Excerpt from a recent Sam Cole Interview:
When we dont have these customers buy our hardware it becomes a different business model. It becomes much easier, much more open, much more honest, Cole said in a phone interview. Theres still going to be $2 billion, at todays price, mined in the next few years. Thats a lot of cash thats up for grabs, and were going to do our best to take a decent chunk of it.
Also says:
After bitcoins price collapsed from a high of more than $1,000 to lows of around $300 earlier this month, customers once eager to mine the digital currency have started to ask for their money back, according to KnC co-founder Sam Cole. Yet the pullback by individuals who had hoped to grow rich in their garages belies the potential for companies that have built up the scale to stick the course, he said.
So the Asscole is saying that he wants to go straight and be more honest, while at the same time saying that the problem is customers greed - trying to get rich quick in their basement.
Rather than the REAL problem which is knc failed to deliver what they promised - in hashing power (titan), in quality/safety(titan) and delivery schedule (neptune+titan), customer incentives (bonus rigs, neptune and titan). What a scammy cunt of a (sub)human being Asscole is.
Don't forget the refunds! Many of us are still waiting for them to refund our money on cancelled Neptune orders. Anyone still waiting should seriously think about giving "kncminer" some negative trust. I know there are many other reasons to deal out negative trust and it is never too late - even if you think they wont be back here.