I am starting a group buy for the new Titan from KNC Miner. This is a preorder with expected delivery in the 2/3 Quarter of 2014. All BTC will be fully refunded minus a minor TX fee if there is not enough interest in the group buy. My history of group buys are below:
https://bitcointalk.org/index.php?topic=347845.0https://bitcointalk.org/index.php?topic=228700.0(Yes I know it says charles999 and I'm charles99. That's because of some stupid comment I made in one of the posts and the admin decided to freeze my old account.)
(From KNCMiner's website)The details of the device we can reveal today are as follows: Minimum 250/MH/s of performance. (likely to increase as we get further down the development path)
Uses a Standard ATX power supply (customer supplied ATX).
Based on the existing Jupiter form factor but will have blades containing numerous chips inside.
Shipment begins in Q2/Q3 of 2014.
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 100+ MH/s (
https://www.kncminer.com/).
Why trust me? I've previously had a group buy with the last KNCminers and all members received their fair share as agreed upon in the last groupbuy. Please see the thread:https://bitcointalk.org/index.php?topic=228700.0 and
https://bitcointalk.org/index.php?topic=347845.0I have structured the purchase so that members wanting to get access to the exceptionally cheap hash rate/MH that the Titan offers can secure hash rate from one of the machines without paying the full purchase price. Each share you purchase will get you that percentage of what the Miner generates. All utility and maintenance cost will be paid by me. I will also buy the necessary power supplies for the Titan.
Offering:- 40 shares of BTC .75 each are available.
- Each share is worth approximately 6.2+Mhs of hashing power
- Each share entitles the owner to 1/40 of the BTC proceeds from a KNC Miner Titan mining 24/7 for 20 months*, payment will be made to the address of the shareholders weekly. (* Miner breaking after 12 month warranty, random acts of nature like datacenter burns down etc.,internet downtime, not covered in 24/7 for 20 months(should not be a problem))
- After 20 months we will consider decommissioning the miner if it is no longer profitable to run.
- Also the group as a whole will have ownership of the unit. During our group ownership, if an opportunity presents itself to sell the unit early, we will put it up for a vote. If more than 55% agrees to sell the unit early. We will sell and everyone will get their split according to the shares they own. I personally feel this is the fairest deal and it’s what separates us from other offers.
Provided by Groupbuy Host:- The unit will be properly cooled at a temperature of 67 degrees 24/7. The unit will also be connected to a UPS at all times to ensure there’s no electrical issues.
- Electricity, UPS, Power supply and other material required to host the units.
- All hosting and support services will be handled by me.
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.
To purchase shares:- Send BTC.75 per share to address: 159XCzZiTNuVVb6f4X2iG3fUj3fc6Bdm61- PM me/and post the transaction ID (txid) in this thread. ONLY use sending addresses you fully control. I will use the sending address for BTC payouts for your share ownership and if you request change of payout address I will require that you can sign your share purchase address to make this happen OR I WILL NOT CHANGE THE RECEIVING ADDRESS. This is for your own protection.
If I have forgotten anything or you require more info etc. Please feel free to ask/post in this thread.
