Almost as if buying BTC would've been better.

You know me, always cutting up.

The chance for positive ROI based on projected crypto values over the next 2 years, went out the window when they missed their July shipping projection.

As to litecoin, I wouldn't worry much. Lots of folks trying to get it to go low to buy up a bunch  before the big spike.

I remember them saying something effectively:  "we sure would love to ship this as soon as Q1, but it could be up to the end of Q2", and within a few days of the orderbooks opening it was very clear that Q2 would be the likely shipdate. Anyone with capability to do basic math would've known Q1 wasn't even a realistic possibility. Their voiced intention, as I just quoted, is not the same as the official company progress/newsletter. It might be seen as semantics to some, but there's a difference between "what we would like to do" and "this is the official word of KNC".

Yeah, people are upset. I've got no skin in the game, I'm not defending them, I'm just examining the facts. Fact is, they said they'd love to be super early, but provided official declaration that it could be as late as the end of Q2.

I told everyone to expect to see late June, possibly July for shipping, based on what I knew of the internal process and their capability. I was off by weeks at most, which isn't bad.


From memory, batch 0 (customer appreciation BS batch) was to ship by end of Q2, followed 1 month later by batch 1. This then got shifted, causing a shitstorm, so that batch 1 would be shipped about a week after batch 0. Batch 2 is as you describe.

It provides a cascade of lateness, there's no doubt about that. But you guys are forgetting that Neptunes for batch 0 began shipping in early June. Back in the 178x page range, people were having Neptunes hit their doors. So batch 0 shipped on time. Reports of users from batch 1 receiving shipping info on/before 6/30 started coming in as well, which fits in with their less-than-a-month difference in those 2 batches. I suppose it could be argued on a technicality whether they began shipping then or not, but as far as I would call it, 0 and 1 shipped "by end of Q2".

I wouldn't argue batch 2 shipping late, I was simply saying, not by months.

Again this all seems to be semantics. Some folks are pointing at Q1 or early Q2, but the reality is end of Q2 was the official window. Even then the fine print says "we could still be late".

This is why I tell people to just buy bitcoin.

That might be how you interpret it, but it doesn't mean that was the intention. KNC's first 2 batches of gear last year were advertised as 'starting shipment by ...', not completed shipping by. Context would suggest this also carried over into the new gear.

Example: https://web.archive.org/web/20131109171320/https://www.kncminer.com/categories/miners

"Shipment begins ..."

And for the Neptunes themselves: https://web.archive.org/web/20131212133634/https://www.kncminer.com/categories/miners

"Shipment begins in Q1/Q2 of 2014"

Not completed by, or wholly shipped out by... begins. They've never once said, in any official documentation or newsletter, that their items would be wholly shipped by a certain day--merely begins.

They were to start shipping by then, not complete it. They started that in early July didn't they? Either way, yes a little late, but certainly not by months--doesn't excuse their missing the deadline, but at least they didn't ship 45~ days late like lastyear. I told everyone back in January to expect late June/early July shipping for Neptunes, and Aug/Sep for Titans.

Their announced shipping date was up through 7/31/2014. When did they ship 2 months late?

Crypto hardware is really a game for folks who can make high-tech IC's hit doors quickly. By default, this lead goes to our Asian friends, and it's no wonder the chinese companies have been the ones shipping the fastest and in greatest volume, and it all started back in the Bitcoin ASIC days. Now you have GAW for the Scrypt stuff.

Since then, the Swedes (KNC) have been the only group to also knock it out of the park, and this is likely because they're the only group of focused individuals with the right skillsets and experience to make it happen, and now they're branching into Scrypt and other stuff.

Ever since then you've had places popping up trying to get in on it, because we all know the folks selling the shovels will always make more than the folks digging for gold. It's really simple analysis and math. I've always only invested in the Chinese and KNC gear for this reason.

Absolutely sucks for folks who've lost out on ventures like this, and others, and this is why I try to wave flags and help people pull their money out before it's too late.

As to Flower tech, weren't they originally in bed with the Alpha tech folks? I coulda swore I remember them talking amongst themselves well over a year ago, about a partnership.

Whatever they were priced, it cost KNC $1,000USD to make each one with 4 boards.


So many folks worry about mining. I hopped out of worrying about getting BTC mining equipment last year, based on my projections. So far they've payed out nicely, the equipment I had ROI'd and returned me some good coin. I've then since just bought it cheap, and Scrypt-mined myself a year's worth of bill money.

Seriously folks, just buy bitcoin. It's better than buying equipment and mining at this point. Actually, it has been since.. January.

KNC is a good example of just how long it actually takes to do something right. They reached tapeout when.. June I believe? Then went to the wafering process, and here we are in August they're working on the encapsulation process.

Why people thought AT could start tapeout in May, and deliver in July, is far beyond my comprehension. It just doesn't work that way, and it was pointed out many times. And here AT is again promising September delivery, despite claiming to re-start the whole process at the end of July (though I suspect it may be June). Even for KNC to make delivery of the Titan on schedule will be cutting it close, and this is their 2nd major tapeout/delivery for the year.

Yeah, there's a difference between simply drawing a correlation or speculating, and then going down a road and throwing terms. C'mon people.

They're on their way to encapsulation, which took about 2 weeks the last few times they've done it? Another 2 weeks for assembly/testing/runups, and then shipping. Theoretically they could still make their September shipment.

One thing is for sure, the timing of the departure of certain individuals couldn't have come worse, with many extremists and monetary supporters heading to those ISIS folks. Many of them everyday college and career people.

I wouldn't panic too much, especially about LTC price. It's being brought low to buy up in volume, so that when all of these monster machines hit (KNC, GAW, etc) and the difficulty goes up by exponents, the folks who bought low can sell high to the people who are now in a panic-buy-mode. Happened last year, happens every now and then.

My advice would be to buy some LTC now, and not worry, simply wait till you get your gear and can hash.

Duped would presume ill intention on their part. If they miss their september projection, which has been known for a couple of months now, then I'd say they simply ended up late. They were about a month late last year.

To me that company announcement reads like: Please stop pulling money from me, the company is about to go under.

It's likely the folks who are looking to make a profit when the big asic machines hit in the next 30-45 days. Petahash upon petahash in one single shipment. Drop the price, buy a lot, and when people see the difficulty go up tenfold they'll be willing to panic purchase the coins from folks who bought in low just prior.

The public is usually so uncaring about the truth it doesn't usually matter, as long as they get their entertainment.

Americans are generally foolish sheep, too desirous to believe the happy fairy tales about their government, and incapable of handling the reality. As long as they stay entertained and appeased, they'll sign away all of their freedoms and rights.

Working 'for' one country, or working 'in' ? Their primary allegience is the US, but they gather intel from all over the globe, and I'm sure use it as leverage with other governments to their advantage.

This one is from last year.. who knows.