KnCMiner Jupiter Shares GB4 .1/per share = .4Gh/s

[KnCMiningOp]

About:

After our first, second & third successful group buys: https://bitcointalk.org/index.php?topic=243092.0;all & https://bitcointalk.org/index.php?topic=249820.0;all & https://bitcointalk.org/index.php?topic=252584.0;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 4 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=2

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.

[1714864452]

1714864452

[KnCMiningOp]

I'm reserving an additional 50 shares for myself.

700 shares left.

[madpoet]

Reserve 40 shares

[KnCMiningOp]

Reserve 40 shares

Reserved.

660 shares left.

[KnCMiningOp]

wariner reserved 20 shares.

640 shares left.

[KnCMiningOp]

wariner reserved 20 shares.

640 shares left.

Reservation canceled.

660 shares left.

[KnCMiningOp]

Ed G. reserved 20 shares.

640 shares left.

[KnCMiningOp]

KnC posted a status update today: https://www.kncminer.com/news/news-23

[aoshea]

I'll take 1 more share (big spender).

I'm in your 3rd GB as well, has that unit been ordered?

Also, do you have any plans on what exactly you will do with any profit gained from the 200 shares that go to reinvestment? Will this go back to KnC, or other companies?

[KnCMiningOp]

I'll take 1 more share (big spender).

I'm in your 3rd GB as well, has that unit been ordered?

Also, do you have any plans on what exactly you will do with any profit gained from the 200 shares that go to reinvestment? Will this go back to KnC, or other companies?

I'm liquidating stuff now. Plan to order it tomorrow.

Unfortunately no more shares are available in GB3 and GB4 is closed at the moment.

The profit gained from the 200 shares per GB is going to be used to buy additional mining hardware.