Post
Topic
Board Group buys
Re: [Group Buy]12 KNCminer Jupiter's 15 Sold [Closed] Jupiter Pool
by
agibby5
on 25/02/2014, 03:29:53 UTC
There's another issue that came up... hosting refunds/penalties and how to handle the 40.7 BTC Larry paid out of his personal account.  Currently, this amount is distributed across various GB members directly out of mining income. However, we would need to debit soniq's account for the 40.7 so that it balances with the credits to the member's accounts. At first, I thought it should all go back to soniq, but people did pay into that account (1NaE9oXe9ZkCUrhtEPTFGU4HbUqZXVanGw).

Quote
[9:18:27 PM] agibby5: you got 105 from bitfunder
[9:18:34 PM] agibby5: it was in your own wallet address
[9:18:38 PM] Larry/soniq: yes
[9:18:41 PM] agibby5: you paid that AND 41 of your own BTC to KNC for the initial hosting fee?
[9:18:45 PM] Larry/soniq: yes
[9:19:10 PM] agibby5: and then you booked it as an expense
[9:19:20 PM] agibby5: and took it off the top of the mining income
[9:19:29 PM] Larry/soniq: yes
[9:19:49 PM] agibby5: i feel like your account should be then credited for that 41 btc
[9:20:16 PM] agibby5: but you paid the 146 out of mining income i thought?
[9:20:31 PM] Larry/soniq: well that what I am not sure about? I have a tough time wrapping my head around all the complexities that happened
[9:21:16 PM] Larry/soniq: I paid the 146 BTC out of my original wallet, you cannot sellect a payment address to send payments
[9:21:33 PM] Larry/soniq: so 146 BTC came from the baalnce in my wallet


Here's that transaction of 146 to KNC we're referring to: https://blockchain.info/tx/e8db2d85774fe0c6defe45fb1d7851c2b7cd2fd81a87b6b76981a6ed599ce461

EDIT: I talked to espen about this, and people did pay into the hosting address.  Basically, we would need to debit soniq's account for the 40.7 and credit everyone's account for their share of the 40.7 so it balances and has absolutely no impact on the mining income.  I deleted the rest of this post as it had severely incorrect information.