Quote from: musicmaker613 on February 04, 2014, 04:33:09 PM

Anyone else read the latest KNC newsletter? Looks like KNC is either one step ahead in the industry or they have their crosshairs on BA. I don't think this is a coincidence. I will point out the letter states nothing about what % of pre-ordered hashrate will be comped, but I would bet it's more than 25% AND it will be available at stated pre-order ship date. The bad news: KNC will have some portion of their pre-order Neptune hash up and going on schedule. The good news: This puts direct competitor pressure on BA to deliver the absolute best comp within their means or risk having next to nothing to offer above the competition in the future.

"Plan B

As you are all aware we broke many world records in releasing the 28nm chip in such a short amount of time. We are a very ambitious company but even for us, to go all in and not be able to deliver on our performance targets, like our competition, would be completely unacceptable to us as a company and everything we stand for. So today we are introducing, Plan B.

To make sure that everyone who has paid for their Neptune we are building a data centre like no other. It is located in the north of Sweden not far from Facebook and other Mega Data Centres and its totally powered by renewable energy.

Over the next few months we are bringing online enough hashing power to make sure that any delay in the Neptune timeline will be compensated with a completely free hosted hashing packages to all fully paid customers.

In the addition to this commitment, as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package where we will simply fill your wallets directly and you wont have to worry about anything else. All the other costs taken care of by us. We are able to do this by using our 28nm chips which is why all products that we have coming out of our factory in the next few months will go into building and supplying the Plan B facility.

If, during the course of development of Neptune, there is any threat to the timelines for delivery, those delays will not result in the loss of any mining time for our Neptune customers. We will release more details of this as we get closer to the delivery date, but for now we have one of the worlds largest data centres to build.

Thanks
KnCMiner Team"

Thoughts?

This is excellent news and very good for all BA stakeholders. The competition has raised the bar and set a "new" standard for just compensation. I may not know all the ins and outs of the bitcoin industry but I do know business. It's a cut throat world out there and surviving means do better and cheaper than your competition. If not...you can kiss your ass goodbye because you will slowly erode away into nothing...leaving only a bad taste in people's mouths and minds. It will be interesting to see how BA and Miner Source respond to KNC's shot across their bow. I believe in BA, I just think they went about it in a bad way. They should have announced it as an investment opportunity...your $ now for a piece of the action down the road. Put out your projection on what you expect to produce and just keep the investors in the loop.

Anybody with half a brain could could figure out that this was a client funded R&D project. And I am sure that everything was going well. until their bench test of their pre-fab run...they didn't hit the mark. Back to the drawing board...BA fault was choosing not to inform their investors (because until they have product, that's what they are) of a possible delay. I say delay, because BA could have chosen to run the FAB and make up for it in the ass end. Investors would have product and compensation for not hitting their stated goal...win/win. OR they could have made a statement after the testing and said the FAB failed to meet it's design specs. "After careful consideration, we at Black Arrow have decided to redesign the chip to meet or exceed original specs" and then follow with w project brief. Sadly they chose not to do either and will be playing catch-up for the next two months...under extreme pressure to perform....would NOT want to be in their shoes right now.

Now there has been something stuck in the back of my head. BA, like everyone else, is going to make millions during burn in...maybe. I say maybe because I don't know if they are like the computer industry and burn their equipment in before release. If they do...their lies all the capital they will need to fund just compensation.

This whole pre-order thing is quite ingenious. Wish I had thought of it. Obtain VC without have to give up a stake in your company. This if fact boarders on Super Genius.

and yes, I am a pre-order holder.