It looks like there's not too many people in SoCal who want to jump in on this (or they have big bucks and already bought their own units). Since CoinHoarder put his Group Buy on hold I'll open this up to anybody worldwide. I already placed my order for Batch #3 and thought it would sell out by now but looks like the price seems like a barrier to entry for most people.
The building I have been mining in the last 2 years is my wife's office and she's been very accommodating of my GPU farm, so having 3 or 4 Avalon units shouldn't be an a problem. I may even buy a portable AC unit just for them if Bitsyncom thinks its a good idea. The building is very secure with cameras and is located in front of a hospital so it even has security guards patrolling at night.
- A "small" administrative fee of 4% would be paid to maintaining an emergency fund for repairs or maintenance of the unit. Electricity is included in my wife's office lease so for now consider it free for now. Mining will be done on a pool (most likely OzCoin or BTCGuid).
- Dividends would be paid weekly until the group has majority agreement of when to decrease frequency.
- Shipping costs will be taken from the first dividend payment
- The mining pool will be decided by the group. If a consensus cannot be reached I'll mine the pool I deem most stable and profitable.
- Dividends will be paid on a proportional basis. If you contribute 1 BTC, for example, and the unit costs 75BTC, your dividends would be 1/75th of the gross interval revenue (BTC earned minus pool fees and 4% admin fee).
- The unit will be kept mining until it breaks, we all agree to sell it, or the sun explodes - whichever comes first.
- Anybody is welcome to come over and check out the unit.
- If enough funds are not collected to purchase a unit in its entirety the funds will be returned to the sender.
- Minimum investment is 2 BTC.
- I will provide my personal info as well as my wife's info for people in the group. My wife and I are both incorporated professionals and have state licenses in medicine and orthodontics. If we go on the run, we're probably leaving the country
Only invest what you're willing to risk. While it's a pretty good bet that Avalon will deliver in a few months, there is no guarantee that the unit will see a full ROI before it breaks or something happens to Bitcoin. That being said, think about this - if the difficulty stays low enough for ROI under 6 months, some company will most definitely put out more units - be it Avalon, BFL, ASICMiner, Helve.... If you don't mine with ASIC now you may as well give up and just focus on the commerce portion or trading aspect.
If you're interested PM me with your BTC address and the amount you are sending. Send payments to 173eWSr3vMzhZkh75Pg5SZ2MxXxJnkPyig
For reference see my Heatware
http://www.heatware.com/eval.php?id=955I have been trading online since medschool (2000). You'll notice all the AMD voucher games I recently sold after getting my last hurrah batch of 7950s
If you want to invest but want to remain anonymous then just let me know and I'll record you as anonymous - you can reference yourself by the investor #
Show Posts
