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Author Topic: [CLOSED] R8B: Bitmine Rig, 600GH/s, At-cost+Host, $70= 10-15GH/s+UPS  (Read 12099 times)
DyslexicZombei
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October 28, 2013, 01:27:47 AM
 #41

So do we still send a message through the site to reserve shares?  I'd like to snag a couple.

Hey madpoet,

Yes, please do. It's the easiest way for us to track things and export to spreadsheets.

Also: very important, if you're buying from 2 or more DZ MC rounds, *please* separate the transactions so that Thomas doesn't have to pull his hair out trying to figure out who bought what, for how much (a limitation of our free tools, at the moment; upgrades are planned shortly).

==

59 shares available.
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DyslexicZombei
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October 28, 2013, 08:49:44 PM
 #42

Great news for the owners of the 41-45 or so shares paid for R8! Thomas bought a few shares so this Round so that the ordered hashrate could be kicked up to 600GH/s for Round 8!

For the co-op: We were able to take advantage of the rise in price of BTC to lock in a payment just a little north of the $200 USD mark.

Ergo: your hashrate just became more valuable due to the rise of BTC's value since your payment(s). You directly benefit without any additional cost!

We'll sort out just how much hashrate bonuses you guys scored once we have final numbers but the calculation for payouts in R8 will be:

1) Proportion of HashRate for R8 is:

Total Hashrate - Round 7 Hashrate = Round 8 HashRate.
1400GH/s - 800 GH/s = 600 GH/s Nominal HashRate

This is therefore equivalent to 42.86% of the Bitmine's combined Hashrate and concomitant payouts. This is assuming we were unable to split hashrate fairly between R7/R8 at these exact proportions in software.

2) Within Round 8, after fees of 2.75% hosting/management fees are applied, the payout calculation per miner is:

Total BTC Mined  * Your Shares / Total R8 shares PAID = Your R8 payout

Ex. 10 BTC Mined by R8 modules. 24 shares PAID out of 48 SOLD in R8.
Therefore: 10 BTC * (24/48) = 5 BTC
DyslexicZombei
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October 28, 2013, 08:53:13 PM
Last edit: October 28, 2013, 09:05:27 PM by DyslexicZombei
 #43

Round 8 is CLOSED, by the way.

Doesn't mean the sale has to end, however. We're opening up Bitmine Rig Round 8B, which is a continuation of R8 at these rates until October 31 in three days.

75 shares available in Round 8B.

==

If we don't raise enough for 1 or more Bitmine modules (we have capacity for 30% more modules) before October 31 then: we will refund you with no restock fee...

unless I can convince Giorgio to give us a few more days.  Wink  Cheesy
madpoet
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October 28, 2013, 09:00:46 PM
 #44

Gah, I had just messaged on the site earlier about Round 8 and was told it was still open Sad  Tempted... just hate to not get enough others to buy in.
DyslexicZombei
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October 28, 2013, 09:07:23 PM
 #45

Gah, I had just messaged on the site earlier about Round 8 and was told it was still open Sad  Tempted... just hate to not get enough others to buy in.

Well, it will only cost you 3 days of time if we don't get enough to purchase a 150GH/s of additional hardware, since there's no restock fee.

Had to adjust the number of shares from 50 to 75. Realized we were raising 75% of the hashrate from R7/R8; not half. Duh.

Here's the site shortlink to R8B: http://www.dzminercoop.com/?p=234
DyslexicZombei
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October 28, 2013, 09:13:56 PM
Last edit: October 28, 2013, 10:56:52 PM by DyslexicZombei
 #46

Gah, I had just messaged on the site earlier about Round 8 and was told it was still open Sad  Tempted... just hate to not get enough others to buy in.

Well, it will only cost you 3 days of time if we don't get enough to purchase a 150GH/s of additional hardware, since there's no restock fee.

Had to adjust the number of shares from 50 to 75. Realized we were raising 75% of the hashrate from R7/R8; not half. Duh.

Here's the site shortlink to R8B: http://www.dzminercoop.com/?p=234

He may have been referring to the fact that oversales would be shifted to R8B if payments weren't made before we bought modules from HashFast.

I believe you're in R8 as I saw a flurry of buys this morning before the order went in, locked in at that $200+ BTC price. We were trying to give you guys the best value possible at no extra charge.  Those R8 guys/gals are lucky, they're going to get a lot more bonus hashrate than R7 thanks to BTC appreciation while we were holding R8 funds. Smiley
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October 29, 2013, 02:26:20 PM
 #47

Is projected hashrate per share 12-15? (600GH/s - 850GH/s)

I trust you guys will be able to get turbo out of it with your experience :p.

I should be able to put a dent in them shares before Oct 31st, when is the delivery due?
DyslexicZombei
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October 30, 2013, 02:47:59 AM
 #48

Is projected hashrate per share 12-15? (600GH/s - 850GH/s)

I trust you guys will be able to get turbo out of it with your experience :p.

I should be able to put a dent in them shares before Oct 31st, when is the delivery due?

Yes, that seems to be closer to actual hashrate. We'll be kicking the tires on overclocking since we have site specific conditions that baby these miners vis-a-vis power/cooling/internet.

This reminds me: thanks to the extra value of BTC that we just passed on to you all, the actual nominal and turbo hashrates for R8 shares is now officially estimated to be 25GH per Coincraft chip at nominal, 40GH/s per Coincraft chip at Turbo, so I can give you some estimates. Therefore:

R8 Share ~= 600 GH/s / 47 shares = 12.76 GH/s ea.

R8 Share - Turbo
~= 960GH/s / 47 shares = 17.87 GH/s ea.


Not too shabby for $60 and with all of our exclusive co-op bonuses included.

Remember: These are estimates and if the hardware is behaving well, we'll see about getting even more hashrate without damaging our equipment.
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October 30, 2013, 12:33:13 PM
 #49

Doesn't seem like we are going to hit the 75 shares unless there is a huge spike Sad
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October 30, 2013, 02:29:31 PM
 #50

Doesn't seem like we are going to hit the 75 shares unless there is a huge spike Sad


WELL this one is too far down the road for most of us.  The gear is due dec 20 - jan 10  that is a long time from now.

 I would order from r11 before I would order here.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
madpoet
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October 30, 2013, 03:22:08 PM
 #51

Yeah I know, and I have Smiley
nuffsaid420
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October 30, 2013, 04:35:04 PM
 #52

Order# 368  from me. I picked up 2 R8B and 1 R11. Same payout address across the board.

Thanks again.

nuffsaid420
DyslexicZombei
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November 03, 2013, 10:02:36 AM
 #53

Order# 368  from me. I picked up 2 R8B and 1 R11. Same payout address across the board.

Thanks again.

nuffsaid420

Thanks nuffsaid420, and welcome aboard!

This Group Buy is still on-going. However, the Flash Sale pricing is OVER and the shares have been readjusted from $60 back up to $70 ea.

73 shares available, $70 ea.

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November 04, 2013, 11:40:11 AM
 #54

Hi.  I'm confused.  Could you tell me:

1 - what exactly is available now?  on your website everything says sold out
2 - does available "now" mean usable now?  or prepaying for something in the future?

Thanks.

M

I mine at Kano's Pool because it pays the best and is completely transparent!  Come join me!
DyslexicZombei
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November 07, 2013, 07:32:52 AM
 #55

Sorry dude,

Thomas & I lagged on updating the site details. We've both been super busy setting up our pro arm of our BTC efforts which will include Miner Hosting, Arbitrage, and servicing many (and owning a few) BTC ATMs, among other activities. Lots of meetings and lots of edumacation.

However, this R8B GB is still open, and we'll add additional modules as funds come in.

Cheers,
DZ
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November 13, 2013, 08:26:37 PM
 #56

Are going to add more shares?
DyslexicZombei
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November 16, 2013, 09:37:05 PM
 #57

Sorry, the last of these shares was bought out internally as we're going to use this hashrate for the co-op war chest for: site and facility upgrades to better serve you all. The extra hashrate only came up to 2 modules: or 400GH/s.

We will be launching an R18x shortly. It is a January delivery but will only be $58 for 10-15GH/s.

I should have that listing up shortly. If we run out of shares, we'll even order more Rigs.

Cheers!
DZ
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November 16, 2013, 09:57:10 PM
 #58

Is it just me or does everything on the website say sold out?

sf2
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November 19, 2013, 05:35:36 AM
Last edit: August 19, 2014, 05:32:58 AM by sf2
 #59

 Smiley
thomas_s
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November 19, 2013, 05:44:36 AM
 #60

Is it just me or does everything on the website say sold out?
Sometimes everything is sold out in between putting new rigs up. It does take us time to figure out what we are offering next.

Right now we have the prospero x-3 and bitmine rigs up.
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