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thomas_s
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November 06, 2013, 04:44:46 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? Cashintocoins is a site like coinbase however you pay in cash, you deposit USD into their bank account and they send you coins, here is their how to guide https://cashintocoins.com/pages/how.php |
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ThinkFast
Member
 Offline
Activity: 69
Merit: 10
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November 06, 2013, 05:17:24 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? Cashintocoins is a site like coinbase however you pay in cash, you deposit USD into their bank account and they send you coins, here is their how to guide https://cashintocoins.com/pages/how.phpUnderstood. I'm just trying to verify that if I give them $113 + 3%($3.39) = $116.39 and they send me the resulting bitcoins / bitcoinaverage.com, then that is all I need to send to satisfy my share price. I guess I'm over analyzing the effect of the exchange rate in the transaction. |
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philipma1957
Legendary
Offline
Activity: 4102
Merit: 7764
'The right to privacy matters'
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November 06, 2013, 05:25:30 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? Cashintocoins is a site like coinbase however you pay in cash, you deposit USD into their bank account and they send you coins, here is their how to guide https://cashintocoins.com/pages/how.phpUnderstood. I'm just trying to verify that if I give them $113 + 3%($3.39) = $116.39 and they send me the resulting bitcoins / bitcoinaverage.com, then that is all I need to send to satisfy my share price. I guess I'm over analyzing the effect of the exchange rate in the transaction. yes you are and you may as well buy a little more 120 worth to be sure. less aggravation to be .01 btc over rather then .01 btc short. just keep the left over in the btc address that the share will pay to. when you place the order from dz's coop you get an email with a btc number around .47 btc it stays locked for around an hour or so. then order the coins fronm the coin changing company |
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thomas_s
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November 06, 2013, 05:26:47 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? Cashintocoins is a site like coinbase however you pay in cash, you deposit USD into their bank account and they send you coins, here is their how to guide https://cashintocoins.com/pages/how.phpUnderstood. I'm just trying to verify that if I give them $113 + 3%($3.39) = $116.39 and they send me the resulting bitcoins / bitcoinaverage.com, then that is all I need to send to satisfy my share price. I guess I'm over analyzing the effect of the exchange rate in the transaction. We are two separate entities, what the site requests is what we need to satisfy your order. As we don't sell BTC you would need to contact a company to do this, we listed one that we feel is reliable for cash to BTC. |
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tripppn
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November 06, 2013, 05:32:35 AM |
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Reserve 1 share. I'll pay up tomorrow. Is it $113 or $123?
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“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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thomas_s
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November 06, 2013, 05:38:55 AM |
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Reserve 1 share. I'll pay up tomorrow. Is it $113 or $123?
R13 is $113 in equivalent in BTC |
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Vagnavs
Legendary
Offline
Activity: 1121
Merit: 1003
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November 06, 2013, 05:55:33 AM |
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even at these reduced rates, will these units actually give ROI?
Regards,
Brian
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Avalanche is a must own
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tripppn
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November 06, 2013, 05:57:24 AM |
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Went ahead and just payed up via the website and notice R14!!!!!! I want a piece of that bad boy!!! When does that one open up???
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“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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thomas_s
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November 06, 2013, 06:00:26 AM |
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Went ahead and just payed up via the website and notice R14!!!!!! I want a piece of that bad boy!!! When does that one open up???
R14 is being refunded, if it reopens it will be after legal issues are sorted out. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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November 06, 2013, 06:05:37 AM |
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even at these reduced rates, will these units actually give ROI?
Regards,
Brian
If btc keeps rising like it has been then yes. If it stays the same it's hard to tell, but I'll lean on no. It depends on difficultly. If we enter another crash then no |
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tripppn
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November 06, 2013, 06:09:26 AM |
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Went ahead and just payed up via the website and notice R14!!!!!! I want a piece of that bad boy!!! When does that one open up???
R14 is being refunded, if it reopens it will be after legal issues are sorted out. BUMMER! |
“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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stex2009
Legendary
Offline
Activity: 1134
Merit: 1000
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November 06, 2013, 06:32:13 AM |
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even at these reduced rates, will these units actually give ROI?
Regards,
Brian
What makes you think it won't! I know it's just speculation, but, if everything stays normal, which assumes BTC stays here or higher, DIFF goes higher at similar rate, then, yes it will give ROI, that too, easily. |
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thomas_s
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November 06, 2013, 07:03:40 AM |
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even at these reduced rates, will these units actually give ROI?
Regards,
Brian
If btc keeps rising like it has been then yes. If it stays the same it's hard to tell, but I'll lean on no. It depends on difficultly. If we enter another crash then no We price the units in USD so you are paying the BTC equivalent of that USD. We aren't guaranteeing that you will get your ROI but take a look at R5/6 they are almost 50% to making back investment from a BTC perspective and if you cash out all the BTC earned up till this point you are 10% away from looking at the value of USD you invested. And those units have only been hashing for going on their first month (full month hits next week if I'm not mistaken) R13 if it wasn't posted should be up and fully operational later this week. |
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mrm0
Member
Offline
Activity: 89
Merit: 10
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November 06, 2013, 01:27:20 PM |
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even at these reduced rates, will these units actually give ROI?
Regards,
Brian
What makes you think it won't! I know it's just speculation, but, if everything stays normal, which assumes BTC stays here or higher, DIFF goes higher at similar rate, then, yes it will give ROI, that too, easily. What calculation method are you using? And please define 'easily'  My calc: http://mining.thegenesisblock.com/a/0965f277be shows, that yes, positive ROI is possible. |
1BUcKJVz5n34VwuiyiLtPud1PGn3BLkcPb :-)
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madpoet
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November 06, 2013, 02:50:01 PM |
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With the problems still in R9-R12 hash rates, how confident are you that you will be able to have these up and running Friday?
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thomas_s
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November 06, 2013, 05:47:21 PM |
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With the problems still in R9-R12 hash rates, how confident are you that you will be able to have these up and running Friday?
Very right now the set up is being done very awkwardly to get them online, a shipment of replacement parts that will arrive before Friday will allow the units to function much better. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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November 06, 2013, 05:51:30 PM |
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even at these reduced rates, will these units actually give ROI?
Regards,
Brian
If btc keeps rising like it has been then yes. If it stays the same it's hard to tell, but I'll lean on no. It depends on difficultly. If we enter another crash then no We price the units in USD so you are paying the BTC equivalent of that USD. We aren't guaranteeing that you will get your ROI but take a look at R5/6 they are almost 50% to making back investment from a BTC perspective and if you cash out all the BTC earned up till this point you are 10% away from looking at the value of USD you invested. And those units have only been hashing for going on their first month (full month hits next week if I'm not mistaken) R13 if it wasn't posted should be up and fully operational later this week. 50% is good so far. I'm very cautious now when looking at these group buys. I lost my ass bad on a few knc jupiter group buys. I had purchased 4 shares for a total of 6.2 BTC and at most I will get back maybe 2.7 if I am lucky. These black arrow runs are by far the most appealing. |
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nicksmith
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November 06, 2013, 06:03:22 PM |
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With the problems still in R9-R12 hash rates, how confident are you that you will be able to have these up and running Friday?
Very right now the set up is being done very awkwardly to get them online, a shipment of replacement parts that will arrive before Friday will allow the units to function much better. I feel out of the loop on issues with the round I am on, should I be looking somewhere else for updates? |
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floatyfish
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November 06, 2013, 06:40:21 PM |
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Hey guys,
For those of use whose orders are marked "processing", is there a timeframe for them to become confirmed?
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If you feel like donating: 1NtgJf4znCsA5GJDCbqtowHL2143WyqLkC
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bobsag3
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November 06, 2013, 07:27:03 PM |
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With the problems still in R9-R12 hash rates, how confident are you that you will be able to have these up and running Friday?
Very right now the set up is being done very awkwardly to get them online, a shipment of replacement parts that will arrive before Friday will allow the units to function much better. I feel out of the loop on issues with the round I am on, should I be looking somewhere else for updates? We try to keep the indivudual threads updated, but as soon as R13 is full and we are hashing at 100% across all 5, I think we will merge into a new thread. Also, Im waiting to calculate the reimbursement that R9-12 will receive for the loss in hash this past week. |
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