Topic: Swedish ASIC miner company kncminer.com - page 658. (Read 3050075 times)

KNC offers 3 options to all fully paid Neptune customers.

source: http://www.coindesk.com/kncminer-offers-plan-b-case-neptune-miner-delivery-delay/

if you ask me even orama doesn't like the turn of events otherwise he'd be here posting.

you think he's regretting he took a job at KNC?

Choice 1 and 3 are mutually exclusive?  Take door number 3 and never get the actual Neptune?

KNC offers 3 options to all fully paid Neptune customers.

source: http://www.coindesk.com/kncminer-offers-plan-b-case-neptune-miner-delivery-delay/



does this mean a 6 month contract costs $9,995

TGB works good for short term, but it (at least historically) continues to extrapolate an exponential increase in hashrate over the longer term. I haven't used that calc in several months, so this may be old news.

However, when it was first used to generate a lot of FUD, it showed such. That has already tapered off. What we'll likely see in coming months is a number of spikes where it goes up by a lot, followed by a small climb for a couple of diff periods. Then it will taper off. The problem, of course, is predicting how those spikes and valleys will happen. This is essentially impossible in the long term, and this is not solely a bitcoin problem. We know who the major players are, but there is a lot of interest in building and disseminating hashpower. Ultimately it will come down to the mix of exchange rate and electric costs.

Which seems to me to be a great opportunity, one I'm going to pursue. Off grid power generation is going to become necessary to the mining community sooner rather than later, or else a great many of these machines are indeed NOT going to achieve positive ROI in the not too distant future. Even if you, like me, don't care whether that ROI is bitcoin or fiat or gold or fucking cows. Yet if you could generate your own power, the useful life of the machines becomes indefinite, rather than extremely finite. I've long been interested in small scale power generation anyway. I have some interesting ideas along those lines, and when I get them firmed up a little better I'll start a thread regarding that. Not sure what subforum it should be on, though

On topic, I suspect that this hosting facility of KNCs is going to be a PR disaster for them. I think they would have been smarter to just do it quietly, sell Jupiters, and be up front about any delays. I think such a center would be good for the network as a whole, as it would put a cramp on CEX and force them to be more competitive in their share prices, plus leading just generally to more competition in cloud mining. But they way they appear to be doing this is, frankly, stupid.

Yup - and i bought coin instead.

Paid BTC10.71 for the customer appreciation batch.

Refunded $10,210

Bought coin for $762 each for a total of BTC13.34

BTC2.63 gain

One reason I bought the Neptune with BTC was because i thought it would be a good hedge against BTC/USD dropping

So... if they cessated manufacturing of 28nm jupiter modules; what exactly is powering the creation of their "World's largest" 28nm mining farm? Unicorn hashers?
If they haven't been manufacturing more 28nm jupiter modules, then just how many thousands did they hoard since the last sale in November? 

Keith (kncminer)
Feb 07 15:12
Hi,
Apologies for the delay in replay and for not answering your question clearly. We have not been manufacturing 28nm miners since the shipping of the November batch completed. Our first priority is to develop and produce the 20nm Neptune miners and plan B will be put in place as a backup.
If you have any further questions please do not hesitate in contacting us.

Best regards  |
Med vänlig hälsning
Keith Gurnett
Kncminer
www.kncminer.com
Office: +46 8559 253 20

Something some folks may not be considering is the resale value of their system, or lack thereof. If KNC doesn't allow for a transfer of equipment, will they allow a transfer of mining contract? At least with the hardware, there's always someone out on ebay willing to buy it from you, likely above MSRP even if you can sell it soon after receiving.

You could still subcontract the miner out, but would you ever get $13k back from it? Doubtful.

If it were me, I would look at it like this: A lot of the folks who were KNC-crazy the past few months, who claim to have made huge profits on their first units, either didn't preorder the Neptune or refunded their Neptunes over the past month.

That's worth considering.

Something some folks may not be considering is the resale value of their system, or lack thereof. If KNC doesn't allow for a transfer of equipment, will they allow a transfer of mining contract? At least with the hardware, there's always someone out on ebay willing to buy it from you, likely above MSRP even if you can sell it soon after receiving.

You could still subcontract the miner out, but would you ever get $13k back from it? Doubtful.

If it were me, I would look at it like this: A lot of the folks who were KNC-crazy the past few months, who claim to have made huge profits on their first units, either didn't preorder the Neptune or refunded their Neptunes over the past month.

That's worth considering.

as usual the above follow the conclusions I really really have NO IDEA....still grappling with all this

Searing

I see more punting Neptunes back for refunds then virtual mining

Who actually thinks that KnCMiner will deliver 20nm ASIC device before July 1st ?
This bet is for you http://bitbet.us/bet/752/kncminer-will-deliver-20nm-asic-device-before-july/

as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package

quoted from their announcement, emphasis mine.

Now what if they will offer special prices for previous customers on their cloud mining?

someone send KNC a few of these shirts