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Topic: [ON HOLD] CoinTerra - 1 BTC/12 GH/s, NO FEE! - page 2. (Read 3111 times)

full member
Activity: 184
Merit: 100
Updated thread after CoinTerra's pricing release.
Currently in talks with DyslexicZombei for escrow.

Please note that I may decide to purchase only 1 TH/s if less than 800 GH/s are reserved in two weeks. I am confident that I will be able to offer the same pricing, in that case.

Let's get the ball rolling!  Smiley
full member
Activity: 184
Merit: 100
9 shares reserved, 141 shares available!

Please read the "lowdown" below and reserve your shares immediately.
CoinTerra's 2 TH/s miner currently costs $13,999 with shipping targeted for December.
I figure I'll go big or go home on this one., and escrow through BTCrow WILL BE USED, through DyslexicZombei as an affiliate.

Shares will be sold in 12 GH/s increments, 1 BTC / 12 GH/s. At this time, 150 shares will be available for a total of 1.8 TH/s, with a limit of 25 shares, 25 BTC per person.

At current market price, that means a purchase will be made when ~120 shares are reserved and paid, I will take up the remaining cost up to $1,500 USD.

If you are interested in buying shares, please post in this thread and format as such:
|username|#shares|

Code:
|username            |# of shares (141 remaining)
|noodle73            |1
|slob                |1
|Choadmeyer          |1
|hannibal42          |1
|mrMIGHTY            |5


The "lowdown":

- 150 shares available for 1.8 TH/s total mining output. 25 shares / 25 BTC limit per person.

- I host and monitor the mining card personally, you pay no hosting fees for my electricity costs. Most likely this means in my home, which is fully air conditioned/heated. To offer hosting the miner in a commercial space, I would be forced to charge hosting fees.

- In return of zero fees, roughly 90% cost of this miner will be paid by the shares that I sell which equate to compensate for my hosting services. I will pay the remaining 10% or up to 12 BTC / $1,500 of which will be paid to BTCrow.com through DyslexicZombei.


- Escrow is currently an issue being worked on. I want to be able to offer full escrow for this purchase through DyslexicZombei. He already has photos my state ID/myself and I intend to throw down a decent chunk of $$$ up to $850 as collateral tied in with my 10% of the purchase, however I am unable to offer more.

- I will manually process payments proportional to your mining shares to your specified bitcoin address bi-weekly.

- At 4 months, 0 days of ownership, or 16 weeks, I will reserve the right to re-evaluate my costs and terminate any shares for a flat payout of 0.66 BTC / share or sell the ASIC Mining Device and award revenue from the sale proportionally based on shares. In this case, your ROI is almost guaranteed, even if I buy out your shares, as long as you are able to make 33.3% of your ROI in 4 months time.

- Low investment cost means low risk, pay 1 BTC for a 12GH/s share...spend as little as $120 (current btc-e.com price), to ensure that you lose no more than $120.  

- 12 GH/s hosted mining costs 1 BTC, all upfront, total, no extra fees.
- 24 GH/s hosted mining costs 2 BTC, all upfront, total, no extra fees.
- 58 GH/s hosted mining costs 5 BTC, all upfront, total, no extra fees.
- 116 GH/s hosted mining costs 10 BTC, all upfront, total, no extra fees. I think you get the picture.


Any questions? PM me or post them in this thread.

Why should you trust me? Because I'm all over the internet and I have a reputation to uphold:
http://www.heatware.com/eval.php?id=71378
http://hwbot.org/user/beepbeep2/
http://www.xtremesystems.org/forums/member.php?106217-BeepBeep2
http://www.techpowerup.com/forums/member.php?u=82952
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