[OPEN] BitMine CoinCraft 1 Th/s- January 3rd week batch-waiting miner

[madao]

minewithmind:
There are 3 ways to go about this, speaking as a person that would love for this GB to be a real thing that is successful.

1) Announce that you oversold by 298 shares, and refund anyone that did not make the official 1000 share cutoff, either now or after hashing has started if you have already spent the funds, by my count that is everyone who sent BTC after the 4th, plus 15 shares from ryaner84 who bought on the 4th. (full disclosure: that would refund me as well)

Or

2) Announce that you oversold by 298 shares and are soliciting volunteers who would like the refund, either now or after hashing starts.
(Thus giving me a chance to stay in the game)

or

3) Change the terms of the Group Buy to give yourself a management fee of some percent, in addition to keeping the 202 shares so the GB stays somewhat profitable for you.

I am pretty certain that no one will move to buy the remaining 202 shares, because no one will trust a stranger on the Internet to operate a miner with no chance of profit for themselves.
Either take the steps necessary to save the GB or announce that there was no miner from the get go and you are very pleased with all the BTC that was sent to you. :/

EDIT: Alternative 1 should not be an offer of a refund, rather a summary refund whether the share buyer wants it or not.

[argakiig]

I did my best to compile a list of sold shares and I tried to put the right names behind the shares.
Total #shares sold: 1228 so it's oversold or people are refunded?

Date                     TXd                                                                                                   BTC   BTC/Share   #shares user   
15-12-2013 7:56    dc39d891991635f2e1dbcf080eb4037f5a5e93b4f05eed3695f5ef94dfd6d56b   0,13   0,0065   20   Qantaqa   
16-12-2013 21:16 b38029756c6d8cefc813e9e95a0c117c9cb6350bf8901f9a0fc8ddace6d19f84   0,35     0,007   50      
17-12-2013 11:52 fc3c1104d9c8453028b629dca070bfa9f307b5554b064e5cbd9a74ecc479b3fb   1,4     0,007   200   martinyin   
17-12-2013 23:32 773aae2755d81034021f5f0d253de1bd74b196467aaf4521a03969e3970784e7   0,035     0,007   5   ramonoakz   
18-12-2013 20:35 bc07f0ed77bbe69115534457356659a7564c38911071c944d1327aa7242bb0a4   0,07     0,007   10      
20-12-2013 12:51 17737d68cbcd5966139059d9a38a74869d80aec38f4bf642656151fd87239b98   0,08     0,008   10      
20-12-2013 14:54 a3f188700cf997d1c88102ab3a1edcc5b9da2afe122ae185a37f9b932a3ebbff   0,08     0,008   10   toobigtofail   
20-12-2013 15:58 ff4edf6f2cd1681be0133b428e07f22238b7ddaa129adb81ab2dc39c16ef2df8   0,7201 0,008   90   #Bit_pOL   
20-12-2013 18:21 42213c6d58f8773a3936f9b3e98fdade442fe68f762be0229e000ad1f982b8e6   0,4     0,008   50   artplay81   
21-12-2013 3:15    ae3bfdd02a07ee4e47f4231e47fdb72e1e55953fd3bccb4ce75bf6dbf88c3ae1   0,48     0,008   60   Bakal   
21-12-2013 4:27    e365709a4d173b38d850c631e3d7d9957eef37902477cbbd481ae411f6aeccd7   0,144     0,008   18      
21-12-2013 12:57 a04d5fed08df5a89f1fbcd7dc93066a883176f39f74d14c6d053c21f0559563a   0,1889 0,009   21?   harper86   
21-12-2013 23:02 cd06a8233215ac20d66a9ae5e4c6460bc15ab947687a9088d33519e31aa8be00   0,018     0,009   2   LDR   
22-12-2013 0:24    8108061fd4b71f484074564002d5e9f15e5f1904e010186245608f1c2ea3cdc7   0,63     0,009   70   achtung082   
22-12-2013 5:10    3bb076eb20153dd276f89be83e59e27ecc887674bb24ecc5aa229a5a3e0b737b   0,063     0,009   7      
23-12-2013 4:28    a222384e27fd91f1284b50561cc65167feebdf3e0384e102b46a3728f6e4fa88   0,027     0,009   3      
27-12-2013 9:43    8f38bd0bdd773a7a7da06540a1a1de43dfa3261a622dbf7c37cabdcf5ffb0dbd   0,198     0,009   22   Hispanico87   
29-12-2013 18:46 b0b6c828fa954f888f729b552acc40693dad9980b528207571c0af16a3710a1d   0,08     0,008   10   ACKman   
31-12-2013 10:21 b5b3f447dabc079324d61d767e12fc448e74e37241fd09bbac6772ead4735c1e   0,16     0,008   20   Tragter   
1-1-2014 4:52    e9c44586f4544b1ac696a960d23b226309a16956ec41222020384005b41240b8   0,27     0,009   30   deangreen   
1-1-2014 4:59    416792c55e34ff82370aebfb021dc8bd1f23db9b6f1e4f77dc37a474b3adc4e8   0,12     0,008   15   davideak   
1-1-2014 7:10    7bb99cc90c0da3ad7258d50d682549ebb3588f122cfabe7c125a5b386bd78b27   0,12     0,008   15   iglasses   
2-1-2014 22:29    d226fafbd1ba4a19bbb8a1487ce05f57e4222df69dff54f1dafd25173c46e824   0,16     0,008   20   Molex1701   
3-1-2014 9:19    a757a05d5526b4737cdac85d7ae8d2b7299f390d96ff34a3feebbc3c7d7cf2e6   0,056     0,008   7   zerodegree79   
3-1-2014 10:46     5a0e56f710730fe0e1938143d051eeac0ce68e5b6bb4514687dfc3ffc2ebbdd9   0,16     0,008   20   Tragter   
3-1-2014 11:24    36cbf96324ebbdc2c81adb450ae6ce53aaa7357e7be09af73a858b711c48849c   0,24     0,008   30   r4square   
4-1-2014 4:44    7cc1b5fdc5324164d9757cbd8968a950265f5477a479ecb8c377492bd9cb34d3   0,48     0,008   60   Ashitank   
4-1-2014 18:39    940ca3c05f3657a3ee9d902a64964ea5e5a7803779ce417d4bc426608a51b3e9   1,12     0,008   140   ryaner84   
5-1-2014 16:59    90492da600f340bebfad56189bbccee4344dc36675cd0349524788b26000ae9c   0,48     0,008   60   madao   
5-1-2014 17:37    ca3b2e3ddc25c80ba4e5fed3e04b4e3dd7a842b9bd02663e2648345e09d2f8f3   0,08     0,008   10   MrPalmer   
6-1-2014 9:37    8d1abea6c6898803c0296eb456ddfc83145a8a6d19189c6fcec447a8a748d8f7   0,24     0,008   30      
6-1-2014 11:43    4884c9ef5fb1f427189a1f609769c9c93330304dbbb5d0b8a514821a464cd17b   0,14     0,007   20   Tragter   
6-1-2014 21:03    64ad4f34a78279313273af2c50ae91fb05efc9c446a34d7f3596be6291790d95   0,42     0,007   60   Markov   
6-1-2014 21:13    c138d56b3e4847235eb5625f4945a77f7c342c90911df2c3e0b499a9e757ed2f   0,035     0,007   5      
7-1-2014 16:30    0764a84701a1dea36eb8fb22c268501109ef9f4bc021cd5935caaeea632c5e6f   0,056     0,007   8   LDR   
7-1-2014 16:37    3b2389470e7cdface13330f1f8468a9cf05f6bf9c061a868129f18ac1d1125a5   0,63     0,007   90      

total BTC             10,061
Total #Shares      1298                  

a222384e27fd91f1284b50561cc65167feebdf3e0384e102b46a3728f6e4fa88 and 3bb076eb20153dd276f89be83e59e27ecc887674bb24ecc5aa229a5a3e0b737b
are both my shares. Feel free to verify this with minewithmind but the lack of communication I have received makes me a little saddened.

[MrPalmer]

So, minewithmind is going to sell 1500 shares instead of the agreed upon 1000, and also keep no shares for himself to even pay expenses.  Is that what's going on here? 

[madao]

I believe there is a broad consensus that such a turn of events would make no sense.
Still waiting on a public response.

[MrPalmer]

Agreed.. Makes NO sense. 

I believe there is a broad consensus that such a turn of events would make no sense.
Still waiting on a public response.

[minewithmind]

Every thing will be ok guyz, please all of un-listed shares holder send me PM. About last 200 shares i decide to sell them, dont worry about, everything it's going to be ok!

[madao]

Every thing will be ok guyz, please all of un-listed shares holder send me PM. About last 200 shares i decide to sell them, dont worry about, everything it's going to be ok!

Please consider my earlier post:

minewithmind:
There are 3 ways to go about this, speaking as a person that would love for this GB to be a real thing that is successful.

1) Announce that you oversold by 298 shares, and refund anyone that did not make the official 1000 share cutoff, either now or after hashing has started if you have already spent the funds, by my count that is everyone who sent BTC after the 4th, plus 15 shares from ryaner84 who bought on the 4th. (full disclosure: that would refund me as well)

Or

2) Announce that you oversold by 298 shares and are soliciting volunteers who would like the refund, either now or after hashing starts.
(Thus giving me a chance to stay in the game)

or

3) Change the terms of the Group Buy to give yourself a management fee of some percent, in addition to keeping the 202 shares so the GB stays somewhat profitable for you.

I am pretty certain that no one will move to buy the remaining 202 shares, because no one will trust a stranger on the Internet to operate a miner with no chance of profit for themselves.
Either take the steps necessary to save the GB or announce that there was no miner from the get go and you are very pleased with all the BTC that was sent to you. :/

If anyone buys those 200 shares at the full price, then they can have my 60 shares for the full amount I payed, 0.48. For anyone else, it's 0.24, and at that price you are doing me a favor.

[LDR]

Every thing will be ok guyz, please all of un-listed shares holder send me PM. About last 200 shares i decide to sell them, dont worry about, everything it's going to be ok!

PM sent.

[minewithmind]

minewithmind:
There are 3 ways to go about this, speaking as a person that would love for this GB to be a real thing that is successful.

1) Announce that you oversold by 298 shares, and refund anyone that did not make the official 1000 share cutoff, either now or after hashing has started if you have already spent the funds, by my count that is everyone who sent BTC after the 4th, plus 15 shares from ryaner84 who bought on the 4th. (full disclosure: that would refund me as well)

Or

2) Announce that you oversold by 298 shares and are soliciting volunteers who would like the refund, either now or after hashing starts.
(Thus giving me a chance to stay in the game)

or

3) Change the terms of the Group Buy to give yourself a management fee of some percent, in addition to keeping the 202 shares so the GB stays somewhat profitable for you.

I am pretty certain that no one will move to buy the remaining 202 shares, because no one will trust a stranger on the Internet to operate a miner with no chance of profit for themselves.
Either take the steps necessary to save the GB or announce that there was no miner from the get go and you are very pleased with all the BTC that was sent to you. :/

EDIT: Alternative 1 should not be an offer of a refund, rather a summary refund whether the share buyer wants it or not.

4) No refound, my profit is 500ghs, of mining or selling them its my choice. I'm making about 3000$ of earn selling my 500ghs.
Electricity will be around 150$/month, about 6 month about 1000$, so 2000$ of earn for me.

[Tragter]

minewithmind:
There are 3 ways to go about this, speaking as a person that would love for this GB to be a real thing that is successful.

1) Announce that you oversold by 298 shares, and refund anyone that did not make the official 1000 share cutoff, either now or after hashing has started if you have already spent the funds, by my count that is everyone who sent BTC after the 4th, plus 15 shares from ryaner84 who bought on the 4th. (full disclosure: that would refund me as well)

Or

2) Announce that you oversold by 298 shares and are soliciting volunteers who would like the refund, either now or after hashing starts.
(Thus giving me a chance to stay in the game)

or

3) Change the terms of the Group Buy to give yourself a management fee of some percent, in addition to keeping the 202 shares so the GB stays somewhat profitable for you.

I am pretty certain that no one will move to buy the remaining 202 shares, because no one will trust a stranger on the Internet to operate a miner with no chance of profit for themselves.
Either take the steps necessary to save the GB or announce that there was no miner from the get go and you are very pleased with all the BTC that was sent to you. :/

EDIT: Alternative 1 should not be an offer of a refund, rather a summary refund whether the share buyer wants it or not.

4) No refound, my profit is 500ghs, of mining or selling them its my choice. I'm making about 3000$ of earn selling my 500ghs.
Electricity will be around 150$/month, about 6 month about 1000$, so 2000$ of earn for me.

There will be no direct profit for you keeping the miner up and running. It will only cost you money in the form of the electricity bill.
Why don't you keep the remaining shares at least until the pont of the first divend payment to show us you are legit.

[minewithmind]

LAST NEWS: I will send the miner to who will buy ALL last 200 shares, at the condition he will keep up the group buy

[madao]

LAST NEWS: I will send the miner to who will buy ALL last 200 shares, at the condition he will keep up the group buy

The problem with this plan is that there is no way to make sure who ever buys those last 200 shares won't just make off the machine for his own benefit. 1.4 BTC would bee seen as a pretty nice deal for a TH miner.

[hispanico87]

This guy is fantastic...I hope that nobody will buy last 200 shares (BTC difficulty is rising...mining must start as soon as we can and all other shipping time are only time wasted).
The GB is his and he should handle it as "agreements". With $5000+ of net profit I think this will not a problem.

[artplay81]

It's getting funnier day by day.
What we need here is some established miner or company with normal reputation willling to buy shares left and get some commission for running the machine.
Second thing we need is some proof of purchase from minewithmind and Bitmine.ch.

[railzand]

Hey minewithmind I see your shares are not doing so well
Can I suggest you consider selling to the dz miner's coop?
If you are genuine and need the money, you could work something out, no?
their address is in my sig.

I made my sig less eyecancerish.

you guys might to well to sell that miner to bobsag_3 from the dzmc. he is utterly reliable as a group buyer/coordinator/hoster

[madao]

I would get behind a DZMC hookup, but the fastest route to hashing is still for minewithmind to keep the unit.

minewithmind: the reason we want you to keep the shares is that you will have motivation to keep the miner running until it is not profitable anymore. This way, your profits will be connected to ours, thus we will all be in it together.

t's not that there are reasons not to trust that you will keep it running for months without seeing any new profit, not to trust you specifically, it's more a general rule, seeing as we are people on the internet, i.e people we do not know personally.

[Bakal]

hi! i am very anxious of this gb. somethings not right. can i  just get a refund? thank you.

[iglasses]

LAST NEWS: I will send the miner to who will buy ALL last 200 shares, at the condition he will keep up the group buy

How on earth could we establish that this miner order even exists?

I run my equipment in a temperature controlled server room and would be willing to work with another member to house/split the remaining shares AND keep everyone in the GB that wishes to stay but there is just no way I am going to part with another cent under the current circumstances.

Does anyone know if there is any way to reliably confirm with the vendor that this order exists and have the buyer/delivery information changed?

Seems like a long shot.

[BryanK]

I was interested in this GB until i read all this drama. Im out.

[Markov]

I'd like to see the order confirmation of this miner. If it is confirmed then I'm more than happy to host the miner. I can leave all my details and be as transparent as needs be to have people's trust. I work as a civil servant so I would most likely lose my job if anything went wrong and I got sued. Up to you guys!