As more ASIC's come on line the BTC prise will fall as the new BTC's are generated too quickly / easily and sold cheaper so investors can get an understandable early return on their investments.
More hash power doesn't mean more BTC generated!
Topic: [Group Buy]12 KNCminer Jupiter's 15 Sold [Closed] Jupiter Pool - page 33. (Read 75560 times)
As more ASIC's come on line the BTC prise will fall as the new BTC's are generated too quickly / easily and sold cheaper so investors can get an understandable early return on their investments.
More hash power doesn't mean more BTC generated!
It's pretty clear in the original post:
As 'early adopters' you managed to capitalize on the BTC2.00 share price instead of paying BTC2.25
That and you got in early enough to avoid 'missing out' at the tail end of the buy-in. Remember, 30 full shares need to be purchased for a Jupiter to be ordered.
Quote
Each share entitles the owner to 1/360th* of the BTC proceeds from the group of 12 KNC Jupiter's mining 24/7 till no longer profitable or sold (less expenses and management fees)
As 'early adopters' you managed to capitalize on the BTC2.00 share price instead of paying BTC2.25
That and you got in early enough to avoid 'missing out' at the tail end of the buy-in. Remember, 30 full shares need to be purchased for a Jupiter to be ordered.
3 Shares
TX ID ad20b8cc487f506b8c936651097ad514128356bac091ff59bf3eb2b61fa72610
TX ID ad20b8cc487f506b8c936651097ad514128356bac091ff59bf3eb2b61fa72610
+1
Early supporters should be rewarded earlier
I deliberated for a number of hours and sent my (hard earned GPU mined) BTC in blind faith, as this was a few days before John K had verified soniq's identity - at which point I felt a lot easier about my investment.
If the returns are near the 11.44gh's per share, I'll be extremely pleased with this investment
I believe the risks now are :-
As more ASIC's come on line the BTC prise will fall as the new BTC's are generated too quickly / easily and sold cheaper so investors can get an understandable early return on their investments.
Satoshi throws his fortune in the ring (Another price crash)
The US Govt - Doing what the US Govt does (Rich from a Brit I know..... Where everything is illegal!) But we need USD flowing into GOX / Other exchanges.
KNC doing a BFL!!!!!! (This is the big one for me)
Early supporters should be rewarded earlier
I deliberated for a number of hours and sent my (hard earned GPU mined) BTC in blind faith, as this was a few days before John K had verified soniq's identity - at which point I felt a lot easier about my investment.
If the returns are near the 11.44gh's per share, I'll be extremely pleased with this investment
I believe the risks now are :-
As more ASIC's come on line the BTC prise will fall as the new BTC's are generated too quickly / easily and sold cheaper so investors can get an understandable early return on their investments.
Satoshi throws his fortune in the ring (Another price crash)
The US Govt - Doing what the US Govt does (Rich from a Brit I know..... Where everything is illegal!) But we need USD flowing into GOX / Other exchanges.
KNC doing a BFL!!!!!! (This is the big one for me)
As no.1 on the list I totally agree 
Soniq,
Could I just clarify that proceeds will be shared out prorata form ALL delivered Jupiters to ALL shareholders.
By that I mean if the first 2 jupiters get up and running first then will all shareholders be getting shares from that moment.
I presume that the jupiter number that a shareholder has contributed towards (e.g. 2nd on your documents) is purely for your own administration and letting us know where you're at.
Is this correct?
Many Thanks
Could I just clarify that proceeds will be shared out prorata form ALL delivered Jupiters to ALL shareholders.
By that I mean if the first 2 jupiters get up and running first then will all shareholders be getting shares from that moment.
I presume that the jupiter number that a shareholder has contributed towards (e.g. 2nd on your documents) is purely for your own administration and letting us know where you're at.
Is this correct?
Many Thanks
I have have clarified this in OP. That priority will be given to shareholders in order they invested in case of partial delivery.
My reasoning is that this GB is not an recognized equity/offering, but a combined effort to buy 12 Jupiter miners. Therefore your share purchase is buying a portion of earnings from one or more Jupiter miner. .
Surely everyone should get a share of each and every miner that starts hashing, that is what a group buy for shares in 12 (or part thereof) jupiters is.
Otherwise we have just invested in a group buy of 1x Jupiter, of which you are doing 12 times!
+1
the early bird gets the worm, always. Sonics initial plan seems fair, IMHO, to reward the 1s who got in earlier than the rest. The risk is much higher when no1 is in the game yet - once the ball is rolling the mob mentality kicks in and makes it easier for the rest to join in.
Payment sent for 1 additional share
https://blockchain.info/ro/tx/459fd30dfcf5a75fbf40b85fbd6723549d9f363548dab95ea962482c07b074e4
https://blockchain.info/ro/tx/459fd30dfcf5a75fbf40b85fbd6723549d9f363548dab95ea962482c07b074e4
Payment sent for 3 shares
https://blockchain.info/ro/tx/fb96ba775cac39e380f1ad220a3aec5058143d5a7a30abe9986b3fd5459e47b6
Thanks
https://blockchain.info/ro/tx/fb96ba775cac39e380f1ad220a3aec5058143d5a7a30abe9986b3fd5459e47b6
Thanks
Appears that way, will clarify with KNC.
If we need to buy, the group will need to buy 12 PSU
If we need to buy, the group will need to buy 12 PSU
https://www.kncminer.com/categories/miners
So it looks like you may need a 1000w ATX PSU for each Jupiter
Quote
This device is being designed in parallel by the ORSoC engineers and will offer industry leading performance and power consumption per GH.
The final specifications for this device are being ironed out now but we can confirm the following.
Minimum 350GH/s per device.
28nm Standard ASIC
Maximum 1000w
Shipment begins in September
The final specifications for this device are being ironed out now but we can confirm the following.
Minimum 350GH/s per device.
28nm Standard ASIC
Maximum 1000w
Shipment begins in September
So it looks like you may need a 1000w ATX PSU for each Jupiter
On their website:
https://www.kncminer.com/products/jupiter
This device is being designed in parallel by the ORSoC engineers and will offer industry leading performance and power consumption per GH.
The final specifications for this device are being ironed out now but we can confirm the following.
Minimum 350GH/s per device.
28nm standard cell ASIC Chips (which are being designed exclusively for KnCMiner by ORSoC).
An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied.
Water cooled setup.
Modular Design allowing for expansion at a later date.
Embeded Linux device to allow for standalone mining.
Shipment begins in September
This device will require an ATX power supply
https://www.kncminer.com/products/jupiter
Quote
This device is being designed in parallel by the ORSoC engineers and will offer industry leading performance and power consumption per GH.
The final specifications for this device are being ironed out now but we can confirm the following.
Minimum 350GH/s per device.
28nm standard cell ASIC Chips (which are being designed exclusively for KnCMiner by ORSoC).
An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied.
Water cooled setup.
Modular Design allowing for expansion at a later date.
Embeded Linux device to allow for standalone mining.
Shipment begins in September
This device will require an ATX power supply
Just a quick one, have you factored in the purchase of a ATX psu for each Jupiter? 
Not sure of power source, where did you read this information?
Just a quick one, have you factored in the purchase of a ATX psu for each Jupiter?
Payment sent for 1 share - BTC2.25 sent
Transaction ID: 3c2d3f0509df8d6a97637f4487eb81c9b0384937318ba3c89ce6ef5dfdfdcdc2
Transaction ID: 3c2d3f0509df8d6a97637f4487eb81c9b0384937318ba3c89ce6ef5dfdfdcdc2
Payment Sent for 1 share - 2.25BTC
Txid: f154931c1d495b12d3dc9b8382f115686ec7286bf144b59df7c33e0ce21efbc9
https://blockchain.info/es/tx/f154931c1d495b12d3dc9b8382f115686ec7286bf144b59df7c33e0ce21efbc9
Txid: f154931c1d495b12d3dc9b8382f115686ec7286bf144b59df7c33e0ce21efbc9
https://blockchain.info/es/tx/f154931c1d495b12d3dc9b8382f115686ec7286bf144b59df7c33e0ce21efbc9
2 shares order --4.5 BTC
TxID: 43cee528342c5031c5f574510c7a3bf2f8d042ed5d116e4a6467a406fb362f90
TXID: 453acc9630f81df3e4ce5a16774ed1edaa24b504f36dcb61d47c3f506b33d627
2 shares - 4.5 BTC
2 shares - 4.5 BTC
All added to OP, please send email addresses so I can add you to spreadsheet
Thank you for contributing
2 shares order --4.5 BTC
TxID: 43cee528342c5031c5f574510c7a3bf2f8d042ed5d116e4a6467a406fb362f90
Sent correction 0.008 BTC
TxID: 4341a850729d49da3f7e02e94960961b6036ce444665b7c41dfc8fe2a3332521
Payment Sent for 1 share - 2.25BTC
Txid: f154931c1d495b12d3dc9b8382f115686ec7286bf144b59df7c33e0ce21efbc9
https://blockchain.info/es/tx/f154931c1d495b12d3dc9b8382f115686ec7286bf144b59df7c33e0ce21efbc9
Txid: f154931c1d495b12d3dc9b8382f115686ec7286bf144b59df7c33e0ce21efbc9
https://blockchain.info/es/tx/f154931c1d495b12d3dc9b8382f115686ec7286bf144b59df7c33e0ce21efbc9
2 shares order --4.5 BTC
TxID: 43cee528342c5031c5f574510c7a3bf2f8d042ed5d116e4a6467a406fb362f90
- ONLY use sending addresses you fully control. I will use the sending address for BTC payouts for your share ownership and if you request change of payout address I will require that you can sign your share purchase address to make this happen OR I WILL NOT CHANGE THE RECEIVING ADDRESS. This is for your own protection.
Can someone help me what this means? I thought we only can control the receiving address? How do we control the sending address? What does this mean?
I think I found it. Is it under --File --Sign Message --Tab? Is this correct?
You only can sign from your owner adress from a wallet.
- ONLY use sending addresses you fully control. I will use the sending address for BTC payouts for your share ownership and if you request change of payout address I will require that you can sign your share purchase address to make this happen OR I WILL NOT CHANGE THE RECEIVING ADDRESS. This is for your own protection.
Can someone help me what this means? I thought we only can control the receiving address? How do we control the sending address? What does this mean?
I think I found it. Is it under --File --Sign Message --Tab? Is this correct?
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