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Topic: LTC group buy! - page 2. (Read 2894 times)

newbie
Activity: 42
Merit: 0
December 09, 2013, 04:03:41 AM
#35
Just some ideas that need clarifying before you take peoples' money.  Smiley

Do you have backup power supply, internet etc? Physical security?

Is a share for a time limited or until the machine dies or is voted to sell?

I'd suggest much lower shares, to give people without much coin a way to join in. Perhaps one share 0.01BTC for 1/200th part of each machine. You would probably get some people putting in 0.1BTC or more.

Or price shares in $ so it's clear what is being spent (all in fiat), and patrons can look-up an exchange rate they like.

As you appear to be a relative newcomer, can I suggest you use an escrow account until you have enough to purchase a machine, and have your identity registered


 wow chill!
I do have power backup AND redundancy. This is a server room I'm using. Its located next door to me it has a doorlock and alarm system and its own ac.
I'm gathering peoples opinions so I can build a good rig, when I start the group buy I'll surely add all the details about the rig setup, server room and whatever else you need.

Will sell shares when I start the group buy, probably in € or BTC and Will have escrow.
newbie
Activity: 42
Merit: 0
December 09, 2013, 03:50:41 AM
#34
Everyone,
 
As for costs/dates/setups etc:

atm I'm thinking core rig is
Motherboard
Asrock X79 Extreme4 (7x PCIe slots)

GPUs
5x VGA ASUS RADEON HD7770 1Gb DDR5 DVI DisplayPort - HD7770
(option to add 2 more)

Other components to be revised

Costs I'd say roughly 2000$ (max 2250$) per machine, initial investment is 1 machine

Dates: All I need is people interested imho ASAP should be the date!
I'm going on holidays so I have a lot of dedicated time to put to the rigging!
(aka NOW)

NOTE the setup is NOT final, It's still a work in progress and subject to changes. . .
 
No this is wrong. Spending too much for the motherboard. Like I said go for the R9 280. The point is to get more hash for less money.

like I said, not final but the MB is only 180€ and some models of the r9 GO up to 600€
legendary
Activity: 2674
Merit: 2965
Terminated.
December 09, 2013, 02:02:59 AM
#33
Everyone,
 
As for costs/dates/setups etc:

atm I'm thinking core rig is
Motherboard
Asrock X79 Extreme4 (7x PCIe slots)

GPUs
5x VGA ASUS RADEON HD7770 1Gb DDR5 DVI DisplayPort - HD7770
(option to add 2 more)

Other components to be revised

Costs I'd say roughly 2000$ (max 2250$) per machine, initial investment is 1 machine

Dates: All I need is people interested imho ASAP should be the date!
I'm going on holidays so I have a lot of dedicated time to put to the rigging!
(aka NOW)

NOTE the setup is NOT final, It's still a work in progress and subject to changes like HD 7770 for R9 280 (for example)
No this is wrong. Spending too much for the motherboard. Like I said go for the R9 280. The point is to get more hash for less money.
sr. member
Activity: 397
Merit: 250
December 08, 2013, 10:28:10 PM
#32
Would be interested in a small share. $200 or so.
hero member
Activity: 560
Merit: 500
December 08, 2013, 09:24:09 PM
#31
Just some ideas that need clarifying before you take peoples' money.  Smiley

Do you have backup power supply, internet etc? Physical security?

Is a share for a time limited or until the machine dies or is voted to sell?

I'd suggest much lower shares, to give people without much coin a way to join in. Perhaps one share 0.01BTC for 1/200th part of each machine. You would probably get some people putting in 0.1BTC or more.

Or price shares in $ so it's clear what is being spent (all in fiat), and patrons can look-up an exchange rate they like.

As you appear to be a relative newcomer, can I suggest you use an escrow account until you have enough to purchase a machine, and have your identity registered.




newbie
Activity: 42
Merit: 0
December 08, 2013, 08:50:47 PM
#30
So investors need 10 BTC?

I would be interested if a smaller investment.

What!? NO!

2000$ ~ 2BTC (max)

FULL investment!

If 2 people were to invest it would be 1BTC each and so on....
full member
Activity: 177
Merit: 100
December 08, 2013, 08:44:10 PM
#29
So investors need 10 BTC?

I would be interested if a smaller investment.
newbie
Activity: 42
Merit: 0
December 08, 2013, 08:00:43 PM
#28
Update:
How much does the electricity cost in your area?
Do not buy 270 cards, get r9 280.


Quote from: jduartedj
My power value is 0.13 per kw.h so in 24h 0.13*24 = 3.12€/day ~93.6€ per month ~ 3-4 LTC

Stinky_Pete,

I had realized that already, I'm probably going for 5 cards with 2 psu.
This post is exactly for probing the possibilities and finding the best investment!

I also voted investment Tongue but people are too skeptical.

Everyone,
 
As for costs/dates/setups etc:

atm I'm thinking core rig is
Motherboard
Asrock X79 Extreme4 (7x PCIe slots)

GPUs
5x VGA ASUS RADEON HD7770 1Gb DDR5 DVI DisplayPort - HD7770
(option to add 2 more)

Other components to be revised

Costs I'd say roughly 2000$ (max 2250$) per machine, initial investment is 1 machine

Dates: All I need is people interested imho ASAP should be the date!
I'm going on holidays so I have a lot of dedicated time to put to the rigging!
(aka NOW)

NOTE the setup is NOT final, It's still a work in progress and subject to changes like HD 7770 for R9 280 (for example)
legendary
Activity: 2674
Merit: 2965
Terminated.
December 08, 2013, 07:50:13 PM
#27
How much does the electricity cost in your area?
Do not buy 270 cards, get r9 280.
member
Activity: 70
Merit: 10
December 08, 2013, 07:45:46 PM
#26
I'd be interested in a GPU group buy..depending on costs and setups.
hero member
Activity: 560
Merit: 500
December 08, 2013, 07:38:15 PM
#25
Actually, I voted to invest in developing an ASIC. Imagine the royalties...  Smiley
hero member
Activity: 560
Merit: 500
December 08, 2013, 07:35:11 PM
#24
I might go for some shares in a GPU set-up. Depends on price of course.

I fold and can give you some free advice. Don't bother with trying to get 6 or 7 GPUs running, those rigs never last and need continuing baby-sitting. Create two 5 card machines if you need to. Your main outlay should be on the GPUs and their power supplies; board, processor, memory and HDD are not critical. Consider systems with dual power supplies feeding the cards - that may work out cheaper than a big PSU. There is a lot of information around from when people ran Bitcoin mining on GPUs. Make sure the GPUs have lots of space and fans nearby to supply cool air.

The room the rig is in will get hot. Take this into account.
newbie
Activity: 42
Merit: 0
December 08, 2013, 07:13:23 PM
#23
Any one else interested in a group buy GPU rig for LTC or an investment in such rig?
newbie
Activity: 42
Merit: 0
December 06, 2013, 10:13:24 AM
#22
jduartedj

Because of the realtive low cost of the rig.  You might want to come up with a way for people to invest.

For example break the $2000 cost into equal shares, offer them to the community, might consider a purchase limit because a single person can easily pay for it.

I am always looking to diversify my investment, even if its extremely small investments.  Have you ever ran a group buy before?

I have realized that that is not the issue. I' using this post to gather as much information about the best group buy format to run.
Everything from the RIG to the target investors should be considered.

It's true I haven't ran any group buys before but I have participated in group investments in the past for other projects.

I have an ongoing Group Buy Post with a different format but as far as I have gathered only a small group is interested in this open format and that might cause it to drop before deadline.


Quote
unlimited free electricity but fixed 450€ per month as rent.

SR,

imho that is much more expensieve than my ~93€/month and might cost as much as renting some data center space. what about Internet connection? I have it free since it's shared with my home connection and it doesn't need much bandwidth.
legendary
Activity: 2142
Merit: 1125
December 06, 2013, 09:34:13 AM
#21
jduartedj
Because of the realtive low cost of the rig.  You might want to come up with a way for people to invest.
For example break the $2000 cost into equal shares, offer them to the community, might consider a purchase limit because a single person can easily pay for it.
I am always looking to diversify my investment, even if its extremely small investments.  Have you ever ran a group buy before?

I'm thinking about doing a group myself. I can afford a place with unlimited free electricity but fixed 450€ per month as rent.
full member
Activity: 123
Merit: 100
December 06, 2013, 08:55:59 AM
#20
jduartedj

Because of the realtive low cost of the rig.  You might want to come up with a way for people to invest.

For example break the $2000 cost into equal shares, offer them to the community, might consider a purchase limit because a single person can easily pay for it.

I am always looking to diversify my investment, even if its extremely small investments.  Have you ever ran a group buy before?
newbie
Activity: 42
Merit: 0
December 06, 2013, 07:59:52 AM
#19
Making a possible scenario at the previous post update 181 + 109*7 = 994€ for the core of the Rig, say added cooling, box, CPU, RAM, power supply might manage this rig at ~ 1500€ give or take.

as for hashing speed will be looking at 150 kh/s (up to 200kH/s) per card making this 1.05 Mh/s machine
with a power consumption of ~110W per card, thats 770 for cards only let say 1000w for the rig

My power value is 0.13 per kw.h so in 24h 0.13*24 = 3.12€/day ~93.6€ per month ~ 3 LTC

(correct me if I'm wrong here)
My hashrates revenue calculation atm gives a 0.0005 per 10kh/severy 15min so 0.002LTC/h *100 = 0.2LTC/h *24 = 4.8 LTC/day
that is about 144 LTC/month (5040$ atm),take the power ~140LTC taking the rig investment(~2000$) profit 2900$ first month running

Factors not considered here: difficulty increase, LTC value increase

do you agree with this scenario?

I can have the rig on-line next weekend supplier is stocked. Or even... more than 1. I can do 2 or 3 at the same time if there are funds for them.
newbie
Activity: 42
Merit: 0
December 06, 2013, 07:44:18 AM
#18

If you are limited to 5 or 6 GPU per motherboard, it won't work.

what do you mean? is there a hard limit or software limit?
legendary
Activity: 2142
Merit: 1125
December 06, 2013, 07:24:08 AM
#17
That a very good course of action for the same price you can buy 2 cheap rigs that produce more, but what about the power cost? will it consume more power? If it does, is the increased cost worth the production increase?

The GPU consume most of the power so no diff.

109€   VGA ASUS RADEON HD7770 1Gb DDR5 DVI DisplayPort - HD7770
218€   ASUS - R9270-DC2OC-2GD5 R9 270 2GB DDR5 DVI/HDMI

HD7770 should be cheaper.
R9 270 is a HD7850. Way too expensive.

There are also some R9 that go as far as 600€

Too much.

As for slot what about this? http://www.fullcompass.com/product/393427.html
pcie slot expansion?

If you are limited to 5 or 6 GPU per motherboard, it won't work.
newbie
Activity: 42
Merit: 0
December 06, 2013, 06:34:56 AM
#16
Fuck the expensive 6-7 GPU. It doesn't work, it's not in stock and the prices are crazy.
Go for a cheap 5 GPU mother board. I used this one : ASROCK A55 DEL 45€ with a cheap CPU AMD A4 X2 3300 30€
See if you can buy them from your place.
You can fit 5 GPU like HD 7770. They are cheap right now, check the prices. I found some for 72€.


That a very good course of action for the same price you can buy 2 cheap rigs that produce more, but what about the power cost? will it consume more power? If it does, is the increased cost worth the production increase?

Update

Here are a few local prices:

109€   VGA ASUS RADEON HD7770 1Gb DDR5 DVI DisplayPort - HD7770
218€   ASUS - R9270-DC2OC-2GD5 R9 270 2GB DDR5 DVI/HDMI

There are also some R9 that go as far as 600€

As for slot what about this? http://www.fullcompass.com/product/393427.html
pcie slot expansion?

Also found this locally:

181€ Asrock X79 Extreme4 (7x PCIe slots)
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