Topic: Swedish ASIC miner company kncminer.com - page 670. (Read 3050075 times)

How much do you want to bet?

I can almost guarantee that we will ultimately never be given the option of delivery for whatever bullshit reason they conjure up.

The more I think about this, the more I'm convinced it will come true.  Someone please convince me that I'm crazy and I'll book an appointment for a shrink right now!

Why will no one see a working Neptune? I will be having mine delivered, regardless of the data centre.

I'm in full conspiracy mode now, lol.  I haven't seen anyone mention this very likely possibility yet...

20nm will never be developed by KNC.

Why?  Because if KNC never has to deliver a working Neptune to your door (c'mon aren't we all thinking we'll never see a real Neptune in person, right?)  Then what incentive do they have to build the new product when the 28nm Jupiters will do the hosted mining job perfectly fine with ultra cheap electricity.

We might see photos of datacenters filled with "our" Neptunes hashing away.  Shhhh, they'll just be Super-Jupiters in newly designed boxes.   But we will never have direct control of our individual boxes, just some vague, generic hashrate that we may have minimal control over.  So we'll never no for sure what KNC is hashing with.



Bookmark this post.  I want full credit when the conspiracy is exposed.  

Shhhhhhhhhhhhhhhhhh

Probably, who knows. All I know is I've made 25+ BTC with about 8grand in equipment, and I'm about to get more free equipment. Combined with my BTC mining, it's been a good year, and I think a lot of batch 1/2 KNC customers can say the same.

How about they give Neptune preorders 3Th of hosted mining power right fuckin' now?

Ding!  +1

Without any concrete details that could mean a lot of things.

1) When exactly do they feel they are obligated to compensate Neptune customers?
We should assume July (Q3) at this point.

2) When will the mining farm be operational?
We should assume if it's up and running BEFORE they are obligated to compensate Neptune customers that they will be mining for themselves.

If they do fullfill Neptune orders with the mining farm, it will still be up and running after the Neptunes finally ship so no matter how you look at it, the farm will devalue Neptunes.


I love to geek out on mining hardware too but not at the expense of my precious BTC.

A simple read on plan B: Knc will give people with neptune orders 3Th of mining power that would be hosted in Sweden (probably/hopefully sometime in Q2 and NOT on July 1!. Once Neptune (20nm) is produced in Q3-Q4, they will give you an option to replace your 28nm chips with 20nm hashing chips while maintaining your hash rate (or slightly increasing it) in lieu of sending you the actual machine.

Is this where all the money laundering went??   if so.. yeah will be profitable!   

Scryptmining is still lucrative!

I've made more with that, trading it up to BTC< than bitcoin machines alone.

I'm not done mining quite yet.  I'll keep all of my existing preorders, really just because I want to geek out on them.  But I'm done buying any new mining gear, preorder or in-hand.  I will continue to let my current gear run until they become unprofitable and then unplug them.  And then I'm done.

As we are talking about greed


I've got to take my hat off to them - they seem to have managed both!

I'm pretty sure the statement is to use the 28nm farm to fufill the Neptune 3th orders....

You've given me something to live for!  




I like your thinking.  That narrative makes for an interesting future history for Bitcoin.

But don't we need continued, uninterrupted hashing of the Blockchain to keep it viable?  There is a possible lesson to learn here.  Don't throw out your old mining gear when it becomes obsolete.  We may need to plug them back in someday to rescue Bitcoin from collapse.

While it's nice to finally get an official update it appears we won't be getting any concrete details any time soon and have to read between the lines. These are the main points I took from their update:

1) Neptunes will not ship before May as their 20nm chip design has not been "taped out" at this point. They are also not very confident that they will ship before July hence "Plan B". This means Neptunes will not have a positive BTC ROI with the current projected increase in network hashrate (which "Plan B" will contribute too).

2) They have chosen not to share the success of their 28nm chip with the early investustomers that took huge risks to make that success possible and instead will be directly competing against them by devaluing their Jupiter/Neptune miners with a private 28nm mining farm which will raise network difficulty prior to Neptune delivery.

I've really tried to hold onto the belief than KNC is 100% legit but I'm really starting to doubt that now. I seems very likely that the "Q1" part of the ship date advertised in the Neptune batch #1 pre-order was never a possibility and was intentionally misleading (worked on me). I have no idea why the "we're probably going to sell Jupiters from stock soon, hold onto some BTC" turned into "nevermind we're keeping them for ourselves" but greed is really the best guess.

Their "Plan B" might sound great on the surface but it is actually quite terrible for their Neptune customers. First, a private 28nm mining farm will directly lower the ROI of Neptune pre-orders before they even ship. Second if you really consider the fine print, Neptunes won't technically be late until July which will be WAY past the point of positive BTC ROI any way you look at it. They would be under no obligation to offer "cloud hashing" as compensation before July so Plan B would only lower the amount of BTC lost at that point. It seems 100% clear now that it would be best to refund and purchase BTC directly as I can not see any chance at all that a Neptune will have positive BTC ROI even with Plan B. The only hope would be that the network hashrate levels off. Maybe I will hold onto my Neptune pre-order a bit longer to see what happens but it shows no sign of slowing down any time soon.

For me this marks the end of mining as KNC was my last hope for providing miners with a positive BTC ROI but it appears they too have succumb to the greed just like all the others who have found themselves in this position. I really was starting to buy into the idea that KNC was going to bring us early customers along for the ride but it's now obvious they've taken the ball and gone home without us...

He is a "Director" of some sort, no?  The purpose of having Directors in a company is that they are involved in all important discussions if it concerns their job title.  And wasn't that "Communications"?  So isn't safe to assume that, by his job title, he should be communicating with us about this very important topic? 

bitcoin worked fine ~$100 last summer..  I wouldn't mind it going back down to screw these apes
there will be a lot more selling pressure of bitcoin than buying and the fees will just increase.

It makes more sense that the collapse of mining will be the beginning of Bitcoin. Once people can no longer print their own money it starts to become legit.