Jeez dude, I'm not trying to be a dick, settle down.
I never said you were trying to do anything except show how I was wrong, I was not trying to offend you either, if i did I apologize. This community is (I hope) about mutual assistance and not about telling people they are wrong. I am not perfect, I wish to be educated. My attestation is that 5Mh of scrypt mining hardware that costs $940 will recover its own cost and be profitable within a year (probably closer to 6 months) in the right hands. Using math and charts and trends please someone show me the error of my ways, because otherwise you are not helping me or anyone else in making an educated decision. I apologize if I implied that you were totally wrong. I actually agree with you that within a year you should easily ROI. Mining is definitely up for interpretation. I just didn't agree with the initial estimate mainly due to the specific example of doge. The block halving would throw off the initial time of 4.6 months. No ill will intended though. Brother, it will not. You use a good calculator which account for difficulty. Coinwarz calculator is not accurate. Its good for checking profits for only less than a month or so. allcoinminer, You are wrong. it will ROI. If my posts hurt you I apologise. Please see the image I posted above. I was too lazy to put the math I did, sorry about that. We have the calculator ready. https://bitcointalk.org/index.php?topic=514585.msg6597323#msg6597323You are still wrong. You use Litecoin as an example? its the least profitable coin. What calculator is your screen print from? yah I used Litecoin. Can you say the reason why I used it? There is a reason. I will tell you here later. Leave that. Litecoin is not the least profitable. As per coinwarz Doge coin is just 2 coins above Litecoin. But if you check the rates both are almost same. ( Difference is just 0.00000556 for 1mhs and in dollar terms both are same.) So the calculation will be same of Doge and Lite at this present moment. You may check the same with doge if you doubt. And then post here whether it will ROI or Not. Calculator you used? You didn't mention that (again) |
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Jeez dude, I'm not trying to be a dick, settle down.
I never said you were trying to do anything except show how I was wrong, I was not trying to offend you either, if i did I apologize. This community is (I hope) about mutual assistance and not about telling people they are wrong. I am not perfect, I wish to be educated. My attestation is that 5Mh of scrypt mining hardware that costs $940 will recover its own cost and be profitable within a year (probably closer to 6 months) in the right hands. Using math and charts and trends please someone show me the error of my ways, because otherwise you are not helping me or anyone else in making an educated decision. I apologize if I implied that you were totally wrong. I actually agree with you that within a year you should easily ROI. Mining is definitely up for interpretation. I just didn't agree with the initial estimate mainly due to the specific example of doge. The block halving would throw off the initial time of 4.6 months. No ill will intended though. Brother, it will not. You use a good calculator which account for difficulty. Coinwarz calculator is not accurate. Its good for checking profits for only less than a month or so. allcoinminer, You are wrong. it will ROI. If my posts hurt you I apologise. Please see the image I posted above. I was too lazy to put the math I did, sorry about that. We have the calculator ready. https://bitcointalk.org/index.php?topic=514585.msg6597323#msg6597323You are still wrong. You use Litecoin as an example? its the least profitable coin. What calculator is your screen print from? |
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Jeez dude, I'm not trying to be a dick, settle down.
I never said you were trying to do anything except show how I was wrong, I was not trying to offend you either, if i did I apologize. This community is (I hope) about mutual assistance and not about telling people they are wrong. I am not perfect, I wish to be educated. My attestation is that 5Mh of scrypt mining hardware that costs $940 will recover its own cost and be profitable within a year (probably closer to 6 months) in the right hands. Using math and charts and trends please someone show me the error of my ways, because otherwise you are not helping me or anyone else in making an educated decision. I apologize if I implied that you were totally wrong. I actually agree with you that within a year you should easily ROI. Mining is definitely up for interpretation. I just didn't agree with the initial estimate mainly due to the specific example of doge. The block halving would throw off the initial time of 4.6 months. No ill will intended though. Brother, it will not. You use a good calculator which account for difficulty. Coinwarz calculator is not accurate. Its good for checking profits for only less than a month or so. allcoinminer, You are wrong. it will ROI. |
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Jeez dude, I'm not trying to be a dick, settle down.
I never said you were trying to do anything except show how I was wrong, I was not trying to offend you either, if i did I apologize. This community is (I hope) about mutual assistance and not about telling people they are wrong. I am not perfect, I wish to be educated. My attestation is that 5Mh of scrypt mining hardware that costs $940 will recover its own cost and be profitable within a year (probably closer to 6 months) in the right hands. Using math and charts and trends please someone show me the error of my ways, because otherwise you are not helping me or anyone else in making an educated decision. I apologize if I implied that you were totally wrong. I actually agree with you that within a year you should easily ROI. Mining is definitely up for interpretation. I just didn't agree with the initial estimate mainly due to the specific example of doge. The block halving would throw off the initial time of 4.6 months. No ill will intended though. no worries, we're cool |
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We wait until June to see what will happen
Whose "we"? By June you will be the only one waiting. |
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Jeez dude, I'm not trying to be a dick, settle down.
I never said you were trying to do anything except show how I was wrong, I was not trying to offend you either, if i did I apologize. This community is (I hope) about mutual assistance and not about telling people they are wrong. I am not perfect, I wish to be educated. My attestation is that 5Mh of scrypt mining hardware that costs $940 will recover its own cost and be profitable within a year (probably closer to 6 months) in the right hands. Using math and charts and trends please someone show me the error of my ways, because otherwise you are not helping me or anyone else in making an educated decision. |
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 here is a calculator showing straight up 5Mh on DOGE My math shows 4.6 months to break even $950 divided by $204 DOGE difficulty is falling not rising, so even if it were to double still would break even. (oh and the number I quoted was my mining 15mh so I forgot to divide by 3 for the 5mh example, in any case it still becomes profitable) Ok so there are a couple things wrong here. First you are linearly extrapolating that calculator. Ie. $204 each month for the next 4.6 months. That's not a correct way to use a mining calculator. For example, there will be a lot more hashing power coming online over 4.6 months that will increase the difficulty. Zeusminer, for example, is saying they will start delivering some serious hashing this month (if they actually come through). You also reference doge and the block reward is next scheduled to halve in ~60 days so 4 month profitability isn't going to be constant. The price would have to double. And based on your detailed analysis (the part where YOU do some math) the correct answer is what??? |
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I don't have to extrapolate on DOGE if the Difficulty is going DOWN - Forget I mentioned a specific coin. Geez you guys are thick!
So basically I am in a discussion with people who are saying "You are wrong" but have no ability to prove why except anecdotal crap.
I will make it easy for you all to understand.....
Spending $940 on 5Mh of scrypt mining equipment today will get you your money back and then some in the next year.
(hopefully by not mentioning a coin or specific amount of profit will be enough teflon to keep the naysayers away)
Anyone who responds in this thread without at least an attempt at math is WRONG.
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here is a calculator showing straight up 5Mh on DOGE My math shows 4.6 months to break even $950 divided by $204 DOGE difficulty is falling not rising, so even if it were to double still would break even. (oh and the number I quoted was my mining 15mh so I forgot to divide by 3 for the 5mh example, in any case it still becomes profitable) |
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You are totally wrong brother. First, $18 to $22 is no where there in any multipool. Second, there is a factor called difficulty which increases "exponentially". Now run the numbers in a calculator which matter the above. The result will be no ROI. These are not at all profitable or ROI.
I'd ask you to show your work when you make statements like this. 5 Mh of Scrypt mining will make between $18 and $22 a day on a multipool site. At a cost of $950 these units will ROI in under 60 days. Even if I am off by a factor of 100% they still ROI in 4 months. Scrypt difficulty is not increasing exponentially. The mathematical origin of this word has to do with multiplying a number by itself. If that were the case than a coin with a difficulty of 1000 this month would have a 1,000,000 difficulty were it increasing exponentially Litecoin has a difficulty of 7126, for it to increase exponentially it would have to reach 50,000,000 There are no scrypt coins whose difficulty is increasing exponentially on a weekly, monthly or yearly basis. Perhaps the word you were looking for was doubling? Like I said, I may be wrong, if even by a factor of several times over, but my math shows ROI. Also you don't mention during what period you say it won't ROI. So again show your math and prove me wrong. |
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These are not at all profitable or ROI.
I'd ask you to show your work when you make statements like this. 5 Mh of Scrypt mining will make between $18 and $22 a day on a multipool site. At a cost of $950 these units will ROI in under 60 days. Even if I am off by a factor of 100% they still ROI in 4 months. |
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The winner will be the community since the discounts require GPL designs going out that is the focus right? Just a note Marto you want to worry more about making your current customers happier as opposed to worrying about some sort of phony staged competition or race with us. We are not your competition.
Bick this here is a joke in return of you almost caling us scam in Zefir's coincraft tread. Our problems with customers are in the past. And our small team of 3 people for design hw sw and production did already 7 succesful mining board projects. I'm just inviting you EE team in a small competition for fun. You chose to change the subject.... Why ? Are you in or not In the past? Your problems will be in the past when you refund my BTC1.34 that you stole from me. |
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It looks fabulous, but it seems to be overkill when you show just one unit.
If you had 10 stacked under it then people would get a better idea of the benefit of it.
But because the blades are already in square cases and pretty self contained this one may be a hard sell.
Just one mans opinion.
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These a lot of days be far
INDEED  |
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How many days will take for a refund if ask refund at btc?
27 days, 14 hours, 29 minutes and 18 seconds. |
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Got my refund too. Today makes it just under a month since the refund request was made for my 2nd (and last unit).
Imho, KNC feels like a house of cards at the moment that will stay up as long as they can get fresh funds $$$ in or mine enough BTC for the refunds. So I took the BTC refund instead of the wire transfer that never went through.
For what it's worth though, thank you the refund (and customer service for the prompt replies) and good luck to those still holding out
Cheers
House of cards? I want to be that house of cards!! They mine more BTC in a few weeks than they make selling Neptunes, Frankenjups and controller cards. Customers to them are like a mosquito buzzing around them during a dinner party. |
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Finally got my refund today in BTC, you got to call them daily and bug them, I requested refund about a month ago then about a week ago I emailed them a nasty email with threatening to file a complaint with Swedish Officials and demanded refund in BTC or bank wire which was the initial refund, they emailed me and said they would refund in BTC, that was about a week ago, I called them this morning again and went off on them and was told that the refund would happen today in BTC and it did, about $50 less than the original wire amount.
I am glad I got my money back and no more this Pre-Order BS stuff, I think KNC ruined their reputation and would never buy from them again.
That's the way to do it!! Good job!! Works a lot better than posting messages here complaining!! |
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Still looking for signs of anyone successfully purchasing anything from this vendor.
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Today I spoke again for my refund with this assholes. They create new tactic for this week. Now Kurt said: "Here is a link to our terms and conditions: https://www.kncminer.com/pages/tandc
As I stated previously, we do not have a refund policy. However, we are processing all refund for Neptune orders but there are delays in refunds via bank transfer.
BTC refunds are being processed faster. If you would like to convert your current refund to a BTC refund, please contact our support team. " Hey Kurt , This screenshot is for you: It showing your refund notes for Neptune, remember? http://s22.postimg.org/wfg07hoyp/Neptune_Refund.jpgCheck what you promised, then think for a second and check what you have done from this what was promised? ONE BIG NOTHING I agree , You are one big nothing and you go in history after your recent epic fails. SCAM and FRAUD now you are and cheap bastards also. "Dude, Kurt ain't here man" |
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Good luck on Legal action... Considering court "backlogs", and the general slowness of the courts...
Especially in the area of consumer protection...
You would be lucky to get your case heard in court within a year or two in USA...
Is it like that in EU as well?
You would need "criminal" pursuits to get any timely action here,
and they are careful to classify consumer product orders under civil, and not criminal, especially when you are not even local.
Best luck will probably be right in Stockholm if you live there.
Wish you the best... just fair warning on what to expect.
The civil case normally should go pretty quickly. It is standard procedure. Read the TOS also... we are NOT consumers, we are "businesses", as agreed. I don't see any way around that one. https://www.kncminer.com/pages/tandc"1.2 The Products are sold for business use only and Purchaser hereby accepts that it has purchased the Products in order to conduct a business." You guys are hysterical, You have no future as lawyers. Do you or have you applied for the license, permit, whatever to conduct a business? Then you are NOT a business. They asked you to accept a TOS so that asked you to attest to something that was not true. If the TOS said "By purchasing this, you hereby attest that you are a banana" You still are not a banana, although MANY of you act as if you are. |
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