Thanks Philip!

Glad I mentioned it publicly. Hate throwing more money after bad money, if you catch mah drift.  

Oh, I got the email alright...and was blown away that they so amateurishly leaked everyone's private emails all because of not knowing/caring about the difference between CC and BCC and Privacy Violations law.  

I still haven't ordered the UPS for R1 because I'm still not convinced this isn't going to a refund. If they really do meet the deadline: Let me know if you're ok just buying a small UPS locally and I'll send you the BTC (except ahead of time) like I did with philipma1957 for his equipment, so we can buy a UPS in time, if this durn thing really does ship before year's end. If not, I still have time to do an order with Memory Dealers.

Thanks man.

Interesting discussion point. Would they be off the hook upon setting up a tracking number? Or do they actually have to *deliver* to firsttimeuser before the 31st?

Pulling up this invoice I hosted at Photobucket for R2 (which we bought out from a forum member): http://i286.photobucket.com/albums/ll87/SurfSkateKauai/a8295a7b-3c53-4bb6-98ab-f74a3276e00e.jpg

It says that they're "guaranteed for delivery by December 31."

I'd say even this wording could allow for interpretation either way, but would require a contract atty. or several to argue it out. One *could* (to weasel out of a deluge of refunds) say: "well, we have tracking numbers but they are not picked up yet so technically we made delivery."  

As a *buyer* however, you would *expect* to have the durn thing in your hands for delivery to be considered as complete.

What a disaster! Could HF have screwed up this launch any worse?  

I sent trust to dhenson for alerting me to this matter via email with nothing to gain from his action. I suggest that others do the same, if he was the one that also alerted you to this problem.

I have no control of the pricing on the miner hosting, although I do make suggestions from time to time.

I'm just the messenger on this. No offense, but I don't think you're taking into account:

- all electrical costs associated with a world class hosting facility
- cooling (we always add extra AC above and beyond the normal)
- overclocking (which uses more electricity)
- dual network costs (including a 500Mbps and 4G LTE wireless backup because lost packets = lost BTC)
- Estimated 20 min Server Grade UPS/Battery banks with gas generators for longer outages
- business insurance
- business permits/licenses
- employee wages to have a 6 member 24/7 pro miner support team
- Also: 5 IT experts/veteran miners that actually gives a crap about the miners they're hosting.

You *could* just plug it into a wall somewhere and run it and troubleshoot it yourself, but that is nowhere near a fair comparison to the all in one miner hosting service that we're offering, and is an apples to oranges comparison.

To be brutally honest as a pro IT Network Engineer, quotes for a Baby Jet type miner to be hosted at typical pro datacenters ran in the $1.5-2K per month price range for comparable (or even lesser) services. No joke. I should know because I already did the legwork during R1 when I was still a noob GBC. Feel free to solicit your own quotes if you don't believe me.  

I say lesser service in most cases, because their focus at a pro server colocation facility is *not* miners and they would be lost if they had to locally troubleshoot a miner without mfg. support. You can't always fix a miner remotely, and having a "lost" miner support team is no bueno, when time is dinero.

From OP: "We're collecting funds for two (2) Antminers for a combined hashrate of about 360 GH/s."

We may be able to overclock them to 400 GH/s total, but we'll have to vote to void the warranty to get extra hashrate at extra risk.

Since its 2 rigs, it uses twice the electricity so the fee would be $275 per month for each miner or $550 monthly total per subround. We just group 2 Antminers together as a subround to get a usable hashrate that's Industrial Class sized, and for accounting purposes.


==

BTW: Sushi and bobsag3 met up last night and had dinner. He dropped off some hardware for bobsag3.

Hi Doeboy,

Question 1: To answer this: we don't know, and to tell you any different is to make stuff up. I've given my opinion on the matter earlier in the thread a couple pages back, but the "official" date given by BA is mid-March FWIW. I hate to say it, but we as miners all have to find a comfortable balance between being too soon or too late on a deal (or whether to pull the trigger on a deal in the first place), and that's a decision that we all have to come up with on our own.

Question 2: If the price is reduced in two months that has zero bearing on the price of these available shares at this particular time. If anything, I expect the price may actually increase as the delivery date nears, as in-hand or near-term hardware still has a premium over far off pre-orders. For example: Early R17 buyers benefited by having lower priced shares locked in with the February orders.

I'm fond of KnC, and see them as the gold standard as far as ASIC mfgs. at the moment. However, this March R17zj (or R17zk) sub-round is still a better hashrate value than a Neptune due to be shipping as early as April but if things hold to form, will most likely be shipping closer to the end of June, if we're all being honest about this biz.

Cheers.

Hey floatyfish,

Thanks for reading!

Here's what's available:

There are 12 shares available at about $50K each. Details as follows:

- $50,065.00 for 1/16 of two wells which is a 6.25% Working Interest. This is known as the cost of the project.

- Each share is worth 4.6875% Net Revenue (ie. the share of the profit) of this offering.

There's always a risk of a dry well but a working well can payout for 10-20 years in most cases versus 6-12 months for the typical ASIC rig.

(Credit to veteran DZ MC member amer for suggesting this to me via PM)

I've set up a subreddit thread where you're free to trade your DZ MC GB shares with other buyers and sellers.

We strongly discourage refunds on GBs due to the chaos they cause (esp. on paid BTC orders) but selling your share to someone else without a 1.5% refund fee is a great path forward in many situations where funds are somehow needed for short term emergencies, as there is a ready pool of DZ MC members looking for hashrate from previous Rounds. [Reminder: new buyers *must* pay a 0.75% 0.01 BTC share transfer fee before this ownership transfer is officially recognized by the co-op. This fee is also now put in place for *any* wallet address changes from the original wallet address.]

We've done or are doing 21 rounds of BTC fundraising (many with subrounds) for Industrial Class Rigs in only 4.25 months! Here's your chance to either buy or sell GB shares from any one our twenty one Rounds of fractional ownership of Bitcoin (and even LTC/ALT) miners.

Cheers!

http://www.reddit.com/r/dzminercoop/comments/1ts2xb/find_a_buyer_or_seller_for_your_dz_mc_group_buy/

==

If you're unfamiliar w/ our sub-reddit, it's our backup form of forum communications if/when this forum goes down. It also allows us a sidebar-type method of communication.

You'll need to register with Reddit to use it, if you're not already registered, but this will allow us to help keep forum discussions focused on things relevant to all of the round's members.

Yes, it's a strange problem we sometimes have with our Version 1 site combined with the success we've had.

One time we even had a lady or gentleman place an order in before we had the GB round offering ready.

Before we were ready to list it on the forums, we only had the mfg., hashrate, and price listed in the title, with a site description that literally said: "Placeholder text" and he sent us a payment for some shares. That was a first and a source of some surprise and amusement that someone would trust us to fill in the blanks later.

Are you sitting on a bunch of BTC and you need to diversify? Invest it with our partners and we'll get you into oil and gas directly from Bitcoin! This is a follow up offering to what was a world first! These particular well prospects are located in Runnels County, Texas.


==

Here was our first BTC for Oil & Gas Working Interests in Texas which was announced on Twitter on Dec. 2:

https://bitcointalk.org/index.php?topic=361598.0

==

Looking to diversify from virtual currencies to tangible items? Since the first offering was such a success, we're offering another round!

Bitcoin has helped bring together world experts in various fields. When you combine the Group Buy Forum's largest Miner Cooperative - DyslexicZombei's Miners Cooperative - with bobsag3's Miner Hosting LLC and Balanced Energy, LLC one of the most innovative and forward looking small oil companies in Texas: Balanced Energy LLC, you come up with opportunities for new cryptocurrency ventures, and great deals like this one!

We are trying to connect the world of Bitcoin to natural resource development projects. Be part of investing with the first company to take cryptocurrency for working interest, you can now invest Bitcoin directly into an oil well of your very own in Texas!

On a first come first serve basis, and if you missed out on our first offering which sold out, ownership is wide open for these particular well prospects. There is always a risk for a dry hole.

We get a finder’s fee for hooking you up with the deal.


=====


If you are an Accredited Investor interested in participating and the following statements apply to you please contact us:

A. Participant has experience and knowledge of finance, securities and
investments generally so that Participant is familiar with and understands the
terms, risks and merits of participation in this Prospect;

B. Participant is an oil and gas exploration company engaged in exploration for oil
and/or gas, or, alternatively, Participant represents that he, she, or it is
knowledgeable and understands the risks associated with oil and gas exploration;

C. Participant has entered into this Agreement without solicitation and
acknowledges having received, reviewed and understood all of the information
with respect to the interests offered herein that has been requested by Participant
or offered by Balanced Energy;

D. Participant acknowledges a net worth in excess of ten times the amount of its
investment herein and represents it has the financial capability to withstand the
entire loss of Participant’s investment.

E. Participant has the legal capacity and authority to enter into this Agreement and
that upon execution hereof, this Agreement will be binding on Participant in
accordance with the terms hereof.

F. Participant has conducted such independent investigations as either Participant
or Participant’s representatives deem necessary in order to evaluate the merits of
an acquisition of an interest herein.

==
North Guitar, Runnels County, Texas Prospect packet (3.5MB): https://www.dropbox.com/s/gdeijle1fm6sp1x/North%20Guitar%20Prospect%20Packet.pdf

North Guitar Participation Agreement: https://www.dropbox.com/s/wbgducf69qg2cdt/North%20Guitar%20Participation%20Agreement.pdf

http://balancedenergy.co/
http://dzminercoop.com/

Please make sure to read this prospect packet and participation agreement before investing in this BTC for Oil and Gas offering #2.
Please send a PM to thomas_s. or myself for follow up questions.

Hi Tasweb,

From Thomas's OP:

International please send me a PM for quotes (must be 25 or more).

He has to custom create a shipping order estimate based on your Intl. location, but only if you order 25 or more.

Hey Doeboy,

Thank you very much for your trust and for your compliments! We never get tired of hearing compliments.  

I'm of the mind that it makes more sense to build a business over the long term (instead of scammers trying to make a quick buck...while living with a constant fear of finally being caught), and that it makes more figurative sense to make a dollar off of 100 people than a hundred dollars off of one person (credit: Andrew Carnegie).

As for the shipment date, it's still Batch 1, it's just that they can't realistically ship everything in one day, and my sense is that they're being conservative as to the shipping date to give them some wiggle room which allows a mfg. to underpromise/overdeliver, instead of the opposite.

Neat factoid: the owner of BA is not Han Chinese and is a Westerner (although I won't say which country). This could partially explain why BA, a Hong Kong based mfg., is so aggressive and willing to expand in Western markets compared to other Asian based ASIC mfgs.

Hi Bitcoiner12,

Thank you for the kind comments!

If you wanted to apply GB shares directly to an LTC mining rig, you could skip the 1.5% restock fee that's usually incurred.

Also, in this GB, and in most GBs offered by most GBCs, GB refunds are usually no longer available once hardware is shipped, but since this equipment is delayed in starting until Sunday, we can apply any of your GB shares to an LTC rig.

Cheers.

Hi mboehler,

I have some good news/bad news to deliver regarding R21x:

Good: This hardware is enroute
Bad: However, this equipment won't be set up until Sunday. Miner Hosting LLC, our primary host company just finalized paperwork for our facility #2. a 6000+ square foot warehouse designed and staffed just for crypto miners, so that we can serve you better and offer room for future expansion.

Good: Because of this delay in start of hashtime, R21x will have discounted hosting for the first month at 50% off!

This offer is only available until R21 begins hashing on Sunday.

Hey Bakal, we decide as a group if a pool switch is needed except for R20 which will be multi-coin/pool mining with GPUs.

==

Merry Christmas everyone! If you celebrate or don't celebrate this holiday, my toast of good cheers to you and yours is still the same. I'm thankful for our customers and I'm thankful for you co-op members that have helped make this co-op the success it is today by helping us improve things over time and helping one another out with knowledge. 5 months ago I had no idea I'd form the biggest public co-op in the world for BTC mining.

It's an honor to be the founder and co-leader of a co-op full of so many like minded miners, and I'm both humbled by our success and very thankful to have met my co-leaders, which has resulted in round after round of world class values, and a crypto umbrella company founded upon the core of the DZ MC (with the co-op shielded as a sub-company).

Here's to a successful 2014!

Mahalo to everyone that bought into this round for KnC. They are the gold standard for releasing ASIC miners IMO.

Merry Christmas everyone! If you celebrate or don't celebrate this holiday, my toast of good cheers to you and yours is still the same. I'm thankful for our customers and I'm thankful for you co-op members that have helped make this co-op the success it is today by helping us improve things over time and helping one another out with knowledge. 5 months ago I had no idea I'd form the biggest public co-op in the world for BTC mining.

It's an honor to be the founder and co-leader of a co-op full of so many like minded miners, and I'm both humbled by our success and very thankful to have met my co-leaders, which has resulted in round after round of world class values, and a crypto umbrella company founded upon the core of the DZ MC (with the co-op shielded as a sub-company).

Here's to a successful 2014!

That's right... With a large grain of salt knowing that stuff happens even w the best (or worst) intentions.

Crossing fingers!

==

Merry Christmas everyone! If you celebrate or don't celebrate this holiday, my toast of good cheers to you and yours is still the same. I'm thankful for our customers and I'm thankful for you co-op members that have helped make this co-op the success it is today by helping us improve things over time and helping one another out with knowledge. 5 months ago I had no idea I'd form the biggest public co-op in the world for BTC mining.

It's an honor to be the founder and co-leader of a co-op full of so many like minded miners, and I'm both humbled by our success and very thankful to have met my co-leaders, which has resulted in round after round of world class values, and a crypto umbrella company founded upon the core of the DZ MC (with the co-op shielded as a sub-company).

Here's to a successful 2014!

Sorry, You may be too late for the Feb. batch but Thomas will confirm when he's caught up.

==

Merry Christmas everyone! If you celebrate or don't celebrate this holiday, my toast of good cheers to you and yours is still the same. I'm thankful for our customers and I'm thankful for you co-op members that have helped make this co-op the success it is today by helping us improve things over time and helping one another out with knowledge. 5 months ago I had no idea I'd form the biggest public co-op in the world for BTC mining.

It's a wonder of modern technology that a guy sitting on a massage chair talking to an iPad is writing to all of you around the world having founded said co-op in my part time when not working as an IT engineer on Kauai.

It's an honor to be the founder and co-leader of a co-op full of so many like minded miners, and I'm both humbled by our success and very thankful to have met my co-leaders, which has resulted in round after round of world class values, and a crypto umbrella company founded upon the core of the DZ MC (with the co-op shielded as a sub-company).

Here's to a successful 2014!

Hey guys just wanted to add that I am glad to offer you gals and guys a drama free sales outlet and miner host. 

Merry Christmas everyone! If you celebrate or don't celebrate this holiday, my toast of good cheers to you and yours is still the same. I'm thankful for our customers and I'm thankful for you co-op members that have helped make this co-op the success it is today by helping us improve things over time and helping one another out with knowledge. 5 months ago I had no idea I'd form the biggest public co-op in the world for BTC mining.

It's an honor to be the founder and co-leader of a co-op full of so many like minded miners, and I'm both humbled by our success and very thankful to have met my co-leaders, which has resulted in round after round of world class values, and a crypto umbrella company founded upon the core of the DZ MC (with the co-op shielded as a sub-company).

Here's to a successful 2014!