Bitcoin Forum

Bitcoin => Group buys => Topic started by: KnCMiningOp on July 09, 2013, 12:47:29 AM



Title: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 09, 2013, 12:47:29 AM
Please post here: https://bitcointalk.org/index.php?topic=252584

About:

After our first & second successful group buys: https://bitcointalk.org/index.php?topic=243092.0;all & https://bitcointalk.org/index.php?topic=249820.0;all

We have decided to do another group buy for another KnCMiner Jupiter 400Gh/s

You can see the financials of the mining op here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1


Investment info:

1000 shares total:

750 shares public.

50 shares myself for management.  

200 shares being issued to the mining operation for re-investment.


Dividends:

Payed weekly on Saturdays.

Please note that these group buy 3 shares will not start receiving a dividend until this unit is up and mining.


Costs:

One-Time:
KnCMiner Jupiter $7,131
PSU: ~$250
AC Unit: $100
Shelf & misc: $50

Weekly:
Miner estimated power usage: ~$15
Standalone AC unit: ~$15

Monthly:
Rent: $0
Internet: $0
Management Fee: $0


Future Plans:

Short term investments on BTCT.
Create PT shares on BTCT.
Save profits and buy additional units.


Payment & Escrow:

John K escrow.

Or the mining op address is: 1vsNpyK548ew789iKTXprsK2SKYvMyiXD

When you send your payment please pm me the txid, your dividend address and your email address.

Price per share is .1 BTC


FAQ:

Are the shares transferable?
Yes they are.

Can I pay with Paypal?
Yes @ $10/share. Please PM me for details.

Can I pay via BTCT?
Yes you may. Please PM me for details.

What are the short term re-investments?
See the Shares table here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1

What are the dividend expectations per share?
See the Dividend Yield Estimates sheet here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1

What happens if BTC doesn't go over $100 USD?
I will ask everyone to send in a little extra BTC per share. If you paid with cash you won't need to pay anything more.
You will also have the option for a refund if you don't want to send any more, less any fees.

Has this unit been ordered yet and/or when will this ship?
No it hasn't been ordered and depending on when the order is placed depends on when it will ship.

Any other questions please PM me.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 09, 2013, 04:20:23 PM
526 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 13, 2013, 02:40:10 PM
Some people didn't pay in GB2 and someone asked for a refund in GB3, while some were moved up from GB3 to GB2.

As a result there are still 485 shares left in GB3.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 13, 2013, 05:46:34 PM
Advantages of this group buy vs some of the others:

This will not become my property after X amount of months.
This will run until it is no longer profitable OR we decide to keep mining and pay for the electric/AC.
More affordable at .1 per share with no minimums.
20% of the profits are re-invested into additional mining hardware or other mining assets.

470 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 15, 2013, 03:05:00 AM
435 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: John (John K.) on July 15, 2013, 02:35:18 PM
PS: Reposting as requested.

Escrow contract as promised.

Thanks,
John

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

The escrow address for wintermute420's KnCMiner group buy is:

17GFgHZPyzJbaCfr8Z1hYviZaAxbq5edBj

Please state and agree to the conditions (if item is received damaged, item lost with tracking, customs fee etc) beforehand.

If possible, GPG sign your agreement to prevent any discrepancies later on and please ship with tracking to prevent problems during delivery.
GPG signing is not a requirement, and any verbal exchange in the form of private messages or posts on bitcointalk.org, or email is effective as a statement of condition.

Do note that I am only responsible for the funds up to the point it is sent to KnCMiner.
Any losses incurred by KnCMiner's or wintermute420's failure to ship/reship will not be borne by me, but I will release the following data to aid in litigation actions.


1) Photo of wintermute420 and his Driving Licence
2) Photo of wintermute420's Driving Licence
3) Photo of an official letter addressed to wintermute420

I promise the safe destruction of the data after the successful completion of the group buy. The data received may be divulged for litigation purposes if needed on the event that the group buy does not complete successfully.

The fine print:
This Contract is solely generated for the purpose of facilitating the transaction between the seller and the buyer, which refers to the pseudonyms used on bitcointalk.org.
The escrow holder, John, assumes and gives no liability or guarantees on the satisfaction of all parties involved, although he agrees to mediate and facilitate the deal to the fullest extent he is capable of.  On the event that any problems arises, he will release the escrow to whichever party that presents him with the most convincing proof and/or after an open discussion with others or theymos.  
The verbal acceptance by both parties (or the failure to reject) and the sending of Bitcoins to the escrow address above constitutes the acceptance of the terms and conditions stated, and the activation of this Contract.

Please understand that I am assuming the risk of holding the escrowed Bitcoins, and I am using my own time to facilitate this transaction.  
I am imposing a fixed and nonrefundable fee of 2% for this transaction, to be deducted when the funds are moved, regardless of the completion status of the group buy.

Thank you.

John (the escrow holder)
24 June 2013
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (MingW32)
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=L3FP
-----END PGP SIGNATURE-----



Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 15, 2013, 11:27:41 PM
Thanks John.

395 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 16, 2013, 11:54:35 AM
390 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 16, 2013, 02:32:42 PM
288 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 17, 2013, 11:59:20 AM
368 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 17, 2013, 10:46:58 PM
318 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 18, 2013, 11:36:37 AM
284 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 20, 2013, 06:47:33 PM
417 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: carlotech on July 21, 2013, 02:56:34 AM
can i still avail 8 shares?


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 21, 2013, 03:35:28 AM
can i still avail 8 shares?

Yes 8 shares are available.

Actually there are 332 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: carlotech on July 21, 2013, 03:00:18 PM
sent.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 21, 2013, 03:42:34 PM
sent.

Payment confirmed.

311 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 22, 2013, 04:03:46 AM
301 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 22, 2013, 06:30:50 PM
295 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: Its About Sharing on July 22, 2013, 09:50:17 PM
PM Sent


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 22, 2013, 10:02:51 PM
PM Sent

Reserved 82 shares.

213 shares left.



Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 22, 2013, 10:31:10 PM
PM Sent

Reserved 82 shares.

213 shares left.

Paid via Paypal.

193 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 23, 2013, 12:24:33 AM
188 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 23, 2013, 03:04:24 PM
173 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 23, 2013, 10:49:52 PM
161 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 24, 2013, 11:56:29 AM
151 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 24, 2013, 02:57:51 PM
125 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 25, 2013, 03:01:23 AM
115 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: albon on July 25, 2013, 04:07:40 PM
Hi

Sent you $30 for 3 shares


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: albon on July 25, 2013, 04:16:24 PM
Hi

Can I also buy 1 share with btc


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 25, 2013, 11:25:28 PM
albon payments confirmed.

82 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 26, 2013, 12:43:22 AM
67 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 26, 2013, 04:08:13 AM
53 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 26, 2013, 12:15:39 PM
28 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 27, 2013, 02:02:04 PM
20 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 27, 2013, 08:01:12 PM
All shares have been reserved and/or paid for. There is the possibility that some shares might open up if any of the reservations don't pay in time. Please send me a PM or email and I can reserve any shares for you if that is the case.


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: Chef Ramsay on July 28, 2013, 06:44:28 PM
Just curious but what is the ETA on the reservations in terms of placing the order?


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on July 28, 2013, 06:47:35 PM
Just curious but what is the ETA on the reservations in terms of placing the order?

This Wednesday.


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: Its About Sharing on August 01, 2013, 07:34:02 AM
Just curious but what is the ETA on the reservations in terms of placing the order?

This Wednesday.

Hey KnCMiningOp - Any updates?

Thanks and hope all is well,
IAS


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on August 01, 2013, 11:58:58 AM
Just curious but what is the ETA on the reservations in terms of placing the order?

This Wednesday.

Hey KnCMiningOp - Any updates?

Thanks and hope all is well,
IAS

Had some people not make payment. So 48 shares still left. I might make a quick loan to the op. Tomorrow is my absolute deadline to get this thing ordered.


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: Its About Sharing on August 01, 2013, 03:15:16 PM
Just curious but what is the ETA on the reservations in terms of placing the order?

This Wednesday.

Hey KnCMiningOp - Any updates?

Thanks and hope all is well,
IAS

Had some people not make payment. So 48 shares still left. I might make a quick loan to the op. Tomorrow is my absolute deadline to get this thing ordered.

Thanks for the update. I'm flat broke so can't pick up any more shares. Hope you find a way, but if not, still appreciate all the work you did.
We need a more transparent system so people who reserve shares like that and then don't pay don't do the same with other auctions. Yes - A handle list somewhere. No judgment, just sharing.

IAS


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on August 01, 2013, 03:20:41 PM
Just curious but what is the ETA on the reservations in terms of placing the order?

This Wednesday.

Hey KnCMiningOp - Any updates?

Thanks and hope all is well,
IAS

Had some people not make payment. So 48 shares still left. I might make a quick loan to the op. Tomorrow is my absolute deadline to get this thing ordered.

Thanks for the update. I'm flat broke so can't pick up any more shares. Hope you find a way, but if not, still appreciate all the work you did.
We need a more transparent system so people who reserve shares like that and then don't pay don't do the same with other auctions. Yes - A handle list somewhere. No judgment, just sharing.

IAS

I understand where you are coming from and do think that some people should be on a list like that, but not everyone doesn't pay out of malicious reasons. Peoples finances change and things come up. I would be more for something along the lines of expanding the current trust system to incorporate promises/deliveries.


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: Its About Sharing on August 01, 2013, 03:38:22 PM
Just curious but what is the ETA on the reservations in terms of placing the order?

This Wednesday.

Hey KnCMiningOp - Any updates?

Thanks and hope all is well,
IAS

Had some people not make payment. So 48 shares still left. I might make a quick loan to the op. Tomorrow is my absolute deadline to get this thing ordered.

Thanks for the update. I'm flat broke so can't pick up any more shares. Hope you find a way, but if not, still appreciate all the work you did.
We need a more transparent system so people who reserve shares like that and then don't pay don't do the same with other auctions. Yes - A handle list somewhere. No judgment, just sharing.

IAS

I understand where you are coming from and do think that some people should be on a list like that, but not everyone doesn't pay out of malicious reasons. Peoples finances change and things come up. I would be more for something along the lines of expanding the current trust system to incorporate promises/deliveries.

Agreed, I don't think we should penalize a person for canceling 1 time. But if someone has a history of it, then that should be integrated into a trust system. As, they basically stopped others from getting in and perhaps even are partly responsible for killing an auction. That then puts people like me (and the others in this auction) looking for another auction and then being further down the list. It also stops people from going into more than one auction and just seeing which one reaches the end first and canceling the other.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on August 01, 2013, 03:42:39 PM
Agreed.

43 shares left.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on August 01, 2013, 04:36:22 PM
bananton reserved 43 shares.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on August 01, 2013, 04:57:49 PM
bananton reserved 43 shares.

Payment confirmed.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on August 02, 2013, 04:16:02 PM
Unit has been ordered. Order# 4999

Those of you with open reservations please contact me and let me know if you are still interested otherwise your shares will be up for grabs in the morning CST.


Title: Re: [OPEN] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on August 02, 2013, 04:49:04 PM
Receipt:

http://i41.tinypic.com/16av0ax.png


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on August 04, 2013, 05:23:04 PM
Majority of shares have been sold and paid for. 1 person is waiting on Coinbase and because he is already a partial shareholder I'll extend him the time required for Coinbase to finalize the transfer.

All 3 Jupiters have been order so for all practical purposes we can say this GB is closed!


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: jungle_dave on October 08, 2013, 04:31:06 PM
Any news on shipping yet?


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: Its About Sharing on October 08, 2013, 05:22:27 PM
Any news on shipping yet?

I'm curious when the cut-off date was for October deliveries. I emailed KNC with that question.
Anyone know, that might tell us where we stand?

If you look at the KNC Miner thread, you can see approximate order numbers shipping now and those about to ship.
https://bitcointalk.org/index.php?topic=170332.13820 (https://bitcointalk.org/index.php?topic=170332.13820)


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: carlotech on October 26, 2013, 08:39:27 AM
any updates on this? ;D


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: madpoet on October 26, 2013, 09:42:46 PM
He's been sending emails all 3 are online and there have been distributions made.


Title: Re: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s
Post by: KnCMiningOp on October 27, 2013, 01:34:40 AM
any updates on this? ;D

Yes! All three Jupiters are up and hashing. I just sent out a dividend. Also you can keep an eye on things here: http://54.243.221.120/