Quote from: Biodom on February 23, 2014, 10:01:12 PM

Quote from: Gator-hex on February 23, 2014, 08:50:48 PM

Quote from: ElGabo on February 23, 2014, 08:29:41 PM

Very clever! I "respect" them as businessman. That's how business works. The strongest dog fucks...

Not very clever. That's how wire fraud works.

If they took money to build a 20nm mining machine from Americans, and don't deliver because they spent it on something else, expect to be extradited by the FBI shortly! Hopefully they will have something by the end Q2 2014 or the buy a nice house in Russia/South America. Grin

I would probably disagree on fraud. In some sense it is now irrelevant because they will certainly pre-mine a lot of BTC at datorhall before giving us anything. Getting 3th late in 2nd Q would be largely meaningless because of the difficulty increase caused by the datacenter/datorhall/"Death Star".

Is it ethical or even legal to injure your own customers?
Datorhall is at 1.8Th right now, which is ~7% of all network, therefore the current total mining income of Jupiter/Saturn customers was reduced 7% because of this buildup-this is for certain. The new data center already mined ~3000BTC in less than 3 wk.

Perhaps we are too harsh and KnC will deposit proportional BTC (datorhall income-expenses) for each Neptune+Jupiter customer.
If they do that-I would be amazed, but what is the chance of someone doing what is right and not the most profitable? You tell me Undecided

.

Quote

"What is fraud?

Fraud is a type of criminal activity, defined as:

'abuse of position, or false representation, or prejudicing someone's rights for personal gain'.

Put simply, fraud is an act of deception intended for personal gain or to cause a loss to another party.

The general criminal offence of fraud can include:

   deception whereby someone knowingly makes false representation
   or they fail to disclose information
   or they abuse a position."

- http://www.sfo.gov.uk/fraud/what-is-fraud.aspx

Quote

"That Swedish Bitcoin Mining Company Has Sold $28 Million-Worth Of Its New Mining Hardware"

http://www.businessinsider.com/knc-sells-nearly-28-million-neptunes-2013-12

With $28m at stake I'd make sure I could deliver what I promised before spending my profits on something else or you might have some explaining to do when consumers start complaining to the authorities!

As the MtGox guy is about to find out: http://www.reuters.com/article/2014/02/26/mtgox-subpoena-idUSL3N0LV0UZ20140226 US is after his documents and he's going to have to account for where the money went. Wink