Edit: Also, am I crazy or could anyone go use my nick on the form and put their own address in?
Very good point. Slightly paranoid now.
Topic: [OPEN] Confirmed*PAID* USA NO VAT KnC Neptune#3 - .25 BTC = 17 Shares = ~60 Gh/s - page 85. (Read 131502 times)
June 28, 2013, 11:02:23 AM
Very good point. Slightly paranoid now.
June 28, 2013, 11:00:40 AM
Would it be a bad idea to change my address for profits? I kindof want to use my Coinbase address rather than one on my Windows client I used originally. (Question for everyone.)
Edit: Also, am I crazy or could anyone go use my nick on the form and put their own address in?
Edit: Also, am I crazy or could anyone go use my nick on the form and put their own address in?
June 28, 2013, 10:57:21 AM
Just sent over for 2x Saturn and 2x Jupiter, or 4x total shares the company, whatever. 
TXID: 0d8a6420063e59e03c44d75ddca212e87bf6406b70403220fcd4ab53b378cd1d
Cheers!
TXID: 0d8a6420063e59e03c44d75ddca212e87bf6406b70403220fcd4ab53b378cd1d
Cheers!
June 28, 2013, 10:42:13 AM
P.S I'm off to prepare / clean the house for a BBQ party weekend. I will check up once during the day and before I sleep. Busy busy weekend!
If you want to, send me a text to my google voice #: 860-631-7775 with any questions
If you want to, send me a text to my google voice #: 860-631-7775 with any questions
Form submitted.
Have a good weekend man
June 28, 2013, 10:38:14 AM
P.S I'm off to prepare / clean the house for a BBQ party weekend. I will check up once during the day and before I sleep. Busy busy weekend!
If you want to, send me a text to my google voice #: 860-631-7775 with any questions
If you want to, send me a text to my google voice #: 860-631-7775 with any questions
June 28, 2013, 10:34:30 AM
P.S Today is my birthday! Yay +1 for me! tips definitely appreciated so I can get tipsy tonight 
I see what you did there!
Ok guys! I made a google form - please fill it out so I can know where to send your profits and other things:
https://docs.google.com/forms/d/1DnrOlwuuPxh6VN81Ws1s5O6szRz86UNSuPa-sn78L7g/viewform
June 28, 2013, 10:22:38 AM
P.S Today is my birthday! Yay +1 for me! tips definitely appreciated so I can get tipsy tonight
I see what you did there!
June 28, 2013, 10:09:20 AM
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)
of course. Each share for saturn is 2.56 Gh/s so why would your hashrate lower? if we combine all 10 machines to a "company" it will be 780 shares total and 2000 gh/s total.
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)
I would think each share's hash rate would be the same. The major difference would be that each share is not connected to a specific machine. This spreads the risk of a failed machine across the entire company. Essentially the math is the same - right now it is X number of Gigahashes per machine divided by Y number of shares = 2.56 Gigashashes per share. The new company would be X number of Terrahashes for the company divided by Y number of shares = 2.56 Gigahashes per share (solve for Y). With this method, we can still keep purchasing units to add to the company (until some cutoff date - maybe the first shipped machine). This should make tracking our investments easier and make it much easier for ragingazn628 to keep track and get those dividends to us!
If we got quite a few more machines - we could even consider setting up with one of the exchanges to make the shares transferable (sell/buy). With enough of us (and enough equipment), there is no reason that this needs to end after 2 years.
That works for me, with the exception of people that ordered first on the first machines should get their shares paying out first of course. That would need to be managed somehow IMO
yup obviously there would be a bit of a gap when the machines arrive but we can keep adding them together as they come.
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
I'm down for the "mining company"! You guys are the share holders! You decide!
Ok let's start the train for Jupiter miner! Let me know if you guys want to move your shares from Machine #11 to Jupiter!
What are you investing in?
Shares for KnCMiner Saturn
https://www.kncminer.com/products/saturn
- .55 BTC - Minimum
- .55 BTC = 1 Share (at current BTC/USD rates ~$100 )
- 1 Share = 2.56Gh/s
- 78 Shares total
Shares for KnCMiner Jupiter
I increased the BTC to .55 min because BTC is dipping down from ~$100 to $94
https://www.kncminer.com/products/jupiter
- .55 BTC - Minimum
- .55 BTC = 1 Share (at current BTC/USD rates ~$100 )
- 1 Share = 2.80Gh/s
- 143 Shares total
P.S Today is my birthday! Yay +1 for me! tips definitely appreciated so I can get tipsy tonight
June 28, 2013, 09:26:44 AM
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
I think you already sold so many shares, there will be some people who don't like it for sure. Maybe you can mix it. The people who already bought the shares this way, keep it this way and give them what you promised.
But start a new way of buying shares in your whole mining company and sell shares for those independently of the people who already bought shares.
I'm just waiting till September and hoping I will get a return of investment lol. After that I maybe invest more.
+1 for the mining company conversion though, I would be willing to convert my shares in a machine to shares in the mining company.
June 28, 2013, 09:20:13 AM
+1 for the mining company.
Perhaps a vote would be in order. With rules along the lines of converting to a mining company if you have a two thirds majority of voting shares (i.e. count the shares of the voter, not the vote itself). I think major decisions like this should require more than a simple majority.
If the motion passes, persons that choose to opt out should be entitled to a penalty-free refund since the terms of the agreement would have changed.
Perhaps a vote would be in order. With rules along the lines of converting to a mining company if you have a two thirds majority of voting shares (i.e. count the shares of the voter, not the vote itself). I think major decisions like this should require more than a simple majority.
If the motion passes, persons that choose to opt out should be entitled to a penalty-free refund since the terms of the agreement would have changed.
June 28, 2013, 02:12:52 AM
3 Shares paied!
I prefer the shares of Jupiters ,but if you don't plan Jupiter,then I get the Saturn shares instead.
txid:a6600003c2c968292a190a40a85b0d772a20f4d5592f688c1f13ecbef355cfaf
PM Sent! please reply and confirmation!
thanks!
I prefer the shares of Jupiters ,but if you don't plan Jupiter,then I get the Saturn shares instead.
txid:a6600003c2c968292a190a40a85b0d772a20f4d5592f688c1f13ecbef355cfaf
PM Sent! please reply and confirmation!
thanks!
June 28, 2013, 12:28:00 AM
8 shares
283c52795422e37ac4a30a3558e81f497736f0499a81196d8dc25149cf990fd9
283c52795422e37ac4a30a3558e81f497736f0499a81196d8dc25149cf990fd9
June 27, 2013, 07:53:52 PM
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
June 27, 2013, 07:39:39 PM
That works for me, with the exception of people that ordered first on the first machines should get their shares paying out first of course. That would need to be managed somehow IMO
That would be fair. Maybe "issue" your working shares when the machine you bought into arrives - we already know who bought into which machine. It would not be very hard to coordinate this aspect - then once all machines are live - all shares are live. This would mean that while units are arriving - early investors start getting live - dividend paying - shares earlier than later investors. I hope this is not a big issue - as in - I hope the unit shipping does not take a year ;(
I would also love to see some way to "reinvest" some dividends to keep purchasing Hash...
I was typing out that exact idea (first buyers get first dibs) but you beat me to it!
Perhaps the deduction for upkeep could be bumped up from 2% to 3%, with that extra 1% going to a reinvestment fund, or if an increase in fees isn't palpable, take some money out of the 2% fee and put it aside for reinvestment. June 27, 2013, 07:32:01 PM
[/quote]
That works for me, with the exception of people that ordered first on the first machines should get their shares paying out first of course. That would need to be managed somehow IMO
[/quote]
That would be fair. Maybe "issue" your working shares when the machine you bought into arrives - we already know who bought into which machine. It would not be very hard to coordinate this aspect - then once all machines are live - all shares are live. This would mean that while units are arriving - early investors start getting live - dividend paying - shares earlier than later investors. I hope this is not a big issue - as in - I hope the unit shipping does not take a year ;(
I would also love to see some way to "reinvest" some dividends to keep purchasing Hash...
June 27, 2013, 06:57:29 PM
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)
I would think each share's hash rate would be the same. The major difference would be that each share is not connected to a specific machine. This spreads the risk of a failed machine across the entire company. Essentially the math is the same - right now it is X number of Gigahashes per machine divided by Y number of shares = 2.56 Gigashashes per share. The new company would be X number of Terrahashes for the company divided by Y number of shares = 2.56 Gigahashes per share (solve for Y). With this method, we can still keep purchasing units to add to the company (until some cutoff date - maybe the first shipped machine). This should make tracking our investments easier and make it much easier for ragingazn628 to keep track and get those dividends to us!
If we got quite a few more machines - we could even consider setting up with one of the exchanges to make the shares transferable (sell/buy). With enough of us (and enough equipment), there is no reason that this needs to end after 2 years.
That works for me, with the exception of people that ordered first on the first machines should get their shares paying out first of course. That would need to be managed somehow IMO
June 27, 2013, 06:55:53 PM
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)
I would think each share's hash rate would be the same. The major difference would be that each share is not connected to a specific machine. This spreads the risk of a failed machine across the entire company. Essentially the math is the same - right now it is X number of Gigahashes per machine divided by Y number of shares = 2.56 Gigashashes per share. The new company would be X number of Terrahashes for the company divided by Y number of shares = 2.56 Gigahashes per share (solve for Y). With this method, we can still keep purchasing units to add to the company (until some cutoff date - maybe the first shipped machine). This should make tracking our investments easier and make it much easier for ragingazn628 to keep track and get those dividends to us!
If we got quite a few more machines - we could even consider setting up with one of the exchanges to make the shares transferable (sell/buy). With enough of us (and enough equipment), there is no reason that this needs to end after 2 years.
June 27, 2013, 06:44:14 PM
Hello ragingazn628,
I just sent 1 BTC for 2 shares on the 11th miner. Transactions ID = a4ecf554017c9d7711643dc4840e087cff23b716c60e2dcff3718a11e2f2d8a0-000
WolfSkill
I just sent 1 BTC for 2 shares on the 11th miner. Transactions ID = a4ecf554017c9d7711643dc4840e087cff23b716c60e2dcff3718a11e2f2d8a0-000
WolfSkill
June 27, 2013, 06:29:42 PM
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
If I can still have the minimum hashrate for my shares as originally stated in this thread rather than splitting the profits based on who has the most shares (if more people join it means I will have less hashrate, which I wouldn't like)
June 27, 2013, 06:26:11 PM
Instead of a different Jupiter thread - any thoughts on just making this one mining company. It would seem easier to me to have shares in the whole instead of each separate machine - then you can mix and match the Jupiter Vs Saturn as needed. Machines are not due until September and later. I know I would like to get more shares as I get coin from mining etc. Not so sure I want to keep track over many machines and 2 threads...
Wow great idea!!!
I think I will do this if everyone is interested. It will be easier to track and distribute profits as well!
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