Bitcoin Forum

We're collecting funds for two (2) Antminers for a combined hashrate of about 360 GH/s.
Miners are ordered, will be hooked up and hashing by next Sunday, Jan 5th.
If the first 2 fill up, we have more than enough stock. GBs will be split at every price change for shares to keep it simple


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To reserve shares automatically and for easiest spreadsheet export,
please visit the new DZ Miner's Coop website.


www.dzminercoop.com


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50 shares available per R22x sub-round (equivalent to 2 Antminers).

http://www.dzminercoop.com/?product=r22-bitmain-antminer-s1-1-gb-share-94-7-2ghs-dz-mc-exclusives


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TL;DR: $94 = 7.2GH/s plus our DZ MC exclusives:

+ Delivery about 1 week after order payment
+ Access to our world class 2nd Miner Hosting Facility (yup, we done broke Facility #1's capacity). This facility was designed by several IT pros with Cryptomining as its sole purpose. This is the same facility or near the similar facility Black Arrow will be using for US Sales & Hosting for North America; bobsag3 is Black Arrow's official US Reseller.
+ 2 PSU units (1 as a hot spare)
+ Estimated 20 minutes backup time from Server Grade UPS units and Battery Bank
+ Additional A/C cooling (to explore safe overclocking, if the Group Buy chooses to void the warranty)
+ Comcast Fiber
+ T-Mobile LTE (for redundancy)
+ access to a 24/7 miner support team focused strictly on cryptominers (including DZ MC co-leader thomas_s)
+ access to 5 world class IT experts who have built the largest public Bitcoin Miners Cooperative in the English Speaking world

Hosting/Management is: $300/month/GB[2 Ants] + 0.5% Management Fee. Payouts are scheduled for the 1st and 15th of the month for BTC rigs.

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DZ Miners Cooperative Roles for this R22 GB:

DZ - Co-op Founder / overall coordinator of the Co-Operative, background role for R21. Founder/CTO of a newly formed Cryptocurrency focused Intl. Corp. called Cypher Trust LLC. Overseeing payouts and Primary admin for Co-op miners, IT Network Engineer, DoD IT Contractor. Primary GBC for R21x. Questions about BTC payments and questions for R20 may be sent to me (please open a support ticket on our site).

thomas_s - Primary GBC for Rounds 5-21. COO of our new company, Set up Online Auto Reservations for the co-op! Thank you! Send  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.

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




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 120 400+ members (so far).


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                                        _.====.._
                                    ,:._             ~-_
                                        `\              ~- _
                                           |   _    __.       `.
                                         ,/   /  \    /           ~ - _
                   ..__..-..__...-      /__/  /__                `_ ~~--..__...----... DZ's Miner Cooperative, Round 22x ..."The little Co-op that could"...



An At-Cost/Low-Cost Democratic Miner Co-operative with low cost fees for world class, vetted miner hosting/management services:only $300 per month per GB for R22x!

~120 400 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 $150 host fee and a 0.5% management fee, the lowest prices 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/LTC Hardware pre-order sales or pre-sales of shares on this forum by DZ MC since Aug. 15: $700K (before BTC price adjustments)
- 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 (many with sub-rounds): 19
- Number of HashFast miners: 2 Baby Jets with paid upgrades, 2 Sierras, 4TH/s+ Total
- Number of KnC miners: 6 Jupiters, 3.6TH/s. 2 Neptunes, 6TH/s.
- Number of Bitmine miners: 2 Rigs, 2 Rounds so far, 3.4 - 5 TH/s
- Number of Black Arrow miners: 80 boards, 3.3 - 4TH /s, 40+ Black Arrow x-3 Prosperos at 2TH/s each
- Total Ordered HashRate: 100 TH/s+ Total
- Online Auto reservation system tailored for Group Buys thanks to vetted GBC thomas_s!
- Dual network connections, Server grade UPS units, TWO DZ MC gas generators, and a DZ MC Air Conditioner just for our miners, which will allow us to provide a perfect home to explore Overclocking for DZ MC ASIC miner rigs.
-  A VP of his own small oil company in Texas joined us, and is helping us plan and execute future projects. He is now a DZ MC GB Coordinator - working offline deals - and the CEO of the new umbrella Corporation for the DZ MC sub-company and other cryptoventures!



Last order paid: R21x, 2 AntMiners 360Ghash

I bought 5 shares

Order: #1441

I figured I'd give you guys a shot.  I've purchased 1 share.

Tried to pick up a share of R21x earlier and was too late, so followed up and bought 2 shares of R22x instead!

I'm in for 5 :) order #1470

in for 1.. :)

Last one  :D - Order #1480

its already out of stock!!  :(

I ordered on Dec 29th, but the order is still on hold, despite payment being sent almost immediately.  Is that correct?

Whats the order#?

#1443.  I can PM with transactions details and such if you like.

Nope found it, curse of the payment processor not working...

No worries; just checking in and wasn't certain where to inquiry.  Thanks.

How is the work going on R22? how is the new facility? when approx does the hashing start?

I should get the ants in for this today or monday, so would be able to start hashing by tuesday.

Nice. gl with that!.

Doh hopefully there is another GB i somehow missed this one :(

Any more shares for the Antminers?

Doh, I was away travelling.

I know you guys are hellabusy, but as mentioned here:
https://bitcointalk.org/index.php?topic=402555.0

If there indeed is no chance of getting into the group buys, changing the subject from OPEN to CLOSED would save my inner child a small heartbreak.

1 from R21 - https://bitcointalk.org/index.php?topic=386682.msg4351600#msg4351600

When will this round start hashing?

They are being setup today, only problem is I don't have access to create a wallet in the main wallet or to edit the site to show it hashing.

R22 is now hashing.

great news bob,

We are able to hash without creating a proper wallet etc?  we should send it to somewhere and use it for hosting cost later..  Don't let the hash power go unused..  =)

It just sits in btcguild till we set a wallet

Bumpity bump.

This is active, live hashrate if anyone wants in on Round 22.

DZ, how many shares avail in R22 still?

Sorry, I don't handle that aspect (more of a head cheerleader nowadays and working on setting up deals in the cryptoeconomy).

I did know that as of today, there are/were shares available.

Oh BTW: the payment processor for our site is still being worked on; having some backend site issues here we're still working on. Let me talk to the guys later today, to see if we can set up a temp. workaround for R22.

DZ,
I'd like to reserve two more shares of R22 if available. Bought 1 share when site said "1 available" and after that it said "out of stock" and still does. I would have bought more at that time. Glad to hear there may be more to be had. Sent a PM. Please PM instructions since site payment processor is down.
Thanks

Me too also interested in more shares

I would like to reserve 10 shares.  Thanks.

R22 is sold out and has been hashing for a while

Keep a look out for new rounds

Hi Thomas,

Would you be so kind to change the topic title to closed?

Cheers

I'll tell Bob to later today

Any ETA on when we might see this on the website to track?
Are we on schedule for the first payout on the 15th in 2 days?

Yep payout will be on the 15th hopefully tracking later today

Awesome thanks!

Spreadsheet

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdHFwS1JBV0hwSkVxV0F4SDQ1RVZ3V1E&usp=sharing

Received my payout. Great job Thomas!

Please be advised R22 payout was done wrong some people got less and some people got more than what they should have unfortunately we cannot do a chargeback to resend payment and can't realistically get the holders to send the BTC back to be resent in a timely manner.

We will recalculate the price per share and then dock / give extra to some addresses for next payout.

I was curious about the size of my payout, but hadn't checked the spreadsheet yet. If you PM me the specifics, I'll send back what I owe you.

I was also curious about my payment since it was more than the same shares in 21. The spreadsheet indicates 100 shares rather than 50. Did we double up on this buy? I'd also be glad to send back the difference if that is easier for accounting. Feel free to PM if this is easier than delaying future payments.
Thanks!

Unless I can get all over payments returned in a quick manner the only reliable way would be to dock on the next payment. As I cannot control others the best course of action is to dock the payments.

The round wasn't oversold as that would be an easier way to figure out the amount everyone needs. Its the wrong shares were transferred into the right addresses.

Fixed, check out the spreadsheet for the deductions / additions for next payout.

I i thought i could get away with it  lol ::)  well i owe you 0.006795

Question on this...
I had purchased 2 shares, payout address 1C9knAYwrkVWDThYafivpyCekrZ9eAAqmr
According to the spreadsheet I should have received 0.015612430107527, however I only received 0.00780621
(Transaction id 4b24fc24eddc473d0cb1c1134d5fbc4d9c1fdb7eba03234322045352ab8d7077-000)

We had a small accounting problem if you check next payout you will see some people have a negative balance and some people are owed if your payout was less you will get more on the next payout

There was a small adjustment listed but not nearly the amount I'm short unless I'm mid-reading. It looks like I was paid out only 1 shares worth

But hey as long as it's all cleared up next payout it's all good :)

Only got paid for 1 share  :(

At least my next payment will be a good one :)

This is the payout without hosting
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This is the payout with hosting

Ah ok that makes more sense - the corrected value I'm seeing is so low, because it's adjusted for hosting fees, but with an earning of 0 (which will be...not 0 by the time the payout goes out)

Thanks for clearing it up!
Now when's 23 opening...

This weekend maybe.

Order: #1478

 I have been unable to log in since the site change last night at dzminercoop.com. I did send a PM to thomas_s last night but I believe he is quite busy ATM. With whom should I specifically contact to resolve this ?


( Edit )

My Yahoo is working again and have been informed to create a new account. Thanks guys.

It seems that two share holders will move over a negative balance and will not receive a payout this period.

We can sell each machine for 1.01 BTC. The total would be 2.02BTC for this GB.

sell!

Who is buying antminers above retail? Granted, it isn't much above retail, but bitmaintech.com has them for cheaper than that now. Cheaper still if you have a coupon. Selling now means a guaranteed loss/share. Hanging on to this and hoping we do better than depreciation on the sell out price is probably better, especially if there are buyers paying above retail for these things.

sell

i got like 0.01 for 3 shares this time. Its best to sell this thing, otherwise its a waist of time and money. Not sure but still think i am be with this even at this btc price..