[CLOSED] Group buy 500 GH/s Bitcoin Miner BitForce 500 GH/s Mini Rig SC

[CanaryInTheMine]

7/21/13: CLOSED DUE TO LACK OF INTEREST. please don't post in this thread.

I'm thinking about putting my 25% off voucher from BFL to purchase a 500 GH/s Bitcoin Miner BitForce 500 GH/s Mini Rig SC which would put the price at 22,484.00*(1-.25)= 16863 plus shipping, (which may be based on the original price so it is $798.00), for a total of $17661 or at the current mtgox rate of $89.35 it is about ~200 btc.  I reserve the right to modify this before the unit is purchased in case btc fluctuates and we are short to pay BFL (deficiency would be spread equally among participants)

Assuming that a received device is running at 90% (spec) of the 500GH, that leaves 450GH/s available for calculations...

I'd like to sell 90% of 450 which is 405GH/s / 200 btc as shares. so it is 2.025 Gh/s for each share @1 btc.

I'd run it as long as it's profitable/operational in a climate controlled environment.  profitability depends on operating costs (electricity mostly but could include necessary maintenance, repair etc..). and would be taken out of mined btc at cost.  btc payout weekly.  decisions can be voted on based on % of share ownership.  once it is no longer profitable to operate, I will keep the hardware.  those wishing to sell their share to someone else would pay a fee to transfer the shares to another person (2%).

is there any interest? If so, please send 1 btc per share to 1LhsEySjkqYuY7JrDSFkFa2zgvnQGN2H96
there are 200 shares per device.  if this sells out quickly, I may run sell another device sale since the 25% discount does not appear to be limited to a single device, rather to a single order.

if this does not get filled up, I'll refund the outstanding orders.

P.S. if the hashing rate is higher than 450, the difference will be applied to each share owned, for example if it's rate turns out to be 475GH/s then 427.5 GH/s will be available for the 200 shares at 2.1375 Gh/s per share.

No reservations are taken.  You need to send payment to own the shares.

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[CanaryInTheMine]

Reserved for a future post

[bbxx]

When it will be shipped?

[drofdelm]

I reserve the right to modify this before the unit is purchased in case btc fluctuates and we are short to pay BFL (deficiency would be spread equally among participants)

If it fluctuates to such a degree that one decides not to provide additional funds what will happen at that point?

Since you are willing to take more BTC when the exchange rate goes lower are you willing to pay back additional amounts when the exchange rate goes higher?

[CanaryInTheMine]

When it will be shipped?

I have no control over that.  I will let everyone know when BFL ships it.

[CanaryInTheMine]

I reserve the right to modify this before the unit is purchased in case btc fluctuates and we are short to pay BFL (deficiency would be spread equally among participants)

If it fluctuates to such a degree that one decides not to provide additional funds what will happen at that point?

Since you are willing to take more BTC when the exchange rate goes lower are you willing to pay back additional amounts when the exchange rate goes higher?

refund.
if more is collected than necessary, the difference can be sent back to shareholders.  however, if it's a few btc i won't bother and will use the funds to pay for the operations... this means that there will be more going out to shareholders as a payout.  funds would sit in a segregated wallet with shareholders being able to see balances and transactions on blockchain.

[BitcoinValet]

How come you abandoned the Juniper group buy but are going in on this? BFL had played too many games, has no consideration for their customers, and has no issues blatantly lying to anyone who will listen. I want to be buying shares of bigger devices with more hashing power than ones I can buy on my own, but I refuse to give BFL any more of my money untill they can go at least a solid week actually producing what they claim.

[Beastlymac]

How come you abandoned the Juniper group buy but are going in on this? BFL had played too many games, has no consideration for their customers, and has no issues blatantly lying to anyone who will listen. I want to be buying shares of bigger devices with more hashing power than ones I can buy on my own, but I refuse to give BFL any more of my money untill they can go at least a solid week actually producing what they claim.

He has a voucher for 25% off so that would be part of the reason.

[CanaryInTheMine]

How come you abandoned the Juniper group buy but are going in on this? BFL had played too many games, has no consideration for their customers, and has no issues blatantly lying to anyone who will listen. I want to be buying shares of bigger devices with more hashing power than ones I can buy on my own, but I refuse to give BFL any more of my money untill they can go at least a solid week actually producing what they claim.

He has a voucher for 25% off so that would be part of the reason.

25% voucher... just trying to see if I'd be able to use through this method... I don't have the funds atm to buy one outright myself.  voucher expires in 30 days...

I also ask that the posts here try to be related to the topic only, there are other threads where it would be more appropriate to express your feelings and experience with BFL. not here.  Thank you for understanding as sticking to the topic makes my job easier.

anyway, I am going to shut this down by Sunday night if there isn't enough interest, as there appears to be none at this time...

[iluvpcs]

Well doesn't look good on this order, I'd be willing to throw down a few BTC - call it 10 shares to get this started.

[CanaryInTheMine]

Well doesn't look good on this order, I'd be willing to throw down a few BTC - call it 10 shares to get this started.

alright!
Troupster, you're up! how many did you want, 50? 

[Troupster]

Well doesn't look good on this order, I'd be willing to throw down a few BTC - call it 10 shares to get this started.

alright!
Troupster, you're up! how many did you want, 50? 

I'm considering 50 shares but only because I like canaries. 

[daserpent1]

Will you be sending the bitcoins generated to the share holders every day ?

[CanaryInTheMine]

Will you be sending the bitcoins generated to the share holders every day ?

From OP: "btc payout weekly"

[daserpent1]

1) How long would the order take to ship if you placed an order this week?
2) What is the guarantee that you will keep your end of the deal like even 1 year later?

[CanaryInTheMine]

7/21/13: CLOSED DUE TO LACK OF INTEREST. please don't post in this thread.