Topic: Swedish ASIC miner company kncminer.com - page 675. (Read 3050075 times)

what is your expectation of profit?  If you can make more profit doing anything else with your capital then of course, move it

As i have stated in burnin's thread I do understand getting sick of customer complaints, but i don't understand why can't they sell to some select customers?

What if Neptune Batch 1 customers get their 3Th/s before the Neptune comes out and until the moment of actual shipping? That would kick ass!


They are all in on all fronts!

Looks like CEX.io and ghash.io have some competition. 

This all is a big smoke screen it seems. I'm trying to make sense out of it and am having av difficult time.

I have a batch 1 order. Wtf does this mean? I don't see how this info helps me make an intelligent decision... Do I hodl or bail and reinvest elsewhere?

So, as suspected, the new business plan is cloud hashing.  After the Neptunes all get delivered, there will be no more equipment deliveries from KNC.  They got sick of all the customer complaints, RMAs, shipping costs, etc.

Going forward, they will sell hashing power only.  They are building the data center regardless of Plan A or Plan B.  The only questions is, where the hashing power/coins will be directed. 

Once it is built and all of the Jupiters are hashing, they will either direct the hashing power to Neptune customers (Plan B) or start selling it (Plan A).

What worries me is that they said they will mine to your wallet rather than to your chosen pool.  What this really means is that KNC will be mining and collecting/stockpiling Bitcoins and then paying out the calculated number of Bitcoins to your wallet.  This means low variance since you get the number of coins calculated by the hash power/difficulty but it also means centralization since you can't move the hashing power elsewhere to balance the network.

mining doesn't change BTC price..    BTC price changes mining

there is just way too much profit with their 28nm costs all paid down to not just pump them to da moon for themselves

at least asicminer had shareholders..we should of asked to buy shares, not modules

Sadly, it seems to me, that KNC have used the Neptune pre-orders to crowd-fund not only the 20nm Neptune development NRE costs but also the costs of setting up a new data centre in Sweden and probably with the change left over they have bought a big batch of Jupiters to fill it with.
Once the Jupiters are online the BTC from them between now and 1st July should give them a tidy profit, I think. I guess they have their current hosting facility stuffed with them already.
If they have set it up right it will be continuous production with re-investment acceleating the hardware mountain they are building.
They could even turn the Neptune into a "virtual product" that you never physically receive.
They could just give everyone equivilent hash power in their data centre and say there you go, that's your Neptune.
Delivery problems solved! (for them).
No need to worry about centralisation, we've got it covered!

When BTC hits $2K, then $5K, then $50K due to the laws of supply and demand...I think we're all going to look back on this and wonder why we complained so much.

It's best to buy coins now.  They may fall a bit more to $600 as a new bottom...but coins are becoming more rare with each passing difficulty increase and a constant new influx of people and services wanting to use them.  The majority of the worlds big money investors still have yet to jump in.  People should be jumping in now before they do.

 

Hey Bitcoinorama, how is the "plateau" effect going on?

So, the "Plan B" promise is their attempt to encourage people not to refund.

But really, as I called it, they don't care if people refund or not. Ultimately, it'll save them having to put 3TH aside and run it for "free" for x months until they can ship physical goods.

I'm sure they'd like to 100% fund the data centre from the neptune mark-up, but, hell, worst case scenerio, they might have to spend a little of their own money

P.S. I see the KnC Director of Communications has logged in again since the last time, to answer all your questions. I guess I just can't see his posts...

Was there ever any other end scenario?

all we can hope for now is a repeat of the video game glut of 1982...  let it all fall down and we can come back later and pick from the remains in a few years

Good to see you all funded a new data center.

Good Luck.

Yeah.. I'm not a KnC customer - BFL (ugh) and HF (ugh) - but when I saw this, my first reaction (and it remains my reaction) is that the consumer-miner is out of business once the present generation of machines is no longer viable - those are already delivered or whose delivery is obliged by contract. 

We're walking dead.  Zombies.  Mining will now be done by chip companies, probably allied with capital for datacenter fab and operation.  You might buy shares, but shares that will only ROI with steep BTC appreciation.  It's over.  And I barely even started!

Because they don't have Neptunes now, they have Jupiters. One of the most important factors, beyond efficiency, is mining now vs later. Which is why the folks using antminers and the other chinese equipment over the past 45 days, will make more than someone getting a Neptune 3 months from now.

I think they can get more $ per GH now from loyal customers than after they are done shipping Neptunes, unless they go Bitfury style with way overpriced plans/miners to catch some suckers in.

What i don't understand is why make a big datacenter now with Jupiters when you can set things up and do it with Neptunes with lower power consumption than Jupiters unless they plan to sell them after they have Neptunes in hands.

Just caught the newsletter. So basically, what Avenger and I have been saying for quite awhile, has come to truth. They absolutely ignored their NPS for their Batch 1/2 customers, and have been hoarding 28nm. Unless I'm taking that newsletter entirely wrong.

Don't you like how they talked about the NPS as if it related to the Neptune customers, when it didn't? Am I one of the few in this thread to notice that?

And how they're talking about things "as the end of the NPS phase" comes. Fancy wording. Basically they're like "lol, we held out and nobody held our feet to the fire". Competition has been shipping for almost 2 months now, throughout the entire NPS phase.

Anyone seeing this as good, stop being optimistic and be a little more analytical: they're basically putting on a parachute because they're not 100% sure of their internal milestones anylonger. This way their ass doesn't skid on your face as hard as a pure crash.

Also, correct me if I'm wrong, but they're going to be using on-hand 28nm systems to provide the 3TH per Neptune customer (the first 1,200) if they're late. They supposedly only ever kept 5% of their total deployed hashrate. Is 5% of their original deployed hashrate equal to or less than 1,200 3TH machines? ..... Something to think about.

They've clearly jumped ship from the community, from supporting you folks who propped them up with your free capital loans.

Glad I didn't bank on KNC this time.

can't forget about the rule of ASIC hardware vendors

contracts with investors > promises to investomers

So, the Neptune isn't taped out yet. The chip is still on development. After is taped out, it takes again roughly 3 months at least before the chip comes out of the fab. We will never see the Neptune before end of May at the earliest.

With their Jupiter modules they prefer to mine instead of selling the modules.

They don't say when the plan B will be activated precisely so that might be end of June.

Very disappointing KnC.