Bitcoin Forum

Round 7 Payment Details (Similar to R5/R6 sans PayPal, for the most part)

You can also state your soft reservations below if you need some time to get Bitcoin together. Soft reservations usually have a 48 hour window of payment but I won't be strict about that on this GB, as this isn't a Flash Sale.


========================================================================

BTC Payments will be directed to thomas_s for R7 but I will have co-admin to this wallet for auditing or for payments if we're in a rush. We've worked together on 4 different Group Buys with great success including 2 of the fastest GB sellouts in the forum's history for Industrial class Rigs.

After your payment, please follow up with a PM to Thomas:

Subject: DZ HF GB R7, x shares, x BTC
Details: Please include Tx ID and your wallet address for payout

thomas_s - Co-GBC during R3-R6. R2 member. Primary GBC for Rounds 5-7. Send BTC payments and questions for R7 to thomas_s . Set up Online Auto Reservations for the co-op! Thank you! PM CC -Redacted- and thomas_s please.

DZ - Need escrowed Group Buy shares? For a 2% extra fee you get 3rd party fund holding, dispute resolution, and $500 insurance per transaction at BTCrow. [DISCLAIMER: I, DyslexicZombei, am an approved Escrow Affiliate at BTCrow.] Please PM Carbon Copy thomas_s please prior to escrow payment.

Thomas is handling questions and collecting payments for R7 via our site (unless you require Escrow, in which case you can PM me). He set up the automated reservation site and the GB with my input. Great work Thomas, and it's definitely an improvement over me trying to keep up w/ an avalanche of PMs and payments.  :P

I will still handle:

- Ordering
- Shipping details
- (Optional) Escrowed GB shares for those that insist on Escrow Protection from a 3rd party for: holding BTC funds, post-sales dispute resolution, $500 insurance per transaction at 2% extra cost to share price. Semi-automated Escrow is done thru BTCrow.
- Remote miner setup
- Remote troubleshooting/
- Incremental overclocking
- Payouts or assist in payouts
- Auditing hashrate vis-a-vis payouts
- Dispute resolution and arbitration, if necessary. [Should be rare as we're all adults that don't need to yell. :P]

Refunds: If we can't raise the funds to buy this Bitmine Rig, you will be refunded or offered shares in Rounds 1-6 which can be found on this GB Forum under my user name. There's no restock fee during this fundraising period.

Ah, who am I kidding, we're buying this already reserved Bitmine Rig whether it gets sold out completely or not.  :D

And R7.  It was hard enough collecting all of the first 6 that I'm not going to let a fresh new R7 get away from me....

Round 7 Miner status: Down payment already sent, entered official Bitmine Reservation Queue last night (10/8).

PAID

2, thomas_s
3, -Redacted-
1, DZ

Thanks -R-. Fixed, just like my 2 cats.

I'll add a few shares to that, as long as *I* don't have to do the spreadsheets for it....

2 at least, when is the delivery date?

is it at redacted home already?

Here's a screencap of the order: http://i286.photobucket.com/albums/ll87/SurfSkateKauai/DZMinersCooperative-Bitmine800GHs-Round7.png

BM was updated as to what's going on with our payment. You'll be able to check the wallet address to see our 6 shares paid for the down payment.

Nice! I have you down for 2 soft reservations. Welcome back! Delivery is expected late December/early January.

Edit: 1 of the 2 DZ MC Jupiters are at -R-'s for testing, but should be heading to Missouri soon. Hashrate is being split to R5/R6 for both machines.

92 shares available.

No.  I don't have anything to do with this one. Not my hardware....   I'm having a hard enough time keeping track of the last 2.5 group buys....

EDIT:
One Jupiter hashing, the other on the way.  It will be here either Friday or Tuesday (Monday is a holiday)...

This was Thomas's idea, so he gets to be spreadsheet master for R7. Moohahah.

Im in for 2 shares, Thomas will have to pm me to remind me because im running around with my head cut off... DZ did you get my email?

I am in for 3 shares or 3x 70 = 210.  Not the strongest commitment as I am having a bit of a problem with coins and fixing this other group buy.


https://bitcointalk.org/index.php?topic=238336.0;all

 I have 7.5 btc invested in this buy and it has an issue that if resolved I will buy 3  shares here.  If this buy ends up as a total loss (hope not) I can't buy the 3 shares here.

Product added to site enjoy.

Roger that. I have you down for 3 reservations and 2 for bobsag3. Don't forget that I owe you $525 in a few days for the R1 UPS/Batts. If you'd like, we can subtract the three R7 shares from what I owe you & I sign the Tx w/ your ownership & send in a 3 share payment to the R7 wallet on your behalf that Thomas is in charge of. I would owe you 3 R7 shares and $315, if you wanted to go this route for my payment to you.

Also, please keep an eye out for a letter from me & the missus via ebay for your 4 PayPal shares in R6. It should arrive Friday/Saturday if anyone will be home to sign for it. I'll send your payment to -R- once it clears.


87 shares available.

  eyes peeled for the paypal shipment.  on that 525.   43 goes to  hash  boost on buy 1. IIRC so it is only 482 owed to me.

Ok, would you like me to pay for your three R7 shares and subtract this from the $482 as well? The $525 I owe you would be paid as: 1 R1B share ($43), 3 R7 shares ($70/ea), and $272.

You guys went for Bitmine instead of Cointerra for the 1month lead time right?

My 2 shares have been purchased thru the site!

And I bought a couple of shares via the website, too...

Thanks bobsag3! I had -R- down for 3, since he paid for 2 more, he moves up to 5 for R7.

85 shares available.


==

PAID

2, thomas_s
5, -Redacted-
1, DZ
2, bobsag3

RESERVED

2, thyatis
3, philipma1957 (may be paid by DZ)

15 shares PAID or RESERVED.

 ;D I hear ya. Still not sure what happened with Round four when I lost my boxed set in my own co-op thanks to oversales at the end.  :P

BTW: Also we did pick Bitmine because it's supposed to ship a month earlier.

Can we pay via PayPal?

Hi ishkur,

I'd rather we don't because the only way it makes financial sense is if it's sent as a gift. Too many gifts may get my wife's ebay-linked account flagged. Another thing is it takes 3-4 business days to transfer to checking so I can buy BTC at Coinbase at a 1% fee. Your alternative is BTCQuick at 7.5% fees.

I already promised 1 other person a PP payment to get this GB going. I'll take one more PP, which can be yours if getting BTC is too difficult. But that's my limit for this R7 GB, which is 2 PP payments sent as a gift so I don't have to deal w/ fees, illegal chargebacks, and fraud.

The only way I'd take more than 2 PP gifts for this R7, is if the buyers agrees to an additional 3% Paypal fee (it's normally 2.9% + 30 cents so just rounding up) over the $70 share price, so they'd be $72.10 instead.

Of course, that opens up another can of worms with chargebacks which is another reason why merchants love BTC...

I'd like to reserve a share, if I may!  I've got the coins floating around now, I just need to move them around.  Should I pay via the website?  What would you guys prefer?

Just ordered 1 share via the web site. Thanks very much!


-- Phil

Use the website :)

In process now!

Bought 4 shares through the site and paid in BTC. Thanks! lets hope I get more than 2.25 BTC in return  :P

Do you guys actually think R7 will be profitable if we don't get hardware till January?

Is there any reason the difficulty won't be sky high by then?

ROI will not be made unless the price of bitcoin rises

Do I need to PM you my details if I paid through the site? I paid in BTC and you should have my address already from the web form I filled out.

Hey slayernine, I think it's a given that it's going to be high. I think it's also a given that mfgs will continue to struggle to put our hardware. The reason being: it's damn hard and expensive to develop and produce ASIC wafers.

bobsag3 & I were up late on skype last night talking about how KnC's rollout was only a semi-success (pissed premium host customers that weren't first & some paid $4k a jupiter per yr to host, and many people still waiting on day 1 orders).

Bitmine's customer protection plan is that for every 10 days late they are, you get 10% extra hashrate. After 60 days lateness, they will give a full refund. We've pretty much decided too: that since we'll have an extra cold A/C cabinet we're overclocking the stuffings on these rigs (safely of course).

I'm not sure how awful it'll be if it comes to a full mass refund but in my dealings with Giorgio I've found him to be reasonable like an adult, instead of acting like a child like we've seen from 2 companies that were early entrants,

70 shares available

==

Also, re: Overclocking; these Rigs have a Turbo mode. We'll see about doing a Super.Turbo mode depending on the temp, fan speeds, and HW error rates we're seeing. We're going to have much more focused A/C cooling than the avg. home (or even server room) based Server or PC will ever see.

If they're late, this rig can take the extra module(s) without having to buy new hardware, which was another draw, when we were considering R7 options. We may purposely leave room in the rig for this purpose.

69, actually. ;-)

I appreciate you guys putting this together, and am happy to lend a hand however I can!

Cool, NP! Thanks for the update. It's actually less because 5 were soft reserved on this thread by thyatis and philipma1957.

64 shares available.

Order #219 made on October 10, 2013. Order status: on-hold.

3 shares for me :)

btc sent...  ;)

Make that 61!

Put me down for 3 shares.  Just waiting for BTC to transfer and then I'll pay via the website.

Roger that. Welcome back slayernine!

My unofficial count is 54 shares available.

62 shares are currently listed on our Co-op site, 8 are in soft reserve on this thread.

56 shares remaining on our site, 8 shares in soft reserve.

Ergo: 48 shares available.

I need to opt out as my other knc buy looks to be troubled. so the 525 will use only 43 for the r1 boost.

My group buys just have not panned out.  sorry.   but very grateful that r5 and r6 from dz and co look good.

maybe someone will deliver and i can get back in on this r7. but not for now.

No worries. I understand & I'm sorry to hear your GBs haven't been going well. I'm sure I'll see you again.  :)

So 1 R1B share @ $43 + $482 for the UPS/Batteries.

BTW, hope you don't mind: after talking it over with firsttimeuser, while he could still use spare PSUs, I may ship that overkill UPS I'm buying from you to Missouri to help service R2-R6 Jupiters, Baby Jets, and Sierras to Missouri and buy a smaller UPS/battery backup for R1 which is only about 350-400W.

Would it be ok if I send you a label to print later this week after I pay you?

 It would help the co-op out much better this way IMO. I think that's a much better investment of my resources into the co-op. What do you think?

==

56 shares remaining on our site, 5 shares in soft reserve.

Reserved
2, thyatis
3, slayernine

51 shares available.

Hi redtime,

Welcome aboard! Cheers!

You didnt tell people about my offer did you? I swear ill write my PMs in caps from now on.

Hey ! I can't miss R7!!! I think we have the best team and GB ;)

2 shares for me
I might go with 5 but for now 2 is good
I am transferring btc to my account tomorrow

makes sense

R8 - Cointerra?  ;D

Who knows? I just flow with the go.  :)

For instance: if someone came to me to become vetted as a GBC, and happened to suggest that...oh...they have (or will soon have) funds to buy half of an $11K MPP Sierra...then you might have the fastest Rig GB buyout of that size, in this forum's short history.  ;)  :)

Sounds like sci-fi if you were to read that last sentence in 2008, but it actually happened and the co-op has become much, much stronger and diverse with thousands of dollars worth of expert pro bono work and funds donated by myself and 5 others to make this at-cost co-op operate well and thrive.

I can't tell you what a pleasure it is to be dealing with other responsible adults. I love that the Co-op's leaders know what to do without needed to have their hands held thru the whole process. No man or woman is an island and this GB Coordinator is humbled and proud of this lil co-op that could.

You guys make me laugh, I've made friends who I'm positive I'll be friends for years, and it's an honor to co-lead this merry band of glass half full optimists.
===


BTW, I won't go into details, but some heavy RL stuff happened near -R- so please go easy on him for requests & such, if you can for a bit. He's fine & I won't hurt our friendship by revealing what happened but I'd appreciate it if you guys can give him some time/space.

If you have some urgent matters related to R5/R6, please contact Thomas or myself first.

Thank you.

Hahaha I see what you did there, also I still win so far on fastest GB.

OK, put me down for 10 shares.

Still angry that I missed R5/R6 due to travel and being ill...

Hey mrmo, welcome back!

I'll soft reserve shares for you & Tiennou who's also rejoining us. Hope travel was fun and sorry to hear about the illness.

These 12 shares don't appear to be in my unofficial count so:

39 shares available.

It would be nice to know when these reserves will be paid as it will speed things up.

Please PM Thomas if you have a payment update. Thanks.

43 shares remaining on our site, 17 shares in soft reserve.

Reserved
2, thyatis
3, slayernine
2, Tiennou74
10, mrm0

26 shares available.

Hey, who said I was talking about you?  :D

Besides, you & I hold the record because you "cheated" & had half of the shares already pre-reserved when we just happened to find out about the ASIC Industry's first ever Flash Sale.  ;)  ;D

So.. I think Im going to purchase the rest of the shares- I want to get this ordered today! Im perfectly wiling to part with however many are left (26?), just dont want to wait around to finish the last 25% :P

Alright, let's just pause this one for now. Thanks Bob!

Once we get the base order paid, we'll roll over any oversales to Round 8, which will be another 100 shares for another 800GH/s.

In other words, R7 if finished but you can still order on our site & we'll move these oversale shares to R8 shortly (once R7 is paid).

===

R7 is closed until further notice. Additional shares may become available if soft reservations aren't paid; the first paid R8 shares would move up to R7.

Mahalo everyone!

Great news! When do you expect to order this bad boy?

Thomas will need to answer that as Primary GBC and master spreadsheet keeper for R7. I'm thankful that he takes his work seriously & that he's relentless and patient about getting things right.

We have 17 shares in soft reserve that I haven't heard anything about, as far as payment.

bobsag3 was mentioning payment for 20 shares so that's a big chunk right there. We'll re-open R7 if we don't hear back from people as to what's going on within 72 hours.

I'm guessing this is the question I am supposed to answer as DZ didn't quote anything =)

Technically we have the order placed and some payment for it sent, the remainder will be sent as soon as the receiving wallet receives the funds if I'm not mistaken we get entered into the production Q at the time of full payment being received (meaning the faster the shares are paid for the faster we get placed in Q).

Yes, this is correct.

There's 2 Qs at Bitmine: a reservation Q, and a production Q. We're currently on the reservation Q. Any new reservations will come after us.

We move to the production Q once we're all paid up.

Just to let you know I sent the money for 2 shares via coinbase to 16wn2bKyrTNqA8DfWJxwQ7fyoipAtpTnQb

I see your order but the site is saying it isn't fully paid

1.11084924

Is what the site is looking for at the address.

I sent 170 usd at coinbase price
Should I complete the order ? if yes, how?

The site will automatically accept the order when the address gets the payment to complete the order you just need to send

0.012149BTC to 16wn2bKyrTNqA8DfWJxwQ7fyoipAtpTnQb

Thank you, Etienne!

I''m currently seeing 21 shares available on our site, and 15 shares in soft reservations on this thread.

Please get those BTC payments in to Thomas as soon as you can so we can enter the production Q. Mahalo.

After talking things over with Thomas and comparing notes, we're reopening this Round 7.

30 shares available!

TL;DR: $70 = 8-12GH/s, includes an estimated 20 minutes UPS/Battery backup + the world's lowest hosting fees during this limited time introductory period: 2.75% hosting/management fees + incremental overclocking with careful monitoring of hardware temps and error rates.

35 shares in soft reserve (including 20 with bobsag3).

BTW, the deadline for free shipping (which saves us at least $2+ per share) is Monday, 10/14.

So we really need to get reservation payments in this weekend if we're going to benefit from free shipping.

We're also live on ebay for 10 shares: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=131018101196

Can someone please test this link for me?

Depending on when payments clear and soft reservations are paid (or not), these eBay shares may be shifted to Round 8 hosted on the same Rig as at-cost add-on modules.

Ebay link working for me
Hopefully we can get free shipping.

Thanks Etienne!

I hope so too. Since it's my job to think ahead and to think of contingency plans: There is a plan B we can attempt as a "Hail Mary Pass" (American Football reference) but I'd rather not go that route or go into details quite yet. It would salvage securing free shipping if we go with this plan B.

Just bought two through the ebay link.  PM to follow.

/Frank

2 shares purchased via website

from: 12FJhRBkD7ir3NwQ47K4UfhJLAxG3gsvYH

to: 1CWtopf8y4Ws5yuCU3GwUvU8PVfjBcrQ2p

amount: 1.10529196 BTC

tx: 91aa701051ad17d973c370a6d26c4e8bc230407eaba464d788078ff7279a5ada

please payout to: 19HT1kEf83eFZk3e8iRp3eUGjmqPkkjYjY


thanks ...

gb

I am a bit confused. This offering is priced in $USD, and yet it's supposed
to be paid for in Bitcoin? What's the expected exchange rate, or do I get
to choose my own rate?  :)

I am not surprised that it's priced in $$$, since virtually all the "inputs"
(i.e. the miner, shipping, etc) have a $$$ price attached and not a Bitcoin
price.

Since I am a complete on Noob on actually completing a transaction with
Bitcoin, will I get a TX-id if I send the Bitcoins from my newly opened
Coinbase account?

Thanks for your patience.

The site calculates the exchange rate it uses an average rate so if there is a slight spike (that happens in 10-15minutes) or a low point that doesn't last for long it doesn't affect the price.

I've always used electrum to send transactions so not sure how you can get your txid from coinbase I believe you can but its better if you send the coins from an address you control.

Just paid for 4 shares via the website, order #231
Tx ID: e99257fe0dd420abd2eceffe45ff623caf1bfe92792aa56d4a0e5af5533f5c2d
Payout address: 1Gjj2Fm9C7k3gA2FY7pCacqyw4davrg73r

Thanks again guys!  So far I'm in for 6xR4, 4xR6, and 4xR7.  Should be an interesting few months ahead :)

Paid my 10 shares a while ago.

TX ID 9c6d8ba80066b0338bcf2503958f7b4391590f3df87871592864d7c97be6d642-000


So what is planned for R8?  ;D ;D

I think since the Bitmine is somewhat modular, it would be add on modules for the existing rig.  Or cointerra...in which case I hope I have btc available to throw at that too.

Hey, we're sold out!

I love waking up to sold out Group Buys in the Co-op.  ;D

Mahalo everyone!

==

Hey Thomas: Let's open up Round 8 and see how much more funds show up before our payment tonight. I'll start a separate thread in a bit if you can update our site.

Deal?  ;D

Hmmm...

Sierra in November ($8/GH/s), TerraMiner IV in December ($7/GH/s) or TerraMiner in January ($3/GH/s)? That is a gambling question, given recent difficulty increases.


On (un)related note. Would any of fellow Co-Op members be willing to sell a share (or a fraction of) in R4 and R5/R6?
It is a collectors' thing :-)


I saw it coming... :D

Your welcome to my shares (if I have any lol)

Thanks, Man.
Sending a PM. :)

Oh no! Are you doing a DZ MC Boxed Set too?  :D

J/K: thank you for the compliment! An internet toast, my man. (We really need a beer toast emoticon here)
For myself, I oversold on R4 and somehow ended up losing my own Boxed Set in my own co-op the oversales.

==

BTW: payment is being sent in today for whatever is in the R7 wallet. If we don't have the full amount, we'll hopefully have enough for at least 500GH/s to secure Free Shipping before the promo ends tonight in about 8.5 hours. Thomas or I will follow up with a PM and email to adjust our order to secure the Free Shipping.

Saving money with free shipping saves us about $2.20 per share.

On the same note, any shares that were reserved are now up for sale if you had a reservation and have yet to pay do so now as they are available to anybody. First come first served.

Ok, you're leading our merry bunch for this Round.

You heard the man.  :)

28 shares available.

Payment *will* be sent tonight to secure Free Shipping.

If/when people show up, they'll be shifted to R8 which is going to be shipped at the same time and exists on the same chassis anyway.

How will this hash rate compare to Round 6?

/Frank

Hey Frank,

HashRate per share is rated at 1/100th of 800GH/s for this Round 7/8 vs. 500-550GH/s for the R5/R6 KnC Jupiter. DZ MC Jupiter below-cost shares went for $78 for 4-6GH/s albeit at an earlier delivery date.

However, the Bitmine Rig has a native turbo mode (speed unknown), and we'll seek to go even fast then this, if we can push the limits safely without risking our hardware. Thanks to the work of 4 co-op GBCs teaming up (and with the help of a college full of engineers helping bobsag3 out next door), the DZ MC is having a specially built A/C cooled cabinet within an already cooled facility, so that we can push hashrate & improve our chances of finding blocks.

==

With that said: 10 shares available.

1 more hour before payment. I thought the deadline for free shipping was last night but its in about 90 minutes.

==

Semi-OT: but I've vetted a 9th GB Coordinator and/or ASIC miner host! This is the first GBC I've vetted from Asia.

He's already an active GBC with a successful track record, but he contacted me for my free vetting services. If he so chooses, he's now also free to team up with our co-op's 5 GBCs (so far) to pre-reserve chunks of future ASIC miners to help bring low costs and the best values to Group Buyers.

Update: Bitmine told me/us to wait for full payment of the full 800GH/s instead of sending in BTC piecemeal, or trying to do a 2nd new 500GH/s rig w/ the original R7 6-7% down payment applied as upgrade module(s).

Essentially: we need to reach ~53.xx BTC before we can fully pay for the 800GH/s module and officially move from the reservation Q to the production Q.

We actually targeted 56 BTC (or about $7K at the time of GB setup) as the goal for this GB so that we can buy UPS/Battery protection of about 20 minutes.

At the moment, we appear to have 46 BTC on hand or already paid to the R7 BM wallet (~3.3 BTC) or to one of my two go-to co-op wallets: Thomas S. funds for 9-12 R7 shares in one co-op wallet, the bulk of the R7 funds are in this co-op wallet: https://blockchain.info/address/1C5R7t1XdVPxUBFUnBWJnRPx7ZMZBgnv7L

This wallet address has been used for well over 200 BTC of transactions without incident, mostly for DZ MC functions.

Under no circumstances send BTC to that address for your payments, that is just where it is being stored prior to sending to bitmine

It appears that we had some double orders:

34 shares available.

I'm going to go out on a limb and say that the supermen running the hardware will squeeze at least 1 TH/s out of this baby.  So, if BTC hangs in at around 130USD, this round should pay back the investment in ~35 days, which includes fee deductions.  (Say, +10% or -20%/fud dispersant = 30-40 days.)  YMMV

If power and cooling costs don't eat our lunch this should be a paying proposition for at least another year. 
 
Sweet.  I should get a couple more of these shares.

/Frank

I would like to buy one, but need to Paypal it.  I just don't have the coin yet to pay that way.  Anyone I can pay?  Order: #237

If you pm -Redacted- he might be able to take care of you.

Willdo!  Thanks!

I just added 3 shares (total 4) on the site. FYI. Thanks again for putting together a great cooperative.

Phil

Here is my payout address for R8, i think it was missing.
1KnNYh2MAkG4AhYmyXeAnLf9e2veHrXKiW

Thanks!

We did get in contact - but something came up and he isn't going to be able to reserve a share at this time.

-R-

I'm sure we'll see you again unknown.usr. Thanks again for all the software support and troubleshooting. Cheers!


27 shares available.

Are the 27 shares available for R7 or R8? I though R7 was a done deal, this group buy is getting confusing.

We thought it was, but there was a spreadsheet mix up. How ever many open DZ or Thomas says is usually the most up to date numbers

When an order is placed it reduces the stock, if its not paid for it has to be manually added back in, also people reserving then backing out / not paying.

I have one in that I didn't pay for yet, due to a stupid *&^$%&* tire.  :)


Maybe after a little coin is dumped in my wallet, I can actually pay for that puppy.

Latest update from Bitmine:

"2) The nominal hashing power is 25 GH/s and not 20 GH/s as initially announced, this is due to some last minute optimizations that have been made with the design, a free 25% increase!"

Therefore, I'm upping the hashrate estimate 25%, per Bitmine: https://bitmine.ch/?p=2226

TL; DR: $70 share = 8-12GH/s 10-15GH/s

27 shares available.

20 to me.

Hi trinsic,

Excellent! Thank you and welcome aboard!

The natives sometimes get restless but just give 'em a virtual smack if they get too frisky, because they're supposed to act like adults even if we do joke around a lot.  ;D

==

I haven't seen the latest spreadsheet but it appears that we should have enough funds to order this Bitmine miner tonight!

Woohoo! Congrats everyone! This thread was like a zombei that wouldn't die. It just kept coming back and coming back.

New goodies ordered for hosting!
http://www.amazon.com/gp/product/B004P8K39G/ref=ox_sc_act_title_1?ie=UTF8&psc=1&smid=ATVPDKIKX0DER
http://www.amazon.com/gp/product/B000FBK3QK/ref=ox_sc_act_title_2?ie=UTF8&psc=1&smid=ATVPDKIKX0DER
http://www.amazon.com/gp/product/B004054GN8/ref=ox_sc_act_title_3?ie=UTF8&psc=1&smid=ATVPDKIKX0DER

+ Big server grade UPS.

http://imgur.com/gUBBTLH

Those are paid by the combined DZ MC co-op funds for Rounds 2-7.

There's also a beast $1.1K UPS/Battery bank combo that I bought from philipma1957 that's headed to Missouri in a bit.

==

We're PAID on this R7 order! Congrats everyone! We're finally in the Bitmine Production Queue.

http://i286.photobucket.com/albums/ll87/SurfSkateKauai/DZMCR7BMre-payment.png
https://blockchain.info/tx/16a960c532958adee8a81403f5a133bce9cea27d2e34bd076d9093f530d7fd13


==

After final accounting we may actually be short a few shares (we may have said that once or twice in this Round) but we had enough to buy the miner!

We're either going to offer a few more shares (not necessarily right now) or just split the hashrate among ~93 95 shares instead of 100.

EDIT: Including OldGeek's 2 PP shares, which will take a while for funds to clear, but I'm listing him as PAID for R7 for 2 shares.

Awesome work! Thanks guys  ;)

Lots of good news.  Thanks all around.

/Frank

Thanks so much for everyone's effort here, I look forward to working with you guys!

Great News!

If this round opens up again I'm going to shoot it....

Me too!  I can be in again.

Thanks for that.  Still waiting for the confirmation.

/Frank

Hi Frank,

As far as I'm concerned: You're all paid up. It's just going to take a while to add your Paypal funds to the BTC wallet as it takes 1-2 weeks for us to get funds from eBay shares, which means those funds have to be floated if we include them in the Round's purchases.

I actually got your letter w/ eBay GB details out today. Couldn't get to it yesterday & Post Office was closed on Monday.

No worries though, there's no concerns about you not paying; it's just going to take a while for your funds to show up, which is why we're sometimes hesitant to use PP for Group Buys (that and eBay/PayPal doesn't like it when we get around their proctology exams (AKA as their exorbitant fees)) because it can slow down things for the co-op when we're buying hardware.

Since your shares will be part of the included small UPS fund, and the hardware is already purchased, this isn't a concern at the moment.

Great news!

After the dust settled, we only sold 91 shares *but* thanks to BTC rising in value this last week, we had enough funds for purchasing the Bitmine Rig & still having leftover funds for the usual 20 minute UPS protection that are included with DZ MC miners.

Therefore: 9% extra hashrate will be evenly split among the 91 PAID shares in R7!

No need to do anything different: instead our payout calculations will have a divisor of 91 instead of 100, to automatically adjust your R7 shares for the 9% extra HashRate!

==

Also: Bitmine specs are 25GH/s per Bitmine ASIC chip in normal mode, up to *40* GH/s per ASIC in Turbo mode!

Therefore: this 800GH/s rig we bought can do 1280 GH/s in Turbo mode! You'll also get 9% extra hashrate automatically added on top of that!


Keep in mind: since we'll have more focused A/C cooling then your usual server room, if the Rig can handle it without letting out the magic smoke, then we're going to incrementally overclock even further while carefully monitoring temps/performance/error rates.

Hey I saw R8, why is it 10$ cheaper? Thanks

From what I've heard its cheaper because bitmine announced a halloween sale to DZ in a skype call last night so the price is lower on the module if we order it during the sale.

It's true. I was talking to Giorgio on Skype like I updated in the R8 OP after I paid off R7, and might've been the first person outside Bitmine with this info: https://bitcointalk.org/index.php?topic=291141.msg3354576#msg3354576

Giorgio's confirmation of the sale: https://bitcointalk.org/index.php?topic=291141.msg3355225#msg3355225

On behalf of this co-op, if I'm not doing GB work, I'm doing due diligence on manufacturers and checking out potential future deals for the co-op. It's how I sometimes uncover gems or special deals thanks to the impressive combined buying power of our co-op's members and leaders.

I mentioned that I already saved the co-op 12% off the R7 BTC price by taking advantage of the higher exchange rate compared to when we did our down payments on Friday. I passed on these saving by capping the GB at 91 shares instead of 100, with the extra 9% hashrate to be split amongst us during miner payouts. This extra hashrate could work out to be a free additional 1 to 1.5 Gigahash extra per share that R8 won't have.

I already cancelled 1 order and I don't want to cancel again after I may or may not have helped talk Giorgio into giving a discount for everyone. They're a small company and I'm trying to build a positive, longer term relationship with the manufacturers that I deal with on our behalf.

==

Wow, even Black Arrow stopped by in R9. We're getting notice from manufacturers who find the double and triple USD at-cost price points we can offer to be attractive compared to the usual 4 digit prices.

Spreadsheet uploaded

http://www.dzminercoop.com/?page_id=165


Please check and open a support ticket if you find an error or would like to be public. Reference your order number as well.

Hey DZ, the Pony Express finally found my tepee.  Signature affixed.   ;D

Thanks for your patience.

/Frank

Order# 238 is from me, same info as you have for order# 210. I opened a ticket, not sure which you will see first.

Phil

Hi, payout address as above has not been added to spreadsheet

thanks

gb

Any updates from Bitmine?
Thanks

Nope.

Hoping that this pans out, these shares have become very expensive now. If someone was to backout would the funds be returned in BTC?

Anyone, Anyone .... Beuhler

Bitmine.ch shipping window open 12/3/2013, any order status updates or tracking numbers?

I was told we had a mid / late Dec. ship date.

Regardless its not that far away!

Due to a shift in the production of our CoinCraft A1 chip, a three weeks delay affecting December-batch units has just been announced. Customer protection plan triggers and will feature upgraded hashing capability for free. Orders from January and later batches should NOT be affected by the delay.

Nobody likes to hear about late deliveries, especially in the Bitcoin mining world. While we tried to do everything we could to carefully plan the delivery terms, sometimes delays still happen in places where you have no control of them. This is the case of what happened yesterday, when we had a conference call with the supplier of the chip to follow up with the delivery schedule of the CoinCraft A1 ASIC chips, which were supposed to arrive at Bitmine’s assembly plant this week. Unfortunately, the production of the silicon wafers used by our chips has been delayed by three weeks from the factory, effectively forcing us to delay the December batch orders. As of now, the January and later batches should NOT be affected by the delay because our production capability is enough to recover the delays.

From Customer Protection Plan:

2) For each subsequent 10 days of late shipping, we will add for free 10% more hashing power to your order as penalty.


 :-\

Too bad...Would love to be able to move the money to R17
Double the hash for the same price (a month difference though)

=( At least we get more power even if it isn't that much

This is due in about 3 weeks with BM's version of MPP kicking in with extra hash rate. Let's cross fingers!

Merry Christmas everyone! If you celebrate or don't celebrate this holiday, my toast of good cheers to you and yours is still the same. I'm thankful for our customers and I'm thankful for you co-op members that have helped make this co-op the success it is today by helping us improve things over time and helping one another out with knowledge. 5 months ago I had no idea I'd form the biggest public co-op in the world for BTC mining.

It's an honor to be the founder and co-leader of a co-op full of so many like minded miners, and I'm both humbled by our success and very thankful to have met my co-leaders, which has resulted in round after round of world class values, and a crypto umbrella company founded upon the core of the DZ MC (with the co-op shielded as a sub-company).

Here's to a successful 2014!

Any Update?  ;)

++

Hoping for some positive news and updates on the R7 order. We have alot of bonus GH on these shares once they start hashing.

Updates can be found here.

http://bitmine.ch/?page_id=25

Any update on our orders?

http://bitmine.ch/?page_id=25

Apparently production just started today, so we should be getting the rigs soon =).

As another note so no one gets blindsided hosting fees will be slightly increased due to power consumption of the customer protection plan as Bitmine was late and this order should receive additional hashrate which equals additional power.

How soon before the R7-R8 spreadsheets are posted? Which team member in to co-op has the order number and the ability to look at the order status and post the updates?

Hmm thanks for reminding me I forgot about a few spreadsheets. I'll add these to this list and should hopefully have them up on the dz backup site under the round 7 page (if its not there I'll make one) sometime this weekend.

www.crypto-ops.com

Thomas, the link for GB R7/8 is not working.


The page you were looking for doesn't exist.

You may have mistyped the address or the page may have moved.

If you are the application owner check the logs for more information.

The latest update from Giorgio is the December batch ships next week (with hashrate upgrades for the delay).

I have yet to receive a shipping update on this order.

Thank you for the update.

so something already arrived? any update?

Where in the order queue are we for this round? Was it an early or late purchase? I have 4 shares and look forward to hopefully recover something.

What is the committed shipment date, which is the one published when you place the order.

No shipping update yet. I do believe we're very close to the automatic refund with 10% added IIRC that was promised by Bitmine for December batches.

Our Bitmine orders are:

R7/8
#2237, Rig, Mid October, showing as Completed
#2365, upgrades to Rig 1, Late October, showing as Processing

R18
#2298, Rig, mid-late November, showing as Processing
#4209, Rig 2 upgrades, early-mid December, showing as Completed

It's possible that they may have bundled the upgrade into the orig. orders (or viceversa), which is why half the orders have been showing as processing for months.

Here's a screenshot of our orders: http://i286.photobucket.com/albums/ll87/SurfSkateKauai/BitmineOrders.png
Here was the original #2237 order: http://i286.photobucket.com/albums/ll87/SurfSkateKauai/DZMCR7BMre-payment.png

(Edit: interesting that our #2237 order shows as a higher amount now; unsure if because #2365 was bundled into it, or if because of BTC's higher value)

Thanks so much for the update!

Awaiting any tracking information updates.

Hello DZ, has it been 71 days of delay based on the committed shipment date?

If so, please see CPP and refunds deadline posted by Giorgiomassa. I have posted below...

CPP and refunds deadline
Confusion would be the best term to describe an otherwise very straightforward policy. A dedicated page explaining in simple words how the CPP works has been available here http://bitmine.ch/?page_id=850 since day 0, but it looks like it wasn't clear enough, or just not read by most people. Let me resume some key points:

1) First 10 days don't count in late delivery calculation.

2) Refunds can be asked on the 71th day of delay based on the committed shipment date, which is the one published when you place the order. For avalon-clones and December batch customer, that means you'll be able to ask the refund starting from February 27th (December 16th stated delivery date + 10 days + 60 days). An appropriate page on our web site under support will be opened tomorrow for anybody willing to ask for a refund and yes, we will be honoring them within 30 days.

3) The late delivery compensation for your unit(s) will be determined at the exact moment of its assembly, that's why it makes no sense to keep on asking the support team, they won't be able to give you an answer till the unit is in production!

4) The compensation is calculated on 10% steps of increase of the nominal hashing power that you've ordered, rounded to the next highest hashing module. So, if you ordered a 200 GH/s unit and your unit leaves our warehouse after 32 days of late delivery, that is 22 effective days which is 30% additional power. Theoretically that would be 260 GH/s which, in case of the Desk unit where the hashing modules are 200 GH/s each, that would make your order shipped with two 200 GH/s modules for a total of 400 GH/s. Before creating again a conspiracy based on my words, please note that we're currently evaluating the possibility to supply late orders with half-mounted hashing units (i.e. 4 CoinCraft A1 chips instead of 8 ) so whereas you'll still get more than what you were actually entitled for, it may be less than the above mentioned example.

5) Refunds are made in the same payment method on which the payment was originally made. That means: wire transfers get refunded with wire transfers, bitcoin payments get refunded with bitcoin payments.

6) Refunds are pinned to the daily exchange rate at the moment when the refund will be issued, based on the original USD price of your purchase order which is the base currency for the prices stated in the website. That means:
    6.1 If you paid by wire transfer in USD, you get refunded by wire transfer in USD
    6.2 If you paid by wire transfer in EUR, you get refunded by wire transfer in EUR at the daily USD/EUR exchange rate based on your originally invoiced amount.
    6.3 If you paid by wire transfer in CHF, you get refunded by wire transfer in CHF at the daily USD/CHF exchange rate based on your originally invoiced amount.
    6.4 If you paid by bitcoin transfer in BTC, you get refunded in BTC at the daily USD/BTC exchange rate based on your originally invoiced amount.

7) Refunds are not mandatory: if you don't request them with our refund request form, we won't be doing this automagically for you. You can opt to wait for your 50% (the maximum) compensated order to be delivered for any amount of time.

8 ) Refunds are based on the originally paid amount, excluding any coupons or discounts. For example, if as an avalon-clone customer you opted for a 50% free coupon on your originally paid amount of $1000, your refund will be based on $1000 and not on $1500.

^ +1 , any updates? if refunds will be poll'd, ill join the "yes" people.

Thank you.

I can say that I have not gotten any shipping info thru to my UPS account, and nothing has showed up to hosting... I will get DZ to check in on this.

Thank you, sir.

I vote yes to refund with my 4 shares

Bob its pretty obvious that they are dropping the ball hard and then Chinese will take all their business. It would insane to keep this shipment even though it sounds like you are in bed with them being their distributor. I'm sure you read the other threads and know all the bullshit going on with Bitmine.

We should also remember the 10% additional penalty that may apply.

http://bitmine.ch/?page_id=850

3) After the 61st day of late shipment, you have the right to request a full refund and we will pay you an additional penalty of 10% of the initial order amount.

Also remember that they will pay in USD value at the time of the refund being issued.

So, if GB R7 invoice amount was $6,898 my understanding of the breakdown is as follows:

Plus 10% additional penalty       $689.80

Less Bitmine Admin Fee            $30.00
_____________________________________
Refund amount                       $7,557.80

Bitmine.ch would purchase BTC and refund BTC to GB R7 which is then split to the share owners less the 1.5% fee.

Thomas, is this your understanding?

Yes that's my understanding on it. Everyone can vote to have a refund requested if they would like.

hi thomas, i dont know which gb i join 8 or 7(forgot it already due to so much delays by these manufuckturers). but either or, il join the 'yes' people. thank you

Thomas, do you have the Bitmine.ch refund request form? Will a refund forum/poll be set up?

Checking for any updates from DZ to see if GB R7&8 are +71 days, if so, is a refund + 10% going to be submitted?

Lets get this refund poll setup. You were happy to take our BTC and you still get an admin cut on the refund so lets do this.

Mahalo

I'm going to bump this daily. So whats the deal? Has anyone other than Bobsag, DZ or ThomasS made any money off these group buys?

No communication, No miners ... bullshit.

I'm trying to push for the refund but I need to get in touch with DZ, we have actually lost money in the Group Buys by paying for extra things instead of requesting funds from GB members like other groups do.

I'm voting to move forward with refund.

tgbtgin_2013

8 shares

While they're shipping units, they're so late, and there's enough momentum, that the Refund Request Form is going in tomorrow. I would've sent it tonight but I don't have a scanner to scan my ID which they're requiring for refunds.

The refund form says that the refund should be processed in 30 days. When it arrives I'll be sending the BTC to Thomas to deliver your refunds (minus a small refund fee). BM is doing a conversion so they're sending the current USD equivalent of the BTC we sent at time of ordering.

17~BTC to 4BTC is a lesson learned on pre-orders :D

However a refund is MUCH better than nothing so I won't complain. Thanks guys.

Agreed.  Thanks for your effort, DZ!

You're welcome!

So: Sometime in the next month, we should be receiving our refunds at the current BTC/USD translation at time of refund.

Any updates on this?

ping?  :-\

update?

Still no refund for this?  ??? ??? ??? ???

An update would be nice ...

bump

I've requested an update from bitmine however no response has been given.

What's the word?

I think you need to get on their ass and put some pressure. Its been 14 days since your post. Wake up.

Do you think I just sit around all day doing nothing, I have been they ignore me / DZ.

They've been ignoring us since late March.

I sent them everything they ask for to verify ID for a full refund on March 31. Not a peep from them since or a single response to follow up emails. Please feel free to contact them as well if you'd like on everyone's behalf. It might help as in they hear from other irate people wondering when they're going to send refunds.

Bitmine has some explaining to do to all of us.

DZ,

In my experience,  they only answer the phone,  and it seems like most people have their emails to support unanswered.  

I'd suggest staying up late one night,  firing up skype,  and giving them a call.

Be prepared for 10-15 minutes of listening to one verse of "I've got the power" over and over again.  Having this song stuck in your head the next day may be the true cost of doing business with bitmine.ch.

"I've got the power, hey, yeah, hey

Like the crack of the whip, I snap attack
Front to back in this thing called rap
Dig it like a shovel, rhyme Devil on a Heavenly level
Bang the bass, turn up the treble

Radical mind day and night all the time
Seven, fourteen, wise, divine
Maniac, brainiac, winning the game
I'm the lyrical Jesse James"

ROLMAO! They have SNAP as their hold music? Awesome lol

Update?  ??? ??? ???

I had quite a lot invested in this...
This was suppose to be delivered in december if i remember...

The lack of news is irritating and it seems that you have dropped the ball.
What is going on? Am I the only one wanting to see my money back?

I will post a message everyday until this is resolved.
 >:( >:( >:(

I want my money too the sad thing is we will probably never see it.

Up again...
some of the guys have received their refund https://bitcointalk.org/index.php?topic=291141.4040

Not from this group buy. They took the money and ran, scammers until they can prove otherwise.

DZ you should post the order number so we can follow up with Bitmine and find out what is really going on. As far as we know you never even made payment, took the BTC and ran. Lets see some proof this order was placed.

https://bitcointalk.org/index.php?topic=308512.msg3346872#msg3346872

No news?

I submitted our status here
http://www.bitminerefund.com/

Still no news!

Up again.

hey  ??? ??? ???

 >:(

Theft in broad daylight...

Maybe it's time to start complaining to the FTC about this Mail order type scam.

R7 is Bitmine order# 2237, send over an email to Bitmine and double check.

The last communication received from them was asking if we would like to receive the units or wait for a refund.

News??  >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:( >:(

There is and will be no news. Our money is gone. Yet another BTC scam.

Agreed.  We got got, let's move on.

Bitmine stopped responding, I've emailed them about once per week.

I'm still waiting for a refund from your company Thomas! It's been more then 6 months now. :-\

We have an legal agreement and Minersource aka Miner Hosting LLC keeps ignoring it and even tried to send me 6 month old useless miners after the order was cancelled.
Order ending with ..4732

Please send me my refund already..

Any update?  >:(

Your money has been stolen, you will never get it back. Time to move on unfortunately.

Agreed.  Let's move on here.  I lost BTC like everyone else.

Move on? No time to report this to the cops.

Particularly Matthew Carson, Terrence Thurber, Thomas Thurber and others are who you are going after. Check with Oregon Mines if they still even exist.

So all these GB's crashed and burned?

https://bitmine.ch/?product=coincraft-rig

Did you ever receive a refund?

I was not paid back on this.

all in all this was a crash and burn company.

the co-op  had around  20-22 rounds   of sales.

I did well on some and lost on some. 

They are gone.

Some advice only  use gear in your home if you can't afford a loss.

Almost everyone of these companies  turned out badly.


Hashnest run by bitmain  is one of the few winners.

I don't know of many more then them.