Bitcoin Forum

We're going to use this thread to have a centralized news spot (other than our website, coinninja.com (http://coinninja.com)) for information about our Mining Cooperative Group buys.

Also please use this thread for any trade related discussion.  We aren't a huge cooperative so I don't expect a ton of trade volume, and most of it will probably be between existing owners consolidating.

To authorize the transfer of your shares you must craft a multiple destination transaction that pays our current transfer fee of .003 (may change based on market rate) to 1gz1kDSYc2oRmSzZg1FdueCmQy1Y8vDAL. In the same transaction send 10000 Satoshi per share you wish to transfer to the new owner's payout address. You must send from your shareholder payout address.  We will use that transaction as our authoritative record of the transfer of share ownership.  The new owner should send me a PM with the TX hash so we can keep some records as to who goes with what.  

Sellers:  If you have trouble with the multi-send transaction, then you can send me a signed message from your share address as an alternative. Please make sure you have collected non-reversible payment from your buyer first.  
Buyers: Caveat Emptor, you are transacting with strangers on the internet, we don't have any control over your transaction and cannot provide any sort of mediation.

We do have around 40 spots left for new owners.  We are offering 1 share of Group #2(or #3) plus 1 share of Group #5 for .75BTC (works out to 30GH sha256 + 300khs scrypt).  To purchase send to 1NiNJAGi1k51pfxKsQQQisf3MMwsPU5yCc. We are out of space for Group #5 so its a hard limit of 200 shares for it.  The free hosting benefit and combined dual hashrate makes for a much better balanced ROI equation.

I have two shares in GB1and two in GB3 for sale. Open to offers.

Taking into consideration your initial cost and subtracting payouts received, I offer 0.72371404 for all four shares. This includes transfer fees and should be exactly break-even pricing for you.

I added the transfer fee twice, as I would require two separate transactions to reduce losses if I'm being scammed.

Accepted.

I assume this is on the basis of the transfer being effective before today's payout (1 Mar)?

In the event it can't be done in time I'm happy to agree a compromise, e.g. I could simply forward on today's payment.

Yes, if it doesn't happen in time for the next payout I would expect to pay less or receive the payout forwarded. Send me an address and I'll send half for the first two shares (0.36195702). Then you send the proper multiple destination transaction as specified by MWNinja (send the two Satoshi to: 1ANtSHArEvputiWusBgJWjc229HbSr4Mv5) and send me the TXID. As soon as that transaction gets confirmed I'll send the other half for the second set of two shares.

OK.

I've never created a multiple destination transaction before, is it simply a matter of adding another line on the Send tab in the wallet?

All fine with me.

Please send to 1H1mebDKhwxbvHvc5oQ4eEMbGtXAC4aTsx

To keep it simple this is the same address I used for the GB1 payments.

It depends on your wallet software, with bitcoin-qt you click "Add Recipient." 

We are going to relocate Group #5 to the cage this morning so you all have until this evening to finalize any trades.  I will update all the owners lists prior to the payout.

Sent: 1a76246f81e42a1c4c20ad5b28301d0f1c84b88e1c01ad6e73b5e0bc8ebe2d2b

If you're using Bitcoin QT wallet use the "Add Recipient" button. If you're using Blockchain.info use the "Custom Send" option and click the "+" to add a second destination/amount. Any other wallet will have a similar option.

I get "Bitcoin error - transaction amount too small" and then a "transaction creation failed" message.

I just tried it with Bitcoin QT and got the same error. It won't allow me to add a second transaction with any amount under 10,000 Satoshi (.0001 ).

If you are willing to change it from .00000002 to .0002 - I'll be happy to reimburse that amount (twice) with the next transaction.

Edit: I think .00010002 would be the best option and then I'll add .0002 to the next transaction.

Sure, happy to do that.  Unfortunately I am out for a while now so won't get to it until later, but it should be well before the deadline.

Do you want the second confirm sent to the same address or a different one?

Ok, thanks. It will be the same address.

I'd like to sell my 3 shares of GB1.  Send offers via PM please.

OK, just FYI my GB3 address is different.

Sent (I think and hope), tx ID 6c3fe4d6d12cd1d8114733fbc617b472a567de3ee967750a8fa5364a3ab7e83e

Edited to add, address for GB3 shares is: 1H71a3GUCtEpiaoTWFZdzh4kyCJN76dVsZ

Afraid I am out again now will be back in a couple of hours.

It appears MWNinja has received the transfer fee and the payment to my address is good. The only issue is the two addresses the transaction came from (13Zk... and 1796...) are not your shareholder payout address (1H1m...). I don't believe Bitcoin QT has the ability to choose which address the funds come from when you send a payment.

You will have to use the sign message option. In Bitcoin QT click "Receive", locate and click on your address (1H1m...) and click the "Sign Message" button. In the large box enter the message to sign and click the "Sign Message" button. Copy the signature and send it to MWNinja, along with the exact message you entered.

I suggest signing a simple message, such as "Two shares transfer to btcXem" without the quotes.

All done, sent via PM.

Back home now, so should be a bit quicker to respond if necessary.

Second stage payment received, thanks!

Multi-part payment sent - MWNinja and btcXem

TX ID: 57f5c40f396f17c49d668b61d187d3cfbfaa19fcdef3901f5e3699291222dcc7

I have also sent a second signed message to MWNinja confirming ownership of the relevant GB3 address.

 :)

These are still available if anyone is interested.

Up for sale:

5 shares in GB #1
5 shares in GB #3

Buy now BTC1.8

Or make me a good offer I can't refuse.

Up for sale:

1 share in GB#2 BTC0.17
1 share in GB#3 BTC0.17

Total 2 shares above for BTC0.33

Sold

 :)

Transfer to 1L2cRHyCESHG9Xi8fa8c4SgJEMRMGgu5st
of 1 share in GB#2 and 1 share in GB#3
has been initiated and paid in full as agreed.
Chewblocka will now take ownership of these two Ninja shares, transfer fees are to be paid by the seller, lostering.

Paid for the transaction fee https://blockchain.info/tx/c5b651180b402fcef5b92a6572619b5e8a66d00dc53e1319262797dba2069702 for the transfer of 2 shares mentioned above.
PM Ninja with signed message to notify about the transfer also

Up for sale:

4 shares in GB#4 for BTC0.16 0.14 each

Buy total 4 shares above for BTC0.54

Please PM with offer

2 shares up for sale in GB4.

.165 each .150 each

2 shares for sale in GB5

.4 each .39 each

These must travel together.

I'm interested in one share of GB2 or GB3 at .15 (that includes transfer fee).

How about 1 each in GB 4 and 5 for .5BTC?

Update:

2 shares in GB 4 and 2 shares in GB 5 for a total price of .8BTC.

GB4 original price of .295BTC and GB5 original price of .459BTC.

This is a steal and almost a two-for-one deal!

Need to divest a little bit for personal reasons.

If you don't get any buyer, please consider my offer for one pair at 0.38

The deal is bottom for both pairs, so a single pair would need to be higher, not lower.

I would sell single pair for .425.

Of course, I was just leaving my offer in the open in case you can't get the price you wish.
Good luck :)

[WTS]
I have 2 shares 1 In GB2 and 1 in GB3. 0.3 for 2 shares. PM me offer.

1APVdWjjaeeQoBhwfazFdQrDxgQLPpDcjn   trai_mv

Ok I'll sell one pair for .39. What do you think?

That's fair :)
Do you mind if I send you 0.38 right now and 0.01 in less than 12 hours? That's all I have in my hot wallet for now.

That's fine with me. Please post txid for verification.

My address:


1PoY1bpigWqqeTkY3XErUzJvKdNubPtRVS

Sure, what's your address?

Edit: Got it.

It is sent: https://blockchain.info/tx/68514cf3f539fad853dd234ad97c6535ea04b66994461ad9b204b8692fda754f (https://blockchain.info/tx/68514cf3f539fad853dd234ad97c6535ea04b66994461ad9b204b8692fda754f)
You may transfer my shares to 1PzekFkJoSrLMXGJ7V6CSEgyYHc5po36H7
Thanks

Received. Need to sleep ATM. Will advise ninja when I receive final payment of .01BTC tomorrow

Good deal.

For sale:

1 Share - Group buy 1
2 Shares - Group buy 2
3 Shares - Group buy 3

0.80 BTC for all 6.  (around .133 each)

0.60 BTC for all 6 (.10 each).

eb15611969954489f2c0550b1e9a6203096927acffc323abac287ccbce11c0cb
The whole payment is sent now.
It was a pleasure dealing with you.

Likewise. Also, would you mind paying transaction fee to Ninja (0.003) since you got such a great deal?  ;D

Address for fee: 1gz1kDSYc2oRmSzZg1FdueCmQy1Y8vDAL



HI Ninja to confirm share transfer of one (1) each in GB#4 and GB#5 to address: 1GQKibbH9uBuzZwQMhiKdH1MKnnc8k8x6y

Address:

1PoY1bpigWqqeTkY3XErUzJvKdNubPtRVS

Message:Received total of .39 BTC in two separate transactions (.38+.01) from 1GQKibbH9uBuzZwQMhiKdH1MKnnc8k8x6y

Signature:

HAecJ2l5MeRrD+Z0sbIg4/mm5+hS89l3qjg6s1yNyaZqh7luvhmy3Za1cPDOzX807q8LQFbrYWas4cMJxYWCL2k=

I don't mind, but shouldn't this payment come from your address?
Please send it and I'll send 0.003 to you.

Right you are; will do.


TX ID:
https://blockchain.info/tx/9c69a38db3742324bec8bfc7499d29f395ea2c5c1fa36435da969dc2ca504a4b

I'll process this trade a later this week, it was too late to be included in last weeks dividend payout.  It's been a crazy week. I tried to take off for spring break and it's been one emergency after another.  The next shipment of miners is on the move and we need to be ready to receive them.

For sale:

1 Share - Group buy 4

PM me offers or reply here.

No problem at all, thanks for your hard work.

For sale 5 shares in GB3

Here's the story of what happened when I tried to process this week's hosting payments...

http://www.reddit.com/r/Bitcoin/comments/2171qn/thanks_coinbase_i_reported_an_exploit_and_they/

 :)

No way! read that on my aggregator and didn't even put it together....ha! I feel pretty 'hooked' in to the broader bitcoin world now.

PS--sf2, what finally changed your mind on getting into GB6? I am on the fence with buying a second share in it.

For sale 1 share in GB1

Lowered price by a lot.

.6 BTC takes 6 shares
1 in group 1
2 in group 2
3 in group 3


First reply or PM gets them.

 :)

 :)

Have you processed the trade between me and Dyland? There's still only one share beside my name on the GB4 and GB5's page.
By the way, congratulations on fixing Coinbase.

Would it be possible to change to USD payments for hosting already since we're currently "throwing away" a lot of BTC with these low exchange rates?

Wouldn't simply buying Bitcoins serve the same purpose?

We're happy to accept USD for the hosting, just PM me with how many weeks and shares you want to pay for and I will get you an invoice.

Cool, what payment options are there? Paypal? Wire transfer?

+1
I think I might do the same.

ACH/e-check for US based people. We have limited paypal availability for those that can't use ACH.

News about the Neptunes: https://www.kncminer.com/news/news-82

We've requested that all of our Group Buy's Neptunes be converted to Jupiters and shipped ASAP.  We need these hashes yesterday to hope to ROI.

You are right, we need the hashes rather sooner than later but with this change there are some questions...

What will be the effect in $$/btc regarding this change?

They won't ship these puppies with power suplies and even worse, they will use more kWh than the Neptunes is supposed to.

I"m in GB1 and in GB3.

For GB1 the hosting fee of the Neptune was included in the total hosting fee, will this stay the same?
For GB3 the hosting fee of the Neptune was to be paid once the unit arrived, will the hosting fee be the same?

Will you charge any additional fees because you need to buy the power supplies yourself?

Group Buy #1 the bonus hashes will be delivered as soon as we get the gear, no additional hosting fees as promised.

Groups #2-#3 will have to pay a TBD (depends on power/space requirements) hosting fee for the neptune (surrogate), not to exceed what was originally estimated.

We will take care of the power supplies; we have some namecoin proceeds that we can use to obtain those and any related networking/PDU equipment needed to deploy.

We've also started the development of a new cloud mining solution (where you are in charge and pick the pool).  We will have a transition period where everyone will have the opportunity to convert their shares to the new system, if they so desire.

I am interested in buying shares in group #1

I am not going to pay much for them, if you want to sell, please post or PM me.

Payouts are a bit delayed this week.  Between bad pool luck, the low price of BTC, and network difficulty increases we fell short of meeting expenses on all group buys.  We are converting the namecoin earnings for group #1-#3 to give them an income boost and arranging a private buyer for this weeks earnings to get a favorable rate.  If we can just hold on for a couple more weeks the Franken-Jupiters will arrive to "save the day". Payout will be processed by Midnight Pacific today.

Thanks for the update.

Would it be an option to put the rigs on some lease rigs alike website? Afaik the revenue from those sites is higher than what bitcoin mining on our own would yield.

Other option would be to switch to USD payments for hosting, assuming everyone is sure they'll want to hold on to BTC with an expectation that it will rise back up.

For sale  4 x GB4 shares. PM me your offers.

Thanks for the update and hard work. I have a couple questions:

I have shares in GB 1, 2, 3 and 4 can I combine ten of them now for physical delivery?

If I do, what happens with the payouts from the Franken-Jupiter for GB 1, 2, 3 and the GPU rig from 4?

We're working on starting our own leased/cloud hashing service, using the next batch of hardware which is largely unsold.  One option is that the cooperative could sell its hardware to this new venture in exchange for equity. This would allow the original group buy members to profit off the growth of the company, rather than be limited to only mining. Long run this could be a big win for all.


We will allow you to combine to accept physical delivery.  For Group #1 the Neptune is bundled into the monthly fee, so no Franken-Jupiter payout would occur there if you were to redeem. Group 2-3 you would still receive the Franken-Jupiter.  Note: you need to pay $99/per unit, provide a shipping label, and pay off any remaining hosting obligation to receive physical delivery.  We have a limited amount of ANTs that are currently in our possession and (thanks to a legal problem) can't get remove the rest from the data-center.  Hopefully that issue will be resolved this week...but if we don't have the hardware on hand we will buyback the shares at the equivalent residual value.

For Example:
Say you own 10 shares in group 3.  You want to take delivery this week.
Your costs: $99 Noc fee, $29 shipping label, $34.60 remaining commitment; total due $162.60.
You can pay: $162.60 and get an ANT or we can send you .893BTC current price of ANT less the $162.60 =  .593BTC (subject to exchange rate fluctuation). As Group #3 still owns the Neptune/FrankenJups you will get your share(s) of it less hosting fees.

Lawyers have erased any profit I would have made on this whole venture so far; I'm trying to make lemonade out of the lemons and take care of you guys as best I can. Bitcoin getting pumped back to $1000 would help.  I'm open to suggestions as well;  the reality is the overall situation for Groups 1-4 right now is pretty bleak.

interested.

Please elaborate on the issue regarding the lawyers?

Weren't all units placed in a datacenter where one of the ninja guys work?

What is the potential exposure to us as 'shareholders' and ofcourse our mining equipment?

I can't really give too many details, as the lawyers are working on it and I don't want to compromise their efforts. They terminated my partner's employment at the data center; he's got a wife and 3 kids and is struggling to make end meet while we are getting ready to launch our cloud company. This project pretty well destroyed his normal life, but he remains committed to building our world class miner colocation business.
We hope to have some more answers this week, but legal doesn't move at the same pace as BTC. 

Michael (my partner) could use your donations and generosity: 1EHRAYFFtRajfAoTXuJzFTAbjBwfxrf5vP


None of this matters to you as hardware owners, our commitment to you remains the same.  We're offering the btc equivalent of any hardware that we can't deliver due to the issue. The equipment continues to operate and all the bills have been paid, so this has no effect as long as the group buys remain solvent (another pending problem, lol). Bitcoin is heading up and the Franken-Jups are on their way....

I'm interested in this idea. Physical delivery is a nice option, but I'd prefer a good alternative.


Wow, that sucks. I'd like to hear the full story when/if you can tell it.

???

 :)

 :)

Just an fyi, group 6 hardware is in a different facility, no legal troubles with where it's hosted.

 :)

I'd like to stay as passive as possible. I have 5 shares in GB#4. Do I need to do anything?

 :)

Any shares of GB1 up for sale?  I may be interested. PM me

I have agreed to sell my 2 shares in GB#1 to tripppn, PM sent to Ninja with details.

1BTjKTaXfka9rHxaMfVgGTeT9ptJnX79Vr

To authorize the transfer of your shares you must craft a multiple destination transaction that pays our current transfer fee of .003 (may change based on market rate) to 1gz1kDSYc2oRmSzZg1FdueCmQy1Y8vDAL. In the same transaction send 10000 Satoshi per share you wish to transfer to the new owner's payout address. You must send from your shareholder payout address.

Thats the right way to do it.... at the very least the seller needs to pay the xfer fee and send a signed message from the share address.

We are winding up groups #1 - #4 as they can't pay their hosting bills anymore. 

Process for taking delivery (if you have multiples of 10 shares):
PM me for an invoice for the $99 fee, and will reply with an email address for you to send the shipping labels to. You need to provide your own shipping labels.  I'll post the exact dimensions and weight in an update tomorrow.

If you take delivery on Group #2 - Group #4 you will be still entitled to the net proceeds of the groups FrankenJupiter.  If you don't take delivery then your shares will be bought back and that will effectively end your participation in the group buy.  If you are short shares you may purchase them at the .035 buy-back rate, add the $99 handling fee, and take delivery.

If you pre-paid hosting, we will return your unused hosting payment at the bitstamp rate. Give us a couple of days to let the dust settle and we'll get it out.

Group Buy #5 - #6 will continue to run. Group #5 will incur a small power fee for those that don't have group #6 shares, approx $2/mo per share (will pay actual metered).

If you have less than 10 shares or if you don't contact me for shipping arrangements; we are buying back the shares at .035 each.

We will complete the buyback on May 1st for Group Buy #1 -Group Buy #4 so please get in touch before then if you are wanting in hand hardware.
It is largely sitting un-powered so we need to liquidate quickly; thus the short notice ~ if we were to wait the market value of ANTs could fall even more.

I have 1 in Grp1,  2 in grp2, and 3 in grp 3.   Can I combine them and purchase an additional 4 shares to reach 10 and then pay for a delivery?

Cancel that then, i'll just go the "buy back shares" route.

Thanks

Yes.  You can do that but please hurry we need to close things out quickly. 

For those that are taking delivery, the package is 14X9X8 and weighs 9lbs.  The originating zip code is 85021. We recommend Priority Mail.

The buybacks are now complete.  If you indicated you are taking delivery please hurry and get us the shipping labels so the packages can go out today.

Any news on the scrypt group?