[Group Buy]12 KNCminer Jupiter's 15 Sold [Closed] Jupiter Pool

[soniq]

1 share

TX ID: 151f6f774c480ab2e1b93eba3b180fb0848989235175fe51b15707bc394fcb01

wallet address: 1MXJhz5m5R4zhvdqrZe45xkFigyEiT7UjZ

Cheers

3 Shares

TX ID ad20b8cc487f506b8c936651097ad514128356bac091ff59bf3eb2b61fa72610

Payment sent for 3 shares

https://blockchain.info/ro/tx/fb96ba775cac39e380f1ad220a3aec5058143d5a7a30abe9986b3fd5459e47b6

Thanks

Added to OP , thank you for contributing

Currently three shares short for a 9th Jupiter

[1715483926]

1715483926

[1715483926]

1715483926

[soniq]

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.

Appreciate all your comments. All issues will be addressed when I have moment to breath.

The share price is adjusted to reflect the exchange rate in USD/BTC as the Jupiters are priced in USD. I am not trying to make a profit on the purchase price.

The cost of the power supplies is a mute point, KNC has not developed a Jupiter yet. When and if they do, it will be a very very small expense relative to the income potential.

The 1/360 ownership will be clarified before any Jupiter hashes. Right now though this opportunity is giving smaller miners a chance to participate in an item they would not normally be able to afford.

I will have some  of my capital invested in this pool( mostly time right now, and will be more time invested after GB is over. updating shareholders, monitoring and or visiting KNC facility, updating shareholder list etc etc)

There has been a few forum posters that have mentioned that I am being paid really well. Yes I will do well if KNC delivers, but I am being paid nothing until then.

And if KNC delivers the shareholder will do well as well. A win win for everyone.

[pgbit]

2 more shares, hopefully 1 more will chip in.
Tx ID: f5574179c46cd96b99d51c1d5480eefb10319e9d159a99662418a7b28bc5e4ce
PM sent

[Deoptics8]

The KNC site states the first Jupiter will be shipped in September. I know we are in early but do we have an idea of how they will be released. I hope it is not similar to BFL where they send tiny batches (i.e. 2-3/week) what is the expected delivery date if #1 say mid-Sept?

[AvenG]

due to current BTC price drop.. + due to KnC prices based on USD. would you accept Paypal?

[soniq]

due to current BTC price drop.. + due to KnC prices based on USD. would you accept Paypal?

I currently have about $3400 interested in paying by Paypal. Would need the full purchase price of one Jupiter in USD as KNC does not allow payment with part BTC/USD.

[AvenG]

you always can convert BTC in USD..

I believe that more people will buy shares from you if you just offer both ways of payment.

[soniq]

9th Jupiter purchased

Good work everyone

[soniq]

you always can convert BTC in USD..

I believe that more people will buy shares from you if you just offer both ways of payment.

I would consider it, but currently I dont have the time to convert USD to BTC.  I ended this GB a little bit early to give me time to clear up any loose ends with KNC.

Interested investors can still buy in after the timer is over.

 PM me before you send any payments however to verify that there is still time and space to enter GB.

[weaknesswaran]

3 Shares

TX ID ad20b8cc487f506b8c936651097ad514128356bac091ff59bf3eb2b61fa72610

First send failed, update TX ID:

73fcc54d5a8886ce5bcb3647a40cdb6cbb06ddb8f9e0591d5e29c1a9a673ea87

https://blockchain.info/de/tx/73fcc54d5a8886ce5bcb3647a40cdb6cbb06ddb8f9e0591d5e29c1a9a673ea87

[soniq]

Soniq,
Could I just clarify that proceeds will be shared out prorata form ALL delivered Jupiters to ALL shareholders.

By that I mean if the first 2 jupiters get up and running first then will all shareholders be getting shares from that moment.

I presume that the jupiter number that a shareholder has contributed towards (e.g. 2nd on your documents) is purely for your own administration and letting us know where you're at.


Is this correct?

Many Thanks

After more consideration and input from several members I have removed the amendment. The original terms will stand until such time as the shareholders can vote to change it.

[KSV]

Soniq,
Could I just clarify that proceeds will be shared out prorata form ALL delivered Jupiters to ALL shareholders.

By that I mean if the first 2 jupiters get up and running first then will all shareholders be getting shares from that moment.

I presume that the jupiter number that a shareholder has contributed towards (e.g. 2nd on your documents) is purely for your own administration and letting us know where you're at.


Is this correct?

Many Thanks

After more consideration and input from several members I have removed the amendment. The original terms will stand until such time as the shareholders can vote to change it.

so the earlier investors, get payout in order of shipment - correct?

also, what happens now that only 9 have been sold? what are the changes?

[pgbit]

From my previous post - just to confirm, did this get in for the 9th Jupiter?
">2 more shares, hopefully 1 more will chip in.
Tx ID: f5574179c46cd96b99d51c1d5480eefb10319e9d159a99662418a7b28bc5e4ce"
- Did payment go through OK to make the spreadsheet? Looks good my end. Thx.

[BenTuras]

I don't understand why there is confusion. We are participating in a GROUP buy and in the opening post Soniq clearly states "Each share entitles the owner to 1/360th* of the BTC proceeds from the group of 12 KNC Jupiter's mining 24/7 till no longer profitable or sold (less expenses and management fees)". Since we got to 9 Jupiters, each share entitles to 1/270 of the BTC....

As participants we pro rata share the costs and the income, no matter when we stepped in.

The equality was for me to reason to step in.

[KSV]

I don't understand why there is confusion. We are participating in a GROUP buy and in the opening post Soniq clearly states "Each share entitles the owner to 1/360th* of the BTC proceeds from the group of 12 KNC Jupiter's mining 24/7 till no longer profitable or sold (less expenses and management fees)". Since we got to 9 Jupiters, each share entitles to 1/270 of the BTC....

As participants we pro rata share the costs and the income, no matter when we stepped in.

The equality was for me to reason to step in.

while that seems nice as we receive a bigger share, why dont we let soniq clarify that.

[BenTuras]

I don't understand why there is confusion. We are participating in a GROUP buy and in the opening post Soniq clearly states "Each share entitles the owner to 1/360th* of the BTC proceeds from the group of 12 KNC Jupiter's mining 24/7 till no longer profitable or sold (less expenses and management fees)". Since we got to 9 Jupiters, each share entitles to 1/270 of the BTC....

As participants we pro rata share the costs and the income, no matter when we stepped in.

The equality was for me to reason to step in.

while that seems nice as we receive a bigger share, why dont we let soniq clarify that.

The share might be bigger, but you do realize the income is also lower with 9 Jupiters compared to the income of 12 Jupiters ?

[miner_btc]

I don't understand why there is confusion. We are participating in a GROUP buy and in the opening post Soniq clearly states "Each share entitles the owner to 1/360th* of the BTC proceeds from the group of 12 KNC Jupiter's mining 24/7 till no longer profitable or sold (less expenses and management fees)". Since we got to 9 Jupiters, each share entitles to 1/270 of the BTC....

As participants we pro rata share the costs and the income, no matter when we stepped in.

The equality was for me to reason to step in.

+1... Makes sense to me. Frankly this is how I thought this whole thing would be handled or I may not have bought in.

[RayG]

I'm 3rd on the list (24 shares) and I don't expect any privileges. As a group, we should share good and bad (what if one of the miners crashes...)

[hwmax]

I don't understand why there is confusion. We are participating in a GROUP buy and in the opening post Soniq clearly states "Each share entitles the owner to 1/360th* of the BTC proceeds from the group of 12 KNC Jupiter's mining 24/7 till no longer profitable or sold (less expenses and management fees)". Since we got to 9 Jupiters, each share entitles to 1/270 of the BTC....

As participants we pro rata share the costs and the income, no matter when we stepped in.

The equality was for me to reason to step in.

This was also my understanding and the primary reason for buying in.

[soniq]

I don't understand why there is confusion. We are participating in a GROUP buy and in the opening post Soniq clearly states "Each share entitles the owner to 1/360th* of the BTC proceeds from the group of 12 KNC Jupiter's mining 24/7 till no longer profitable or sold (less expenses and management fees)". Since we got to 9 Jupiters, each share entitles to 1/270 of the BTC....

As participants we pro rata share the costs and the income, no matter when we stepped in.

The equality was for me to reason to step in.

refer to post 191 in this thread, original terms stand