Topic: [Groupbuy] Jupiter KNCMiner (0.5 BTC shares) 12 sold! [CLOSED] !!! - page 6. (Read 33236 times)

Hey btceic,

We would have done that already if we could, but unfortunately there are a few reasons why we haven't.

First and most important is the delivery date. As you know we treat all miners in one groupbuy the same, but miners from groupbuy 2 and 3 are "different" from groupbuy 1. Reason being the delivery date. It wouldn't be fair to the early investors of groupbuy 1 to already issue the shares on groupbuy 2 and 3 because we would no longer have any means to payout dividend only to group 1, 2 or 3.

Second is the BTC/USD difference on each miner we still have to repair on first dividend. These averaged over each groupbuy. GB 1 and 2 still owe an amount of BTC due to that difference, GB3 are owed. If all shares would be issued now there would be no way to change that difference anymore.

Now as soon as we have a definitive delivery date on the miners from all three GB's we can decide whether or not we want to change this tactic. We are planning to drive to Sweden to pick up the first batch and it might make sense to pickup the day 2 miners all in one go even if that means we start hashing a little later on the first miners. We think shipping it would still take two business days so we'd still have them all earlier than if we shipped them. If that's the case we can basically issue the shares (no GB 2 at least) straight away. The BTC/USD difference between GB 1 and 2 is small enough to overcome that if need be.

Lastly we've discussed with Bitfunder the possibility of listing GB2 and 3 as seperate IPO's (even though we didn't want to do that), but Ukyo was strongly opposed to that, so that road seems closed as well for now.

We're doing our best to get that delivery date asap so we can issue the shares and we hope that we receive a definitive date pretty soon but until that time our hands are basically tied.

Cheers,

what is the rationale for not putting the rest of the shares on bitfunder?
I would like to call a vote on this, do other people want the rest of their shares now or do you guys want to wait until delivery?

what is the rationale for not putting the rest of the shares on bitfunder?
I would like to call a vote on this, do other people want the rest of their shares now or do you guys want to wait until delivery?

any thought of adding up hardware with non-knc stuff like hashfast/cointerra?

Day1 and Day2 seems to be September.. Rest is October. Hopefully we get some concrete dates in the next 2-4 weeks

Any idea when "day1" shipping date is? Still august right?

It’s time again for another newsletter from us. Today’s newsletter will have the following sections

1.  Reseller agreement
2.  November Pricing
3.  Development progress
4.  Hosting update
5.  Pre-configuration options
6.  Upgrade removal
 
Reseller agreement
 
We would like to announce the beginning of our reward based reseller program. Anyone can become a registered reseller of our devices. The rewards are simple, for every 10 sales of one individual device you will receive one of the same items for free. For example, provide us with 10 Jupiter sales and we will ship you a complete Jupiter free of charge. Sell 10 Saturn’s and we will ship you a Saturn free of charge the same applies for Mercury devices.
 
It’s that simple!
 
To register as a reseller simply contact [email protected] . We will then provide you with a reseller ID, and then all you have to do is get people to click on a special link in the format of
 
https://www.kncminer.com/?resellerid=xxx Where xxx = your reseller ID number.
 
You are free to advertise your own personal link on any site/forum/portal you wish. We will soon be providing an online report where you can view your sales, but for now please contact [email protected] and we can provide you with a sales report.
We will also be providing sample banners and images shortly. All registered resellers will receive a copy of the banners when available.
 
November pricing
 
With difficulty increasing the way it is, we would like to give an indication of a November price drop. Currently all orders placed and paid for will ship in October, and yes, we still have space within October for more orders. However, as soon as this is no longer the case we will adjust our prices for November accordingly.
 
To give you an indication on the forthcoming price drop a Jupiter device will cost less than 5000 USD. More information will follow on this when October shipping becomes full.
 
Development progress
 
While we wait for the chips to finish production, we have some news on the development progress, and it’s good news. We have been continuously testing our design to get the best out of the chips. We would like to say, that while the spec of Jupiter will remain a guaranteed minimum 400 GH/s we can confirm that we are expecting to be over that mark by a considerable margin.
 
Hosting update
Hosting has become quite popular and we are filling up fast for September and October devices. Space is becoming limited, so for those of you wanting to host with us we recommend you order hosting as soon as possible to avoid disappointment.
 
Pre-Configuration Options
 
There has been a small update made to our webshop. You will now have the option to enter your Pool preferences with wallet address and/or worker Name ID. We would like to invite all customers who wish to preconfigure their devices to return to the site, login to our shop and enter your details. The new fields can be found under the “my account” page.For people with orders of multiple devices who wish to preconfigure, you can enter one [worker name] we will then add _[xx]  which will be automatically configured on all of your devices before they leave our factory. This means that all you have to do is plug them in and walk away.
 
Upgrade removal
 
For people wishing to take advantage of our current upgrade process you have one more week left, as of next Friday this option will no longer be available to any customers.
 
Thanks
KnCMiner team

szmarco and tyrion please enlighten me. Why would a US hosting/mining company Terrahash( I dont want to say that to loudly) charge significantly less per month with a similar kind of box, I also seen other hosting sites charge less too, Is the electricity that expensive in Dutch country.

TerraHash DX Large: $50.00 per month/unit.

We have a short status update for everyone.

Shipping days
As most of you are aware we have added Day 1 or Day 2 to the orders which were based on pre-registrations. This is mostly complete now with only a few exceptions needing to be solved. Going forward we will add Shipping weeks to the other orders such as Week 1 or Week 2.  This will happen nearer the end of August so until then you can assume that shipment queue is based on payment date.

Chip progress
We get a lot of questions about where we are in the process of our production. We would like to assure you all that we are on track for the first shipment in September
The Chip manufacture is currently in production of the Chips and all other sub components that need to have been ordered at this stage have been.

Hosting
We have our final costs for hosting which will be 350USD per Jupiter per month with a 6 month contract as a minimum, We will only allow the Jupiter models to be housed in our secure location.
There will be a mining pool onsite that will charge a very low pool fee around 2%. Only hosting customers will be allowed to use our mining pool.
More information on the hosting will follow

Upgrade Modules

We will be adding to our shop the upgrade modules to allow customer who have purchased a Saturn to upgrade their order to a Jupiter. The same goes for a Mercury upgrade to a Saturn. These upgrades will be available in the next few days.

Same here, i have also problem on Weexchange with 2-Factor. They have strange interface for that. Hope support will get me out of trouble, but i am already waiting for about 14 days