Quote from: mainman1009 on January 20, 2014, 07:17:34 AM

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If at any time thereafter the weekly earnings of the miners are insufficient to pay the hosting fees, the group buy owners shall make up the difference in USD. Non-payment of hosting fees/deficit will result in forfeiture of ownership rights to the hosted hardware.

When this becomes true can we elect to forfeit our rights to only the ANTMINER S1, but since the Neptune will likely remain profitable for a longer duration of time; can we elect to continue paying the hosting fees for the Neptune only?

If the Neptune is not released or severely delayed for any reason, what course of action will you take? (Partial refund or reinvest into other mining equipment?)

We'll be underclocking them for the long-term game, and I'm sure the group will vote to liquidate before they become horribly unprofitable. If you default on your obligations, then you lose your shares ~ sorry no partial default. If you have 10, then physical delivery is good way to get out and still meet your obligations; and still collect on the Neptune. A successful strategy involves careful reinvestment to continue to grow with the difficulty ~ there's a crap ton of less efficient hardware out there that will need to be turned off long before ours (Avalon/Avalon2, BFL 65nm, ASICminer, Clam, BTCGarden, etc).

We'll push for a refund if something terrible happens with KNC, but it's a pretty remote chance. KNC is a company that keeps it's promises, which is why their hardware is in our group buys. We choose to only deal with honest, ethical companies that do what they say they are going to do. I've had plenty of bad experiences with other vendors; the product mix is picked from the best of the best.

Quote from: Kapz786 on January 20, 2014, 10:37:34 AM

What happens if shares for this group buy are not all sold by 24/01? Any impact on current shareholders

We'll prorate shares that are bought after 24/01 (official hashing begins) to keep it fair for those that got in before the mine went live. We've already purchased everything for Group #2, and almost everything now for Group #3 (we need to do some power supply tests today before we order those).

We have to limit now to only 280 shares. We're pulling 2 Ants (20) shares out of each group buy; when these things get "lucky" they pull a little more power and we are over our safe limit on power draw. 26 amps is the max safe limit for the allocated space. We're working on a solution for even more power density, hopefully we will be able to keep at 300 shares/ 30 ants.