UK Group Buy Postponed @ 2.2 BTC each For Titan 100MH/s Purchase [POSTPONED]
2.2 BTC = Min 25MH Share (1/10th)All
shares are 2.2 BTC each to allow for market changes. This group buy needs 0 remaining shares at 2.2 BTC each to be sold to purchase a preorder for 1 Titan 250MH/s Miner. If these 9 25MH shares at 2.2 BTC each are purchased, every share will payout 1/10th of the expected hashrate in BTC of the 250MH/s miner. 250 divided by 10 equals a theoretical hashrate of
25 MH/s per share! Previous Group Buys : https://bitcointalk.org/index.php?topic=247544.0 https://bitcointalk.org/index.php?topic=347721.0KNC say a Minimum 250/MH/s of performance and they reserve the right to increase the performance at any time, Shipment begins in Q2/Q3 of 2014.
Any extra hashrate provided by KNC Titan will be accounted for in your shares upon delivery.
This group buy is intended to let forum members take part in the opportunity to purchase cheap hash-rate through the recently launched KNC Miner Titan(
https://www.kncminer.com/products/titan) company located in Stockholm, Sweden. The unit that the shares relate to is the KNC Titan advertised for ~+250 MH/s (
https://www.kncminer.com/).
Each share you purchase will get you that percentage of what the Miner generates. All utility and maintenance cost will be paid by me.
OFFERING DETAILS: -
9 shares of 2.2 BTC each are available for ~25MH
- Each share entitles the owner to
1/10th of the BTC proceeds from a KNC Titan Miner mining 24/7 for 24 months or when mining becomes unprofitable*-
Payments will be made to the address of the shareholders weekly.
- 1 share will be owned by OP as payment for hosting/power/maintenance of the miner.
- After 24 months or when the miner becomes unprofitable it will be considered 'spent' and become the property of OP.
(
*Miner breaking after 12 month warranty, random acts of nature like house burns down etc, internet downtime, not covered in 24/7 for 24 months)
IN CASE OF NON DELIVERY: I take no responsibility for the possibility that KNC Miner does not deliver the miner. I have done what I consider a thorough due diligence but as we all know, you can never 100% guarantee anything when it comes to pre-orders.
IN CASE OF HARDWARE FAILURE:In case of hardware failure we will have KNC repair or replace the machine. Any costs involved will be deducted from payment as costs.
REFUNDS:Refunds will be available until the order had been placed. After this point a refund will only be available if KNC does not deliver and we shall then attempt to seek funds returned from KNC to disperse them among the shareholders minus the escrow handling fee. We cannot guarantee this however.
TO PURCHASE SHARES:-
Send 2.2 BTC per 25MH share to address: 1G4JCpyyc8wVZBpeKdfN6GEs1DPVfSGnF6
- PM me/and post the transaction ID (txid) in this thread. ONLY use a sending addresses you fully control and can sign messages with. I will use the sending address for your share ownership proof and if you request a change of payout address I will require that you can sign a message with your share purchase address to make this happen
OR I WILL NOT CHANGE THE RECEIVING ADDRESS. This is for your own protection.
HOW TO SIGN:https://bitcointalk.org/index.php?topic=179769.msg1922342#msg1922342If I have forgotten anything or you require more info etc. Please feel free to ask/post in this thread.
CHECK the below spreadsheet for the share list
Share Spreadsheet -
https://docs.google.com/spreadsheet/ccc?key=0AtKA96zDIqwXdFhrbE9ZLV80OEp6TjdaRVlsTXRLMmc&usp=sharingR = RESERVED
P = PAID
| Handle | Qty | Status | Payment Address | Notes |
| MoguModz | 1 | R | --------------------------------------------- | |
| werwohl | 1 | P | --------------------------------------------- | |
| MJ | 1 | P | --------------------------------------------- | |
| Dadio202 | 1 | R | --------------------------------------------- | |
| arachnid13 | 2 | R | --------------------------------------------- | |
| dyland | 1 | R | --------------------------------------------- | |
| TOTAL: | 7 | | | |
