why has bitcoinorama disappeared. he's probably trying to tell us, beware KNC has gone mad
There is no correlation between the two. The second part is *your* reading of the situation, which I'd say isn't too far away from the truth. KNC are going round telling everyone there is no reason they can't be as big as facebook - you know there is something wrong at in their arctic circles - aka their brains - when they are making those gandiose statements
Bitcoinorama abandoned this forum almost a month ago to the day. It's easy to see where his allegence lies. He's down with the greed and megalomania and thinks knc will become billionaires and he is hoping that will trickle down to him. He doesn't give a toss about people on here, he's always been a shill with his eye solely on his own *image* and *self-interests*.
He obviously knew all about KNC's DC plans - just look at that engadget video from January. He was talking about the eventual bitcoin "winner" being the ones with access to the cheapest electricity etc.
Probably the only time he'll come back to this forum is when things start coming unstuck for KNC and they get to the paranoid, "everyone is against us" stage of delusion and they fire him. And he'll come on here claiming he quit, (as lies and spin are his forte) and he'll try to win everyone back on his side.
The guy abandoned this forum a month ago because he was well aware KNC were about to break every one of their promises and commitments to their customers who made them. And he didn't have enough moral character to stay on the forum and face everyone. Cowardly.
That's what his silence is telling you. "beware KNC has gone mad" is your own correct interpretation of the situation.
FUD
30 days left to tape out Neptune
FUD
Seriously, why in the world would KNC want their own wallet program? Is this another move to get their greedy little hands onto even more BTC?
Yes
It's already answered in their newsletter and I mentioned it a few weeks ago.
"we will simply fill your wallets directly and you won’t have to worry about anything else"
Hell, they don't actually need any machines running - they can simply work out how much you are due for 3TH at difficulty in July (e.g. 0.0002BTC/day) and pay it to your wallet directly from their stash! One bitcoin will go a long way in July 2014!
If the datacentre video is anything to go by, they are mining the sh!t out of the network and going to use those coins to pay people directly to their "knc wallet", you won't get a choice which pool your hash power mines etc.
So let's say you're forced 6 month neptune cloud hashing contract earns you 6 bitcoin. They mined it already! You'll be getting coins they've mined since October last year.
So pretty much every penny they take will be pure profit and I assume this will be used to build a 20nm product sometime in 2014/2015. They've gambled all the Neptune customers money on datacentre(s), this is the plan to make that money back before anyone realises.
The Dukes of Moral Hazard
FUD & probably some slander
You could have it easier.
http://thenodepole.com/2014/02/06/knc-miner-to-build-10-mw-datacenter-in-the-node-pole/10MW = 10.000.000W => 1W per GH/s => 10.000.000 GH/s = 10.000 TH/s = 10 PH/s
3TH/s*3Batches*1200units=10.800 TH/s = 10.8 PH/s.
Those 800TH/s (~260 Neptunes) are whether canceled or they have somewhere else (current location?) ~125*4 boards (28nm) available.
Enough to cover all 3 batches I'd say.
And that's maybe the reason why the hosting is limited to 3TH/s even with the announcement they made 11% improvement on the chip-design.
I don't think the 10MW will do it, per my calculations a while back:
--snip--
If it were (not IS) 1kw per nov jup, then they could power probably 9500 Nov Jupiters (ISH, factoring in other equipment and losses etc).
9500x650GH = ~ (< engineering symbol for "roughly") 6000TH
KNC have sold 3600x3TH machines, which is 10800TH
Which is why I think they need another building.
They will also want to have some cloud hashing power for themselves/shite-minr to sell, so they might actually need one even larger building or even 2 additional buildings to cover it all.
*edit:
Can remember that there was some info about another 2 locations they will build as soon as this one has been finished.
This?
http://www.globalsecuritymag.com/KnC-Miner-to-build-10-MW,20140206,42773.html"KnC are also already in discussions with local authorities regarding the establishment of even larger facilities in the local area already later this spring, which would then bring even more business to the local community."
FUD
2) seemed to devolve from providing those objections and rational thoughts and insisted on using that voice for mud flinging and conspiracy theories -the worst of it in the last few weeks
My recent comments are no more "mud flinging and conspiracy theories" than anything I've ever said previously. People just find them a little hard to swallow, until they come true
Hardly scientific proof, but
And to think at one point I suspected you were a crazy conspiracy theorists. Tuens out you were right on.
What do you have a problem with, specifically, with what I've said lately?
I speculated from a bin full of arctic cooler boxes in that video I posted that the boards in the datacentre are new and additional hashing power, not just being moved from someplace else. On a scale of 1-10, I'd say that assessement is an 8 or 9 in terms of being correct.
My read on that cloud hashing guy selling his jupiters being a sign of something happening in the cloud hashing world was correct.
And my insisting on knc only providing 3TH cloud hashing for 6 months is based on a statement made by their company director. I shoot down anyone who suggests it might be 5 or 6TH for two reasons:
1. It's already been stated by knc employee that their priority with neptune is power consumption, not time to delivery or maximising hashrate. That is totally consistent that same knc employee's statement that the future of mining is based on lowest power consumption costs. And that all fits in with their datacentre being in a place with the cheapest electricity in Europe.
2. Though they promised to over-deliver etc, knc were quite forceful insisting in October that if you paid for 400GH, then that was all you were entitled to. No debate, end of story. As Sam's statement to coindesk classified it as the "latest model, the 3TH/s Neptune miner" and "3. Convert to 3TH of hosting performance for a period". That seems quite assured it's not 6TH. And as I said in my last post, knc did the absolute bare minimum to meet their obligations to customers and I see no reason why they would suddenly change now. What a company has done in the past (i.e. what they get away with) is a
very good indicator of what they will do again in the future.
Sure I'm flippant sometimes, it's fun.
Neptune customers t-shirt UPDATE:
FRONT: I gave KNC $13,000 for a Neptune
BACK: And all I got was this lousy 3TH cloud hashing contract for 6 months
So why do those photos of Josh and Sam bug you? I mean, if knc are the virtuous company they claim to be, they could surely tell conference organisers they will not share a stage with BFL/Josh, if they truly felt that BFL were doing damage to bitcoin and taking advantage of people with their sales and delivery dates etc. And that knc are playing everything above board and legit and setting an example of how to do things right and don't want to be associated with people who might not be.
But they aren't, they know it and they are happy to sit next to Josh. Actions speak louder than words.
All I'll add is that in regard to their, "We'll never forget the help of our first customers" attitude, I don't feel as detested by their actions as you as I never actually believed that in the first place. I never felt entitled to benefits nor anticipated preferential treatment despite the persona they wished to convey, because at the end of the day, KnC's primary goal (or any business for that matter) does not include you or me as the beneficiaries. Any demonstrated values any company shows is essentially a facade, a tool to further that main objective -but still one I can't hold against them.
I guess I'm naive. I wasn't expecting preferential treatment. But for $7k+ I was expecting to be informed and treated well enough. If you buy a $200 psu off a company, they'll usually be very apologetic if they can't deliver on time and probably bombard you with updates and apologies etc. And if they then shipped you a duff one, they'd be even more apologetic and probably send you a replacement for free. Now I'm not expecting that, but knc should really have done 1000% better to the people they shipped their faulty die0 rigs to. Instead, they were like "Meh, go away". It all went downhill after that. I see no reason to give them any benefit of the doubt, they have screwed the people who gave them the chance to exist. It's akin to killing your own mother, for money. Pretty disgusting and greedy. I don't accept the argument that companies can lie through their teeth and that is acceptable. It's not. It's only a reflection of the beliefs and attitudes of the people who own the company and make the decisions.
Oh and some more FUD.
1000 refunded orders, that's gonna hurt.
Not if you are mining with equipment purchased with customers money, selling the btc and giving people refunds with the mining profits.
I certainly didn't see any comment in the newsletter about the video we've all seen with 1000 boards hashing in their new datacentre.
true enough, reckon they'll sell 'em?
I don't think they care too much about Neptune in 2014.
They will force everybody onto a 6 month cloud hashing contract. I mean, if they announce you can have 6 months cloud from June or wait for Neptune, that is going to be delayed until at least November, who in their right mind would wait?
Eventually they'll make Neptune, to pad out their arctic empire, as it will be lower power than the jupiter boards. But probably we won't see it until 2015.
In the meantime, we'll see just how much truth lies behind their February 2014 statement of "As we are getting closer to the launch date of Neptune", as time progresses.
Oh and some more major FUD
Oh how much time you wasted, looking back on your post history over the last two months it is all spreading fear uncertainty and doubt.
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I was mad, I admit it. And maybe not FUD, the reason was to vent and that alone
