Topic: [OPEN] BitMine CoinCraft 1 Th/s- January 3rd week batch-waiting miner - page 17. (Read 24367 times)

It's getting funnier day by day.
What we need here is some established miner or company with normal reputation willling to buy shares left and get some commission for running the machine.
Second thing we need is some proof of purchase from minewithmind and Bitmine.ch.

This guy is fantastic...I hope that nobody will buy last 200 shares (BTC difficulty is rising...mining must start as soon as we can and all other shipping time are only time wasted).
The GB is his and he should handle it as "agreements". With $5000+ of net profit I think this will not a problem.

The problem with this plan is that there is no way to make sure who ever buys those last 200 shares won't just make off the machine for his own benefit. 1.4 BTC would bee seen as a pretty nice deal for a TH miner.

LAST NEWS: I will send the miner to who will buy ALL last 200 shares, at the condition he will keep up the group buy

There will be no direct profit for you keeping the miner up and running. It will only cost you money in the form of the electricity bill.
Why don't you keep the remaining shares at least until the pont of the first divend payment to show us you are legit.

4) No refound, my profit is 500ghs, of mining or selling them its my choice. I'm making about 3000$ of earn selling my 500ghs.
Electricity will be around 150$/month, about 6 month about 1000$, so 2000$ of earn for me.

PM sent.

Please consider my earlier post:

If anyone buys those 200 shares at the full price, then they can have my 60 shares for the full amount I payed, 0.48. For anyone else, it's 0.24, and at that price you are doing me a favor.

Every thing will be ok guyz, please all of un-listed shares holder send me PM. About last 200 shares i decide to sell them, dont worry about, everything it's going to be ok!

Agreed.. Makes NO sense. 

I believe there is a broad consensus that such a turn of events would make no sense.
Still waiting on a public response.

So, minewithmind is going to sell 1500 shares instead of the agreed upon 1000, and also keep no shares for himself to even pay expenses.  Is that what's going on here? 

minewithmind:
There are 3 ways to go about this, speaking as a person that would love for this GB to be a real thing that is successful.

1) Announce that you oversold by 298 shares, and refund anyone that did not make the official 1000 share cutoff, either now or after hashing has started if you have already spent the funds, by my count that is everyone who sent BTC after the 4th, plus 15 shares from ryaner84 who bought on the 4th. (full disclosure: that would refund me as well)

Or

2) Announce that you oversold by 298 shares and are soliciting volunteers who would like the refund, either now or after hashing starts.
(Thus giving me a chance to stay in the game)

or

3) Change the terms of the Group Buy to give yourself a management fee of some percent, in addition to keeping the 202 shares so the GB stays somewhat profitable for you.

I am pretty certain that no one will move to buy the remaining 202 shares, because no one will trust a stranger on the Internet to operate a miner with no chance of profit for themselves.
Either take the steps necessary to save the GB or announce that there was no miner from the get go and you are very pleased with all the BTC that was sent to you. :/

EDIT: Alternative 1 should not be an offer of a refund, rather a summary refund whether the share buyer wants it or not.

I'm selling my 22 shares for 0.150 BTC. PM me if anyone want to buy my shares.

1298 shares solded, 200 shares available


This really is the funniest and saddest thing in the disaster so far.

It's basically been shown six different ways that the people who sent you money, of whom I am one, will never see any return and your answer is that you now have 200 MORE shares to sell?
ugh.

You already sold 1298 out of the total of 1500 shares, so you only have 202 shares left.
If you sell the last 202 shares who is going to pay the electricity?

Please stop selling the shares and keep the remaining ones...

I agree with this.
I'd like to believe it's not a scam and trust your initial message that you will keep 500 shares out of 1500, from which you will pay for electricity and other overheads.

If you sell all the shares and don't take a share of the BTC for yourself, then it's hard to see the motivation for you to keep the machine running very long.
You should keep the 202, and offer refunds to those that have offered to sell their shares in this thread.

I'll do, with money from 500 shares i'll pay electricity.