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The Avenger
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February 04, 2014, 02:50:20 PM |
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Yay - it means on 30.06.2014 they route hashing power of all 4000 Neptunes to their paid customers  Which they no doubt now see as a drop in the ocean of what hashing power they will have online by then... if they can give it away for "free" |
"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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sbfree
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February 04, 2014, 02:55:01 PM |
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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? |
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fubly
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February 04, 2014, 02:57:04 PM |
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Good new´s or bad news   If they really offer every Neptune customer free hashing power inside the world largest Bitcoin Datacenter then they have to produce for at first: 1200 * 3000 Gh/s = 3,600,000 Million Gigas or 3,6 Ph/s (is that right?) Means also that when they sipped to customer´s of closed batch one, the customers of batch 1 official will get the free hashing power and so on. But when they really plan, and somthing with the timeline goes wrong they have to build 7,2 Ph/s in this new Datacenter. |
each time you send a transaction don't forget to use a new address, each time you receive one also!
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ElGabo
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February 04, 2014, 02:57:32 PM |
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I had big trust.
Now I lost all...
It's about pure centralization. Worst than Ghash....
This whole thing fucked up.
(That's my first impression)
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" I'm waiting for my punishment, I know it's on my way
So cut, cut, cut me up and fuck, fuck, fuck me up"
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chrono030
Member
 Offline
Activity: 114
Merit: 10
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February 04, 2014, 02:59:02 PM |
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"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.
(total speculation) They are positioning themselves to be the dominant player in bitcoin generation/transaction validation. Notice that they don't detail the amount of time that they will host your miners in their facility... presumably if you opt for this hosting package then you get 2 years (or so) of hosted hashing after which, you no longer own the device. Once that happens, they will own the lions share of the hashing power and have an unlimited number of 20 nm chips they can toss out on the network whenever they want. Genius plan. |
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sbfree
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February 04, 2014, 02:59:19 PM |
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Free hashing for what exactly speed??
at this point, I am surmising from their statement that if you order a neptune/s, at 3TH each, then you are now definitely guaranteed an 11% increase in hashing power. Yes, he said 11% power consumption reduction, but then he said they stuffed 11% more hashing power back in....ok ok not engineering speak and it probably isnt a perfect trade either...but I am guessing NEPTUNES now coming in at around 3.3TH/s, so that is what they most likely will provide SO FAR for each Neptune. I think. |
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de_ixie
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February 04, 2014, 02:59:42 PM |
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Yay - it means on 30.06.2014 they route hashing power of all 4000 Neptunes to their paid customers Which they no doubt now see as a drop in the ocean of what hashing power they will have online by then... ... my interpretation of all this is not entirely negative. I still think they have good intentions. Quick shot on most possible scenario: - Neptunes late (they already know that right now) - Compensation starting with free 3Th starting April/ May/ June for batch 1/2/3 - Finally delivered Neptunes have to compete with additional 10Ph from their farm... which sucks bigtime To be honest, 3TH for free for batch 1 customers in April sounds very attractive to me. Hick-Hack on Jupiter Sales/ Moduls on the other side sucks for the guys who planned to buy some.... |
European Bitcoin Exchange - Bitcoin handeln im deutschen Rechtsraum. Fair und reibungslos: www.bitcoin.de (Aff. Link - Thank you!) |
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joeventura
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February 04, 2014, 03:01:08 PM |
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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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fubly
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February 04, 2014, 03:01:49 PM |
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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?
192 Cores are making 175 Gh/s is 0.911 Gh/s per core for that is 1000 Cores = 911 Gh/s per 1000 Cores 4 Board´s with each 1000 Cores = 911 * 4 = 3.644 Th/s It sound really good. |
each time you send a transaction don't forget to use a new address, each time you receive one also!
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ElGabo
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February 04, 2014, 03:02:28 PM |
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Yay - it means on 30.06.2014 they route hashing power of all 4000 Neptunes to their paid customers Which they no doubt now see as a drop in the ocean of what hashing power they will have online by then... ... my interpretation of all this is not entirely negative. I still think they have good intentions. Quick shot on most possible scenario: - Neptunes late (they already know that right now) - Compensation starting with free 3Th starting April/ May/ June for batch 1/2/3 - Finally delivered Neptunes have to compete with additional 10Ph from their farm... which sucks bigtime To be honest, 3TH for free for batch 1 customers in April sounds very attractive to me. Hick-Hack on Jupiter Sales/ Moduls on the other side sucks for the guys who planned to buy some.... Don't think April. They said Q1/Q2. End of Q2 is june. You'll get your hash at 1st of july.... |
" I'm waiting for my punishment, I know it's on my way
So cut, cut, cut me up and fuck, fuck, fuck me up"
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ElGabo
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February 04, 2014, 03:03:16 PM |
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Don't be blind guys....
This is no good news.....
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" I'm waiting for my punishment, I know it's on my way
So cut, cut, cut me up and fuck, fuck, fuck me up"
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joeventura
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February 04, 2014, 03:05:07 PM |
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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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The Avenger
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February 04, 2014, 03:06:20 PM |
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Yay - it means on 30.06.2014 they route hashing power of all 4000 Neptunes to their paid customers Which they no doubt now see as a drop in the ocean of what hashing power they will have online by then... ... my interpretation of all this is not entirely negative. I still think they have good intentions. Quick shot on most possible scenario: - Neptunes late (they already know that right now) - Compensation starting with free 3Th starting April/ May/ June for batch 1/2/3 - Finally delivered Neptunes have to compete with additional 10Ph from their farm... which sucks bigtime To be honest, 3TH for free for batch 1 customers in April sounds very attractive to me. Hick-Hack on Jupiter Sales/ Moduls on the other side sucks for the guys who planned to buy some.... Don't think April. They said Q1/Q2. End of Q2 is june. You'll get your hash at 1st of july.... Exactly. They've had to think long and hard how to make them delivering Neptune late sound good to people. Offering people 3TH starting from the date they originally promised to deliver Neptune is, err, quite an amazing "bonus" Not. They will already be hashing with those machines before that date, meaning the customer appreciation batch will be just about as worthless as the batch 2(3), as the bitcoin difficulty will have already risen to account for this hashrate. So instead of having a few weeks and seeing earnings decline, you'll start out with the declined earnings and knc will have cleaned up any profits there to be made already. "Bonus"! |
"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
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de_ixie
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February 04, 2014, 03:06:30 PM |
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Yay - it means on 30.06.2014 they route hashing power of all 4000 Neptunes to their paid customers Which they no doubt now see as a drop in the ocean of what hashing power they will have online by then... ... my interpretation of all this is not entirely negative. I still think they have good intentions. Quick shot on most possible scenario: - Neptunes late (they already know that right now) - Compensation starting with free 3Th starting April/ May/ June for batch 1/2/3 - Finally delivered Neptunes have to compete with additional 10Ph from their farm... which sucks bigtime To be honest, 3TH for free for batch 1 customers in April sounds very attractive to me. Hick-Hack on Jupiter Sales/ Moduls on the other side sucks for the guys who planned to buy some.... Don't think April. They said Q1/Q2. End of Q2 is june. You'll get your hash at 1st of july.... The truth will be in between  (x-files title song) |
European Bitcoin Exchange - Bitcoin handeln im deutschen Rechtsraum. Fair und reibungslos: www.bitcoin.de (Aff. Link - Thank you!) |
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fubly
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February 04, 2014, 03:06:50 PM |
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baptize Bitcoin to KNC Coin  |
each time you send a transaction don't forget to use a new address, each time you receive one also!
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sbfree
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February 04, 2014, 03:07:59 PM |
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I had big trust.
Now I lost all...
It's about pure centralization. Worst than Ghash....
This whole thing fucked up.
(That's my first impression)
elgabo, have you seen GHASH.IO, some russian dudes or something with over 1/3rd of the network, then there DISCUS FISH or whatever, they are coming up fast. BTCGUILD of course.... and who knows who else....so I wouldn't worry too much about centralization. Another positive might be Energy savings or Going Green/er??.....being in some frozen land saves tons on heating....and maybe thermal energy is way cheaper, not sure...but sure is greener. I also plan to keep mining, MAYBE the other miner vendors will have to drop prices substantially in order to compete, and lets more of the masses into BITCOIN and CRYPTO currency... I wonder if Satoshi/s even foresaw such vast amounts of alt coins, and the massive response to all of them... GO BITCOIN, GO LITECOIN, PEERCOIN, DOGECOIN, NAMECOIN and all others.... btw Group Buy for USB sticks to mine LITECOIN/DOGECOIN https://bitcointalk.org/index.php?topic=438177.0 |
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fubly
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February 04, 2014, 03:09:40 PM |
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I think the new datacenter will
halve
thirds
quarter
the return of the neptunes!
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each time you send a transaction don't forget to use a new address, each time you receive one also!
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helmax
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February 04, 2014, 03:10:59 PM |
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bad news again
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looking job
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sbfree
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February 04, 2014, 03:11:18 PM |
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Yay - it means on 30.06.2014 they route hashing power of all 4000 Neptunes to their paid customers Which they no doubt now see as a drop in the ocean of what hashing power they will have online by then... ... my interpretation of all this is not entirely negative. I still think they have good intentions. Quick shot on most possible scenario: - Neptunes late (they already know that right now) - Compensation starting with free 3Th starting April/ May/ June for batch 1/2/3 - Finally delivered Neptunes have to compete with additional 10Ph from their farm... which sucks bigtime To be honest, 3TH for free for batch 1 customers in April sounds very attractive to me. Hick-Hack on Jupiter Sales/ Moduls on the other side sucks for the guys who planned to buy some.... Don't think April. They said Q1/Q2. End of Q2 is june. You'll get your hash at 1st of july.... Exactly. They've had to think long and hard how to make them delivering Neptune late sound good to people. Offering people 3TH starting from the date they originally promised to deliver Neptune is, err, quite an amazing "bonus" They will already be hashing with those machines before that date, meaning the customer appreciation batch will be just about as worthless as the batch 2(3), as the bitcoin difficulty will have already risen to account for this hashrate. at least it won't be late? ? |
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temen
Member
Offline
Activity: 119
Merit: 10
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February 04, 2014, 03:11:31 PM |
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Im little worried that 1 bunkerbuster bomb could wipe out entire kncminer facility Perhaps it wont come to that after all. You dont want to keep all your eggs in one basket edit: this now way means that i hope something like this but money has been the cause of most wars on the planet i think... Good old conspiracy theorist in me starts to lift its head I see  |
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