Hi All,
Stinky_Pete and I had some discussions off thread yesterday and decided that the bitburner fury does indeed offer some attractive possibilities. Firstly, the estimated shipping start date for these is the first week of October (although we don't know yet if they can realistically achieve this) and as we all know the earlier we start the better with difficulty increasing as it is; secondly, as jlsminingcorp had an order with burnin for bitburnerXX hardware we could place an order for bitfury burners yesterday that would be processed in a separate queue to public orders potentially securing an earlier delivery (*see below); finally, there is the potential that the bitfury burners will have a quite competitive hashrate (the quoted range is 40-80GH/s, but apparently burnin has had one chip in his test rig hashing at 4GH/s over the weekend - see
http://asic-hardware.com for info). CryptX the distributors have stated that they will offer a 100 Euro rebate on the order if the board does not reach a hashrate of 64 GH/s. As such, we decided to take the initiative and place an early order in for a bitfury burner using funds from jlsminingcorp and Stinky_Pete (
http://s2.postimg.org/moagal7e1/furyburner.jpg). Please note that the "discount" on the order refers to the amount refunded for one bitburnerXX and so the total cost of the miner including VAT and delivery was 872.79 Euro.
*Quote from cryptx, who supply the bitfury burners "All orders made by Bitburner XX customers in the first 24 hours after launch will be placed in front of the public queue. This means your order will come in front of public orders even if public orders are made at
www.asic-hardware.com before you." Our order was placed within this period.
We propose to offer this bitfury burner as the next component in our group buy, based on 20 shares** for the component (at 0.5 BTC per share) to the group in the same way as other components in this group buy, the only difference being that this component is already ordered and comes from a different supplier. The bitburner fury will become component 7 of the GB (in place of H-board #6). Those who have already contributed to the collection for H-board #6 will be given the opportunity to switch their contributions to the bitburner fury collection, wait until we are collecting for H-boards again or to have their contribution refunded. All other terms and conditions set out in the OP will remain the same. In particular, please note that we will still distribute any mined BTC in the way stated in the OP: "BTC mined will be distributed to group members in proportion to the number of shares that they own and the number of coins mined by the miner (the miner is defined as all hardware components in this group buy that are actively mining) since the last payment.""Payments will
only be made to group members who have shares in components that have been delivered. Payments will
not be made to group members who have shares in components that have been ordered, but not delivered." This means that if the bitfury burner arrives before the starter kit then group members who have contributed to this component will begin hashing first, but other group members will benefit from better GH/s/share when the components that they have contributed towards come online. I think that everybody should benefit from this.
Since the bitfury burners are estimated to start shipping in two weeks,
we will only hold the collection for the bitfury burner open for a short time (until 9:00 GMT on 24th Sept 2013). If there is not enough interest by this time then jlsminingcorp and Stinky_Pete will run the bitfury miner privately outside the group (any shares contributed to the bitfury burner at this point will be transferred to H-board collections or refunded depending on the wishes of the contributors).
** We reserve the right to amend the maximum number of shares if there is a sudden, significant drop in the BTC price. This is to ensure that we are able to cover the fiat cost of the miner. If we have to do this then those who have already contributed shares will be given the opportunity for refunds. If the bitfury burner does not achieve a hashrate of 64 GH/s and cryptx refund us 100 Euro, as part of their hashrate guarantee, this will be distributed to those who contributed to the collection for the bitfury burner as a dividend when we receive it.
I hope this is all clear. If you have any questions then please post here.