[CLOSED] Diversified Group Buy [KNC/BitFury/VMC/HashFast]

[dwdoc]

This looks like an interesting investment opportunity, but why wouldn't someone wait until a closing date is announced and then buy-in at the last minute?

[CoinHoarder]

This looks like an interesting investment opportunity, but why wouldn't someone wait until a closing date is announced and then buy-in at the last minute?

Although I said I will do my best to update the thread when I am nearing capacity, it is possible capacity could be reached just by one large investment. So, the plus side of sending in early is to secure your spot in the group buy.

If this fills up and you don't get in, I wouldn't be too worried about it. Other group buys will pop up or are already accepting orders. I like to think that the plus side of ordering with me is that I am extremely trustworthy, am very capable of setting up and maintaining this large of a farm, and also I run a very transparent operation that leaves no room for foul play on my end.

[dwdoc]

I can send you 5btc tomorrow and will try to increase that amount before closing. Approx. what % of the 5000W total are you at right now?

[CoinHoarder]

I can send you 5btc tomorrow and will try to increase that amount before closing. Approx. what % of the 5000W total are you at right now?

Ok, cool. Welcome to the group.

This is just a quick estimate, but it looks like we have about 2000 watts already ordered. I expect this group buy to go on for about a couple more weeks, but as I said it could end abruptly.

Thanks,

Ch

[flowdab]

I can send you 5btc tomorrow and will try to increase that amount before closing. Approx. what % of the 5000W total are you at right now?

Ok, cool. Welcome to the group.

This is just a quick estimate, but it looks like we have about 2000 watts already ordered. I expect this group buy to go on for about a couple more weeks, but as I said it could end abruptly.

Thanks,

Ch

Along those lines would it be possible to have you update the G/hash per 1 BTC as the investments in the group buy change?

Thanks!!

[CoinHoarder]

Along those lines would it be possible to have you update the G/hash per 1 BTC as the investments in the group buy change?

Thanks!!

Sure, I will do that tonight.  

EDIT: Again, I would like to state the the purpose of this group buy is not to have the lowest $ per GH price. It is to spread our investment to as many manufacturers as possible to hedge our investment. Ordering from one manufacturer can be dangerous because if they delay, then you and your investors are screwed. That happened with my first group buy with Avalon.

This is why I came up with the plan to order from many manufacturers, to lower the risk of pre-ordering ASICs.

[CoinHoarder]

It seems Hashfast opened up orders today.

Would there be any objections within the group to ordering a 400 Gh unit from them?

It is 400 GH for $5,600 scheduled for October 20-30 delivery

Read more here: fasthash.com

We are about 16 BTC short of being able to purchase one.

[Kushedout]

Go for it. (Says the guy with 5 shares)

[CoinHoarder]

Go for it. (Says the guy with 5 shares)

Hi kushedout,

No problem. You are all equally important in my eyes. 

As long as I receive a yes from the majority of shareholders, then I will add them to the list of hardware we are investing in.

My vote would be yes but I haven't got my BTC yet for the group buy, so I will abstain.

[dwdoc]

Awaiting a refund on 200 USB miners I ordered from WTCR.ca to invest.

[flowdab]

I'm okay with investing in hashfast as well.

[flowdab]

Along those lines would it be possible to have you update the G/hash per 1 BTC as the investments in the group buy change?

Thanks!!

Sure, I will do that tonight.  

EDIT: Again, I would like to state the the purpose of this group buy is not to have the lowest $ per GH price. It is to spread our investment to as many manufacturers as possible to hedge our investment. Ordering from one manufacturer can be dangerous because if they delay, then you and your investors are screwed. That happened with my first group buy with Avalon.

This is why I came up with the plan to order from many manufacturers, to lower the risk of pre-ordering ASICs.

 Absolutely.  I'm just Curious add I'm trying to determine my ROI and if I should invest more.

[CoinHoarder]

No problem.

317.05898936 BTC invested in hardware orders thus far.

2 Bitfury Oct. - 800 Gh
1 KNC Jupiter - 400 Gh
2 VMC Hash-Fast-Ones - 512 Gh

= 1712 Gh total

= 5.3996 Gh per BTC

This number will increase if we end up adding HashFast to the list.

[flowdab]

No problem.

317.05898936 BTC invested in hardware orders thus far.

2 Bitfury Oct. - 800 Gh
1 KNC Jupiter - 400 Gh
2 VMC Hash-Fast-Ones - 512 Gh

= 1712 Gh total

= 5.3996 Gh per BTC

This number will increase if we end up adding HashFast to the list.

Thanks!

I'm wondering if I should withdraw my vote for hashfast. There are a lot of issues with their offering right now. They've really not provided any technical data at all or told us what stage they are in production. Should we just go straight to another Jupiter?

[CoinHoarder]

I wasn't aware there were issues, I'll look into it

[flowdab]

I wasn't aware there were issues, I'll look into it

Check out this thread: https://bitcointalk.org/index.php?topic=262052.580

[TheJuice]

I tend to favor going very broad - that's the point of this group buy. I vote to invest in hashfast as long as there is not some glaring red flag.

[TheJuice]

I tend to favor going very broad - that's the point of this group buy. I vote to invest in hashfast as long as there is not some glaring red flag.

This being said I've done no research re: hashfash and I see above some people are very concerned.

[CoinHoarder]

I wasn't aware there were issues, I'll look into it

Check out this thread: https://bitcointalk.org/index.php?topic=262052.580

I don't know. IMO a lot of the naysayers are just spreading FUD. I might be wrong about some of them, some of them might be genuinely concerned, but I don't feel like it is fair to treat HashFast any differently from any of the other unproven vaporware vendors. At least not until they have proven themselves untrustworthy. I just don't see enough evidence that would make me say that they are a scam.

You need to take everything that everyone says on these forums with a grain of salt. There are a lot of special interests at work. Not only manufacturer's special interest, but individual miners as well trying to spread FUD to keep difficulty as low as possible. I noticed one of the biggest naysayers was someone who has been endorsing the crap out of KNC, perhaps he just doesn't want people to order these machines and the difficulty to go up higher than he had planned, or perhaps he is being paid by KNC. You just never know...

Use your own mind and make your own decisions, but I don't see anything that would make HashFast a certain scam. Maybe their timeline is a little ambitious, but they are a bit cheaper than other offerings, allowing for a little cushion of delay time.

My two Satoshis.  

[bitwhizz]

I will be sending 6 btc or so tomorrow

Edit - 10 bit coins

Regards