[SOLD OUT] Ninja Group Buy #2 - ANTMiner + KNC $10/GH .35BTC=30GH [0/300]

MWNinja

hero member

Activity: 630

Merit: 500

The buyback is based on an offer that we have on the table to take the remaining hardware in bulk, if we don't hurry it will get repriced.

If you want to just relinquish your Antminers and keep the FrankenJup, I would be ok with that. Send me a signed message from your dividend address to confirm. I can't guarantee that it will ever earn more bitcoin than you would receive in the buyback.

Antminers are down to .55btc and falling. The redeem fee was structured into the original deal. I have lost a TON of money already, trying to limit further losses.

Quote from: mainman1009 on April 29, 2014, 11:56:48 AM

Quote

Abandoning the hardware and leaving it to us to liquidate isn't meeting your commitment

I understand this is a lot of work, but the deal you are offering us is not fare either.

.035 btc x $440/btc= $15.4 per share

10 shares equal one ANTMiner S1 ($154). ANTMiner S1 are selling for ~ $300. So, we are getting roughly half the value of what are shares are currently worth. That is not taking into account the value of KnC Neptune(which is valued on other open Group buys at 12 btc or $5000)( 12btc/300shares= 0.04btc per share)

So, we are either forced to sell our shares for well less than half their fare market value or we have too invest, in my case twice my original investment + $99 in shipping just to get a chance to mine with a piece of hardware (KnC Neptune) I already helped pay for.

With that in mind I don't think it is unreasonable to let the share holder choose to "give" are ANTMiners to you and you would be free to mine with them or sell them for your own profit and allow us to mine with the KnC Neptune. or Offer the shareholders a more reasonable buyback price. .07 btc + .04 btc= .11btc per share ... Now I am not asking for that much since I know with will take a lot of your time and efforts to sell this hardware. I am trying to make a point that .035 btc does not seem fare.

mainman1009

newbie

Activity: 15

Merit: 0

Quote

Abandoning the hardware and leaving it to us to liquidate isn't meeting your commitment

I understand this is a lot of work, but the deal you are offering us is not fare either.

.035 btc x $440/btc= $15.4 per share

10 shares equal one ANTMiner S1 ($154). ANTMiner S1 are selling for ~ $300. So, we are getting roughly half the value of what are shares are currently worth. That is not taking into account the value of KnC Neptune(which is valued on other open Group buys at 12 btc or $5000)( 12btc/300shares= 0.04btc per share)

So, we are either forced to sell our shares for well less than half their fare market value or we have too invest, in my case twice my original investment + $99 in shipping just to get a chance to mine with a piece of hardware (KnC Neptune) I already helped pay for.

With that in mind I don't think it is unreasonable to let the share holder choose to "give" are ANTMiners to you and you would be free to mine with them or sell them for your own profit and allow us to mine with the KnC Neptune. or Offer the shareholders a more reasonable buyback price. .07 btc + .04 btc= .11btc per share ... Now I am not asking for that much since I know with will take a lot of your time and efforts to sell this hardware. I am trying to make a point that .035 btc does not seem fare.

MWNinja

hero member

Activity: 630

Merit: 500

Quote from: mainman1009 on April 29, 2014, 05:01:59 AM

Was the KNC Neptune added? And if we have have less then 10 shares all we can do is sell back at .035, stinks that we have to sell back at a lose.

Quote

For Groups #2 and #3 only, those that redeem for hardware, meeting their full obligation

What does this mean?

If you are short shares you can buy up to the 10 shares at the buy back price and take delivery. If you take delivery (on Group #2 or Group #3) you will be included in the Neptune which we will continue to operate. Abandoning the hardware and leaving it to us to liquidate isn't meeting your commitment; taking delivery is.

tertius993

hero member

Activity: 1029

Merit: 712

Quote from: mainman1009 on April 29, 2014, 07:33:46 AM

I only have 1 share in Group 2, so I guess I am stuck. Why not sell the ANT and keep the KNC and pull the hosting fees from the profits that are made from it?

It's not clear there will be any profits from the KNC is it? All they have delivered so far is one (mostly) broken Franken-Jupiter, with no indication when either it will be fixed or the others shipped. Nor what profitability will be like once hosting and power is paid.

I should say I no longer have any involvement as I sold my shares in GB1 and 3 a while back, but I would not be counting on profits from the KNC machines.

mainman1009

newbie

Activity: 15

Merit: 0

I only have 1 share in Group 2, so I guess I am stuck. Why not sell the ANT and keep the KNC and pull the hosting fees from the profits that are made from it?

Kapz786

hero member

Activity: 697

Merit: 503

Quote from: mainman1009 on April 29, 2014, 05:01:59 AM

Was the KNC Neptune added? And if we have have less then 10 shares all we can do is sell back at .035, stinks that we have to sell back at a lose.

Quote

For Groups #2 and #3 only, those that redeem for hardware, meeting their full obligation

What does this mean?

You have to pay him 99 dollars and he will send you an antminer provided you own 10 shares. It's certainly a cop out given the KNC hardware is profitable and you are basically forced into selling now

mainman1009

newbie

Activity: 15

Merit: 0

Was the KNC Neptune added? And if we have have less then 10 shares all we can do is sell back at .035, stinks that we have to sell back at a lose.

Quote

For Groups #2 and #3 only, those that redeem for hardware, meeting their full obligation

What does this mean?

MWNinja

hero member

Activity: 630

Merit: 500

Unfortunately this group buy is no longer operating with a profit and will be wound-up.

We are winding-up this group buy, as well as group buy #1, #3, and #4.

Process for taking delivery (if you have multiples of 10 shares):
PM me for an invoice for the $99 fee, and will reply with an email address for you to send the shipping labels to. You need to provide your own shipping labels. I'll post the exact dimensions and weight in an update tomorrow.

If you pre-paid hosting, we will return your unused hosting payment at the bitstamp rate. Give us a couple of days to let the dust settle and we'll get it out.

If you have less than 10 shares or if you don't contact me for shipping arrangements; we are buying back the shares at .035 each. We will complete the buyback on May 1st for Group Buy #1 -Group Buy #4 so please get in touch before then.

FrankToil

newbie

Activity: 20

Merit: 0

Hello Fellow Owners.

You might have seen my IPython notebook revenue estimator that I posted in these forums a few weeks back. I've now turned that into a standalone website that enables you to estimate your current returns from participating in the group buys.

Have a look at: http://coininaflaskopenshift-franktoil.rhcloud.com/

For your privacy, all info specific to your situation is NOT stored on the server. Rather it is stored in an encrypted cookie in your browser.

Have Fun!

FrankToil

sf2

sr. member

Activity: 273

Merit: 250

MWNinja

hero member

Activity: 630

Merit: 500

Dividend - Week #2
Total Earnings: 8.2BTC Payout Addr
Total Shares: 300
Hosting fees: 0
Amount per share: 0.027333
Tx Fee: .0035 Transaction

MWNinja

hero member

Activity: 630

Merit: 500

Dividend - Week #1
Total Earnings: 12.4BTC Payout Addr
Total Shares: 300
Hosting fees: 0
Amount per share: 0.041333
Tx Fee: .0055 Transaction

Notes: This was a great week for Group #2; we got up and hashing several days early so enjoy the extra dividend!

MWNinja

hero member

Activity: 630

Merit: 500

Quote from: Kapz786 on February 01, 2014, 02:00:41 AM

Looks like the minerstats page is down for GB #2 - rest seem to be working ok

We hit the pool's API which does error out occasionally. The miners are connected to a private pool server, so they stay up even when the API or BTC Guild website goes down.

Kapz786

hero member

Activity: 697

Merit: 503

Looks like the minerstats page is down for GB #2 - rest seem to be working ok

howardb

hero member

Activity: 574

Merit: 500

When's the 1st dividend payout? and don't forget to add my solitary share to the members list.

Also, how many tries did it take you to get a wallet address with the word Ninja in it?

sf2

sr. member

Activity: 273

Merit: 250

MWNinja

hero member

Activity: 630

Merit: 500

Ok this one is all sold out. I'll be updating the final list in the morning. If you have reserved shares please get your payment in ASAP.

hawkeye21112

newbie

Activity: 10

Merit: 0

paid for 10 shares TXID: https://blockchain.info/tx/1d4d5f14019b870606364480031fbae2cde3f27f82d588b395437ad9837ce1ab

I will PM dividend wallet. Thanks

MWNinja

hero member

Activity: 630

Merit: 500

Quote from: hawkeye21112 on January 29, 2014, 10:23:53 PM

put me down for 10 share. Can I get a confirmation that there is still 10 share left. I will make payment once I get it. thanks.

Yes there are still 10 left.

hawkeye21112

newbie

Activity: 10

Merit: 0

put me down for 10 share. Can I get a confirmation that there is still 10 share left. I will make payment once I get it. thanks.

Topic: [SOLD OUT] Ninja Group Buy #2 - ANTMiner + KNC $10/GH .35BTC=30GH [0/300] (Read 10345 times)