all finished

[AMORRA]

@amorra, Titan hosting is ~$10/Day/Titan (~$500/week for all units)  - we have 7 Titans total as previously shown.  I'm not sure where 8, 9, 10 and bonus Titans are coming from?.. Maybe you have me mixed up with someone else or another GB possibly. As far as I know, the only "bonus" miners that KnCMiner ever offered were for Neptunes customers who didn't switch to cloud mining or something to of that nature.

As for the amount of payments, like previously brought up, I do not control the price of BTC/LTC/USD, nor the difficulty or the misfortune of problematic miners. KnCMiner did deliver them weeks late (among almost doubling the required Power Supplies needed) but we did get them up and running as soon as we could and worked around the clock to keep them that way.

We take the total amount of coins mined for the week (~230 +/-), subtract fees, convert to BTC then send to payout queue and payouts are automatically sent out within a day.

With that being said, that is exactly what I will be doing tomorrow evening to get us back on track for a consistent Tuesday payout.

Also, everyone, I know we all see the terrible price crash that is happening, it's not easy on any of us. A lot of factors are working against us but there is nothing we can do other than keep on chugging along. I will run these Titans into the ground until they are no longer paying for themselves.

To try to keep the spirits up here, I'm thinking of doing a weekly draw jackpot to double a users payout, selected at random. It's not much but it's something. I'll give an update tomorrow after I do the weekly payouts. Everyone enjoy their Sunday.

I know we have 7 Titans.Sorry for my questions but I confused.I do not have bad intentions.
I think you ordered and paid more than 7 Titans.Are Titan8 and Titan9 really Batch 2?
https://docs.google.com/spreadsheet/ccc?key=0Aro5kZOF0sPGdEpaRGdyZC1WWFpsTnVpcUdhUDk3aFE&usp=drive_web#gid=1
Where 1 MH/s (e.g Titan 10) shares come from?
Do you have your own share?
If you dont have your own Titans (or share) why do you do this job?

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[pangky]

@waldohoover : thank you for second payout 

how about 3rd payout? already payout 

[pist0la]

@waldohoover : thank you for second payout 

how about 3rd payout? already payout 

I am not showing a 3rd payout yet.

[LittleD]

@waldohoover : thank you for second payout 

how about 3rd payout? already payout 

I am not showing a 3rd payout yet.

he is waiting for the price to go back up them he will pay us out... ive been in two other GB with Woldo and none of them have been good ... ive invested around 9btc with waldo and all I've receive  is small amounts ... something will come up and he will end up closing the this Group  buy... this is my "prediction"!

[Josepht]

Double Payout Jackpot winner was 19aAMTtiYY542PK71cdAPVxS73RcBYiASM , congrats!  

Do you pay the 'Jackpot' out of your own pocket, or do other shareholders need to pay for this? If we all have to pay, I'd rather not have a jackpot.

[LittleD]

Looks like 3rd payouts triggered last night/this morning sometime.

For the record I sent them on Monday like I said I would- fees and prices are all done on that day. As far as when the auto-payout sends, again, that is at an arbitrary time usually a day after it is sent to the queue (sometimes up to 2 days). Again, understand when you actually receive your payouts that the admin work was done does ahead. Also, remember we shorted down a day and the price was near bottom on Monday. Next weeks payouts will be higher than this weeks (as long as price stays where we are at or goes up, + we'll have an extra days worth of mining added).

Double Payout Jackpot winner was 19aAMTtiYY542PK71cdAPVxS73RcBYiASM , congrats!  

@LittleD - I really do not appreciate you trying to spread FUD (again) or your "predictions" as if I'm here to screw people over. We've been doing this for over a year now. If you honestly had a problem with me or my group buys you wouldn't now be on your 3rd GB with me, would you? Also, people, I do not control the price or difficulty (how many times do I have to say this?) so when you say "I only receive small amounts from Waldo" what does that even have to do with me directly? I'm trying to make the best out of our situation here. If you have a problem with the LTC difficulty, please speculate in LitecoinMarkets, if you have a problems with our Titans complain about it on KnCMiner Thread or the KnCMiner Forums here like everyone else. If you have a problem with me directly, message me or email me but please stop with the FUD.

Well...  please explain WHY every one received a larger amount of BTC/double payout and I only received 0.00173025 BTC ($00.50 cents LOL) ....

Thank you Master Wadol, thank you for the big double payout .... thank you Master, Thank you

 : d73837792777eceb4d215791a6373b79d76109f2de04387ccf18e7f4a3a964e7
address: 1LLjwtewSyexvYNW6825oq57GhPmPY4gpt

[pist0la]

Hey Waldo, where are the Titans mining? Which pool?

[LittleD]

Also, you say you're a slave to me, right? So what does that say about you when you sent me BTC for one of my GBs a year ago? If you weren't happy with that first GB then why did you pay and join my 2nd GB? If you were so upset and mad at me for both the first and second GB then why on earth did you again for the third time join this Titan GB? This seriously has me     Will we all see you in your 4th GB just to complain all over again?

LittleD is just angry that he isn't becoming magically rich from this group buy. I think (almost) all of us realize you can't influence price/rates/difficulty and we should just all be happy that you're doing your best to run these beasts and keep them working.
Payouts are working fine, I for one appreciate the jackpot a lot! Hope i win it sometime! ^_^

Ha! your tooo toooo funny ... I gave up on GBs ... no im making my BTC some other way im not angry ... I just want Waldo to be honest and I will not beat around the bush;) ... For all I know Woldo is giving himself the "JACKpot" price to HIMSELF

Questions Waldo:
where are the Titans mining? Which pool?

[Arnold.C]

Hi @waldohoover,

I owe one share on Titan #2 (refer to page 4 of this forum), but haven't registered my payout address yet. Could you add my BTC payout address 1Mg3EHmBQrCAgHjzkDLsPM6kFwpeV5EtRc       ?

Thanks,
Arnold

[Kanalj]

Ha! your tooo toooo funny ... I gave up on GBs ... no im making my BTC some other way im not angry ... I just want Waldo to be honest and I will not beat around the bush;) ... For all I know Woldo is giving himself the "JACKpot" price to HIMSELF

Then give up on this thread, no one wants you and your bullshit here.
Go make your BTC some other way.
Don't come back.

[LittleD]

@Arnold Got you added

And now to address the ugly coin price elephant in the room.

So for the last 8 days of mining we accumulated just over 330 LTC @ ~$1.55 a coin that's about $510/week, which is literally the break-even to host the miners. We are currently borderline running at a loss.

In realistic numbers we're mining about ~$450 a week in LTC/BTC at the currently price and difficulty which is.

I've ran numbers with clevermining and even was looking at West/Nicehash but they all give us ~0.27 BTC/Day ($60) and that is running in the red.

Looking at the numbers (difficulty for btc/ltc and prices) obviously, we are not the only people hurting with this crash .

BitPay lays off 9 employees (maybe not directly related):
https://bitcointalk.org/index.php?topic=921084.0

Cex.io takes miners offline:
http://cryptomining-blog.com/tag/cex-io-stops-cloud-mining/

Kurt (only support from KnCMiner) leaves KnCMiner:
http://forum.kncminer.com/member/1310-kurt/activities
https://se.linkedin.com/in/kurt667
https://bitcointalk.org/index.php?topic=170332.msg10075360#msg10075360

I still have not received any replies from KnC regarding a possible bad cube but with the link above I can see why. I'm emailing support again now.

With that being said I'm going to use our weeks earnings to cover our costs before any other crashes happen before I do so.

So for now, I'm sad to say that we will have to pause our Titans and power them off while we get through this bottom crash. 

We need to earn above $500 a week for the Titans to to remain on and unfortunately under these conditions they are not succeeding in this. I will be closely watching the prices over the next few days and will revisit our options come Monday. I'm sorry to be the bearer of bad news but this is the current situation we're in. I'm not going anywhere so please do not worry about that. Again, I know this is probably the last thing you wanted to read on this thread today but figured I'd bring the news in early to read.

As always please feel free to shoot me an email if you need an immediate response. Let's hope the grass is greener next week.

WH

Woldo does this in every GB... This was never part of the contract... But hey im the bad guy for speaking out...
Waldo just sell the Titanss!!

[LittleD]

Waldo is the only one making profit out of us... this is BS ...

[dman99]

Waldo is the only one making profit out of us... this is BS ...

We all were aware of the risks of this group buy.    Back when we first bought our part in this, who thought that we would see $240 BTC and $1.60 LTC?

Waldo stated he was mining at cex.io.  It was easy to verify this by following the payouts we received.  The coins were only 1 hop away from newly minted coins to a known cex.io address.

According to the math I've done, Waldo is paying somewhere around 23 cents per Kw/h.  It's unfortunate the Titans aren't being hosted elsewhere, as that is more than 5x what I pay for power.

The upside is that LTC difficulty continues to drop.  Maybe one day we'll be able to power up the miners again.  Any payout is better than none!

[AMORRA]

he is waiting for the price to go back up them he will pay us out... ive been in two other GB with Woldo and none of them have been good ... ive invested around 9btc with waldo and all I've receive  is small amounts ... something will come up and he will end up closing the this Group  buy... this is my "prediction"!

I wish we had sent all titans back when they arrived.We were afraid of Refund Process, KNC preorder rules, Sweden laws.All investments and revenue predictions are f.cked by KNC.Sorry for my words.This groupshare was just a old gambling for me which I never forget..Thanks Waldo..

[Subw]

According to the math I've done, Waldo is paying somewhere around 23 cents per Kw/h.

what's the official price Waldo?
can we host them somewhere cheaper?

[deeneendo]

really bad news. Might be an idea to wait for BTC/LTC to recover a bit and look to sell them on ebay, craigslist or the like?

Obviously, mining is not going to make us much coin, selling is probably the better option.

[pist0la]

I do believe the BTC price will recover in the mid-long term, but right now I would be in the "let's sell the Titans on eBay" camp. I can re-invest the resulting $$ elsewhere with a better return.

[kearneykid]

I also believe the BTC price will rise again, with SR online again. I would like to sell the Titans also but we could be waiting quite a long time before someone offers us more then $500 for it.

[pist0la]

I also believe the BTC price will rise again, with SR online again. I would like to sell the Titans also but we could be waiting quite a long time before someone offers us more then $500 for it.

IIRC, was at least one up there with 20+ bids at $1,175.

[Subw]

Sell it