[Closed]R17x: Black Arrow Prospero X-3 <DZMC Exclusive> $130 / 40GHS

[glongsword]

I'm really excited about the coop, and am already participating in GB R9 and R10.  I was ecstatic to see R9-12 are gonna make ROI in a few hours (in USD) despite being less than a month in, but am hesitant to buy shares in this particular group buy, since I have doubts about whether the X-3 will actually ship.

The company that makes it only has CAD renderings of the miner on their website, and a huge red flag is that they only accept wires or BTC for payment.  Do you guys have a contingency plan for if they run off with your money, and don't actually ship a product?  They're located in China, where I don't get the impression that consumer protection is any good.

Also, looking at their renderings it looks like the case is packed TIGHT.  I couldn't imagine stuffing 2 TH/s worth of chips in a tiny box like that with standard air cooling and not expecting it to melt.  What is your guys' opinion on this?

We can't go into details but yes we have a contingency plan, they are also the ones responsible for assembly of the 9-12 units, which was a test run of their assembly / boards.

Their minion chips operate at 100gh/s, the R9-12 boards hold 16 chips and aren't much bigger than your hand (it takes 20 chips to make the x-3)

Ah yeah, that's where I remember hearing about them other than the Prospero series!

Thanks for your amazingly swift reply!

[1714749073]

1714749073

[1714749073]

1714749073

[1714749073]

1714749073

[1714749073]

1714749073

[Budtrader]

Order #786  14d9759e652a849f04f2e8d59e74eacc067f5d469690fbba7fe728fc50b6c86a-000

Thanks.

[Aureum_Coffee]

Transaction ID: a10a3814861d8d89246759668f1d0cb33ffcebcf5e8b14b703e2851dc81f14d3
2 shares
Order #787

[glongsword]

Order 788 paid 7c801ef69e02468f9bee60fb35fe4928c3059ade81038d0d4b99380c8db1e600

[Wopin]

Hi!!

I buy 1 more share. 5 Overall.

transaction : 5a87199f0e35bfe122378c38c4ec92f9712d60f830aec110dff20e982be434ad

order number: 790

[Vanderi]

Hi, I have 10 shares in the R12 and like how the ops roll. Small request to anyone really: If I were to buy say 50 shares in this R17, how will the genesis block calculations look? Could someone give me a corrected calc please, as opposed to this.
It estimates a 130% monthly diff rise, mining start in 03/14, btc@900US$/coin, 5% expenses. The returns turn over to red.

http://mining.thegenesisblock.com/a/5fcbb20c59

What is the most prominent assumption of the mining landscape at that time?


Thanks

*edit, what calcs are the ops using? Someone like Good Guy Bob or Thomas, for instance.

[Schwede65]

5 shares - Order: #673

another 5 shares - paid Order: #791
trans-id aaed6f728d71536ddfa427e2e731ededa1c825eb48d64ede35c5febf95191689
thanks

[papaminer]

are all shares sold out?

[madpoet]

Round 17 can't sell out

[Ramhound]

R17
2 shares = paid #806 November 23, 2013
hash/transaction-id: d94cb700c511405c3acb84f9f50c5040b6459cc7da0d2a2da9011dff95ebaf4f

Looking forward to the email address to assign my payout address.  I originally made a mistake and had this post over on the R18/R18B thread.  I only realized after a few minutes that I actually bought R17 shares.

[vulgartrendkill]

just a quick question, I added my payout address to the notes box when ordering.  Hope this is ok

Thanks

[Vanderi]

Hi, I have 10 shares in the R12 and like how the ops roll. Small request to anyone really: If I were to buy say 50 shares in this R17, how will the genesis block calculations look? Could someone give me a corrected calc please, as opposed to this.
It estimates a 130% monthly diff rise, mining start in 03/14, btc@900US$/coin, 5% expenses. The returns turn over to red.

http://mining.thegenesisblock.com/a/5fcbb20c59

What is the most prominent assumption of the mining landscape at that time?


Thanks

*edit, what calcs are the ops using? Someone like Good Guy Bob or Thomas, for instance.

Bump. If noone wants to answer I'd be very interested in knowing why.

[mdude77]

Hi, I have 10 shares in the R12 and like how the ops roll. Small request to anyone really: If I were to buy say 50 shares in this R17, how will the genesis block calculations look? Could someone give me a corrected calc please, as opposed to this.
It estimates a 130% monthly diff rise, mining start in 03/14, btc@900US$/coin, 5% expenses. The returns turn over to red.

http://mining.thegenesisblock.com/a/5fcbb20c59

What is the most prominent assumption of the mining landscape at that time?


Thanks

*edit, what calcs are the ops using? Someone like Good Guy Bob or Thomas, for instance.

Bump. If noone wants to answer I'd be very interested in knowing why.

It's very difficult, if not impossible, to predict what difficulty and BTC value will be that far in advance.  If the predictions on this URL prove to be true, then you would never break even.  It is, however, a prediction, nothing more.  Could be true, could be false.

M

[Schwede65]

Hi, I have 10 shares in the R12 and like how the ops roll. Small request to anyone really: If I were to buy say 50 shares in this R17, how will the genesis block calculations look? Could someone give me a corrected calc please, as opposed to this.
It estimates a 130% monthly diff rise, mining start in 03/14, btc@900US$/coin, 5% expenses. The returns turn over to red.

http://mining.thegenesisblock.com/a/5fcbb20c59

What is the most prominent assumption of the mining landscape at that time?


Thanks

*edit, what calcs are the ops using? Someone like Good Guy Bob or Thomas, for instance.

it's looking at the crystal ball to know the - nearly - exact numbers in 2014-03

but the difficulty-rise of monthly 130 % is in my opinion 230 %
-> diff 2014-04/diff 2014-03
-> 38383/16761 = 2.29 (~230 %)
this monthly 230-%-diff-rise seems a bit too high for the estimates of diff - but who does it really know

so the profitable mining-future depends on the buyable capacity of asic-rigs, the rig-price in USD, the mining-diff and the BTC/USD-rate

the problem now is, we are at the end of 2013-11 - the asic-rigs are rare - BTC/USD-rate in near all-time-high

you have to take the investment-decision, do it or leave it

[Vanderi]

Hi, I have 10 shares in the R12 and like how the ops roll. Small request to anyone really: If I were to buy say 50 shares in this R17, how will the genesis block calculations look? Could someone give me a corrected calc please, as opposed to this.
It estimates a 130% monthly diff rise, mining start in 03/14, btc@900US$/coin, 5% expenses. The returns turn over to red.

http://mining.thegenesisblock.com/a/5fcbb20c59

What is the most prominent assumption of the mining landscape at that time?


Thanks

*edit, what calcs are the ops using? Someone like Good Guy Bob or Thomas, for instance.

it's looking at the crystal ball to know the - nearly - exact numbers in 2014-03

but the difficulty-rise of monthly 130 % is in my opinion 230 %
-> diff 2014-04/diff 2014-03
-> 38383/16761 = 2.29 (~230 %)
this monthly 230-%-diff-rise seems a bit too high for the estimates of diff - but who does it really know

so the profitable mining-future depends on the buyable capacity of asic-rigs, the rig-price in USD, the mining-diff and the BTC/USD-rate

the problem now is, we are at the end of 2013-11 - the asic-rigs are rare - BTC/USD-rate in near all-time-high

you have to take the investment-decision, do it or leave it

Hey thanks. Appreciated. Nice to get your own guesstimates confirmed once in a while, especially if you're considering a US$5k investment decision.

[ibuyltc]

Thomas, Thank you for your prompt reply.  I do have a follow up question that I have PM'd you about.

[stevenf]

R17
1 share = paid #821 November 24, 2013
transaction-id  7822ece7b23b70efc8aab722fbdd2494502d914e7a67e1c145a09298be078709

[DyslexicZombei]

Welcome aboard to new co-op members, and welcome back to our co-op vets!

==

Update: New pics from Black Arrow!

These are *not* Prosperos with Minion chips and these are *not* the co-op's rigs being tested. I'm just sharing with you pictures of their testing facility, as these same facilities will be used for the Prospero x-3 launch:

http://ecointalk.net/gallery/image/71-20131123-215037/

[snerrad]

ORDER: #828
1 Share
Trans: a78369374dc68898ef005d3156e4184dddd7bca585b72d973ef4a25983cb4b49

[breel]

It's very difficult, if not impossible, to predict what difficulty and BTC value will be that far in advance.  If the predictions on this URL prove to be true, then you would never break even.  It is, however, a prediction, nothing more.  Could be true, could be false.

M

But that link does not account for the money we would get back for selling the rig after some time...
As I assume we will only keep the rig during 6 months or so.

So if we manage to break even or more, and then manage to sell, we are good I believe.