1.55 BTC = 7.1GH/s KnCMiner Jupiter. InfiniteHash.com BETA - Miners HERE!

[Adeel06]

On top of that, I have already paid for extra machines so that we are towards the top of the list for when KnC ships. So order away

[Adeel06]

Bumpity Bump

[Adeel06]

Interesting. At 1.15BTC/5GH, if these are up and running by the beginning of October ROI is 3 months, but if they are up by the end of October they will never ROI.

I am not sure how you are doing your calculations but you are not taking into account the increase of the price of BTC based on the increase of difficulty. It is a direct correlation that is delayed by a period of about 6 months so these systems will definitely be profitable.

-Adeel

[ottuzzi]

Interesting. At 1.15BTC/5GH, if these are up and running by the beginning of October ROI is 3 months, but if they are up by the end of October they will never ROI.

I am not sure how you are doing your calculations but you are not taking into account the increase of the price of BTC based on the increase of difficulty. It is a direct correlation that is delayed by a period of about 6 months so these systems will definitely be profitable.

-Adeel

Hi Adeel,

   I think he is referring to http://mining.thegenesisblock.com/ that is a good calculator that try to forecast mining profitability in near future: try it... it's nice

Bye

[mrtchipr]

Hi,

Correct me if I'm wrong but if I were to purchase some shares now it'll go for machine # 7 that hasn't been purchased yet?

Say that it gets funded within 10 days, what is the estimated delivery date?

[jamesc760]

So, what's the price per share now? Is it 1.15BTC or 1.55BTC or ?

[jamesc760]

1.55 btc is a little too high considering today's bitcoin price which is around $100. I'd consider buying a share here but not at the current price.

[GreenDefender]

me too

[soapmodem]

As Adeel stated previously, since Knc bases the price of the miner on USD, the price is $130 per share ... which at current BTC mtgox price of $102, would come out to 130/102 = 1.27 BTC. 

[Adeel06]

Thanks for helping me out soapmodem, I partially tore my ACL so I've been MIA for 3 days, my humble apologies, however he is correct, since bitpay takes money based on current USD prices, the price of 130 USD matters most for us and matters at the date when we purchase the actual system from kncminer.com. If you have any questions, feel free to shoot me an email at adeel06@gmail.com. Thanks guys,

-Adeel

[reedy10]

Payment made by Paypal for 3 shares.

Transaction ID: 11N47467NE0571904

Pay to this address: 1JoZV2mkUAdAF8wTrYVpnftMuUQCjetXn4

[Chef Ramsay]

Any updates or is this a bust?

[reedy10]

I'm starting to think this is a bust.

[jamesc760]

You must have busted brains if you think you can make even ROI on the KNC machines now, they will ship in October at the earliest if you order today, assuming they are on schedule for delivery, which is a BIG assumption and will likely ship later like all these other pre-order group buys. By October/November, difficulty will have climbed to over 100 Million. You will be lucky to get your money back.

[mupartee]

Guys, the first batch of units that Adeel put in orders for were 5 weeks ago or more, including the two that I purchased. I asked KnC about them and they're in the group that will be shipping at the end of Sept. or early October which is nearly the best you can ask for because everything depends on KnC delivering as planned. I'm also in talks with Adeel and he has a medical issue right now which is why he isn't able to be responding on here recently. This isn't a bust, just be patient. The option remains the same. If you want a share of a KnC Jupiter unit, this is one of the few last organized group buys that can still give you that chance. Everybody keeps speculating about ROI, but no one knows what will happen regarding that. As everyone says including the core developers for bitcoin, don't invest more than you are willing to lose. If you think this is a bust, it's not. If you think this is a risky investment, that's a decision you must make for yourself and stop whining about it. It is what it is.

Whatever the case, if BTC is $300 six months from now, good luck turning back time to purchase a few shares...

[Adeel06]

Hey guys, I'm sorry for being away for so long! I was worried that all hell would have broken loose by now, but thank god everything is okay over here . To everyone who sent payment while I was away, can you please send your payment info, receiving address and transaction ID to me in a private message. Anyway, due to the fact that I am in Oklahoma, the hospital I had my surgery at is actually a Cardiac response hospital and they made me have to live without a cell phone due to people with pacemakers. I have some other news to report, this system will be the last system that we sell shares for in regards to this group buy. We have been selling a large amount of systems locally for a higher markup and have decided that after this system, we will no longer sell anymore on bitcointalk. For this reason, if you are interested in getting in now, please do. These systems will be run for 2 years or until they are no longer profitable and then we will hopefully sell the system and split up the money from the sale as per your share holdings. Also, if you purchase shares over the amount that is available for the last system, you will be refunded. Thank you for your time and considerations,

-Adeel

[Adeel06]

Also, I am going to post some pictures tonight of some of the equipment we already purchased. We have installed 2 central air conditioning units and also purchased a separate portable 12,000 BTU unit so that we can make sure the systems are always run at the optimum temperature. There is also a dehumidifier in the location to ensure that the systems don't  have to operate in a wet environment.

[Adeel06]

Also, in the future if there is any trouble contacting me, feel free to message mupartee and ask him to call me.

-Adeel

[bbmolo]

Is there any shares left and what would be the price i need to pay for them?

[wookee13]

Interested to get some shares too. Still available at 1.15 BTC?