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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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floatyfish
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November 06, 2013, 01:05:00 AM |
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Also, I can tell you that things are moving quickly on both the "amateur" and the pro side of our activities, and that we hope to have the framework for an investor compensation plan for any Qualified Investors interested in diversifying from miners. As of today, we are officially incorporated as a LLC. doing crypto related ATM business.
Would you be able to go into more detail about this? I would love to be an investor even if I can only submit a small amount of money. |
If you feel like donating: 1NtgJf4znCsA5GJDCbqtowHL2143WyqLkC
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ThinkFast
Member
 Offline
Activity: 69
Merit: 10
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November 06, 2013, 01:18:28 AM |
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When I buy a share, is there legal documentation that explains what I entitled to? If so, where can I find it?
Thanks.
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DyslexicZombei (OP)
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November 06, 2013, 01:50:59 AM |
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When I buy a share, is there legal documentation that explains what I entitled to? If so, where can I find it?
Thanks.
None of these Group Buys for miner rig shares here have legal documentation at this time that I'm aware of, on any of them. These are "virtual shares" for the uninitiated. There is business insurance on your equipment, and well...our co-op's rep that we won't steal your BTC or fiat. We've done about $200K in sales now if you include the BTC ATM funds being refunded right now. We're paying out BTC on R5/R6 which is hashing, and will be doing a miner payout on R9-12, which is also hashing, on or about November 15. There hasn't been a single complaint from anyone as to how we've handled their USD/BTC/ID. Please, please speak up if you don't see your name/address on the official spreadsheet as we're known for being sticklers about getting share ownerships correct., but honest mistakes can happen. However, on the legal documentation side: I'm happy to report that we incorporated our BTC ATM sub-company. We are setting up a number of sub-companies. This means that even our "amateur" Group Buys here will soon be given the honest to goodness, pro treatment with good ole legal documentation and the power and rep of our co-op and corporation behind it. |
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likeBTC
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November 06, 2013, 01:57:34 AM |
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one can get a red fury or blue fury for the same price as 1 share here. Red/blue fury mere 2.5 GHS, your share 8-10 GHS. What's the catch?
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philipma1957
Legendary
Offline
Activity: 4102
Merit: 7742
'The right to privacy matters'
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November 06, 2013, 02:05:42 AM |
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one can get a red fury or blue fury for the same price as 1 share here. Red/blue fury mere 2.5 GHS, your share 8-10 GHS. What's the catch?
I will answer that . this is a better deal not that much of a catch for small investment of 113 or 226. for a large investment of 50 shares one could argue there are better deals. buy a knc jupiter btw I have a red fury and still can't get it to work on bitminter. and I have some cex.io shares and I have some asic miner sticks. and I have some shares in a knc group buy. I have sold 1000 usd in ups gear to the coop ( at half price) and I do know the location of the mining site. I am a long term seller on ebay. http://www.ebay.com/usr/philipma1957 ten plus years. |
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DyslexicZombei (OP)
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November 06, 2013, 02:14:37 AM
Last edit: November 06, 2013, 02:37:29 AM by DyslexicZombei |
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Thank you for the input Philip. Phil's such a great guy he gave the co-op a ~$1500-ish deal for server grade UPS/Batteries...for only $525! Don't forget, you need to pay electricity for that stick; our hosting costs are cheaper than 99.9% than most home mining sites. You also get access to 5 remote/local admins, every single one of them a longtime IT pro and/or network/software/electrical engineer, with a combined 80 years+ of hardware/software troubleshooting and design experience. Also: we plan on selling all of our miners at about the 5-7 month mark when most of the year's projected ROI has already been met (90%+), in order to recoup purchase costs and split this among the Round's buyers. ...and I'm very, very good at hardware arbitrage...   |
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Miramyn
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November 06, 2013, 02:19:35 AM |
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one can get a red fury or blue fury for the same price as 1 share here. Red/blue fury mere 2.5 GHS, your share 8-10 GHS. What's the catch?
I'll add my thoughts on this as well. If you buy the red//blue fury you get a physical item that you can do what you want with it. You can set it to mine whatever coin you want, btc, any sha256 alt coin etc. You can see the blinking lights, touch hold and feel it. You can sell it, show it to your friends and finally make into a keychain when done with it. With the GB shares you are buying a share in a MUCH larger machine, so you get a lot more GH/s for your money. But you don't "control" it. You don't control the pool, You don't control what it mines or anything else. You also don't have it to worry about keeping it running, cooling it, paying for electricity etc. Its a hands off option where you pay upfront and collect your monies on scheduled payouts (currently twice a month) The Co-op also votes on most things such as what pool to mine, when/if to sell and re-coup some costs on the hardware etc. So you do have a voice (1 vote per share) just not 100% control as you would if you had the physical item in your hands/home. I MUCH prefer these GBs as I can get much more GH/s per $ |
When I was younger we didn't have behavioural disorders. They called it "being a brat". It was as simple as that!
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floatyfish
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November 06, 2013, 03:14:42 AM |
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Full amount sent for Order #517. Looking forward to Friday hashing!
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If you feel like donating: 1NtgJf4znCsA5GJDCbqtowHL2143WyqLkC
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ThinkFast
Member
Offline
Activity: 69
Merit: 10
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November 06, 2013, 03:23:54 AM |
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Ok. Thanks. I was just trying to cover the bases. I just tried to go to www.cashintocoins.com and got a message saying: This Connection is Untrusted You have asked Firefox to connect securely to www.cashintocoins.com, but we can't confirm that your connection is secure. Normally, when you try to connect securely, sites will present trusted identification to prove that you are going to the right place. However, this site's identity can't be verified. What Should I Do? If you usually connect to this site without problems, this error could mean that someone is trying to impersonate the site, and you shouldn't continue. www.cashintocoins.com uses an invalid security certificate. The certificate is only valid for *.nfshost.com (Error code: ssl_error_bad_cert_domain) Can anyone confirm this? |
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thomas_s
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November 06, 2013, 03:35:59 AM |
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Ok. Thanks. I was just trying to cover the bases. I just tried to go to www.cashintocoins.com and got a message saying: This Connection is Untrusted You have asked Firefox to connect securely to www.cashintocoins.com, but we can't confirm that your connection is secure. Normally, when you try to connect securely, sites will present trusted identification to prove that you are going to the right place. However, this site's identity can't be verified. What Should I Do? If you usually connect to this site without problems, this error could mean that someone is trying to impersonate the site, and you shouldn't continue. www.cashintocoins.com uses an invalid security certificate. The certificate is only valid for *.nfshost.com (Error code: ssl_error_bad_cert_domain) Can anyone confirm this? Hmm it gave problems at first, then I googled it and it came up ok https://cashintocoins.com/index.php |
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stex2009
Legendary
Offline
Activity: 1134
Merit: 1000
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November 06, 2013, 03:36:50 AM |
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Ok. Thanks. I was just trying to cover the bases. I just tried to go to www.cashintocoins.com and got a message saying: This Connection is Untrusted You have asked Firefox to connect securely to www.cashintocoins.com, but we can't confirm that your connection is secure. Normally, when you try to connect securely, sites will present trusted identification to prove that you are going to the right place. However, this site's identity can't be verified. What Should I Do? If you usually connect to this site without problems, this error could mean that someone is trying to impersonate the site, and you shouldn't continue. www.cashintocoins.com uses an invalid security certificate. The certificate is only valid for *.nfshost.com (Error code: ssl_error_bad_cert_domain) Can anyone confirm this? Same here. |
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stex2009
Legendary
Offline
Activity: 1134
Merit: 1000
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November 06, 2013, 03:54:03 AM |
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You guys don't need our real name and address, right? I first thought I was paying by Paypal/ bank/ credit card as it said USD. Since it's all BTC, I am assuming it doesn't matter where we live and which we are!
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thomas_s
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November 06, 2013, 03:57:09 AM |
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You guys don't need our real name and address, right? I first thought I was paying by Paypal/ bank/ credit card as it said USD. Since it's all BTC, I am assuming it doesn't matter where we live and which we are!
Fake is fine. |
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jawnzer
Newbie
Offline
Activity: 28
Merit: 0
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November 06, 2013, 03:59:28 AM |
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Damn, need to get some coins. Have them all tied up, thinking I was able to do paypal for this round!
Doubtful there will be any left by Friday.
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ThinkFast
Member
Offline
Activity: 69
Merit: 10
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November 06, 2013, 04:03:10 AM |
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Ok. Thanks. I was just trying to cover the bases. I just tried to go to www.cashintocoins.com and got a message saying: This Connection is Untrusted You have asked Firefox to connect securely to www.cashintocoins.com, but we can't confirm that your connection is secure. Normally, when you try to connect securely, sites will present trusted identification to prove that you are going to the right place. However, this site's identity can't be verified. What Should I Do? If you usually connect to this site without problems, this error could mean that someone is trying to impersonate the site, and you shouldn't continue. www.cashintocoins.com uses an invalid security certificate. The certificate is only valid for *.nfshost.com (Error code: ssl_error_bad_cert_domain) Can anyone confirm this? Hmm it gave problems at first, then I googled it and it came up ok https://cashintocoins.com/index.phpOk. That worked. Thanks! |
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Bigdaddyaz
Member
Offline
Activity: 76
Merit: 10
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November 06, 2013, 04:06:42 AM |
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Just paid for order #526
TX: 258118cfbd63f040023f32c9c0bc6d0cb3076f5507531d1b0026c55e6b08e47a
Payout address: 1F4DqsH5tJk5ottqFFjJLWonttMntgXrq7
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ThinkFast
Member
Offline
Activity: 69
Merit: 10
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November 06, 2013, 04:40:49 AM |
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We also price our shares in USD so you don't get screwed over by BTC volatility. So I need to deposit $113 + 3% to www.cashintocoins.com and transfer the resulting bitcoins (varies) to dzminercoop. The exact amount in Bitcoins (exchange rate) is unimportant. Right? |
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