[Groupbuy] [UK] Saturn KNC Miner (0/40 shares) [CLOSED] !!!

[Mogumodz]

UK Group Buy SHARES REMAINING 0/40 @ 1.30 BTC each For Saturn 200 GH/s Purchase

0 SHARES LEFT [CLOSED] Well done everyone!

I'm contacting reserved shareholders wit ha few hours left reserved before I offer them out to the public.
 
Escrow agreed with JohnK for Group buy KNC Saturn 200GH Miner, Expected Delivery is October according to KNC.
 
All shares are 1.30 BTC each to allow for market changes and escrow fees. This group buy needs 0 remaining shares at 1.30 BTC each to be sold to purchase a preorder for a Saturn 200GH/s from KNCMiner. If these 35 shares at 1.30 BTC each are purchased, every share will payout 1/40th of the expected hashrate in BTC of the 200GH/s miner. 200 divided by 40 equals a theoretical hashrate of 5 GH/s per share!
 
This group buy is intended to let my friends and forum members take part in the opportunity to purchase cheap hash-rate through the recently launched KNC Miner (https://www.kncminer.com) company located in Stockholm, Sweden. The unit that the shares relate to is the KNC Saturn now advertised for 200 GH/s (https://www.kncminer.com/products/saturn).  

Want to know a bit more about the company before investing? Check out BitcoinOrama Report on the KnCminer/OrSoC Open-day Mon 10/06/13 (Stockholm)

https://bitcointalk.org/index.php?topic=232852.0

Read up on KNCMiner and what it’s about.

https://bitcointalk.org/index.php?topic=214285.0
https://bitcointalk.org/index.php?topic=170332.0
 
I have structured the purchase so that members wanting to get access to the exceptionally cheap hash rate/GH that the Saturn offers can secure hash rate from one of the machines without spending ~BTC50 for a purchase.
 
OFFERING DETAILS:
 - 35 shares of 1.30 BTC each are available.
- Each share entitles the owner to 1/40th of the BTC proceeds from a KNC Miner Saturn mining 24/7 for 24 months*
- Payments will be made to the address of the shareholders weekly.
- 5 shares will be owned by OP as payment for hosting/power/maintenance of the miner.
- After 24 months the miner will be considered 'spent' and become the property of OP.
- IP Webcam will be watching the miner 24/7 if you wish to watch a live feed.
(*Miner breaking after 12 month warranty, random acts of nature like house burns down etc, internet downtime, not covered in 24/7 for 24 months)

IN CASE OF NON DELIVERY: I take no responsibility for the possibility that KNC Miner does not deliver the miner. I have done what I consider a thorough due diligence but as we all know, you can never 100% guarantee anything when it comes to pre-orders.

IN CASE OF HARDWARE FAILURE:
In case of hardware failure we will have KNC repair or replace the machine. Any costs involved will be deducted from payment as costs.

REFUNDS:
Refunds will be available until the order had been placed minus the escrow handling fee. After this point a refund will only be available if KNC does not deliver and we shall then attempt to seek funds returned from KNC to disperse them among the shareholders minus the escrow handling fee. We cannot guarantee this however.

TO PURCHASE SHARES:
 
- Send 1.30 BTC per share to escrow address: 1PCdU2nBrtPMTUbDbL49ChQ6vELnmQ5kwG
- 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 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.

CHECK the below speadsheet for the share list and estimated earnings for various difficulties on the separate tab named Estimated Earnings.
Share Spreadsheet - https://docs.google.com/spreadsheet/ccc?key=0AtKA96zDIqwXdDZDUmYyMHl0ZUlyM0tXUkZ3eWRHWXc#gid=0

HOW TO SIGN:
https://bitcointalk.org/index.php?topic=179769.msg1922342#msg1922342
 
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 35 shares within time I reserve the right to refund all shareholders their purchase price -2% escrow fees for john and transactions of managing the group buy.

Handle	Qty	BTCpaid	Payment Address	Notes
MoguModz	5	6.5	---------------------------------------------
Gness	3	3.9	---------------------------------------------
jongaper	1	1.3	1M29yYFXJsoY4NVsYco1YrU1wnzZiJHvst
JM	4	5.2	1CeuCKfXoky1oaKL3LFCuoDzrRbfQLNXqM
MG	2	0	---------------------------------------------
johncabat	2	2.6	19N3Tnzby3CNXZw4MsvYj9UEiE9XAvYDY5
btcusr	2	2.6	1Ecuqu8ntTFxWF9wXq6Mg6u2e2fX1SfMaQ
arthurdent6	1	1.3	1BzUeDuPWXEhTEvVDNEN5Zm1Xg9YNmy1Ws
*	3	3.9	---------------------------------------------
pgbit	4	5.2	1HQaLTDDwcTQqC2x63ooCzrwtW7q3wLMPk
tineron	1	1.3	18J6tHd6dhPP7bpm734ScrFnt9TMCAZeUf
dozerz	1	1.3	1GaCky1yhrkzDAMoUjdEowrVN42N262zxN
TAH	2	2.6	13YkFbz94bpYXnN46y4Mnv9Q57iSG4o8uU
AC	5	0	---------------------------------------------
rookier	1	0	1GCD3JGDoDp47yS664RZ4eeWf5kbs2FHxg
KyrosKrane	2	2.6	1MMrtG964e2WCxUDMi8mK4szPbpCzfh6pn
TOTAL:	39

[btcusr]

Hi, I'm interested.

1. I pay 1.3 BTC per share
2. Each shares pays back BTC mined @ 5 G#
3. If miners not delivered, 2% fee for escrow and handling (26 mBTC)

Right?

Is it really, 0.7 BTC a week at the current diff. for 52 weeks ?!

Sorry, I'm beginner. This will be my first BTC purchase. Please help me.

[Mogumodz]

Hi, I'm interested.

1. I pay 1.3 BTC per share
2. Each shares pays back BTC mined @ 5 G#
3. If miners not delivered, 2% fee for escrow and handling (26 mBTC)

Right?

Is it really, 0.7 BTC a week at the current diff. for 52 weeks ?!

Sorry, I'm beginner. This will be my first BTC purchase. Please help me.

All three of your questions are correct, If KNC do not deliver the miner we shall request a full refund and give it back to the shareholders minus the 2% johnk charges for escrow regardless of the group buy status.
You get 0.825 a week from the current difficulty of 21335329 with a 5GH from
http://dustcoin.com/mining but as dif rises it shall decrease over time , You don't need to include power in your calculations on your shares as I am paying for electricity and ISP costs myself as I do currently with my mining operation.

[John (John K.)]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

The escrow address for Mogumodz's group buy is:

1PCdU2nBrtPMTUbDbL49ChQ6vELnmQ5kwG

Please state and agree to the conditions (if item is received damaged, item lost with tracking, customs fee etc) beforehand.

If possible, GPG sign your agreement to prevent any discrepancies later on and please ship with tracking to prevent problems during delivery.
GPG signing is not a requirement, and any verbal exchange in the form of private messages or posts on bitcointalk.org, or email is effective as a statement of condition.

Do note that I am only responsible for the funds up to the point it is sent to KNC.
Any losses incurred by KNC's or Mogumodz's failure to ship/reship will not be borne by me, but I will release anything I have on him to aid in litigation purposes.

I confirm the receipt of:

1) Photo of Mogumodz's passport and him.
2) Photo of Mogumodz's passport and an official letter addressed to him
3) Photo of official letterheads addressed to Mogumodz

The fine print:
This Contract is solely generated for the purpose of facilitating the transaction between the seller and the buyer, which refers to the pseudonyms used on bitcointalk.org.
The escrow holder, John, assumes and gives no liability or guarantees on the satisfaction of all parties involved, although he agrees to mediate and facilitate the deal to the fullest extent he is capable of.  On the event that any problems arises, he will release the escrow to whichever party that presents him with the most convincing proof and/or after an open discussion with others or theymos. 
The verbal acceptance by both parties (or the failure to reject) and the sending of Bitcoins to the escrow address above constitutes the acceptance of the terms and conditions stated, and the activation of this Contract.

Please understand that I am assuming the risk of holding the escrowed Bitcoins, and I am using my own time to facilitate this transaction.   
I am imposing a fixed and nonrefundable fee of 2% for this transaction, to be deducted when the funds are moved regardless of the status of the group buy's completion.

Thank you.

John (the escrow holder)
2 July 2013
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Edit: ID verified.

[qukkM]

Any shares remaining?

[Mogumodz]

Any shares remaining?

Still some left. A few of my friends have reserved some and are getting back to me.

If anyone would like to check reserved shares, please check the spreadsheet at the bottom of the first post.
 
If you would like to reserve shares, also let me know.

https://docs.google.com/spreadsheet/ccc?key=0AtKA96zDIqwXdDZDUmYyMHl0ZUlyM0tXUkZ3eWRHWXc#gid=0

[johncabat]

I am in the UK and would like to reserve 1 share @ 1.3 BTC please.

I'm buying some BTC currently so will hold off confirming until I can pay.  This should be in the next 24-48 hours.
Thank you.

[Mogumodz]

I am in the UK and would like to reserve 1 share @ 1.3 BTC please.

I'm buying some BTC currently so will hold off confirming until I can pay.  This should be in the next 24-48 hours.
Thank you.

Thanks John

I will reserve the share In the spreadsheet.

[wedgy2k]

Hi
Definitely interested in a UK GroupBuy 

Do you have an order number / batch number?
What is the expected delivery date please?

Cheers

[arthurdent6]

I would like to reserve one share if possible at 1.3 BTC to be sent to the escrow address tomorrow 3 July at approx. 16:00 GMT
-Dent (arthurdent6)

[Mogumodz]

Hi
Definitely interested in a UK GroupBuy  

Do you have an order number / batch number?
What is the expected delivery date please?

Cheers

# to check order status: 7TW-XHNY-003003

My reply from KNC say an OCT delivery time, they also mention that there aren't batch deliveries as they will be continuous rolled out.

Order number is #3003, but I suspect it is much lower than that because of a few things.

We 7 days from when I placed the order to pay to pre-order or simply place another one.

[Mogumodz]

I would like to reserve one share if possible at 1.3 BTC to be sent to the escrow address tomorrow 3 July at approx. 16:00 GMT
-Dent (arthurdent6)

Thanks, I'll be around then.

[btcusr]

I'd like to reserve one share.
Payment within 24 hrs, of this post.
This will be my first BTC spend.

[Mogumodz]

Payment for one share received today.

Another 3 being sorted later tonight.

[arthurdent6]

Just sent...
Tx ID: ae669327a6bba75d7c6e07700fa06720660be88a9bb9fb1484abee10b45afeb2
https://blockchain.info/tx/ae669327a6bba75d7c6e07700fa06720660be88a9bb9fb1484abee10b45afeb2

Will PM signed message with my address
Thanks!

[Mogumodz]

Just sent...
Tx ID: ae669327a6bba75d7c6e07700fa06720660be88a9bb9fb1484abee10b45afeb2
https://blockchain.info/tx/ae669327a6bba75d7c6e07700fa06720660be88a9bb9fb1484abee10b45afeb2

Will PM signed message with my address
Thanks!

Cheers Arthur.

[btcusr]

@Mogumodz, I was preparing my receiving address;
1Ecuqu8ntTFxWF9wXq6Mg6u2e2fX1SfMaQ

I will be paying 1.3 BTC, from this address.

I will be using bitcoin android app hereafter.
I was using blockchain mywallet.

Please consider the address (1Ecuqu8ntTFxWF9wXq6Mg6u2e2fX1SfMaQ),
from which you receive 1.3 BTC is the address
to which you will be sending my mining shares.

1.3 BTC transfer in less than an hour..

[dozerz]

i will also take 1 share, payment in 8hrs time to escrow address.

[johncabat]

@Mogumodz,  Hi.  I have 1 share reserved already.
May I please increase this to 2 shares.

I have the BTC in my wallet now and am ready to pay.  I just wanted to get your Ok on the extra share before taking a liberty and paying for 2 having only reserved 1.

Could I also ask for a little noob help regarding the sending coin address becoming the receiving address for share payments please?
Using bitcoin-qt client, I can't determine the sending address can I before sending?  Once I have send it, I guess I can lookup the txid in the blockchain.info to see my sending from address.  But how do I subsequently turn that into a receive address with bitcoin-qt?  Or is it all automatic and just works? Sorry to have to ask, thanks!

[btcusr]

My first BTC investment.. Paid.

https://blockchain.info/tx/580613a8bc82d536fa6f64045973f43fca559a2e0297b8d5e320570144b0fa78