Quote from: Biodom on February 06, 2014, 10:09:00 PM

Wall Street Jornal piece shows that KnC made 15mil profit on 75 mil in sales last year.
http://blogs.wsj.com/digits/2014/02/06/cold-virtual-cash-a-bitcoin-mining-center-for-sweden/
These are strange figures because they collected 28-34 mil on preorders, but hardly expensed anything yet on Neptune. If it is so, then they were $20 mil "in the hole' before collecting Neptune preorders. Alternatively, they were probably already in the black with Jupiters and then used at least half of Neptune money to make a prepayment or payment on the datacenter and/or unreleased Jupiters.

If it is so, it would mean that plan B was their original intention all along.
I will wait until i hear about hosting arrangements, then decide.

I keep asking where they are getting the money to building a datacentre, tens of thousands of Jupiters and still have cash left over for Neptune?

If they only made $15 million profit, all of that would not cover the cost of the 18000 Jupiters (my guesstimate is 18000 would cost about $18million @ $1000/unit). And there is no way they are risking their profits on this venture - they aren't stupid.

And if they are honestly going to "loan" these 18000 jupiters to Neptune customers if Neptune is late, they are surely going to build some more for themselves/byteminr to sell as cloud hashing? They have to for Byteminr. I threw around the figure of 35,000 Jupiters yesterday, meaning they would have about half as many for themselves as they "give" to Neptune customers.

Where the hell are they going to get $35+million from?

It's got to be the $44million in Neptune pre-order money.

Which would lead a person to believe:
1) They will have no money left after this, so Neptune will never be built. So 3600 neptune customers will become the first 3600 knc cloud hashing customers ("Sorry, neptune delays, have 3TH in our datacentre", which is basically what they said in the latest newsletter).
2) They expect to pay for Neptune development and production costs out of bitcoin mining earnings. That is some gamble.

I think anyone with a Neptune order should be paying for a spy to keep an eye on the knc military complex and see if they turn on those Jupiters they are going to "compensate" the Neptune people with.

Because if they ass-rape-pre-mined them from, let's say, June, before they start handing out the 3TH compensation to Neptune customers in July, they will ensure the difficulty is so sky high that in July, 3TH is almost worthless, as the difficulty will have risen to account for all these machines already and knc will be the beneficiary. Anyone with an early October Jupiter knows how well you can do in the first difficulty period or two, before the earnings flatten out quickly to next to nothing.

People seem very casual about this.