[CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s

[KnCMiningOp]

Please post here: https://bitcointalk.org/index.php?topic=252584

About:

After our first & second successful group buys: https://bitcointalk.org/index.php?topic=243092.0;all & https://bitcointalk.org/index.php?topic=249820.0;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 3 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

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

Price per share is .1 BTC


FAQ:

Are the shares transferable?
Yes they are.

Can I pay with Paypal?
Yes @ $10/share. Please PM me for details.

Can I pay via BTCT?
Yes you may. Please PM me for details.

What are the short term re-investments?
See the Shares table here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1

What are the dividend expectations per share?
See the Dividend Yield Estimates sheet here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1

What happens if BTC doesn't go over $100 USD?
I will ask everyone to send in a little extra BTC per share. If you paid with cash you won't need to pay anything more.
You will also have the option for a refund if you don't want to send any more, less any fees.

Has this unit been ordered yet and/or when will this ship?
No it hasn't been ordered and depending on when the order is placed depends on when it will ship.

Any other questions please PM me.

[KnCMiningOp]

526 shares left.

[KnCMiningOp]

Some people didn't pay in GB2 and someone asked for a refund in GB3, while some were moved up from GB3 to GB2.

As a result there are still 485 shares left in GB3.

[KnCMiningOp]

Advantages of this group buy vs some of the others:

This will not become my property after X amount of months.
This will run until it is no longer profitable OR we decide to keep mining and pay for the electric/AC.
More affordable at .1 per share with no minimums.
20% of the profits are re-invested into additional mining hardware or other mining assets.

470 shares left.

[KnCMiningOp]

435 shares left.

[John (John K.)]

PS: Reposting as requested.

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]

Thanks John.

395 shares left.

[KnCMiningOp]

390 shares left.

[KnCMiningOp]

288 shares left.

[KnCMiningOp]

368 shares left.

[KnCMiningOp]

318 shares left.

[KnCMiningOp]

284 shares left.

[KnCMiningOp]

417 shares left.

[carlotech]

can i still avail 8 shares?

[KnCMiningOp]

can i still avail 8 shares?

Yes 8 shares are available.

Actually there are 332 shares left.

[carlotech]

sent.

[KnCMiningOp]

sent.

Payment confirmed.

311 shares left.

[KnCMiningOp]

301 shares left.

[KnCMiningOp]

295 shares left.

[Its About Sharing]

PM Sent