[CLOSED] R8B: Bitmine Rig, 600GH/s, At-cost+Host, $70= 10-15GH/s+UPS

[DyslexicZombei]

Dec. update: This is CLOSED.

Sorry about any confusion. Also, if you didn't hear, December orders slipped to January but January orders supposedly haven't been affected.

==

November 3 update: This R8B GB is still open! The share price is back up to $70. You can get a refund if you want or you can just hang out until we get enough BTC for another module. This is currently the only DZ MC GB being run at this time.

75 73 ZERO shares available!*

FLASH UPDATE, 10/16, 10:45 PM HST: I'm in a Skype conversation with Giorgio from Bitmine in another window. He's confirming a NEW Halloween Sale: 15% off Regular Prices! Therefore prices have been reduced for our at-cost R8 GB share prices by 15%! The new R8 share price has been reduced from $70 to $60!


This is the first Public Notice of this Promotion, since I tend to have discussions with various ASIC manufacturers when these kinds of things come up.  

10/28 update: Bitmine Rig Rounds 7 and 8 are now CLOSED and PAID. You can still buy shares in this rig in R8B, however.  

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To reserve shares automatically and for easiest spreadsheet export,
please visit the new DZ Miners Cooperative website.

www.dzminercoop.com

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[

Co-op Site stock has been updated.

http://www.dzminercoop.com/?p=234


Back by popular demand! How am I supposed to keep the shelves stocked if you guys/girls keep buying everything?    

Re-introducing Bitmine to the DZ MC! We almost bought a BM Rig for R2 until we received a Day 1 HF buyout offer we couldn't refuse.
Round 7 is the host Bitmine Rig for Round 8 and this new Round 8B Round which maxes out at 600GH/s nominal hashrate.


* If we fail to sell enough shares before Oct. 31 to secure 15% off pricing for at least one expansion module, then all R8B buyers will be refunded with no restock fee.

Target machine is a Bitmine Rig: https://bitmine.ch/?product=coincraft-rig

10/28, Round 8B update:

Target hashrate for Round 8B is 600GH/s with 75 shares issued. This is the *nominal* hashrate. We're running this in Turbo mode and possibly Super.Turbo mode since we'll have our Cooperative's miners in an extra cold, enclosed A/C cooled cabinet built by bobsag3 and other engineers at his pro colo facility. Turbo Hashrate is officially listed at about 850GH/s.


At-cost Share price is: $70 $60 for 8-13 10-15 GH/s, est. delivery late December/early January. Hosting/Management fees are applied during payouts every 2 weeks, and are the world's lowest professional hosting/management fees at only 2.75%

Your share includes an estimated 20 minutes of power protection built into the at-cost share price. Power protection from outages, sags, and spikes come from an APC UPS with Battery Bank to keep the BTC flowing during short power outages.

This R8 Bitmine Rig is in the Bitmine reservation queue with a downpayment already sent: http://i286.photobucket.com/albums/ll87/SurfSkateKauai/DZMinersCooperative-Bitmine800GHs-Round7.png

These R8 upgrade modules will ship at the exact same time as the R7 Bitmine Rig.

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DZ Miners Cooperative Roles for this R8 GB:

thomas_s : Primary GBC for Rounds 5-8. Vetted Co-GBC during R3/R4. R2 member.  Set up Online Auto Reservations for the co-op! Thank you! Send BTC payments to our website and questions for R7 to thomas_s .  PM CC -Redacted- and thomas_s please for anything related to reservations or payment details.

DZ : Co-op Founder / overall coordinator of the Cooperative, background role for R7. Overseeing payouts and Primary admin for Co-op miners. John K. Escrow vetted.

-Redacted- : Vetted Co-GBC and remote admin for DZ MC. Also: DZ Miners Cooperative Boxed Set owner in R1-R7!

jungle_dave : Vetted Co-op member and Former Electrical Engineer / Network Engineer. Backup Admin for co-op miners.

bobsag3 : Vetted Co-op member. 2.75% hosting fees for vetted miner hosting at a professional colocation hosting facility in Missouri! Lowest fees around.

unknown.usr, mootinator, thomas_s, -Redacted- : Software programming and software support.

==

If you have questions as to how this whole darn at-cost, Democratic Miners Cooperative that's also a mesh network works, please send me a PM or state your concerns publicly as there's nothing to hide in this co-op.  

Only hurtful or trolling posts will be deleted as we welcome all valued opinions, insights, concerns, and improvement ideas to improve our at-cost (or even below cost) cooperative of about 50 members (so far).

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Image Credit:   Original Image  

                                      _.====.._
                                    ,:._             ~-_
                                        `\              ~- _
                                           |   _    __.       `.
                                         ,/   /  \    /           ~ - _
                     ..__..-..__...-      /__/  /__                `_ ~~--..__... DZ's Miners Cooperative, Round 8 ..."The little Co-op that could"----......~~--.._

An At-Cost Democratic Miner Co-operative with the world's lowest fees
for vetted miner hosting/management services: 2.75%

~50 members: 1 Scientist, 7 admitted IT Pros, 3 Network Engineers, 3 Electrical Engineers, 2 Finance Employees, 5 GB Coordinators, multiple vetted host sites.*

*Note: A listing above does not necessarily indicate that this person runs or contributes to the running of the co-operative, but many of the pros listed have made their services available to the co-operative.


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This Co-operative is led by a John K. vetted Network Engineer based in Hawaii, DyslexicZombei or DZ, who gets to design prototype IT hardware and lab/field networks in support of cutting edge research projects, and has been in the line of work of T&E and R&D for nearly 10 years, with 50-60 Hawaii/US Aerospace/IT/R&D/Civ. Engineering Endorsements on LinkedIn. The other remote administrators are jungle_dave who is a former Electrical Engineer and Network Engineer and -Redacted- a UNIX guru and veteran miner. There are 5 leaders in the DZ MC, with thomas_s and I doing the actual running of the Cooperative. Mining Equipment will be operated by vetted IT pros or a vetted IT college student, with backup host sites available. Payouts are every 2 weeks minus a 2.75% Hosting/Management fee, the lowest around. Once sales begin, Refunds available up until unit ships at 1.5% restock fee. We vote on all buying, shipping, and resale decisions as well as vote on the month to attempt equipment resales after 5-7 months of operations. Vetted GB Coordinators are encouraged to team up to increase buying power and close out Group Buys quicker. All suggestions are welcome to help improve our Co-operative.

- Approx. total value of GBEC / GBC ASIC pre-order sales or pre-sales of shares on this forum by DZ MC in last 6 weeks: $56K
- Approx. value of DZ ebay ASIC sales (including 4 HF Baby Jet shares listed on ebay/BTC Talk GB forum & purchased on ebay worth $620) since Aug.1 : $3.9K

- Several new GBCs and Bitcoin Miner Hosts vetted for free, and several scams pointed out on two BTC related forums.
- Number of HashFast miners ordered and paid for, so far: 2 Baby Jets, 2 Sierras, 3.6TH/s+ Total
- Number of KnC miners: 2 Jupiters, 800-1200GH/s
- Number of Bitmine miners: 1 Bitmine Rig, 800-2000GH/s
- Total Ordered HashRate: 6TH/s+ Total
- Online Auto reservation system tailored for Group Buys thanks to vetted GBC thomas_s!

- New! Server grade UPS units, a DZ MC gas generator, and a DZ MC Air Conditioner just for our miners in a custom cooled cabinet built by bobsag3, which will allow us to provide a perfect home to explore Overclocking for DZ MC ASIC miner rigs.



-Data current as of 10/16/2013, PM

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[1714773556]

1714773556

[1714773556]

1714773556

[1714773556]

1714773556

[1714773556]

1714773556

[DyslexicZombei]

Round 8 Payment Details (Similar to R7-R10, for the most part)

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BTC Payments will be directed to thomas_s via our site for R8 but I will have co-admin to this wallet for auditing or for payments if we're in a rush. We've worked together on 8 different Group Buys with great success including 2 of the fastest GB sellouts in the forum's history for Industrial class Rigs.

For US Customers: for a 3%  fee for USD conversion to BTC, we recommend: www.cashintocoins.com a FinCen compliant USB who can get BTC sent to the wallet address you want in as little as 15 minutes to an hour.

For Intl. Customers: We are still exploring suggestions for inexpensive BTC conversion but I can recommend www.bitstamp.net at this time as that's the exchange rate used by our payment processor.

DZ MC R8 Product Link: http://www.dzminercoop.com/?product=r8-bitmine-rig

PayPal payments (UPDATE): If payment is being made by Paypal place an order on the site and place a note on the order when you place it saying you're paying by paypal...then give whoever you are buying BTC from the order # and the payment address. Please make sure to send it as a gift to "friends and family." This helps keep your share prices as low as possible (no PP fees) and well as protects us against illegal chargebacks after BTC deposits have already been paid out in November. Sorry, this is no longer available. This payment method is "sold out."

If there's any concerns about registering your payment, please follow up with a PM to Thomas or a support ticket. There's two methods to resolve this:

A. Send a support ticket on our website www.dzminercoop.com

OR

B: PM to thomas_s on this site

Subject: DZ HF GB R8, x shares, x BTC
Details: Please include Tx ID, your wallet address for payout, and any concerns you may have about your transaction(s)

==

thomas_s -  Primary GBC for Rounds 5-10. Co-GBC during R3-R7. R2 member. Send BTC payments and questions for R7 to thomas_s . Set up Online Auto Reservations for the co-op! Thank you! PM CC -Redacted- and thomas_s please.

DZ - Need escrowed Group Buy shares? For a 2% extra fee you get 3rd party fund holding, dispute resolution, and $500 insurance per transaction at BTCrow. [DISCLAIMER: I, DyslexicZombei, am an approved Escrow Affiliate at BTCrow.] Please PM Carbon Copy thomas_s please prior to escrow payment.

NEW! 10/18 UPDATE from Thomas:

"Bobsag3 will be accepting wire transfers (for 20+ shares) and chase quick pay (any quantity of shares). and credit cards by Square https://squareup.com/market/miner-hosting-llc/share-r-bitfury-gh-s-min-ups-backup

Thomas_s will be accepting TD bank and CitiBank (USA) checks (any quantity of shares). At this time no other banks checks are being accepted. EDIT: Sorry, only available for Round 8. My mistake.

*These payment options are only available for Rounds that don't need BTC conversions. (At the moment the only open Round(s) is/are 10)

I've also located the reason for the zombie rounds...apparently there is a bug in the site where it reduces the stock when the order is placed and when it is paid.

The updates on the forum were going by what the site displayed which was effectively doubling what was actually sold so that's where those shares magically popped up from"

===

Thomas is handling questions and collecting payments for R8 via our site (unless you require Escrow, in which case you can PM me). He set up the automated reservation site and the GB with my input. Great work Thomas, and it's definitely an improvement over me trying to keep up w/ an avalanche of PMs and payments.  

I will still handle or assist in:

- Ordering
- Shipping details
- (Optional) Escrowed GB shares for those that insist on Escrow Protection from a 3rd party for: holding BTC funds, post-sales dispute resolution, $500 insurance per transaction at 2% extra cost to share price. Semi-automated Escrow is done thru BTCrow.
- Remote miner setup
- Remote troubleshooting/
- Incremental overclocking
- Payouts or assist in payouts
- Auditing hashrate vis-a-vis payouts
- Dispute resolution and arbitration, if necessary. [Should be rare as we're all adults that don't need to yell. ]

Refunds: If we can't raise the funds to buy the full 800GH/s, we'll just order smaller modules with less hashrate. Refunds are discouraged because of the chaos caused in Group Buys, but if necessary, you will be refunded before the miner ships, at a 1.5% restock fee. After the miner ships, no refunds are available.

By sending payment, you agree to these Refund terms before purchase.

[DyslexicZombei]

First time I added a product to my own co-op's site.    

I did it all by myself... Well, me and Control C+Control V...and the site Thomas built, hosted, and patiently taught me to use. Other then that: all by myself.

Site is open for Round 8 ordering now. Cheers!

BTC Option (least expensive form of payment): www.dzminercoop.com

=====

If you or someone you know only have PayPal funds available, there's still a PayPal at-cost option available via my wife's eBay acct. where I'm her co-seller/buyer for eBay IT related items: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=131018101196

Of course, this option is more convenient but it's more expensive, as it includes at-cost eBay + at-cost shipping fees that aren't incurred through our site.

[DyslexicZombei]

Paused for now.

Late R7 payments will be shifted to this round. This may include ebay payments which require sending a tracked letter w/ signature confirmation.

R8 is paused for now, but I'm positive it will open up shortly or a few days.

[thomas_s]

Paused for now.

Late R7 payments will be shifted to this round. This may include ebay payments which require sending a tracked letter w/ signature confirmation.

R8 is paused for now, but I'm positive it will open up shortly or a few days.

R7 reserves were opened to anyone because they weren't paid if you were interested in R8 you can hop into R7 instead.

http://www.dzminercoop.com/?product=r7-bitmine-rig

[DyslexicZombei]

R8 is now open again for those that want Bitmine hashrate in December.

R7 is locked at 95 shares w/ the addition of OldGeek's 2 eBay shares as the last R7 shares.

New R8 purchases will be allocated to upgrade modules from the R7 Rig.

[DyslexicZombei]

Prices have been reduced 15% for this Round 8 thanks to Bitmine's New Halloween Sale!

I just happened to be the first person in the world outside Bitmine to find that out thanks to a Skype conversation when he told me about it.  

Therefore: this is the first Public Notice of this promotion.

At-cost Share Prices have been reduced from $70 a share to $60 a share!

[wpgdeez]

Since you just ordered the other rig a couple days ago you should try and get this pricing on both.

[DickMS]

Hey, DZ, all, - I want to buy 10 shares in R8, for $600... but how is the translation determined into BTC? Would it be acceptable to simply PP-gift the money to Thomas_s?

Thanks!
DickMS

[DyslexicZombei]

Since you just ordered the other rig a couple days ago you should try and get this pricing on both.

Our order was complete 2 nights ago. We had already canceled our first order from last Friday and applied the money to our order on the 15th to save about 4-5 BTC (which is the first time with 7 Industrial class ASIC rig purchases I've ever had to do this). I had to do a bit of back & forth with Bitmine to make sure it was coordinated correctly. I'd feel bad about cancelling *yet again* esp. when Giorgio and I both know that the new promotion started last night.

Keep in mind: they're a small startup much like many of the new ASIC mfgs. I don't want to abuse their ordering system further then I already did as I'm trying to build longer term business relationships with various manufacturers to benefit our co-op. We already saved 12% off the at-cost BTC cost simply by using the higher exchange rate this week.

These 12% savings were already passed on to the R7 members in the form of only having to raise 91% of our targeted shares, so that 9% extra hashrate is being split amongst the 91 PAID R7 shares.

[DyslexicZombei]

Hey, DZ, all, - I want to buy 10 shares in R8, for $600... but how is the translation determined into BTC? Would it be acceptable to simply PP-gift the money to Thomas_s?

Thanks!
DickMS

Hey Dick,

Welcome back! I also saw that you're working on a BM board design. G'luck!

Perhaps you might want to sound out co-op members if you need help. I know jungle_dave a former EE/Net. Engineer, with a cryptography background, and has some ideas to improve hashing efficiency. There's also a couple of other EEs in the co-op.

WRT to R8: Please contact -R- to see if he can fit you in. I'm still floating 4 eBay shares I need to get to him for R6 and 2 more eBay shares for OldGeek for R7.

We use the current Bitstamp rate when you're doing your purchase. This helps us deal with currency volatility which is why you see DZ MC GB shares priced in USD since Round 2. We'd only change this if a Rig we targeted was priced strictly in BTC.

==

BTW, I noticed on Reddit that you mentioned that you have a CNC mill? I do too (CNC mill & lathe and 3D printer), but I've never seemed to find the time/inclination to train on this CNC gear sitting in my garage. I should probably sell this gear. It's worth a bit.

Let me know if you'd be interested in helping me with a side project. I have a world class machinist buddy that helped me come up with something interesting but he's far too busy it seems to help me on this little side electronics project. I need a small volume of precision aluminum objects for my neat little project.

Please shoot me a PM if you're interested in helping me out with your CNC skills. Cheers!

[mrm0]

Hello folks,

soft reservation for 10 5 shares, please

(after looking at R10, I need to reallocate funds)

[DyslexicZombei]

Completely understood. This co-op is all about trying to hedge your bets by spreading them among options that you're comfortable with.

That earlier delivery in R10 is tempting, but this R8 option is great for those looking to spend half of what R10 costs.

==

80 shares available. Thank you!

Welcome aboard if there's any new co-op members who joined.

If all the payments show up, at the very least we'll be able to buy 1 upgrade module or more.

[DyslexicZombei]

Also: I updated the OP with the newest HashRate estimates from Bitmine:

1 share was listed as 8-13 GH/s originally for R7/R8.

Shares are now being listed as 10-15GH/s thanks to the latest news from Bitmine.

[mrm0]

Hello folks,

soft reservation for 10 5 shares, please

(after looking at R10, I need to reallocate funds)

5 shares ordered and paid.

Cheers

[Adamlm]

1 share for me, order placed and paid #279
Thanks!

[DyslexicZombei]

Hi adamln and mrm0, welcome back for R8 and R9/10!

We definitely have enough to secure 1 or 2 more Bitmine modules if all the payments went thru on R8. Nice!

67 shares available.

[DyslexicZombei]

This Bitmine Rig module upgrade Round 8 is now more then half reserved and/or paid!

Mahalo!

47 shares available.

[thomas_s]

This Bitmine Rig module upgrade Round 8 is now more then half reserved and/or paid!

Mahalo!

47 shares available.

I'm not sure how these numbers are changing so quick we have 16 paid in this round.

[DyslexicZombei]

Could be phantom orders, double orders, a competitor, or a troll.

If someone's trolling us they can only slow a Round down, no big deal. We just adjust the numbers upwards later and carry on. Life will go on yet that troll will still need to find a way to get a life.

==

One new co-op update that I can add: Thomas & I have agreed to officially work with a true FinCen registered MSB! That means that for US customers, for only 3% extra, you can convert cash into Bitcoin in 15 minutes to 1 hour!

http://cashintocoins.com/

You simply deposit your cash into a US Bank and soon after BTC will be sent to the address that you specified on your behalf! This is from their FAQ:



"Q. How quickly do I get my bitcoins?

A. Short anwer, as quickly as possible. Long answer, it depends on your payment method. Cash deposits to any bank will get you your coins within 1 hour, often less than 15 minutes."

The DZ MC is in the process of registering as an official reseller for Cash Into Coins, but for US customers: please feel free to immediately begin using their service if you'd like.

For Intl. customers: if anyone has inexpensive fiat into BTC options they can recommend, we're all ears.

I, personally, recommend Bitstamp for Intl. BTC purchases simply because that's the exchange rate we use and for the fact that they have low rates.

==

47 shares available. (Based on official site reservations and payments)