R23: 10.8ghs $132.80 [Closed] immediate hash

[thomas_s]

Site was pushed when DNS propagates you can place orders

Hashing should begin Wednesday.

[drmadison]

Bought (possibly) the first 5 shares
But I noticed under my account it says no orders, and no email after the order... assuming the site is still in-progress.
Will it be updated to show shares from previous rounds as well (I have 2 from 17 and 2 from 22 as well...)

Transaction ID was 29c8cd2cee9ed3a392688667e46c322a56d0d19c1ba6f8895773e9744658719e-000
It says it completed the transaction...but it's showing the order still in my cart despite already being paid for...

Coinbase said:
Success! Your 0.8173 BTC payment has been sent to DZMinerCoop.
Your payment completed 7 minutes ago with confirmation number 9SVI7I8N.

[drmadison]

Update: Got the order confirmation (thank you for re-sending)

Jeez...I'm just such a pain aren't I lol

[jslabaugh]

In for a couple shares.  https://blockchain.info/tx/4814249bdfd94f896598148bcb560d68331853292bbcb9325bcf14d3a4bcfc9a

[EnJoyThis]

This round will not open for sales until my computer is set up and the hashrate is in stock. Immediate hash begins when a round or sub round is full.

Payouts occurs on the 1st and 15th of each month.

Hosting fee: $375 per round or sub round per payout
50 shares will be per round or subround
Each share is estimated at 10.8ghs
Management fee of 2.5%

Price is $132.80 per share.

Machines will continue to hash until they can no longer pay their costs.

Sales will open when machines are en-route, hashing will begin when units are put online (if at least one round is sold)

Sub-rounds will open as soon as 50 shares are sold (during business hours)

We take 0 (zero) responsibility for manufacturer defects, if the units need to be returned or need replacement parts we will ensure they get sent out for repair or repair them in house when replacement parts arrive.

Hashing should begin Wednesday

what are the hosting costs?

[thomas_s]

This round will not open for sales until my computer is set up and the hashrate is in stock. Immediate hash begins when a round or sub round is full.

Payouts occurs on the 1st and 15th of each month.

Hosting fee: $375 per round or sub round per payout
50 shares will be per round or subround
Each share is estimated at 10.8ghs
Management fee of 2.5%

Price is $132.80 per share.

Machines will continue to hash until they can no longer pay their costs.

Sales will open when machines are en-route, hashing will begin when units are put online (if at least one round is sold)

Sub-rounds will open as soon as 50 shares are sold (during business hours)

We take 0 (zero) responsibility for manufacturer defects, if the units need to be returned or need replacement parts we will ensure they get sent out for repair or repair them in house when replacement parts arrive.

Hashing should begin Wednesday

what are the hosting costs?

Hosting fee: $375 per round or sub round per payout

[bobsag3]

Also as a heads up- because of the problems with R21/22, if we do not start hashing Wednesday anyone who wants is entitled to a refund from Thursday on.

And a question for yall: Do you prefer more hashrate/more $, or smaller shares with smaller hashrate?

[TechByPC]

Is there a problem with the website / checkout? I ordered a couple shares last night and got the receipt in my coinbase account, but no email and no order shows on the dzminercoop.com site. No urgency, just want to make sure I didn't get lost somewhere.

Thanks.

[thomas_s]

Is there a problem with the website / checkout? I ordered a couple shares last night and got the receipt in my coinbase account, but no email and no order shows on the dzminercoop.com site. No urgency, just want to make sure I didn't get lost somewhere.

Thanks.

Can you send me a PM with your order number / name.

[drmadison]

Also as a heads up- because of the problems with R21/22, if we do not start hashing Wednesday anyone who wants is entitled to a refund from Thursday on.

And a question for yall: Do you prefer more hashrate/more $, or smaller shares with smaller hashrate?

My personal opinion is that keeping shares around the 0.1btc mark is probably best. Too much lower and there's too much to keep track of and the shares aren't worth enough to really care; too much higher and it defeats the purpose of these shared purchases.

[michaelhampton2]

Any spreadsheet available online?

[bobsag3]

Also as a heads up- because of the problems with R21/22, if we do not start hashing Wednesday anyone who wants is entitled to a refund from Thursday on.

And a question for yall: Do you prefer more hashrate/more $, or smaller shares with smaller hashrate?

My personal opinion is that keeping shares around the 0.1btc mark is probably best. Too much lower and there's too much to keep track of and the shares aren't worth enough to really care; too much higher and it defeats the purpose of these shared purchases.

We might break the next R23 subround into 63 shares, with 8.1ghash, at $99.99. thoughts?

[KyrosKrane]

Hosting fee: $375 per round or sub round per payout
50 shares will be per round or subround
Each share is estimated at 10.8ghs
Management fee of 2.5%

Price is $132.80 per share.

Maybe I'm being a noob, but the hosting fee and the concept of rounds/subrounds are confusing me (the rest more or less makes sense).  Let's assume for the sake of discussion I want to buy two shares. Could you please walk me through what my up-front cost will be, and how my payout will be calculated? Thanks.

[thomas_s]

Hosting fee: $375 per round or sub round per payout
50 shares will be per round or subround
Each share is estimated at 10.8ghs
Management fee of 2.5%

Price is $132.80 per share.

Maybe I'm being a noob, but the hosting fee and the concept of rounds/subrounds are confusing me (the rest more or less makes sense).  Let's assume for the sake of discussion I want to buy two shares. Could you please walk me through what my up-front cost will be, and how my payout will be calculated? Thanks.

Upfront costs are $132.80 per share converted to BTC at coinbases rate. A payout would look similar to this

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdGtLY0dZUDVqZUNaZ1VHajRPY1RGUFE&usp=sharing

[KyrosKrane]

Ah, that makes much more sense! Thanks. =)

At first I thought the hosting fee was per share, which just made me boggle. =) So it's $375 per two-week payout, divided evenly among all shares?

[thomas_s]

Ah, that makes much more sense! Thanks. =)

At first I thought the hosting fee was per share, which just made me boggle. =) So it's $375 per two-week payout, divided evenly among all shares?

Yep

[nezarkadhem]

Ah, that makes much more sense! Thanks. =)

At first I thought the hosting fee was per share, which just made me boggle. =) So it's $375 per two-week payout, divided evenly among all shares?

Yep

If I understand correctly, the $375 fee be divided on a maximum of 50 shares. So we will be charged a minimum of $7.5 per share per payout if all 50 shares are sold. Correct?

[thomas_s]

Ah, that makes much more sense! Thanks. =)

At first I thought the hosting fee was per share, which just made me boggle. =) So it's $375 per two-week payout, divided evenly among all shares?

Yep

If I understand correctly, the $375 fee be divided on a maximum of 50 shares. So we will be charged a minimum of $7.5 per share per payout if all 50 shares are sold. Correct?

Each share pays $7.5 per payout

[xZork]

..............

[EzCheese]

Shares paid for via webiste -- count me in.