they have never taken back this Statement!
maybe we european ppl are different to us ppl. for us, a contract or Statement is valid till it officially taken back! this is a unwritten law!
Here in the real world unwritten laws are imaginary. They actually did take back the statement when they replaced it with the statement " Shipment begins in Q1/Q2 of 2014" So they will not be late until July 1st |
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KnCMiner Network Protection Statement
At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers. So with that in mind our plan is to do as follows:
We will ship no devices in December 2013, January 2014 or February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.
The Fact is:
As of April 1, KNC will be delay in delivery of Neptunes
Doesn't that statement predate the announcement of Neptunes? It certainly doesn't form any part of the contract you agreed with KNC.
KnC itself, has also been associated with the statement after the announcement of the Neptunes.
and it thus verified to be valid: To repeat: It certainly doesn't form any part of the contract you agreed with KNC.maybe i am silly and aq Kind naive but: i only decidet to order neptunes in sight of this Statement above. That is not only naive but most likely not true. I find it hard to believe that you would believe a statement made in JULY would mean a guaranteed shipping date of unannounced next gen hardware. You didn't question the fact that when the neptune was announced and preorders opened there was no mention of march shipping date? |
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So now you cant afford to pay electricity for hosting 8TH but you can afford to fund an asic production line?
Seems legit.
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A bit of speculation: Looking at this pic of AM hardware  I calculated they are currently using 2944 chips per device. If they swap out those 0.33 gh/s chips with 12 gh/s chips it would equate to 35 th/s overall making it by far the most powerful miner. |
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I'd fully expected hashfast to honour their side of the contract.
Hashfast is honoring contracts now? This is news to me |
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I see 0.02017484BTC in the 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF address.
Divide by 400.000 (or 399.99sth, if you remember the exact number).
But it could be the wrong address, which was my previous caveat. Maybe SmiGueL can chime in on this?
You are looking at dividend address and not mining address. Mining address: https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i |
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LOL... Is MP serious? b) a statement recognising MPEx’ regulatory authority over Bitcoin finance as a SRO Trying to get the SEC to declare that MPEx is a self-regulatory organization in charge of regulating Bitcoin finance? This is what MPEx is and has been all along, among other things. The SEC is merely required to bow down to reality. That's the first step in any encounter between strangers: before you can be party to any discussion you need to prove you inhabit reality. I lol'd |
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All that compensation would be nice if bfl had a chance of delivering their hardware on time and up to advertised specs.
KNC motto: under promise, over deliver
BFL motto: over promise, under deliver
I guess it is possible that for the first time ever BFL actually delivers but I doubt it.
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0.00000000504 give or take, unless we suddenly see a ton of BTC from Rockxie and unless I pulled the wrong AM address from cache (but it looks like the right one).
0.00000000504? I think your estimate is a bit off, considering the protocol would not allow for a div that small. Not only that, but it would be an unprecedentedly small div. I wonder if the current issues with the PBOC have anything to do with the delay... Did the last 5 times china "banned" bitcoin have any effect? My guess is that FC is busy with gen3. |
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What a fascinating exchange of emails. Seriously. I think Mircea Popescu handled it—on many levels—perfectly.
I wish our schools teach kids how to handle things like this. Isn't that what law school is for? Or are we still pretending that using bitcoin makes one immune to the law? |
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Any thoughts scam legit ?
scam not legit |
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jimmothy is a man driven by purpose, and not the teenage strangler sort of purpose, as far as we can tell
his purpose involves bitcoin and the disposition of it
death is the only way out, people
I am all for bitcoin succeeding. But its never going to happen with the amount of halfassed companies and outright scams that plague it. |
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Circlejerking in here...
MP fap fap
People discussing how other people should run their business. It's all the minuses of a circlejerk without the happy ending. More of a PSA that this bullshit rule exist and the people behind the company are scumbags. |
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Again you are completely wrong. There are viable options shipping now and returning positive ROI (see bitmain).
And to clarify I mean they failed to deliver the product they advertised within even 8 months of ordering and refusing refunds for this unacceptable delay.
And avalon has learned from their lesson and is only selling in stock hardware.
The only reason BFL is taking preorders and not selling in hand hardware is because they had no confidence in their ability to ship on time and realized it is much more profit to bullshit your customers.
Let's quit pretending BFL is even near comparable to companies like knc/bitmain/asicminer/bitfury
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Bcp19 do you admit that butterflylabs is either the worst, or competing for the title of worst bitcoin company in existence at this time?
I will admit they are far from the best, but I don't classify them as the worst. I'd be interested to know who you classify as the worst. I feel the worst are the ones who promise much and deliver nothing. bASIC and Yifu fall into that category. Hashfast made a foolish guarantee of BTC refunds which every greedy sod out there tried to cash in on when the price spiked so high which puts them into the running. Speaking of greed, there's a couple who will remain nameless due to the mindless people who think they are so great, but fleeced people far worse than the ones the majority think are the worst. So according to you, avalon with a few month delay on a single product and full btc refunds makes it less reputable bfl with an 8+ month delay on every generation product and no refunds? You do understand why we all call you a shill correct? It involves using incredibly flimsy arguments to support a company which has failed to deliver on every product it has offered. |
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To translate mpoe prs post
Bitcoin transactions cannot simply be "invalidated" and it is impossible to block transactions.
It's really not. You just need to create internal wallets that are your 'account balance' you can bet with your account balance and nothing else. Account balance is only made of confirmed bitcoins, no coins show in balance until confirmed. When bets are placed coins are removed by the system from the internal wallet and all payouts are also paid into the internal wallet. The user can then withdraw from their internal wallet to their personal wallet / wallet of choice. Or you can buy credits with bitcoins and only bet with credits. Credits are only issued once transactions are confirmed. You know, like other bitcoin and non bitcoin betting sites do. This shit is like an online bookmaker telling you to make a bank transfer for each bet and if the bank transfer reaches them after the bet has closed they keep it. Betting sites don't work like that, you have a balance held with the bookmaker, the bookmaker takes bets from the balance. of course this would involve development costs and losing huge amounts of revenue. Why the fuck would anyone who clearly holds their punters with such utter disdain spend money to lose revenue? i await the diversionary abuse. That is an option but it would go against one of their best features which is that all transactions on the blockchain. But it would still be incredibly easy as I said to automatically refund late bets. |
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To translate mpoe prs post
Bitcoin transactions cannot simply be "invalidated" and it is impossible to block transactions.
However it is incredibly easy to automatically return any late bets but they prefer doubling their revenue* by having this policy where they can steal late bets.
*Literally half of bitbets income last year was from stealing late bets.
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Are the datacenter electricity rates really $0.37/kwh?
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I can no longer call them BFL 2.0. Not even BFL dared to ship new orders before old orders were sent (at least not open and blatently) . HF deserves to just be called Hashfast, the worst of all insults.
I agree. I think BFL should be called hashfast beta instead. They really took screwing over customers to the next level. Even if they ship out 10,000% MPP it wouldn't matter because by the time they finally start shipping in july the market will be flooded with 0.5 j/gh miners |
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