[Group buy] GRIDSEED 5 chip USB Dual Miner with shares over Cryptostocks.com

[HashHigh]

edit:

Hello everyone! HashHigh has new owners. So we deleted the original post! The initial offer at cryptostocks.com has changed.

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[thy]

The first thing you should do is to post under your real bitcointalk account if your legit so people know who there dealing with, not use an altaccount created only for promoting a stock on cryptostocks.

[Zach_BTC]

yes man how i know we can trust you?

[HashHigh]

That's our main problem! We don't have any old account with many Posts.
That was the reason to start this group by over cryptostocks... there you can sold you shares at any time, if you want to "resign" from the group buy.

What could we do to get trust?

[junkonator]

Does gridseed charges USD or Yen right? Why don't you add some sort of insurance against sudden price rise in BTC?

[HashHigh]

Does gridseed charges USD or Yen right? Why don't you add some sort of insurance against sudden price rise in BTC?

Gridseed only accepts bank wire transfer in USD.

In your opinion... How should such an insurance policy work?
We could offer a repayment... or buy more Miner, sell them and pay the revenue back... but that's a matter of trust too.

At this point we can offer you 10 USB Miner + 1 Wii Box controller für 3.5 BTC.

[junkonator]

Does gridseed charges USD or Yen right? Why don't you add some sort of insurance against sudden price rise in BTC?

Gridseed only accepts bank wire transfer in USD.

In your opinion... How should such an insurance policy work?
We could offer a repayment... or buy more Miner, sell them and pay the revenue back... but that's a matter of trust too.

Sure the trust issue is there regardless of insurance. You could, though, add a passus that states what will happen in the case of sharp rises and also falls in price. Simply buying more Gridseed in case of a rise will be fine for most I guess. But you have to address the issue. I BTC is falling that's more difficult. You write:

- The exchange rate collapses and we do not have enough USD / YUAN (as described we have a buffer and should this go below a "rollback")

but never state what will happen. Will you add that?

[HashHigh]

Oh dear, so much text and still forgotten something.
I have to update this.
 
In summary, the following is planned when the BTC falls:
If one BTC falls under 600$, then we cannot execute the order. That's why we wait up to four weeks. If the price is not higher than 600$ within this timespan, then we will place a buy order for all shares and anyone can swap back. So you only loses the 0.2% trading fee from Cryptostocks.
 
We have to discuss what happens when the price rises.
One the one side we have a bigger buffer for some unexpected fees. On the other side we could give this buffer back when the devices will be ship (at this point, the buyers of more than 5 devices get the discount payment to their BTC wallet)

[HashHigh]

Our main intention is to buy these miners and strengthen our contact with the Gridseed team. Therefore, there is no additional surcharge fee in our shares offer! In addition we added the following text to our offer:


The following is planned if the BTC exchange rate falls:
If one BTC falls under 600$, then we cannot execute the order. That's why we wait up to four weeks. If the price is not higher than 600$ within this timespan, then we will place a buy order for all shares and anyone can swap back. So you only loses the 0.2% trading fee from Cryptostocks.

The following is planned if the BTC exchange rate rises:
If we make gains, then these will be distributed to the shareholders.

[junkonator]

A brothel? Good one!

[nwfella]

And another CS asset bites the proverbial dust.  Latest post on hashigh from crypto::stocks:

(.)(.) business activities are further paralyzed (.)(.)
Dear Investors!

First, we have to apologize for the long silence. We try to close currently all open construction sites. By the departure of some key team members, we are sitting on a pile of broken glass, that needs to be cleaned up now.

Here our problems in detail:

    There are no current mining activities, because we cannot achieve any more profits here. This was due to the rent for the rooms in which the pools were located and the high price of electricity. The GAWminers worked for some time, but we had problems with the chinese power supplies. In addition we are concerned about the orders at Flowertech and Alphatec. The devices are paid, but not delivered! After announcements of these companies, the delivery of the hardware is delayed more than two months. According to our calculations, these devices will never be profitable.
    The remaining Gridseed Miner are only a few dollars worth and, due to the negative trends of Scrypt currencies no longer be operated.
    Our autotrading software is no longer active, as the responsible developer is no longer in the team. Therefore, we have no access to the program any more.
    The import / export activities have been completely stopped, because the responsible persons are no longer in the team and it has not yet succeeded in establishing new good contacts.
    The brothel-coin was discontinued for ethical reasons. This has turned out to be a big mistake, because this is going now made ​​by others without HashHigh.
    For new ideas and projects there's a lack in the necessary manpower.
    The capital base is very thin. Currently the remaining team members can no longer be paid.

The last mining revenues generated we pour out as dividends. The way things are this will be the final dividend for a longer time.

Finally is to say that we enter into a long tunnel and probably for a long time no light at the end of the tunnel is visible. HashHigh stands at the crossroads. It looks damned badly.

The remaining HashHigh team
(H)(H)

*Think I'm completely giving up on CS stocks as soon as I dump what few remaining shares I have.  They are pretty much nothing but scams.