Does anyone still think this is ok? Honestly?
Ken took in millions of dollars. Instead of investing that into mining equipment, he blew it all on god-knows-what. No custom chip at all. No 55nm, no 28nm. Nothing. He has what is left, which appears to be very little, and is buying 200th in mining equipment. Part of it is being used to refund the people on VMC. So we end up using our money for that B.S. now too. Great. Like how that worked out for us.
Anyone find it odd that the board mines at 600gh and is a PC slotted board? The timeline also falls in-line when BFL is "supposed" to start shipping. Are these just rebranded Monarchs? Maybe not, but it's an odd coincidence that they are coming off the assembly line at the same time with the same hash rate.
Also, because he said that 100th comes now, and 100th comes later. It makes me think that he's going to get the bonus board (The free extra one for BFL being late) at the end of the shipping queue. Which would explain the division in getting some now and some later.
Man, I realize that's pure speculation but it adds up.
Lets say Ken bought 100 Black Arrow miners at $5,000 a piece (Retail). That would give you 200th. The total cost would be $500,000. That's what was left to do this? Wow...
If it IS Monarchs, I wonder when the order was placed, as I can see the real "two weeks" being months from now when all of this hardware is worthless.
I don't think I'll ever see my shares, I think Ken doesn't have the tender list. Even if he does, he's never going to do it. He can't even respond to questions properly, why would he sit and and organize that kind of thing? I can't see it happening. I guess it's good that Ken just didn't vanish and leave town like so many other Bitcoin company failures. There's that...
For right now I think this is "OK". Were slowly going baby steps in the right direction although I wish we were going a lot faster.
@Kslaughter: Using CC should be the end game plan, but for right now we need to be trading ASAP. Halt trading on CT and get us on Havelock for the time being please
Show Posts
