Quote from: Archi348 on July 19, 2013, 03:55:34 AM

Fairly recent convert to cryptocurrency. Time to stop lurking and get active...kicking myself for not paying attention when I first heard the term bitcoin. Currently mining the three primary currencies on a couple 7950s and a block eruptor (yes I know the ROI is terrible). But with a couple pcs that are normally on 24/7 anyway I figure a couple additional watts for some coin. I figured i could stay home from the bar for a night and save enough to justify the Eruptor. Looking more to mine and hold than to turn a quick profit anyway.

Any tips or recommendations for the the group buys on the big ASIC rigs? It Seems to me that some of those have great potential for decent Ghs/$ even with some conservative forecasts for difficulty adjustments.

Nice post Archi348, as a newbie, I shall quote you for my first post, as it is very similar to what I would write!

I have been reading the forums here for a while, enjoyed learning as I went along, and kept coming back here to check out more threads! I could have joined earlier and got involved more... better late than never though!

Seems I am not the only one interested in the group buys, having looked at the mining dashboard at TGB, I am aware that USB BE's will most likely have a very hard time reaching ROI, and that the GB's for upcoming devices from KNCMiner and Cointerra could offer some protection against the huge jumps in difficulty over the next year.

I shall keep posting and be active until I can join a GB or start my own (I am aware of the trust issues, and will follow the guidelines of these forums with caution once I am member.) I have looked at several GB's to get an idea for how they are being done, and noticed that there sometimes is a significant surplus raised or that the math doesnt seem to add up (I guess this is partly due to BTC fluctuation, and manufacturer price drops.)

I hope to find a trustable, open, GB to join, or create one and show the full working for the Share pricing and relevant Hashing power it represents.

Big ideas for a newbie I know, but I see alot of closed GB's already, which is probably good news and I will try to emulate their success and strong points and improve if possible.

If I do create a group buy, or help with the admin for one, I aim to use that experience in further bitcoin projects, and may look to have a start-up as there are additional ideas I have in respect to the bitcoin market.

Thanks, PM me if this post interesting, and also if I have made some glaring mistake Grin