Huge round of applause to tyrion70 and Blastbob.
Thank you all so much!
Topic: [BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH! - page 43. (Read 74835 times)
Cheers 
Looking good fellas 
You guys are doing a thoroughly professional job with this, Im pretty glad I bought in!
Keep up the good work!
Keep up the good work!
watching
I own 200 shares. Will see what I do with it. If you offer me a nice price, I maybe sell some @bitfunder
How many orders are ahead of ADDICTION in line?
We are still waiting for that confirmation.
The 12 miners are ordered under pre-order period with 50% 9xx and 50% 14xx order numbers. They should be within the 8xx orders they confirmed in the pre-order period.
From newsletter
Quote
We know you have all been waiting for the shipping queue position update and over the next few days we will be adding a comment to your orders which will give you the day that your boxes will be made, tested and shipped.
For example Day 1/Day 2/Day 3. This will indicate how far from the start of shipping your order will dispatched. This update will not apply to new orders and will only apply to the orders which were based on pre-order registration. All other orders will be dispatched in the order of payment.
For example Day 1/Day 2/Day 3. This will indicate how far from the start of shipping your order will dispatched. This update will not apply to new orders and will only apply to the orders which were based on pre-order registration. All other orders will be dispatched in the order of payment.
I can confirm that ADDICTION has allowed me access to their KNCMiner account to verify all their orders.
Good luck guys!
Good luck guys!
congrats to all!
How many orders are ahead of ADDICTION in line?
Nice!
FAQ:
Q: Are you two running ADDICTION, ID verified?
A: Yes. See john k´s post for Tyrion70 and Blastbob
Q: How many MHs will each share represent?
A: With latest update on what each Jupiter miner will deliver. The MHs per share should be around ~40MHs (Not guaranteed)
Q: Where can i see the mined coins?
A: https://blockchain.info/address/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS
Status on ONLINE, 27 of 27 Miners (~14TH):
Miner 101 - KNC Jupiter - ~500GHs - ONLINE
Miner 102 - KNC Jupiter - ~500GHs - ONLINE
Miner 103 - KNC Jupiter - ~500GHs - ONLINE
Miner 104 - KNC Jupiter - ~500GHs - ONLINE
Miner 105 - KNC Jupiter - ~500GHs - ONLINE
Miner 107 - KNC Jupiter - ~500GHs - ONLINE
Miner 108 - KNC Jupiter - ~500GHs - ONLINE
Miner 109 - KNC Jupiter - ~500GHs - ONLINE
Miner 110 - KNC Jupiter - ~500GHs - ONLINE
Miner 111 - KNC Jupiter - ~500GHs - ONLINE
Miner 112 - KNC Jupiter - ~500GHs - ONLINE
Miner 113 - KNC Jupiter - ~500GHs - ONLINE
Miner 114 - KNC Jupiter - ~500GHs - ONLINE
Miner 115 - KNC Jupiter - ~500GHs - ONLINE
Miner 116 - KNC Jupiter - ~500GHs - ONLINE
Miner 117 - KNC Jupiter - ~500GHs - ONLINE
Miner 118 - KNC Jupiter - ~500GHs - ONLINE
Miner 119 - KNC Jupiter - ~500GHs - ONLINE
Miner 120 - KNC Jupiter - ~500GHs - ONLINE
Miner 121 - KNC Jupiter - ~500GHs - ONLINE
Miner 122 - KNC Jupiter - ~500GHs - ONLINE
Miner 123 - KNC Jupiter - ~500GHs - ONLINE
Miner 124 - KNC Jupiter - ~500GHs - ONLINE
Miner 125 - KNC Jupiter - ~500GHs - ONLINE
Miner 126 - KNC Jupiter - ~500GHs - ONLINE
Miner 127 - KNC Jupiter - ~500GHs - ONLINE
Total of ~14000 GHs (~14THs)
Q: Are you two running ADDICTION, ID verified?
A: Yes. See john k´s post for Tyrion70 and Blastbob
Q: How many MHs will each share represent?
A: With latest update on what each Jupiter miner will deliver. The MHs per share should be around ~40MHs (Not guaranteed)
Q: Where can i see the mined coins?
A: https://blockchain.info/address/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS
Status on ONLINE, 27 of 27 Miners (~14TH):
Miner 101 - KNC Jupiter - ~500GHs - ONLINE
Miner 102 - KNC Jupiter - ~500GHs - ONLINE
Miner 103 - KNC Jupiter - ~500GHs - ONLINE
Miner 104 - KNC Jupiter - ~500GHs - ONLINE
Miner 105 - KNC Jupiter - ~500GHs - ONLINE
Miner 107 - KNC Jupiter - ~500GHs - ONLINE
Miner 108 - KNC Jupiter - ~500GHs - ONLINE
Miner 109 - KNC Jupiter - ~500GHs - ONLINE
Miner 110 - KNC Jupiter - ~500GHs - ONLINE
Miner 111 - KNC Jupiter - ~500GHs - ONLINE
Miner 112 - KNC Jupiter - ~500GHs - ONLINE
Miner 113 - KNC Jupiter - ~500GHs - ONLINE
Miner 114 - KNC Jupiter - ~500GHs - ONLINE
Miner 115 - KNC Jupiter - ~500GHs - ONLINE
Miner 116 - KNC Jupiter - ~500GHs - ONLINE
Miner 117 - KNC Jupiter - ~500GHs - ONLINE
Miner 118 - KNC Jupiter - ~500GHs - ONLINE
Miner 119 - KNC Jupiter - ~500GHs - ONLINE
Miner 120 - KNC Jupiter - ~500GHs - ONLINE
Miner 121 - KNC Jupiter - ~500GHs - ONLINE
Miner 122 - KNC Jupiter - ~500GHs - ONLINE
Miner 123 - KNC Jupiter - ~500GHs - ONLINE
Miner 124 - KNC Jupiter - ~500GHs - ONLINE
Miner 125 - KNC Jupiter - ~500GHs - ONLINE
Miner 126 - KNC Jupiter - ~500GHs - ONLINE
Miner 127 - KNC Jupiter - ~500GHs - ONLINE
Total of ~14000 GHs (~14THs)
https://bitfunder.com/asset/ADDICTION
ADDICTION MINING started as an independent group-buy for multiple KNC Jupiter mining rigs.
This asset is being listed for the following purposes:
1. To allow shareholders an easy way to trade their shares, before and after the KNC miners are delivered.
2. To simplify the administration of dividend payments.
3. To facilitate the purchase of additional mining equipment to expand the operation.
4. We have increased original forum share value from 1 to 100 ADDICTION shares. So for each original forum based share, you will be issued 100 ADDICTION shares.
Shares
This asset will begin with 148,800 issued shares. These shares represent the initial total
hashing power of ADDICTION MINING. This initial hashing power is provided by 12 KNC Jupiter
miners, providing a total estimated hashrate of 4,200 GH/s.
Dividends
Dividends are paid bi-weekly and are based on the total proceeds from the total hashrate of
ADDICTED minus the Expenses described below. Each dividend will be accompanied with a
detailed report of total mining rewards received in order to determine 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 were bought with USD
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. Any applicable taxes, duties or other government fees
7. Hosting fees for the miners
8. 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. through a vote.
Hosting
Miners are hosted at a facility of ADDICTION MINING’s choice. Choice of facility will be based on
cost and convenience factors like 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. Issuer may 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 expected to be received between September-October, 2013. If the manufacturer
does not deliver we will do everything in our power to refund your (and our own) investments
as bitcoin dividend. Reimbursement is not guaranteed in this situation and any loss caused by
non-delivery will be shared by all shareholders. ADDICTIVE is not responsible for any losses due
to non-delivery or late delivery.
Expansion
New shares may be issued at any time if ADDICTIVE MINING acquires additional mining
equipment at equal or greater value to current shares.
For example:Total hashing power of 144,800 shares, mining at approximately 4,200 GH/s, or
28.23MH/s per share. If we were to buy a new miner that delivers 200GH/s we can issue 7,084
new shares (200,000 / 28.23 ).
New shares will not be issued until the miner they represent is up-and-running. New shares will
be priced at the current average market price, but never below the actual cost of acquisition
and implementation. Once new shares are issued, any profits (difference between cost-price
and issued shares) will paid out as an incidental dividend to all shareholders.
Expanding with miners that are not directly deliverable (like KNC's) cannot be done without a
vote.
Links
Official Forum Thread (includes original terms and updates):
https://bitcointalksearch.org/topic/groupbuy-jupiter-kncminer-05-btc-shares-12-sold-closed-227400
Contact Info
E-mail: [email protected]
IRC/Chat: #p2poolnl on freenode
ADDICTION MINING started as an independent group-buy for multiple KNC Jupiter mining rigs.
This asset is being listed for the following purposes:
1. To allow shareholders an easy way to trade their shares, before and after the KNC miners are delivered.
2. To simplify the administration of dividend payments.
3. To facilitate the purchase of additional mining equipment to expand the operation.
4. We have increased original forum share value from 1 to 100 ADDICTION shares. So for each original forum based share, you will be issued 100 ADDICTION shares.
Shares
This asset will begin with 148,800 issued shares. These shares represent the initial total
hashing power of ADDICTION MINING. This initial hashing power is provided by 12 KNC Jupiter
miners, providing a total estimated hashrate of 4,200 GH/s.
Dividends
Dividends are paid bi-weekly and are based on the total proceeds from the total hashrate of
ADDICTED minus the Expenses described below. Each dividend will be accompanied with a
detailed report of total mining rewards received in order to determine 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 were bought with USD
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. Any applicable taxes, duties or other government fees
7. Hosting fees for the miners
8. 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. through a vote.
Hosting
Miners are hosted at a facility of ADDICTION MINING’s choice. Choice of facility will be based on
cost and convenience factors like 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. Issuer may 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 expected to be received between September-October, 2013. If the manufacturer
does not deliver we will do everything in our power to refund your (and our own) investments
as bitcoin dividend. Reimbursement is not guaranteed in this situation and any loss caused by
non-delivery will be shared by all shareholders. ADDICTIVE is not responsible for any losses due
to non-delivery or late delivery.
Expansion
New shares may be issued at any time if ADDICTIVE MINING acquires additional mining
equipment at equal or greater value to current shares.
For example:Total hashing power of 144,800 shares, mining at approximately 4,200 GH/s, or
28.23MH/s per share. If we were to buy a new miner that delivers 200GH/s we can issue 7,084
new shares (200,000 / 28.23 ).
New shares will not be issued until the miner they represent is up-and-running. New shares will
be priced at the current average market price, but never below the actual cost of acquisition
and implementation. Once new shares are issued, any profits (difference between cost-price
and issued shares) will paid out as an incidental dividend to all shareholders.
Expanding with miners that are not directly deliverable (like KNC's) cannot be done without a
vote.
Links
Official Forum Thread (includes original terms and updates):
https://bitcointalksearch.org/topic/groupbuy-jupiter-kncminer-05-btc-shares-12-sold-closed-227400
Contact Info
E-mail: [email protected]
IRC/Chat: #p2poolnl on freenode
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