(massive dump of responses inbound)

Quote from: Searing on November 10, 2015, 06:58:05 AM

edit: duh caught up on the thread have above answered...so say about 1600 usd and we get control of 1 miner ..paid out as a group per whatever schedule.....(some miners go bad ..but paid as a group?). So the total ball park coast for 6 months with hosting?

1.059KW @ 65 CAD/KW works out to $68.84 CAD/MO ($51.89 USD), or $311.34 for the 6 month term. We might be able to do better on that hosting rate depending on qty. It also seems like we can do a 3 month term at the same rate, so $155.67.

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

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

There's nothing like some casual death threats to know you're on bitcointalk.

I'm sure there are plenty of forum members who know who I am and where I live. I purchase hardware frequently on bitcointalk (pretty extensive trading history), so all the people who have shipped to me know my name and address. No way I'm sharing that in public though. Same goes for philip, dogie, and (probably) notlist. Valkir has organized a small group buy in the past and is interested, so I figure he could hold a key too.

As for how the multisig works--we'll be using armory lockbox. When I say 5/6 multisig, it requires only 5 of the 6 key holders to sign any given transaction.

Quote from: schwab on November 10, 2015, 11:30:51 AM

I just think, if you are going to go for, go for. If you are putting your money into something just to get a few dollars off, that's thinking of the short game. If you are investing in yourselves, this technology, and the future there are many paths to choose. Starting a co-op that could become a payment processor for the future, a data center for the next generation, and at the same time increase revenue while cutting costs is a titillating idea.

Woaaah there! I want to keep this as simple as possible. The goal for the purchase of Avalon6s is not just to save a few bucks, its to establish a viable structure for future buys--in particular the SP50 when that comes up for general sale. But the end goal is to save quite a few bucks, make ROI easier for small miners (including me!), and that's pretty much it.

Quote from: MrBitcoinMiner on November 10, 2015, 11:35:22 AM

Quote from: allinvain on November 10, 2015, 03:01:28 AM

That is definitely true, but it is something that we plan to have in the future. However, all our miners go on switched PDUs so if remote reboot is necessary that is an option. You guys can designate one guy to keep an eye on the gear and who will reboot gear when/if necessary. I do hope these Avalon6 miners are stable.

I am very concerned that this cryptoboreas company has come out of nowhere and appears to have no customers except this carlos guy. Assuming their operation is legit, the fact that they are doing this all with nobody on site makes me worry. Switched PDUs are a great idea if a machine needs to be rebooted. What if a fan burns out or a machine stops responding to reboots? Do we just suffer 100% downtime until allinvain has enough time to make the trek to his facility?

I also think torepia has a good idea about getting everything in writing.

I am fine with philipma and dogie having the keys since they are long-established members with good reputations. Thank you also to armedmilitia for doing all the legwork to put this deal together and I look forward to seeing final pricing.

As for the fan burning out concern--yes, that's true. Is it worth the cost of a faster response time? I'm not sure, since as of right now gnd is undercut by far--I think we'd recoup any losses from downtime because we're paying much less for hosting. Once again, for future buys we can always revisit GND--they should have their datacenter expanded by then.

And you're welcome! I feel that warm fuzzy feeling of gratitude.

As a side note, I just got an email from bitmain last night:

Quote

Good morning [my name],

Unfortunately we do not offer any discounts for orders of fewer than 100 units. For 100 units of the S7, we are able to offer a 0.5% discount on the listed price.

The checkout page of our website includes a shipping cost calculator, which will provide you with the exact cost of shipping. The total cost depends on a few different factors, so it's difficult for me to give you an exact quote.

Please let me know if you have any further questions.

Best,
Jacob

A 0.5% bulk discount on over 100 units. Roll Eyes