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Topic: [BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 26. (Read 74835 times)

full member
Activity: 170
Merit: 100
So, why is WeExchange blocking US connection attempts? 
full member
Activity: 170
Merit: 100
So how do I know if I'm verified through BitFunder, and why isn't the WeExchange website working.  It doesn't allow me to log in.  It just refresh's the page.

WeExchange is working for me here. You need to get verified in WeExchange, click the status "Unverified" to submit your scanned IDs.

I'm trying to make sure I'm verified, but I can't log in.  It just refresh's the page when I try to login.  Any Advice?
full member
Activity: 290
Merit: 100
what is the minimum value BTC to withdraw at  WeExchange ?
legendary
Activity: 1022
Merit: 1000
So how do I know if I'm verified through BitFunder, and why isn't the WeExchange website working.  It doesn't allow me to log in.  It just refresh's the page.

WeExchange is working for me here. You need to get verified in WeExchange, click the status "Unverified" to submit your scanned IDs.
full member
Activity: 133
Merit: 100
how much is it per direct share now if i want to buy some? also, can i still convert my existing bitfunder shares into direct shares?
full member
Activity: 170
Merit: 100

why isn't the WeExchange website working.  It doesn't allow me to log in.  It just refresh's the page.


Thats a bug with weexchange , keep on trying & it will let u in.

I've been trying for the last half hour.  Over 100 attempts to login with no success. 
hero member
Activity: 560
Merit: 500

why isn't the WeExchange website working.  It doesn't allow me to log in.  It just refresh's the page.


Thats a bug with weexchange , keep on trying & it will let u in.
full member
Activity: 170
Merit: 100
The Bitfunder instructions are not clear.  Well, not clear for me. 

Important Notice (October 8th, 2013):

Please be advised that BitFunder is implementing the following rules and procedures:

    As of October 8th, 2013, BitFunder will not accept new registrations from any United States persons or entities. All new registrants must supply the information required to obtain "Verified" status on their linked WeExchange account. BitFunder may, in its sole direction, decline to accept any new registrations.

    As of October 8th, 2013, all current BitFunder users who are located in the United States or are determined to be United States persons or entities will not be able to enter into any new positions on the Bitfunder website, and, as of November 1, 2013, such users will also not be allowed to sell positions on the BitFunder website.

    All current BitFunder users who are not United States persons or entities must supply the information required to obtain "Verified" status on their linked WeExchange account before November 1, 2013. Any such users who fail to provide the necessary information will not be able to enter into or sell positions on the BitFunder website as of November 1, 2013.

    Users will be able to withdraw holdings and Bitcoins from their BitFunder accounts before and after November 1, 2013.

    All assets and issuers must demonstrate that they meet BitFunder's requirements for the listing of assets, or the assets and issuers will, at BitFunder's sole discretion, be denied access to, or removed from, the site. Issuers will be notified of any additional information needed to demonstrate compliance with BitFunder's requirements.


BitFunder appreciates your understanding in these matters as we move forward.

Sincerely,
BitFunder

Supplemental Notice (October 11, 2013)

    As of October 8, 2013, BitFunder is not assessing any new fees against any user BitFunder knows to be a U.S. person and whose account will be restricted in accordance with BitFunder's October 8, 2013 notice.

    Users who are U.S. persons or users who fail for any reason to provide the information necessary to obtain "Verified" status are encouraged to transfer their shares from the BitFunder site to the respective issuer(s) no later than December 1, 2013.

    As of December 2, 2013, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by any users that BitFunder knows to be U.S. persons or who did not obtain "Verified" status by December 1, 2013, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.

    On December 2, 2013, all bitcoin balances in the accounts of users that BitFunder knows to be U.S. persons and users that did not obtain "Verified" status by December 1 will be transferred to their linked WeExchange accounts.


So how do I know if I'm verified through BitFunder, and why isn't the WeExchange website working.  It doesn't allow me to log in.  It just refresh's the page.
member
Activity: 90
Merit: 10
I'm an American and have shares in the group buy #1.

If I read the posting correctly if I just wait all of my group buy 1 shares on BitFunder will revert to direct shares at the end of November?

 Seems like easiest thing to do instead of creating yet another account.

Is that correct?
legendary
Activity: 934
Merit: 1000
Update about the miners condition? everything is going ok?
So far no complaints on our side. As you can see on Eligius the miners are running stable. We've updated three miners to 0.97 a few days ago because they ran <500GH. One miner has now been ~520 for a few days, the other two are still below 500. A new firmware is expected tomorrow (https://www.kncminer.com/news/news-59). We'll be testing that on a few miners first before upgrading all of them.

A word on pools then, we've tested p2pool and btcguild in the first ~week after receiving the miners. Both did not give any hopeful results (we use both as backup pools atm). We plan to point a few miners at other pools to see if there is any notable difference. So far it seems that Eligius is by far the best pool around (no fees, tx fees distributed to miners and some nice lucky streaks as well). Eligius is also one of the few pools that offers nice public stats which we find very important transparency wise.
hero member
Activity: 574
Merit: 500
Allright dividend time!

Total mined btc this week: 182.3538877. The last difficulty raise caused us to mine only 30 btc in two days as opposed to ~27-28 per day the days before that.

As said last week we'll deduct the remaining one-time costs this week and next week. This week we'll deduct ~2/3rd of the remaining 72.50701867. Thats 47.50701867 btc (leaving 25btc for next week).

Hosting cost for last week are 10.16129032 btc. We pay hosting costs each week up-front so this amount will change each week as btc/eur price changes.

That leaves for dividends: 124.6855787.

Since all shares have been destributed we will not use the old GB shares anymore but only the bitfunder ones (in numbers). In bitfunder terms there are 27*12400 = 334800 shares.

Currently there are 69572 direct shares and 265228 shares on bitfunder.

Dividend per share = 0.00037241 btc.

Dividends will be payed in the coming few minutes.

Cheers

EDIT: latest list of direct shares, now complete with GB2 and GB3 direct shares: http://pastebin.com/7aEjmQqd

Received, thanks ya! Smiley
KSV
sr. member
Activity: 398
Merit: 250
SVERIGES VIRTUELLA VALUTAVÄXLING
received -- thanks guys!
full member
Activity: 163
Merit: 100
Update about the miners condition? everything is going ok?
hero member
Activity: 686
Merit: 500
I'm looking to sell my remaining 2500 shares for the US buyer, ready to transfer specifically on the 11th November, due to the fact that I've an order pending for payment soon and I'm in need to convert those to fiats

For the transaction, we can have Tyrion70/Blastbob as a middleman if that's ok Smiley
How much are you selling them for?
I've pm'd you
sr. member
Activity: 330
Merit: 250
I'm looking to sell my remaining 2500 shares for the US buyer, ready to transfer specifically on the 11th November, due to the fact that I've an order pending for payment soon and I'm in need to convert those to fiats

For the transaction, we can have Tyrion70/Blastbob as a middleman if that's ok Smiley
How much are you selling them for?
hero member
Activity: 686
Merit: 500
I'm looking to sell my remaining 2500 shares (that's 100ghash in total [40mhash * 2500])  for the US buyer, ready to transfer specifically on the 11th November, due to the fact that I've an order pending for payment soon and I'm in need to convert those to fiats. For those who are interested, you may PM me directly to talk about the price

Pricewise should be lower than CEX are offering Wink

For the transaction, we can have Tyrion70/Blastbob as a middleman if that's ok Smiley
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Allright dividend time!

Total mined btc this week: 182.3538877. The last difficulty raise caused us to mine only 30 btc in two days as opposed to ~27-28 per day the days before that.

As said last week we'll deduct the remaining one-time costs this week and next week. This week we'll deduct ~2/3rd of the remaining 72.50701867. Thats 47.50701867 btc (leaving 25btc for next week).

Hosting cost for last week are 10.16129032 btc. We pay hosting costs each week up-front so this amount will change each week as btc/eur price changes.

That leaves for dividends: 124.6855787.

Since all shares have been destributed we will not use the old GB shares anymore but only the bitfunder ones (in numbers). In bitfunder terms there are 27*12400 = 334800 shares.

Currently there are 69572 direct shares and 265228 shares on bitfunder.

Dividend per share = 0.00037241 btc.

Dividends will be payed in the coming few minutes.

Cheers
  my dividend  has been paid I had 25  shares  from group buy 2 which would be  1250 bitfunder shares I got  1250 x .00037241 = .4655125 btc not too shabby.

 I am now a happy camper.  Thank you.
legendary
Activity: 934
Merit: 1000
Allright dividend time!

Total mined btc this week: 182.3538877. The last difficulty raise caused us to mine only 30 btc in two days as opposed to ~27-28 per day the days before that.

As said last week we'll deduct the remaining one-time costs this week and next week. This week we'll deduct ~2/3rd of the remaining 72.50701867. Thats 47.50701867 btc (leaving 25btc for next week).

Hosting cost for last week are 10.16129032 btc. We pay hosting costs each week up-front so this amount will change each week as btc/eur price changes.

That leaves for dividends: 124.6855787.

Since all shares have been destributed we will not use the old GB shares anymore but only the bitfunder ones (in numbers). In bitfunder terms there are 27*12400 = 334800 shares.

Currently there are 69572 direct shares and 265228 shares on bitfunder.

Dividend per share = 0.00037241 btc.

Dividends will be payed in the coming few minutes.

Cheers

EDIT: latest list of direct shares, now complete with GB2 and GB3 direct shares: http://pastebin.com/7aEjmQqd
member
Activity: 115
Merit: 10
Just to clarify, if I take no action, will the dividends continue to be paid into my bitfunder account?
all i know is that if your weexchange is not verified, you may not be able to access bitfunder again due to the assumptions that you are a US citizen

but if you're verified and non-us, dont see any problem there Smiley

I am non-US and I have submitted docs to get verified. One of my other former BitFunder investments are now paying dividends direct to my wallet.
legendary
Activity: 1022
Merit: 1000
I submitted one of my scanned id  Oct 12 and still pending.
It takes more than one to get verified.
Yap, two already verified couple of days ago, but this last one still in progress.
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