Hello,
I have four Jupiter miners that I have paid for including six months hosting on the KnCMiner pool.
I am not sure if the KnCMiner pool is the best option or not. I am very new to bitcoin mining. I just know I need to hit this as fast as I can afford...
If anyone has any reasons why I should mine in a different pool please let me know.
thanks
Andrew
Topic: [Group Buy]12 KNCminer Jupiter's 15 Sold [Closed] Jupiter Pool - page 20. (Read 75591 times)
Bitfunder update
Will be releasing the shares at 10am MST time tomorrow.
Make sure 2factor is enabled on your accounts.
I am not responsible for any stolen, lost or fraudulent shares, if you do not have 2factor enabled on your account.
You can still have your shares listed on Bitfunder after 10am MST tomorrow.
There are no fees to list your shares on Bitfunder.
Ticker : SNQ.CoinI for original GB
and SNQ.CoinII for 2nd GB
Will be releasing the shares at 10am MST time tomorrow.
Make sure 2factor is enabled on your accounts.
I am not responsible for any stolen, lost or fraudulent shares, if you do not have 2factor enabled on your account.
You can still have your shares listed on Bitfunder after 10am MST tomorrow.
There are no fees to list your shares on Bitfunder.
Ticker : SNQ.CoinI for original GB
and SNQ.CoinII for 2nd GB
Having other avenues of communication is all well and good but I really think we should keep it here in the thread for simplicity's sake. Honestly I am surprised how seldom this thread is used. This is where the GB began so it makes sense that all public info about this project be kept here. Announcements can still go out via email but discussion and such should be kept here.
Also, I really think we need to discuss these fees that keep popping up. Here's a particularly apt quote from a recent email for those not following there.
I also appreciate what Soniq has done, but agree that we are being nickel and dimed to death. I feel like 2% of this GB is plenty to manage it in any form whether that be on bitfunder or not. As for the $350 a month to maintain each miner that really does seem excessive. I prefer to list on BitFunder but the proposed fees really do seem unnecessary, as low as they might be. Listing on BF was supposed to be free or I suspect that many would have voted against it.
Also, I really think we need to discuss these fees that keep popping up. Here's a particularly apt quote from a recent email for those not following there.
Quote
"spent extra money to alter existing code to allow for payments to Bitfunder. "
...even before we had voted to go to bitfunder!
It seems ever since we all put money into this project, more and more little cuts are being attempted to be taken.
Obviously there are management fees (which we all agreed to) but what seems to be confusing is that it's more a management "cut" than "fees". Fees implied to me that they would be paying for all things management ......
...now slowly and surely little things get added on to lists
...there was talk of setting a pool up ....(% cost was implied)
...a visit to KNC was asked to be paid for ... (I still don't even know what this was for, why, or how it even came about!)
...setup work to install the miners
...listing on bitfunder is no longer free!
...now the hosting has been mentioned at $350 per unit (not confirmed) but that figure is just robbery! ... (I have air conditioned server room, with generator backup, onsite support, email, sms, im monitoring, and I host web and db servers for £60-£90 a month!)
Whilst I do know that Soniq is working hard on this (and it's appreciated) the management fees alone will stretch to many thousands per month ... so comments like "i'm doing this for free" seem a bit inappropriate.
...even before we had voted to go to bitfunder!
It seems ever since we all put money into this project, more and more little cuts are being attempted to be taken.
Obviously there are management fees (which we all agreed to) but what seems to be confusing is that it's more a management "cut" than "fees". Fees implied to me that they would be paying for all things management ......
...now slowly and surely little things get added on to lists
...there was talk of setting a pool up ....(% cost was implied)
...a visit to KNC was asked to be paid for ... (I still don't even know what this was for, why, or how it even came about!)
...setup work to install the miners
...listing on bitfunder is no longer free!
...now the hosting has been mentioned at $350 per unit (not confirmed) but that figure is just robbery! ... (I have air conditioned server room, with generator backup, onsite support, email, sms, im monitoring, and I host web and db servers for £60-£90 a month!)
Whilst I do know that Soniq is working hard on this (and it's appreciated) the management fees alone will stretch to many thousands per month ... so comments like "i'm doing this for free" seem a bit inappropriate.
I also appreciate what Soniq has done, but agree that we are being nickel and dimed to death. I feel like 2% of this GB is plenty to manage it in any form whether that be on bitfunder or not. As for the $350 a month to maintain each miner that really does seem excessive. I prefer to list on BitFunder but the proposed fees really do seem unnecessary, as low as they might be. Listing on BF was supposed to be free or I suspect that many would have voted against it.
Have addressed this with an updated email. Listing of Bitfunder will be free going forward.
Have created a new user profile to have all soniqs GB to be merged under one name.
Coinsortium was created as part of a process for a deadmans switch in case of soniqs unexpected demise.
Will be adding further updates.
Cheers
Coinsortium was created as part of a process for a deadmans switch in case of soniqs unexpected demise.
Will be adding further updates.
Cheers
Having other avenues of communication is all well and good but I really think we should keep it here in the thread for simplicity's sake. Honestly I am surprised how seldom this thread is used. This is where the GB began so it makes sense that all public info about this project be kept here. Announcements can still go out via email but discussion and such should be kept here.
Also, I really think we need to discuss these fees that keep popping up. Here's a particularly apt quote from a recent email for those not following there.
I also appreciate what Soniq has done, but agree that we are being nickel and dimed to death. I feel like 2% of this GB is plenty to manage it in any form whether that be on bitfunder or not. As for the $350 a month to maintain each miner that really does seem excessive. I prefer to list on BitFunder but the proposed fees really do seem unnecessary, as low as they might be. Listing on BF was supposed to be free or I suspect that many would have voted against it.
Also, I really think we need to discuss these fees that keep popping up. Here's a particularly apt quote from a recent email for those not following there.
Quote
"spent extra money to alter existing code to allow for payments to Bitfunder. "
...even before we had voted to go to bitfunder!
It seems ever since we all put money into this project, more and more little cuts are being attempted to be taken.
Obviously there are management fees (which we all agreed to) but what seems to be confusing is that it's more a management "cut" than "fees". Fees implied to me that they would be paying for all things management ......
...now slowly and surely little things get added on to lists
...there was talk of setting a pool up ....(% cost was implied)
...a visit to KNC was asked to be paid for ... (I still don't even know what this was for, why, or how it even came about!)
...setup work to install the miners
...listing on bitfunder is no longer free!
...now the hosting has been mentioned at $350 per unit (not confirmed) but that figure is just robbery! ... (I have air conditioned server room, with generator backup, onsite support, email, sms, im monitoring, and I host web and db servers for £60-£90 a month!)
Whilst I do know that Soniq is working hard on this (and it's appreciated) the management fees alone will stretch to many thousands per month ... so comments like "i'm doing this for free" seem a bit inappropriate.
...even before we had voted to go to bitfunder!
It seems ever since we all put money into this project, more and more little cuts are being attempted to be taken.
Obviously there are management fees (which we all agreed to) but what seems to be confusing is that it's more a management "cut" than "fees". Fees implied to me that they would be paying for all things management ......
...now slowly and surely little things get added on to lists
...there was talk of setting a pool up ....(% cost was implied)
...a visit to KNC was asked to be paid for ... (I still don't even know what this was for, why, or how it even came about!)
...setup work to install the miners
...listing on bitfunder is no longer free!
...now the hosting has been mentioned at $350 per unit (not confirmed) but that figure is just robbery! ... (I have air conditioned server room, with generator backup, onsite support, email, sms, im monitoring, and I host web and db servers for £60-£90 a month!)
Whilst I do know that Soniq is working hard on this (and it's appreciated) the management fees alone will stretch to many thousands per month ... so comments like "i'm doing this for free" seem a bit inappropriate.
I also appreciate what Soniq has done, but agree that we are being nickel and dimed to death. I feel like 2% of this GB is plenty to manage it in any form whether that be on bitfunder or not. As for the $350 a month to maintain each miner that really does seem excessive. I prefer to list on BitFunder but the proposed fees really do seem unnecessary, as low as they might be. Listing on BF was supposed to be free or I suspect that many would have voted against it.
Larry, I wholeheartedly appreciate the work, commitment and time you have put into this venture. Coinsortium/KNC Jupiter GB/Soniq's GB has already shown itself to be successful-no small feat-but I can't shake the feeling that the exchange listed reluctance has little to do with a trivial ~$20 listing fee.
Nor the 2% management fee (for the group buy), or even the ~$350 (monthly?) fee for KNC hosting.
What this community funded mining collective needs most, at this moment, is an open, amicable discourse right here, about the entity's future path. I was extremely pleased to see the overwhelming response to emails sent out, surprised honestly, but I presume we can all agree that with our hectic day to day lives, it contributes too much clutter towards the inbox.
Why not try to keep the updates in emails while the discussion/motions/opinions/inputs can remain here, allowing us all to build and discuss where we want this KNC pool to shift? Or, if decided, stay stagnate. But please remember, its sink or swim and we can only tread water for so long.
I know I'm not the only member out there with questions or concerns. So fellow investors, please step up and let your voice heard.
Just my 2BTC.
Nor the 2% management fee (for the group buy), or even the ~$350 (monthly?) fee for KNC hosting.
What this community funded mining collective needs most, at this moment, is an open, amicable discourse right here, about the entity's future path. I was extremely pleased to see the overwhelming response to emails sent out, surprised honestly, but I presume we can all agree that with our hectic day to day lives, it contributes too much clutter towards the inbox.
Why not try to keep the updates in emails while the discussion/motions/opinions/inputs can remain here, allowing us all to build and discuss where we want this KNC pool to shift? Or, if decided, stay stagnate. But please remember, its sink or swim and we can only tread water for so long.
I know I'm not the only member out there with questions or concerns. So fellow investors, please step up and let your voice heard.
Just my 2BTC.
Coinsortium as it is called now how grown to much larger and complex than I could have ever imagined, when I started this GB just over a month ago. With the growth has come growing pains.
Communicating effectively has been one. I have opened up several channels for communication, but like you mentioned we all lead busy lives and its hard to commit the time and energy to respond to any and or all.
I am going to create a new forum thread for dealing with events and updates at Consortium. This GB thread has served it purpose, I will still monitor it to check for questions and concerns.
Coinsortium will be needing a mission statement going forward.
"Providing investors with opportunities to invest in BTC related start-ups that promote and nurture a decentralized banking system and currency." (this is not a final draft)
Coinsortium also believes that the income generated by its investments can be used for much more than creating better security and standard of living for its investors. It opens doors to more opportunities.
These new p2p/decentralized opportunities will be investigated and presented to shareholders to present more income, diversity and growth for the group.
I have more plans for Coinsortium going forward, but concentrating on getting our current order of Jupiters mining and paying dividends at the earliest possible time is my main focus right now.
Listing the Coinsortium group shares on Bitfunder will proceed going forward, but without a majority vote it is not a priority.
Coinsortium.org will be presented soon and a new Bitcointalk user Coinsortium will have all soniq's GB merged under Coinsortium username.
Am I the best person to be leading Coinsortium forward? I will be the first to admit that I am not fully qualified in some areas, but with desire, an ability to learn and support from my mastermind group at Coinsortium we will maximize shareholder value now and into the future.
Cheers
P.S. I am open to all constructive and positive discussion in this thread, or any other thread related to Coinsortium going forward
Larry, I wholeheartedly appreciate the work, commitment and time you have put into this venture. Coinsortium/KNC Jupiter GB/Soniq's GB has already shown itself to be successful-no small feat-but I can't shake the feeling that the exchange listed reluctance has little to do with a trivial ~$20 listing fee.
Nor the 2% management fee (for the group buy), or even the ~$350 (monthly?) fee for KNC hosting.
What this community funded mining collective needs most, at this moment, is an open, amicable discourse right here, about the entity's future path. I was extremely pleased to see the overwhelming response to emails sent out, surprised honestly, but I presume we can all agree that with our hectic day to day lives, it contributes too much clutter towards the inbox.
Why not try to keep the updates in emails while the discussion/motions/opinions/inputs can remain here, allowing us all to build and discuss where we want this KNC pool to shift? Or, if decided, stay stagnate. But please remember, its sink or swim and we can only tread water for so long.
I know I'm not the only member out there with questions or concerns. So fellow investors, please step up and let your voice heard.
Just my 2BTC.
Nor the 2% management fee (for the group buy), or even the ~$350 (monthly?) fee for KNC hosting.
What this community funded mining collective needs most, at this moment, is an open, amicable discourse right here, about the entity's future path. I was extremely pleased to see the overwhelming response to emails sent out, surprised honestly, but I presume we can all agree that with our hectic day to day lives, it contributes too much clutter towards the inbox.
Why not try to keep the updates in emails while the discussion/motions/opinions/inputs can remain here, allowing us all to build and discuss where we want this KNC pool to shift? Or, if decided, stay stagnate. But please remember, its sink or swim and we can only tread water for so long.
I know I'm not the only member out there with questions or concerns. So fellow investors, please step up and let your voice heard.
Just my 2BTC.
maybe it should be, if u dont vote it will be considered a yes. . . might make it easier - those who dont want to be listed will vote.
I will submit a proposal to the group via email tomorrow/today (depending which timezone you are in) regarding the issue
maybe it should be, if u dont vote it will be considered a yes. . . might make it easier - those who dont want to be listed will vote.
There have been about 100 names proposed in the emails and I don't know that more than 1 person has voted for the same thing. Can we get a list posted here and a final vote?
I think consolidating some of the info thats been going around through emails/skype/bitmsg(i never set one up)/etc into this thread or even starting a new one would be beneficial!
Well currently we dont have over 50% majority vote so a name will not be an issue
There have been about 100 names proposed in the emails and I don't know that more than 1 person has voted for the same thing. Can we get a list posted here and a final vote?
I think consolidating some of the info thats been going around through emails/skype/bitmsg(i never set one up)/etc into this thread or even starting a new one would be beneficial!
There have been about 100 names proposed in the emails and I don't know that more than 1 person has voted for the same thing. Can we get a list posted here and a final vote?
Just a reminder for all members to check there emails and vote on Exchange listing. Also sent a message via Bitmessage
A non vote counts as a No vote,
Voting will be over in 6 hours
Cheers
A non vote counts as a No vote,
Voting will be over in 6 hours
Cheers
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
-Power supplies will still be extra
-$350 will cover hosting, but not repairs and replacing parts, and currently dont know if there will be an extra installation cost?
They wrote (on 6/3/2013; bolded by me):
Quote from: KnCminer
We will also be offering tailored hosting of our own devices. Hosting packages offered will be specially made for each hosting customer. Please contact us at [email protected] for more information about hosting.
Some benefits of hosting:
No costs for shipping/import taxes
All costs included not hidden extra management fees
Your hardware will be monitored 24/7 by our staff
Your box will hash for you on day one
95% uptime guarantee
For those of you interested in hosting choose Stockholm pickup as the shipping mnethod
We will release final costs soon and if you want to use our hosting that’s fine, if you want to then have the box shipped you can simply pay for the shipping and we will ship your box instead.
Some benefits of hosting:
No costs for shipping/import taxes
All costs included not hidden extra management fees
Your hardware will be monitored 24/7 by our staff
Your box will hash for you on day one
95% uptime guarantee
For those of you interested in hosting choose Stockholm pickup as the shipping mnethod
We will release final costs soon and if you want to use our hosting that’s fine, if you want to then have the box shipped you can simply pay for the shipping and we will ship your box instead.
Why would we pay for repairs or replacing parts of machines/PSU being under warranty?
It's ok to pay after the warranty period (12 months) if mining on them is still profitable then.
But... What is the source of info about PSU not included in 6 x $350 hosting fees?
It would be better to ask them officially all those questions. No NDA is needed for that.
You are stating the obvious, of course there will be no replacement or repair costs while under warranty, but things do possibly break that are not under warranty. Or repairs and replacement once warranty is over
The extra cost for PSU is not a myth, there will be an extra charge for PSU. It has not been determined yet.
NDA was for something totally unrelated to your questions and was explained in email.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
-Power supplies will still be extra
-$350 will cover hosting, but not repairs and replacing parts, and currently dont know if there will be an extra installation cost?
They wrote (on 6/3/2013; bolded by me):
Quote from: KnCminer
We will also be offering tailored hosting of our own devices. Hosting packages offered will be specially made for each hosting customer. Please contact us at [email protected] for more information about hosting.
Some benefits of hosting:
No costs for shipping/import taxes
All costs included not hidden extra management fees
Your hardware will be monitored 24/7 by our staff
Your box will hash for you on day one
95% uptime guarantee
For those of you interested in hosting choose Stockholm pickup as the shipping mnethod
We will release final costs soon and if you want to use our hosting that’s fine, if you want to then have the box shipped you can simply pay for the shipping and we will ship your box instead.
Some benefits of hosting:
No costs for shipping/import taxes
All costs included not hidden extra management fees
Your hardware will be monitored 24/7 by our staff
Your box will hash for you on day one
95% uptime guarantee
For those of you interested in hosting choose Stockholm pickup as the shipping mnethod
We will release final costs soon and if you want to use our hosting that’s fine, if you want to then have the box shipped you can simply pay for the shipping and we will ship your box instead.
Why would we pay for repairs or replacing parts of machines/PSU being under warranty?
It's ok to pay after the warranty period (12 months) if mining on them is still profitable then.
But... What is the source of info about PSU not included in 6 x $350 hosting fees?
It would be better to ask them officially all those questions. No NDA is needed for that.
I think BitFunder should be OK, although after the fiasco of GLBSE I am wary now.
You were going to use the KnC's hosting for the Jupiters, weren't you?
AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
You were going to use the KnC's hosting for the Jupiters, weren't you?
AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
-They are listed just in case, currently still planning on hosting with KNC
-Power supplies will still be extra
-$350 will cover hosting, but not repairs and replacing parts, and currently dont know if there will be an extra installation cost?
One thing that was not mentioned in the voting email is payment of dividends. If we vote yes, those will then be paid into our BitFunder account right? If we are to be able to trade and liquidate them that is kind of a necessary thing.
^This +1.
dividend payments will be paid to Bitfunder account if you vote Yes AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
^This +1.
One thing that was not mentioned in the voting email is payment of dividends. If we vote yes, those will then be paid into our BitFunder account right? If we are to be able to trade and liquidate them that is kind of a necessary thing.
^This +1.
AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
^This +1.
Kinda wish now I could move my securities at BTCT.co over to BF.
for me BTCT.co is much better (I know both and the handling of BTCT.co is much better) 
You were going to use the KnC's hosting for the Jupiters, weren't you?
AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
good question! I can't see why we shouldn't rely on KNC hosting, since:AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
1) new machines could provide hw / sw errors, that could be resolved with more ease by KNC staff.
2) I can't see how we could make everyone agree on a different single hosting location
3) lack of trust (aka foresight)
I think BitFunder should be OK, although after the fiasco of GLBSE I am wary now.
You were going to use the KnC's hosting for the Jupiters, weren't you?
AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
You were going to use the KnC's hosting for the Jupiters, weren't you?
AFAIK, the points 2, 3, 4 and 5 are covered by a hosting fee of $350 monthly per device.
2. Power supplies needed for the miners
3. Shipping costs
4. Setup work to install the miners
5. Incidental repairs and replacement costs
6. (...)
7. Hosting fees for the miners
Aren't they covered?
Do you list them just in case?
Or do you want to host the machines elsewhere?
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