Topic: 1.55 BTC = 7.1GH/s KnCMiner Jupiter. InfiniteHash.com BETA - Miners HERE! - page 8. (Read 20564 times)
September 02, 2013, 03:08:06 AM
Yes, we are still at the front of the list for late Sep and Early Oct. Finally, due to the fact that my other infinite hash business that will be up shortly, this is the last week that people may buy shares in this endeavor. If it does not reach the 54 shares needed, then I will simply use the rest of the shares for my other company which will be selling them at a much higher rate. I tried my hardest to make this project as amazing as possible for my customers. Not only have I bought 2 central air units, i also purchased a separate 14,000 BTU PORTABLE unit that also dehumidifies. Along with that I have purchased 2 steel racks to old our systems, so to date I have invested well over $15,000 just so that our systems will be in the BEST possible environment. So if you are interested in purchasing more shares, please contact me as soon as possible as the rates on InfiniteHash.com will be far greater in their purchase amounts.
August 28, 2013, 03:55:15 AM
Yeah it ended up being around 1.55 BTC at the time i paid for them at 130 USD. I took ben's advice and bought the systems early so we'd be in better position to get them, which in my opinion is well worth it. Along with all of the other expenses i have already purchased for our group buys and for my other bitcoin business that will be up shortly. I have been trying my hardest to try to get on the forums often but its difficult because of my injury.
Adeel
Adeel
August 25, 2013, 12:50:22 PM
There might be some shares left, I've asked Adeel to figure that out. There were some outstanding requests that were made while he was in the hospital, but some haven't paid, so he has to get confirmations in order to know exactly what's available without overpromising. The price is not 1.15btc, the price is approximately $7,000 / 54 shares which is about $130 per share, so whatever that equates to for the dollar to BTC exchange rate when the purchase is made using the BitPay exchange rate https://bitpay.com/bitcoin-exchange-rates because that's what KnC uses to process the payment. At this point right now for example ($110/BTC) that would be 1.18 per share.
Do you know when he will do the conversion and refund the differences?
No I don't. But bear in mind that I was using the current BitPay price quote just as an example, but realistically most/all of these units were purchased many weeks ago as noted in his earlier replies, so despite the fact that BTC has risen in the last week or two, the previous exchange rates prior to the last 1-2 weeks unfortunately was lower. I made my two purchases when bitcoin was hovering around the $80 mark and essentially lost 1-2k because of it :/ and that will likely be the same for anyone else who bought at that time.
A current BitPay exchange quote would only really matter for any remaining shares that are currently not paid for, as one bitcoin now is worth more than one from several weeks ago.
August 25, 2013, 05:30:51 AM
There might be some shares left, I've asked Adeel to figure that out. There were some outstanding requests that were made while he was in the hospital, but some haven't paid, so he has to get confirmations in order to know exactly what's available without overpromising. The price is not 1.15btc, the price is approximately $7,000 / 54 shares which is about $130 per share, so whatever that equates to for the dollar to BTC exchange rate when the purchase is made using the BitPay exchange rate https://bitpay.com/bitcoin-exchange-rates because that's what KnC uses to process the payment. At this point right now for example ($110/BTC) that would be 1.18 per share.
August 20, 2013, 05:40:26 AM
Interested to get some shares too. Still available at 1.15 BTC?
August 18, 2013, 05:42:44 AM
Is there any shares left and what would be the price i need to pay for them?
August 14, 2013, 10:42:45 PM
Also, in the future if there is any trouble contacting me, feel free to message mupartee and ask him to call me.
-Adeel
-Adeel
August 14, 2013, 10:37:07 PM
Also, I am going to post some pictures tonight of some of the equipment we already purchased. We have installed 2 central air conditioning units and also purchased a separate portable 12,000 BTU unit so that we can make sure the systems are always run at the optimum temperature. There is also a dehumidifier in the location to ensure that the systems don't have to operate in a wet environment.
August 14, 2013, 10:31:12 PM
Hey guys, I'm sorry for being away for so long! I was worried that all hell would have broken loose by now, but thank god everything is okay over here 
. To everyone who sent payment while I was away, can you please send your payment info, receiving address and transaction ID to me in a private message. Anyway, due to the fact that I am in Oklahoma, the hospital I had my surgery at is actually a Cardiac response hospital and they made me have to live without a cell phone due to people with pacemakers. I have some other news to report, this system will be the last system that we sell shares for in regards to this group buy. We have been selling a large amount of systems locally for a higher markup and have decided that after this system, we will no longer sell anymore on bitcointalk. For this reason, if you are interested in getting in now, please do. These systems will be run for 2 years or until they are no longer profitable and then we will hopefully sell the system and split up the money from the sale as per your share holdings. Also, if you purchase shares over the amount that is available for the last system, you will be refunded. Thank you for your time and considerations,
-Adeel
. To everyone who sent payment while I was away, can you please send your payment info, receiving address and transaction ID to me in a private message. Anyway, due to the fact that I am in Oklahoma, the hospital I had my surgery at is actually a Cardiac response hospital and they made me have to live without a cell phone due to people with pacemakers. I have some other news to report, this system will be the last system that we sell shares for in regards to this group buy. We have been selling a large amount of systems locally for a higher markup and have decided that after this system, we will no longer sell anymore on bitcointalk. For this reason, if you are interested in getting in now, please do. These systems will be run for 2 years or until they are no longer profitable and then we will hopefully sell the system and split up the money from the sale as per your share holdings. Also, if you purchase shares over the amount that is available for the last system, you will be refunded. Thank you for your time and considerations,-Adeel
August 12, 2013, 08:15:42 AM
Guys, the first batch of units that Adeel put in orders for were 5 weeks ago or more, including the two that I purchased. I asked KnC about them and they're in the group that will be shipping at the end of Sept. or early October which is nearly the best you can ask for because everything depends on KnC delivering as planned. I'm also in talks with Adeel and he has a medical issue right now which is why he isn't able to be responding on here recently. This isn't a bust, just be patient. The option remains the same. If you want a share of a KnC Jupiter unit, this is one of the few last organized group buys that can still give you that chance. Everybody keeps speculating about ROI, but no one knows what will happen regarding that. As everyone says including the core developers for bitcoin, don't invest more than you are willing to lose. If you think this is a bust, it's not. If you think this is a risky investment, that's a decision you must make for yourself and stop whining about it. It is what it is.
Whatever the case, if BTC is $300 six months from now, good luck turning back time to purchase a few shares...
Whatever the case, if BTC is $300 six months from now, good luck turning back time to purchase a few shares...
August 11, 2013, 10:02:17 AM
You must have busted brains if you think you can make even ROI on the KNC machines now, they will ship in October at the earliest if you order today, assuming they are on schedule for delivery, which is a BIG assumption and will likely ship later like all these other pre-order group buys. By October/November, difficulty will have climbed to over 100 Million. You will be lucky to get your money back.
August 10, 2013, 08:43:12 PM
I'm starting to think this is a bust.
August 10, 2013, 01:34:48 PM
Any updates or is this a bust?
August 04, 2013, 08:22:49 PM
Payment made by Paypal for 3 shares.
Transaction ID: 11N47467NE0571904
Pay to this address: 1JoZV2mkUAdAF8wTrYVpnftMuUQCjetXn4
Transaction ID: 11N47467NE0571904
Pay to this address: 1JoZV2mkUAdAF8wTrYVpnftMuUQCjetXn4
August 04, 2013, 03:50:34 AM
Thanks for helping me out soapmodem, I partially tore my ACL so I've been MIA for 3 days, my humble apologies, however he is correct, since bitpay takes money based on current USD prices, the price of 130 USD matters most for us and matters at the date when we purchase the actual system from kncminer.com. If you have any questions, feel free to shoot me an email at [email protected]. Thanks guys,
-Adeel
-Adeel
August 01, 2013, 11:11:18 PM
As Adeel stated previously, since Knc bases the price of the miner on USD, the price is $130 per share ... which at current BTC mtgox price of $102, would come out to 130/102 = 1.27 BTC. 
August 01, 2013, 12:33:20 PM
me too
August 01, 2013, 09:51:45 AM
1.55 btc is a little too high considering today's bitcoin price which is around $100. I'd consider buying a share here but not at the current price.
July 30, 2013, 06:42:39 PM
So, what's the price per share now? Is it 1.15BTC or 1.55BTC or 
?
? 
July 30, 2013, 05:02:51 PM
Hi,
Correct me if I'm wrong but if I were to purchase some shares now it'll go for machine # 7 that hasn't been purchased yet?
Say that it gets funded within 10 days, what is the estimated delivery date?
Correct me if I'm wrong but if I were to purchase some shares now it'll go for machine # 7 that hasn't been purchased yet?
Say that it gets funded within 10 days, what is the estimated delivery date?
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