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[Closed] Bitfury miner group buy + hosting (with ESCROW)
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Topic: [Closed] Bitfury miner group buy + hosting (with ESCROW) (Read 37325 times)
monkeynutts
Full Member
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Activity: 139
Merit: 100
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
August 30, 2014, 07:46:05 PM
#321
Quote from: Kushedout on August 29, 2014, 07:31:10 PM
No worries man, you've done a fine job with this GB.
Thanks for the divs and update.
what he said
this has been very well run from day 1. just wish id had the chance to invest more with you in the beginning
keep up the good work
jlsminingcorp
(OP)
Hero Member
Offline
Activity: 493
Merit: 500
Hooray for non-equilibrium thermodynamics!
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
September 07, 2014, 08:40:11 PM
#322
Quote from: monkeynutts on August 30, 2014, 07:46:05 PM
Quote from: Kushedout on August 29, 2014, 07:31:10 PM
No worries man, you've done a fine job with this GB.
Thanks for the divs and update.
what he said
this has been very well run from day 1. just wish id had the chance to invest more with you in the beginning
keep up the good work
Thanks guys, that's very much appreciated
.
Things are quite a bit more stable after some card position swapping, so nothing to report for the last couple of weeks. The payout details are below as usual.
TxID: c96942a9cd1facb879b828ac3d08e2aa5e93370ec5c586cbd4e8dec53a4106f0
Bitcoin can only be understood backwards, but it must be lived forwards.
BitFury ASIC miner hosted group buy [DONE MINING]
jlsminingcorp
(OP)
Hero Member
Offline
Activity: 493
Merit: 500
Hooray for non-equilibrium thermodynamics!
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
September 21, 2014, 08:50:23 PM
#323
Hi All, payment details are below as usual.
TxID: c5c870ad1940c600e2e2d08ad6c38b3404f750c96e5184ca7e376d22fb078def
Bitcoin can only be understood backwards, but it must be lived forwards.
BitFury ASIC miner hosted group buy [DONE MINING]
jlsminingcorp
(OP)
Hero Member
Offline
Activity: 493
Merit: 500
Hooray for non-equilibrium thermodynamics!
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
October 05, 2014, 08:40:33 PM
#324
Hi All, well for the first time in about a year the miner is no longer covering its electricity bill
. We'll turn it off now and keep an eye on the BTC price/difficulty over the next week or two to see BTC rebounds making it worth turning back on, but it may be that the group needs to decide on the next steps (i.e. sell the miner, hold the miner hoping for a surge in bitcoin price etc.) We'll post again when it's a little clearer where things stand with the current BTC price issues.
Bitcoin can only be understood backwards, but it must be lived forwards.
BitFury ASIC miner hosted group buy [DONE MINING]
jlsminingcorp
(OP)
Hero Member
Offline
Activity: 493
Merit: 500
Hooray for non-equilibrium thermodynamics!
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
November 09, 2014, 08:48:31 PM
#325
Hi All, well it's been a while now since we turned the miner off and nothing particularly positive has happened to the BTC price or network difficulty. As such, the miner would still not be covering it's power costs and so it's not worth turning back on. It's been an interesting year, but I think we're at the point where the group should decide what to do with the hardware and finally dispand. When we started this venture we anticipated selling the hardware at the end of the year's mining and splitting the winnings from the sale between group members. However, the landscape has changed so dramatically since we started and given that bitmain are selling S3s for 0.52 BTC, which have much lower power consumption and about half the hashrate, we're not likely to get much for it.
I'd be interested to hear everybody's thoughts on what, where and how to sell. Ebay will fetch the best price, but we risk chargebacks (and so would have to keep the proceeds of the sale on hand until the chargeback period has ended) and will then face costs for converting to BTC to distribute to the group. I'm happy to sell on this forum, and have made successful trades here, but most people understand the value of the hardware and so the price will probably not be too high. Finally, I'd be willing to offer the group £50 (0.23 BTC at current exchange rate) for the hardware, which is broadly in line with the GH/s/BTC prices for the S3, because it's less hassle to keep it than break it up sell it and post it on. Also, I've grown somewhat attached to it after having looked after it for a year and it feels like a bit of history. Let me know what you think.
Bitcoin can only be understood backwards, but it must be lived forwards.
BitFury ASIC miner hosted group buy [DONE MINING]
jlsminingcorp
(OP)
Hero Member
Offline
Activity: 493
Merit: 500
Hooray for non-equilibrium thermodynamics!
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
November 09, 2014, 08:58:48 PM
#326
By the way, I thought that you might like a final look at the frankenminer after the year's mining.
Bitcoin can only be understood backwards, but it must be lived forwards.
BitFury ASIC miner hosted group buy [DONE MINING]
Kushedout
Legendary
Offline
Activity: 1123
Merit: 1000
SaluS - (SLS)
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
November 13, 2014, 09:13:17 PM
#327
Quote from: jlsminingcorp on November 09, 2014, 08:58:48 PM
By the way, I thought that you might like a final look at the frankenminer after the year's mining.
Thanks for the update and the pic.
This has been one of the best managed group buys.
I am OK with whatever other members decide to do. You can also keep my share of the outcome (if any)
my address 12hv7UcFgrBWLjWs5McPYP63Yza6ufT6Sw
Thanks again for the venture.
https://www.bittrex.com/Market/Index?MarketName=BTC-SLS
Stinky_Pete
Hero Member
Offline
Activity: 560
Merit: 500
⇾
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
November 23, 2014, 10:49:42 PM
#328
Hi
Thanks for the photo, its nice to see where the money went!
I'm fine with the idea of selling the hardware directly to you.
Thanks for the best organised and run group buy that I've been part of ~ its a shame the difficulty climbed so high, so quickly.
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jlsminingcorp
(OP)
Hero Member
Offline
Activity: 493
Merit: 500
Hooray for non-equilibrium thermodynamics!
Re: [Closed] Bitfury miner group buy + hosting (with ESCROW)
November 22, 2015, 07:08:39 PM
#329
Hi All,
I just stumbled across the old GB miner in the loft and it reminded me that I completely forgot to make the final GB payment (from me to the group for the hardware) last year. I'm very sorry about this, I think I was waiting for a couple more replies to my post to ensure that everybody was happy with the plan and then time slipped by and I forgot. In any case, I've made the final payment now (enjoy the dust!) and so the GB is officially (as well as practically) over. Good luck with all of your bitcoin ventures in the future. I'm going to lock this thread now, as we're all done. Cheers!
Bitcoin can only be understood backwards, but it must be lived forwards.
BitFury ASIC miner hosted group buy [DONE MINING]
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