Topic: [open] PLEY Designs LLC hosted group buy 0/120 0.5 btc per share, 2TH/s machine (Read 498 times)

PLEY Designs is starting its first group buy with the following product in mind.

TerraMiner IV – 2TH/s, Machine (Early January Batch)    $5999  

https://cointerra.com/product/terraminer-iv-2ths-networked-miner-january-batch/

Next Day Air Shipping $300

Total Cost of Machine:   $6,299

Estimated power usage 2400 watts (if overclocked)


120 Shares at 0.5btc each. Gives approximately 17GH/s per share  
(May raise or lower depending on exchange rate at time of purchase.)  (Current Price is without Escrow Fees.)
If the price does change, and there is an excess of btc then it will be distributed evenly amongst the shareholders. - the fee's for returning.
If we have more than 120 people interested, then we will put the additional shares towards an additional machine.

Escrow is unknown and and when we do any and all escrow payments will be charged whatever fee we are charged for the service.  AKA 5-15% escrow fees.  So doing escrow will only be if people push for it as we are a real company and have been long before bitcoin was even in our day to day.

What this means is that if you do desire to utilize an escrow service, you will be paying the fee yourself in order to utilize that service, rather than forcing everybody to use it

Payouts will be as such:   (Total Bitcoins Mined * 10% "Can change due to profit versus power usage" We will notify 1 payout cycle in advance if the percentage versus the cost needs to change and we will provide valid reasoning.  We give 1 full payout cycle for you to sell your share or do as you please with it.) = Our Fees for Power / Management.    Remaining 90% is split evenly among the 120 Share holders.  Share holders may have up to 50% of their returns applied to more machine purchases. (This is so that people do not feel like they will be getting ripped of on any future purchases, and ensures that they see a return, AND profit within this group buy.  Once the project has gone through, and things continue to move smoothly, then we can start talking with individuals pertaining to whether or not they wish to start placing 100% of their return towards the next buy.)
   Each share holder will have to sign off.  Current share holders will get a 24-72 Hour pre-notice about any future group buys we start to allow Share holders to be the first to buy in. And only current share holders will see discounted pricing pertaining to future equipment should it become available, and only during that "pre-notice" time will that price be available.  Pay outs will be every 2 weeks on Sunday Evening.  First week will not count towards the every 2 weeks.  First payout will not be until 2 complete weeks have passed and than that following Sunday will be the first payout. So if the miner arrives on a friday, the 2 week period will not start until the upcoming sunday.  And the first sunday applies to whenever it falls within.  Arrives on a monday, then it waits until sunday to start the 2 week period, only increasing the amount of payment issued for that first segment, none of the payment is being witheld, its just waiting until that time has elapsed.


We will also be providing 24/7 Web Cam of the room which the machines will be in.  (No guarantee on uptime but we will do our very best to keep it online 24/7.)

We will be providing a wallet ID to track via blockchain.info for each machine that the share holder is involved with.  This wallet ID will be the way share holders may track how much the machine they are on has made.

The machine will be placed on a network with redundant internet. (150 mb cable internet line and 45 mb celluar NYSE network model)

We are also working on our Magic Miner Gui which yes today is only a launcher, but with profits from group buys and donations to its production we will move forward with making it the one program no crypto miner can live without.  This Gui will someday be how our share holders connect in to their accounts as well.  So pay attention to its development and you will see how the new "Pro" version which we are working on will benefit share holders too.  The more we bring in with Group Buys and Donations to the development will speed along the time line.  More donations and profits from group buys means more man hours we can spend on its development, because we all know programming man hours aren't cheap.  (All share holders will receive the Pro version when it is finished to a complete version no matter the outcome of the "Crowd Funding" for that project.)

The shares are completely refundable until the order is placed for the machine.  You may sell/transfer your share/s 1 time (in the life of the share not the share holder) before the machine has arrived.  After machine has arrived selling/transferring shares is allowed at most every 2 weeks after payouts.  You may not sell or transfer your shares between the time of the machine arriving and the first payout.  This is the only blackout period for this option.

When the machine has been deemed "Near end of profit life" by a majority share holder vote (AKA 51% of votes "Each share is 1 vote" or in the case of a tie PLEY Designs LLC will be the tie breaker) which will be held every 30 days starting on the 61st day of the miner being operational unless the current bitcoin difficulty is over 2.5 billion during the first 60 days.

Voting will work as such.  Polls will be open for up to 96 hours after an initial email is sent about the poll.  You will receive an email every 12 hours until your votes have been counted in the poll.  Voting can pertain to if we should overclock the machine, switch to a different crypto coin to mine, or sell the machine all together with the same profit split as the standard shares.

Disclaimer stuff we need to add:  We are not responsible if the hardware company decides to go bankrupt or decides not to ship or for any reason outside of PLEY Designs LLC's control we do not receive the miner or parts there of.  This also includes if the bitcoin market falls out and bitcoins go down to being worth only $1 or less.  Bitcoin mining is listed as being a hobby.  Yes it is a hobby which you make loads of money on or it may be something you don't even make your money back on.  This being said all share purchases are at your own risk.  Yes we at PLEY Designs LLC have a very good track record with our client's and do not take being ripped off lightly.  We will fight with any and all legal actions we have at our disposal if "hardware manufacturers" decide to go south on us.


Right now we are currently setting everything up and getting prepared to launch this.  If there are people that are interested, in any way, especially if you are 100%, then any questions, concerns, and notes of interest can be posted here, publicly OR via email at [email protected]

We look forward to hearing from you!

Bryan (Cresky)