Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem by cfminer

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introduceyourself · @cfminer · Dec 23 '17 (edited)

$9.04

Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem

#### Hi there!
####
@cardboard here, creator of the @tipU service. Obviously I've got too much time so I've came up with an idea of a crowd funded **mining rig that would mine crypto and pay dividends to the investors in SBD**.

I really like the idea of receiving daily payouts from your investments in the STEEM ecosystem. So far the only way to invest STEEM / SBD was to delegate your STEEM POWER to voting bots or services like @smartsteem or @utopian.

So I figured out it's time to take advantage of the current SBD price pump and use it to fund crypto mining rig. The plan is to:
1. Organize a one week fund rising in Steem Dollars for the mining rig.
2. Exchange the SBD to fiat and buy the PC oriented for crypto mining (both CPU and GPU).
3. Create an automated system where the mined coins are exchanged to Steem Dollars, which are then send to the investors in daily payouts.

So the account @cfminer was created today to organize the crowd funding. Some details:
- the funding will last one week, it is possible it will end earlier if enough SBDs are gathered
- the funding will succeed if at least 70 SBD are gathered
- the max threshold is 300 SBD - gathering this amount of SBD will automatically end crowd funding
- if not enough SBDs are gathered, all SBDs will be refunded to investors
- the official start of crowd funding is tomorrow - 24.12.2017 and it will last till 31.12.2017 (if you really want to, you can already send SBD to @cfminer, automated system will confirm your investment).

Please feel free to check out 2 previous post about the idea where some questions were answered in the comments:
https://steemit.com/steemit/@tipu/sbd-crowd-funded-mining-rig-daily-payouts-for-investors
https://steemit.com/steem/@tipu/sbd-crowd-funded-mining-rig-some-basic-math

In the current SBD prices the expected daily return from the investment is 0.3% which means that from every SBD invested you should get 0.003 SBD daily. But if the SBD price returns to 1 USD peg, the return should be 0.03 SBD daily.

If you have any questions feel free to ask :)

---

> Mandatory miner picture
https://i.pinimg.com/originals/86/28/75/8628757ae1142d01a65af0407eab8699.jpg

👍 leongkhan, randowhale, tipu, elsurtidor, bronevik, andre-verbrick, sames, estronitex, click3rs, ainie.kashif, balditron, wix, ladycat, tomosan, koh, prhinodv, tbaumer2, nimr0d55, adasq, grupobimbyaa, betyyart, cryptobills, dandan2013, photosdaily, przemko, whatstuff, funstuff, davemccoy, krystof, doodlebear, rkzm2012, steemitboard, cfminer, cardboard, seymourbucks, terryxxjones, rebe, sopra, kobers, ccnew

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properties (23)vote details (40)

voter	rshares	pct
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tipu	119,053,834,353	100%
click3rs	4,203,805,673	100%
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grupobimbyaa	702,352,583	100%
ainie.kashif	3,236,281,715	100%
dandan2013	613,590,210	100%
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funstuff	607,181,020	100%
whatstuff	610,222,569	100%
tbaumer2	1,388,068,976	100%
rebe	110,716,890	100%
rkzm2012	535,328,400	100%
sopra	75,547,107	100%
adasq	731,742,168	1%
ccnew	0	100%
kobers	0	100%
prhinodv	1,580,701,405	100%
cryptobills	616,509,221	100%
terryxxjones	127,655,657	100%
davemccoy	568,667,997	100%
nimr0d55	835,563,519	76.05%
betyyart	690,498,525	100%
krystof	552,625,364	100%
cfminer	246,003,303	100%

@adasq · Dec 23 '17

$0.38

Ok 10 SBD sent. Here we go :)

👍 adasq, cfminer

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properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
adasq	0 B		69,515,506,029	100%
cfminer	0 B		234,933,155	100%

@sames · Dec 23 '17

just 53 sbd left to go to meet the min

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@ainie.kashif · Dec 26 '17 (edited)

Hi all, my support to the great effort, have invested 10sbd. Have also resteemed and upvoted this post. Keep up the great work :)

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@bronevik · Dec 23 '17

$1.08

Would be nice idea.
If only mining would have been profitable at all.

👍 bronevik, btcsec

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@cfminer · Dec 23 '17

$0.18

Where did you find information that it's not profitable? Maybe you're referring to mining bitcoin on PC.

👍 bronevik, sames, btcsec

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properties (23)vote details (3)

voter	rshares	pct
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bronevik	21,877,256,640	11%
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@bronevik · Dec 24 '17

$1.38

Okay, what is your projections?
What cash flow and ROI i get in case of investing 1000 USD?

Give us numbers, please.

👍 bronevik, btcsec

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1 reply

@sames · Dec 23 '17

Mining is profitable

properties (22)

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@davedickeyyall · Dec 24 '17

25 SBD sent

👍 cfminer

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@davemccoy · Dec 23 '17

Sounds interesting, keep us informed and welcome!

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@doodlebear · Dec 23 '17

$0.04

Interesting idea.. and four questions:

1. Can I send several SBD in several tranches?
2. Is there a minimum investment?
3. What guarantee do I have to get back the investment?
4. Have any of the above questions been answered in the previous posts?

👍 sames, cfminer

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@cfminer · Dec 23 '17

$0.05

1. Yes
2. No, but there's not much sense sending like 0.001 SBD
3. Sadly none, because if the whole crypto system collapse, I can not do anything about it. Probably sell the rig to regain some of the investment.
4. Partially :)

👍 sames

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@doodlebear · Dec 23 '17 (edited)

> No, but there's not much sense sending like 0.001 SBD

Did you read my mind?;-)

I would say, the investment worth pursuing until the daily profit drops below 4$ US since its an after tax number and the objective security here to get your money back is zero (nothing personal...). If I only had more than 0.001 SBD, I would send them to you now. This way you'll have to wait a few days...

What makes you sure that the competition does not grow too big since its such a profitable business?

*edit*

One more (important!!) thing: You are not the person who is also @berniesanders, are you?

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4 replies

@wix · Dec 23 '17

$0.16

Number 3 is easy.. There are no guarantee's in investing, so you should never spend more than what you are willing to lose. That's why I'm starting off with a small investment of 2.717 SBD and I might do more in a couple days though.

👍 orcish, cdemon, crochetlover, wix, doodlebear

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`promoted`	0.000 HBD
`body_length`	233
`author_reputation`	2,322,705,666,331
`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	24,915,577
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`author_curate_reward`	""

properties (23)vote details (5)

voter	rshares	pct
orcish	11,543,859,839	100%
crochetlover	6,886,021,263	100%
wix	3,093,655,931	100%
doodlebear	530,384,858	100%
cdemon	7,153,662,783	100%

@doodlebear · Dec 23 '17

That's reasonable.

properties (22)

`author`	doodlebear
`permlink`	re-wix-re-doodlebear-re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171223t205916468z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"app":"steemit/0.1"}
`created`	2017-12-23 20:59:18
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`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
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@john.morra · Dec 23 '17 (edited)

http://s.quickmeme.com/img/a3/a32380ad0605a5d6b7ccef3ed0e6f2580251409e6340394a27948d4fb237fc02.jpg

properties (22)

`author`	john.morra
`permlink`	re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171223t204010067z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"image":["http://s.quickmeme.com/img/a3/a32380ad0605a5d6b7ccef3ed0e6f2580251409e6340394a27948d4fb237fc02.jpg"],"app":"steemit/0.1"}
`created`	2017-12-23 20:39:54
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`total_payout_value`	0.000 HBD
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`body_length`	98
`author_reputation`	31,840,126,954
`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	24,914,894
`net_rshares`	0

@marshalllife · Dec 23 '17

maximum is 300,minimum is what?

properties (22)

`author`	marshalllife
`permlink`	re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171223t203653662z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"app":"steemit/0.1"}
`created`	2017-12-23 20:37:00
`last_update`	2017-12-23 20:37:00
`depth`	1
`children`	2
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`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	24,914,586
`net_rshares`	0

@sames · Dec 23 '17

As stated in the post " the funding will succeed if at least 70 SBD "

👍 cfminer

`author`	sames
`permlink`	re-marshalllife-re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171223t203908611z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"app":"steemit/0.1"}
`created`	2017-12-23 20:39:09
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`beneficiaries`	`[]`
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`post_id`	24,914,825
`net_rshares`	237,393,188
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
cfminer	0 B		237,393,188	100%

@marshalllife · Dec 23 '17

yeah, i understand now

properties (22)

`author`	marshalllife
`permlink`	re-sames-re-marshalllife-re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171223t205902030z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"app":"steemit/0.1"}
`created`	2017-12-23 20:59:09
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`author_reputation`	27,833,320,238,303
`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	24,916,906
`net_rshares`	0

@mawit07 · Dec 23 '17

Oh what a idea! I want in on this. Been trying to do mining on my own and hitting a lot of road blocks. Been cloud mining but really want to do more mining.

properties (22)

`author`	mawit07
`permlink`	re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171223t232206545z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"app":"steemit/0.1"}
`created`	2017-12-23 23:22:09
`last_update`	2017-12-23 23:22:09
`depth`	1
`children`	6
`last_payout`	2017-12-30 23:22:09
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
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`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	156
`author_reputation`	800,502,847,124,197
`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	24,931,231
`net_rshares`	0

@sames · Dec 24 '17

well you have a week to send your sbd send as many as you want any time as long as it before 12/31/2017

properties (22)

`author`	sames
`permlink`	re-mawit07-re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171224t005142832z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"app":"steemit/0.1"}
`created`	2017-12-24 00:51:42
`last_update`	2017-12-24 00:51:42
`depth`	2
`children`	0
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`total_payout_value`	0.000 HBD
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`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	103
`author_reputation`	39,585,633,843,789
`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	24,939,179
`net_rshares`	0

@wix · Dec 23 '17

$0.16

Doing it as a group definitely reduces the risk and the amount of investment required. Really wish there were more people doing investment opportunities like this on here.

👍 orcish, cdemon, crochetlover, wix

`author`	wix
`permlink`	re-mawit07-re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171223t235633706z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"app":"steemit/0.1"}
`created`	2017-12-23 23:56:33
`last_update`	2017-12-23 23:56:33
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`children`	4
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`beneficiaries`	`[]`
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`post_id`	24,934,252
`net_rshares`	29,465,582,930
`author_curate_reward`	""

properties (23)vote details (4)

voter	rshares	pct
orcish	12,127,538,145	100%
crochetlover	6,763,784,199	100%
wix	3,058,895,752	100%
cdemon	7,515,364,834	100%

@mawit07 · Dec 24 '17

This has given me the thought that anyone who wants to try should do something similar. I have been waiting to buy a new computer but never had the funds to do so. I only mined for fun but love trying out building my own and running it. @tipu had a point that with SBD valued so high it is feasible to earn enough SBD and exchange it for a computer. 

Joining this group may relieve some headaches but I am interested in mining coins that have potential and not trying to earn a daily income. As a late comer to crypto I noticed that many who became millionaires in crypto started out on coins that were worth next to nothing. Now they are top in market cap. I am hoping to find a coin that would be the next 10000% gain. I may likely fail but I think this route is better for new investors than to earn a couple of dollars a day. Just my own opinion.

properties (22)

`author`	mawit07
`permlink`	re-wix-re-mawit07-re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171224t073618539z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"users":["tipu"],"app":"steemit/0.1"}
`created`	2017-12-24 07:36:18
`last_update`	2017-12-24 07:36:18
`depth`	3
`children`	3
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`cashout_time`	1969-12-31 23:59:59
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`body_length`	851
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`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	24,977,667
`net_rshares`	0

3 replies

@rexusmo · Dec 24 '17

$0.31

Sent 5

👍 rexusmo, tipu

`author`	rexusmo
`permlink`	re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171224t183952791z
`category`	introduceyourself
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`created`	2017-12-24 18:39:57
`last_update`	2017-12-24 18:39:57
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`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	25,060,757
`net_rshares`	58,841,421,299
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
rexusmo	0 B		33,981,224,591	100%
tipu	0 B		24,860,196,708	21%

@sames · Dec 23 '17

Opps already sent my sbd oh well alteast you still count them :)

properties (22)

`author`	sames
`permlink`	re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171223t203502890z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"app":"steemit/0.1"}
`created`	2017-12-23 20:35:03
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`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
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`percent_hbd`	10,000
`post_id`	24,914,386
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@sames · Dec 24 '17 (edited)

Here some way to make the crypto mining rig more profitable/energy efficient:
https://www.makeuseof.com/tag/build-energy-efficient-ethereum-mining-rig/

https://plus8.net/2017/04/15/crypto-radiator-saving-money-on-heating-by-mining-cryptocurrency-xmrmonero/

For the last link: Maybe in the summertime you can heat clothes/water/food?

👍 cfminer

`author`	sames
`permlink`	re-cfminer-announcing-cfminer-crowd-funded-miner-operating-in-the-steem-ecosystem-20171224t005906206z
`category`	introduceyourself
`json_metadata`	{"tags":["introduceyourself"],"links":["https://www.makeuseof.com/tag/build-energy-efficient-ethereum-mining-rig/","https://plus8.net/2017/04/15/crypto-radiator-saving-money-on-heating-by-mining-cryptocurrency-xmrmonero/"],"app":"steemit/0.1"}
`created`	2017-12-24 00:59:06
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`pending_payout_value`	0.000 HBD
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`body_length`	334
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`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	24,939,882
`net_rshares`	237,393,188
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
cfminer	0 B		237,393,188	100%

@steemitboard · Dec 23 '17

Congratulations @cfminer! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvote.png)](http://steemitboard.com/@cfminer) You made your First Vote
[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstpost.png)](http://steemitboard.com/@cfminer) You published your First Post
[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvoted.png)](http://steemitboard.com/@cfminer) You got a First Vote
[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@cfminer) Award for the number of upvotes received
[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcomment.png)](http://steemitboard.com/@cfminer) You made your First Comment

Click on any badge to view your own Board of Honor on SteemitBoard.
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If you no longer want to receive notifications, reply to this comment with the word `STOP`

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properties (22)

`author`	steemitboard
`permlink`	steemitboard-notify-cfminer-20171223t222623000z
`category`	introduceyourself
`json_metadata`	{"image":["https://steemitboard.com/img/notifications.png"]}
`created`	2017-12-23 22:26:21
`last_update`	2017-12-23 22:26:21
`depth`	1
`children`	0
`last_payout`	2017-12-30 22:26:21
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	1,301
`author_reputation`	38,975,615,169,260
`root_title`	"Announcing @cfminer - Crowd Funded Miner operating in the STEEM ecosystem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
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`net_rshares`	0

@tomosan · Dec 23 '17

You have my sword :)

properties (22)