Topic: KNC Neptune Refund (Read 3297 times)

stay nimble

and remember that promoting the use of bitcoin will increase the base value that gets amplified by scarcity/hoarding

it doesn't work the other way around.  10000000x of nothing mineaswell be called CNC

I didn't say hold forever, I've been trading them hard. These big volatile movements are huge opportunities. Selling them directly from mining however, that would have made it so I couldn't buy a bunch of jupiters from the mining income of a few gpus! The more I get at a lower price, the more I can spend on other things, be it mining hardware or other goods. Right now we are at the beginning of this thing, holding some for a long term investment is a good risk.

wow you like to go digital quick on an issue...   I do have faith in bitcoin's utility and use it but to think you should just hold forever like some gold hoarder shows your fallacy as well right?

So when is the time to ever sell bitcoin?? never?? only wait till the world stops using fiat and only uses bitcoin?  is that your stance?  I probably bought more things than you have with bitcoins (don't include miners)

to be clear, since you will leap if I don't spell it out, I don't mind buying bitcoins to use no matter the price but don't really think hoarding is the answer in utility.  
That is why I put gambit in my sig, since that is a wonderful use for bitcoin and have a bunch in there so I guess I am 'holding' btc while they are in there.

Explain how a group of hoarders will help spread the utility of bitcoin?  paint yourself in a corner now have we?  And you say you trade as well so that means you are just in it for the speculation 'belief'

I was saying "buy more" and so were a lot of people I know Actually I was buying on the way down, trading these huge dips, and doing quite well.

Selling the coins as you mine them? So you have zero faith or interest in the success of Bitcoin. Nothing you say has any relevance to these discussions, because you don't believe in it.

big talk once it is back to 700..  you might want to revisit the posts during the time it was $400 and see how many people were saying 'buying more'

but hey that is the 20/20 hindsight bs that this forum is known for...


my stance has been to just sell the coins as I mine them...  i may trade with the proceeds from time to time, but I rather not hoard and hope like most

Hilarious post. In the hashfast thread everyone was freaking out that they were going to pay the $ value of orders back on refunds made instead of giving the bitcoins back. Here people are hoping they can get the dollar value back instead of their btc so they can buy more coin. As usual, you paid a price in $$. You will receive a refund in $$. Knc has used bitpay, which means your btc payment was sent to them immediately in fiat and any refunds would be in that form. Why you want a refund on an order from two weeks ago with a 6minth timeframe is beyond me. If that was your last dollar, you really shouldn't have been buying a speculative machine with it. On a big dip like this you should have been buying more coin like so many did.

Is plateau a synonym for vertical line?

And it's barely started.  It's gonna go FULL FUCKING RETARD for the next few months while all this 28nm pre-order shit eventually rolls out.

A great big steep exponential curve is what Bitcoinorama calls, "plateauing". LOL.

http://bitcoindifficulty.com/

is it me or is that line getting even more vertical?

I agreed. People who want to get involve with BTC need to have more balls. Or just buy bitcoin.

They already said the refund will be in US$ when you agreed on the purchase. So nothing new there.

I think a lot of you should refund your Neptune order.

Lol, it sure quieted down in here since BTC rebounded nicely over the past 2 days.  See, the mass panic was all-for-naught.

But be prepared for the next "crash" and the next "rebound" followed by the next "bubble"... ad infinitum.  But for god's sake, don't PANIC!

https://www.kncminer.com/categories/miners


It would be very bad if they started refusing refunds at this time.

At 20nm this machine is built for the future if the power consumption to hash rate falls in line. I bought one of these hoping that it will remain profitable for a longer period of time, keeping me in the game for longer.

If you payed with BTC, you used bitpay. That means that KNC never saw your bitcoins.
You give your BTC to Bitpay and Bitpay gives $/€ to KNC.

If you ask for a refund, they don't even have to accept it, as nothing is specified in their terms and conditions : https://www.kncminer.com/pages/tandc
If they do, because they never saw your BTC, the refund would be in $/€.

What a bunch of wishy-washy fraidycats!  Grow some balls and tough it out.  Or better yet, quit mining and go "speculate" on the exchanges.  Good luck with that!  Leave the mining to those of us who aren't going to crap our pants every time there's a price dip.

Oh by the way, the current price is up almost $200 over yesterday's low.

This is why I felt $10K was too much.  $14K one month later for 2nd batch ppl hurts.

I guess if all you care about is fiat and the price rebounds, then hurray.  The golden days of mining hundreds upon hundreds of BTC is gone.  People selling off their ability to mine now so they could get machines later seemed silly to me unless you are having luck selling pre-orders to suckers on ebay.

It won't keep doing it forever but I think it will continue for quite a while.  It might slow down a bit in March but then all the manufacturers that are running behind schedule will hit and push it higher.

At least over the next 3 months it's going to be murder because the difficulty is already rising very rapidly with existing hardware being delivered (antminer, avalon 2, asicminer, Bitfury etc.) and now Hashfast and Cointerra as well as Bitmine are about to start dumping chips left and right and this is without counting the multiple Chinese ASIC manufacturers that are about to release their chips.  Then guys like Black Arrow will come online, etc.

I would honestly use something like 8 billion to estimate what difficulty will be by the time you get the Neptune, assuming there's no crazy issues with 20nm that make it super delayed (which is possible, and issues with 20nm take longer to fix).  Then you have to take a guess as to where BTC will be at that point, which is something that almost nobody can answer at this point, but all I can say is that it'd be insane to just assume it'll be worth more than 600 when it's tanking in front of us.  If you use something like $300 a BTC and 8 billion difficulty then ROI starts to look difficult.  If you are an optimist and use something like 5 billion difficulty and $400 a BTC it might eventually ROI but it's not going to be the quick money people are hoping for.

How much do You want for this preorder? 1 Neptune or 2? Batch 1? Order #?