Topic: Avalon batch 3 group buy (Read 953 times)

Hi, all,
Avalon batch 3 have still in stock
I have 12 BTC and an order on hold with Avalon batch 3 for 3 module unit 76.46 BTC unit.
@ the moment I'm ruining a FPGA bitcoin mining (3 Ztex quadra, just get from here 4 Enterpoint Cairnsmore1 ) and GPU litecoin mining rig with 4 HD 7850) in my company office . The electricity is flat rate of about 0.09 USD here in Bulgaria.
I was wondering if we can make this investment together.

Terms:
Dividends will be payed monthly to the Bitcoin address you send your original investment with. (Make sure you can both send and receive Bitcoins from this address!!)
Before dividends are divided up and payed, electricity costs (~.09 Kwh), a 3% hosting fee, and the pool's fee (yet to be determined) will be taken out of the net profits.
Dividends will be paid proportionally according to each investors initial investment [investing 1 BTC in a 75 BTC ASIC gets you 1/75 of the profits (after subtracting electricity costs and a 3% hosting fee).]
If there's not enough Bitcoins collected to buy an Avalon ASIC, then all funds will be immediately refunded to the address with which they were sent.
If I collect enough funds for more than one Avalon, then I will purchase however many the group fund can afford.
Any left over funds collected will be refunded to the last investors in line. Unfortunately, those investors left out will not receive any portion of dividends (for the amount they were refunded), but nonetheless will be refunded 100%.
I will use this thread to keep investors updated for now, until a better solution is determined in the near future.


How to invest:
Minimum investment is 1 Bitcoin
Send your investment to 12DNdacCtUZ99qcP74FwchaCPzeDL9Voff
Reply with the Bitcoin address you are sending from and the total amount you are investing.
I will confirm in the OP that you have payed and reserved your shares in the group buy.