Topic: ATTN Newbies who want to try ASIC mining (Read 514 times)

That sounds like a reasonable offer and I appreciate that. I'll PM you in a moment!

Matthew,

I am willing to put money in your hands.  I trust you will live up to your word.

I'm setting up the Mt. Gox account to handle all this.  There will obviously be 3 to 5 days of various money changers delaying operations until I have actual, real BTC to send you.  I'm hoping the market rate does not change too much in the next few days.

I am prepared to offer you 1.5 BTC @ 10 shares for a total of 15 BTC.

This matches the best price you received on your auction and fills your entire order.

Tom

Awesome...

Good question, haven't gotten the bill yet after running the ASIC, was considering just paying it myself if it's cheap enough, or just discussing a solution with the people who purchased. I'm far from impossible to work with, if anything naive for being overly generous.

Also good question. I'm behind 3 security doors in a house in the middle of the country. Pretty sure a surge protector would handle the unlikely event of a surge.

Forever. Until it explodes into a million pieces on it's own.

Let's answer this and all other profit related questions in a single swoop: No one owns the rig but me, and I have no obligations to do anything other than keep my word to divvy out percentages of profits (which will be handled insanely transparently). Any income from that rig will be given out, even if it is from selling the rig (which wouldn't happen unless 100% of the people who bought recommended it to me).

Nothing life threatening, nothing worth mentioning, but still needs to be paid for, and just to dispel rumors before they start, no it's not to make my eyes look more Korean.  


Because that's how much I need for the surgery. You're welcome to make a counter offer with explanation if you'd like.

If you have a generally bad opinion of me, you haven't read *enough* posts or talked to the right people, or you value the opinion of people who've never worked with me or transacted with me at all over those who have for some reason. For example, the news says that Bitcoin is only used for drugs and child porn, so it's true, right?

If you believe that, then it'd also be reasonable to assume that I'd be insane not to learn from my mistakes quickly (given the steepness of the curve of learning necessary for survival).

I spent a lot of 2 years worried about keeping from breaking promises while making promises I couldn't keep. That's one of the most important lessons I learned last year especially. I'm not interested in doing anything that requires you to work hard to trust me. You either do or you don't. There are plenty who trust me with much more than those ASICs are worth in a heartbeat.


Ask people who actually know me, not people who have never even worked with or performed transactions with me if you want a proper opinion. It's true that I have always enjoyed life (http://www.youtube.com/user/BitTalkTV) but it's also true that I've never stolen anything from anyone here and always worked double time to make up for mistakes. Again, you either trust me or you don't.

Thanks for the honest questions!

Not to be extraordinarily obtuse but....

1) I saw the graphic of electricity cost.  Are you charging your entire electricity bill toward the ASIC mine or prorating it by some equation?  If the former, why and what is it now?  If the latter, what is your current bill and will the ASIC mine be given the lowest won/kWh or some higher rate?  I ask because once past the initial purchase, electricity will be the driving cost.

2) This is a physical asset in a real location.  What security measures are you taking both for physical security and to protect the ASIC mine from line voltage surges?  How long do you intend to live at your present location?  What is your plan if you need to relocate?  How long do you intend to operate this ASIC mine?  If you decide to sell it do the profit sharing members get a corresponding share of the final sale price?

3) Without being too impolite or personal, what kind of medical emergency?  No, I don't want a note from your doctor.  Consider this to be more a polite inquiry into your health with the undercurrent of self-interested concern that reflects a potential investor wanting to reassured that you are not about to die shortly after receiving said investment.  H7N9 is cause for alarm; a broken arm is of interest; an ailment that does not preclude you from setting up ASIC mine is no concern of mine.

Finally, why 2 BTC per 1% share?  The weighted average paid by your present investors was 1.355 BTC per share.  The 147% markup for the "Newbies" seems a bit much especially given your stated desire:

"I feel that even at a potential loss for myself, this will be an important step in restoring a trustworthy reputation on this forum and allowing people to see that I am seriously committed to changing my odd behavior of the past."

I have read entirely too many posts by you, about you and about your activities here.  You seem to be experiencing a pretty steep learning curve.  As you note, many members here have strong opinions about you.  What is telling is that they seem to be evenly split between "ass hat" and "mischievous kid".

Now I have to ask myself, can I (and the rest of the newbies) trust you with upwards of $2500?

What would you recommend?

Newbies,

First and foremost welcome to the forums (unless you're a spambot in which case IPSUM LORUM IST RABBLE RABBLE RABBLE),

I had previously sold half of my Avalon Batch 3 ASIC here, but is my understanding that newbies (at least those in newbie jail) cannot participate in that auction. Due to a somewhat medical emergency for me here in Korea (no, I didn't get into a fight with Kim Jung un), there is a need to let go of up to 10% more of my ASIC.

In fairness, I have already contacted both current shareholders and previous auction bidders, and their offers will take priority, but if there is someone here who thinks they missed out on participating in ASIC mining or wanted to give it a shot, the offer stands.

I'm offering 10 units worth 1% of profit sharing each. You can purchase 1%~10%, it's up to you. I am offering the units for 2 BTC per 1% profit sharing. Feel free to ask your questions here or PM me although most questions have already been asked and answered in the above linked auction thread.

Also, please understand that there never have and never will be any guarantees when it comes to ROI for mining. Bitcoin may crash and burn tomorrow and it might also go back to $250/BTC. Understand the risks before bothering, or else don't participate!

This offer is for the next 24 hours only.

Timer removed. End time: 2013-04-21+22:11:00