As mentioned before, a bigger problem is the LTC price.
http://www.coindesk.com/litecoin-price-decouples-bitcoin-slump-continues/A snippet:
The biggest problem is the sheer lack of money in litecoin and that other popular alternative cryptocurrency dogecoin.
The combined market cap of the two most popular scrypt altcoins is about $250m, yet KnCMiner was hoping to sell 2,500 Titan miners at $10,000 apiece – and that’s just the first batch of such miners, from a single company.
In other words, if it shipped today, a single batch of KnC’s scrypt miners would cost $25m – roughly 10% of the combined market cap of litecoin and dogecoin.
A glance at those figures reveals that this level of investment in scrypt mining hardware will be hard to justify and maintain in the long run.
Additionally, the added hashing power these miners will bring is likely to further impact prices of scrypt-based altcoins in the near future.I dunno, I think the biggest issue with this company is still the fact that they took your money and didn't deliver a product (and looks like they never will). Why do you defend this company so much? Seriously you have defended their every move all the way down, and now, when it is obvious to even the most hard core shills that no product is ever going to get delivered, your attitude seems to be, well it doesn't matter, the product wasn't going to be profitable anyway. As if that somehow excused their behavior.
With that said, you are correct about their return, or lack thereof. As near as my estimations can tell, you could have the 250Mh/s device delivered TODAY and it will never pay for itself.
I think you have selective memory here. I wouldn't call my actions as defending them. I was often critical of them, especially in the last 3 weeks or so. The thing I did jump into was to quell the personal attacks. I saw those as getting in the way. You need to take a look at my posts over the last few weeks before spouting that stuff again, and don't be selective. Look at them all. Multiple times I mentioned and thankedboth Retro and Vesper for their work.
I might have lost 500 Euro. I don't even make much money but I have called my investments right in this space spectacularly so, and taken some, what others would call, huge risks along the way. So I am not sure if you expect me to be angry or the like. I move on and don't hold. I am super happy to have been able to experience all that I have in this space, everything. I am just not very affected by all of this. I'm honestly enjoying life too much.
I chose my handle for a reason,
Its about sharing
Ps - My post you replied to had NOTHING at all to do with discounting AT. I was saying the crashing price of LTC is a huge issue. And probably losing just the deposit would be better, for me anyway, than having a miner right now, as you alluded to. Less of a loss financially perhaps.
