Topic: [OPEN] Confirmed*PAID* USA NO VAT KnC Neptune#3 - .25 BTC = 17 Shares = ~60 Gh/s - page 82. (Read 131472 times)

As someone who has shares in both the Saturn and the Jupiter, I would rather have the shares reflect the hashing power of the machines that are present. However, if people did want refunds, that might make it a bit complicated, especially if their funds were already used to order the machines.

The point is not who bought in when. The point is who bought a share for what machine (Jupiter or Saturn). If we gonna make all shares equal would that also mean that people who bought shares later would get BTC right away (as the first Saturn starts mining) and the promised/calculated hash rate is not achieved until all machines are mining? Also equal shares are not mentioned in the survey, so we/ragingazn628 have/has no wide spread opinion about this.

Note that I'm neither pro nor contra for equal shares since the current conditions are somewhat unclear to me.

Exactly! I made a post about pretty much exactly how to calculate share value a page back.

So... the whole idea of making a mining company is so that we do no need to track each machine separately.  Once we figure out all the shares - then the total div is just the coin generated by the number of shares (less expenses).  No need to track which machine is off line etc.

I also agree, a share should have same value and same income

That's... not a mining company at all.

Basically, my problem is I don't see why people who bought in later should be able to get more hashes for less money. Even in your example, the people on the Jupiters earn an extra ~$20 per week, without paying any more. And having people totally left in the cold if their machines stop working at absolutely no fault of their own... that's just bad.

Incorporate it as a proper mining company, with each share being equal. It's easier to account for, and fairer for everybody.

i tried to send to your paypal address that you gave to me in pm. but it gives me an error saying " This recipient is currently unable to receive money".  

PS: i am trying to buy 16 shares of jupiter with paypal

I sent you a PM about my share on the jupiter. Could you please confirm that you got my payment (and that everything else is okay)?

Also can we please finish up Saturn? I would like to either finish it ASAP or I will have to move them all to Jupiter. I already knew this was going to happen if we split it I told you guys from a few posts back lol

11th KnC Saturn:

Xeen - 1 BTC - 2 Shares
pickymeek - .5 BTC - 1 Share
juula - 10 BTC - 20 Shares
samos123 - 2 BTC - 4 Shares
annoEleni - $400 PP - 8 Shares - FB
jamesc760 - .5 BTC - 1 Share - reserved
annoJBerglund - $100 PP - 2 Shares
wolfskill - 1 BTC - 2 Shares
EsDva - 4 BTC - 8 Shares
mightycount $500 PP - 10 Shares
Bamdad - .55 BTC - 1 Share
Fantazygirl  - $200 PP - 4 Shares

Total:
 63 / 78 Shares[/code]

Jupiter 400GH/s Shares:

[code]
1st KnC Jupiter:
reactor - 2.2 BTC - 4 Shares
COINPRADER - .5 BTC - 1 Share
helloge 1.5 BTC - 3 Shares
ezisdog - 1.5 BTC - 3 Shares
danieldaniel - .55 BTC - 1 Share
George900 - .55 BTC - 1 Share
riclas - 10.45 - 19 Shares
Colgate - $600 - 12 Shares
Paranoia - 1.1 BTC - 2 Shares
gtdevo - 6.6 BTC - 11 Shares
sealight - 3 BTC - 5 Shares
Faerbit - .6 BTC - 1 Share
lajz99 - $100 PP - 2 Shares
physalis -2.5 BTC - 5 Shares
czspeedycz - 3 BTC - 5 Shares

Total:
 
70 / 143 Shares

------------

About mining company. Honestly I don't think .100 mh/s will matter much unless you have like 20+ shares BUT

We can probably use this formula:

Saturn Share = 2.56 Gh/s / Total Speed

Jupiter Share = 2.80 Gh/s / Total Speed

Profit for Saturn Shareholders:

(BTC Mined bi-weekly)*(Saturn Share)

Profit for Jupiter Shareholders:

(BTC Mined bi-weekly)*(Jupiter Share)

So let's say the total speed is 3000 Gh/s.

I have 10 shares of Saturn and my friend has 10 shares of Jupiter.

The total BTC mined bi-weekly is 400 BTC.

So:

My cut:
400 * ( 25.6 / 3000) = 3.413 BTC payout.

Friend's cut:

400 * (28.0 / 3000) = 3.733 BTC payout.

Does this make sense?

Also let's say machine 1 and 2 are down for due to fail power supplies or something, those people who are shareholders for those machines will NOT be calculated with the rest of the share holders so it's fair. So IF the machines are down for 2 weeks and it's time to cash out the total speed would become 2600 Gh/s and only the current running machines will be paid.

What do you guys think?

BTW Happy July 4th tomorrow!

Hi please PM me the Paypal details.

I'd like to pay for 5 shares preferably to finish off Saturn #11 if there are still spots available. Otherwise Jupiter #1 is fine

Did you receive my $500 PP for 10 Saturn 11 shares?
Thanks!

Hi ragingazn628, just a reminder that I  bought another 4 shares of Jupiter yesterday.   Kindly update the first post!    Appreciated it!

In for 2 shares on the Jupiter

TXID: 974414f4f90c3da9087645c1c9b5e1925b501c6695dfcec37173aeed93fbc2ee

3.0 BTC for 5 Shares of KnCMiner Jupiter
TX id: 740ff8eb079368f650546c217da5ec1984f42250bd8ccec3dc6dffeab5a47de2

Thanks

Okay, then what I meant was they haven't been paid yet which is what counts in the end.

According to the status the 11th Saturn and the 1st Jupiter have both been ordered.

They haven't been paid for yet, but they have been ordered.

Message:

Sig:

I believe 10 Saturn have been ordered, 1 needs to fill up with BTC. That one Jupiter also is not fully paid for...