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Topic
Board Services
Re: Best Affordable Mining Contracts Starting at Only $3.00 per Gh/s
by
turbobitcoin
on 05/12/2013, 00:59:50 UTC
@affan
Some people said bitcoin at $100.00 was too expensive and wished they bought it at $12.00, now it's worth roughly $1,000.
This is not too cheap, it is possible.
I'd keep all the contracts to myself if I wanted to maximize profit. But, that is not my goal. My goal is to lower the price/entry barrier to obtain bitcoin.

@rammy2k2
I feel that buys should be protected. And, I will accept escrow upon request. According to their website up to $5000.00 = 3.25% ($25 minimum)
Buyer must cover fees though. Unless you have any other suggestions, other than escrow.com, my ears are open.

@btcton
I think the product is out of stock or they are not accepting new orders for it. Yes, they have been ordered.

Again thank you for everyone's interest.
Post
Topic
Board Services
Re: Best Affordable Mining Contracts Starting at Only $3.00 per Gh/s
by
turbobitcoin
on 04/12/2013, 18:38:06 UTC
Hello,

@rocketcoins
There are alot of people with the same name. As you know, the domain is under public whois and not private whois. Should I want to scam you I would have used a fake name or used private whois.
I did a bit of research on the link you posted, it seems that someone had a grudge against that person. It looks like he may have been framed.
Link: http://www.webhostingtalk.com/showpost.php?p=6559856&postcount=17

@btcton
From Here:
http://cointerra.com/product/goldstrike1-25th-asic-pack-50-500ghsec-asics/

@coinSeeker82
Roger that, I will put you down for 10 shares. My email is admin@turbobitcoin.com
Post
Topic
Board Services
Re: Best Affordable Mining Contracts Starting at Only $3.00 per Gh/s
by
turbobitcoin
on 04/12/2013, 07:04:13 UTC
Hello,

@coinSeeker82
It's TurboBitcoin.com, the new contracts are not up yet. This is a promotion for it.

Thanks for your interest.
@joeroxor
Roger that, no problem.
Post
Topic
Board Services
Topic OP
Best Affordable Mining Contracts Starting at Only $3.00 per Gh/s
by
turbobitcoin
on 04/12/2013, 05:59:39 UTC
The start date for this service is Late February to Early March, no latter than Mid-March.

There is only on type of contract available.

Status:
Contracts Available: 80%
*I will be buying 20% of the contracts for the company itself.

General Info:
Price: $3.00 for 1 Contract
Hashing Power: 1 Gh/s per Contract
Contract Length: 90 Days per Contract
Estimated Start Date: March 3, 2013


Fees:

Reinvestment Fee: 0%
Management Fee: 0%
Electricity Fee: $0.00
Pool Fee: $0.00
Setup Fee: $0.00
Monthly Fees: $0.00
Other Fees: $0.00
Basically, there is no hidden fees.

Guarantees:
24/7 Management
Rapid Replacement if Hardware Fails
Refund to cancel order if late start

Discounts:
1 to 250 Gh/s = $3.00/Gh/s
251 to 500 Gh/s = $2.95/Gh/s ($25.00 OFF)
501 to 1,000 Gh/s = $2.90/Gh/s ($50.00 OFF)
1,001 to 2,000 Gh/s = $2.85/Gh/s ($75.00 OFF)
2,001 to 5,000 Gh/s  = $2.80/Gh/s ($100.00 OFF)
5,001 to 10,000 Gh/s = $2.75/Gh/s ($125.00 OFF)
*Larger Discounts Available Upon Request

Payment Options:
Bitcoin
And many more upon request

Right now, only taking reservations. First come first serve.

Why Buy Now?
The price will rise as the start date gets closer.
There is a limited amount of contracts available.
No experience needed.
Google Docs Spreadsheet for easy Client Management.
Weekly payouts.
No need to setup.
No electricity fees.
No shipping fees or delays.
Affordable.
Break-even within 90 days.
Up to 20% return or more on your investment. (If our equipment arrives early, a profit of up to 40% or more is possible.)

How to reserve:
X = Number of contracts you wish to reserve
Reply with:
I want to reserve X contracts.

Current Reservations: Link
Post
Topic
Board Service Discussion
Re: Bitstamp is down
by
turbobitcoin
on 05/11/2013, 22:46:30 UTC
I always local exchange using https://localbitcoins.com/ .
I get cash when I want or bitcoin when I want.
Post
Topic
Board Mining speculation
Re: is the network hash dropping?
by
turbobitcoin
on 05/11/2013, 22:23:03 UTC
If there is a drop in hashing power/miner, the difficulty will decrease and therefore it would be a wise idea to buy hardware.
At this time and age wouldn't it be cost effective for manipulation by a bitcoin hardware seller? What I mean is a organized DDOS in order to make it look like there is less miners, thus people will think it will be easier to mine and will buy hardware?
Then when they shipout the hardware they stop the DDOS.

I hope this is not the case.
Post
Topic
Board Mining speculation
Re: is the network hash dropping?
by
turbobitcoin
on 05/11/2013, 19:44:56 UTC
#Conspiracy #ItIsAllPartOfThePlan #SellMoreMiningHardware
Don't mind me.
I noticed that too. Something is going on......... it's a trap, lol. On the serious note, there is something going on, I just don't know what!

Edit:
I suppose some mining equipment is no longer viable to run. I hope whosoever equipment that was, they broke even at the least.
Post
Topic
Board Service Discussion
Topic OP
Cloud Hashing, 20 GH/s for under $1000 or NOT
by
turbobitcoin
on 02/11/2013, 02:45:08 UTC
Let's take a look at Cloud Hashing.
According to their terms of service, your payout is reduced by 40%, because of:
"(a) We collect 10% of the Product as a management fee for operation of the Pool and associated
activities;
(b) We collect 30% of the Product (the “Reinvestment Product”) which is then reinvested into
additional or replacement Bitcoin Mining Hardware at our sole discretion and in accordance with
Clause 2.4."
Therefore, the loss of profit calculated using https://bitclockers.com/calc is actually higher in reality.

Let's say we buy their best contract of Platinum for $949.95 for two years + the processing fee $28.37.
No! Wait now, "when they use '$', they meant British pounds' It get better... right?
Yeah, I get to use google calculator and find out how much I am actually paying.
Link: http://lmgtfy.com/?q=978.32+british+pounds+to+USD
That is fucken great...... "Join For Under $1000"
Well, I guess if you think $1558.17 is under $1000, it's okay.
But to me that is false advertising. The "$" not a typo, it's in their shopping cart and used in 4 of their listed plans.... but magically, it shows 978.32 British pounds when you get to the payment processor. It is merely a tactic to trick buyers.

So when I calculated this, I had to put a value for the cost of watts, I put .3510 and watts use to 0. (They don't charge kWh.) Anything multiplied by 0 doesn't matter, so the price for kWh does not matter.
I inputted all the details according to their Platinum plan.

And guess what? You better hope your immortal and that they extend your plan beyond 2 years. The reason is at minimum, it will take1130 years 40 weeks 1 days 18 hours 40 mins 39 seconds to break even.
Post
Topic
Board Mining speculation
Re: Is bitcoin really worth mining? CoinTerra and Cex.io Analyized
by
turbobitcoin
on 02/11/2013, 02:19:39 UTC
so what are you trying to say?

you want us to buy your turbobit miner?

Cheesy

I'm not saying to buy my bitcoin mining plans. Statistically speaking, many rival companies will have a much higher loss than my plans. My plans will not break even just like other miner plans, if not all other plans.

As I said before, these companies are not transparent on the fact you will not profit. I acknowledge myself you will not profit from my mining plans either.

I just don't want people's lives ruined. I will say I got threatened and harassed by a company who promised to double my money. It's part of learning, but I don't believe everyone should learn the same way.

There is a chance you could profit, but it's like finding your needle in a pile of billions of other identical needles.

Best way I can put this:
If your looking for steady income, do not buy Bitcoin Mining Contracts or BitCoin Hardware.

My advice is get out CEX.io if you are not looking to get some bitcoins, but looking for profit. Sell your GH/s while it's worth something, maybe not your original purchase price, but at least something.
The price of GH/s per Bitcoin will drop, as it logically should due to new technology emerging. Just get out if you can't lose that money. Especially, if  that money was supposed to be a investment for your family, particularly the kids.

I bid to disagree. You sound absolute when you said "you will not profit".

In some areas yes but NOT all. You can gain profit by trading and not just mining it. We all know that mining is a bit complex at this rate. But if you know how to trade, just with the commodity and same applies with some alt exchange, you can profit.


You could profit. "There is a chance you could profit". When I say "you will not profit", it is my opinion. I nowhere intended it as fact, but rather "more than likely". In all honesty, I never meant to say a straight flat out no, but the data I looked over, clearly shows mining contracts will not purely give you profit. Nor, would buying the newest,fastest, and cheapest mining hardware soon to be available, as for my example, the new coin terra machines. Yes, you could trade...... but because of the cost of mining, it would take a huge amount of time before you profit from a "mining contract or buying the hardware to mine yourself", assuming nothing bad happens to the market.

Trading is risky and there are some companies who scam. In some cases some companies pretend to look good at first in order to attract a crowd, after then run and don't pay out. This is where I got sucker punched myself when trading currencies (not Bitcoin). I requested a payout, the company refused, I posted a review and was threatened/harassed. They told me they would sue me for Public Relations being tainted and other law cost. Guess what? I had to spend extra money to hire a lawyer just to confirm that they would not be able to sue me.  It was probably my fault, as that company was not regulated. Not only did I lose my initial investment, but I had to spend more cash to solve a problem that came about, because I was trading with a unregulated company. The same problem could arise here as no one here is regulated to exchange currency

The problem with treating it as a currency lies with how much is the bitcoin actually worth and who determines it. As we know machines in farming tend to break the same times of the year around when it's cold and has to work harder. Therefore, this issue will have a effect on the worth of currency. At this time, it would be hard to pinpoint when to trade with bitcoin having huge fluxes. In theory it should keep increasing its value as more miners come into play, but then again a crash can happen at any time. Just like profit is a possibility, even though unlikely, Bitcoin could become worth $0.00. It may not happen in a day, but it is possible, maybe due to strict regulations by countries, bitcoin being hacked, or whatever other possible reason. When Dwolla claimed they were dropping virtual currencies due to uncertainty in the area, that was probably a lie. As there are rumors that they were ordered to by the government. This was regulation, and this does affect Bitcoin.
Post
Topic
Board Mining speculation
Re: Is bitcoin really worth mining? CoinTerra and Cex.io Analyized
by
turbobitcoin
on 02/11/2013, 01:47:44 UTC
so what are you trying to say?

you want us to buy your turbobit miner?

Cheesy

I'm not saying to buy my bitcoin mining plans. Statistically speaking, many rival companies will have a much higher loss than my plans. My plans will not break even just like other miner plans, if not all other plans.

As I said before, these companies are not transparent on the fact you will not profit. I acknowledge myself you will not profit from my mining plans either.

I just don't want people's lives ruined. I will say I got threatened and harassed by a company who promised to double my money. It's part of learning, but I don't believe everyone should learn the same way.

There is a chance you could profit, but it's like finding your needle in a pile of billions of other identical needles.

Best way I can put this:
If your looking for steady income, do not buy Bitcoin Mining Contracts or BitCoin Hardware.

My advice is get out CEX.io if you are not looking to get some bitcoins, but looking for profit. Sell your GH/s while it's worth something, maybe not your original purchase price, but at least something.
The price of GH/s per Bitcoin will drop, as it logically should due to new technology emerging. Just get out if you can't lose that money. Especially, if  that money was supposed to be a investment for your family, particularly the kids.
Post
Topic
Board Service Announcements
Re: TurboBitcoin.com - Mining Contracts | No Hidden Fees | Starting at $18
by
turbobitcoin
on 02/11/2013, 01:40:46 UTC
I want to be transparent. With my new study of Bitcoin, I have determined with the current history and trends, it is not profitable.
In other words, there is the high likely hood that you will not breakeven.
My service is mine bitcoins for you for a specified time frame as long as the cost to operate is feasible.
View my topic on profitability of mining here:
https://bitcointalk.org/index.php?topic=323165
Post
Topic
Board Mining speculation
Re: Is bitcoin really worth mining? CoinTerra and Cex.io Analyized
by
turbobitcoin
on 02/11/2013, 01:08:51 UTC
Didn't you find the exact figure in the FAQ that the fee is $0.001 Per GHs. Notice it's in dollars not BTC.

The FAQ is older than the email I got. The email i got was produced about 11 hours ago.
http://i40.tinypic.com/9s7ww9.png
http://i40.tinypic.com/9s7ww9.png

I just want people to know if they are investing into services that mine for you or buy hardware yourself (ex Hardware from Coin Terra), it is more than likely you will not profit.

However, Cex.io will profit. The Company itself.

Post
Topic
Board Mining speculation
Topic OP
Is bitcoin really worth mining? CoinTerra and Cex.io Analyized
by
turbobitcoin
on 02/11/2013, 00:55:43 UTC
Overall, if I am correct. CoinTerra's upcoming new technology and Cex.io cloud hashing is not worth it. Simply put, you won't break even.
Currently bitcoin has gotten alot of attention, there are even companies paying for large amounts of Hashing Power creating a demand for Mining Contracts. The issue now is will there be profitability.

First and foremost, the backbone of computers are one's and zero's this means at any given time if a hacker arises with the skill to hack bitcoin, then it is possible at any time the market for bitcoin may crash. In other words, at anytime, bitcoin currency could significantly it's value.

Second, the difficulty is changing by about "last change in % + 5%" to equal the next difficulty that changes about every 10 days or so. This is all according to http://bitcoinwisdom.com/bitcoin/difficulty. The change is due to the change in the total amount of miners in the pool and the amount of hashing power one brings. That is not the only issue with the change in difficulty, but the fact that new technology with faster hashing power at a better watt usage and cheaper price her GH/s. This will allow each miner to have more shares in bitcoins, but at the same time increase the difficulty.

The real question now is, "Will there actually be any profit in mining bitcoins?"
Holding onto history were the difficulty is "changing by about 'last change in % + 5%' to equal the next difficulty that changes about every 10 days or so.", by the 3rd change of difficulty in February, the difficulty factor will be 564632224929.
For demonstration purposes, I will pretend I pre-ordered the found here: http://cointerra.com/product/terraminer-iv-2ths-networked-miner-january-batch and it arrives by the end of February.
I will assume watt usage is 1200. As stated it should be around .6W/GH/s. (https://bitcointalk.org/index.php?topic=287049.0)
Where I live electricity is about .3510 kWh
Since 1 change is about 5% additional from last change in %, I will assume there is a 15% change, BUT the change in difficulty will be significantly be much great. The loss of money will be greater than my calculations without any doubt. Again, due to the calculators limit in functions, this number is much  much lower than actual loss.

In summary: If you earn 25.00 BTC per block found with a value of $212.51 per BTC, mining with a difficulty of 564632224929.1992 at 2000000 Mh/s, power costing $0.3510 per kilowatt hour @ 1200 watts for the next 90 days, spending $5999 in startup costs:
I entered that data into: https://bitclockers.com/calc
The results were shocking.
I would be losing about $9.73 per day.

What is more tragic is the story of Cex.io
Got a email:
"The fee will be implemented in 1 week, which makes it November 8th 2013.

The maintenance fee is estimated as $0.30 / kW*hour:
$0.17/kW electricity cost + $0.09 data centre upkeep + $0.04 hardware repair/maintenance.

(The power consumption of 1 GHS is 1.5W per hour)"
Including:
- hashrate of 2,000 GH/s
- for watts it will be 3000. As stated 1.5W per 1 GH/s
- fee of 0.30 kWh per GH/s
- about $21.89/GH/s . Last time I checked 1 GH/s was 0.107797 BTC on Cex.io. And on preev.com, 0.107797 BTC = $21.89
Therefore:
If you earn 25.00 BTC per block found with a value of $212.51 per BTC, mining with a difficulty of 564632224929.1992 at 2000000 Mh/s, power costing $0.3 per kilowatt hour @ 3000 watts for the next 90 days, spending $43780 in startup costs:
By the end of February you would lose $636.64 per month, if you bought 2,000 GH/s from Cex.io at the above prices today and did not sell any back.

Of course this is just my theory based on trends. There is a high chance that my theory is a correct, because it is based on trends I gathered from various sources on the interwebs. I am not responsible for any gains or losses due to the theory.

Overall, if I am correct. CoinTerra's upcoming new technology and Cex.io cloud hashing is not worth it. Simply put, you won't break even.
Post
Topic
Board Gambling
Re: Bitcoin Faucet where you can get upto 1 BTC every hour **NEW PROMO**
by
turbobitcoin
on 30/10/2013, 02:46:21 UTC
1Mkka1aFRUr7LGiMG2U3U1H5Eob7ZVV4uY
Post
Topic
Board Service Announcements
Topic OP
TurboBitcoin.com - Mining Contracts | No Hidden Fees | Starting at $18
by
turbobitcoin
on 29/10/2013, 21:25:04 UTC
*Instant purchase is only available by paying through the secure paypal gateway. If you wish to pay by skrill, western union, or check, please open a support ticket.

Order Here: http://turbobitcoin.com/index.php/order
Upgrades to 2 years or indefinite is displayed upon selecting a contract.
1 GH/s = $18
Discounts for orders larger than 20 GH/s

Why Choose us?
1. Complete website with the following features to enhance your experience:
-One account to access all features.
-Forums
-Email
-Order Tracking
-Clean Order Forum
-Web 2.0
-Support Tickets with Tracking
-Announcements Page
-Separate Tracking for Each Contract
-Online Digital Invoice Receipt
2. Electronically Signed Contract
You will recieve a legal document for the contract that includes the following:
- Discounts applied
- Projected start and end dates
- Method of payment
- Order Is
- Transaction ID
- Policies concerning refund
- Only addon monthly fee of 5% for administration
- Written statement of no forced reinvestment
- Length of Contract
- What is considered a breach of contract
- How issues concerning the contract be handled
- Limitations of Liability
- Right to Confidentiality
- Reasonable Notices
- Amendments to contract requires both parties approval
- How Serviceability Issues are managed
3. No forced reinvestment, all bitcoins produced from your selected service will be sent to you. Excludes 5%, which is a administration fee.
4. Flat 5% to 15% discount on larger orders over 20 GH/s, determined on a case by case basis.
5. Paypal Verified, our paypal account is confirmed. This means our address, email, credit card, and bank account have been confirmed.
6. Cheaper than the competition, no hidden check out fees or monthly fees. When we post price using “$”, we mean USD - Dollars. Nothing else! Other competitors use the “$” when the actually mean British pounds, which makes their price higher than what they listed. The worst part is, some rivals even charge a processing fee and have high monthly management and reinvestment fees that total 30% or more of your bitcoin payout! We do not do that at Turbo Bitcoin.
7. Customer Service by phone, email, and by support tickets. Support tickets allow you to have a digital copy of whatever we send to you in response to your question. They key feature is an identification number for support tickets to keep them organized and track-able.
8.If you need a custom plan, just contact us and we will gladly try to tailor a plan to your budget.
9. Daily payouts.
10. Anytime money back guarantee. However, you must first return any paid out bitcoins.



Terms and Conditions: http://turbobitcoin.com/index.php/tos
Private Policy: http://turbobitcoin.com/index.php/privacy-policy


Questions or Comments? Use one of the following to contact us or leave a reply.
CONTACT INFORMATION:
Phone number: 1-240-71TURBO (1-240-7188726)
Email: admin@turbobitcoin.com
Website: http://turbobitcoin.com/
FAQ: http://turbobitcoin.com/index.php/kb/faq
Announcements/Blog: http://turbobitcoin.com/index.php/blog
Discussion Forum: http://turbobitcoin.com/index.php/blog
Support Tickets: http://turbobitcoin.com/index.php/support
General Contact Form: http://turbobitcoin.com/index.php/contact-us
Post
Topic
Board Beginners & Help
Re: Idea to sell BTC through PayPal and make it NON reversible - Need opinions :)
by
turbobitcoin
on 29/10/2013, 09:04:50 UTC
A signed document is one of the things you can use to defend yourself in the event of a chargeback. It's not a chargeback proof. Paypal is notorious for freezing people's accounts if they detect a very slim sign that people are doing a risky business with their accounts. Even if you manage to keep the chargeback rate low, you may still face possible problems with Paypal.

I think he/she is right concerning the issue. However, I must repeat paypal is very risky. Having too much chargebacks may lead to paypal account suspension.

I would not do it.

I recommend prepaid western union or money gram for a flat rate found at many general good stores. I believe those would be the best alternatives.