Topic: [SOLD OUT] Ninja Group Buy .35BTC=30GH - 30 ANTs + Day 1 Netpune [0/300] - page 15. (Read 19048 times)

Unlike other group buys, where they have to collect everyone's money up front, and then order hardware; we are buying all the hardware up front, and then selling fractional ownership. That means we start mining NO MATTER WHAT on Saturday.  Shares will still be for sale until the group buy sells out, and I will retain the unsold shares until then.

What happens if you don't sell 100 shares before Saturday? Will you keep the unsold ones for yourself? Will they be for sale after you start mining?

Please reverse 1 share.

Paid 1 share ecfb38d79b4f46194092f2fc7d8027b8bd30e61b120abf3f3262c211a5937d60

1 share

43f590b6eba081ca5869bb48aa50b1197bacac39e778f034fd8b3cfe4472aa0d

Was a typo, the keys are next to each other on the keyboard apparently. Never mind proofreading the group buy 16 times before posting, lol. Corrected. It's the 180GH S1 Antminer.

1 share

154e94240bb81c1dca5884d276dfb15155f04f02c7a1cd72d242244a0121e1f3

is the A1 different than the S1 Antminer?

1 share

c3ccc1c39393aa1559ae1c234b653beff248a8d1072c34c675962d6091e473fa

After the first 30 days, weekly hosting/management charges of USD $49.99 per unit ($4.99 per share) will be assessed to the group buy.  It includes all electricity, power supplies, cabling, cooling, bandwidth, space and management fee. No additional charge applies for the Bonus hashes. Charges will be automatically deduced from your dividends unless you choose to sign up for USD billing.  As we fill up our group buys we actually expect to be able to lower the weekly charges, particularly at the point where we switch from the cabinet to a cage.

Power isn't exactly cheap at around $ .29/kwh, but it includes cooling, rent, bandwidth - and we can scale up quickly and easily.

How is electricity factored in? Whats the rate per kwh at the data center?

They keep mining after 120 days, and so long as they generate more that they cost to operate you will continue to receive payouts.  You can also choose to pay the operating costs then in USD as a cheap/tax advantaged way to obtain BTC. If they become completely unprofitable (upkeep exceeds cost to buy BTC), we'll vote to liquidate and move to mew hardware/ payout the proceeds. Also we are going to keep our group buys structured to allow mobility (upgrade/trade in, etc) between group buys.

1 share bought

60166062b4dc17ce082d4d69287948b34cda3f33e5a2d2a652f3eeb758e640bf

thanks.

So what happens after 120 days? Will those ANTMINER keep mining? Do we get a share of future buys?

It will run until it sells out, and then we'll start up group buy #2. You'll need to rebuy shares manually, although you could automate it with a few lines of code interacting with Bitcoind RPC.

Pseudo-code

How long is this going to run? I'll have enough BTC to invest here in a few weeks. Also is there a possibility of automatic reinvestment?

+2 For balls of steel.

Heh.

He is working with live high voltage power.  The power in the datacenter NEVER goes down, even to wire up new circuits.  The space suit is to keep him (and his balls of steel) alive.

why the hell he in  a space suite guessing cos of dust free environment

CRAZY BONUS: We will add an additional 12GH to your order in the March/April timeframe when Batch 1 KNC Neptunes ship.  This means you are getting 30GH/s for only (18GH/s right away, 12GH in a few months) for just .35BTC.  The bonus hashrate cannot be redeemed for hardware, and is good for as long as you maintain your standing as a Group Buy owner, NO additional hosting fees apply.

And I'm also pleased to announce that we now have Power and our cabinet is LIVE.  Michael connected the circuits hot, he's an electrician at our Datacenter, and also a Ninja Group Buy owner.

I went down to the data center today to get my badge access and got a great tour including a behind the scenes look at the power and cooling systems.  Dual 10MW Feeds come into the facility from the power plant down the block. There's a parking lot full of air-conditioned UPS battery sheds, generators the size of school busses, and a cooling system that looked like something out of a navy ship. Basically this place is setup to never to down ever under any circumstance no matter what. We have armed guards watching our hardware on security cameras 24/7.  Nobody gets in without a badge, retina scan, and PIN.

I scoped out the cabinet space to determine what type of cabling we will require.  We are going to be running on 208V 3-Phase power for maximum efficiency, so the regular outlet power cords don't plug into the Power Distribution Unit. I picked up the needed cables and came home to find the brown truck fairy had dropped off our power supplies.





At any point you can sell your fractional hardware to another group buy member.  We are going to try to keep a parity value level amongst our group buy offerings, so that you will be able to trade fractional hardware with other owners from future group buys, including some pre-orders from companies we believe and trust in. If you own a multiple of 10x shares, then you can take delivery and sell the hardware.  You can keep paying the hosting fees and use it as a method to obtain bitcoin.  Any point (after the initial 120 commitment period) you can walk away and relinquish your shares.  We studied the recent Fincen guidance which specially allows for paying bitcoin to hardware owners when preparing this offering.

We need a good strong American alternative to Cex.io, and the Ninjas are ready to build out a massive mine to take bitcoin back from the double-spenders.