So you have the
mutually exclusive options [1][2]:
- you get stuck with a >10K USD, 3TH 6 month contract, (starting at Q3?) with machines that you funded that are not what you ordered or [1][2][3]
- you wait an indeterminate time for something to ship that apparently was not where the money went to [3]
- you refund after having your money stalled there for months instead of having went with other miners
[1]
as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package
quoted from their announcement, emphasis mine.
[2]
http://www.coindesk.com/kncminer-offers-plan-b-case-neptune-miner-delivery-delay/[3]
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.
I guess the golden question is really: is [3] really like that? Having extra options is great and nice even if the options are not good but using pre-order money to build something else and then giving those options...
Batch 1 and 2 went last year right?
75M - (1.2K*10K + 1.2K*13K) = 47.4M which is indeed below the profit level of 60M, therefore Neptune money is indeed funding the farm? Input?