[Group Buy] 0.5BTC for 2.5GHs Kncminer Jupiter

[chenchunyu88]

I know I am new to this forum but I'd like to start a group buy for the Kncminer Jupiter Miner

For more information, see: https://www.kncminer.com/products/jupiter

How this going to work?

The device is 350GH/s minimum and selling at 6,995.00. I designed the share as follows:

.5 BTC Minimum
.5 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 350/140=2.5Gh/s (You need also deduct the gain against 2% fee and other expenses describe in Dividends section)
140 Shares total


The miner will be hosted in Michigan and I will provide a 24/7 monitoring service for you once the miner starts to work.

Dividends
Payouts will take place bi-weekly. I will send you your profits every 2 weeks to your designated address.

The fee will be 2% of your profit + (expenses include but are not limited to, electricity, repairs, shipping, taxes etc.)

Note* if you would like to sell your shares later there will be a 5% fee

In case of non-delivery:
In case KNC does not deliver I will do everything in our power to refund your (and our own) investments. I cannot guarantee this however. Buying these shares means you agree to not hold us responsible in case KNC does not deliver.

In case of hardware failure:
In case of hardware failure I will have KNC repair or replace the machine. Any costs involved will be deducted from payment as costs.

How to order?

Pay to this address: 1Bgo5AqGpA2af1VrwXsyz4nWR7ig5AkDej

* PM me/and post the transaction ID (txid) in this thread. **ONLY use sending addresses you fully control.** I will use the sending address for BTC payouts for your share ownership!

I also created a google docs to track the payment and dividends and I will update it frequently: https://docs.google.com/spreadsheet/ccc?key=0AtF8fHhn5HRtdE5aRkVfZmR1R0ZTYUtZaUJrb2o0WVE#gid=0

If you wish to pay by paypal, please PM me.

About Me
I am a personal miner myself, but I wanted to play something bigger and mine more bitcoins. And that's why I started this post. Bitcoin is build on trust and I hope people can trust on this first bigger shot.

Although mining bitcoin in this way seems to be profitable, nobody can guarantee it. Let's start our venture.

[empoweoqwj]

I am interested, but very concerned about the "non-delivery" clause.

Surely if KNC doesn't deliver the product, you get a refund from them, and pass it on. What am I missing?

[kuriboh]

Its a lot risky, as you say, because you are new.

why don't you look another bigger group buys like this one

https://bitcointalk.org/index.php?topic=238336.0

they organize another groupbuy (very similar to this one) and very successful orderin 12 KNC Jupiter

https://bitcointalk.org/index.php?topic=227400.0

[chenchunyu88]

I am interested, but very concerned about the "non-delivery" clause.

Surely if KNC doesn't deliver the product, you get a refund from them, and pass it on. What am I missing?

Yes. It's true. I will try my best to get the refund for non delivery because I will personally invest a few shares in it.

[chenchunyu88]

Its a lot risky, as you say, because you are new.

why don't you look another bigger group buys like this one

https://bitcointalk.org/index.php?topic=238336.0

they organize another groupbuy (very similar to this one) and very successful orderin 12 KNC Jupiter

https://bitcointalk.org/index.php?topic=227400.0

I already bought some from the bigger group today, but I wanted to try buying one myself and run it myself. I have several USB mining devices myself and I started with GPU few years ago. Even I am new to this forum, I got quite a lot experience in BTC mining.