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waldohoover
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August 20, 2013, 12:03:45 AM
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all finished
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superduh
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August 20, 2013, 12:33:59 AM
 #2

so @50gh*20 shares = 1 TH
that means you are going to get the other TH
4.5*20 = 90btc
90btc * let's say 105 *2 = $18900

this means you are getting your shares for about half as much as other people in your groupbuy
however, you are charging only 3% fee for everything

ok
floatyfish
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August 20, 2013, 01:07:12 AM
 #3

Damn, BTC4.5 is out of my range, any possibilities of lowering that on future miners?

If you feel like donating: 1NtgJf4znCsA5GJDCbqtowHL2143WyqLkC
worldlybedouin
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August 20, 2013, 11:49:05 AM
 #4

Damn, BTC4.5 is out of my range, any possibilities of lowering that on future miners?

Too early to call as of now, we'll see if this catches interest or not.. hopefully it does  Cheesy

@waldohoover:  I'm in on your KNCMiner group buy, and I'm interested in this as well.  I'm done with trying to buy my own hardware, power it, put up with the noise, heat, etc....

I 100% understand and see the logic of 4.5BTC to ensure group buy members get a decent chunk of hashing power to make this worthwhile investment...I'll mull it over in a few days and get back to you.

Thanks!

LTC:  LXrAe2E6cBsK52GvUsYraeXkc2s7Ti7R5X
BTC:  1FLTMqVjTZ5MTdCF4npNZGFMEUGyBV4zcj
stex2009
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August 20, 2013, 02:30:19 PM
 #5

A new miner now! So tempting.
blueriver
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August 23, 2013, 06:52:41 PM
 #6

Isn't the Terra Miner IV warranty only 90 days per their agreement? You listed it here as 12-months...  Huh

BTC: 15bAVoQNfLL4j9W4WfSaw3vigX8b9NYgTJ
aoshea
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August 26, 2013, 05:25:46 PM
 #7

Damn, BTC4.5 is out of my range, any possibilities of lowering that on future miners?

Too early to call as of now, we'll see if this catches interest or not.. hopefully it does  Cheesy

I'd definitely be interested in 10x greater shares/less hash

I sell Bhut Jolokia "Ghost" Chili seeds and other hot pepper seeds for BTC. PM me for details.
weezerfan
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August 26, 2013, 07:27:59 PM
 #8

Are there still 9 shares left? I may buy a share. I have to look into it a bit more and do my own research.
mantler
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August 27, 2013, 03:14:41 PM
 #9

I would like to reserve 3 shares please.  I will know within 24 hrs whether I need all 3, will definitely be taking at least 1.
wookee13
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August 27, 2013, 03:41:29 PM
 #10

Hey WH, just sent you 9 BTC Thanks for the patience. c1e030840815b5773330e1857dad11f941a3fd2e18f63e4b04ae18d7de6fd730

Payout to : 1CRR2HJneHHWsz9qYZyMXtkNaVKf8E8KPy
mantler
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August 27, 2013, 05:56:27 PM
 #11

I would like to reserve 3 shares please.  I will know within 24 hrs whether I need all 3, will definitely be taking at least 1.

I've got you down for 3- Hopefully you take them all!


Hey WH, just sent you 9 BTC Thanks for the patience. c1e030840815b5773330e1857dad11f941a3fd2e18f63e4b04ae18d7de6fd730

Payout to : 1CRR2HJneHHWsz9qYZyMXtkNaVKf8E8KPy

Awesome, thanks!

Thank you
hephaist0s
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August 27, 2013, 06:44:29 PM
 #12

Please reserve me 1 share here, too. Thanks!

Tips graciously accepted on my behalf by Mr. Pig. | object2212.com | 1H78y8FVeQrWY6KnxA6WLFQGUoajCuiMAu
mantler
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August 28, 2013, 02:11:51 AM
 #13

As promised I'll take 3 shares please.

Transaction ID: ef85c1532ffdc1a8cf59e2e66f06b61975bcd8a22c6325bc03b4a33412a6d57a

Payout Address: 15Agfb393DspSkyTAN9td4D8DCUMp51mwN

Thank you!
redmetal
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August 28, 2013, 03:03:05 AM
 #14

I Do like your group buys, but I am a little concerned with the price, as in https://btct.co/security/PETA-MINE is offering 10gh for 0.65 BTC so 3.25BTC for 50gh/s + a price protection.


Also the purchase only costs $14,000 @ $100 per BTC thats only 140BTC (This equates to 3.5btc per share) then ontop of this you are charging hosting fees @ 3%, right now 1BTC is worth $130 so one unit really only costs ~110BTC


So every share you sell you pocket at least 1BTC(or More) + your 3% hosting fee.
I apologise for the negitivity but I don't see this as a good deal!

Receive $5 free of bitcoin in Australia by becoming verified on CoinJar.com, https://filler.coinjar.com/r/034375f5
floatyfish
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August 28, 2013, 03:24:53 AM
 #15

Did you see this article? http://www.coindesk.com/cointerra-cuts-price-of-terraminer-iv-bitcoin-mining-rig/

Would you think of cutting the price at all now that BTC is higher than when you started and Cointerra has lowered their price?

Ignore me, redmetal already asked the questions.

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redmetal
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August 28, 2013, 05:38:26 AM
 #16


I Do like your group buys, but I am a little concerned with the price, as in https://btct.co/security/PETA-MINE is offering 10gh for 0.65 BTC so 3.25BTC for 50gh/s + a price protection.


Also the purchase only costs $14,000 @ $100 per BTC thats only 140BTC (This equates to 3.5btc per share) then ontop of this you are charging hosting fees @ 3%, right now 1BTC is worth $130 so one unit really only costs ~110BTC


So every share you sell you pocket at least 1BTC(or More) + your 3% hosting fee.
I apologise for the negitivity but I don't see this as a good deal!

Did you see this article? http://www.coindesk.com/cointerra-cuts-price-of-terraminer-iv-bitcoin-mining-rig/

Would you think of cutting the price at all now that BTC is higher than when you started and Cointerra has lowered their price?

Ignore me, redmetal already asked the questions.

A great deal yesterday is a terrible today because of the rise of USD/BTC. Pitchforks. Everywhere.

Price needs to sit for 7+ days before I consider it "stable"- it spiked how many days ago? Exactly. Don't be so eager to save a buck because of a spike. On top of that, I'm more than fine with keeping the last 5 4 shares to myself. It's paid for already anyway.  Cool

My question isn’t really about the correlation of BTC and USD, if it was it would be more sever.
My question relates to BTC being worth $100 USD and the price of the unit at $14,000 USD. You are effectively either skimming 200gh/s for yourself as stated(& 22BTC), for free! Or taking a cut of 1BTC per 50gh/s sold(40BTC).  As in your 2TH costs 14k but you are collecting 180BTC.
If I was to correlate this with current prices (BTC/USD) you are trimming off 70BTC for this unit.

Would you consider dropping the BTC price, in line with the reduction of the unit Prices? Ie. 14k USD  ~140BTC(Based on a solid $100 per BTC) or 3.5BTC per share?

Receive $5 free of bitcoin in Australia by becoming verified on CoinJar.com, https://filler.coinjar.com/r/034375f5
Noogsy
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August 28, 2013, 09:01:43 AM
 #17

Soo, you are gathering 225 BTC (Currently ~29800 USD) to buy a 13999 USD Miner and add 3% Fee?
Nice.
NOT.

(Not to pi** you off, but to help all those unwilling/-able to calculate-there seem to be a lot of those on this forum)

---
Cheers
milkbottlec
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August 28, 2013, 05:16:08 PM
 #18

waldohoover is a good organiser indeed. I do believe although the extra fees are given, he could do good with it!

Will be handling Drillbit System UK/EU replacement components soon (waiting to confirm details, stay tunes)
If I helped you and could pop me some treats for this Christmas, donate some BTC to: 1QEhKaUnFoEBaWmXsrE5AUvbAt95254DXr
floatyfish
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August 28, 2013, 06:25:02 PM
 #19

No disrespect meant, I was simply curious as to whether you would lower the price or not. As someone who's bought into your two previous group buys, you have gone above and beyond expectations on keeping us informed of everything you do, and that's quite nice to see  Smiley

If you feel like donating: 1NtgJf4znCsA5GJDCbqtowHL2143WyqLkC
redmetal
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August 28, 2013, 10:20:38 PM
 #20

My question isn’t really about the correlation of BTC and USD, if it was it would be more sever.
My question relates to BTC being worth $100 USD and the price of the unit at $14,000 USD. You are effectively either skimming 200gh/s for yourself as stated(& 22BTC), for free! Or taking a cut of 1BTC per 50gh/s sold(40BTC).  As in your 2TH costs 14k but you are collecting 180BTC.
If I was to correlate this with current prices (BTC/USD) you are trimming off 70BTC for this unit.

Would you consider dropping the BTC price, in line with the reduction of the unit Prices? Ie. 14k USD  ~140BTC(Based on a solid $100 per BTC) or 3.5BTC per share?

My offer is 4.5BTC for 50GH/s- it's that simple! If someone is offering a better deal, then go freaking buy it! Why come in here to troll or try to "sway" future purchases away or try to convince them that their investment somewhere else may save them $19.

All profits are going towards a custom server room that I am building and again, profits will go wherever I see fit to make all of my GBs successful. Parts, labor, upgrades, security, maintenance, my time and effort. Anywhere. I would love to see someone (or a team) putting as much effort as I am to make this all work smooth. I'm not sure anyone else made a dedicated site to help share holders (other than to sell more). Has anyone else created estimated calculators for their GB? Newsletters? Twitter feeds? Upgrading/creating a whole new server room? New security upgrades with live feeds?

“Parts, labor, upgrades, security, maintenance, my time and effort” was the answer I was looking for, simple answer to a simple question!
Yet you felt it necessary to call me a troll? I am only trying to be informed before purchasing from you, this in its self doesn’t instil confidence from a buyer’s perspective,

Remind me next time to just send people money without asking questions! What a fantastic idea.

As I’ve said before I generally like your group buys and wish you all the best for this one

Regards,
RedMetal


Receive $5 free of bitcoin in Australia by becoming verified on CoinJar.com, https://filler.coinjar.com/r/034375f5
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