Topic: [CLOSED] KnCMiner Jupiter Shares GB3 .1/per share = .4Gh/s (Read 3330 times)

Yes! All three Jupiters are up and hashing. I just sent out a dividend. Also you can keep an eye on things here: http://54.243.221.120/

He's been sending emails all 3 are online and there have been distributions made.

any updates on this?

I'm curious when the cut-off date was for October deliveries. I emailed KNC with that question.
Anyone know, that might tell us where we stand?

If you look at the KNC Miner thread, you can see approximate order numbers shipping now and those about to ship.
https://bitcointalk.org/index.php?topic=170332.13820

Any news on shipping yet?

Majority of shares have been sold and paid for. 1 person is waiting on Coinbase and because he is already a partial shareholder I'll extend him the time required for Coinbase to finalize the transfer.

All 3 Jupiters have been order so for all practical purposes we can say this GB is closed!

Receipt:

Unit has been ordered. Order# 4999

Those of you with open reservations please contact me and let me know if you are still interested otherwise your shares will be up for grabs in the morning CST.

Payment confirmed.

bananton reserved 43 shares.

Agreed.

43 shares left.

Agreed, I don't think we should penalize a person for canceling 1 time. But if someone has a history of it, then that should be integrated into a trust system. As, they basically stopped others from getting in and perhaps even are partly responsible for killing an auction. That then puts people like me (and the others in this auction) looking for another auction and then being further down the list. It also stops people from going into more than one auction and just seeing which one reaches the end first and canceling the other.

I understand where you are coming from and do think that some people should be on a list like that, but not everyone doesn't pay out of malicious reasons. Peoples finances change and things come up. I would be more for something along the lines of expanding the current trust system to incorporate promises/deliveries.

Thanks for the update. I'm flat broke so can't pick up any more shares. Hope you find a way, but if not, still appreciate all the work you did.
We need a more transparent system so people who reserve shares like that and then don't pay don't do the same with other auctions. Yes - A handle list somewhere. No judgment, just sharing.

IAS

Had some people not make payment. So 48 shares still left. I might make a quick loan to the op. Tomorrow is my absolute deadline to get this thing ordered.

Hey KnCMiningOp - Any updates?

Thanks and hope all is well,
IAS

This Wednesday.

Just curious but what is the ETA on the reservations in terms of placing the order?

All shares have been reserved and/or paid for. There is the possibility that some shares might open up if any of the reservations don't pay in time. Please send me a PM or email and I can reserve any shares for you if that is the case.

20 shares left.

28 shares left.

53 shares left.

67 shares left.

albon payments confirmed.

82 shares left.

Hi

Can I also buy 1 share with btc

Hi

Sent you $30 for 3 shares

115 shares left.

125 shares left.

151 shares left.

161 shares left.

173 shares left.

188 shares left.

Paid via Paypal.

193 shares left.

Reserved 82 shares.

213 shares left.

PM Sent

295 shares left.

301 shares left.

Payment confirmed.

311 shares left.

sent.

Yes 8 shares are available.

Actually there are 332 shares left.

can i still avail 8 shares?

417 shares left.

284 shares left.

318 shares left.

368 shares left.

288 shares left.

390 shares left.

Thanks John.

395 shares left.

435 shares left.

Advantages of this group buy vs some of the others:

This will not become my property after X amount of months.
This will run until it is no longer profitable OR we decide to keep mining and pay for the electric/AC.
More affordable at .1 per share with no minimums.
20% of the profits are re-invested into additional mining hardware or other mining assets.

470 shares left.

Some people didn't pay in GB2 and someone asked for a refund in GB3, while some were moved up from GB3 to GB2.

As a result there are still 485 shares left in GB3.

526 shares left.

Please post here: https://bitcointalksearch.org/topic/kncminer-jupiter-shares-gb3-1per-share-4ghs-252584

About:

After our first & second successful group buys: https://bitcointalk.org/index.php?topic=243092.0;all & https://bitcointalk.org/index.php?topic=249820.0;all

We have decided to do another group buy for another KnCMiner Jupiter 400Gh/s

You can see the financials of the mining op here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1


Investment info:

1000 shares total:

750 shares public.

50 shares myself for management.  

200 shares being issued to the mining operation for re-investment.


Dividends:

Payed weekly on Saturdays.

Please note that these group buy 3 shares will not start receiving a dividend until this unit is up and mining.


Costs:

One-Time:
KnCMiner Jupiter $7,131
PSU: ~$250
AC Unit: $100
Shelf & misc: $50

Weekly:
Miner estimated power usage: ~$15
Standalone AC unit: ~$15

Monthly:
Rent: $0
Internet: $0
Management Fee: $0


Future Plans:

Short term investments on BTCT.
Create PT shares on BTCT.
Save profits and buy additional units.


Payment & Escrow:

John K escrow.

Or the mining op address is: 1vsNpyK548ew789iKTXprsK2SKYvMyiXD

When you send your payment please pm me the txid, your dividend address and your email address.

Price per share is .1 BTC


FAQ:

Are the shares transferable?
Yes they are.

Can I pay with Paypal?
Yes @ $10/share. Please PM me for details.

Can I pay via BTCT?
Yes you may. Please PM me for details.

What are the short term re-investments?
See the Shares table here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1

What are the dividend expectations per share?
See the Dividend Yield Estimates sheet here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1

What happens if BTC doesn't go over $100 USD?
I will ask everyone to send in a little extra BTC per share. If you paid with cash you won't need to pay anything more.
You will also have the option for a refund if you don't want to send any more, less any fees.

Has this unit been ordered yet and/or when will this ship?
No it hasn't been ordered and depending on when the order is placed depends on when it will ship.

Any other questions please PM me.