### GRIDSEED Group-Buy Shares - Forum Added for Buyers ### - page 3.

arbitrage001

legendary

Activity: 1067

Merit: 1000

Quote from: thy on February 18, 2014, 02:18:58 AM

Quote from: arbitrage001 on February 18, 2014, 01:53:55 AM

A few question.

1) Do you live in China?
2) How do you pay the supplier?

He lives in Tulsa, Oklahama, USA as far as i know or somewhere close to that city.

Last I check, they only ship to China address and don't accept foreign bank wire/tt.

y3804

sr. member

Activity: 406

Merit: 250

Need some honest answers here.

How can you prove you're not going to scam all the shareholders? I mean, you *could* run away with 64btc and call it a day..
Where are these ASIC scrypt miners located?
ETA on when we will receive the miners? In 5 months? when?
How do you plan to pay? It's $35K USD, please don't lose it!

thy

hero member

Activity: 685

Merit: 500

Quote from: tripppn on February 17, 2014, 11:44:02 PM

So what happens when the units are no longer profitable?

These units, 5 chip models from Gridseed will be profitable for a very very long time.

The chip itself seems to be rated at drawing 0.44 w at standard speed so 2,2w for the 5 chip model

These 5 chip models is rated at 300kh/s(possible even 350 kh/s without any oc as the 1 chip model make 70 kh/s) and the 5 chip model only draws 7 watts(1 chip model 1.5 watts or less) or possible even down to 5 watts per 300-350 kh/s. So something like 14-23 w per Mh/s compared to GPU's that may in most powerefficient setups may be drawing 250-285 w per Mh/s so 11-20 times more powerefficient than GPU mining scryptcoins.

thy

hero member

Activity: 685

Merit: 500

Quote from: arbitrage001 on February 18, 2014, 01:53:55 AM

A few question.

1) Do you live in China?
2) How do you pay the supplier?

He lives in Tulsa, Oklahama, USA as far as i know or somewhere close to that city.

arbitrage001

legendary

Activity: 1067

Merit: 1000

A few question.

1) Do you live in China?
2) How do you pay the supplier?

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Bought 10 million shares. Make me happy please Grin

fasbit

sr. member

Activity: 425

Merit: 253

Quote from: tripppn on February 17, 2014, 11:58:08 PM

So why use cryptostocks? Why not just do a normal gb here?

1. The main reason is I am building GPU scrypt farm. Many people dont have $180 to buy one complete unit, but they have .03 BTC to kick in....they can still join in, without buying a full increment. From there, I am the defacto Manager for these people.

2. Image if someone wanted to buy .000001 BTC worth in a GB...haa... no way...but they can do it on CryptoStocks.

3. Once mining starts, I have an easy method to pay out. I drop in the money, and it sorts it out for me...based on dividend.

4. It allows the gamblers in on some action... when I turn lose the IPO flag its like a feeding frenzy.... the speculators love it...pump. pump.. no GB can offer that excitement...personally I dont care for all that craziness, but they love it...and those guys help raise money....so I welcome them...

5. This IPO has at least 200 people involved... try that with a regular GB...

6. Built in vote system

/fasbit

hasher87

hero member

Activity: 686

Merit: 500

Quote from: tripppn on February 17, 2014, 11:58:08 PM

So why use cryptostocks? Why not just do a normal gb here?

more transparent, i guess?

oh damnnnn i miss bitfunder/btct lol

tripppn

hero member

Activity: 756

Merit: 500

So why use cryptostocks? Why not just do a normal gb here?

ManeBjorn

legendary

Activity: 1288

Merit: 1004

That's the best way to do it as it usually keeps your business going as well. Upgrading and keeping going makes sense usually as you and your investors continue to get income.
I just got my first 9900 shares.

Quote from: fasbit on February 17, 2014, 11:54:52 PM

Quote from: tripppn on February 17, 2014, 11:44:02 PM

So what happens when the units are no longer profitable?

We put it up for a vote.
Options would include: Sell them and upgrade.... is usually best choice....

fasbit

sr. member

Activity: 425

Merit: 253

Quote from: tripppn on February 17, 2014, 11:44:02 PM

So what happens when the units are no longer profitable?

We put it up for a vote.
Options would include: Sell them and upgrade.... is usually best choice....

tripppn

hero member

Activity: 756

Merit: 500

So what happens when the units are no longer profitable?

fasbit

sr. member

Activity: 425

Merit: 253

Quote from: primeblock on February 17, 2014, 10:58:58 PM

Quote from: fasbit on February 17, 2014, 05:56:17 PM

Brought to you by Fasbit.

ASIC Scrypt Mining Is Here. Don't get left behind.
We are buying 200 Gridseed Miners. Want to join us?

Going to have to keep an eye on this, seeing as you guys are only a few hours from me makes it easy to hunt you down if you rip everyone off Wink

Seriously, good effort thought, look forward to this will see how it evolves and where you guys go with it.

What are you facilities you guys are using, your own or some of the big guys up there TierDirect and Tulsa Connect have some nice facilities up there full replicated last I remember.

If you do no mind me asking what experience do you guys have with handling this, see you are looking for some net-eng help is your experience more on the business dev side or the technical side.

200 miners is a good healthy start, have you factored power/cooling requirements, scalability etc etc maybe I can lend some helping advice to you on that end just because your psuedo-close...although ok compared to texas might as well be alaska according to us Wink

Lots of exp wtih GPU... working on the scaling out issue...
I estimate half of the units will be sold as hardware... so only 100 units to deal with...
We are in Philtower... Just a big office bldg
I have extra AC load alrady due to GPU servers....
these thing are ice boxes compared to GPU
I just need help...in general....
My exp is business side...

primeblock

newbie

Activity: 29

Merit: 0

Quote from: fasbit on February 17, 2014, 05:56:17 PM

http://static.wix.com/media/170cdd_cda04a15a9be4464b0c1b9969ea1c5bd.png
Brought to you by Fasbit.

ASIC Scrypt Mining Is Here. Don't get left behind.
We are buying 200 Gridseed Miners. Want to join us?

Going to have to keep an eye on this, seeing as you guys are only a few hours from me makes it easy to hunt you down if you rip everyone off Wink

Seriously, good effort thought, look forward to this will see how it evolves and where you guys go with it.

What are you facilities you guys are using, your own or some of the big guys up there TierDirect and Tulsa Connect have some nice facilities up there full replicated last I remember.

If you do no mind me asking what experience do you guys have with handling this, see you are looking for some net-eng help is your experience more on the business dev side or the technical side.

200 miners is a good healthy start, have you factored power/cooling requirements, scalability etc etc maybe I can lend some helping advice to you on that end just because your psuedo-close...although ok compared to texas might as well be alaska according to us Wink

ManeBjorn

legendary

Activity: 1288

Merit: 1004

Very cool.
Thanks for the info.
I finally can use my small DVC collection to buy something with.

Quote from: fasbit on February 17, 2014, 10:06:08 PM

Quote from: ManeBjorn on February 17, 2014, 09:46:41 PM

When do yo go live with your operation?

We have FAS already up and running. It is scrypt mining operation.
This ASIC chip is all new and I have to place an order to get a delivery date.
Once the chips get back here to Tulsa, then we start shipping and mining.
My guess is 4 weeks after we place the order.
Once we sell out then everyone will be free to sell and trade shares.

FAS Link: https://cryptostocks.com/securities/87

/fasbit

fasbit

sr. member

Activity: 425

Merit: 253

Quote from: ManeBjorn on February 17, 2014, 09:46:41 PM

When do yo go live with your operation?

We have FAS already up and running. It is scrypt mining operation.
This ASIC chip is all new and I have to place an order to get a delivery date.
Once the chips get back here to Tulsa, then we start shipping and mining.
My guess is 4 weeks after we place the order.
Once we sell out then everyone will be free to sell and trade shares.

FAS Link: https://cryptostocks.com/securities/87

/fasbit

ManeBjorn

legendary

Activity: 1288

Merit: 1004

When do yo go live with your operation?

fasbit

sr. member

Activity: 425

Merit: 253

Quote from: MakuSoto on February 17, 2014, 09:13:02 PM

I like the speed of this GB! I'll take 1 million shares please, how many gridseed units will this entitle me to at the end?

1 Mill = 1 BTC = ~$650 = ~4 Units

MakuSoto

newbie

Activity: 182

Merit: 0

I like the speed of this GB! I'll take 1 million shares please, how many gridseed units will this entitle me to at the end?

fasbit

sr. member

Activity: 425

Merit: 253

Quote from: iglasses on February 17, 2014, 08:18:29 PM

You sold .000001 shares to 2 million individual people?

Not really... just the 2 million shares... who know how many different people...
but that number just jumped to 4 million

Topic: ### GRIDSEED Group-Buy Shares - Forum Added for Buyers ### - page 3. (Read 6197 times)