Topic: [Groupbuy] [UK] Titan KNC Miner (Postponed) [OPEN] 25MH Shares (Read 3823 times)

Yup refund received, thanks

Yes, this was too bad.


I have received my refund. Thanks!

I would love a complete unit, but I think I'll invest buying BTC here and there instead.

Hi guys,

I have kept quiet for the last few days as I was hoping as BTC was climbing the last few days we might have a spike to justify keeping it going, but I can see now that really isn't going to happen quick enough to satisfy any of us.



Can you all send a signed message from an address you all would like to receive the BTC back.

If you cannot provide a signed message, I will return the BTC only to the address it came from.

Sad to see everyone pull out but really doesn't look like this is going to happen quick enough for everyone.

Due to the delays myself (4.4 BTC) and werwohl (2.2 BTC) have both requested a refund. I requested a refund at 12:55 GMT 2014-04-04, from what I can see werwohl requested a refund at 11:05 GMT 2014-04-03.

Mogumodz has been online multiple times since and has not responded, but he has been able to update the listing to show that more shares are available.

The deposits can all be seen at https://blockchain.info/address/1G4JCpyyc8wVZBpeKdfN6GEs1DPVfSGnF6 and none have been refunded.

At this point I'm happy to accept this is just a temporary delay, but I feel I should warn other users who are considering depositing to hold off until this situation is resolved.

I'm fine with that personally. Doesn't look good ATM

Sorry, I don't see this Groupbuy happening soon. The two options are:
1) Wait for the price to go up
2) Raise the price for each share

Please send my BTC back, but I'd like to keep my slot reserved for any future changes. I might also be willing to pay more BTC if everyone agrees on that.

Hi There:


OK all seems in order.


2.2 BTC sent.

https://blockchain.info/tx/87e8035404edeae354eb8b8b43b27705caf94350bcdc637fc0b6f190ce7d7883

I would hope they will ship around June - July but would think a more conservative thought would be August.

As for difficulty, I'm sure a lot of scrypt coins will rise in difficulty. Our miner we're purchasing will simple be auto switching to the most profitable coin and selling for BTC instantly.



I just noticed this yesterday, which is great news! KNC have raised the bar again for others it seems to follow.



Around $600 / BTC, we'll be back there shortly enough imo.


I am also home from hospital now. So will be much more active than I have been.

What price does btc have to get back to for you to buy?

Hope you get well soon! KNC announced their Titan with minimum speed of 250 Mh/s now
How many BTC are missing?

My goodness you are trooper Mogu! Get well soon.


What are your thoughts on when these will hit market--June?

I also wonder what effect you think this will have on difficulty, given that 625 THz will hit the market all at once? That said, do we still have a chance at first batch? 

Are you going to go onto clevermining?



Sorry for all the questions, but just assessing before I tie up my remaining BTC for the next few months.

The miner hasn't been ordered yet as I'm sure has been mentioned before, once all shares are sold the miner will be purchased.

Sadly when the thread was moved from the group buy section things seemed to slow down A LOT, I was expecting 2 or 3 days max then I would order the miner (estimates are from the rate the first few shares were reserved and sold in the group buy section as I was the first group buy for a Titan on tis board).

I'm currently doing this all from a hospital bed now and have been here for the last 7 days after having surgery last Tuesday (fun stuff).

All funds are protected and safe, but as the Bitcoin price has lowered somewhat since I started this group buy, we simply have to wait till it rises or as I have said before people can always request their Bitcoin back if they wish up to the point of order from KNC.

There is no hosting fee taken from your payments, you and all other group buy members shall receive 1/10th of the entire proceeds from the miner (assuming no 5mh shares are bought by someone for a 1/20th stake, which currently none have been).

As I own one share myself I do no charge any fees for hosting or electricity, afaik I am the only group buy organiser who does this, I may be wrong on that though as I don't go around reading every thread these days.

Id like to reserve, If there is still availability?

Hey Mogu:


Just want to know the same before I send payment.

Also, you have already ordered this upfront, correct?

I would like to reserve one 1/10th share. Is there a hosting fee and/or electricity costs deducted from the payout total?

That's correct, 1/10th share will be 10% of the total hashrate of the miner upon delivery, not just the examples given in the first post. unless it is exactly a 100MH miner. (fingers crossed for more hashrate from KNC like the last few times)


Reserved, I have also updated the Google Doc and first post.

Could any members who have reserved shares please Send 2.2 BTC per 10MH share to address: 1G4JCpyyc8wVZBpeKdfN6GEs1DPVfSGnF6

And also PM me the TX id of the payment.

I would like to reserve 2.2 BTC share.

Please reserve two 1/10th shares for me Can you confirm that you'll be dividing the full hashrate and not just the originally quoted hashrate (i.e. I'll get 50MH/s, not 20MH/s)

I haven't done much on this forum before now but I've been lurking and mining/trading for a good few years now

I guess payment is only required once all shares are sold?

Reserved, I shall amend the google doc when home in a couple of days.

10mh please