Bitcoin Forum

This group buy is for a hosted share of a KNC Jupiter rig. I pay shipping, I pay for the power supply the setup and maintenance.

The KnC Jupiter Bitcoin Mining Rig is our flagship Bitcoin miner providing hassle free hashing, permitting users to mine for Bitcoins at a greater efficiency than anything else on the market for the foreseeable future.
This device is designed by Sweden’s ORSoC engineers, and will offer industry leading performance and power consumption per Gigahash (Gh).
 
550Gh/s per device.
28nm standard cell ASIC mining chips (which are being designed exclusively for KnCMiner by ORSoC).
Embedded Custom Beaglebone Linux device to allow for standalone Jupiter Bitcoin mining.
Shipping for purchases made today begins mid Nov 2013.  Order will be placed as soon as funds are ready.

110$ pay with Bitcoin
https://coinbase.com/checkouts/f417f14c9f9365589f98db5b926d1cbc

SHARES 55 total


Shares Left 32/55

SOLD=23

each share is 10ghs


Shareholder information posted here https://docs.google.com/spreadsheet/ccc?key=0AkM-bp2HC0eYdEl1RHZUM1pUQmI0Q1BVVVdVOFlLbFE#gid=0

Send payment to the above address and post here for confirmations!

* PM me/and post the transaction ID (txid) in this thread. **ONLY use sending addresses you fully control.** I will use the sending address for BTC payouts for your share ownership!

How to sign:

https://bitcointalk.org/index.php?topic=179769.msg1922342#msg1922342

Payments will be sent to the wallets you paid with.

Dividends

Payouts will take place weekly. I will send you your profits week to your designated address.

The fee is 3%.

This hardware will be hosted at my coastal northern California location with a cool 54f avg yearly temp.  I have 20+ years experience with computers and electronics hardware and software.

Reserved  ;D

For how long will you keep the miner running?

will run until no longer + returns or close to that time may take an opportunity to sell off the hardware. If hardware is sold off profits will be split among shareholders.

I just checked the numbers and it looks like we can run in the +  for 26 weeks using very very pessimistic numbers.

Here is a decent calc to give and idea of how long ito an roi and time before it runs negative.

 

I'm in for one share.

https://blockexplorer.com/tx/2f0c50f4384e0d84f18816a9504e1208fabd8089c6242acc1eb56b991c0254a0

signed PM forthcoming.

M

When I tried clicking on payment link, coinbase said pay to "New User". Is this your name?

Edit: just trying to figure out how coinbase payments work. If I figure out, will get 1 share. 

When will you get this machine? Are these in stock?
How do we trust you!
 $120 is a good price for 10ghs

$120 is a good price for 10Ghash...
Really?

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=510929738.01615&dcosts=4995&diff_mincrease=30&blpbtc=25&dhsmhs=550000&diff_mincreasedecrease=0.1&btcusd=350&dpowcon=800&btcusd_mincrease=2&pcost=0.15&calcweeks=40&dleadtime=1&action=calc#

Looks to me like expectations should be to return about 21.4BTC in the "positive" lifetime...

21.4 /55 = .3890 BTC per share...

Assuming BTC is still $350 ~ $136 per share...
If BTC hits $490 -- your share return would be about $191 -- about $71 profit.

You need to make the best estimate you can and set expectations accordingly.

Edit: Like all BTC "investments" it's speculation against the exchange rate.

Been busy with banking issues this morning.

New user is you.

KNC states this unit will ship "mid november" they have a good track record of shipping on time.


Trust is always tricky on the net. All i can offer my history on these forums since 2011. For character i could say im not hiding my identity or any personal details. I have a clean personal track record i have been fbi background checked and fingerprinted many times during working as a Nurse. Im not a legal expert but i would think that this deal puts me under a implied legal contract and could be held liable for damages in court if i pulled something shady.

120$ is a good price i wish i cold buy the whole thing outright myself... im not sure i can take the wife aggro though.  Right now im hoping for a wed trigger pull on the buy. If funds are short on wed im liable to gather them myself out of pocket to complete the buy.

Agree, it's speculation. What I meant was, If you see other group buys, this is a decent price for the hash rate and mid November delivery.

I have been using other peoples group buys, however they are getting overpriced and drying up.

At the same time im sitting in a ice cold garage and house with high humidity.  if we use gas heat then we have to run dehumidifiers anyways and this is year round. Dry elec heat form these units is not an issue and will be useful most of the time for me.  Yearly avg temp 54f  .. im in a coastal fog bowl at about 5 feet above sea level. I have a ranch with horses so there is somebody here 99% of the time and i already run mining rigs 24/7. I have 220v power ready to use for another 5kw continuous now. Hosting fits well with my situation i think. If i was rich i would  be buying these outright for myself.

OK, I am game. I sent one share worth through coinbase

Linked to Order XXXXX
$120.00 USD payment for "10ghs asic" to New User.
Message
Merchant Order XXXXX

What do I do now? How do I find transaction ID from coinbase that I can sign?

I am wondering how many people actually tried doing this and found it impossible to get "warm and fuzzy" with this group buy. Please provide a bit more instructions on how to actually GIVE YOU money and it may speed up :)

In your bitcoin client, double click the transaction.  It'll have a transaction ID on it at the bottom.  Then go to blockexplorer and paste it in there to see the addresses it came from.  You probably want to sign with the address that the bulk of the payment came from.

M

no no no
I followed the link and approved purchase through Coinbase. I know how to pay directly with my Bitcoin wallet and find transactions. These were not the instructions in OP, however. How do I prove to OP that I actually paid, is the question.

All I have is Coinbase's Merchant Order.

Got a PM from thunder toe confirming the order. Trying to figure out how to complete.

I'm slightly confused.  I just used Coinbase as well for a share here.  I used my local wallet to send to the address specified by coinbase.  I then used that transaction ID as proof I paid for it, and it worked for the op.  Not sure what you and I did differently?

M

I did not touch my Bitcoin wallet for this transaction. I had some bitcoins in my Coinbase account and once I clicked "Submit" after following the link above, I got "Successful Pyament" green box on my phone. Never touched Bitcoin wallet that I keep on a computer at home. When I got to Coinbase transaction page, I see "Merchant Order" but it does not give me any useful info, like Tx ID.

I did not touch my Bitcoin wallet for this transaction. I had some bitcoins in my Coinbase account and once I clicked "Submit" after following the link above, I got "Successful Pyament" green box on my phone. Never touched Bitcoin wallet that I keep on a computer at home. When I got to Coinbase transaction page, I see "Merchant Order" but it does not give me any useful info, like Tx ID.
[/quote]

that will work fine. just send me a wallet address for the mining payouts.

Sig transactions are just nice for record keeping. coinbase sends transaction record copy to my email for record keeping.

I will pm buyers a copy of the email receipt to verify payment.

Roger that. Will PM you back with my Bitcoin address. I will buy another share since Bitcoin is tanking to USD at the moment and I think it will be good $120 worth spending :D

Hey! I will break even according to that: "Coinbase $120 (0.38892BTC) transfer completed". Ordered share #2, thx.