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Slow day today. I will do refunds for the upgrades that weren't bought first.
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finishing up payouts (hopefully everyone PM'd me their addresses) and refunding for the upgrade modules now. They were sold out too quick. Sorry for the delays guys, the place I work at right now is extremely under staffed in the IT department and I'm helping them playing catch-up right now. To do list: -Factor in the PSU since chenchunyu88 mentioned that the calculations is wrong on the last spreadsheet. -I will do it for 1 BTC (instead of 1.2 BTC) and take some of the blame for messing up. -Factor in the .7 BTC that I forgot to add in after I copy and pasted the total mined from the wallet to cover for the 2 days that the miner was just sitting there. Next payout should be a lot quicker since I won't require people to confirm their address  |
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 How about we collect some btc to buy one of this and set it up in front of ragingazn place?  What on earth is that O.o |
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Good news my brother just called and everything is up and running!
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10 days since JohnK has been online... Has anyone received their refund in the past 10 days? If anyone can get in touch with JohnK other than via PM please PM me.
Nope. But this is his email: the.john.is.here@gmail.com he's on google chat |
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I'm using an address on armory then every 2 weeks I transfer what is made to blockchain.info address and send from there |
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You also made a mistake in the first payout that the total fee=(G4*.05)+L4:L6, which should be =(G4*.05)+sum(L4:L6), which means you didn't include the price for the PSU. But for the second one, what you should do is the total fee=(G4*.05)+sum(L4:L5), which should not include the PSU again. So I suggest that since the PSU worth 1BTC today, you can simply add 0.3BTC as fees for the next payout (because you owe us 0.7BTC for the first two days). I think that's pretty fair. Maybe the power outage is because your miner is drawing too much power, just kidding..... I think
"The fee will be 2% of your profit + (expenses include but are not limited to, electricity, repairs, shipping, taxes etc.)" in the groupbuy, however, it seems you used 0.05 in I4 of the spreedsheet which is =(H4*.05)+M4:M6, it should be 0.02. Isn't it?
Excellent question - ragingazn, care to comment? Crap you're right. I am using 5% for my facebook group people - people with CASH - got that confused with BTC talk. I will adjust it for next payout no problem. Nice catch! Also looks like the electricity is down in my neighborhood. I'm at work right now but I just called my brother and he confirmed it was down. Lame.  Nope I added a new 20Amp line we have 40Amps total from 2 outlets so we're good. They're only pulling like 12-13Amps. I will go over the fees again but yeah no worries it will be fixed by today. Also people who hasn't been paid yet, means you haven't confirmed your BTC address with me. Again thanks chenchunyu88 for catching those mistakes. I put up the spreadsheet to be as transparent as possible so everyone can review everything |
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and ragingazn also seemed to forget the 0.7BTC " Wow guys crazy week this week! I started work at my new job and I've been busy. The machine actually came in yesterday but it wasn't mining so I will compensate by adding my own BTC for yesterday and today (.7 BTC total) @ ~275 Gh/s - " mentioned here: https://bitcointalk.org/index.php?topic=233624.msg3438202#msg3438202But don't blame him for that, because maybe he is too busy and just forgot to add that amount. And another thing is that when he is paying the BTCs, it seems he didn't round the number, e.g., 1. 0.08297996928075BTC is paid 0.082BTC 2. 0.041489984640375BTC is paid 0.041BTC The first one is not correct if round at thousands, but the second is correct. This won't be an issue for now (just 40 cents). But who know what the price would be for these BTCs in the future. I understand that ragingazn is also paying transaction fees for all these payouts. I wondering if there is a method to pay multiple address at once to help him reduce these fees. I think
"The fee will be 2% of your profit + (expenses include but are not limited to, electricity, repairs, shipping, taxes etc.)" in the groupbuy, however, it seems you used 0.05 in I4 of the spreedsheet which is =(H4*.05)+M4:M6, it should be 0.02. Isn't it?
Excellent question - ragingazn, care to comment? caught another one, yeah I'm so sorry I have a new job and everything so crazy >.< I will adjust that for next payout too no worries. I did add it in at first but forgot when I copy and pasted the total from the wallet and forgot to add it back. Also with the rounding, remember there is a .001 fee that blockchain uses so I just use 3 numbers but I can round up if you want either way is fine |
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I think
"The fee will be 2% of your profit + (expenses include but are not limited to, electricity, repairs, shipping, taxes etc.)" in the groupbuy, however, it seems you used 0.05 in I4 of the spreedsheet which is =(H4*.05)+M4:M6, it should be 0.02. Isn't it?
Excellent question - ragingazn, care to comment? Crap you're right. I am using 5% for my facebook group people - people with CASH - got that confused with BTC talk. I will adjust it for next payout no problem. Nice catch! Also looks like the electricity is down in my neighborhood. I'm at work right now but I just called my brother and he confirmed it was down. Lame. |
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EDIT:
Trust: -4: -1 / +0(0)
Warning: Trade with extreme caution!
I really hate this next to my name. In due time I hope it will change but for now let it be a reminder for me to keep on working hard. Thanks again for having faith in me guys!
Yo dude.. you caused this yourself. I would urge anyone dealing with this cat to check out every page of this thread He definatly EARNED that Trust: -4: -1 / +0(0)
Warning: Trade with extreme caution! And still people on here asking for refunds that just get ignored outright, glad I bailed on this, should be more negative. People that are still left are for PayPal. I have already refunded all the BTC people. And I already explained the situation with PayPal already. They will be refunded when I get funds from my Avalon Group Buy back. John.K is MIA atm. Please don't stir up any drama because I am doing the best that I can to fix all of this. New spreadsheet for next payout is up: https://docs.google.com/spreadsheet/ccc?key=0Ah5wT_NTrV00dG50NEF0NlZtYkQwRVFrTkI0R3ZmblE&usp=drive_web#gid=0 |
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Fricking sold out at 8:08AM. I was a few minutes late but my friend got some ordered but not yet paid. I will contact him about it. If not I will refund for the modules. I am finishing up payouts now (those who did not PM me your address for confirmation). Keep in mind that for next payout I will not have you PM me back so it will be quicker next time.
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UPGRADE MODULES - 10 TOTAL - 190 Shares Total - 380 Shares / ~1375Gh/s will be added to the Pool @ 11/11 - 8:31PM mrstef - 4 Shares - 0.571428 BTC RoboCoder - 19 Shares - 2.7142 BTC RoboCoder - 19 Shares - 2.7142 BTC gamefixer - 38 Shares - 5.4284 BTC peterlex - X Shares - 2 BTC chenchunyu88 - 4 Shares - 0.571428 BTC Please remember that the price could fluctuate! I will order ASAP tomorrow. Gonna go eat for now and give the lady some attention  I will be back around 11PM - 12AM Regardless I'm going to order as many modules as I can tomorrow! This will mean that I will need to hook up a new 20 Amp outlet to the wall. BTW GUYS! Thank you for the free HEAT this WINTER. It's snowing tomorrow! EDIT: Trust: -4: -1 / +0(0)
Warning: Trade with extreme caution!I really hate this next to my name. In due time I hope it will change but for now let it be a reminder for me to keep on working hard. Thanks again for having faith in me guys! |
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This is first come first serve for the upgrade modules. I will be up very early in the morning spamming F5 keys to order these modules. I have SOME BTC left to cover for the modules but I CANNOT gaurentee that I can reserve for anyone who has not sent for the upgrade module yet. This is because BTC can tank down to $100 (I don't think so but it could) and then making it .5 BTC per share, which in turn will not allow me to order since I won't have enough BTC. I also sent out payouts for most people. If you are not marked green then you have not replied to me with your payout address via PM to confirm that the address is yours and not someone else because anyone can fill out the form and use a random address etc. https://docs.google.com/spreadsheet/ccc?key=0Ah5wT_NTrV00dG95dUFocDVNZWVFQnQ2ODVRQWxjaXc&usp=docslist_api#gid=0Just to further clarify a few things: Each module is equivalent to a Mercury or ~138GH/s and costs $950 Each share is $50 but is WORTH 2 shares on the spreadsheet since we do it by speed. If you buy a share of this upgrade your shares will increase by TWO in the spreadsheet. I don't want to get people confused with shares You must send me BTC by tonight. I will be up until 12 AM EST. Text me if you want to 860-631-7775 |
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So, help me with the math on this please.
on the original buy, we got 1400 Gh/s by 390 shares =3.589 Gh/s per share.
the new buy will be 138 Gh/s by 19 shares = 7.263 Gh/s per share. What is that going to look like on the spreadsheet? I assume there is not going to be a separate spreadsheet for the new buy?
Thanks
People who buys a share with the module will get TWO shares added to the spreadsheet. I believe this will make the most sense because you are spending $50 a share but for DOUBLE the speed so you actually get 2 shares. I think this makes the most sense... Ok doing payouts now guys |
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we have room for 10 modules total! We are essentially upgrading our Saturns to JUPITERS!
Each module = ~19 Shares or $950
First come first serve!
Crap sorry initially I said 275 Gh/s ... it's half of that, my mistake. Mercury = ~138 Gh/s
This is still a good deal considering it's half the price of what we paid!
EDIT: 2 Modules sold so far to Robo!
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Guys! Good news but we need to act quick! Here's your chance to BUY more shares straight from KNC! Upgrade modules
Having completed our first shipment. We have taken stock of remaining inventory. We now have some available to sell as the promised upgrade modules. These upgrade modules will be available for sale tomorrow on the KnCMiner site, at 2pm CET (8am EST). They are priced at $950 (USD), but exclusively for sale in Bitcoins (BTC). They are only available for sale to existing KnCMiner customers, and will only work with units from the October shipment, as board modifications make them incompatible with the November revision. The Boards will ship out this week directly from our offices in Stockholm.
Please note you MUST login to your account in order to purchase these modules. There will be only 200 of these modules added to the shop and it’s a first come first serve.
Thanks
KnCMiner Team So I believe each module = a Mercury which will be around 275 Gh/s 138 Gh/s = $950 (before shipping) so I will do $50 = each share, for 19 shares total. It will be paid in BTC. I will NEVER do business with PayPal again. 1 BTC = ~$350 for now since it's so volatile atm. So 1 BTC = ~7 Shares Let me know ASAP! This will be on sale tomorrow and I will put in orders and pay later. |
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What happens to the other 143 shares, which are not on the list?
Those are mine because people were refunded via PayPal so I am negative balance with PayPal due to the fact that they opened up a claim and I already used the funds to pay for the Machines so therefore the balance went negative. I am also $6000 in credit card debt with PayPal. I am putting my shares as 1 for now because people are still being added etc. Some people asked if they can buy some of those shares and I think I need to sell them to pay off the debt. People from IC Systems has been calling and harassing me non-stop about the negative balance hopefully BTC goes up a lot so I can pay off these debts. Anyway, I am going to PM everyone to confirm that I am sending their payouts to the correct address. Please PM me ASAP if you have filled out the payout form and still do not see your name on the payout list: https://docs.google.com/spreadsheet/ccc?key=0Ah5wT_NTrV00dG95dUFocDVNZWVFQnQ2ODVRQWxjaXc&usp=drive_web#gid=0 |
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Thanks. I've updated: https://docs.google.com/spreadsheet/ccc?key=0Ah5wT_NTrV00dG95dUFocDVNZWVFQnQ2ODVRQWxjaXc&usp=drive_web#gid=0Please make sure all the information on there is correct for your shares and BTC address (so I don't send your payout to someone else!) Thank you for what you did for this groupbuy. Sorry to hear that you get negative feedback on the other groupbuy Payout is today! I'm going to double check everyone who's listed on: https://docs.google.com/spreadsheet/ccc?key=0Ah5wT_NTrV00dG95dUFocDVNZWVFQnQ2ODVRQWxjaXc&usp=drive_web#gid=0And double check the refunds again make sure I don't give away payouts to those I've refunded. Everyone will be paid by the end of the day. I will also be adding those who signed up but aren't on the list. Please PM me immediately if you don't see your name by 3PM EST. Sigh, negative feedback from Avalon Group Buy. I don't even have the BTC from that Group Buy. It's being escrowed by John.K who still owes me 35 BTC and he's responsible for refunds. NOT ME! Well I hope I can redeem myself from all this and hopefully gain positive feedback to off balance the other one... It's ridiculous because I have no control over the BTC being held by John.K |
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Payout is today! I'm going to double check everyone who's listed on: https://docs.google.com/spreadsheet/ccc?key=0Ah5wT_NTrV00dG95dUFocDVNZWVFQnQ2ODVRQWxjaXc&usp=drive_web#gid=0And double check the refunds again make sure I don't give away payouts to those I've refunded. Everyone will be paid by the end of the day. I will also be adding those who signed up but aren't on the list. Please PM me immediately if you don't see your name by 3PM EST. Sigh, negative feedback from Avalon Group Buy. I don't even have the BTC from that Group Buy. It's being escrowed by John.K who still owes me 35 BTC and he's responsible for refunds. NOT ME! Well I hope I can redeem myself from all this and hopefully gain positive feedback to off balance the other one... It's ridiculous because I have no control over the BTC being held by John.K |
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ouch... something smells fishy...
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