Quote from: Tehfiend on February 04, 2014, 10:09:47 PM

While it's nice to finally get an official update it appears we won't be getting any concrete details any time soon and have to read between the lines. These are the main points I took from their update:

1) Neptunes will not ship before May as their 20nm chip design has not been "taped out" at this point. They are also not very confident that they will ship before July hence "Plan B". This means Neptunes will not have a positive BTC ROI with the current projected increase in network hashrate (which "Plan B" will contribute too).

2) They have chosen not to share the success of their 28nm chip with the early investustomers that took huge risks to make that success possible and instead will be directly competing against them by devaluing their Jupiter/Neptune miners with a private 28nm mining farm which will raise network difficulty prior to Neptune delivery.

I've really tried to hold onto the belief than KNC is 100% legit but I'm really starting to doubt that now. I seems very likely that the "Q1" part of the ship date advertised in the Neptune batch #1 pre-order was never a possibility and was intentionally misleading (worked on me). I have no idea why the "we're probably going to sell Jupiters from stock soon, hold onto some BTC" turned into "nevermind we're keeping them for ourselves" but greed is really the best guess.

Their "Plan B" might sound great on the surface but it is actually quite terrible for their Neptune customers. First, a private 28nm mining farm will directly lower the ROI of Neptune pre-orders before they even ship. Second if you really consider the fine print, Neptunes won't technically be late until July which will be WAY past the point of positive BTC ROI any way you look at it. They would be under no obligation to offer "cloud hashing" as compensation before July so Plan B would only lower the amount of BTC lost at that point. It seems 100% clear now that it would be best to refund and purchase BTC directly as I can not see any chance at all that a Neptune will have positive BTC ROI even with Plan B. The only hope would be that the network hashrate levels off. Maybe I will hold onto my Neptune pre-order a bit longer to see what happens but it shows no sign of slowing down any time soon.

For me this marks the end of mining as KNC was my last hope for providing miners with a positive BTC ROI but it appears they too have succumb to the greed just like all the others who have found themselves in this position. I really was starting to buy into the idea that KNC was going to bring us early customers along for the ride but it's now obvious they've taken the ball and gone home without us...

I'm pretty sure the statement is to use the 28nm farm to fufill the Neptune 3th orders....