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"We will release more details of this as we get closer to the delivery date, but for now we have one of the world’s largest data centres to build."
Translation - You aren't going hear shit from us for a while.
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Well they basically mislead Jupiter/Saturn/Mercury customers and caused them to delay making other purchases.
They have had their factory going full tilt likely making 28nm cards that they have no intention of selling to the customers that got them off the ground unless they bought into their next generation of devices (thats a big FU in my book)
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What is the most plausible theory for more than two months of silence re Neptune despite apparent discontent of customers?
Here is my speculation on possibilities (from the most probable #1 to almost impossible #5):
1. They are experiencing significant difficulties with Neptune design and want to overcome those problems before updating.
2. They are positioning to change their business model from selling individual units to the "fair shake" cloudhashing model, where customers will be buying slots in the icelandic super-mine managed by KnC. Everyone who ordered Neptune would be offered a slot with a modest increase in hashing power (to 3.5-4TH), but will have to pay extra for "hosting".
3. They were bought by someone or majority bought by a third party (perhaps even by a government-controlled entity).
4. They were bought/invested into by 21e6 (or merged with 21e6). Alternatively, they were supplying Jupiters to a single unknown party (cloudhashing?).
5. They are resting on their prior success and "taking it easy".
1. No 2. Perhaps 3. No 4. No 5. No It may not be outside the realm of possibilities that they have other projects they are working on? JOE hit nail on the head.  insider? mind reader? master spy? or just plain smart? Yes one of those for sure!!  |
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They never mentioned whether they were selling upgrades so I asked that question explicitly,
If the answer comes back NO then I am done with KNC.
They caused me to delay, spend money I didn't need to and I am not a Neptune customer and don't plan on being one.
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What is the most plausible theory for more than two months of silence re Neptune despite apparent discontent of customers?
Here is my speculation on possibilities (from the most probable #1 to almost impossible #5):
1. They are experiencing significant difficulties with Neptune design and want to overcome those problems before updating.
2. They are positioning to change their business model from selling individual units to the "fair shake" cloudhashing model, where customers will be buying slots in the icelandic super-mine managed by KnC. Everyone who ordered Neptune would be offered a slot with a modest increase in hashing power (to 3.5-4TH), but will have to pay extra for "hosting".
3. They were bought by someone or majority bought by a third party (perhaps even by a government-controlled entity).
4. They were bought/invested into by 21e6 (or merged with 21e6). Alternatively, they were supplying Jupiters to a single unknown party (cloudhashing?).
5. They are resting on their prior success and "taking it easy".
1. No 2. Perhaps 3. No 4. No 5. No It may not be outside the realm of possibilities that they have other projects they are working on? JOE hit nail on the head. |
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People keep sending him money! |
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What is the most plausible theory for more than two months of silence re Neptune despite apparent discontent of customers?
Here is my speculation on possibilities (from the most probable #1 to almost impossible #5):
1. They are experiencing significant difficulties with Neptune design and want to overcome those problems before updating.
2. They are positioning to change their business model from selling individual units to the "fair shake" cloudhashing model, where customers will be buying slots in the icelandic super-mine managed by KnC. Everyone who ordered Neptune would be offered a slot with a modest increase in hashing power (to 3.5-4TH), but will have to pay extra for "hosting".
3. They were bought by someone or majority bought by a third party (perhaps even by a government-controlled entity).
4. They were bought/invested into by 21e6 (or merged with 21e6). Alternatively, they were supplying Jupiters to a single unknown party (cloudhashing?).
5. They are resting on their prior success and "taking it easy".
1. No 2. Perhaps 3. No 4. No 5. No It may not be outside the realm of possibilities that they have other projects they are working on? |
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BFL gives you lots of things ....
Excuses
Abuse
Delays
Losses
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Seriously, get your coins out of online trading sites RIGHT NOW, you guys are mad keeping them anywhere like that.
^^^^^^^^^^^^^^^^^^This man speaks the truth ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ |
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If KnC isn't posting new upgrade modules because essentially knowing MtGox won't allow pre-existing Saturn and Mercury customers to access their btc sitting on MtGox then no it is not a derailment. I think I'll go with a single digit here.
You have lost your mind. Why? Are you supposing that KnC doesn't know what percentage of their customers have paid for miners or upgrade modules from MtGox accounts and of those customers which are US citizens? Being in the industry they would recognize if there's a problem that had been created by their US customers paying for Neptunes with a single, greater than $10k value payment. I will bet you all the coins you have stored anywhere but a wallet that KNC does not know, does not care and that this has nothing to do with why they haven't released upgrade modules. Like elasticband said, are we now getting this nuts that we are coming up with this tinfoil hat crap? |
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Perhaps KnCminer noted it was seeing such a large fraction of miner buys with money that was transferred from bitpay after a transfer from MtGox that as long as MtGox is showing frozen US BTC, KnCminer won't sell more upgrade boards or miners. Huh what? Sounds like US $&btc held at MtGox isn't making it out, e.g. can't be transferred. I tried to make a 1.5btc transfer MtGox to Coinbase and it's a no go. I am experiencing this as of right now, what can be done with such transaction? As I got transaction hash, but its been almost an hour and nothing yet. Where may MTGox Bitcoins be sent? To your wallet?? What is this your first day in Bitcoin world? MtGox is not a wallet. What is this candid camera/punk'd ? You own KNC hardware and you don't know how to move Bitcoins around? let's start you at the basics: https://bitcoin.org/ |
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What does this have to do with KNC?
You're such a ninny ... you know any real news KNC will email us anyway.. this thread is a city stoop nothing more You get 5 points in my book just for using the word "stoop" |
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Perhaps KnCminer noted it was seeing such a large fraction of miner buys with money that was transferred from bitpay after a transfer from MtGox that as long as MtGox is showing frozen US BTC, KnCminer won't sell more upgrade boards or miners.
It's Bitpay's responsbility to deal with any BTC -> fiat conversations and I suspect they have a handle on it since they move BTC -> fiat every day for thousands of merchants.. I wouldn't be too surprised if Bitpay has a working relationship with Mt. Gox of some sort but regardless it's still Bitpay's issue, they have a contract with their merchants which gives the merchants the service they require and Bitpay handles the backend work.. Yes, but. If US MtGox users can't transfer btc from MtGox to Bitpay, and someone has said that Bitpay is owned by the owners of KnC tho I have no personal knowledge of that, then if KnCminer were to offer products right now, and if KnCMiner knew via Bitpay that US miner buyers can't access their MtGox btc, and just because I can't doesn't mean others can't either but on another thread someone said nobody in the US is getting anything out of MtGox, btc or dollars, and not to have a run-on sentence but, then KnC would only be selling to those with hard cash or btc outside of MtGox. Is that last a big deal or not? One solution might be for KnC to poll pre-existing customers to find if the MtGox problem would prevent a purchase. However, if the MtGox problem with the US is the FINCen $10k limit on transfers (if by US citizens no matter if the transfer is effected completely outside the US, e.g. MtGox->Bitpay->KnCminer, then ANY Neptune purchase would have been out-of-bounds if done with a single transfer by a US citizen as even at the sub-$10k price, the cost with shipping would have been >$10k. Thread derailment in 3....2....1 What does this have to do with KNC? Best practice is you don't pay anyone from anything but your own controlled wallet. Not Gox Not Coinbase. |
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Congrats Bick, looks like you are all making great progress.
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Perhaps KnCminer noted it was seeing such a large fraction of miner buys with money that was transferred from bitpay after a transfer from MtGox that as long as MtGox is showing frozen US BTC, KnCminer won't sell more upgrade boards or miners. Huh what? Sounds like US $&btc held at MtGox isn't making it out, e.g. can't be transferred. I tried to make a 1.5btc transfer MtGox to Coinbase and it's a no go. It's been known for a long time that getting money out of Mt Gox to US Banks is near impossible. How could getting BTC to transfer from Mt Gox to Coinbase be a problem? Just because you are having problems does not mean KNC is, and what makes you think KNC is using Mt Gox anyway? |
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Perhaps KnCminer noted it was seeing such a large fraction of miner buys with money that was transferred from bitpay after a transfer from MtGox that as long as MtGox is showing frozen US BTC, KnCminer won't sell more upgrade boards or miners. Huh what? |
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Sorry to post here, but how often are customer service messages read? I have not got any answers since 15th january (AGMBGDVYG)
He reads them and ignores them all the time. |
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You can easily add two more plugs to your controller with basic soldering skills.
I hope to be making a video next week to show how its done.
I don't think they are basic skills. If you never soldered anything this procedure is quite difficult without ruining your currently working board. I believe he was conveying that if you've soldered, it's a basic job. This is true. Its all about the right tools. For this job you need a desoldering iron to clear the holes Like this one: (about $15 on Amazon) and then once the holes are cleared, a low wattage pencil iron like this: NOT THIS: Too big an iron, too hot and you damage the board. Joe, Do you have a source for the 2x5 pin IDC header to solder onto to the KNC controller board. I ordered a bag from amazon that were supposed to be 2.5mm but they are 1mm. I thought I would ask you before I ordered from digikey. I got mine on Ebay, ordered from this vendor: http://www.ebay.com/itm/10-Pcs-2x5-10-Pins-Box-Header-IDC-Male-Sockets-Straight-2-54mm-/140817653296?pt=LH_DefaultDomain_0&hash=item20c962de30Problem is (and they tell you this in advance) it takes 30 days to get to you (in my case it took 35 days) |
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You can easily add two more plugs to your controller with basic soldering skills.
I hope to be making a video next week to show how its done.
I don't think they are basic skills. If you never soldered anything this procedure is quite difficult without ruining your currently working board. I believe he was conveying that if you've soldered, it's a basic job. This is true. Its all about the right tools. For this job you need a desoldering iron to clear the holes Like this one:  (about $15 on Amazon) and then once the holes are cleared, a low wattage pencil iron like this:  NOT THIS:  Too big an iron, too hot and you damage the board. |
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