I think this is something you should be capable of proposing, not asking for you to be told. You should know this, as a smart coordinator. Unless you're looking for some answers which you already have in mind, but don't want to say out loud yourself.
Also, sell shares in dollar prices.
Again, my 0.02btc
Credit were credit is due. You are a very astute individual (I knew I liked you for some reason.
)
Now to explain, I know what I want to say (or rather offer) and I have attempted too. My purpose is to understand better how to best present this idea as well as to gauge its support. Perhaps the point of the 'perpetual group buy' was lost in the heavy thatch of the rest of my persistent diatribe.
My reasoning behind this is that my assessment of the future of bitcoin mining is a rather bleak one for the small time miner (actually, for any sized 'mining farm' besides a handful of 'mega mining farms.') The necessity of constantly increasing ones hash rate to continue profiting from bitcoin mining has also resulted in the necessity for larger lump sums of cash to purchase the mining equipment, even though the cost per hash rate continues to decline.
The push for the 'holy grail' of miners has resulted in faster and more efficient 'miningware' (<< new term, lets adopt it
) but most of this equipment is too costly for the majority of individuals (at least in the sense of keeping up with the ∆difficulty level) hence the need for the group buy. I believe that the next two or three waves of new miningware will push the cost of said equipment up so high as to be out of range of even today's GBs ability to raise funds to purchase them.
The group buy was formed to solve the problem of the high cost of new mining equipment when the cost became prohibitive for the majority, but the current GB model is becoming less viable and will become just as obsolete as the model of individuals building GPU and FPGA clusters at home. What we need now is something akin to pooled mining. Just as we rely on the pool managers to keep everything going smoothly, we need to begin relying on miningware purchaser/operators to manage our profit potentials. Doing this will lead to a more efficient model for buying miningware and increasing bitcoin mining profits.
We must, and I mean MUST, come to terms with this new paradigm and create such a system. I know many are working on different aspects of this concept but it is time to pull these diverse efforts together into one cohesive and more effective mechanism (although, we need to continue to view this an open-source like effort.)
This is a large part of why I began this venture. I am a 'true believer' of what bitcoin stands for (or at least what it has come to represent.) Because bitcoin (as an icon) means a great deal to me, I have been troubled by the direction that the bitcoin dynamic has been taking. The decentralized nature of bitcoin is at odds with the trend towards centralized mining. I perceive a danger in this trend as it makes large mining farms vulnerable to the trappings of large corporations (greed, political pressures, usurpation and a host of other nasty consequences.) The best way to prevent these negative predictions is to inspire a greater community effort, based on cooperation for mutual return, to steer this behemoth back onto its intended course. Essentially...
We, As Members (Dare I Say The Progenitors) Of The Bitcoin Community, Must Show Care And Concern For One Another And Realize That Doing So Will Benefit Us As Individuals Just As It Benefits The Group.
Otherwise... we may endure a kind of bitcoin 'dark age' were the promise of bitcoin has been usurped by the self interest that naturally forms from large industry....
I think that I have reached the limit of my allowed time on the soapbox... at least for now....
As stated in regards to Vanderi, I also will give credit were credit is due in regards to thoma_s, you indeed did offer advice (of which I am much appreciative.) And I don't really mind so much about the discourse between thoma_s, [bobsag3] and bitterdog (who also deserves credit for his stance in regards to fairness,) so long as the point of the OP is not a casualty of war.
@
StefanThePro Looking forward to your contribution!
I have noticed the viewed count is growing but there is a limited exchange of ideas, if your reading this and think that you have a good idea, please contribute to the discussion,
Thanks!
James
