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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3041658 times)
DPoS
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March 21, 2014, 03:53:42 AM
 #31081

In response to KnC's announcement on the LTC miner, alpha-t.net released their own statement, upping each one of their machines from 25MH to 90MH (9k/piece)

There's also other information in the statement.

https://alpha-t.net/news/big-announcement/

It's too bad KnC doesn't make similar updates on the Neptunes.

It's too bad KnC don't make updates at all unless they want to wrangle non-refundable, already shitty - subject to change, interest free loans out of us for 'soon' to be made redundant by KnC themselves, futureware

what is this, deja-vu?




yup they are a far cry away from the science fair geeks that we knew, loved and trusted


~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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March 21, 2014, 05:34:51 AM
Last edit: March 21, 2014, 05:52:21 AM by Wesly
 #31082

In response to KnC's announcement on the LTC miner, alpha-t.net released their own statement, upping each one of their machines from 25MH to 90MH (9k/piece)

There's also other information in the statement.

https://alpha-t.net/news/big-announcement/

It's too bad KnC doesn't make similar updates on the Neptunes.

But can they deliver?  A brand new company, look at their team bio https://alpha-t.net/about-us/team-2/  They are seriously lacking any engineering background and read the descriptions of their actual functions = liaison.  Just look at the founder, "extensive mining experience.... through mining Bitcoins...  excitement for its concept, growth, future"?  That's the best bio they can come up with?  Seriously?  At least they are honest about their utter lack of experience/expertise.  So if they are late and can't deliver on their promise then you really have no one to blame but yourself.

All I can say is they only took partial deposits for their scrypt miners, so what were they supposed to do when a large, proven, well-capital competitor announced a LTC miners that is at least 4x more powerful at the same price (ok $1000 more)?  They really don't have a choice but to say they will match KNC's performance figure.  Otherwise they might as well close up shop since they have yet to tape-out and people can request for a 75% refund of their 30% deposit within 3 months = only losing £409 or file a claim with PayPal (if used) and try to get the entire deposit back.  Either way Alpha-T made the rookie mistake of not taking 100% Bitcoin deposit without refund, but again I supposed they are honest or they don't think anybody is willing to give full payment to a new/unproven company with serious lack of expertise.  Regardless, you really can't blame anyone if you give them your money/bitcoin and receive an under-performing/late scrypt miner.  Not saying KnC Titan will be better, arrive earlier, but if I have to bet, it will be on KnC and not Alpha.

_________________________________________________________________

Mohammed Mubasher Akram (Managing Director and Operations Manager)

Mohammed-Mubasher-AkramMubasher is the founder of Alpha Technology and is a graduate in Electrical and Electronic Engineering. With his vision, innovative thinking, enthusiasm, and hard work he has led us to this stage and made our project a success.

He has extensive mining experience as his first foray into cryptocurrencies was through mining Bitcoins which then took him to exploring the industry of cryptocurrencies, his excitement for its concept, growth and future inevitably led him to want to directly contribute to the business of cryptocurrencies.

He originally contacted Dexcel Designs with his plans of creating the first Scrypt hashing device. Dexcel Designs who are one of the leading chip design companies in the world were impressed with his professional approach and detailed plan, and decided to take this project on thus a partnership deal was signed with Alpha Technology.

Mubasher is responsible for liaising with Dexcel Designs on a daily basis and providing his technical and cryptocurrency expertise when needed. In addition he oversees the day to day operations of Alpha Technology, making sure everything runs on schedule.
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March 21, 2014, 05:49:27 AM
 #31083

Has anyone done Titan mining calcs they can share?


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AussieHash
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March 21, 2014, 05:54:30 AM
 #31084

Has anyone done Titan mining calcs they can share?
https://bitcointalk.org/index.php?topic=170332.msg5780721#msg5780721
Wesly
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March 21, 2014, 06:00:29 AM
Last edit: March 21, 2014, 07:50:44 AM by Wesly
 #31085

Has anyone done Titan mining calcs they can share?

At 100 Mh/s, it is almost impossible to ROI if you are only looking at Litecoin, better off buying LTC.  Things do get more interesting if KnC over-deliver (150 Mh?) and if they can deliver middle of Q2/Q3, tape out in early May and ship by end of July?  If they would allow refund then it might be a good hedge against LTC price drop since unlike buying LTC, you are not locked into the loss if you can get a refund before shipment and you still gain if LTC value goes up.  However since there is no refund, the other advantage as someone has already pointed out is there could be some newer and more profitable scrypt-based alt coin (like dogecoin) in the future that can become more popular and make the Titan profitable for longer.  Unlike Neptune since bitcoin is so dominating, there probably won't be a new SHA-256 coins that will become popular and gain much value, so you are stuck mining bitcoin that will continue its decline in profitability.
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March 21, 2014, 06:19:05 AM
 #31086

The fibonacci profect announced they too will match knc.. as per #24 on this page.

https://litecointalk.org/index.php?topic=2702.0

 
 
Everyone is just tossing mega hashes around like they are nothing..

( "10000000mhs sure no problem , you can pick it up in the morning, that will be $1 million, will that be btc or plastic?.. by the way no refunds ! muhahaha")
 
 




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FOR KNOX
 
   
IN BECOMING   THE FIRST    ●●●●●●●●●●●●●●●
BLOCKCHAIN BASED   INSURANCE COMPANY 
>> 

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Searing
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March 21, 2014, 08:30:23 AM
 #31087

In response to KnC's announcement on the LTC miner, alpha-t.net released their own statement, upping each one of their machines from 25MH to 90MH (9k/piece)

There's also other information in the statement.

https://alpha-t.net/news/big-announcement/

It's too bad KnC doesn't make similar updates on the Neptunes.

But can they deliver?  A brand new company, look at their team bio https://alpha-t.net/about-us/team-2/  They are seriously lacking any engineering background and read the descriptions of their actual functions = liaison.  Just look at the founder, "extensive mining experience.... through mining Bitcoins...  excitement for its concept, growth, future"?  That's the best bio they can come up with?  Seriously?  At least they are honest about their utter lack of experience/expertise.  So if they are late and can't deliver on their promise then you really have no one to blame but yourself.

All I can say is they only took partial deposits for their scrypt miners, so what were they supposed to do when a large, proven, well-capital competitor announced a LTC miners that is at least 4x more powerful at the same price (ok $1000 more)?  They really don't have a choice but to say they will match KNC's performance figure.  Otherwise they might as well close up shop since they have yet to tape-out and people can request for a 75% refund of their 30% deposit within 3 months = only losing £409 or file a claim with PayPal (if used) and try to get the entire deposit back.  Either way Alpha-T made the rookie mistake of not taking 100% Bitcoin deposit without refund, but again I supposed they are honest or they don't think anybody is willing to give full payment to a new/unproven company with serious lack of expertise.  Regardless, you really can't blame anyone if you give them your money/bitcoin and receive an under-performing/late scrypt miner.  Not saying KnC Titan will be better, arrive earlier, but if I have to bet, it will be on KnC and not Alpha.

_________________________________________________________________

Mohammed Mubasher Akram (Managing Director and Operations Manager)

Mohammed-Mubasher-AkramMubasher is the founder of Alpha Technology and is a graduate in Electrical and Electronic Engineering. With his vision, innovative thinking, enthusiasm, and hard work he has led us to this stage and made our project a success.

He has extensive mining experience as his first foray into cryptocurrencies was through mining Bitcoins which then took him to exploring the industry of cryptocurrencies, his excitement for its concept, growth and future inevitably led him to want to directly contribute to the business of cryptocurrencies.

He originally contacted Dexcel Designs with his plans of creating the first Scrypt hashing device. Dexcel Designs who are one of the leading chip design companies in the world were impressed with his professional approach and detailed plan, and decided to take this project on thus a partnership deal was signed with Alpha Technology.

Mubasher is responsible for liaising with Dexcel Designs on a daily basis and providing his technical and cryptocurrency expertise when needed. In addition he oversees the day to day operations of Alpha Technology, making sure everything runs on schedule.

yeah i got an alpha 30 percent down (around 680 bucks i think it was) full price is 2200 usd on Jan 5th  5mh unit....now they say it will be 16mh unit same price due to knc announcement
they could do a bfl and be late and/or have tech issues for non-shipment I'm beyond the point where i think they are an outright scam....but yeah tech issues to do this upgrade may bite us all on this order..but 2200 bucks in Jan 5th for 5mh looked pretty good 16mh for same price looks better..today even if late....they take paypal and again 30 percent down

knc on the other hand looks like (to me anyway) to have washed its hands on physical btc miners and jumped to the titan scrypt miners.i asked in an email if there will be any more physical btc miners after the neptune they said they could not answer..that and the no refund on the Titan...there GH farm and push for Virtual Miners i think the hand writing may be on the wall...ie they are out of BTC in a product to us sense.

well....16mh viyper from alpha for 2200 bucks looks pretty ok now in comparison (i still have 1 month or more to decide to pony up the other 70 percent and via paypal and amex I have like 60 days after that to punt that money back....or i heard with master card it is 120 days...so if they ask for last 70% on may 1st say...i'd have till aug 1st if i paid amex to pull plug or sept with master card (or so i've heard with mastercard haiving 120 days to change mind)

imho Titan is gonna suffer for lack of communication on Neptune status of stuff NOW and No refund option...and of course GH Farm push and Virtual Miner annoucements.

Getting crowded in the KNC cubicles there i'd imagine with all this angst and growth ....kinda wondering if the BTC build you something unit is now toast after Neptune ships.

so anyway... KNC TAKE NOTE..... people have NO IDEA if you are even a bitcoin manufacturer anymore with your GH Farm and Titan ....a simple ' we plan to make btc machines for purchase after the Titan mnfg run of machines" ...something like that would be really really helpful at least....(I really have given up on neptune info but jeez you'd think they could
at least state the plan on selling bitcoin miners after the Titan)

(watching KNC is like watching a cute teenage girl get off the bus in NYC...this could go south and bad very fast ...the fast $$$ the temptations..the compromises)

Searing

Try out www.synchro.net An 'Old School' BBS (Bulletin Board System) works on Win /10/8/7 and Linux!
Three-minute install. The last upgrade was Jan 1st, 2019. I think you will be impressed by this project!
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March 21, 2014, 09:08:55 AM
 #31088


Using https://bitcoinwisdom.com/litecoin/calculator
If I enter a very conservative LTC network growth rate of 4% (this is approx 42% growth per month)
Enter a hashrate of 100,000Kh/s for delivery on 1st July 2014
Zero running costs, free power, no pool fees, free PSUs

The total mining income is 506LTC or 15.3BTC

when I use the shopping cart for Titan (with shipping) no VAT, it works out to be about 16.9BTC

Of course Titan will probably consume 2000+ Watts, ship in late Q3, and LTC difficulty growth will certainly be over 4%

Having said that, they'll probably be sold out in a few days  Grin

I think I'd rather play the bubble swings on LTC by buying directly with BTC instead.  The network on LTC I think is going to blow up a lot faster than BTC did.  The price of video cards shows this.

Scrypt Nfactor is now the algorithm to try and overcome.  They are not friendly to ASIC's.
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March 21, 2014, 01:00:11 PM
 #31089

Has anyone done Titan mining calcs they can share?

At 100 Mh/s, it is almost impossible to ROI if you are only looking at Litecoin, better off buying LTC.  Things do get more interesting if KnC over-deliver (150 Mh?) and if they can deliver middle of Q2/Q3, tape out in early May and ship by end of July?  If they would allow refund then it might be a good hedge against LTC price drop since unlike buying LTC, you are not locked into the loss if you can get a refund before shipment and you still gain if LTC value goes up.  However since there is no refund, the other advantage as someone has already pointed out is there could be some newer and more profitable scrypt-based alt coin (like dogecoin) in the future that can become more popular and make the Titan profitable for longer.  Unlike Neptune since bitcoin is so dominating, there probably won't be a new SHA-256 coins that will become popular and gain much value, so you are stuck mining bitcoin that will continue its decline in profitability.

And who is ONLY looking at Litecoin?

http://coinchoose.com/

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
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March 21, 2014, 01:52:08 PM
 #31090

Has anyone done Titan mining calcs they can share?

At 100 Mh/s, it is almost impossible to ROI if you are only looking at Litecoin, better off buying LTC.  Things do get more interesting if KnC over-deliver (150 Mh?) and if they can deliver middle of Q2/Q3, tape out in early May and ship by end of July?  If they would allow refund then it might be a good hedge against LTC price drop since unlike buying LTC, you are not locked into the loss if you can get a refund before shipment and you still gain if LTC value goes up.  However since there is no refund, the other advantage as someone has already pointed out is there could be some newer and more profitable scrypt-based alt coin (like dogecoin) in the future that can become more popular and make the Titan profitable for longer.  Unlike Neptune since bitcoin is so dominating, there probably won't be a new SHA-256 coins that will become popular and gain much value, so you are stuck mining bitcoin that will continue its decline in profitability.

And who is ONLY looking at Litecoin?

http://coinchoose.com/

yeah i likely should follow your advice joe......but i did get a www.alpha-t.net (likely they are clueless and it will be late) at 5mh with KNC announcement of 100mh titan at 10,131.80...they pretty much matched the hash due to the fact they have not set chips into blades etc yet...so got lucky there..they say the 25mh for 9k will go to 90mh and the 5mh at 2.2k will go to 16mh...we will see they take paypal and the last 2/3 is due near shipping so ...if they make me pay the last 2/3 and it don't float i can kinda sorta bail most of it back...i think they are legit but they could muck up the technical ...they seem green as grass

anyway trying to follow in your scrypt miner footsteps but damn these big boy pants are large don't ya know

anyway giving it a shot ....will likely arrive late but hey gotta start someplace

Searing (at least they take paypal yet)

 

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March 21, 2014, 02:02:49 PM
 #31091

Has anyone done Titan mining calcs they can share?

At 100 Mh/s, it is almost impossible to ROI if you are only looking at Litecoin, better off buying LTC.  Things do get more interesting if KnC over-deliver (150 Mh?) and if they can deliver middle of Q2/Q3, tape out in early May and ship by end of July?  If they would allow refund then it might be a good hedge against LTC price drop since unlike buying LTC, you are not locked into the loss if you can get a refund before shipment and you still gain if LTC value goes up.  However since there is no refund, the other advantage as someone has already pointed out is there could be some newer and more profitable scrypt-based alt coin (like dogecoin) in the future that can become more popular and make the Titan profitable for longer.  Unlike Neptune since bitcoin is so dominating, there probably won't be a new SHA-256 coins that will become popular and gain much value, so you are stuck mining bitcoin that will continue its decline in profitability.

And who is ONLY looking at Litecoin?

http://coinchoose.com/

If these run on Multipool all altcoins are going to be decimated.
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March 21, 2014, 02:03:18 PM
 #31092

Scrypt coins are like Linux distros. Www.scryptguild.com is an interesting concept. It's a scrypt mining pool that mines the top coin and then converts to btc or you can keep coins you're interested in. It should keep you profitable if LTC diff blows up.
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March 21, 2014, 02:56:23 PM
 #31093

Has anyone done Titan mining calcs they can share?

At 100 Mh/s, it is almost impossible to ROI if you are only looking at Litecoin, better off buying LTC.  Things do get more interesting if KnC over-deliver (150 Mh?) and if they can deliver middle of Q2/Q3, tape out in early May and ship by end of July?  If they would allow refund then it might be a good hedge against LTC price drop since unlike buying LTC, you are not locked into the loss if you can get a refund before shipment and you still gain if LTC value goes up.  However since there is no refund, the other advantage as someone has already pointed out is there could be some newer and more profitable scrypt-based alt coin (like dogecoin) in the future that can become more popular and make the Titan profitable for longer.  Unlike Neptune since bitcoin is so dominating, there probably won't be a new SHA-256 coins that will become popular and gain much value, so you are stuck mining bitcoin that will continue its decline in profitability.

And who is ONLY looking at Litecoin?

http://coinchoose.com/

If these run on Multipool all altcoins are going to be decimated.

How many months in a "going to be"? I am betting on 9 to 12

meanwhile in the batcave............ I am mining my ass off.

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March 21, 2014, 03:00:40 PM
 #31094

Titan = A lot of months to ROI
joeventura
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March 21, 2014, 03:03:39 PM
 #31095

Has anyone done Titan mining calcs they can share?

At 100 Mh/s, it is almost impossible to ROI if you are only looking at Litecoin, better off buying LTC.  Things do get more interesting if KnC over-deliver (150 Mh?) and if they can deliver middle of Q2/Q3, tape out in early May and ship by end of July?  If they would allow refund then it might be a good hedge against LTC price drop since unlike buying LTC, you are not locked into the loss if you can get a refund before shipment and you still gain if LTC value goes up.  However since there is no refund, the other advantage as someone has already pointed out is there could be some newer and more profitable scrypt-based alt coin (like dogecoin) in the future that can become more popular and make the Titan profitable for longer.  Unlike Neptune since bitcoin is so dominating, there probably won't be a new SHA-256 coins that will become popular and gain much value, so you are stuck mining bitcoin that will continue its decline in profitability.

And who is ONLY looking at Litecoin?

http://coinchoose.com/

yeah i likely should follow your advice joe......but i did get a www.alpha-t.net (likely they are clueless and it will be late) at 5mh with KNC announcement of 100mh titan at 10,131.80...they pretty much matched the hash due to the fact they have not set chips into blades etc yet...so got lucky there..they say the 25mh for 9k will go to 90mh and the 5mh at 2.2k will go to 16mh...we will see they take paypal and the last 2/3 is due near shipping so ...if they make me pay the last 2/3 and it don't float i can kinda sorta bail most of it back...i think they are legit but they could muck up the technical ...they seem green as grass

anyway trying to follow in your scrypt miner footsteps but damn these big boy pants are large don't ya know

anyway giving it a shot ....will likely arrive late but hey gotta start someplace

Searing (at least they take paypal yet)

 

I'll just leave this here:


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March 21, 2014, 03:25:56 PM
 #31096

There are enough people using arbitrage trading bots for alts already, across many exchanges....
I wonder if there is any capacity in the system to actually make any money in that anymore...I doubt it

Has anyone done Titan mining calcs they can share?

At 100 Mh/s, it is almost impossible to ROI if you are only looking at Litecoin, better off buying LTC.  Things do get more interesting if KnC over-deliver (150 Mh?) and if they can deliver middle of Q2/Q3, tape out in early May and ship by end of July?  If they would allow refund then it might be a good hedge against LTC price drop since unlike buying LTC, you are not locked into the loss if you can get a refund before shipment and you still gain if LTC value goes up.  However since there is no refund, the other advantage as someone has already pointed out is there could be some newer and more profitable scrypt-based alt coin (like dogecoin) in the future that can become more popular and make the Titan profitable for longer.  Unlike Neptune since bitcoin is so dominating, there probably won't be a new SHA-256 coins that will become popular and gain much value, so you are stuck mining bitcoin that will continue its decline in profitability.

And who is ONLY looking at Litecoin?

http://coinchoose.com/

yeah i likely should follow your advice joe......but i did get a www.alpha-t.net (likely they are clueless and it will be late) at 5mh with KNC announcement of 100mh titan at 10,131.80...they pretty much matched the hash due to the fact they have not set chips into blades etc yet...so got lucky there..they say the 25mh for 9k will go to 90mh and the 5mh at 2.2k will go to 16mh...we will see they take paypal and the last 2/3 is due near shipping so ...if they make me pay the last 2/3 and it don't float i can kinda sorta bail most of it back...i think they are legit but they could muck up the technical ...they seem green as grass

anyway trying to follow in your scrypt miner footsteps but damn these big boy pants are large don't ya know

anyway giving it a shot ....will likely arrive late but hey gotta start someplace

Searing (at least they take paypal yet)

 

I'll just leave this here:


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MONETARYUNIT
.......for Me, U & Everyone.......
[/
joeventura
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March 21, 2014, 03:44:30 PM
 #31097

There are enough people using arbitrage trading bots for alts already, across many exchanges....
I wonder if there is any capacity in the system to actually make any money in that anymore...I doubt it


You keep wondering.

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March 21, 2014, 03:47:12 PM
 #31098

You keep making flow diagrams.....

There are enough people using arbitrage trading bots for alts already, across many exchanges....
I wonder if there is any capacity in the system to actually make any money in that anymore...I doubt it


You keep wondering.

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MONETARYUNIT
.......for Me, U & Everyone.......
[/
joeventura
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March 21, 2014, 06:50:33 PM
 #31099

You keep making flow diagrams.....

There are enough people using arbitrage trading bots for alts already, across many exchanges....
I wonder if there is any capacity in the system to actually make any money in that anymore...I doubt it


You keep wondering.

Not my diagram, but thanks.

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March 22, 2014, 01:45:38 PM
 #31100

I'm running 2 THASH of Ants and my house is freaking loud and HOT! With the summer coming I don't know what the heck I'm going to do.

Sell them.  I'll take them off your hands for the current S1 price minus 10% since they're used.


This is a problem LOTS of people aren't expecting. While the greedy virus has taken a hold they've purchased all this hardware and now are draining fossil fuels at an alarming rate while heating their house too. When summer starts to roll around things will get interesting. Buying a couple of floor fans at Walmart isn't going to help with the new hardware. While much more efficient, you still need multiple power supplies and more cooling fans all which throw off a lot of heat. Just from having an upgraded October rig I had to turn off the heat vent in the room where it is running. And it has been heating that entire room for the whole winter now. I can't imagine how some of you will keep your new gear cool, especially without some kind of commercial cooling. The ambient temperature will just be too high.

I want picture of all fires.

uuuuh, didn't you have a knc machine before?
My experience was there was never a cooling problem, as they were overcooled, and every single board ran better at 75-80C than at 40 or 50C
So why expect cooling problems now?
If it catches fire... I'll roast marshmallows.

All of the first KNC hardware came out in October if you remember. Beginning of winter and cool months. They have never been through a summer yet. Hazy, hot, humid 95 degree temperatures. That's what everyone has to look forward to. If I had the opportunity to get a Neptune or opt for cloud, I would definitely take the cloud. I could never keep a Neptune powered up all the time and keep it cool. Not in the summer.

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