Quote from: RenHoek on February 05, 2014, 03:20:48 AM

Quote from: Searing on February 05, 2014, 03:11:42 AM

Quote from: RoadStress on February 04, 2014, 04:23:50 PM

Ok so KnC just turned from white to grey for me. While i don't care so much about the Neptune delay, what i care is that they are building a big datacenter in order to cover all Neptune Batch 1 customers in case of delay. That means at least 3Th/s * 1200 units=3600 Th/s just for them (yes they will hash for Batch 1 customers but only in case of a delay and just for a limited amount of time). That 3600Th is more than the promissed 5% (maybe it will be 5% after they ship the Neptunes, but until then it's just greed).

Instead of selling 1-2 Jupiters to previous customers they go their own way and keep all Jupiters for them. Avalon did it, Bitfury did it, BFL did it. The dark side is too powerful in the Bitcoin world.

my view is they are not gonna mine that cloud hosting they are gonna sell cloud hosting.....they could mine 10% and host and still kill ..if they host the risk is less with the $$$ coming in....

but hey if you did not figure all these asic mnfg were not at least (being able to make equip at cost) running cloud hosting farms to us all...well even I saw that coming

esentially imho they were likely already planning this for fall 2014 after the last Neptunes shipped..then they have said they'd likely go commercial ..so with the mad rush of GH hitting the network and likely delays they basically moved it up ....covered their butt from everyone getting a refund on neptunes (at least bought some time) and said crap it is gonna be 28mm farm to start rather then 20mm farm this fall..things are moving to fast

anyway it is mixed news indeed....but the fact that they give "refunds up to shipping" and all this gh hash hitting the network...and the likelyhood imho they will be late on Neptunes...I myself see no other option then ..ie we can simply eat the delay and get a full refund

if they get Neptunes out on time this simply will stop the refund rush....if they don't you can refund or hash ..options

if this hosting offer was given by hashfast right now ...they'd be nominated as 'saints' as we speak

anyway no good deed goes unpunished with knc's refund option....they had to put up or lose $$$ this was their blan B as they state plan....have to double cover

the truth is though.....this also really makes their competitors look even worse at least from a PR aspect

well played knc well played indeed

Searing

you are a Kind of naive.

they build now the data Center and dump thousands of Jupiter in there.

But their vage delivery date is q1/q2. So they have to "save" us just at July!

What do you think, who they "safe" till July?

The milions of Dollars that they will earn in short time are our millions!

bevor i was naiv, and belived in Knc, that they do all to deliver 1 Batch in q1. But now i lost my trust.

Now I think that they never had before to deliver quickly.

Think of how quickly they built the Jupiter.

Since they had started at 0.

Had they wanted to, they would get the Neptune finished until March. As I'm sure.

as i now said:

knc are scammers.
we gave them our Money to build neptunes, but they used it to build worlds bigges mining rig for them self.
this is clearly breaking a contract, so this is a scam for the law.

we should sue them.

at the end they should be the same poor asses till bevor!

you could very well be correct...but i have an option to 'refund" any time in that timeline....they have an option to decide to shift their business model also to commercial ...i just say how they do it is acceptable to me considering how others treat miners...but yeah...they could very well be taking a walk to hosting only selling that way...as to my view they likely all are gonna do this all the asic mnfg....so the others toss you out of the plane and take the plane....KNC tosses you out of the plane and gives you a parachute and part of the bank heist....both suck just saying from what i ,know of how 'business' operates...i'm lucky to get potentially some $$$ and a parachute (likely i'm suffering from asic miner trauma from all the trampling on my miner asperations......swedish stockholm syndrome...yeah also possible)

anyway still fence sitting ...still can refund...and this other option

it is what it is

Searing