[OPEN] Confirmed*PAID* USA NO VAT KnC Neptune#3 - .25 BTC = 17 Shares = ~60 Gh/s

[ragingazn628]

I would be down for a Jupiter, would the per share cost stay the same or would it go up? Also, would the minimum still be .5 BTC or would it be 1 BTC?

.5 BTC per share

$7,131.80 ~= $7150

$7150 / 50 = 143 Shares

400 GH/S / 143 = 2.80 GH/S per Share

a little bit higher than Saturn.

[ImThat1Guy]

I would be down for a Jupiter, would the per share cost stay the same or would it go up? Also, would the minimum still be .5 BTC or would it be 1 BTC?

.5 BTC per share

$7,131.80 ~= $7150

$7150 / 50 = 143 Shares

400 GH/S / 143 = 2.80 GH/S per Share

a little bit higher than Saturn.

Oooh... I'd buy Jupiter shares. Shame you didn't start out with buying Jupiters instead of Saturns!

Are Jupiters and Saturns expected to ship at the same time?

[floatyfish]

I would be down for a Jupiter, would the per share cost stay the same or would it go up? Also, would the minimum still be .5 BTC or would it be 1 BTC?

.5 BTC per share

$7,131.80 ~= $7150

$7150 / 50 = 143 Shares

400 GH/S / 143 = 2.80 GH/S per Share

a little bit higher than Saturn.

In that case I would say go for it. However. If you do, you should cap the number of Saturns at say 11 or 12, and then switch over to the Jupiters.

[Xeen]

You have 80 shares on #10 now.  Originally you had me split with 2 on #10 and 2 on #11, but in your last update you put my 4 on #10 which appears to have put it over.

[ezisdog]

I would be down for a Jupiter, would the per share cost stay the same or would it go up? Also, would the minimum still be .5 BTC or would it be 1 BTC?

.5 BTC per share

$7,131.80 ~= $7150

$7150 / 50 = 143 Shares

400 GH/S / 143 = 2.80 GH/S per Share

a little bit higher than Saturn.

I'm in to Jupiter! Can i change my shares (1.5) to Jupiter? :-)
More the ones i want to buy! :-D

[ragingazn628]

You have 80 shares on #10 now.  Originally you had me split with 2 on #10 and 2 on #11, but in your last update you put my 4 on #10 which appears to have put it over.

DOH! yes I messed up because of pinky's lol changing it back now.

I would be down for a Jupiter, would the per share cost stay the same or would it go up? Also, would the minimum still be .5 BTC or would it be 1 BTC?

.5 BTC per share

$7,131.80 ~= $7150

$7150 / 50 = 143 Shares

400 GH/S / 143 = 2.80 GH/S per Share

a little bit higher than Saturn.

I'm in to Jupiter! Can i change my shares (1.5) to Jupiter? :-)
More the ones i want to buy! :-D

Yes but for machine #11 only. Keep in mind that Jupiter will fill up a bit slower. Let me know what you want to do. I'm going to start a new thread for Jupiter though.

[ezisdog]

You have 80 shares on #10 now.  Originally you had me split with 2 on #10 and 2 on #11, but in your last update you put my 4 on #10 which appears to have put it over.

DOH! yes I messed up because of pinky's lol changing it back now.

I would be down for a Jupiter, would the per share cost stay the same or would it go up? Also, would the minimum still be .5 BTC or would it be 1 BTC?

.5 BTC per share

$7,131.80 ~= $7150

$7150 / 50 = 143 Shares

400 GH/S / 143 = 2.80 GH/S per Share

a little bit higher than Saturn.

I'm in to Jupiter! Can i change my shares (1.5) to Jupiter? :-)
More the ones i want to buy! :-D

Yes but for machine #11 only. Keep in mind that Jupiter will fill up a bit slower. Let me know what you want to do. I'm going to start a new thread for Jupiter though.

Yes, all from machine #11!

[physalis]

In that case, put my 5 shares from #11 onto the Jupiter too please.

[ragingazn628]

In that case, put my 5 shares from #11 onto the Jupiter too please.

Ok with Jupiter I cannot pay with Paypal Credit Card. I have been paying with Paypal Credit Card so we have some kind of protection from Paypal. But unfortunately my credit limit isn't high enough for Jupiter so it will just be regular paypal balance. We would still have protection but I feel like protection from Paypal + Credit Card is a lot safer. If we get more interests I'll start the Jupiter thread.

[floatyfish]

Count me in for a Jupiter, I have another .5 BTC coming in tomorrow and would love to have it go towards one.

[ezisdog]

In that case, put my 5 shares from #11 onto the Jupiter too please.

Ok with Jupiter I cannot pay with Paypal Credit Card. I have been paying with Paypal Credit Card so we have some kind of protection from Paypal. But unfortunately my credit limit isn't high enough for Jupiter so it will just be regular paypal balance. We would still have protection but I feel like protection from Paypal + Credit Card is a lot safer. If we get more interests I'll start the Jupiter thread.

Ok, then.
Tomorrow i'll buy more 4 shares.

Please consider open a Jupiter Thread and put my 1.5 shares from #11 there and reserve me 4 more shares. ;-)

[COINPRADER]

Instead of a different Jupiter thread - any thoughts on just making this one mining company.  It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed.  Machines are not due until September and later.  I know I would like to get more shares as I get coin from mining etc.  Not so sure I want to keep track over many machines and 2 threads...

[msm595]

Instead of a different Jupiter thread - any thoughts on just making this one mining company.  It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed.  Machines are not due until September and later.  I know I would like to get more shares as I get coin from mining etc.  Not so sure I want to keep track over many machines and 2 threads...

I agree, making this a mining company might be best. Plus, it allows the option for shares not to be a fixed MH/s, so it allows for growth of the company and retention of the value of shares.

[ragingazn628]

Instead of a different Jupiter thread - any thoughts on just making this one mining company.  It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed.  Machines are not due until September and later.  I know I would like to get more shares as I get coin from mining etc.  Not so sure I want to keep track over many machines and 2 threads...

Wow great idea!!!

I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!

[norulezapply]

Instead of a different Jupiter thread - any thoughts on just making this one mining company.  It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed.  Machines are not due until September and later.  I know I would like to get more shares as I get coin from mining etc.  Not so sure I want to keep track over many machines and 2 threads...

Wow great idea!!!

I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!

If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)

[wolfskill]

Hello ragingazn628,

I just sent 1 BTC for 2 shares on the 11th miner.  Transactions ID = a4ecf554017c9d7711643dc4840e087cff23b716c60e2dcff3718a11e2f2d8a0-000


WolfSkill

[COINPRADER]

Instead of a different Jupiter thread - any thoughts on just making this one mining company.  It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed.  Machines are not due until September and later.  I know I would like to get more shares as I get coin from mining etc.  Not so sure I want to keep track over many machines and 2 threads...

Wow great idea!!!

I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!

If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)

I would think each share's hash rate would be the same.  The major difference would be that each share is not connected to a specific machine.  This spreads the risk of a failed machine across the entire company.  Essentially the math is the same - right now it is X number of Gigahashes per machine divided by Y number of shares = 2.56 Gigashashes per share.  The new company would be X number of Terrahashes for the company divided by Y number of shares = 2.56 Gigahashes per share (solve for Y).  With this method, we can still keep purchasing units to add to the company (until some cutoff date - maybe the first shipped machine).  This should make tracking our investments easier and make it much easier for ragingazn628 to keep track and get those dividends to us!
If we got quite a few more machines - we could even consider setting up with one of the exchanges to make the shares transferable (sell/buy).  With enough of us (and enough equipment), there is no reason that this needs to end after 2 years.   

[norulezapply]

Instead of a different Jupiter thread - any thoughts on just making this one mining company.  It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed.  Machines are not due until September and later.  I know I would like to get more shares as I get coin from mining etc.  Not so sure I want to keep track over many machines and 2 threads...

Wow great idea!!!

I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!

If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)

I would think each share's hash rate would be the same.  The major difference would be that each share is not connected to a specific machine.  This spreads the risk of a failed machine across the entire company.  Essentially the math is the same - right now it is X number of Gigahashes per machine divided by Y number of shares = 2.56 Gigashashes per share.  The new company would be X number of Terrahashes for the company divided by Y number of shares = 2.56 Gigahashes per share (solve for Y).  With this method, we can still keep purchasing units to add to the company (until some cutoff date - maybe the first shipped machine).  This should make tracking our investments easier and make it much easier for ragingazn628 to keep track and get those dividends to us!
If we got quite a few more machines - we could even consider setting up with one of the exchanges to make the shares transferable (sell/buy).  With enough of us (and enough equipment), there is no reason that this needs to end after 2 years.   

That works for me, with the exception of people that ordered first on the first machines should get their shares paying out first of course. That would need to be managed somehow IMO

[COINPRADER]

   
[/quote]

That works for me, with the exception of people that ordered first on the first machines should get their shares paying out first of course. That would need to be managed somehow IMO
[/quote]

That would be fair.  Maybe "issue" your working shares when the machine you bought into arrives - we already know who bought into which machine. It would not be very hard to coordinate this aspect - then once all machines are live - all shares are live.  This would mean that while units are arriving - early investors start getting live - dividend paying - shares earlier than later investors.  I hope this is not a big issue - as in - I hope the unit shipping does not take a year ;(
I would also love to see some way to "reinvest" some dividends to keep purchasing Hash...

[floatyfish]

 
That works for me, with the exception of people that ordered first on the first machines should get their shares paying out first of course. That would need to be managed somehow IMO


That would be fair.  Maybe "issue" your working shares when the machine you bought into arrives - we already know who bought into which machine. It would not be very hard to coordinate this aspect - then once all machines are live - all shares are live.  This would mean that while units are arriving - early investors start getting live - dividend paying - shares earlier than later investors.  I hope this is not a big issue - as in - I hope the unit shipping does not take a year ;(
I would also love to see some way to "reinvest" some dividends to keep purchasing Hash...

I was typing out that exact idea (first buyers get first dibs) but you beat me to it!   Perhaps the deduction for upkeep could be bumped up from 2% to 3%, with that extra 1% going to a reinvestment fund, or if an increase in fees isn't palpable, take some money out of the 2% fee and put it aside for reinvestment.