Quote from: torepia on November 10, 2015, 11:05:25 AM

Quote from: armedmilitia on November 10, 2015, 02:36:00 AM

Quote from: carlosmnk on November 09, 2015, 11:14:37 PM

Well, i think there is not the same buy a % of an SP-50 than 30 avalon-6. In the first case, we need to make a system to do multiple recipients. Buying 30 avalon-6 we can do it simple:

1.- We must buy entire miners (1, 2, 3, 5). With that we can hash with it where we want (and change it every time we want). And at the end, we can assign 1 miner to every one. And the miners configuration could be individually.
2.- We pay the miners as a group, so every one pay an escrow (the same) to make the deal with de seller. This escrow pay the seller the entire purchuase.
3.- We can buy the PSU as a group, and pay for them as a service. At the end, we can sell them as a group. As before we can pay an escrow to make the PSU deal.
4.- We pay the hosting as a group, so we do the same with the hosting fees. If we pay month by month, we can make the payments to the escrow, who make the last pay to the host.
5.- And finally, we can do more things if every one is happy... Grin

What do you think?

I like that way. Then we aren't even selling shares in some sort of entity, you will have control (and ownership) of your own miner. However, we shouldn't pay month to month for hosting, as that will drive our hosting rate pretty far up by a huge margin! I was thinking we all go in for a 6 month term, then we can see whoever wants to stick around or sell their hardware.

Instead of using an escrow agent like ognasty we could do 5/6 or 3/4 multisig with the largest reputable participants in the group buy holding the keys. We save the escrow fee that way.

Well, that's that then. I think we have this whole thing planned out. It looks like we have considerable interest in the plan as it stands now.

We still have a little bit of ground to cover before we make this thing happen:

Negotiate an actual cost for the PSUs.
Figure out who will hold keys. So far, I believe phillip and notlist have shown interest (correct me if I'm wrong), plus there's me. We'll all need to use the latest version of armory on a secure PC. Dogie, if you're interested, I'm sure we'd all like you to hold on to one. Anyone else feel free to step up and nominate yourself.
Do a test transaction or two with multisig just to get the hang of it (so we dont screw up and lose your money)
Confirm hosting rates with cryptoboreas.

And as for dogie's comment on projections: yes, we have very little idea of what's coming. Take it all with a grain of salt.

Note that actual mining revenue, even on 0% fee pplns, will only give you 98% of what you expect because of orphan blocks.

I'm not quite sure what multi-sig is, but I guess it's transactions that requiers mutiple signatures to be considered signed?
If so, what happens when you get hit by a bus? Is the money gone? Or does it only need 5/6 or 3/4 signatures to be verified?
I wouldn't mind Phillip, notlisted, dogie and you to hold keys, but I would like to know who they are, so that I can find the key-holders if needed. (So I know where to send the SR hitman.) Tongue

I could also hold a key if needed, but it's not a big deal for me.

Lets get this ball rolling!

Edit:
Searing, sweet setup! Cheesy

I'd say 9 months ROI is pretty 'accurate' with the numbers we have available today. But, who knows if we will see 10-15% diff increases or 5%. Or what the BTC price will be.
We should all be prepared to lose our money!

Yeah all I know is ..if I want any access to a MINER virtual only via GUI or /ssh or whatever it will have to be hosted. At 13c kwh where I'm at that boat don't float for sha-256 and BTC. It does float for Scrypt yet. Truth be told a person (I'm talking blasphemy here ....turn away from reading if you think BTC is beyond reproach from and only thing worth mining) ..anyway ....truth be told this COULD (don't know) work better with scrypt miners...but the only LEGIT ones I've heard about ..the price point don't work and they are 6 months away....although I hope they are correct..because IF such scrypt miners did work 6 months from now ..it would be Quite! the btc price pop imho (over $500) so the only 'legit' game in town would probably be this project...

But again 1600 usd with everything hosting etc at 0.06c kwh added Jan 2016 timeline....and what 9 month ROI..well ..doing so you'd kinda HAVE to be counting on BTC price above say $450 by that point imho....so the odds are still long on this ..but hey ...good to do the figures to know for sure......

anyway how i see it at this mangled no info of any reliability at this time