Post
Topic
Board Group buys
Re: [Group Buy] 1.15 BTC = 5.7GH/s KnCMiner Jupiter. No fees. 6 SOLD! #7 =1/54
by
mupartee
on 25/08/2013, 17:50:22 UTC
There might be some shares left, I've asked Adeel to figure that out. There were some outstanding requests that were made while he was in the hospital, but some haven't paid, so he has to get confirmations in order to know exactly what's available without overpromising. The price is not 1.15btc, the price is approximately $7,000 / 54 shares which is about $130 per share, so whatever that equates to for the dollar to BTC exchange rate when the purchase is made using the BitPay exchange rate https://bitpay.com/bitcoin-exchange-rates because that's what KnC uses to process the payment. At this point right now for example ($110/BTC) that would be 1.18 per share.

Do you know when he will do the conversion and refund the differences?



No I don't. But bear in mind that I was using the current BitPay price quote just as an example, but realistically most/all of these units were purchased many weeks ago as noted in his earlier replies, so despite the fact that BTC has risen in the last week or two, the previous exchange rates prior to the last 1-2 weeks unfortunately was lower. I made my two purchases when bitcoin was hovering around the $80 mark and essentially lost 1-2k because of it :/ and that will likely be the same for anyone else who bought at that time.
A current BitPay exchange quote would only really matter for any remaining shares that are currently not paid for, as one bitcoin now is worth more than one from several weeks ago.