We've asked John K to verify our identities. You can find his posts here: https://bitcointalksearch.org/topic/m.2618021Miner 1: 240/240 shares sold
Miner 2: 240/240 shares sold
Miner 3: 240/240 shares sold
Miner 4: 240/240 shares sold
Miner 5: 240/240 shares sold
Following our 2 successfull earlier KNC Jupiter groupbuys, we decided to start another groupbuy.
This groupbuy will stop after 5 miners are bought and payed for. We'll start a new one after that. The 5 miners will be treated as a group for BTC/USD currency losses. That means, any difference in price on the 5 miners in total will be payed back or withheld at first dividend.
We are still splitting miners into 240 shares. Price is set at
0.35 BTC per share.
Our groupbuys are special because of our ADDICTION asset on Bitfunder. Once hashing these 5 miners will become a part of the ADDICTION network, just like the previous groupbuy
Because delivery of these miners is later than the first (possibly two) batches, we can't and
won't issue new ADDICTION shares until these miners are delivered and running.
Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 400GH which would mean for every share you'd receive 50 ADDICTION shares, regardless of the actual price at that time.
This ensures that ADDICTION share value does not dillute but still represents the same hashrate (currently predicted at 32.26MH per share). You can choose not to have your shares converted to Bitfunder. In that case we'll just payout to your btc address. Your shares will still be part of the ADDICTION network, just without Bitfunder.
If you need to contact us we can be reached by email at p2poolnl @ googles email . com
Also check out the updates at
http://p2pool.nl/blog/Just like in the last groupbuys we will be buying shares of this groupbuy ourselves
We expect that you have read up on KNCMiner and what its about.
https://bitcointalksearch.org/topic/kncminer-openday-wednesday-5th-monday-10th-june-214285https://bitcointalksearch.org/topic/swedish-asic-miner-company-kncminercom-170332You can also read up on the old groupbuy
https://bitcointalksearch.org/topic/groupbuy-jupiter-kncminer-05-btc-shares-12-sold-closed-227400and
https://bitcointalksearch.org/topic/closedgroupbuy-new-batch-kncminer-8-sold-sold-out-238336For more details on the IPO and details of costs involved look on Bitfunder:
https://bitfunder.com/asset/ADDICTION (click profile-> description)
Shares
Each share is only 0.35 BTC. Each miner is divided into 240 Shares.
1 Share gives you the right to 1/248th of the BTC proceeds from a KNC Jupiter Miner mining 24/7 after deduction of costs. The remaining 8 shares will be owned by OP as payment for maintaining the miners.
Payment will be based on the proceeds from every individual miner until shares are issued to Bitfunder. Once the miner is added to the ADDICTION network each share is calculated over the total ADDICTION network
The miners will be most likely be hosted at a datacenter in the Netherlands.
When mining is not profitable anymore, we will attempt to sell the miners or find another use for them. Any proceeds thereof will be distributed as dividend.
How to buy shares
You need to send 0.35 BTC per share and post the TX id in this thread or PM. Make sure you own the send address used. We will use the sending address for payouts. Change of this address is only possible with a signed message from that address.
IMPORTANT, if you want to convert to bitfunder, please inform us of your Bitfunder ID (if we don't have it already). If you don't want to convert to bitfunder, ensure you send BTC from an address which is owned by you. Using online wallets is not recommended. We ask this because we will use the from address for payouts. You can request an address change only with a signed message.
If you are unable to send from a private address please contact us through PM BEFORE transfering your money. We'll give you a random numer of satoshi's to transfer along to prove it's you.Miners will be divided into 240 shares. For each lot completely filled an actual payment to KNC will be done. This groupbuy will stop once 5 miners are bought.
In case of non-delivery
We believe KNC will keep its promises. In case KNC does not deliver we will do everything in our power to refund your (and our own) investments. We cannot guarantee this however. Buying these shares means you agree to not hold us responsible in case KNC does not deliver.
In case of hardware failure
We believe the gear should be able to run 24 months, but since there are no working devices yet we simply don’t know. In case of hardware failure we will have KNC repair or replace the machine. Any costs involved will be deducted from payment as costs.
Appropriate Payment Address 
1BuYkNC9h1EKUHeiB3t2jyUydR4yYSsiy6
Dividends
Payouts will take place bi-weekly. Statements will be made available on
http://p2pool.nl/blog/Payment on shares will commence the miner attached to the shares is delivered.
Until shares are actually issued to bitfunder, it is possible to transfer ownership of your shares. We will however charge a 0.1BTC transfer fee (per transaction) for this. If you decide not to transfer the shares to bitfunder, this transaction feel will be kept in place.
Who are we
We are Tyrion70 and Blastbob. We’re from Norway and The Netherlands and decided to team up on a number of ventures (p2pool.nl being the most prominent). Since we both very much liked the KNC offering we wanted to offer this to a bigger public.
We've completed two other KNC groupbuys where we bought a total of 20 KNC Jupiters.
