Topic: [KnCMiningOp] KnCMiner Neptune(s) Shares GB .016 per share (Read 2009 times)

I did it last time and the mods didn't seem to care.

Lol @ "enthusiastic group buy coordinators"

I'm around Chicago, IL.

Sure here you go:

GB1: https://bitcointalk.org/index.php?topic=243092.0;all
GB2: https://bitcointalk.org/index.php?topic=249820.0;all
GB3: https://bitcointalk.org/index.php?topic=252584.0;all

GB Stats: http://54.243.221.120/
Finances: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c&usp=drive_web#gid=7

Shares buying/selling thread: https://bitcointalksearch.org/topic/general-mining-buy-and-sell-shares-336900

Oh my. Blatant cross-posting. How am I gonna find auctions if they get flooded by enthusiastic group buy coordinators now?

Whereabouts are you physically located? Do you have any details of your mining operation you can share? (thread perhaps)

Xpost please post here: https://bitcointalksearch.org/topic/closed-kncminer-neptunes-shares-gb6-018-225-gh-per-share-batch-2-348054

About:

KnCMiningOp is currently mining with 3 Jupiter's around 1.5TH/s and 47 members. We have a KnC Neptune on pre-order that was paid for with the re-investment fund this morning. There has been a ton of interest from existing group buy members and non members to buy additional shares in the group buy. As a result I have decided to open up additional shares with out diluting current shares in the below format.

You can check out our stats page here: http://54.243.221.120/ (Note on Jupiter 3's hash rate: 3/4 chip have been RMA'ed and are estimated to be back up and hashing by tomorrow Nov/27th.)

Investment info:

1000 shares total per Neptune:

750 shares public.
50 shares to myself for management.
200 shares being issued to the mining operation. These dividends are deposited into the re-investment fund and used to buy additional hardware.

For each 750 shares that are sold will represent a Neptune. So for example if there is enough interest that 1500 shares sell. 2 Neptune's will be bought, if 2250 shares sell 3 Neptune's and etc. Any remainder of shares will be refunded.

Dividends:

Get paid weekly on Saturdays.

Please note that these additional group buy shares will not start receiving a dividend until your unit is up and mining.

Reinvestment Fund Details:

I will use the way the pre-ordered Neptune will play into the existing shares/math:

Back in June-August I was able to get around 50 people to invest with me into 3 Jupiter's for a total of 1.5TH. There were 3000 shares sold back then so each share currently is worth around 500 MH/s when the Neptune that was paid for this morning will come online each share will be 1500 MH/s with out adding any shares. When the 2nd Neptune is added each share would be 1875 MH/s with adding 1000 shares. As each additional device is rolled into the existing pool the per share MH/s should increase. When another device is added with the reinvestment fund monies the MH/s per share will increase.

Costs:

One-Time Neptune: $10,200
Shelf & misc: $100
2 - 3 PSU: $400-600
Electric circuits installation: $500-$2,500

Weekly:
Miner estimated power usage: ~$60

Monthly:
Rent: $0
Internet: $0
Management Fee: $0

Future Plans:

Save profits and buy additional units.

Payment & Escrow:

Please setup your own escrow, I recommend blockchain.info or John K escrow.

Or the mining op address is: 1vsNpyK548ew789iKTXprsK2SKYvMyiXD

When you send your payment please pm me the txid, your dividend address and your email address.

Price per share is .016 BTC or $13.6 USD.


FAQ:

Are the shares transferable?
Yes they are.

Can I pay with USD?
Yes I'll accept certain methods of payment via fiat. Please PM me to work out the details.

Can I pay with Paypal?
No, my Paypal account got shutdown for bitcoin activities that Paypal deemed too high risk. Even though not a single charge back has been filled against me since June 2013.

Can I pay via Havelock, CryptoStock or Coinbase BTC transfer?
Yes you may. Please PM me for details.

What are the dividend expectations per share?
See the Dividend Yield Estimates sheet here: https://docs.google.com/spreadsheet/ccc?key=0ArPW9Lus2VT5dFpZbndNSXY0Y1RjTVFDQzlxUW1yS3c#gid=1

What happens if BTC drops in price by the time the miner(s) is paid for?
I will ask everyone to send in a little extra BTC per share. If you paid with cash you won't need to pay anything more.
You will also have the option for a refund if you don't want to send any more, less any fees.

Has this unit been ordered yet and/or when will this ship?
Yes it has been ordered and depending on when the order is paid for depends on when it will ship.

Any other questions please PM me.