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

[Paranoia]

If you want shares in the company to reflect the hash values of the shares in Saturn and Jupiter then you need to do the following:

Every Saturn share gets 11 shares in the new company.
Every Jupiter share gets 12 shares in the new company.
Each new share gets an equal dividend.

Just in case you think this does not reflect the hash/share values you can test it.

Lets say Mr Pink has 156 shares in Saturn and Mr Blue has 143 shares in Jupiter. This means that both of them are generating 400Gh/s. In the new company Mr Pink would have 156*11 or 1716 shares. Mr Blue would have 143*12 or 1716 shares. Both of them would get exactly the same payout for the same hash generation.

No matter what scheme is chosen for share allocation, under no circumstances should anybody lose their income if the machine they have a share in breaks down. The whole idea behind a company is shared costs, shared risk and shared reward.

edit: The reason you should not lose you income is because you will no longer have a share in an individual machine. Instead you will have a share is a group of machines.

[ImThat1Guy]

If you want shares in the company to reflect the hash values of the shares in Saturn and Jupiter then you need to do the following:

Every Saturn share gets 11 shares in the new company.
Every Jupiter share gets 12 shares in the new company.
Each new share gets an equal dividend.

Just in case you think this does not reflect the hash/share values you can test it.

Lets say Mr Pink has 156 shares in Saturn and Mr Blue has 143 shares in Jupiter. This means that both of them are generating 400Gh/s. In the new company Mr Pink would have 156*11 or 1716 shares. Mr Blue would have 143*12 or 1716 shares. Both of them would get exactly the same payout for the same hash generation.

No matter what scheme is chosen for share allocation, under no circumstances should anybody lose their income if the machine they have a share in breaks down. The whole idea behind a company is shared costs, shared risk and shared reward.

edit: The reason you should not lose you income is because you will no longer have a share in an individual machine. Instead you will have a share is a group of machines.

Or we could do this:
"Saturn 1 arrives: OP and his buddies get ~2.55GH/s for each share
Saturn 2: OP, his buddies, and the guys on Saturn 2 get ~2.55GH/s for each share.
[etc., etc.]
Saturn 10: Everyone on Saturns 1-10 get ~2.55GH/s for each share (this assuming that we get the first 10 Saturns, then the Jupiter, then the 11th Saturn)
Juptier: Everyone on Saturns 1-10, plus Jupiter 1, get ~2.61GH/s per share
All machines: Everybody gets ~2.6GH/s per share.
Then, if we keep buying more Jupiters, people get their shares as their machines come in, and everybody's hashrate goes up."

We don't have to worry about who's on which Saturn, who's on the Jupiter, whatever. The only consequence of which machine you're on is in which order you start getting your payouts.

[itreptau]

Shares for KnCMiner Saturn

https://www.kncminer.com/products/saturn

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total

Shares for KnCMiner Jupiter

https://www.kncminer.com/products/jupiter

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total

How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?

If i buy some shares of the Jupiter, when will the payouts begin? September?

[ImThat1Guy]

Shares for KnCMiner Saturn

https://www.kncminer.com/products/saturn

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total

Shares for KnCMiner Jupiter

https://www.kncminer.com/products/jupiter

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total

How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?

If i buy some shares of the Jupiter, when will the payouts begin? September?

That figure in USD you see isn't the price. It's the current exchange rate for BTC. When BTC was going for $100, we could get a share for .5BTC (equivalent to $50). Now they're being sold at .7BTC, because if they were kept at .5 the organizer would only be getting $35 out of each share, not enough to pay for the machines. The price has to be normalized to $50 per share to be able to pay for the machines.

Also, the figure for the Jupiter looks like a typo.

[jamesc760]

finally, sent you my payment for 1 share (saturn 11), please feel free to move to jupiter, I'm totally okay with that.

07c9a0639663f79259c512af801886bbef2527bfce02f9f20515d7303563e634

[ragingazn628]

Going through PMs and replies now guys hang on

crazy 4th of July indeed!

[ragingazn628]

I sent you a PM about my share on the jupiter. Could you please confirm that you got my payment (and that everything else is okay)?

yup I marked you already

finally, sent you my payment for 1 share (saturn 11), please feel free to move to jupiter, I'm totally okay with that.

07c9a0639663f79259c512af801886bbef2527bfce02f9f20515d7303563e634

Shares are no longer .5 BTC each they are .9 BTC due to drop in BTC prices!


Would you like me to return the .5 or can you send more?

Shares for KnCMiner Saturn

https://www.kncminer.com/products/saturn

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total

Shares for KnCMiner Jupiter

https://www.kncminer.com/products/jupiter

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total

How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?

If i buy some shares of the Jupiter, when will the payouts begin? September?

That figure in USD you see isn't the price. It's the current exchange rate for BTC. When BTC was going for $100, we could get a share for .5BTC (equivalent to $50). Now they're being sold at .7BTC, because if they were kept at .5 the organizer would only be getting $35 out of each share, not enough to pay for the machines. The price has to be normalized to $50 per share to be able to pay for the machines.

Also, the figure for the Jupiter looks like a typo.

Yeah I know. What a headache. I wished they just stable around ~$100 to make everyone's lives easier.

Shares for KnCMiner Saturn

https://www.kncminer.com/products/saturn

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total

Shares for KnCMiner Jupiter

https://www.kncminer.com/products/jupiter

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total

How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?

If i buy some shares of the Jupiter, when will the payouts begin? September?

typo / forgot to edit.

KnC Said they will start shipping Sept / OCT

Jupiter 400GH/s Shares:

Code:

1st KnC Jupiter:
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
czspeedycz - 3 BTC - 5 Shares

Total:
 
70 / 143 Shares
[/quote]

There is some miscalculation here. The sum is 75 shares with me. Also I am on this list, but the one on the first page is without me

fixed sorry

About mining company. Honestly I don't think .100 mh/s will matter much unless you have like 20+ shares BUT

We can probably use this formula:

Saturn Share = 2.56 Gh/s / Total Speed

Jupiter Share = 2.80 Gh/s / Total Speed

Profit for Saturn Shareholders:

(BTC Mined bi-weekly)*(Saturn Share)

Profit for Jupiter Shareholders:

(BTC Mined bi-weekly)*(Jupiter Share)

So let's say the total speed is 3000 Gh/s.

I have 10 shares of Saturn and my friend has 10 shares of Jupiter.

The total BTC mined bi-weekly is 400 BTC.

So:

My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.

Friend's cut:

400 * (28.0 / 3000) = 3.733 BTC payout.

Does this make sense?

Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.

What do you guys think?

BTW Happy July 4th tomorrow!

That's... not a mining company at all.

Basically, my problem is I don't see why people who bought in later should be able to get more hashes for less money. Even in your example, the people on the Jupiters earn an extra ~$20 per week, without paying any more. And having people totally left in the cold if their machines stop working at absolutely no fault of their own... that's just bad.

Incorporate it as a proper mining company, with each share being equal. It's easier to account for, and fairer for everybody.

So... the whole idea of making a mining company is so that we do no need to track each machine separately.  Once we figure out all the shares - then the total div is just the coin generated by the number of shares (less expenses).  No need to track which machine is off line etc.

Like I said, you guys can decide and I am open up to whichever. I bought in on Saturn so if we do it separate I would be getting 2.56 gh/s per share but if you do it that method then I would get 2.60 gh/s

ALSO can we PLEASE PLEASE! Finish up saturn or should I move everyone to jupiter? I really don't see the point of 11th Saturn anymore :/


11th KnC Saturn:

Xeen - 1 BTC - 2 Shares
pickymeek - .5 BTC - 1 Share
juula - 10 BTC - 20 Shares
samos123 - 2 BTC - 4 Shares
annoEleni - $400 PP - 8 Shares - FB
jamesc760 - .5 BTC - 1 Share - reserved
annoJBerglund - $100 PP - 2 Shares
wolfskill - 1 BTC - 2 Shares
EsDva - 4 BTC - 8 Shares
mightycount $500 PP - 10 Shares
Bamdad - .55 BTC - 1 Share
Fantazygirl  - $200 PP - 4 Shares
jongaper - .7 BTC - 1 Share



Total:
 64 / 78 Shares[/code]

Jupiter 400GH/s Shares:

[code]
1st KnC Jupiter:
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
piecinitup - 1.1 BTC - 2 Shares
Gyu - $500 PP - 10 Shares
czspeedycz - 3BTC - 5 Shares



Total:
 
87 / 143 Shares

[ragingazn628]

Hey also I got a friend who just moved back to Sweeden dig up some stuff on KnC... check it out:

http://www.mediafire.com/?gl8l3xneto0994t

[Lytse]

Hey also I got a friend who just moved back to Sweeden dig up some stuff on KnC... check it out:

http://www.mediafire.com/?gl8l3xneto0994t

What's there to check other than a low starting capital 

[floatyfish]

I noticed that I'm still not on the Jupiter share list, did my payment come through?

TXID: https://blockchain.info/tx/c05b9be5dec1230bfb670dc41493596fbd449067f4116307d99d5fe3f08726a8

[dracore]

Hi ragingazn628,

When was the Jupiter purchased?  Will it be hosted in a data center, a storage facility, or.. your home?

If I ever visit from NJ, will I need a visitor's badge to see it?

[wiredmine]

Hi how much are Paypal shares at moment they were previously $50, cheers

[jamesc760]

Just bought 0.4 btc on coinbase, will send it to you as soon as it arrives.

jamesc760

[physalis]

I'd suggest you ask all the #11 to either give permission to be put on the jupiter list or get refunded, so you can close it for good.
It's really just better for everyone to be on jupiter, so I don't think anyone minds.

[samos123]

I'd suggest you ask all the #11 to either give permission to be put on the jupiter list or get refunded, so you can close it for good.
It's really just better for everyone to be on jupiter, so I don't think anyone minds.

+1 Yes move my share to either one, so that we can finally close this.

[danieldaniel]

Buy more shares, people! 

[Faerbit]

I'd suggest you ask all the #11 to either give permission to be put on the jupiter list or get refunded, so you can close it for good.
It's really just better for everyone to be on jupiter, so I don't think anyone minds.

I second this. I think most of them don't follow this post, and aren't aware of this issue. So maybe write them a PM and hope they turned on their e-mail notification?

[m_yaw]

Buy more shares, people! 

I don't get it. I bought but my share isn't getting counted, despite PNs and posts in this thread.

[MrSitype]

How much is a Jupiter share, now ? .5, .7, .9 ?

[ezisdog]

Can i suggest one thing?

Those who are in 11th saturn could move to 1st Jupiter so this one can close and all the company could benefit from an upgrade to the hashrate.

Don't know if this is complicated. According to my claculations all saturn shares into jupiter would exceed 8 shares. In this case the first 143 shares (saturn/jupiter together) would close the order.

What do you think?