[LIKELY SCAM] Antminer group buy

[Drai]

Hi bitmin0r1,
I'm going to do another payment,
Can we calculate also payout and shares fee, so that everything is included in one transaction?

[Drai]

We have 0.0758477*8/100=0.006067816 for the S1 mining on my address during this week.
So 0.098 + 0.006067816 = 0.104067816 what I'have to pay

For the 4 shares we have: maintaining your 3-hour average hash rate of 2,124.76 Gh/s is 0.21342108 BTC per day... 0.006028845 for three days, like you said me.
Less fee: 0.0055465374

0.104067816 - 0.0055465374
I paied you: 0.0985212786

[cr4sh0verride]

Just a heads up for anyone interested in this deal so far

OP has been honest with all his dealing and his service has been running solid since I bought the shares

It's a shame the troll sullied the thread like he did.. The OP doesn't deserve it

[crackfoo]

crackfoo just purchased 11 more shares to arrive at a total of 36 to have a complete miner

Thanks. Confirmed it's hashing to my pool of choice.

cheers!

[lowerjerzey]

Just a heads up for anyone interested in this deal so far

OP has been honest with all his dealing and his service has been running solid since I bought the shares

It's a shame the troll sullied the thread like he did.. The OP doesn't deserve it

Troll? Hardly. All I did was point out how this sale was poorly planned and executed. This host has shown he can't be trusted and that he lacks the mental capacity to run a business correctly. I'm glad I put doubt into potential buyers. I should have posted sooner because you probably wouldn't have made a purchase. Come on, do you really think that this guy will continue to get free electricity? But, you won't answer that will you because you're invested. You'll just call me a troll and hope that he won't disappear when his landlord (or parents) hands him a huge electric bill. 8% of mining won't put a scratch in it. He's attempting to take advantage of his landlord (or parents)  so he does deserve what I've done. And when he disappears, you deserve it for taking advantage of him. No one gets free unlimited electricity and no true business minded person who wishes to stay in business is this generous to customers unless he is stupid. Don't invest in stupid. This is setup to lose.

[cr4sh0verride]

Everything that is related to Bitcoin including hosting, mining, trading is going to have some form of risk associated with it.

It's up to the individual that is taking that risk to analyse the information and make a decision based on their best reasoning.

This whole network is built on trust and when you are new and untested you need people to calculate that risk and take a chance. I speak with him often (actually most days) on Skype and to me he seems like a genuine human being.

If for whatever reason that the deal goes sour I would hope that he would do his best to compensate the people involved with his shares.
I also just like to have a bit of trust in good ol' fashion fucking humanity as well

It takes a special person like you to come rampaging in (throwing out accusations as you have we can see in the thread below) that are based purely on your own speculation. He has no need to divulge any information to you when you come charging in to the thread like that..

If you are skeptical of the deal everyone is in their right to question the details but if you're not smart enough to do it properly then you are doing a massive disservice to the Bitcoin community. You have no further reason to post in this thread now other to apologise to the OP and conduct yourself with a bit of civility

[lowerjerzey]

Everything that is related to Bitcoin including hosting, mining, trading is going to have some form of risk associated with it.

It's up to the individual that is taking that risk to analyse the information and make a decision based on their best reasoning.

This whole network is built on trust and when you are new and untested you need people to calculate that risk and take a chance. I speak with him often (actually most days) on Skype and to me he seems like a genuine human being.

If for whatever reason that the deal goes sour I would hope that he would do his best to compensate the people involved with his shares.
I also just like to have a bit of trust in good ol' fashion fucking humanity as well

It takes a special person like you to come rampaging in (throwing out accusations as you have we can see in the thread below) that are based purely on your own speculation. He has no need to divulge any information to you when you come charging in to the thread like that..

If you are skeptical of the deal everyone is in their right to question the details but if you're not smart enough to do it properly then you are doing a massive disservice to the Bitcoin community. You have no further reason to post in this thread now other to apologise to the OP and conduct yourself with a bit of civility

Yeah, me personally doing disservice to the bitcoin community by pointing out how asinine this deal is for the host and that he shouldn't do it and that he should just keep what he mines for himself? He doesn't benefit at all from selling shares, you benefit.  Who's the scumbag, me for pointing that out, or you for taking advantage of someone who seems to not know any better?

I knew you would avoid the whole questionable free electricity thing. Good research and speculation done by you. Did you notice the way he poorly handles shares, his own hardware, and his measly 8% of mining? Good research and speculation done by you. Lowering his price because someone cried, no alarms went off in your head? None? Why, because he doesn't know what he's doing, he set his fee way too low, and you jumped on it. You, my friend, are the problem. I was his solution. You are taking advantage of him because he doesn't know any better and I tried to help. Oh well.

You should apologize for taking advantage of him. He has shown over and over and over again that he doesn't know any better. Have fun raping him while he lets you.

Or, this is a scam and he'll disappear once he sells enough of these too good to be true, shares.

[cr4sh0verride]

You're embarrassing yourself now and I feel that arguing this point any further with you would be like playing chess with a Pigeon

Feel free to look that one up..

I'm not going to willingly ruin this thread unless I come across any tangible and substantiated claims

[lowerjerzey]

You're embarrassing yourself now and I feel that arguing this point any further with you would be like playing chess with a Pigeon

Feel free to look that one up..

I'm not going to willingly ruin this thread unless I come across any tangible and substantiated claims

Here's one, free unlimited electricity. Does it exist? Go ahead and avoid the question again just like the host is.

[Forexperiments]

He's attempting to take advantage of his landlord

No home setup can have 6000 W of power without anyone noticing immediately
So, it must be something else. Solar panels, work place (for example my boss is perfectly fine that I'm mining scrypt 24/7 at work with a 800W rig), or else, not my business what. Many ways to have unlimited free energy.
And, according to my calculations, an antminer is profitable with paid electricity until the end of september, so he doesn't really need to have it free (but of course if he has free electricity that's better for him, has more profits, because, in my country, the cost for 15 antminers mining 6 months is $3500)

I talked with him via PM and he looks really honest, I trust him.
Payment for last week mining arrived very quickly.

[lowerjerzey]

He's attempting to take advantage of his landlord

No home setup can have 6000 W of power without anyone noticing immediately
So, it must be something else. Solar panels, work place (for example my boss is perfectly fine that I'm mining scrypt 24/7 at work with a 800W rig), or else, not my business what. Many ways to have unlimited free energy.
And, according to my calculations, an antminer is profitable with paid electricity until the end of september, so he doesn't really need to have it free (but of course if he has free electricity that's better for him, has more profits, because, in my country, the cost for 15 antminers mining 6 months is $3500)

I talked with him via PM and he looks really honest, I trust him.
Payment for last week mining arrived very quickly.

What is this, like a tag team of stupidness? I ask a very simple question and everyone but the host has an answer. Solar panels? Even if he did have them, it would not be enough to generate the electricity these things need to run 24/7. Also, he'd make more money by shutting off the miners and selling the electricity back to the power company(after he spent $15k - $20k on installing them). He is ripping someone off whether it be his landlord, his parents, his employer, or the actual power company. Keep on defending this thief for your benefit.

Or, he is actually paying for the electricity which makes this totally hilarious!

[lowerjerzey]

cr4sh0verride just purchased another 36 shares to get a full antminer changed to his mining settings.

This groupbuy status is : Shares available : 346/540

Current shareholders:
ant 103 :    
              Drai:                     4  shares
              Forexperiments:      5 shares
              audiocartwall:         5 shares


Drai:                 36 shares (ant 106)
cr4sh0verride:    36 shares (ant 111)
cr4sh0verride:    36 shares (ant 112)
anonymous:       36 shares (ant 117)
crackfoo:          36 shares (ant 113)

If you buy 36 shares the antminer will be changed to your poolinfo & worker immediatly.

cr4sh0verride ups his raping. Good job! What is sad is that the thief btcmin0r1 doesn't even realize that he's being raped. And sadder that he set it up that way.

[ivankoh]

He's attempting to take advantage of his landlord

No home setup can have 6000 W of power without anyone noticing immediately
So, it must be something else. Solar panels, work place (for example my boss is perfectly fine that I'm mining scrypt 24/7 at work with a 800W rig), or else, not my business what. Many ways to have unlimited free energy.
And, according to my calculations, an antminer is profitable with paid electricity until the end of september, so he doesn't really need to have it free (but of course if he has free electricity that's better for him, has more profits, because, in my country, the cost for 15 antminers mining 6 months is $3500)

I talked with him via PM and he looks really honest, I trust him.
Payment for last week mining arrived very quickly.

What is this, like a tag team of stupidness? I ask a very simple question and everyone but the host has an answer. Solar panels? Even if he did have them, it would not be enough to generate the electricity these things need to run 24/7. Also, he'd make more money by shutting off the miners and selling the electricity back to the power company(after he spent $15k - $20k on installing them). He is ripping someone off whether it be his landlord, his parents, his employer, or the actual power company. Keep on defending this thief for your benefit.

Or, he is actually paying for the electricity which makes this totally hilarious!

Not sure how he got totally free electricity but I only pay usd20 per month for electricity. My 2nd home meter broke and I call the power company and invite them to fix it but they never came. So they simply just send me a bill of usd20 per month as estimation. Hint: it only happen in southeast asia.

[lowerjerzey]

Just leave him... he will come up with anything to get some attention in life and have some conversations, whatever you tell him he will come up with something.

As for new interested shareholders, you can PM me for more information and then I can give you my skype if you want and I will answer any questions you have (including electricity questions)

So, it's super secret? Why? What are you hiding?

I'm just gonna flat out call you the stupidest host in existence and it reflects in no one making purchases except for existing shareholders who were already invested. You are stealing electricity and I can't wait until you get caught. Your share management is the worst. Setting miners to shareholders wallets is so goddamn stupid and only a fool would not think so. Your dwindling 8% of mining fee shows your low IQ and no one with a brain is going to invest because you can't trust an idiot.

But now I'm conflicted. Your failure in this godawful sale means you are benefiting greatly with the mining. So, I'm going to flip and endorse the sale. I'll delete all my posts. Hopefully you will sell all your shares and the only source of BTC income will be the dwindling, measly 8% of mining which will turn into zero in a couple months. That will be hilarious.

BOUNTY!

Could someone pretend to be interested and then post how he is obtaining free electricity? .01BTC to whoever posts a screen shot of his response! .05BTC if you record a skype conversation with this dummy! Post his skype user name and proof that it is really him. PM me.

[lowerjerzey]

His original post.

Just leave him... he will come up with anything to get some attention in life and have some conversations, whatever you tell him he will come up with something.

As for new interested shareholders, you can PM me for more information and then I can give you my skype if you want and I will answer any questions you have (including electricity questions)

His edited post.

Just leave him... he will come up with anything to get some attention in life and have some conversations, whatever you tell him he will come up with something.

As for new interested shareholders, you can PM me for more information and then I can give you my skype if you want and I will answer any questions you have.

Wow, free electricity is a super secret.

[crackfoo]

His original post.

Wow, free electricity is a super secret.

PS: I'm a Troll

There you have it

[albon]

I really want this not to be a scam. I really want to buy 5-10 shares.

I just can not bring myself to do so, my hart says good deal my head says once most of the shares have gone so will the op.

All is IMHO but sorry no

[lowerjerzey]

His original post.

There you have it

Troll. Hardly.

Who's the genius that handed an obvious mentally incapable person with no business sense 1BTC? Me or you?

You know that you can collect the bounty. I don't discriminate to stupidity.  How does he get free electricity?  You are invested, so you should know. Don't you want to know? Nope, you'll just continue to ignore this one huge detail which is the only basis that the host can keep the mining alive. You'll call me a troll again and hope that he doesn't disappear when his electricity theft is discovered. Keep trying.

[Mayuyu48]

hi, if i buy shares now, when will that contract expired?
6 months from now?
and do i get payment every week to my BTC address?

[klondike_bar]

Just leave him... he will come up with anything to get some attention in life and have some conversations, whatever you tell him he will come up with something.

As for new interested shareholders, you can PM me for more information and then I can give you my skype if you want and I will answer any questions you have (including electricity questions)

So, it's super secret? Why? What are you hiding?

I'm just gonna flat out call you the stupidest host in existence and it reflects in no one making purchases except for existing shareholders who were already invested. You are stealing electricity and I can't wait until you get caught. Your share management is the worst. Setting miners to shareholders wallets is so goddamn stupid and only a fool would not think so. Your dwindling 8% of mining fee shows your low IQ and no one with a brain is going to invest because you can't trust an idiot.

But now I'm conflicted. Your failure in this godawful sale means you are benefiting greatly with the mining. So, I'm going to flip and endorse the sale. I'll delete all my posts. Hopefully you will sell all your shares and the only source of BTC income will be the dwindling, measly 8% of mining which will turn into zero in a couple months. That will be hilarious.

BOUNTY!

Could someone pretend to be interested and then post how he is obtaining free electricity? .01BTC to whoever posts a screen shot of his response! .05BTC if you record a skype conversation with this dummy! Post his skype user name and proof that it is really him. PM me.

I know a lot of people are calling you a troll for constantly posting, maybe it is time to back off a bit and let this run its course?

I agree with you, this is an odd deal. Its a very long-term hosting that has pretty tight profit margins for btcmin0r1, particularly after the first 2-3 months. There is a definite incentive for him in that he keeps the gear at the end, but as mentioned it really requires FREE power for him to make any real gains from this, and also there is nothing holding him back from dissapearing after paying 1-2 week's dividends and then re-joining with a new forum id that is unscathed.

but even if legitimate, the free power is a big concern. Ive considered selling shares of my own 3TH+ setup, and would not do it at the rates charged in this thread (partly because i do pay for power). having almost 6kW of power draw raises red flags for whoever's power he is using, unless it is being 'borrowed' from a private entitiy such as a school or a business (either owned by btcmin0r1 or a close friend so that power is a part of that business's expenses - which is illegal if you were to ask the IRS). Otherwise, he is stealing power from somebody or his landlord who is going to catch on fast when power bills go up by $300/month

I won't say its a scam, but i will urge people to be cautious and do their due-dilligence before they invest money