Bitcoin Forum

**There are people impersonating me on Skype, please always ask for a signed PM on the forum before sending anything**

100 shares for the device, $2.30 at Bitstamp each.  Units are being shipped from the US, no waiting on China!  90 days of hosting are included with purchase price, after that the miners will be sold and have the profits split up.  If 100+ share's owners vote to, hosting can continue for $.10/share/month.  Miners will be hosted on either Scryptguild, Middlecoin, or Clevermining.  Pool will be decided by a majority rules vote.

Complete terms may be found in Miaviator's thread here (https://bitcointalk.org/index.php?topic=516219.msg5705606#msg5705606)

Shares may be purchased by sending BTC to 1QBxTsfzSvPoHh7vstG5QKTjAEaMRbwkau.  Please post in here or PM me with TxID, payout address, and preferred pool.  Shares may be transferred at any time by sending me a message with the new owner's username and payout address, signed by the current one.

The fine print: All mining investments are risky, please don't invest funds that are for rent, emergencies, feeding your family, etc.  I cannot be held responsible for things out of my fault/control like mining profitability dropping, pool owners running off with coins, cryptocoins being outlawed in the US, me getting smited, etc.

3/24 Edit: Price protection is now being implemented.  From $215 at UnicornHasher price on, any drops in price will be used to buy existing shareholders more kh/s.  If the price drops $15, each share will get an extra $.15 of hashpower, etc..

I'll take 30 @ 0.165

tx=33db16deb1b9ae8fcd991fc0bdbef531b56541f8d53bd89c8ece1ad52d84aed3

Confirmed

Buump, lots of slots open

These are estimated to ship out on March 1st ;)

Not exactly sure what this is... Could you elaborate for me?

ASICs that mine Scrypt, 7w for 300kh/s.  More info can be found here: https://bitcointalk.org/index.php?topic=436031.0

How many shares would it take to get the miner?

Each miner is 100 shares :)

Do you know if the firmware update that puts them up to 500kh/s is true?

I've heard about that, but no official info on it.

When do they start mining?

I noticed I'm not showing as owning and scrypt kh/s in your google docs...

The Scrypt in the doc only applies to Pon3 Mining, not this groupbuy.  I'll make another one just for this once we have everything up and running.

Within a day of arrival, estimated ship date is March 1st

Just talked to Miaviator, turns out there was a small misunderstanding with how this would go.  There is only one Gridseed up for purchase (for testing) before we open up bulk groupbuys, and this will be hosted at his location in a similar manner to the Antminer buy that I did.  I won't be doing the hosting until we are able to test out the gridseed and start doing bulk orders.  As such, the gb for this device is sold out.  The only difference for you guys is having it up and running faster :)

I will be reopening this as soon as we test out the miner for bulk buying, don't worry if you didn't get a chance to get in.  If for some reason Miaviator hosting it is a dealbreaker, PM me and I'll be glad to refund your BTC.  

Also due to the small misunderstanding, I sold 110 shares.  The extra 10 will have their dividends paid out of pocket, as ordering another would take a while, and I'd end up paying a lot out of pocket anyway for the time inbetween.

Miner is up and running!  12LJebC7Qgb2NKrHS3vPM8gViQmWndH96V on Middlecoin (alongside my GPUs) :)
I'll be making a spreadsheet with all the info later tonight when I have some time

great! Still waiting for mine to be delivered :)

Setup straight forward?

Miaviator is the one that's actually got it, so can't say much about setup.  He wrote a massive guide on how to get it working here: https://bitcointalk.org/index.php?topic=494625.new;topicseen#new

Oh good. Thanks!

any payouts for this yet?

http://middlecoin.info/flotchart.php?BTC=12LJebC7Qgb2NKrHS3vPM8gViQmWndH96V it hasn't reached the payout threshold for Middlecoin.  I'll be making payouts the same day I get it :)

ahh ok, thanks!

Middlecoin is having connection problems, switched to Clevermining until it's fixed

still on clever mining?

Yes, Middlecoin was having too many stability problems for us to stay there, plus profitability is higher.  Payouts will be starting tomorrow, as Middlecoin sends out mined coins under .01 on Wednesdays.  You can see the miner here: http://www.clevermining.com/users/12LJebC7Qgb2NKrHS3vPM8gViQmWndH96V

payouts will be in BTC?

Yes, and they were just sent
https://blockchain.info/tx/7a287c11b62fc8d79a2357ddda42b49c249941aabaa729ad7dd8ea90bb2d4a1b
https://blockchain.info/tx/e4a121d665e9baa3615e2d35d6800cbf4c82929f036ba05e124becf9d6199631 (I forgot somebody :P )

Were these for the scrypt mining? I got a payment but I thought I used a different address as it came in on the antminer gb address.

I put it all in one payment, didn't see the new address you wanted it sent to in my hurry.  Will use the right one next time, sorry about that.

NO problem. You see the other address though right? Let me know and I'll send it again.

I just like to keep them separate so I know how each GB i'm in is doing.

Just got my 5chip online today :)

Bulk groupbuys are now open!  OP will be edited to reflect the terms of the coming rounds, already purchased ones will be unaffected ;)

Lots of slots open, who wants in?

Buying 9 shares on behalf of Pon3 Mining

Hi

is there some slots/shares?

i'm interested

There are currently 91 slots in this device left :)

91?? Don't I have 30? :) or is it another device....

This is a second round, everybody except Pon3 Mining was on the first one that is already up and mining ;)

hi,

i sent 0,075BTC from address 1EQ7zx9HLdmBdfUUwkA2fnCiKF2M5bEzwd

http://blockchain.info/tx-index/43e101ccaad22033a1fc34da6702450686f87698e22e2fd76a1b2ac2efba8f38

Payment confirmed for 20 shares :)

Is this still hashing on clevermining? Stats are at 0 now...

It would appear that for whatever reason, Miaviator switched to the fallover pool (Middlecoin).  Payouts will be unaffected

24 shares sold via PM

Price protection is now being implemented.  From $215 at UnicornHasher price on, any drops in price will be used to buy existing shareholders more kh/s.  If the price drops $15, each share will get an extra $.15 of hashpower, etc..

Price getting knocked down by $.10 per share :)

Payouts for round 1 going out tomorrow, out of town for the weekend.

If you urgently need to contact me I'll be on Skype, otherwise Afk until tomorrow :)

Please list the round and the owners and the filled shares, I have no idea what is going on.

Will make a google doc tomorrow with all info.  Sorry I didn't do it sooner, been busy with gbs to say the least.

Payments enroute? ^_^

Writing up now, had some equipment failure when I got home today and had to fix that ASAP (it's fine now).

like, right now (http://puu.sh/7RBZK.png)

Edit: sent ;)
Tx: https://blockchain.info/tx/1aeb49bb618497533252dc6a5cff5b564dde124bfc3a278c3bb09be6128379ff
https://blockchain.info/tx/b6c78c3d06604c22dc0eb39c62eb9d4f1d7033c33faaf05ebfa40c2429942f57

Will get to making the doc tomorrow (tonight technically), it's past midnight and I'm exhausted after the emergency maintanance

https://docs.google.com/spreadsheet/ccc?key=0AmqfiJzoCaNwdGRUZUEwaVVNSF9aZWNSeHYyd2RvRmc&usp=sharing
All the stats can be seen on Middlecoin.info, so making it more complicated wasn't really necessary :P

If you bought via PM and want your name on there, just shoot me a message

payments delayed? ^_^

It's still Sunday, they're going to be sent out as planned ;)

Edit: reading back in some threads I realize that I put Saturday instead of Sunday for doing payouts.  If I did that for this one, payments are made on Wednesday and Sundays.

How many shares remain in the current round?

45

What's the current price per share in BTC?

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

.004814 each

New payment address for shares is 1QBxTsfzSvPoHh7vstG5QKTjAEaMRbwkau
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.21 (MingW32)

iQEcBAEBAgAGBQJTQjLJAAoJEB5tfcMmrq+VSisIAIukfrv5G3XYZKKE4uPra2Wz
Ci6/AMkZ5LOCblN/qy/908xT6/a7uK60oYjE2kinCNAb9RB6wr2YAbo9kqXHaT/N
7ZeiCHCr9S2r4GY+EEHmH7rctsuh+G9EEeombGvFDRdBZipumNVayziXa1YabDzS
P9qxf+15MyysdsONV+dNuz443t8cV/BqBWhajAVVnI67UXZq4anMKuFk3ReB54WI
k/eJ4bJg7U8KO+unh6S9wujoZ7ny1/dmImsVjiPi46bw+rsFI1G4tcLNvxa+dn4p
4gopwpulEsaqXo/k6eDK3+t+rvSve3fAyrjbpuMvqjefKUTYWHrhD9HpV9eCqVk=
=4EWc
-----END PGP SIGNATURE-----

Please reserve 20 shares for me. I'll send payment details in about 30 minutes by PM

PM sent

How many shares remain in the current round?

i will buy it so we can start

25 shares left, 20 were bought by msb17

3 shares sold via PM

All shares are sold out!  Placing order with Zoomhash as we speak :)

Order confirmation (http://puu.sh/82Yqm.png)

Shipped out today!  That was fast..

$50 shipping to canada... lame!  You must be US?

Yep, only 5 bucks for priority :D

Tracking# is showing as invalid (http://puu.sh/841CI.png), opened up a ticket.  

Edit: now it's shipped, tracking info just showed up

Coming in on Monday (http://puu.sh/86w5v.png) :)

Also, not doing another round at the moment while I re-work my pricing so we don't have a round take this long to fill up again.

It's here :D
Starting setup now

Up and running! (http://middlecoin.info/flotchart.php?BTC=16zNicJWxCdpUTsjSQZgiwckFQso3G5EG)

First payout for round 2 is in Cex, should be sent out within the next 24 hours :)

Anyone in round 2 received their first payment yet?

I haven't I'd like to know if I need to start worrying.

No payment received here either

Hmmm... Maybe it's just taking longer than we think.
Let's see what tomorrow brings.

Yeah I haven't seen a payment yet either, I thought they were done Wed and either Sat or Sun?? 

Round 1 is done manually on Wednesday/Sunday, round 2 is done via auto payout on Cex.  For some reason it never sent the payment, even though the funds are there and payouts are setup.  I'll do them manually this time and file a ticket.

Payments sent, filing ticket with Cex now

Main Tx (https://blockchain.info/tx/f930b186dec9dbc91c1663d262e59b2ea773c3e91d63dbcd887a185de102f59b)
Sconklin321 (needed to update google doc) (https://blockchain.info/tx/f03539948381c3d6409b966953826f46a923793ce126fddf23ae4f12356c43c8)

I don't know if it pays out when your balance reaches the appropriate amount or when you mine 0.01 BTC.  Autopayout does say its for mined coin, that's the only reason I bring it up.

That could be it, I'll buy a ghash and see if that gets it to start paying out.  They don't have separate balances for mined and deposited coins, so fingers crossed :)

It looks like the payout not sending might not just be a problem with us (https://support.cex.io/hc/communities/public/questions/201796236-Auto-Payouts-BTC-Stopped)

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

It has come to light that due to the way manual payouts have been being made, round 1 has been getting overpaid (same problem that affected Pon3 Mining).  Total payouts have been .11 when they should have been .06894.  Long story short, some of the payments were made using the Middlecoin balance as the amount paid out, which it isn't.  The amount actually mined can be verified by looking at Clevermining and Middlecoin history.  Payouts will not be affected, but 75% of the difference will be deducted from the total sale.  The remaining 25% will be left to make up for the inconvenience.  I will be automating payouts over the next few days to make sure something like this never happens again.  Round 2 is not affected, as their payouts were made differently.

I apologize for the inconvenience.  I attempt to provide the best service possible, but sometimes mistakes like this happen.  I hope that this will not keep any of you from wanting to do business with me in the future.

Payout history:

Middlecoin: http://middlecoin.info/flotchart.php?BTC=12LJebC7Qgb2NKrHS3vPM8gViQmWndH96V (3/13 and on)
Clevermining: http://www.clevermining.com/users/12LJebC7Qgb2NKrHS3vPM8gViQmWndH96V

Please PM me with any questions or concerns.  I am not running/scamming/etc, just making up for a mistake.  The 25% is coming out of my own pockets, no customer funds will be touched to make up for it.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.21 (MingW32)

iQEcBAEBAgAGBQJTWyf4AAoJEB5tfcMmrq+VXsAIAIv/5g7UBWY+2UbBs8GM31XJ
h1goqDu0TVHbf6DUfVVTimGtptWxeiicYVzo4tk919s3hN1pWzD+c/4Fw1f5QYSU
MoGhvUU43ZcSJQh0dvnwoitwojKAY48e+mnU31mTxE52MnwJQ9OYcdVyj3W4VuB/
GbM+bZOzotJMglPD3PGEyxxL3Q46UNfTguFgelZaa4JeDI3wXqMAWJzij0W2epb/
O4bb6pntFODmt+iARvEXPVPc5AUvDj+rzxaFO/SQKqs6f8SwG6fzPGUSQ1qo0/Co
HZbfDTkiZpf8KNw7RtvfHV5Ro3QPFlHZJwPMMDroDjmrYwWldMe1JSEQ00tMlVE=
=LmGH
-----END PGP SIGNATURE-----
Edit: slightly wrong numbers, will double edit in a few with the correct ones
Double edit: looking at the history, round 1 payouts are just a clusterfuck (which is why I'm trying to move to Cex automation, human error is huge with manually doing these).  Making a Google doc now with amount paid out, amount that should have been paid, and difference that will be taken from final sale.  Overpayments due to things besides the chart mixup will be taken at 100%, from the chart it will be taken at 75 to ensure that everybody gets the same amount per share

Going to be putting out a bounty first thing in the morning for an automation script, this mistake has shown that doing it manually is a terrible idea

Triple edit: Here is a spreadsheet with everything layed out (https://docs.google.com/spreadsheets/d/1XwUqNp4bqsNOt6KWHS1NI2vnjx5LR1Fi9HCHD3AgRg8/edit?usp=sharing)

Quadra edit: Request for automation script posted (https://bitcointalk.org/index.php?topic=585056.new;topicseen#new)

Found the problem with Cex, they have a .0001 minimum payout per person.  Changing the way I have it setup so it will work, hopefully update soon

When is the next payment scheduled to be distributed?  I know it's been a little over 48 hrs since the last payment was distributed.

Watch Middlecoin (http://middlecoin.info/flotchart.php?BTC=16zNicJWxCdpUTsjSQZgiwckFQso3G5EG), payouts are sent within 24 hours of the pool paying.  This can be a while depending on profitability.

I haven't received any payouts for the round 2 gridseed since the very first payout?

Last payout for round 2 was distributed 2 1/2 days ago according to middlecoin and I know I haven't received payment yet.

http://middlecoin.info/flotchart.php?BTC=16zNicJWxCdpUTsjSQZgiwckFQso3G5EG

The auto payout should have triggered yesterday, but for whatever reason it didn't and I had to do it manually.  Please PM if you didn't get it.
If you bought via Pon3 mining, it will be included in the regular payments.

All good here now...thanks

Any idea what happened recently?
There's been two lengthy periods (according to the graph on http://www.middlecoin.com/reports/16zNicJWxCdpUTsjSQZgiwckFQso3G5EG.html) where the hashrate dropped to 0. Adds up to over two days worth!

I haven't received any payments since Jun 16th....

That's about right... last payout by middlecoin was on 12th June.

And the miner is offline again; at least according to Middle Coin (http://www.middlecoin.com/reports/16zNicJWxCdpUTsjSQZgiwckFQso3G5EG.html)

What's going on?

Yes, there has been some downtime on it.  For some reason the driver will crash and won't fix until I do a hard power cycle on it.  One of the times it crashed I was out of town, hence the long period it was down.  All of that will be paid out of pocket as per the OP

Yep, that was the most recent payment.  Middlecoin doesn't pay very often now that the difficulty on everything is through the roof
No idea why it's not showing up now

http://puu.sh/9OqyK/3284643850.png

Thanks for the update.

I know it would create a lot of dust, and I don't think it would work with cex.io for automatic payout, but more regular payouts would be made if we mined say at clevermining or wafflepool as both of them payout all balances over 0.001 weekly.  I don't know if this is an option either, but we would also earn payouts faster if we merged the 2?? groupbuys and mined on 1 address.

Well the first round actually ended a week or so ago (waiting for Miaviator to ship to buyer).  I'll see what I can do about getting more frequent payouts, but we're already halfway to this payment so might as well finish it

Absolutely agree! Let's go at least to the next payout before we move, if.

How much longer is the second round going anway? I lost track of details.
I might potentially be in a position and interested to buy the miner of the group once we get to that point.

Yeah I wasn't saying we should jump now, just a few suggestions.

Next payment for round 2 should come through soon  ;D

On the other hand... Anyone else seen the message on graph at http://www.middlecoin.com/reports/16zNicJWxCdpUTsjSQZgiwckFQso3G5EG.html ?
Maybe it is time to change pools?

Personally I'd be using clevermining or wafflepool. Otherwise coinking might be an option as well.

Haven't received payments since June 16th....

Please try to read instead of making meaningless posts that have already been answered. Thanks.

So there was no payment from middlecoin on the 22nd?? OP states issues will be paid out of pocket, should that have happened?

Don't tell me about meaninless posts. Payments should have been sent by now regardless.

Yeah, it's going to be paid out of pocket.  The auto payout will be triggering in the next day, didn't notice that Middlecoin had finally paid out and forwarded the funds.

As for switching the pool, the hosting term is over, was just letting it run long enough to get a payout.  Being auctioned off on the forum ASAP

Thanks for the update!

Cheers

Quick update: We sold for .08, buyer didn't have all the BTC at time of purchase but said today he should have it.  Will be sending out the sale payment as soon as he gets the miner

Thanks cooldgamer... It's been a good experience with your group buy.

Buyer backed out after stringing me along for a week, up again it goes  >:(

Second auction only went for .025 :(
Paying shipping out of pocket.

https://bitcointalk.org/index.php?topic=731558.0

Sale payment loaded in auto payout, will go out in the next day