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in this thread I want to introduce a Community Mining Project which will run with Miners made of Avalon ASIC chips.
About this project?
- This project will be an investment project for you! You can buy shares from ASIC Miners, each share is equivalent to 917Mh/s hashing power
- The more shares are bought the more Miners will be bought
- All shares and shareholders will be listed in this Thread
- There will be weekly payments
- Will will buy the ASIC chips in a group buy and we will probably buy the 20 chips Mining Units from Burnin ( one of his devices will provide 5,5GH/s hashing power)
- This service will be available as long as it will be profitable for our investors
- We are at no time the owners of the mining devices, we will only host and administrate the devices for you
- Each Miner with the Mining power of 5,5 GH/s will be splitted into 6 Shares
Advantages:
- no need to configure any hardware or software
- cheap hashingpower
- good community support, with frequend news
The costs of 1 Miner is:
1,72 BTC + 1,78BTC @100EUR/BTC
Actual weighteda average BTC Price from MTGOX:https://mtgox.com/index.html?Currency=EUR
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Example:
1BTC=97EUR
(((100/97)*1,78)+1,72)/6 = 0,593BTC per Share
1BTC=97EUR
(((100/97)*1,78)+1,72)/6 = 0,593BTC per Share
The fixed price of 1,72 BTC is needed because the ASIC chips can only bought with a fixed amount of BTC, the variable part of the costs is for assambly, shipping, customs, cables and power supplies,USB Hubs etc..
How can I invest in this project?
1. Choose the amount of shares you would like to invest and then just pay to the provided adress and verify your payment adress.
There is only one payment adress:
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PAYMENT ADRESS
[/color]2. Post or PM (if you want to stay anonymous) me your investment in the following format:
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<forum nick>; <Number of shares>;<sending address>;<the actual BTC price you calculated with>
2.1 ensure the sending address is under your control, so you can sign with it in case of disputes. 2.2 How to sign/verify messages?.
if your wallet application does not let you select the sending address and sends from multiple, please post only one of them (and keep the address for a while)
Sign your username as message.
SIGNING/VERIFYING
- Copy the sending address from which you sent with to the group buy. If you mean that the sending address doesnt look like yours its probably a change address. This address is yours of course when you sent
- bitcoins with it. If you dont know the address then go to the transaction, where you sent bitcoins, and check the details. There is a transaction-id. Copy this t-id and put it into the form field at blockchain.info. Then you can see the sending address(es) you sent the bitcoins with.
- Choose "sign messages" in your wallet.
- Copy the sending address in the field at the top where the address has to be.
- Put your forums username in the message field. (If possible use only your username and not more signs or words to prevent errors while sending the info via pm or while verifying.)
- Click at sign.
- The signatur IS NOT stored in bitcoin network (blockchain) and isn't automatically transmitted to me. The signation only creates data, the signature, that is the long string at the bottom that ends to =. In order i can verify the sending address you need to send me the signature.
- See next point.
- Create a pm and set up two code tags. Like this here:
Example-Code-Tag (Created with BBCode, that is the number sign on top of PMs or Posts while creating them):
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This rectangle is a code-tag created with the hash-button above
the textfield when creating a pm or a post.
Put the message and the signature in such tag.
the textfield when creating a pm or a post.
Put the message and the signature in such tag.
- The code tags are important so that while sending the pm no wrong signs come to it that could make the message or the signature faulty.
- In the first codetag put in the signed message, for example your username. IMPORTANT: Upper- and Lowercase does matter. You have to verify the exact same text you used for signing.
- In the second codetag put in the created signature. Please be careful to copy all signs of the signature. For example use ctrl+A to mark all signs, then ctrl+C to copy them.
- Go to Verify signed messages via website and put in your username (your message) and your signature into the fields. To be sure all is copied correctly first go in the field with the mouse, click ctrl+A to mark all the old text, then click ctrl+V to overwrite all marked text. Klick "Verify Message" and see that the sending address comes out that you signed the message with.
- If that happened successfully send the pm.
- As soon as i verified the signature and message and got the correct sending address out of it you will be verified.
- Who is using armory knows that the result of signing is different. Its a block of text. Simply send me that block. I can verify it.
If you have any questions, dont hesitate to ask!
Project Status:
Working Miners:
0
ordered ASIC chips:
40
ordered Miner assambly:
still not available
