[SOLD OUT] Ninja Group Buy #2 - ANTMiner + KNC $10/GH .35BTC=30GH [0/300]

[ghegheghen]

1(one) share for me .


Payment sent tx:  9a924c71c8f727e168b5a9c144d2d261f0552247c9adeb927b38dcdd48e080e4

please pay to address : 15ju9zMdp4UrEtunpDrmByDt3UQA1BaXuN



Nick: Ghegheghen

[mainman1009]

Hi,

I am 1GkzDe5MifpNBUU3zTqvF183EUaMT3Wdy6. 1 share

Transaction ID: c53748b48b6fe373db4f6cf9438633d9778c96dbac7a6ad43fa909d0bbc94809

Any possibly I can use my share for ppc mining or merged mining?

[MWNinja]

Hi,

I am 1GkzDe5MifpNBUU3zTqvF183EUaMT3Wdy6. 1 share

Transaction ID: c53748b48b6fe373db4f6cf9438633d9778c96dbac7a6ad43fa909d0bbc94809

Any possibly I can use my share for ppc mining or merged mining?

We merge mine on BTC Guild, the Namecoin are being saved for future purchases to benefit members (power supplies, fans, miner upgrades).  If you own 10 shares, after the initial 120 day period (possibly sooner, working on something big here), you could take your Antminer out of our pool, but keep it hosted with us.

[sf2]

 

[sf2]

 

[MWNinja]

Will your cage be ready for this or is it going in a cabinet like #1?

Did you say earlier how much bigger your cage will be?

We're looking at 12-18 cabs.  The third one should go into the cage right away, but if its' not ready we'll use a temp cab and move it too.  We're still negotiating the lease; hopefully we can get them down so I can pass lower prices on to everyone.

[MWNinja]

Sure there will be a 3rd, but it's quite possible they will be out of stock before we can get that order in, the Chinese new year is around the corner.  We have to sell out this group buy first, before we can order the 3rd batch. Hardware for Group Buy #3 has now been ordered.  We're going to make that group buy an exclusive at-cost deal for owners of either Group Buy #1 or Group Buy #2 ~ will not be sold to the pubic as coupons were used to order the gear, and those coupons should benefit current customers.

Wow! That sounds great. What's you best guess on delivery? Possibly before the Chinese New Year Holiday? Want to make sure my wallet is full  

I guessing this will be a one for one deal for 60 S1's or a prorate for less miners? Again trying to gauge my wallet.

Thank you.

It's another 30 Ants plus our last Neptune.  300 shares, you can buy one for every share you currently own; first come first served. And the sale starts now.  Feb 1st worst case install date and we'll almost certainly beat that.

[mainman1009]

If at any time thereafter the weekly earnings of the miners are insufficient to pay the hosting fees, the group buy owners shall make up the difference in USD. Non-payment of hosting fees/deficit will result in forfeiture of ownership rights to the hosted hardware.

When this becomes true can we elect to forfeit our rights to only the ANTMINER S1, but since the Neptune will likely remain profitable for a longer duration of time; can we elect to continue paying the hosting fees for the Neptune only?

If the Neptune is not released or severely delayed for any reason, what course of action will you take? (Partial refund or reinvest into other mining equipment?)

[Christiaan]

Thanks for the opportunity, I am in for two shares:

1CtZphfJkfd4R37xfxo1nKt3ixwAqTaZ7w / a24f694cc79b6b7211b2f40ac2babffb41cb75192dba966fd4bb89e3d1dce7dd:0

[Kapz786]

What happens if shares for this group buy are not all sold by 24/01? Any impact on current shareholders

[MWNinja]

If at any time thereafter the weekly earnings of the miners are insufficient to pay the hosting fees, the group buy owners shall make up the difference in USD. Non-payment of hosting fees/deficit will result in forfeiture of ownership rights to the hosted hardware.

When this becomes true can we elect to forfeit our rights to only the ANTMINER S1, but since the Neptune will likely remain profitable for a longer duration of time; can we elect to continue paying the hosting fees for the Neptune only?

If the Neptune is not released or severely delayed for any reason, what course of action will you take? (Partial refund or reinvest into other mining equipment?)

We'll be underclocking them for the long-term game, and I'm sure the group will vote to liquidate before they become horribly unprofitable.  If you default on your obligations, then you lose your shares ~ sorry no partial default.  If you have 10, then physical delivery is good way to get out and still meet your obligations; and still collect on the Neptune.  A successful strategy involves careful reinvestment to continue to grow with the difficulty ~ there's a crap ton of less efficient hardware out there that will need to be turned off long before ours (Avalon/Avalon2, BFL 65nm, ASICminer, Clam, BTCGarden, etc).

We'll push for a refund if something terrible happens with KNC, but it's a pretty remote chance.  KNC is a company that keeps it's promises, which is why their hardware is in our group buys.  We choose to only deal with honest, ethical companies that do what they say they are going to do.  I've had plenty of bad experiences with other vendors; the product mix is picked from the best of the best.

What happens if shares for this group buy are not all sold by 24/01? Any impact on current shareholders

We'll prorate shares that are bought after 24/01 (official hashing begins) to keep it fair for those that got in before the mine went live.  We've already purchased everything for Group #2, and almost everything now for Group #3 (we need to do some power supply tests today before we order those).

We have to limit now to only 280 shares. We're pulling 2 Ants (20) shares out of each group buy; when these things get "lucky" they pull a little more power and we are over our safe limit on power draw. 26 amps is the max safe limit for the allocated space. We're working on a solution for even more power density, hopefully we will be able to keep at 300 shares/ 30 ants.

[trai_mv]

Hello
I need 1 shares
1APVdWjjaeeQoBhwfazFdQrDxgQLPpDcjn  -  5a0be2c096c740b402f658895dfe112b3e2d56a6c5fd4f4f6840ecfbcae67c44

[MWNinja]

Monday, January 20, 2014   
Departed Facility in LOS ANGELES GATEWAY - USA

Guessing we will start to see some hashing early  . 

[brainstormer]

Purchased 3 shares

a827d86c210222b4019d1849ed93ed367a6d014766a385b2f2504914b0147ea8

[sudoku]

1 share (0.33  BTC) a56d18bb116ac15b3c85fed44be5151e4df370cece43a6500b35f7d473047123

Thank you

[mainman1009]

If you default on your obligations, then you lose your shares ~ sorry no partial default.  If you have 10, then physical delivery is good way to get out and still meet your obligations; and still collect on the Neptune.

Is there any possibly this policy could be amended. I am thinking worst case scenario were the Neptune does not arrive in time and ANTMINER S1 becomes unprofitable. In this situation we would forfeit our mining rights before we get a chance to mine with the Neptune(Resulting in only 18GH per share instead of 30GH) or choose to mine at a lose while waiting for the Neptune to arrive. Also, since we are already paying you separate mining fees for the ANTMINER S1 and Neptune this would not add much of a burden and will not take away from your finances. For me and other miners this would add addition peace of mind and would encourage addition purchasing of shares.

[travlr2010]

I'm in for 1 share.

.35 BTC sent

7e323c391a91d7dc594b48464124337288a48b65e1667ac08c33114a730a6508

[MWNinja]

If you default on your obligations, then you lose your shares ~ sorry no partial default.  If you have 10, then physical delivery is good way to get out and still meet your obligations; and still collect on the Neptune.

Is there any possibly this policy could be amended. I am thinking worst case scenario were the Neptune does not arrive in time and ANTMINER S1 becomes unprofitable. In this situation we would forfeit our mining rights before we get a chance to mine with the Neptune(Resulting in only 18GH per share instead of 30GH) or choose to mine at a lose while waiting for the Neptune to arrive. Also, since we are already paying you separate mining fees for the ANTMINER S1 and Neptune this would not add much of a burden and will not take away from your finances. For me and other miners this would add addition peace of mind and would encourage addition purchasing of shares.

The ANTMINER is a good power efficient design; it's competitive with all the hardware that currently makes up the network.  The unlikely scenarios that you create with online calculators are flawed because you end up painting a picture where NO miner is profitable.  As a group buy owner you are responsible for your share of the space and power.  We can't selectively default on the cabinet that is holding them, so it's an equitable share of the risk.

Group buy #2 is being installed today, we have a bunch of miners in our staging area running right now. The full mine should be operational this evening.
Live Stats

[Flep182]

I've just paid for another share (tx: fd234ba46f827016588d9c6ec30124038c868d9b826bb670def9fa991c8bd631) therefor raising my number of shares to 4.

Happy with the quick installation, looking forward to the first dividend payments

Good work Ninja!

[sf2]