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Topic: [Closed] KnCMiner Neptune(s) Shares GB6 .018 = 2.25GH per share - Batch 2 - page 2. (Read 14874 times)

sr. member
Activity: 448
Merit: 250
GB6 is online as of last night.
sr. member
Activity: 262
Merit: 250
Crap... man I wish we had refunded. 
+1
+1
could we sell them on ebay?

We could, but at this point we are looking at getting maybe $5K per Neptune. Between the lower than expected difficulty and renting the units, we are looking in good shape.


Where is the spreadsheet with the latest financials and dividends?

The one on page one of this thread shows March 2014.

I guess it's not being tracked anymore. hmmm...

I haven't kept up with them since Hugo sold his shares and stopped putting them together. I will one day update them all, but having just moved and getting the room ready, I've been pretty busy.

Thanks for the update. I would vote to sell.
sr. member
Activity: 448
Merit: 250
Crap... man I wish we had refunded. 
+1
+1
could we sell them on ebay?

We could, but at this point we are looking at getting maybe $5K per Neptune. Between the lower than expected difficulty and renting the units, we are looking in good shape.


Where is the spreadsheet with the latest financials and dividends?

The one on page one of this thread shows March 2014.

I guess it's not being tracked anymore. hmmm...

I haven't kept up with them since Hugo sold his shares and stopped putting them together. I will one day update them all, but having just moved and getting the room ready, I've been pretty busy.
sr. member
Activity: 262
Merit: 250
Where is the spreadsheet with the latest financials and dividends?

The one on page one of this thread shows March 2014.

I guess it's not being tracked anymore. hmmm...
sr. member
Activity: 262
Merit: 250
Where is the spreadsheet with the latest financials and dividends?

The one on page one of this thread shows March 2014.
sr. member
Activity: 462
Merit: 250
Lux e tenebris
sr. member
Activity: 262
Merit: 250
sr. member
Activity: 448
Merit: 250
Crap... man I wish we had refunded. 
sr. member
Activity: 448
Merit: 250
Any word on the extra boxes for the increases hashrate?

Nope, but I would expect them in August.

Any word on the extra boxes for the increases hashrate?

Nope, still shows Paid in the console.

A few days ago KnC gave me this update: "The 2nd batch of Neptune's will being shipping very shortly, the bonus miners can be expected towards the end of August."
sr. member
Activity: 448
Merit: 250
Any word on the extra boxes for the increases hashrate?

Nope, but I would expect them in August.

Any word on the extra boxes for the increases hashrate?

Nope, still shows Paid in the console.
tmu
newbie
Activity: 59
Merit: 0
sr. member
Activity: 448
Merit: 250
Any word on the extra boxes for the increases hashrate?
sr. member
Activity: 448
Merit: 250
Word just leaked, GB5 is up and running!

Yup, 4 total of which 3 are the GB's and a personal one:

https://drive.google.com/file/d/0B7PW9Lus2VT5TE5BNWRzOC1YVTg/edit?usp=sharing
https://drive.google.com/file/d/0B7PW9Lus2VT5YndQbG1hbldrbUk/edit?usp=sharing
https://drive.google.com/file/d/0B7PW9Lus2VT5ZWplcXdVNmlUQnc/edit?usp=sharing

A little cable management is left to be desired, but we have time. Jupiter's will be moved here in the coming weeks.

Word just leaked, GB5 is up and running!
As are the reinvestment Neptunes. He's one of the few miner group owners that has a reinvestment fund, most just run out after the diff makes things obsolete. Good man.

Thanks.

legendary
Activity: 1568
Merit: 1001
Word just leaked, GB5 is up and running!
As are the reinvestment Neptunes. He's one of the few miner group owners that has a reinvestment fund, most just run out after the diff makes things obsolete. Good man.
hero member
Activity: 574
Merit: 500
Word just leaked, GB5 is up and running!
hero member
Activity: 574
Merit: 500
Quote

Hi George, my concern is the reason KNC have said they will "provide all the final facts when they start shipping" is because when they start shipping refunds are nolonger a possibility! So once we know, we nolonger have a choice!
Where did you get the 8-1-14 date from? i've not seen anything from them directly. Also if your 15% difficulty increases happen to be 20% we are well and truly stuffed.

Also, could you elaborate/show calcs for the above ROI, is it $ or BTC based return? We paid in BTC so i'll be looking at the BTC ROI as the only valid comparison (otherwise we would be aswell sitting on the BTC and riding the price increase!).

Sorry if I sound frustrated, I've just gotten used to shouting at the Dyslexiczombie group lately over the f*cked up Black Arrow buy. If you provide the above info, and tell me you are convinced this is still a positive BTC return, then i'll trust your judgement and let it ride. But I have to say, my gut is saying bail.

The 8-1-14 date comes from me assuming that they will have shipped out by then and be mostly done. That is 7 weeks away and with them having tape out they are close.

The 15% diff change comes from taking the average diff. increase over the last 3 months, it has been 15% and 17% over the last 6 months so you can see it is dropping.

I see the same fear and doubt all over the forums and point to Warren Buffets: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

George
He also said "bitcoin is a mirage" so he's not top of my investor guru list. When it comes to bitcoin i'd rather stick with Lucile Ball's philosophy: "I'd rather regret the things I've done than regret the things I haven't done.", so on that basis, i'm still in! god help us.
sr. member
Activity: 448
Merit: 250
Quote

Hi George, my concern is the reason KNC have said they will "provide all the final facts when they start shipping" is because when they start shipping refunds are nolonger a possibility! So once we know, we nolonger have a choice!
Where did you get the 8-1-14 date from? i've not seen anything from them directly. Also if your 15% difficulty increases happen to be 20% we are well and truly stuffed.

Also, could you elaborate/show calcs for the above ROI, is it $ or BTC based return? We paid in BTC so i'll be looking at the BTC ROI as the only valid comparison (otherwise we would be aswell sitting on the BTC and riding the price increase!).

Sorry if I sound frustrated, I've just gotten used to shouting at the Dyslexiczombie group lately over the f*cked up Black Arrow buy. If you provide the above info, and tell me you are convinced this is still a positive BTC return, then i'll trust your judgement and let it ride. But I have to say, my gut is saying bail.

The 8-1-14 date comes from me assuming that they will have shipped out by then and be mostly done. That is 7 weeks away and with them having tape out they are close.

The 15% diff change comes from taking the average diff. increase over the last 3 months, it has been 15% and 17% over the last 6 months so you can see it is dropping.

I see the same fear and doubt all over the forums and point to Warren Buffets: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

George
hero member
Activity: 574
Merit: 500
George, excuse my ignorance, but what 'final numbers' are you talking about? and how do they affect us?

The Neptunes final power draw and hash rate. They affect us because it matters what we will see in terms of BTC and what we need for hosting.
Ok, I understand what you mean now, however, I'm one of I believe several, that are of the opinion, at this stage, this late in the difficulty war that this kit is most unlikely to even give an ROI, so would like a vote on refund to take place without further delay. Could you organise that please?

I presume refunds are on an original  $ basis buying back BTC at current market rate? If so, if we had pressed ahead with this a month ago we would of been significantly better off in BTC terms.

Agreed Sad  

George what's the delay on the vote? If they ship the kit then we will be deprived of the opportunity to vote on refund, and that won't go down well!


Guys,

I understand your worry and I have those same worries sometimes, but I look at the numbers and check this out:

Mining start: 8-1-14
Monthly Electric and Rent: ~$1500
Diff increases 15%
THash: 30
BTC price: $650

We Roi in about 100 days. We found a place that was a warehouse and they have 800 amps of power and a closet right next to the room with the electric panel. They are willing to rent it out to us for under $300 a month plus electric and have space between the ceiling and the roof that they will allow us to use for ventilation. This place is perfect for hosting these Neptune's and if the electric comes in around what it did at the last couple places we might have a great deal. Before we sign any agreements we will put it up to a vote. Also KnC's most recent news update said they will update us on when they will start shipping. We all want to make a few bucks on this, but we can't make a decision with out knowing all the facts. We are so close to knowing so much more. So once again I must ask for your patience.

George

Hi George, my concern is the reason KNC have said they will "provide all the final facts when they start shipping" is because when they start shipping refunds are nolonger a possibility! So once we know, we nolonger have a choice!
Where did you get the 8-1-14 date from? i've not seen anything from them directly. Also if your 15% difficulty increases happen to be 20% we are well and truly stuffed.

Also, could you elaborate/show calcs for the above ROI, is it $ or BTC based return? We paid in BTC so i'll be looking at the BTC ROI as the only valid comparison (otherwise we would be aswell sitting on the BTC and riding the price increase!).

Sorry if I sound frustrated, I've just gotten used to shouting at the Dyslexiczombie group lately over the f*cked up Black Arrow buy. If you provide the above info, and tell me you are convinced this is still a positive BTC return, then i'll trust your judgement and let it ride. But I have to say, my gut is saying bail.
sr. member
Activity: 448
Merit: 250
George, excuse my ignorance, but what 'final numbers' are you talking about? and how do they affect us?

The Neptunes final power draw and hash rate. They affect us because it matters what we will see in terms of BTC and what we need for hosting.
Ok, I understand what you mean now, however, I'm one of I believe several, that are of the opinion, at this stage, this late in the difficulty war that this kit is most unlikely to even give an ROI, so would like a vote on refund to take place without further delay. Could you organise that please?

I presume refunds are on an original  $ basis buying back BTC at current market rate? If so, if we had pressed ahead with this a month ago we would of been significantly better off in BTC terms.

Agreed Sad 

George what's the delay on the vote? If they ship the kit then we will be deprived of the opportunity to vote on refund, and that won't go down well!


Guys,

I understand your worry and I have those same worries sometimes, but I look at the numbers and check this out:

Mining start: 8-1-14
Monthly Electric and Rent: ~$1500
Diff increases 15%
THash: 30
BTC price: $650

We Roi in about 100 days. We found a place that was a warehouse and they have 800 amps of power and a closet right next to the room with the electric panel. They are willing to rent it out to us for under $300 a month plus electric and have space between the ceiling and the roof that they will allow us to use for ventilation. This place is perfect for hosting these Neptune's and if the electric comes in around what it did at the last couple places we might have a great deal. Before we sign any agreements we will put it up to a vote. Also KnC's most recent news update said they will update us on when they will start shipping. We all want to make a few bucks on this, but we can't make a decision with out knowing all the facts. We are so close to knowing so much more. So once again I must ask for your patience.

George
hero member
Activity: 574
Merit: 500
George what's the delay on the vote? If they ship the kit then we will be deprived of the opportunity to vote on refund, and that won't go down well!
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