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
ok, so unfortunately i guess there was no good news (for customers) in there that i missed. well, with the exception of those that ordered Neptunes without the ability to self-host.
well me and 2 brothes are into 2 neptunes batch 1 and batch 2 ..while i agree that i'd rather have the Neptunes on time...from my point of view it was getting pretty obvious that at BEST we'd be looking at April and more likely May for even the batch 1 stuff imho...again at the BEST
also looking around at cointerra finally getting its act together.....black arrow MAY they say now.....butterflylabs said dec but they are always 3-4 months late figure march/april .hashfast. who knows march?..trickle out up to speed say april....plus the other private hashing farms being made and of course knc dumping neputunes...well imho it was looking like there was a possibilty of 'everyone" dumping hash at their peak level like in the first week or two of april...that is the kinda luck we would have...tossing an anvil in a rowboat
people have to remember as an investment (if you can get equip) you put elec in one end of the machine and $$$ come out the ass end....everyone and his brother are jumping into the rowboat and a lot private imho we don't know about...
so....with the above looking more and more likely ....all the hash droping in the same month or something equally silly and of course then another lag this summer on equip for yet the next generationg of miners (probably commercial) my Neptune orders were looking like 'toast' ie ..they have a full refund policy....till "shipping" (imho hosting is not shipping so you are still covered if you want to get out)..i was like 70/30 on askinig for a refund
anyway....KNC looks at this and says we have lots of capacity for 28mm production....we are IFFY at best on 20mm neptune production..in the timeline we want....if the above massive hash dumps on the network is likely....and we are not up to speed on mnfg of Neptunes...we not only lose all that $$$ in our refund policy..we have no way to do the cloud hosting plan we want to do for our own mining...and have comercial viablity for doing both equip and mining in the future...ie stuck.
so they covered their a*ss with this plan....ie....I may still ask for a refund depending on circumstances...BUT at least on my 1st run Neptune batch 1 miner...I could probably let it slide for a bit and get hash from their cloud hosting service till it shiped...the 2nd batch one not so sure..but hey it is a better option then just waiting or just refund
...that of course is if the above situation of a lot of hash hitting the network before they could ship neptunes (even in Q1 imho would be tough)
anyway I likely would have 'dumped' my Neptunes for a refund
anyway KNC did this because the 'refunds' put them in this bind...with a no refund plan like the other asic mnfg companies...we'd just have to eat it
anyway to cut my rambling short they have managed to do a few things here
1) give people who bought neptunes an option ...and at least for a bit time to decide on thes options depending when they ship ....attractive option not to "refund on the Neptunes"
ie they bought themselves some time to put up or shut up and stopped a refund rush probably starting in march more or less imho
2) the refund option seems to be still intact ie i can still punt if they don't ship (ie i have the 'choice' to host or not)
3) they have stuck it to... everyone else who asic mnfg units by still having "refunds' and now a hosting plan if they don't ship in time using 28mm units they still can make
the others have no refunds and no backup on late delivery ...risk is all the customers..i see a next batch of neptunes doing really well esp if they are around 8k or so with the refund option still intact and the hosting as backup as a further hedge...if you plan to mine and are new and/or still want to get equip it is the only way to go imho
4) it they stick to their no more then ..what was it 10% of the network by KNC mining..they can still probably do that for KNC proper but that does not mean they can't make money hosting for others on top of that! and if they are as forthright and more honest anyway then then the other asic mnfg companies....and offer a more attractive hosting plan then others ....i've often said if someone came along with a sensible hosting plan ie not gouge everyone....that they'd clean up..if they have the same sensible imho (at least compared to others) hosting plan ..esp with cheap elec (probably the earth energy type thermal common their and of course if in ice pack area cooling is not an issue)....they will clean up in that field as well
5) so yeah they are a business trying to cover their butt but unlike bfl and others....at least they make a real attempt not to throw us overboard...ie customer has all the risk.with those other asic mnfg groups..they may screw up technically imho but at least they (or I like to think as I myself would do running KNC) TRY to compensate us in some manner as time goes along
to me after looking at the other asic mnfg messups bfl hashfast late late late and no refunds screw you policy....anyway a good honest attempt means a lot even it the do screw up at least I know it was not 'entirely" in their self interest
all i know is there are gonna be many many meetings at BFL and Hashfast and Cointerra etc on how KNC is messing everything up by making at least the ATTEMPT to be on time with orders..and if not there are consequences...and not to mention they offer "refunds up to shipping" my gawd it must be driving josh at bfl and the others to FITS right now lmao
anyway how i see it....INTENT is a big deal you can still muck it up ..tech don't work etc...but at least have the INTENT to want to treat your customers well and try to take some responsiblity when those snafu's happen..and if 1yr from now when everyone is hosting/pooling equip due to difficulty.....if you have a niche there too....well to tell the truth i'd probably tag along an't got burnt from them yet
anyway for those of us who have Neptunes still on order.....we can still refund..unlike all the other asic mnfg's and in addition to that we have these further options to keep our equipment.....as well and not punt....anyway.....they seem to keep closer to their word then all the other asic mnfg's so we will see
my 2c worth (again I know zip just my viewpoint)
Searing
