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Author Topic: [CLOSED] UPDATED: Frankenmint's Alpha-T groupbuy  (Read 922 times)
frankenmint (OP)
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May 22, 2014, 05:31:38 AM
Last edit: June 29, 2014, 08:27:55 AM by frankenmint
 #1

Groupbuy is now Closed Refunds have been issued to all buyers - thank you for your time.

Hello Miners!

I run the website, honeybadgerofmoney.com which is a bitcoin adoption and awareness portal to share the joys of cryptocurrency.  I run and manage bitcoin and alt-coin hardware as a full time endeavor.  I was lucky to get in on the groupbuy for Alpha-T and am in Batch 1.  I purchased 2 Viper 90 MH units and have already covered the initial 1/3rd deposit.  

Unfortunately, due to circumstances outside of my control, I cannot cover  the remaining 2/3rds payment within a timely manner for my order and as such, I would like to offer the remaining portion of my order to the community along with whatever bonus cloud hashrate I am offered.  As you may or may not know, Alpha-Technologies started out by offering these devices at 25 MH Each originally then boosted the pipeline up to 90 MH each - to further match KNC Titan, I believe they will also be offering cloud-based hashing, which I will pass on to buyers as well.  

For Sale Now!:  277.77KH (3 year contract) + bonus Cloud KH (lifetime of cloud) = .024 BTC

--= FAQ =--

Why should I trust you?

I've been doing this for a quite a while and am well known throughout the BTC community and there is this too:



Is this worth it?

Absolutely!  The cost you could expect to pay for a Gridseed small miner is about 50-60 dollars and only see 350 KH, my deal offers you 400 KH + 464 KH as a BONUS!!!  The tradeoff here is that you do not own the hardware but in fact get to use it for 36 months.  There is no cost in electricity though so it does have a high potential likelyhood of achieving ROI - I plan to mine multiple currencies and expect to utilize a larger pool for consistent payouts

Bonus hashrate you say?

That's right!  I'm splitting my Cloud  MH to be included into this groupbuy!  If Alpha-T were to match KNC's Titan and offer me an additional 210 MH - taking out my own expected 70 MH leaves 140 MH remaining to split amongst the remaining 1200 shares, which equates to roughly 116 KH BONUS per share owned, bringing your net price down to approximately 6 dollars per share*

What is your mining strategy?

Lately I've been using Scryptguild because of the robust features and allegiance to Btcguild - however I am open to changing over to a more popular pool like suchpool.pw or Ghash.io multipool

When will mining start?

I will begin mining once units are received.  They will be running and maintained in a secure, cool, location.  It has been mentioned that cloudmining may begin at a slightly later period in time (my best estimate is that it will begin within 60 days of receipt of the physical hardware)

How often will payments be issued?

I will issue payments 3 times a week: Mondays/Wednesdays/Fridays and will be reachable via Bitcointalk, Reddit, IRC, and honeybadgerofmoney.com.  I have decided to offer payments in one of the 3 following - BTC/LTC/Doge (I may be willing to work out other payout types but that is left to my discretion)

How much Hashrate is available for purchase?:

I am offering a guaranteed 333.33 MH of hashrate out of my 500 MH - this is being split into 277.77 KH Shares where ownership and lifetime payouts will be displayed here on a shared google spreadsheet, If I cannot sell a minimum of 600 shares then your money will likely be refunded and I will be at a colossal loss.  If I can clear 600 shares but not 1200 then I will do my best to cover the difference myself and claim the majority of the shares while hosing the 600 plus shares of others and issuing the 3x weekly payouts as mentioned previously

How to buy?:

I will accept payments directly here:

BTC: 1J8k5oSgVEmya1ocsJ25pQwrsVdPXH1Qd3

LTC: LhHr8vPMtAg5yzSZqR1z5Q6xEneMVTTkhf

Doge: DTEYqZtBCnxpdWx58ezrB4LyoZMbCVdYGD


Please be sure to save https://docs.google.com/spreadsheet/ccc?key=0AtrkmjqbrjKhdHh2TmdGRk9sZmVNVlV4ZDBKTnZhQ2c&usp=sharing for your own reference on payouts. Open to any questions, thank you for your time!


* based on expectation of matching KNC's claim - actual value may be greater or less depending on actual cloud MH delivered.  

[/s]

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May 22, 2014, 10:57:31 AM
 #2

The tradeoff here is that you do not own the hardware but in fact get to use it for 36 months.
And here I thought that the tradeoff is that you in fact don't know for certain when they will deliver or even if they will.  Roll Eyes

Gridseed, although I think it's garbage as well, is at least real and can be bought immediately.
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May 22, 2014, 05:27:38 PM
 #3

The tradeoff here is that you do not own the hardware but in fact get to use it for 36 months.
And here I thought that the tradeoff is that you in fact don't know for certain when they will deliver or even if they will.  Roll Eyes

Gridseed, although I think it's garbage as well, is at least real and can be bought immediately.

I think they will deliver based on the updates in communication - they wouldn't be prepared to request final portion of deposit otherwise because of the fallout from not being ready.  Too bad you feel that way about grid seeds - I like them a lot (using blades)! (except for going with barrel plugs, but that's by no means a deal-breaker)

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May 28, 2014, 11:23:39 PM
 #4

Bump!

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