Bitcoin Forum

 Hello Guys,

I want to do a group-buy for 2-5 KNC Neptunes.  Right now I have funds for 1 Neptune outright.

I will sell 32 shares per Neptune.

Each Share is 0.50 BTC each  *Hosting is Free for first 20 months.

Since I have very little shame in my game, I have somewhat copied Charles999's post as his business plan is logical and agreeable.
The Neptune for this GROUP Buy has been paid.  It's one of the earliest orders and a DAY One order so we are sure to be one of the first to get the units.  If you are considering other groupbuys, please ask them if their Neptune unit has been paid for.  All orders that were not paid has been canceled by KncMiner. Also ask them if their unit is part of the Batch 1 group as the second batch is expected to arrive 3-4 weeks after the First batch.  3-4 weeks of lost revenue could mean thousands of lost $$$.  

Due to BTC recent price fall, the price per share is now .55 BTC.  All previous orders will retain their share rights.  All new share purchases will need to send .55 BTC per share.  
Date and time stamp is: December 02, 2013, 11:21:24 AM


This group buy is intended to let forum members take part in the opportunity to purchase cheap hash-rate through the recently launched KNC Miner Neptune(https://www.kncminer.com/products/neptune) company located in Stockholm, Sweden. The unit that the shares relate to is the KNC Neptune advertised for 3,000 GH/s (https://www.kncminer.com/).  



I have structured the purchase so that members wanting to get access to the exceptionally cheap hash rate/GH that the Neptune offers can secure hash rate from one of the machines without paying the full purchase price.  Each share you purchase will get you that percentage of what the Miner generates.  All utility and maintenance cost will be paid by me.

Offering:

- 32 shares of BTC .55 each are available.
- Each share is worth approximately 100 ghs of hashing power
- Each share entitles the owner to 1/32 of the BTC proceeds from a KNC Miner Neptune mining 24/7 for 20 months*, payment will be made to the address of the shareholders weekly. (* Miner breaking after 12 month warranty, random acts of nature like datacenter burns down etc.,internet downtime, not covered in 24/7 for 20 months(should not be a problem))

- After 20 months we will consider decommissioning the miner if it is no longer profitable to run.
- Also the group as a whole will have ownership of the unit.  During our group ownership, if an opportunity presents itself to sell the unit early, we will put it up for a vote.  If more than 60% agrees to sell the unit early.  We will sell and everyone will get their split according to the shares they own.   I personally feel this is the fairest deal and it’s what separates us from other offers.    

Provided by Groupbuy Host:

- The unit will be properly cooled at a temperature of 65-77 F  degrees 24/7.  The unit will also be connected to a UPS at all times to ensure there’s no electrical issues.  
- Electricity, UPS, Power supply and other material required to host the units.
- All hosting and support services will be handled by me.
-

IN CASE OF NON DELIVERY: I take no responsibility for the possibility that KNC Miner does not deliver the miner. I have done what I consider a thorough due diligence but as we all know, you can never 100% guarantee anything when it comes to pre-orders.

To purchase shares:

=  CLOSED  

- 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 and if you request change of payout address I will require that you can sign your share purchase address to make this happen OR I WILL NOT CHANGE THE RECEIVING ADDRESS. This is for your own protection.

If I have forgotten anything or you require more info etc. Please feel free to ask/post in this thread.

Reserved

what is the current status of this group buy?

is it still open?
When will it be up and running?

Agreed, start date and rep on greaterninja.

Is this group buy still OPEN ?