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Author Topic: [Interest Check] Buying 1 Cointerra Unit [$14k = 2 Th/s]  (Read 415 times)
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September 02, 2013, 06:28:30 AM

Why Another Pre-Order?

I have looked around trying to buy ~$1k worth of a Cointerra machine.  I have found some group buys but no one I can 100% trust.

Why Can We Trust You?

I am pretty well known in the poker and bitcoin world.  My name is Bryan Micon and I've been a pro poker player / entrepreneur for about a decade.  I've run a forum/podcast since ~2004 [ &] and made lulz on ESPN in the 2006 WSOP Main Event:  where I won ~$120k.  I am the site pro and affiliate manager for SealsWithClubs and have been since mid-2011.  this year I played ~$45k worth of WSOP events and sold %'s of each event.  That public spreadsheet is here: I also got Zerlan'd at CES this year and blew him up on  IMO if you vet me you can plainly see I fight for good, not evil.

How will the btc-collection and Cointerra payment go down?
I'm just gauging interest at this point and am open to suggestions / changes.  I feel the community can trust me to collect the $14k and fire it at Cointerra as soon as I have it.  Because the price for the miner is delimited in USD, I have an idea to set a specific "fire date" where there will be a ~24 hr window to shoot me bitcoins, maybe err slightly on the high side so I won't need to ask for a small amount more per person if the price goes down, and I'll fire the aggregate at Cointerra. We can use whatever price Bitpay has at the time, as Cointerra uses them for btc processing.  There may be small refunds.  I'll drop a nasty spreadsheet for the entire process.  

Ok let's say you collect the funds / buy the miner / don't run to Mexico / and Cointerra ships it to you how will it go down then?
I'm currently mining a 36x Block Erupter setup into BFGminer running on an old lappy.  I live in a house in Las Vegas and power isn't exactly free but it's cheap.  1 of the rooms is my office, and I have a large closet here.  Cointerra machine lives there + a few box fans.  The site says the sucker should cool itself but IMO blasting it with fans can't hurt.  IMO mine it on Slush's pool, as I trust that group the most at this stage.  Pay monthly bitcoin disbursements on the 1st of each month.  I will deduct a monthly 1-2% fee for electricity / my valuable time [will get it as low as reasonable / spreadsheet will tell all] and will buy at least $1k USD worth of this miner.

Please give me your feedback.  Right now I'm thinking ~14 shares at $1k each and involve some of my poker buddies that want to fire on mining.  If someone wants to take a $1k share and divide it up further that would be cool too.  I'm not looking to make an empire here and buy tons of these things, just want to buy and mine one of them as my calculations on December delivery have $14k for 2x Th/s being very +EV, maybe gettign close to paying for itself in January-February 2014.  Seems like a fun gamble.  

Give me a reply if interested / add your thoughts to my loose plan.  

I'm flying FPV race drones these days. Check out my YouTube channel:
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September 02, 2013, 08:53:39 AM

Interested in doing a group buy on chips and getting them assembled instead?

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