[SHARES] KnCMiner Titan (Q3 2014) | 10 MH\s = 1.2 BTC | 1 Month Break Even

[jayc89]

KnCMiner Titan (Q3 2014) #1




Questions?

How are the hosting fees covered?
Each share is sold at slightly more than the equivalent hash rate costs to purchase. This allows me to purchase additional miners which are used to cover hosting costs (including, but not limited to power and cooling).

So what do you get out of it?
After all costs are accounted for, at the end of every month, any coins remaining from these additional miners become my income for managing the hardware.

That means I receive 100% of the mined coins
Absolutely. If you own 10% of the miner's shares, and it mines 15BTC a month, you would receive 1.5BTC that month!

Can I trust you?
That is for you to decide. The more successful the share sales are, the more profitable it becomes for me too - I have no reason to be anything but honest with you. I am currently in the process of lodging my personal details with a trusted escrow  from this site for your peace of mind (Maidak) and will confirm more ASAP.

Please don't hesitate to contact me


Terms

Shares
1. Share prices are calculated on the current USD exchange rate
2. Exchange rates, and subsequently share prices, are updated every hour, on the hour.
3. Shares purchased for groups which are not fulfilled within an 8 week period will be refunded.

Dividends
Dividends are paid daily on balances more than 0.001 and are based on the total proceeds from the total hashrate of the share's associated group minus any applicable expenses described below. Each dividend will be accompanied with a detailed report of total mining rewards received in order to confirm the hashing equivalent of each share.

Expenses
The following expenses will be deducted before any dividend consideration:

1. The USD/BTC market difference at the time of purchase due to the fact that shares were purchased in BTC and miners are sold at current USD rates
2. Power supplies needed for the miners
3. Incidental repairs and replacement costs
4. Any applicable taxes, duties or other government fees
5. Any unforeseen expenses to maintain efficient operation not exceeding 1BTC per month
Note: Any Expenses not mentioned above exceeding 0.5 BTC cannot be made without consulting the shareholders, by means of vote.

Hosting
Miners are hosted at a facility of my choice. Chosen facilities will be based on cost and convenience factors such as network facilities, power facilities, air conditioning, location, on-site support, etc.

Equipment Liquidation
Mining will continue until each miner is determined by the issuer as no longer profitable. At this time, the equipment will be sold and any income from equipment sales will be distributed as a dividend. I reserve the right to instigate a vote among shareholders to sell one or more miners at any time if it is deemed to be in the shareholders best interests.

Delivery
Miners are purchased as each groups share's allocation is fulfilled. Lead time's on miners will vary in line with the manufacturer's guidelines. If the manufacturer does not deliver I will do everything in my power to refund your (and my own) investments. Reimbursement is not guaranteed in this situation and I am not responsible for any losses due to non-delivery or late delivery.

Miscellaneous
Shareholders are permitted to sell their shares to any 3rd-party of their choice. Any change in ownership incurs a one-time fee of 0.1. All requests should come via a signed message for the original purchasing address.
Any remaining group balance accumulated through over charging on share sales will be refunded to the shareholders on a pro-rata basis during the first dividend payment.
Any negative balance generated through the under charging of group shares (fluctuation in the exchange rate etc) for any group miner will be deducted from the first dividend payment on a pro-rata basis.

[Acidyo]

Proof of your order?

[jayc89]

Proof of your order?

Delivery
Miners are purchased as each groups share's allocation is fulfilled. Lead time's on miners will vary in line with the manufacturer's guidelines. If the manufacturer does not deliver I will do everything in my power to refund your (and my own) investments. Reimbursement is not guaranteed in this situation and I am not responsible for any losses due to non-delivery or late delivery.

[jayc89]

Based on current difficulties, break even is expected in approx 22 days;

Code:

1x (1 MH\s) Share = ~0.12
DOGE Mining = ~ 0.00552881 BTC / day / share

0.12 / 0.00552881 = 22 days!

Give or take difficulty changes - break even should be reachable within 1 month of mining.

[kweejee]

Based on current difficulties, break even is expected in approx 22 days;

Code:

1x (1 MH\s) Share = ~0.12
DOGE Mining = ~ 0.00552881 BTC / day / share

0.12 / 0.00552881 = 22 days!

Give or take difficulty changes - break even should be reachable within 1 month of mining.

Difficulty is going to explode exponentially the day scrypt asics come online. I don't think that's a fair statement.

[jayc89]

OP updated slightly - 20 Shares now available; 10 MH\s at approx 1.2BTC. I believe this to be one of the cheapest hash rates available.

Based on current difficulties, break even is expected in approx 22 days;

Code:

1x (1 MH\s) Share = ~0.12
DOGE Mining = ~ 0.00552881 BTC / day / share

0.12 / 0.00552881 = 22 days!

Give or take difficulty changes - break even should be reachable within 1 month of mining.

Difficulty is going to explode exponentially the day scrypt asics come online. I don't think that's a fair statement.

The quoted calculations took into account organic growth, of course no current estimates can take into account any massive hikes which may occur in the future.