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Topic: 1.55 BTC = 7.1GH/s KnCMiner Jupiter. InfiniteHash.com BETA - Miners HERE! - page 2. (Read 20545 times)

full member
Activity: 217
Merit: 100
How is the venture going so far? What's the status report so to speak?

It's been amazing, all of the group buy owners have made significant profit and our next venture which we are releasing the terms of shortly will make even greater returns for all of our investors in the next round! Stay tuned.

-Adeel
full member
Activity: 217
Merit: 100
The difficulty increase is killing our earnings but this was obviously to be expected. I also believe large mining operations help drive the price of bitcoin up, in the same manner that a company that mines oil expects to make a profit off of the oil they mine, in the future the price of bitcoin will continue increasing and this will be reflected in the pricing in the future.

Yes this was to be expected; in this world a delay of a few weeks can make a huge difference on your earnings. However, if we look at it from the fiat perspective we have already made a decent return.

TheHun,

Yes we have made a decent return already thus far, but the cost of electricity is becoming overly cost prohibitive and as it stands right now, I'm already in the red, which really sucks but I wanted to ensure the miners life for the longest possible time. Sadly, that isnt' happening.

Regards,

Adeel
full member
Activity: 217
Merit: 100
Hey everyone!

Sorry for not distributing the earnings from the machines yesterday. They should be arriving soon so you can celebrate the new year!

Round #5 for 12-16-13 to 12-31-13 came out to BTC.053636

Here is the excel file containing the earnings for round #5: http://www.filedropper.com/round512-16-13upto12-31-13


=======


Some people requested round #4's excel file, here it is: http://www.filedropper.com/round4-12-2-13to12-16-13
legendary
Activity: 1212
Merit: 1037
The difficulty increase is killing our earnings but this was obviously to be expected. I also believe large mining operations help drive the price of bitcoin up, in the same manner that a company that mines oil expects to make a profit off of the oil they mine, in the future the price of bitcoin will continue increasing and this will be reflected in the pricing in the future.

Yes this was to be expected; in this world a delay of a few weeks can make a huge difference on your earnings. However, if we look at it from the fiat perspective we have already made a decent return.
full member
Activity: 217
Merit: 100
The difficulty increase is killing our earnings but this was obviously to be expected. I also believe large mining operations help drive the price of bitcoin up, in the same manner that a company that mines oil expects to make a profit off of the oil they mine, in the future the price of bitcoin will continue increasing and this will be reflected in the pricing in the future.
legendary
Activity: 1212
Merit: 1037
Is there anyone around here?

Oops I just realized the dividends were paid 2 days ago  Grin

Thanks Adeel!
legendary
Activity: 1212
Merit: 1037
Is there anyone around here?
legendary
Activity: 1212
Merit: 1037
So how did our miners do these last 2 weeks?  Wink
legendary
Activity: 1212
Merit: 1037
Added trust to you before you even made this post  Huh

Haha, for some reason it says 0 trust still!  Huh I guess Bitcointalks' Forum Engine doesn't like me.

-Adeel

I think it only shows positive it the trust reviews are from people also in your trust network
full member
Activity: 217
Merit: 100
How is the venture going so far? What's the status report so to speak?

Great, couldn't be better in my estimations! We've had ~100% uptime so far! Smiley Our next venture will be related to this but on a far larger scale hopefully. We'll see how everything goes.

-Adeel
full member
Activity: 217
Merit: 100
Added trust to you before you even made this post  Huh

Haha, for some reason it says 0 trust still!  Huh I guess Bitcointalks' Forum Engine doesn't like me.

-Adeel
full member
Activity: 126
Merit: 100
Do as I say to do--But don't. (Mind Blown)
How is the venture going so far? What's the status report so to speak?
newbie
Activity: 7
Merit: 0
Added trust to you before you even made this post  Huh
full member
Activity: 217
Merit: 100
A little +trust on the page by the members of this group buy would be awesome......the amount of money we spent, we are far below anything conceivable as even... Sad. If you have received your payments a +trust would be appreciated. It would only take about 1-2 minutes of anyones' time here. I'd also like to thank my employees that have been helping on this venture thus far, your work is invaluable and you will be rewarded when it is possible.

-Adeel
newbie
Activity: 26
Merit: 0
got mine, viva bitcoin!
full member
Activity: 217
Merit: 100
Distributions for Round 2 are now complete (11/04/13 - 11/18/13)

The 3 people who did not receive their portion last round had their previous round added to this rounds sum, and it was sent as one transaction. Sorry for not sending it earlier. The previous rounds per share amount was ~BTC0.141

Here is the Excel file with all of the earnings for round 2:

http://www.filedropper.com/round2paymentinfo-110413-111813

For those that are too lazy to open the excel file, the per share amount was ~ BTC0.105 for this round.



The next distribution will be on December 2nd, 2013.




Have a good night everyone!
full member
Activity: 217
Merit: 100
Received. Thanks for excellent work Smiley
Do you think we will make a ROI (in fiat, in BTC most probably not)?
Got the dividends! Glad to see everything going smoothly, keep it up. Cool

To all those that did receive their Bitcoin Dividends, and also, not the 5 GH/s that you were initially promised, but the full 7.1 GH/s that you received. It would be appreciated if you could please add trust to my bitcointalk account as I do believe I am one of the few group buy vendors, who not only came through, I continued increasing the hashrate as well for my customers.

Also. Since Robin, Chris, Raheel, Sarah and the rest of the team did not get paid for any of the efforts, along with the extra untold amount we spent to ensure the equipment would be mining to it's best efficacy for the long haul (2 years).

It would be appreciated if any donations could be sent to this address:

1uXsrMsT55esFgS9VfctP6E56QyRtakMh

Any donations will be divided amongst them, and them alone. I won't be receiving anything for this at all. As you can read earlier in these threads how much man power, and technical skill it took to get the miners performing at the rate they are today, and performing they are. Regards,

Adeel


Reason for edit: Bold the receiving address 1uXsrMsT55esFgS9VfctP6E56QyRtakMh
full member
Activity: 217
Merit: 100
what is this thread all about ?

This thread is all about our beta groupbuy. Since KnC screwed us, and mined with our equipment for 2 months, then also went on to sell thousands more units than the promised us back in Late June, we were given the short end of the stick. But rather than fight a long drawn out legal battle with them, we have our sights set on them, to say the least. InfiniteHash has made two strategic alliances, one with SHA256 based miners and another with Scrypt based miners. Neither of which are on the market in terms of what our capabilities are. Our scrypt based miners leave everything else behind in the dust and took over 12 months of research and development to finally attain the numbers that we wanted for our customers.

For example with our Scrypt (Alt-Coin) Miners - We are able to not only provide a wattage that far surpasses our competition, but along with that without for say, "SAI" who has a motherboard attached to a southbridge as their photography (scam) I can post links if needed. Our ASIC based Scrypt miners have such a low voltage output/wattage output that they can easily be put on a USB (4 chips) and in a board setup (16 chip, 32 chip/per board) etc. Depending on our customers needs.

We are all about customer service, and strive to be the complete antithesis of BFL, Avalon, Terrahash, AsicMiner for a point, and even KnC.

As far as SHA256 based miners go, we are currently working on finalizing a deal that would be beneficial to both companies as it would be a partnership and would allow for a large quantity of ASICs for the masses, at rates that are unbeatable. Also, unlike KnC, when we start taking orders (or pre-orders, haven't decided), I would like you to know that the time between May and October is a nice 6 months. (From the date they started taking preorders, to the date they actually began shipping/hosting their products.

We are doing this so that altcoins, along with Bitcoin can continue to grow, along with this, we are offering numerous services that I can't go into too much detail but lets just say, there's so such thing a hot wallet anymore, along with another 40 services that will be implemented. I can't give more detail than this at this time, sadly.

We are all about customer service, and strive to be the complete antithesis of BFL, Avalon, Terrahash, AsicMiner for a point, and even KnC. We know that this community has allowed us to grow, and will continue to allow us to grow and for this is the reasoning behind our companies philosophies.

Regards to all,

We are all about customer service, and strive to be the complete antithesis of BFL, Avalon, Terrahash, AsicMiner for a point, and even KnC.
full member
Activity: 217
Merit: 100
Do you think we will make a ROI (in fiat, in BTC most probably not)?

In fiat, yes I do. But that is because I have some information that I cannot share with the general public as of yet. But lets just say that... we will all be more than happy with our returns.
full member
Activity: 196
Merit: 100
what is this thread all about ?
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