Topic: [Groupbuy] Jupiter KNCMiner (0.5 BTC shares) 12 sold! [CLOSED] !!! - page 25. (Read 33090 times)

Thanks tyrion70, yes that cleared it up for me.

I understand the confusion.. I couldn't write it down more clearly cause I don't know how many miners we'll buy eventually..

I'll try to rephrase:

Each share gives the right to 1/124th of proceedings of one (1) miner. The proceedings are calculated over all miners. So if we sell 8 miners you receive 1 / (124*8 ) of proceeds of all 8 miners...

Because of our IPO intentions we have to treat all shares as equal. Also this deals with "bad luck" in case one of the miners breaks down and needs repair etc..

Hope this clarifies..

With regards to your payment. Thursday is to late. The pre-order closes monday and this groupbuy tomorrow night (GMT) as stated in starting post. We can reserve shares in case you want to pay before closing time but not after I'm sorry.

Cheers,

EDIT removed the in the calculation

The two statements above contradict each other.

1) You state that each share gives us the right to 1/124th of the proceeds from A KNC Jupiter Miner.

2) It sounds like each share will receive 1/124th the proceeds from ALL miners

So which one is it?

8 Miners @ 350 GH/s == 2.8 TH/s / 124 == 22.58 GH/s for 0.5 BTC?
Or is it
350GH/s / 124 == 2.82 GH/s for 0.5 BTC?

If it is the former I will buy 4 shares payable on Thursday when my coinbase purchase comes through

Mabsark, Afro25 and mxmz.in confirmed! I'll update the start post now. We're now selling for the 8th miner already!

EDIT: @22naru; we will do our best to get it up on btct.co as soon as possible but we strongly believe in "first time right". I do believe it should be possible to do this this month (if btct.co is that quick on an IPO, not sure about that)..

Cheers,

I'm taking the last share, topping mine shares up to 4

Tx:e1b7357f06c2a18ed9ad249c5c440413794b470e40559145a38c13c6160de4d9
My addr for payments: 1AQU9nV9Nh5ZwdSnDdCvyhcBDM4dz3nDvi

as an investitor i'll be more confident in what you sold us ,if you'll make this IPO on btct.co, next weeks if is possible and you have time . cheers

Paid for 3 shares & sent a PM

Payment sent for 1 share.

Tx ID: e45336c4abe72d925c2ff9803125582f04aca95fb11553eb58c1bdaff9b0bfb2

Allright everything has been added up. 2 ordered shares haven't been paid so we have 119 actual sold shares (121 ordered). As soon as Blastbob is awake we will be paying for the 6th miner..

You can start ordering shares for the 8th miner now (since we already bought the 7th last night).

I'll be back online around lunch..

Cheers

Good morning!

Just woke up, have to dress my daughter and give her some breakfast before I can tally up everything.

@Logicbomb666: trust is a difficult thing. You give different example, for which there are different answers. As for identity confirmation, I have no problems whatsoever showing my identity to John or another trusted member. We decided against escrow because it's expensive and doesn't really prove anything. Escrowing these miners would cost 1.5-2% and would eventually only prove that your money was send to KNC, which we've proven with the screenshots and transactions as well..

So we can't run with the money, it's all at KNC's.. As for the last question, running with the dividends, there is no way we can prove we won't do that unfortunately.. Which brings us to the most important risk, being that we also don't know that KNC delivers on time or at all. We took that chance ourselves (so far with a lot more money than in this groupbuy) so you could say we trust KNC. This and the fact that we can't prove we won't be running off with the dividends makes me more convinced we did the right thing in not using and escrow service for the groupbuy.

I short, we simply can't give you more reinsurance than we already have other than the reactions about us in the topic and on the forum so far. You said you asked this because this is an investment you could afford. I want to stress that you should never take a risk with money you can't miss, trust or no trust, this investment still has risk.

Now i'm really going to give my daughter some food

I'm not trying to be a dick or anything, but you haven't answered any of my questions.  I am mainly asking because this is an investment I can actually afford and am interested in.

You have shown images that suggest the preorders have been made, but that part I do not question.  I'm wondering what stops you and your partner from running of with our bitcoins and/or keeping the mining revenue for yourselves.
**edit -  ... other than the fact your a hero member.  Do you have some previous business ventures that show a history of trustworthiness?

Your the first one asking. I have tried posting as much info/proof regarding the orders and will continue doing that.
Tyrion and me have no problem showing whats needed for John K or someone with the same status.
There is no hidden agenda, and we will be as open as possible.

I find it odd you have received over $10,000 worth of bitocins without a single post asking for identity confirmation, escrow services, or any type of re-assurance you wont take the BTC and run.  Or even just not pay dividends once hardware is received and hashing.  

Do you have any previous dealings that could help account for your reliability and honesty?  Please explain and prove your credibility.  Thanks!


*edited for typos.

4 share  ( 2 bitcoins)

transaction ID is:
81837388951346174b5395367783f578e819086a4dd37b6fb778b345a8bb30ff

wallet

1DxF8ABAdJdENKaTkn6VfBQ7Us3JXeHmBS

6 shares

TX ID:
2d5c1b7e45b466553a7238ec974ed4b35ba8e27f51eaaf86668483241b9e8dfd

Thanks!

tx : a8094a6c556f079c37c63cf9213d488e89e8fc28b809fda0418c2567f732f6e0
 for 17 shares
and i send another 1.5 btc form btc-e.com for 3 shares
#43974905    -1.51 BTC    Withdrawal BTC to address 1BtCTqdmmeW5bj9omPBWR22gS8RXb7xEV2

i wish to have payment addy : 1Lm1rsj7aEPvB3m27tgvwCYxhasFxL38Wq
 cheers.

3 shares

TX  6bc50f1ecc58ce6b4619e03f6bbae6896deb9390e6f9707390d79aa79a159b98

1MXJhz5m5R4zhvdqrZe45xkFigyEiT7UjZ

cheers

Payment sent for 2 shares

txID: 4e16c1cad2c84fa72f2b8bb3a443d857b12e988672392f7cfa5b53c5d49e538b

I'm in for 6 shares

Transaction ID: 7f2516de0f0d030f45dd3ddcbfce24f95cca25924953313d6fd06eaee98f14c7

w0lfm4n

Sent BTC3.000333 for 6 moar shares!

TXID d9d8e2bab408251abdc1d754f7a66109d9cbcfcdbe1995da9c6dd0d5dfe609a1