Topic: all finished - page 3. (Read 5023 times)
I, too, was thinking along the lines of getting the miner during Q1 and was for waiting it out. After looking at the big picture here, it does seem more realistic to cash out now and move on. Got 8 shares fwiw.
Undef, Waldo is right. There is absolutely no chance of ROI on the Neptunes now, even if they arrived a month from today, and they won't. I'm really surprised at the amount of shareholders who still prefer to wait it out. If you take the time to assess the rate of increase of difficulty and the price of Bitcoin over the past 6 months, you will not be able to forecast exactly what the ROI will be but you can reasonable assume that the Neptunes will be unprofitable somewhere between 2 weeks to 2 months from the start of mining.
It doesn't matter how many shares you have, you will not mine the same amount of Bitcoin that you originally paid for your shares within that window of profitability.
It doesn't matter if mining is a speculative endeavor for you, not based on todays Bitcoin price but on the future price. The speculation would be more profitable if you got your original funding back in Bitcoin, or as close as possible to it.
I can't see what the motivation is to stay the course. I would love for this to be a profitable venture but as I stated around a month ago on this thread, that ship sailed long ago unfortunately.
Murt9000
Ok after reading this I also wanna go for a refund. Holding 8 shares. However didn't we buy the miner when BTC was around $1000? So if we get the refund in USD it would leave us with extra BTC? Or not? It doesn't matter how many shares you have, you will not mine the same amount of Bitcoin that you originally paid for your shares within that window of profitability.
It doesn't matter if mining is a speculative endeavor for you, not based on todays Bitcoin price but on the future price. The speculation would be more profitable if you got your original funding back in Bitcoin, or as close as possible to it.
I can't see what the motivation is to stay the course. I would love for this to be a profitable venture but as I stated around a month ago on this thread, that ship sailed long ago unfortunately.
Murt9000
Undef, Waldo is right. There is absolutely no chance of ROI on the Neptunes now, even if they arrived a month from today, and they won't. I'm really surprised at the amount of shareholders who still prefer to wait it out. If you take the time to assess the rate of increase of difficulty and the price of Bitcoin over the past 6 months, you will not be able to forecast exactly what the ROI will be but you can reasonable assume that the Neptunes will be unprofitable somewhere between 2 weeks to 2 months from the start of mining.
It doesn't matter how many shares you have, you will not mine the same amount of Bitcoin that you originally paid for your shares within that window of profitability.
It doesn't matter if mining is a speculative endeavor for you, not based on todays Bitcoin price but on the future price. The speculation would be more profitable if you got your original funding back in Bitcoin, or as close as possible to it.
I can't see what the motivation is to stay the course. I would love for this to be a profitable venture but as I stated around a month ago on this thread, that ship sailed long ago unfortunately.
Murt9000
It doesn't matter how many shares you have, you will not mine the same amount of Bitcoin that you originally paid for your shares within that window of profitability.
It doesn't matter if mining is a speculative endeavor for you, not based on todays Bitcoin price but on the future price. The speculation would be more profitable if you got your original funding back in Bitcoin, or as close as possible to it.
I can't see what the motivation is to stay the course. I would love for this to be a profitable venture but as I stated around a month ago on this thread, that ship sailed long ago unfortunately.
Murt9000
If there was an effective way of voting by amount of shares, that might be helpful in determining if one or more units could be refunded if that is indeed a possibility.
I would like to repeat my stance as refund. The way things are looking is that we wont get them Q1 and the shares i bought were for a Q1 shipped miner.
I would like to repeat my stance as refund. The way things are looking is that we wont get them Q1 and the shares i bought were for a Q1 shipped miner.
Perfectly fair. Thanks for the thoughtful response.
Well, now the polls are showing a 50/50 (instead of 70% stay, 30% refund).
...
P.S. The original statement, "we haven't heard anything from KNC," is no longer true. We now know exactly where they are in the process, and they are exactly on schedule. What is the motivation for refunds now?
...
P.S. The original statement, "we haven't heard anything from KNC," is no longer true. We now know exactly where they are in the process, and they are exactly on schedule. What is the motivation for refunds now?
I don't believe we can come close to getting ROI now that the units are so late. March was supposed to be the latest we get these, now we are thinking May...
Well, now the polls are showing a 50/50 (instead of 70% stay, 30% refund).
...
P.S. The original statement, "we haven't heard anything from KNC," is no longer true. We now know exactly where they are in the process, and they are exactly on schedule. What is the motivation for refunds now?
...
P.S. The original statement, "we haven't heard anything from KNC," is no longer true. We now know exactly where they are in the process, and they are exactly on schedule. What is the motivation for refunds now?
I don't believe we can come close to getting ROI now that the units are so late. March was supposed to be the latest we get these, now we are thinking May...
Well, now the polls are showing a 50/50 (instead of 70% stay, 30% refund).
Emails and PMs on other communications are about 60% refund, 40% stay..
Emails and PMs on other communications are about 60% refund, 40% stay..
And yet the posts in this very thread, counting the number of shares, are 77% stay the course.
34 shares plus "a few" and one unknown said "Stay," while 10 shares and two unknowns said "refund."
Waldo, you seem pretty biased toward a refund. What's going on?
So, two questions:
1) Are you, in fact, trying to convince us to ask for a refund?
2) Why must this be all-or-nothing? You ordered these in separate orders, so you can ask for refunds on separate orders, yes? When you have enough "refund" shares to equal the last order you placed, get it refunded. Move everyone else into the vacated shares and move on.
If you want out, electricity costs me about 40% of the rate you've posted. If you want out, I'm confident we can find someone else to collect the management fee and continue to support the bitcoin network... Let's work together on this. I'm willing to help, and I don't want to reduce my bitcoin earning potential to zero just because the USD/Bitcoin price has fallen and a few people are impatient.
Undef
P.S. The original statement, "we haven't heard anything from KNC," is no longer true. We now know exactly where they are in the process, and they are exactly on schedule. What is the motivation for refunds now?
Is there a way to make the vote a little more "official"? Anyone on the bitcointalk forum can vote on the poll and the poll doesn't represent number of shares. I only have two but I know others with more who might deserve a bigger input.
Thanks for everyones input again.
Well, now the polls are showing a 50/50 (instead of 70% stay, 30% refund).
Emails and PMs on other communications are about 60% refund, 40% stay..
Still very close.
I will run another (and most likely last) poll on April 1st (First day of Q2) and revisit both options again. If refund option passes the ~75% majority mark, I will most likely consider that option in the future.
Thanks everyone!
Well, now the polls are showing a 50/50 (instead of 70% stay, 30% refund).
Emails and PMs on other communications are about 60% refund, 40% stay..
Still very close.
I will run another (and most likely last) poll on April 1st (First day of Q2) and revisit both options again. If refund option passes the ~75% majority mark, I will most likely consider that option in the future.
Thanks everyone!
Is there anyway to directly notify all shareholders on the next vote? I missed the start of this one and would like to voice my 8 shares worth.
2 shares - stay the course
I vote to stay the course.
I have a single share.
I have a single share.
So no word about the hosted miner deal, to cover investors in the Neptunes?
Anybody catch the latest here? I think this is for the Neptunes tho I could be wrong. https://www.kncminer.com/news/news-78
Quote
KnC Announce ‘Tape out’ of the World’s first 20nm ASIC for Bitcoin Mining
STOCKHOLM, SWEDEN — March 5, 2014 –– KnC, the most trusted brand in Bitcoin Mining is announcing they
have completed ‘tape out’ of their new ASIC. This is the world’s first Bitcoin Mining Application Specific
Integrated Circuit (ASIC) designed using ground breaking 20 nanometer engineering. This important
milestone was achieved only 3 months after starting the project, during February 2014.
STOCKHOLM, SWEDEN — March 5, 2014 –– KnC, the most trusted brand in Bitcoin Mining is announcing they
have completed ‘tape out’ of their new ASIC. This is the world’s first Bitcoin Mining Application Specific
Integrated Circuit (ASIC) designed using ground breaking 20 nanometer engineering. This important
milestone was achieved only 3 months after starting the project, during February 2014.
Yeah neptunes.
So the question is how long before shipping actual miners now. Another user posted that tape out to shipping time was about 2 months for the jupiters. So would it be fair, even optimistic to estimate early May ?
http://www.reddit.com/r/BitcoinMining/comments/1zn0n3/knc_neptune_20nm_miners_completes_tape_out/cfvup77
Anybody catch the latest here? I think this is for the Neptunes tho I could be wrong. https://www.kncminer.com/news/news-78
Quote
KnC Announce ‘Tape out’ of the World’s first 20nm ASIC for Bitcoin Mining
STOCKHOLM, SWEDEN — March 5, 2014 –– KnC, the most trusted brand in Bitcoin Mining is announcing they
have completed ‘tape out’ of their new ASIC. This is the world’s first Bitcoin Mining Application Specific
Integrated Circuit (ASIC) designed using ground breaking 20 nanometer engineering. This important
milestone was achieved only 3 months after starting the project, during February 2014.
KnC partnered with Alchip and its representative, Advanced Semiconductors Technology (AST), to deliver
this advanced 20nm technology ASIC. This tapeout is the 2nd generation of the bitcoin mining ASIC following
the success of the 1st, which was delivered in a record time of 3.5 months.
This new KnC20nm chip will reduce power consumption of Bitcoin Mining by 43% when compared with the
previous generation. In addition, innovations in the design of the communications circuitry allow for 1440
cores, in a 55x55mm package.
Marcus Erlandson, KnC CTO, is immensely proud of the teams performance, “The combined efforts of KnC
and our partners Alchip means that once again we are bringing to market a world first silicon design and in
record time.”
Johnny Shen, President of Alchip. “KnC and Alchip have been working together on Bitcoin ASIC design for
less than 12 months and in that time we’ve already delivered 2 world-first projects. Collaboration is the key
here and the close working relationship between our teams is the secret to our success”
That's like ~4-5 TH each STOCKHOLM, SWEDEN — March 5, 2014 –– KnC, the most trusted brand in Bitcoin Mining is announcing they
have completed ‘tape out’ of their new ASIC. This is the world’s first Bitcoin Mining Application Specific
Integrated Circuit (ASIC) designed using ground breaking 20 nanometer engineering. This important
milestone was achieved only 3 months after starting the project, during February 2014.
KnC partnered with Alchip and its representative, Advanced Semiconductors Technology (AST), to deliver
this advanced 20nm technology ASIC. This tapeout is the 2nd generation of the bitcoin mining ASIC following
the success of the 1st, which was delivered in a record time of 3.5 months.
This new KnC20nm chip will reduce power consumption of Bitcoin Mining by 43% when compared with the
previous generation. In addition, innovations in the design of the communications circuitry allow for 1440
cores, in a 55x55mm package.
Marcus Erlandson, KnC CTO, is immensely proud of the teams performance, “The combined efforts of KnC
and our partners Alchip means that once again we are bringing to market a world first silicon design and in
record time.”
Johnny Shen, President of Alchip. “KnC and Alchip have been working together on Bitcoin ASIC design for
less than 12 months and in that time we’ve already delivered 2 world-first projects. Collaboration is the key
here and the close working relationship between our teams is the secret to our success”
I have two shares in Neptune #3. If KnC / waldohoover will allow one miner to be refunded, thats 2/60 shares needed.
I have 7 shares and would like to wait.
Is there enough people wanting a refund to cancel one of the miners and consolidate the others?
I say refund, there are other things better to invest in now.
Really? Because I've been looking around for something new, and all I see are Antminers and Gridseeds.PETA right now is going for 1/3 or more of what it is worth IMHO. It should be round .25 -.3 and you can pick up for less then .1.
A mining stock, it's over on havelock, https://www.havelockinvestments.com.
4 shares and I'm totally okay continuing to wait. 95% back isn't terrible, but I'd much rather let them mine and see where it goes.
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