Topic: CLOSED]R15x: 2 KnC Jupiters, $110 = 11GH/s. Nov. + DZ MC Bonuses - page 3. (Read 8441 times)

That's a good news, thanks

https://www.kncminer.com/news/news-68

  not to argue about what you invested but in the usd taxes would be based on conversion to usd.  so your investment would be 330 usd.    and if it earns back .5btc at 852 usd a btc your income would be 426 usd for a net profit of 96 usd.   btc prices  are a point of confusion for many.

 If you want to transfer your shares to me   I would pay the transfer share fee to the coop and give you 120  usd a share   so you would have a usd profit of 10 bucks a share.  or if you want you can hold on to the shares.  Need I remind you what Avalon did to the second batch buyers.

If you want to think in BTC only and not USD it is okay.  I deal with all of this in terms of USD  because I report my income that way.

yeah this could very well be the next dot com boom. 

anyone remember   amazon's stock rise.  and years later  its boom amazon is still here with us doing well I might add.

Thanks for the compliments, Tiennou74. How is the weather in your part of the EU this year? I've always wanted to visit Hossegor and would love to visit when it's "going off", as us waveriders say. There's also a lovely artificial wave in Spain next door I'd love to visit called the Wave Garden.

As for the lack of communication: if I don't post to a thread for a few days, please keep in mind that I only post if I have something new to add. If one of the other co-op leaders have covered it, I'm not going to stop by to say: "ditto."

Another important note: this order was paid for by CC by bobsag3. Technically: there is no BTC to refund because it was converted to fiat and sent to the mfg. We also usually don't have a giant pile of BTC sitting around just for refunds once orders are paid. This is a lean co-op that lets us offer rock bottom pricing.

Believe me: Thomas and I haven't exactly gotten rich off of offering these lowest cost GB shares on the forum. Just between the two of us, let alone other co-op leaders and contributors, we've likely poured 6 figures worth of labor into this co-op so far, using our usual hourly rates.

I will add that we're actively trying to improve the liquidity of future DZ MC ASIC miner rig purchases with our new site, but again: Rome wasn't built in a day.

One more note about these types of investments/purchases: a person *really* shouldn't be investing in ASIC miners and Bitcoin in general if they can't handle volatility and occasional bad news. I'm not your lawyer or investment adviser, but please don't invest any money in GBs or BTC that you cannot afford to lose.

This is standard in the world of high risk/high reward investments such as these.

If you absolutely must seek a refund (esp. if you're a big purchase) we'd really prefer that you work w/ us on a refund or share transfer to someone else, as we meant what we said about the chaos that can be caused by refunds on already paid hardware where we don't have the orig. funds.

If it becomes too much of a PITA to offer DZ MC GBs because people want to use us as a short term "bank" to hold their BTC, I will absolutely shut down ALL future DZ MC GBs. I absolutely don't need the tiny bit of BTC and massive amount of stress that these GBs can cause, and GBs def. don't pay my bills.

I will add that, with our new site, we're working hard to improve the liquidity of future DZ MC ASIC related purchases or contracts, but that: Rome wasn't built in a day.

==

We're trying to keep up with demand, we have a lot of Rounds sold and try to give people a couple of GB options that are world class values. I've been dealing with an influx of new interest, new investors, and new miners, all with many questions about this brave new world. Heck, I even talked a local brewery owner into accepting BTC since CoinBase transactions are free for your first $1M in sales (vs. 3.7% for Square).

Since we posted about redesigning the site which is nearly done we've also:

- Met with the site designer for final payment and site improvements on the back end to automate some processes
- Finalized business structure among founders in 3 time zones (which complicates communication/coordination)
- Had our CFO meet with a number of law firms who handle International Business and decided on a firm
- Secured legal counsel
- Secured paperwork and sites for an umbrella corp. and a couple sub-companies
- Graphic Designer searches complete
- Ongoing refunds and share transfers from late R13x
- Negotiations with SolarWindMiningCompany leading to my suggestion that he simply relaunch as a stripped down GB instead of a facility/re-investment project
- Additional startup biz planning w/ company founders
- Numerous investor meetings

For weeks now, I've been working on the co-op and this biz more hours than my job at the Research Lab.

These GBs don't just sprout out of thin air. There's a lot of discussion and planning that goes on behind the scenes. A lot of my time is now spent behind the scenes, researching candidates for future GBs (you may see me on the CH forum here and there, vetting new companies), and meeting with potential partners, manufacturers, resellers, and investors.

Among the 5 co-op leaders, we divide the work here to hopefully keep a modicum of sanity. We've succeeded in building the biggest and most diverse Miners Co-op on the forum in this manner, so I think we're doing something right.

It's been a busy, stressful time and I apologize immensely if I missed your PM. Please shoot me a 2nd PM or a copy if it was really important and couldn't be answered by another co-op leader or member. I'm trying my best, but I'm only human and I only have so many hours in a day (and children to help raise too).

I won't go through everything we have planned but are new pro arm includes new offerings that benefit the Group Buyers and other investors in this new cryptoeconomy. I have talked a little bit about them in 1 or 2 GB threads previously.

I'm excited to be here in this moment in history, where BTC hasn't even reached 1% market potential, and there's a whole new world out there for us to explore together, for those willing to take the risks.

You can trust the GB "managers" a 100%. They are reliable and trustworthy.
The lack of communication is due to the fact that we are waiting for shipping info from the supplier.
Nothing to worry about!

oh ya. I've dealt with Thomas and Redacted too and I trust them.

We've posted (at least I have) multiple times the knc news thread, where they post how their shipping is doing.

http://forum.kncminer.com/forum/news-and-anouncments

As for the new website it doesn't sprout up over night it takes time to be created, tested and moved over.

You certainly can do that... you pay them 1.5% fee when you ask for a refund.  The way it has worked (and I assume still works) is that bob buys the equipment and the GB pays him back.  But up until it ships that money is waiting.  And if you did pull out of one and buy into another I suspect you would be waiting longer for the hashing, so it might not be worth it.

They might be very busy with something at the moment but they will get back to you.

I trust DZ and Bobsag, and I also know Bogsag outside this forum and I trust him.

Isn't the equipment paid for even if not shipped?  Who's going to cover the refund?  Will it affect the order?

If they have another group "buy" listed in USD, what's the stop said person who got refund from turning around and getting more shares in the other one?

That's what I mean by asking for trouble.

M

No they aren't, your BTC goes into a wallet and is stored until shipped.  They don't gain or lose any money.

Wow, that's asking for trouble refunding in BTC.  I stand corrected.

M

Actually DZ always refunds in BTC... the exact same amount you paid minus the 1.5% fee you agreed to.  So relax.  The funds are held in a wallet.  Honestly these guys have been incredibly communicative in the 18+ GBs they have running, I don't know what else you want from them.  If you want the refund, ask for the refund.  As a member of the R9-R12 GBs we just ROId so... there's that

The investment is listed as USD.  You could also say you invested 1/4 oz of gold.  Or 100 packs of cigarettes.  Doesn't matter, it's still listed as USD.  If you do get a refund, don't expect 1BTC, expect the USD equivalent.  If you're going that route, at least wait until BTC/USD dips back down.


This I can agree with.  However they are at the mercy of the supplier.

M

The investment I made was 1BTC, not 330USD.

But what's really getting to me is the lack of information coming from the group buy creators. No updates, no news. They said they were switching to some "new website" soon, but nothing's changed on dzminercoop.com The last news posted was on the 17th, and there's nothing about R15x delivery dates. I dropped out of the R13x buy last time because they kept on pushing the delivery date to "next Friday" because "The amount of broken boards in the Bullet Run that are being replaced is equivalent to R13's hashrate". That kind of quality inspection by the manufacturers is unacceptable. I don't see R13x in the list of spreadsheets so I'm assuming they still haven't started.

I don't understand?  The price is listed in USD, not BTC.  It's looking good that you'll get your USD back in ROI.

M

I'm gonna ask for a refund if that's even possible considering the lack of activity in this thread lately. There's no way I can ROI with Bitcoin at these prices. The $330 Bitcoin I paid with is no longer a $330 Bitcoin, so unless KnC can offer some crazy enhanced mining hashrates (those extra 100mhashes aren't gonna cut it), I'm gonna drop out.

http://forum.kncminer.com/forum/news-and-anouncments

Any news regarding to shipping?