Re: [Live - Group Buy].5BTC = 2.8Gh/s KNCminer Jupiter/Saturn *10 Sold [Selling #11]

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.