Wow, I am getting more and more interested in KncMiner. They seem to be saying and doing all the right things.
If they can delivery on their claims in September, and do a decent job of keeping up with demand, they will be the new gold standard in Bitcoin mining hardware.
In their defence, they at the open day, actually said, "they intend to set the gold standard...", with respect to Bitcoin hardware, fed up seeing a lack of professionalism this far. So let's see...
They want to be in this for the long haul and this means behaving in the best interest for Bitcoin and those that support and use it.
Do you remember they mentioned somewhere producing a ~$20k device in the terahertz range as a gen-2 product? Part of their "in it for the long term / repeat customer" strategy? I'd love to make enough from these early devices to invest in a $20k device ^_^
They have alluded to a larger mining device in future, yes. What hashrate? No one knows. Marcus has much scope to play and revise future chips once they know what they have.
There is a poll on their homepage currently, if you want a larger device, go vote!
Oh I did, sadly seems the majority want a smaller option. Only 19% voted, like me, for the larger device.
Thing is they are not keen to scale up the customer support required to service such large volumes of individuals, but would prefer to offer an IPO share type agreement, or encourage a cottage industry of safe unit sharing,at least thats what was discussed at the open-day. However since the poll, options are likely open, as the response has been strong for a smaller item, and the peeps have spoken...
Obviously cheaper units will always win, nothing else should be expected and it's pretty pointless to make a poll, the result is clear on beforehand.
The real point is how much money are the "big" customers going to invest compared to the "small" customers: if the 20% that voted for "larger unit" are willing to spend $15,000 each, and the 80% that voted for "smaller and cheaper" are willing to spend only $700 each, it's pretty clear what is the most profitable business decision to take, without even considering the additional costs related with bigger customer support.
In any case, I think they chose well the two models available as a starting point. Then, the market will tell them what is the most profitable option, they will see it on the order book, regardless of the poll.
