shares from the first device available. Remember -> First in first out

Payment of BTC2 and PM sent.   8)

Danke!

Thanks ! Foofighter will post the updated share list as soon as possible.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 03, 2013, 06:32:38 PM
Hey guys

see the table of Shares in the second post, from now on only 5 Shares are left for the 1 Mining Unit.

Please check if all your data is correct, i will also double check everything later!.

Thanks for your strong support so far!

regards
Foofighter


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: itxtutor on June 03, 2013, 06:43:54 PM
First device is full now. Foofighter will preorder the device now. All payments from now on will be used for a second device, if there is enough demand.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: ironcross360 on June 03, 2013, 07:11:37 PM
Where do i send my btc? and so i get 400$ a month if I get 1 share?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: itxtutor on June 03, 2013, 07:36:59 PM
First device is pre-ordered.

https://blockchain.info/de/tx/8d08854a98f66d0cb9caba8319a7c19225e9a7cb883628095a1e253366bfb627

Now we are waiting for the contract from bitcentury.


Dont fear, we will order more devices. There are also many PM-requests.

If we cant afford a whole miner, or the pre-order time has ended, we will refund the bitcoins.

for the second device, we will use the same payment adress as for the first device !


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: frontbit on June 03, 2013, 11:12:14 PM
I don't understand how this works. I thought I reserved 2 shares when you were not taking payment. But now I don't see my name on the list for first device


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: itxtutor on June 04, 2013, 05:19:35 AM
I don't understand how this works. I thought I reserved 2 shares when you were not taking payment. But now I don't see my name on the list for first device

The first list was just a list of potential buyers (we needed to evaluate the demand on those devices ) . The real share holder list was made of the payments. We need to do that because there´s a limited amount of devices, so we need a fast payment.

Quote
I am interested in 1 share for the second miner. Do I make a payment now or wait confirmation that there us enough interest?


We think there is enough demand for more devices, the first one is ordered now, and payments for the next one are open too (Same payment adress).

When we get enough BTC for a full miner, we will order the next one. If we don´t get enough, dont worry, you will get your bitcoins refunded from us.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: slightboyme on June 04, 2013, 06:42:14 AM
Interested. So the fee is all inclusive? And how do we guarantee 24/7 operation?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: evilscoop on June 04, 2013, 07:33:16 AM
while I still require a share, I must say you have handled this badly....

You should have allowed those that expressed the interest first time to pay for their shares, not just opened it up and let people swoop in ahead of those that already said they required shares...

You failed to account for time zones etc, and since you sent a pm to those that put their name down, you could easily have sent them a , "you have 24hrs to pay to address" pm...


This does not fill me with confidence....


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: adamthefishman on June 04, 2013, 07:55:02 AM
while I still require a share, I must say you have handled this badly....

You should have allowed those that expressed the interest first time to pay for their shares, not just opened it up and let people swoop in ahead of those that already said they required shares...

You failed to account for time zones etc, and since you sent a pm to those that put their name down, you could easily have sent them a , "you have 24hrs to pay to address" pm...


This does not fill me with confidence....

I totally agree.

We are not all glued to the computer to reply or pay as soon as you demand it.

I suggest you order the second unit now, and continue accepting payments once you have fully clarified the queue order and payment status of the initial expressions of interest.

FYI I was one of the first expressions of interest with reserving shares on the unit, and now have missed payment and thus a position in the first unit.

Awaiting your response.

Thanks


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: itxtutor on June 04, 2013, 09:33:06 AM
Interested. So the fee is all inclusive? And how do we guarantee 24/7 operation?

We got a good internet connection and the connection is also backuped by a UMTS modem.


Quote
while I still require a share, I must say you have handled this badly....

You should have allowed those that expressed the interest first time to pay for their shares, not just opened it up and let people swoop in ahead of those that already said they required shares...

You failed to account for time zones etc, and since you sent a pm to those that put their name down, you could easily have sent them a , "you have 24hrs to pay to address" pm...


This does not fill me with confidence...

As you can see in this thread https://bitcointalk.org/index.php?topic=223656.0

the preorder units and pre-order time are limited, the first in first out concept is also common in many other projects.

So it would be much effort to do a preorder list and wait until everyone has payed due to some people who say that they would take shares and then they dont take them.

Im pretty sure our next device will be full soon and will be shipped with the other device.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 04, 2013, 09:43:27 AM
Hi all,

I have to apologize for the fast changing to payments.

But I heard that already many pre orders are taken and like itxtutor said they are strictly limited, so we cannot wait for everyone to buy in, the batches have to fill fast and we will make a fast order as soon as a Batch is full.

I dont unterderstand your doubts, I have so many PNs asking if the 2nd Batch will fill accordingly. If you just would start to pay in for the 2nd batch Iam sure we can fill it up in the next 2 days!

And as mentioned in OP if the pre orders are closed, the BTC will be refunded.

Thanks for your understanding

EDIT: 2/40 Shares paid

regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: evilscoop on June 04, 2013, 09:48:37 AM
you requested people show an interest, for some this means also aquiring the btc or move btc from other wallets etc...

IF you request people to sign up to show interest, you are duty oblidged to allow them to pay first, in some way....be that 1 hour or 24 hours....you should give them priority...

I only want one share, so tbh it makes little diff to me, as ive already pm'd you my transid for the next share run.....but in future, please, play fair.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Amph on June 04, 2013, 12:02:35 PM
is this another end of summer shipping thread?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 04, 2013, 12:06:39 PM
is this another end of summer shipping thread?

see info in OP, and yes these are Pre orders.

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: adamthefishman on June 04, 2013, 12:10:09 PM
Hey,

4 Shares Purchased.

4 BTC Sent

From address   1Eec79wALAK1ir47XNJnnhW1KSa7r2CFSD

Thanks.

Adam


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 04, 2013, 12:10:47 PM
Hi all,

actual status:

9/40 Shares paid


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: evilscoop on June 04, 2013, 12:16:55 PM
does that include mine, as ive had no confirmation from my pm i sent you ?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 04, 2013, 12:20:20 PM
does that include mine, as ive had no confirmation from my pm i sent you ?

yes it does, there are no individual confirmations, I will just post the list, but as Iam at work right now - i will do this in a few hours.

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Ashitank on June 04, 2013, 12:28:45 PM
Hi all,

actual status:

9/40 Shares paid


is this for second device / 2 Mining unit  ?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 04, 2013, 12:46:56 PM
Hi all,

actual status:

9/40 Shares paid


is this for second device / 2 Mining unit  ?

yes


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 04, 2013, 04:42:52 PM
List updated:

19/40 Shares are paid from 2nd Miner.

regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Ashitank on June 04, 2013, 05:08:25 PM
I will take 4 shares from 2nd mining unit, I am only able to send BTC tomorrow though


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 04, 2013, 06:09:57 PM
I will take 4 shares from 2nd mining unit, I am only able to send BTC tomorrow though

Ok, lets see if there are shares left from the 2nd Unit.

So just found this Inforamtion regarding the CAP of Preorders:
https://docs.google.com/spreadsheet/ccc?key=0AmyZBD2EHCEEdG9SdENBV0l4YnNuNklrdDItMTJwdlE#gid=0

This is an Info Excel were for sure not all orders are coverd, current status from the Excel would be 114/366 device Pre ordered.

So lets say if we are lucky only a bit more then the half is Pre ordered and we have still time to order more devices!

2nd Miner Status:
23/40 Shares paid


regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Ashitank on June 04, 2013, 08:25:36 PM
Bought 2 shares, have PM you details Foofighter.

Please send Dividends to Address : 11zdPjd9tbVoUW84d8xP8r8Rwim9M6g5r


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: adamthefishman on June 04, 2013, 09:32:59 PM
I would just preorder it now.

You have raised 63 btc so far, enough to cover 2 units.
Worst case, if you don't raise any more, you have a larger profit margin of the mining profits.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: adamthefishman on June 05, 2013, 08:16:50 AM
Hi Foofighter,

Just checked the google doc you linked to, and it indicated that you have ordered 2 units.

Is this the 1st and 2nd of this thread, or another device?

Cheers

Adam


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 08:18:18 AM
Hi,

I already ordered the 2nd Miner.

@adam
the 2 devices are both from this thread

2nd Miner Status:
31/40 Shares paid


grüße
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: adamthefishman on June 05, 2013, 09:09:48 AM
Hi,

I already ordered the 2nd Miner.

@adam
the 2 devices are both from this thread

2nd Miner Status:
31/40 Shares paid


grüße
Foo

Great news,

Thanks Foo, I feel a lot better now.

Now just the wait for the products to ship.

I really need another hobby!!!


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Ashitank on June 05, 2013, 09:35:04 AM
Foofighter by when do you expect to start mining with ordered devices


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 09:47:51 AM
Foofighter by when do you expect to start mining with ordered devices

see here
Quote
When will units be shipped?

Metabank has announced release of devices in Aug-Oct 2013. Once we start receiving the devices; They will be quickly tested and sent on their way toward your location.

As of now there are no other news then this. I will keep you posted!

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 12:43:24 PM
Hi,

I already ordered the 2nd Miner.

2nd Miner Status:
33/40 Shares paid


I think if enough demand is here we still got time for a 3rd mining device.

grüße
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: slightboyme on June 05, 2013, 03:38:26 PM
want to reserve the last 7 shares. question: how do we guarantee 24*7 operation?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 04:32:07 PM
Hi,

you cannot reserve any Shares, pay and the share is yours if there is still a share available.

Interested. So the fee is all inclusive? And how do we guarantee 24/7 operation?

We got a good internet connection and the connection is also backuped by a UMTS modem.
regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Ashitank on June 05, 2013, 04:39:36 PM
2 BTC sent today , Transaction ID: 672f39065687503b79ccb074d02c0764a84c04e77d3ec8a677fd5daa8868a3a2

2 BTC sent yesterday , Transaction ID: dbb371dddb1798fa406f4644dee6b446f30e274771508d39651d57828e7867f6

Foofighter please conform 4 shares for me.

Dividend address : 11zdPjd9tbVoUW84d8xP8r8Rwim9M6g5r

Cheers
Ashitank


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: slightboyme on June 05, 2013, 05:06:58 PM
then the question is: who is responsible for the down time? I think it makes sense to payout a fixed amount per share based on difficulty with a slightly higher fee.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 05:12:21 PM
then the question is: who is responsible for the down time? I think it makes sense to payout a fixed amount per share based on difficulty with a slightly higher fee.

Hi,
the payout scheme was defined in OP.

Current Status of orders
2nd Miner Status:
37/40 Shares paid


1 Payment is still unaccounted for, every Investor who hasnt send a PM or posted his investment so far should do so please.

regards



Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: jaywaka2713 on June 05, 2013, 05:14:16 PM
What method are you going to use to mine? Solo? PPS pool? PPLNS? Proportional pool?

If any of the pool methods, what pool?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 05:34:31 PM
What method are you going to use to mine? Solo? PPS pool? PPLNS? Proportional pool?

If any of the pool methods, what pool?

not yet decided, but a solution which makes the best possible profit for everyone. (no solo)

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: jaywaka2713 on June 05, 2013, 05:40:06 PM
What method are you going to use to mine? Solo? PPS pool? PPLNS? Proportional pool?

If any of the pool methods, what pool?

not yet decided, but a solution which makes the best possible profit for everyone. (no solo)

regards

Go with PPLNS. Idc what pool you go on, but try to avoid BTCGuild as well. They're getting sort of large.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 05:50:06 PM
There is still a lot of time to go, but we will surely take all advices and wishes into account, and yes I also think BTCguild is getting too big.

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: jaywaka2713 on June 05, 2013, 06:05:30 PM
There is still a lot of time to go, but we will surely take all advices and wishes into account, and yes I also think BTCguild is getting too big.

regards

Ugh I'll buckle to my better will and buy one share. I'll send you payment when my iPod Touch boots to access my online wallet.

EDIT: Payment sent. Payment from 1JayWaKadzXA2vgoAdEcNmautoDMN5tih9


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: KSV on June 05, 2013, 06:26:16 PM
very tempting but 1BTC seems much  :(


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 06:29:38 PM
1 Share left of 2nd Miner


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 06:57:38 PM
Hey guys,

2nd Batch is full, but I have still people which are interested (PNs)

The estimated preorders are now about 250/366 Pre ordered UNITS.

I think we can still finish a 3rd Batch, just dont wait till the end with your payments!

Best regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: itxtutor on June 05, 2013, 07:00:14 PM
then the question is: who is responsible for the down time? I think it makes sense to payout a fixed amount per share based on difficulty with a slightly higher fee.

As we said, we do the best to Keep everything up. We ordered 2 low power Servers (One for backup) and also the Internet Connection is backuped by a  mobile Internet Connection. If the System freezes, i can restart it with remote assistance. If a device breaks down and needs repair, it´s the risk of all of us.  So dont worry about downtime !


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Ashitank on June 05, 2013, 08:12:53 PM
Hey guys,

2nd Batch is full, but I have still people which are interested (PNs)

The estimated preorders are now about 250/366 Pre ordered UNITS.

I think we can still finish a 3rd Batch, just dont wait till the end with your payments!

Best regards
Foo

Is the pre-order for 3rd mining device consisting of 40 shares priced @ 1btc each open ?!

Are you going to wait for 40 shares to be sold before you order 3rd mining device or do you plan to order the 3rd device once all 40 shares are sold.



Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: Foofighter on June 05, 2013, 08:17:30 PM
Yes Pre order is open.

I can order when around 30 shares are paid.

Current Status

5/40 Shares are paid for the 3rd Miner

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 40 Shares/ Mining Unit
Post by: jaywaka2713 on June 06, 2013, 03:25:13 AM
Look into mining on 50BTC. Nice PPS system, and if you set difficulty of shares to 64 you get higher share payment.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Foofighter on June 06, 2013, 10:25:33 AM
Hi,

according to the list, less then 100 Pre orders left!

Common guys we can still manage to get this 3rd Batch full.

Current Status

10/40 Shares are paid for the 3rd Miner



regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Foofighter on June 06, 2013, 04:56:02 PM
Hey guys,

list is up to date again, just a little bit more pushing and we can finish the 3rd Batch!

Status

16/40 Shares paid


regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: itxtutor on June 06, 2013, 06:52:33 PM
Hi guys,

we got an update on the number of devices which are able to preorder


Quote
Hi Foofighter,

I can tell you that Metabank has a limited number (likely less than 350 by now), primarily because they are only creating X number of chips for batch 1, and while fab'ing large quantities of  chips is a very fast process (1 or 2 days type scenario), from the perspective of Metabank, they have to make a decision in terms of financial risk to them. It would be something like: How much money are we willing to risk on a chip that is not yet confirmed to be working (hence batch "1")? If batch 1 fails, they would want to still have money left to enter into batch 2 after the bitfury attempts to fix any design flaws, which would not be for several months later as regardless of whether batch 1 chips fail or not. This is because foundries work on a scheduled process and there are many customers from other companies waiting in line to fabricate their own asics (not bitcoin related), so even if batch 1 works, and it only takes 1 or 2 days to fab thousands more chips, they have to wait several months before the next opportunity; hence why batch 1 has limited quantity of units.

I hope that makes sense,
Luis

So if we hurry up with the payment and get to 30 BTC, we can order a 3rd device !


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Foofighter on June 06, 2013, 08:01:13 PM
Hi,

Status
21/40 Shares paid


gogo!


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Foofighter on June 07, 2013, 06:13:54 AM
Status
27/40 Shares paid



just one last push and we can order the 3rd Miner!

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Ashitank on June 07, 2013, 07:09:44 AM
Hi Foofighter could you please keep this thread updated about status of Bitfury chips fabrication & testing results , some of us don't understand Russian :)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Foofighter on June 07, 2013, 07:15:57 AM
Hi Foofighter could you please keep this thread updated about status of Bitfury chips fabrication & testing results , some of us don't understand Russian :)

Sure, we will keep you posted as soon as more infos are available!

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Foofighter on June 07, 2013, 08:41:40 AM
Hi all,

we reached the treshhold of 30 Shares and so I made paymend for the 3rd device, we just have to wait till we have a confirmation of the4 order @metabank.

Thanks to all of you!

Status

30/40 Shares paid


regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Foofighter on June 07, 2013, 11:20:22 AM
Hi,

3 Shares are left to take atm!


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Get the last Shares now!
Post by: Foofighter on June 07, 2013, 12:58:57 PM
Thanks to everyone,

all Share are taken as of now, we are just waiting for the confirmation of metabank for the 3rd Miner.

regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 07, 2013, 04:53:15 PM
Hey guys,

there are still people out there interested in a Share, I have people asking for about 10-15 Shares via PM.

From my side its no problem to try to fill up a 4rd Batch, if we dont reach the goal, I will refund everything!


grüße
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 07, 2013, 05:27:32 PM
Hey guys,

tables are updated, and we decided to start rly Batch 4 and try to fill it up!


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 07, 2013, 06:08:18 PM
Hey guys

actual

Status
4/40 Shares paid


grüße


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: jaywaka2713 on June 07, 2013, 06:17:14 PM
Hopefully that one fills up. Ugh idk I might buy another share. Don't allocate one to me. I'll just think about it.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 07, 2013, 08:48:57 PM
Status
12/40 Shares paid


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 09:08:30 AM
Hey guys,

Bitfury is giving out the first Alpha test chips to prove there low nm Technologie and the low engergy usage, see here:
http://bitcointalk.org/index.php?topic=228677.0

Status
12/40 Shares paid


Gogo, lets fill up this Batch guys!

regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 09:55:16 AM
Just updated the investments Lists.

Status
14/40 Shares paid


regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: vitalemontea on June 08, 2013, 09:57:17 AM
Attention Pre Order! If Senseless doesnt deliver, we take no responsability!
Who is Senseless? Link or anything?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 09:58:33 AM
Attention Pre Order! If Senseless doesnt deliver, we take no responsability!
Who is Senseless? Link or anything?

He is one of the guys of Bitcentury, they provide the service to bring the devices from Russia to us:
https://bitcointalk.org/index.php?topic=226846.0


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 12:54:10 PM
Status
17/40 Shares paid


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: DutchBrat on June 08, 2013, 01:02:24 PM
5 shares bought

TXID: cdb4e18af0b61ee23ce2725433d84473b93edca71a45250a3e13b05351f1688c

Address: 1HrKVrwUWDgHTptF1L1b527nNrQQ4t75TM


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 01:24:57 PM
Thank you,

Status
22/40 Shares paid


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 04:25:29 PM
Hello Mr.Troll,

just compare the outgoing BTC with the incoming BTC of the adress  of Bitcentury..


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: itxtutor on June 08, 2013, 05:20:46 PM
25/40 Shares  for mining device #4 -> 15 Shares left !


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: wrenchmonkey on June 08, 2013, 05:39:31 PM
Senseless charges an amount of 30BTC / device

Goddamn, that IS senseless. For that money, you could fucking fly there and pick it up in person. If you're buying 4 of them, that's $15Grand!  :o


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: ranlo on June 08, 2013, 06:51:51 PM
Hi guys,

In this thread we want to introduce a new community mining project which is based on bitfury mining devices. (Group buy -> https://bitcointalk.org/index.php?topic=223656.0 )
It will be based on the same scheme like our open source asic miner projekt (https://bitcointalk.org/index.php?topic=216782.0)

Advantages:
-Low power costs (0,7W – 1W / GH) -> So you will get more mining earnings.
-120GH / device for a low price of 3 BTC / GH

About this project:
-There will be 40 shares for 1 BTC each per device.
-One share equals a hashing power of 3GH/S


I'm a bit lost. You said that the cost of the device is 3 BTC/GH, but yet you are selling shares at a rate of 3GH/BTC.

Is one of these reversed?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 06:57:01 PM
Sorry,

1 Share = 1BTC = 3 GH/s

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 06:59:41 PM
Just fixed it :)

actual Status:

26/40 Shares paid


@ranlo

Are you interested in buying a Share?

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: ranlo on June 08, 2013, 07:23:55 PM
Just fixed it :)

actual Status:

26/40 Shares paid


@ranlo

Are you interested in buying a Share?

regards

Is there any information on when the ASIC's should be ready?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: itxtutor on June 08, 2013, 07:32:22 PM
Hi,

Currently there are no accurate Infos abot it. But they said somewhere between August and october. But we are confident, in the upcoming days there will be test chips sent out to developers. They will test them and give us a Feedback about power consumption and Performance

regards.
Steven


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 08, 2013, 08:37:12 PM
Hey guys,


30/40 Shares paid !

10 SHares are still left for #4

EDIT: 4th Miner is already ordered!


regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: hwmax on June 09, 2013, 01:53:34 AM
Can I ask a couple of questions; Where will these be hosted? Will they be hosted in a location that you can easily travel to if there is need of emergency maintenance/other intervention? Do you have network/engineering and/or electrical engineering experience if these units are delivered fairly bare bones and require some effort to have them mining efficiently?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: vandinn on June 09, 2013, 02:41:30 AM
I am offering a similar service at a better price (due to lower costs). See here: https://bitcointalk.org/index.php?topic=229663.new#new


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: suryc on June 09, 2013, 03:02:06 AM
Payment of 2BTC sent for 2 shares:
http://blockchain.info/tx/1a6f1a2b236d3122784fbd3c72d851180a16061cc642169eaeebf408dc83f6d4 (http://blockchain.info/tx/1a6f1a2b236d3122784fbd3c72d851180a16061cc642169eaeebf408dc83f6d4)

Thank you.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 09, 2013, 07:50:32 AM
Hey guys,

33/40 Shares paid !

Gogo, if we can manage to get the 4th full und just get the first few investments for the 5th Miner we will reach our goal hopefully!




Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: suryc on June 09, 2013, 07:57:39 AM
Foofighter, where are you planning to host these miners?
Sorry if you already answered that, but I looked and didn't see it.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 09, 2013, 08:24:28 AM
Can I ask a couple of questions; Where will these be hosted? Will they be hosted in a location that you can easily travel to if there is need of emergency maintenance/other intervention? Do you have network/engineering and/or electrical engineering experience if these units are delivered fairly bare bones and require some effort to have them mining efficiently?

Foofighter, where are you planning to host these miners?
Sorry if you already answered that, but I looked and didn't see it.

Hey,

the Miners will be hosted near the place of my Partner ITXtutor, so if something is wrong he can easily reach them and check in person. Also remote access will be available to use and backup Internet via UMTS  is provided.
ITXtutor has a lot of experince in electrical engineering so even if the devices would be delivered as you mentioned hwmax, this will be no problem for us.

Best regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: itxtutor on June 09, 2013, 10:36:49 AM
Quote
The PDF has a password. The password is:  NOT LEGALLY BINDING DRAFT COPY

View document here:
https://docs.google.com/file/d/0Bz7CvNpsvWycUm1yb015UzFjbFU/edit?usp=sharing

Bitcentury has released their draft copy of the contract. Note, this is just an early Version of the contract and the final Version will look different.

Quote
Foofighter, where are you planning to host these miners?
Sorry if you already answered that, but I looked and didn't see it

Yes they will be hosted near me and foofighter. I´m studying Engineering at the technical University in vienna, so if the System breaks down, and foofighter is at work, i could fix it when i´m at home or use VPN from the University.


Actual Status:

34/40


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: FoxMURDER on June 09, 2013, 01:03:02 PM
Not sure I know what I'm doing. But what the hell :)
https://blockchain.info/tx/a4dff87eaac778641d073e9296e3932e67d2e78bbae54391b4ba449ee00799de

(if my math is correct, then this is the last bit for fourth miner)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 09, 2013, 01:24:30 PM
Not sure I know what I'm doing. But what the hell :)
https://blockchain.info/tx/a4dff87eaac778641d073e9296e3932e67d2e78bbae54391b4ba449ee00799de

(if my math is correct, then this is the last bit for fourth miner)

Hi,

thank you -  as mention in my PM 2 Shares from you are already in Batch 5.
If the 5th Batch doesnt fill up or the order is too late we will refund your Shares!

Lists are updated now!

Batch4 full

Status for Batch 5
2/40 Shares paid


Please note we will order Batch5 at 10-12 Shares, and this will be definatly the last device in the GP.

regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: itxtutor on June 09, 2013, 02:35:06 PM
Update

13/40 Shares of Batch 5 paid

Hopefully we can order the last device today !

 Foofighter will upload the updated list in the evening.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> 3GH/s for only 1BTC
Post by: Foofighter on June 09, 2013, 06:27:30 PM
Hey guys,

Thanks to everyone for the strong support, we ordered the 5th device but unfortunatly, Bitcentury told us that the Pre Orders are already closed.

Everyone who invested in the 5th Device will get a Refund of his BTC in the next 24- 48 hours because we also have to wait for the refunded money.

For all the other investors of the devices 1 to 4, we will keep you postet as soon as there are any news on this project!

sorry for the inconvenience of the Investors of Batch5

with Best regards
Foo


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: Foofighter on June 10, 2013, 05:46:40 PM
All Investors of Batch 5 have just received their full refund!

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: KSV on June 10, 2013, 05:50:12 PM
all the best investors :)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: FoxMURDER on June 11, 2013, 07:02:31 AM
Got the refund yesterday evening. Thanks ;-)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: Ashitank on June 11, 2013, 07:33:55 AM
Hope Bitfury chips are good to go in first fabrication attempt & we can get going mining asap.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: CtmanGer on June 11, 2013, 03:35:26 PM
If there are shares left from batch 1-4

Just in case someone devides otherwise (if possible OP?)
 I would like to get one or more


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: Foofighter on June 11, 2013, 05:22:00 PM
If there are shares left from batch 1-4

Just in case someone devides otherwise (if possible OP?)
 I would like to get one or more

sorry no Shares left.

Nope the shares sizes are good as they are and they stay in this way.

Maybe someone want to sell his share?

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: CtmanGer on June 11, 2013, 06:35:06 PM
If there are shares left from batch 1-4

Just in case someone devides otherwise (if possible OP?)
 I would like to get one or more

sorry no Shares left.

Nope the shares sizes are good as they are and they stay in this way.

Maybe someone want to sell his share?

regards

lol decides not devides - unfortunate typo :)
yeah I meant if someone sells their share or refunds or else I would like to jump in :)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: jaywaka2713 on June 11, 2013, 09:56:59 PM
If there are shares left from batch 1-4

Just in case someone devides otherwise (if possible OP?)
 I would like to get one or more

I might sell my share for the right price


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: CtmanGer on June 11, 2013, 10:49:44 PM
If there are shares left from batch 1-4

Just in case someone devides otherwise (if possible OP?)
 I would like to get one or more

I might sell my share for the right price

That would be? Am interested... PMd you but of course we can discuss it here , too


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: jaywaka2713 on June 12, 2013, 12:48:27 AM
If there are shares left from batch 1-4

Just in case someone devides otherwise (if possible OP?)
 I would like to get one or more

I might sell my share for the right price

That would be? Am interested... PMd you but of course we can discuss it here , too

Offered 1.35 BTC.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: Foofighter on June 12, 2013, 08:17:08 AM
Hey,

there is the possibility that metabank is selling unpaid Pre orders shortly, if that becomes the case we have to act really quick and pay fast.

Anyone who is interested in a Share please say so now.

More informations will follow.

regards
Foofighter


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: CtmanGer on June 12, 2013, 08:29:06 AM
If there are shares left from batch 1-4

Just in case someone devides otherwise (if possible OP?)
 I would like to get one or more

I might sell my share for the right price

That would be? Am interested... PMd you but of course we can discuss it here , too

Offered 1.35 BTC.
@ jaywaka2713
Buying at 1.30
Transaktions-ID: 3c9ecd7ffe262cf426b8166aefccb71326546cadb41cce5116bb8543374a6f55

@ Foofighter
Jup interested
2 shares 100%
3 more reserved if possible


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: FoxMURDER on June 12, 2013, 03:41:20 PM
ok, if there is more, I've got 3 btc left. willing to prepay if needed.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares are taken
Post by: Foofighter on June 12, 2013, 04:30:56 PM
Hey,

there is the possibility that metabank is selling unpaid Pre orders shortly, if that becomes the case we have to act really quick and pay fast.

Anyone who is interested in a Share please say so now.

More informations will follow.

regards
Foofighter

What does this mean, 'metabank is selling Pre Orders'?

Quote
metabank is selling unpaid Pre orders


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: hwmax on June 12, 2013, 05:22:20 PM
I would be interested if you can get it from the first batch


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: cchan on June 12, 2013, 05:45:13 PM
Any shares left?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: jaywaka2713 on June 12, 2013, 05:54:00 PM
Any shares left?

I have a share that I was going to sell to CtmanGer but if he does not come through with payment, I will be happy to sell it to you.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 12, 2013, 06:13:18 PM
Any shares left?

I have a share that I was going to sell to CtmanGer but if he does not come through with payment, I will be happy to sell it to you.

he told me that this is his transaction?
https://blockchain.info/tx/3c9ecd7ffe262cf426b8166aefccb71326546cadb41cce5116bb8543374a6f55

please confirm

you have obviously gotten 1,3BTC...


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 12, 2013, 06:15:44 PM
Any shares left?

No shares left but maybe a 5th device to go, in how many shares are you interested?

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: CtmanGer on June 12, 2013, 07:26:54 PM
Any shares left?

I have a share that I was going to sell to CtmanGer but if he does not come through with payment, I will be happy to sell it to you.

he told me that this is his transaction?
https://blockchain.info/tx/3c9ecd7ffe262cf426b8166aefccb71326546cadb41cce5116bb8543374a6f55

please confirm

you have obviously gotten 1,3BTC...

All my fault... messages to and from him were so messed up (by the system or a curse)
or i overlooked his messages and didnt press the send button :)

Status: 37 Bestätigungen, über 18 Knoten übertragen
Datum: 12.06.2013 17:50
An: https://bitcointalk.org/index.php?topic=223857.0 Foofighter Bitfury 1JayWaKadzXA2vgoAdEcNmautoDMN5tih9
Belastung: -1.30 BTC
Transaktionsgebühr: -0.01 BTC
Nettobetrag: -1.31 BTC
Transaktions-ID: 3c9ecd7ffe262cf426b8166aefccb71326546cadb41cce5116bb8543374a6f55

That was the transaction to jaywaka2713

I would like my payout address to be:
1AUNE5dGzgyF2cmFKU79xsdwAh4DR4iPBb


sry guys


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: bobsmoke on June 12, 2013, 08:07:13 PM
Any shares left?

No shares left but maybe a 5th device to go, in how many shares are you interested?

regards

interested in case there are pre.orders unpaid and 5th device comes in.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 12, 2013, 08:28:40 PM
Hey guys,

just got an anwer from Bitcentury:

Quote
They dont expect to get any unpaid pre order, but if so they will buy them on their own and resell.

I think we can only wait now and watch how this is working out, due to the low BTC Rate we will also raise the Shareprice if a device is available.

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: jaywaka2713 on June 12, 2013, 11:14:30 PM
Any shares left?

I have a share that I was going to sell to CtmanGer but if he does not come through with payment, I will be happy to sell it to you.

he told me that this is his transaction?
https://blockchain.info/tx/3c9ecd7ffe262cf426b8166aefccb71326546cadb41cce5116bb8543374a6f55

please confirm

you have obviously gotten 1,3BTC...

All my fault... messages to and from him were so messed up (by the system or a curse)
or i overlooked his messages and didnt press the send button :)

Status: 37 Bestätigungen, über 18 Knoten übertragen
Datum: 12.06.2013 17:50
An: https://bitcointalk.org/index.php?topic=223857.0 Foofighter Bitfury 1JayWaKadzXA2vgoAdEcNmautoDMN5tih9
Belastung: -1.30 BTC
Transaktionsgebühr: -0.01 BTC
Nettobetrag: -1.31 BTC
Transaktions-ID: 3c9ecd7ffe262cf426b8166aefccb71326546cadb41cce5116bb8543374a6f55

That was the transaction to jaywaka2713

I would like my payout address to be:
1AUNE5dGzgyF2cmFKU79xsdwAh4DR4iPBb


sry guys

Confirmed Bitcoin was received. Please transfer my share to CtmanGer


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 13, 2013, 03:16:54 PM
ok, change done in my offline table- will update the online table later.

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: hwmax on June 13, 2013, 04:13:11 PM
Anyone have any shares they're willing to sell?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Cryptoin on June 13, 2013, 07:00:28 PM
Also looking for shares.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 14, 2013, 12:40:50 PM
Hey guys,

in the meantime i tried everything to get another device for our GP but it doesnt look so well at the moment.

Since yesterday, Bitcentury put up a waiting list, we are also enrolled in this list.

This means if Bitcentury get their hands on some pre orders und we are the next in the queue, we have 24h time to pay the Pre order.
Iam confident that we can fill up the amount in a time frame of 24hours and I can also pay about the half of the Miner upfront from my own BTCs.

So stay tuned guys, and keep your BTC ready!

regards
Foofighter


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: CtmanGer on June 14, 2013, 12:50:03 PM
as I PMd you yesterday, I am in with 50% 1Share

metabank miner
« Sent to: Foofighter on: 13-06-2013, 19:34:54 »
Quote  Reply  Delete  
Hey I have shares/share ... lost count with you, too.

If you get the metabank miner and want to share I would like to get 50%

Have money/BTC in hand

EDIT: changed 50% to 1Share

Unexpected need to prioritise my finances to elsewhere. Sry


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: jaywaka2713 on June 14, 2013, 02:26:59 PM
Hey guys,

in the meantime i tried everything to get another device for our GP but it doesnt look so well at the moment.

Since yesterday, Bitcentury put up a waiting list, we are also enrolled in this list.

This means if Bitcentury get their hands on some pre orders und we are the next in the queue, we have 24h time to pay the Pre order.
Iam confident that we can fill up the amount in a time frame of 24hours and I can also pay about the half of the Miner upfront from my own BTCs.

So stay tuned guys, and keep your BTC ready!

regards
Foofighter

If this opportunity does present itself, I would like to buy another share. Reserve a spot for me. Any way we can pay ahead of time?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 14, 2013, 03:26:48 PM
Hey guys,

in the meantime i tried everything to get another device for our GP but it doesnt look so well at the moment.

Since yesterday, Bitcentury put up a waiting list, we are also enrolled in this list.

This means if Bitcentury get their hands on some pre orders und we are the next in the queue, we have 24h time to pay the Pre order.
Iam confident that we can fill up the amount in a time frame of 24hours and I can also pay about the half of the Miner upfront from my own BTCs.

So stay tuned guys, and keep your BTC ready!

regards
Foofighter

If this opportunity does present itself, I would like to buy another share. Reserve a spot for me. Any way we can pay ahead of time?

I will think about the possibility that the investors can pay upfront, because if we can get no device I have the work of refunding everything again.

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: jaywaka2713 on June 14, 2013, 03:28:20 PM
Hey guys,

in the meantime i tried everything to get another device for our GP but it doesnt look so well at the moment.

Since yesterday, Bitcentury put up a waiting list, we are also enrolled in this list.

This means if Bitcentury get their hands on some pre orders und we are the next in the queue, we have 24h time to pay the Pre order.
Iam confident that we can fill up the amount in a time frame of 24hours and I can also pay about the half of the Miner upfront from my own BTCs.

So stay tuned guys, and keep your BTC ready!

regards
Foofighter

If this opportunity does present itself, I would like to buy another share. Reserve a spot for me. Any way we can pay ahead of time?

I will think about the possibility that the investors can pay upfront, because if we can get no device I have the work of refunding everything again.

regards

Just use the sendmany command in Bitcoin-qt. Wouldn't work if you are using blockchain.info though.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 14, 2013, 06:55:51 PM
Hey guys,

just some proof that the Bitfury chips exist

https://i.imgur.com/K30DoxD.jpg
https://i.imgur.com/Fi5cil4.jpg

https://bittiraha.fi/content/matka-alkaa

regards
Foofighter


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: jaywaka2713 on June 14, 2013, 07:04:51 PM
So nice. Cant wait to see if a 5th rig will be available! I'm monitoring the hell out of this thread. Any ETA on when you think the 5th rig may be available?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: retrostar on June 14, 2013, 07:10:17 PM
So nice. Cant wait to see if a 5th rig will be available! I'm monitoring the hell out of this thread. Any ETA on when you think the 5th rig may be available?

+1

*stalking*

Interested in 5 shares  8)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: itxtutor on June 16, 2013, 05:33:59 AM
Good News guys, i got a email from Luis from bitcentury, and we are the first on the waiting list for 1 device !


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Dumbastronaut on June 16, 2013, 07:52:30 AM
Put me down for 5 shares!   :)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 16, 2013, 02:15:20 PM
Hey guys,

just to inform you once again, your buying interest is no reservation for any Share in this project, its just for us to see the demand.

As mentioned before only the investors of the former Batch 5 have a Share reservation in the amount of their previous investment.
If this amount of BTC is enough to pay the next Device we wont take any further share payments for the moment, and I expect it to be enough.

The selling of Shares will just start again if we have the final order of the next device in our hands.

Unfortunatly we have to raise the Share pricing as the BTC rate is very low and the Unit price will be higher, price per Share will be 1,25BTC.

Another limitation will be the amount of shares per person for the following devices of Batch 1. of metabank, every User is only allowed to take 5 Shares, please note that this is a group buy and the Investors which can effort a full device should buy these directly.

We reserve the right to sell the remaining shares to Users with have already stated their interest in this Thread instead of any other Users.

I think with this terms we keep everything fair for all of us.

regards
Foofighter


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: itxtutor on June 16, 2013, 03:34:44 PM
Hello, we will also implement a share trading fee of 2%. This fee of 2% will reward the amount of time we have, to correct the address ,payout the mining income and do administration. We think 2% is very low and can certainly cope with each.

Furthermore, at the share trade, its to note that there is a pre-buy right within the investor base of this project, this represents 24 hours after the sale announcement, only after this time outsiders can bid on a share.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: intron on June 23, 2013, 07:08:04 PM
Hey guys,

just some proof that the Bitfury chips exist

https://i.imgur.com/K30DoxD.jpg
https://i.imgur.com/Fi5cil4.jpg

https://bittiraha.fi/content/matka-alkaa

regards
Foofighter

That's not the chip, that's the test jig PCB and a solder stencil.

This is the chip:)

http://imgur.com/fD435C9

intron


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 23, 2013, 07:18:18 PM
Hehe, of course we knew that, there was also a Link to the Blog where pictures of the actual chips are^^

But thanks


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: intron on June 23, 2013, 08:02:17 PM
Hehe, of course we knew that, there was also a Link to the Blog where pictures of the actual chips are^^

But thanks


:) I was just bored a bit, hihi:)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: itxtutor on June 23, 2013, 08:34:25 PM
To make it official ,

Since the terms of use have changed slightly, we give every investor the opportunity to get out of the project , if he does not agree with the new conditions.
We now offer a cancellation / refund period for all investors, this applies only in the following period and under the following conditions:

During this withdrawal period of 1 week (until Sunday 30.06.2013 Time- 18h) everyone has the opportunity to return his shares to us for the issue price in BTC, that means 1 BTC / Share.

The payouts from the withdrawal will take up to 14 days !

Who does not take the right of withdrawal within this period, agrees to the new terms and conditions.

Changes in the conditions:

 
Code:
We reserve the right to increase the payout frequency from 1 to 2 weeks.



Code:
Trading of shares is now possible under the following conditions:

# A share trading fee of 2% will apply.
# Any trading of shares is handled by me, that means you can sell the shares, but the buyer pays the BTC directly to me, then I will subtract the 2% share trading fee, and forward the BTC to the share seller.
# any prebuy right will not apply anymore


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 23, 2013, 08:51:30 PM

the two weekly payout, that is then dividends for two weeks paid at once?

yes, that is true


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: jaywaka2713 on June 25, 2013, 02:20:44 AM
Any ETA on when the next rig is available?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 25, 2013, 09:18:42 AM
Any ETA on when the next rig is available?

ATM not, sorry.

Everybody is waiting for Bitfury to finalize his testing and his prototype board, I think also metabank.

From then on they will decide if the push out more units and Batches or not i think.(heard rumors)

regards


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 27, 2013, 05:34:18 PM
Hi guys,

some news from Bitcentury and metabank here!

regards
Foofighter

Hi guys,
It's been a few days since we've provided some updates. This is mostly because we've been busy dealing with some administrative work in the background. FYI, we have not yet received our alpha chips. It looks like the first ones went to individuals primarily involved in producing PCBs for Metabank and similar parties that were investors in Bitfury's chip manufacturing, so this is not a bad thing. There is apparently a larger set of chips already in Europe that will be shipped out to all the remaining selected testers such as our organization; however whilst we have no exact ETA we were told 2 weeks, about 1 week ago. So let's see what happens there. In the mean time, one of the Bitfury chips was sent to zeptobars.ru (http://zeptobars.ru), which is a site that apparently analyzes chips under high zoom optical microscopes.

Here's the relevant eyecandy:

QFN packaging - execellent for thermal performance and low inductance connection to leads:
http://s.zeptobars.ru/bitfury-case.jpg

Chip without the packaging - tiny! This plus low voltage operations, should make for some awesome USB hashers one day.
http://s.zeptobars.ru/bitfury-die.jpg

If we correctly understood some of the Russian postings, bitfury's chip will have over 700 cores (crazy). This is a good thing in the sense that for example, with BFL chips there's 16 cores (avalon I think has 1? Correct me if I'm wrong). If during the manufacturing process dust or other particles get in the die's surface, it could cause a core malfunction. This is why on some BFL chips, some people are saying that one BFL device performs slightly slower than another, because 1 or 2 cores may have been damaged. When you have 700+ cores, the hashing rate differential will be less noticeable. To be clear, this picture does not show identifiable cores.
http://s.zeptobars.ru/bitfury-top.jpg

Nano art on the chip. Apparently Bitfury had some spare time on his hands ;-) Surprised it wasn't a bitcoin symbol or the logo from his FPGA website: http://bitfury.org.
http://s.zeptobars.ru/bitfury-flower.jpg

Etching materialization
http://s.zeptobars.ru/bitfury-etch.jpg

Repetitive pattern of hash calculation blocks:
http://s.zeptobars.ru/bitfury-Si.jpg

55nm is at least 5 times smaller than what we can see in optical microscope, so not all details are visible
http://s.zeptobars.ru/bitfury-logic.jpg


Hi guys,
We recently spoke with  Metabank and here's some information we'd like to pass on:

Q1: When will the machines be ready for delivery?
A1: In Autumn, around October.

Q2: We heard of at least 1 individual on Bitcoin forum that was selling Metabank devices after you announced Batch 1 was closed, can you explain this? Do you have any more units you can sell us?
A2:The batch is closed, we have not sold more equipment since we announce the closure.

Q3: Will your product be a bare circuitboard or will it ship in a case like avalon and BFL have.
A3: Most likely it will be in a case

Q4: Do you know if it will be dual voltage power supply? (110/220V). How many watts will the unit draw at the wall?
A4: Sorry, I don't know answers to either of those questions. We are not at that stage yet.

Q5: Can you explain if the interface from the computer will be USB or Ethernet?
A5: It most likely won't be connected to the computer, just the power plug. It's independent from the computer .

Q6: Yes, but how'd the computer intercommunicate with it? What's the interface?
A6: There'll be software for that

Q7: So it'll require special software to run from the computer? Which mining software? cgminer? something else?
A7: Yes. I can't answer questions like this yet. If I make a mistake, I'll leave you misinformed.

Q8: What is your estimate for when there might be a Batch 2? When is Bitfury getting Batch 2 chips from factory?
A8: I can't tell the exact dates at this point. Around the release of the Batch 1, we'll have understanding when the Batch 2 will be pre-ordered.

As we get more details over time, we'll do our best to pass them along. Right now, i'd say they're in very early stages of designing the PCBs, so obviously not all the details are worked out yet. PCB design can take a couple of weeks to a couple of months, depending on complexity, access to all the necessary equipment, engineering skill level, design flaws/re-starts, etc. Likewise for the chip assembly process on the PCBs, although that part can be done in about 5-10 days, depending on volume and availability of all the tiny components (aside from the ASICs).
Cheers,
Luis


PS. I'm a little behind on waitlist requests, but will try to get to those in the next couple of days. Thanks for your patience.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on June 29, 2013, 05:17:57 PM
BITFURY chip hashing against 4 block erupter usbs!

https://i.imgur.com/CYF9qEI.gif
https://i.imgur.com/2P4JZDR.jpg


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on July 16, 2013, 09:12:29 AM
Update from bitcentur, metabank seems to have finished their own pcb design:

Hello everyone,

We called Metabank again today, and had a long list of questions but didn't have much luck with the person answering the phone as they couldn't answer the vast majority of them, but we did manage to get *some* useful information.

Q1: At which stage of development is the Metabank mining equipment? Has the PCB design been completed? Are you testing final PCB yet? What can you share?

A1: I believe the PCB design is finished and sent off to various (PCB) factories, but not sure if agreement with one of them is finalized.

NOTE: If we look at Bitfury's recent post https://bitcointalk.org/index.php?topic=254996.msg2717867#msg2717867, we see a brand new design for a Bitfury PCB. I have confirmation from a 3rd source that this is indeed MetaBank's PCB. I was told it is 8 layers. Below is a picture of it.  Given Metabank sold 120GH units, we can assume they will hopefully be targeting 2.5GH/chip as there are 48 chips on the board (2.5x48=120). We believe 2.5GH should be do-able so long as proper cooling is provided. Also, another guy in a forum post elsewhere here managed to achieve 3.4GH/s, but only with a huge heat sink connected to the chip.

Given each chip is 7mm x 7mm, if you slap a ruler to your computer monitor (as I did :D ), then you can see this image appears to be to scale. With this, we can easily measure the board dimensions being aprox: (23cm tall x 32.5 cm wide) or ( 9.1" x 12.8" )

https://i.imgur.com/JwLADgP.png


So, assuming the design is finished, and assuming there are no design flaws, and assuming the PCB manufacturing process as well as the assembly process proceeds without flaws, and they have already picked out their external box CNC milling etc, etc. Also typically, you first print & assemble a prototype board, then test it extensively, if all goes well, you give the order to mass produce. So it does seem indeed that an end of August delivery date *may* be possible under best case scenario; however, when there are complex boards involved, it is not uncommon to experience delays for one reason or another, so I don't want to get everyone's hopes up, but it does appear at least to be within the realm of possibility. When we asked them directly, this is what we got:


Q2: Can you give us any more precise date on when the boards will be ready for customers?

A2: It is still too early to say the exact date, as there are many steps left, so we can still only say Aug-Oct; however, maybe if you call towards end of this month we might have a better idea.


That's about all we got out of them, all our other questions they couldn't answer, but suggested we write them via email. We are going to do that in Russian (real Russian, not google's comedic transliterate). As soon as we get a reply, I will post answers - that said, we have written them a few times before, and maybe 1/3 times we get a response.  Questions are mostly of technical nature, so you guys can prepare and know what to expect. Here's some of the questions we had prepared:

1.Will there be a power supply capable of 110/220v?
2. Will there be an external case?
3. What is the targeted Watt power draw of the entire unit?
4. Can you guys start providing status updates on your website so everyone doesnt have to call you?
5. Will there be a box provided for the product that can be shipped internationally?
6. Will your device be CE, UL and RoHS certified?
7. Which software will come with your board? (i.e. cgminer?), if not, will it have an English interface?
8. Which communication method(s) will the board have:  Wifi, USB or Ethernet ?

Lastly, if you guys have any other specific questions you want to ask, maybe list them here, and we can try to ask them for the next time we call them / email them.

Cheers!
Luis


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: adamthefishman on July 19, 2013, 07:46:41 AM
Thanks for the updates.

Good to hear there is a lot of work being done.



Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on August 01, 2013, 07:55:21 AM
Update from bitcentury:

Hi guys,
We've had some further communications with Metabank, and below is what we can share. Note: any references to "we", means 'Metabank'

(paraphrased...)

Quote
- Metabank has received the chips as expected
- Metabank is ready to begin production process starting with prototypes. (This would in theory confirm they have finished their board design)
    - A close to final prototype is being tested this week
    - Assuming all goes well, very small batches of first gen boards will be produced soon there after (expect this to take 1-2 weeks).
    - We will do extensive testing on these and only after produce large quantities
    - While we are on schedule right now, our manufacturers are warning of possible delays
     (They have hinted at this before in their last forum post under the username "metabank.ru" re: shoutout needing help with access to electronic components: https://bitcointalk.org/index.php?action=profile;u=14120;sa=showPosts)
    - With this, we are currently targeting September for delivery date to customers.

Cheers,
Luis

looks like as the soonest delivery would be in september but they have also part sourcing problems like stated..


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on August 08, 2013, 03:41:28 PM
Metabank Update:
Hoвocти:
a) 5 плaт гoтoвo (пpoтpaвкa), pacпaяны кoмплeктyющиe, идeт oптимизaция coфтa, пoкa 2,9 гx c чипa.
б) пocлe пpoвepки плaт зa ceгoдня-выxoдныe линия дoпeчaтывaeт ocтaвшиecя тыcячи плaт, pacпaивaeтcя тo чтo пaяeтcя нe вpyчнyю (этo cл. нeдeля).
в) кopпyca нe кacтoмныe, из тoгo чтo ecть в нaличии y интeгpaтopoв.
г) дoлгo изoщpятьcя, чтoбы из 2,9 cдeлaть 3 нe нaмepeны - бyдeт oбъяcнeнo кaкиe пapaмeтpы кpyтить в coфтe для дocтижeния кaкoгo эффeктa (вoт этим cчac и зaняты, плюc пpoвepкa пpoбныx 5 плaт). Bce пoнимaют чтo лyчшe paньшe oтдaть 2,9, чeм нa 2 нeдeли пoзжe 3.

Translation
5 boards are hashing, software is being optimized, it's 2.9GH per chip now.
After testing of the boards, the rest thousands of boards will be printed until the next week. Components will be soldered the next week.
Cases are not custom and are selected from available ones.
They're not going to optimize them further from 2.9 to 3 GH/chip. Software tuning instructions will be provided. Everyone understands that 2.9GH now is better than 3GH in 2 weeks.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on August 14, 2013, 06:43:26 AM
First proto pics here`?

https://metabank.ru/asic

https://metabank.ru/images/asic/asic_board.jpg

https://metabank.ru/images/asic/asic_miner.jpg


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on August 21, 2013, 05:58:35 AM
looks like, its possible that shipping will start beginning to mid september.


 https://bitcointalk.org/index.php?topic=183368.msg2964113#msg2964113
 1. Cases will be made of plexiglass
 2. MetaBank will receive 1400 boards in 8 days.
 3  ATX PSU will be in the devices.
 4  Photos will be tomorrow.
 5  Devices will be testing  before shipment


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: b!z on August 21, 2013, 11:15:23 AM
How long do you expect it to be before cost of a share is recovered through mining?


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on August 28, 2013, 10:55:18 PM
pics are available



https://dl.dropboxusercontent.com/u/20909492/IMG_0068.JPG
https://dl.dropboxusercontent.com/u/20909492/IMG_0069.JPG

https://dl.dropboxusercontent.com/u/20909492/full_assembly.pdf
https://dl.dropboxusercontent.com/u/20909492/IMG_0073.JPG

https://dl.dropboxusercontent.com/u/20909492/IMG_0072.JPG

https://dl.dropboxusercontent.com/u/20909492/IMG_0070.JPG


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: iCEBREAKER on September 01, 2013, 04:21:51 AM
She's a beauty!  So clean and futuristic.   Wish I had more shares.    8)

*drool*


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> Last 40 Shares available soon
Post by: Foofighter on September 02, 2013, 10:28:57 AM
I think its possible that we get our devices by mid/end of this month :)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Foofighter on September 13, 2013, 08:28:02 PM
Hey guys,

latest news are:
Bitcentury will get the devices until 20 of September but the have to assamble themselves(no soldering just sticking together.)
If we are lucky they could ship units in last week of September.

cheers
Foofighter


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Foofighter on September 19, 2013, 05:11:01 PM
News:

Bitcentury has got our devices and they will start shipping tomorrow or beginning of next week :)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Aggrophobia on September 22, 2013, 11:46:09 AM
I'm selling my 3 Shares for 2,5BTC (incl. Fee)----- SOLD


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Ashitank on September 22, 2013, 12:02:20 PM
I'm selling my 3 Shares for 2,5BTC (incl. Fee)

I am Interested in buying your 3 shares for 2.5 btc , How can we proceed.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Foofighter on September 22, 2013, 12:21:42 PM
too late, sold


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Ashitank on September 24, 2013, 04:58:49 AM
Foofighter , German counter part of this thread says this Group buy is no go & we are to get complete refund , can we have a status check update please , I hope we all the investors were not fooled to provide for funding purchase of 4 bitfury rigs & then be dumped , as this is what it seems to me.  ???


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Foofighter on September 24, 2013, 06:19:05 AM
just red this, in Bitcentury thread:

Hi guys,

The last couple of days have been exhausting. I will post details as soon as I have time in the next couple of days, but long story short we have some bad news in the sense that we are not going to be able to ship any of our customer's units. The good news is that you will get a full refund from us.  This morning we got a call from DHL regarding the first 4 units we shipped a few days ago which got stopped by export customs due to lack of an "FSB" (Federal Security Bureau... aka. the new KGB) notification ID# (I will explain what this means when I get a chance).  Today we picked up the units from DHL, and headed straight to Metabank along with all the other units that we spent days testing and packaging carefully. Metabank has already issued us a full refund late this evening, and we'll do likewise with all our customer in order of who paid first as soon as we're able, but likely after I head back to Canada which will be this week . Refunds will be performed in bitcoins and for the amount you paid us. We still need to sort out some internal details but generally speaking, that's the plan.

Our sincere apologies this did not work out as intended.
I will write more details soon, but I just wanted everyone to be notified immediately of the situation.
Kind Regards,
Luis


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Ashitank on September 24, 2013, 03:08:50 PM
Foofighter , how soon we can get refund please.


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Foofighter on September 24, 2013, 04:28:10 PM
I dont have this information right now, if I got time I will right something up here


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: bbxx on September 24, 2013, 04:32:21 PM
just red this, in Bitcentury thread:

Hi guys,

The last couple of days have been exhausting. I will post details as soon as I have time in the next couple of days, but long story short we have some bad news in the sense that we are not going to be able to ship any of our customer's units. The good news is that you will get a full refund from us.  This morning we got a call from DHL regarding the first 4 units we shipped a few days ago which got stopped by export customs due to lack of an "FSB" (Federal Security Bureau... aka. the new KGB) notification ID# (I will explain what this means when I get a chance).  Today we picked up the units from DHL, and headed straight to Metabank along with all the other units that we spent days testing and packaging carefully. Metabank has already issued us a full refund late this evening, and we'll do likewise with all our customer in order of who paid first as soon as we're able, but likely after I head back to Canada which will be this week . Refunds will be performed in bitcoins and for the amount you paid us. We still need to sort out some internal details but generally speaking, that's the plan.

Our sincere apologies this did not work out as intended.
I will write more details soon, but I just wanted everyone to be notified immediately of the situation.
Kind Regards,
Luis

technology export forbidden ? :)
nice capacitors, this equipment will be hashing next decades :)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: minerpumpkin on September 25, 2013, 08:46:23 PM
Wait what? This comes unexpected... Can't the machines be hosted over there? Can't someone transfer them in person?!?
If there's a full refund... hell, Okay... But... wow!


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Foofighter on September 25, 2013, 09:13:00 PM
no further info so far from bitcentury, we have to wait now for the full statement


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: itxtutor on September 26, 2013, 04:55:30 PM
Hallo,

As most of you already know, the project will be refunded. Currently, we are still waiting for the refund of Bitcentury.
It will be a 100% Refunded except of 4 BTC due to exchange fluctuations of the cash payout for the customs money.
We will come together over the weekend to perform the refunds, please be patient because we need to verify the adresses and this takes some time.
Please check your payout address, because the refund will be sent to the payout adress. If the address is not correct, please PM us with the correct address.
 


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Foofighter on September 29, 2013, 01:18:55 PM
Hey guys,

Refund is done:
https://blockchain.info/de/tx/052e4a5eb67ac27b892f88d394090456b6cda906bd4ea9b572d766ce9c7bfd25
https://blockchain.info/de/tx/f8cf56403be2dae1e8df23ea110240bd9aa48942658ed40cf19aba55009c31f9

Thanks for your great support, we are very sorry of this unfortunate circumstances :(

As guessed before ~97% of you Initial investment in BTC have been refunded now, Iam very sorry for you loss guys.

Please also take into account that we also lost a lot of time in organising things and other stuff around this, and we havent charged 1 Satoshi because we think this wouldnt be fair.
If you want to send us a tip feel free to use the stated adress below:
Quote
197VXbHicetDX3uvKEEsqAQ6e416wUZLHT

I hope you all find a better investment for the future.

If you want to support me, please be so kind to fill a positive Trustrating for me here:
https://bitcointalk.org/index.php?action=trust;u=94005

Thanks guys
Foofighter


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken
Post by: Ashitank on September 29, 2013, 07:29:22 PM
Thank you for arranging GB, may be will have success next time , Thank you for refund as well , Take care Foofighter :)


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken [closed]
Post by: adamthefishman on September 30, 2013, 05:32:01 AM
Thanks guys.

It is great to be dealing with honest and reputable people.

Thanks for the quick refunds.

I will add trust, and deal with you on future projects should they come along.

Adam


Title: Re: Community Mining - Bitfury Asic Miner 120GH/s --> All Shares taken [closed]
Post by: Akka on October 01, 2013, 08:27:38 AM
As this Project and all other Projects from Foofighter are closed without him scamming anyone I will permanently delete all Data I have from him within 1 Month of this Post.

If there are still any open claim against him and his Identity may still be needed, please let me know within this Time.