Quote from: wasubii on February 05, 2014, 03:23:03 PM

Quote from: CoinChex on February 05, 2014, 03:14:11 PM

I'm concerned that the company has all this hashing power in their data center to give out. They just promised to offer hashing power of their 28nm equipment to all preorder customers. Call it 3600 units at 3th/s each, or 10,800 th/s or mining power.

Originally, KnC's company mission was to only mine with 5% of what they produced for their customers. That would mean that the company, after selling about 7,000th/s of mining power in 28nm chips, should have only about 5% or 350th/s on site in their data center....

Even if you assume the company delivered the entire network in hashing power, 18,000 th/s at 5% is only 900th/s on site at their data center. How does a company that promised to only have 5% of their customer's orders hashing for themselves, have the equivalent of 10,800th/s mining in their data center to give out to customers....

Despite the fact the 5% promise is still in the FAQs on the website, i suspect KnC no longer feel bound to it.

Anyway, if they want to be tricky and still stick with the 5% promise, they can just sell 10PH to Byteminer - a CUSTOMER of KnC - with favourable terms for leasing back hash-rate for their 'Plan-B'

It would go something like this:

KnC: "OHAI Byteminer - i hear you want to buy loads of cheap 28nm miners!?"

Byteminer: "oh yes please, person whom I have never met before and who definitely isn't a shareholder in Byteminer" *wink*

KnC: "Well you know i have this pesky 5% limit on my own hash, but look at all these 28nm miners i have lying around. So how about we sell you a metric fuckload of 28nm miners for a bargain basement price, and you guarantee we can borrow some hash in July for our Neptune suckers *cough cough* i mean valued customers"

*both giggle*

Byteminer: "Well jees, that sounds swell - by the way, what kind of champagne do you think we should serve at the byteminer shareholders meeting? You bring the cheese ok? And don't forget to invite Mum and Dad"

Fuck LOL

A true story

)))))