Bitcoin Forum

Bitcoin => Hardware => Topic started by: joeventura on July 18, 2013, 12:36:47 PM



Title: Network Protection statement from KNCMiner
Post by: joeventura on July 18, 2013, 12:36:47 PM
Received 8:30AM EDT on 7/18

KnCMiner Network Protection Statement


At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers.  So with that in mind our plan is to do as follows:
 
We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.
 
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

Thanks
KnCMiner Team


Title: Re: Network Protection statement from KNCMiner
Post by: qwk on July 18, 2013, 12:42:48 PM
We will ship no devices in December 2013, January 2014 or  February 2014.
[...]
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

In other words:
We promise not to ship devices in Dec, Jan & Feb.
But we will break that promise if we feel like it.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 18, 2013, 01:06:37 PM
We will ship no devices in December 2013, January 2014 or  February 2014.
[...]
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

In other words:
We promise not to ship devices in Dec, Jan & Feb.
But we will break that promise if we feel like it.

No. That's not at all what I read. It states we have integrity and want our customers to achieve ROI, but should we require the need to counter unforseen circumstances and remain competitive we're not stupid.

They above all want repeat custom, that doesn't happen by screwing over your customers. Screwing over your customers seems to be the current competitor's desire, out of reckless greed and carelessness.

Similarly they are not about to throw away what they've been working so hard on. So the latter part is a standard cover their ass protection any forward thinking company would disclose.

You're not a glass half full person are you??

I've met these guys and I consider myself a good judge of charachter, they mean well. I went to sniff them out. Butterfly Labs evidently don't have the same air about them. That much is blatantly obvious.

If you flood the market you destroy any return for your customers. Why would anyone want to do that aside those own personal greed and a one time shot at get rich quick? (which won't happen anyway).

KnC want to develop and build a long standing Bitcoin mining company and encourage Bitcoins usage, believe it or not such a company apparently does exist...! Shock, surprise!!


Title: Re: Network Protection statement from KNCMiner
Post by: dogie on July 18, 2013, 01:29:18 PM
money>>character


Title: Re: Network Protection statement from KNCMiner
Post by: felente on July 18, 2013, 02:14:52 PM
how i have read this:
Quote
we are aware ... that we need our customers ... in order to purchase form us again.
therefore ... our plan is to do as follows:
With the scale of the supply chains ... we will not ship ... [as well as] ... any of our competitors ... [or We will (try to) ship again]...

wtf the arrogance.
is this an agreement between (at least some) competitors? or is this what?


Title: Re: Network Protection statement from KNCMiner
Post by: Loredo on July 18, 2013, 02:31:42 PM
how i have read this:
Quote
we are aware ... that we need our customers ... in order to purchase form us again.
therefore ... our plan is to do as follows:
With the scale of the supply chains ... we will not ship ... [as well as] ... any of our competitors ... [or We will (try to) ship again]...

wtf the arrogance.
is this an agreement between (at least some) competitors? or is this what?
After equilibrium is reached, oligopolists don't conspire; they don't need to.  They respond to each others' statements of intention and signals. 

Before equilibrium is reached, they fight over their shares of the pie, and no agreement is possible. 

This is signaling, as much to the competition as to the customers, and it likely won't have any effect on any vendor's behavior.


Title: Re: Network Protection statement from KNCMiner
Post by: androz on July 18, 2013, 02:44:58 PM
After equilibrium is reached, oligopolists don't conspire; they don't need to.  They respond to each others' statements of intention and signals. 

Before equilibrium is reached, they fight over their shares of the pie, and no agreement is possible. 

This is signaling, as much to the competition as to the customers, and it likely won't have any effect on any vendor's behavior.

seems that knc want play fare with their customers, but now the times are not mature for statements

maybe in the near future we 'll see if the vendors play a cartel agreement for squeeze pragmatically more money from the costumers


Title: Re: Network Protection statement from KNCMiner
Post by: felente on July 18, 2013, 03:03:25 PM
This is signaling, as much to the competition as to the customers, and it likely won't have any effect on any vendor's behavior.
of course )

seems that knc want play fare with their customers, but now the times are not mature for statements
sure ))

not that im against knc - considering by myself an order there.
but. have one more mailing conversation (short) with them, again about "all that fairness" regarding "all their customers"... (not need to quote here).
now to be honest i'm suspecting a knc-megalomania-case, well, in light form :)

ok. nobody is perfect.
counts only that they do their primary job as promised. i will be happy then  8)


Title: Re: Network Protection statement from KNCMiner
Post by: Elokane on July 18, 2013, 03:10:04 PM
This is hilarious.

"We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network."

How will reacting with the release of MORE mining devices protect their customers?

If they want to take a breather to design and manufacture their next gen they can just say so.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 18, 2013, 03:44:22 PM
I swear people in this forum are quite simply dense.

No where does this display any innate arrogance.

They want to play fair and protect customer ROI, but they aren't going to be walked over like little bitches by greedy competitors hellbent on making a quick buck and killing the hashrate in the process, therefore their response can only ever be to remain competitive.

How the f**k can you genuinely misconstrue their words to mean anything different?!?

If you're not a KnC customer, you should, by all accounts be breathing a heavy sigh of relief. Likewise if you are a KnC customer...


Title: Re: Network Protection statement from KNCMiner
Post by: af_newbie on July 18, 2013, 03:53:21 PM
First, let's see if they ship in September.

Why they even send this out is beyond me.  Who cares what your intentions are?
Who are you trying to convince that you care?

Unless it is a scam and they want to milk more suckers before this thing goes belly up.

If I was doing H/W, I would want to get it out of my door as soon as possible because it COULD become obsolete
in weeks if not months.  But then again, they pre-sold stuff months in advance so they don't care when they are going to ship.

Look what happened to Avalon.  I don't think there will be many people ordering batch 4.


Title: Re: Network Protection statement from KNCMiner
Post by: tlr on July 18, 2013, 04:11:05 PM
TLDR: "We won't ship any devices in Dec, Jan, or Feb (unless our competitors do (which they are likely to do))"11


Title: Re: Network Protection statement from KNCMiner
Post by: RoadStress on July 18, 2013, 04:30:34 PM
Bitcoinorama people are strange and usually understand things the way they want to, not objectively.

qwk understood that they will ship more devices "if they feel like it" although they said that they will ship more devices ONLY if their competitors continue to add large amounts of hashing powers.

dogie the same. He is saying that money>> character even if they are proving exactly the opposite thing with their statement. I mean if money >> character they wouldn't release such kind of statement and they would continue to ship units as they please.

Logic fail big time for both of them.


Title: Re: Network Protection statement from KNCMiner
Post by: Paladin69 on July 18, 2013, 04:54:26 PM
Seems like they are trying to create a panic rush of buyers before an undisclosed window is closed this year.


Title: Re: Network Protection statement from KNCMiner
Post by: Raize on July 18, 2013, 04:57:45 PM
Look what happened to Avalon.  I don't think there will be many people ordering batch 4.

I'm pretty sure that if there's anything Avalon has taught us, it's that from now on no legitimate company will be doing preorders. Avalon was better off selling the chips to others that would make their own ASICS, and that's exactly the route they eventually pursued, albeit a bit too late. :(

Yifu did say it was a huge undertaking that they weren't entirely prepared for, especially when a big player could have come out of nowhere, and I am glad they've succeeded in having an almost completely successful Batch 1, almost successful Batch 2 (lack of communication on the SMT was a huge faux paus), not very successful trade-in (most of us have lost about 3 BTC per Icarus over the last three months and still haven't gotten a trade-in email yet), and successful only-because-they-allowed-a-refund Batch 3. Of course, this pales in comparison to the disappointment from BFL, but there's still room for a mining manufacturer that can provide troll-resilient customer service.


Title: Re: Network Protection statement from KNCMiner
Post by: minternj on July 18, 2013, 05:01:02 PM
This is getting very late night telemaketing-ish.

Buy now while supplies last! But wait theres more - Gen2 + better hash/$.

how about getting gen 1 chips made first before this shit.


Title: Re: Network Protection statement from KNCMiner
Post by: af_newbie on July 18, 2013, 05:19:32 PM
how about getting gen 1 chips made first before this shit.
+1

Talk is cheap.  Maybe they've jumped a tiny shark with this one.


Title: Re: Network Protection statement from KNCMiner
Post by: dogie on July 18, 2013, 05:21:08 PM
This also smells like limited supply troubles.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 18, 2013, 05:30:20 PM
Look what happened to Avalon.  I don't think there will be many people ordering batch 4.

I'm pretty sure that if there's anything Avalon has taught us, it's that from now on no legitimate company will be doing preorders. Avalon was better off selling the chips to others that would make their own ASICS, and that's exactly the route they eventually pursued, albeit a bit too late. :(

Yifu did say it was a huge undertaking that they weren't entirely prepared for, especially when a big player could have come out of nowhere, and I am glad they've succeeded in having an almost completely successful Batch 1, almost successful Batch 2 (lack of communication on the SMT was a huge faux paus), not very successful trade-in (most of us have lost about 3 BTC per Icarus over the last three months and still haven't gotten a trade-in email yet), and successful only-because-they-allowed-a-refund Batch 3. Of course, this pales in comparison to the disappointment from BFL, but there's still room for a mining manufacturer that can provide troll-resilient customer service.

Legitimate companies that don't take preorders need serious funding, or equity on tap to cover NRE from the hundreds of thousands to the millions. For such a niche product, unfortunately it's had to happen this way w.r.t. pre-orders...


Title: Re: Network Protection statement from KNCMiner
Post by: SirWizz on July 18, 2013, 05:33:21 PM
This also smells like limited supply troubles.

^ This also smells like dog poo... the supply should be limited because you can't crank out gazilions of chips all competing for the same daily 3,600 pool of bitcoins, it makes no sense. It also would make sense to take a wait and see approach and release Gen 2 when the buyers of Gen 1 actually have the funds to buy Gen 2 hardware.

I have to agree with Bitcoionorama, density is at an all time high around here, it seems.


Title: Re: Network Protection statement from KNCMiner
Post by: yeemartin on July 18, 2013, 06:49:44 PM
This statement is meaningless.

People only care if KNC can keep their word to start shipping in September.

but i think they are little crazy, 28nm technology chips use for only 3 months production and will then be superseded by the 2nd gen chips ? I guess the 2nd gen KNC chip will be 20nm? no 20nm is not exotic enough, 14nm. KNC 2nd gen must be 14nm!


Title: Re: Network Protection statement from KNCMiner
Post by: dogie on July 18, 2013, 06:51:05 PM
This also smells like limited supply troubles.

^ This also smells like dog poo... the supply should be limited because you can't crank out gazilions of chips all competing for the same daily 3,600 pool of bitcoins, it makes no sense. It also would make sense to take a wait and see approach and release Gen 2 when the buyers of Gen 1 actually have the funds to buy Gen 2 hardware.

I have to agree with Bitcoionorama, density is at an all time high around here, it seems.

That logic only applies when accompanied by illusion of grandeur.


Title: Re: Network Protection statement from KNCMiner
Post by: Paladin69 on July 18, 2013, 09:33:54 PM
This is hilarious.

"We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network."

How will reacting with the release of MORE mining devices protect their customers?

If they want to take a breather to design and manufacture their next gen they can just say so.

The statement does seem a bit like damage control...for what reason, I'm not sure.


Title: Re: Network Protection statement from KNCMiner
Post by: erk on July 18, 2013, 09:39:25 PM
This statement is meaningless.

People only care if KNC can keep their word to start shipping in September.

but i think they are little crazy, 28nm technology chips use for only 3 months production and will then be superseded by the 2nd gen chips ? I guess the 2nd gen KNC chip will be 20nm? no 20nm is not exotic enough, 14nm. KNC 2nd gen must be 14nm!
What makes you think fab size is the key to 2nd. generation?

They could simply be making a unit larger than the Jupiter.


Title: Re: Network Protection statement from KNCMiner
Post by: Loredo on July 18, 2013, 09:57:10 PM
Thought experiment.  Assume that the network is comprised of three companies, and everyone else.

Each of the three companies can put an unlimited amount of hash power into the network.  Their fixed costs per TH to do so is c[1], c[2], and c[3].  Their costs of TH/Day is m[1], m[2], and m[3].

Do you think, knowing the levels of c[] and m[], you can determine the ultimate size of the network in theory?  If the three communicate intention to each other, and the others believe statements of intention made by any one, would that result in a smaller network size?


Title: Re: Network Protection statement from KNCMiner
Post by: Meizirkki on July 18, 2013, 10:01:44 PM
The statement makes much less sense than most of you have pointed out. It's absurd they'd do this kind of thing for the sake of customer's satisfaction.

This is because they're mining with their own equipment, and want most profits. Not convinced? To fullfill their promise of "protecting our customers share on the network", they'd have to have a lot of devices sitting around waiting for shipping. I don't think they'd be sitting in a cardboard box all that time. Now, if and when the network hashrate keeps growing, they can dump these units cheap and look like the one who has to make a sacrifice for customers sake.

This is clever PR.


Title: Re: Network Protection statement from KNCMiner
Post by: erk on July 18, 2013, 10:13:21 PM
The statement makes much less sense than most of you have pointed out. It's absurd they'd do this kind of thing for the sake of customer's satisfaction.

This is because they're mining with their own equipment, and want most profits. Not convinced? To fullfill their promise of "protecting our customers share on the network", they'd have to have a lot of devices sitting around waiting for shipping. I don't think they'd be sitting in a cardboard box all that time. Now, if and when the network hashrate keeps growing, they can dump these units cheap and look like the one who has to make a sacrifice for customers sake.

This is clever PR.

Sounds like utter BS to me, another "mining with their own equipment" claim, from obviously a greedy person that thinks all other people are greedy too just like him so he starts FUD stories.


Anyone with basic arithmetic skills can work out for themselves that it's several thousand percent more profitable to sell a miner that takes an hour or less to build, than it is to use the same miner for weeks on end just to get ROI.



Title: Re: Network Protection statement from KNCMiner
Post by: Xian01 on July 18, 2013, 10:15:22 PM
This doesn't make any sense to me. If I had a KNCMiner order, and hoped to receive it on schedule, I would be concerned right now.


Title: Re: Network Protection statement from KNCMiner
Post by: derr777 on July 18, 2013, 10:55:46 PM
It is, indeed, strange.. In fact, its so strange I can't figure out why anyone would come out with such a statement unless something strange was afoot.

You can absolutely assume that their competitiors *will* release as much hashrate as they can during those months, and then what?  KNC responds by dropping prices and selling a bunch of theirs.  A price war ensures, as will be the case with all of these companies eventually, and hashrate will be sold at a fraction of what it sells for now.

This is likely why they made the statement.. because they know that their customers who bought very early, funded the development, and are going to receive in Aug and Sep will be *PISSED* when they drop the price to 500.00 a unit in October to compete with all the others who have found its the only way they can sell any of the chips they've ordered.

They are attempting to cover for when this occurs.. its obvious to me, at this point, in fact.


Title: Re: Network Protection statement from KNCMiner
Post by: dentldir on July 18, 2013, 11:01:39 PM
It is a strange email even if you ignore the grammatical errors and assume they are going to hit their delivery targets.  They aren't in any position to protect the network at this point.

If you are a KnCMiner customer and you are averaging your GH/$ up into the difficulty spike, KnCMiner isn't an option anymore.  So you will have to spend your money elsewhere to reach the plateau as one of the winners.

I guess this matters if you went all in with fiat and aren't already a profitable miner.  Otherwise, it's saying they are essentially out of the race.  They are selling to a market where the most threatening act is paying to mine for however long it takes to come out a winner.  How does cutting your customers off help when the competition will happily destroy their ROI for them?  Bitfury and ASICMiner have already put 50% discounts on the table for time decay.  I suspect that behavior will continue.

Maybe they are getting out ahead of a leaked statement which showed future unit pricing would hurt their current customers feelings?  If that's the case, then offer discounts to existing customers, don't cut them off.  I suppose its more likely that they are stopping production to work on their 2nd generation and are trying to use PR to cover the gap.

Since when did ROI trump strengthening the network anyway?







Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 18, 2013, 11:49:13 PM
Oh FFS no ROI for current customers, no repeat business. Is it really that hard?


Title: Re: Network Protection statement from KNCMiner
Post by: DPoS on July 19, 2013, 12:06:05 AM
It is a strange email even if you ignore the grammatical errors and assume they are going to hit their delivery targets.  They aren't in any position to protect the network at this point.

If you are a KnCMiner customer and you are averaging your GH/$ up into the difficulty spike, KnCMiner isn't an option anymore.  So you will have to spend your money elsewhere to reach the plateau as one of the winners.

I guess this matters if you went all in with fiat and aren't already a profitable miner.  Otherwise, it's saying they are essentially out of the race.  They are selling to a market where the most threatening act is paying to mine for however long it takes to come out a winner.  How does cutting your customers off help when the competition will happily destroy their ROI for them?  Bitfury and ASICMiner have already put 50% discounts on the table for time decay.  I suspect that behavior will continue.

Maybe they are getting out ahead of a leaked statement which showed future unit pricing would hurt their current customers feelings?  If that's the case, then offer discounts to existing customers, don't cut them off.  I suppose its more likely that they are stopping production to work on their 2nd generation and are trying to use PR to cover the gap.

Since when did ROI trump strengthening the network anyway?


I guess most people lost the way of sensing good intentions..   it is a neighborly trait that of course eroded in many places and people.


They don't have the best English but what they mean is that they rather not ship out any more 1st gen miners after november but if other manufactures keep upping the the hashrate they will offer upgrades/units as cheap as they can to current owners so they can avg down Gh/$$ to stay ahead of the curve..

They are not implying they will just ship to new customers endlessly.. if you can comprehend reading, you will see they mentioned protecting their customers so they will return..

They don't expect other miner makers to not do business, they just want to show good faith that if there are heavy ramp up in hashrate then they will do their best to help while they wait to release 2nd gen.   

Every step of the way, knc has shown a very balanced way of thinking that is rare these days but was very common in those closely knit neighborhoods in old tyme towns..



Title: Re: Network Protection statement from KNCMiner
Post by: dbasql on July 19, 2013, 12:17:17 AM
It's seems like they have good intentions and I hope they ship on time because I have vested interest.
With that said I think they have to be careful that they don't devalue their contracts and hosted mining by releasing too much hashing power at one time.
They have that luxury now just not sure how long it will last.

 ::)


Title: Re: Network Protection statement from KNCMiner
Post by: HeRetiK on July 19, 2013, 02:02:06 AM
Oh for fuck's sake people. Nowhere did they state that current orders will be delayed. From how I understand this, it's rather simple: Everyone who orders in time for this batch will get their orders before December. After that there will be a certain protection period as not to screw up the ROI of their first customers. Because, you know, everyone is bitching about a bad ROI on overpriced miners because the market gets flooded by that very same product and we're all competing with each other for better hashrates.

I honestly believe they try to act in the interest of their customers. Network hashrate and ROI are a fragile ecosystem. So just for argument's sake, let's assume they actually have the capacity to produce an amount of hardware that heavily rocks the network with little to no competition. Because, you know, in the current environment they would already have an edge by simply delivering on time and delivering as promised. The first miners go out, everyone see's they're actually capable of doing as promised and miners start ordering en masse. ROI fuckup for everyone, the only one making real profit being KnCMiner. Unless, of course, they're in for the long run and want repeat customers.

Now I'm not saying they're just doing this because they're doing it for a better world. It's a company after all. It's just that from a business point of view it might seem a good idea to not royally fuck your costumers over for a change.

If KnCMiner delivers and makes it right they could be the best thing happening to the network since friedcat. I definitely wish them best of luck because as of now they seem to be the most pleasant Bitcoin ASIC company to currently do business with. But let's see how it turns out, only the next few months will tell.


Title: Re: Network Protection statement from KNCMiner
Post by: DPoS on July 19, 2013, 03:03:14 AM
yep - knc seems to be the table with the best odds in the ASIC mining casino..   fate still runs its course/// but as they say, place your bets


Title: Re: Network Protection statement from KNCMiner
Post by: andrewsg on July 19, 2013, 03:31:19 AM
From a company currently responsible for exactly zero GH/s, this is pretty rich.


Title: Re: Network Protection statement from KNCMiner
Post by: Meizirkki on July 19, 2013, 09:33:09 AM
Sounds like utter BS to me
Which it probably is, but not any more than KnC's BS statement deserves.

Anyone with basic arithmetic skills can work out for themselves that it's several thousand percent more profitable to sell a miner that takes an hour or less to build, than it is to use the same miner for weeks on end just to get ROI.
Anyone with basic sense of logical thinking can work out themselves, that KnC can use this statement to mine almost three months and then sell that hardware late "to protect their customers".

Whatever the case, the statement is clever PR.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 19, 2013, 09:37:53 AM
Sounds like utter BS to me
Which it probably is, but not any more than KnC's BS statement deserves.

Anyone with basic arithmetic skills can work out for themselves that it's several thousand percent more profitable to sell a miner that takes an hour or less to build, than it is to use the same miner for weeks on end just to get ROI.
Anyone with basic sense of logical thinking can work out themselves, that KnC can use this statement to mine almost three months and then sell that hardware late "to protect their customers".

Whatever the case, the statement is clever PR.

Words fail...


Title: Re: Network Protection statement from KNCMiner
Post by: erk on July 19, 2013, 09:52:18 AM
Sounds like utter BS to me
Which it probably is, but not any more than KnC's BS statement deserves.

Anyone with basic arithmetic skills can work out for themselves that it's several thousand percent more profitable to sell a miner that takes an hour or less to build, than it is to use the same miner for weeks on end just to get ROI.
Anyone with basic sense of logical thinking can work out themselves, that KnC can use this statement to mine almost three months and then sell that hardware late "to protect their customers".

Whatever the case, the statement is clever PR.
And miss out on 3 months of production worth hundreds of times more in sales than the mining could ever provide. I think not, more likely they want to use the break to work on the next gen wafer run which would take about 3mths. They are making millions from this first batch, with which they can buy as much BTC as they need.



Title: Re: Network Protection statement from KNCMiner
Post by: de_ixie on July 19, 2013, 09:57:36 AM
For me, this statement means different things (apart from good or bad PR/ intentions)

-> They dont intend to further flood the market after diff. got to high for their 1st gen devices to ever ROI
-> They want to protect customer ROI to let them reinvest in new gen. device (good for customer & good for them)
-> Keep diff. low enough to farm with their own devices (good for them)
-> Signaling other competitors that they do not want to get involved into a senseless, neverending, all ROI destroying ASIC race
-> Signaling other competitors that they are interested in a slow growth of network diff. which would be the best for the whole network
-> Signaling other competitors that they are fully armed in case it comes down to a race
-> Signaling customers that their product is limited (-> buy it, now!, good PR move indeed)
-> Most positive signal for me -> they are very confident about what they do

... place your bets ;)



Title: Re: Network Protection statement from KNCMiner
Post by: erk on July 19, 2013, 10:08:39 AM
For me, this statement means different things (apart from good or bad PR/ intentions)

-> They dont intend to further flood the market after diff. got to high for their 1st gen devices to ever ROI
-> They want to protect customer ROI to let them reinvest in new gen. device (good for customer & good for them)
-> Keep diff. low enough to farm with their own devices (good for them)
-> Signaling other competitors that they do not want to get involved into a senseless, neverending, all ROI destroying ASIC race
-> Signaling other competitors that they are interested in a slow growth of network diff. which would be the best for the whole network
-> Signaling other competitors that they are fully armed in case it comes down to a race
-> Signaling customers that their product is limited (-> buy it, now!, good PR move indeed)
-> Most positive signal for me -> they are very confident about what they do

... place your bets ;)


Probably several of those points at the same time.

In less than two months time, they are going to start shipping thousands of units between 0.1 to 0.4TH/s, that will be a significant impact on the BTC net hash. The are not kidding when they say flood the market. Possible as much as 1,000TH/s worth working on say 5,000 units at .2TH/s each on average.



Title: Re: Network Protection statement from KNCMiner
Post by: HeRetiK on July 19, 2013, 05:22:28 PM
Just thinking about all this hashpower makes me feel all warm and fuzzy inside.


Title: Re: Network Protection statement from KNCMiner
Post by: polrpaul on July 19, 2013, 05:32:16 PM
Just thinking about all this hashpower makes me feel all warm and fuzzy inside.

what about the butt hurt that will come when pre-orders don't deliver 12 months later?

(no different than BFL)


Title: Re: Network Protection statement from KNCMiner
Post by: dentldir on July 19, 2013, 05:48:22 PM
For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered.  Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations. 

They may be a very competent technical team.  However, KnCMiner has no power to "protect" your ROI.  It doesn't really matter what their intentions are.  The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.




Title: Re: Network Protection statement from KNCMiner
Post by: DPoS on July 19, 2013, 06:11:25 PM
  It doesn't really matter what their intentions are. 


And this is the sad state of society.  Left in a land devoid of honesty and trust, lied to over and over, one loses the sense of what intentions are.  Seeing them as just another way to lie and deceive..

For you, nothing but concrete terms matter.  Why even bother until you can press ship me now?   Go to ASICminer and pay the premium to not swim in these waters
   


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 19, 2013, 06:18:39 PM
Boomshackalaka...

https://www.kncminer.com/news/news-25

Quote
We have part of an internal presentation we would like to share with you today. While it contains some technically sensitive information (which we have not released earlier for competitive reasons). We believe it’s now in the best interests of our customers  for us to release this information.

The below slides contain information relating the physical setup of the chip and the internal layout of the device. The biggest news is that we can confirm that our chips will have a quad core solution.

https://www.kncminer.com/images/rnd/Slide2.png

https://www.kncminer.com/images/rnd/Slide3.png

https://www.kncminer.com/images/rnd/Slide4.png

https://www.kncminer.com/images/rnd/Slide5.png

https://www.kncminer.com/images/rnd/Slide6.png

https://www.kncminer.com/images/rnd/Slide7.png

https://www.kncminer.com/images/rnd/Slide8.png


Title: Re: Network Protection statement from KNCMiner
Post by: Xian01 on July 19, 2013, 07:35:43 PM
And this is the sad state of society.  Left in a land devoid of honesty and trust, lied to over and over, one loses the sense of what intentions are.  Seeing them as just another way to lie and deceive..
For you, nothing but concrete terms matter.  Why even bother until you can press ship me now?   Go to ASICminer and pay the premium to not swim in these waters

 My acrimonious dealings with Butterfly Labs have completely turned me off of pre-ordering products in Bitcoin space entirely. It's worth it to me to pay the premium to have ASICMiner products in-hand in a reasonable time-frame, rather than placing pre-orders for cheaper products and be at the mercy of whatever developer shenanigans they decide to pull on their patient customers during the development process.

 I'm sincerely wishing KNC, BitFury, and the others good luck with their projects, and hoping their delivery issues won't be as bad as Butterfly Labs' or Avalons.

 It would be wonderful for Bitcoin miners to be able to go to any of the vendors' websites and have product shipped out within 72 hours, but I really don't see that happening before the New Year with anyone other than ASICMiner.


Title: Re: Network Protection statement from KNCMiner
Post by: erk on July 19, 2013, 07:50:53 PM
For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered.  Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations. 

They may be a very competent technical team.  However, KnCMiner has no power to "protect" your ROI.  It doesn't really matter what their intentions are.  The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.




I doubt it will be that simple, KNCminer specs are way ahead of the current competition. The industry loves to tell the world about products that don't exist for months, giving KNCminer ample time to plan and react.


Title: Re: Network Protection statement from KNCMiner
Post by: Meizirkki on July 19, 2013, 08:10:20 PM
For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered.  Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations. 

They may be a very competent technical team.  However, KnCMiner has no power to "protect" your ROI.  It doesn't really matter what their intentions are.  The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.




I doubt it will be that simple, KNCminer specs are way ahead of the current competition. The industry loves to tell the world about products that don't exist for months, giving KNCminer ample time to plan and react.

At the time KnC hits the market there are tens (perhaps hundreds?) of Th/s from BitFury online. And it doesn't seem likely KnC will be anywhere near Bitfury's Gh/W ratings.

So good luck protecting your customers, KnC  :D


Title: Re: Network Protection statement from KNCMiner
Post by: erk on July 19, 2013, 08:37:54 PM
For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered.  Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations.  

They may be a very competent technical team.  However, KnCMiner has no power to "protect" your ROI.  It doesn't really matter what their intentions are.  The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.




I doubt it will be that simple, KNCminer specs are way ahead of the current competition. The industry loves to tell the world about products that don't exist for months, giving KNCminer ample time to plan and react.

At the time KnC hits the market there are tens (perhaps hundreds?) of Th/s from BitFury online. And it doesn't seem likely KnC will be anywhere near Bitfury's Gh/W ratings.

So good luck protecting your customers, KnC  :D
Have you looked at the Bitfury prices? They are not cheap, I was disappointed when I looked at the Bitfury prices. KNCminer blows them away for value, ASIC running costs are currently trival, so the GH/w is a small part of the equation atm. unless you are trying to set up a data center full of miners.
 


Title: Re: Network Protection statement from KNCMiner
Post by: minternj on July 19, 2013, 08:41:58 PM
Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.


Title: Re: Network Protection statement from KNCMiner
Post by: dentldir on July 19, 2013, 09:33:58 PM
  It doesn't really matter what their intentions are. 


And this is the sad state of society.  Left in a land devoid of honesty and trust, lied to over and over, one loses the sense of what intentions are.  Seeing them as just another way to lie and deceive..

For you, nothing but concrete terms matter.  Why even bother until you can press ship me now?   Go to ASICminer and pay the premium to not swim in these waters
   


You have not understood anything I've posted.


Title: Re: Network Protection statement from KNCMiner
Post by: DPoS on July 19, 2013, 09:44:20 PM
 It doesn't really matter what their intentions are.  


And this is the sad state of society.  Left in a land devoid of honesty and trust, lied to over and over, one loses the sense of what intentions are.  Seeing them as just another way to lie and deceive..

For you, nothing but concrete terms matter.  Why even bother until you can press ship me now?   Go to ASICminer and pay the premium to not swim in these waters
  


You have not understood anything I've posted.


you don't understand what knc wrote...   they never said they will 100% protect your investment..  they said they will, in good faith, react to a heavy change in hashrate and look to offer the 1st gen at cheap rates over the winter to keep their customers up to speed...

you went off the deep end



Title: Re: Network Protection statement from KNCMiner
Post by: erk on July 19, 2013, 10:08:31 PM
Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.
Oh good, half the power usage, that should save me about a dollar a day, only 3 years to recover that from the power savings. Get real!


Title: Re: Network Protection statement from KNCMiner
Post by: minternj on July 19, 2013, 10:19:38 PM
Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.
Oh good, half the power usage, that should save me about a dollar a day, only 3 years to recover that from the power savings. Get real!


I dont pay for power, but I have a cap on how much power I can use where i mine. So  power/hash ratio is extremely important.


Title: Re: Network Protection statement from KNCMiner
Post by: SirWizz on July 19, 2013, 11:28:18 PM
Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.
Oh good, half the power usage, that should save me about a dollar a day, only 3 years to recover that from the power savings. Get real!


I dont pay for power, but I have a cap on how much power I can use where i mine. So  power/hash ratio is extremely important.

Really? And what about space? How many boards/chips will you need to achieve the 400 GH/s of a Jupiter unit? I doubt that you'd be able to keep everything in the same form factor.


Title: Re: Network Protection statement from KNCMiner
Post by: MadHasher on July 19, 2013, 11:32:51 PM
For those that do not have time to read the rest of the threads:

If KnCMiner hits their delivery targets, the existing competition will likely out produce and out price them before or soon after their first units are delivered.  Multiply whatever hashrate they produce by an appropriate constant when you do your ROI calculations. 

They may be a very competent technical team.  However, KnCMiner has no power to "protect" your ROI.  It doesn't really matter what their intentions are.  The only way to protect your ROI would be to guarantee a percentage of the global hash rate for every purchase you make with them.




+1


Title: Re: Network Protection statement from KNCMiner
Post by: Lohoris on July 19, 2013, 11:36:03 PM
Oh FFS no ROI for current customers, no repeat business. Is it really that hard?
I don't understand, are you a supporter of KNC, or you represent them officially?

You are posting like a fanboy, not like a professional PR, so I guess that's the former?


Title: Re: Network Protection statement from KNCMiner
Post by: minternj on July 20, 2013, 12:29:37 AM
Bitfury is half the power usage. Not to mention that is actual not theoretical. bitfury is 1000 dollars more for 400ghz minervs knc. Not sure if that is really blowing it out of the water.
Oh good, half the power usage, that should save me about a dollar a day, only 3 years to recover that from the power savings. Get real!


I dont pay for power, but I have a cap on how much power I can use where i mine. So  power/hash ratio is extremely important.

Really? And what about space? How many boards/chips will you need to achieve the 400 GH/s of a Jupiter unit? I doubt that you'd be able to keep everything in the same form factor.

Whats the Knc unit dimensions? Too lazy to look but last i read someone mentioned it was a size of a 3U rack mount server. Which should be about the same for housing for 400ghz of bitfury. I say should because I really havent looked at the size of the knc.


Title: Re: Network Protection statement from KNCMiner
Post by: dentldir on July 20, 2013, 02:31:02 AM

you don't understand what knc wrote...   they never said they will 100% protect your investment..  they said they will, in good faith, react to a heavy change in hashrate and look to offer the 1st gen at cheap rates over the winter to keep their customers up to speed...

you went off the deep end


The deep end is well educated and interested in facts.  Your ad hominem arguments and musings about the lack of human dignity aren't.

I'll stop feeding the troll now.




Title: Re: Network Protection statement from KNCMiner
Post by: JohnyBigs on July 20, 2013, 03:26:31 AM
I swear people in this forum are quite simply dense.

No where does this display any innate arrogance.

They want to play fair and protect customer ROI, but they aren't going to be walked over like little bitches by greedy competitors hellbent on making a quick buck and killing the hashrate in the process, therefore their response can only ever be to remain competitive.

How the f**k can you genuinely misconstrue their words to mean anything different?!?

If you're not a KnC customer, you should, by all accounts be breathing a heavy sigh of relief. Likewise if you are a KnC customer...

Welcome to the real world where 99% of the population is mentally retarded


Title: Re: Network Protection statement from KNCMiner
Post by: Meizirkki on July 20, 2013, 05:57:54 AM
I doubt it will be that simple, KNCminer specs are way ahead of the current competition. The industry loves to tell the world about products that don't exist for months, giving KNCminer ample time to plan and react.
At the time KnC hits the market there are tens (perhaps hundreds?) of Th/s from BitFury online. And it doesn't seem likely KnC will be anywhere near Bitfury's Gh/W ratings.

So good luck protecting your customers, KnC  :D
Have you looked at the Bitfury prices? They are not cheap, I was disappointed when I looked at the Bitfury prices. KNCminer blows them away for value, ASIC running costs are currently trival, so the GH/w is a small part of the equation atm. unless you are trying to set up a data center full of miners.
That's right, running costs are currently trivial. But if both Bitfury and KnC deliver, it's possible (corrent me if I'm wrong), that not a single miner may achieve ROI in a year. That would make costs not so trivial.

You probably know more about mining than I do, so I should just stfu. The reason I originally responded to you was your misinformation on specs.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 20, 2013, 01:10:18 PM
Oh FFS no ROI for current customers, no repeat business. Is it really that hard?
I don't understand, are you a supporter of KNC, or you represent them officially?

You are posting like a fanboy, not like a professional PR, so I guess that's the former?


No dude I went in person to their open day as did others.

Every step of the way they openly stated, "no ROI for current customers, no repeat business."

That's not fanboy shit, that's common sense, which appears all too uncommon in this thread...


Title: Re: Network Protection statement from KNCMiner
Post by: Lohoris on July 20, 2013, 01:14:32 PM
Every step of the way they openly stated, "no ROI for current customers, no repeat business."

That's not fanboy shit, that's common sense, which appears all too uncommon in this thread...
Assuming a company around here is operating rationally is foolish, due to the incredibly high amount of:
1) scammers
2) utter incompetents
3) utter incompetent scammers

So no, I won't assume they won't do something very stupid, nor should anyone.

If they do well, good. Assuming they will "because it makes sense", however, is dumb.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 20, 2013, 10:22:20 PM
Every step of the way they openly stated, "no ROI for current customers, no repeat business."

That's not fanboy shit, that's common sense, which appears all too uncommon in this thread...
Assuming a company around here is operating rationally is foolish, due to the incredibly high amount of:
1) scammers
2) utter incompetents
3) utter incompetent scammers

So no, I won't assume they won't do something very stupid, nor should anyone.

If they do well, good. Assuming they will "because it makes sense", however, is dumb.


??? They are not a scam.


Title: Re: Network Protection statement from KNCMiner
Post by: qiuness on July 20, 2013, 11:10:09 PM
Bitcoinorama stop wasting your well being on retards...
I have a very good feeling about knc. Maybe it's misplaced, but until proven i`m 100% behind what they are doing.


Title: Re: Network Protection statement from KNCMiner
Post by: Lohoris on July 20, 2013, 11:30:18 PM
Every step of the way they openly stated, "no ROI for current customers, no repeat business."

That's not fanboy shit, that's common sense, which appears all too uncommon in this thread...
Assuming a company around here is operating rationally is foolish, due to the incredibly high amount of:
1) scammers
2) utter incompetents
3) utter incompetent scammers

So no, I won't assume they won't do something very stupid, nor should anyone.

If they do well, good. Assuming they will "because it makes sense", however, is dumb.


??? They are not a scam.

Do I really have to explain you that?!?

Scammers pretend not to be scammers, i.e. everyone says he's not a scammer.

I'm not accusing anyone of being a scammer, but your blind faith doesn't make sense.
Here it is full of scammers, so people are wary.
It shouldn't be difficult to understand that, it's quite a simple notion.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 20, 2013, 11:34:11 PM
Every step of the way they openly stated, "no ROI for current customers, no repeat business."

That's not fanboy shit, that's common sense, which appears all too uncommon in this thread...
Assuming a company around here is operating rationally is foolish, due to the incredibly high amount of:
1) scammers
2) utter incompetents
3) utter incompetent scammers

So no, I won't assume they won't do something very stupid, nor should anyone.

If they do well, good. Assuming they will "because it makes sense", however, is dumb.


??? They are not a scam.

Do I really have to explain you that?!?

Scammers pretend not to be scammers, i.e. everyone says he's not a scammer.

I'm not accusing anyone of being a scammer, but your blind faith doesn't make sense.
Here it is full of scammers, so people are wary.
It shouldn't be difficult to understand that, it's quite a simple notion.


I've been there. I've met them. ORSoC have 10 years experience of designing FPGAs and ASICs. Their engineers are very, very good. They are 100% not a scam.


Title: Re: Network Protection statement from KNCMiner
Post by: Lohoris on July 20, 2013, 11:36:25 PM
I've been there. I've met them. ORSoC have 10 years experience of designing FPGAs and ASICs. Their engineers are very, very good. They are 100% not a scam.
I have not.
Many people have not.

NVM, I give up, for some reason we apparently can't understand each other.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 21, 2013, 12:02:45 AM
I've been there. I've met them. ORSoC have 10 years experience of designing FPGAs and ASICs. Their engineers are very, very good. They are 100% not a scam.
I have not.
Many people have not.

NVM, I give up, for some reason we apparently can't understand each other.


There door is open. Go and visit them.

Creating fud because you won't, can't, or shan't does not help matters, it just shows you want to kick up a stink over being thorough yourself...


Title: Re: Network Protection statement from KNCMiner
Post by: SirWizz on July 21, 2013, 07:37:50 AM
Bitcoinorama... more enthusiastic than the company themselves...

for all your good intentions you really need to take that cock out of your mouth in public. it's vulgar.

im as eager and paid up as the next man but i can't bear your never-ending 'la-la-la, they're perfect' crap

so you went for a visit... you've made that clear. just give it a rest, can you?

or are you prepared to be held responsible for any disappointments that YOUR endless musings may cause?





He's mentioned it a hundred times, that he only shares his personal opinion so he's as liable as everyone else here. You (and everyone else for that matter) are responsible for informing yourselves. The way I see it, he was actually interested/dedicated enough to actually pursue this, went there and shared his experience/feedback with the rest of us.

Myself (and others as well) feel that his opinion is therefore more worthy of consideration, not because it validates KNC but because he actually DID something about it instead of sitting in his chair and spreading FUD (plus he has a cool head on his shoulders most of the time). And FUD needs to be countered.

As for your worthless "contribution" to this thread, you'd probably be better off sending such messages through a PM in the future since I doubt anyone is genuinely interested in finding out what you personally think of him.


Title: Re: Network Protection statement from KNCMiner
Post by: Lohoris on July 21, 2013, 08:32:00 AM
As for your worthless "contribution" to this thread, you'd probably be better off sending such messages through a PM in the future since I doubt anyone is genuinely interested in finding out what you personally think of him.
I'm interested, actually : )

No FUD here, simply people with severe reading comprehension problems.
If you think there is some FUD, you're one of them.


Title: Re: Network Protection statement from KNCMiner
Post by: SirWizz on July 21, 2013, 09:34:44 AM
As for your worthless "contribution" to this thread, you'd probably be better off sending such messages through a PM in the future since I doubt anyone is genuinely interested in finding out what you personally think of him.
I'm interested, actually : )

No FUD here, simply people with severe reading comprehension problems.
If you think there is some FUD, you're one of them.


I'm sure you are ::). Do you have anything to say that's actually worthwhile reading or informative in the least?

Assuming a company is operating rationally is foolish only if you had no information whatsoever on the company or the people involved. Since we have had feedback from a number of people that visited and asked numerous questions, we know they are not out to scam people nor incompetent. There is also plenty of information out there regarding the people involved for those interested.

So while I believe your 'concern' might have been legitimate a few months ago when there was little to no information available about KNC and their partnership with OrSoc, it is not valid now. No one can be sure that they will be able to execute and deliver as promised because there are so many variables in the equation, but we know they are serious about seeing this through, they are a legitimate business and so far they have been the most open/fair with respect to their prospective customers.


Title: Re: Network Protection statement from KNCMiner
Post by: Lohoris on July 21, 2013, 09:50:22 AM
Assuming a company is operating rationally is foolish only if you had no information whatsoever on the company or the people involved. Since we have had feedback from a number of people that visited and asked numerous questions, we know they are not out to scam people nor incompetent. There is also plenty of information out there regarding the people involved for those interested.

So while I believe your 'concern' might have been legitimate a few months ago when there was little to no information available about KNC and their partnership with OrSoc, it is not valid now. No one can be sure that they will be able to execute and deliver as promised because there are so many variables in the equation, but we know they are serious about seeing this through, they are a legitimate business and so far they have been the most open/fair with respect to their prospective customers.
Actually, sir, you're right.
Mh.


Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 21, 2013, 01:09:45 PM
Bitcoinorama... more enthusiastic than the company themselves...

for all your good intentions you really need to take that cock out of your mouth in public. it's vulgar.

im as eager and paid up as the next man but i can't bear your never-ending 'la-la-la, they're perfect' crap

so you went for a visit... you've made that clear. just give it a rest, can you?

or are you prepared to be held responsible for any disappointments that YOUR endless musings may cause?





What a pr*ck. Seriously?! Like I've mentioned plenty of times before. I went in person off my own steam for my own investment. I shared what I saw with everyone else. My opinion, no vulgarity. Anyway, make your own opinion; pull your finger out your ass and go yourself. That's not me claiming they're perfect, that's me telling you to STFU and do something proactive. There appear to be a number of threads started recently with the sole intention of derailing their project, and defaming a legitimate company. This after a month of surprisingly well mannered and well behaved members of this forum letting them do their thing. It's clear who has what intentions, and why, just try and behave like an adult.

I find it amusing that I get labelled as a KnC fanboy when I've been active in many threads and positive towards seeing what both individuals like the DIYers can muster as well as Terrahash, who I was always positive towards. Their issue is participating in a price point that opens investment to idiots who do no research and expect minute by minute updates. I started out on this forum calling scams as and when I saw them, whilst undertaking my own thorough research for my own investment, because I'm nobody's fool. I have the luxury of living in the same continent as KnC who were welcome to people visiting, and still are. Get over it, eat some humble pie, and pay them a visit. You won't though, will you??



Title: Re: Network Protection statement from KNCMiner
Post by: Bicknellski on July 21, 2013, 01:20:08 PM
Bitcoinorama... more enthusiastic than the company themselves...

for all your good intentions you really need to take that cock out of your mouth in public. it's vulgar.

im as eager and paid up as the next man but i can't bear your never-ending 'la-la-la, they're perfect' crap

so you went for a visit... you've made that clear. just give it a rest, can you?

or are you prepared to be held responsible for any disappointments that YOUR endless musings may cause?





What a pr*ck. Seriously?! Like I've mentioned plenty of times before. I went in person off my own steam for my own investment. I shared what I saw with everyone else. My opinion, no vulgarity. Any to make your own opinion, pull your finger out your ass and go yourself. That's not me claiming their perfect, that's me telling you to STFU and do something proactive. There appear to be a number of threads started recently with the sole intention of derailing their project and defaming a legitimate company. This after a month of surprisingly well mannered and well behaved members of this forum letting them do their thing. It's clear who has what intentions, and why, just try and behave like an adult.

I find it amusing that I get labelled as a KnC fanboy when I've been active in many threads and positive towards seeing what both individuals like the DIYers can muster as well as Terrahash, who I was always positive towards. Their issue is participating in a price point that opens investment to idiots who do no research and expect minute by minute updates. I started out on this forum calling scams as and when I saw them, whilst undertaking my own thorough research for my own investment, because I'm nobody's fool. I have the luxury of living in the same continent as KnC who were welcome to people visiting, and still are. Get over it, eat some humble pie and pay them a visit. You won't though, will you??



Unfortunately there are not more people that spend the time to help the community like this. Thanks Bitcoinorama I value that sort of contribution, if only we worked together like this for the good of the community then less people would be blowing hard earned money on vapourware. Of course proof be in the pudding and we all have to do our own homework and take our risks individually but this sort of work from senior members of the community should be appreciated not mocked or ridiculed. Again thanks Bitcoinorama.


Title: Re: Network Protection statement from KNCMiner
Post by: eve on July 22, 2013, 03:34:20 AM
Just make sure KNC delivers in September are all we need ..


Title: Re: Network Protection statement from KNCMiner
Post by: DPoS on July 22, 2013, 03:39:21 AM
endless butthurt BFL refugees storming knc like the walking dread moaning fud from the wilderness

why dont they go to bitfury???  uhh  looks pretty but too hard to put together for them.. they much rather have iMiner like BFL promised them







Title: Re: Network Protection statement from KNCMiner
Post by: DPoS on July 23, 2013, 02:43:14 AM

you're the prick, you mug.

pricking the boards with the same thing over and over.

WE ALL KNOW YOU WENT TO VISIT, my point was shut up about it.

you are boring & repetitious and that is all i wanted to say.

how have you helped anyone since your 2nd or 3rd post?

by repeating that you have been to visit and you love them forever?

keep guzzling it all you want but none of 'us' feel the desire to open a thread a week later to see you've written 'ive been there, why dont you go' 12 more times.

you prick!

AND YOU SirWizz!

Get a room and hold hands.

Bitcoinorama - ive been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.


Bitcoinorama - Well, i've been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.



Awesome!! what would the already paid up community do without you???



Now altogether type...... 'Seriously?? +  i've been to visit, they're so awesome'  for a change...



it's been a loooong time since you had a hug huh?


Title: Re: Network Protection statement from KNCMiner
Post by: timmmers on July 23, 2013, 05:22:22 AM
What if...they aren't selling any boxes until March because the next gen will be off the shelf having been manufactured in those 3 months? So no long wait? Straight into hashing. IF they meet their Sept. Oct deadlines that's got to be a possibility.

What if they sold you a Jupiter in January not having released this info with you in the dark...and a week later released a much more powerful machine at roughly the same price ? You'd be furious and they would be bastards wouldn't they?

Personally I'm pleased they said this, whatever the reason. It means I can factor an upgrade better around that time.




Title: Re: Network Protection statement from KNCMiner
Post by: Bitcoinorama on July 23, 2013, 02:36:58 PM
Bitcoinorama... more enthusiastic than the company themselves...

for all your good intentions you really need to take that cock out of your mouth in public. it's vulgar.

im as eager and paid up as the next man but i can't bear your never-ending 'la-la-la, they're perfect' crap

so you went for a visit... you've made that clear. just give it a rest, can you?

or are you prepared to be held responsible for any disappointments that YOUR endless musings may cause?





What a pr*ck. Seriously?! Like I've mentioned plenty of times before. I went in person off my own steam for my own investment. I shared what I saw with everyone else. My opinion, no vulgarity. Anyway, make your own opinion; pull your finger out your ass and go yourself. That's not me claiming they're perfect, that's me telling you to STFU and do something proactive. There appear to be a number of threads started recently with the sole intention of derailing their project, and defaming a legitimate company. This after a month of surprisingly well mannered and well behaved members of this forum letting them do their thing. It's clear who has what intentions, and why, just try and behave like an adult.

I find it amusing that I get labelled as a KnC fanboy when I've been active in many threads and positive towards seeing what both individuals like the DIYers can muster as well as Terrahash, who I was always positive towards. Their issue is participating in a price point that opens investment to idiots who do no research and expect minute by minute updates. I started out on this forum calling scams as and when I saw them, whilst undertaking my own thorough research for my own investment, because I'm nobody's fool. I have the luxury of living in the same continent as KnC who were welcome to people visiting, and still are. Get over it, eat some humble pie, and pay them a visit. You won't though, will you??



you're the prick, you mug.

pricking the boards with the same thing over and over.

WE ALL KNOW YOU WENT TO VISIT, my point was shut up about it.

you are boring & repetitious and that is all i wanted to say.

how have you helped anyone since your 2nd or 3rd post?

by repeating that you have been to visit and you love them forever?

keep guzzling it all you want but none of 'us' feel the desire to open a thread a week later to see you've written 'ive been there, why dont you go' 12 more times.

you prick!

AND YOU SirWizz!

Get a room and hold hands.

Bitcoinorama - ive been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.

Bitcoinorama - Well, ive been to visit & they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.

Bitcoinorama - Did you know ive been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.

Bitcoinorama - Well, ive been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.

Bitcoinorama - Oh and i've been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.

Bitcoinorama - Did i mention i've been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.

Bitcoinorama - Were you aware that i've been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.

Bitcoinorama - Well, i've been to visit, they're so awesome.

SirWizz, et al - Wow! Thanks for sharing that, you really inspire the community and i wish everyone was just like you.



Awesome!! what would the already paid up community do without you???



Now altogether type...... 'Seriously?? +  i've been to visit, they're so awesome'  for a change...

Really!? When did this happen, as I've hardly been on these forums the last couple of weeks. I've been abroad for a wedding. You really need to calm down, or seek some form of anger management. Have a w*nk or something.

Anyway, I assume this means you won't visit them yourself...rriight?


Title: Re: Network Protection statement from KNCMiner
Post by: SirWizz on July 23, 2013, 04:02:06 PM

Really!? When did this happen, as I've hardly been on these forums the last couple of weeks. I've been abroad for a wedding. You really need to calm down, or seek some form of anger management. Have a w*nk or something.

Anyway, I assume this means you won't visit them yourself...rriight?

See what happens when you're not here, you're missing out on all the fun!  :D


Title: Re: Network Protection statement from KNCMiner
Post by: Ytterbium on July 23, 2013, 06:35:01 PM
endless butthurt BFL refugees storming knc like the walking dread moaning fud from the wilderness

Lol, Those hurt by BFL are afraid to love again.

To extend the metaphor Avalon users already have a hot Chinese girlfriend, while eying the Swedish bikini model across the room, hoping for a threeway in a couple months.