responsibility of KNC was in taking unlimited amount from orders.
only limited amount of boxes during preorder is the way, how deliver positive ROI to investors.
only limited amount of boxes during preorder is the way, how deliver positive ROI to investors.
When I purchased from them I don't remember them saying they were going to limit their sales to protect my ROI. What other company is doing that?
I don't want to join in this argument but to be honest, they kind of did...
https://www.kncminer.com/news/news-24
Quote
"We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we dont ship too many devices and therefore reduce the return to our customers."
But then they put this caveat in at the end:
Quote
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.
Seeing as "large" is a relative term, it means whatever KnC want it to mean; therefore the whole statement is meaningless. Releasing more devices might protect their customers total share of the network, but individual customers don't care about that of course, they only care about their own personal share of the network. Individual KnC customers are competing for a share of the network with other KnC customers as much as they are with miners using devices from other manufacturers.
The whole statement is spin designed to make them look like nice guys while they go ahead and maximize their profit, which is what you should expect them to do anyway.
Exactly correct. Also that "network protection" statement was made on 7/18/13 (6 weeks after they started taking orders) so all the people with units in hand knew nothing about that.