Group Buy [ TerraMinerIV ] - [ 2TH/s] - 1950 shares avaible [$2.9usd a share]

[goggles1200]

Will there be an email list or group that we will be apart of that way we can get notifications on payout for the week, any changes, or to relay messages between everyone?

[JTrain_51]

I'll be creating a Skype chat and a email list so all shareholders can be updated

[highwave]

Ive have access to the earliest pre-order
Which will be shipped around the month of march

I have pre-ordered tons of these shares in a butterfly labs operation which is 10 dollars a gh/s so Ill be using those that release in january to cover all share holders till the actual miner comes out.


In short : Share holders will get there 1gh/s per share in january using my own resources then we will be rotating to the miner and of my resources!

Let's see if I understand you correctly:

you said you bought enough shares on BFL to cover all share holders - that would mean you spent at least $19,500 (1950 shares x $10 per GH) on 1.95TH of cloud mining @ BFL.

Now, assuming a TerraMiner IV costs around $6000 - wouldn't it have been wiser to buy 3 TerraMiners (6TH) for that money ?

Am I missing something here ?

[cannachris]

^^^^
What he asked.

I do appreciate your efforts though 

[JTrain_51]

Ive have access to the earliest pre-order
Which will be shipped around the month of march

I have pre-ordered tons of these shares in a butterfly labs operation which is 10 dollars a gh/s so Ill be using those that release in january to cover all share holders till the actual miner comes out.


In short : Share holders will get there 1gh/s per share in january using my own resources then we will be rotating to the miner and of my resources!

Let's see if I understand you correctly:

you said you bought enough shares on BFL to cover all share holders - that would mean you spent at least $19,500 (1950 shares x $10 per GH) on 1.95TH of cloud mining @ BFL.

Now, assuming a TerraMiner IV costs around $6000 - wouldn't it have been wiser to buy 3 TerraMiners (6TH) for that money ?

Am I missing something here ?

The bfl shares are just to give the shareholders some feed back and I spent 4k on them so  I won't have 2 terrahashes

[highwave]

Ive have access to the earliest pre-order
Which will be shipped around the month of march

I have pre-ordered tons of these shares in a butterfly labs operation which is 10 dollars a gh/s so Ill be using those that release in january to cover all share holders till the actual miner comes out.


In short : Share holders will get there 1gh/s per share in january using my own resources then we will be rotating to the miner and of my resources!

Let's see if I understand you correctly:

you said you bought enough shares on BFL to cover all share holders - that would mean you spent at least $19,500 (1950 shares x $10 per GH) on 1.95TH of cloud mining @ BFL.

Now, assuming a TerraMiner IV costs around $6000 - wouldn't it have been wiser to buy 3 TerraMiners (6TH) for that money ?

Am I missing something here ?

The bfl shares are just to give the shareholders some feed back and I spent 4k on them so  I won't have 2 terrahashes

ok, quick calculation again:

you spent 4k on shares @ BFL - that means you have 400 x 1GH shares covered.

now, let's add all the shares already purchased by the forum members:

nhminer - 100 shares ( 100 more are reserved )
Tragter - 50 shares
dgirard - 100 shares
7bp - 200 shares

so 100+50+100+200 = 450 shares. that means you're still missing 50 backup shares and that's not including the 550 shares on reserve and further share purchases by forum members!

quoting you: "Share holders will get there 1gh/s per share in january using my own resources" - highly unlikely IMO...

I'm starting to get a bad feeling about this group buy...

[nhminer]

JTrain ... can you give us an update on the Share count?

TIA

[cannachris]

Ive have access to the earliest pre-order
Which will be shipped around the month of march

I have pre-ordered tons of these shares in a butterfly labs operation which is 10 dollars a gh/s so Ill be using those that release in january to cover all share holders till the actual miner comes out.


In short : Share holders will get there 1gh/s per share in january using my own resources then we will be rotating to the miner and of my resources!

Let's see if I understand you correctly:

you said you bought enough shares on BFL to cover all share holders - that would mean you spent at least $19,500 (1950 shares x $10 per GH) on 1.95TH of cloud mining @ BFL.

Now, assuming a TerraMiner IV costs around $6000 - wouldn't it have been wiser to buy 3 TerraMiners (6TH) for that money ?

Am I missing something here ?

The bfl shares are just to give the shareholders some feed back and I spent 4k on them so  I won't have 2 terrahashes

ok, quick calculation again:

you spent 4k on shares @ BFL - that means you have 400 x 1GH shares covered.

now, let's add all the shares already purchased by the forum members:

nhminer - 100 shares ( 100 more are reserved )
Tragter - 50 shares
dgirard - 100 shares
7bp - 200 shares

so 100+50+100+200 = 450 shares. that means you're still missing 50 backup shares and that's not including the 550 shares on reserve and further share purchases by forum members!

quoting you: "Share holders will get there 1gh/s per share in january using my own resources" - highly unlikely IMO...

I'm starting to get a bad feeling about this group buy...

Am I missing something here?

[cobeyana]

before I pay my 500 shares, can you reply to the remarks above.
How many gh/s do you have for januari?

[highwave]

His silence says it all...

[gavgav]

If you can answer the above problems... i would be interested in buying some shares...

[goggles1200]

Just release my reserved shares. I'm going to pass and save up for a baby jet.

[tarun]

Hi, I have some cash stuck in Paypal, was wondering if you accepted paypal? if so i would like to get 172 shares ~ 500 USD

[JTrain_51]

[UPDATE] :As you can see on the top of the thread I have updated the investment options for all new investors! ( This does not affect and previous investor

For Investors : I was not active on the forum for the past while and that is my fault
I have gotten have the funds needed to get the miner so we have half or 1000 shares left. I just updated the thread so we will have 5 or less people joining the group.

More Info : If we can not get the needed funds to receive the miner I am happy to pay for the remaining shares!

[tempestb]

Can you verify that you got my transaction and PM?  Thanks...

[JTrain_51]

Yes Ill send you a pm right away

[TheWoodser]

Not to be an A$$ hole, but where are you getting $.11 Kwh electricity?

Oddly, I too have a March TerraMiner IV on order from CoinTerra.  (My order number is YF0810, Placed on November 25th)

I have also been thinking of selling shares and I even have a very good friend that owns 3 data centers about 5 hours from my house (Tier2, Tier3+, and a Tier4)
He said I could put the miner there for FREE, I just had to pay for power and cooling he estimated that to be about $.20Kwh.

That would basically get me redundant power and internet.

My problem is credibility (lack of "trust"), the March delivery date, and general "Hassle" of dealing with 1000 people.  I might be interested in selling shares of my machine, but it would be limited to maybe 100-300 total shares.

I think what some of the guys are hinting about is for you to post a copy of your sales invoice you should have received when you placed the order, or at least the "funds confirmation" message you should have got after you sent the wire (or BTC)

Good Luck
Woodser

[Tragter]

Any news from this Groupbuy?

[patriks]

Any updates? Spreadsheet?

[patriks]

Any updates? Was this a scam?