Topic: Swedish ASIC miner company kncminer.com - page 912. (Read 3050080 times)

well said. I also have same value in my mind. The best thing of course new miner could generate more you spent and the value itself increase at the same time. It would be more than double if that would be the case. I am betting this would happen.

one question, what's that KnC refund policy about?! can you send back the miner and ask for same amount of BTC back in terms of USD?!

Yeah, but at least the upgrades they did give some prior notice.
 Even a single day's notice would've been enough for me to at least initiate with my bank, and I'm sure others too. Even if I wanted to pay full up in BTC upfront, it would've taken a day to get my cash into the market again. And on Thanksgiving of all the times to do it with people here in the US nonetheless! That sucked big time!
I just wish they would either honor my order or open up again for existing customers. I still haven't been able to cancel the wire I scheduled. My bank's branch won't let me until later today.

You're right, there is nothing unique about what I'm saying. I'm not sure where you got the idea that this was unique. I'm obviously having trouble understanding what you're trying to explain though. Why would I buy back BTC after 5 months? I would have a miner generating coins for me at the higher value and wouldn't need to buy back in. Let's suppose I'm able to mine 10 coins per Neptune, even though I spent 12. If the coins are valued at 1.2x what they were when I purchased the miner, I will profit in USD. If they are less than that, I could refund my order and buy the same number of bitcoins I started with or more.

haha +1

you and I seem to have the earliest pre-orders, we could ask a premium!

i was pissed when they did this little notice thing with the upgrades too, but i kind of get it now. if they gave everyone a couple weeks notice and told everyone "order opens november 26th" the site would probably crash and cause a ton of issues, i guess they have to give little notice as to not flood the order system? does that make sense?

The Neptunes are my hedge...   maybe in a couple months...

Or if I got a ridiculous offer...  you are offering 20?  I might do that right now!

Excellent, Thank you!
So we have ~6Ph at the moment and we might have ~18Ph in 6 months. Therefore, a Juniper which is mining ~0.3 per day today will mine ~0.1 in 6 months and a Neptune will mine ~0.6 per day. its going to be crazy times for the mining community!

Same. I only knew because of the email. I'll give KNC that much.

But they didn't give any notice prior. They just opened up and immediately closed down.

I understand your logic but as i said if you want to hedge against the worst case scenario you don't have to buy a miner from KnC

What you say is like selling now bitcoins that worth 10000$ and then wait for 5 months. If in the end of those 5 months bitcoin still holds then you 'll buy back bitcoins but probably in a much higher price. If bitcoin collapses your hedging strategy saved you from the worst case scenario. Got it now?
The refund from KnC don't introdute a unique hedging strategy against bitcoin collpasing.

Yer a few people read the last few pages.  Mine said the same but I got a ups tracking number and it arrived yesterday.  I think they have been sent just waiting on the tracking numbers personally!  But im sure there will be a offical word soon

All
 
We have an exciting update for you all today, in 2014 we will be shipping our 20nm product called Neptune.
We are aware more now than ever, that the demand for our product is large with bitcoin prices rising to all-time highs. The lack of available companies in the market place who can actually design, produce and more importantly ship increases the demands for our products as we are the only company who has shipped a 28nm product. We will once again take the bitcoin mining hardware to the next level.
 
Our first offering at 20nm is called Neptune following the naming convention from our 28nm range. It will have the following basic specifications.
 

Minimum 3000GH/s of hashing speed that 3TH (Over 5 times the speed of our first Jupiter release)
   (we reserve the right to increase this as we get closer to shipment)
A 30% reduction in watts per GH,
Shipment begins in Q1/Q2 of 2014,
Bitcoins first ever 20nm miner bought to you form the company who shipped the first 28nm bitcoin miner,
Limited batch for registered customers only,
Existing customers only can buy at this price other batches will be released later to non-existing customers at a higher price.
These items will be on sale for two weeks at this price or until it has sold out.
Payment for this product is bitcoins and bank transfer only.
 
The product is now available for purchase in our shop, If you are a registered customer you can order and pay for it today. Here at https://www.kncminer.com/categories/miners
 
There is a limited supply at this introductory price as a reward to our existing customers who have been with us before.
 
Thanks KnC Team

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I'm pretty sure i saw a neptune on ebay the other day for 20k!

if i got this much, id probably sell too. lol

@Phoenix1969 sell me one neptune  

site problems yesterday ... same here...rest assure...all will be okay...

ditto. i got one as well.

Some people just can't see the forest through all the big trees.....  common.
BTW...  refunds are carried out based on fiat value... not given back btc equivalent.

my jupiter now say payed before said progress
anyone have this trouble?

Yeah, Emails were sent..got one here too.

This is the KnC thread.  Please take unrelated discussion elsewhere.

Pshaw......  @ 1200 a coin....it's practically like an an IPO  Good luck..