[CLOSED] [AUCTION] KnC Mercury USA 1/25 Shares

[arthurdent6]

CANCELLED, ONLY TWO BIDS
Timer removed. End time: 2013-08-05+23:59:59

      

Sorry to those two people that had faith in me and bid, but I'd rather not manage such a small number of shares.  Consistent with the original terms I posted, I am accepting zero out of the two bids I received.  There are a few other Saturn/Jupiter group buys where you can get payouts of 4~5 Gh/s starting in October, I suggest you look there if you're interested.

[1714058508]

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[arthurdent6]

Contacted John K. to ask for identity and address verification via State ID / Passport / Mail.  This is what it looks like others have done to set up trust as group buy organizers.

https://lh5.googleusercontent.com/-0Cl68fDnyWQ/UeA-ziogw8I/AAAAAAAAAa4/S4dUvxHowR8/w957-h444-no/miner_receipt.bmp

I am also willing to use John K. or another trusted third party to verify that I own this order, and it is being shipped to my address.

Anyone else willing to provide the identity verification service for this group buy, please PM me.

[damiano]

when is delivery

[arthurdent6]

Delivery according to the company is October, and their recent update makes it seem like they might get them out sooner:
https://www.kncminer.com/news/news-23

[stex2009]

- Each share entitles the owner to *exactly* 1/25th of the BTC proceeds from a KNC Mercury Miner mining 24/7 for 24 months*

What other fees are we looking at here?

[arthurdent6]

I'm not asking for any fees.  Electricity, cooling, maintenance, monitoring, all of that should be factored into the price that you bid.

[John (John K.)]

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

I confirm the receipt of the documents below. Please note that I am not a professional nor trained in verifying documents given, so I cannot guarantee that they're 100% authentic or came from the original owner.

1. Photo of arthurdent6's Drivers License
2. Photo of a letterhead addressed to arthurdent6
3. Photo of arthurdent6's Firearm Owner's ID
4. Photo of arthurdent6 holding a piece of paper with his username
5. Photo of arthurdent6's paid order for KnC.

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.

Thanks,
John
13 July 2013
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[Mogumodz]

Wish you the best of luck arthurdent6.

[arthurdent6]

Thanks! I was inspired by your success obviously, Mog. If I don't get any takers, I guess I'll have to take delivery of my miner and hope the BTC revenue makes up the initial expense and who knows? Maybe a lot more :-)

[stex2009]

No bids here? I am tempted!

[arthurdent6]

Not yet, stex...
I would like to start the countdown to the auction close when I get the first bid.  Does 2 weeks sound right?
The longer time passes, the more it adds value to know that the order is already in the delivery queue!

[stex2009]

You mentioned:
OFFERING DETAILS
- There are no fees on top of this because I will take the operational expenses out of the shares I keep for myself.


I am confused on the number of shares you are keeping. You are selling 25 shares at 4ghs each, right? or, is it less?

[dandannn]

I'm tempted!!

[stex2009]

Does 2 weeks sound right?

Not sure. I am mainly watching here. I am in the US too, and can invest a couple BTC here and there where I see value.

[damiano]

Tell us how many of those 25 belong to you

[arthurdent6]

Tell us how many of those 25 belong to you

Hey damiano... The shares are each 4% of the miner (1/25, ~4Gh/s) no matter how many I keep.  All 25 belong to me as of right now because the miner is paid and my address is on the order.  But if you want to own a piece, just make me a reasonable offer 

My ideal outcome would be to keep 5 and sell 20 for around 80-100 USD (1.0-1.5 BTC) each.  BTC bids I will have to accept depending on the USD exchange rate since I paid for the miner in USD.  But I might not get interest for 20, I might only get bids for 10.  Or if the bidding goes way up for all 25 shares (wishful thinking maybe  ) I will sell all 25 and use the proceeds to upgrade the miner.

[arthurdent6]

You mentioned:
OFFERING DETAILS
- There are no fees on top of this because I will take the operational expenses out of the shares I keep for myself.


I am confused on the number of shares you are keeping. You are selling 25 shares at 4ghs each, right? or, is it less?

Sorry I missed this question.  Hopefully the comment I left above answers it.  The reason I can't say exactly how many I will keep is because I don't know exactly how many bids I will get.  If I only get a few bids I'll accept them and then I'll just have to keep all of the rest since no one is buying them.  Make sense?

[arthurdent6]

Will you accept USD bids for shares?

I can accept bids and PayPal payments in USD and convert to BTC if that's convenient.

If there's any dispute or reversal I will refund the money and cancel the shares and the payouts.  There will be a deadline on receiving payment so that the payment couldn't be reversed after the BTC payouts were sent.

[aoshea]

I bid 1 share at $80 USD via paypal.

[arthurdent6]

I bid 1 share at --- USD via paypal.

Thank you, aoshea, could you please send a PM and sign with your receiving BTC address?

I will start the countdown!

If you change your mind about staying anonymous / hiding your bid price, you can edit your post