Bitcoin Forum

Discussions from -

R5: https://bitcointalk.org/index.php?topic=304377.0
R6: https://bitcointalk.org/index.php?topic=305886.0

Should be moved here.

FWIW: Hosting prices were actually reduced so that we can hash profitably for longer.

Also: -R- opted to do payouts on the 1st and 15th since he's handling payouts for these rounds. Just means the payouts are about 1/14th larger and we wait one more day.

Cheers!

P.S. Apologies to anyone's PMs I missed. Buried w/ my usual PM avalanche on top of work IT emergencies, co-op site redesign, future GB planning, as well as business setup and biz planning on the pro side.

Just not enough hours in the day even though I'm down to 3 days right now at the lab.  :-\  :P

Thank you. For combining the 2.  I am looking forward to the payout tonight.  we are at about 8.66 + 8.51 = 17.18 coins for the 2 rounds.

 that is around 8.5 btc a round   or .085 a share.

  I have 19 shares or  about 1.615 btc   all estimated but close.     1.615 at 420 usd is  678 usd.    pretty good.  


To expand on profits.. If you cashed coins each and every day you got paid from this group you would have less then if you had held all the coins up until today. The advantage of cashing out the day of payment in btc is ease of us tax return.  you can base your profits in usd more like a gold miner.  hold the coins more then a day will complicate your tax calculations..   

(why? once you hold the btc for any length of time  you need to calculate the loss gain of it for the time held in usd).  any how or any way.  even if you cashed the btc the day it was paid you will be in the black with todays payout. 

  My 19 shares were 78 usd each or 1482 usd.  if I held all coins including todays  my total btc would be  would be about 6.20  at todays price in usd about  2604.

if I cashed the same day I got my btc   the prices of btc have moved up  I would have only 1529…..  Either method of cashing out I am ahead..

one method  I am ahead 1122   as 2604 - 1482 = 1122 usd.  this was the hold on to your coin method…. 

                             I would have 1529 - 1482 = 47 usd   the sell right away method…. 

  that extra 1075 is due to btc price rise. kind of like digging up gold in a mine.  holding the gold and hoping gold price rises.   Or being paid in stock then hold it waiting for a price rise.
   
   I have a tax background .  I can not say what all rulings will be by the USA on the tax accounting law for these coins.  So hold these btc rather then cashing them will affect you tax wise in an unknown way.  Cashing them the day you get them  is easy to understand profit,  but I am not  sure if it works better taxwise. My guess is cash them out.  but it is a guess

 



 What is also nice is the next jump may be under 20%  I see  510 to  572   here  http://bitcoincharts.com/


I see 510 to 608 here  http://bitcoinwisdom.com/bitcoin/difficulty

Pretty close on the numbers - we're at 17.42 BTC before expenses (the month of free hosting I paid for is over) which will work out to about .0846 BTC per share after.  

With the Bitstamp price currently being $427, that's about a $36 per share return for two weeks on a GB that was only $78 ($75 + $3 UPS fund) to start with, or a 46% USD return in just these last two weeks.  :)

@DZ - it would have been kind of nice to put a link to this thread in the R5 and R6 threads before you locked them....

yeah this deal and the r9-r12 deals were very good for me. :)

Here's the payout info for R5/R6.   I should be sending this out in the next hour or so. 

That's about $35.53 per share at the current prices.


https://i.imgur.com/7yU93rS.jpg

nice.  I am looking forward to it.


 

Thanks -Redacted- , everything looks good

Thank you, getting closer to break even ;) (two more months?)

In USD terms, we've made a 74% profit - $58 over the cost of a share.  And yes, I'm expecting that we'll hit break-even in BTC by the end of the year.

This turned out well...   8)

yeah we done good.  I cashed in 1.25 of the 1.60 received today at coinbase  about 525 usd.

..in USD terms we should "buy and hold"

yeah next difficulty jump should be decent.  we could get close to the same share size on the 30th of nov. 

as to btc/usd ??

I bought 10 BTC last week at about 315 on coinbase.  They arrived today, and I immediately turned around and sold them back for $418 each...

yeah a bull market is nice.   442 this morning!  tomorrow I get a payout from this other group buy


https://bitcointalk.org/index.php?topic=244042.new#new   around .34 btc or so but that is about 150 at 442 a coin

Did pay outs go yesterday?  I didn't see one....

lol?
Did you talk to your wallet?

My bad.  I had a conversation with my wallet just now.  It never sent me my happy email that it got the deposit.  Bad wallet!

:) How about "watch" and "notify" the topic?

http://www.ebay.com/itm/KNC-Kncminer-Jupiter-Bitcoin-Miner-550-GH-s-IN-HAND-USA-/111217697165?pt=LH_DefaultDomain_0&hash=item19e517618d

lol
we could be rich!

it'll be sold tomorrow

$478 on gox..

We can "play the game" by listing one of ours for 20k...

Todays Diff jump will be to around 610 mill actual number 609.4 mill.  It should be was under 20 %  the last jump under 20% was Aug. 3rd.

Long term it may not be a trend but short term it helps  r5 r6  r9 r10 r11 r12  a lot.

Coins are 482 btc!!!

https://coinbase.com/buys

Difficulty History

Date   --------------Difficulty---------   Change-------Hash Rate

Nov 05 2013………510,929,738……….   30.70%……..3,657,378 GH/s
Oct 26 2013……...390,928,788……...   46.02%……..2,798,377 GH/s

Oct 16 2013……….   267,731,249……...   41.45%…….   1,916,495 GH/s
Oct 06 2013……….   189,281,249……...   27.19%…….   1,354,928 GH/s

Sep 25 2013………148,819,200………..32.13%…...   1,065,289 GH/s
Sep 14 2013………112,628,549……….   29.56%….…..806,227 GH/s

Sep 04 2013….……86,933,018…………32.22%……..622,291 GH/s
Aug 24 2013………65,750,060………….29.40%……..470,657 GH/s

Aug 13 2013………50,810,339………….   35.88%……..363,715 GH/s
Aug 03 2013….   37,392,766………..19.63%……..267,668 GH/s

Jul 22 2013………..   31,256,961………..19.47%……..223,746 GH/s
Jul 11 2013………..26,162,876………..22.63%……..187,281 GH/s

Jun 29 2013……….21,335,329…………10.32%……...52,724 GH/s
Jun 16 2013………19,339,258………….23.92%……...138,436 GH/s

Jun 05 2013………..15,605,633………..28.41%……..111,709 GH/s
May 25 2013…….…12,153,412…………  8.64%……. 86,998 GH/s

May 12 2013……...11,187,257   ……….11.03%……..80,082 GH/s
Apr  30 2013…....   10,076,293 ……….12.28%……..72,129 GH/s

Apr 17 2013   8,974,296           16.96%   64,241 GH/s
Apr 05 2013   7,673,000           14.59%   54,925 GH/s

Mar 24 2013   6,695,826           38.13%   47,931 GH/s
Mar 14 2013   4,847,647           10.98%   34,701 GH/s

Mar 01 2013   4,367,876           19.63%   31,266 GH/s
Feb 18 2013   3,651,012           11.47%   26,135 GH/s

Feb 05 2013   3,275,465           10.33%   23,447 GH/s
Jan 23 2013   2,968,775           -8.64%   21,251 GH/s

Jan 08 2013   3,249,550            9.06%   23,261 GH/s
Dec 26 2012   2,979,637          -11.59%   21,329 GH/s

Dec 10 2012   3,370,182          -2.00%   24,125 GH/s
Nov 26 2012   3,438,909           2.08%   24,617 GH/s

Nov 12 2012   3,368,767   1.95%   24,115 GH/s
Oct 30 2012   3,304,356   7.55%   23,654 GH/s

Oct 16 2012   3,072,322   0.58%   21,993 GH/s
Oct 03 2012   3,054,628   6.65%   21,866 GH/s

Sep 19 2012   2,864,141   6.31%   20,502 GH/s
Sep 06 2012   2,694,048   10.38%   19,285 GH/s

Aug 25 2012   2,440,643   11.40%   17,471 GH/s
Aug 12 2012   2,190,866   7.57%   15,683 GH/s

Jul 30 2012   2,036,671   9.12%   14,579 GH/s
Jul 17 2012   1,866,391   6.56%   13,360 GH/s

Jul 04 2012   1,751,455   1.44%   12,537 GH/s
Jun 20 2012   1,726,567   9.06%   12,359 GH/s

Jun 07 2012   1,583,178   -0.50%   11,333 GH/s
May 24 2012   1,591,075   -8.20%   11,389 GH/s

May 09 2012   1,733,208   14.89%   12,407 GH/s
Apr 27 2012   1,508,590   -4.39%   10,799 GH/s

Apr 12 2012   1,577,913   -2.99%   11,295 GH/s
Mar 29 2012   1,626,553   8.56%   11,643 GH/s
Mar 16 2012   1,498,294   0.09%   10,725 GH/s

To follow up on the chart above  at a diff of 609.4 mill   and 1.1th of hash  we should earn about 1.4 BTC a day each day  for both r5 + r6 combined or .7btc for each one apart.  right now the wallets have 1 coin each  total of 2 coins  by the 30th of nov   there could be close to 9 btc in each one.  

  which means we may be at a dividend of .08 a share vs .084 a share.


  I have 19 shares  so 1.5 btc vs the 1.6 btc   is possible.

 I cashed for 420 usd  last payout so  1.6 x 420 was 672.

 If we stay on track   next payout  is 1.5 x 478 = 717.   So lets all hope for :

1) BTC bull run carries on  
2) gear keeps working  
3)dZ coop  keeps up the good work.



ALL of the above = estimate not real till it happens    think counting chickens

Is anybody selling their current shares? I would like to buy in. Please PM your share and your price.

Ready to pay the transfer fee and start hashing!

Check PM.

Btc    crawling back up it is just  at 700usd


https://coinbase.com/charts   


  No projections but really amazing bull run.  Some reasons why it is doing well may be below.



http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/18/this-senate-hearing-is-a-bitcoin-lovefest/

http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html

http://www.theverge.com/2013/11/16/5111546/new-york-state-weighs-bitlicense-certification-for-bitcoin-traders

Nothing much to report this week.  Just hashing and stashing.   Next payout coming on Friday, Nov 29th or Saturday the 30th.  I will probably cash out whatever namecoins have accumulated since the last time I sold them and add them to the up and coming payout.

Thanks!
Were are at 294.06% ROI (in USD terms)

To the moon  :D!

better yet we have done roi  in usd based on cashing them the day you were paid them ..  that is really good.

Just reviewing this.  It may be that the next adjustment comes about  Thanksgiving Thursday or black Friday.  Since KNC has been slow to ship and no one else has shipped a lot of gear  we could get a low jump like we did last diff adjustment.  

Short term  this mean our KNC r5-r6  may whale  away for  5 days plus the new adjustment of  under 20% for 10 more days or so.    this would also be true for the r9-r12 black arrow rigs.  I always pop up with early projections.  So counting chickens is not the best practice.  

Still looks like 15 -16 days at decent diff. the current 609 mill then 720 mill (a guess).

 I am  Hoping for this btc  price bull run to  at last past Christmas into early next year.

As a tax tip.  cashing in coins on Jan 1-10  of  2014 means taxes will be due April 15, 2015.  Cashing in coins from now until dec 31st means tax will be due on them April 15, 2014.

  These tax facts have  caused many price drops in stocks in early Jan year after year.
 So I suspect that the stock aspect of BTC may mean a Jan. sell off. Myself I am doing the coins come in cash them out method.  I may put in for a few more shares of buy 17 when our dividends get paid this week.

Once again hats off to the guys running this.  Thomas, Bob,DZ  thanks again for doing the right thing.



As for selling the rig I wonder  if should consider selling it for 10 btc (8k)

 we can get 14.25btc for it. based on this auction:

https://bitcointalk.org/index.php?topic=341620.0    

 180gh went for 4.75 btc       untested un proven gear.  our rig is tested and works we hash at 550gh.

  I figure it earns about  5-6 btc in the next 2 weeks we should have good diff the next 2 weeks.  I lean towards  hashing till the 10 of dec or longer.

Anyone selling shares pm me

Sold the 86 namecoins we've accumulated for 0.61 BTC - so we'll have a little bonus addition to the next payout.  :)

It's hard to believe that we're now up 300% in USD terms, and it looks like we'll continue to be profitable well into December, maybe even into January...

Excellent, luckily for this GB HashFast appears to be blowing up, so there probably won't be a huge difficulty jump in late December.

hhey  hey hey we need this today!!!


KnCMiner Newsletter
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All
 
We have an exciting update for you all today, in 2014 we will be shipping our 20nm product called Neptune.
We are aware more now than ever, that the demand for our product is large with bitcoin prices rising to all-time highs. The lack of available companies in the market place who can actually design, produce and more importantly ship increases the demands for our products as we are the only company who has shipped a 28nm product. We will once again take the bitcoin mining hardware to the next level.
 
Our first offering at 20nm is called Neptune following the naming convention from our 28nm range. It will have the following basic specifications.
 

Minimum 3000GH/s of hashing speed that 3TH (Over 5 times the speed of our first Jupiter release)
   (we reserve the right to increase this as we get closer to shipment)
A 30% reduction in watts per GH,
Shipment begins in Q1/Q2 of 2014,
Bitcoins first ever 20nm miner bought to you form the company who shipped the first 28nm bitcoin miner,
Limited batch for registered customers only,
Existing customers only can buy at this price other batches will be released later to non-existing customers at a higher price.
These items will be on sale for two weeks at this price or until it has sold out.
Payment for this product is bitcoins and bank transfer only.
 
The product is now available for purchase in our shop, If you are a registered customer you can order and pay for it today. Here at https://www.kncminer.com/categories/miners
 
There is a limited supply at this introductory price as a reward to our existing customers who have been with us before.
 
Thanks KnC Team

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We now have R19 Neptune set up by request from our co-op.

However, I can't believe the prices that people are actually *still* paying on ebay for these:

http://www.ebay.com/sch/i.html?_sacat=0&_from=R40&_nkw=knc+jupiter&LH_Complete=1&rt=nc

What's the general consensus on this? Even w/ ebay's awful fees, we'd still all stand to gain by selling soon, if that's what our majority want. A sale at this price is likely to be well over what the unit will generate (unless BTC prices continue to skyrocket).

If so: let me know as I need to go get my PayPal acct. out of limited status (they're not happy when you do a CC chargeback on BFL Jallys outside PayPal's 45 day refund window). That or we'll sell it thru Thomas's or Philip's account, if he's game.

Starting a vote. Please vote and tell your friends and tell other R5-6 co-op members to vote if you'd like to influence this vote.

Also: please follow up with a PM or public vote, including your number of share votes. We'll hold voting thru Saturday evening. Hopefully everyone will have stopped by before then.

Please also feel free to discuss the pros vs. cons of this early sale.

Thanks!

How about selling one (with a starting price +$25k) and keeping the other, distributing hashrate and proceeds between both R5 & R6?

Yes to sell one.  5 shares R5 and 5 shares R6.

Sell 1 Keep 1
1 share

YES to sell one, 10 shares in R5

Sell 1 keep one.

Yes, please sell one.

One share R5

  Sell it  just the one I have an offer from ebay 50 dollar max in fees.     let me get back with my ebay offer info.




Okay  here goes:











Seller Special

save up to $200 on final value fees

november 25 - december 4

Activate Offer

Please note: Invited sellers must activate the Promotion by selecting "Activate offer" in the invitation email or on the Promotion landing page. Items listed prior to a seller activating the Promotion will not be eligible for the Promotional Rate.

What is the Promotion?
Invited sellers ("sellers") who activate the offer and then list in the fixed price, auction-style, or auction-style with Buy It Now format pursuant to the terms and conditions set forth herein will pay maximum final value fees of $50 ("Promotion") for up to 500,000 listings created during the Promotion Period as defined below. Please note: Each listing that sells will count as 2 listings (1 towards final value fee, 1 towards final value fee on shipping costs); therefore the My eBay Promotions Offers module will display 1,000,000 as the maximum amount of listings available to you in this Promotion.
Who's eligible?
This Promotion is available by invitation only. Store subscribers that qualify for participation will have received an email and/or a message in My eBay. The Promotion is then activated with the seller's qualifying eBay User ID after the seller activates the Promotion from the invitation email or on the Promotion landing page. The Promotion is for invited Stores subscribers only and is not transferable.
When is it?
This Promotion will begin on Monday, November 25, 2013, at 00:00:01 PT (12:00AM plus one second), and will end on Wednesday, December 4, 2013, at 23:59:59 PT (11:59PM plus 59 seconds), for listings on www.ebay.com (the "Promotion Period").
How do I get the Promotional Rate?
Sellers that have been invited to participate in the Promotion will receive the Promotional Rate after they activate the Promotion from the invitation email or the Promotion landing page, and then list items fixed price, auction-style, or auction-style with Buy It Now through the Sell Your Item form, eBay Seller Tools, eBay mobile applications, and most third-party tools.


What are the fees?
Sellers will pay a maximum of $50 on the final value fees for up to 500,000 items listed during the Promotion Period. Final value fees will be applied to the total amount of the sale including the cost of the item, shipping, and any other fees a seller may charge—excluding any sales tax. Note that existing final value fees rates still apply, but the maximum final value fees have been reduced to $50.
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Please take time to read the full terms for all the details.
Sellers can list a maximum of 500,000 items as part of this Promotion on the US site, www.ebay.com, or with an eBay mobile application for iPhone, iPad, Android, Windows Phone, or Blackberry in the US. Please note: Each listing that sells will count as 2 listings (1 towards final value fee, 1 towards final value fee on shipping costs); therefore the My eBay Promotions Offers module will display 1,000,000 as the maximum amount of listings available to you in this Promotion.
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Please note: The final value fees discount will be reflected in the "View Account Status" section in My eBay as well as in your next invoice.

Who can vote in this Poll , any one who is not part of this group buy ??? , doesn't make any sense this poll in this form.

You have to vote either publicly or in a PM to DZ, the poll is just to show a general what should we do but is not really viewed.

makes sense .  now if I list it .  we need to figure out a way to prevent charge backs.  I would be honest  to say I love the sell it idea but we may be better off selling it right here on this site.


look at this auction right here.  

 https://bitcointalk.org/index.php?topic=344948.0


 they got 4.75 btc for a 180gh machine..    no one knows if the machine is good.


  we have a 550gh working machine


 if we got 3x that it would be 14.25btc for a machine  no chargebacks.  


 the price when that machine sold was 800 usd btc is now 936.


   I would think someone would buy this at more then 10 btc in an auction easy.

  we could set the first bid at 8 btc  that is break even price .      so we would have paid 0 for the shares.  and all dividends are your profit.

sell

in thinking more we could auction off both machines set a minimum at 8btc run the model like this auction


https://bitcointalk.org/index.php?topic=344948.0    if we got 10btc for each machine  which is possible..  


 that is about 20btc at 950 usd or 19000.  plus all the dividends.  

and bob could still host to the winner of the auction until either the winner came to pick it up had it shipped off or told bob keep hosting.


selling 2 machines at auction on this site could net  us 19.5k     or 97.50 usd a share we paid in 79 usd a share IIRC.


  not counting all the btc  we already got plus the btc due to us.  on the 30th of nov.  (about 11btc for the 2 buys and growing)

  if the auctions did well we may get 12 or 13 btc for each one  that is 25btc  and 11btc for the dividends = 36btc or near 36000  across both buys comes to 180 usd a share.

plus whatever we got on the oct 15 oct 30 nov 15 payments.  

My dad was a compulsive gambler   he bet all he had all the time.  He used to tell me  whenever you have a chance to have a certain winner always do it.
 

   The idea of converting this buy into close to 36000 usd   with the sale of the 2 machines and the upcoming dividends really appeals to me. Quite a bit.
I already cashed all payments as they came so at this point in time for every 100 in I got 102 back.

If the sales above worked I would clear  about 3420 usd. from it.  I have already cashed for 1522 usd   


so that would mean all my income on this = 4942   I paid in 1482  .    that is a good deal.

If you'd like to officially vote for this, please vote publicly or send a PM to thomas_s., -Redacted-, or myself, with the number of shares you own.

For example, via PM:

Subject: R5/R6 vote

Yes, please sell
3 shares R5, 3 shares R6

or publicly:

Keep Mining
3 shares R5, 3 shares R6

We need the voting equivalent of 101 R5/R6 GB shares (out of 200) to sell a Jupiter.

Sell , R5 11 shares.

 sell I have 19 share 10 in r5 and 9 in r6 or

maybe 9 in r5 and 10 in r6      but either way I have 19 shares combined.

  My 1 condition is I would like to try an auction here with BTC only and a minimum bid  say 8tc which is about 8k. this really stops all charge back issues.   Based on the lack of gear and our coop's rep We should get  8btc easy much more base on this auction

https://bitcointalk.org/index.php?topic=344948.0

Yes, please sell
2 shares R6

Can messages be sent to everyone, so they know about this? I didn't know until i was wondering about dividends.

 as a price point  ant miner is selling a non auction right here


https://bitcointalk.org/index.php?topic=348747.0   

they ask 4.25 BTC for a 180 gh machine.   this is a flat price.   seems to me we could list our 1 for 11 BTC  it would be a bargain compared to the 180 gh x 3 = 12.75  for 540 gh for unproved tech.

 while we would be 11 BTC for 550gh proven tech.

Let's take a minute here to define EXACTLY what we are talking about here otherwise a vote is meaningless.
When I first read this thread and voted the above quotes were what I based my vote on,

But with this as an option
I would probably change my vote. Starting at 20 or 25K but then considering 11btc (11K) is half of what I voted on.

In order to make this valid I believe we need to set a price that we sell at, anything less than that and we keep hashing.

Its hard to vote when the target is changing by 50% or more

A vote email was sent out, please voice your concerns about prices here.

If we ebay this, how would funds be distributed?  And how do you protect yourself against chargebacks?

I'm FOR selling as long as it's ridiculously in our favor (like ebay).  

Selling for 11BTC isn't really in our favor.  That's only .055 btc payout per share and we're still .24/share in the red.

As it stands now, I'm holding on my 4 R6 votes until we get more details.

USD would be converted to BTC at current exchange rate at time of funds hitting the bank account, to prevent chargebacks the only thing that can be done would be requiring signature confirmation on delivery.

OK - sounds like we have a short-term opportunity (reduced selling fees) that makes this an even better possibility. So we are comparing selling a Jupiter (two workers in R6, total about 550-600GH/s) that is producing ~1 BTC every 2 days, for ~$20K. If $/BTC rises at approximately the Difficulty rise, it means that we would lose any income past the next 40 days, roughly. Correspondingly, we would capture (eliminate the uncertainty) effectively the next 40 days of income all at once.

Assuming this is a reasonably accurate description of the circumstances, I vote my 37 shares to sell.

Please, anyone, point out any misunderstandings or bad assumptions!

--DickMS

P.S. Does anyone know why the Saturn is offline?

I didn't get an email about this, but I am not complaining.  I put in my 1 share vote as go for it.  :)

as I see it ebay is risky. while I have the 50 max cap on the fees Which is nice . I could be on the hook for 20k on a charge back .  

 an ebay listing would need to be inventive to protect the seller.
  btc is a must transferred to our group btc address and give the goods.  the charge back risk is very high.   If this sold on ebay at 15k

 and everything tanks not good in a month.


read this listing


http://www.ebay.com/itm/KNC-Kncminer-Jupiter-Bitcoin-Miner-550-GH-s-in-Hand-USA-Ships-FedEx-/291022844481?pt=LH_DefaultDomain_0&hash=item43c2503241

If I listed this way and it goes to 16k and 1 btc is 1000 usd we get 16 coins.   if he puts the 16 BTC in the account as directed. and the coop ships it to him.

I am not so sure if he wants to fuck me in 30 days that he can't.  My ebay business has been around a long time I am not so sure I want to put it at risk. for 16BTC vs 11 BTC    since I only get about 10 percent of the sale. I have 19 of the 200 shares.

so of the extra  4 or 5 BTC on ebay .  I would see an extra 400 or 500 bucks.  I do a lot of sales on ebay.  I have a shitload of accounts that could be attacked on a chargeback.

BUT  an auction on this site I like start it at 8btc for 1 machine .  it should go to 10-12 btc. no return risk  and we still have the other machine to mine with.
my thoughts are this is a better way to sell.



       It also means we will be half right and half wrong. 

What I mean by this is either selling both machines or keeping both machines maxes our gain or loss.   an all or nothing concept.

  while keeping one and selling one averages the gain or loss. 

+1 (incidentally, 1 share)

I am concerned with the ebay chargebacks + paypal fees
We could do an auction with min. bid.

We could also host on ebay but ask the user to pay with btc (with escrow)
If we do the two things above I vote with my 10 shares.

  I agree well at least the problem is an upside problem (btc went to the MOON)   rather then an other  type of problem.

After we get the next dividend we will have more house money making decision a bit easier.

 In  a way there are 3 votes  not 2  ..

1)do a safe btc auction on bitcointalk----get 10-12 safe coins   pros no returns con less money

2) do a risky ebay auction  ------------- get 18-21 risky coins  pros more money can't stop a return

3) fuck it just hash man hash------------ the next diff should be under 700 mill  we would earn 5 btc maybe 6 from dec 1 to dec 13

I think that deciding what auction to do should be a separate vote after we vote whether or not to sell or keep hashing.

well they are nice problems, but I am very afraid to sell it on ebay.

  I did a lot of research today and I don't think we can be certain of no charge back  unless we insist on all btc from the buyer.  this auction on ebay seems to be the best way to list it.


http://www.ebay.com/itm/KNC-Kncminer-Jupiter-Bitcoin-Miner-550-GH-s-in-Hand-USA-Ships-FedEx-/291022844481?pt=LH_DefaultDomain_0&hash=item43c2503241


this listing will take paypal and prefers BTC.  so if the winner of this insists on paying with paypal he could.  I am going to create an auction to see if I can force only btc. bear with me .

Good point Phillip

Before I can finalize my vote I need to know what I am voting on, which was the only point I was trying to make.
I'm not opposed to any of the above options, would just like to know which one is being voted on so I can make the best decision.

So I guess the first decision to be made is which auction would we do? Once that is known the vote to keep or sell could be made as we would then know the expected return from the sale.

Are there any other options or possibilities that should be put forward before a decision is made?

would coingig or cryptothrift (or any other bitmit replacement) be a better option?

I think I can force BTC as the only option for an EBAY BUYER.  I am working on this right now. Give me an hour. If this works  I will post.

go to this ebay listing.  see that I kind of force the buyer to use BTC.  make suggestions.
and if some crazy mother fucker buys it right now we are selling it.




http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=151176625724   


 it has to be a buy it now for me to list it with no paypal.  my skrill limits are 15000 so they can't pay it with skrill.  they kind of have to pay in btc.

So theres no way for them to pay with paypal?

correct.  and my skrill account is set at 15k so for them to pay with skrill they would need to wait for it to clear and pay part of it in BTC.  that would mean weeks before they get it.   

the down side is they bid  and we accept and they never pay.  that would cost use 50-250 usd not sure if the 50 dollar fee deal works if the buyer never pays.


We could list it for a more normal number of 24,000.00 and accept an offer of 20,000 plus .  I hold the btc until it is shipped then distribute it.
 I can provide id to dz for full vetting.

There shouldn't be any fee if the item is not paid for, you simply open a ticket saying that the item wasn't paid.

If price will be good (roi in btc), sell
If not, keep.

10% of r5 jupiter here

yeah you would be right but I am not so sure as I just set up the skrill account today.   If you want to list it since you handled all the btc you need to setup a skrill account .. they need
a:ssn
b:cc
c: bank account  

they set your limit at 15k in or out,   so if we sell this for say 20k on a best offer the buyer must pay with BTC.  

This gets rid of the chargeback issue.  So if you want to look up on your ebay if you can do a skrill for payments check it out.

oh the listing  must be buy it now.  I put in a best offer  option. Since it helps a buyer decide.  If we list this at 24 or 25 k and take 20 k or more this seems like it should be  safe for us.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=151176625724&ssPageName=STRK:MESE:IT

 the listing I slapped together  but the key part is this:




Payments:
Skrill,  Pay on pickup  | See details
Returns:
No returns or exchanges, but item is covered by eBay Buyer Protection.
Guarantee:
  | Learn more
Get the item you ordered or get your money back.


and this

Payment:
Paying via bitcoin is prefered.  Bitcoin to USD rate will be determined by Coinbase sell price at close of auction. If I do not receive payment in 48 hours I will award to the next highest bidder.   I will provide wallet address to the winner.  I will not ship until payment clears SKRILL. So if you choose SKRILL there will be a long delay. weeks.  If you pay with BTC shipping will be the next business day.

well I just got a 8300 offer  on the listing.  I am going to pull it down in a few hours as I do not want some one to buy it before we have fully voted.

8300 would be too low.

and we just were offered 23000.  soo I am shutting the test ad down since somebody may buy the fucking thing at the 32000 asking price.

the offer history.  I am going to be gone for a few days I ended the listing as I feared someone would pay the 32222 asking price is I left it up!


http://img30.imageshack.us/img30/3176/7e4a.png




and the ad



http://img33.imageshack.us/img33/2040/0x8u.png

So getting 20 k with out a charge back seems possible.    BTC payment can be forced or the buyer needs to wait for weeks for the gear.




the full cancelled ad is here

http://www.ebay.com/itm/KNC-Kncminer-Jupiter-Bitcoin-Miner-550-GH-s-in-Hand-USA-Ships-FedEx-/151176625724?ssPageName=STRK:MESE:IT




 

BTW


BTC is over 1005 at coinbase.


https://coinbase.com/charts


Oh I don't beg but I spent a lot of time trying to figure out a chargeback free ebay sale today. 

the item needs to be

a) over 15000 usd
b) you need a skrill account
c) must be Buy it now  and it helps to have best offer
d)  you are allowed to offer BTC as preferred payment  and one electronic payment in this case skrill.   my skrill account is capped at 15 k .

so if I sell over 15k with skrill i would need 2 payments with a long delay in between.  thus any normal buyer would pay in BTC  which stops chargebacks.

tips please

1Fo2K52Rz7LZw9fcF5BDdDBjfNaViQ8J3x


this will help our selloff of gear in the future.  even if we wait on this one.

BTW, I've got *great* relations with Coingig if we felt like listing it there.

I helped the admins uncover a couple of scams there, and I'm a fan of their setup and site.

==

Also: I like the suggestion of doing a separate vote for sale method.

I'll mod the poll and reset voting.

Please don't forget to check your email if you'd like to vote. 

Thanks.

We should take the 23k and roll it directly into 2 Neptunes

I'm in this for the mining, but if we can get 100% or close to 100% (or rather 0%) ROI in BTC today, I say do it, so I voted as such.

Honestly, could we simply rely on the email poll that was sent out, and then decide WHERE to sell it? I agree that we should sell it, but until we get more info on what is better (Coingig vs Ebay), the most important thing that we should be discussing is whether to go through the motions to sell it or to keep mining.

If we could sell it for $30k+ I am voting for to sell it on ebay (or somewhere else :) ). Voting for my 11 shares in R5

as a quick aside.  diff is set to move up late fri the 29th.    It looks like  the jump will be around 609 to 711 about 16%.  if that is true  the knc earns about  .39 coins a day.

.39 coins a day from the 30th to the 11th  would be about 4.8 coins.   or about 5k  .  based on the test listing we could get 22k.  I am thinking we have to sell one.
 

   Whether on ebay with the skrill-BTC pay option  or on another site. 

+1 I change my vote above for 11 shares in R5

So as I approximately calculated the votes, there is around 50% of R5 for selling :) (plus some more votes from R6) :)

Please check your emails that you gave when you purchased a vote link was given.

I did not received any email.

If you could sell on the upper end of $25k then my vote goes to selling BOTH unit's. 

If you can only sell for just a 'modest' $15k - ~$22k (other words not selling it on e-bay) and keep the other hashing.

I've PMed you as I might be able to help with regards to escrow.

Sell Both If $22k+ | Sell Just One If < $22k |
6 Shares R5 | 4 Shares R6

Just got back from a 200 mile round trip to do Turkey Day.  To all USA people happy T Day one day late.  To all none USA people we have a lot to be thankful for if we are in on buys r5-r6

Diff will change in 1 hour  looks to be at 705 mill just under 16%.  so our 550gh knc will earn about .39 btc a day for 11 days.   coin base is at 1100 usd.

so 11 days x .39 =  4.29 coins x 1100 = 4729 usd.   my feelings are this.  we have 2x machines ..   we are really far ahead.  I do not want an all or nothing mentally .

  
1)sell both = we are really smart if coins drop  and dumb if coins go up    the downside is coins got to 10000usd.  the upside is if coins go to 100usd

 

2)keep both = we are really smart if coins go up and dumb if coins drop   the downside is coins drop to 100usd.  the upside is if coins go to 10000 usd.



3)sell one  and keep one   ======  I want to do this.    if we get 25k or more  for the one.  we will be half right and half wrong.  but still make a lot of cash.  so this is my pick


I figure  for number  1 if we  sell 2 at 50k  it  sounds good and if coins do 10000 a coin  we lose a chance to make serious money.

I figure for number 2  if we sell none    and coins drop to 100 a coin  we lose close to 50k

I figure for number 3  if we split the baby  we get 25k for sure  and at 100 a coin we do meh  but at 10000 a coin we still have 1 machine.

 So I like selling one and keeping one.

I would sell both.

Holding both knc's  smacks of greed  and I really do not want to hold both.  to me holding both is the only way to lose a good score.
 

Well, since it's clear that the majority of people who responded to the poll here want to sell, perhaps we should make a new poll asking where to sell, and how many to sell? I'm personally in favor of selling at least one, however I would be OK with selling both of them.

I agree with the above.

First     choice sell one for around 25k and hold the other

Second choice sell both for around 50 k.


And the adjustment has happened.. 707.4 mill up from 609.5  about 15.6%

 :)

Yeah the chance to sell a knc at 20K + will not last a long time.   Unless coins go up to the moon.  hash fast  may really come out with gear. ant miner may mass produce. BTC may drop to 200 usd.

fun times for the next few weeks.

Perhaps DZ or another coop head could create a Google survey? I would like to get the ball rolling on this ASAP. I could potentially create it and then give the link to a coop head so they could send it out in a survey.

Without 100% vote selling cannot proceed , even 80% vote is not enough.

okay not quite sure about the math.  r5 + r6 = 200 shares……. 80 percent of 200 shares is 160.     so if 101 of the 160 shares want to sell.  that makes for 101 out of 200 or 101 to 99.  That would be more then half the shares .

When is the next dividend day please? (I am not sure, if it is bi-weekly ot twice in a month :) ). Thanks

1st and 15th, so tomorrow.

coins dropped from 1152 to 998.   the window for a 25k sale may be done with.

OK - here is the R5 and R6 December 1st payout info.   The coins will be winging their way to your wallets shortly :)

In USD terms, the R5 and R6 machines are still generating $15,000 worth of BTC every two weeks - they should remain profitable for at least another 6-8 weeks..


 https://i.imgur.com/2wXHZ1I.jpg

So, can we come to a conclusion as to where we want to sell the miners? I'm thinking that we should avoid Ebay due to Paypal.

24 Hour BTC | 0.46291900 

I still dont get it why we need to sell for another 16 days , Cointera & Hashfast have not delivered any thing yet.

At this rate, BFL will be the next company to ship something.

 :D

the argument for selling 1 and keeping 1 is based not on difficulty but on BTC price.    If the BTC drops to 100 usd like it was in sept we really fucked up  if we keep both machines.  As always  I am in the sell one and keep one camp.  thus leveling the price risk somewhat.

  I do agree that diff will be flat for 8 or 9 days.  But the nov KNC have shipped a  bit and ant miner is ramping up  30 x 180 plus 30 x 180 plus 120 x 180 is 180 x 180 is only 32th knc's nov gear is about 600th  .  so that is 632th or 10%.

   I think we jump 20%  from 707 to 850 diff.

  This will make the sell value on the knc drop so If we sell one we lower that risk.  Hey I made a profit so whatever people want is cool.  But there are downsides to just mining. As long as you are aware of the downsides  of just mining I am fine with you picking that over selling one of two.

the latest listings show the the 25k price point is no longer around.   we had an offer for 23k right now ebay would be 17 or 18k.

http://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1313.TR0.TRC0.Xknc+miner&_nkw=knc+miner&_sacat=0&_from=R40


people saw the price of btc go all over the place on sunday and now are afraid to buy a machine at 25k.  hey don't worry in a day or two the btc price could go up  to 1500usd and the knc price on ebay could go to 30,000.  just remember this is a winning group buy and be happy

BTC will probably be around 2k end of this week begining of next

Where do you get that idea. This seems like a nice spot for a 90 day or so plateau. In my clueless opinion anyway.

Internal sources that we are currently testing. (Hasn't been wrong the past month so I'm not thinking this info is wrong)

Internal sources that you're testing? Are they androids with the ability to predict the future?

Highly possible ;)

Skynet?  Yikes! :)

Or has the almighty Satoshi has selected this coop for His wisdom. ;)

 this is a quote from me on r9-r10-r11-r12

https://bitcointalk.org/index.php?topic=328996.new#new
philipma1957
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Re: Black Arrow R9-12 threads, DZ Miners Co-op. Plz move ?s and discussion here.
Today at 01:43:48 AM
Reply with quote  Edit message  Delete message  #121
As I have r5+r6   and r9-r10-r11-r12   I am very happy with dZcoop.  


 If I may say I am USA based and I pay taxes.  SO btc roi means 0 to me .    When I pay my taxes in APRIL next year.   This purchase made roi. and a usd profit.


 To all that believe in BTC roi fine you can do this.  But in most countries btc is translated to the fiat of that country in order to determine gain.  

 I purchased 11 shares here at 123 usd each a total of 1353  if selling this gear off gets us 180 a share I get 180 x 11 = 1980 usd

my usa taxes would be 1980usd  plus the coins paid to me prior 1.09098806 cashed in on  nov 14 for 450 usd and 1.12229538 cashed in for 1122.29 a grand  total of :



 3552 income against  123 a share x 11 or 1353  this comes to a net of 2199 usd……  So I would be fine with cashing out my chips.  this gear has been harder to run so lets get rid of it.

   My vote is sell  it all.  r9-r10-r11-r12.      my vote for r5+ r6 remains sell 1 keep 1.

Report to moderator  
https://cex.io/r/1/philipma1957/0/




We are talking sell on buy r9-10-11-12.  


    I voted a full sale there due to the gear being a bit flakey compared to the KNC in this buy.  My vote here is sell one and keep one.      I wish all my investments had these problems. LOL

Will there be a group buy (or rather, group funding) so we can get some of the profits from selling these bad boys?  ;D

Not heard any news on that happening yet from a close , inside source at BFL 

Till we are making BTC without being in loss I dont see the point to sell , if BTC goes to 1800$ tomorrow & difficulty it still bearable for us , then it further reduces our chances of selling , why throw away our cash cow ...ehh mm ... i mean miner. Easy & simple way of going forward.   

it is why  I don't fully disagree with you .  my keep 1 sell 1 would be half right and half wrong.

 your keep both would be all right or all wrong..  on the all right side it could be a lot of money.  and if coins spike up to 2000 people would pay 35k for a knc.

  also the knc run better then the black arrows.  so keeping them is not a terrible idea.

Lets hold till 16/12/13 & not every body here has got shares in both r5 & r6 so I hope you understand every ones perspective as well  :)

That's amazing that in USD ROI terms, just this half month almost generated more per share than we paid for 1 share, thanks to Bitcoin's rise in value, and thanks to other manufacturers not shipping miners yet.

The majority voted to sell this miner and we will if that's what the majority want.

We could probably get $18K-ish for it. For the sake of simple math: Assuming each miner makes $15K each month, that $18K only represents about 5-6 weeks worth of mining at current BTC values.

Shall we still sell or revisit this in a few weeks?

I dont understand, why almost everybody calculate with bitcoin price. The price (mainly increase) wont affect us, if we sell it or not. The only thing that matter is difficulty. If we sell it and difficulty goes down, then we made mistake (highly unprobable). We can mine around 12-17 BTC this year and about 23-40 BTC at all. So if we sold it at $28k, we could earn about 28 BTC now! Thats almost the same amount we can mine next year. Again, the price of BTC affect us only, if it goes down. But when we have our bitcoins in hand, we can decide, if we want to hold them or sell them. Not with BTC which will be mined in two, three months. :)

I think we should hold for one more round of dividend payment on 16/12/13 & then sell these units because bitcoin difficulty is not going go up drastically up in 15 days from now even if Cointera & hashfast start to ship.. which seems very unlikely :)

Edit just found out that BFL Monarchs are going to hit difficulty hard in about ~4 weeks time , lets sell these asap !!!!

 comment delete

4 weeks will be 4 months if you were one of the first to order. I would take that one with a grain of salt.

Personally I think we should sell and lock in the guaranteed BTC. Now, if we could mine for 2 more weeks and then sell, I would be OK with that, but then sell for sure.

Does every one agree on this.

Please see the following poll, it shouldn't take more than 5 minutes to complete and should give us a better understanding of how everyone feels, stats will be posted after most people are accounted for (hopefully around 48 hours) the only thing that won't be posted is the username of the submitter.

https://docs.google.com/forms/d/1_iqnJiTeBKraN0mRw533EjsPWlGI2WPYoLgO9gppXlM/viewform

Left my personal feelings on the poll.  I would be happy to sell both of my r5 shares (if we netted 20k+ per machine) and roll over the money into R17 for hopefully more hashrate come February.

I vote hash as the price for these machines tanked.

http://www.ebay.com/itm/Bitcoin-KNC-Miner-Kncminer-Jupiter-565-GH-s-in-hand-/301036155625?pt=LH_DefaultDomain_0&hash=item46172732e9

http://www.ebay.com/itm/KNC-Miner-Kncminer-Jupiter-Bitcoin-Miner-550-GH-s-IN-HAND-USA-1-/231108606134?pt=LH_DefaultDomain_0&hash=item35cf2578b6


we had a 23k offer on the table  with no paypal.  the two above are under that and allow paypal.


Lets hope for the best.  BTC to the moon

Philip, if we can still somehow get that price, I suppose we should go for it.

For now: I've listed it on our site as used at $22K, if anyone wants to pay the "Buy It Now" price I have listed there: http://www.dzminercoop.com/?p=1150

This price is approx. 3x the USD value of miner we paid for alone, let alone the miner payouts we've already received. Will also list it on the Auctions or Sales forum now too, starting at $18K.

Auction listing if you know anyone looking for a KnC Jupiter.

https://bitcointalk.org/index.php?topic=363795.0

Where else should we list (sans PayPal payment)?

Hate BFL so much, they FINALLY sent me my piddly little single and I had NO CHOICE but to pay the $250 custom's and brokerage cuz it came to Canada.  If I refused delivery BFL woulda just taken the unit back and given me no refund and i'd be boned.  But fortunately there are crazy and foolish people out there lol.  

I listed it on e-bay and my BFL LS sold for $2300, like .... wow there are some very under informed people out there, but if they want to give me their money they're cool in my books.

Anyways, what the heck is going on here.  We had a TINY window to decide to sell one or both on e-bay and now they sell on there for a fraction of what this idea was, no more $22k Jupiter's.

Why do we need a UNANIMOUS vote when several of the investor's in the R5/R6 program's are never going to vote because they invested just to get a bi-weekly payout and not have to proceed with any further communication's with you guy's, they just did it for the payout.  

I know this cuz I was going to be one such person, I didn't care what e-mail's/forum post's etc. were posted about the R5/R6 project, I just wanted to see some BTC sent to my wallet every other week until the 6 month mark.

Now the price of BTC tanked 50% in one day, and managed to grow back up to around $900,this is still a huge drop.  If the Winklevoss Brother's decide to liquidate their Venture Capital in BTC the entire value of BTC could crumble to nothing and you can't sell these Jupiter's for those crazy $2x,000 that you only had a small window to do so.  There's an overwhelming 58.6% of people who voted on the poll voting to sell one (or possibly both) unit's on e-bay, so why are we still waiting as our options reduce in what we'll get in return every single day.

When BFL fucks everyone again and their Monarch's start pushing the difficulty up at a fast pace the nearly 1 BTC payout's I was receiving based on my investment are gonna drop to like one bitcent.  The last two payout's alone went from about 0.75 BTC to 0.44 BTC.

It's clear that the value of KnC's Jupiter's to contribute to the total hashing rate on the network is going to go down rapidly with Monarch's, Neptune's, etc.  Which are either already shipping or just weeks away from it.

Why haven't you kept any of us updated, i've been looking for weeks now day after day for you to announce the decision you've made.  I gather from reading through difficult to find information that you're , selling one (or both I don't know, you never mentioned) that you've got one (or both) listed for sale on here .... for $22k ?!?!

I don't know how out of date this information is cuz as I said i've not been updated at all, and even after offering you an escrow service though -R- did msg me he forwarded it to the GB coordinators, it's been a WEEK and i've heard nothing. (thank you -R-, you're like one of the few whose actually given me any sort of information as time goes on).  A week is like an eternity right now, companies are Industrializing bitcoin mining and every single day the total network hashrate is growing fast, and who every thought that BTC would stay at $1500?  It's slid to under a grand already in just a matter of a few day's.

You'll never sell those Jupiter's for $22k, on here or on e-bay, so what is this group buy going to do?  Are we going to just keep hashing at an exponentially reduced rate of BTC generation?  I look forward to my 0.04 BTC next payout (SARCASM), but just want to know what the hell is this GB/project going to do?

I also need you to tell me if you want my help in offering the escrow service of a business i'm a member of or not?  It could let you list it in several other online market's (that would only otherwise accept PayPal).  If you don't then please just tell me because i'm only holding my account there for the purpose of helping you and want to sell that account if you guy's don't want/need the use of a secure escrow (Tor based).

I'm sorry to sound so rude/angry, but i'm frustrated and upset because no one is telling me shit and I dropped nearly a grand on this group buy to who are all stranger's to me and I want, no NEED to know what the hell you're going to do?  

Are you selling 1, selling 2, gonna keep hashing with 1 or 2 of the Jupiter's?  Where are you selling them?  Do you even think they'll sell at the price your asking? Do you want escrow so you have more marketplaces to sell them on (legal marketplaces!) ?  Is it even worthwhile to sell them since you just sat on your hands in the very short window where the unit's could have been sold for a lot of money on e-bay (I only see a handful of listing's now and most are for about  $7500, I only see one listing that's up to $15k (lucky guy).  The price of BTC has slid already back down to ~$900.

If you already have made a decision then why haven't you told the investor's?  (or maybe you did, but you didn't tell me anything or post in here anything of relevance).  I don't want BTC 3 weeks from now (from a unit sale if you did decide to sell them), it's value as far as i'm concerned is not congruent with waiting weeks on end and being totally in the dark.

All i've gathered is that you've had two offer's for $23k each, but on e-bay and I don't know when that was.  I will gladly give you my account (but want my $400 it cost to get the account :P) on a service that only accept's BTC and uses a legitimate escrow service if either of those offerer's are willing to buy the unit's with BTC.  Yes it's on the 'dark net .. undernet ... whatever you want to call it, the majority of what we call the internet!'  I won't lie, it's a business that sell's contraband, hence the undernet and need for BTC payment only, but it has no CP (o god if I ever saw CP i'd throw up on my computer) and sells a variety of goods.  All i'd need do (or you as i'd be giving you the account login and password and the account would be yours ... so I can't intervene or whatever) is create a CUSTOM listing with no information in it (to keep the contraband side away from the ... need to sell Jupiter's side) and have one of those potential user's buy the listing, only caveat is the only form of payment is BTC.  Ship tracked and the site's coordinator's will ensure his BTC are released from escrow to you (i've made hundreds of sales, i'm absolutely confident and certain your money will be released from escrow to you).

I honestly don't care if you want to use an escrow service or not, i'm just describing that I can help, and since nobody knows how to GPG encrypt me a msg (my pub key is at bottom if you change your mind) I have to explain all this out in plaintext blah.

All I care to know is ... what are you guys doing RIGHT NOW (not what your plans are) regarding the R5/R6 GB?  One day can destroy all your plan's, you can't be waiting when all this hardware is popping up that pushes out multi THash/s.  I just want to know what today, December 9 your decision has been and what you ARE doing right now, not what you WILL be doing?

J

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  The world of btc moves very fast.  the chance to sell at crazy high numbers is gone.  we should mine  and hope for a btc rally .   I for one did not vote to sell machines at lower then 18k.  right now buyers willing to spend 18k are gone the buyers willing to spend 23k are long gone. I posted a legal solve to force obeyers to pay us in btc and I posted the offer given at 23k.  I mentioned holding both machines gave us no protection against a drop in btc.

 Well the drop in btc price  happened and diff will jump 25-30%.   machines list for under 15k on ebay


http://www.ebay.com/itm/KNC-Kncminer-Jupiter-Bitcoin-Miner-550-GH-s-IN-HAND-USA-/131063021242?pt=LH_DefaultDomain_0&hash=item1e83f6feba

http://www.ebay.com/itm/550-GHs-KnC-Jupiter-Bitcoin-ASIC-Miner-In-Hand-USA-/181276475470?pt=LH_DefaultDomain_0&hash=item2a34eb804e


http://www.ebay.com/itm/KNC-Kncminer-Jupiter-Bitcoin-Miner-550-GH-s-IN-HAND-USA-Ships-FedEx-/291030988674?pt=LH_DefaultDomain_0&hash=item43c2cc7782

so listing at 18k on this site is not going to work.  selling window is gone.  it could open if btc goes up again.

Since this buy made money for me and involves many people I knew that proper investment strategy  would not be done if put to a vote.  Basically same is happening with r9 -r12  a large amount of people know one thing I must roi in btc.
 That is death for proper investing as it creates no flexibility and cuts off huge options.

 But be happy this r5-r6 made you money and can still make more money and if btc jumps to 1.5k or 2k on the 15th of dec all the people that said hash hashes  no sale will be the clever ones.
            oh I do not need to sell in a gray market under the table sale.

Okay coming up on a btc payout.. the two rigs are at the 8.5 btc mark on the 14 of dec.  plus NMC  which I do not know how many of them. 8.5 /200 equals

.0425 btc a share.    we may earn .5 btc more and we may cash some nmc out.     so the .0425 btc a share should be close to what we get on sunday.

 I have 19 shares or about  .8 btc for my shares.  All quick estimates but close.

https://blockchain.info/address/13fGQGmb6Xi576ppJTkeXk34yDDRmvxjm4
https://blockchain.info/address/19NAwha8LGpRFEBwRgjH5ZMB9YyXeqyY9V

 our 2 wallets.


edit  we have 9 coins now  so   If expenses are .5  8.5 will be paid out and shares will be .0425 each

Well, here are the official numbers for you - payouts turned out to be just a tiny bit more than your calculated .042  I usually do the namecoin sale for the last payout of the month, so those will be added into the next (Dec 31st) payout.

Payouts - to be distributed shortly:

https://i.imgur.com/7Uzw6gZ.jpg

yeah it just a rough number.  (.0425 btc a share on my part) actual .04611


 comes in nice for christmas shopping.  and my 19 x .04611 just came in  .87609 btc

24 HOUR BTC 0.25006600

Hope you don't mind - Like any good shopkeeper with a product that hasn't moved: I've changed the site price to $18K BTC Buy it Now price on our site for one of the R5/R6 miners.

==

Also, I'm sorry master of digits, but I didn't see your Dec. 9 msg. and I apologize that one of the other co-op leaders didn't cover this. No excuse, but there's about 50+ threads I've started or been a major part of, I have about 90 pages of PMs, and we get hundreds of site support tickets because BTC mining interest has taken off. It's no excuse, but honestly, shit happens. I've also been super busy meeting investors and company founders, on top of my day job to get you guys these deals.

An important note: we didn't need a unanimous decision but a majority decision, which we did get. When we did have a majority vote I listed this on the auctions forum, our site, and authorized philipma1957 (and any other co-op member with high ebay ratings) to list this on ebay *if* they could set it up in such a way that we don't get screwed by PayPal.

Democracy can move slowly sometimes but I'll tell you about the difficult balancing act that I, personally, have to walk as one of the co-op leader/founders. Even I can't move quickly in some things, when it comes to dealing with other people's BTC or hardware.

In a democracy, not everyone is going to be happy all of the time. We *really*, *really* needed to make sure that we wouldn't get screwed over by a PayPal chargeback, which is the avenue which would've yielded the highest price...at the highest risk.

How would you feel if ebay/PayPal seized $26K of *your* funds for half a year because some person did an illegal chargeback on their PayPal shares that they purchased from -R-? He was doing this at no extra fee (sometimes even eating some of the Tx costs, without even charging any fees for his below cost GB shares, and that's how he gets re-paid. Lovely  ::)

One person ruined this payment method for everyone else and pissed off all of the co-op leaders to not want to do future business with ebay. I say it was an illegal chargeback because the scammer got *exactly* what was promised, it was delivered at below cost, made a profit off this, and anonymously is *still* receiving payouts! Yes, that still sticks in our collective craw, and this most accessible escrow/sales method is something we're not fond of with their high fees.

If there was an ebay chargeback, guess who would be footing the bill? It wouldn't be the co-op members that have already been paid out, that's for sure...

==

As for true escrow: we'd love to team up with escrow pros. True escrow with licensing and bonding requirements is an expensive proposition.

I wouldn't even complain if you went as low as 8-12k with current BTC prices/difficulty.

Thanks for your input mootinator! BTW: I finally got around to sending you trust just now.  :D   :P ;)

Cheers!

yeah 10k works or even 8k in btc works (must be sent out to us quickly)

the paypal /ebay thing  was so fast I am not sure we ever really could have made that deal come together.

 but I am still able to do ebay with skrill payments and no paypal - ebay.  I am also allowed to say any item over 15k takes 90 days to clear and will be a 90 day delay.  thus I prefer BTC .  but selling 1 knc is not going to be a 15k sale.  we need a dZcoop member to set up a skrill account for ebay.  fast payment with skrill is under 15k .  it would be  a good tool for the coop to have. if we ever want to drop the hammer on a big ebay sale and force payment in btc.

No news on anyone contacting us to buy our miner at the co-op site. A cross listing on an eBay listing by a vet member that doesn't mind PP could be useful.   :D

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!

Merry Christmas everyone! 

WORKER 1 HASH RATE       0 Gh/s
WORKER 2 HASH RATE       280.986 Gh/s

Bobsag3 just restarted that miner but apparently on the web interface that worker is hashing properly.

I just remoted into the boxes... both still happily hashing away. Rebooted them both just in case.

Good to know you are watching :)

.13 BTC in 24 hours
still worker 1 is down :(
or it's just website shows wrong info?

I can remote into both boxes, and they are still hashing. It must be the moniter.

No BTC sent from pool to R5 wallet on 27th!

https://blockchain.info/address/19NAwha8LGpRFEBwRgjH5ZMB9YyXeqyY9V

Were aware of this, the jupiters are showing that they are hashing and submitting shares but they don't seem to be getting accepted. (by accepted I mean btcguild isn't recognizing them, the jupiters page shows that they are)

well what is the story? been over a day since this has happened and both addresses have a new thing so to speak

   they both have this note=  (Eleuthria ) 


https://blockchain.info/address/19NAwha8LGpRFEBwRgjH5ZMB9YyXeqyY9V


https://blockchain.info/address/13fGQGmb6Xi576ppJTkeXk34yDDRmvxjm4

I have no idea.
Im sitting nex to them... and they are hashing. We may need to swap pools, but im going to shut them off and cold booth them so see if that helps.

A bunch of the bigger hashrate accounts on BTCguild got overpaid yesterday so the balances were set to a negative number and the miners had to mine their way out of a deficit. https://bitcointalk.org/index.php?topic=49417.msg4206229#msg4206229 (https://bitcointalk.org/index.php?topic=49417.msg4206229#msg4206229).  My account is paying back positive now. We were also in a time of not so good luck on the pool.  This may or may not be all of the problem with these, but I would bet it would explain some of it.

Regards,

Guys/Gals: bobsag3 had to take the miners down for 12-18 hours. It could be as many as 24-28 hours, but should be in the lower range.

I'm sorry, I'm apologizing now on behalf of the team. We were planning for an early Jan. move but plans became accelerated and we're moving to the bigger/better location right now.

We'll have word of some compensation worked out with Miner Hosting LLC once they're back online. On the bright side...we're going to have much more capacity and pro employees that are miners and/or IT experts manning the new facility.

hey read this


https://bitcointalk.org/index.php?topic=392166.0 

  this smells like a theft to me.

Redacted, time to sell NMC.. .007

Yep.  Namecoin balance sold for .2838 BTC.   

Here's the payout info for this payout - I'm starting to send them out right now.

https://i.imgur.com/bGgPU9F.png

Thanks!

Happy New Year!

Are miners still off line ? 

R5 wallet shows no new BTC coming in ?

Lets not miss the opportunity to break even in BTC

 what has happened to r5 and r6  . I know we had a move but they have not hashed for a while.


http://www.dzminercoop.com/?page_id=124
http://www.dzminercoop.com/?page_id=135

https://blockchain.info/address/19NAwha8LGpRFEBwRgjH5ZMB9YyXeqyY9V
https://blockchain.info/address/13fGQGmb6Xi576ppJTkeXk34yDDRmvxjm4

these machines have earned  only .5 btc each =1 btc total from dec 26 to  Jan 4th.    the diff was 1180 most of that time.  we should have hashed at about 1100gh.

on the jan 2 ,3, 4  days diff was  1418  we should have earned about .39 btc a day or 1.17btc
on the dec 27 ,28,29,30,31  diff was 1180 we should have earned about .47 a day or  2.35 btc  

  that is 3.52 btc  we earned  1.03   so this is 2.49 btc short. for the 2 machines  and we are still offline.

so for my 19 shares or 9.5% a 2.49 btc short fall is about .23655 btc  for 1 share it is about .01245 btc

Can we please have an update on this situation please DZ folks ??

yeah what is up?


and did this thread mean our gear was fucked with?


https://bitcointalk.org/index.php?topic=392166.0 


  the timing of this thread matches our r5+r6 issues.  this btc number is adding up it is at 2.5 btc are we becoming a r9-r12 problem?

No the gear wasn't messed with, it seems that for some reason some of the KNC Jupiters are refusing to submit shares to the pools, they are being worked on one by one to find out what the problem is. Its one of those there on, they are showing that they are hashing but actually aren't.

well thomas as I  read that thread. it  sounds like our gear was fucked with.   the op even mentions that a knc machine owner would be unable to get credit for hashing.

 Now I am not saying the op did this to us.  And I managed to really piss a lot of people off on that thread.  but it looks like either he hacked us or someone else did a hack to our gear.

All of the miners have been behind routers and used passwords, problem is until knc releases some sort of fix there isn't anything we can do if this is the problem.

yeah and the op of that thread says routers and passwords should be good enough to prevent a hack.  he also says if you have been hacked the gear hashes and you get no credit.

  (sounds like us)


  a suggestion for r15+ r16 use a crazy long hard password to protect those machines.

other rounds are hashing r5-r6 is dead
any updates?

problems w/ jupiters and ip addresses, there slowly coming back now

R5_1 is running... R_2 won't start hashing, just sits at "Stopped" under the mining info. Working on it now.

they appear to be working thanks bob.

After the move and everything is working well, have we considered OC?

https://bitcointalk.org/index.php?topic=313978.0

As it seems that both machines are  not running just 1 of 2.

http://www.dzminercoop.com/?page_id=124   round 5

http://www.dzminercoop.com/?page_id=135   round 6

now  i am more confused. please look at side by side screen shots.

should not the hash be split 50-50

the charts show a 100 -0  and a 50 -50  for me it is not a big deal as I have 10 shares in round 5 and 9 shares in round 6 ,  but if you only have r6  you are getting 0 from 1 machine and 50% from the other machine.  while if you are only in r5  you are getting 100% from 1 machine and 50% from the other.


http://img812.imageshack.us/img812/9999/2kne.png

 :)

not sure.

they always did 50 50 with each machine so that always kept r5= to r6.

well i am sure they will get it fixed

Looks llike past 15 days payout is not looking good is it ?  What say DZ folks , how & what do you plan to do ?

If you check now both are well over 600 even though they are being split in half (worker_1)

Again THERE IS NO REASON TO WATCH THE APP ON THE SITE ITS NOT REPORTING PROPERLY

thanks it did appear to be wrong and the two btc addresses are collecting cash/btc

question we are still listing a miner on dz coop at 15k


 http://www.dzminercoop.com/?product=r5-r6-knc-jupiter-used-550ghs-ultra-cheap-hosting-available-authorized-buy-it-now-price


lets change that to 8-10 k. on the 16th of jan.

based on this price below

http://www.ebay.com/itm/KnC-Jupiter-Miner-550-GH-s-In-Hand-/331099110660?pt=LH_DefaultDomain_0&hash=item4d170b7d04

also 3 antminer s-1 = our miners 540gh  or so 3 s-1 = 9.45 btc or about 7700usd

seems to me asking 15k is too high.

and when will the payment system work?

Well, here's the current payout for January 15th.  These should be hitting your wallets shortly - I have some transfers to deal with first before sending anything out.

https://i.imgur.com/QEIFz5z.jpg

-R-

good to know  thanks

Can you post transaction id when you have time?
Thanks

No way to look at beautiful Jupiters hashing  ???

zeros on both rounds..

http://www.crypto-ops.com/?page_id=135

r6 is still down, earning zero
or are you finish with Jupiters and dont care about it? -18% to break even
too many GBs to handle

The Jupiter in r6 is acting like the one in 15/16 was...it just doesn't want to hash its been rebooted multiple times today half the time it doesn't even appear on the network

The fix for r15/16's was it just started by itself

Is somebody from the the groupbuy going to #btcmiami?

3 people are going if you are visit the cryptmint booth
WWW.cryptmint. com

cool!

not to yell or complain or shout but the original terms for buy 5+6 are guaranteed hash.
 so one machine is now about .75 btc the other is about 1.5btc since  the payout on the  15th.  

so that is a  .75btc shortfall    the shortfall that happen due to the move was about 2-2.5 coins  so the 5+ 6  rounds are short 2.75 to 3.25 coins.


I made a lot of fiat on this pair of rounds.   But this is an older buy and the coop lacks protection in the terms written.  it is only a small short fall but the round 9 -12 shortfall is bigger more like 15-18btc  and even though I don't keep track rounds 15+16 have a shortfall maybe 7 btc.   All of these were written up in such a way that the coop owes that btc.

 In fact the new website has changed terms which was smart and has claimed if gear is broken and the manufacturer does not address the problem the coop is not to blame. this  fair in my opinion  

We do have a problem with at least 3 sets of rounds.  lets say 3 + 20 + 7 = 30 btc that the coop has guaranteed  and not paid.

For me my rounds 5-6 and 9-12 are winners and have turned a usd  profit But many are not happy about 5-6   9-12 and lastly 15-16  

this white elephant has now been addressed for the newer rounds by correctly placing the problem on a manufacturers shoulders which is only fair.
  I do worry about this 'missing' 'unpaid' coins causing us trouble in the furture.  mostly if btc takes off in price.

 30 x 800 = 24000 usd  not that bad.
30 x 5000 = 150,000 usd   a bigger problem.

Note the estimates of 3 btc 20 btc and 7 btc for the rounds 5,6   9-12  15,16 are rough and not exact.

I would like a good solution to these since they cause a weakness in the coop.

 Lets face it  if round 17 has a 20% shortfall like rounds 9-12 have had at times people will be very angry.   The way I read rounds 17 is the coop is protected from legal action better then rounds 5,6  9-12 and 15,16.  So  my thoughts are a round 17 fuck up of 20% may cause people to attack the coop over rounds 5,6 9-12 15,16.    Basically because they are an easier target.

   For me I am cool since I made fiat on my shares in 5,6  and 9-12.
 So if rounds 17 are 'bad'  I am not running to  a courtroom.  
 I just feel that simply saying:  the coop will fix these early rounds because it is smart to do so.

I also feel round 17 should fully disclose that if the gear is shit and black arrow is to blame the coop is not on the hook. I would sign off to that clause on  17 with  no worries at all.
   But I don't want a mass attack  against the coop for these early 'winner' rounds.  When I read  on rounds 5,6 9-12 and 15,16.  Each and every one of these are fiat winners and a shit load of investors are still pissed off at making fiat and not making btc. I do worry that if round 17 is both a fiat and a btc loser people will be out for blood so to speak.

So what are you doing to fix our miners? Have you checked if they have been hacked? Did a reset? A flash to clean up to date firmware? Whatever?

Round 9-12 actually never had any type of guarantee, they said each share was 1/100th the total hashrate of the machines, which if the bitfury's aren't actually hashing that means 1/100th of 0 = 0.

You were purchasing a percentage of the mining power of the machine / percentage of the machine if a machine fails you own part of it.

For the "how are we trying to fix the miner", the only thing we can do is reboot it right now and send an email to knc, its not even displaying that its on our network that it's plugged directly into. The R15/16 one magically started to work, it wasn't working when we left for the night and it was working when we came in in the morning.

When will KNC answer? Maybe you should try that: http://forum.kncminer.com/forum/main-category/hardware/24281-november-saturn-jupiter-troubleshooting-guide

Edit: I mean in general the SD Card image recovery method. Another link with all the infos you need: http://forum.kncminer.com/forum/main-category/main-forum/11263-urgent-dl-d-the-recovery-file-sd-from-knc-support-now-how-do-i-apply-it-to-my-miner

If you did that, and it still does not work it is hardware related and then you can write a mail to KNC.

Didn't even get a chance to try that...unplugged it / plugged it back in a few times...unplugged it again grabbed a drink plugged it back in and boom there it was.

Very nice meeting you guys in person! thanks @bobsag3  and the team for everything you are doing!

It was my pleasure.

R5/6 Update: As mentioned in the R15/16 threads, these Jupiters have been finicky.

I apologize for the inconvenience but Miner Hosting LLC has decided to ship these Jupiters to another vetted miner hosting facility in the US. They will be hosted at a DZMC vetted miner facility, with our 4th vetted miner host at a top notch hosting facility.

At the end of the month: DZMC veteran member thyatis will be taking over the hosting for these Jupiters in Florida. He has prior experience with a variety of different miners.

His setup includes:

- 120V or 220V power
- Triple network redundancy
- APC UPS units capable of 8 hours of backup time for 6 Jupiters
- Gas generators for longer outages
- Dedicated air conditioning for the miners

To compensate DZMC members for downtime during shipping and setup, on hand miners from other mfgs. will be substituted as equivalent hashrate until the Jupiters are up and running again in Florida. BTC earned from this be sent to thyatis, who will be handling payouts after some training, as part of the 1st thru 15th payout.

Please refer questions for miner in Florida. to DZMC vetted Miner Host: thyatis.

Thanks.

EDIT: Thomas will still be handling miner payouts.

Just to clarify:

I will compensate R5-6 for 1.2thash for 36hrs (much longer than it should take to get them up, if it takes longer it will be extended)
R15/16 will get 2.5thash for the same time frame

All 6 units will be UPS Overnighted w/ insurance, with delivery before noon, along with the PSUs.

Also: re: BTC for lost hashrate...

I'm not sure where anyone got the idea where we guaranteed hashrate.

We sold/sell chunks of fractional ownership of industrial class rigs that are frankly ALL experimental pieces of equipment. People may have gotten the mistaken assumption because BTC was offered up for problems in our 1 of a kind R9-12 offering of prototype Black Arrow Bitfury boards. That was a unique situation in that we were too optimistic about their performance and *volunteered* guaranteed hashrate for those experimental GB rounds.

As someone who's spent 11 years in the R&D world, please believe me when I say there isn't a TRL 9 equivalent miner on the market except for 1st gen offerings.

Expecting any of these miners to work 100% of the time is just not realistic at this point in time. They rush them out the door barely working and hope to patch things in software and hope people figure things out on their own without manuals or even company tech support.

If people want guaranteed hashrates: well, that's what mining contracts are for, and they're priced at a premium in order to keep to the agreed upon minimum guaranteed SLA.

Hi Everyone,

As it says up there ^^^^  I am taking over the hosting of these machines.  I am going to aim at making the transition as smoothly as possible.   I have started already preparing the area, and it will have like it says dedicated network, which has triple redundancy.  I have ups power that can handle 6 jupiters for 8 hours straight (if not longer). They will have dedicated cooling.
I have GAS powered generators if electricity is having some major issues.  I have also redundant buildings that I can move too.  My motive is to have as much redundancy in as possible.
I am extremely experienced in Datacenter development and many other IT fields.  I am also consistently active on the forums.
If you would like any more information from me send me a PM.
Thanks
Thyatis

I'm waiting on a share transfer to be finalized before making the 1 February payouts.
11 NMC were sold which added .103 BTC to the R5/R6 wallet.

The R5/R6 wallet currently has 3.583 BTC in it with the addition of the NMC sales - meaning the next payout will be .0179 BTC per share before expenses are subtracted.

-R-

Ok - transfer issue dealt with.   I don't have anything to do with R17 and don't have any shares in it, so I have no idea what problems you are talking about.  

Also - I don't get paid for doing this, so I do it when I can.  It just so happens that I've been dealing with work problems since Friday afternoon and I haven't gotten more than a couple hours sleep between then and now.  Those problems seem to be dealt with finally, so I'm trying to get this done before I crash...

Here are the numbers for the R5/R6 payout - this includes the sale of NMC generated through Friday the 31st, and payments into the R5/R6 wallet that happened yesterday.

I'll be sending these out shortly:

https://i.imgur.com/8vH4Suj.jpg

Thanks, that payment was a nice surprise.

BTC mining is a strange game. The only winning move is not to play. ;D

I think, the delays in all the companies shipping is going to be good for this group buy and also 15/16.  As they will get approx. 2 months of decent mining by the looks of it.

Obviously the difficulty is going to continue to grow, but if hashfast made delivery,  BA made delivery,  and cointerra actually shipped.  THese miners would be almost worthless.  This is just my thoughts and i have no numbers to correlate to it. 

Oh i agree but sometimes it is nice to just feel that out of all the delays etc that are going on there is some good.  Half glass full..... :)

And it is always good to look at USD$ it makes you feel even betteer.

Are our machines mining again? Can we see the hashrate again somehow? Thanks for your work!

Here are the numbers for the payout on the 15th.   These will be going out early on 16 Feb (Sunday morning) Central Standard Time - my internet has been up and down all day and I just finally managed to get the wallet sync'ed up. 

https://i.imgur.com/0x2ZCtC.jpg

I personally think we should. I know that I'm down to about .01BTC as of the last div, and it can't go up so we might as well make some money while BTC is low.

I agree and +1 for sell.

I think we should sell miners now.

Yup , we should sell these miners now.

Does DZ still frequent this thread? I feel like we should move now before any rise in price happens.

+1 for sell

-1 to sell

please dont sell.
if bitcoin goes to 5k$ we can mine next few years :)

Are we selling these since we sold r15/16?

not sure.

 no talk from dz

these won't earn much and pretty soon the fees to run them will be too high to mine them.

 sad that dz coop has kind of fallen apart due to round 17. 


 well I have 13 shares left so whatever they decide if they decide anything at all.

my 5 share are voting to sell even though it's 12.83% to make BTC ROI

UP

If we sell miners now, you will probably get more BTC, then you will ever mine.

ok i see we have 10k$ from auctions

better to sell now at that price :>

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=3129573175&dcosts=10000&diff_mincrease=20&blpbtc=25&dhsmhs=1300000&diff_mincreasedecrease=0.1&btcusd=550&dpowcon=1200&btcusd_mincrease=0&pcost=0.25&calcweeks=32&dleadtime=0&action=calc

My 3 shares are telling me they want R5-6 to be sold. Before BFL floods the market with late Monarchs that people who never got their 65nm stuff in a reasonable amount of time "upgraded" to.

Payouts for 01 March. 

https://i.imgur.com/n6c0jdi.jpg

-Redacted-, would it be possible to get ahold of a GB leader and tell them that people want this to be sold? At this point, BTC is low enough that we're probably going to make more off of the sale then if we kept mining. We keep discussing this in here but apparently nobody wants to listen to us/comes in this thread anymore.

+1 to sell

We have been offered 4BTC for these, offer expires Monday morning 10AM Mountain. Please vote.

4BTC for both or 4BTC each? I'm not sure I'd go for that offer if it's for both. Even then, 8 is about the minimum I'd go for both at this moment in time.

stupity just came out of my fingers

Sorry, 4BTC each, minus shipping.

jeeze sold

2 shares here

2 Jupiters will mine ~4.5 BTC /month (March)

5 shares here SELL

please sell them.
 my 13 shares say do this.

thank you my 10 + 3 = 13 shares have been paid.

sell 10 sharres

1 share here, voting to sell.

10 shares - sell

Yep. Confirming my 3 shares for selling. Looks like 44 for selling, 0 against in here so far.

R5 own 11 shares , Sell Please.

1 share - sell

5 shares in R5 - sell

brings us to 60-0

1 share: sell!

Since it is monday morning and we do not have enough votes... I will have to talk to the buyer.

75 shares

keep!

you own 75 shares?


well then lets us sell one .  then you will have 75 out of 100 shares.  if you really like the machine just buy the other 25 shares.

 since one machine is 4 coins send in a coin you would own one complete machine.  the other people would get 5 coins to split up

no, he owns 15 shares in R5 - if I tracked down right old R5 and R6 threads

Yup by our records he has 15. VOTE CONTINUES ON!

I vote my share to sell, I will get thomas and bob to weigh in.

I vote my share to sell.

what is the percentage or count of sell vs no sell , I am guessing Sell is going to win on this by looks of things which would be the right decision.

I think we need 101/200 total shares to declare sold.

sorry guys, i just counted my shares wrong.
i paid about 9 btc for all my shares and transferred 1/4 of them.

So is anybody else coming out of the woodwork to support this?

would be nice to sell it. price was pretty good.

once you count the fees against this that we get charged for hosting they don't  earn that much for us anymore. 

People come on and vote!  Have the coin ready so you all can get the final payment but hardly anyone has voted!  Matt, Thomas, and Bob can't do anything until the magic number is hit to sell.

I am guessing share holder who have not voted have stopped visiting this thread for quite some time , Regard less if jupiters are not going to be making us money due to fees e.t.c sell is the only option regardless of votes.

If anyone does have contact with the other shareholders please get in touch with them.  I've been ready to close the deal since the vote has started.  I cannot wait much longer though.

Still on the Jupiter hunt?  You're relentless man!
I ended up keeping mine. Quite happy about it too.  ;D

I have one share I think, at the most two.  Whatever everyone else wants to do is fine with me.

Can't they send an e-mail out?

K we are selling this. No more dilly dallying... and otherwise we will loose money. I will arrange the sale.

Do it like a BOSS !  its been a GREAT GB , Lets finish in style  ;D  8)

 absolutely the right thing to do.

Bobsag3 you are correct!
  
Ashitank you are correct!

Do it like a BOSS !  its been a GREAT GB , Lets finish in style

Round 5 and 6 have been sold.

Price per unit due to the extra week of hashing for the GB is 3.75 BTC each.

BTC has been received for the jupiters, payment will be sent to payout pool.

Excellent! How much will we be earning per share (combining the Jupiter sale and the mining up to this time)?

Total was 7.5/number of shares (200?) so .0375 per share.

Awesome!  ;D It's been a pleasure mining with everyone, here's to more successful group buys in the future.

 so i have 13 shares x .0375 = .4875  due   .


i may use this towards another s-1

Thanks, I had fun with this!

Also we have 0.25 BTC in wallet & 110 NMC to sell , is that correct.

0.5 R5 and 0.25 R6 (110 NMC is a total mined)

when do we get this paid??  I would like to get 1 more antminer s-1 and this coin would help

 bump

 when do we do this sale/payoff?

bump

https://blockchain.info/address/19NAwha8LGpRFEBwRgjH5ZMB9YyXeqyY9V

https://blockchain.info/address/13fGQGmb6Xi576ppJTkeXk34yDDRmvxjm4


 both miners appear off line.   when will this be  settled?

Both miners have been sold - as voted on.  The funds from the sale (6.5 BTC) along with the last mining payouts will be distributed to the shareholders.
I am just waiting for the BTC from the final sale of the accumulated namecoins to confirm before doing the distribution.

The final R5/R6 distribution will be approximately .0378 BTC per share.

-R-

thank you for a clear answer.  This was a wonderful group buy with a very nice fiat profit. For anyone that purchased it.

 I look forward to receiving the 13 x .0378 = .4914 btc.  Once i get it it will go right to bob and thomas for another s-1

So is it 6.5 or 7.5? And if 6.5, what happened to the other 1 btc?

200 x  .0378 =  7.56   we had   .75 in earnings      so 7.56 - .75 = 6.81  for the gear and .75 for mining

     he said price did not include shipping  and the units are  big  ... so     if we got 6.81 clear that would be  ".69 missing"

and it is not missing those units are heavy to ship 50 bucks each that is 100 bucks which is .16 btc so now the .69 drops to .53

we did mine for 5 days that is about .13 which drops us to .4btc ..     assuming that we were able to sell at 7.5 btc   we were slow to get a vote done maybe bob dropped the price a bit to keep the sale alive.

for me if .4 btc is really missing out of 7.5 plus .75 total of 8.25 fine who cares at this point. .4 across 200 shares is  under .002 a share or less then 1.26 usd a share.

consider that a share in this buy earned a lot.  and consider that the 'missing' 1.26 a share may not be missing at all

what I do care about  is   the .0378 due to me for each share,   that is 13 shares a total of  .4914 btc

 even if i should get .0398 a share x 13  or  .5174 total it is about .026 short or about 16.64 usd

for the work they did and the profit they made for me on this buy i am fine with that.   and like I said I am not sure this is even missing.

  to all that ran this round thank you for a fun ride.  I can't wait to buy me another s-1 with this btc. (½  an s-1 as I have the rest in my wallet)

It should have been the full 7.5, I may not have sent it all to redacted, I will double check.

 
thanks bob.  I am looking forward to ordering another s-1 every little bit helps

looks like shares have been paid. boosted to .0444366 from .0378 for each share  so:

 A) Miramyn  thanks for asking
B) bobsag3 thanks for checking on this
C) redacted thanks for keeping the books and doing a good job from OCT. 2013 up to now.



to bobsag3 I will pm for a s-1 purchase.

Received payout

Thanks a lot guys