Bitcoin Forum

Update 09.08.2013 - Closed, all shares sold

Update 09.08.2013 - Some of my IRL friends still didn't pay for their shares, so there are some more shares to buy. First come first served. Currently there are shares worth 4.17 BTC left for potential buyers

Update 14.07.2013 - I start to accept paypal and skrill payments. If you will request chargeback or do any other weird thing with your payment, I will simply remove you from the shareholders list.

To avoid mess and constant editing of original post I've decided to start new thread.

previous thread is here:
https://bitcointalk.org/index.php?topic=250449.msg2659292#msg2659292

WHO WE ARE?

We are Felipeo and pajak666 we run online store which is currently in beta stage.

http://store.bitcoin.org.pl/      

Once you click FAQ button, you will see our company adress and that we are fully registered company in Poland.

Also here is confirmed Felipeo ID by John K.


Details of our current mining farm can be found here:

https://docs.google.com/spreadsheet/ccc?key=0Aq4YXCoAvifBdGRRSk02NkZtM1FrbHN0elIwZ0t2SlE#gid=1

Since Punin is only shipping his Bitfury units only to Europe me and my friend Felipeo decided to expand our mining farm project.

http://www.bitfurystrikesback.com/


ORDERING

Be aware to use only adress you control.
In other words adress that you can send signed message with.

Terms and Conditons are the same as for our current farm except we reserve 13% of hashing power.
When mining is not profitable anymore, we will attempt to sell the miners or find another use for them. Any proceeds thereof will be distributed as dividend.

In case of hardware failure
We believe the gear should be able to run 24 months, but since there are no working devices yet we simply don’t know. In case of hardware failure we will try to repair or replace the machine. Any costs involved will be deducted from payment as costs.

DIVIDENDS
Dividends will be paid to adress which has been used to pay for shares, if you wish to change payout adress please send signed message.
Payouts will take place bi-weekly. Statements will be made available on our website.
Power rate in Poland is 0.19$/ kWh
All transactions and orders will be transparent


Because we got 3 units ordered (paid + confirmed already) and each of them was ordered at a different price I decided to take average price of this units as main price. Units were bought for: 125.5514 btc, 120.3523 btc and 100.7516 btc which gives 115.55176666 btc for average 400 GH/s unit price. Bitfury seem to have at least 3% fee set in his store compared to mt.gox average exchange rate.

SHARES OPEN TO BUY: 0 BTC which equals  ~0 GH/s  

You are free to invest any amount of BTC that doesn't have to be equal number. It can be even amount like 1.25672 BTC because dividends will be paid by percentage of owned mine share.
1 BTC invested = 3.011 GH/s for shareholder.
There is no risk that your shares will be lost due to failed group buy or lack of units at bitfury store.
There is no single satoshi added for ordering bitfury units. You can do the math yourself:)
As I wrote before ALL 3 UNITS ARE ALREADY ORDERED AND PAID, we got very nice place in delivery queue, prior to other hosting options.


Current hash rate and payouts distribution looks like that:

https://docs.google.com/spreadsheet/ccc?key=0Aq4YXCoAvifBdHdyMjJxYWFqTFJSekRmMUg2Rnllc3c#gid=1


If you wish to participate please send BTC to the following adress
and send me PM or post in this thread in following format
If you wish to stay anonymous please notice me about it via PM.

Dear investors, as promised here is the good news surprise and solid update.
I managed to cover additional shares to cover the third unit order with help of Coiner.de (great man) and few of my friends.

Sorry for not posting any important updates lately, but I was actually busy finalising our GB. I menage to convert some fiat reserves to BTC to cover the last part of our third unit. Some of you might say THIRD UNIT? what the hell, there shouldn't be even second unit. But YES! due to private investor we were able to purchase two units for group mining and one device for private mining for our anonymous investor. This private unit is not calculated into mining farm as it is funded by one person. That totals for 3 brand new hashing units. I Told you there will be a surprise!:)


Here are some order details:
http://i1163.photobucket.com/albums/q554/lolatronshik/bitfury125x_zps54c97972.jpg (http://s1163.photobucket.com/user/lolatronshik/media/bitfury125x_zps54c97972.jpg.html)
Payment confirmation:
https://blockchain.info/tx/49328b8a3bcb7afb17fb76df56033fe9fa9d84a7bbf4f287881223837b54166f

Unit #2
http://i1163.photobucket.com/albums/q554/lolatronshik/bitfury120x_zps010e101f.jpg (http://s1163.photobucket.com/user/lolatronshik/media/bitfury120x_zps010e101f.jpg.html)
Payment confirmation:
https://blockchain.info/tx/ae2ca79939877db7b22ea56d876b4850770db6ae103ab721bf1a21491c0c06c5

Unit #3 which I managed to buy at incredible low price, today's morning btc price peak:)
http://i1163.photobucket.com/albums/q554/lolatronshik/bitfury100x_zps15ae4b95.jpg (http://s1163.photobucket.com/user/lolatronshik/media/bitfury100x_zps15ae4b95.jpg.html)
Payment confirmation:
https://blockchain.info/tx/b8d4762f6001bdec39285145e186c4e316b194178fabf77a490aa4af59435711

I've figured out that since I have some fiat money on the BTC exchange I can accept Paypal or Skrill payments.
I am not afraid of charge back or any other shady procedure, because when you will do something unfair with your payment I will simply remove you from the list and sell those shares to someone else.

hello Sebastian

<sealight, 2BTC, 55696fb77c2d3db07d20cdc9f1a1e783c1132f28a638b0437471782744bc9375>

now I have total 5BTC in your GB
maybe more next days :)

thank you
best regards

Just to be clear, all three units are for October delivery, right?

right, October delivery

please remember before you consider taking part in other GB,that we actually got nice place in delivery queue, that means mining a bit earlier than competitors

I wish it was August delivery, but an early place in October's queue is still

http://29.media.tumblr.com/tumblr_lltzgnHi5F1qzib3wo1_400.jpg

Hi, my first time participating in a group buy.

I sent you 3BTC so:

<aar0, 3BTC, 5f3c30013a4682e71929dea502375beb864a89db731bbdf754dab1e0f16df936>

So this means ~9Gh/s in October right.

Do you need an address from me from which you can send payment to?

If it's different than address you use for payment than yes. By default I will send payment to addresses you have used to buy shares.
If bitfury will meet it's specifications then your 3 BTC will be hashing 9.03 GH/s

This looks like a good group buy. I guess I'm only wondering one thing: the payment confirmations don't show who ordered the miners, correct? The blockchain info shows that they were paid for. It seems like the images just show that someone, somewhere ordered and paid for some miners.


Forgive this rookie question, but how are we to know that YOU are in control of the account (or accounts) that paid for the miners? Are you able to send signed messages?

Nobody else has asked this question, so I'm sure I'm missing something obvious. And, I know you had John K. look at your identification, so I'm not questioning you are who you say you are. Just trying to learn more than anything.

http://i1163.photobucket.com/albums/q554/lolatronshik/GBciekawskiedit_zpsdefb0461.jpg (http://s1163.photobucket.com/user/lolatronshik/media/GBciekawskiedit_zpsdefb0461.jpg.html)


I understand your concern but where can you get some nice receipt like that?:)
payment conf:
https://blockchain.info/tx/ae2ca79939877db7b22ea56d876b4850770db6ae103ab721bf1a21491c0c06c5
As you can see address 1P4J4Kcib7WEQGxtdcjEwXsDnDJ5BYkpPy was used for payment.
My nickname is pajak666
Also address used for this group buy was used in the same transaction

also stated here and this is probably what you are missing:
https://docs.google.com/spreadsheet/ccc?key=0Aq4YXCoAvifBdGRRSk02NkZtM1FrbHN0elIwZ0t2SlE#gid=0

Here is signed message

If you wish some additional proofs simply PM me or post here
If you really want to, we can go with the same confirmation procedure for unit #1 or you can compare output addresses from first and third order by yourself

That is correct :)

And like pajak666 write - we can provide all confirmation you need :)

Cool, can you change my send address to this one:

1EEzd1kp5gKaQZnUWBY7NPwZoy9tvg7KGX

Please and thank you.

<wallydz, 4BTC , 3ea94db4d3f2ce70355665a27a9d8828cc96b16c018ea3b63daf190d31f27f37>

ironm1nd, 2.5244 BTC, 87a0c74351e41f0d6890d5f83ee1b35a9dd91ed274c60b2545c8eb471978ca9b

pm sent

<lalle, 2BTC, d1bd84d0621fccd024e4628991c700d3076c12a5d93e9b5a20b7fbc2b57e70c2>

mistermint, 1, 07b76f0f4a423cbed62b06d33bb885a8732cb8847485e0f92777c74bad1837bd

PM sent.

yamaka, 5.68, c189a286b23d37ec0fd9854e6f5cf4b877271e4d07a7b52f99e15a762e73d8de

bump as it's open again. see OP for updates

Hi pajak666, do you have any updates on the currently state of this project?

Only updates I got are those that according to buzzdave post we should receive our units in early October, there will be probably two October batches.
We are October batch #1

hi

there is my auction
3 BTC for 4 shares

https://bitcointalk.org/index.php?topic=284303.0

75% price!

Is it possible to still buy some shares ?

Tnnx

Pmed

Pmed ? Sorry for the noobness but what does this mean ? Send you a PM ?

Hi pajak666, any updates?

gb

I second that. An update would be nice.

So...any update?

i see pajak666 is trying to sell a 120 GH bitfury miner: https://bitcointalk.org/index.php?topic=305951.msg3280195#msg3280195

and was on the forum today saying he is 57 btc down: https://bitcointalk.org/index.php?topic=308364.msg3312569#msg3312569


pajak666, an update would be nice please ...

Hello
Sorry for not providing any updates but as you know I was busy collecting email addresses from group buyers.
At the moment I am working on automating payouts, that's why I need your email addresses (each participant will be able to log in to his own mining cabinet and make payouts when he want's to).
I have also received tracking numbers, it should be delivered on monday according to UPS tracking system.
Data center is set up, PSU's are waiting, so we are ready to go.
Probably tommorow or at sunday each group buyer will receive email with further instructions and acces to his mining cabinet.

How did I even missed all that new posts in this thread asking for updates...

thanks for update!  ;D

All shareholders should receive email or PM (if they did not provided valid email).





Happy hashing.
Bitcoins FTW!

Good to hear that this GB has started mining :)

other two units are on my way
they left Finland @ friday
estimated delivery time is wednesday but I really hope to see it tommorow.
http://i1163.photobucket.com/albums/q554/lolatronshik/tracking_zpsaf4517c2.jpg (http://s1163.photobucket.com/user/lolatronshik/media/tracking_zpsaf4517c2.jpg.html)

Great work with integrating GB payouts with polmine pool, very convenient.
My first share is now visible  ;D:

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

Confirming as well.

Good job, Pajak666.

Here is to hoping that UPS won't be brutal with our remaining miners...

Reporting in!
All miners are hashing:)
Promised hashrate is meet, hope it will stay stabil.

Awesome work Pajak!

Just a heads-up to all members of this Group Buy.

Please check your accounts at Polmine for correctness.

My Polmine user name has been changed and I lost access to my miner shares and payout history.

Whether it is an external hacking or insider job remains to be seen. I informed Polmine via PM to one of their forum admins. Waiting to hear anything back from them.

FYI: I do not reuse passwords on different websites..

EDIT: I got in touch with Polmine admins (via their forum). They confirm it was an internal reconfiguration, due to some account conflicts. Now my account balance and history is restored.

ROI not looking good  :(

guess we have to look for the long run, tbh we got plenty of time to see if we will ROI