Quote from: Faerbit on July 03, 2013, 05:00:17 PM

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)?

yup I marked you already

Quote from: jamesc760 on July 05, 2013, 03:24:06 PM

finally, sent you my payment for 1 share (saturn 11), please feel free to move to jupiter, I'm totally okay with that.

07c9a0639663f79259c512af801886bbef2527bfce02f9f20515d7303563e634

Shares are no longer .5 BTC each Sad

they are .9 BTC due to drop in BTC prices!

Would you like me to return the .5 or can you send more?

Quote from: ImThat1Guy on July 05, 2013, 02:06:20 PM

Quote from: itreptau on July 05, 2013, 01:52:40 PM

Quote

Shares for KnCMiner Saturn

https://www.kncminer.com/products/saturn

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total

Shares for KnCMiner Jupiter

https://www.kncminer.com/products/jupiter

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total

How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?

If i buy some shares of the Jupiter, when will the payouts begin? September?

That figure in USD you see isn't the price. It's the current exchange rate for BTC. When BTC was going for $100, we could get a share for .5BTC (equivalent to $50). Now they're being sold at .7BTC, because if they were kept at .5 the organizer would only be getting $35 out of each share, not enough to pay for the machines. The price has to be normalized to $50 per share to be able to pay for the machines.

Also, the figure for the Jupiter looks like a typo.

Yeah I know. What a headache. I wished they just stable around ~$100 to make everyone's lives easier.

Quote from: itreptau on July 05, 2013, 01:52:40 PM

Quote

Shares for KnCMiner Saturn

https://www.kncminer.com/products/saturn

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$80)
1 Share = 2.56Gh/s
78 Shares total

Shares for KnCMiner Jupiter

https://www.kncminer.com/products/jupiter

.7 BTC - Minimum
.7 BTC = 1 Share (at current BTC/USD rates ~$100 )
1 Share = 2.80Gh/s
143 Shares total

How can it be about 100USD for .7 BTC for the jupiter shares and 80USD for 0.7 BTC for the saturn shares?

If i buy some shares of the Jupiter, when will the payouts begin? September?

typo / forgot to edit.

KnC Said they will start shipping Sept / OCT

Quote from: czspeedycz on July 04, 2013, 06:27:39 AM

Quote from: ragingazn628 on July 03, 2013, 03:50:52 PM

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
[/quote]

There is some miscalculation here. The sum is 75 shares with me. Also I am on this list, but the one on the first page is without me

fixed sorry

Quote from: COINPRADER on July 03, 2013, 06:25:42 PM

Quote from: ImThat1Guy on July 03, 2013, 06:11:52 PM

Quote from: ragingazn628 on July 03, 2013, 03:50:52 PM

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!

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.

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.

Like I said, you guys can decide and I am open up to whichever. I bought in on Saturn so if we do it separate I would be getting 2.56 gh/s per share but if you do it that method then I would get 2.60 gh/s

ALSO can we PLEASE PLEASE! Finish up saturn or should I move everyone to jupiter? I really don't see the point of 11th Saturn anymore :/

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
jongaper - .7 BTC - 1 Share

Total:
64 / 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
piecinitup - 1.1 BTC - 2 Shares
Gyu - $500 PP - 10 Shares
czspeedycz - 3BTC - 5 Shares

Total:

87 / 143 Shares