Topic: [closed][Groupbuy] !NEW batch KNCMiner - 8 sold! SOLD OUT - page 19. (Read 20830 times)
Miner 01 and miner 02 is payed for
count me in for 5 shares please, payment tonight when i get home.
For status on miners in this group buy check this post - https://bitcointalksearch.org/topic/m.2588839
Status of bought miners
Miner01 - 350GHs - 240/240 sold
Miner02 - 350GHs - 240/240 sold
Miner03 - 350GHs - 240/240 sold
Miner04 - 350GHs - 240/240 sold
Miner05 - 350GHs - 240/240 sold
Miner06 - 350GHs - 240/240 sold
Miner07 - 350GHs - 240/240 sold
Miner08 - 350GHs - 240/240 sold
Share overview
Miner01 - 350GHs - 240/240 sold
Miner02 - 350GHs - 240/240 sold
Miner03 - 350GHs - 240/240 sold
Miner04 - 350GHs - 240/240 sold
Miner05 - 350GHs - 240/240 sold
Miner06 - 350GHs - 240/240 sold
Miner07 - 350GHs - 240/240 sold
Miner08 - 350GHs - 240/240 sold
Share overview
Code:
Miner 08 - Shares Sold
Username # shares Transaction confirmed
benturas 20 6ee6abfe3b02c324ac7c14610d37aab9d7478e649bbf71d3c9fc4ea54c626f10
tyrion70&blastbob 220 065976b42bf4a55c6fe6b09414892a37d28c66eccc6cd367267f7866daf1d904
Miner 07 - Shares Sold
Username # shares Transaction confirmed
tyrion70&blastbob 68 176ec4de7941496f6ded8400d4af3e55ebf586d50f376c8cf567c727531564c1
tyrion70&blastbob 40 c5764a017ab850ca966d881a2becc5bf25aecc68120af30961b3a40df2b6e625
Voodah 4 f5a93fee706ecfb0e5eaa09ac1cba8c9a72878bdfe9a0bc0373b3b9ac47301cf
alzaron 7 8a75d3c2fc15ddcf89d094a2efa8580e018c5117eb7fff786e9fe77e3e9e916c
eabedry 20 44877ffc4636c1f0fb8723fa8e5fc93d0b49342d2f673ad85d9ee149db769ebf
DavidMc0 5 843951c8c45c713a95fafa37827cbf6bfcdedaa73a7e880e6ed44ddadf792433
wiredmine 4 55ec3b28493e6d799342252e92c7c81f0a6ad0ed51e943e2f54353f8cfcd205b
benix 7 0eb98f46e468b9a6dc7627b3f684b5dfc4961a7f77a38fa4a448e126b3fd9d3f
leepsteer00 2 f4bf20dbb7a301bd5df599eb63d064d3ea25aeb3f7932030c2c7bbe469256297
notfair 3 74ae6c39c3afe223818bcdbc68cc61de39665658a95eb8e36dc8e873b0acad42
nobunaga 5 08e9dc7de1cf5181ec4048f7887a7109f80f90c69123728330c75dbbc723d39f
anto 12 c148e696d620bbcc3a47129c496cf74012fc6a6e3e636ac6ba84a4edcfd63150
bmarch 5 45d4977c05880b2cd58126a6f910cf364c70ae2b040154031f9f647b67bb2e99
ikilled 20 0045b90c508d41b346ea782d48e679add9a288545c324d88d7f7e4d8611ff255
sealight 4 f45516f5b35afe3448dc84d3cf1eabc266006fda3b16e5649dbb7743d5e80dd0
benturas 28 6ee6abfe3b02c324ac7c14610d37aab9d7478e649bbf71d3c9fc4ea54c626f10
Miner 06 - Shares Sold
Username # shares Transaction confirmed
Choadmeyer 1 5ba96b6b8fc1c2ead730b01e34935af8f075e09234ae20c08d45e844f49acbc1
private buyer 10 2d0426cb7b1ccbf3740009e8668f1750a0453237be8823140e015f5c64e79fec
private buyer 10 8b40f689a768f25a6cbd95dbae621f33b4e147964360bd8369c9956dfa1bcd5f
private buyer 11 70dd6d242c3407359a21dbedae889e7f88d1053473e339d1994c292e88d491b4
private buyer 9 bf728f8a7f3a5d48cabedb6c506ed48840114f38eb3e4cb87483b0183fb1ceb7
Dokosten 26 ee75b39bdd79a08b71f35fa282789c0334bd187ce51b51504d221eafb21398be
clintar 1 7f6aa349ba5d4fa402fcd8cc6024c9042992034dbed297227742e851c6fa0e49
private buyer 18 94ffc4cdc7355b863d8c78d468dac4487b4fe4122fe242c8eb691b35125f4f7f
kirk46 2 a8a3b1c5846ae61c4400d9fe16660021b08853f0cf96986147c4ac17cd560a20
BombaUcigasa 1 b894cc018986069dcfda1b60d25b377c5ce80ec7e38e0ec8696715004bb3d825
bigdaub 9 baa87f626914a904520b33fda73cd82fca52d7b7ff7c28ab4a1e06c3031bd279
btceic 3 53e31d9bb29f9eda50dc0e7416de0d43a7bd8680ae47abc06983f6efd8fb14e8
bigdaub 3 f8739ccbc81c7a9c72ab80acdb87fa02d671e35073a7097895633b0773f91164
nobunaga 3 428648c31401888ca06488ee7ccdb56036cde588ac1a6bbdf46aea01c3b7949e
nobunaga 12 162cd120f1ff5d344fae60f9c440639ba858d50aef08a6f82fc2bc1acec7d866
jongaper 3 81d6139f2ccc838701c83320f203f7351a2236beb4a9b55cc194ea72ced13b1e
czspeedycz 10 1c1dea3becf033c48fa19c6e083a6d48e6e6f94970d9eb45bd6b2a85a67fac70
scotjam 15 29ef42020bbcef628ed3c14eb7e06f79ebace408c5895376cab313801c19c2bb
rascal777 34 c422b47fd634b469835ca323ba071cb30e9863d7b773c4d49ddafe54278facd2
btceic 8 d5a68621a993cdcb914b6ce7f6318f1e7e0063bda7c223d41f11fbd29493bc9e
kirk46 1 374adc69aafd95609b1e43f10024bf46251ed88a3d7f3fc4f6711d52989bc1a8
hardinero007 10 635285224a67bd6b56dbcfd3dbec8d30100b12b1a5895a14f67ab1950a5be5eb
samos123 3 1acb568f5a614405c08021deb26951e3ddc051f0593c3306bbe73627d0132f3f
FiatKiller 10 96d029f7a616e786bc9042ae6917261a8d255967e35268a851d64b62017e3e16
nobunaga 25 4121e3e77d1028c419d47f91340ef39a8f763e74ba1d7a91f9a08bfe295234cf
tyrion70&blastbob 2 176ec4de7941496f6ded8400d4af3e55ebf586d50f376c8cf567c727531564c1
Miner 05 - Shares Sold
Username # shares Transaction confirmed
blastbob&tyrion70 52 81214fb52951803ed4fcd6e8086fa1a024c5b6288d3103a583fc3838ff8ff4ec
minerpumpkin 20 84ae7eee8a62d27ebe574aa59b22df491ebd7cc1314c3336c6dd9d8a4ca6d871
Stinky_Pete 3 0ec6bc9b6309ceadca940b0503367e79761e6fb1a3730907467f1d93dcdc5af1
private buyer 22 3301142332e2739c534e460cdfefb991d4b5c5f907e0840d1f50d25768fc84c3
private buyer 20 21b52d9eb5bee150ff147e3d1cba69fbead673a750e083d1914518338bdba182
riclas 30 34c230a9b1fdd06ae5d660545ac8ae91e1cf6c8d39cd540e57d498b5536890ca
kerhac 1 0d51434c47abe7583a4b535001661f1526f0397479f938fdbe7520929d5a8dac
philipma1957 1 d9f0b526374ac3fff4f01d39e73ce2c9467fbda226389f79bf50da8cd65255e2
kerhac 1 cf3099b53c299bcb29a4eb0484eaa0d831e71e196eeb9e528dc88ffdb0ab83af
Colgate 10 3c841ec7125512203552d6f1526b75933ca45edd8d13525f38ff00777a980d6e
tuudle 10 0ebef0aa3381278aa0c1089d9ccaeb2ab4a6182d04f5b0249bad3416f18a6a41
private buyer 50 7a644788ca727d915529e73dad034ada65408301e824a9c4353ca7e808772c24
private buyer 20 e9430349fa18cc6a73b0198f748e4d3d910e9495ce14acad2d378aa820585c0f
Miner 04 - Shares Sold
Username # shares Transaction confirmed
blastbob&tyrion70 32 4f24eac1cf475d569b55aab331e2a30303e09c6692e3371b7684bf71ee9062aa
kuriboh 4 0da3c606d7acc38e2b272d0d2c9e610328eef5bf0456c9f5a8594d4a6c5b6bfc
private buyer 20 1bf06427162e60b8382d6d1dac5f6b55ca7c522140b3301d5f413b172e2622c5
private buyer 5 a5648fd4361dbf58593051211fbbf09290da6cc797d0c449536f5652f9089c37
DanyAC 7 5a54b585415b1996eb204c3fdce62569a0acf7c851cf0bb565673b18b663ed79
hardinero007 6 6033967a9a26d07cd654a78fabdf7d238ac57fb3f13144ea7bd27de8eb49fc81
philipma1957 4 a4b8e2145c12e2a49b4fb9866ba76d7bf73da2ff7d36740326a0296cf750834c
SteveB 10 23df0de0725f4e81e48fed1c593be3bbfc3fc5c3d94fd72152ddb3f21839aff5
PaJo2000 20 268b4b97fb6edd495c43fb398383421e855bebbd48bde4d9bfc83a02fda99510
SteveB 10 1844ea1d76c3ffa41124cc8d7492322cc207c50a37bfd120f5f2101e7ae306b7
dronex 10 9f1ecd7cb0bba6ae885ffaf5590f28dec49077588420474f983257d9d0205485
tuudle 10 8e5b8f5635d984bdc66c0d9394c76e02112f9971f8c21ca8928d2a8ac959bdae
kirk46 4 7c3b118f017c1d69776567633c182df4d32f6ffb778258a1d3cebd2a9c2e0748
Szmarco 40 c38179b1c2d516ae6283a37ea95d90ea3eb083484992d0a4137631ddd84080d3
Anto 10 f336f0aea92abcd9e3da53799a8e1af87d301198a97fc1de353fa917b57a93d0
blastbob&tyrion70 48 81214fb52951803ed4fcd6e8086fa1a024c5b6288d3103a583fc3838ff8ff4ec
Miner 03 - Shares Sold
Username # shares Transaction confirmed
Stinky_Pete 3 50f26c37533e20a2fc0b39846e4d3cf046b6ecceb21c7eb2aaead138d262d7b9
philipma1957 5 476f012f4cf5fe8a530d3b59422735a4699a3798f5e22cc7216aa93d02a7b19c
Voodah 2 ac1cf011a19f28e40a948e69d0e02ba145a7d678322db0709b1d984dc341f1fc
alzaron 23 f3d0d911fc603e207d16e920f5469b80a38be12349b839099eee178a20996e25
zurg 3 4e4cdc865a0da252c8fc30c835f0bfadb5c6253addfd271766c7901ff2450520
clintar 5 786a3749e947055aa240b5ab9b1c7fd43e2bad8abf1d1451ad8c0925cbb8bb7a
kirk46 2 789a558b758f462c9207a5ec04aa09286078e06ccae32a816481a5011d6be5a4
philipma1957 5 3228fa300587463b79004cd17f226c4a337101ae5d102cbcefeae3ef07a97375
justanickname 50 6c9f6788e0cf4196dbb2665ff5931fab3573f8f0b3f420d4e593128d838a9f3e
martyj2009 4 6e357ef8f12d395900ac998be70605659a3667b255cf4c906113c8aa39b9ae1a
blastbob&tyrion70 138 4f24eac1cf475d569b55aab331e2a30303e09c6692e3371b7684bf71ee9062aa
Miner 02 - Shares Sold
Username # shares Transaction confirmed
btceic 7 e675b67a2aac6e491d23da1058d0a99872ac8b919f86fcf6efd3de9740f50952
tidus_13 2 41e47847693df9c28fc7207f637accc8f07f6a701e100289329f90d5eea1f982
KSV 10 6f2862ccdeb2c7dd386af5923a081690e5c0fed93966930d567c5ada0b93e415
Bitcoinorama 4 Reward for https://bitcointalk.org/index.php?topic=232852 :)
Innovation 2 ce597997a21aba52ddcb5493d28acd0e666798cbf2740f9e123ec12fe1cf3d56
Hasher87 3 377fa0b550f050a5ae00f44d71ce10dd835797d888b57eb41aaa903360f90c30
Dabs 2 95be65ab07362358c8735508fdd67e8c02c412c3214cbf108e6fbe0c7dac6d97
SteveB 10 6f8e9733c83f2d12a87a9b4e7889f0aa81e0a0122290ce99df58dbe9016d03d1
Szmarco 40 ba6c010953e23b90a9e797202192e16cf008ce2a4c737762bc7967ac58dfae7d
Mabsark 1 1cc407d832e052327cdc9694545c1fa79549f268bb849beeef4e81d5a1bc4c80
hayek 4 c5ae1dc3326d4554eaf45652fc2e22bae37862e89c5c16d8e6b5755077d4775f
eabedry 30 1583a74894219aca810d5595fc6b9dcb5372071f7cd119240c45d7f3be1ed67c
twisty317 30 e34a4599a500ddf6e6e0d9adf0a46d2ff3c79479118d1f4f79ff84e2f5f8151b
newtothescene 10 a216f644a45a16f4d0c6e33668262a8b6fb69b91a4d4a6b44079d4bca2cb57b3
Jski 4 5ddfba9d640b8d8223d5191c34c7bffeed172a6430fecee16c0557d88a59cf0a
eule 2 f1b791a8c67150cc1b6640fe072f3fd37f696d03a4fd16cd93eb615ecdfc50f4
minerphil 2 72310233de491f470210fa7e3945c5901b8e202e1db40fa391c20ec855f60f26
hoping1234 10 3ee850fdd041dbd5ba0b8fbbd5332b5292ea3794192368785c1fae90f90227c2
X0nic 4 10ee6fa1acb2d580c9cb9d6082df5b511de19d1b3918a24b4a7ff56d456ad567
yxxyun 5 2b221af1cf82c4f55f54b8bb2278e10531e8e1e97f2052353438ef3a93e6cc59
notfair 2 eae17af0d216f48ddbd4193d35e6429ec6514a54df9bcf4c92ced1a4c9bb90a3
tempbtc 5 73f9e0bb671a7136fb621135af7e3dbfd5954ce2b3e53f0754480cc88140481b
jamesc760 1 58c1277ceefb7bccd250268461e707e5d2a155e3d551463ee64d16e489d3f51a
hardinero007 4 e7c04c7141ce736d0ad31eaeb900dcc032b915a9d7a36d5841d191a47a964372
Pez 6 481cab6bbbac3c03e34a8cfb7f5ac560d8c41315bb72fbaf748f11be22de7a74
dc81 6 9ffc1c69f7846a59988f76784a2e0b1039e28e1a5af332ec842cb6d593a0105f
dc81 4 89ba95c1e54a8c4736fc1596da2f03de42b01573fb2a43e03fdc1417af3b5e24
Kerhac 5 3a3531f7788b476a689bb27a2e30d57256e34c75bf7c390c558a53298d7156c0
philipma1957 10 81ac8abc21fa07eb2c5602525f058075605dd20d3b170790072915ef6bde48b1
dani147624 2 fd29e4511ffef5f2f95aa7dbc0e8af5c11705f9d4da09bf197f7f7bed9ec8de4
henrock 5 cfb822f5dd70afd9900c109878ca9f67cbcd47cf5ee6a5f684d91eed367257bd
SteveB 8 bd39b91319a062a35abc9f571cfc8f1085aa74b2e099ea4df56d4c0d1550c289
Miner 01 - Shares Sold
Username # shares Transaction confirmed
tyrion70&blastbob 240 065976b42bf4a55c6fe6b09414892a37d28c66eccc6cd367267f7866daf1d904
EDIT 2013-06-30: We've asked John K to verify our identities. You can find his posts here: https://bitcointalksearch.org/topic/m.2618021
Following the successfull groupbuy in the pre-buy period, we decided to start another groupbuy for the second batch of KNC Jupiter miners that will be released. Unlike the first groupbuy there is no delivery date set yet for these miners so it has a higer risk.
Learning from our earlier groupbuy we made a few changes. First of the share price. On the first groupbuy shareprice was 0.50 BTC. We still saw a lot of people only buying one share and some having trouble getting the 0.50 BTC. So, we decided instead of putting 120 shares in a miner we'll split it into 240.
Last time we had bad luck with the BTC price. What we do this time is set the share price slightly higher. Any difference in the final price of the miner will be added to first payout (after first expenses are deducted but before issue to ADDICTION). Price is therefore set at 0.30 BTC per share.
Another difference is the ADDICTION asset on Bitfunder. We will be releasing this asset shortly for everyone who joined the first groupbuy. Because delivery of these miners is later than the first batch, we can't and won't issue new ADDICTION shares untill these miners are delivered and running. Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 350GH which would mean for every .30BTC share you'd receive 50 ADDICTION shares, regardless of the actual price at that time. This ensures that ADDICTION share value does not dillute but still represents the same hashrate (currently predicted at 28.23MH 32.26MH per share). You can choose not to have your shares converted to Bitfunder. In that case payouts are still measured as if they were part of the ADDICTION network.
The last difference is that each miner is counted treated individually because we don't know for sure they will be delivered at the same time. The first miner sold will therefore be the first miner to payout, but only to the shareholders of that miner (or of ADDICTION once it's issued). Which rougly means you have an advantage if you buy early! The transaction time in the blockchain is binding on this. Buyers of the old groupbuy are allowed to reserve shares in which case they will be added as reserved to the list. In this case a reservation goes before blockchain. A reservation must be made on topic and within 24 hours of start post.
If you need to contact us we can be reached by email at p2poolnl @ googles email . com
Also check out the updates at http://p2pool.nl/blog/
Because we don't believe in selling something without having stake we bought the first two miners already. Blastbob will post screenshots as usual. The first one is bought by us for us, the second will be sold to the public. This way we can ensure everyone always gets his shares guaranteed. If we stop the groupbuy we will simply buy the remaining shares for that miner.
We expect that you have read up on KNCMiner and what its about.
https://bitcointalksearch.org/topic/kncminer-openday-wednesday-5th-monday-10th-june-214285
https://bitcointalksearch.org/topic/swedish-asic-miner-company-kncminercom-170332
You can also read up on the old groupbuy
https://bitcointalksearch.org/topic/groupbuy-jupiter-kncminer-05-btc-shares-12-sold-closed-227400
For more details on the IPO look on Bitfunder:
https://bitfunder.com/asset/ADDICTION
Shares
Each share is only 0.3BTC. Each miner is divided into 240 Shares.
Spec per miner (KNC Jupiter)
350GHs (possible 30% more with optimization )
1 Share gives you the right to 1/248th of the BTC proceeds from a KNC Jupiter Miner mining 24/7 for 24 months after deduction of costs. The remaining 8 shares will be owned by OP as payment for maintaining the miners.
Payment will be based on the proceeds from every individual miner until shares are issued to Bitfunder. Once the miner is added to the ADDICTION network each share is calculated over the total ADDICTION network
The miners will be hosted at KNC Sweden, a datacenter in the Netherlands or in Norway depending on pricing and service offered at KNC.
When mining is not profitable anymore, we will attempt to sell the miners or find another use for them. Any proceeds thereof will be distributed as dividend.
How to buy shares
You need to send 0.3 BTC per share and post the TX id in this thread or PM. Make sure you own the send address used. We will use the sending address for payouts. Change of this address is only possible with a signed message from that address.
IMPORTANT, if you want to convert to bitfunder, please inform us of your Bitfunder ID (if we don't have it already). If you don't want to convert to bitfunder, ensure you send BTC from an address which is owned by you. Using online wallets is not recommended. We ask this because we will use the from address for payouts. You can request an address change only with a signed message. If you are unable to send from a private address please contact us through PM BEFORE transfering your money. We'll give you a random numer of satoshi's to transfer along to prove it's you.
Miners will be divided into 240 shares. For each lot completely filled an actual payment to KNC will be done. There is no ending period for this groupbuy but we reserve the right to stop when there is not enough demand anymore.
In case of non-delivery
We believe KNC will keep its promises. In case KNC does not deliver we will do everything in our power to refund your (and our own) investments. We cannot guarantee this however. Buying these shares means you agree to not hold us responsible in case KNC does not deliver.
In case of hardware failure
We believe the gear should be able to run 24 months, but since there are no working devices yet we simply don’t know. In case of hardware failure we will have KNC repair or replace the machine. Any costs involved will be deducted from payment as costs.
Appropriate Payment Address
1WaNTKnCJzGACWZumFTvtKbD3PU25Ey4a
Dividends
Payouts will take place bi-weekly. Statements will be made available on http://p2pool.nl/blog/
Payment on shares will commence the miner attached to the shares is delivered.
Until shares are actually issued to bitfunder, it is possible to transfer ownership of your shares. We will however charge a 0.1BTC transfer fee (per transaction) for this. If you decide not to transfer the shares to bitfunder, this transaction feel will be kept in place.
Who are we
We are Tyrion70 and Blastbob. We’re from Norway and The Netherlands and decided to team up on a number of ventures (p2pool.nl being the most prominent). Since we both very much liked the KNC offering we wanted to offer this to a bigger public.
We've completed another KNC groupbuy were we bought a total of 12 KNC Jupiters.
Following the successfull groupbuy in the pre-buy period, we decided to start another groupbuy for the second batch of KNC Jupiter miners that will be released. Unlike the first groupbuy there is no delivery date set yet for these miners so it has a higer risk.
Learning from our earlier groupbuy we made a few changes. First of the share price. On the first groupbuy shareprice was 0.50 BTC. We still saw a lot of people only buying one share and some having trouble getting the 0.50 BTC. So, we decided instead of putting 120 shares in a miner we'll split it into 240.
Last time we had bad luck with the BTC price. What we do this time is set the share price slightly higher. Any difference in the final price of the miner will be added to first payout (after first expenses are deducted but before issue to ADDICTION). Price is therefore set at 0.30 BTC per share.
Another difference is the ADDICTION asset on Bitfunder. We will be releasing this asset shortly for everyone who joined the first groupbuy. Because delivery of these miners is later than the first batch, we can't and won't issue new ADDICTION shares untill these miners are delivered and running. Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 350GH which would mean for every .30BTC share you'd receive 50 ADDICTION shares, regardless of the actual price at that time. This ensures that ADDICTION share value does not dillute but still represents the same hashrate (currently predicted at
The last difference is that each miner is counted treated individually because we don't know for sure they will be delivered at the same time. The first miner sold will therefore be the first miner to payout, but only to the shareholders of that miner (or of ADDICTION once it's issued). Which rougly means you have an advantage if you buy early! The transaction time in the blockchain is binding on this. Buyers of the old groupbuy are allowed to reserve shares in which case they will be added as reserved to the list. In this case a reservation goes before blockchain. A reservation must be made on topic and within 24 hours of start post.
If you need to contact us we can be reached by email at p2poolnl @ googles email . com
Also check out the updates at http://p2pool.nl/blog/
Because we don't believe in selling something without having stake we bought the first two miners already. Blastbob will post screenshots as usual. The first one is bought by us for us, the second will be sold to the public. This way we can ensure everyone always gets his shares guaranteed. If we stop the groupbuy we will simply buy the remaining shares for that miner.
We expect that you have read up on KNCMiner and what its about.
https://bitcointalksearch.org/topic/kncminer-openday-wednesday-5th-monday-10th-june-214285
https://bitcointalksearch.org/topic/swedish-asic-miner-company-kncminercom-170332
You can also read up on the old groupbuy
https://bitcointalksearch.org/topic/groupbuy-jupiter-kncminer-05-btc-shares-12-sold-closed-227400
For more details on the IPO look on Bitfunder:
https://bitfunder.com/asset/ADDICTION
Shares
Each share is only 0.3BTC. Each miner is divided into 240 Shares.
Spec per miner (KNC Jupiter)
350GHs (possible 30% more with optimization )
1 Share gives you the right to 1/248th of the BTC proceeds from a KNC Jupiter Miner mining 24/7 for 24 months after deduction of costs. The remaining 8 shares will be owned by OP as payment for maintaining the miners.
Payment will be based on the proceeds from every individual miner until shares are issued to Bitfunder. Once the miner is added to the ADDICTION network each share is calculated over the total ADDICTION network
The miners will be hosted at KNC Sweden, a datacenter in the Netherlands or in Norway depending on pricing and service offered at KNC.
When mining is not profitable anymore, we will attempt to sell the miners or find another use for them. Any proceeds thereof will be distributed as dividend.
How to buy shares
You need to send 0.3 BTC per share and post the TX id in this thread or PM. Make sure you own the send address used. We will use the sending address for payouts. Change of this address is only possible with a signed message from that address.
IMPORTANT, if you want to convert to bitfunder, please inform us of your Bitfunder ID (if we don't have it already). If you don't want to convert to bitfunder, ensure you send BTC from an address which is owned by you. Using online wallets is not recommended. We ask this because we will use the from address for payouts. You can request an address change only with a signed message. If you are unable to send from a private address please contact us through PM BEFORE transfering your money. We'll give you a random numer of satoshi's to transfer along to prove it's you.
Miners will be divided into 240 shares. For each lot completely filled an actual payment to KNC will be done. There is no ending period for this groupbuy but we reserve the right to stop when there is not enough demand anymore.
In case of non-delivery
We believe KNC will keep its promises. In case KNC does not deliver we will do everything in our power to refund your (and our own) investments. We cannot guarantee this however. Buying these shares means you agree to not hold us responsible in case KNC does not deliver.
In case of hardware failure
We believe the gear should be able to run 24 months, but since there are no working devices yet we simply don’t know. In case of hardware failure we will have KNC repair or replace the machine. Any costs involved will be deducted from payment as costs.
Appropriate Payment Address
1WaNTKnCJzGACWZumFTvtKbD3PU25Ey4a
Dividends
Payouts will take place bi-weekly. Statements will be made available on http://p2pool.nl/blog/
Payment on shares will commence the miner attached to the shares is delivered.
Until shares are actually issued to bitfunder, it is possible to transfer ownership of your shares. We will however charge a 0.1BTC transfer fee (per transaction) for this. If you decide not to transfer the shares to bitfunder, this transaction feel will be kept in place.
Who are we
We are Tyrion70 and Blastbob. We’re from Norway and The Netherlands and decided to team up on a number of ventures (p2pool.nl being the most prominent). Since we both very much liked the KNC offering we wanted to offer this to a bigger public.
We've completed another KNC groupbuy were we bought a total of 12 KNC Jupiters.
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