Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
1Neptune
on 12/02/2014, 21:43:46 UTC
If the BTC price goes to $2000 on Bitstamp during the next 3-10 business days, I will get a lot less BTC  Roll Eyes

Morale: buying mining gear is a gamble, refunding an order is just as thrilling gamble Smiley

Why would it take 3-10 business days to send some BTC?  That is a big window in BTC land.
maybe because bitstamp BTC withdrawals are frozen till friday?

Nowhere did anyone say the KnC was buying BTC at Bitstamp and then sending them from there.  You're making shit up again.
I've been offered the option to refund in BTC at Bitstamp's exchange rate at the moment of the refund taking place. The really weird thing followed shortly after I requested refund on my 3 Neptunes, when they said it will be processed within 3-10 business days. Wasn't aware a BTC transfer might take so long (probably they're typing my wallet address 2-3 characters/business day?)  Roll Eyes
Seems pretty clear to me.  Must be another reading comprehension thing.

I hope you're inferring that you're having a "reading comprehension thing".

arlekyn13 clearly states that KnC is using the bitstamp rate.  Not that KnC is buying from bitstamp.

KnC is using the bitstamp rate as a reference point to determine value at that moment, much as banks use the LIBOR rate for currency trades the next day. Not complicated.