Bitcoin Forum

Bitcoin => Group buys => Topic started by: tyrion70 on July 13, 2013, 08:20:04 PM



Title: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on July 13, 2013, 08:20:04 PM
We've asked John K to verify our identities. You can find his posts here: https://bitcointalk.org/index.php?topic=238336.msg2618021#msg2618021

Miner 1: 240/240 shares sold
Miner 2: 240/240 shares sold
Miner 3: 240/240 shares sold
Miner 4: 240/240 shares sold
Miner 5: 240/240 shares sold

Following our 2 successfull earlier KNC Jupiter groupbuys, we decided to start another groupbuy.

This groupbuy will stop after 5 miners are bought and payed for. We'll start a new one after that. The 5 miners will be treated as a group for BTC/USD currency losses. That means, any difference in price on the 5 miners in total will be payed back or withheld at first dividend.

We are still splitting miners into 240 shares. Price is set at 0.35 BTC per share.

Our groupbuys are special because of our ADDICTION asset on Bitfunder. Once hashing these 5 miners will become a part of the ADDICTION network, just like the previous groupbuy
Because delivery of these miners is later than the first (possibly two) batches, we can't and won't issue new ADDICTION shares until these miners are delivered and running.

Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 400GH which would mean for every share you'd receive 50 ADDICTION shares, regardless of the actual price at that time.
This ensures that ADDICTION share value does not  dillute but still represents the same hashrate (currently predicted at 32.26MH per share). You can choose not to have your shares converted to Bitfunder. In that case we'll just payout to your btc address. Your shares will still be part of the ADDICTION network, just without Bitfunder.

If you need to contact us we can be reached by email at p2poolnl @ googles email . com
Also check out the updates at http://p2pool.nl/blog/

Just like in the last groupbuys we will be buying shares of this groupbuy ourselves :)

We expect that you have read up on KNCMiner and what its about.
https://bitcointalk.org/index.php?topic=214285.0
https://bitcointalk.org/index.php?topic=170332.0

You can also read up on the old groupbuy
https://bitcointalk.org/index.php?topic=227400.0
and
https://bitcointalk.org/index.php?topic=238336.0

For more details on the IPO and details of costs involved look on Bitfunder:
https://bitfunder.com/asset/ADDICTION (click profile-> description)

Shares
Each share is only 0.35 BTC. Each miner is divided into 240 Shares.

1 Share gives you the right to 1/248th of the BTC proceeds from a KNC Jupiter Miner mining 24/7 after deduction of costs. The remaining 8 shares will be owned by OP as payment for maintaining the miners.

Payment will be based on the proceeds from every individual miner until shares are issued to Bitfunder. Once the miner is added to the ADDICTION network each share is calculated over the total ADDICTION network

The miners will be most likely be hosted at a datacenter in the Netherlands.

When mining is not profitable anymore, we will attempt to sell the miners or find another use for them. Any proceeds thereof will be distributed as dividend.

How to buy shares
You need to send 0.35 BTC per share and post the TX id in this thread or PM. Make sure you own the send address used. We will use the sending address for payouts. Change of this address is only possible with a signed message from that address.

IMPORTANT, if you want to convert to bitfunder, please inform us of your Bitfunder ID (if we don't have it already). If you don't want to convert to bitfunder, ensure you send BTC from an address which is owned by you. Using online wallets is not recommended. We ask this because we will use the from address for payouts. You can request an address change only with a signed message. If you are unable to send from a private address please contact us through PM BEFORE transfering your money. We'll give you a random numer of satoshi's to transfer along to prove it's you.

Miners will be divided into 240 shares. For each lot completely filled an actual payment to KNC will be done. This groupbuy will stop once 5 miners are bought.

In case of non-delivery
We believe KNC will keep its promises. In case KNC does not deliver we will do everything in our power to refund your (and our own) investments. We cannot guarantee this however. Buying these shares means you agree to not hold us responsible in case KNC does not deliver.

In case of hardware failure
We believe the gear should be able to run 24 months, but since there are no working devices yet we simply don’t know. In case of hardware failure we will have KNC repair or replace the machine. Any costs involved will be deducted from payment as costs.

Appropriate Payment Address ;)
1BuYkNC9h1EKUHeiB3t2jyUydR4yYSsiy6

Dividends
Payouts will take place bi-weekly. Statements will be made available on http://p2pool.nl/blog/

Payment on shares will commence the miner attached to the shares is delivered.

Until shares are actually issued to bitfunder, it is possible to transfer ownership of your shares. We will however charge a 0.1BTC transfer fee (per transaction) for this. If you decide not to transfer the shares to bitfunder, this transaction feel will be kept in place.

Who are we
We are Tyrion70 and Blastbob. We’re from Norway and The Netherlands and decided to team up on a number of ventures (p2pool.nl being the most prominent). Since we both very much liked the KNC offering we wanted to offer this to a bigger public.

We've completed two other KNC groupbuys where we bought a total of 20 KNC Jupiters.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: tyrion70 on July 13, 2013, 08:20:53 PM
Code:
Miner 05 -  Shares Sold:
Username             # shares  Transaction confirmed
anonymous            136       yes
a28hz                4         yes
anonymous            80        yes
maqifrnswa           5         yes
Hhee                 20        yes

Code:
Miner 04 -  Shares Sold:
Username             # shares  Transaction confirmed
tyrion70&blastbob    5         yes
btceic               15        yes
Regenmacher          1         yes
quantummine          14        yes
kerhac               1         yes
hasher87             6         yes
Regenmacher          1         yes
stfnnn               10        yes
alzaron              8         yes
stfnnn               10        yes
soapmodem            25        yes
joele                10        yes
joele                30        yes
tyrion70&blastbob    40        yes
anonymous            64        yes

Code:
Miner 03 -  Shares Sold:
Username             # shares  Transaction confirmed
tyrion70&blastbob    71        yes
tyrion70&blastbob    90        yes
tyrion70&blastbob    35        yes
Undef                6         yes
scosa                10        yes
hardinero007         5         yes
kuriboh              1         yes
ottuzzi              16        yes
holy_pie             1         yes
hardinero007         5         yes


Code:
Miner 02 -  Shares Sold:
Username             # shares  Transaction confirmed
tyrion70&blastbob    31        yes
ffwong               12        yes
jamesc760            2         yes
quantummine          9         yes
quantummine          4         yes
tyrion70&blastbob    30        yes
tyrion70&blastbob    90        yes
alzaron              7         yes
Kushedout            15        yes
wolfskill            1         yes
hardinero007         9         yes
leepsteer00          1         yes
jski                 4         yes
leepsteer00          1         yes
DavidMc0             5         yes
tyrion70&blastbob    18        yes

Code:
Miner 01 -  Sold!
Username             # shares  Transaction confirmed
tyrion70&blastbob    1         yes
tyrion70&blastbob    1         yes
tyrion70&blastbob    10        yes
btceic               12        yes
tyrion70&blastbob    100       yes
Bigdaddyaz           6         yes
tyrion70&blastbob    99        yes
leepsteer00          1         yes
eRadicant            2         yes
hardinero007         6         yes
jamesc760            1         yes
hardinero007         1         yes


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: blastbob on July 13, 2013, 08:21:11 PM
Miner01 - Bought - https://blockchain.info/tx/3cad1e5360f3f3b03212f55dab9aa7653f313965ff43dbd48d3da0d62e6ac3d1
Miner02 - Bought - https://blockchain.info/tx/a3f94dfc8522ca47b16f88b8925cfd755740578cd93188415c4736f53efb3015
Miner03 - Bought - https://blockchain.info/tx/2d5aa3911b6f757d91d671b55a2fcd0c4ab017c08352329f1510b70462f0b684
Miner04 - Bought - https://blockchain.info/tx/ab8e74588514037b84de6e98fb5b3330f89a558e2cbcd7fa2dd4882c2d0f35ad
Miner05 - Bought - https://blockchain.info/tx/475446bc1857a009bbb4a8f3d815134617dfadcca5d44fb1a9d38977513ad609


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: btceic on July 13, 2013, 08:26:57 PM
10 12 shares for me please!

thanks tyrion70 && blastbob you guys are the best!


#########################################
Status: 0/unconfirmed, broadcast through 8 nodes
Date: 7/13/2013 16:34
To: KnCMiner 3 Share 1BuYkNC9h1EKUHeiB3t2jyUydR4yYSsiy6
Debit: -4.20 BTC
Transaction fee: -0.00000001 BTC
Net amount: -4.20000001 BTC
Transaction ID: 5f9ea1851992717fc46853a32e8d4aa414b77c9933e09fb694a2dcdde5667a0c
#########################################


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: tyrion70 on July 13, 2013, 10:08:38 PM
Thanks btceic! And welcome again!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: Bigdaddyaz on July 13, 2013, 11:03:21 PM
Sent 2.1 BTC for 6 shares. TXID: d16fcfe943b70b1400165e04a83508e255edfe0ad500ffbccc943d018c158acf

Thx...


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: hardinero007 on July 14, 2013, 03:41:24 AM
hi boss, there's this bitfury miner with some group buys going on.  same 400 ghash/s mining power with bitfury costing more (approx 30%).  what's your insight on bitfury vs knc?  will bitfury deliver earlier since it costs more?  i'm thinking about investing some btc in bitfury to diversify my investments, but if knc will deliver as promise, i might put all investment on knc.  hope you can enlighten us.  thanks.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: blastbob on July 14, 2013, 03:47:00 AM
hi boss, there's this bitfury miner with some group buys going on.  same 400 ghash/s mining power with bitfury costing more (approx 30%).  what's your insight on bitfury vs knc?  will bitfury deliver earlier since it costs more?  i'm thinking about investing some btc in bitfury to diversify my investments, but if knc will deliver as promise, i might put all investment on knc.  hope you can enlighten us.  thanks.

Quick answer..

http://decentralizedhashing.com/bitcoin-mining-equipment-table/

The 400GHs Bitfury mention there is out of stock..

Tyrion can give you a better one when he wakes up :)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: hardinero007 on July 14, 2013, 05:55:52 AM
yes, btc for btc, or pound for pound, knc jupiter offers the best investment.  is there a likelihood that knc wont deliver by october while bitfury does deliver?  i've invested alot in knc and nothing yet in bitfury.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: hardinero007 on July 14, 2013, 05:58:13 AM
is there an estimate on when will the miners of this batch will be delivered relatively to the day 1 delivery?


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: eRadicant on July 14, 2013, 11:08:44 AM
So the miner is essentially being divided into 248 shares except you will own 8 of them (+12 more)
Can you give an estimate of running costs per day per share?

Electricity won't be more than 2 or 3 cents


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: tyrion70 on July 14, 2013, 12:43:28 PM
So the miner is essentially being divided into 248 shares except you will own 8 of them (+12 more)
Can you give an estimate of running costs per day per share?

Electricity won't be more than 2 or 3 cents
Correct, and the 12 will be a lot more :) havent had time to update the post yet, but we've already added btc for 200 more shares so the first miner is almost sold :)

We are finalizing negotiation with our hosting partner (a datacentre in the netherlands) so I can't give any exact numbers yet, but it should be cheaper than KNC hosting ($350 per month per miner). I din't know what you mean with 2 or 3 cents, but one miner is 1KW so it won't run very long on 3 cents :)

[quote cauthor=hardinero007 link=topic=255729.msg2726128#msg2726128 date=1373781493]
is there an estimate on when will the miners of this batch will be delivered relatively to the day 1 delivery?
[/quote]
According to latest KnC news, the miners ordered now should get a week number for shipment. We will offcourse try to negotiate delivery together with the other miners, but can't guarantee that.

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: tyrion70 on July 14, 2013, 12:46:55 PM
yes, btc for btc, or pound for pound, knc jupiter offers the best investment.  is there a likelihood that knc wont deliver by october while bitfury does deliver?  i've invested alot in knc and nothing yet in bitfury.
Hard to say.. All our money is on KnC, but if thats wise only time can tell.. Spreading risk can be wise, but I can't look into your btc wallet so to speak. If either one doesn't deliver it's gonna cost a lot of money so don't invest money which you can't afford to lose I guess..

Start post updated btw :)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 230/240 shares sold 4 miners left
Post by: leepsteer00 on July 14, 2013, 01:24:07 PM
Sent 0.35 BTC for 1 share. TX: ce2642ae4fae48f1268090557cdc5d4c7f677b9b1e141241f96a5e84949c19a1


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: eRadicant on July 14, 2013, 01:52:33 PM
We are finalizing negotiation with our hosting partner (a datacentre in the netherlands) so I can't give any exact numbers yet, but it should be cheaper than KNC hosting ($350 per month per miner). I din't know what you mean with 2 or 3 cents, but one miner is 1KW so it won't run very long on 3 cents :)
So, let's say running costs were 300 per month, then:
300/30/248 = 4cents/day/share?

Would that be the correct calculation? And apart from this, there are no other fees involved right?


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 230/240 shares sold 4 miners left
Post by: hardinero007 on July 14, 2013, 02:19:46 PM
boss, 6 shares for me. thanks.  i've invested alot in kncminer, hope they won't let us down.  or else i'll jump into river.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 230/240 shares sold 4 miners left
Post by: blastbob on July 14, 2013, 02:43:52 PM
boss, 6 shares for me. thanks.  i've invested alot in kncminer, hope they won't let us down.  or else i'll jump into river.

I doubt they do, they have all the personal information available on the whole crew. And they use Orsoc etc..
But i would like more information about chip process, but they might keep that low due competition.
They also allow wire transfer and paypal, so there is possible to trace things there also. Instead of BitCoin only ;)

Its better than those one man army shows..

If something doesn't go as planned, i am only 4 hours away from their offices with car.

From the looks for it, i will get a KnC before any BFL ;)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 230/240 shares sold 4 miners left
Post by: hardinero007 on July 14, 2013, 03:12:44 PM
boss, thanks for making me feel better.  anyway here's a signed message:

address: 1ANuhXNoNrqYNZB1ifG2eFmaEn9KXySxeh

message: hi boss, 2.1  btc sent for 6 shares of knc group buy 3 miner #1.

signature: HEPPkn4tnLn30SRn/2S9ASRiNPHqNM+uaKAGBYCu+QW6PoNlrpCytyNJTT0y6B7ZjhF9vJPJsOwwQfD+q9Vwl3c=


tx id: 52e6de9a66e9ef61e72b0fb63c6f9a7a2e9915b84b311b887c8c30232690bc2c

thanks. hope this gb#3 miner#1 will be sold out asap.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 230/240 shares sold 4 miners left
Post by: jamesc760 on July 14, 2013, 03:17:34 PM
Hi tyrion70,

I just sent you 0.35 btc for 1 share.

tx id: 2c7be547de05e6f0bef4724f0e676c302a04c8d9131a150919876c33c73408d0

And I'd like to reserve another 2 shares, to be paid (0.70 btc) as soon as tomorrow or the day after.

Thanks for your hard work!!!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 230/240 shares sold 4 miners left
Post by: hardinero007 on July 14, 2013, 03:33:31 PM
boss, 1 last share... still for miner#1

tx id: 8a95d274ec328d6e9a71f49a7082f75014196c38f9f9601495201b8d0bdfb0e1

thanks.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened!
Post by: tyrion70 on July 14, 2013, 05:48:59 PM
We are finalizing negotiation with our hosting partner (a datacentre in the netherlands) so I can't give any exact numbers yet, but it should be cheaper than KNC hosting ($350 per month per miner). I din't know what you mean with 2 or 3 cents, but one miner is 1KW so it won't run very long on 3 cents :)
So, let's say running costs were 300 per month, then:
300/30/248 = 4cents/day/share?

Would that be the correct calculation? And apart from this, there are no other fees involved right?
Ahh per share :) now I see where you got the cents :) Correct..

As for costs; aside from one-time costs to get the stuff working (shipping, tax, power supplies etc) we don't expect any other recurring costs. A complete description of costs can be found in the asset description on Bitfunder (https://bitfunder.com/asset/ADDICTION click profile->description)

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 230/240 shares sold 4 miners left
Post by: tyrion70 on July 14, 2013, 05:54:00 PM
boss, 1 last share... still for miner#1

tx id: 8a95d274ec328d6e9a71f49a7082f75014196c38f9f9601495201b8d0bdfb0e1

thanks.
Start post updated; bumped your share to miner 1 cuz it was technically just sold out ;-)

We'll be paying the miner shortly and post screenshot as usual!

Lets get that 2nd miner going :D


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 1/240 shares sold 1/5 miners sold!
Post by: ffwong on July 15, 2013, 01:06:46 AM
Thanks for organizing the 3rd GB.

12 shares from me (ffwong)

Date: 15-Jul-13 09:05
Amount: 4.20 BTC
Transaction ID: 9f07e9a604776bb1feb778b02783a46e6af859d12f4f1ea3b9a0f998b6bf1c83


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 43/240 shares sold 1/5 miners sold!
Post by: tyrion70 on July 15, 2013, 11:54:26 AM
Welcome again!

Start post updated; 43 shares sold on miner 2 :D


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 43/240 shares sold 1/5 miners sold!
Post by: jamesc760 on July 15, 2013, 06:11:27 PM
Hi Tyrion70,

You have listed me as jamesc460, it should be jamesc760.

Thanks,

James



Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 43/240 shares sold 1/5 miners sold!
Post by: tyrion70 on July 15, 2013, 06:23:21 PM
Hi Tyrion70,

You have listed me as jamesc460, it should be jamesc760.

Thanks,
James
My bad; fixed it.. Good reminder why I normally always copy-paste :)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 43/240 shares sold 1/5 miners sold!
Post by: jamesc760 on July 15, 2013, 08:08:47 PM
Hi Tyrion70,

You have listed me as jamesc460, it should be jamesc760.

Thanks,
James
My bad; fixed it.. Good reminder why I normally always copy-paste :)

No problem, and thank you for fixing it in such timely manner, bodes well for any future problems that may arise. You guys are the best!

Jamesc760

PS: I'm getting ready to send 0.70 btc for 2 more shares soon, today.



Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 43/240 shares sold 1/5 miners sold!
Post by: jamesc760 on July 15, 2013, 11:51:12 PM
Just sent you 0.70 btc for 2 shares.

tx id: 373aad52dfe85fd6e75a4e58b3e6ee940edd165acc5b6ae4ffbb15c618eb6bc4

Let's get miner #2 filled!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 43/240 shares sold 1/5 miners sold!
Post by: quantummine on July 16, 2013, 08:35:56 AM
9 shares for me please:

TX id: 1a042a7c268d1658548fc15dce64cc2489559384fb0cc23407c14203458d459d



Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 43/240 shares sold 1/5 miners sold!
Post by: quantummine on July 16, 2013, 05:31:16 PM
+ 4 more please

TX id: 28591780a3b6813bbba4ff1a9bb5ce791fa63ccfe5d8a539d3f4a9059f3d8888

Thanks


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: tyrion70 on July 16, 2013, 06:06:56 PM
James & Quantummine added to start post thanks!

88 shares sold so far!

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: hardinero007 on July 18, 2013, 02:10:47 AM
boss, any idea when will the miners for this group buy be delivered?  will it also be on day 2 like those of group buy 2?


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: blastbob on July 18, 2013, 03:38:54 PM
boss, any idea when will the miners for this group buy be delivered?  will it also be on day 2 like those of group buy 2?


Hoping for day2, depends on when we got these 5 ready.

Funds for the second miner is in.. Third miner is up for grab :)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: alzaron on July 18, 2013, 09:13:34 PM
sent 2.45 BTC for 7 shares

0837c785d725e02ca9b939a0fb7f0eef2685aca57ef0f7e8bf5427d59f0bd0bb


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: Kushedout on July 18, 2013, 09:15:52 PM
5.25 sent for 15

/tx/5386213188542b02d4db8ff4ceec52b1606482568536cd978d7233ed30306e5a

Thanks


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: wolfskill on July 18, 2013, 10:26:08 PM
Just sent 0.35 BTC for 1 share on miner 2 - Transaction ID: 50dc3ff8b93aea6ed4b447b6b5bc7bafba8f7d72529c17329bb8a0f67fce71ff


WolfSkill


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: blastbob on July 18, 2013, 11:32:55 PM
Thanks guys, we will go over the latest shares.

We will wait on buying the second minder until price has gone up a little, there is no rush :)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: btceic on July 18, 2013, 11:41:14 PM
I am planning on purchasing an additional 15 shares, by next friday.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: blastbob on July 19, 2013, 12:41:42 AM
I am planning on purchasing an additional 15 shares, by next friday.

That should be possible :)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: btceic on July 19, 2013, 12:51:43 AM
I am planning on purchasing an additional 15 shares, by next friday.

That should be possible :)

thanks blastbob, the way i figure it, this should get me up to 100gh!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: hardinero007 on July 19, 2013, 04:36:44 AM
hi boss, is the miner#1 included in day 2? i've got some shares there.  btc price down from 98 to 88.  will it rise back very soon?  i've got some btc sitting and i'm thinking to buy more knc shares or not.  boss, with september delivery still 2 months away, do you think knc is real thing?  or there's this bitfury and vmc selling their new miners also.  i like knc, but there's still fear with what happened with bfl.
 


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: tyrion70 on July 19, 2013, 04:57:45 AM
hi boss, is the miner#1 included in day 2? i've got some shares there.  btc price down from 98 to 88.  will it rise back very soon?  i've got some btc sitting and i'm thinking to buy more knc shares or not.  boss, with september delivery still 2 months away, do you think knc is real thing?  or there's this bitfury and vmc selling their new miners also.  i like knc, but there's still fear with what happened with bfl.
Hey,

No way of telling shipping date for sure untill KNC actually confirms it.. We can only hope.. That being said; we still believe KNC to be the real deal yeah :)

Start post updated; we'll be buying the 2nd miner shortly!

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: hardinero007 on July 19, 2013, 10:35:11 AM
boss, question: if the miners in 3rd batch group buy didn't arrive at the same time, eg... miner #1 & #2 arrives earlier, and miners 3-5 arrives 1 week later.  will the shares for miners #1 & #2 be listed in bitfunder earlier? and shares for miners 3-5 be listed later?  or do you negotiate with knc for the batch 3 miners to be delivered on the same day?
 


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: blastbob on July 19, 2013, 10:48:23 AM
boss, question: if the miners in 3rd batch group buy didn't arrive at the same time, eg... miner #1 & #2 arrives earlier, and miners 3-5 arrives 1 week later.  will the shares for miners #1 & #2 be listed in bitfunder earlier? and shares for miners 3-5 be listed later?  or do you negotiate with knc for the batch 3 miners to be delivered on the same day?
 

It all depends on how fast we can sell the 5 miners, goal is to get them as fast as possible. If day 2, then perfect.


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: hardinero007 on July 19, 2013, 11:03:21 AM
boss, what if after purchasing miners 1 & 2, it took 1 week to purchase miners 3,4&5.  will there be a possibility that the delivery of miners 1&2 be earlier than 3,4&5?  or do you negotiate with knc for same day delivery for this group of 5 miners?


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: hardinero007 on July 19, 2013, 11:06:16 AM
anyway boss, i think its hard to make clear answers as some things are out of our control.  i'll be buying some shares for miner #2.  my wallet is draining fast, help me out of this kncmining temptation...


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: hardinero007 on July 19, 2013, 11:42:47 AM
boss, here's 9 shares for miner#2

tx id: 822ef8efea60240a9cd4b59dadfb0b58a3046185e2c65a9bd9d646dd12798fc8

cheers!


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: leepsteer00 on July 19, 2013, 12:48:22 PM
Sent .35 BTC for a share, Thanks.  :)

TX: 13dc06d8a25276153618b17daac903e6a77b5a2a9e32313efc3492cae1008888


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: blastbob on July 19, 2013, 03:02:09 PM
Good news from KnC. They released more R&D info

https://www.kncminer.com/news/news-25

Quote
We have part of an internal presentation we would like to share with you today. While it contains some technically sensitive information (which we have not released earlier for competitive reasons). We believe it’s now in the best interests of our customers  for us to release this information.

The below slides contain information relating the physical setup of the chip and the internal layout of the device. The biggest news is that we can confirm that our chips will have a quad core solution.

https://www.kncminer.com/images/rnd/Slide2.png

https://www.kncminer.com/images/rnd/Slide3.png

https://www.kncminer.com/images/rnd/Slide4.png

https://www.kncminer.com/images/rnd/Slide5.png

https://www.kncminer.com/images/rnd/Slide6.png

https://www.kncminer.com/images/rnd/Slide7.png

https://www.kncminer.com/images/rnd/Slide8.png


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: btceic on July 19, 2013, 03:14:03 PM
Good news from KnC. They released more R&D info

https://www.kncminer.com/news/news-25

Quote
We have part of an internal presentation we would like to share with you today. While it contains some technically sensitive information (which we have not released earlier for competitive reasons). We believe it’s now in the best interests of our customers  for us to release this information.

The below slides contain information relating the physical setup of the chip and the internal layout of the device. The biggest news is that we can confirm that our chips will have a quad core solution.

https://www.kncminer.com/images/rnd/Slide2.png

https://www.kncminer.com/images/rnd/Slide3.png

https://www.kncminer.com/images/rnd/Slide4.png

https://www.kncminer.com/images/rnd/Slide5.png

https://www.kncminer.com/images/rnd/Slide6.png

https://www.kncminer.com/images/rnd/Slide7.png

https://www.kncminer.com/images/rnd/Slide8.png

great news, thank you!


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: jski on July 19, 2013, 03:56:34 PM
Put me in for 4 shares in miner 2

tx id

08df2d9264ed55032e13d8c57739cc38864100639018df32d182699a0684d902


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: blastbob on July 19, 2013, 04:02:22 PM
Put me in for 4 shares in miner 2

tx id

08df2d9264ed55032e13d8c57739cc38864100639018df32d182699a0684d902

Tyrion will update the numbers later today :)


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: leepsteer00 on July 19, 2013, 04:06:04 PM
Another 1 share please  :D

TX: 7ec13ede61b2a11f684d364a4ad887d747f3d49f2556e1af1a8a667a51f20b02


Title: Re: [Groupbuy] 3rd batch KNCMiner - 202/240 shares sold 1/5 miners sold!
Post by: DavidMc0 on July 19, 2013, 05:31:08 PM
I'd like 5 shares in miner 2 please:

7251a8d8b993ca4831d17a8c4a578f8734130639a364969ab99a540b0ffebe9e

My BitFunder ID is DavidMc0

Thanks!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Just opened! 88/240 shares sold 1/5 miners sold!
Post by: jamesc760 on July 19, 2013, 05:39:22 PM
I am planning on purchasing an additional 15 shares, by next friday.

That should be possible :)

thanks blastbob, the way i figure it, this should get me up to 100gh!

100gh??? Damn, I can barely has 6gh thus far into asic group buy.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: blastbob on July 19, 2013, 07:49:42 PM
We just bought miner 2 and 3 in this group buy! ADDICTION now got a total of 23 miners running at 400GHs each.


Miner02 - Bought - https://blockchain.info/tx/a3f94dfc8522ca47b16f88b8925cfd755740578cd93188415c4736f53efb3015
Miner03 - Bought - https://blockchain.info/tx/2d5aa3911b6f757d91d671b55a2fcd0c4ab017c08352329f1510b70462f0b684


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: Kushedout on July 19, 2013, 08:37:46 PM
September is going to be a lovely month.   ;D

I say we keep going. Buy as many miners as we can like an addict.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: kirk46 on July 20, 2013, 09:10:58 AM
ADDICTION now got a total of 23 miners running at 400GHs each.



WOW

Difficulty skyrocket much :D


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: hardinero007 on July 20, 2013, 12:18:23 PM
hi tyrion n blastbob, i noticed that you're buying lots of shares for yourselfs.  seems that you're really confident that even 3rd batch group buy will bring attractive returns :)  what do you think the roi for this? 100%? 200%? 300%?  avalon batch 3 miners arriving today (2 months late) are estimated to earn around 50% only - meaning they invested $79 and will get around $120 in 2 years.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: tyrion70 on July 20, 2013, 12:38:23 PM
hi tyrion n blastbob, i noticed that you're buying lots of shares for yourselfs.  seems that you're really confident that even 3rd batch group buy will bring attractive returns :)  what do you think the roi for this? 100%? 200%? 300%?  avalon batch 3 miners arriving today (2 months late) are estimated to earn around 50% only - meaning they invested $79 and will get around $120 in 2 years.

Well it all depends on the eventual difficulty when mining starts and and the exact delivery date, but yes we still think it'll be attractive returns.. At least the first few months should be good. I'm still confidend we'll make more than ROI, but it's to soon to tell if it's be 120% or 500%.. The timeframe will be a lot quicker than 2 years I think though, if you look at the rate difficulty is going up.

Cheers,


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: hardinero007 on July 20, 2013, 12:44:36 PM
wow 500% - tell me how will it be possible to attain 500%?  hmm... maybe only if other asic miners will not deliver or be late in delivering... if that's the case, will the 500% be attainable?  boss, what do you mean by 120% -> 1 btc investment will bring 2.2 btc?


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: tyrion70 on July 20, 2013, 12:53:12 PM
wow 500% - tell me how will it be possible to attain 500%?  hmm... maybe only if other asic miners will not deliver or be late in delivering... if that's the case, will the 500% be attainable?  boss, what do you mean by 120% -> 1 btc investment will bring 2.2 btc?

Ho ho ho! I didn't say 500.. I tried to explain it can be anywhere betwee 120 and 500... :D

And 120 is return of 120 for 100 invested.. so 20% profit.

to give an example; if difficulty keeps going up by 20% average (which should be a pretty dark scenario).. The first week we'll mine around 8 btc per miner.. however that profit will keep droppign 20% a week then if diff keeps rising.. So you see, difficulty has huge impact on ROI. It'll be most important to just get the miners up and running asap.. To that effect; we're discussing if flying/driving over to pickup both day 1 and day 2 shipments might be better as shipping will most likely take a few days to. If we pick them up ourselves we can have all miners running on day 3 maybe even on day 2. Something we probably won't make if we have them shipped.

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: Undef on July 20, 2013, 04:45:11 PM
Six shares, please.

TxID: 7b3f61e7f67fc54bdab21ac40ba2429bb761cf9fb082d9d5a9d5fe7f1c0832e0

Begin signed message
----
There are five sending addresses in TxID 7b3f61e7f67fc54bdab21ac40ba2429bb761cf9fb082d9d5a9d5fe7f1c0832e0

The first is 1N2RSVV...  For this miner's payout, coud I use this address?

1MLdPqfpDZbcB46rZbVd64pCFqExofFPn9

Thanks!
----
Signature: H7LCCowbp2WE9vJYCeIaLUx/cx/J8bcahYq7N/E+70Pwn7cdGOmXu23lbn7k50Ol8ykY345UoR1c7V4VngRWvmA=

(Edit: typoed the first address in the Tx...)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 202/240 shares sold 2 miners sold!
Post by: tyrion70 on July 21, 2013, 08:58:20 PM
Sorry for the late reply :) Updated start post! Welcome!

Six shares, please.

TxID: 7b3f61e7f67fc54bdab21ac40ba2429bb761cf9fb082d9d5a9d5fe7f1c0832e0

Begin signed message
----
There are five sending addresses in TxID 7b3f61e7f67fc54bdab21ac40ba2429bb761cf9fb082d9d5a9d5fe7f1c0832e0

The first is 1N2RSVV...  For this miner's payout, coud I use this address?

1MLdPqfpDZbcB46rZbVd64pCFqExofFPn9

Thanks!
----
Signature: H7LCCowbp2WE9vJYCeIaLUx/cx/J8bcahYq7N/E+70Pwn7cdGOmXu23lbn7k50Ol8ykY345UoR1c7V4VngRWvmA=

(Edit: typoed the first address in the Tx...)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 218/240 shares sold 2 miners sold!
Post by: jamesc760 on July 22, 2013, 01:04:28 PM
Let's discuss addiction on bitfunder. Advantages and disadvantages? I understand bitfunder to be like stock exchange, but I am a noob. How do you pay us biweekly in bitfunder? I mean, btc or usd? Please give us more details.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 218/240 shares sold 2 miners sold!
Post by: hardinero007 on July 22, 2013, 01:37:38 PM
Let's discuss addiction on bitfunder. Advantages and disadvantages? I understand bitfunder to be like stock exchange, but I am a noob. How do you pay us biweekly in bitfunder? I mean, btc or usd? Please give us more details.

advantage of listing your shares in bitfunder is that you can easily sell it, or buy more shares.  price depends on seller and buyer.  for example, you have 200 shares, you may opt to sell 50 of your shares at 0.01 btc/share, you will then make an order of 50 shares at 0.01 btc.  when someone got interested on your order, he may buy some or all of the 50 shares at 0.01 btc/share.  payments will be given as dividend to shareholders every 2 weeks.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 218/240 shares sold 2 miners sold!
Post by: hardinero007 on July 22, 2013, 02:27:54 PM
boss... another 5 shares for miner #3.  isn't miner #3 already purchased few days ago?

tx id:  https://blockchain.info/tx/32643cf82d70311f290798e8126fcec60189cba18b7542385acd5103e58c3f61

thanks!

guys, invest here... the more the merrier!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 218/240 shares sold 2 miners sold!
Post by: tyrion70 on July 22, 2013, 02:52:13 PM
Hey! Welcome aboard again ;)

Yeah it's been payed already since we had enough funds.. Still have a few shares to sell though :)

@James, hardinero basically said it all. With respect to dividends, if you choose to have you shares on bitfunder, dividends will be payed into your bitfunder account in btc. From there you can buy new shares or withdraw via weexchange.

Cheers,


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 218/240 shares sold 2 miners sold!
Post by: jamesc760 on July 22, 2013, 04:40:34 PM
@hardliner and tyrion,

Thank you very much for your answers. Addiction shares on Bitfunder is a unique aspect to this groupbuy! Thank you to tyrion and blastbob for setting it up!!

Let's get these miner shares sold already!!!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 218/240 shares sold 2 miners sold!
Post by: kuriboh on July 22, 2013, 06:41:05 PM
1 Share for me please

https://blockchain.info/tx/2897b0249f2f47e8e1a144b9234397adb23461845c8850f53505b8ee1a1c0ba5

Same payment address as before

I hope I get more BTC to buy more shares :D


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 218/240 shares sold 2 miners sold!
Post by: tyrion70 on July 23, 2013, 04:43:32 AM
1 Share for me please

https://blockchain.info/tx/2897b0249f2f47e8e1a144b9234397adb23461845c8850f53505b8ee1a1c0ba5

Same payment address as before

I hope I get more BTC to buy more shares :D
Got it! Thanks


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 224/240 shares sold 2 miners sold!
Post by: ottuzzi on July 23, 2013, 07:09:43 AM
Hi,

   please reserve last 16 shares from 3rd Jupiter, I'll pay you 5.6btc (0.35btc/share*16share) at about 20.00UTC.

Bye


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 3rd! 224/240 shares sold 2 miners sold!
Post by: tyrion70 on July 23, 2013, 06:05:42 PM
Hi,

   please reserve last 16 shares from 3rd Jupiter, I'll pay you 5.6btc (0.35btc/share*16share) at about 20.00UTC.

Bye

Hi,

Added you and two others who bought trhu PM to miner 3. Bumped some of our own shares to miner 4 which is now officially for sale! :D

Only 234 shares left! Get them while the're hot ;)

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 6/240 shares sold; 3 miners sold!
Post by: kirk46 on July 23, 2013, 06:11:21 PM
have KNC moved the release to October?


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 6/240 shares sold; 3 miners sold!
Post by: tyrion70 on July 23, 2013, 06:30:16 PM
have KNC moved the release to October?
Hey,

Based on the message on their site saying if you order today you'll get your miner in October? That only counts for miners ordered today (so technically this groupbuy as well). We'll sure try to get these miners in our second batch to, but can't make any promises there yet.

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 6/240 shares sold; 3 miners sold!
Post by: btceic on July 23, 2013, 06:37:55 PM
tyrion, 15 more for me please, payment of 5.25 will be made by 7pm est tonight.

Thanks for all of your hard work and effort into these group buys!



Status: 0/unconfirmed, broadcast through 7 nodes
Date: 7/23/2013 15:52
To: KnCMiner 3 Share 1BuYkNC9h1EKUHeiB3t2jyUydR4yYSsiy6
Debit: -5.25 BTC
Transaction fee: -0.00000001 BTC
Net amount: -5.25000001 BTC
Transaction ID: eced85fa252821013a7fc404bb535463dd3e57feda2abcbff2ac1391ddd7aeef


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 6/240 shares sold; 3 miners sold!
Post by: tyrion70 on July 23, 2013, 08:27:52 PM
tyrion, 15 more for me please, payment of 5.25 will be made by 7pm est tonight.

Thanks for all of your hard work and effort into these group buys!

Got it! Thanks!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 21/240 shares sold; 3 miners sold!
Post by: ottuzzi on July 23, 2013, 08:37:37 PM
Cut after dashes to check this message signature
------------------------------------------------
Hi tyrion70,

   I just sent 5.6BTC with txid 18d047098e97a5106fef617f0adfe1d0876861e9e19a99e685955f4949f11146. Please wait some time before checking for transaction id as my client is still syncing with the network.
I signed this message with my own address 1Ei2qUDy7cmKpNWfNVB3DGi3xzz6Xhrkgp

Thanks
Bye
-------------------------------------------------
This message signature is G/dUPIcxkerQvus0SlIj0lrA2P9uM4xKrzBKcAPq15FF2d0osye7NE3cFqvWri00gcosTsH0k9x6BM9IbB9awQo=


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 21/240 shares sold; 3 miners sold!
Post by: tyrion70 on July 23, 2013, 08:46:52 PM
https://blockchain.info/nl/tx/18d047098e97a5106fef617f0adfe1d0876861e9e19a99e685955f4949f11146

Its there allright :D

Thanks!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 21/240 shares sold; 3 miners sold!
Post by: Regenmacher on July 23, 2013, 10:29:55 PM
Paid 1 Share:

http://blockchain.info/tx-index/caefa833ba928724d83e4bf00f140e36084af8a9292b5001b23753fea63d6fbe

My Name on BitFunder is Regenmacher.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 21/240 shares sold; 3 miners sold!
Post by: hardinero007 on July 24, 2013, 01:01:33 AM
hi boss, 5 shares paid for miner #3 for the reservation reserved thru PM.

tx id: 8c15ded0c18f01d577f39348f7ba048c7489ee94cadfee0ae56e6d831acd57ad

thanks!



Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 21/240 shares sold; 3 miners sold!
Post by: hasher87 on July 24, 2013, 06:02:13 AM
a friend wanted to join the GB and he's thinking of getting 3 shares, which is equivalent to 150 shares in Bitfunder (1.05btc)

and another 3 shares for my own as well (1.05btc)

can you reserved it for me please, until i get his money?  ;D

so im looking at 6 shares to buy


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 21/240 shares sold; 3 miners sold!
Post by: quantummine on July 24, 2013, 08:02:29 AM

14 x more shares on Transaction id please

792a9c271de294cad4857e1e834884e566b5eadf7b5478c411d6d6572bde20cf


Thank you kindly.





Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 21/240 shares sold; 3 miners sold!
Post by: kerhac on July 24, 2013, 11:47:13 AM
1 share (0.35BTC)
Transaction id: 98879ae910c2c64304383593bdb86d6be77d494e4d8fb99cf3f872cf23d90980
https://blockchain.info/tx/98879ae910c2c64304383593bdb86d6be77d494e4d8fb99cf3f872cf23d90980


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 42/240 shares sold; 3 miners sold!
Post by: tyrion70 on July 24, 2013, 06:15:51 PM
Updated start post, all above payments confirmed. Thanks

@Hasher; when will you be making the payment? I added you to the list already.

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 42/240 shares sold; 3 miners sold!
Post by: hardinero007 on July 24, 2013, 11:52:33 PM
boss, just to inform you that  i have 10 shares for miner #3, wherein i paid in two different times.  one is 5 shares, another also 5 shares.  i see in the OP that i only have 5 shares for miner #3.

regards


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 42/240 shares sold; 3 miners sold!
Post by: Regenmacher on July 25, 2013, 12:02:01 AM
one more plsss thx

http://blockchain.info/tx-index/aa00b7726725abccccd273f3d020acf643980e49fa118adcc3bde6b85f2a5151


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 42/240 shares sold; 3 miners sold!
Post by: tyrion70 on July 25, 2013, 05:03:28 AM
boss, just to inform you that  i have 10 shares for miner #3, wherein i paid in two different times.  one is 5 shares, another also 5 shares.  i see in the OP that i only have 5 shares for miner #3.

regards
My apologies, mistyped a name :( Corrected now!

Updated start post as well :)

Cheers


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 42/240 shares sold; 3 miners sold!
Post by: hasher87 on July 25, 2013, 11:06:28 AM
Updated start post, all above payments confirmed. Thanks

@Hasher; when will you be making the payment? I added you to the list already.

Cheers
hoping to seal the deal by end of this week. thanks  :)


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 53/240 shares sold; 3 miners sold!
Post by: alzaron on July 25, 2013, 04:28:55 PM
Sent 2.8 btc more for 8 shares
https://blockchain.info/tx/e87ca88c408d160330832867bf42325656700a9d3bbe1fc6941de0ebf4dfaa10


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 61/240 shares sold; 3 miners sold!
Post by: tyrion70 on July 25, 2013, 08:54:19 PM
start post updated! Thanks


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 71/240 shares sold; 3 miners sold!
Post by: joele on July 27, 2013, 01:47:40 PM
Sent 3.5 btc - 10 shares

tx id: 17c338426f369d6f0444bdd20624f1e1128f67b33553fb3c9fec5feb926100f1
https://blockchain.info/tx/17c338426f369d6f0444bdd20624f1e1128f67b33553fb3c9fec5feb926100f1

BTC address: 1JME1dvN2zAAgXhXPnWSWFGQ4Z1iHALFj9

Blockchain Public Note: From bitcointalk user joele, payment 10 shares @ 0.35 Groupbuy 3rd batch KNCMiner by tyrion70

Thank you


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 71/240 shares sold; 3 miners sold!
Post by: joele on July 27, 2013, 03:19:05 PM
New another sent 10.5 btc = 30 shares

tx id: defbe03e4ab001af70f0c42585dfbc53e9eb1ee37fb12e76f3baf0faccd554ae
https://blockchain.info/tx/defbe03e4ab001af70f0c42585dfbc53e9eb1ee37fb12e76f3baf0faccd554ae

BTC address: 1JME1dvN2zAAgXhXPnWSWFGQ4Z1iHALFj9

Blockchain Public Note (for verification):
From bitcointalk user joele, payment 30 shares @ 0.35 = 10.50. Groupbuy 3rd batch KNCMiner by tyrion70

Thank you


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 176/240 shares sold; 3 miners sold!
Post by: tyrion70 on July 27, 2013, 04:27:44 PM
Added your shares to start post Joele, welcome!

Cheers,


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 136/240 shares sold; 4 miners sold!
Post by: tyrion70 on July 27, 2013, 06:48:30 PM
Miner 4 is officially sold as well as a big part of miner 5. Will be making payment to KnC shortly.

Cheers,


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 136/240 shares sold; 4 miners sold!
Post by: a28hz on July 27, 2013, 08:13:25 PM
4 shares for me,

tx id: 4e28750356cf306a9f96015c23b77311870b412b4adab0dbd328ae816eae1a24
BTC address: 1K8AXXAo8V5AmLge7oMqUQvP8rfCmkpRrd

Thank you.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 220/240 shares sold; 4 miners sold!
Post by: tyrion70 on July 27, 2013, 09:10:01 PM
Allright, miner 4 and 5 have been payed:

https://blockchain.info/nl/tx/475446bc1857a009bbb4a8f3d815134617dfadcca5d44fb1a9d38977513ad609
https://blockchain.info/nl/tx/ab8e74588514037b84de6e98fb5b3330f89a558e2cbcd7fa2dd4882c2d0f35ad

Only 20 shares left and then this groupbuy is closed. This will probably be the last groupbuy for some time due to holidays and such.

Cheers!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 220/240 shares sold; 4 miners sold!
Post by: btceic on July 27, 2013, 09:11:42 PM
Excellent work tyrion! we all appreciate how much effort, time and resources have gone into this!


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 220/240 shares sold; 4 miners sold!
Post by: maqifrnswa on July 27, 2013, 11:03:44 PM
_____
5 shares
TX id 751d342dce65e3a044212e04785a2cfd2d8adc7b101b8bd027efbc44d3189936

BTC payment address:
1CCWLKvbw4tvfCNeRkPhZ4DYxPcGoJZnKm

thanks you
______
signed:
H5bp3W/Pd0pBComFW2pQS8parN1JCQ5KY+qx1YOGVdGe4d9oQmwO1Ii8FsTjHkv9+uKJ3KYzgP8jrgXl6yjyBLk=
by sending address:
1DXCqXn8M7VJ7c1K5H5qhMSkZKkpSesQ8o


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 220/240 shares sold; 4 miners sold!
Post by: hhee on July 28, 2013, 02:03:52 AM
7btc for 20shares
https://blockchain.info/tx/7d6d9bfb7193a18603d91bd97a224aa14f41aa08e5d561a0c2de5a70ebb5c996


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 220/240 shares sold; 4 miners sold!
Post by: hhee on July 28, 2013, 02:15:09 AM
Hi Tyrion70.
There are only 15shares left and I have bought 20shares just now. Please refund me 1.75 btc for 5 shares.
Thank you.


Title: Re: [Groupbuy] 3rd batch KNCMiner - Buying 4th! 220/240 shares sold; 4 miners sold!
Post by: tyrion70 on July 28, 2013, 07:22:49 AM
Sold out!

Hhee, will refund your 5 shares shortly.

@all, thank you for participating in this groupbuy!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: leepsteer00 on July 28, 2013, 11:58:11 AM
So, when is the 4th gb going to be started? :)


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: hasher87 on July 28, 2013, 04:44:43 PM
https://blockchain.info/tx/8f46182273f7bfd1154cd2abaaa47c4647654ce96194c003c084426e3b0c3885

sent you the btc for my reserved 6 shares =)


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: kirk46 on July 30, 2013, 10:10:37 AM
nooooo i was going to buy 10 shares today :(


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on July 30, 2013, 01:44:55 PM
Short update from KnC,

Hi Guys

We would like to say that. Yes....we did tape-out of the ASIC some time ago. The exact details of the ASIC schedule, volumes, vendor etc. is kept internal since it's very sensitive information towards competitors. The product development tasks are on-track."

We are still on schedule to begin shipping in September.

Thanks
KnCMiner Team


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on August 02, 2013, 07:29:47 PM
Short update from KnC,

Hi Guys

We would like to say that. Yes....we did tape-out of the ASIC some time ago. The exact details of the ASIC schedule, volumes, vendor etc. is kept internal since it's very sensitive information towards competitors. The product development tasks are on-track."

We are still on schedule to begin shipping in September.

Thanks
KnCMiner Team

Best news I have read all day today!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on August 02, 2013, 07:31:57 PM
tyrion and blastbob,

Any plan on double-checking share holders' payout addresses and bitfunder id's??

I'm a little worried that you might not have my bitfunder id.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on August 02, 2013, 07:35:13 PM
tyrion and blastbob,

Any plan on double-checking share holders' payout addresses and bitfunder id's??

I'm a little worried that you might not have my bitfunder id.
Hey James,

Yes we will be double checking everything shortly. I just checked and I have your bitfunder userid on file :)

You can expect a PM within the next 7 days. (A self-set deadline always works ;))

Cheers!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on August 04, 2013, 06:55:57 PM
First 30 odd PM's have been sent :D Rest will follow soon..


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: Kushedout on August 09, 2013, 09:08:54 PM
Quote from: KNCminer
It’s time again for another newsletter from us. Today’s newsletter will have the following sections

1.  Reseller agreement
2.  November Pricing
3.  Development progress
4.  Hosting update
5.  Pre-configuration options
6.  Upgrade removal
 
Reseller agreement
 
We would like to announce the beginning of our reward based reseller program. Anyone can become a registered reseller of our devices. The rewards are simple, for every 10 sales of one individual device you will receive one of the same items for free. For example, provide us with 10 Jupiter sales and we will ship you a complete Jupiter free of charge. Sell 10 Saturn’s and we will ship you a Saturn free of charge the same applies for Mercury devices.
 
It’s that simple!
 
To register as a reseller simply contact info@kncminer.com . We will then provide you with a reseller ID, and then all you have to do is get people to click on a special link in the format of
 
https://www.kncminer.com/?resellerid=xxx Where xxx = your reseller ID number.
 
You are free to advertise your own personal link on any site/forum/portal you wish. We will soon be providing an online report where you can view your sales, but for now please contact info@kncminer.com and we can provide you with a sales report.
We will also be providing sample banners and images shortly. All registered resellers will receive a copy of the banners when available.
 
November pricing
 
With difficulty increasing the way it is, we would like to give an indication of a November price drop. Currently all orders placed and paid for will ship in October, and yes, we still have space within October for more orders. However, as soon as this is no longer the case we will adjust our prices for November accordingly.
 
To give you an indication on the forthcoming price drop a Jupiter device will cost less than 5000 USD. More information will follow on this when October shipping becomes full.
 
Development progress
 
While we wait for the chips to finish production, we have some news on the development progress, and it’s good news. We have been continuously testing our design to get the best out of the chips. We would like to say, that while the spec of Jupiter will remain a guaranteed minimum 400 GH/s we can confirm that we are expecting to be over that mark by a considerable margin.
 
Hosting update
Hosting has become quite popular and we are filling up fast for September and October devices. Space is becoming limited, so for those of you wanting to host with us we recommend you order hosting as soon as possible to avoid disappointment.
 
Pre-Configuration Options
 
There has been a small update made to our webshop. You will now have the option to enter your Pool preferences with wallet address and/or worker Name ID. We would like to invite all customers who wish to preconfigure their devices to return to the site, login to our shop and enter your details. The new fields can be found under the “my account” page.For people with orders of multiple devices who wish to preconfigure, you can enter one [worker name] we will then add _[xx]  which will be automatically configured on all of your devices before they leave our factory. This means that all you have to do is plug them in and walk away.
 
Upgrade removal
 
For people wishing to take advantage of our current upgrade process you have one more week left, as of next Friday this option will no longer be available to any customers.
 
Thanks
KnCMiner team

Lets return our orders, repurchase it under reseller agreement and get a free miner or two.  ;D


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on August 09, 2013, 09:10:45 PM
Was just about to post the news :) You beat me to it...

We could do that, but then we wouldn't get the miners in september anymore ;-) Think we're better off the way we are..

But; it does mean 10% off on the next purchase.. Since miners will cost less than 5K$ in november that's a good thing :D

Cheers


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: Kushedout on August 09, 2013, 09:30:36 PM
Good point. Jokes aside, I think this newsletter was all around good news.
The only company that leaves a good vibe after an update.

My only regret is, not investing as much as I should of initially, though I been buying some shares here and there, slowly increasing my position in Addiction since the price is pretty low right now, I guess people are cashing out to buy some of them new shiny IPOs that are popping out everywhere.

If KnC delivers on time, I am with you guys 100% on the next round of GB purchase from KnC.

September is going to be very exiting. I got my popcorn ready.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on August 09, 2013, 09:43:30 PM
Good point. Jokes aside, I think this newsletter was all around good news.
The only company that leaves a good vibe after an update.

My only regret is, not investing as much as I should of initially, though I been buying some shares here and there, slowly increasing my position in Addiction since the price is pretty low right now, I guess people are cashing out to buy some of them new shiny IPOs that are popping out everywhere.

If KnC delivers on time, I am with you guys 100% on the next round of GB purchase from KnC.

September is going to be very exiting. I got my popcorn ready.
September is going to be a good month I hope! I've got the popcorn as well, even though there's still a lot of work ahead.. I hope to send out the last 30 odd PM's over the weekend.. My wife is due to give birth though so it might be little later ;)

I agree that a lot of people must have sold their positions on other assets because of all the new IPO's. Almost all assets have dropped in price lately. I expect that as soon as miners are actually delivered we'll see prices rising again :)

Also, we've almost finalized the hosting agreements.. As you know we are not going to host at KnC but instead found a big european Datacenter which is very bitcoin friendly.

We will be paying partly in euro's and partly in BTC. This is to ensure we have a legal fiat contract without having to worry about any legal implications of the status of bitcoin. At current BTC/USD pricing we've got a more than competitive price (cheaper than KNC), without having a long-term contract.

Cheers,


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: Kushedout on August 09, 2013, 11:05:10 PM
Oh right. Congrats Bro!!!  :D


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on August 09, 2013, 11:16:08 PM
great news, thanks again tyrion70 && blastbob!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on August 10, 2013, 08:45:35 PM
Allright guys (and gals? ;)) short update. We've finished sending out PM's to all buyers on Groupbuy 2 and 3. If you haven't received a PM please let us know.

Cheers,
BlastBob & Tyrion70


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on August 13, 2013, 02:32:50 AM
You, both tyrion and blastbob, ROCK!

Thanks,

James


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: kuriboh on August 13, 2013, 04:02:43 AM
Allright guys (and gals? ;)) short update. We've finished sending out PM's to all buyers on Groupbuy 2 and 3. If you haven't received a PM please let us know.

Cheers,
BlastBob & Tyrion70

Very excited, September is coming xD


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on August 13, 2013, 01:20:23 PM
Tyrion70, Blastbob,
Have you guys considered doing anything with the affiliate program? We could potentially get a miner for free added to the operation!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on August 13, 2013, 05:35:52 PM
Tyrion70, Blastbob,
Have you guys considered doing anything with the affiliate program? We could potentially get a miner for free added to the operation!

Hey btceic,

We'll await the final delivery date first before starting new GB's on november delivery, but then we'll certainly use the affiliate program to get free miners :) 10% of is very nice :)

Cheers,


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on August 22, 2013, 05:56:42 PM
Latest KnC News here as well:

https://www.kncminer.com/news/news-30

https://www.kncminer.com/userfiles/image/ASIC_PCB.jpg

Its all getting really close now :D

Also if you haven't checked it out, please take a look at our investment fund idea here:
https://bitcointalk.org/index.php?topic=277191.0

Cheers!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on August 23, 2013, 04:28:16 PM
Another great news from knc. Looks real, very real. I had lived in Lund, Sweden a while ago, attending a uni. Beautiful place, beautiful people. Swedish people are HONEST, almost to a fault. I also lived in other countries where the people weren't so. I will be shocked if knc turns out to be another bfl.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on September 06, 2013, 11:07:39 AM
Hey Everyone,

September has started! Within a few weeks we should be hashing away with our Jupiters.

This post serves a few reasons. We now have information spread out over 4 different topics as well as bitfunder as well as the blog (which hasn't been updated recently ;) ). When hashing starts we will post the updates only on bitfunder and the blog. Feel free to discuss it here or in any topic of course :) Specifics for this groupbuy will be posted here of course.

Just in case: The blog is located on
http://p2pool.nl/blog/

Second, we've secured our PSU's. We just got word from our datacenter that they have arrived with DHL:

https://i.imgur.com/XoxFldq.jpg
https://i.imgur.com/fNlqL4R.jpg
http://www.seasonicusa.com/images/M12II-Bronze-650-750-850/AM-650-750-850-2.jpg

We've chosen the Seasonic M12II 850W 80+ Bronze as our PSU of choice. This PSU more than meets KnCs requirements and we are positive that even if performance exceeds current expectations this PSU will still more than hold up.

As soon as we receive word on final delivery we'll let you know!

Cheers,
BlastBob & Tyrion70


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on September 06, 2013, 11:12:09 AM
Hey Everyone,

September has started! Within a few weeks we should be hashing away with our Jupiters.

This post serves a few reasons. We now have information spread out over 4 different topics as well as bitfunder as well as the blog (which hasn't been updated recently ;) ). When hashing starts we will post the updates only on bitfunder and the blog. Feel free to discuss it here or in any topic of course :) Specifics for this groupbuy will be posted here of course.

Just in case: The blog is located on
http://p2pool.nl/blog/

Second, we've secured our PSU's. We just got word from our datacenter that they have arrived with DHL:

https://i.imgur.com/XoxFldq.jpg
https://i.imgur.com/fNlqL4R.jpg
http://www.seasonicusa.com/images/M12II-Bronze-650-750-850/AM-650-750-850-2.jpg

We've chosen the Seasonic M12II 850W 80+ Bronze as our PSU of choice. This PSU more than meets KnCs requirements and we are positive that even if performance exceeds current expectations this PSU will still more than hold up.

As soon as we receive word on final delivery we'll let you know!

Cheers,
BlastBob & Tyrion70

Thanks for the updates guys, its a very exciting time!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on September 18, 2013, 10:56:31 AM
Quote
Dear KnCMiner Customer,

You have orders marked for Pickup on Day 1.

If you intend to pick up your device in person we require an officially recognised international verification of your identity. Accepted forms of identification consist of passport or driving license/ID.

If you wish for someone other than yourself to pick up the order you need to send us a scanned copy of their picture ID.  This will need to be supplied within 5 days. The scanned ID will need to match the person picking up your order.


Med vänlig hälsning  |  Best regards
Customer Service
Kncminer
www.kncminer.com
Office: +46 8559 253 20

Sooooo close!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: kuriboh on September 18, 2013, 07:49:08 PM
That's awesome, we are really close!!!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: Kushedout on September 18, 2013, 09:02:54 PM
That's awesome, we are really close!!!

So close, I can taste it..... never mind, that was breakfast


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: blastbob on September 19, 2013, 03:48:25 PM
http://forum.kncminer.com/forum/main-category/hardware/2545-kncminer-28nm-die-photos-hot-of-the-press-from-our-packaging-assembly-house

Quote
KnCMiner 28nm Die Photos - Hot of the Press from our Packaging Assembly House

Guy’s, below we have some photos to share from our packaging house in Asia who are currently are in possession of our wafers; slicing and packaging the dies into the chips you and we so badly want to get our hands on.

The finish line is in sight. A few sleepless nights yet, but we are doing everything we can to keep our delivery promise. This is nail-biting to say the least.

Going to post some more hosting facility pictures on the forum later today as well. So look out for those. They’re from last weekend, something else we’ve forgone for the immediate future. Let’s just take a moment to thank or very understanding wives, and children, who have been exceptionally restrained and understanding considering the last few months. We’re all looking forward to making amends on some lost time there.

However, there are a couple of pictures below, we know you’ve anxiously wanted to see. As you can see we’ve managed to etch our logo onto the die itself. To give you some idea of scale, the logo itself is just under 1mm in height

http://forum.kncminer.com/filedata/fetch?photoid=2546


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on September 30, 2013, 10:32:23 AM
NEWS UPDATE

https://www.kncminer.com/news/news-38

Quote from: KNCMining
We have relocated most of our operation to the factory over the weekend. The first delivery of the chips have arrived and have been populated on the boards. We have begun testing and initial results are good, we will have more updates throughout the day. We know many of you are calling and we are sorry if we cannot answer your call. This is a very busy time for us but we are all hands on deck we can assure you of that.

https://i.imgur.com/rvE8ATk.jpg


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on September 30, 2013, 05:01:50 PM
I guess they won't ship until sometime in October.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: kuriboh on September 30, 2013, 09:10:57 PM
Awesome news guys

https://www.youtube.com/watch?v=JFOcI8nK2xI

576 GH/s and shipping today


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on September 30, 2013, 09:15:03 PM
Awesome news guys

https://www.youtube.com/watch?v=JFOcI8nK2xI

576 GH/s and shipping today

Fuck yeah!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: clintar on September 30, 2013, 09:49:25 PM
Ok, where do i sign up for additional shares on next machines?


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: kuriboh on September 30, 2013, 09:51:01 PM
https://bitfunder.com/asset/ADDICTION


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: blastbob on October 07, 2013, 06:45:47 AM
Forum is back up! YAY

We are currently hashing stable at 4.5TH and rest of our miners will hopefully be picked up as early as possible this week.

Will update on status on the remaining ones when we got some concrete infomation.

http://p2pool.nl/blog/mining-update/

Some pictures:

https://i.imgur.com/5rkFcop.png

http://p2pool.nl/blog/wp-content/uploads/2013/10/IMG_00000013-300x168.jpg

http://p2pool.nl/blog/wp-content/uploads/2013/10/IMG_00000011-300x168.jpg

http://p2pool.nl/blog/wp-content/uploads/2013/10/IMG_0894-143x300.jpg

http://p2pool.nl/blog/wp-content/uploads/2013/10/IMG_0890-300x198.jpg

http://p2pool.nl/blog/wp-content/uploads/2013/10/IMG_00000012-300x168.jpg


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: philipma1957 on October 07, 2013, 10:59:46 AM
this is the third order 5 ordered 0 arrived


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: Tiennou74 on October 08, 2013, 04:24:40 AM
Does it make sense for me to buy Addiction shares now?

They are currently trading at ฿0.008 per share
What can I expect from 1 share? (Still 33MH/S)
When the units are delivered everybody is going to have new shares and I would be diluted?


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jski on October 08, 2013, 01:55:54 PM
"Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 400GH which would mean for every share you'd receive 50 ADDICTION shares, regardless of the actual price at that time.
This ensures that ADDICTION share value does not  dillute but still represents the same hashrate (currently predicted at 32.26MH per share)."

Read the OP, also I believe the hash per share went up due to the Juniper's running above 400GH.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: blastbob on October 08, 2013, 02:14:16 PM
"Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 400GH which would mean for every share you'd receive 50 ADDICTION shares, regardless of the actual price at that time.
This ensures that ADDICTION share value does not  dillute but still represents the same hashrate (currently predicted at 32.26MH per share)."

Read the OP, also I believe the hash per share went up due to the Juniper's running above 400GH.

Shares are around 40MH/s with current firmware. Might be better over time.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on October 08, 2013, 11:14:23 PM
Tyrion70, Blastbob, please issue direct shares to those of us in the US.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: Tiennou74 on October 09, 2013, 02:35:48 AM
I want to own Addiction shares but I'm trying to understand why the price of shares has dropped. Something that I don't know? Is it because of the delay in GB 2 and 3 delivery?


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: kuriboh on October 09, 2013, 02:46:47 AM
In my opinion Non-US citizens have a great buy opportunity. Us Citizens are screwed.

Bitfunder will soon be closing to the US

Quote
Important Notice (October 8th, 2013):

Please be advised that BitFunder is implementing the following rules and procedures:

As of October 8th, 2013, BitFunder will not accept new registrations from any United States persons or entities. All new registrants must supply the information required to obtain "Verified" status on their linked WeExchange account. BitFunder may, in its sole direction, decline to accept any new registrations.

As of October 8th, 2013, all current BitFunder users who are located in the United States or are determined to be United States persons or entities will not be able to enter into any new positions on the Bitfunder website, and, as of November 1, 2013, such users will also not be allowed to sell positions on the BitFunder website.

All current BitFunder users who are not United States persons or entities must supply the information required to obtain "Verified" status on their linked WeExchange account before November 1, 2013. Any such users who fail to provide the necessary information will not be able to enter into or sell positions on the BitFunder website as of November 1, 2013.

Users will be able to withdraw holdings and Bitcoins from their BitFunder accounts before and after November 1, 2013.

All assets and issuers must demonstrate that they meet BitFunder's requirements for the listing of assets, or the assets and issuers will, at BitFunder's sole discretion, be denied access to, or removed from, the site. Issuers will be notified of any additional information needed to demonstrate compliance with BitFunder's requirements.

BitFunder appreciates your understanding in these matters as we move forward.

Sincerely,
BitFunder


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on October 09, 2013, 02:48:58 AM
I want to own Addiction shares but I'm trying to understand why the price of shares has dropped. Something that I don't know? Is it because of the delay in GB 2 and 3 delivery?

Bitfunder is closing itself off to US residents, idiots are panic selling for fear that they will not be able to get their funds back.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: kuriboh on October 09, 2013, 02:52:36 AM
I want to own Addiction shares but I'm trying to understand why the price of shares has dropped. Something that I don't know? Is it because of the delay in GB 2 and 3 delivery?

Bitfunder is closing itself off to US residents, idiots are panic selling for fear that they will not be able to get their funds back.

Its not a market for everyone, All assets in bitfunder lost a lot of value because these idiots who don't know how to read. I even think some of them are non-US citizens xD


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on October 09, 2013, 02:57:02 AM
Tyrion and Blastbob,

I'd like you to issue my share of the payouts to my non-Bitfunder address. As a US resident, I need to stay out of Bitfunder and their restrictions on US residents.

Thanks,

James


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: philipma1957 on October 09, 2013, 03:38:54 AM
I want to own Addiction shares but I'm trying to understand why the price of shares has dropped. Something that I don't know? Is it because of the delay in GB 2 and 3 delivery?

Bitfunder is closing itself off to US residents, idiots are panic selling for fear that they will not be able to get their funds back.

Its not a market for everyone, All assets in bitfunder lost a lot of value because these idiots who don't know how to read. I even think some of them are non-US citizens xD


yeah but as a usa citizen you have from now until nov 1st to sell off your stock.  i have only 14 shares I purchased a while  back so it is very little money. If you are a none usa person you can buy shares right now and collect a dividend so to all none usa members buy buy buy.  I will hold on to my 14 shares and get some dividends then sell on the 30th or so.  I have something like 2500 shares due me from group buy 2.  the way i read the letter bitfunder will not allow them to be sent to me. so I will have to see what this group buy does.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: Tiennou74 on October 09, 2013, 03:46:36 AM
If I buy bitfunder addiction shares right now, will they convert to direct shares?


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: blastbob on October 09, 2013, 06:15:52 AM
If I buy bitfunder addiction shares right now, will they convert to direct shares?

If you want it, yes. But please wait until after this weekend to ask for an convertion. Tyrion70 will come with info on that.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: btceic on October 09, 2013, 10:52:30 AM
Hi All,

We'll offer direct shares, give us a few hours to come up with a solid plan to make transfers go smoothly.

Cheers,

We're on it..

Thanks tyrion70, blastbob, we appreciate it, for the rest of you please stop panic selling!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on October 09, 2013, 06:46:02 PM
Hey all!

Just posted news on share transfers and divs here:
https://bitcointalk.org/index.php?topic=244042.msg3308356#msg3308356

Please read carefully.

For ppl that only have shares on GB2 and GB3:

If you previously said you wanted shares on Bitfunder and now prefer direct shares on a BTC address please let us know in the next 48 hours by sending a PM to me. In that PM please state your Bitfunder userID, the BTC address you used to pay for the shares and the BTC address on which you want your shares registered.

In the weekend we will not be able to process more PMs because we will be busy setting up the miners, so if you haven't PMd then please wait untill after the weekend. We will be issuing the Bitfunder shares of GB2 (and hopefully GB2 as well) this weekend.

Cheers,
BlastBob & Tyrion70


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on October 21, 2013, 11:26:38 AM
This is getting depressing. Has knc shipped our miners yet?


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on October 21, 2013, 11:40:02 AM
This is getting depressing. Has knc shipped our miners yet?
Update is here:
https://bitcointalk.org/index.php?topic=244042.msg3375383#msg3375383

We're hashing!


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on October 21, 2013, 03:41:32 PM
This is getting depressing. Has knc shipped our miners yet?

Thanks for the update! I just NOTICED that I have received a dividend in my local wallet!!! THANK YOU!

After having read your update, I feel so much better. You guys, tyrion and blastbob, ROCK!!! ALL Group-buys ought to have organizers like you. It restores faith in humanity. You guys went so far as to forego your own profit for the sake of the group. I salute you!

James


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: jamesc760 on October 25, 2013, 10:24:04 PM
What is the payout schedule? Once a week or bi-weekly? I hope it's once a week. BTC price is very volatile, it could be high one week and then drop off the next. If you are able to hold on to your btc's, more power to you. I find that I have to sell at least a part of my earnings. Please consider paying out once a week.


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: tyrion70 on October 25, 2013, 10:25:21 PM
What is the payout schedule? Once a week or bi-weekly? I hope it's once a week. BTC price is very volatile, it could be high one week and then drop off the next. If you are able to hold on to your btc's, more power to you. I find that I have to sell at least a part of my earnings. Please consider paying out once a week.

Once a week, so next payout is this Sunday, mainly because of above reasons :)

Cheers


Title: Re: [Groupbuy][Closed] 3rd batch KNCMiner - Sold out!
Post by: joele on October 25, 2013, 11:50:42 PM
What is the payout schedule? Once a week or bi-weekly? I hope it's once a week. BTC price is very volatile, it could be high one week and then drop off the next. If you are able to hold on to your btc's, more power to you. I find that I have to sell at least a part of my earnings. Please consider paying out once a week.

Once a week, so next payout is this Sunday, mainly because of above reasons :)

Cheers
Great!