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.
