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Question: What should we do with our Q1/Q2 Neptune orders?  (Voting closed: March 08, 2014, 03:02:57 AM)
Continue to wait. (up to +4 more months) - 14 (51.9%)
Get a refund from KnCMiner in USD, convert to BTC and send refunds to share holders. - 13 (48.1%)
Total Voters: 27

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waldohoover
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March 01, 2014, 03:02:57 AM
 #1

all finished
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effektz
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March 01, 2014, 05:35:29 AM
 #2

Alrighty guys, I said I would revisit this option come March 1st so let's see where we all stand.

We're 2/3 of the way through Q1, meaning KnCMiner still has 4 months, technically, to ship a Neptune until they are considered late.

With BTC/USD rates this low.. and if they stay around this price you guys should recover about ~90/95% of your initial BTC.

Now, I'm good with either way, you guys are the share holders. You want to go the refund round, I will inquire with KnCMiner. You guys want to wait it out, let's do it.

Vote above!  Cool

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WH

I only got a few shares, but I say we wait it out.
Undef
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March 01, 2014, 06:19:39 AM
 #3

14 shares:
Stay the Course.  I want a miner working for me, not a few coins to sit in my wallet.

Waldo, have you considered moving people around among the miner orders so the few who want to bail can get out (refunding the last miner(s) ordered), while the rest of us just move up in the "order queue?"
KyrosKrane
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March 01, 2014, 07:02:31 AM
 #4

6 shares: Stay the course (for now).

KNC has proven themselves reliable in the past.  They've increased the hashing power of units without charging extra, they've delivered when they said they would, and they've generally been an upstanding player.  Even with the pessimistic growth rate of the calculator at mining.thegenesisblock.com, I think we could still make a profit if we take delivery as late as end of March.  Adjusting the growth rate on the calculator to something a little more sane, we could easily profit with delivery as late as end of April, and with luck as late as May. It won't be an instant profit, sure, but we knew that going in. I'm in this for the long haul, not the quick profit.

That said, I'm also a realist.  Grin  My suggestion is that we hold for now, and reevaluate the hold/sell decision in a month's time, around end of March or early April.

Tips and donations: 1KyrosREGDkNLp1rMd9wfVwfkXYHTd6j5U  |  BTC P2Pool node: p2pool.kyros.info:9332
Koops
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March 01, 2014, 07:33:13 AM
 #5

I voted wait  for now also (20 shares).

I agree with the above in regards to knc. If we get delivery pre April we can still make a profit.
zerodegree79
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March 01, 2014, 07:34:53 AM
 #6

6 shares: Stay the course (for now).

KNC has proven themselves reliable in the past.  They've increased the hashing power of units without charging extra, they've delivered when they said they would, and they've generally been an upstanding player.  Even with the pessimistic growth rate of the calculator at mining.thegenesisblock.com, I think we could still make a profit if we take delivery as late as end of March.  Adjusting the growth rate on the calculator to something a little more sane, we could easily profit with delivery as late as end of April, and with luck as late as May. It won't be an instant profit, sure, but we knew that going in. I'm in this for the long haul, not the quick profit.

That said, I'm also a realist.  Grin  My suggestion is that we hold for now, and reevaluate the hold/sell decision in a month's time, around end of March or early April.

well said, same for me

194QBapNFUcYvBX2Ak1FR4ZZXSQy83ELS7
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http://coinking.io/?r=16122
Xeon
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March 01, 2014, 05:51:49 PM
 #7

Refund, i will not lose again my BTC!
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March 01, 2014, 06:18:14 PM
 #8

I could go either way on this, though I'd prefer to have my 8 shares working for me sooner rather than later. It's been a while and I'm not really sure whether I'm in Batch 1 or 2 but didn't KNC offer to have our rigs set up at their facility in the advent of late delivery? I was just assuming this would be up and running sometime in March or latest in April. It would seem that anything beyond that would be refund territory.
spazzcat
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March 01, 2014, 07:29:55 PM
 #9

I say refund, there are other things better to invest in now.
KyrosKrane
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March 01, 2014, 08:14:44 PM
 #10

I say refund, there are other things better to invest in now.
Really? Because I've been looking around for something new, and all I see are Antminers and Gridseeds.

Tips and donations: 1KyrosREGDkNLp1rMd9wfVwfkXYHTd6j5U  |  BTC P2Pool node: p2pool.kyros.info:9332
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March 02, 2014, 01:12:13 AM
 #11

I say refund, there are other things better to invest in now.
Really? Because I've been looking around for something new, and all I see are Antminers and Gridseeds.

Not to mention that nothing has changed since we ordered.  They promised, "Shipment begins in Q1/Q2 of 2014" and it is still Q1 of 2014.  It's not even Q2 yet.  Nothing has changed, except a few vocal people getting a case of buyers' remorse.

If KNC ends up missing the Q2 promise, with no offer to make it up to us, then we'll talk.  Until then, we're getting exactly what we expected--and paid for.  It is the height of unreasonability to say, "We haven't heard anything, so that must mean the worst has happened."  Take a deep breath, folks.
tmu
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March 02, 2014, 02:05:13 AM
 #12

Only 1 share, but stay and wait. I trust KnC to deliver.
I still have "high" hopes on this one. ROI on BTC if not in $, anyway with current $/BTC even refund would be loosing.
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March 02, 2014, 02:28:07 PM
 #13

I say refund, there are other things better to invest in now.
Really? Because I've been looking around for something new, and all I see are Antminers and Gridseeds.

PETA right now is going for 1/3 or more of what it is worth IMHO. It should be round .25 -.3 and you can pick up for less then .1.
KyrosKrane
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March 02, 2014, 05:06:17 PM
 #14

I say refund, there are other things better to invest in now.
Really? Because I've been looking around for something new, and all I see are Antminers and Gridseeds.

PETA right now is going for 1/3 or more of what it is worth IMHO. It should be round .25 -.3 and you can pick up for less then .1.
Sorry, what's a PETA? (Serious question, not being snarky - I've been looking around for new mining hardware, and nothing seems to be in stock or available in the near future, other than Antminers and Gridseed/DualMiner variants.)

Tips and donations: 1KyrosREGDkNLp1rMd9wfVwfkXYHTd6j5U  |  BTC P2Pool node: p2pool.kyros.info:9332
RATM69
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March 02, 2014, 09:35:23 PM
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Stay the course

Bitcoin can go back up in price just like it fell.
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March 03, 2014, 05:15:35 AM
 #16

4 shares and I'm totally okay continuing to wait. 95% back isn't terrible, but I'd much rather let them mine and see where it goes.
spazzcat
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March 03, 2014, 11:17:36 AM
 #17

I say refund, there are other things better to invest in now.
Really? Because I've been looking around for something new, and all I see are Antminers and Gridseeds.

PETA right now is going for 1/3 or more of what it is worth IMHO. It should be round .25 -.3 and you can pick up for less then .1.
Sorry, what's a PETA? (Serious question, not being snarky - I've been looking around for new mining hardware, and nothing seems to be in stock or available in the near future, other than Antminers and Gridseed/DualMiner variants.)

A mining stock, it's over on havelock, https://www.havelockinvestments.com.
spazzcat
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March 04, 2014, 03:29:25 PM
 #18

Is there enough people wanting a refund to cancel one of the miners and consolidate the others?
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March 06, 2014, 04:20:13 AM
 #19

I have 7 shares and would like to wait.
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March 06, 2014, 10:38:02 AM
 #20

I have two shares in Neptune #3. If KnC / waldohoover will allow one miner to be refunded, thats 2/60 shares needed.

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