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Sold Jupiter #18, #19 and #20
Selling shares on Jupiter 21
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Hosting cost have been determined at $357 a month per unit for a six month contract. Will also be a one time setup fee of minimum $50 maximum $100
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2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
-Power supplies will still be extra -$350 will cover hosting, but not repairs and replacing parts, and currently dont know if there will be an extra installation cost? They wrote (on 6/3/2013; bolded by me): We will also be offering tailored hosting of our own devices. Hosting packages offered will be specially made for each hosting customer. Please contact us at info@kncminer.com for more information about hosting. Some benefits of hosting: No costs for shipping/import taxes All costs included not hidden extra management fees Your hardware will be monitored 24/7 by our staff Your box will hash for you on day one 95% uptime guarantee For those of you interested in hosting choose Stockholm pickup as the shipping mnethod We will release final costs soon and if you want to use our hosting that’s fine, if you want to then have the box shipped you can simply pay for the shipping and we will ship your box instead. Why would we pay for repairs or replacing parts of machines/PSU being under warranty? It's ok to pay after the warranty period (12 months) if mining on them is still profitable then. But... What is the source of info about PSU not included in 6 x $350 hosting fees? It would be better to ask them officially all those questions. No NDA is needed for that. You are stating the obvious, of course there will be no replacement or repair costs while under warranty, but things do possibly break that are not under warranty. Or repairs and replacement once warranty is over The extra cost for PSU is not a myth, there will be an extra charge for PSU. It has not been determined yet. NDA was for something totally unrelated to your questions and was explained in email. |
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I think BitFunder should be OK, although after the fiasco of GLBSE I am wary now.
You were going to use the KnC's hosting for the Jupiters, weren't you?
AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
-They are listed just in case, currently still planning on hosting with KNC -Power supplies will still be extra -$350 will cover hosting, but not repairs and replacing parts, and currently dont know if there will be an extra installation cost? One thing that was not mentioned in the voting email is payment of dividends. If we vote yes, those will then be paid into our BitFunder account right? If we are to be able to trade and liquidate them that is kind of a necessary thing. AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
^This +1. dividend payments will be paid to Bitfunder account if you vote Yes |
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Fresh batch just finished
Price in BTC ? Whatever $15 worth at MtGox Last is. I was pricing shipping at $5, so I should point out that if somewhere were to buy 2, it would be $25 instead of $30. What is your payment address? |
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We need to ask support for a hosting plan for the Saturns.
says right in news release that KNC will only host Jupiters They take feedback just like they have with hardware im sure they can figure a solution if enough people ask for it. Doesnt seem to hard the same space is going to be taken up with less power. Cant hurt to ask, but that is their published response right now |
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We need to ask support for a hosting plan for the Saturns.
says right in news release that KNC will only host Jupiters |
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Just bought 1 Share @ 1BT:
From: 18F5QDWsHDkxBVeVcpWWpdJiHKUo2gp2LY To: 1Lzp614A1teQRyEcpakMLWhoEfwfJqBEhB
TxID: 7228a0fa81383386bf0ff962fbc82eddd1a5d725746a53b4fd5a60273a6da0a3
Thank you, Soniq!
Noted, added to OP and spreadsheet Please send email and Skype User welcome |
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Any word on plans to go to an exchange?
I sent out an email update last night regarding this very topic. You didnt receive? please send me your email Cheers |
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hi. birfurystrikeback website list this as 7,500 euro, roughly equivalent to 9,750 usd. how come the megabigpower can sell the same item for only 8,000 usd (discounted from 12,000 usd)? isn't it that bitfurystrikeback is bitfury's homepage? any details on this?
Read the start of the BFSB thread( https://bitcointalk.org/index.php?topic=250249.0), visit their website and you'll read there that BFSB is a Finish mail order company(?) and not Bitfury itself. hi. pardon if i still can't understand. so basically the same item is being sold at 2 different website. bitfurystrikeback selling at 7,500 euro (9,750 usd) and megabigpower selling at 8,000 usd? I am not sure why there is such a large difference in price, one merchant has a much larger profit margin? |
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Why make it so difficult ? People are buying 1/98 share of a Bitfury. Let them pay 1/98 part of the purchase price and refund what's remaining. I do agree that you set the price higher to prevent having to ask for more BTC when the exchange rate drops too much. Adjusting the #shares per machine is too much hassle IMHO, so KISS and do 100 shares per machine for 1 BTC each and refund what's remaining per machine after purchase.
I am fine giving refunds if purchase price is much lower than BTC received for shares.Like I said in OP I am not trying to make money on the purchase of the devices. I have refunded members in other GB BTC if they changed their mind after purchasing shares, before the close of a group of shares. In the previous GB I ended up with a surplus of 18 BTC, sounds like a lot? Not really, because there are over 100 members so thats .18 BTC per member and the group still needs to buy 17 PSU at $200+ each which is $3400 I think we're almost there. It might be a language thing, so forgive me, but I want to be sure. Playing devils advocate, I could read into your reply that you will refund me completely when I am not happy with my shares anymore before the close of a group of shares. I am not looking for that kind of refund. I am looking for a refund of unused BTC after the purchase of a Bitfury. So at a certain moment in time you have sold 98 shares, you buy the Bitfury and the purchase price is 80 BTC. The remaining 18 BTC should be refunded pro rata. I do understand that, like in the other GB, a power supply is needed. So if you would like to reserve some BTC for that, fine by me and mention that in your OP. So the example above, reserve 3 BTC and refund 15 BTC pro rata. I think refund of unused BTCs should be per purchased Bitfury and not for the complete GB. also added clause to OP |
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Why make it so difficult ? People are buying 1/98 share of a Bitfury. Let them pay 1/98 part of the purchase price and refund what's remaining. I do agree that you set the price higher to prevent having to ask for more BTC when the exchange rate drops too much. Adjusting the #shares per machine is too much hassle IMHO, so KISS and do 100 shares per machine for 1 BTC each and refund what's remaining per machine after purchase.
I am fine giving refunds if purchase price is much lower than BTC received for shares. Like I said in OP I am not trying to make money on the purchase of the devices. I have refunded members in other GB BTC if they changed their mind after purchasing shares, before the close of a group of shares. In the previous GB I ended up with a surplus of 18 BTC, sounds like a lot? Not really, because there are over 100 members so thats .18 BTC per member and the group still needs to buy 17 PSU at $200+ each which is $3400 |
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Sorry, it still doesn't add up. The unit is us$8000 according to https://megabigpower.com/shop/index.php?route=product/product&product_id=53The BTC/us$ is ~97. 8000/97=~82.5 The GB is still 98 BTC. What's going to happen with the ~15 BTC difference ? You said in your OP that you wouldn't take a profit on the purchase. I do realize that it is possible that the BTC/us$ will go down, it has to go down to ~ 82 us$/BTC before the 1 BTC/share is not enough. Why not take my suggestion and do a refund for all BTC not used when the actual purchase is done ? I will invest in this GB when you do that. You have "Effective July 10,2013 Shares are 1 BTC each, will adjust as USD/BTC exchange rate changes as Bitfurys are priced in USD.". I think it means you will adjust the share price when the exchange rate changes too much, but this doesn't say anothing about people that already invested. Another question: Hosting in a tear3 data centre. Have you already selected a data centre, made a deal with them and know the cost/month ? When I set the # of shares this afternoon it was $84, I try to adjust as needed, but cannot be on the forum 24/7. Also when you pay an invoice with Bitpay, they are not exchanging the BTC/USD at the going Mt Gox rate. They have transaction fees What will happen if exchange price raises too much before I can make an adjustment in share #? your shares will just be moved to the next Bitfury or refunded. Hosting prices will be determined once we know more about the power usage, but a facility has been selected. |
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My price for buying and forwarding is 7575 Euros plus shipping which at current rate is about 117 BTC + shipping.
The price on their website is us$6995 + shipping. If I am not mistaken, you have them shipped to Canada, so you shouldn't be charged VAT. Can you help me understand your amount of €7575 ? Can you link to $6995 price? http://www.bitfurystrikesback.com/product/400gh-miner-october-2013/ 7500 Euro + a forwarding charge of 10% Correct I am not charged VAT EDIT: https://megabigpower.com/shop/index.php?route=product/product&product_id=53 I can buy quite a bit cheaper here, I should be abler to buy for 98 BTC will adjust OP Megabigpower will be offering Bitpay soon as well, if Bitpay is not setup before shares are sold out will wait for Bitpay to be available |
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May I suggest to buy a machine when you've collected 119 BTC, and return the unused BTC to the participants of that machine right after buying to prevent issues.
Are you going to participate yourself in the GB ?
My price for buying and forwarding is 7575 Euros plus shipping which at current rate is about 117 BTC + shipping. Are they cheaper somewhere else? I will buy some shares Since BitFurys are priced in euros, will you accept payment in euros (SEPA/paypal)?
Prefer BTC to keep it simple You're taking 5% this time? The KNCs were 2%. Looks like the cost per GHs is a little higher here too.
Not expecting to sell 12 devices in this GB, so commission is higher. If I sell more than 4 would lower commission rate There are now 17 Jupiters in the other group buy ... will you be lowering your management fees there accordingly? I did ask this in that thread weeks ago but was ignored. Probably not,those were the terms established from the beginning, and I lowered my commission from 6% to 2% there after the 6 machine sold. The extra machines are ordered because of popular demand, and this is a service to smaller investors who would not otherwise be able to invest in mining. And is a win win situation for the members and I. There are no guarantees that any devices will ship and I have quite a few hours and BTC invested already and will be investing quite a bit more before machines even ship. |
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Noted and added to OP Welcome |
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2 more shares: ID: 20bc01ec788f265f36669602cff3af8f023849b66cb70f249a47060c9275e8c2 thx boss, this is for another share of miner #17
tx id: 5b30aefcc8084ebea7f0bed1bd5146a583edb0b1876ef8827ad322b1f48300f5
thanks.
1 share please 2.6BTC
TX ID = 76480e7b594f297f16e209c6aab101966ee6db78794cc5f75a9ebf93919338ac
2 more shares, please
tx = 92a0300dc234f41496c350967f0cb90afa48ae012ff930be217257c3c1039f7f
payment done for "1" share please 2.6BTC ( I have 1 share before, total 2 shares now...)
TX ID = ab632ac0efb38767edfa24e2ece70b35b7f0a31702013cd297dcb768855bbc1d
All added to OP and spreadsheet Jupiter 17 purchased :-) |
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You are the man, cheers Added to OP and spreadsheet 4 shares left How many shares left and is it still 2.6 per share?
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hi boss, here's 1 share for 2.6 btc
tx id: 96b057b1f66e4a3bb218f4f53dad4eb29dea1398ccc9a32719b4f90fa957a510
hope this miner will sell out soon. thanks!
Confirmed and added to spreadsheet and OP Thank you |
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You're taking 5% this time? The KNCs were 2%. Looks like the cost per GHs is a little higher here too.
Not expecting to sell 12 devices in this GB, so commission is higher. If I sell more than 4 would lower commission rate Yes Bitfurys are more expensive than KNC Jupiters, they claim to use less power. Not sure if that compensates for the higher price? |
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