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Refund request sent to the minersource email for 3 shares.
Just received my refund. lucky dog, I emailed before you, no response Mine was only for 3 shares, so that may have had something to do with it. I can say that I trust Matt. You will eventually get a refund... just maybe not on the timeframe you would like. |
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Refund request sent to the minersource email for 3 shares.
Just received my refund. |
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Refund request sent to the minersource email for 3 shares.
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Crazy how DZ just up and disappeared 10+ days ago without so much as a peep.  Im glad you all are at least receiving your refunds yeah they did a lot but not all. I thought they were going to skip out, but they surprised me. Heck Thomas_s went out of his way to fix my doa ant miner s-1 sold to me by sushi-review. The fix was a replacement at no cost. Thanks to him I am now using 4 s-1's in house. they have paid over 300 shares back. Hopefully the rest get done in 1-2 weeks time. I was so surprised about the refunds being paid I decided to keep 5 shares of this round. I used the refund for the other 7 shares to buy one extra ant miner s-1. I have more than enough BTC to cover the rest of refunds, I have been away with thomas and our partners at the Texas BTC conference, And I have all the refund funds on a cold wallet back in Denver. Refunds will resume tomorrow. Did anyone get a refund on the 8th? |
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Please refund my R17 order #654 of 0.80148582 BTC. If you could get this refund in the next batch I would appreciate it, but I understand that this might not be possible with the latest patch.
Below is a signed message from the sending address of 1Bez3S1nTKmK4zT8TEPb4dnyYdx3j34Q38. Please let me know if you need anything else.
Message:
bcabes refund request for Round 17 Order #654 for 0.80148582 BTC.
Signature:
G9Ah1RjJjyciOJcESYMJC6xitgcUQnmb006zKA73lX4Z+2kFj1SjrwuEzn5syOohrjUrQZzkt3KR4PGFuvMgMkc=
PM also sent bobsag. Thanks again for all that you do. I just decided that I did not want to wait any longer.
Nice post we have here. From you to Matt Carson: https://blockchain.info/tx/5c6690d973e2f3fb3bb6ac76974e4e872818fddb66ba7f1b7f5fe9e158e39437Matt Carson to Matt Carson to Coinbase: https://blockchain.info/tx/1133ef4cbdcef5187c805c2f5e52646d304fd56d1cdd7b0839d7243058c7deacFor the life of me, I don't see nothing going to anything resembling Black Arrow. Hey, Matty Boy! Would you be so kind as to point out which one of them addresses was supposed to be Black Arrow's to pay for bcabes' miner, acting as the official vetted US reseller? BTW, we know it ain't this one https://blockchain.info/address/1AujZB4GuL7EueGDVBAb6Qc4nweaKoED3c, for that's the one you donated from to Sean's Outpost via my Mega Thread. FYI, I wouldn't even be in this thread now if three people hadn't PM/emailed me expressing a concern, all linking to one of the latest posts. I'll tell you what, bud. It must be terrible being you right about now with so many people bailing on your scammy ass, along with possibly your other product line  getting low, if you know what I mean, bud. Are you trying to imply that I am scamming? Just not sure what you meant. The payment was made to bobsag3 through the DZ Miner Coop. I don't care if those specific bitcoins were the ones that were sent to black arrow. I am okay with the way that bobsag and others with the DZ Coop have handled this whole ordeal. Could it have gone smoother? Absolutely, but I don't think that anyone with the coop is trying to scam anyone. |
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Please refund my R17 order #654 of 0.80148582 BTC. If you could get this refund in the next batch I would appreciate it, but I understand that this might not be possible with the latest patch.
Below is a signed message from the sending address of 1Bez3S1nTKmK4zT8TEPb4dnyYdx3j34Q38. Please let me know if you need anything else.
Message:
bcabes refund request for Round 17 Order #654 for 0.80148582 BTC.
Signature:
G9Ah1RjJjyciOJcESYMJC6xitgcUQnmb006zKA73lX4Z+2kFj1SjrwuEzn5syOohrjUrQZzkt3KR4PGFuvMgMkc=
PM also sent bobsag. Thanks again for all that you do. I just decided that I did not want to wait any longer.
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so 3 more votes in the next 4 hours are needed? if my math is correct.
R9-12 is sold, it will continue hashing until Monday, on which all units will begin to come offline, we will await BTCGuild to not owe us any funds and request a manual payout of both BTC / NMC, the NMC will be converted to BTC and sent to the BTC payout address and will be sent in the payout to occur later that day. thank you thomas Your welcome, we will be changing this slightly as the purchaser would like them all immediately and has said he would simply take over the BTCGuild account we use and change the wallet address to limit the change of worker info, in light of this BTCGuild pays out for 10 shifts he will be paying an additional 0.4 BTC to cover this. Because of this we can do the payout tonight. You can expect the payout within a few hours after everything is moved. so 33 btc across 400 shares = .0825 per share. sounds pretty good to me. Unless I missed something I think you missed a decimal. 29 + 0.4 for at total of 29.4 BTC. Still good but not 33. |
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Sorry thomas forgot to post it- We were offered 28BTC, with the stipulation that the transaction be completed by monday. This is BTC that is on hand, and can be added to the payout on the first to close this out. If we chose to go this route, I will waive tomorrow's hosting fee, adding as little extra to the payouts. ~.07BTC per share around there.
I also vote to sell for my 7 shares. Thanks for all that you do bobsag. |
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I really think that we need to look into selling this equipment. The fees that we pay to the coop are still a reasonable percentage of the total mined BTC, coming in a bit less than 5%. The next pay period, Feb.15, is going to be a much higher percentage and we will probably be at 25% or more by our Mar 1 payout. I know that we are still making btc at that point, but our equipment will be doing over a quarter of it's work just to pay our fees.
Selling Antminers on ebay sounds like it could be a very good idea right now. I think that we, the miners, need to make this decision. I know that the co-op organizers have worked very hard for us but their income doesn't change when difficulty goes up, only ours does. They make $400 every two weeks whether we mine $20000 worth of BTC or $1000 worth. We can't wait for them to suggest selling, we need to start to force this issue.
Actually this is not true, the management fee is a percentage of total mined (0.5%), the hosting fee is what remains unchanged and well that fee is required to keep the machines active / powered. As for selling the units that's fine if everyone / most people want to it will be added to the next payout (as the payout is on the first if the sale happens soon after the payout can be done early as there will be a large amount of coins in the wallet). I think we actually have someone that gave an offer today for all of them but I have to confirm the price. Thanks Thomas. Please pursue that offer and find out a concrete price. Also, it was mentioned that the plan was to sell namecoins once there was a decent number. When are you thinking of selling them? |
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No update on the sell price, but the first 1.6TH of replacement gear arrives tomorrow.
Thanks for the update. Does it look promising or still an unknown 50/50? Won't hold you to anything just asking.. very promising, just time zones are killer Thanks. I am in a similar boat to philipma1957. I was not thinking about selling unil that huge offer was mentioned. Just keep up the good work and keep us posted. If something falls through it is not fair hold you to it. (Or really even possible). |
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bobsag3 is rebuilding the r9-12 hashrate *and* refunding those that were interested in being bought out.
The two goals didn't have to be mutually exclusive. There are more replacement parts/hardware on the way, and lots was learned along the way. Things learned now by both BA and bobsag3 will really benefit the Prospero launch in February IMO.
Thanks for hanging in there guys. As we've seen firsthand: Bullet Runs are about as bleeding edge as you get in the consumer marketplace.
Thank you DZ. Just to clarify for those that were interested in being bought out, would that be at the $287.50 price that was voted on earlier? |
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1) Are you planning on leaving this hardware allocated to this GB going forward to get around 4THs?
I promiced 3.3thash, so I have a duty to deliver at least that much. I will leave as much of the hardware on it as it necessary.
2) What is the price per share going to be? At this point we are one day away from the vote deadline we need to lock this in.
It really depends on the offer(s) we go with.
The most concrete offer I have had so far (IE I could take it now) would be 22.5k for 60 of the ~95 boards running right now. I have had several other offers for 800-1000 per board, but I have not heard back form then yet as far as total amounts and dates.
And yes, Im planning on adding the 8BTC in addition to this.
To me this brings up more questions than it answers. Neither of those two offers are even close to the $287.50 per share vote that we have right now. If we only have 95 working boards those need to sell for about $1210 a board to get that rate per share. 1. What happened to the offer that we are voting on right now. Is that not an option anymore? 2. Are there more boards that are not running that were included in that number? Thanks. |
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Bob,
You really are amazing and are working very hard and that is appreciated thank you very much!
Can we get a final tally on what you have a solid bid please? You mentioned you have several deals that you are working on. With that said now we have a lineup of several different vendors providing the hash rate or the proposed hash rate.
I don't think it is possible to select and educated vote without knowing three factors:
1) Are you planning on leaving this hardware allocated to this GB going forward to get around 4THs?
2) What is the price per share going to be? At this point we are one day away from the vote deadline we need to lock this in.
3) If there is a majority vote either way and not all the members vote will that vote still be valid?
I have asked this several times already and gotten vague responses at best. How can we vote on something without having the information/rules that the vote is going to determine?
I am not trying to be a dick but we are one day away we need this as soon as possible. If you are not the right person to ask can someone else from the GB leaders please chime in?
Thanks
DBA
I can appreciate your desire for clarity. Thomas' response about question #3 was clarified here: https://bitcointalk.org/index.php?topic=328996.msg3893700#msg3893700The way I read that after the 15th if the majority voted to sell, no matter what percentage of the group buy that is, they will sell. |
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I do not have shares here but in another DZ round. In that I proposed an idea but have gotten zero response. I expect the same here but will state it anyway.
I hesitated to post anything earlier as it is none of my business but didn't think about PM'ing DZ about it.
It would be an idea to sell this equipment and use the profits to buy more miners. Only one I know of that is in production is the Antminer S1 units. I didn't do the numbers but it might be a way to continue mining besides going into a new round that won't mine until a later date.
I don't want to make anything in this group buy vote more complicated than sell or don't sell. You idea of offering more mining options for units that are available now is a good one, but I would prefer to see that in a seperate group buy. |
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I have a feeling that a lot of people were eying r17 as their alternative after the refund. Owing to the fact that it's closed (paused?) this could change things fairly significantly for some folks and may change their votes. I would propose, since the options have changed somewhat, that we perhaps reset the votes with the current information. I waited for news from bob but didn't anticipate r17 being closed.
My vote wont change. I did however point to R-17 as a possible avenue for others that wanted to continue to hash. I am ready to live with this no matter the outcome. My vote will not change either. I know Bob is trying and I applaud his effort. But right now we are still at about 3.75 Ghash/share without the Jupiter as I don't think it is fair to count it. This coop has been very fair in supplementing the bitcoin mining, but I don't think that is fair to expect or even request going forward. As far as R17 goes it sounds like the could be another option as soon as more details about the second batch of Black Arrows are figured out. |
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R9-12 should be producing 2.3745 BTC at the current difficulty rating.
As of this writing, the 24 BTC for R9-12 is 1.67354500. The next projected difficulty is showing as 889,752,235 and if R9-12 were at 3.34GH/s this would be 1.8879 BTC for a 24 hour period.
I do appreciate ALL THE HARD WORK Bob has put into getting R9-12 up and running, but if this equipment is not going to be productive, I say we put it to a GB vote and move forward.
I second this, but I think we need some more official way to vote than over the forums. |
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Yes, it's the risk we take. If BTC price takes a dive, we intend to hold the funds for refunds or until the price recovers so that we don't lose buying power (which is the goal) when we complete a purchase.
Please clarify this a bit more DZ. When I read your last comment it seemed to indicate that if BTC takes a dive you would not be able to buy the miner. In this case it is the share owner taking the loss. Right now I have 0.81 invested into 3 mining shares. Right now this is worth over 4 shares. At first I considered asking for a refund just because of the price increase, but in the interest of fairness I admit that I would not want to be refunded if the bitcoin price were to go down less than the valuation when I made my order and decided against it. To me it is only fair if as a Coop it is either one or the other. Either we are locked in at our bitcoin USD price at the time of our order or the number of shares is determined when the miner is bought. I have been very happy with every thing I have seen from DZ and all of the others involved in this Coop. Most of the DZ other group buys opened and closed so fast that I did not see enough fluctuations in price for it to make much of a difference. (My first group buy with DZ was the Bitfury Bullet Run). I would be interested in hearing other thoughts on this. If we don't have enough funds to purchase the unit we will refund or hold to see if the value goes up there is no way we can make a purchase if we don't have the BTC to pay for it, we have closed other rounds early because of a sky rocket in BTC price (round 7 closed with less than 100 shares because of this and each share got extra hashpower because of it). Skyrocket in price means the site determined BTC to be at 200 then in 24 hours the site believed the price to be 400., when these rounds begun it believed the price to be between 650-700 and it was fairly steady on that. Thanks Thomas for the round 7 example. Closing early and increasing the hashrate is another fair way to to it. Everyone involved with the Coop has been both reasonable and fair and I am happy to be a part of it. I was just looking for clarification and you have provided a satisfactory one.  |
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Yes, it's the risk we take. If BTC price takes a dive, we intend to hold the funds for refunds or until the price recovers so that we don't lose buying power (which is the goal) when we complete a purchase.
Please clarify this a bit more DZ. When I read your last comment it seemed to indicate that if BTC takes a dive you would not be able to buy the miner. In this case it is the share owner taking the loss. Right now I have 0.81 invested into 3 mining shares. Right now this is worth over 4 shares. At first I considered asking for a refund just because of the price increase, but in the interest of fairness I admit that I would not want to be refunded if the bitcoin price were to go down less than the valuation when I made my order and decided against it. To me it is only fair if as a Coop it is either one or the other. Either we are locked in at our bitcoin USD price at the time of our order or the number of shares is determined when the miner is bought. I have been very happy with every thing I have seen from DZ and all of the others involved in this Coop. Most of the DZ other group buys opened and closed so fast that I did not see enough fluctuations in price for it to make much of a difference. (My first group buy with DZ was the Bitfury Bullet Run). I would be interested in hearing other thoughts on this. |
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Technically, I purchase the machine from them, then offer it off for sale here. Makes everything easier.
Does that mean that you bear the risk/reward of USD per bitcoin price fluctuations. That is fair to me, as long as you are willing to bear the loss as well as win the profit. |
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For our GBs, we immediately send funds to the vendor or partner, such as bobsag3, once all funds are collected. Payments are made in BTC. BTW, bcabes: we're looking at alternate BTC ATMs, esp. the new one that launched in Turkey that only takes deposits and is supposed to have much less legal paperwork involved: http://www.reddit.com/r/Bitcoin/comments/1qw530/worlds_second_bitcoin_atm_opens_in_istanbul/cdi8y7lAt this time, unfortunately, however: we can only offer our BTC ATM services to qualified investors or groups buying an entire BTC ATM or more. Thanks DZ. Keep me posted, but right now I don't know if I can front an entire ATM. |
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