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Question: Would you be interested in this?  (Voting closed: November 24, 2013, 04:39:06 PM)
Yes! - 6 (75%)
No! - 2 (25%)
Total Voters: 8

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Author Topic: [VOTE - GROUP BUY] Altcoin mining  (Read 1761 times)
Jilixi
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November 21, 2013, 04:39:06 PM
 #1

Mods move this if its in the wrong location Smiley

Hi so I have been scouting these forums for a while now and come to the obvious conclusion that Bitcoin mining is way to expensive right now it will take a while before technology catches up. So I moved onto checking all the altcoins and me myself believe that it might be something to invest in for the long haul. Therefore I am wanted to check how many people would be interested in this, I have found a person selling unopened rigs and thought that it might be the best alternative to start with.

There are 4 of these kits for sale:

(Specs of 1 kit)

- x1 CPU INTEL Pentium Dual Core G2020 - 2.9 GHz
- x1 Memory CRUCIAL DDR3 PC3-14900 - 2 x 4 Go (8Go)
- x1 Motherboard MSI Z77A-GD65
- x1 PSU Lepa G1600-MA-EU Gold
- x6 GPU Gigabyte R795WF3-3GD HD7950 3GB
- x6 PCIe Powered risers 1x-16x
- x1 USB DONGLE USB 3.0 CORSAIR - Flash Voyager Slider - 8Go - CMFSL3-8GB

They are supposed to make between 3,8 - 4 Mh/s
Total 15.2 - 16 MH/s

NOT MY PICTURES





They are all located in Paris (France) so I could have them in Sweden within a week.

The guy wants 2200€ / Kit so 8800€ for all 4 rigs and since I dont have that kind of money myself I though of making a group buy of it and share all the coins equally within the group.

So I thought of dividing this up into 50 shares / kit and each shares makes you eligible for 1/50 of the total mined altcoin from that machine until the machine breaks or its no longer profitable

That makes a total of 200 shares and I wont have any restriction on how many you buy, its a first come, first served basis. Shares can later on be sold to me, other people or to other group members

1 share would in this case cost 59$

Payout of coins would be every week after deduction of electricity cost.

It would all be stored in a outside temperature storage unit with 24/7/365 surrveilance over webcam, forum for group members to be able to chat on, weekly emails about progress and more.

So this is not to bring in any money just yet, I am just out to check if this would be of any interest to anyone.

if you have questions PM me or send me an email kevin.krajewski@hotmail.com




Owner of BlackCoin Store - BlackCoin Store
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Jilixi
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November 21, 2013, 05:07:44 PM
 #2

Any relevant info or comments on the idea are welcome Smiley

Group would agree on what coin that would be mined

Owner of BlackCoin Store - BlackCoin Store
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sooraw
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November 21, 2013, 05:10:06 PM
 #3

I would want to join but very hesitant since you are a new user.

From where do you want to buy the rigs?
Jilixi
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November 21, 2013, 05:18:59 PM
 #4

I would want to join but very hesitant since you are a new user.

From where do you want to buy the rigs?

I know that this would come up, but where should I turn to as a new member?, I cant be slacking the forums for months before I get a reputation up, the difficulty doesnt wait for that :/

The rigs are sold by a private guy in Paris (France) and that is where I will be buying them from, he has agreed to escrow.

I dunno how to convince people I am a reliable person, I have been looking into this mining business for a couple of weeks and I believe the rigs I found are worth it, I might be totally off on that. Therefore the Pool.

You have to start somewhere right?

Owner of BlackCoin Store - BlackCoin Store
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BTC: 161EcdmbgmxpZMk2ssZCjGQqB6gypduu97
nachius
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November 21, 2013, 05:52:56 PM
 #5

You're not going to convince people without earning it some will believe you some won't until it's proven.

Escrow and transparency is a good way to start, don't disappear when people ask hard questions or question you as well, respond.

For the record I saw this a week or so ago on a litecoin forum so the hardware for sale is legit accepting escrow?  As far as the OP here only time will tell!

https://forum.litecoin.net/index.php/topic,6900.0.html
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