Knights of the Satoshi - Cloud Mining BTC & LTC

[GQM]

Knights of the Satoshi

Cloud Mining

Help keep mining decentralized!

http://knightsofthesatoshi.com

In the beginning, mining was a process preformed by a simple computer processor. As technology advanced, we have come to realize more efficient and reliable methods. Today, mining requires specialized hardware, large amounts of electricity and a high-end cooling system. These advances have in turn made mining more competitive to a once simple task. This makes maintaining a decentralized and secure network more difficult.

The challenges that have recently presented themselves to the crypto currency industry have inspired the need to fight back and it is through this motivation that Knights of the Satoshi was born. Our aim is to make mining simple and accessible again. If your intent is to keep the network stable, safe and secure, we would be honoured to battle alongside you.

Watch this video to understand what Knights of the Satoshi is all about https://www.youtube.com/watch?v=nxr0ifl7-Tw

We gladly accept Bitcoin & Litecoin as payment. We also accept Bank Transfers & Credit Cards, although we do reserve the right to withhold payouts up to 120 days when the mining contract is paid by credit card.

We wanted to make Bitcoin easier for anyone to get into wether they have Bitcoin or not, which is why we decided to offer credit card payments.

We hope to continue to offer competitive pricing well we defend the network from any possible 51% attack. We will use the combined efforts of a decentralized pool. We will be using P2Pool to create a large web of smaller nodes.

Price is a flat rate contract which covers you for 12 months.
Bitcoin Mining Starting from $2.99/GH
Litecoin Mining Starting from $0.24/KH

Mining Start Date June 2014

We have a 3% pool fee which 100% is used to give back to the community through sponsorship and donations to various non-profits.

Thank you to everyone that stopped by our booth at the Bitcoin Expo 2014 we appreciate your support!

https://scontent-a-ord.xx.fbcdn.net/hphotos-ash3/t1.0-9/1897917_10154069745375707_9071208078379100059_n.jpg

[GQM]

[RESERVED]

[sojic]

It seams the price is very high.

1Mh/s LTC = $999 per year

Currently mining with 1MH/s (if the difficulty doesn't raise) mine about 63LTC per year (about $643 at this moment) http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=1000.00&p=0&pc=0&pf=0.00&d=5808.74098238&r=50.00000000&er=0.02535000&btcer=401.70000000&hc=0.00

The BTC price might go up, but I do not think so (it is another topic).

[GQM]

It seams the price is very high.

1Mh/s LTC = $999 per year

Currently mining with 1MH/s (if the difficulty doesn't raise) mine about 63LTC per year (about $643 at this moment) http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=1000.00&p=0&pc=0&pf=0.00&d=5808.74098238&r=50.00000000&er=0.02535000&btcer=401.70000000&hc=0.00

The BTC price might go up, but I do not think so (it is another topic).

Hi Sojic,

I do appreciate you bringing this up. One of the things I always mention is that mining is a long term gain. By investing in mining you are investing in the technology which supports the network. When you support the network you are helping to keep the network decentralized and as a result are rewarded for these efforts.

A concern I have, as this technology continues to advance it will become harder for the average user to be able to get involved. I hope to keep mining decentralized by offering users an option to get involved in mining.

I will continuously try to remain as competitive as possible. There are a lot of hidden costs to mining which most forget to take into account. I'm reviewing the scrypt mining contracts this week. I just got back from the Bitcoin Expo in Toronto this weekend and may have a lead.

I can also offer mining contracts for Sept - Oct 2014 at a significant discount. I know how much I hated pre orders myself and have been trying to offer mining as soon as possible with guaranteed up times.

Would you guys prefer more options as far as mining start date?

As far as the Bitcoin price that could be a good topic. I'm sure there is a couple out there. My 2 cents I believe in Bitcoin and other Cryptos and have dedicated my life to nothing but building business around it.

I wanted to defend the network and in turn my investment by helping to keep the network decentralized. I came out with the idea in January after the almost 51% attack, I realized that I'm only one person. One thing I always say is one person can't do everything but everyone can do something. If we combine our efforts together no matter how big or small we can all make a contribution to help support the network.

Do I have all the answers today, unfortunately no. What I can tell you is I hope to use this as a vehicle to help support the crypto networks and keep them decentralized. Cloud mining is only one way to do that. I'm working on some others ideas. Cloud mining is not for everyone but for some it's a great option to get involved and support the network.

I'm always open to feedback and appreciate your post

GQM

[GQM]

I have just reviewed the Scrypt mining plans

Please see http://knightsofthesatoshi.com/mining-plans for more details

[Muhammed Zakir]

For better sales you should put an option to buy 10 Gh/s and above. Otherwise it will be a little hard to afford by new miners.
Kindly,
        Muhammed Zakhir

[GQM]

For better sales you should put an option to buy 10 Gh/s and above. Otherwise it will be a little hard to afford by new miners.
Kindly,
        Muhammed Zakhir

Due to the nature of this business model we have chosen to keep the packages simple by offering three different levels. We are a gateway for those with fiat to get involved in crypto currencies but with that comes the risks associated with fiat payments so we try to keep things simple for us and the banks.

We have launched another company within the NXT community called nXtGen Mining which can be found at

http://nxtmining.com

This will allow those with crypto currency already to get involved in a new decentralized asset exchange where they can buy/sell GHS and KHS for NXT. Through this platform we allow you to purchase as little as 1 GHS but currently all dividend payouts are in NXT.

We have chosen to offer two separate business models to tailor to both markets. I appreciate your feedback and will look at ways to improve. Currently we feel that we offer some of the most competitive prices in the market and have many options to chose from.

[Muhammed Zakir]

Okay. Checking the website now  .
Kindly,
        Muhammed Zakhir