Coinsortium [SNQ.CoinI] [SNQ.CoinII] Jupiter Pool 8.4 TH/s

[soniq]

Proud to present Coinsortium to be publicly traded at https://bitfunder.com under ticker SNQ.CoinI for original group buy with 15 KNC Jupiters, verified first day delivery.


SNQ.CoinII is a 2nd group buy of 6 KNC Jupiters, that is verified 2nd Day delivery.

Terms and conditions are listed in OP here https://bitcointalk.org/index.php?topic=226319.msg2382582#msg2382582

2nd GB here https://bitcointalk.org/index.php?topic=242878.msg2577450#msg2577450

and at Bitfunder  
- https://bitfunder.com/asset/SNQ.CoinI
- https://bitfunder.com/asset/SNQ.CoinII

[Kushedout]

Looking good my man, looking good.

[Plazma]

Just wanna add that soniq is acting very professional and I'm happy with this group buy so far.
There is also a skype group that i'm sure new shareholders can join, so the communication is on high level with quick answer to all questions.

[joele]

Compare to other similar assets the price per Mh/s is too high now.

[Plazma]

Compare to other similar assets the price per Mh/s is too high now.

Yea but they have guarantied first day delivery. KNC said they will be plugged in as soon as they roll out of the production line.

[damiano]

Compare to other similar assets the price per Mh/s is too high now.

Yeah it's super high.

I just crunhed some numbers against a few other Group buys I'm in and it's highway robbery :/

[lubah]

Hmmm..  If a single block erupter, for example, is selling like hot cakes for 1 btc how are these shares which are equivalent to 133mh/s @ < 0.07 btc expensive?     If we did an apples to apples pricing, they should go for 0.30 btc at least, no?

[joele]

Hmmm..  If a single block erupter, for example, is selling like hot cakes for 1 btc how are these shares which are equivalent to 133mh/s @ < 0.07 btc expensive?     If we did an apples to apples pricing, they should go for 0.30 btc at least, no?

Because other users have little knowledge about it, the difficulty is rising 20% average
If you start mining on Sept or Oct the best price that you can return your investment per MH/s is less 0.00032

You can estimate your future mining profit here http://btc.re/?t=miningcalc

[Plazma]

0.132 per share. and that if the dificulty keeps razing with high %, witch might/will slow down unless bitcoins price skyrockets. ( KNC already anonced that they will not ship any new orders for 4-6~ months)

http://bitclockers.com/calc/mining_difficulty/61335329/difficulty_change/30/btc_per_block/25/value_per_btc/100/mhash_rate/130/cost_per_kwh/0.0/watts_consumption/0/total_days/90/hardware_cost/0

And you get KNC hosting with 24/7 KNC support to get extra overclocking and fix any problems that might occur. You just sleep and gather dividends and sell your shares at some point. People from the group buy can decide to sell some of the Jupiters at some point witch will also get payed as dividents.

[joele]

Kncminer now has 576 GHs and shipping today

https://www.youtube.com/watch?v=JFOcI8nK2xI

[MilkyLep]

Some awesome KNC videos yesterday and exciting news. Can't wait to see what this week brings in regards to setting up the hosting facility.

[sparky999]

shouldn't these units be mining for almost a week now?? thought it was day one delivery?? no updates wtf???

[joele]

shouldn't these units be mining for almost a week now?? thought it was day one delivery?? no updates wtf???

+1

[soniq]

shouldn't these units be mining for almost a week now?? thought it was day one delivery?? no updates wtf???

+1

KnC has been very busy this last week, updates on their progress has been posted on their site.

Because of delays at the data center, Jupiters are expected to start mining today.

Cheers

[MilkyLep]

Have they contacted you with pool/mining account info yet?

[RHA]

KnC has offered a compensation: 4 BTC per Jupiter because of late hosting.
https://www.kncminer.com/news/news-46

[MilkyLep]

Just received access to KNC mining portal, less than 20 minutes ago ,  17 Jupiters are now mining.

Have received a 5 BTC  payment for  17 Jupiters

Will update more as information become available

 
Awesome.   

So what happens now that BF is closing to US citizens. Will there be partial payments if I don't own full shares from BF? Meaning I've got 325 shares rather than multiples of 100.

Has KNC said anything about the 4btc x 17 Jupiter refund from the delay in hosting?

[deizel]

Jupiters Delivered, Dividend Payment, Bitfunder

Received 17 Jupiters from our our order of 26 Jupiters today.

-KNC has paid a 5 BTC payment for each of the 17 first day delivery Jupiters for delays with their data center

-They are hashing in KNC facility and first dividend payment will be issued shortly after all outstanding issues are resolved (hosting loan)

-clarifying Bitfunder news release, will update members of Coinsortium of the impact

-will be offering US Coinsortium members an option to convert to direct shares

[joele]

Jupiters Delivered, Dividend Payment, Bitfunder

Received 17 Jupiters from our our order of 26 Jupiters today.

-KNC has paid a 5 BTC payment for each of the 17 first day delivery Jupiters for delays with their data center

-They are hashing in KNC facility and first dividend payment will be issued shortly after all outstanding issues are resolved (hosting loan)

-clarifying Bitfunder news release, will update members of Coinsortium of the impact

-will be offering US Coinsortium members an option to convert to direct shares

Great News

[sparky999]

are all dividends now being paid direct to the bitcoin address' we had listed on our bitfunder accounts? or should they still be going to our actual bitfunder accounts?