Topic: [CANCELED] [GROUP BUY] Hashfast Babyjet 1.09 btc = 2.5%, serraz ESCROW. (Read 3086 times)

I'm sorry. I just was unfamiliar with how to do things as this was my first group buy attempt. Unfortunately Hashfast has just today sold out of their Babyjet. I am sorry about the disappointment. I guess I started the group buy too late and should have started when they first opened shares

ur0pl please do this properly. It is not in your or our interest to do things like this. I thought you are going to get a hero member (not necessarily John K.) as an escrow, but if serraz is your choice it is OK with me.

1) It is not right that you post (unsigned) payment address instead of the escrow.

2) Neither you or him have stated that you have sent him your passport scan with full personal details, and that he may post that here in case of any dispute. Edit: sending him your photo holding the passport will also be a good idea.

3) Neither you or him have stated refund policy, i.e.: "Refunds will be given immediately at any time before payment to HashFast is completed without the need for group buyer to explain the reasons for it."

This is an example of usual escrow statement in a group buy topic:
https://bitcointalksearch.org/topic/m.2532445
It has not have to be done to the point as John K. does, but would not hurt either. Please correct these formalities so we can proceed further. Thanks.

I'll quote your opening post in the next message for the reference.

As a side note:
ROI has nothing to do with BTC price, we invest BTC - we get back BTC, if it goes to 1.000US$ or goes back to 10US$ has nothing to do with it if we will profit or not.

Cart Subtotal                                 $5,600.00
Next Day Air Early AM (UPS):                $115.61
CA Sales Tax                                       $500.12
Order Total                                  $6,215.73


* There are 20 out of 40 shares left available at BTC1.09 per 2.5% of the total, 100%. If Hashfast sells out of their first batch before then, then the money will be quickly refunded to the investors.
* At nominal speeds of 400 gh/s, each share would be worth around 10 gh/s. Our unit will be in a 24/7 air conditioned room running at the max safe overclock speed, which might be around 500 gh/s or more. Their website says, "Designed to be overclocked for greater performance – better than 500GH/s**"
* We will mine with the unit until it is no longer profitable -- at which time it will be sold on Ebay to the highest bidder and the profits will be divided among the investors, equally at 2.5% per share.
* You will get your investment return sent to your bitcoin address weekly with a receipt.
* There will be weekly pictures of the miner with a screenshot of its hashrate posted in the forum, weekly.
* There is no hosting fee for this group buy. I have my own shares that I get enough money.
* Message me if you want my personal information to assure trust.
* We have a guarantee from Hashfast that they will give us 1.6 th/s more hash or 50 gh/s per share if we do not make ROI in 90 days off of our unit.
* This is the only one groupbuy I am conducting, so I can manage it better than people with 5 or more group buys, which is common on here. Honestly, people trust them when they have 80-200+ people to keep satisfied.


* serraz is handling escrow to purchase our unit. He is renowned member of the litecoin community. He is an op on btc-e exchange chat. He owns and maintains give-me-coins bitcoin, litecoin, and feathercoin pool with kha0s. He setup an offline wallet at 17EqnQZtfDQYKGdPesPKRzg9pQp76tzLvs because blockchain.info wallets are not safe. Make your payment to that address; then, send a encrypted private message or email message with your bitcoin address signature saying that you paid.  BTC.02 is the price included in the BTC1.09 price to cover the escrow fees. He will refund the whole BTC1.09 if the group buy fails. To be fair I am also giving him .4btc extra that is separate from any of the shares for his troubles.

* If we do not make ROI in 90 days from shipment, then Hashfast will send us 1.6th/s more in chips. From my understanding, they ship the chips unassembled. Now, we have to work out what to do with the chips. For sure we will split the profits. We could invest it in using it for other hashfast machines or we could sell the chips by themselves. For putting the chips in use for other hashfast machines, we would have to make another commitment. However, for sure, we will split the profits if we sell the chips just by themselves to cover ROI. THEY ARE GUARANTEEING ROI!!!



******* There will be a webcam setup to watch the unit 24/7 that you can checkup anytime you want. It would be like the miner were in your own home, but it would be in your monitor webcam program viewer.

Okay, I have the escrow bitcoin address wallet from serraz. It is 17EqnQZtfDQYKGdPesPKRzg9pQp76tzLvs . That is his separate offline wallet address because blockchain.info wallets are not safe right now. After you buy a share by making payment, send me an encrypted message or email telling me that you paid for certain amount of shares. I made an agreement with him that there will be .02btc going to him per share. He will refund the whole entire BTC1.09 if the groupbuy fails. However, I told him he could keep an additional .4btc that I am paying out of my pocket and separate from that for his escrow handling troubles. There are only 19 out of 40 shares left to be sold before we can buy the Babyjet.

We are sure to get enough ROI with bitcoin prices up so high recently.

Can we get serraz to confirm that he owns this bitcoin wallet address?

I'm looking forward to being a part of the this group buy.
Cheers

Okay, I have the escrow bitcoin address wallet from serraz. It is 17EqnQZtfDQYKGdPesPKRzg9pQp76tzLvs . That is his separate offline wallet address because blockchain.info wallets are not safe right now. After you buy a share by making payment, send me an encrypted message or email telling me that you paid for certain amount of shares. I made an agreement with him that there will be .02btc going to him per share. He will refund the whole entire BTC1.09 if the groupbuy fails. However, I told him he could keep an additional .4btc that I am paying out of my pocket and separate from that for his escrow handling troubles. There are only 19 out of 40 shares left to be sold before we can buy the Babyjet. We are sure to get enough ROI with bitcoin prices up so high recently.

This groupbuy is for 40 shares of a hashfast Babyjet. It is not for a cointerra unit. This groupbuy has conditions of having a weekly picture and weekly receipt as well as zero hosting fees, minus power costs. These are conditions that those other group buys do not meet. This groupbuy is for a hashfast unit, not a cointerra unit. If you want to merge group buys, then there will have to be weekly pictures and zero hosting fees and zero escrow fees. Again, this groupbuy is for a hashfast babyjet, not a cointerra unit. I personally do not believe in cointerra as a company.

This groupbuy is for 40 shares of a hashfast Babyjet. It is not for a cointerra unit. This groupbuy has conditions of having a weekly picture and weekly receipt as well as zero hosting fees, minus power costs. These are conditions that those other group buys do not meet. This groupbuy is for a hashfast unit, not a cointerra unit. If you want to merge group buys, then there will have to be weekly pictures and zero hosting fees. You say sorry for trying to steal members from this group buy, but you do so blatantly while still trying to do so. Why are you sorry for being disrespectful when you are actively doing the action. I did not go to your posts and try to steal your members. This is not supposed to be a fight, nor war, nor competition where one group buy does a takeover of another. If you want the groupbuys to merge, then offer zero hosting fees, zero escrow fees with someone well known in the litecoin community. Furthermore, your shares are overpriced given the current market conditions. Our shares are 1.08btc and lowered every time bitcoin goes up. I do not like the idea of hidden or extra bitcoin fees. I ask for transparency, which your group buy does not offer. That is not a well way to start off.

The fees will have to go back to 1% soon (gotta pay for servers ) i still think its fair tho. Appriciate your feedback on the website we spent alot of time on the pool. If you do decide to use us for hostign pleaase let me know and we can work out somethign to help your group or hosting area we are always looking for new ways to support what people want.

The BTC pool needs some love were still workign on new features to draw users

I am with you on a babyjet.  That is the original gruop buy I wanted to start and SebastianJu was kind enough to answer my questions about starting one.  I agree though with only 15 left now it would probably be too late.  

We could organize a post perhaps have Sebastian hold funds till enough are gathered.. again this would probably take too long.. we seem to be the only two interested at this time, and I do not want to waist anyone else's time.

I fear it's too late for any group buy targeting HashFast batch #1. Only 15 machines left:
https://hashfast.com/shop/babyjet/
They will almost certainly be sold this evening. People are moving too slow, and to be honest opening poster haven't exactly put this group buy into high gear, posting only once or twice a day.

I'm not a big fan of Cointerra's estimated shipping date, mid-December if I understood correctly. They are very low-risc, but you can probably get bigger reward with a bit more risk.

Too bad we can not organize one decent HashFast group buy/hosting.

Have you guys seen Ultibits group buy? What would everyone here think about merging there?

https://bitcointalksearch.org/topic/closed-group-buycointerra-2-ths-12btc-40-ghs-john-k-escrow-live-282645

Seems very professional to me and I will be living two hours away from the host and have pledged my assistance to him.  I can also host myself if there is high enough demand.

I think merging the group buys to accelerate the group buy completion is a good idea, if you can get it organized.

I will commit to 2 shares at 1.1BTC each (2.2BTC Total) under the same conditions mentioned by itod.

I will also require the organizers personal info (name, address, phone, scan of driver's license or passport), in case of fraud.
Thanks