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Topic: [Groupbuy] Jupiter KNCMiner (0.5 BTC shares) (Read 1139 times)

legendary
Activity: 934
Merit: 1000
Hi All,

With the success of our first KnC Miner Groubuy, we've decided to open another one.

You can find all the details here:
https://bitcointalksearch.org/topic/closedgroupbuy-new-batch-kncminer-8-sold-sold-out-238336

If you can't post there or PM yet, just post in this topic, we have it on notify Smiley We're both located in Europe so for the next 8 hours or so we're sleeping Wink

Cheers!
legendary
Activity: 934
Merit: 1000
Good idea since I am 20 shares guy in 12th miner  Smiley
id: 7ffcae3a15cf23f3165e5aaa57e07b3bdcec394c92c29ebe5d61ea8f8d90ac93

Cheers!

Ahh sorry, forgot to check the n00b forum Sad

Cool, I'll add your name to the list!

Good thing I added the email address Wink Knew it would come in handy Wink

Thanks!

@ALL the group buy is closed! Thanks!
newbie
Activity: 4
Merit: 0
Good idea since I am 20 shares guy in 12th miner  Smiley
id: 7ffcae3a15cf23f3165e5aaa57e07b3bdcec394c92c29ebe5d61ea8f8d90ac93

Cheers!
legendary
Activity: 934
Merit: 1000
Is it still possible to buy those miners? I thought the pre-order sell is over?
I would be very interested in buying some shares Smiley

There was some confusion as to when it would close. It closes midnight CET. So in 2,5 hours.

https://www.kncminer.com/news/news-17

Cheers
member
Activity: 476
Merit: 10
We are going for the 12th miner, see the main thread for more info.



Is it still possible to buy those miners? I thought the pre-order sell is over?
I would be very interested in buying some shares Smiley
hero member
Activity: 602
Merit: 500
We are going for the 12th miner, see the main thread for more info.

legendary
Activity: 934
Merit: 1000
We don't have the definitive numbers yet. In the other post you can find a screenshot of KNC where they say they believe all order to be sent in september/october. Plus the fact that u buy shares on the 10th miner doesn't matter. All share are equal so as soon as we get the first miner shares will be payed.

Cheers
member
Activity: 84
Merit: 10
What's the order number of the tenth Jupiter? Thanks!
KSV
sr. member
Activity: 398
Merit: 250
SVERIGES VIRTUELLA VALUTAVÄXLING
follow up - i bought in the GB Smiley

with lots of others!
legendary
Activity: 934
Merit: 1000
Up Smiley

as can be read here https://bitcointalksearch.org/topic/m.2424216, we are halfway the 10th miner.. If we sell another 14 shares we will buy the 10th miner straight away. The remaining 50 shares will be sold as well but without the pressure of needing to buy the miner Smiley

Cheers!
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
Here is the official KNCMiner thread,

https://bitcointalksearch.org/topic/swedish-asic-miner-company-kncminercom-170332

In the middle of this thread is the results of the open house that they hosted at OrSoc,

https://bitcointalksearch.org/topic/m.2382650

After that open house, pre-orders exploded, but do your own due diligence and make up your own mind, I did.
hero member
Activity: 602
Merit: 500
We bought the 9th miner now and going for the 10th miner. See main thread for updates
hero member
Activity: 602
Merit: 500
We just bought the Eight miner. And we already have some shares into the miner09
https://bitcointalksearch.org/topic/groupbuy-jupiter-kncminer-05-btc-shares-12-sold-closed-227400
newbie
Activity: 11
Merit: 0
Looking forward to delivery!
legendary
Activity: 934
Merit: 1000
Hi Zulufields,

Your questions haven't been asked but that's probably because the answer is quite difficult.. I'll try to answer all of them:

- Expected costs of hosting per share
We are looking at different options in Holland and Norway. We don't know what the costs of hosting at KNC yet. It looks like hosting a single miner will cost around € 400,- euro a month (this is a really rough estimate). Mainly because racks usually have 32Amps and one miner uses almost 5 Amps. It mainly depends on final power usage numbers; heat and size since those numbers aren't 100% sure yet.

- hardware failure prediction estimate
No we don't. Although we believe that it will be possible to replace parts of the device if broken. This is one of the reasons why we want to have as much miners as possible to spread risk. It's probably possible to tune the machines; we will do that only if we know for sure it doesn't shorten lifespan.

- returns per share over next 24 months
This is the most difficult question. At current difficulty one Jupiter will mine 11.2793 BTC a day (Look here for calculations http://www.bitcoinx.com/profit/). That means break even within a week. However there's no way to tell what the difficulty is going to be when we get the miners. Last few times difficulty went up between 10 and 20% per ~two weeks (http://bitcoin.sipa.be/). With 15% per two weeks difficulty will be around 300% of what it is now so payout will be 3.7768 BTC a day which means a break-even of 18 days. Look at the numbers mentioned above and play a bit with the numbers.. Realise yourself though that these miners themselves will have a huge impact on the difficulty.

Hope this helps,
Cheers,
member
Activity: 85
Merit: 10
I know this question may have been asked but what are your expected costs of hosting per share ? also do you have a hardware failiure prediction estimate ?
and any predictions on what you could hope to give as a return per share over the next 24 months ?
thanks I am really considering this.
legendary
Activity: 934
Merit: 1000
and sorry but i had to ask that Q Cheesy
If I were you I'd ask the same.. Smiley No offence taken whatsoever!
KSV
sr. member
Activity: 398
Merit: 250
SVERIGES VIRTUELLA VALUTAVÄXLING
and sorry but i had to ask that Q Cheesy
KSV
sr. member
Activity: 398
Merit: 250
SVERIGES VIRTUELLA VALUTAVÄXLING
well thats a good question. I guess that burden falls on you, if you find a way let me know as well - i would like to gain the trust i have in reality in this community too.

*grin* well in real life as well as in this community trust is one of the hardest things to quantify I guess..

We decided against escrow because that would cost 1,5 - 2 %. the only guarantee an escrow would buy you is that the money was actually send to KNC. We've proven already that we send the money for the last miner to KNC here:
https://blockchain.info/address/1BtCTqdmmeW5bj9omPBWR22gS8RXb7xEV2

That's the best proof we can give untill KNC confirms the order and we can post a screenshot. (which offcourse isn't 100% proof either).

The real "risk" in this deal is not in trusting Blastbob and me (especially me; cause I don't believe in privacy anyway so it should be quite easy to find out who I am IRL) but trusting KNC to deliver what they promise when they promise.

Hope this helps Smiley

it does Smiley thanks
hero member
Activity: 602
Merit: 500
Miner 6 and 7 is bought. We are working on the miner08 now. yay.
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