Topic: ►► [COINSPEED] ►► Advanced Bitcoin Mining Project ► (Read 5028 times)

How could someone even buy shares here?

They already bought the hardware and were then starting an IPO? Why? Are they just generous to give away their profits?

Also they're based in Europe where energy hell isn't cheap. So even assuming their hardware would work profitable, they would be less profitable because of high energy costs.

Let this be a lesson to do your due dilligence before investing in crap like this.

I've discovered that an image they used on their CryptoStocks site depicting their recent unboxing of KNC Neptune miners, actually turns out to be a screenshot from a video that was posted on YouTube on Jun 24, 2014 by 'Zio Mik' - shown here -
http://www.youtube.com/watch?v=h1L14w98Soc&list=UUeP0VQwJE3Uqi1On45fQeeQ
- blatantly plagiarised about 21 seconds in.  Now compare with the same image on https://cryptostocks.com/securities/140

Incidently, some of the other YouTube videos also posted by 'Zio Mik' on 24th June, also turn out to be the source of plagerism by 'NANO RIGS' - also listed on CryptoStocks!

scam i guess

gladly i have "only" 50 shares

So, following Coinspeed's last announcement on the 6th August about an apparent problem raising the IPO flag and then failing to fulfil their promised **TRIPLE DIVIDEND PLUS BONUS** on 11th Aug. The subsequent disappearance of their website www.coinspeed.net along with emails bouncing back, do we simply take it they have done a runner or is there any other plausible reason?

Also, how does Cryptostocks respond to this? They're not responding to emails either!!!

Maybe "they" are still working on that IPO button problem?  Give him them time, computers are hard...


https://cryptostocks.com/announcements/3138

How about to put an example.....
Whois Info of his Domain shows his real name:
He actually is a german resident. Why shouldn t we sue this guy?
I think a federal prosecutor/police will also be interested in this info.


Here the Whois Info:
domain name: coinspeed.net
registry domain id:
registrar url: www.publicdomainregistry.com
updated date: 08-jun-2014
creation date: 08-jun-2014
registrar registration expiration date: 08-jun-2015
registrar: pdr ltd. d/b/a publicdomainregistry.com
registrar iana id: 303
domain status: clienttransferprohibited
registry registrant id: di_368573**
registrant name: matthias baumgartner
registrant organization: coinspeed gmbh
registrant street: guntzelstrasse 69
registrant city: schankweiler
registrant state/province: rheinland-pfalz
registrant postal code: 54668
registrant country: de
registrant phone: +49.6523870**
registrant phone ext:
registrant fax:
registrant fax ext:
registrant email: coinspe**@thepirateproxy.pw
registry admin id: di_368573**
admin name: matthias baumgartner
admin organization: coinspeed gmbh
admin street: guntzelstrasse 69

Of course there's are three of you--there are at least three of me us, the last time I we counted.

Just hunt responsibly...

Sincerely,
 
  ~TheNotLambchopProject

►► New 20nm hardware ►► Larger dividend payout ►►Next dividend in 2 days


In less then 2 weeks new miners will be added and our hash rate will be much higher.

20nm technology is already in full force, and we are receiving our first batch in less then 2 weeks.

New miners will be connected to our existing farm and configured in probably under 12h once they arrive.

Dividend payout per share will rise after new miners are connected.

Phase two is in progress, and the share price is still low.

Price of 0.0020 BTC per share will last until Phase 3 starts.

►► Last Day ►► Phase 2 Starts tomorrow ► Get your shares at cheapest price!

Just a reminder that today is the last day to get our shares at lowest price - 0.0015 per share

Phase 2 will last for two weeks – 15,000 shares at 0.0020 BTC

Tomorrow will be largest dividend payout until now!

Thank you all for trust!

shawshankinmate37927 - We hope that you understand that mining equipment is expensive, and there is no way we would post an exact address of the location on the forum. Also, there will be no photos with id's and such posted publicly.

We are not forcing anybody to invest if they are not comfortable.

NotLambchop - It's normal to address projects and companies with "we" since there is more then one person actively involved in the project. There are three of us that are maintaining news and updates at this time.

--------------------------------------------------------------

Update/News - July 03

Next dividend will be paid on July 07, and it will be the biggest one until now.

Just a reminder of our plans for Coinspeed project:

We plan to add at least 1 TH to mining farm every month to be certain that the project will successfully keep up with constantly changing Bitcoin mining difficulty. This will also ensure consistent dividend payout for our shareholders and keeping the project profitable for reinvestment.

CoinSpeed mining equipment:

90 x ASIC Module (Bit100) – every module gives around 175 GH/s
15 x Controller Board (Bit250)
90 x Arctic i30 Cooler (Each for one ASIC Module)

Six ASIC modules connected on one controller board is around 1000 GH/s +-5%. Using one 1200W power supply.

8 x Cooler Master V1200 (80 Plus Platinum – 1200W)
6 x Corsair AX1200 (80 Plus Gold – 1200W)
1 x Corsair HX1050 (80 Plus Gold – 1050W)
1 x Corsair CS750M (80 Plus Gold – 750W)

Switches: 4 x D-Link DGS-1008G (8-Port Gigabit Desktop Switch)
Routers: 2 x TL-WR1043ND
Internet: 100mbps download/upload

We plan to use IPO funds to reinvest in the project and to enlarge our farm with additional 20nm ASIC miners.

Thanks

How many of you made the mistake?  How many of you are typing?  Or are all of you a fan fans of the majestic plural, as I all of us am are?

Sincerely y'all's,
(and somewhat confused)
~Us.  We.  Team. "And he answered, saying, My name is Legion: for we are many."

Where at in Amsterdam?  Address?

Can you provide a pic of yourself holding a piece of paper with your handle and today's date on it, so potential investors can be sure that you're not a known scammer like Mark Karpeles, Danny Brewster, etc who's just using a sock puppet?

Lawls... So you thought you already explained, but when you looked and had not you decided that it is now information you are not allowed to disclose.

You better invest in a bulldozer to move all the bullshit you keep piling on.

Our mistake, we thought it has already been answered to you on the first page.

Information about prices of next batches will be supplied in time. We are not allowed to disclose any more information at this time.

Regards

Explain pol0x.

You are not a pro at anything, you are just a very sad, lonely and troubled person.

Yes, photo has been photoshoped - we use photoshop for resizing of pictures. But how could you know that, you are not a pro  

Original picture (from phone) - http://coinspeed.net/images/miners/20140702_140218-3264.jpg

Go wild on it kid


notlambchop - there are other photos on the first page. Regarding retail price, mining profitability etc - it on investors to decide what is profitable for them. Our next batches will be considerably cheaper then retail.

http://fotoforensics.com/analysis.php?id=c841bdbabb9ea365528d57cc783bebc59d7bd8f2.318628

Though you're going about it wrong.  The photo shows just one KNC miner.  Buying KNC gear @ retail and mining with it is also unprofitable.
The reasoning behind wishing to compound that unprofitability with third-party risks is beyond me.

Anyone can tell if a picture has been photo shopped?

I am not a pro at photo forensics but it looks like its Rainbowed to me, and that means you photo shopped it :/

http://fotoforensics.com/analysis.php?id=c841bdbabb9ea365528d57cc783bebc59d7bd8f2.318628




Photoshop
IPTC Digest   00,000,000,000,000,000,000,000,000,000,000
APP14
DCT Encode Version   100
APP14 Flags 0   [14], Encoded with Blend=1 downsampling
APP14 Flags 1   (none)
Color Transform   YCbCr

superresistant - if you have read our IPO, you would know that the hardware is already running. IPO funds will be used for new/additional hardware, and unsold shares are going to be kept for future offers

riverboatbtc - we have already asked you politely to stay away from our thread with your troll posts. But, since you are such a special case, here is a photo just for you

http://coinspeed.net/images/miners/20140702_140218.jpg

If you have anything smart or concrete to ask, we will be more than happy to answer you. However, we won't answer anything on your unproven accusations.

----------------------------------------------------

2nd dividend paid
 
Second dividends has been paid out, and there are 5 days left of Phase 1

Total dividend: 0.30224491 BTC
Number of shares: 6,127
Dividend per share: 0.00004933 BTC

In five days phase 1 will end and to award all early shareholders from phase 1 will be rewarding them with the highest dividend yet.

Thanks

He showed pictures of mining gear and a invoice, but no proof they are actually his. Just pictures no pretty little sign that says coinspeed.

It ScreamsSCAM all over.

Unless the hardware is already bough and working, you are paid only with the money from the people buying after you.
If people stop buying there is nothing to pay with.

Like we mentioned it in our thread and on Cryptostocks:
 
Market will be opened after Phase 3, and all unsold shares will be kept for later offers.


At this moment there are 4,684 shares already sold.

6 days  left to buy our shares at lowest price.

Our next dividend payout is July 02.

Phase 1 will last for 6 more days and there will be only 15.000 shares at 0.0015 BTC!

Thank you for your trust

What happens if all shares are not sold?

►► CoinSpeed ►► Phase 1 lowest price ► Only 6 weeks of IPO left


One week left to buy our shares at lowest price.

Our next dividend payout is July 02.

At this moment there are 4,452 shares already sold.

Big thanks to our shareholders for trust they showed us.

Phase 1 will last for one more week and there will be only 15.000 shares at 0.0015 BTC!

This is a classic trap, pay high div's for nothing. Then get people greedy then run, please people be wary.

shawshankinmate - project is located in Netherlands, Amsterdam area

First dividend has been paid out, and its larger than we announced. We will continue to reward shareholders as much as it's possible at the given moment. Thank you

Total dividend: 0.15999264 BTC
Number of shares: 2,628
Dividend per share: 0.00006088BTC

Where is this operation located?

c2m - Thanks for the interest and concrete questions

1) Next batches of miners are going to be much cheaper. We arranged special deal because of past sales
2) We are offering investors a way to invest in mining without buying, configuring and maintaining their own mining hardware. Looking at long term it's much better option for interested investors. 20nm ASIC hardware is already on its way.
3) Investors will break even probably before 6 months because we are planning multiple bonus dividend payouts. Constant/minimal dividend payout ensures regular payouts.
Why?
We are paying constant dividends to sold shares (number of sold shares is irrelevant in this case, shareholders will always get the same or larger payout), rest of the profits that would go to shareholders (to shares that are not sold, but issued) are kept in separated fund so we can be certain and assure shareholders that they will receive constant and regular payout every 5 days. 

6 months ROI is very short time in legit and real securities. Take a look at projects that promised faster ROI. How many did it succeed?

We tought long and hard on how to set up project (looking at other securites and their successes or failures), and we are certain that this is the best possible approach at this time.

We are also planning on adding more hash power (besides regular +1TH per month), which will keep us profitable for a long time. 20nm technology should give us even better profitability and raise of constant dividend payout.

Feel free to ask if you have any additional questions.


Tomorrow is first dividend payout day. At this moment there are 1,752 shares already sold.

Big thanks to our shareholders for trust they showed us.

@CoinSpeedProject
Hi, thanks for your offer, let me just ask some questions to clarify your offer:
1) How do you expect to make any ROI for investors, if you bought 15TH for 51k ==> 1TH @ $3400 ?
2) You are selling 45k shares @ 0,0015/0,002/0,0025btc which equals roughly over 50k @ $560/BTC ==> does it mean you are in fact selling us your overpriced KNC neptunes ?
3) You are offering roughly 0,0002556btc/share/month or 0,76btc profit for 1TH (3000 shares). Cost of 3000 shares is around 4,5btc per your prices in 1st round ==> even if your dividend stays the same every 5 days for next 6 month (it wont), I would end up breaking even within 6 month ==> why would any investor does that ? I mean I am noob in mining, but from what I have understood quickly is this is fast moving business - 6 months is too long for BE.

IMHO:
- you might increase reinvestment allocation percentage to at least 50% of revenue to be able to buy more hashrate.
- you might not be able to stay in the game over expected increasing diff jumps if you plan to add only 1TH/month - in my noob calc it is needed to increase hash rate at least 1/3 to 1/2 of total hash rate every 1-2 month to stay in the game. I am not saying I am right - just my op

Anyway, thank you for sincere reply and GL with your project!

@RiverBoatBTC
Thanks for interesting due diligence !

With "issuers" on CS going KTHXBI and vanishing, this shit doesn't fly quite as well as it used to.

But that's irrelevant.  Only an idiot would start investing in small mining operations, purchasing gear @retail, regardless of legitimacy.
Imminent speed/difficulty growth is making even large mining concerns, mining with self-manufactured miners, unprofitable.  Or, rather, profitable for the "issuers" and ruinous for the "investors."

Do not want.

Riverboatbtc - You didn't even check information on Cryptostocks listing and compared it to information on KNC receipt. We made a mistake trusting you. Now, we have done proper research on you, and its obvious that you are not person of trust. Sending of an ID to you is not an option in any way. There is no way of knowing who you are because you are hiding behind nick, whois guards and such.

Since you have your own IPO's, it seems that you are spreading false information and accusations without any proof in other peoples projects so you could market your own project and build a false trust from members who don't do a proper check on you. We have made that mistake at first.

We don't have time for your games, agendas, or whatever is that you do. Our main focus is CoinSpeed and it's shareholders, and also there is no need mentioning it, but we have regular lives, kids and family to attend to.

Please do not troll our official thread. Thread is unmoderated, because we want to be transparent.

Members - Please do your own reasearch on every project before investing in it. Don't trust other members! Your own due dilligence is a must!

Regarding our verification and legitimacy - we have done much more than most of the projects on the forum and Cryptostocks

Our verification on Cryptostocks is Premium; ID and utility bill (address verification) have been sent to CS team. Our project manager information is openly posted on our Cryptostocks listing.

You can check that here (Verification tab - need to be CS user): https://cryptostocks.com/securities/140#verification

We apologize for later posting of miner pictures and bill, but we waited for tech to prepare them for public posting (need to ensure they will not be used elsewhere for scams and such).

Bill for miners (information can be checked on Cryptostocks listing - Verfication tab)



We are being transparent as much as we can, and if you are even a bit suspicious, please do not invest. This relates to any project in any niche.

Again, please do your own research on every project before investing in it and always keep in mind that every investment comes with a risk, so don't invest more that you can afford to lose.

Feel free to contact us on [email protected] or post here if you have any questions

We would like to remind that first dividend payout is in 2 days.

Thanks

He sent me a picture of a Purchase order,

In no way did it identify him or coinspeed.

I requested pictures of him holding a I.D. and then pictures of the I.D. next to the purchase order.
If he sends those items I will be happy with his Identity and claims.

vampric - exactly. We have decided to go this way since in a long term is much profitable for shareholders.

jayc89 - we are sorry you think this way, but we are certain that with time you will change your mind.

RiverBoatBTC - we are aware that your project and mission is to unfold scams, but it's not nice to spread false information without first checking with project owners and doing your some background check.

Since members here have trust in you and your project, we think that you are the perfect person to verify our legitimacy. We have sent you order/bill for hardware on PM, so please check it out and change your posts accordingly.
















We will post pictures of KNC interface in a few days

First dividend will be paid out in 3 days.

Why no digital foot print?

Looks like a scam, smells like a scam

I am about to background investigate you, so if you have anything to hide better fess up to it now.

You're miles off the money here. There is still a profit in bitcoin mining when done right, but this isn't it. It sounds like you're running this out of a spare room, that isn't "Advanced Bitcoin Mining" by any stretch of the imagination.

Just to confirm, does this mean it doesn't matter if there are 400 shareholders or 40000, the dividend payment will always be approximately .0000426 btc per share? Or am i wrong?

Photos of hardware are being prepared, and it will be posted tomorrow. We are unfortunately still waiting for web designer to optimize them and incorporate them into website.

Show the bills & pictures of the hardware or GTFO.

Welcome to CoinSpeed - Advanced Bitcoin Mining Project

Cryptostocks: https://cryptostocks.com/securities/140

Coinspeed will focus on SHA256 mining since the profitability is more consistent and predictable.


OUR TEAM
Behind Coinspeed, there is a dedicated team that has already led a number of successful mining operations ever since the beginning of 2013. Majority of these operations had been for private use, and this is the first time we decided to offer it to the public.

Our goal is to make mining available and cost effective for everyone. Since there are many difficulties that beginner miners have to face, this type of mining operations had became more popular in the last months. We were watching the entire Bitcoin securities scene very closely since the Bitcoin boom in the late 2013. What we have concluded over time is that there are many projects available, but only a few have a capable and transparent team behind it.

Coinspeed’s main goal is to offer opportunity for people to invest in Bitcoin mining without having to invest a great amount of money, time and work in running a private project. High cost of the equipment, expensive electricity bills, need for sufficient power supplies and cooling systems are all our concerns.

Our experience in mining operations gives us the opportunity and confidence to offer you stable, reliable and trustworthy investment, with a team that has already successfully dealt with different mining issues and problems many times in past projects.


MINING INFORMATION PHOTOS HERE
Coinspeed will focus on SHA256 mining since the profitability is more consistent and predictable.

Our experience, devotion and mining knowledge combined with cutting edge 28nm ASIC tehnology makes this mining project highly effective. Our miners are situated in special rooms equiped with high grade cooling system and constant surveillance which allows us to exploit maximum mining potential of our hardware.

Mining configurations that we are using have been tested and reconfigured multiple times in past projects so we can be certain of their performance in Coinspeed project.

It’s important to mention that 20nm ASICs have already been ordered and we are expecting them in a reasonable period. Smaller ASIC chips offer better performace with lower costs.

Scrypt based mining is not available at the moment, but we plan to introduce it as soon as it becomes profitable. Hardware prices at this moment are still too high for it to be profitable long-term.

We plan to add at least 1 TH to mining farm every month to be certain that the project will successfully keep up with constantly changing Bitcoin mining difficulty. This will also ensure consistent dividend payout for our shareholders and keeping the project profitable for reinvestment.

Our current hash rate is around 15.6 TH/s (+- 5%) and our goal for the end of 2014 is at least 20TH solely from mining profits.
We plan to use IPO funds to reinvest in the project and to enlarge our farm with additional 20nm ASIC miners.

CoinSpeed mining equipment:

90 x ASIC Module (Bit100) – every module gives around 175 GH/s
15 x Controller Board (Bit250)
90 x Arctic i30 Cooler (Each for one ASIC Module)

Six ASIC modules connected on one controller board is around 1000 GH/s +-5%. Using one 1200W power supply.

8 x Cooler Master V1200 (80 Plus Platinum – 1200W)
6 x Corsair AX1200 (80 Plus Gold – 1200W)
1 x Corsair HX1050 (80 Plus Gold – 1050W)
1 x Corsair CS750M (80 Plus Gold – 750W)

Switches: 4 x D-Link DGS-1008G (8-Port Gigabit Desktop Switch)
Routers: 2 x TL-WR1043ND
Internet: 100mbps download/upload


INVESTING INFORMATION
IPO will last 7 weeks, and it will be divided into share sale phases

Phase 1 (two weeks) – 15,000 shares at 0.0015 BTC
Phase 2 (two weeks) – 15,000 shares at 0.0020 BTC
Phase 3 (three weeks) – 15,000 shares at 0.0025 BTC

Market will be opened after Phase 3, and all unsold shares will be kept for later offers.

Cryptostocks: https://cryptostocks.com/securities/140

Dividends

Mining profits will be used to pay out dividends to shareholders, for hardware reinvestment and maintenance expenses.
65% of profit goes to shareholders
25% of profit goes for new hardware
10% of profit goes for maintenance fees (electricity, surveillance, etc.)

Dividends will be paid out every 5 days and we have decided to go with constant dividend payout. This will allow our shareholders to receive equal amount of payout and accurate calculation of investment return. It doesn’t matter how many shares are sold, investors will always receive promised dividend.

Approximate payout (every 5 days) is 0.0000426 BTC per share

After the 20nm technology arrives and it’s added to farm, we will increase dividend payout per share.


CONTACT INFORMATION

General Questions
[email protected]

Mining Inquires
[email protected]

Sales Support
[email protected]

Website
http://coinspeed.net

Twitter
@CoinSpeedNet

Cryptostocks
https://cryptostocks.com/securities/140