Mining on $5K

[empoweoqwj]

Personally, I'd buy an antminer or two, receive them in a week, make back your money, and save those coins to buy the more advanced stuff in feb.

https://bitcointalk.org/index.php?topic=374199.0

no guarentees, obviously, but they're shipping now, hashing now, and priced in BTC not fiat, so the recent drop in BTC/USD works in your favor.

Make your money back in two weeks? Doing what?

Uhm, mining at 180GHs after nearly immediate delivery?  I never said 2 weeks, but your point is made...  it's still cutting it pretty close to the difficulty change curve.  

The interesting part for me was how the price was in BTC, not Fiat, so there was potential to pick up 180GHs for $2k USD instead of the $4.5k it was a couple weeks ago.  The way I saw it, this product was the current lowest risk with the highest potential return if you were going to buy this week.  Other option being to speculate BTC until the device you really want comes out in a couple months.  My personal favorite is the Black Arrow products.

Apologies for the mis-read. So a mining company actually has something in stock for immediate delivery? wonders never cease

[1715045022]

1715045022

[Cheshyr]

Apologies for the mis-read. So a mining company actually has something in stock for immediate delivery? wonders never cease

No worries.  It's still a high risk purchase, but everything bitcoin related is high risk these days. 

Bitmain's AntMiner came out of nowhere, and they're selling them in groupguys as they come off the manufacturing line, over in the groupbuy forum.  The forum member sushi has been managing these group buys, and it sounds like roughly 300-400 units have already shipped, with a new groupbuy being set up each week as the previous one ships.  It's a little rough around the edges, but we have an asic manufacturer that's shipping now, with no pre-order fiasco.  That counts for a lot in my book, even with the sharp corners.

[empoweoqwj]

Apologies for the mis-read. So a mining company actually has something in stock for immediate delivery? wonders never cease

No worries.  It's still a high risk purchase, but everything bitcoin related is high risk these days. 

Bitmain's AntMiner came out of nowhere, and they're selling them in groupguys as they come off the manufacturing line, over in the groupbuy forum.  The forum member sushi has been managing these group buys, and it sounds like roughly 300-400 units have already shipped, with a new groupbuy being set up each week as the previous one ships.  It's a little rough around the edges, but we have an asic manufacturer that's shipping now, with no pre-order fiasco.  That counts for a lot in my book, even with the sharp corners.

A manufacturer has finally learnt people are sick of pre-orders .... had to happen eventually

[davedx]

I can vouch for the DZ Coop. Solid bunch of people, I'll probably be reinvesting more in them at some point (got 10 shares in R17 and 5 in R9-12).

[DyslexicZombei]

Thanks for the kind words about the team, gents!

We're just a bunch of nerds and miners like you guys. We try our best to treat our co-op members like we would our own meatspace friends and families.

[empoweoqwj]

Thanks for the kind words about the team, gents!

We're just a bunch of nerds and miners like you guys. We try our best to treat our co-op members like we would our own meatspace friends and families.

Is there a way to buy shares in your company?

[DyslexicZombei]

Thanks for the kind words about the team, gents!

We're just a bunch of nerds and miners like you guys. We try our best to treat our co-op members like we would our own meatspace friends and families.

Is there a way to buy shares in your company?

Sorry, we only offer Group Buy shares in Industrial Class rigs at the moment. We happen to have 3 GBs open right now, including Bitmain and Black Arrow (an exclusive deal, one of several that we've engineered). We even completed what we believe to be the world's first Bitcoin for Oil & Gas deal which ended recently - but will re-open shortly at a different Texas location.

In the past: I have pushed for offering some sort of public BTC shares in our larger offerings among company founders but I'm the one that seems to be the most bullish about that. I think an offering of something like this based in Germany at a place such as Cryptostocks could be beneficial (which wasn't even my idea originally), but to be honest we're in the fortunate position of not lacking for start-up or operational funds at the moment <knocks on forehead instead of wood>.

- Now that our legal counsel is fully in place with our retainer paid, and now that we've officially filed for our Umbrella company: We now have BTC arbitrage services available via a pro contract for access to the proven expertise and services of a veteran forex trader who has taken quite a liking to the world of Bitcoin.

It's OT but semi-related. Also: this is another way to diversify in the high risk world of Crypto investing and mining. If you were serious, you can contact us about our BTC arbitrage services called Arbit Rage at:

rage.arbit@gmail.com

for further questions about this new service we're launching. I absolutely cannot give you investing advice but you're welcome to ask questions directed to this email above with regards to our new BTC arbitrage services contracts. Cheers!