Quote from: Paladin69 on October 10, 2013, 05:51:51 PM

So you feel KnC's business model is opposed to their customers but are not against it.

Think about it; their incentive is (pre)selling as much as possible for as much as possible. Selling more means increasing network hashrate, screwing their previous customers, particularly the ones that havent received their goods yet (you ordered BFL, you know what I mean). They cant even really control the speed of this, since whatever they dont sell, KnC's competitors would sell, and then some. Thats just the nature of the beast, not something I blame KnC for. Add to that the fact that asics cost next to nothing to produce, so the price will just drop proportionally to difficulty for a long long time, and you can easily predict what will happen. Ever cheaper asics, ever increasing hashrate (at least until we get somewhere near marginal costs) and miners crying their tears out. Its gonna keep happening for quite some time.

IN theory KnC (or anyone else) could have priced their products not according to their perceived value, but according to their costs, from the start, spreading their NRE over far greater volumes from the start. But then you are asking a for profit company to forgo enormous profits, taking the risk of not recovering the NRE and on top of that, demand would have been so astronomical that they could never have delivered anyway.

Bitcoin asics are a weird market, I dont blame anyone for the dynamics of it, there never was a solution for this other than profit (and risk) sharing arrangements with the vendors, asicminer style.

ANyway, if you want to continue this discussion, we should do it in another thread.