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1  Alternate cryptocurrencies / Marketplace (Altcoins) / DZ's Darkcoin MasterNode Services for Full Node Owners: Min. 1K DRK. Batch2 OPEN on: June 19, 2014, 05:59:16 PM
DyslexicZombei's MasterNode Services for Full Node Owners

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

This thread is the Full Node offshoot of the related Community Node thread. 1000 DRK minimum is required for these full node setups. If you have less than 1000 DRK but would still like to participate in a node please keep an eye out in the near future for Batch 4 Community owned MasterNodes. Partial Nodes consist of 10-25% stakes at 100-250 DRK (temporarily closed to new reservations):

https://bitcointalk.org/index.php?topic=626715.0

Five community nodes fully consisting of partial stakes will be launching with RC3. If you're interested in a full node, unless you already contacted me previously about this, only Batch 2 Full Node Reservations are currently open, as community response has been overwhelming for setup and management of Full Nodes by a forum vetted veteran IT Network Engineer.


FULL NODE RESERVATIONS

Batch 1 - Sold Out
Batch 2 - For a limited time: FREE SETUP by a veteran IT Network Engineer & DoD certified InfoSec Specialist. Taking reservations ONLY at this time (no firm ETA however)

Please state RESERVED below to reserve your spot in my Batch 2 Full Node Setup Queue or you can send me a PM if you wish to remain anonymous.
It's first come, first served and Batch 1 of Full Nodes needs to clear entirely before Batch 2 launches.

This thread is also to share information about how clients can prep encrypted Full Node Darkcoin Wallets.

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

Q: What's a Darkcoin MasterNode?
A: From the Wiki: "Masternodes are network nodes, owned by the users of Darkcoin network. They perform the coin mixing service of DarkSend which anonymizes transactions. Users get rewarded with 20% of the mining output per block (without actually performing any mining themselves) through a "voting mechanism".

Masternodes require 1000 DRK to be set up as a negative incentive that disallows one party running or controlling too many of them.

In the future Masternodes, or the Masternode-payment system, could possibly be utilized for providing other kind of services, like blockchain hosting for thin-client functionality.

The masternode payment protocol will be implemented on the main Darkcoin network on May 24th June 20th, as Release Candidate status. For the time being over 100 masternodes operate on the Darkcoin network, however they are not receiving any payments
."

Q: What's different about Full Nodes vs. Partial Nodes?
A: Full nodes have their 1000DRK wallet files controlled by the 100% stake owner. Thanks to RC3: I, the Network Engineer setting up your node, will not have access to the coins directly nor will I know your long, complex passphrase you use to encrypt your wallet(s). This tremendously reduces the risk to the full node owners stake funds by having the coins in controlled cold storage while still receiving the benefits of being a node operator.

Q: How does someone get started?
A: I'll contact you in the order you contacted me whether it's here, Reddit or on Darkcoin Talk. The placing in the Batch 1 Q is dependent upon the date/time you agreed to have me set up your Batch 1 Full Node.

You'll need to get or have your encrypted wallet file ready for me to associate it with your particular node. If you can have this done ahead of time, this will cut down setup time tremendously.

Q: What makes you qualified to run this service?
A: I'm a veteran Network Engineer who has worked at R&D labs, including a National Lab, for over 10 years. I'm comfortable both designing and working with new technology. In the last decade I have worked with tech products with TRL levels of 1-8 and I design custom, secure servers and/or networks for prototype systems for products with TRLs in the 3-7 range.

I've been an online electronics reseller taking advantage of arbitrage opportunities since 2003 with my wife on eBay: rainbowlady03. My first miners sold were 3 Jallys on eBay. I co-founded a large democratic Bitcoin Miners cooperative on the Group Buys forum and ordered 100TH+ of hashrate for community miners since last year (the only main issues are late or non-delivery/refund from HashFast and Bitmine). Since I've been active in the cryptoeconomy I do my best to defend my fellow miners and always have: https://bitcointalk.org/index.php?topic=552830.0

You can also see how transparent I attempt to be with the requisition of these volume priced miners. Because you never know when a company like HashFast is going to call you a liar on their Twitter feed.  Roll Eyes
2  Alternate cryptocurrencies / Marketplace (Altcoins) / DyslexicZombei's Darkcoin Community MasterNode Svcs: CLOSED. Nodes 2 4 5 Refunds on: May 27, 2014, 07:45:27 AM
DyslexicZombei's Darkcoin MasterNode Services

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

8/2 Update: Sigh, seeing too many problems with this RC3 beta software and too much rebuilds and re-activations needed at the moment IMO. Nodes 2, 4, 5 to be refunded late 8/2 with no refund penalty.

I may reopen this service again after RC5 or Version 1.0, if node stability improves a lot.


==

BATCH 1 CLOSED - 1.5% Management Fees, Setup Service Fees Waived

BATCH 2 CLOSED - 1.5% Management Fees, Setup Service Fees Waived)
Accepting Waiting List, new Batch 2 Waiting List sign-ups end 5/31 9PM HST

BATCH 3 CLOSED - (3% Management Fees, 30 15 (Until 6/21 6/18) FREE DRK MN Setup Service Fees, Sign up for B3 reservations end: Wednesday, 6/18 9PM HST.


6/19 Update: Unless you previously contacted me here, Reddit, or Darkcoin Talk regarding a B3 reservation: Batch 3 is now Closed. We're at 5 Community Nodes funded, so far!

BATCH 4 - UPCOMING - No firm ETA, Batch 1 Full node Q must clear first before Batch 4 Partial Nodes become available.
--

7/1 Update: There's partial funds for a Node #5! If you're interested please send a deposit to Batch 3 wallet address and please follow the instructions below.

6/2 Update: Estimated Monthly Operating Costs Per Team per DZ DRK MasterNode: Standard Package, meets FIPAA, NIST, PCI DSS 2.0, SAS 70 standards among others: Only $12 per month per Team for Highest Quality Professional Server Co-location Hosting + Power/AV/FW/DDOS protection! [Batch 1 stake owners are exempt from these monthly fees and management fees]

New! You may now opt to "pay as you go" for pre-configured pro level protection for all of the 5 services listed above + DZ DRK MN Management Services at only $1.50 per 25% MN stake per payout! (250 DRK coins out of 1000 DRK)

Estimated Monthly operating costs do not include a 1.5 - 3% Management Fee. Please see the bottom of Page 2 of this thread for a sample DZ DRK MN payout for a typical 250 DRK coin 25% stake.

Server Setup, MasterNode software installation and configuration, Network Administration, Network Security, & Pen Testing provided by a veteran Network Engineer who specializes in InfoSec and has multiple designed and certified DoD accredited systems and LANs as part of a design and installation history accumulated over 10+ years.

6/6/14 update: we're live on our first community node! Node payment start has been pushed back to 6/18 by Darkcoin dev team.

6/10 update: RC3 launch pushed back to 6/27 to thoroughly test upgrades and patches before public release. This is a good thing as the market tends to punish those who can't protect their own coins key variables & rules (double spending is an example of the abuse of the variables involved).

Devs are also adding the ability to hold the 1000DRK offsite (pref.in cold storage) which also reduces some of the incentive for trying to break into a MN.

With that in mind, we'll launch nodes at a slower pace which allows me to take even more time locking down security, which should be multi-layered and multi faceted, and requires constant attention as to the latest zero days and other cyber threats.

Also: since there's been another two week delay I'm now offering free MN setups for those that sign up before the 21st!

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

Minimum Stake: 250 DRK minimum needed for a 25% stake, client may own entire DRK MN.
Small teams simplify accounting, paperwork and decision making.

We may consider 10% stakes on Batch 3 (Please send a PM if this interests you).

**  By Request: 10% Ownership stakes are Now available for Batch 3 until June 21, 9PM HST! **


Developer Update: MasterNode Payments have now doubled from 10% to 20%!
Source - https://twitter.com/DarkcoinCrypto/status/471332917235290114


New! Earn a 10% referral fee on 2 months of Darkcoin MasterNode Management Fees!

Simply tell your friends about this new service and have them mention your name when contacting us. If your referral decides to have us set up and/or manage their DRK MN, then you get 10% of the Management Fees for Two Months (+ 10% of Service Fees!)! [Offer limited to veteran BTC Talk members to reduce fraud. 10% Referral Fees are limited to members with an activity level more than 25]

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


I hope to offer the first legitimate matching service of vetted network engineers and administrators and those seeking help with securely setting up and/or managing their own Darkcoin MasterNode or DRK MN. I have a long history of helping others, standing up for fellow miners, and NOT taking community funds entrusted to me for volume priced miners that are NOT mine, when I founded DyslexicZombei's Miners Cooperative, the largest Bitcoin public miner's co-op of 2013.

I've discussed my credentials for holding such an important supervisory and security position in these threads below on Reddit:

http://www.reddit.com/r/DRKCoin/comments/268lnf/looking_for_a_5050_master_node_partner/

Helping others and volunteering in my local community is something I do for free:

http://www.reddit.com/r/DRKCoin/comments/26ezfk/traded_all_my_dogecoins_for_darkcoin/
http://www.reddit.com/r/DRKCoin/comments/26ffx8/shibe_herejust_checking_you_guys_out/
http://www.reddit.com/r/DRKCoin/comments/26fmsf/im_thinking_of_setting_up_a_website_to_provide/
http://www.reddit.com/r/DRKCoin/comments/26fvs9/i_want_to_be_part_of_a_masternode_but/

...and all over the internet from here, to Reddit, to Surfermag BB (user KauaiDKer, ID est. 2005), ebay (with my wife rainbowlady03, trust rating 162), and real life.

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

Benefits of running a Darkcoin MasterNode vs. ordering a Bitcoin Miner:

- Appreciates in value over time: One month ago on April 27, the USD value of a DRK node's reserved coins was $1.6K. On May 13, 14 days ago it was $2.7K. Today on May 27, it currently requires approx. $12K worth of reserved DRK to start a node.
- So far: Does NOT depreciate in value at double digits every month like a Bitcoin Miner which continuously yields less BTC as difficulty skyrockets
- Receives 10% 20%! of DRK coins generated on the DRK MN (5/27 dev. Update)
- Provides a revenue stream that pays out in DRK coins, the fastest growing major alt-coin, which has outperformed BTC growth in value tremendously in the last few months.
- To get started: Does NOT rely on an ASIC mfg. that may either keep the funds (looking at you HashFast) or delivers late and/or overpriced hardware that likely will never ROI.
- Coins can be removed at any time (but ownership transfers using separate transactions should be utilized instead of withdrawing coins from the team's 1000 reserved DRK for the MN when switching partial stake owners)

SERVICES OFFERED

1. DARKCOIN MASTERNODE SETUP AND HANDOFF
2. DARKCOIN MASTERNODE SETUP AND MANAGEMENT SERVICES
3. MATCHMAKING SERVICES (Planned)


1. I, or an IT Network Professional I personally vet, will set up and handoff your own Darkcoin MasterNode for a service fee of 30 DRK and/or perform ongoing management services. This includes setting up and securing pro-level protection for antivirus, firewall, and DDOS protection which *must* be paid by the team of 2-4 people setting up a DRK MN. Any used admin accounts will be handed over for Password changes. Beyond normal setup of security, we will not responsible for on-going security and losses incurred due to poor or non-existent security after the handoff. The handoff assumes that the client will have pro level firewall and DDOS protections that we installed kept in place and subcriptions kept active.

2. I, or an IT Network Professional I personally vet, will set up for a service fee of 30 DRK (setup fees are waived for Batches 1 and 2!) and manage your DRK MN for an agreed upon rate of 1.5% (recommended) to 3%. As a benefit to Batch 1-2 Partners for being first to recognize the value of them, these first Nodes will be services will only be managed at only 1.5%!

Payouts are twice a month minus the agreed upon management fee of 1.5% for Batches 1 & 2
. Payouts and accounting of stake ownerships will be handled by thomas_s. , the head of logistics for MinerSource.net and my co-founder of the DZ MC. His integrity in the Crypto community is without question and he has handled literally thousands of BTC worth of the community's funds and mining hardware without issue.

3. (Planned) Please contact me if you are a Network Engineer or Administrator and you would like to help others set up their own Darkcoin MasterNodes. You must be willing to share your personal ID and your LinkedIn info to confirm your credentials to become vetted. So far, I have protected the personal information of about 12 vetted Group Buy Coordinators and/or Miner Hosts on this forum.


** For Engineers and Administrators who are referred to setting up or managing a client's DRK MN, a one time 10% Referral fee of management fees for the first month or 10% of the service fee is sent to DZ for helping to set up this matchmaking service, vetting qualified network professionals, and acting as a marketing agent for network pros. **


Referral fees will go to this DRK address: XuFmZmR5x66gbyR4rKMNBj3wPXzdoybFZJ
3  Economy / Services / Forum Vetting Services for new sellers from the Founder of Team DZ, #6 BTCGuild on: February 12, 2014, 02:22:06 AM
Hi,

If you're a new seller or re-seller, you're going to face a lot of skepticism and distrust from those worried that you'll just take the collect BTC and run.

One way that new sellers can obviate this distrust and meet it head on is to willingly offer your ID and other info to trusted forum veterans who provide vetting services. This ID is kept on record and released only to relevant authorities if the situation warrants it.

My Qualifications:

- Vetted 14 Group Buy Coordinators and/or Miner Hosts in the last 7 months including GB sellers and Miner Hosts such as thomas_s, bobsag3, Dabs, SolarWindMiningCo, and Thyatis, among others.
- Founded the largest public Bitcoin Miner's Co-op: DyslexicZombei's Miners Co-op and we currently sit at #6 on BTCGuild's Team Hashrate rankings, at the largest mining pool around, ahead of teams from countries like Canada, Germany, and Korea:

https://www.btcguild.com/index.php?page=rankings&section=teams

- Been entrusted with well over 1000BTC of the community's BTC without issues

Requirements:

- You'll need to send a clear pic of an ID, a clear pic of you holding said ID, and a social media profile for me to check out (pref. LinkedIn)
- Contact me if you intend to retire from forum sales so that your info can be safely deleted, if necessary
- Please send a Skype contact invite or a forum PM, subject: Forum Vetting Services

Fee:


- The fee is $10, payable in BTC at the current Coindesk exchange rate.
- I will PGP sign your first sales thread stating that I have on hand what appears to be your legitimate photo ID and supporting information.

Disclaimer:

- I am NOT responsible for someone sending a fake ID and fake social media profile but will do my very best to ferret out such schemes, having had some background in ID verification and years of professional experience in Information Security at various Research Labs.

4  Economy / Service Announcements / [ANN] BTC Escrow Alternative: DZ Arbitration Agency on: January 03, 2014, 07:04:33 AM
Please see our new services at: https://bitcointalk.org/index.php?topic=396816.0

The dirty little secret of BTC escrow is...there is no BTC escrow! Everyone offering BTC escrow does not appear to be licensed or bonded for true escrow.

This new service offers the same functionality without all the licensing and bonding, just by taking advantage of built-in Blockchain tools!

==

Here's my profile at Bitrated, for those that are interested and want to go straight to Bitrated:

https://www.bitrated.com/u/DyslexicZombei
5  Economy / Services / Escrow Alternative: DZ Arbitration Agency at Bitrated on: January 03, 2014, 06:51:05 AM


https://www.bitrated.com/u/DyslexicZombei

There are two problems related to Bitcoin commerce for larger transactions:

1) Using traditional methods there are *no chargeback or dispute* systems in place for normal Bitcoin transactions.
2) While escrow is recommended: Traditional BTC "Escrow" services are not true licensed and bonded Escrow services with
business insurance.

An interesting thing about Bitcoin Escrow (and an open secret not usually talked about like the Emperor's New Clothes)...is that there appears to be *no true* licensed and bonded Escrow services for Bitcoin and other cryptocurrency transactions. Since John K. has been incognito - the same person who vetted me - I've decided to approach this market vacuum in the same way that I approached the Group Buys forum: with openness and by sharing the work.

Solution: One method of dealing with the high costs of setting up Escrow Service licensing and bonding...is just to not use it at all, but instead utilize built-in features of the BTC protocol to let you insert a neutral, trusted 3rd party who can serve the similar purposes to escrow...but without the high barriers to entry required by true Escrow licensing and bonding.

It's one of the underutilized beauties of the BTC protocol itself that will likely need to take off if Bitcoin is going to ever be taken seriously by mainstream, neutral users. Using this method, one can make use of an arbitrator to release funds back to a buyer, if fraud has occurred.

Advantages of this method include:

- The ability to reverse a transaction (which you'd want for an expensive transaction) upon valid proof being presented
- The Arbitrator is not required to release funds in the course of a normal transaction
- The Arbitrator *never* has control of the funds, and cannot steal them from the two other transaction participants.
- The private keys involved are never seen on the server side as far as implementation of this API

You can read more about it here: https://www.bitrated.com/

==


Since August, I've provided the world's first Group Buy Escrow Coordination Services for the Group Buys Forum, where I've
helped facilitate seven figures worth of BTC deals, including about 100TH/s of PAID ASIC miners (for comparison's sake
the Elgius Pool is about 110TH/s total) and have coordinated the escrowed buyouts of miners such as this:

http://i286.photobucket.com/albums/ll87/SurfSkateKauai/HashFastDZGroupBuyBuyoutofHashFastOrder616at-cost.png
http://i286.photobucket.com/albums/ll87/SurfSkateKauai/a8295a7b-3c53-4bb6-98ab-f74a3276e00e.jpg

Without any major complaints about fund handling: We've handled well over 1000 BTC in the course of being a community focal point for gathering funds for Bitcoin ASIC miners. Here are some examples of wallets that my co-leader thomas_s and I have used in the course of gathering and sending these funds to manufacturers.

262 BTC - https://blockchain.info/address/1C5R7t1XdVPxUBFUnBWJnRPx7ZMZBgnv7L
600+BTC - https://blockchain.info/address/14YUzGrVPBdCAf6VpJuLVDVciVyzfZJiSu

We can send a signed message from any of these wallets, if necessary. With a model of openness, transparency, representative democracy, and listening to our co-op members, we've built what appears to be the world's largest and most diverse bitcoin miners cooperative.

In addition: Here's our endorsements and trust ratings:


https://bitcointalk.org/index.php?topic=280412.msg2997877#msg2997877
https://bitcointalk.org/index.php?action=trust;u=140437
https://bitcointalk.org/index.php?action=trust;u=138415
6  Bitcoin / Group buys / Trade your DZ MC GB shares with other buyers / sellers at our Official Subreddit on: December 27, 2013, 02:47:50 AM
(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.
7  Economy / Services / Invest BTC in Oil & Gas Working Interest, Offering #2: North Guitar Prospects,TX on: December 27, 2013, 12:45:01 AM
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 finderís 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 Participantís 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 Participantís 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.
8  Bitcoin / Group buys / Guide to the forum's Trust system. GB Terminology & Typical Details of a GB. on: December 21, 2013, 06:31:52 AM
Since it's the season of giving in my home country of the US, I thought I'd take a moment to write up a quick guide to the most common questions I've come across as a GB Coordinator, or GBC, when it comes to the somewhat insular and cryptic niche that is this forum's Group Buys sub-forum.

Some quick tips can help save everyone here some time, which is our most precious commodity, and provide us a common base of understanding for both newbies and vets. I also wanted to point out to newbies how the trust system can provide a vetting method for forum members.


Trust System

This is your forum's method of (hopefully) sorting the wheat from the chaff, so to speak, when it comes to who you might trust to handle BTC deals for you. The scoring system itself is a bit of a mystery to me (something about weighted scores based on rep/activity) but generally:

GREEN = GOOD
RED = THE OPPOSITE OF GOOD

The Red-Green colorblind (and heck, anyone doing Due Diligence) should click the "Trust" button, since they won't have the same visual indicator via colors. (Tip o' the hat to philipma1957)

YMMV and all that, but this is your chance to see how well they've handled other people's BTC from the people involved themselves.

- The first number represents their trust level.
- The second number(s) is/are broken up into 2 sections. The first section is negative feedback / the second section is positive feedback. The numbers represent the strength of the of the votes either positive or negative.

Forum veterans will sway voting strength and Trust levels much, much more than newbies.

The decision to send someone trust isn't to be taken lightly or flippantly. Some people send negative trust to people that particularly irritate them for whatever reason, which is why you sometimes see trust ratings with 0 BTC involved.

Also: don't forget to use it,  Cheesy so that this community can actually benefit from this pretty well done feedback system and tool (except perhaps for the colorblindness aspect). If a GBC, GBO, or Miner Host has treated you fairly or unfairly, then please let the world know!

When perusing reviews, also note *who* is sending feedback. A fun tactic by scammers is to sometimes send negative trust to the very people that they've scammed!  Roll Eyes


Group Buy Terminology

Blockchain = The Blockchain is a permanent, decentralized and encrypted ledger which holds a record of all previous transactions in that particular cryptocoin, such as Bitcoin or BTC.

Hashrate
: Hashrate is a measure of a Bitcoin or Altcoin miners ability to attempt bruteforce cryptographic code breaking of a section of the encrypted Bitcoin Blockchain to hopefully "dig up" some Bitcoin for the lucky miner or miner(s) involved in the find.

KH/s = KiloHash (KH) per second or 1000 Hash attempts per second.
MH/s = MegaHash (MH) per second. This is equivalent to 1,000 KiloHashes per second.
GH/s = GigaHash (GH) per second. This is equivalent to 1,000 MegaHash per second.
TH/s = TeraHash (TH )per second. This is 1,000 GH/s per second, and as of Dec. 20, 2013, is the realm of Industrial Class rigs (of which none have shipped so far from any manufacturer, or mfg.)

GB = Group Buy
GBC = Group Buy Coordinator. This is the person (or persons) who are handling fund collection, ordering, ordering and shipping details, miner ops, troubleshooting, and payouts. Some of these roles may be shared or delegated/contracted to others in GBs run by co-ops.
GBO = Group Buy Organizer (another term for a Coordinator)

Group Buy Shares or "Shares": Are these Shares, like stocks? At this time, no these are *not* considered the same as honest to goodness SEC filed shares trading on a big exchange. Instead, what you're buying into is fractional ownership of Industrial Class miners or GB "shares".

One purchases a share in a GB which should have the terms spelled out somewhere in the GB listing. An example would be 1 share = 40 GH/s for x amount of BTC or fiat depending on how it's listed.

This ownership is usually into perpetuity, or until y'all hopefully decide to sell it together somewhere before it's completely useless as far as hashrate.  Cheesy

Miner Host: The person or persons that are hosting the Industrial Class Miner rig. Hopefully, they have ample power set up as we're well past the era of homes being able to power miners to TH class rigs, without electrical system upgrades. Hopefully they also have insurance or business insurance, cheap electricity, UPS unit(s), AC and fans, experience with miners, and a history of professionally hosting rigs.

Payment Terms


Most GBCs and GBOs are only set up to take BTC. Some do this by choice, some due to the cost/complexity of dealing with CC companies and <shudder> PayPal.

Payouts


Most GBs pay out twice a month. For example, in our co-op: we've settled on the 1st and 15th for BTC GBs and the 7th and 22nd for LTC GBs.

Unless one purchases a mining contract, there is a hosting and management fee that is usually deducted from the miner payouts before they're sent.

Also: you can run estimates all you want with profitability calculators but to be brutally honest it's all "voodoo" in that no one can accurately predict the future all of the time, and calculators are only as good as the data, assumptions, and the algorithms upon which they're based. I would also add that the further out one projects, say: 3 months+, the murkier the estimates become. This is just my opinion and is definitely *not* investing advice.

===

Hope this helps! If you're a GBC or GBO: Please let me know if there's any questions that just always seem to come up from customers that you think should be added here. I didn't want to get *too* technical as we don't really need to go into all the various coins and encryption algorithms in this primer.

Mahalo!
9  Bitcoin / Group buys / [CLOSED] R21x: 2 BM S1 Antminers. $135 = 7.2GH/s. 75% off first month hosting! on: December 17, 2013, 10:21:04 PM
12/30 Update: R21 has been delayed 2 days because facility #2 wasn't ready for us to move into yet due to necessary electrical work.
Because of the additional 2 day delay: everyone that bought GB shares in R21 now gets 75% off the first month of hosting!

==
12/26 Update and Promo:

Good news/Bad news: the equipment's enroute but won't be up until Sunday due to our move to our larger facility #2!
Good news: Everyone that buys R21x shares until Sunday night, 10PM HST on the 29th of the month, gets 50% off the first month of hosting!

12/21 Update: These are now pre-paid.  Smiley

==

By request from co-op members in R15/16 and other rounds, here is the DZ Miners Cooperative's first Bitmain Antminer Group Buy!

We're collecting funds for two (2) Antminers for a combined hashrate of about 360 GH/s. If/when we collect enough BTC for 2 Antminers and accessories, we will put an order in with Sushi's Group Buy to host them at our second world class miner hosting facility.


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


To reserve shares automatically and for easiest spreadsheet export,
please visit the new DZ Miner's Coop website.


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



50 shares available per R21 sub-round (equivalent to 2 Antminers).

http://www.dzminercoop.com/?p=1329


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


TL;DR: $135 = 7.2GH/s plus our DZ MC exclusives:

+ Delivery about 1 week after order payment
+ Access to our world class 2nd Miner Hosting Facility (yup, we done broke Facility #1's capacity). This facility was designed by several IT pros (including bobsag3, -Redacted-, and yours truly) with Cryptomining as its sole purpose. This is the same facility or near the similar facility Black Arrow will be using for US Sales & Hosting for North America; bobsag3 is Black Arrow's official US Reseller.
+ 3 PSU units (1 as a hot spare)
+ Estimated 20 minutes backup time from Server Grade UPS units and Battery Bank
+ Gas Generators for longer blackouts
+ Additional A/C cooling (to explore safe overclocking, if the Group Buy chooses to void the warranty)
+ 500 Mbps Verizon FIOS
+ T-Mobile LTE (for redundancy)
+ access to a 24/7 miner support team focused strictly on cryptominers (including DZ MC co-leader thomas_s)
+ access to 5 world class IT experts who have built the largest public Bitcoin Miners Cooperative in the English Speaking world

Hosting/Management is: $275/month per rig + 0.5% Management Fee. Payouts are scheduled for the 1st and 15th of the month for BTC rigs.

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


DZ Miners Cooperative Roles for this R21 GB:

DZ - Co-op Founder / overall coordinator of the Co-Operative, background role for R21. Founder/CTO of a newly formed Cryptocurrency focused Intl. Corp. called Cypher Trust LLC. Overseeing payouts and Primary admin for Co-op miners, IT Network Engineer, DoD IT Contractor. Primary GBC for R21x. Questions about BTC payments and questions for R20 may be sent to me (please open a support ticket on our site).

thomas_s
- Primary GBC for Rounds 5-21. COO of our new company, Set up Online Auto Reservations for the co-op! Thank you! Send  thomas_s. Business Degree, works in Finance.

bobsag3
: Vetted Co-op member. World's lowest hosting fees for vetted miner hosting at a professional colocation hosting facility in Missouri!  Official Black Arrow US Reseller and US Distributor for Drillbit Systems. New Pres. of our Mining Operations arm of our LLC. Opening a 2nd and possibly a 3rd Miner Hosting Facility due to overwhelming demand!

-Redacted-: Veteran remote admin. DZ MC Co-op Leader.  DoD IT Consultant.

jungle_dave: Vetted Co-op member and Former Electrical Engineer / Network Engineer. Backup Admin for co-op miners, software support.
If you have questions as to how this whole darn at-cost, Democratic Miners Cooperative that's also a mesh network works, please send me a PM or state your concerns publicly as there's nothing to hide in this co-op.  Smiley

Only hurtful or trolling posts will be deleted as we welcome all valued opinions, insights, concerns, and improvement ideas to improve our at-cost (or even below cost) cooperative of about 120 400+ members (so far).


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


Image Credit:   Original Image  



                                       _.====.._
                                    ,:._             ~-_
                                        `\              ~- _
                                           |   _    __.       `.
                                         ,/   /  \    /           ~ - _
                   ..__..-..__...-      /__/  /__                `_ ~~--..__...----...
DZ's Miner Cooperative, Round 21x ..."The little Co-op that could"...


An At-Cost/Low-Cost Democratic Miner Co-operative with low cost fees for world class, vetted miner hosting/management services:only $275 per month per miner rig for R21x!

~120 400 members: 1 Scientist, 7 admitted IT Pros, 3 Network Engineers, 3 Electrical Engineers, 2 Finance Employee, 6 GB Coordinators, multiple vetted host sites.*

*Note: A listing above does not necessarily indicate that this person runs or contributes to the running of the co-operative, but many of the pros listed have made their services available to the co-operative. Also, there could be more than 7 IT Pros, but some geeks are meek.  Cheesy


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

This Co-operative is led by a John K. vetted Network Engineer based in Hawaii, DyslexicZombei or DZ, who gets to design prototype IT hardware and lab/field networks in support of cutting edge research projects, and has been in the line of work of T&E and R&D for nearly 10 years, with 50-60 Hawaii/US Aerospace/IT/R&D/Civ. Engineering Endorsements on LinkedIn. The other remote administrators are jungle_dave who is a former Electrical Engineer and Network Engineer and -Redacted- a UNIX guru and veteran miner. Our local/remote admin is bobsag3, who is also an IT veteran. There are 5 leaders in the DZ MC, with thomas_s and I doing the actual running of the Cooperative.

Mining Equipment will be operated by vetted IT pros or a vetted IT college student, with backup host sites available. Payouts are on the 1st and 15th of the month minus a $150 host fee and a 0.5% management fee, the lowest prices around.

Once sales begin, Refunds are available up until unit ships at 1.5% restock fee. We vote on all buying, shipping, and resale decisions as well as vote on the month to attempt equipment resales after 5-7 months of operations.

Vetted GB Coordinators are encouraged to team up to increase buying power and close out Group Buys quicker. All suggestions are welcome to help improve our Co-operative.

- Approx. total value of GBEC / GBC ASIC/LTC Hardware pre-order sales or pre-sales of shares on this forum by DZ MC since Aug. 15: $650K (before BTC price adjustments)
- Approx. value of DZ ebay ASIC sales (including 10 ebay shares for 3 GBs, worth $1.4K) since Aug.1 : $3.9K

- Several new GBCs and Bitcoin Miner Hosts vetted for free, and several scams pointed out on two BTC related forums.
- Number of FundRaising Rounds completed (many with sub-rounds): 19
- Number of HashFast miners: 2 Baby Jets with paid upgrades, 2 Sierras, 4TH/s+ Total
- Number of KnC miners: 6 Jupiters, 3.6TH/s. 2 Neptunes, 6TH/s.
- Number of Bitmine miners: 2 Rigs, 2 Rounds so far, 3.4 - 5 TH/s
- Number of Black Arrow miners: 80 boards, 3.3 - 4TH /s, 35+ Black Arrow x-3 Prosperos at 2TH/s each
- Total Ordered HashRate: 91.8 TH/s+ Total
- Online Auto reservation system tailored for Group Buys thanks to vetted GBC thomas_s!
- Dual network connections, Server grade UPS units, TWO DZ MC gas generators, and a DZ MC Air Conditioner just for our miners, which will allow us to provide a perfect home to explore Overclocking for DZ MC ASIC miner rigs.
- A VP of his own small oil company in Texas joined us, and is helping us plan and execute future projects. He is now a DZ MC GB Coordinator - working offline deals - and the CEO of the new umbrella Corporation for the DZ MC sub-company and other cryptoventures!



Last order paid: 2nd round of payments for Rounds 17x, Black Arrow Bullet Run (R17x is still available)
10  Bitcoin / Mining / DZ Miners Co-op is now offering BTC Mining Contracts. 50%+ less than cex.io! on: December 13, 2013, 04:58:25 AM
Hi,

As the Founder and co-leader of what appears to be the #1 Public Bitcoin miners cooperative in the English speaking world, I'm happy to announce that we're now offering cloud hashrate in late January. We have co-op members in 5 to 6 continents, and at least 2 island chains.

Prices for our mining contracts are currently (and will usually be consistently) 50%+ less than current cex.io prices for equivalent amount of hashrate!

We're selling all-inclusive 1 year Bitcoin mining contracts:

$593 = 1 year of 25-30 GH/s of cloud hashrate + FREE REVENUE REINVESTMENT program + Hosting/Management fees + DZ MC Exclusives + future discounts on mining contract extensions for Year 1 buyers.

Product Link for our first Mining Contracts: http://www.dzminercoop.com/?p=1223


===

** We are also working on adding an exchange service to our hashrate and hope to have that section running in January/February. **

==

- We have many Full, Senior, and Hero members as happy co-op members/customers. Here are some comments of past customers:

https://bitcointalk.org/index.php?topic=330662.msg3546284#msg3546284

- Here's a partial listing of my online/offline endorsements so far: https://bitcointalk.org/index.php?topic=280412.msg2997877#msg2997877

- List of all of our GBs so far: https://bitcointalk.org/index.php?topic=315198.0

- Crypto related sales/pre-sales so far, since August: $550K+
11  Bitcoin / Group buys / Round 15/16 KnC Jupiter, DZ MC. Please move comments and ?s to this thread. Thx. on: December 12, 2013, 07:45:36 AM
This is the new combined thread for R15 and R16, for DZ Miners Cooperative Knc Jupiters

We're currently having issues with Worker #3 (out of 4). Crossing fingers that we didn't get shipped a dud...
12  Alternate cryptocurrencies / Altcoin Discussion / [OPEN] R20x: LTC/ALT Ultra Power Rig GB! $212 = 144-160 KH/s + DZ MC Exclusives on: December 11, 2013, 08:18:08 AM
{Posting here, as there's increasing interest in LTC GBs and there is no equivalent LTC GB forum available}

You asked for a Litecoin Group Buy or mining contracts...so we responded with a Litecoin Group Buy!

These are Group Buys to own fractional ownership of DZ MC Ultra Power Rigs capable of 3.6 to 4 MH/s in Scrypt hashrate. Each sub-round in R20 will Feature four (4) ATI Radeon R9 R290x GPUs with 4 GB of GDDR5 per GPU. These are the Lamborghinis of the Scrypt mining world.

This LTC GB is meant for those looking to diversify from BTC Buy/Hold, and BTC GBs into Litecoin GBs. Litecoin is now widely seen as the "Silver" to Bitcoin's "Gold"-like standard, and has had massive appreciation in value recently. The network difficulty growth is also much lower in Scrypt mining.

12/11 Clarification:

** We will be doing multipool, even multi-coin mining. I listed this as an LTC GB but we will definitely be mining some of the better known ALT coins when it makes sense, as we're big fans of triangular arbitrage. Payouts will be in LTC (please leave your LTC wallet address for payouts in order comments or send a follow up support ticket) **

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


To reserve shares automatically and for easiest spreadsheet export,
please visit the new DZ Miner's Coop website.


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


25 shares are available in each rig. Each share gives you 1/25th of the rig's hashrate (minus low cost professional hosting/management fees).

If this GB sells out, we simply open up another sub-round called R20B. We can repeat this as needed, as R20x doesn't face the same hardware shortages that are often found in the ASIC Bitcoin miner world, since GPUs and PCs are essentially commodities at this time, as opposed to the prototypes we all get sent (AKA as ASIC miners). Inventory is essentially Unlimited for R20x, so there's no worries about running out of GB shares.


** Each user is limited to only 6 shares per rig/sub-round (6 shares in R20A, 6 shares in R20B, etc., etc.) so that other people get a chance to own a part of the rig, and so that too much ownership/votes don't reside in any one person's hands. Purchases of 6 or more shares will be automatically split amongst multiple GPU rigs/sub-rounds. **


===

Site Link: http://www.dzminercoop.com/?p=1197

1 share = $212 = 144-160 KH/s for 6 months
(unless there's a push from owners to sell the equipment earlier) + access to ultra low cost miner hosting at $300 per rig per month (and a 0.5% Management Fee). We will sell the unit or decide to continue running it before the 6 month mark.

This share price includes assembly/testing/troubleshooting & access to monthly low fixed costs for business insured hosting/management fees in a professional ASIC/GPU Miner Colocation Facility built just for LTC/BTC miners in conjunction with Miner Hosting LLC run by bobsag3.

==

[Per the rest of our other forum GBs, any resales at the 5-7 month mark will have the proceeds split by proportion to one's ownership of that Round's rig minus a 1.5% co-op transaction fee for handling this sale]

Share price includes funds to purchase an entire DZ MC LTC Ultra Power Rig, the assembly and testing, and UPS with battery backup. Hashrate will be split in 25 portions or GB shares.

Comparison: with shipping, an R9 R270x video card alone, capable of 450KH/s costs $220-260, before you factor in the rest of the system (case/PSU/RAM/CPU/accessories/assembly/testing/power/cooling) needed to set up and run a power hungry and noisy Litecoin/Alt-coin rig for months at a time.

Hosting and Management fees: $300 per rig per month + a 0.5% management fee, which works out to $12-13 per month per share (~$6 per share per bi-monthly payout on the 7th and 22nd (we alternates payouts with BTC rigs, which are paid on the 1st and 15th)).


DZ MC Exclusives include multiple Server class UPS units and battery banks, multiple gas generators, dedicated extra Air Conditioning plus access to 5 world class IT experts!

Note: For those wondering - R9 R280x GPUs are in too short supply at this time for us to have confidence that we'll be able to get these models in the volume we need, at the time of ordering. If R280x supplies appear to have greater supplies in January/February, then we may consider revamping future R20x- based GBs.

==

Individual purchases will be batch processed a few times a week. Please don't be alarmed if your order shows as Processing for a few days. We're still only 2 guys batch processing orders at this time and we're not at the point that we can hire someone yet just for order processing. Mahalo!

Please open a support ticket if you have concerns that your order didn't go thru after 48-72 hours. Also, please check our FAQ to see if your question has already been answered before sending a support ticket or forum PM. Cheers.

P.S.: Pictures included are representative, and may not represent the actual hardware used due to supply constraints. We may actually go to open case aluminum cases if we can secure enough stock.

==


====

DZ Miners Cooperative Roles for this R20 GB:

DZ - Co-op Founder / overall coordinator of the Co-Operative, background role for R20. Founder/CTO of a newly formed Cryptocurrency focused Intl. Corp. called Cypher Trust LLC. Overseeing payouts and Primary admin for Co-op miners, IT Network Engineer, DoD IT Contractor. Primary GBC for R20x. Questions about BTC payments and questions for R20 may be sent to me (please open a support ticket on our site).

thomas_s - Primary GBC for Rounds 5-19. COO of our new company, Set up Online Auto Reservations for the co-op! Thank you! Send  thomas_s. Business Degree, works in Finance.

bobsag3: Vetted Co-op member. World's lowest hosting fees for vetted miner hosting at a professional colocation hosting facility in Missouri!  Official Black Arrow US Reseller and US Distributor for Drillbit Systems. New Pres. of our Mining Operations arm of our LLC. Opening a 2nd and possibly a 3rd Miner Hosting Facility due to overwhelming demand!

-Redacted-: Veteran remote admin. DZ MC Co-op Leader.  DoD IT Consultant.

jungle_dave: Vetted Co-op member and Former Electrical Engineer / Network Engineer. Backup Admin for co-op miners, software support.


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

...And Introducing to the GB Forum: Auto Reservations!

Thank you to vetted GBC thomas_s who has worked hard to put up a site to automate reservations so that there's no confusion and no double orders! It'll also make auto-export to spreadsheets much, much simpler for GBs, going forward.

www.dzminercoop.com

==

Please contact to me for questions and payments or to manually confirm your reservations, but please open a support ticket after 48-72 hours if you have questions about a particular R20 order. If you have questions about Round 20 unit hosting please contact bobsag3.

Since this is a 3.6 - 4 MH/s rig, at 25 shares per rig, that works out to 144-160 KH/s per share for R20x. Unit will be hosted at bobsag3 at the world's lowest hosting/management fees, for a limited time. This should be assembled and built by January 15 (estimated). Incremental and monitored Overclocking will be implemented as we'll be keeping things nice and chilly.

Your share price includes acquisition of an estimated 20 minutes of UPS/Battery Backup + Gas Generator backup, included in the discounted share price to keep BTC flowing during: short outages (blackouts), voltage sags (brownouts), and voltage spikes, as well as to provide power filtering. The special purpose Gas Generators our co-op buying power allows us are meant for providing power during longer outages.


Site Link: http://www.dzminercoop.com/?p=1197

===

If you have questions as to how this whole darn at-cost, Democratic Miners Cooperative that's also a mesh network works, please send me a PM or state your concerns publicly as there's nothing to hide in this co-op.  Smiley

Only hurtful or trolling posts will be deleted as we welcome all valued opinions, insights, concerns, and improvement ideas to improve our at-cost (or even below cost) cooperative of about 120 400+ members (so far).


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


Image Credit:   Original Image  



                                       _.====.._
                                    ,:._             ~-_
                                        `\              ~- _
                                           |   _    __.       `.
                                         ,/   /  \    /           ~ - _
                   ..__..-..__...-      /__/  /__                `_ ~~--..__...----...
DZ's Miner Cooperative, Round 20x ..."The little Co-op that could"...


An At-Cost/Low-Cost Democratic Miner Co-operative with the world's lowest fees for vetted miner hosting/management services:only $300 per month per miner rig for R20x!

~120 400 members: 1 Scientist, 7 admitted IT Pros, 3 Network Engineers, 3 Electrical Engineers, 2 Finance Employee, 6 GB Coordinators, multiple vetted host sites.*

*Note: A listing above does not necessarily indicate that this person runs or contributes to the running of the co-operative, but many of the pros listed have made their services available to the co-operative. Also, there could be more than 7 IT Pros, but some geeks are meek.  Cheesy


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

This Co-operative is led by a John K. vetted Network Engineer based in Hawaii, DyslexicZombei or DZ, who gets to design prototype IT hardware and lab/field networks in support of cutting edge research projects, and has been in the line of work of T&E and R&D for nearly 10 years, with 50-60 Hawaii/US Aerospace/IT/R&D/Civ. Engineering Endorsements on LinkedIn. The other remote administrators are jungle_dave who is a former Electrical Engineer and Network Engineer and -Redacted- a UNIX guru and veteran miner. Our local/remote admin is bobsag3, who is also an IT veteran. There are 5 leaders in the DZ MC, with thomas_s and I doing the actual running of the Cooperative.

Mining Equipment will be operated by vetted IT pros or a vetted IT college student, with backup host sites available. Payouts are on the 1st and 15th of the month minus a $150 host fee and a 0.5% management fee, the lowest prices around.

Once sales begin, Refunds are available up until unit ships at 1.5% restock fee. We vote on all buying, shipping, and resale decisions as well as vote on the month to attempt equipment resales after 5-7 months of operations.

Vetted GB Coordinators are encouraged to team up to increase buying power and close out Group Buys quicker. All suggestions are welcome to help improve our Co-operative.

- Approx. total value of GBEC / GBC ASIC/LTC Hardware pre-order sales or pre-sales of shares on this forum by DZ MC since Aug. 15: $550K (before BTC price adjustments)
- Approx. value of DZ ebay ASIC sales (including 10 ebay shares for 3 GBs, worth $1.4K) since Aug.1 : $3.9K

- Several new GBCs and Bitcoin Miner Hosts vetted for free, and several scams pointed out on two BTC related forums.
- Number of FundRaising Rounds completed: 19
- Number of HashFast miners: 2 Baby Jets with paid upgrades, 2 Sierras, 4TH/s+ Total
- Number of KnC miners: 6 Jupiters, 800-1200GH/s. 2 Neptunes, 6TH/s.
- Number of Bitmine miners: 2 Rig, 2 Rounds so far, 3.4 - 5 TH/s
- Number of Black Arrow miners: 80 boards, 3.3 - 4TH /s, 17+ Black Arrow x-3 Prosperos at 2TH/s each
- Total Ordered HashRate: 55.8 TH/s+ Total
- Online Auto reservation system tailored for Group Buys thanks to vetted GBC thomas_s!
- Server grade UPS units, TWO DZ MC gas generators, and a DZ MC Air Conditioner just for our miners, which will allow us to provide a perfect home to explore Overclocking for DZ MC ASIC miner rigs.
- New! A sixth GB Coordinator has joined the co-op! He's a VP of his own small oil company in Texas and is helping us to cook up a couple of future projects. Welcome Aboard!



Last order paid: Rounds 17x, Black Arrow Bullet Run (R17x is still available)
13  Economy / Auctions / Knc Jupiter (550+ GH/s), Used, Run by the DZ Miners Cooperative on: December 09, 2013, 03:12:23 AM
By majority vote, I'm authorized to offer this KnC Jupiter for auction. This unit is currently being run, with hashrate being sent to both Round 5 and Round 6 of our Group Buys.

Bidding starts at $18K (at whatever the current Bitpay equivalent is at the time of sale). Further info can be found at: http://www.dzminercoop.com/?product=r5-r6-knc-jupiter-used-550ghs-ultra-cheap-hosting-available-authorized-buy-it-now-price

Please send questions to thomas_s. or myself any questions related to this auction. Cheers.
14  Economy / Services / Invest Bitcoin in Oil & Gas Working Interest on: December 07, 2013, 10:02:38 PM
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 world first!

Looking to diversify from virtual currencies to tangible items?

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 small oil companies in Texas, 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, 3 units worth 1/32nd (3.125%) each of the Lake Coleman Prospect are available. You will own a portion of the production of any oil or gas found on these wells. There is always a risk for a dry hole.

We get a finderís fee for hooking you up with the deal. So we get commission and you get your share of the production.


=====


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 Participantís 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 Participantís representatives deem necessary in order to evaluate the merits of
an acquisition of an interest herein.

==

Lake Coleman, Texas Prospect packet (14.2 MB): https://www.dropbox.com/s/xaochvx4zjbn62p/Lake%20Coleman%20Prospect%20Packet.htm

Lake Coleman Participation Agreement: https://www.dropbox.com/s/efipirtehdgng75/PA%20%281st%20in%20order%29%20Lake%20Coleman%20Participation%20Agreement.htm

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

Please send a PM to thomas_s. or myself for follow up questions.
15  Economy / Computer hardware / For sale: Budget and Power LTC/Scrypt Mining Rigs on: November 29, 2013, 10:46:58 AM
We are the #1 Bitcoin Miners Co-operative with ultra low cost Group Buy shares with many exclusive DZ MC Bonuses.

With every co-op leader being vetted beforehand, we are one of the most trusted names on the Group Buys forum.

We've already raised close to $400K in 19 Rounds of at-cost or below-cost ASIC miner GB shares and have 7 Industrial Class miner rigs currently hashing and/or paying out to fractional owners.

We are now offering our services to the Litecoin and Scrypt mining world! Litecoin is goin' off if you haven't noticed.  Cheesy  Wink

We intend to become a premier Point Of Sales for High Quality Litecoin/Scrypt Rigs with 2-4 GPUs.


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



http://www.dzminercoop.com



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



Budget Scrypt Rig: http://www.dzminercoop.com/?p=953

Power Scrypt Rig: http://www.dzminercoop.com/?p=956


===

Estimated returns if hosted with bobsag3 (no guarantees) if started today:

Budget Rig: https://www.litecoinpool.org/calc?hashrate=1200&difficulty=1522.6087795&power=650&energycost=0.05&currency=USD

Power Rig: https://www.litecoinpool.org/calc?hashrate=2400&difficulty=1522.6087795&power=650&energycost=0.05&currency=USD


Hardware is to be batch ordered in 2 to 3 weeks and shipped to your location or hosted with us! Please specify whether you would like this shipped to you or if you'd like this hosted with us (Intl. shipping is extra).

If you have questions please contact bobsag3, thomas_s., -Redacted-, or me (I do have a PM backlog however).
16  Bitcoin / Group buys / [OPEN] R18x: 1 TH/s Bitmine Rig, $70 = 10-15GH/s. Jan. '14 + DZ MC Bonuses on: November 17, 2013, 07:33:25 PM
11/21 update: Sorry, false alarm. 95 shares have been sold. R18A is essentially sold out.

R18B is now open. Party on, Wayne!


[11/19 update: We seem to have quickly sold or had orders placed for over 230 of our 250 total shares that are available!

There appear to be 15 or more shares available in R18. If there is additional demand: we will open a *second* Bitmine Rig GB for R18, to be called R18B.
[/b]

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


To reserve shares automatically and for easiest spreadsheet export,
please visit the new DZ Miners Cooperative website.


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


This is for the 20% off Bitmine Rig Winter Sale. This nominal 1 TH/s rig normally sells for $8909 before shipping and UPS unit.
This unit should overclock to 1.4-1.5 TH/s with proper cooling.

1 GB share = $70 = 10-15GH/s + world's lowest professional miner hosting fees with business insurance from a vetted miner host + 5 remote/local admins + extra A/C, Server UPS units with Battery Banks, 2 Gas Generators, and dual network connections.

100 shares are available but oversales of up to 250 total GB shares are available for up to 2.5TH/s of nominal hashrate.
We will run a Round 18B for those additional 150 GB shares, if necessary.


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


DZ Miners Cooperative Roles for this R18 GB:

thomas_s : Primary GBC for Rounds 5-18. Vetted Co-GBC during R3/R4. R2 member.  Set up Online Auto Reservations for the co-op! Thank you! Send BTC payments to our website and questions for R18 to thomas_s .  PM thomas_s please for anything related to reservations or payment details.

DZ : Co-op Founder / overall coordinator of the Cooperative, background role for R18. Overseeing payouts and Primary admin for Co-op miners. John K. Escrow vetted. Win/Win Deal maker, 3 at-cost or below-cost Miner Buyouts engineered.

-Redacted- : Vetted Co-GBC and remote admin for DZ MC. Also: DZ Miners Cooperative Boxed Set owner!

jungle_dave : Vetted Co-op member and Former Electrical Engineer / Network Engineer. Backup Admin for co-op miners.

bobsag3 : Vetted Co-op member. Lowest miner hosting fees for vetted miner hosting at a professional colocation hosting facility in Missouri! Lowest fees around. OFFICIAL U.S. RESELLER FOR BLACK ARROW. OFFICIAL U.S. DISTRIBUTOR FOR DRILLBIT SYSTEMS.

unknown.usr, mootinator, thomas_s, -Redacted- : Software programming and software support.

==

If you have questions as to how this whole darn at-cost, Democratic Miners Cooperative that's also a mesh network works, please send me a PM or state your concerns publicly as there's nothing to hide in this co-op.  Smiley

Only hurtful or trolling posts will be deleted as we welcome all valued opinions, insights, concerns, and improvement ideas to improve our at-cost (or even below cost) cooperative of about 50-60 120-130 members (so far).


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


Image Credit:   Original Image  



                                      _.====.._
                                    ,:._             ~-_
                                        `\              ~- _
                                           |   _    __.       `.
                                         ,/   /  \    /           ~ - _
                   ..__..-..__...-      /__/  /__                `_ ~~--..__...
DZ's Miners Cooperative, Round 18 ..."The little Co-op that could"----......~~--.._




An At-Cost Democratic Miner Co-operative with the world's lowest fees
for vetted miner hosting/management services: $350/month + 0.5% management fee

120-130 members: 1 Scientist, 7 admitted IT Pros, 3 Network Engineers, 3 Electrical Engineers, 2 Finance Employees, 6 GB Coordinators, multiple vetted host sites.*

*Note: A listing above does not necessarily indicate that this person runs or contributes to the running of the co-operative, but many of the pros listed have made their services available to the co-operative.


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

This Co-operative is led by a John K. vetted Network Engineer based in Hawaii, DyslexicZombei or DZ, who gets to design prototype IT hardware and lab/field networks in support of cutting edge research projects, and has been in the line of work of T&E and R&D for nearly 10 years, with 50-60 Hawaii/US Aerospace/IT/R&D/Civ. Engineering Endorsements on LinkedIn.

The other remote administrators are jungle_dave who is a former Electrical Engineer and Network Engineer and -Redacted- a UNIX guru and veteran miner. Our local/remote admin is bobsag3, who is also an IT veteran. There are 5 leaders in the DZ MC, with thomas_s and I doing the actual running of the Cooperative. Mining Equipment will be operated by vetted IT pros or a vetted IT college student, with backup host sites available.

Payouts are every 2 weeks minus a 2.75% Hosting/Management fee, the lowest around. Once sales begin, Refunds available up until unit ships at 1.5% restock fee. We vote on all buying, shipping, and resale decisions as well as vote on the month to attempt equipment resales after 5-7 months of operations. Vetted GB Coordinators are encouraged to team up to increase buying power and close out Group Buys quicker. All suggestions are welcome to help improve our Co-operative.

- Approx. total value of GBEC / GBC ASIC pre-order sales or pre-sales of shares on this forum by DZ MC since Aug. 15: $200K+
- Approx. value of DZ ebay ASIC sales (including 10 ebay shares for 3 GBs, worth $1.4K) since Aug.1 : $3.9K

- Several new GBCs and Bitcoin Miner Hosts vetted for free, and several scams pointed out on two BTC related forums.
- Number of FundRaising Rounds completed: 16
- Number of HashFast miners: 2 Baby Jets with paid upgrades, 2 Sierras, 4TH/s+ Total
- Number of KnC miners: 6 Jupiters, 3.3TH/s+
- Number of Bitmine miners: 1 Rig, 2 Rounds so far, 1.4TH/s, up to 2.5TH/s+
- Number of Black Arrow miners: 80 boards, 3.3 - 4TH/s+
- Total Ordered HashRate: 15.3 TH/s+ Total
- Online Auto reservation system tailored for Group Buys thanks to vetted GBC thomas_s!
- Server grade UPS units, a DZ MC gas generator, and a DZ MC Air Conditioner just for our miners in a custom cooled cabinet built by bobsag3, which will allow us to provide a perfect home to explore Overclocking for DZ MC ASIC miner rigs.
- New! A sixth GB Coordinator has joined the co-op! He's a VP of his own small oil company in Texas and is helping us to cook up a couple of future projects. Welcome Aboard!




Last order paid: Rounds 16, Two KnC Jupiters

-Data current as of 11/17/2013

=========================================================================================================================================
17  Bitcoin / Group buys / DZ MC: Round 5-6, KnC Jupiters. Please move ?s and discussions here. on: November 15, 2013, 07:31:38 AM
Discussions from -

R5: https://bitcointalk.org/index.php?topic=304377.0
R6: https://bitcointalk.org/index.php?topic=305886.0

Should be moved here.

FWIW: Hosting prices were actually reduced so that we can hash profitably for longer.

Also: -R- opted to do payouts on the 1st and 15th since he's handling payouts for these rounds. Just means the payouts are about 1/14th larger and we wait one more day.

Cheers!

P.S. Apologies to anyone's PMs I missed. Buried w/ my usual PM avalanche on top of work IT emergencies, co-op site redesign, future GB planning, as well as business setup and biz planning on the pro side.

Just not enough hours in the day even though I'm down to 3 days right now at the lab.  Undecided  Tongue
18  Economy / Service Announcements / [ANN] Pro Robocoin ATM Operation Services now available Internationally! on: November 11, 2013, 07:32:02 AM
The new pro arm of the DZ Miners Cooperative: the #1 Miners Cooperative on the Group Buys Forum, is proud to announce our new professional Robocoin ATM Operations Services, which are now available Internationally!

Please read the following post for more details. Mahalo.  Smiley

https://bitcointalk.org/index.php?topic=330662.0
19  Economy / Services / [OPEN] Robocoin BTC ATM Operating Services -available in US and Internationally! on: November 11, 2013, 07:05:54 AM
Index Post

I.      Description of Services and Terms of Service

II.     The process of buying an ATM through Crypto

III.    Crypto ATM Service features

IV.    Customer Testimonials for our at-cost Miners Cooperative
20  Bitcoin / Group buys / CLOSED]R15x: 2 KnC Jupiters, $110 = 11GH/s. Nov. + DZ MC Bonuses on: November 10, 2013, 09:18:26 PM
11/11 update: (Estimate) 100 shares out of 200 shares available!
Due to overwhelming demand: 2 more KnC Jupiters added today!
SOLD OUT at KnC before #3 and #4 ordered.


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


To reserve shares automatically and for easiest spreadsheet export,
please visit the new DZ Miner's Coop website.


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

We've purchased 2 KnC Jupiters that are estimated to be shipping sometime between the middle of the month and the end of the month. Shipping date is estimated to be mid-November, according to bobsag3.


R15 / R15B: 1 GB share = $110 = KnC 11 GH/s + November shipping +  world's lowest hosting/management fees + Corsair HX1050 / Seasonic 1050 PSU + DZ MC co-op bonuses (extra A/C, Gas Generator, Server UPS battery banks, dual network connections, 5 veteran remote/local admins, arbitrage expertise to resell used miners, etc., etc..)

- 50 shares are available in R15 (550 GH/s)

- 50 shares are available in R15B (550 GH/s)

- 50 shares or less are available in R15C (550 GH/s)

- 50 shares are available in R15D (550 GH/s)

Total combined hashrate for R15 is approximately 2.2 TH/s or more.

Priority/preference for these shares *will* be given to R13 buyers who would prefer R15 share(s) over a refund or staying in R13. This is a new Option C just for R13 buyers.

R13 buyers moving to R15 will need to enter new orders for R15 on the co-op's site, so that we can properly account for the R13 to R15 fund/ownership moves.

R15 Product Link: http://www.dzminercoop.com/?product=r15-2-knc-jupiters

====

DZ Miners Cooperative Roles for this R15 GB:

DZ - Co-op Founder / overall coordinator of the Co-Operative, background role for R15. Founder/CEO of a newly formed Cryptocurrency focused Intl. Corp. Overseeing payouts and Primary admin for Co-op miners, IT Network Engineer, DoD IT Contractor.

thomas_s - Primary GBC for Round 15/15B. COO of our new company, Set up Online Auto Reservations for the co-op! Thank you! Send BTC payments and questions for R15/15B to thomas_s. Business Degree, works in Finance.

bobsag3: Vetted Co-op member. World's lowest hosting fees for vetted miner hosting at a professional colocation hosting facility in Missouri!  Official Black Arrow US Reseller and US Distributor for Drillbit Systems. New Pres. of our Mining Operations arm of our LLC. Providing R15 and R15B miners to the GB Forum!

-Redacted-: Veteran remote admin. DZ MC Co-op Leader.  DoD IT Consultant.

jungle_dave: Vetted Co-op member and Former Electrical Engineer / Network Engineer. Backup Admin for co-op miners, software support.


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

...And Introducing to the GB Forum: Auto Reservations!

Thank you to vetted GBC thomas_s who has worked hard to put up a site to automate reservations so that there's no confusion and no double orders! It'll also make auto-export to spreadsheets much, much simpler for GBs, going forward.

www.dzminercoop.com

==

Please contact thomas_s for questions and payments or to manually confirm your reservations, as I'm in more of a Miner Cooperative Support Role for this particular new model Group Buy (and potentially others). If you have questions about Round 15 unit hosting please contact bobsag3.


1 share is $110 per share, which gives you 1/50th of the miner's hashrate.

Since this is a 550 GH/s unit, that works out to 11 GH/s per share for R15/R15B. Unit will be hosted at bobsag3 at the world's lowest hosting/management fees, for a limited time. This should be shipping between mid. November and the end of the month (estimated). Incremental and monitored Overclocking will be implemented as we'll be keeping things nice and chilly.

Your share price includes acquisition of an estimated 20 minutes of UPS/Battery Backup + Gas Generator backup, included in the discounted share price to keep BTC flowing during: short outages (blackouts), voltage sags (brownouts), and voltage spikes, as well as to provide power filtering. The special purpose Gas Generators our co-op buying power allows us are meant for providing power during longer outages.



Thanks once again to bobsag3 for making these KnC Jupiters available to the GB forum and the DZ MC.


11/10 PM update from bobsag3 - In addition: the R15 funds will pay for an additional APC 900W UPS with Battery Bank *and* a *second* gas generator just for the DZ Miners Cooperative.

===

If you have questions as to how this whole darn at-cost, Democratic Miners Cooperative that's also a mesh network works, please send me a PM or state your concerns publicly as there's nothing to hide in this co-op.  Smiley

Only hurtful or trolling posts will be deleted as we welcome all valued opinions, insights, concerns, and improvement ideas to improve our at-cost (or even below cost) cooperative of about 37 120 members (so far).


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


Image Credit:   Original Image  



                                       _.====.._
                                    ,:._             ~-_
                                        `\              ~- _
                                           |   _    __.       `.
                                         ,/   /  \    /           ~ - _
                   ..__..-..__...-      /__/  /__                `_ ~~--..__...----...
DZ's Miner Cooperative, Round 15 ..."The little Co-op that could"...


An At-Cost Democratic Miner Co-operative with the world's lowest fees
for vetted miner hosting/management services:only $200 per month per miner!

~120 members: 1 Scientist, 7 admitted IT Pros, 3 Network Engineers, 3 Electrical Engineers, 2 Finance Employee, 6 GB Coordinators, multiple vetted host sites.*

*Note: A listing above does not necessarily indicate that this person runs or contributes to the running of the co-operative, but many of the pros listed have made their services available to the co-operative. Also, there could be more than 7 IT Pros, but some geeks are meek.  Cheesy


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

This Co-operative is led by a John K. vetted Network Engineer based in Hawaii, DyslexicZombei or DZ, who gets to design prototype IT hardware and lab/field networks in support of cutting edge research projects, and has been in the line of work of T&E and R&D for nearly 10 years, with 50-60 Hawaii/US Aerospace/IT/R&D/Civ. Engineering Endorsements on LinkedIn. The other remote administrators are jungle_dave who is a former Electrical Engineer and Network Engineer and -Redacted- a UNIX guru and veteran miner. Our local/remote admin is bobsag3, who is also an IT veteran. There are 5 leaders in the DZ MC, with thomas_s and I doing the actual running of the Cooperative.

Mining Equipment will be operated by vetted IT pros or a vetted IT college student, with backup host sites available. Payouts are on the 1st and 15th of the month minus a $100 host/management fee, the lowest around.

Once sales begin, Refunds are available up until unit ships at 1.5% restock fee. We vote on all buying, shipping, and resale decisions as well as vote on the month to attempt equipment resales after 5-7 months of operations.

Vetted GB Coordinators are encouraged to team up to increase buying power and close out Group Buys quicker. All suggestions are welcome to help improve our Co-operative.

- Approx. total value of GBEC / GBC ASIC pre-order sales or pre-sales of shares on this forum by DZ MC since Aug. 15: $126K
- Approx. value of DZ ebay ASIC sales (including 10 ebay shares for 3 GBs, worth $1.4K) since Aug.1 : $3.9K

- Several new GBCs and Bitcoin Miner Hosts vetted for free, and several scams pointed out on two BTC related forums.
- Number of FundRaising Rounds completed: 15
- Number of HashFast miners: 2 Baby Jets with paid upgrades, 2 Sierras, 4TH/s+ Total
- Number of KnC miners: 2 Jupiters, 800-1200GH/s.
- Number of Bitmine miners: 1 Rig, 2 Rounds so far, 1.4TH/s, up to 2.5TH/s+
- Number of Black Arrow miners: 80 boards, 3.3 - 4TH /s
- Total Ordered HashRate: 11.1 TH/s+ Total
- Online Auto reservation system tailored for Group Buys thanks to vetted GBC thomas_s!
- Server grade UPS units, a DZ MC gas generator, and a DZ MC Air Conditioner just for our miners in a custom cooled cabinet built by bobsag3, which will allow us to provide a perfect home to explore Overclocking for DZ MC ASIC miner rigs.
- New! A sixth GB Coordinator has joined the co-op! He's a VP of his own small oil company in Texas and is helping us to cook up a couple of future projects. Welcome Aboard!




Last order paid: Rounds 12, Black Arrow Bullet Run, $12.3K

-Data current as of 11/10/2013

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