Why does 24 hour low on BitFunder always show a lower price than what has actually been hit? Has this been discussed on here yet? For example: today the low was .00055 but that wasn't hit. Are these private trades?

I've been using these on my rigs the past couple years.  They are the best 1000 imho.
http://www.newegg.com/Product/Product.aspx?Item=N82E16817703028

They say 950 but come about 1080 out of the box.  Quiet, Single Rail.   

I'm not sure if I'm going to move them over to the Jupiters, but am thinking about it.  Will need to grab a couple more 

Ha! Negative bro

I agree. Brilliant!
My wife patted me on the back... "nice decision on the ASIC company honey"

I believe you can still withdraw from weexchange without a verified account.  read their faqs. i think they say that.

I'd like to suggest opening a new thread related to this IPO of ADDICTION in the Securities thread.  That will give it marketability, exposure and get us away from this group buy. 

And you can answer this question in that thread too:
Any thought on opening price?

In group buy .5 BTC got you 2.823 GB hashing power.  So 1 BTC got you 5.646 GB hashing power.
If we IPO and Bitcoin is @ $100 for example and 1 BTC gets you 200 shares in ADDICTION then each share IPO is $.50. I'm assuming you're tying the share price to BTC value vs. fiat value.  So each share is 0.005 BTC which equals 28.23 MH/s hashing power as explained in IPO summary.  I apologize if any of this is redundant. 

Again, please open an [ANN][Bitfunder][IPO]ADDICTION thread in Securities since we are now in a new phase of this mining collective.

Cheers,
LiteBit

Sounds great guys.  Well thought out.  Having Ukyo part of the implementation of the IPO was a great idea.  Looks smooth and concise.

Will we need to give you our Bitfunder IDs for proper transfer of shares once the IPO goes live?  Please clarify how shareholders will receive funds.  Some of us already own assets on Bitfunder, others will need to open an account.

Cheers.

Congrats all.  Well done.

12 Shares | 6 BTC
https://blockchain.info/tx/becba8e0604287e456bc3b8a9885cb4173d7a0d7d9dcfec06b1a4bb0ddd9583b

I think the clarification you gave is great.  Especially the matter of capital invested.  I think this could roll well into an IPO.  The deal with the 2 year life cycle I don't agree with but that still doesn't mean it might be the best choice.  Especially if you look at it as business expenses and stocks in company.  Equipment needs updated and investors supply capital once things get rolling.  So more machines coming online down the road is good for all.

Cheers,
LiteBit

I'd recommend NOT changing share price if you want to IPO.  I haven't bought any shares, just an outsider interested in how these group buys are going.  Up to this point I believe your offering is better than the other because the Terms haven't changed from what I've read.  You 2 are going to have to eat the BTC drop if you plan to make this a successful IPO or business in the future.  

To the group, one thing that stands out that I don't like from what I've read is the fact that these shares are conditional shares.  I hope all of you realize you'll only have 2 years of mining revenue.  Then the 2 owners get to keep the machines and earn 100% profit from then on.  Read the Terms again and make sure this is what you want to do.  

I also am cautious about the amount of money the 2 owners have put into the group buy.  I can't tell as easily as the other Jupiter group buy in the forum.  If the owners are actually just acting as a pass-through to Jupiters (meaning they have a low order number but aren't paying their money, YOU are paying money) then make sure those are the terms you are good with.  Remember any number of things can happen with this, but they still get to collect a maintainence fee no matter what.  

Also, what about power supplies?  The amount the Jupiters were bought show that PSU wasn't included.  Who is going to pick up that tab?  The group or the owner?  The Terms need to be defined better with this.  That's an extra $200-$300 per Jupiter that someone needs to get in order to make anything.

And finally, how do the shares work as units come online?  Are the first buyers or private buyers in a line and get paid as "their" unit goes online?  Or is this a group buy and all shares are part of the whole buy?  Do you own a % of a mining collective (if this IPOs or not) or do you just own a share(s) of 1 Jupiter unit?  And when that goes online do you then get paid?  What if that unit is DOA or stops?  Do others get paid as you don't?

Anyways, like I said, up to this time I think the 2 owners have covered most stuff well.  Just make sure you're informed and understand the Terms.  Again, as an outsider, my biggest beef with this is that the owners may not be putting any money in... the still get a nice fee no matter what...  and after 2 years they own the equipment and 100% profit and these shares (IPO or not) become worthless.

I'm not part of this buy but have been watching from the outside.
A couple things the investors need to get clarity on.

1. Is Soniq just a pass-through in essence to get at one or multiple Jupiter orders?  From what I can see he has put no money into it (only the pre-order spot) and at the least gains a maintanence fee because 8 miners have been bought by the group so far.
2. The above is confirmed by the fact that as BTC dropped in value the OP changed (thus his original terms) from 2BTC per 1/360 share to 2.25BTC per 1/360 share.  Destined to go up again with the BTC drop overnight.  This, to me as an outsider, confirms he has no BTC in this group buy.  The group is picking up the extra costs.  Again he just collects a maintainence fee.
3. Power supply has been brought up.  The orders the group made don't include power supplies.  That's $200 or more per unit someone has to buy.  Remember, Soniq hasn't put any money into this group buy, so he's going to push the PSU costs onto the buyers.  Once again, changing his Terms.  And he can just collect the maintenance fee on that too.
4. There's the issue of 1/360 ownership in a "mining collective", versus 1/360 ownership in a group buy, versus 1/360 ownership in 8 units, versus 1/30 ownership in 1 unit.  All confusing and not resolved as I read through as a neutral party.  This needs clarity, yet I feel it may once again change the Terms on the OP.  This will go on the buyers again with skin in the game.  Soniq hasn't skin in the game.  He's just providing a pass-through to a low order number and collecting a handsome maintainence fee for life.

Again, I'm just an outsider following this thread.  It really interests me and I know both groups can resolve all these things.  You guys have been admirable getting this far in a short time.  Just make sure all Terms are clear and there is accountability among all players.

Did a successful trade with 1krona. Very good communication.  He handled his end first and I sent BTC after. Recommended.

I'd ask the attendees on Monday to start to get some questions tied to dates on the calendar.  Such as: When will chips be ordered to meet September deadline?  How long will is the queue from the manufacturer once the chips are order (ie: 8-10 weeks?)  If 8-10 week lead time needed to get in queue from manufacturer what date will KNC be placing order?  Etc...

It would benefit us as pre-order "investors" to have dates of the process on the calendar so we can hold the company to their word.  This sets up check points we can all look to along the next 3 months.  Otherwise we're at the mercy of News updates and a lot of times those come in reaction to criticism (lack of updates) from the community versus anything else.

We need to be proactive versus reactive in this pre-order process.  We're trusting our coins to someone for 3 months.

You can't do that.  If you have PM bids higher then they move the auction price and you post them on the topic, not change the rules.  Otherwise you don't post or start a topic in the Auctions section, you start a topic in the Goods or Digital Goods section with your terms. 

So you need to post your PMs in this topic for all potential bidders to see.  That is a definition of Auction.  BTW, I withdraw my bid per your new terms and because the previous auction obviously ended with you not holding to the original terms. 

Note to kncminer... if watching these things... THIS PROCESS OF TRYING TO ORDER YOUR PRODUCTS IS VERY FRUSTRATING!  Potential clients are being turned off by people not involved in your project or organization but that have the power over who gets your products or not.  VERY FRUSTRATING!

I have an outstanding deal with tempt outlined below:

LiteBit to tempt (PM)

If you're not using your number I'm interested.  
I'm just a legitimate miner trying to order some more hardware.  This is frustrating that we can't just do that. 
I can offer 2 BTC now or the first 24hours of the unit's hash when I get it.  If you accept, you end the auction and we talk to KNC about changing the pre-order to me.
Let me know. Cheers,
LiteBit

tempt to LiteBit (PM)

2.5 and its yours. Contact me via email *******@********.com and we can do the stuff via email, its easier to keep in touch with KNC then.

LiteBit to tempt (email) 
Hi this is LiteBit from bitcointalk.org

I agree to pay you 2.5BTC for your spot #36 from KNCminer.com.  We can use John K or I can pass on the BTC once we get intouch with Sam about switching the accounts.  Once he says it's a go we can set it up.  Sound good.

Cheers,
LiteBit

LiteBit to tempt (PM)

Emailed you.  Agreed to above.  My email I sent from is the one on file with KNCminer.com

tempt to LiteBit (email)

Hi,
good. Yea, I'd like escrow also, but I'm afraid of how long it takes. I'll message Sam and look if its possible to transfer Order Number.
If it all works out, I'll give it to you first, hoping you will stay true to your word and pay 2.5BTC afterwards.


LiteBit to tempt (email)

Please copy me on those emails with Sam.
That sounds good.  I can provide you with previous trades on the forum as well for my reputation.  I'm good for it.  Just trying to order some new miners.  And if you want to use John for escrow that's fine too.  I've worked with him before too.  He's fast when he's online.

Posts 2-3 were added to this topic

tempt to LiteBit (email)

Hi,

I have received higher offers via PM. Do you want to take part or is 2.5 your maximum price?

I'm sorry, I didnt see the interest people have in this.

LiteBit to tempt (PM)

Just double checking that we've got a tentative deal and you're talking with KNC about the transfer.  I see you've updated your Auction topic but not the way I would with a tentative deal.
Let me know.
LiteBit

tempt to LiteBit (PM)

I've wrote you a email regarding that.


Just making sure the original agreed upon deal is honored

OK, no problem. Withdrawn.

The frustration is with kncminer.com not us or you. Trust me, I'm thankful to have a chance.

+1
This has been a VERY FRUSTRATING situation a bunch of us are in because we want to order but can't without paying someone that has nothing to do with the project.  There have been some classy users that have given there spots away because they won't use them, but most are folks that are trying to make money.

So did you confirm the payment? Meaning that the preorder is set at just 1 Saturn or is the order still open and we can use it to buy any unit