[GB]Terraminer IV #5, Coinsortium - page 31.

soniq

sr. member

Activity: 462

Merit: 250

Quote from: jk_14 on September 03, 2013, 05:52:43 PM

Quote from: soniq on September 03, 2013, 02:34:19 PM

Quote from: jk_14 on September 03, 2013, 09:39:56 AM

Hi,
Can you write about approx. hosting costs?

I have contacted various hosting providers from dedicated colo to individuals with rented storage space. The rates vary quite considerably.

Cheapest is not always best the best option. Rates vary from .08 to .04 kwh plus miner management fees.

I have a provider selected already, but am constantly looking for better options. Will be finalizing a provider soon, and can post final costs.

Cheers

Thanks for answer
Could you provide approx. fee based on your current selection?

My first choice for hosting is $350 a month, but am reviewing some possibilities a $250 to $200 a month

soniq

sr. member

Activity: 462

Merit: 250

Quote from: manawenuz on September 05, 2013, 06:52:06 AM

I've paid for 1 Share
txid : b399ff92851c18a10c3acc208eb9b5d72c3075f9169c9e88b2e22d9ecb9de369-000

and here is my address :
1428Nbr7m3VRM5Jjg7xfS2X3bogGNujKAk

thank you.

Noted and added to OP and spreadsheet

The payment address you post is not in your transaction id, PM'd you to clarify

Cheers

manawenuz

member

Activity: 76

Merit: 10

I've paid for 1 Share
txid : b399ff92851c18a10c3acc208eb9b5d72c3075f9169c9e88b2e22d9ecb9de369-000

and here is my address :
1428Nbr7m3VRM5Jjg7xfS2X3bogGNujKAk

thank you.

jk_14

legendary

Activity: 1292

Merit: 1000

Quote from: soniq on September 03, 2013, 02:34:19 PM

Quote from: jk_14 on September 03, 2013, 09:39:56 AM

Hi,
Can you write about approx. hosting costs?

I have contacted various hosting providers from dedicated colo to individuals with rented storage space. The rates vary quite considerably.

Cheapest is not always best the best option. Rates vary from .08 to .04 kwh plus miner management fees.

I have a provider selected already, but am constantly looking for better options. Will be finalizing a provider soon, and can post final costs.

Cheers

Thanks for answer
Could you provide approx. fee based on your current selection?

soniq

sr. member

Activity: 462

Merit: 250

Quote from: itod on September 03, 2013, 03:47:12 PM

Two questions:

1) Do investors have an option to change their mind and get full refund before the money is transferred to Cointerra?

Yes, but careful consideration should be priority before placing any preorders. I have returned BTC to investors in other GB's who opted out before hardware was purchased

2) Will excess payment for shares be returned in full on the very same day when the payment to Cointerra is completed?

If share price is adjusted accordingly, there should be a small positive/negative balance. In my other GB's I am balancing share purchase payment with first dividend payment.

It just makes the work load easier if balancing the books is all done at one time

Also the positive balance can go towards other expenses such as shipping, and setup fees.

It can both ways as well, there could be a negative balance as well if exchange rates drop quickly too.

Thanks.

itod

legendary

Activity: 1974

Merit: 1075

^ Will code for Bitcoins

Two questions:

1) Do investors have an option to change their mind and get full refund before the money is transferred to Cointerra?

2) Will excess payment for shares be returned in full on the very same day when the payment to Cointerra is completed?

Thanks.

soniq

sr. member

Activity: 462

Merit: 250

Quote from: ?? on ??

1 share paid.
20cb026415de0cd624439f5785d6807c827dc3fa2258c01d31e684930123b3bc

Noted, added to OP and spreadsheet

Please send me your email and Skype user

Thank you

soniq

sr. member

Activity: 462

Merit: 250

Quote from: jeezy on September 03, 2013, 10:01:45 AM

Quote from: soniq on September 02, 2013, 05:52:18 PM

There is no escrow, such as John K, for this, correct?

JohnK has verified my identity and my details will be released in case of any defaults

Then you should have no problem with accepting John K as full escrow, to hold the coins until the miner is verified as up and running by John K. If this is no problem for you I would be happy to invest some coins into your project, sir.

And who will pay for the Terraminer, if the coins are held in escrow? this is a preorder purchase

Once miner is paid for the BTC is in Cointerra's wallet, not mine. So the question is do you trust Cointerra to deliver on time?

I have transactions in 100's of BTC in my other GB's and every transaction is transparent and accounted for on a public spreadsheet.

If you would like escrow, look at my Xcrowd GB, it is escrowed

soniq

sr. member

Activity: 462

Merit: 250

Quote from: jk_14 on September 03, 2013, 09:39:56 AM

Hi,
Can you write about approx. hosting costs?

I have contacted various hosting providers from dedicated colo to individuals with rented storage space. The rates vary quite considerably.

Cheapest is not always best the best option. Rates vary from .08 to .04 kwh plus miner management fees.

I have a provider selected already, but am constantly looking for better options. Will be finalizing a provider soon, and can post final costs.

Cheers

HeRetiK

legendary

Activity: 2912

Merit: 2066

Cashback 15%

Quote from: jk_14 on September 03, 2013, 09:39:56 AM

Hi,
Can you write about approx. hosting costs?

I'm also interested in this.

(also, electricity rates?)

jeezy

legendary

Activity: 1237

Merit: 1010

Quote from: soniq on September 02, 2013, 05:52:18 PM

There is no escrow, such as John K, for this, correct?

JohnK has verified my identity and my details will be released in case of any defaults

Then you should have no problem with accepting John K as full escrow, to hold the coins until the miner is verified as up and running by John K. If this is no problem for you I would be happy to invest some coins into your project, sir.

jk_14

legendary

Activity: 1292

Merit: 1000

Hi,
Can you write about approx. hosting costs?

soniq

sr. member

Activity: 462

Merit: 250

Quote from: Ferr on September 02, 2013, 02:51:38 PM

Miner will be in the first batch of Terraminer? If yes reserve for me 3 shares, will pay tomorrow end of day.

Contacted Cointerra and I can verify first delivery shipment

soniq

sr. member

Activity: 462

Merit: 250

Quote from: hak8or on September 02, 2013, 03:44:15 PM

Can you say if Anon is one person or many people you group together under the name anon?

The reason the investor/investors want to remain anon are exactly that

Anyways, as you said "will adjust as USD/BTC exchange rate changes as Terraminer are priced in USD.", what ticker are you using for the BTC -> USD conversion? For example, bitcoinaverage says the current average is roughly 137$ per BTC. You are selling 80 shares, each at 1.5 BTC, giving 120 BTC or currently $16,440. You said later than any excess will be returned to the purchasers, so is this conversion done at the moment of purchase?

https://bitpay.com/bitcoin-exchange-rates , share price is adjusted weekly to try and follow the price swings. Any debit/credit on share purchase is adjusted with first dividend payment

What will your timing be from moment of reviving the miner to having it up and running in the DC? A week? 24 hours?

Will be using expedited shipping to get the hardware mining as quickly as possible. I would expect to be mining within 36 to 48 hours of hardware being released from Cointerra

"management fees are 2.5 % of BTC mined after expenses are deducted.(expenses include but are not limited too, hosting, repairs, shipping, taxes)"
So 2.5% includes the expenses such as hosting and repairs? This seems obvious but I just want to make sure.

management fees do not include any expenses, they are subtracted seperately

There is no escrow, such as John K, for this, correct?

JohnK has verified my identity and my details will be released in case of any defaults

And last question, though not as serious, will you be posting an unboxing video or pictures? I am sure there are plenty who would absolutely love to see this machine and how it runs and whatnot, especially the packaging. Ok, well maybe just me about the packaging. Tongue

An unboxing video could be included very easily, I would make arrangements with hosting provider to make a video.

hak8or

full member

Activity: 172

Merit: 100

Can you say if Anon is one person or many people you group together under the name anon?

Anyways, as you said "will adjust as USD/BTC exchange rate changes as Terraminer are priced in USD.", what ticker are you using for the BTC -> USD conversion? For example, bitcoinaverage says the current average is roughly 137$ per BTC. You are selling 80 shares, each at 1.5 BTC, giving 120 BTC or currently $16,440. You said later than any excess will be returned to the purchasers, so is this conversion done at the moment of purchase?

What will your timing be from moment of reviving the miner to having it up and running in the DC? A week? 24 hours?

"management fees are 2.5 % of BTC mined after expenses are deducted.(expenses include but are not limited too, hosting, repairs, shipping, taxes)"
So 2.5% includes the expenses such as hosting and repairs? This seems obvious but I just want to make sure.

There is no escrow, such as Jhon K, for this, correct?

And last question, though not as serious, will you be posting an unboxing video or pictures? I am sure there are plenty who would absolutely love to see this machine and how it runs and whatnot, especially the packaging. Ok, well maybe just me about the packaging. Tongue

Ferr

newbie

Activity: 56

Merit: 0

Miner will be in the first batch of Terraminer? If yes reserve for me 3 shares, will pay tomorrow end of day.

baloo_kiev

sr. member

Activity: 476

Merit: 250

Bump?

soniq

sr. member

Activity: 462

Merit: 250

Quote from: baloo_kiev on August 30, 2013, 11:09:20 AM

53dc7e25c9e08fd0e64dd92a5ca8f65a5242c7eaf62701b58cebaaa043bb520a

Thanks.

Quote from: dawie on August 30, 2013, 04:48:15 AM

Excellent opportunity.
For diversity, lets get this GB rolling. soniq has an excellent track record and manages his GBs very professionally.
2 shares for me please
https://blockchain.info/tx/362e5eb883290108e91503f6166e840246f212008cfc09b6196461a1534125c8

Noted and added to OP and speadsheet

Thank you

soniq

sr. member

Activity: 462

Merit: 250

Quote from: deathmul on August 30, 2013, 07:26:00 AM

Shares will be listed on Bitfunder?

Yes, they will be listed on Bitfunder

baloo_kiev

sr. member

Activity: 476

Merit: 250

53dc7e25c9e08fd0e64dd92a5ca8f65a5242c7eaf62701b58cebaaa043bb520a

Thanks.

Topic: [GB]Terraminer IV #5, Coinsortium - page 31. (Read 62017 times)