A purchasing power group buy

[corather]

Purchasing Power Group Buy | 696/1000 shares remaining | 96/100 reserved remaining
0.1 BTC/share: 13Ua5LJExEFwjszdMdRCiFZ33FoYg9v67Q

Current Hashing Power: 210.56058133 GH/s
Current shares held: 208 | ROI Shares: 29 | ROI Queue: 139
Reserve BTC: 4.00000000 | Earned BTC: 2.97725998

I am selling 1000 shares at 0.1 BTC each. This will be invested in the cloud hashing service cex-io to generate revenue. The first 100 shares are on reserve for my group buy, if they don’t buy them all I will add the remaining shares for purchase here.

Phase one: All BTC will be returned on investment which should take 3-4 months give or take. I will begin repayment on a first come first serve basis so early adopters will incur the least amount of risk. I will take no profits during this phase to insure everyone gets ROI as quickly as possible barring any unforeseen issues with cex-io.

Phase two: 80% of BTC generated after ROI will be reinvested in group buys for additional hashing power, the remaining 20% will be reinvested back into cex-io. From this additional hashing power 80% of all BTC generated less GB expenses will be paid based on your share percentage, the remaining 20% will be used for reinvestment purposes for additional group buys and or moving into phase 3 actual mining hardware.

Phase three: Mining hardware will be purchased, professionally managed and hosted. 80% of all BTC generated less hosting expenses will be paid to investors based on share percentage, the remaining 20% will be reinvested back into additional mining hardware.

I will take a 3% management fee of gross during phase 2 and phase 3 which will run concurrently.

If all goes according to plan this will be a great way to increase your cloud hashing power with minimal risk as cex is already hashing and we’re not relying on untested companies in the initial phase. Yeah you can invest with cex-io individually, but with a group investment we acquire purchasing power. edit* Once this program is fully funded I will not sell anymore shares and I will not create a new program.

Who am I?

Well I’m fairly new to the forum. I started a small KnC group buy on eBay and have been running all aspects of it’s operation so I am familiar with the technology. I have also invested a little BTC into a couple of DZ’s group buys, so I have some roots in the community. I have a perfect eBay rating as well and I bet my reputation on the success of this program.

My humble creds:
KnC Group Buy Operation: http://w11.zetaboards.com/Bills_Crypto_Mining/index/
eBay Page: http://www.ebay.com/usr/billsfinegoods

Code:

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[tripppn]

I just want to put in a good word for corather.  I'm in his ebay group buy which has gone incredibly smoothly so far.  He created a private forum for everyone in the small group to chat and throw ideas around making it easy for decisions to be made in a democratic way.  Our little miner has been hashing away for a little over a month now and I've received 3 payouts so far.  He keeps his spreadsheets in order and everything is transparent with the pools and wallets involved.

He truly has done an amazing job so far.

[albon]

Just to put my 2 bits in 50% reinvestment seems better

[madpoet]

When would the purchase be done?  As you accumulate shares or once you have all shares sold?

Thanks,
Paul

[corather]

Just to put my 2 bits in 50% reinvestment seems better

I wanted to get an initial framework out before my brain imploded. I tweak things constantly, so it's quite possible the ratio will change. As tripppn mentioned I try and keep things as democratic as possible, and team input has saved me from doing several stupid things.

I got very lucky with the people who chose to invest with me initially. All of them have been professional and quite level headed.

[corather]

When would the purchase be done?  As you accumulate shares or once you have all shares sold?

Thanks,
Paul

cex-io GHS is being purchased on the fly. I would like to start reinvesting in group buys/hardware while shares are being accumulated but only after some shares have gone through the ROI process as to only use income generated from cex-io itself from those already ROI paid shares.

[madpoet]

Ok so you are paying current cex-io prices then?  Just making sure I understand the whole flow.  Also when you say ROI are you talking BTC or USD?

Thanks again!  Very interested.

[corather]

Ok so you are paying current cex-io prices then?  Just making sure I understand the whole flow.  Also when you say ROI are you talking BTC or USD?

Thanks again!  Very interested.

Are you asking me if I'm buying cex-io at market? I will buy at market unless I see its on a drop and I'll try and get in on a lower price. Your initial investment will be repaid in BTC. I can't do USD.

[madpoet]

Thats fine just making sure I understand all the particulars.

[corather]

Thats fine just making sure I understand all the particulars.

Right on. I take things too literally sometimes.