Bitcoin Forum

Yes that's right I'm finally posting one of these bad boys.


We've purchased 2 KnC Jupiters that are estimated to be shipping sometime between the middle of the month and the end of the month. Shipping date is estimated to be mid-November, according to bobsag3.


R16 / R16B: 1 GB share = $125 = KnC 11 GH/s + November shipping +  world's lowest hosting/management fees + Corsair HX1050 / Seasonic 1050 PSU + DZ MC co-op bonuses (extra A/C, Gas Generator, Server UPS battery banks, dual network connections, 5 veteran remote/local admins, arbitrage expertise to resell used miners, etc., etc..)

- 50 shares are available in R16 (550 GH/s)

- 50 shares are available in R16B (550 GH/s)

 



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DZ Miners Cooperative Roles for this R16 GB:

DZ - Co-op Founder / overall coordinator of the Co-Operative, background role for R15. Founder/CEO of a newly formed Cryptocurrency focused Intl. Corp. Overseeing payouts and Primary admin for Co-op miners, IT Network Engineer, DoD IT Contractor.

thomas_s - Primary GBC for Round 16/16B. COO of our new company, Set up Online Auto Reservations for the co-op! Thank you! Send BTC payments and questions for R16/16B to thomas_s. Business Degree, works in Finance.

bobsag3: Vetted Co-op member. World's lowest hosting fees for vetted miner hosting at a professional colocation hosting facility in Missouri!  Official Black Arrow US Reseller and US Distributor for Drillbit Systems. New Pres. of our Mining Operations arm of our LLC. Providing R16 and R16B miners to the GB Forum!

-Redacted-: Veteran remote admin. DZ MC Co-op Leader.  DoD IT Consultant.

jungle_dave: Vetted Co-op member and Former Electrical Engineer / Network Engineer. Backup Admin for co-op miners, software support.


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...And Introducing to the GB Forum: Auto Reservations!

Thank you to vetted GBC thomas_s who has worked hard to put up a site to automate reservations so that there's no confusion and no double orders! It'll also make auto-export to spreadsheets much, much simpler for GBs, going forward.

www.dzminercoop.com

==

Please contact thomas_s for questions and payments or to manually confirm your reservations, as I'm in more of a Miner Cooperative Support Role for this particular new model Group Buy (and potentially others). If you have questions about Round 15 unit hosting please contact bobsag3.


1 share is $125 per share, which gives you 1/50th of the miner's hashrate.

Since this is a 550 GH/s unit, that works out to 11 GH/s per share for R16/R16B. Unit will be hosted at bobsag3 at the world's lowest hosting/management fees, for a limited time. This should be shipping between mid. November and the end of the month (estimated). Incremental and monitored Overclocking will be implemented as we'll be keeping things nice and chilly.

Your share price includes acquisition of an estimated 20 minutes of UPS/Battery Backup + Gas Generator backup, included in the discounted share price to keep BTC flowing during: short outages (blackouts), voltage sags (brownouts), and voltage spikes, as well as to provide power filtering. The special purpose Gas Generators our co-op buying power allows us are meant for providing power during longer outages.



Thanks once again to bobsag3 for making these KnC Jupiters available to the GB forum and the DZ MC.


===

If you have questions as to how this whole darn at-cost, Democratic Miners Cooperative that's also a mesh network works, please send me a PM or state your concerns publicly as there's nothing to hide in this co-op.  Smiley

Only hurtful or trolling posts will be deleted as we welcome all valued opinions, insights, concerns, and improvement ideas to improve our at-cost (or even below cost) cooperative of about 37 120 members (so far).


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Image Credit:   Original Image  



                                       _.====.._
                                    ,:._             ~-_
                                        `\              ~- _
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                   ..__..-..__...-      /__/  /__                `_ ~~--..__...----... DZ's Miner Cooperative, Round 15 ..."The little Co-op that could"...


An At-Cost Democratic Miner Co-operative with the world's lowest fees
for vetted miner hosting/management services:only $200 per month per miner!

~120 members: 1 Scientist, 7 admitted IT Pros, 3 Network Engineers, 3 Electrical Engineers, 2 Finance Employee, 6 GB Coordinators, multiple vetted host sites.*

*Note: A listing above does not necessarily indicate that this person runs or contributes to the running of the co-operative, but many of the pros listed have made their services available to the co-operative. Also, there could be more than 7 IT Pros, but some geeks are meek.  Cheesy


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This Co-operative is led by a John K. vetted Network Engineer based in Hawaii, DyslexicZombei or DZ, who gets to design prototype IT hardware and lab/field networks in support of cutting edge research projects, and has been in the line of work of T&E and R&D for nearly 10 years, with 50-60 Hawaii/US Aerospace/IT/R&D/Civ. Engineering Endorsements on LinkedIn. The other remote administrators are jungle_dave who is a former Electrical Engineer and Network Engineer and -Redacted- a UNIX guru and veteran miner. Our local/remote admin is bobsag3, who is also an IT veteran. There are 5 leaders in the DZ MC, with thomas_s and I doing the actual running of the Cooperative.

Mining Equipment will be operated by vetted IT pros or a vetted IT college student, with backup host sites available. Payouts are on the 1st and 15th of the month minus a $100 host/management fee, the lowest around.

Once sales begin, Refunds are available up until unit ships at 1.5% restock fee. We vote on all buying, shipping, and resale decisions as well as vote on the month to attempt equipment resales after 5-7 months of operations.

Vetted GB Coordinators are encouraged to team up to increase buying power and close out Group Buys quicker. All suggestions are welcome to help improve our Co-operative.

- Approx. total value of GBEC / GBC ASIC pre-order sales or pre-sales of shares on this forum by DZ MC since Aug. 15: $126K
- Approx. value of DZ ebay ASIC sales (including 10 ebay shares for 3 GBs, worth $1.4K) since Aug.1 : $3.9K

- Several new GBCs and Bitcoin Miner Hosts vetted for free, and several scams pointed out on two BTC related forums.
- Number of FundRaising Rounds completed: 15
- Number of HashFast miners: 2 Baby Jets with paid upgrades, 2 Sierras, 4TH/s+ Total
- Number of KnC miners: 2 Jupiters, 800-1200GH/s.
- Number of Bitmine miners: 1 Rig, 2 Rounds so far, 1.4TH/s, up to 2.5TH/s+
- Number of Black Arrow miners: 80 boards, 3.3 - 4TH /s
- Total Ordered HashRate: 11.1 TH/s+ Total
- Online Auto reservation system tailored for Group Buys thanks to vetted GBC thomas_s!
- Server grade UPS units, a DZ MC gas generator, and a DZ MC Air Conditioner just for our miners in a custom cooled cabinet built by bobsag3, which will allow us to provide a perfect home to explore Overclocking for DZ MC ASIC miner rigs.
- New! A sixth GB Coordinator has joined the co-op! He's a VP of his own small oil company in Texas and is helping us to cook up a couple of future projects. Welcome Aboard!




Last order paid: Rounds 12, Black Arrow Bullet Run, $12.3K

-Data current as of 11/10/2013

R16 Details:

These 2 units are being priced at $6,100, the reason behind this is because these units where purchased in fiat.


First Hosting Charge - There will be no hosting fee for the first payout thanks to bobsag3 and Miner Hosting LLC. (Management / Operation fee still applies)

Until further notice future hosting charges will be - $125 per machine per payout period (on the 1st and 15th of the month.

Its late here and I have work early in the morning (if this round isn't sold out by then I'll pretty this thing up)


Purchase link:  http://www.dzminercoop.com/?product=r16-2-knc-jupiters

We ran out of Jupiter hashrate for y'all, so we secured a couple of more for you.  :)

Also: it appears that besides KnC November orders (which sold out), it looks like deliverable hashrate is going to be slim pickings until the next major player enters the market.

Just sayin... :D

In for 20 shares - Order #639

Thanks for the opportunity!  Now lets hope they get hashing SOON!!!

Just paid for 6 shares, order #641.  Thanks guys, I won't even look at other GB.  cheers!

paid for 2 share order #642. thanks.

3 shares for me :)  PM sent to thomas_s with details about payment

bought 60 shares - order #640

thanks for this possibility :)

All I can say is the site shows as out of stock, until tonight I won't know I'm already late for work.

I know a few people were trying to enter with 2-4 shares on next round, me included. I wake up and the "possibility" is gone. Thomas_s, could please give small players a chance to enter cooperative by limiting number of shares in one hands over some initial period? Thanks.

Edit: what I really liked and appreciated about this democratic cooperative was that many people had a chance to join bitcoin movement. I have no doubt that you can outright buy all 100 shares. This will make this neither democratic nor cooperative. It will be just a few guys working for one guy making him rich.

While I sympathize as I have shares spread across multiple GBs, if someone has the money it's their perogative.  I would have bought more in R16, but oh well.

Oh oh, don't get me wrong, I am not a communist trying to say what people can do with their money :D He could just buy Jupiter out right and get it delivered and manage, etc. himself. He may or may not be successful, because it's apparent that getting it ACTUALLY done is NOT EASY due to many factors. GB is an EASY way of getting into this game.

As I read the "About Us" on dzminercoop website, the idea was to put bitcoin mining equipment in the hands of many at or below cost. These guys are crazy (in a good way). With one person buying majority of shares, this becomes moot. Schwede65 can hire them to manage their money, but that would be a different idea as compared to the stated goals of the cooperative. Schwede65 did absolutely nothing wrong. The question is what DZ and thomas_s and the rest of the guys in this endeavor want to do.

 well I have 19 shares from r5+r6.    I have  11 shares from r9-r12  .

 so I have about   200gh in hash running as I type.

  If someone can buy 600gh-660gh   out of the 1100gh it is too much.  but just for 1 reason.   that person would have the vote won at all times.  after all they would have 60% of the 100 shares.


 So if they said  I want to sell the miner  lets call a vote would  not they always win the vote?   

I can't blame the guy for buying the shares. ,  but I would think a 25% limit or a 33% limit  would be a good idea in the future for any one round.




THis  does not mean you can't have 1000gh or even 2000gh across 5 or 6 rounds.  just not more then 25-33% of any one round.


 Myself I am staying back a bit from buying I need to collect a few coins then sell them before I buy again.

I think 25 or 33% is too high. That still means 3 or 4 people can completely buy out a round leaving nothing for the "little guys". I would suggest 10% per round as fair, that means no less than 10 people and probably closer to 20 on average per round. Thats a co-op effort. 3 or 4 people thats still a monopoly.

I guess 10-20 range works.  for sure not 60%  or unlimited.

  if you want that type of 50%  or more deal just send pm's and ask them to buy and host.  BTW  close to 400 usd a coin at coinbase!!


https://coinbase.com/charts 

  yeah baby!

 I so can't wait till dividend day. 

LOL, how many coins do you get each dividend day?

I think I will need to wait 1 more payout cycle unless the numbers are much better than I expect. But soon, very soon, I shall have my first ever FULL bitcoin to call my precious. I think I will be about .93 after this cycle, so one more to go
LOL

Yes, keeping an ASIC rig up and running, is not as simple as it sounds, as we all saw/heard from the R9-13 Black Arrow Bullet Run we hosted. We started this co-op to not only make it affordable but also easy for the non-technically inclined or for those that don't want to deal with: the noise, cooling and power requirements, and troubleshooting that miners *will* require sooner rather than later.

Yes, we're a bit crazy offering the prices we do but this co-op was founded of the concept of giving as many people as possible, access to Institutional Pricing.

I hear your concerns about too much voting power residing with one buyer. FWIW: I control about a quarter of R1, a Baby Jet, and Thomas owns half of R3, a Sierra.

We could possibly set up something like this but to be honest: with the tools we have at the moment, it would have to be a gentleman's agreement, because even with IP tracking: which could easily be defeated by using a proxy or a different internet access point, and order tracking: which would be defeated by just entering fake data and a different wallet address, it still may not fix the issue. In other words: this is not a simple or easy thing to try to implement for an "amateur" co-operative.

Going forward: I'll discuss a 33% hard cap on a mining rig for any one co-op member in one Round. I can't promise anything, and we determine things together, but I will bring this up at our next board meeting, which is likely tomorrow as I'm meeting a forum/co-op member this afternoon for Kauai's first Bitcoin meetup (all 2 of us).  :D

Also, with all this talk about the Round selling out too fast, I forgot to mention that this Round has set a new forum record as far as selling out an Industrial Class rig.

The previous record was a 12 hour sellout of a $12K HF Sierra that Thomas & I held. I'd have to check records with Thomas but it appears that R16A and R16B has sold out in 6-7 hours!

Congrats Thomas and bobsag3!

Just to make sure. You did not, perchance, make any room to facilitate reservations made in R15 thread?

https://bitcointalk.org/index.php?topic=330351.msg3548703#msg3548703
https://bitcointalk.org/index.php?topic=330351.msg3553134#msg3553134

mrm0

I think 19 shares of r5+r6 will be 1.4 or more and 11 shares of r9+r10+r11+r12 will be around .88   so maybe 2 coins.

If price holds and I sell them for 800 usd, I think I am even for  all the above shares in USD terms.
These 400 usd  coin prices have made my remaining block eruptors  sell at high prices on ebay.  All in all OCT and NOV have been good to me. (in the world of BTC)

This would be something we can do, if KNC wasn't sold out and or we can get our hands on chips.

Hey DZ,

I am looking forward to joining the co-op as soon as you finish the vetting process with me (I sent you a PM with some of the requested information.) Just so everyone else knows what I have to bring to the table, I have a total of 5 Cointerra Terraminer IVs on preorder (thats a total of 10TH/s.) This order is #625 in the December order que so it will be amongst the first orders shipped from Cointerra. Not sure how we will work out the details on how shares can be split since my investment model is somewhat different than the ordinary GB. My companies focus is on rapid re-investment rather than straight payouts. Essentially the company will take care of the future purchasing of hardware based on the given returns, this will give the advantage of leveraging buying power to get higher hashing rates at better prices.

Hope to here from you soon DZ,

Later!

[EDIT: Thought I would add this so we have a good perspective on the potential returns for the 5 Terraminer IV's]

Update about shares? I wrote pm, but i have no response.

Have a nice day.

Everyone has been super slammed this week, so either Thomas or DZ will get back to you, dont worry.

I like the idea of a bigger share price

The GB should try to get this one?
https://bitcointalk.org/index.php?topic=333145.0

So shipping is delayed but they upped the GHZ.

Not great news at all! Yes GH/s has been raised to 650, but we will be in a new difficulty period by the time it ships.  Some have estimated a new difficulty of 605, which would be roughly a wash if the GH/s is 650 (vs the current 510,900,000 and 550 GH/s).

Is the Coop going to redistribute the additional 100GH/s across all shares resulting in 13GH/s per share?

Sort of feels like the old saying "The faster I go, the behinder I get"

Yes the coop distributes total mined after hosting and management fees / shares

are these 2 GB-rigs forgotton or lost?

please give us the latest informations regarding this GB-R16...

shipping of the rigs + estimated time to run them in the btc-network

Waiting for them to arrive

http://forum.kncminer.com/forum/news-and-anouncments

That's what I was able to find. I don't think there is any real update since Nov 15 post where they said it slipping by 5-10 days.

"Forum Support
21st November 2013, 02:20 PM
Hi everyone,

Firstly we would like to apologies for our lack of participation in this forum. It has been extremely busy since we began shipping the miners and we have not had the time to provide the support on the forum as well as the emails and calls that we receive.

However we now have a little bit more time and will be doing our best to provide support here on the forum as well as our continued support via email and calls. We appreciate all the feedback and support which has been provided by forum members and we will be contributing as much as possible.

Thanks.
KnCMiner Team"

yeah this is very much like avalon.  first batch was sent out.  second batch was pretty f'd up.  In both cases btc was moving up a lot.  but in this case knc did a price drop on the gear while avalon jacked the price up a lot.

https://www.kncminer.com/news/news-68

nice to read that posting of such a good address :)

Nice... Time to send thomas my payout address...

this is also good news   since it won't arrive  until nov 30th to dec 2  the next diff increase will not jump so high. 

what would be nice is these come the 1st day of the new diff jump.

(copy pasta from R15)

Latest update this morning, from KnC site:

Order changed to "In Progress."  :)  :)  :)

Any news or ship notices?  I'm VERY anxious to get this and R15 going, as I am sure everyone else is as well!

Yep thank you all 4 have shipped.

Yes it will, for the pool we will more than likely go with BTCGuild as that is what our plugin works with or maybe our pool when its all ready..shh I didn't mention that.

Spreadsheet posted a few missing addys emails have been sent to those people.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdDNFMm5KekxoY2lIczNmN0ZwSmdkVFE&usp=sharing

Chart page now on the site as well under Rounds

congrats 2 more rounds of dz coop hashing

Hi fives all around everyone!

Another round online. Thank you!

Is it worth it to combine R15 and R16 into one thread like we did with R9-12? What's your thoughts?

I saw all units go online and they were hashing at ~660GH/s, but now it looks like only #4 is running, unless the web page isn't seeing them correctly.

Or maybe miners #1-3 went to dinner leaving #4 to do all the work! :-)

Yes I would combine the threads.

Great to see them online!

I say a combined thread, sure.

Miner # 3 down now...what is the issue?

WORKER 1 HASH RATE       682.919 Gh/s
WORKER 2 HASH RATE       666.426 Gh/s
WORKER 3 HASH RATE       0 Gh/s
WORKER 4 HASH RATE       663.983 Gh/s

I know he was having issues with one of the miners when he was setting up, hopefully, it wasn't the same miner. Trying to get Matt's attention. He didn't sleep for 36 hours+ at one point to get the Jupiters running after he got back from Hong Kong.

Great thing that he just hired reinforcements! It's going to take 2-3 weeks for most of the reinforcements, however.

BTW, closing this thread and will be opening a combined R15/R16 thread, thanks.