Post
Topic
Board Group buys
Re: [OPEN] Ninja Group Buy #2 Hosted 28 ANTs + Neptune $10/GH .35BTC=30GH [122/300]
by
MWNinja
on 22/01/2014, 14:13:57 UTC
Quote
If you default on your obligations, then you lose your shares ~ sorry no partial default.  If you have 10, then physical delivery is good way to get out and still meet your obligations; and still collect on the Neptune.

Is there any possibly this policy could be amended. I am thinking worst case scenario were the Neptune does not arrive in time and ANTMINER S1 becomes unprofitable. In this situation we would forfeit our mining rights before we get a chance to mine with the Neptune(Resulting in only 18GH per share instead of 30GH) or choose to mine at a lose while waiting for the Neptune to arrive. Also, since we are already paying you separate mining fees for the ANTMINER S1 and Neptune this would not add much of a burden and will not take away from your finances. For me and other miners this would add addition peace of mind and would encourage addition purchasing of shares.

The ANTMINER is a good power efficient design; it's competitive with all the hardware that currently makes up the network.  The unlikely scenarios that you create with online calculators are flawed because you end up painting a picture where NO miner is profitable.  As a group buy owner you are responsible for your share of the space and power.  We can't selectively default on the cabinet that is holding them, so it's an equitable share of the risk.

Group buy #2 is being installed today, we have a bunch of miners in our staging area running right now. The full mine should be operational this evening.
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