Post
Topic
Board Group buys
Re: [NEW ULTIMATE Group Buy][COINTERRA 2 Th/s] 0.80 BTC=40 Gh/s (John K. Escrow)
by
Ultibit
on 28/10/2013, 09:11:05 UTC
-Obviously each miner will pay for itself to run since they use quite a lot of power and also to avoid confusion where miners get auctioned at a later stage so that the fee is final

So the miner is auctioned off once it becomes unprofitable?  Are the funds from that auction distributed to the shareholders? That would actually be a neat little incentive to hold out for at the end.

Yes, exactly.

We actually have a lot of neat incentives for our customers. Recently we bought from Cointerra at a really good rate and refunded all our customers for the TerraMiner IV 1 up to BTC1!