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Author Topic: [Group Buy] [On hold] KnC Miner Jupiter shares: $77 ~4Ghash/s  (Read 2624 times)
Tirapon (OP)
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June 27, 2013, 05:08:32 PM
Last edit: July 03, 2013, 03:58:13 PM by Tirapon
 #1

Smiley GROUP BUY Smiley


EDIT: Updated prices with a live ticker to keep up with changing prices. Cost per share is 77 USD.

EDIT: I'll be away from July 4th for a few weeks. I should be able to check up on things regularly, but also feel free to message Bitwhizz who I'll be working with on this.

EDIT: On hold - we are looking to restructure our group buy, and won't be taking any payments at the moment


Leviatus crypto-mining group

We have decided to organise a group buy for the KnC miner Jupiter. We are issuing 100 shares at bitcoins each. Price may vary based on exchange rate. 6 shares will be reserved for the organisers. 94 shares at BTC per share will cover all costs including shipping and set-up.

Are we qualified?

Yes, we already have a mining operation which has been running for several months. We are looking to expand into the ASIC game Smiley


Are we trustworthy?

Yes, we can offer photo identification of the team behind the mining operation if needed. I have been an active member on this forum for almost a year. I have been involved in several transactions and currently run a Litecoin mining operation with an associate.


Where will the mining rig be situated?

The KnC mining rig ‘Jupiter’ will be situated in southwest London, UK. The shares issued are only for a holding in the KnC Jupiter, not part of our overall mining group. The Rigs will be covered by insurance.


When will dividends be paid out?

Dividends will be paid out every Two weeks. Each shareholder will be paid a dividend depending on the amount of shares they hold.


Why do you need an investment from the public?

We don’t, we are financially capable of ordering several of these mining rigs with our own capital, however there are risks involved when ordering from KnC miner. We want to share the risks and rewards for those that invest with us.

Any questions, Identity verification or anything else, please let us know and we shall supply it.

- - -

Below is a description of our share offering:


Payment Address -


This group buy is intended to give forum members the opportunity to purchase hashing power through the recently launched KnC Miner (https://www.kncminer.com) company located in Stockholm, Sweden. I have structured the purchase so that members can get involved in ASIC mining using the KnC Jupiter device without having to pay the full ~70BTC for their own machine.

Offering:
- 94 shares at each are available. (100 shares in total, including 6 shares owned by the organisers)
- Each share is worth approximately 4Gh/s of hashing power
- Each share entitles the owner to 1/100 of the BTC proceeds from a KNC Miner Jupiter mining 24/7 for a minimum of 30 months*, payment will be made to the address of the shareholders bi-weekly. (*Miner breaking after 12 month warranty, random acts of nature like data center burns down, internet downtime, etc. not covered in 24/7 for 30 months. If mining is no longer profitable before the end of the 30 month period, mining will cease)
- The 6 outstanding shares will be owned by the organisers as payment for maintenance of the miner, peripheral hardware needed UPS, possible router etc.
- After 30 months we will consider decommissioning and possibly selling the miner if it is no longer profitable to run. This can be put to a shareholder vote.
- Organiser shares will cover maintenance, insurance of equipment from theft, and work including initial set up (not electricity).

IN CASE OF NON DELIVERY:
We take no responsibility for the possibility that KnC Miner does not deliver the miner. There is a certain level of risk which is taken on by shareholders, you can never 100% guarantee anything when it comes to pre-orders. By purchasing shares, you agree that you understand the risks involved and agree that the organisers accept no liability in the case of non-delivery. We will, of course, do everything within our power to recover the costs and reimburse our shareholders, less a 1% fee for our time/management.

To purchase shares, send per share to address:


- PM me/and post the transaction ID in this thread. ONLY use sending addresses you fully control. I will use the sending address for BTC payouts for your share ownership and if you request change of payout address I will require that you can sign your share purchase address to make this happen OR I WILL NOT CHANGE THE RECEIVING ADDRESS. This is for your own protection.

If I have forgotten anything or you require more info etc. Please feel free to ask/post in this thread.
Should the Group Buy not sell all 94 available shares within 3 weeks I reserve the right to refund all share holders their purchase price -1% for transaction fees and management of the group buy.


(Thanks to TheSwede75 and SilentSonicBoom for their similar group buy that I used as a template for my group buy)






Group buy status - shares sold:

riclas - 9 BTC ; 12 shares
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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clowe
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June 27, 2013, 06:54:48 PM
 #2

Perhaps the most important question, when did you order and what's your place in the queue?

Thanks
Tirapon (OP)
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June 27, 2013, 08:30:54 PM
 #3

Hi Clowe

We haven't got an order placed with KnC miner, I've made this post to gauge interest for a group order of a single Jupiter device. If there is enough interest, and the 94 available shares are sold within a few weeks, we will place the order. This would hopefully mean that the device would be with us some time in October. Of course, I don't know how much interest we will receive - there are already a number of group buys being organised. However, having several different members organising group buys helps to keep mining somewhat decentralised. Also, as we will be based in London, we may have more interest from UK members, who we could potentially meet with in person to help with trust.

Hopefully this answers your question, and you may consider participating in this group venture Smiley
riclas
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June 29, 2013, 08:53:30 PM
 #4

sent 9 btc for 12 shares.

txid: d757d9165a0c1e5f70a7c64509fae55dcd54692fc5fa07ec61009d10deba781d

portuguese p2p trader. telegram @riclas
Tirapon (OP)
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June 30, 2013, 11:28:38 AM
 #5

9 BTC received from riclas
jonsi
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July 02, 2013, 08:41:16 PM
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   "- Each share entitles the owner to 1/100 of the BTC proceeds from a KNC Miner Saturn mining 24/7 for a minimum of 30 months"...

Doesn't seems strange that you are buying a Jupiter and the shares are for Saturn???
bitwhizz
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July 02, 2013, 10:06:55 PM
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  "- Each share entitles the owner to 1/100 of the BTC proceeds from a KNC Miner Saturn mining 24/7 for a minimum of 30 months"...

Doesn't seems strange that you are buying a Jupiter and the shares are for Saturn???

thank you for stating the typo error, i will have that edited
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July 03, 2013, 09:29:57 PM
Last edit: July 05, 2013, 10:24:19 AM by bitwhizz
 #8

Group buy is currently on hold while we are ordering an actual KNC miner,

Riclas was fully refunded his 9 btc
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