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Author Topic: [Closed] KnCMiner Neptune(s) Shares GB6 .018 = 2.25GH per share - Batch 2  (Read 14635 times)
KnCMiningOp
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November 28, 2013, 12:42:50 AM
 #1

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.)

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

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

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 .014 .018 BTC or $13.6 $18 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 ever been filled against me.

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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bitdigger2013
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November 28, 2013, 01:11:17 AM
 #2

Did they open preorder yet for Neptune? Still shows coming soon on their website.
KnCMiningOp
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November 28, 2013, 01:14:03 AM
 #3

Did they open preorder yet for Neptune? Still shows coming soon on their website.

Yes they did. Per their email:

"The product is now available for purchase in our shop, If you are a registered customer you can order and pay for it today."
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November 28, 2013, 01:15:09 AM
 #4

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.)

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

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

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 ever been filled against.

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.

Great Stats page. This is how EVERY group buy should be run. Good job.

Bitcoin merchandise: http://ow.ly/kvN26

T-Shirts, Coffee Mugs, "Bitcoin Accepted Here" stickers!

BTC tips: 14PkHaJH5GexLG9P7MYxHRNvZeCq2t8DWX
KnCMiningOp
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November 28, 2013, 01:17:43 AM
 #5

Thanks ipxtreme!
KnCMiningOp
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November 28, 2013, 04:07:09 PM
 #6

Due to BTC rising I'm dropping the price and recalculating what everyone has already paid for.

The new price is .014 BTC per share.

If you already paid you will get additional shares. Take the amount you paid and divide by .014

I'll be updating everything shortly.
KnCMiningOp
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November 28, 2013, 04:47:18 PM
 #7

First Neptune Paid for: https://bitpay.com/invoice?id=Db2tfzFk7rfU35qWE3rVTQ and: https://blockchain.info/tx/c9b2dd3ac8bbeb4e523a1b14e6fadb668fe9fdb346fbf487120e825149d7bce9

There are 109 shares left in this first Neptune being nicknamed GB4's Neptune.

As soon as those 109 shares are sold GB5's Neptune will open up.

I had to borrow BTC from Saturdays Dividends to pay for this Neptune.

George
KnCMiningOp
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November 28, 2013, 04:50:53 PM
 #8

GB4 Paid:

Lord Stapy   8
Lighteden   9
ipxtreme     9
Travis S.   11
donnyc   11
kai11           22
bluh5d   25
railzand     28
crankmonkey 34
Dr. Buzz   40
venom.oca   76
madpoet   100
wintermute   199
Mining Op   200
erschiessen   228
 
Shares left: 0

GB5 Paid:

Lacutis   2
thok422   4
arnbrd   4
adam00f     5
grosbill   5
miner17    6
ipxtreme     8
michelDiz   9
012anna   10
Bill Bisco   10
Dr. Buzz   10
bitminer9000 10
westside8    10
Lighteden   11
Renan   14
publicstalker 19
shurkken   20
Bigdaddyaz   20
trilby          40
doctordig   47
kAUha   50
wintermute   50
The Rouge 1 51
railzand   60
11Blade   70
howardb    75
Maria         75
Nate           105
Mining Op   200


Shares left: 0

GB6 Paid:

GB4 Paid:

Lord Stapy   8
Lighteden   9
ipxtreme     9
Travis S.   11
donnyc   11
kai11           22
bluh5d   25
railzand     28
crankmonkey 34
Dr. Buzz   40
venom.oca   76
madpoet   100
wintermute   199
Mining Op   200
erschiessen   228
 
Shares left: 0

GB5 Paid:

Lacutis   2
thok422   4
arnbrd   4
adam00f     5
grosbill   5
miner17    6
ipxtreme     8
michelDiz   9
012anna   10
Bill Bisco   10
Dr. Buzz   10
bitminer9000 10
westside8    10
Lighteden   11
Renan   14
publicstalker 19
shurkken   20
Bigdaddyaz   20
trilby          40
doctordig   47
kAUha   50
wintermute   50
The Rouge 1 51
railzand   60
11Blade   70
howardb    75
Maria         75
Nate           105
Mining Op   200


Shares left: 0

GB6 Paid:

oedo808   9
hellaslubo   23
venom.oca   16
Lighteden   11
Lacutis   20
thisguy   160
tmu   40
Harderfaster   2
publicstalker   11
SteveHome   10
va23boam   23
Zeamar   10
miner17    6
tripppn   25
gamefixer   111
sebasimp   56
N[e]wBie   50
The Rouge 1   20
offbalance   1
addzz   10
CSInvestments   2
Yeos   10
Konnon   10
SosDk   30
billybeartku   25
pkbudz   13
arkitect   10
rd1   8
sconklin321   1
threatgreater   23
crackfoo   1
MrPalmer   2
wintemute   51
Mining Op   200

Shares left: 0

Edit: I'm going to keep editing this list with updates. Updated 1/4 11 PM CST
KnCMiningOp
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November 29, 2013, 03:40:58 PM
 #9

Jupi3 is back from RMA and we are pushing 1.7THs  Cheesy
madpoet
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November 29, 2013, 03:50:12 PM
 #10

It's a beautiful thing!  Will be a nice payout tomorrow Smiley  Plus my DZ GB payout hopefully will make for a happy day.
KnCMiningOp
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November 30, 2013, 01:57:18 AM
 #11

Since a lot of you have been asking about cash payment. I'll take a cashiers check, money order, Western Union, Venmo and personal checks only if you are a current share holder.
KnCMiningOp
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November 30, 2013, 05:31:45 AM
 #12

Looks like KnC is sold out: https://bitcointalk.org/index.php?topic=348054.msg3775837#msg3775837

This leaves us with a few options:

1. We keep collected funds and keep collecting funds and I'll buy as many Neptune's as I can on the next batch.
2. We look for other hard ware buy with funds collected so far and keep collecting.
3. We refund all BTC from GB5 and destroy all inbound money orders and checks.

Thoughts?
KnCMiningOp
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November 30, 2013, 07:41:49 PM
 #13

I vote to keep collecting funds and buy batch 2.
KnCMiningOp
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December 02, 2013, 01:22:36 PM
 #14

KnC has announced Batch 2: https://www.kncminer.com/news/news-72

Those of you that have reserved shares this would be a perfect time to pay. With as fast as batch 1 went. Who knows how fast Batch 2 will go.
KnCMiningOp
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December 03, 2013, 02:47:39 AM
 #15

Since Batch 2 Neptune's are $3K more I have to raise the price per share. All that means is that you will get less shares. The new prices are .018 or $18 per shares.

Those of you who would like a refund please let me know.

George
KnCMiningOp
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December 05, 2013, 05:17:02 AM
 #16

GB5 Neptune has been paid for: https://bitpay.com/invoice?id=AwDW52KgioEVa9SNFzTqs9 & https://blockchain.info/tx/cdb859ef26fbbc26780282bc6fcd251cac64b9f7d2c19c1d6c68d8185016b37d

BTC were borrowed from the the dividend pool.

Only 216 shares left in GB5.
KnCMiningOp
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December 07, 2013, 01:34:18 AM
 #17

GB5 is closed and GB6 is open.
TonyAlmeida
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December 07, 2013, 05:08:11 AM
 #18

How many GHS per share?

Thanks
KnCMiningOp
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December 07, 2013, 05:35:06 PM
 #19

How many GHS per share?

Thanks

2.25 GH per share.
KnCMiningOp
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December 09, 2013, 06:10:20 AM
 #20

642 shares left.
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