That's because you're too fast and I was still setting up.  

I should have that stock up in a couple of minutes.

Also, yes in this co-op, we vote on major decisions such as sales date, alt-mining, etc., etc..

We had an earlier R12/R13 mixed order.

This person is being granted an extra share in R13 to compensate for the new lower price in R13.

Thank you!

Round 13 Payment Details (Similar to R7-R11, for the most part)

========================================================================

R13 Orders should be placed here: http://www.dzminercoop.com/?p=514

BTC Payments will be directed to thomas_s via our site for R13 but I will have co-admin to this wallet for auditing or for payments if we're in a rush. We've worked together on 8 different Group Buys with great success including 2 of the fastest GB sellouts in the forum's history for Industrial class Rigs.

For US Customers: for a 3%  fee for USD conversion to BTC, we recommend: www.cashintocoins.com a FinCen compliant MSB who can get BTC sent to the wallet address you want in as little as 15 minutes to an hour.

For Intl. Customers: We are still exploring suggestions for inexpensive BTC conversion but I can recommend www.bitstamp.net at this time as that's the exchange rate used by our payment processor.

PayPal payments (UPDATE): If payment is being made by Paypal place an order on the site and place a note on the order when you place it saying you're paying by paypal...then give whoever you are buying BTC from the order # and the payment address. Please make sure to send it as a gift to "friends and family." This helps keep your share prices as low as possible (no PP fees) and well as protects us against illegal chargebacks after BTC deposits have already been paid out in November. Sorry, this is no longer available. This payment method is "sold out."

If there's any concerns about registering your payment, please follow up with a PM to Thomas or a support ticket. There's two methods to resolve this:

A. Send a support ticket on our website www.dzminercoop.com

OR

B: PM to thomas_s on this site

Subject: DZ HF GB R13, x shares, x BTC
Details: Please include Tx ID, your wallet address for payout, and any concerns you may have about your transaction(s)

==

thomas_s -  Primary GBC for Rounds 5-10. Co-GBC during R3-R7. R2 member. Send BTC payments and questions for R13 to thomas_s . Set up Online Auto Reservations for the co-op!

DZ - Need escrowed Group Buy shares? For a 2% extra fee you get 3rd party fund holding, dispute resolution, and $500 insurance per transaction at BTCrow. [DISCLAIMER: I, DyslexicZombei, am an approved Escrow Affiliate at BTCrow.] Please PM Carbon Copy thomas_s please prior to escrow payment.



NEW! 10/18 UPDATE from Thomas:

"Bobsag3 will be accepting wire transfers (for 20+ shares).

CC payments are currently suspended; we're working on something more long term. Fortunately, Thomas S. works in finance.

Thomas_s will be accepting TD bank and CitiBank (USA) checks (any quantity of shares). At this time no other banks checks are being accepted.

*These payment options are only available for Rounds that don't need BTC conversions. (At the moment the only open Round(s) are 8 and 11)

I've also located the reason for the zombie rounds...apparently there is a bug in the site where it reduces the stock when the order is placed and when it is paid.

The updates on the forum were going by what the site displayed which was effectively doubling what was actually sold so that's where those shares magically popped up from[/color]"

===

Thomas is handling questions and collecting payments for R13 via our site (unless you require Escrow, in which case you can PM me). He set up the automated reservation site and the GB with my input. Great work Thomas, and it's definitely an improvement over me trying to keep up w/ an avalanche of PMs and payments.  

I will still handle or assist in:

- Ordering
- Shipping details
- (Optional) Escrowed GB shares for those that insist on Escrow Protection from a 3rd party for: holding BTC funds, post-sales dispute resolution, $500 insurance per transaction at 2% extra cost to share price. Semi-automated Escrow is done thru BTCrow.
- Remote miner setup
- Remote troubleshooting/
- Incremental overclocking
- Payouts or assist in payouts
- Auditing hashrate vis-a-vis payouts
- Dispute resolution and arbitration, if necessary. [Should be rare as we're all adults that don't need to yell. ]

Refunds: If we can't raise the funds to buy the full 800GH/s, we'll just order smaller modules with less hashrate. Refunds are discouraged because of the chaos caused in Group Buys, but if necessary, you will be refunded before the miner ships, at a 1.5% restock fee. After the miner ships, no refunds are available.

By sending payment, you agree to these Refund terms before purchase.


NEW (10/21) Share Ownership Transfer Fee: There is now a 0.75% Ownership transfer fee if you're buying someone else's DZ MC co-op shares. We put a ton of time, money, and BTC to offer the GB community many of the world's best at-cost and below-cost deals. Refunds and share transfers cause chaos and extra work for us.

This 0.75% share transfer fee *MUST* by paid by the new owner before we will transfer share ownership.

I am so sorry but this offer is CLOSED INDEFINITELY. We are refunding everyone as soon as orders are confirmed on Thomas's spreadsheets.

This will be done in batches and you *will* get your refund back.

After conferring with legal staff and our board of directors, I have decided that we (I) jumped in too early and that this is much too risky for a startup.  
We actually had a lot of legal counsel today offsite. It turns out that *no one* has attempted to do this so far. There's zero case law to refer to.

We are refunding everyone and freezing sales. The legal morass is just too much to deal with right now for a small startup.

If you're willing to buy a machine that needs management services, please talk to us.


==

We are looking for Qualified Investors. We are also looking for potential locations for said ATMs. Please contact us for discussions if you'd like to work with us.

We are looking into our public proof of concept. We still intend to come back for the US launch, it all depends upon Washington DC and what state governments decide as far as laws/policy.

Oh, do tell? We are all ears. We have an oil/gas contracts expert on-board, but honestly, any help to navigate this legal international morass is greatly appreciated. We may be able to work out a BTC compensation for your services.

We really, really wish we could just give you guys partial ownership for life. Believe us: if there's a way to give you guys partial ownership for the life of the ATM outright, we'd take that option in a NY minute.

We are still reserving this option as our first choice, if this becomes feasible.


===

FWIW, for those worrying about the legality of an offering running afoul of SEC laws, there is an exemption for "offerings of limited size."

"Not all offerings of securities must be registered with the Commission. Some exemptions from the registration requirement include:

    private offerings to a limited number of persons or institutions;

    offerings of limited size;

    intrastate offerings; and

    securities of municipal, state, and federal governments.

By exempting many small offerings from the registration process, the SEC seeks to foster capital formation by lowering the cost of offering securities to the public."

http://www.sec.gov/about/laws.shtml

Digging through it again, I could not find any clarification as to what size of an offering will trigger mandatory SEC registration.

==

Pertaining to ROI payback: if you invested $123 in a share, with a 300% ROI guarantee, you will receive the BTC equivalent of $492, or 4x your original investment.

Again, our first choice is to give you outright ownership if we can legally square this away, with this 300% ROI guarantee of 4x your original investment as our 2nd option we *really* don't want to take, but may be forced to at this early stage of our startup's operations.

There may be changes...as legal advice becomes more clear and laws/policies come to fruition. We will be giving a no restock fee refund option if the terms have to change yet again. There may be minor tweaks to the wording but the details of this compensation just listed is to be considered as binding and in place as the structure and language we will be using for the foreseeable future. As in: if you buy in now, you should expect a 300% ROI within 2 years or less.

We're more than willing to raise awareness so that local governing bodies can stimulate economic growth by adopting Bitcoin. We would have preferred to have given you outright partial ownership, but to do this at this point could get us in big trouble and stop us in our tracks.

My promise to you: If it becomes legally feasible for this US based Corporation to give Group Buyers outright partial ownership in the near future then we will go down that path immediately (and any funds already spent backing this launch would be applied to this, if possible).

==

Also, its Germany, then Amsterdam. I'll likely fly over to the EU for this. We'll spend a few days in Germany, then launch in Amsterdam.

Hey madpoet,

for purposes of pay back calculations, this is calculated in USD (which hugely simplifies things). However, during bi-weekly payouts, your payouts will be paid to you as BTC (calculated at USD values to pay you back over time at 300%) in order to compensate you for helping us with our International Launch. The calculation for the bi-weekly payouts are calculated at the current exchange rate of Bitstamp.

February delivery for Amsterdam.

For Europe: Everything else does not have a solid timeframe yet except for early to mid 2014 (for 2nd EU GB ATMs: April-June, most likely )

Legal hot water. We understood that the new terms may upset some people. As miners just like you, it would actually have been our preference to give you straight ownership for the life of this, but our hands are tied at the moment.

However, this is a guaranteed triple payout on ROI in two years or less.

[Disclaimer: Not your lawyer, financial advisor, or mum.] There is *nothing* going on in ASIC mining anywhere that is giving out these guaranteed ROI estimates. Please check FCTaiChi's chart and see how well this compares. This may be a semi- apples to oranges comparison, but the comparison is valid, as the same funds in consideration for a miner may also consider backing a GB ATM.

Also: this is both a self-serving and a noble venture, as it increases widespread adoption of BTC, which will only benefit us all in the long run. We are going to be saving so many families and individuals a lot of money in remittance and CC fees, all over the world.

==

Also, people who do back this launch will be given special considerations that are exclusive, just for our BTC ATM backers. I can't go into detail about this yet, but if you ask any of our veteran co-op members, we always go above and beyond to help and service our customers.

Thank you! We're a community and one of our strengths is the community itself, so community support / input is always appreciated here.

This early in the game, it's not an exaggeration to say: "the world is our oyster."

I've been told by the CEO of Robocoin, that at this point: we can place our pieces as we see fit.



===

These are the variables I'm seeing which affect our decisions with regards to launch markets.


First criteria: a Bitcoin friendly govt. and business environment. Preferably, there is an official friendly policy in place regarding cryptocurrencies.

Second criteria: A large, technically literate population that is favorable to the adoption of cryptocurrencies.

Third criteria: I'm favoring a nation's capital, whenever possible, as these tend to be the hubs of Intl. flights, in which case, these ATMs are going to revolutionize money remittance and business/personal travel fund transportation (the container of the cryptocurrency funds is either in your head or on a slip of paper).

Fourth criteria: our own business contacts in these various countries. We need reliable operators, contractors, and hosts anywhere we launch.


===

You and any others are free to start up a thread or continue the thread here, WRT to BTC ATM placement. I've used Survey Expression before, but my time seems to be at a premium lately, and I def. don't have time to set this up, if you'd like to be a community lead for this.

===

Also, please keep your ATM suggestions coming! Now is an amazing time to truly be on the groundfloor of this opportunity. Your suggestion could literally make the difference in an ATM being installed in Hong Kong instead of Shanghai (a suggestion I'm implementing), or to add ATMs to Singapore or the Czech Republic (noted and added to list I'm working on).

With a good Bitcoin ATM placement recommendation: You may be able to brag to people that *you* were the one that helped get your country's first (or among the first) Bitcoin ATMs (and point them to the proof here if they don't believe you).  

And if you're in a target market, with a high traffic area under your control, please consider hosting one of these Bitcoin ATMs in your country to help Bitcoin's mainstream adoption, and make a profit via hosting fees while you're at it.

Also, as of this week, as CEO of this new corp. I will be splitting my weekday workweek 40/60: 40% on this new corporation, 60% at my Research Lab.

If things proceed well, I may have to resign from the lab, to take up this work full time. I'm sure you guys wouldn't be too upset about this news.   

Stopping by for a short while, Thomas will answer your inquiries when he gets caught up (and gets off his job job, instead of his fun job).

Here is the updated compensation plan for our backers, calibrated to keep us out of hot water. After reaching enough funds to cover our first machine we feel we need to clarify the terms of this deal:


============================================================================================================================

- 300% ROI is Guaranteed within 2 years, after which the ownership of the machine reverts back to us.[For legal purposes: even with these terms, backers cannot own the ATM, but can receive net profits from it]

- BTC net profits paid to you will be calculated as part of your compensation for backing the International Launch of GB Robcoin ATMs.

- Our trade is 100% of the cost for 80% of the net return.

- ** Payment is considered as acceptance of these terms. **

Basically we are guaranteeing 3x return on your investment within 2 years or less, then it truly and fully belongs to the corporation (for comparision: no miner mfg. in the industry can offer this guaranteed return).

- The 2 year payout period is the maximum time needed to pay back our backers; this time frame could be even lower depending on cash flow and our ATMs revenue.

You pay 100% of the machines cost and receieve 80% of the profit. The machine gets 20% (goes to our Corporation) until you are paid 3x the price you paid us (priced in USD).

============================================================================================================================

The terms above supersedes previous compensation terms. You may ask for a no restock fee refund at this time, if these terms are unacceptable.

The terms above are meant to keep us out of legal hot water, while guaranteeing you a 300% ROI in 2 years or less on a Robocoin ATM or ATMs.

We have had two orders cancel due to the delay of the US launch, but those slots were instantly filled.

Great catch! Fixing OP.

Feeling sheepish...

Thank you for the feedback!

Here's the latest update on target markets for our new corporation's pro activities for launching Bitcoin ATMs. This list is subject to change but is most likely 99% set.

Round 14A: Düsseldorf, Berlin, Germany (SOLD OUT in 6 hours, a GB Forum record by ~100%)
Round 14B: Amsterdam, Netherlands (OPEN)
Round 14C: Mexico City, Mexico
Round 14D: Brasília, Brazil [Home of Summer Olympics 2014 2016]
Round 14E: Caracas, Venezuela
Round 14F: Shanghai, China
Round 14G: Tokyo, Japan
Round 15H: London, UK
Round 14I: Sydney, Australia
Round 14J: Stockholm, Sweden
Round 14K: Johanessburg, SA

Please give us your suggestions for Bitcoin friendly countries for our ATMs! Your feedback really does count.

Better yet, why not host one and make some BTC?

That's correct. Why do I get the feeling that my fellow Redditors will love this particular ATM and GB.    

BTW: to you and to everyone else that are new to our operations - thank you and welcome aboard!

Cheers!

Correction from Jordan, CEO of Robocoin:  

"the first ATM that launched in a city of 600K residents, appears to have made annual project ROI goal of 9 months, in only 2 days!"
[6:47:27 PM] Jordan Kelley: - that statement is incorrect
[6:47:42 PM] Jordan Kelley: we've done >50K in transactions
[6:47:45 PM] Jordan Kelley: not in revenue"

Updating OP to reflect information.

==

Also as to whether ROI has been met or not for the first BTC ATM, per Jordan: "We still don't have enough data to present accurate pro forma revenue assumptions"

Here's the latest update on target markets for our new corporation's pro activities for launching Bitcoin ATMs. This list is subject to change but is most likely 99% set.

Round 14A: Düsseldorf, Berlin, Germany (SOLD OUT in 6 hours, a GB Forum record by ~100%)
Round 14B: Amsterdam, Netherlands (OPEN)
Round 14C: Mexico City, Mexico
Round 14D: Brasília, Brazil [Home of Summer Olympics 2014]
Round 14E: Caracas, Venezuela
Round 14F: Shanghai, China
Round 14G: Tokyo, Japan
Round 15H: London, UK
Round 14I: Sydney, Australia
Round 14J: Stockholm, Sweden
Round 14K: Johanessburg, SA

Please give us your suggestions and preferences as to where YOU would like our next ATMs to be placed. We're a democratic miners cooperative and for purposes of general direction, we'll yield to public forum sentiment (and accommodating business laws in various countries).

PP is currently very BTC unfriendly (no thanks to some bug still being a worm) but as a fully incorporated Corporation, we will have the usual ecommerce options available for our business operations.

BTW, I guess I should add that as of today, I am the CEO of this X (To be named later when PPW is back) LLC. We've filed incorporation papers in Nevada but will likely move registration to an international location shortly (while still paying full US taxes).

I had no idea 3 months ago that I'd be a CEO of a mover and shaker in the Bitcoin economy and Miner industry. I'm also going to be working 2 weekdays, the entire day/night, for our new corporation starting this week.

Heading to dinner in a bit, working behind the scenes all day. US residents can *definitely* participate.

I live in Hawaii, Thomas is in NY, -Redacted- is in Minnesota, bosag3 is in Missouri, and our contracts expert/business consultant/oil VP is based in Texas and works on oil and gas contracts for a living. Payments sent via BTC will have taxes paid for as part of the costs of business and have business service fees while doing business in a legal manner.

The recipient of BTC payouts will be expected to pay relevant taxes on BTC earned from their participation in this GB Round. We want to support lawful tax payments, and contributions to our society and the infrastructure we all rely upon every day.

I admit to moving before we were ready as there was a East Coast site I was keen on securing, that I've been dissuaded by our business consultant to launch (not quite yet) at this particular region.

Working on the prospectus, sorry, I'm awful. I promise to have a bare executive summary up tonight.

BTW, the CEO of Robocoin loves this GB and loves the primary location we suggested for the EU. I'm meeting him via skype in a few minutes with the team (or parts of it).