is there any Antminer S9 group buy shares

[va23boam]

anyone here planing on doing a group buy for shares with new antminer S9? - or if there is one can they point me in its direction?

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[Dabs]

I'm planning to do one. Still planning. What I really need is interest from people who have the BTC and want to buy, and I'll decide on how small or big each share is, and I'll have it hosted somewhere cold and cheap electricity.

[EnJoyThis]

You can count me in for 25-50% of a S9, but only if the it will be a transparent GB and easy to follow revenues.

I would say, make it easy and do 100 shares per S9. Minimum investment amount 5 shares, just to make sure you won't have to handle 100ppl for one machine.

And I'm willing to help with the groupbuy to keep registry and such.

[Dabs]

I keep thinking and planning, but it seems to me that I don't like to touch the first batch before the block reward halving. If there is a large interest in this, I can still facilitate a hosted group buy divided into shares like EnJoyThis mentioned.

[philipma1957]

BuySolar and I may do it with the solar array.  We have two machines on order  not sure if we will.

A lot depends of if we order a third and fourth unit.  And of course btc price yada yada yada.

[Dabs]

How's this look to you guys?

1. 100 shares per S9 (equivalent to 14 TH)
2. At current prices, each share would be 0.05 BTC
3. Minimum of 5 shares per person, = 0.25 BTC per person
4. Payment covers hosting, electricity and maintenance for 1 year
5. Miner earnings sent every week or two weeks
6. Hosted at a secure location by a trusted hoster with low rates, but does not want to get involved in this Group Buy management thing so you guys deal with me.
7. You must know how to sign a bitcoin address message, pay with an address you control. Or know GPG/PGP.

Estimated ROI is probably 1 year, depends a lot on difficulty, price of BTC and some other factors. You can see the discussion on Bitmain's thread about the S9.

If prices drop, then either share prices drop or it's a credit towards hosting and maintenance costs, or I give a refund for the difference.

The usual disclaimers apply: no refunds on price differences between the batch we buy and the next one, and this is mining.

If there is enough interest that exceeds the equivalent of half a dozen units, I will start another thread.

[va23boam]

I'm planning to do one. Still planning. What I really need is interest from people who have the BTC and want to buy, and I'll decide on how small or big each share is, and I'll have it hosted somewhere cold and cheap electricity.

perfect, let me no as soon as you have it figured out as ill be keen

[va23boam]

How's this look to you guys?

1. 100 shares per S9 (equivalent to 14 TH)
2. At current prices, each share would be 0.05 BTC
3. Minimum of 5 shares per person, = 0.25 BTC per person
4. Payment covers hosting, electricity and maintenance for 1 year
5. Miner earnings sent every week or two weeks
6. Hosted at a secure location by a trusted hoster with low rates, but does not want to get involved in this Group Buy management thing so you guys deal with me.
7. You must know how to sign a bitcoin address message, pay with an address you control. Or know GPG/PGP.

Estimated ROI is probably 1 year, depends a lot on difficulty, price of BTC and some other factors. You can see the discussion on Bitmain's thread about the S9.

If prices drop, then either share prices drop or it's a credit towards hosting and maintenance costs, or I give a refund for the difference.

The usual disclaimers apply: no refunds on price differences between the batch we buy and the next one, and this is mining.

If there is enough interest that exceeds the equivalent of half a dozen units, I will start another thread.

sounds good, but to make it simpler maybe a minimum investment of 200USD (in BTC) then work the shares out from that then do like monthly payout that minus hosting costs. i dunno about weekly payouts seems like so much extra work and who really needs lil bits here and there? id rather a monthly sum

then ounce it becomes close to not being worth it sell it and split for a final payout

[Dabs]

0.35 BTC? (as of right now). So, 7 shares is the minimum. Monthly does sound much better. Like, the week after the end of the previous month you'll get your payments. I also thought, if prices drop, then you could just get more shares. Let's sleep on it a bit more, we're still waiting for any announcement, and halving is quite close.

[gbBit]

At what point will the miners be taken offline?  Will it be a specific date of 1 year from the start or based upon profitability?  Also what happens to the miners after they're taken offline?  How will the proceeds of their sale be split?

[Dabs]

At what point will the miners be taken offline?  Will it be a specific date of 1 year from the start or based upon profitability?  Also what happens to the miners after they're taken offline?  How will the proceeds of their sale be split?

If this pushes through, we mine until we can. You can always sell your shares to someone else. We'll only sell the units if there is a majority vote (1 vote per share, so someone who owns 51% of the group buy can decide huh.)

Split is divided per share. If you have 7, you get 7 worth. That's easy to compute. Everything will be transparent.

I recommend waiting until there is a Batch 2, OR after the halving. I may put up a preliminary group buy fund collection, because, as we have seen, S7s and S9s can get sold out pretty quickly.

[Dabs]

Batch 2 is out, but it's still the same price. So, I don't know, is there interest for Batch 2? Doesn't look like there is. Maybe I wait for Batch 3.

[Dabs]

And ... Batch 3 sold out. Same price still, or even more expensive. Apparently, there is demand. Will wait for B4 or B5.

[va23boam]

what you rekin? wait for a price on 1200 +/-?

[alh]

what you rekin? wait for a price on 1200 +/-?

While everyone is expecting a decrease in the price of mining hardware following the "halving", that's not absolutely guaranteed, nor is it's timing. The price of an S9 will only fall to the extent that demand declines at the price that Bitmain states for a particular batch. If for example, Bitmain were to put up a "Batch 4 $1800 S9 miner shipping on July 8th" (my purely hypothetical example), if they sell out that batch at $1800, don't look for a big decrease in Batch 5 pricing. If you want to wait for $1200, there's no way to accurately predict when an S9 might be priced that way, either in Batch number or date.

Maybe I'll be wrong on this, but Bitmain crafts their prices very carefully and you should NOT look for any stellar pricing "deals" unless they have competition, or demand for their hardware declines.

[gbBit]

what you rekin? wait for a price on 1200 +/-?

While everyone is expecting a decrease in the price of mining hardware following the "halving", that's not absolutely guaranteed, nor is it's timing. The price of an S9 will only fall to the extent that demand declines at the price that Bitmain states for a particular batch. If for example, Bitmain were to put up a "Batch 4 $1800 S9 miner shipping on July 8th" (my purely hypothetical example), if they sell out that batch at $1800, don't look for a big decrease in Batch 5 pricing. If you want to wait for $1200, there's no way to accurately predict when an S9 might be priced that way, either in Batch number or date.

Maybe I'll be wrong on this, but Bitmain crafts their prices very carefully and you should NOT look for any stellar pricing "deals" unless they have competition, or demand for their hardware declines.

Batch 4 is now up for 3.05 BTC or $1900.  Are you going to start the group buy now?

[Dabs]

It seems people are buying entire units for themselves. I don't want to start a group buy only to refund everyone because we didn't meet the minimum order (which is at least 1 unit.)

If I put up a Group Buy, I will include the requirement that any bitcoin transaction fees will be shouldered by all participants should there be a refund. If you are using bitcoin core, estimatefee 2 shows 0.00134052. We need at least 15 people.

[0xfff]

I'm interested in the group buy but I have some concerns. How do you know that the person hosting the miner isn't stealing coins? What would happen if they just took the miner and ran? Could we pay for insurance or something like that?

[va23boam]

I have a few miners hosted with allivain (cryptoboreas.com) he's a trusted member here and could host

I'd say put an offer of interest out n go from there. With a minimum 250USD investment

[va23boam]

Would want maybe 10 units +/- to make it worth everyone's time too