up, i have the same question too
KnC built a horrible product(Neptune), sold it for $10,000 each, delivered it very late, didn't support it after it was mostly under performing, causing
very large losses for their customers. They were extremely lucky to not get sued as the whole thing amounted to one big fraud built on a long string of lies.
KnC also grossly mismanaged their own mining farm. Their costs were HUGE compared to the Chinese. In the days of enormous margins, KnC looked good. When the margins tightened up, their mismanagement became more obvious. Their farm was build on ridiculous assumptions that did not have any counterpart in reality. Therefore, they had to unplug the whole thing and chuck it in the bin.
One or two early successes (Saturn) and some very fortuitous timing made these guys extremely arrogant. The good news is they probably lost their ass and did not hedge against themselves. So, justice may have been well delivered despite the ridiculous outcomes of the very stupid Swedish court system.
Yes KnC has died some time ago,
From the other hand that thing with the hardware delays it a common move from the companys, some of the using the miners for the own profit, then refabrish them and here its brand new.. (thats why there was some bad quality miners delivered) and / or they delay their give outs, waiting for btc price to go up, get their extra profit.. Like Bitmain do.. but at least they make decent products!
