KnCMiningOp shares

[furuknap]

BFMines - Competitively Priced Mining Contracts - Traded at BTCT: http://bfmines.com/ - https://btct.co/security/BFMINES
Yes, and we can all se why people would trust you and your lies ))))

You know, it is much easier if you point out the lies, like I do with your statements, rather than pointing out that mining investments made 9 months ago haven't yielded positive ROI, which is kinda not in dispute.

Look, why not just be honest and post this:

"Peeps, I got burned buying mining GBs and need money. Could someone please give me 2BTC? KTHXBYE."

Effectively, that's what you're asking.

.b

[jonsi]

Why not just be honest and accept you can't get the shares for almost free. Stop wasting my time. Don't post in this action anymore.

[KnCMiningOp]

I'm selling 111 KnCMiningOp shares.

https://bitcointalk.org/index.php?topic=243092.0
https://bitcointalk.org/index.php?topic=249820.0
https://bitcointalk.org/index.php?topic=252584.0

1 share=0.55Gh
Please note that the operation holds 600 shares for reinvesting in mining hardware, so right now this is the best price on the market (non diluting shares)
I only sell as a hole lot.
Starting bid: 0.025/share.
Reserve price 0.036/share.
Buy it now: 0.041 share.

I reserve the right not to sell under reserve price.
Action will end after 48 hours from posting time.

I can confirm jonsi has 111 shares for sale.

[KnCMiningOp]

Note that on the group buy threads that the shares were sold at 0.1 btc eatch. The price included the 600 shares mining for reinvestment.

Right now, that doesn't look very good:

http://mining.thegenesisblock.com/a/badca74a9f

At current values, a share yields 0.0287, and even that is ignoring the expected 8 PH/s that should hit the network by February.

If you include the expected ~600 difficulty in a few hours, a share yields 0.0245:

http://mining.thegenesisblock.com/a/a402d3e97d

The increase is slightly lower right now than the calculator is listing due to a drop in network hashrate about a week ago, but 0.036 is at least 50% over possible revenue.

I'd offer you 0.018 per share, but I see someone already beat me to it. If that offer is withdrawn due to payout shortly, though, that would be my offer.

.b

A quick note on your calculations. The 5% you have setup is incorrect. As I took my fee in the form of shares not on % of the profit. So each share hashes at around 500Mhs currently to be 550Mhs when Jupi 3 is RMA'ed which finally got approved and will be sent out early next week.

In short the fee is already calculated into each share and there is no need to take it out when calculating profit on calculators.

[furuknap]

If you include the expected ~600 difficulty in a few hours, a share yields 0.0245:

http://mining.thegenesisblock.com/a/a402d3e97d

A quick note on your calculations. The 5% you have setup is incorrect. As I took my fee in the form of shares not on % of the profit. So each share hashes at around 500Mhs currently to be 550Mhs when Jupi 3 is RMA'ed which finally got approved and will be sent out early next week.

In short the fee is already calculated into each share and there is no need to take it out when calculating profit on calculators.

You're right, that brings the total value up to 0.0257 after tomorrow. Taking the loss due to GB3 failure into account, and let's assume fixing that takes one week, we're at 0.0232, assuming no further issues ever.

Now that I'm thinking about it, I'll sell my 250 shares for 0.033/share to anyone wishing to buy.

.b

[jonsi]

Update - reinvestment fond until date: 9.268 BTC

[jonsi]

update - fourth Jupiter comming soon, so after the RMA the hashing power for 1 share: 0.733Gh. The reinvestment fund: 440Gh.

[TheJuice]

111@0.019

[jonsi]

Please note that on cex.io right now, after the rise in dificulty it sels 1Gh=0.08197995btc and no reinvestment shares so i consider any bid below minimum bid highly unfair.

[KnCMiningOp]

I'll personally buy back shares @ $10 each or BTC based on Coinbase price. See here: https://bitcointalk.org/index.php?topic=336900.new#new

[TheJuice]

I'll personally buy back shares @ $10 each or BTC based on Coinbase price. See here: https://bitcointalk.org/index.php?topic=336900.new#new

111@0.021

(that is higher than Kncs $10 each)

[jonsi]

Shares sold. Action closed!
Thank you everyone.

[venom.oca]

i buy, but paypal.....

ALL shares, the price?