Bitcoin Forum
December 04, 2016, 08:33:23 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 »  All
  Print  
Author Topic: [COMMUNITY] Let's buy a SC Single together! It's cheaper than a Jalapeño!  (Read 3895 times)
Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
June 23, 2012, 05:48:30 AM
 #1

I am going to take the popular advice and scrap this venture. I will be focusing on expanding Cognitive with SC rigs instead!

Thank you all for your support and criticism; I've learned a bit from this thread.

Cheers,
Garrett




https://bitcointalk.org/index.php?topic=67547.0
http://cognitivemining.com/
https://glbse.com/asset/view/COGNITIVE

Quote from: Garr255
I want in on BFL's new ASIC line (who doesn't?) but I really just can't afford it. (I also don't want a coffee warmer Tongue) They will be opening their order forms tomorrow, and I'd love to get a good spot.

I am offering to host as many SC Singles as we raise funds for a fee of 10% of the hashing power. The hashpower will be distributed evenly among co-owners.

Each SC Single supposedly gets 40gh/s. One "Slot" here will get you ownership of one twelfth of the SC Single, minus the 10% management fee which will cover power and housing.

You can buy one twelfth of the SC Single for a minimum of 20btc, and more slots for any amount greater than that which is also a multiple of 20btc. This will give you 3gh/s per slot.

I will be putting an initial 20btc toward the effort for the first SC Single, thereby getting the 10% management fee + the purchased 3gh/s.

If you would like to purchase a slot, PM me and I will send you an address.

If you would like to donate to the cause, 1Ms8sUVbaKfhMJnpWh1ou9m1j2UbFoEnG1

SC Single 1:
Code:
Slot 1 - Garr255
2       -
3       -
4       -
5       -
6       -
7       -
8       -
9       -
10      -
11      -
12      -

I reserve the right to liquidate the SC Single(s) at any time, and distribute the sales revenue proportionally among fellow co-owners.

Let me know what you think! We need to get funds raised very soon, preferably tonight.

Cheers,
Garrett

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480840403
Hero Member
*
Offline Offline

Posts: 1480840403

View Profile Personal Message (Offline)

Ignore
1480840403
Reply with quote  #2

1480840403
Report to moderator
1480840403
Hero Member
*
Offline Offline

Posts: 1480840403

View Profile Personal Message (Offline)

Ignore
1480840403
Reply with quote  #2

1480840403
Report to moderator
Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
June 23, 2012, 06:13:15 AM
 #2

Thanks Obsi, I think it will cause a bit of a spike, but nothing too significant.

I'm not going to sell though, as I think BTC is just going to go up from here out!

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
June 23, 2012, 06:15:58 AM
 #3

Good idea Cheesy

chronicaust
Jr. Member
*
Offline Offline

Activity: 34


View Profile
June 23, 2012, 06:23:45 AM
 #4

i might be interested in this once a few ppl sign on. Sounds like a good idea = ). So at 3 gh/s we would get approx 1.3 btc per day? Are you planning on paying daily or weekly? Or will we have control over payouts? Thanks! Hope more ppl sign on = )
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 23, 2012, 06:33:50 AM
 #5

although Jalapenos provide slightly better HG/s per USD cost performance at current exchange rates than this deal, this could be a good option for someone outside of US to save on overall cost and or delivery time, and on shipping handling along with delays in case their product needs a replacement or warranty fix being outside of US
Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
June 23, 2012, 06:43:27 AM
 #6

i might be interested in this once a few ppl sign on. Sounds like a good idea = ). So at 3 gh/s we would get approx 1.3 btc per day? Are you planning on paying daily or weekly? Or will we have control over payouts? Thanks! Hope more ppl sign on = )

At the current difficulty 3gh/s will get you 1.75btc per day.

Keep in mind that the difficulty will increase as ASICs are released. This is why I want to have a part of one of the first ASICs!

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
June 23, 2012, 06:44:36 AM
 #7

although Jalapenos provide slightly better HG/s per USD cost performance at current exchange rates than this deal, this could be a good option for someone outside of US to save on overall cost and or delivery time, and on shipping handling along with delays in case their product needs a replacement or warranty fix being outside of US

I did calculations at $6/btc, because of volatility in the market.

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
DILLIGAF
Full Member
***
Offline Offline

Activity: 168



View Profile
June 23, 2012, 07:04:22 AM
 #8

At the current difficulty 3gh/s will get you 1.75btc per day.

Keep in mind that the difficulty will increase as ASICs are released.

That is an understatement. Have you plugged the numbers into a calculator as to the increases to be expected once the th/s boxes come online at the same time?  I know I have and its not pretty and this is what is going to happen as BFL chimed in in another thread to say they will have three lines running so all the boxes are shipping at once according to him/her.
Tachikoma
Hero Member
*****
Offline Offline

Activity: 938



View Profile WWW
June 23, 2012, 07:26:27 AM
 #9

Might be interested if I can get some more BC in time. Subbing Smiley

Electrum: the convenience of a web wallet, without the risks | Bytesized Seedboxes BTC/LTC supported
Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
June 23, 2012, 07:57:59 AM
 #10

I'm off for the night -- hopefully I wake up to some PMs, eh?

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
cuz0882
Sr. Member
****
Offline Offline

Activity: 336



View Profile
June 23, 2012, 08:00:52 AM
 #11

Why don't you put it on GLBSE. Otherwise people are just sending money to a stranger in a forum. There are a lot of people doing similar things on there.

https://glbse.com
Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
June 23, 2012, 08:09:40 AM
 #12

Why don't you put it on GLBSE. Otherwise people are just sending money to a stranger in a forum.

Good question -- I thought about this, but I would like to make this really simple, and being in direct contact with co-owners is nice too.

As an argument: I consider myself as a fairly well trusted member of the forums. Additionally, I maintain $12,000 (Soon to be over $30,000) of hardware that I do not own, so this would be a relatively small addition.

Also, sending money to someone on the GLBSE isn't significantly different. If it's verification that you're worried about, Nefario has all of my details.

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
Garr255
Legendary
*
Offline Offline

Activity: 952


What's a GPU?


View Profile
June 23, 2012, 08:14:56 AM
 #13

Are you planning on paying daily or weekly? Or will we have control over payouts?

I will either do payouts every Saturday as I do for Cognitive and Synergy, or I will let each co-owner point his hashrate as his own pool. This depends on mining software limitations, which will change by the time we receive this hardware in October.

“First they ignore you, then they laugh at you, then they fight you, then you win.”  -- Mahatma Gandhi

Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
cuz0882
Sr. Member
****
Offline Offline

Activity: 336



View Profile
June 23, 2012, 08:31:09 AM
 #14

So you have Cognitive, SYNERGY plus this posting. You can't afford a $1,299 single? Why the need to make up a new business name every few days? This seems like a whole lot of deception to me, even if its just to have multiple posting on the forum it seems lame to me.
Turbor
Legendary
*
Offline Offline

Activity: 1008


BitMinter


View Profile WWW
June 23, 2012, 08:52:59 AM
 #15

So you have Cognitive, SYNERGY plus this posting. You can't afford a $1,299 single? Why the need to make up a new business name every few days? This seems like a whole lot of deception to me, even if its just to have multiple posting on the forum it seems lame to me.

He is 16 or so... 1299$ was much money back then.

Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
June 23, 2012, 08:57:28 AM
 #16

So you have Cognitive, SYNERGY plus this posting. You can't afford a $1,299 single? Why the need to make up a new business name every few days? This seems like a whole lot of deception to me, even if its just to have multiple posting on the forum it seems lame to me.

Why the aggro ?

DutchBrat
Hero Member
*****
Offline Offline

Activity: 868


View Profile
June 23, 2012, 09:36:59 AM
 #17

What will you do with any remaining BTC if the usd-rate stays at 6.50 or rises further by the time the order is placed ?

Will the owners get a dividend ? Will you buy an extra hot-choco-warmer with it ?
Tachikoma
Hero Member
*****
Offline Offline

Activity: 938



View Profile WWW
June 23, 2012, 10:02:47 AM
 #18

Some very good questions are being asked, withholding till participation till answers are given Smiley

Electrum: the convenience of a web wallet, without the risks | Bytesized Seedboxes BTC/LTC supported
CoinDiner
Newbie
*
Offline Offline

Activity: 28



View Profile
June 23, 2012, 04:18:26 PM
 #19

Some very good questions are being asked, withholding till participation till answers are given Smiley

I agree with above poster


also BFL say theres a six week waiting time once order had been placed for a single

---           There's always 1406F40 hacks to let the light in           ---          ---            1LnfUeVBMFfXH1B8pUHjgj2CCdphtA5Ef9                    ---
yunk3r
Full Member
***
Offline Offline

Activity: 134


View Profile
June 23, 2012, 06:07:52 PM
 #20

I might be willing to participate in this. i just need some references before I send so many btc. Can anyone vouch for him or can you give some references. 
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!