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Author Topic: [GB]Terraminer IV #5, Coinsortium  (Read 61565 times)
soniq
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August 20, 2013, 09:16:14 PM
Last edit: February 27, 2014, 11:46:58 PM by soniq
 #1

Shares for this GB are no longer avaialble

This group buy is for Cointerra's Terrraminer IV  January, Febuary, March, April delivery https://cointerra.com/cointerra-announces-highest-performance-2-terahash-per-second-bitcoin-asic-mining-rig/

#1 - 0/30 shares available - trans id 49b3e4eef5f42d05790dde705413e0d70f5eb591f30393980a609d59272f464b
#2 - 0/30 shares available - trans id 532f8371cda2ee8daebb7fdd4f533ad70de7fef3788ff76511f9154e697b0767
#3 - 0/30 shares available - trans id bc3790a9b85666dd5b4199d8277f0690cf142054c7569404640e7ec58956e4b7
#4 - 0/30 shares available - trans id b6593baf2ae7a8600a4a0478625d2982e49a2b92c1476547a634453b8466a3f5
#5 - 0/30  shares available - trans id b1f7151046268e0110ff393d359081b019220809354e63aa3e39547e82e51e7c


Offering:
Effective September 23, 2013 Shares are 0.4 BTC each, will adjust as USD/BTC exchange rate changes as Terraminer are priced in USD. I am not making a profit buying the Terraminer IV
- 30 shares at 0.4  BTC are available
- Each share entitles the owner to 1/30th of the BTC proceeds from the Terraminer IV mining 24/7 till no longer profitable or sold (less expenses and management fees)
- management fees are 2.5 % of BTC mined before  expenses are deducted.(expenses include but are not limited too, hosting, repairs, shipping, taxes)
- payment will be made to the address of the share-holder  bi-weekly  
- miners will be hosted at data hosting center of OP choice


To purchase shares:

- Send 0.4 BTC per share to address: 15QU4HBzV7wKiQ9z8jgUi4yA1Xng5S7xV6  [This address will be for this GB alone]
- PM me/and post the transaction ID (txid) in this thread.  
- ONLY use sending addresses you fully control. I will use the sending address for BTC payouts for your share ownership and if you request change of payout address I will require that you can sign your share purchase address to make this happen OR I WILL NOT CHANGE THE RECEIVING ADDRESS. This is for your own protection.
-a video on how to sign messages and why not to use online wallets for payments to GB http://www.youtube.com/watch?v=3oxM9_OCQKM
-This Group Buy will be sold in lots of 30 to qualify for another 2 TH/s Terraminer IV , January delivery
-anyone not included in another 30 share lot before January 2, 2013 will be refunded
- shipping is approx $250 for overnight delivery, so has been added to share price

  

IN CASE OF NON DELIVERY:
 - I (soniq)take no responsibility for the possibility that Cointerra does not deliver the Terraminer IV. I(soniq) have done what I consider a thorough due diligence but as we all know, you can never 100% guarantee anything when it comes to pre-orders.
- Refunds will be given in case of non-delivery less 1% for management of GB
- this group buy will be refunded after March 1, 2014 if Terraminer is not delivered, and Cointerra refunds payments
- members can elect to wait further, or members not willing to wait can sell their shares to existing Terraminer IV GB members

Miscellaneous:

- once Terraminer IV are delivered and mining shareholders can sell their shares to shareholders outside of original Terraminer IV Group Buy
- shareholders can sell their shares before Terraminer IV  are delivered to buyers outside of original Group Buy but will be charged a onetime .1 BTC/$40(whichever is higher) charge for name transfer
- at my discretion I can suggest to sell Terraminer IV  at any time and majority vote by share holders can decide to sell or not. Sale proceeds will distributed on a prorated share basis
- I (soniq) will not be responsible if Terraminer IV  do not hash at advertised rate of 2 TH/s
- Any excess BTC above purchase price of a Terraminer IV  will be refunded or paid out prorata as dividends
- any negative balances will be deducted from mining income from your shares




Why should I trust you?

- have a publicly listed ticker at Bitfunder as SNQ.CoinI and SNQ.CoinII
- 100% positive feedback at eBay since 2002 http://myworld.ebay.ca/buglebarn/
- have done some transactions on this forum ( do a profile search, or I can PM )
- do not risk more than you can afford to lose, BTC and BTC mining preorders are high risk
- PM me for other information you need to verify identity
- identity verified by John K https://bitcointalk.org/index.php?topic=226319.msg2404012#msg2404012
- organized a successful GB https://bitcointalk.org/index.php?topic=226319.0 and here https://bitcointalk.org/index.php?topic=242878.msg2577450#msg2577450


If I have forgotten anything or you require more info etc. Please feel free to ask/post in this thread.
Name             Payment address                                       Shares
Code:
dawie        1A5wVw3jThtjVhXpDN6fX85nxrwtucywBe            2
baloo_kiev   17WgctoQV7ZuE4t51GwCKaGuex1KHe9txs            2
souspeed     1GAXnacf7bnrrxXvuNyapwB7VpC66HJGrT           1
peterhuh     1FZBcBFMia6MM9Jn9YLFdqm2D1NXcNynK     1
crhys     16JZWC433XRxjWwR7X65uxRVFdLTmoPr4t           1
Fraggi     1LthkEA4hh2kYdeSgghJTjmXfc4SRhZ7Yq           2
shurkken     1Fe2NuscKmRm1MM7MNAZV49mNnoKvEsgmD           1
an3     1A9gDpogwjv9PYHReBk2i9EFabevniviov           1
iongchun     169bh3hmAiBX79QWJaepgNMCSaJu9FHqCq           1
nenad2     1Bo7F6kGW9JfbUpwjQZYcYa4MZtj58o2e7           2
iHashFury    1LgQo3FUcbDEx6iCBBcZJaFBwhhJvfxbut           1
abdullahadam 1DFFkPTtFTFvC7R2ELCJg7WMDgSnSw36Jd           5
nicksmith    1EodxuEjbycgHiDMYzeDcuBVDgWYFUr1gc           1
markj113     11BoJK2unsoKzHj12x2YpS3CibJrt2qAX             2
Kernel32     1C6CLNAu3BFdsuKkyjce6KCbKkAojiCVQh           2
GreenDefender1N5VYfcxy7Y99rMmqCQgotybSJ5NJyxvn8            1
fs2k155     1HHATBV6dsn65yzuoy1aLss6vwvj4o5zhQ           1
Istie     1GBa4WGEkEsLcm1SWEVcMKVub8ic2rmCPS           1
oys     1B9Fx5SQCfg1ymEvHQ1XurTXcnLnnh6Zcq           2
soonic     1M2CYQ3sE1azYfP2DV4yaG88XuoQq3BSNm           2
riclas     1EXYq4mQYQ9eVcnkgd1hXoct6qJT6R3wG           2
anon     19Rj1tBPetMdf2YKmGQUcwG7irMdKU2mom          10
most-wanted  1grEbhUTNccRVVMs9Ez6GBMAovCCePUzv           5
Fex     1BZbgXTmXcxUJvB2MWffzGJPRCMJy7o3HZ           2
dzindra     12Y3b4ncxNjXfrdL71Z7LS51xVFfqPNwpH           1
Unosuke     1ACUD97KbnKtbEtvhNDd5Czwodkzgmdq4h           1
hhee     12W99SUgxdp2Xqq9bbFfnFcPyGGHuvMBYQ           5
hardpick     1DASRPF2P7Gaq5ZNmUR2KoTvQSbVyDvPac           6
Istie     1GBa4WGEkEsLcm1SWEVcMKVub8ic2rmCPS           1
DBOD     1JZa1pyfuUnjwHjMgFnNyP1WZEPTYJ2EDw           1
hhee     12W99SUgxdp2Xqq9bbFfnFcPyGGHuvMBYQ          10
narayan24    161iPUQoW75ShsDkkU4hiwPvAVpE5qXLXk           2

taktyka     1KzBa4AG4XYBMhGYKtU6Ck4tpy7X7Ya3iH           2
anon     1Gj7D7wSBp9swKdM1AthUdzGvU5kUxk3j9           1
hardpick     1DASRPF2P7Gaq5ZNmUR2KoTvQSbVyDvPac           4
mantel     1EMBptiBkP5VNhM5mDTTzZVZWkRUSEAzZi           4
BBQminter    17ZhKTkwkHD7kFk2ZoA9Suwsqx1fq4e9mD           2
nucleon     1G7b9Hus5UVtVKtXWKBfao4jaZDtjcDFoj           7
hjlow     14uHe6J2vAzsn3TLGsRE6wFaojdnegyzkv            2
nucleon     1G7b9Hus5UVtVKtXWKBfao4jaZDtjcDFoj           7
td204     1ja2G6vVyRoExiCviDnjdzLPQnQcxLnSP           1
UNOE     1MMc227TR2ropsB7CaHaYGqPZNNdfs1yH           2
crashoveride 1GE1FCNHUCwxmapppBr4ZsRS6vN2dt9auV           5
crashoveride 1GE1FCNHUCwxmapppBr4ZsRS6vN2dt9auV           2
rro     1BbqJJx7LE6AX2K8YHE1KDKD3n2C4h9Ggz           1
wolfskil     13gMmJFz5CGmnPvKknq6e8mfDQgNK2zFh2           1
UNOE     1MMc227TR2ropsB7CaHaYGqPZNNdfs1yH           2
nucleon     1G7b9Hus5UVtVKtXWKBfao4jaZDtjcDFoj          10
sealight     1AeKiVdtLmtvGeQq8NEGzKwQGLFs7RwRRB           7
LittleD     1SYFcusAXnhqsaE14Sx4ZrtDxu5bG6X9Q           1
tymm0     1KmsNZyXiZdDxXnQUhw9oYBZAo9emaAuD2           3
LittleD     1SYFcusAXnhqsaE14Sx4ZrtDxu5bG6X9Q           1
crashoveride 1GE1FCNHUCwxmapppBr4ZsRS6vN2dt9auV           1
carpwrist    16dPJ9KAe7yNFR5VvJvYB4LdV5U9HF5hdp           1



 

* waiting for confirmation and or waiting for next buy


If you havnt already download Bit Message, will be using this for contacting shareholders about updates, payments and trading shares

Will also create an informal Skype group for casual conversation amongst shareholders

1550746787
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Reply with quote  #2

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soniq
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August 28, 2013, 01:57:50 AM
 #2

Reserved..

Noogsy
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August 28, 2013, 09:10:41 AM
 #3

You may want to check/update your calculation.
Because currently you are gathering 152 BTC (Currently ~ 19760 USD) to buy a 13999 USD Miner and add a 3,5% monthly Fee.

(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
soniq
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August 28, 2013, 08:38:32 PM
 #4

Thank you for pointing that out, been busy finalizing details on other GB

OP updated to reflect current exchange rates

dawie
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August 30, 2013, 08:48:15 AM
 #5

Excellent opportunity.
For diversity, lets get this GB rolling.  soniq has an excellent track record and manages his GBs very professionally.
2 shares for me please
https://blockchain.info/tx/362e5eb883290108e91503f6166e840246f212008cfc09b6196461a1534125c8

Fascinated by BTC
BTC: 1HWUnvZ3xQykdSJsfyGiGQpZG16uFe8DXJ
XMR: 44fJ52WJGUmceBX6iARnfW6k9p2MFrwkb9AeXRDvQDaZYM8zkA2uuysE164GBGrhkvGh8PAxGUFU5Fq eEmk82Cww3CHdeRS
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August 30, 2013, 11:26:00 AM
 #6

Shares will be listed on Bitfunder?

baloo_kiev
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August 30, 2013, 03:09:20 PM
 #7

53dc7e25c9e08fd0e64dd92a5ca8f65a5242c7eaf62701b58cebaaa043bb520a

Thanks.

PGP: 6EC48BA7
Welcome to my p2pool: BTC
soniq
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August 30, 2013, 05:41:19 PM
 #8

Shares will be listed on Bitfunder?

Yes, they will be listed on Bitfunder

soniq
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August 30, 2013, 05:42:36 PM
 #9

53dc7e25c9e08fd0e64dd92a5ca8f65a5242c7eaf62701b58cebaaa043bb520a

Thanks.

Excellent opportunity.
For diversity, lets get this GB rolling.  soniq has an excellent track record and manages his GBs very professionally.
2 shares for me please
https://blockchain.info/tx/362e5eb883290108e91503f6166e840246f212008cfc09b6196461a1534125c8


Noted and added to OP and speadsheet

Thank you

baloo_kiev
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September 02, 2013, 04:27:08 PM
 #10

Bump?

PGP: 6EC48BA7
Welcome to my p2pool: BTC
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September 02, 2013, 06:51:38 PM
 #11

Miner will be in the first batch of Terraminer? If yes reserve for me 3 shares, will pay tomorrow end of day.
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September 02, 2013, 07:44:15 PM
 #12

Can you say if Anon is one person or many people you group together under the name anon?

Anyways, as you said "will adjust as USD/BTC exchange rate changes as Terraminer are priced in USD.", what ticker are you using for the BTC -> USD conversion? For example, bitcoinaverage says the current average is roughly 137$ per BTC. You are selling 80 shares, each at 1.5 BTC, giving 120 BTC or currently $16,440. You said later than any excess will be returned to the purchasers, so is this conversion done at the moment of purchase?

What will your timing be from moment of reviving the miner to having it up and running in the DC? A week? 24 hours?

"management fees are 2.5 % of BTC mined after expenses are deducted.(expenses include but are not limited too, hosting, repairs, shipping, taxes)"
So 2.5% includes the expenses such as hosting and repairs? This seems obvious but I just want to make sure.

There is no escrow, such as Jhon K, for this, correct?

And last question, though not as serious, will you be posting an unboxing video or pictures? I am sure there are plenty who would absolutely love to see this machine and how it runs and whatnot, especially the packaging. Ok, well maybe just me about the packaging. Tongue
soniq
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September 02, 2013, 09:52:18 PM
 #13

Can you say if Anon is one person or many people you group together under the name anon?

The reason the investor/investors want to remain anon are exactly that

Anyways, as you said "will adjust as USD/BTC exchange rate changes as Terraminer are priced in USD.", what ticker are you using for the BTC -> USD conversion? For example, bitcoinaverage says the current average is roughly 137$ per BTC. You are selling 80 shares, each at 1.5 BTC, giving 120 BTC or currently $16,440. You said later than any excess will be returned to the purchasers, so is this conversion done at the moment of purchase?

https://bitpay.com/bitcoin-exchange-rates , share price is adjusted weekly to try and follow the price swings.  Any debit/credit on share purchase is adjusted with first dividend payment



What will your timing be from moment of reviving the miner to having it up and running in the DC? A week? 24 hours?

  Will be using expedited shipping to get the hardware mining as quickly as possible. I would expect to be mining within 36 to 48 hours of hardware being released from Cointerra

"management fees are 2.5 % of BTC mined after expenses are deducted.(expenses include but are not limited too, hosting, repairs, shipping, taxes)"
So 2.5% includes the expenses such as hosting and repairs? This seems obvious but I just want to make sure.

management fees do not include any expenses, they are subtracted seperately

There is no escrow, such as John K, for this, correct?

JohnK has verified my identity and my details will be released in case of any defaults


And last question, though not as serious, will you be posting an unboxing video or pictures? I am sure there are plenty who would absolutely love to see this machine and how it runs and whatnot, especially the packaging. Ok, well maybe just me about the packaging. Tongue

An unboxing video could be included very easily, I would make arrangements with hosting provider to make a video.

soniq
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September 03, 2013, 08:54:41 AM
 #14

Miner will be in the first batch of Terraminer? If yes reserve for me 3 shares, will pay tomorrow end of day.

Contacted Cointerra and I can verify first delivery shipment

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September 03, 2013, 09:48:43 AM
 #15

Please reserve 1 share for me.
Will make payment this evening.

Free bitcoins, to reveal private key scratch here ==>>  5▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
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September 03, 2013, 01:39:56 PM
 #16


Hi,
Can you write about approx. hosting costs?

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September 03, 2013, 02:01:45 PM
 #17

There is no escrow, such as John K, for this, correct?

JohnK has verified my identity and my details will be released in case of any defaults

Then you should have no problem with accepting John K as full escrow, to hold the coins until the miner is verified as up and running by John K. If this is no problem for you I would be happy to invest some coins into your project, sir.
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September 03, 2013, 02:35:36 PM
 #18


Hi,
Can you write about approx. hosting costs?

I'm also interested in this.

(also, electricity rates?)

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September 03, 2013, 05:06:47 PM
 #19

1 share paid.
20cb026415de0cd624439f5785d6807c827dc3fa2258c01d31e684930123b3bc

Free bitcoins, to reveal private key scratch here ==>>  5▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
soniq
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September 03, 2013, 06:34:19 PM
 #20


Hi,
Can you write about approx. hosting costs?

I have contacted various hosting providers from dedicated colo to individuals with rented storage space.  The rates vary quite considerably.

Cheapest is not always best the best option. Rates vary from .08 to .04 kwh  plus  miner management fees.

I have a provider selected already, but am constantly looking for better options. Will be finalizing a provider soon, and can post final costs.

Cheers

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