[CANCELED] [GROUP BUY] Hashfast Babyjet 1.09 btc = 2.5%, serraz ESCROW.

[itod]

Cart Subtotal                                 $5,600.00
Next Day Air Early AM (UPS):                $115.61
CA Sales Tax                                       $500.12
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* There are 20 out of 40 shares left available at BTC1.09 per 2.5% of the total, 100%. If Hashfast sells out of their first batch before then, then the money will be quickly refunded to the investors.
* At nominal speeds of 400 gh/s, each share would be worth around 10 gh/s. Our unit will be in a 24/7 air conditioned room running at the max safe overclock speed, which might be around 500 gh/s or more. Their website says, "Designed to be overclocked for greater performance – better than 500GH/s**"
* We will mine with the unit until it is no longer profitable -- at which time it will be sold on Ebay to the highest bidder and the profits will be divided among the investors, equally at 2.5% per share.
* You will get your investment return sent to your bitcoin address weekly with a receipt.
* There will be weekly pictures of the miner with a screenshot of its hashrate posted in the forum, weekly.
* There is no hosting fee for this group buy. I have my own shares that I get enough money.
* Message me if you want my personal information to assure trust.
* We have a guarantee from Hashfast that they will give us 1.6 th/s more hash or 50 gh/s per share if we do not make ROI in 90 days off of our unit.
* This is the only one groupbuy I am conducting, so I can manage it better than people with 5 or more group buys, which is common on here. Honestly, people trust them when they have 80-200+ people to keep satisfied.


* serraz is handling escrow to purchase our unit. He is renowned member of the litecoin community. He is an op on btc-e exchange chat. He owns and maintains give-me-coins bitcoin, litecoin, and feathercoin pool with kha0s. He setup an offline wallet at 17EqnQZtfDQYKGdPesPKRzg9pQp76tzLvs because blockchain.info wallets are not safe. Make your payment to that address; then, send a encrypted private message or email message with your bitcoin address signature saying that you paid.  BTC.02 is the price included in the BTC1.09 price to cover the escrow fees. He will refund the whole BTC1.09 if the group buy fails. To be fair I am also giving him .4btc extra that is separate from any of the shares for his troubles.

* If we do not make ROI in 90 days from shipment, then Hashfast will send us 1.6th/s more in chips. From my understanding, they ship the chips unassembled. Now, we have to work out what to do with the chips. For sure we will split the profits. We could invest it in using it for other hashfast machines or we could sell the chips by themselves. For putting the chips in use for other hashfast machines, we would have to make another commitment. However, for sure, we will split the profits if we sell the chips just by themselves to cover ROI. THEY ARE GUARANTEEING ROI!!!



******* There will be a webcam setup to watch the unit 24/7 that you can checkup anytime you want. It would be like the miner were in your own home, but it would be in your monitor webcam program viewer.

[ur0pl]

Okay, I have the escrow bitcoin address wallet from serraz. It is 17EqnQZtfDQYKGdPesPKRzg9pQp76tzLvs . That is his separate offline wallet address because blockchain.info wallets are not safe right now. After you buy a share by making payment, send me an encrypted message or email telling me that you paid for certain amount of shares. I made an agreement with him that there will be .02btc going to him per share. He will refund the whole entire BTC1.09 if the groupbuy fails. However, I told him he could keep an additional .4btc that I am paying out of my pocket and separate from that for his escrow handling troubles. There are only 19 out of 40 shares left to be sold before we can buy the Babyjet.

ur0pl please do this properly. It is not in your or our interest to do things like this. I thought you are going to get a hero member (not necessarily John K.) as an escrow, but if serraz is your choice it is OK with me.

1) It is not right that you post (unsigned) payment address instead of the escrow.

2) Neither you or him have stated that you have sent him your passport scan with full personal details, and that he may post that here in case of any dispute. Edit: sending him your photo holding the passport will also be a good idea.

3) Neither you or him have stated refund policy, i.e.: "Refunds will be given immediately at any time before payment to HashFast is completed without the need for group buyer to explain the reasons for it."

This is an example of usual escrow statement in a group buy topic:
https://bitcointalk.org/index.php?topic=238321.msg2532445#msg2532445
It has not have to be done to the point as John K. does, but would not hurt either. Please correct these formalities so we can proceed further. Thanks.

I'll quote your opening post in the next message for the reference.

As a side note:

We are sure to get enough ROI with bitcoin prices up so high recently.

ROI has nothing to do with BTC price, we invest BTC - we get back BTC, if it goes to 1.000US$ or goes back to 10US$ has nothing to do with it if we will profit or not.

I'm sorry. I just was unfamiliar with how to do things as this was my first group buy attempt. Unfortunately Hashfast has just today sold out of their Babyjet. I am sorry about the disappointment. I guess I started the group buy too late and should have started when they first opened shares

[voxelot]

Sad news on the Baby Jets.  They are currently ranked the highest in ROI and you had a good idea with this group buy.

http://cointerra.com/product/terraminer-iv-2ths/?added-to-cart=18

We can still do group buys for these beasts.  Shipping later so they are ranked just below the baby jets.

[DyslexicZombei]

I'm genuinely sorry to hear that they sold out before you could finish your GB. All is not lost however. You still have some choices if you want to press forward. Here's 3 I can think of:

1) You could *still* put an order in for a HF Baby Jet. Just because they're sold out doesn't mean they're really out as we've seen before. Even then, you could get lucky & score a chip at the edge of a wafer that they weren't expecting to be a viable chip

2) You could press forward and switch it over to KnC's new offering in the same price range, which is slightly cheaper then a HF unit albeit a few weeks later. You'd be able to finish a little faster IMO.

3) You could list your shares reserved here & attempt to merge it to someone else's GB that's doing 1 or 2.
https://bitcointalk.org/index.php?topic=286021.0

There could be better solutions but these are my glass half full recommendations.  

[itod]

I'm sorry. I just was unfamiliar with how to do things as this was my first group buy attempt. Unfortunately Hashfast has just today sold out of their Babyjet. I am sorry about the disappointment. I guess I started the group buy too late and should have started when they first opened shares

It's OK ur0pl, we learn as we go. One train left the station, there will be others.

I was looking to start group buy myself since electricity costs in my country are extremely low (around 0.085US$/Kwh), but the customs import fee is the problem and can go high, not like in the USA. I have to check with some accountant exactly how high. It didn't make sense for USA appliance (HashFast), but some Bitfury offers seem to be worth going through all these if there is enough interest. They are the only company that delivered some ASIC in time as promised, and this particular option is the one I'm looking into:
http://www.bitfurystrikesback.com/product/400gh-miner-october-2013/
The price in US$ is around 8.500 US$ which is much higher than HashFast, but early October delivery makes all the difference regarding the fact their 400Mhs miners are happily hashing all over Europe and where delivered to the day when promised (promised before September, delivered August 31th in quantity of hundreds, se that thread). Not to mention expected difficulty rise between their delivery date and Hashfast expected delivery which may compensate for the price difference. Let me know what you people think about all these.