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?
Is Neptune money funding the farm? No doubt for me, but KnC Cole states otherwise. Impossible to find out unless you sue and go through discovery. I don't intend to do that. In fact, it all depends when they can give us 3Th/Neptune order-if in early April, I would say that it is very reasonable. If it is on July 1, then it is a very crappy deal indeed and it is not worth it. I think that they should formulate the plan very soon.