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Author Topic: [KnCMiningOp] KnCMiner Neptune(s) Shares GB .016 per share  (Read 1921 times)
KnCMiningOp
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November 27, 2013, 03:10:48 AM
 #1

Xpost please post here: https://bitcointalk.org/index.php?topic=348054

About:

KnCMiningOp is currently mining with 3 Jupiter's around 1.5TH/s and 47 members. We have a KnC Neptune on pre-order that was paid for with the re-investment fund this morning. There has been a ton of interest from existing group buy members and non members to buy additional shares in the group buy. As a result I have decided to open up additional shares with out diluting current shares in the below format.

You can check out our stats page here: http://54.243.221.120/ (Note on Jupiter 3's hash rate: 3/4 chip have been RMA'ed and are estimated to be back up and hashing by tomorrow Nov/27th.)

Investment info:

1000 shares total per Neptune:

750 shares public.
50 shares to myself for management.
200 shares being issued to the mining operation. These dividends are deposited into the re-investment fund and used to buy additional hardware.

For each 750 shares that are sold will represent a Neptune. So for example if there is enough interest that 1500 shares sell. 2 Neptune's will be bought, if 2250 shares sell 3 Neptune's and etc. Any remainder of shares will be refunded.

Dividends:

Get paid weekly on Saturdays.

Please note that these additional group buy shares will not start receiving a dividend until your unit is up and mining.

Reinvestment Fund Details:

I will use the way the pre-ordered Neptune will play into the existing shares/math:

Back in June-August I was able to get around 50 people to invest with me into 3 Jupiter's for a total of 1.5TH. There were 3000 shares sold back then so each share currently is worth around 500 MH/s when the Neptune that was paid for this morning will come online each share will be 1500 MH/s with out adding any shares. When the 2nd Neptune is added each share would be 1875 MH/s with adding 1000 shares. As each additional device is rolled into the existing pool the per share MH/s should increase. When another device is added with the reinvestment fund monies the MH/s per share will increase.

Costs:

One-Time Neptune: $10,200
Shelf & misc: $100
2 - 3 PSU: $400-600
Electric circuits installation: $500-$2,500

Weekly:
Miner estimated power usage: ~$60

Monthly:
Rent: $0
Internet: $0
Management Fee: $0

Future Plans:

Save profits and buy additional units.

Payment & Escrow:

Please setup your own escrow, I recommend blockchain.info or 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 .016 BTC or $13.6 USD.


FAQ:

Are the shares transferable?
Yes they are.

Can I pay with USD?
Yes I'll accept certain methods of payment via fiat. Please PM me to work out the details.

Can I pay with Paypal?
No, my Paypal account got shutdown for bitcoin activities that Paypal deemed too high risk. Even though not a single charge back has been filled against me since June 2013.

Can I pay via Havelock, CryptoStock or Coinbase BTC transfer?
Yes you may. Please PM me for details.

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 drops in price by the time the miner(s) is paid for?
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?
Yes it has been ordered and depending on when the order is paid for depends on when it will ship.

Any other questions please PM me.
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November 27, 2013, 06:25:01 AM
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Whereabouts are you physically located? Do you have any details of your mining operation you can share? (thread perhaps)


Vanderi
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November 27, 2013, 11:15:38 AM
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Oh my. Blatant cross-posting. How am I gonna find auctions if they get flooded by enthusiastic group buy coordinators now?
KnCMiningOp
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November 27, 2013, 01:00:06 PM
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Whereabouts are you physically located? Do you have any details of your mining operation you can share? (thread perhaps)



I'm around Chicago, IL.

Sure here you go:

GB1: https://bitcointalk.org/index.php?topic=243092.0;all
GB2: https://bitcointalk.org/index.php?topic=249820.0;all
GB3: https://bitcointalk.org/index.php?topic=252584.0;all

GB Stats: http://54.243.221.120/
Finances: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c&usp=drive_web#gid=7

Shares buying/selling thread: https://bitcointalk.org/index.php?topic=336900
KnCMiningOp
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November 27, 2013, 01:00:53 PM
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Oh my. Blatant cross-posting. How am I gonna find auctions if they get flooded by enthusiastic group buy coordinators now?

I did it last time and the mods didn't seem to care.

Lol @ "enthusiastic group buy coordinators"
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