Swedish ASIC miner company kncminer.com

[cedivad]

(I can't believe what i'm reading)

[1713288519]

1713288519

[DPoS]

basically you can read it as they are shifting into a BTC selling endeavor since not sure how much you will make after paying for hosting etc..

Is cloud hashing better than just paying 1% for coins at coinbase over the long haul?

[sbfree]

WOW
MONEY WELL SPENT IF YOU BOUGHT KNC.....

now that is a miner protection plan.

everyone else.....EAT IT!!

"Over the next few months we are bringing online enough hashing power to make sure that any.."

  ...other miners will make .0000000001btc per week

I guess if you didn't believe in KNC from the beginning and continue to believe in them after the slightly late but nonetheless groundbreaking delivery, then you didn't order a Neptune/s, and that might turn to be a costly mistake.

I have to scratch the sleep out of my eyes and re-read the statement, but I swear I read FREE HASHING POWER / FREE HOSTING.....

OR AM DREAMING??

[The Avenger]

Over the next few months we are bringing online enough hashing power to make sure that...

any mining equipment you bought from us will be worthless  

Told ya:

... So it's probably going to be knc, not hashfast or cointerra, that make our jupiters worthless in a week or two. Oh the irony!

So to compensate 3TH machines, they have got to have stockpiled much more than the 5% they once claimed. They must have been in full production for the last few months building their new
Plan B(yteminr) datacentre and filling it with Jupiters. Kunts

[3rac3]

[elasticband]

Boom

[de_ixie]

hmm - quite not sure whether this is good or bad news.

Pro - No delay (in case they are able to build the datacenter this time... first time they failed)

Contra - ähh, "phyisical" Neptune will be late I guess

[sbfree]

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.

[merv77]

WOW
MONEY WELL SPENT IF YOU BOUGHT KNC.....

now that is a miner protection plan.

everyone else.....EAT IT!!

"Over the next few months we are bringing online enough hashing power to make sure that any.."

  ...other miners will make .0000000001btc per week

I guess if you didn't believe in KNC from the beginning and continue to believe in them after the slightly late but nonetheless groundbreaking delivery, then you didn't order a Neptune/s, and that might turn to be a costly mistake.

I have to scratch the sleep out of my eyes and re-read the statement, but I swear I read FREE HASHING POWER / FREE HOSTING.....

OR AM DREAMING??

I'm seeing what you're seeing, is this right?

Orama... where are you...?

It's great news to me... thanks KNC for the update

[jelin1984]

Free hashing for what exactly speed??

[Mogumodz]

"Over the next few months we are bringing online enough hashing power to make sure that any delay in the Neptune timeline will be compensated with a completely free hosted hashing packages to all fully paid customers.

In the addition to this commitment, as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package where we will simply fill your wallets directly and you won’t have to worry about anything else. All the other costs taken care of by us."

Does that means customers can opt in for free hosting for Neptunes?

Trying to wrap my head around it.

[joeventura]

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.

 

[CYPER]

I call this bad news.

So they are building a massive mining farm for themselves (probably already partly built) and if they are late they give us coins.
Sounds good until you think what late really means - until the end of 2nd quarter of this year, so end of June.

They have not defined precise meaning of the word late, so what they say means absolutely nothing.

[The Avenger]

"Over the next few months we are bringing online enough hashing power to make sure that any delay in the Neptune timeline will be compensated with a completely free hosted hashing packages to all fully paid customers."

Can't people read the word DELAYS??

This means if they deliver in Q3/Q4/2015, you will get compensated with hashing power from their datacentre and they won't charge you for the hosting/electricity.

It seems they know for certain Neptune will be late (Q2), if they are promising this now.

[atadro]

could someone with better reading comprehension please tell me what the are doing with respect to network protection for pre-Neptune customers?  i only see 'perks' for Neptune customers in this, but i only have one coffee in my system so far.

[DPoS]

I call this bad news.

So they are building a massive mining farm for themselves (probably already partly built) and if they are late they give us coins.
Sounds good until you think what late really means - until the end of 2nd quarter of this year, so end of June.

They have not defined precise meaning of the word late, so what they say means absolutely nothing.

agreed..  even if you are first in line for neptune and get a bunch of Th..  what is the context?  Will a Neptune even make any money after all the hashing dust settles?


And what is late? Q3?   If you don't get a Neptune early Q2 you are pretty fucked anyway..  so if they mean late is Q2 then you should be fine

[joeventura]

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.

[de_ixie]

I call this bad news.

So they are building a massive mining farm for themselves (probably already partly built) and if they are late they give us coins.
Sounds good until you think what late really means - until the end of 2nd quarter of this year, so end of June.

They have not defined precise meaning of the word late, so what they say means absolutely nothing.

Yay - it means on 30.06.2014 they route hashing power of all 4000 Neptunes to their paid customers

[DPoS]

could someone with better reading comprehension please tell me what the are doing with respect to network protection for pre-Neptune customers?  i only see 'perks' for Neptune customers in this, but i only have one coffee in my system so far.

they took all their 28nm production towards neptune and cloudhashing and drank jupiter owners milkshake

[Paladin69]

I remember when we were supposed to be compensated with coins during their October problems last year.  It never happened.

They offered the gesture.  They didn't have to.  I guess we'll wait and see...

What does more than 1000 core count mean?  4.5TH for a Neptune now?