Topic: [NINJA] Ninja Mining Cooperative - Information and Share Trading Thread - page 2. (Read 8464 times)

We're working on starting our own leased/cloud hashing service, using the next batch of hardware which is largely unsold.  One option is that the cooperative could sell its hardware to this new venture in exchange for equity. This would allow the original group buy members to profit off the growth of the company, rather than be limited to only mining. Long run this could be a big win for all.


We will allow you to combine to accept physical delivery.  For Group #1 the Neptune is bundled into the monthly fee, so no Franken-Jupiter payout would occur there if you were to redeem. Group 2-3 you would still receive the Franken-Jupiter.  Note: you need to pay $99/per unit, provide a shipping label, and pay off any remaining hosting obligation to receive physical delivery.  We have a limited amount of ANTs that are currently in our possession and (thanks to a legal problem) can't get remove the rest from the data-center.  Hopefully that issue will be resolved this week...but if we don't have the hardware on hand we will buyback the shares at the equivalent residual value.

For Example:
Say you own 10 shares in group 3.  You want to take delivery this week.
Your costs: $99 Noc fee, $29 shipping label, $34.60 remaining commitment; total due $162.60.
You can pay: $162.60 and get an ANT or we can send you .893BTC current price of ANT less the $162.60 =  .593BTC (subject to exchange rate fluctuation). As Group #3 still owns the Neptune/FrankenJups you will get your share(s) of it less hosting fees.

Lawyers have erased any profit I would have made on this whole venture so far; I'm trying to make lemonade out of the lemons and take care of you guys as best I can. Bitcoin getting pumped back to $1000 would help.  I'm open to suggestions as well;  the reality is the overall situation for Groups 1-4 right now is pretty bleak.

Thanks for the update and hard work. I have a couple questions:

I have shares in GB 1, 2, 3 and 4 can I combine ten of them now for physical delivery?

If I do, what happens with the payouts from the Franken-Jupiter for GB 1, 2, 3 and the GPU rig from 4?

For sale  4 x GB4 shares. PM me your offers.

Would it be an option to put the rigs on some lease rigs alike website? Afaik the revenue from those sites is higher than what bitcoin mining on our own would yield.

Other option would be to switch to USD payments for hosting, assuming everyone is sure they'll want to hold on to BTC with an expectation that it will rise back up.

Thanks for the update.

Payouts are a bit delayed this week.  Between bad pool luck, the low price of BTC, and network difficulty increases we fell short of meeting expenses on all group buys.  We are converting the namecoin earnings for group #1-#3 to give them an income boost and arranging a private buyer for this weeks earnings to get a favorable rate.  If we can just hold on for a couple more weeks the Franken-Jupiters will arrive to "save the day". Payout will be processed by Midnight Pacific today.

I am interested in buying shares in group #1

I am not going to pay much for them, if you want to sell, please post or PM me.

Group Buy #1 the bonus hashes will be delivered as soon as we get the gear, no additional hosting fees as promised.

Groups #2-#3 will have to pay a TBD (depends on power/space requirements) hosting fee for the neptune (surrogate), not to exceed what was originally estimated.

We will take care of the power supplies; we have some namecoin proceeds that we can use to obtain those and any related networking/PDU equipment needed to deploy.

We've also started the development of a new cloud mining solution (where you are in charge and pick the pool).  We will have a transition period where everyone will have the opportunity to convert their shares to the new system, if they so desire.

You are right, we need the hashes rather sooner than later but with this change there are some questions...

What will be the effect in $$/btc regarding this change?

They won't ship these puppies with power suplies and even worse, they will use more kWh than the Neptunes is supposed to.

I"m in GB1 and in GB3.

For GB1 the hosting fee of the Neptune was included in the total hosting fee, will this stay the same?
For GB3 the hosting fee of the Neptune was to be paid once the unit arrived, will the hosting fee be the same?

Will you charge any additional fees because you need to buy the power supplies yourself?

News about the Neptunes: https://www.kncminer.com/news/news-82

We've requested that all of our Group Buy's Neptunes be converted to Jupiters and shipped ASAP.  We need these hashes yesterday to hope to ROI.

ACH/e-check for US based people. We have limited paypal availability for those that can't use ACH.

+1
I think I might do the same.

Cool, what payment options are there? Paypal? Wire transfer?

We're happy to accept USD for the hosting, just PM me with how many weeks and shares you want to pay for and I will get you an invoice.

Wouldn't simply buying Bitcoins serve the same purpose?

Would it be possible to change to USD payments for hosting already since we're currently "throwing away" a lot of BTC with these low exchange rates?

Have you processed the trade between me and Dyland? There's still only one share beside my name on the GB4 and GB5's page.
By the way, congratulations on fixing Coinbase.

 

 

Lowered price by a lot.

.6 BTC takes 6 shares
1 in group 1
2 in group 2
3 in group 3


First reply or PM gets them.