[GB]Terraminer IV #5, Coinsortium

[itod]

Two questions:

1) Do investors have an option to change their mind and get full refund before the money is transferred to Cointerra?

2) Will excess payment for shares be returned in full on the very same day when the payment to Cointerra is completed?

Thanks.

[soniq]

Two questions:

1) Do investors have an option to change their mind and get full refund before the money is transferred to Cointerra?

Yes, but careful consideration should be priority before placing any preorders. I have returned BTC to investors in other GB's who opted out before hardware was purchased

2) Will excess payment for shares be returned in full on the very same day when the payment to Cointerra is completed?

If share price is adjusted accordingly, there should be a small positive/negative balance. In my other GB's I am balancing share purchase payment with  first dividend payment.

It just makes the work load  easier if balancing the books is all done at one time

Also the positive balance can go towards other expenses such as shipping, and setup fees.

It can both ways as well, there could be a negative balance as well if exchange rates drop quickly too.

 

Thanks.

[jk_14]

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

Thanks for answer
Could you provide approx. fee based on your current selection?

[manawenuz]

I've paid for 1 Share
txid : b399ff92851c18a10c3acc208eb9b5d72c3075f9169c9e88b2e22d9ecb9de369-000

and here is my address :
1428Nbr7m3VRM5Jjg7xfS2X3bogGNujKAk

thank you.

[soniq]

I've paid for 1 Share
txid : b399ff92851c18a10c3acc208eb9b5d72c3075f9169c9e88b2e22d9ecb9de369-000

and here is my address :
1428Nbr7m3VRM5Jjg7xfS2X3bogGNujKAk

thank you.

Noted and added to OP and spreadsheet

The payment address you post is not in your transaction id, PM'd you to clarify

Cheers

[soniq]

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

Thanks for answer
Could you provide approx. fee based on your current selection?

My first choice for hosting is $350 a month, but am reviewing some possibilities a $250 to $200 a month

[beavertank]

The thread title says shares are 1.33 BTC each, but your buying instructions say 1.4 BTC each. Which is the correct number if we wanted to buy in now?

[soniq]

Hi

I try to follow the BTC exchange rate , the rate is currently 1.4

I will update the Title

Cheers

[frontbit]

Hi has the miner been ordered and paid yet? Thanks.

[crhys]

I would like to participate in this GB, this will be my first hosted system so I would appreciate some advice.

Edited post, Read the original - all questions answered in there.

Payment Sent - 1.4BTC from my Public Address - 16JZWC433XRxjWwR7X65uxRVFdLTmoPr4t

https://blockchain.info/tx/6f76e48746dee32d3bc24d030d991da022b7271dd8618e457e20453d2335b680

[soniq]

I would like to participate in this GB, this will be my first hosted system so I would appreciate some advice.

Edited post, Read the original - all questions answered in there.

Payment Sent - 1.4BTC from my Public Address - 16JZWC433XRxjWwR7X65uxRVFdLTmoPr4t

https://blockchain.info/tx/6f76e48746dee32d3bc24d030d991da022b7271dd8618e457e20453d2335b680

confirmed, thank you

Added to OP and spreadsheet

Please send me your email and Skype

[soniq]

share price updated and new investors added

[crhys]

Soniq, don't like to add idle chit chat into the thread, but what does the countdown timer on your first post (in this thread) countdown to ?

September 18th at 20:00 (Uk time) hmmm

[soniq]

its the time I have to get hardware  paid for to qualify for first order delivery

[Delmonger]

Here's an Ebay (CC) option if you don't have/use bitcoins yet:

http://www.ebay.com/itm/181210411210?ssPageName=STRK:MESOX:IT&_trksid=p3984.m1559.l2649

or this one is similar   :

http://www.ebay.com/itm/10-GH-s-Asic-Bitcoin-Miner-Mining-Not-Butterfly-Labs-With-HOSTING-/181213800184?pt=LH_DefaultDomain_0&hash=item2a312f26f8

This is also a Cointerra machine.  This is a separate deal, but same idea.

Thoughts?

[dex1]

its the time I have to get hardware  paid for to qualify for first order delivery

What happens in case you won't raise enough BTC to pay for the hardware before that time ?

[soniq]

its the time I have to get hardware  paid for to qualify for first order delivery

What happens in case you won't raise enough BTC to pay for the hardware before that time ?

I would ask existing members if they wanted to purchase the the second delivery shipment. If not I would refund BTC.

Cheers

[shurkken]

Payment sent. 1.5 btc for 1 share
Transaction ID: a752dc16dfc7094012cecac1245fd7814e013467638e1c336b946bab8254b560

[soniq]

Payment sent. 1.5 btc for 1 share
Transaction ID: a752dc16dfc7094012cecac1245fd7814e013467638e1c336b946bab8254b560

Added to OP and spreadsheet

Welcome :-)

[Adamlm]

So this GB is for a Terraminer which will be delivered in December, right?
Have you already made an order for it?