My feelings exactly - ASICs opened the doors to the worst scams of them all - this was never possible in the GPU days -
everybody had access to real hardware vendors, not these these wannabe pretenders.  The verdict on KNC is still out,
I did consider them back in May, but decided against it when they pulled the plug on the FPGA Litecoin miner.
Instead I decided to pursue the Avalon group-buy DIY route - with a reputable organizer (Zefir) - well at least I received
a full refund from Zefir - thank you again.

At this time it does not make sense to buy any mining product, especially a pre-order, as all ASIC manufacturers use their
profits to mine, or even worse, use your pre-ordered equipment to mine (Avalon). and then don't even have the decency
to clean them up, before finally shipping them to their customers.

I am not saying that KNC is like Avalon, but their September shipping date is already moved at best to September 30, if
this month at all.  Remember, every ASIC manufacturer is above all else your competition in this game, and they hold
the upper hand.  

He used an X-terminal to ftp it.

Didn't mean to hurt your butt. Sorry.

Seriously though.....   people need to fucking WAKE UP!

SLAVES!!!!

Don't feel bad. You'll make your money back somehow.

But it could be stripping and moonlighting, with your head in the sand and your ass in the air, anyways.

 

Re: Please sum up bitcoin in less than 200 words. !! ( for a small flyer )

@bitcoinorama:

any news about your w/e in Stockholm?
do you buy the ticket?

1. They never pulled the plug on the Litecoin miner. They had never promised any kind of Litecoin miner back then. It was me hassling them non stop to make Mars into one, that's how I struck up a rapport with Sam in the first place, it's in this thread. His response always was the entire point in Mars was to prove of concept of the ASIC code working. He took aboard my comments, and even started a poll on the KnC site, when the volume of people voted 'yes' we want a Litecoin miner KnC only then promised to revisit the idea after the ASIC. They weren't going to develop multiple products simultaneously as that would heap ordinate one or the other project. Now they are working on an FPGA miner.

2. I have to laugh at all this ROI crap, and the nonsense written above my response. How was this ever going to be any different from GPU mining? What you seriously, seriously thought you'd be banking thousands of this? For starters it's a machine that spits out Bitcoins, as graphics cards did when you applied the Bitcoin protocol to them. Secondly, don't blame the manufacturers, blame yourselves, whilst profit margins exist customers pile in, as you all want money printing machines. How many of you actually had a GPU farm in the first place?? Few here I bet supported Bitcoin before the turn of the year, or were even aware of it. The comments resonate immaturity. Most came from the media explosion after Cyprus hunting a gold rush.  Well like the GPU mining days the real profit will eventually come from a rise in BTC price over time of you believe Bitcoin will continue to grow in strength an adoption. Want some big money? Innovate Bitcoin products and services, making it more approachable to the general public. Convince more people like yourselves to get involved. Stop expecting a free lunch:

Is there any reason why KNC would keep the volume of pre-sales secret? I mean, I'm not interested in their profit, but I'm interested in the projected hashing power they will bring to the network.

Edit: I just figured that the info would most likely cause a wave of refund requests 

I would imagine all the ASIC vendors not to give out their sales figures to the world unless they were a public company under legislation to report such things. It would help their competition do a SWOT analysis.

He made the right call. Litecoin on FPGA is difficult, the performance gain over GPU is marginal (lower power, but cost per hash is similar if not more expensive). There are several products coming to market soon (Jasinlee, Koolio, perhaps Funnow later), and Beekeeper has a demo board. And there are some obvious scams too. There is also an open source miner, though the performance is rather poor.