KnCMiner Jupiter Shares GB2

[KnCMiningOp]

About:

After our first successful group buy: https://bitcointalk.org/index.php?topic=243092.0;all

We have decided to do another group buy for another KnCMiner Jupiter 400Gh/s

You can see the financials of the mining op here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1


Investment info:

1000 shares total:

750 shares public.

50 shares myself for management. 

200 shares being issued to the mining operation for re-investment.


Dividends:

Payed weekly on Saturdays.

Please note that these group buy 2 shares will not start receiving a dividend until this unit is up and mining.


Costs:

One-Time:
KnCMiner Jupiter $7,131
PSU: ~$250
AC Unit: $100
Shelf & misc: $50

Weekly:
Miner estimated power usage: ~$15
Standalone AC unit: ~$15

Monthly:
Rent: $0
Internet: $0
Management Fee: $0


Future Plans:

Short term investments on BTCT.
Create PT shares on BTCT.
Save profits and buy additional units.


Payment & Escrow:

John K escrow.

Or the mining op address is: 1vsNpyK548ew789iKTXprsK2SKYvMyiXD

If BTC doesn't climb to a high enough price to where with all the BTC collected we can't make a payment. You will have the option of a refund less any fees or we will ask for a little bit more money per share to cover the difference.

When you send your payment please pm me the txid, your dividend address and your email address.

Price per share is .1 BTC

[1714673255]

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[1714673255]

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[1714673255]

1714673255

[KnCMiningOp]

I have reserved and paid for an additional 50 shares.

Also jonsi reserved 20.

680 shares left.

[John (John K.)]

Escrow contract as promised.

Thanks,
John

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

The escrow address for wintermute420's KnCMiner group buy is:

17GFgHZPyzJbaCfr8Z1hYviZaAxbq5edBj

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 KnCMiner.
Any losses incurred by KnCMiner's or wintermute420's failure to ship/reship will not be borne by me, but I will release the following data to aid in litigation actions.


1) Photo of wintermute420 and his Driving Licence
2) Photo of wintermute420's Driving Licence
3) Photo of an official letter addressed to wintermute420

I promise the safe destruction of the data after the successful completion of the group buy. The data received may be divulged for litigation purposes if needed on the event that the group buy does not complete successfully.

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 completion status of the group buy.

Thank you.

John (the escrow holder)
24 June 2013
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[KnCMiningOp]

Escrow contract as promised.

Thanks,
John

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

The escrow address for wintermute420's KnCMiner group buy is:

17GFgHZPyzJbaCfr8Z1hYviZaAxbq5edBj

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 KnCMiner.
Any losses incurred by KnCMiner's or wintermute420's failure to ship/reship will not be borne by me, but I will release the following data to aid in litigation actions.


1) Photo of wintermute420 and his Driving Licence
2) Photo of wintermute420's Driving Licence
3) Photo of an official letter addressed to wintermute420

I promise the safe destruction of the data after the successful completion of the group buy. The data received may be divulged for litigation purposes if needed on the event that the group buy does not complete successfully.

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 completion status of the group buy.

Thank you.

John (the escrow holder)
24 June 2013
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Thanks John.

[KnCMiningOp]

50 reserved by damiano

630 shares left.

[vokain]

How do you handle share transfers? What is your timeframe, as in, will you run indefinitely?

[vokain]

How do you handle share transfers? What is your timeframe, as in, will you run indefinitely? Also, how long will delivery take?

[Wintermute420]

How do you handle share transfers? What is your timeframe, as in, will you run indefinitely? Also, how long will delivery take?

Share transfer are via PM only and should take around 24 hours and many in much less time. I reserve the right to ask for a small refundable amount from your dividend address to confirm.

This will run for as long as it is profitable.

KnCMiner is claiming shipping will begin in September for the orders already payed. Depending on when this order is payed it might be a later than the first group buy.

[KnCMiningOp]

How do you handle share transfers? What is your timeframe, as in, will you run indefinitely? Also, how long will delivery take?

Share transfer are via PM only and should take around 24 hours and many in much less time. I reserve the right to ask for a small refundable amount from your dividend address to confirm.

This will run for as long as it is profitable.

KnCMiner is claiming shipping will begin in September for the orders already payed. Depending on when this order is payed it might be a later than the first group buy.

I keep forgetting I'm logged in as that account sometimes and make posts... blah.

[vokain]

so you will stop if bitcoin price drops below breakeven point, or keep going?

[KnCMiningOp]

so you will stop if bitcoin price drops below breakeven point, or keep going?

That would be up for discussion. If I believe that it will rise again than I would be all for continuing especially if the decline in price would also bring about a decline in difficulty.

[tronsom]

Very interested.
For 100 shares how much can I expect to get in dividends per week if the miner is delivered in october/november?
Thx

[e4xit]

I would also be interested to know the answer to tronsom's question...roughly, of course

[Rannasha]

According to the OP it's a 400 GHash/s miner divided by 1000 shares. So a single share represents 400 Mhash/s of mining power.

How much that translates to in terms of BTC/day at the time the machine is delivered is a very difficult question, as noone can really predict the development of the mining difficulty and how tightly KNC follows its advertised shipping timeframes.

[KnCMiningOp]

According to the OP it's a 400 GHash/s miner divided by 1000 shares. So a single share represents 400 Mhash/s of mining power.

How much that translates to in terms of BTC/day at the time the machine is delivered is a very difficult question, as noone can really predict the development of the mining difficulty and how tightly KNC follows its advertised shipping timeframes.

Yes that is true. I made a table of the estimates of dividends based on the difficulty here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1

[KnCMiningOp]

julz paid for 100 shares.

VinCeCream reserved 10 shares.

[KnCMiningOp]

520 shares left.

[damiano]

Just picked up another 100 total 

[KnCMiningOp]

Just picked up another 100 total 

Payment confirmed.

470 shares left.

[madpoet]

Waiting on some BC to be shipped over to me, I plan to purchase 30 shares if they are left.