I kinda thought it was fucked up? All the talk of stale hashboards and the instructions in the box, kind of read to do that... But that only accounts for the scorched pci-e connector, not so much on the controllers not booting on all of the Batch 5.

I did try before with all cables attached and it was the same. No nothing, led, ip, or fans.

Yup Yup

Jumper? Can you explain?

Using AWP batch 2, which comes with 2 less pci-e which kind of sucks.

And not burnt cable, but scorched 6 pin that I don't like to see. I think the prescribed method of having to power the hash boards then the controller is pretty damn stupid.

3 of S7 Batch 5 I received this week fail to start. The controller board makes no indications of power and no fans start.

Seems like an RMA to me.

And of course I burnt the hell out of one of my pci-e while plugging in one of the control boards. Don't like that at all. Going to RMA that as well.

Damn shame I say.

You are essential doing it, except without the legal backing for recourse against potential problems and clear definitions of what happens next. Currently this is actually a more convoluted way to accomplish the goal with less recourse/assurances should problems occur sooner or later.

Phillip mentions some the problems that could arise with multi-sig funds, those are unavoidable at present set up. These multi-sig holders are basically the elected board in a legal business venture/co-op set up. Though it is being based here, by only a few people with mere interest in the group buy and no firm commitments or deposits.

There's talk about what comes after the prepaid period, or the determined period of time of mining, selling miners off or renewing contract. This is the share voting, except without clear instructions, rules, or alternatives to what if risk scenarios.

What if enough people want to cash out, pushing the remaining group buyers that want to continue on to do so without the discounts already in place. The ability to buy/sell shares helps eliminate this threat to those that would continue on with the group, should a significant number choose to cash out and sell.

Then there are the legal ramifications. What if someone runs off with the money, is there only internet posts and witch hunting/doxxing to try and figure out where each user's money went. Having a clear structure with the details needed to be a trustee/board member of an incorporation help clarify the individual(s) accountable in case there is theft or mismanagement.

What if it all goes broke, GND/CB burn to the ground or disconnect and run off ala FriedCat. Would there then be multiple suits brought out by individuals at each their own cost or legal fees?

If the true goal is to allow lower costs and higher profits with increase in ROI, there are still plenty of legal ways to accomplish this outside of gentlemen's agreements via web boards. At the estimates mentioned, it is handling initially around ~>$60,000 of users money to provide a stable set up, and a system to be used for future purchases. Everything is going the right way but without the legal backing if anything should ever go wrong or into disarray.

• Multi-Sig Holders - Board of Trustees/Board of Directors
• Miners/Buyers - Share Holders voting on future of the group
• Hosting - Contracted signatory in charge of use and upkeep of equipment
• Web Board Messages - Voted on by-laws the Co-Op is held accountable to.Better the interests' of share holders with clear definitions

Everyone interested in this buy, needs to think about the risks involved and the futures at stake here in the beginning, before a snowball is set in place.

*edit a couple of fuckery wording

I'm just going to pop in since there is all the talk of ROI and individual payouts. I'm nobody, a lurker, a miner. So these are just thoughts from a semi outside perspective.

The idea that was behind this thread and the thread title are outstanding concepts. The idea of multi-sig fund management is an amazing concept, it starts to diverge when it becomes a group buy scenario. Group buying mining units, group buying hosting, escrow for purchase, a different escrow for hosting. It holds a lot of trust in certain individuals, unless this is all part of the OP post 4-6 multi-sig account as the escrow holders, but I see no mention of that specifically, perhaps it is just assumed.

The idea of a true mining co-op is astonishing. Incorporated as a mining firm, with eyes set on the future. Elected board members from across the world using multi-sig funds to conduct business on behalf of the co-op, with individual hash power as voters in the incorporated co-op business. Elected members donating time to the duties of the co-op to better every share holder, think secretary, treasurer, business manager.

Moving beyond individual ROI to the betterment and growth of the Co-Op and reinvestment of funds to expand, both in mining capacity and revenue streams. Building out or implementing blockchain related services (driveshare storj, micropayment systems, own datacenter/hosting).

Shares can be bought and sold, and include the voting rights, with additional expansions adding shares. Share holders would receive small profits from the additional sales and revenue on agreed upon time segments.

Voted upon bylaws and directives. A miniature bitcoin system with consensus, share holders deciding what is best to move the Co-Op further along, or flat out end and split revenue.

This is somewhat how my electric company operates, they have a semi monopoly on the area of course, but every user is a voting member of the co-op and extra profits are sent out every few years (it amounts to nothing $23 since 2006), but the larger users get a larger portion, and we all have voting rights at share holder meetings, and each have a vote on our board members.

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.

It's late, I'm red-bulled up, I apologize.

I'll be in for 1, check pm's on how to get USPS label to you.

Will your firmware be available for download to use at our own risk, or only by having you flash before shipping, and any updates to us later? Does that make sense?

pm sent if one is still available let me know

PM and Payment Sent

transaction ID d4516e47ed5c69a98dc4a90d7c3ad77a955eea68ebd7eef8f6b029af30e4e820

Oh man, just, just nevermind. Guess this happens when messages go unnoticed and not responded to.

wtf am I to do with that?

Winner Winner. That is part of the huge impact the NY bitlicense proposal has on the community.

There are, maybe, I believe, two states where you may operate without being registered. One is might be(?)Wyoming.

 

what ya got?

That's so fucking narcissistic.

Ooh ya, looking windows 8, 8.1. Pro whatever.

Payment from 1D4jywjeo9hstvb7baAy59EeSdNKf2fAhf.

https://blockchain.info/address/1D4jywjeo9hstvb7baAy59EeSdNKf2fAhf

I'm gonna quote all the giant red flags, so far, in the thread.
Bolds are mine

First up, Hashfast itself. Oi. I mean, are you buying chips? Do you have a board design ready? Is it two years ago? Hashfast could be for you, I guess.

Nothing like DIY. Little elbow grease never hurt. I have some competency.

Whoa there, I thought you said it was a kit. I mean, hell at 750ghs that isn't so horrible though. Decent electric...

Wait, what? Easy/Careful. Pick one. Doesn't matter without proper community support this kit will be neither. I'd be hopeful to get 600gh/s.

Well there is the truth. Get to the good stuff. Ok, but we get the bolster and the foil and it's a kit! J/GH seems a little high ya know.

Daddyfatsax-That's what it sorta seems like. Everyone doing a big favor for HF.

Cedivad-The truth! The truth shall set you free from this thread! I'm guessing the, uhh, higher speeds, are the easy 700 or careful 750. It hurts to want to laugh.

I've seen anytime this guy shows up, no go. Not very good. He's weird, a shill. All about the scam and the troll. Just a fucking pain really. Talks out of ass.

Cedivad - Yaaa..... bankruptcy sale, wanting preorders, saying no. Step 1. Take money. Step 2. Run.

You even fucking know.

And a couple decent machines came out, for limited use at high dollars. Open Source designs. Release some shit. Sale reference designs. Oh man, just what a cluster.

I received .

Appears S4 USD payment only at this moment.

Apache is installed, congrats. /s

IKR? I was reading these the other night. In the other thread tells you sure but not there, gives you link to this thread. Now posting a seemingly angry response Weird.

Received mine a week ago today. Perfect timing as I left for a trip the next day. Thank you, TracerX.

mstrongbow any thoughts to files or printed cases coming out?