Topic: [Group buy] Cointerra May batch gauging interest in this. $3/GHS (Read 807 times)

I have it all planned out the users who are interested in doing something like this we will be setting up a skype group chat. auto payout and merged mining would be negotiated to be used to re-invest or used to daytrade and get those amazing dogecoins or something.

But yes depending on the people who show interest in this and are actually looking to throw some money toward a rig lets go. I have also considered a KNC miner as well its a little bit more pricey but its 3TH I just dont want to make this some ridiculous group buy where everyone can own 1% of this mining hardware I would like to see some nice even numbers to simplify everything. Like 4 people each person owns 25% of the hashing power of course excluding the 4% taken out to an address for electricity and maintenance costs.

It would be equally shared and just seems like a fun project to do with a few people. Since the group can brainstorm other profitable investments.

I've ran previous group buys for USB hardware but this would be a unique project of its own.


Well me personally I think that calculator is cool but looking at it and well I really do not believe we'll see the difficulty go from 6900m to 12373m

I have been mining since late 09 - 10 I enjoy it its a fun hobbyist thing and you feel pretty accomplished when so far every peice of hardware I have owned from GPU to FPGA to ASIC I have seen them all bring me a ROI within 3-6 months regardless of difficulty. At that point your reward is a hardware that will continue to payout if it gets that bad however this is why I would like this to be equally owned so it would be a group decision. Also another reason why I'd like to only do anywhere from 1500-3k on one of these cointerras so I need 1 - 3 more people to actually make this happen and look into investing with me.

I can't say this without it being nothing more then my speculation but anytime I do invest I plan on profiting off of it one way or another not to loose money. I really only need 1 other person to start this but am willing to expand.

The autopayout feature there is nice for the BTC, I assume the merged mining will also be split and distributed somehow?

If i look at this http://mining.thegenesisblock.com/ it says that it wont BE in the first year. Am i missing something? Or do you think that this is profitble?

I am i bit of a newb but i just dont understand why so many people buy al these rigs here

Well if we split a unit 1000GHS will cost $3000 USD minus 4% out of the total 100% capacity of the miner for the costs in hosting it. It would be a may pre order as you can see here http://cointerra.com/product/terraminer-iv-2ths-networked-asic-miner-may-batch/ I more then likely will just buy one for myself if I dont see anyone interesting in essentially sharing a unit.

What do you estimate the $/GH to be and what would you expect the delivery date to be?

Thanks!

Reserved

I would be hosting the unit maintenance fee would be a flat rate of 4% to cover electricity

Essentially what I would like to find is another person who would like to split costs 2 ways on a unit or if multiple people are interested can purchase more units. I do not want this to be a large group buy no more then 2-6 people it will be hosted at ghash.io since I would like to represent the pool I work for and would be by far easiest pool to setup for something like this plus were 0% fee and can even do if agreed on a re-investment strategy with portion of mined coins.

Each user will of course have read only access to the ghash.io pool to keep track of it. I will exchange contact information with each member. I would like this group buy to be equally owned between the users who show interest, and auto payout feature will be used to send payouts to each group buy member.

If this sounds like something you'd like to do send me a PM or post a reply here.

I am ready to start with half the cost of a 2TH cointerra rig personally which is about $3k USD I can raise and lower this bar depending on the amount of people who gauge interest.

If you read this I'll be available on my live chat https://messenger.providesupport.com/messenger/1uoc3p9crrxk91j4dy0gygjjqn.html and we can discuss real time and maybe get the ball rolling sooner then later.

I am also up to other suggestions on this particular kind of group buy.