Topic: [Vetted by DZ]5 Terraminer IV's(10TH/S)[email protected] BTC-GH/s>Free hosting! (Read 4822 times)

These miners are not paid for. Essentially Cointerra made a mistake with my account so the have promised me that my pre-order will stand. That being said, December is nearly here and those miners have to be paid for or the order definitely will be canceled. All that hashing power will go to us or to some fat cat who doesn't really need it. So lets get this thing done.

OK, So DZ just contacted me. He and the other guys are overwhelmed by their current GB's so their not able to help out to much with this one. So its going to mostly be you and me. He did have plenty of advice and I'm going to adjust to said advice the best that I can. First, I am going to relaunch with a trimmed down version so I will be locking this thread and starting fresh.

Thanks,
James

When does it start hashing?  Do u have confirmation from cointerra?

Also if you have already paid for these y not just mine them yourself?

Sorry, I forgot to define what a Full Share Position is;


**Ahh... I see the why the confusion, this might help;

85 Full Share Positions @1.5 BTC-for-100 GH/s - Excepting Partial Share Positions @0.015 BTC-per-1 GH/s
Order For A 5-Pack Cointerra Terraminer IV Miner is Confirmed Reserved from Cointerra sales staff

you are in a group-buy-section and you are selling now 85 shares each 0.015 btc = 1.275 btc

5 asic-machines are bought and running with 10 TH/s?

i dont understand this 85 GH/s-selling

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**Fixed, Thanks Schwede65 for pointing that out!**

Sry Bro but the price per-GH/s looks a little to high for me ... I would love to help out but BTC is only going higher and higher and dificalty aswell. Please keep us posted on DZ or if you make any changes
Thanks

That's a good deal.  I'd sign up.

M

I haven't heard from DZ yet, so I'm just testing the waters here.

What do you guys think about 0.015 BTC-per-GH/s with free hosting?

That would be 1.5 BTC for 100 GH/s. (of course this is while the exchange rate is ~$650/BTC)

Thanks,
James

*Buy the way, we're talking about 10 TH/s for this GB. These miners are qued for an early December shipment*

*A reminder, If you buy direct from The SolarWind Mining Company Forum homepage, you get a 10% deposit credit (which will be a credit towards the next miner purchase.) You can use the form on the homepage to register you purchase regardless of whether you are using escrow or buying direct. When using the form on the homepage and you get to the "What Type Of Share(s) Are You Purchasing?" section, check-mark the 'other' option AND ENTER 'TERRA-5' in the text field.*

Sound good keep us post-it
thanks

I think that I will close this thread while I settle all the details with DZ.

We'll likely start a new thread with all the updated terms. Of course you are welcome to post any questions or comments here.

Thanks,
James

I would agree with you, but to me my program is a no brainer. Faster turn-around means more hashing power working at a lower difficulty level means more bitcoin in my wallet, duh. I am not attempting to be rude here, just pointing out that different people approach things from different perspectives. There should be options for all kinds of interests and not just for a single perspective,

I m think'n summt'n long duh lines ov a de-cent-tro-lized soshal stuck-sure, no wot im sa'n?

But as I implied, you guys are in charge here and I'll take your advice seriously. If I have to wait (uugh) longer to get a chance to prove that my approach will work to increase profits, I will... well.. uhmm... (choking up here)... wait...

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DISCLAIMER: All silliness should be ignored! This individual is suffering from SEVERE LACK OF SLEEP due to many weeks, days, hours, seconds and microseconds of intensive devotion to The SolarWind Mining Company project. This individual has been found unconscious on numerous occasions, apparently asleep with his head lying on   th  ee   keyy boardjkjfa;jkllzzzzz zzzzzzzzzzzzzzz zzzzzzzzzzzzzzzzzzz zzzzzzzzzzzzzzzzzzzzzzzzzz zzzzzzzzzzzzzzzzzzzz zzzzzzzzzzzzzz zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz...

I think people want a no-brainer investment. I invest X USD/BTC, I get X GH/s
Complexity (even just reinvestment) screams scam to even advance users.

A DZ Terraminer GB could be very successful
Just remember KISS (Keep it simple, stupid) http://en.wikipedia.org/wiki/KISS_principle

My 0.001 BTC

DZ and I have discussed how we will work together for this GB and what we are basically planning to do a 50/50 split on the hashing power, but this is not set in stone atm. We will likely have bobsag3 host the rigs with the normal hosting fees that your used too, although, I have offered to host the rigs for free (minus electrical costs and such) since that would be the same arrangement you would have if you just bought straight from me. I would do this because, as I see it, we all share the cost in our own way. You provide your BTC and I provide the labor and management. I will only provide the free hosting if 50% of all shares are invested as Shares in The SolarWind Mining Company. So as it stands it looks like we will split the buys between the two different methods of profit sharing. That would be the usual X GH/s for Y BTC, and the auto-re-investment method that I offer, but that is all up to you guys. I would rather see the hashing power go to us humble little miners than see it go to one of the big corporations who don't really even care about bitcoin.

So this is your chance to vote on how you want to invest you BTC. Either way you get to make your BTC and maybe I get a chance to show you all that I am serious about this and take a few baby steps towards building a positive rep.

I hope you all benefit from the hashing power that I have brought to you, no matter how this all works out.

Thanks,
James

There is no GH/s he wants to reinvest with the money mined and pay you back some time in future.

please post clear numbers for the folk

what to pay for the performance of?

e.g. 100 $ for 50 Gh/s

when does the mining of the rigs start?

WOW! BTC@$900 on mtgox

I was thinking about your reply and was coming in here to post the same thing pretty much.  I don't trust anyone to reinvest money for me.  I think I would like to determine that on a case by case bases.  If you are able to convert this to a DZ group buy then that would be quite nice.  I'm very interested.

And I from you as well,

Thanks!

Very reassuring, thank you. I stand to learn a lot from you.

I am listening to each of you, I hope that you will do the same for me as well. I am rather enjoying the dialogue and the opportunity to become better acquainted with those in the Bitcoin community, which I intend to become a major part of (it has become a major passion for me.) I think that I have become somewhat obsessed with my project and sometimes put too much effort into the wrong areas. I hope to improve my communications and the way that I express my ideas to you. It is a new roll for me but I am willing to learn from you guys as much as I can, and again, I hope that you may learn a few things from me and my unconventional way of thinking. I often have a hard time expressing my thoughts in a way that is easily understood and I come across as being somewhat odd at times so I am counting on you guys to help keep me straight.

And by the way smooth, I found the facepalm comment rather amusing.  Just so you understand, I am very determined to be part of this community and not in any small way, so maybe I am pushing a little to hard. What can I say? I just think I can make a real impact here and I want to make it happen.

I have been negotiating some details with DyslexicZombei so that we can offer all that hashing power to you guys in a manner that you feel more comfortable dealing with. I am not offended by any cautiousness on your part because I thoroughly understand your point of view. I am just very eager to participate in a meaningful way, maybe that eagerness has come across wrong. But I'll correct that, with your help, the best that I can.

I am willing to jump through a few hoops and receive the hazing that you guys have in store for me, within reason of course, if it means that I can gain your trust and respect.

That's honestly what I want, I believe that I can contribute my best asset to the Bitcoin Movement and that asset is my unique perspective. I truly want to be a positive influence on this amazing moment in human history.

I will let you know what kind of agreement DZ and I come up with as soon as we iron out all the issues.

So, until then lets keep the dialogue going!

Thanks,
James

Mr. President: Please prove that you can walk, let alone sprint. And please listen to your potential customers.

Start-ups have to reconfigure everything every day to get where they are going. GB's not quite so much.

I would be willing to buy in to a fraction of these Terraminers' hashing power now. I trust you that much.

If it all worked out, by which I mean maybe we start hashing and get some returns or maybe we don't even start and you refund us honourably...

...then you will have proved to me that you can toddle handsomely

Facepalm.

I agree, that's why I created the BROI ROO HPC, it is essentially a standard GB with the added feature of automatic re-buys for new mining gear. Doing it this way provides the GB members more buying power and a faster turnaround in increasing the groups hashing power, in other words there is far less of a delay between increases in hashing power for the participants. This means that the equipment is gets ordered, delivered and is hashing its guts out within the earliest possible time frame. And that means that the members of the GB have their BTC investment working more efficiently by taking advantage of difficulty levels a little sooner than usual before it rises. Sometimes that wont be by much of an advantage but the effect should compound into greater returns than average for participating members of the GB.

That's my focus, that's what I will do, all I ask is that you let me do it for you.

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Hi,

This signed message is to confirm that user SolarWindMiningCompany has contacted me, Dyslexic Zombei (DZ), for free

vetting services. While I am not an ID expert, I do have a background in Information Security. While my services are

free, they are the most stringent vetting requirements that I am aware of for this forum.

I can confirm that I have what appears to be this user's ID and address on record, and that he appears to be a well

intentioned Group Buy Coordinator.

Cheers,
DZ

-----END PGP SIGNATURE-----

If its such a great deal why don't you just do a standard group buy?

Maybe you have great ideas for innovative mining business models but you really need to get a loyal following before you can pull that off. Otherwise it is a bit much to ask for people who don't know you to wrap their head around your "big ideas." Start out with something more familar then do the innovative stuff later. My 2c.

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Updated Profit projection for 5 Terraminer IV's from The Genesis Block Mining Dashboard! Now showing almost a 200% profit in 6 months time!
Can we really let this opportunity pass us by?? Will we???

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I am very sorry that this is your impression, its very disappointing and highly frustrating, especially when I have put so much effort into this. Previously I was told that I did not offer enough details, perhaps I went overboard to compensate. All of the documentation is intended to offer full disclosure and to do so as thoroughly as possible.

I will give you a simple bullet point explanation for this particular GB which is a BROI ROO HPC.

This is the relevant information,

• Once the total funds needed to purchase the hardware has been raised, the equipment is purchased
• Once the hardware is delivered it is installed and put into operation
• Once the total generated BTC reaches the break even point that amount is used to purchase the next round of hardware
• Every member of this GB receives the same number of shares in the next round of hardware automatically, this is a turn-key-based system
• All of the additional funds generated by the original hardware is dispersed to all Share positions bi-weekly, i.e. you get paid your share every other week
• This cycle is repeated for as long as it is profitable to do so
• There will be an option to sell your Share position in the future if you so choose to do so

I truly want to offer everyone a really great opportunity to make more from their BTC investment than with a normal GB and I am willing to work very hard to make that happen. I have been working at this project for about two months, day and night often neglecting other duties because it is important to me to make it successful. I haven't earned any wages, nor have I received any other compensation for my efforts. But I am not complaining, I do this willingly because I believe in what I can do for each of you who choose to partner with my company. I really am asking that you give me the opportunity to work for you because I believe that my efforts can benefit us all.

Please, if you this is not an adequate enough explanation, please feel free to ask for clarification and include specifically what it is you wish to know or need better explained.

I'm sorry, but I read your Investment program, terminology/definitions and details and my eyes just glaze over.  I consider myself to be a fairly bright guy, but I must say that after reading it I have no more of an idea of what your program entails than before I read it!  Why is it so complicated and confusing?  
I must say that it appears to be a wonderful "cover your butt" document to avoid paying out anything.

Not sure this even belongs here as a GB.
I cannot imagine anyone "investing" in this, but I do wish you luck.

To make it a little easier I will post The SolarWind Mining Companies Investment Plan and the Details On Outlay per Share - How You Get Payed here.

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Terminology and definitions:

Double Return On Investment (DROI) - Meaning implied

Hardware Purchase Cycle (HPC) - The buy-in period preceding the purchase of specific hardware. The intended hardware to be purchased may change due to price and availability changes. The changes could be positive, such as new hardware is available sooner, or is cheaper, more powerful or all of these. OR, changes could be negative, and due to failure of the manufacture to produce the hardware in a timely manner, scams, ROI on hardware intended to be purchased is no longer possible or will take far to long to be feasible, hardware price increases and additional funds are needed or a number of other unknown factors.

RollOver Option (ROO) - Re-investment options.

Overages - Amounts above the selected target amount.

Simple Version - The Contract holder chooses their payout amount (see details for each Contract Option.) The funds deposited are Rolled Over (re-invested) according to the ROO terms chosen by the investor until the chosen target amount is met. If there are overages (amounts over the target amount) then the overage amount is converted into BitShares.

     ROO Options:

• *NEW OPTION* Basic Return On Investment (BROI) - The initially generated funds up to the purchase amount of the relevant HPC will be RolledOver into a new HPC. Every BROI ROO HPC funds the next BROI ROO HPC, this cycle will continue for as long as it is profitable to do so. Each investor involved in a BROI ROO HPC will automatically be given new Share positions in this following HPC. All additionally generated funds will be outlaid to each Share position in the relevant HPC after the next BROI ROO HPC has been funded. This is a HPC specific option and will not apply to all HPCs and all other RollOver Options are excluded from any BROI ROO HPC
• Slow Return On Investment (SROI) - This is a long term investment option. There is less risk involved and it resembles a more traditional invest strategy. There is no commitment to DROI but a target amount is selected. Target amount will range from 105% to DROI (200%). Target amounts can be changed at any time, lowering the target amount will take two HPCs to take effect. 15% of profits are outlaid biweekly and 85% of profits are RolledOver until target amount is met. After the target amount is reached and the funds outlaid, any overages are converted into BitShares. There will be bi-weekly dividends from the hardware that the funds were used to purchase and 35% of the dividends are converted into BitShares and the rest of the funds are outlaid.
• Quick Return On Investment (QROI) - Short term profits option. Funds are at higher risk. There is no commitment to DROI but a target amount is selected. This option offers a quicker return and the Target amount will range from 150% to DROI. Target amount can be changed at any time, lowering the target amount will delay the outlay for two HPCs if the new target amount has already been met.  There are no outlays until the target amount is reached and no dividends after the target amount is outlaid. Once the target amount has been outlaid the contract is complete, there are no further returns on the investment unless there are overages that have been converted into Bitshares

Hold for contract ORDer (HORDer) - An order to hold BitShare investment funds for the purpose of buying a Contract (*Now Available For All Share Positions*)
     HORDer Options:

• Hold investment funds and ROO profits until sufficient funds from deposits or profits have accumulated to purchase the chosen Contract
• The number and type of Contracts can be chosen in any combination

BitShare:

10% deposit bonus - The 10% bonus is not part of the ROO but is added to the outlay.

• Price - Any amount deposited under 0.5 BTC is considered a BitShare purchase
• ROO Options - BitShares have a compulsory ROO target amount of 0.5 BTC, higher ROO target amounts can be selected. The target amount can range from the compulsory target amount of 0.5 BTC to 200%. Target amounts can not be changed. Once the target amount is reached the funds are outlaid or converted in a Contract
• The investor may also select the option to have BitShare deposits placed on HORDer
• The investor can have funds that they have deposited into their BitShare account split into whatever combination they choose including having newly deposited funds credited to an existing HORDer

Standard Contracts:

• Price - 0.5 BTC
• Options - ROO

Founders Contracts:

• Price - 1.5 BTC
• Options - ROO
• Additional Outlay For Founders Contracts - Adds a Share dividend that outlay's of 25% of company profits divided between total Founders Contract Shareholders Founders Contract holders will also have exclusive access to additional investment opportunities.
• The sale of Founders Contract positions is for a limited time only

Visit this link to learn How To Purchase Shares

I am instituting an escrow account with SabastianJu for funds that are designated for hardware purchases. The funds deposited in the escrow account must be in multiples of 0.5 BTC.  All funds deposited into the escrow account will be considered to be Standard Contract purchases unless the Founders Contract terms are met. Any overages (amounts under 0.5 BTC) or deposits under 0.5 BTC will be converted into BitShares.

Note about the change The SolarWind Mining Company Investment Program: For those who have already made an investments, the terms that you originally agreed to will still be in effect. Even so, the BitShare terms have not changed to any significant degree. If you leave things as they are, or decide to use the new format it will not really change the outcome of your payments. You may keep the DROII option on your future Standard Shares or Founders Shares.

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    There are several things to consider and a careful judgement should be made as to whether or not you can afford the risks involved in investing in bitcoin and its related industries. Risk should be assessed while keeping in mind whether you can afford to lose the funds you are intending to invest or if a particular investment has greater risk than you are willing to take. Make sure you understand that things can go wrong, even for older and well established companies, and nothing is guaranteed. Despite SolarWind's efforts to safeguard investment funds, we can not be held responsible for things that are out of SolarWind's control. Things that would be out of SolarWind's control include, but are not limited to; a manufacture that overstated its claims about it's hardware or isn't able to provide what they had promised, SolarWind being the victim of a scam, products being damaged, going missing or stolen during shipment, hardware delay's, natural disasters acts of governments, the value of bitcoin, the failure of the bitcoin economy or it's network, hacking, theft and a host of other risks that are completely unknown.

     If you only have a small investment, then higher risks are often necessary to realize sufficient profits unless you have a long term strategy. If you want to earn a quick and respectful profit then you will likely have to except the risk that you will lose your investment in part or entirely.

     If you want to build a nest egg for the future, then investments that offer slow returns are safer. It may be best if you invest in proven and well established investments. SolarWind is a start-up investment company, although we have the best of intentions, there is more risk involved when investing in any start-up.

     If you are considering investing with SolarWind, you should be aware that if you choose the slower, long term investment options, you are not likely to earn much more than you would with any other investment company that has already been proven reliable. If you do choose to invest in SolarWind's slower returns options, your investment funds will likely be safe because we use the majority of investment funds to purchase mining hardware. So there is a tangible product that has been proven to produce returns for investors, namely the mining hardware, that you will be able to rely on. As long as Bitcoin mining is a profitable venture, your risk with SolarWind as a start-up is only slightly higher than anywhere else.


     If you choose to invest in SolarWind, know that SolarWind will invest in you, and thank you for your faith and trust in us.

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The cornerstone of the growth model for Share profits is the concept of the RollOver investment. What this means in regards to Share values is that rather than basing dividends on hashes per Share, dividends are based on profits divided by total BTC invested (tBTCi). Total BTC invested includes all of a Shareholders RollOver funds. To make the math easier I will use as simple of an example that I can:

Note: This example is only intended to illustrate how Share outlays are structured within The SolarWind Mining Companies Investment Plan, it is not intended to represent any expectation of the actual value of returns on your investment. Predicting the returns on an investment in bitcoin mining is vastly complicated and many of the variables involved cannot be predicted with a reliable degree of accuracy, so do not use the numbers in this example to make your investment decisions.

Before reading this example, make sure that you read The SolarWind Mining Companies Investment Plan to avoid any confusion by the terminology.

20 Founders Contracts (FC) purchased for 30 BTC and 140 Standard Contracts (SC) are purchased for 70 BTC for the given HPC -  Total BTC invested (tBTCi) in the HPC is 100 BTC

Assume an amount of 25 BTC in profits and the first RollOver is due

For this part lets assume that all Shares are SROI ROOs, so the re-investment amount is 85% and the dividend is 15%

85% of 25 BTC is 21.25 BTC which is called the RollOver Share (RolOSha) and the remaining 3.75 BTC is the OutLay Share (OLaSha)

Both the RolOSha and the OLaSha are divided by the tBTCi of the original HPC in which they were purchased so that we can get the per BTC invested (pBTCi) ratio amount for each

So, for the given HPC

We calculate the RolledOver Share Amount-pBTCi (ROpSAm-pBTCi) by dividing the RolOSha by the tBTCi which gives us 21.25/100 BTC and the result of 0.2125 ROpSAm-pBTCi

Then, to calculate the Outlay per Share Amount-pBTCi (OpSAm-pBTCi) we divide the OLaSha by the tBTCi which gives 3.75/100 BTC which equals 0.00375 BTC OpSAm-pBTCi

We now have the figures needed to calculate the RollOver Credit per Share (ROCSha) and the Dividend per Share (DipSha).

Remember, the Price per Share (P-perSha) of a Founders Contract (FouC) is 1.5 BTC and the P-perSha for a Standard Contract (StanC) is 0.5 BTC

First we will figure the Founders Contract-ROCSha (FouC-ROCSha) by multiplying the FouC-P-perSha by the ROpSAm-pBTCi wich gives us 1.5 BTC x 0.2125 ROpSAm-pBTCi or a FouC-ROCSha of 0.31875 BTC (This amount is invested into the next HPC)

The Founders Contract-DipSha (FouC-DipSha) is found by multiplying the FouC-P-perSha by the OpSAm-pBTCi which gives us 1.5 BTC x 0.00375 OpSAm-pBTCi or a FouC-ROCSha of 0.005625 BTC (This is the OutLay per Founders Contract)

And we do the same for the StanC-ROCSha, 0.5 BTC x 0.2125 ROpSAm-pBTCi for a StanC-ROCSha of 0.10625 BTC (This amount is invested into the next HPC)

StanC-DipSha, 0.5 BTC x 0.00375 OpSAm-pBTCi which equals a StanC-DipSha of 0.001875 BTC (This is the OutLay per Standard Contract)

Just thought that I would make a comment about an observation that I have made and how The SolarWind Mining Company is different. I have seen in some threads that shares have been oversold for some group buys. This wouldn't happen with SolarWind. If you make a deposit and you miss the current HPC you are automatically place in the next planned HPC so there is no concerns about missing an opportunity. Additionally, if your investment is sent to the next HPC you wont have to worry about the GB getting funded because earnings from the previous HPC will almost certainly cover the cost of the following HPC. That's just one of the many benefits of becoming a partner of The SolarWind Mining Company, we take some of the work and worry off of your shoulders and handle much of the process for you!

Hello and thanks for your questions,

The payout system is rather different than the normal GB. Rather than buying a limited amount of hashing power, the investor is buying a percentage of total returns. There is a very good reason for doing it this way. The SolarWind Mining Company takes a portion of generated Bitcoin and re-invests it into purchasing more mining gear, so it is not possible to say that you get X-amount of hashing power per BTC because the hashing power will increase over time. Additionally, the normal way of figuring your ROI will result in a continuous decline in profits from your investment. It is the intention of The SolarWind Mining Company to create a ROI that will eventually stabilize into a more consistent and long-term profit level for each investor. The short answer is that you will receive a percentage of the mining profits base on the total of your investment. I have many options to choose from so check out the details on how shares work and how you get paid on the company forum.

The SolarWind Mining Companies Investment Plan
Details On Outlay per Share - How You Get Payed


The order still needs funding but I have a special arrangement with Cointerra, they have assured me that my order would be valid up to the day of shipment. That's what I was told by 2 separate representative of Cointerra. It's really great to have such an early position in the December order que!

How many GH/s does each founder's share provide?

-Adeel

is this paid for ?
How do you have a Aug 30th order on hold for this long ?

I'm confused.  How much hashing power does each contact get?

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