|
Post by Admin on Sept 7, 2013 4:10:40 GMT
I notices some have been viewing from outside of ebay on our forum, so I'll just briefly describe what this forum is about: We're getting an ASIC bitcoin mining machine, a powerful one. But none of us can do it alone (at least as economically) so we're pooling together to get a machine that is economical (best GH we can for our $) and running it at one location. It'll be hosted at 20 cents a GH per month. As we progress and gain bitcoins some of us may end up getting part of a second machine. To check out the item being listed you can go here: Or rather here We need 55 sales for the first machine and you're welcome to join us in getting 20GH for $249.
|
|
|
Post by K Wilson on Sept 8, 2013 7:22:12 GMT
cointerra.com/shop/ I couldn't help but notice there wasn't a link to the product we were all purchasing. The TerraMiner IV – 2TH/s is priced far cheaper than other miners available. This beast is $13,999 and 55 x $249 = $13695. Also Hashing at 2 Terrabytes its going to do some serious mining. I'd like to note that 1 TH/s is equal to 1,000 GH/s, and that being the case we are all getting a great deal being given the amount of GH/s that we are. Also there is more than enough incentive for our Admin to do her job. She will make her money back very quickly. With a 33% return at least on every coin that thing mines. I am excited for the first few months of mining since there will not be many of these out there. The quicker this project is up and running the better for us. These coins will become more difficult as time goes on and we will get less and less. Also, there is serious talk in congress that would make the bitcoin a legitimate currency. I'm not sure what it all entails but it will absolutely add value to them, because they will be accepted everywhere. Bitcoins are going to sky rocket in price. I see little risk in this project and would start my own if I had the cash laying around. I've already post this up on my facebook and am trying to find more investors. This is a project that needs to get off the ground ASAP!
|
|
|
Post by coldbreeze16 on Sept 8, 2013 17:27:10 GMT
55*249=14695$. So the admin pays 304$ from own pocket. Including other NRE that'd be about 600$ in total. Now everyone gets 20 GH/s for one buy, 25 for 2-4 or 26.5 GH for more. Considering even max, 26.5*55=1457.5 GH. So Admin has 0.5 TH to himself, plus 4+ BTC cut each month for maintenance/electricity. If you look at it one way that won't look very fair....but in this world of cryptocurrency scams where scams involve BFL's preorder machines generating money for BFL or people "leasing" hashing power for 3,10,15 month contract....well I can't complain. The only problem is the timeline and CoinTerra's credibility. I can trust KnC miner they'll ship. ASICminer is shipping block erupters already. I was actually in talks to acquire 1-2 10 GH/s blades for 4 BTC each. My electricity is free, I'm home 19hrs/day. And the biggest part: delivery in 7 days of ordering. A lot of miners will be hashing away come November. My calculations say if this 2 TH/s machine started today, the ROI will be in 15-20 days. But by december? The situation will have become chaotic. There'll be unprecedented hashpower coming. And by February BFL will be in action too. My predictions are.....By december the ROI time will be 6-7 weeks. By March I'm not sure if even 2 TH/s can generate 1 BTC in a day (@current difficulty, it's 11.5 BTC/day). I need some more calculation before I can buy, hopefully it's not sold out by then And hopefully paypal option might be back
|
|
|
Post by Admin on Sept 9, 2013 10:58:40 GMT
|
|
|
Post by Admin on Sept 16, 2013 10:50:56 GMT
We've made our goal. The concept has shifted to now work with ongoing purchases.
If you purchase GH then we'll get the machine to match up. So if you order 50GH you don't have to worry if there's a machine coming to back it up.
I was able to pull some personal capital and with the help of the buyers we can now purchase enough GH power to cover new purchasers without worry. More devices will be purchased as well when the time comes.
|
|
|
Post by sdnoone on Sept 17, 2013 22:54:16 GMT
Hi, I am interested in making an order. Will you have the machines in late December / very early January for DEFINITE? If this is the case then I would be more than happy to join the team - but any later than early January and ROI will start to get a little thin. Great Idea by the way!
|
|
|
Post by Admin on Sept 18, 2013 0:40:18 GMT
Hi, I am interested in making an order. Will you have the machines in late December / very early January for DEFINITE? If this is the case then I would be more than happy to join the team - but any later than early January and ROI will start to get a little thin. Great Idea by the way! You may be right, it's possible later in January may be thin. But as supply and demand goes, the price will very likely go up quite a bit as supply gets harder to obtain. Well, I did order on day 2 since the month of January was open. They said I would definitely be in the first batch. So although I would love to guarantee 100%, very few things are ever 100%, I'd say we have 95% chance of early January (week 1 or 2) I also got 1 day air shipping.
|
|
|
Post by anonymous on Sept 18, 2013 11:43:23 GMT
I'm interested in as well, but i want to know if u give guarantee, that I will get money after your machines will start working.I mean, if u won't get profit from mining, would u give money back? And the second question is, what is the guarantee that u are not going to defraud me? Thanks for information
|
|
|
Post by Admin on Sept 18, 2013 22:52:50 GMT
I'm interested in as well, but i want to know if u give guarantee, that I will get money after your machines will start working.I mean, if u won't get profit from mining, would u give money back? And the second question is, what is the guarantee that u are not going to defraud me? Thanks for information Hello anonymous (I like your name), You have some great questions, and I want to help out where I can. If this was at all fraudulent, I wouldn't get my buyers to unite in a forum, provide contact information, and help in general. I'm here to help with questions and concerns. I also have great feedback and ratings from Ebay, Amazon, and half.com. I'm also going to visit one or two of my buyers in the not so distant future. I'm doing this to help where I can, if you would permit me I would like to help you too. As for guaranteeing profit. I'm not sure how that can be done. I can give my estimates, give best and worst case scenarios as I perceive them, but they are only guesses. There's hardly anything that's 100% with bitcoins. Me and several buyers believe it will be very profitable, some more in the short run, some in the long run, and some (like me) believe it will be profitable in both. Please feel free to visit the forum, check out other posts, and get a feel for how things have been with our group. I'd love to hear from you again and thank you for posting. If you would like you can also directly message me, but here is fine too.
|
|
|
Post by darksoul on Oct 30, 2013 1:19:51 GMT
I have a quick question. Is it mandatory to join this mining pool or can you use whatever GH/s you bought into someone else's mining pool?
|
|
|
Post by Admin on Oct 31, 2013 7:25:19 GMT
Hey Darksoul, The way things are looking right now, we'll all be joining a tested and reliable mining pool as a whole (all the buyers). and I'm working on with some programmers to try to get the details for each portion of the mining to each of the buyers through an online portal we're going to work on, on www.mybitcoinminer.com. None of the buyers will need to worry about creating an account, I'm planning on creating one for all the buyers with the certificate code as the initial password for now. Also none of the login information or signing in will be necessary to receive bitcoins, that will be done automatically most likely weekly.
|
|
|
Post by winterpeg75 on Nov 24, 2013 4:34:35 GMT
I'm in for 100 ghs. Hope to be up and running very soon rather than later.... lol
|
|
|
Post by winterpeg75 on Nov 24, 2013 4:39:21 GMT
Hey are we going to mine namecoins as well? I hear there is almost no extra effort needed to do so. If that is the case, it could provide an addes source of income. Just a thought.
|
|
|
Post by Admin on Nov 25, 2013 9:11:08 GMT
That would be great for anyone interested. I'm just not sure the Cointerra ASIC devices I bought would work for that since they are specifically designed for Bitcoin.
|
|
|
Post by winterpeg75 on Nov 25, 2013 23:57:07 GMT
The ASIC USB minors I have set up with another pool has the mining set to mine namecoin at the same time with no additional equipment or settings from me. Now how they do it, i'm not sure. I'm still new to all of this myself.
This is a quote from the website "With merged mining we also make namecoins with no additional effort. "
Not sure if it helps or if interested. Just tossing it out there. email me if you want the website.
|
|