[OPEN] A2 86mh/s Terminator Hosted Groupbuy *Price Protection*

[cooldgamer]

I would be a bit afraid that after hosting you can't sell the machine for what it cost, as is atm with for example the gridseeds. Once there are more than a few machines on the market they will start dropping prices hard I assume.

What happens with profitability is anybody's guess, but that's the nature of mining.  One thing to take into consideration is the fact that this machine has the lowest power consumption on the market right now.  This means mining will be viable for longer, so we'll be able to fetch more for it at the end.

As I've said in my groupbuys before, I make no claims on if I think we will ROI or not.  What I do know is that unless you're dropping the cash for one of the really powerful miners, this is the best price you'll get.  Going off the cheapest secondhand Gridseeds I could find, the same amount of mining power would cost $57.33, and that doesn't even include the power cables+control unit+USB hub+shipping, plus you have to host them yourself!  To top it off, their high power use would probably make them close to obsolete in 90 days.  Even if we step it up, a 13mh/s hosted miner at Gaw would cost $52.92 for the same amount with a 2.5% hosting fee.  That's a pre-order by the way, not up until the second of next month.

I think that the best way to handle this is to have a vote later on (when profitability starts to decline) to determine when to sell it. Each share would equal one vote, and it could mine while it is on the market. When it sells, the proceeds would be split according to shares.

I like this idea... I like it a lot.  Updating OP now since no shares have been purchased yet

I was going to help try to come up with more specifics (as to when the voting would be initialized) but that's a tough one. The best plan is to come up with something that's kind of like the spark. "if x happens, the voting becomes active." This helps give a more strict set of rules and ensures everyone is on the same page. The things I came up with are:

1) Network hash rate hits x
2) ASICs from x are released (or at x hash rate are shipped)
3) Profitability hits x threshold

I don't see why we need to overcomplicate it, if the majority of the shareholders want to sell then we should sell.  Also added that $175 will be added to the final sale payout for every full month left on hosting.

Because how else do you determine when it's time to sell? Just watching what is said in the thread doesn't really validate the majority's opinion. You can end up having many polls as a result, all of them failing because a few people want to sell and the majority don't.

At any time a shareholder may place (or remove) a vote to sell.  This info will be kept in a public google doc.  As soon as 126 shares vote to sell, it gets listed.  Seems like the simplest and best way to handle it.

[Flep182]

Thanks for your vision on ROI

Regarding voting, MWNinja just closed down 4 groupbuys overnight without consulting anyone "because it was the best option" and sent everyone back a small fee for the shares, so I for one am very happy with the google docs voting thing you suggest.

[ranlo]

I would be a bit afraid that after hosting you can't sell the machine for what it cost, as is atm with for example the gridseeds. Once there are more than a few machines on the market they will start dropping prices hard I assume.

What happens with profitability is anybody's guess, but that's the nature of mining.  One thing to take into consideration is the fact that this machine has the lowest power consumption on the market right now.  This means mining will be viable for longer, so we'll be able to fetch more for it at the end.

As I've said in my groupbuys before, I make no claims on if I think we will ROI or not.  What I do know is that unless you're dropping the cash for one of the really powerful miners, this is the best price you'll get.  Going off the cheapest secondhand Gridseeds I could find, the same amount of mining power would cost $57.33, and that doesn't even include the power cables+control unit+USB hub+shipping, plus you have to host them yourself!  To top it off, their high power use would probably make them close to obsolete in 90 days.  Even if we step it up, a 13mh/s hosted miner at Gaw would cost $52.92 for the same amount with a 2.5% hosting fee.  That's a pre-order by the way, not up until the second of next month.

I think that the best way to handle this is to have a vote later on (when profitability starts to decline) to determine when to sell it. Each share would equal one vote, and it could mine while it is on the market. When it sells, the proceeds would be split according to shares.

I like this idea... I like it a lot.  Updating OP now since no shares have been purchased yet

I was going to help try to come up with more specifics (as to when the voting would be initialized) but that's a tough one. The best plan is to come up with something that's kind of like the spark. "if x happens, the voting becomes active." This helps give a more strict set of rules and ensures everyone is on the same page. The things I came up with are:

1) Network hash rate hits x
2) ASICs from x are released (or at x hash rate are shipped)
3) Profitability hits x threshold

I don't see why we need to overcomplicate it, if the majority of the shareholders want to sell then we should sell.  Also added that $175 will be added to the final sale payout for every full month left on hosting.

Because how else do you determine when it's time to sell? Just watching what is said in the thread doesn't really validate the majority's opinion. You can end up having many polls as a result, all of them failing because a few people want to sell and the majority don't.

At any time a shareholder may place (or remove) a vote to sell.  This info will be kept in a public google doc.  As soon as 126 shares vote to sell, it gets listed.  Seems like the simplest and best way to handle it.

That method should work as well. .

I'd so jump on this right now if I weren't so afraid of the incoming ASIC flood. I'm still trying to push myself to do it right now... it's hard.

[cooldgamer]

cr4sh0verride has purchased a share

[cooldgamer]

Moving this over to Marketplace, honestly don't know why mods moved it here to begin with.

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