Guys, I went through the AdvanceMiners thread (company apparently supplying the miners) and I do not think they will deliver:


It is obvious that BTCMiner did not do any research prior to stating that he has no reason to suspect otherwise.


Besides this, the style of writing of both OPs (Advanceminers and BTCMiner) seems quite similar to me. Which mean that OP got smarter and does not accept paypal anymore and you will not get a refund.

I will not put any BTC into this.

I'm really tempted! I have a few doubts though:

1) What payment methods do you accept?
2) Can I resell my contract? Saying that cex.io is more expensive isn't the full story. cex is both rented mining and trading. I can sell my Gh/s when I feel I may incur in further losses or if I need quick cash. I can even use it primarly as a trading platform if I'm so inclined
3) What does "lifetime" really means? What happens if the particular device where my contract is running, malfunctions?

1.) Payment methods as previously mentioned are through Coinbase.  I do not accept any other forms electronically due to the fact that there's a very high percentage rate of people doing chargebacks, on top of the fact PayPal has personally and permanently disabled my account due to the fact my account was in fact just dealing with Bitcoins.

    Up in the air on Google Checkout.. need to be able to talk to someone from there on their stance on Bitcoins and buying and selling in regards to do with anything Bitcoin related before I approach that avenue.

2.) Yes, I suppose you could.  As of right now there is no "stock exchange" between the two, but since we gather information such as your email address to verify who owns the account we can always transfer accounts from seller to buyer pretty easily, simply changing the value in the database that handles the payout schedule to the BTC address.  That's a possibility in the future, we might consider opening a simple platform to sell/buy... (Cross that bridge when we get there, let's get this rolling first kinda deal.)

3.) The first 35TH/s is _literally_ lifetime.  Until the units burn out and are out of manufacture warranty they will run.  At in which point it's not worth mining because of the difficulty rate and such and selling them off is the better solution than we'll approach that when it happens.  35TH/s is just our start.  If 35TH/s is sold through fairly quickly then we will continue supply so long as the demand is there.

Hope that answers the questions.  Take care, hope to see you join us!

You're right, maybe I shouldn't be presuming that.

But how do you feel about possible delivery issues with the miners?

To me it seems pretty obvious from the AdvanceMiners thread that they have not delivered any devices yet from the last batch and that people are using paypal buyer protection to get their money back.

Another 1 GH/s purchased.

Do you have an ETA to start mining? I Just want to put the # on the calc. Thanks in advance.

What the hell. I'll mine for the extra 100 GH/s.

Progress will be updated Monday.  Pool is fine.  My personal connection got severed by a broken tree limb when I was working on stats.  Backend is working fine, however I was working on the front end and backend when this happened... Things will be back in order and back to being on schedule on Monday.  Sorry for the issues.

Right as of this very moment in time there is no stock market for buying or selling hashing rate, however that doesn't stop it from being able to take place.  We collect enough details about each purchase that we can verify buyers from Coinbase that there could simply be an open market system available.  We do plan on making a simple trading system available but we have other parts of the system to implement beforewe can entertain that idea.  But it is in the works.  I apologize if there are any grammatical errors as im unfortunately stuck using my phone until my internet service has been restored on Monday.

Thanks