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December 06, 2013, 07:01:51 AM
Last edit: December 07, 2013, 09:24:32 PM by mcmike313 |
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Offering a 1 of 15 share option produced by the recently developed KnCMiner Neptune 3THS. All mining is fully hosted and each shares lifetime is 24 months, (2 years).
The 2 years share will commence on the first day of mining, this is obviously dependant on when the Neptune is delivered to the host.
KNCMiner have stated on their website that delivery is to be approx. Q1/Q2 of 2014.
(Work in US$ for initial share cost, then convert to current BTC price for payment which is to be made and confirmed within 6hr window, see next line)
Due to highly volatile BTC value, price will be updated every 6hr on OP to keep in line with rising/falling BTC price.
Payment is only accepted in BTC. This is so that payment can be made to KNC via BITPay
Once payment is made by shareholders and confirmed via BTC, this will determine the share percentage that the buyer will own. Once payment is made the percentage is then fixed and any rises / falls in BTC will not affect the shareholding percentage.
Price will be determined by the number of shares /percentage paid for and confirmed against the total price of US$13,300 which includes postage to host location.
Shareholders will be confirmed upon confirmed payment for the share and not before. See confirmed list below.
There will be no reservations in lieu of payment as these shareholder places are expected to be filled very quickly.
All final shareholders will be notified via email of their purchase details including an initial payment receipt from KNCMiner. All shareholders will also be provided with the share fund wallet address which will be freely available on the blockchain.info website so that all shareholders can see full transparency of what the Neptune is producing.
All 15 shareholders will share in all dividends that the miner produces, minus the small percentage, which will be set at 0.1% which the host will retain to maintain the mining operation of the equipment. This percentage will remain constant throughout the 24 months of the hosting and will not alter for any reason, regardless of any fluctuation in the value of BTC.
(Per share) DIVIDENDS will be PAID Every Monday by 06:00PM AEDT(Australian Eastern Daylight Time). All shareholders are to provide a valid BTC address so that payment can be transferred into that account. If for any reason the payment is unable to be transferred, then an email will be sent well in advance to advise of any delay.
If the equipment fails and is required to be returned to KNCMiner for RMA repair or replacement, or for any other downtime experienced, then the time remaining for the 2 year hosting will be suspended from the time that the failure occurred until the unit is repaired or replaced and the host is able to resume mining operations again. This way, no shareholder will lose any downtime.
The hosting cost, which as stated is going to be set at 0.1%, is the only deduction taken from all mining dividends produced and distributed to shareholders.
At this stage, the mining pool which the Neptune will be mining on is unknown, but will more than likely be one of the bigger pools.
The host will be the ultimate decider upon which pool the Neptune will be mining on, although it must be stressed that the host has in no way any affiliation with any current pool in any way.
**PM me for bitcoin address to send it to currently we require 18BTC(1.2BTC each) to fulfil the order and cover installation and powering**
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