KnC have been anything but quiet of late. Their wafers have left the fab, and are currently being packaged.
Hashfast have promised 20th-30th Oct, removed any refund and accountabulity, then changed that to 'anticipated' AFTER taking funds, released a refund window of 14 days in Jan, offered a 14 day warranty, changed their terms and conditions umpteen times, and now both claim to have the right to change products spec at will, and change all terms of sale, or sever them at will without agreement of the buyer. People should really go take a gander at their latest terms. They changed them 5 times last week alone, adding a massive red flag. I'm still waiting for someone to spot it. That's in addition to their questionable marketing ethics, flase twitter accounts, shady effort to raise funds starting at $0.5mil investment through a shell company called Gridfinity, and a miner protection plan, that costs them nothing in the scheme of things and the buyer plenty of time and money, and in effect protects squat.
Cointerra at least now offer secure payment methods, but like Hashfast offer a best case simulated estimate of Hashrate and not a realistic deliverable. Unlike Hashfast they haven't lied about delivery and to secure funds and changed their terms after receiving payment, which is fraud.
I'm still waiting to see Bitfury's real world hashrate and power results from individual users on video, but to his credit even though it's not turned out totally as planned, for a sole effort, the boy's impressive.
BFL...
Bitsyncom are the biggest upset, they had it all in their hands, a once in a lifetime chance, and they got corrupt and blew it for greed.
VMC, something seems wayyy off there. Deleting forum posts is not good business practice, neither is staffing the whole operation with your family. Regardless of whether eASIC is onboard their 28nm design choice may bring speed to market, but not competitive performance.
XCrowd I always said were a waste of time and I was slated for it, yet who was right? Fact is you cannot manufacture devices like these based around good looking devices with many expensive parts that are time consuming and costky to assemble, and have many points of failure, but apparently people in this forum are easily blindsided by aesthetics over function. It was clearly an attempt at a scam from the off, but they were screwed by demands for secure payment methods.
People need to be wary of power consumption estimations, I'm not a KnC shill, I never have been, all I've ever done is pointed out that they are the only company staffed by experienced engineers with know how that have been honest with the factual information that they have had to hand at the time. Real engineers will not promise marketing hype to tie up your funds without accountability. They promise what they know is possible and adjust the predictions as and when the data available becomes reality by being proven fact. Good business practice offers secure payment methods.
Hashfast have promised 20th-30th Oct, removed any refund and accountabulity, then changed that to 'anticipated' AFTER taking funds, released a refund window of 14 days in Jan, offered a 14 day warranty, changed their terms and conditions umpteen times, and now both claim to have the right to change products spec at will, and change all terms of sale, or sever them at will without agreement of the buyer. People should really go take a gander at their latest terms. They changed them 5 times last week alone, adding a massive red flag. I'm still waiting for someone to spot it. That's in addition to their questionable marketing ethics, flase twitter accounts, shady effort to raise funds starting at $0.5mil investment through a shell company called Gridfinity, and a miner protection plan, that costs them nothing in the scheme of things and the buyer plenty of time and money, and in effect protects squat.
Cointerra at least now offer secure payment methods, but like Hashfast offer a best case simulated estimate of Hashrate and not a realistic deliverable. Unlike Hashfast they haven't lied about delivery and to secure funds and changed their terms after receiving payment, which is fraud.
I'm still waiting to see Bitfury's real world hashrate and power results from individual users on video, but to his credit even though it's not turned out totally as planned, for a sole effort, the boy's impressive.
BFL...
Bitsyncom are the biggest upset, they had it all in their hands, a once in a lifetime chance, and they got corrupt and blew it for greed.
VMC, something seems wayyy off there. Deleting forum posts is not good business practice, neither is staffing the whole operation with your family. Regardless of whether eASIC is onboard their 28nm design choice may bring speed to market, but not competitive performance.
XCrowd I always said were a waste of time and I was slated for it, yet who was right? Fact is you cannot manufacture devices like these based around good looking devices with many expensive parts that are time consuming and costky to assemble, and have many points of failure, but apparently people in this forum are easily blindsided by aesthetics over function. It was clearly an attempt at a scam from the off, but they were screwed by demands for secure payment methods.
People need to be wary of power consumption estimations, I'm not a KnC shill, I never have been, all I've ever done is pointed out that they are the only company staffed by experienced engineers with know how that have been honest with the factual information that they have had to hand at the time. Real engineers will not promise marketing hype to tie up your funds without accountability. They promise what they know is possible and adjust the predictions as and when the data available becomes reality by being proven fact. Good business practice offers secure payment methods.
I find it funny that you're still championing KNC over every other vendor. There is only a week and a half left in September. When the end of the month comes, I expect to be proven correct, that KNC will delay... how long will they delay? That's anyone's guess.
Like seriously, wtf Bitcoinorama. Is it really that hard to see why people think you're a shill? There's only a week and a half left for KNC to meet their initial shipping deadline and no signs they will ship in the next week and a half, yet you are still glorifying them. It's like an abused wife denying she's being abused while her husband is in mid-swing...
PS: Nothing personal bitcoinorama. I like you and like having you around. However, I find it puzzling how you can be so blind to think KNC's shit doesn't stink. I would love to be proven wrong about them delaying, as I have a couple orders with them. I just don't see them making a September shipping deadline.
Coinhoarder I know product design, I know engineering, and I know how to raise funding. Please pick a hole in the analytical content I gave and not tr to make assumption as to my intentions, which ai might add are sincere. I have made the right choice on this forum multiple times, and there is one significant area every manufacturer bar KnC has overlooked. I will stay quiet on that point until Cointerra deliver, but with respect to the above, am I wrong?
This is a crucial week for KnC, make no mistake, but they had the drop, the most well thought out and sensible one on all their competitors. If Hashfast had been planning their ASIC as they claim from 2011, then why on earth would they allow KnC to walk in and tie up all funding three months earlier?! Why not state your intention right then, and show your proof of conceptual design of you have it to hand, generate interest and prevent your legitimate competitor from beating you to the punch? Because like everything Hashfast has claimed has been dishonest. They left it too late, they know it, so they are lying and begging to secure funds with unrealistic delivery dates and chip specifications, alongside marketing gimmicks, and 'flash 3-day sales'. No real payment security, no accountability. Read their terms of sale, and you will gain a picture of their true lack of integrity.
Cointerra has been more realistic with delivery timeframe, but they have not raised NRE costs, that part is painfully obvious by their erratic behaviour. They could prob do good, but unlike Hashfast they weren't prepared to bend truths, and bear in mind whether the '20-30th October' has become 'anticipated 20-30th October' (after securing funding), and they have changed their 'terms of sale' to remove all accountability and consumer protection (4-5 times a week ago alone - still waiting for someone to point out the huge removal of customer rights there). There is no way in hell TSMC agreed to the 20-30th October even with a super hyper mega rocket run, and those guys do not bend for anyone. If called to by court TSMC would tell the truth. Hashfast will be at least 2 weeks late. Minimum. They won't receive their chips till at least Nov. Their terms suggest possibly even more, then 90 days later, you get ditched with chips you are expected to assemble yourself, with expensive components required to house the chips and have them hashing. Again they have just removed pricing they were encouraging purchases by claiming a hashrate pricing per Gh of approx $2.60 (I forget precisely - as I said it's yet another removal made after sale has taken place). That price included the chips from the Miner Protection, fine, but it didn't include the additional costs required to purchased the board and necessary components within that price per Gh. Purposeful advertising claims with the intent to mislead and coerce sales, by fraudulently appearing a better deal than their competitors, and you doubt my analysis of competing companies and calling out foul play as shilling? It's logic dude. Marketing magic, by misdirection involves you stay alert and focus on both hands, not just the one handling the cards.
I'm happy to be proven wrong, for those unfortunate enough to have funds tied up there, I hope I am. I'm man enough to openly apologise of proven otherwise, but I'm not stupid, and frankly I find it insulting how some these companies assumed we all are, let alone set up a business and expect us to fund it's entire existence and their lifestyles so they can have their own free paid for hashrate on tap.
