I love how people are now so invested in KNC miner that they abuse others for not sharing their blind beliefs. Are you really that invested that you're so scared that this might not be fluffly clouds and rainbows ready to give you money printing machines for almost nothing?
What do you think BFL appeared to be like on announcement? Identical.
No abuse dogie, I don't know you and would like some insight into your motivations. I literally want to know why you are saying the things that you are saying? Are you an unbiased observer here? Do you have any stake in any other ASIC miners? Did you go to BFL HQ when they opened up for pre-orders? And to answer your question: Am I scared? No I am not, I am however concerned about my investment, and like most investors/speculators here, I want to do as much due diligence that I can, hence the questioning of your motivations and your bashing of my decision to back KnC with my BTC. Thats fine. I own avalons and (possibly used to) own asic miner hardware. Its not a large portfolio, its not integral to my way of life, and if it was valued at 0 tomorrow I'd be annoyed but not devastated. I couldn't care less if this was Avalon suddenly saying 300000000000GH for $1, I have no allegiances to any company. Its too good to be true: - tiny process no one has even attempted to get close to. Smallest actual miner today is 90nm [ignoring bfl as no significant quantity and their problems]
- massive, massive hash rates predicted
- tiny power consumption predicted
- really cheap prices
- 3 month lead time
- excellent engineers, apparently really clever
All promised without any designs shown, a shitty drawing of a potential case that doesn't even make sense, no pictures of any actual ASIC hardware. Anyone can rock up an FPGA - that's not proof of anything [watch everyone concentrate on this sentence *sigh*].. .... and all the while they're a for profit company. They don't have great ideologies like Yifu, they're here to make money. And how do you make money with a miner you designed? You mine on it. You create a proof of concept, raise funds then deploy the shit out of it. You don't advertise it on a forum, collect preorder money then sell it drip by drip for rock bottom prices. All combined, too good to be true. If these were preordering at 3x the price then it would make more sense, but they know *something* we don't yet. |
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They said earlier that they would be keeping a close eye on hash/$ ratio during development. Does this mean that they might increase the hashing power of the machines closer to shipping if the difficulty increases too much or the price of btc drops significantly ?
Yes. they said that, if they have to do that in order to keep the products competetive, and profitable for us miners, they of course would. What's really, really crucial to bear in mind though is time. Marcus is a freakin' wizard, amd a perfectionist, but Sam is keen to reign him in w.r.t. time and not loose sight of that. The goal IS September. ANY delays and you will be given evidence of any issues with respect to third parties, this is the area for contention with BFL, why are they not giving this? They have more than one PCB fabricator on case of one letting them down. I went through multiple scenarios of weak links and impressively they had answers. Their 28nm chip is relatively uncomplicated in comparison to what they have done in the past, but it has to work first time and well. They may revise it in future, Marcus has an itch to do just that, but they have a promise of September to fulfill. There are multiple future tweaks on the cards, there may even be liquid cooling options for those not housing in data centres. Though you risk invalidating warranty with DIY OC'ing. From an entrepreneurial standpoint what was your impression of the team? Do you feel more confident now that you have met them, what did/does your gut tell you? Run for the hills or Mortgage the house? My gut is saying run for the hills. Think, if you're a small team of clever, top end designers, why would you sell what so ever! You could raise $50m in a few weeks and build the biggest farm ever seen. Why sell ONE unit, they'd make - if their claims are true - 5-20x more by mining than selling. What are you smoking there? Raise $50m in a few weeks? Big LOL! I don't know where you live but raising $50m in a few weeks in a world of recession in a very new domain like Bitcoin seems almost fantasy. Build the biggest farm ever seen? Again big LOL. Do you know the company ASICMiner and do you know how hard is for them to put online 100Thash? And this mining thing was being asked for 100 times on this forum. Why would KnCMiner start mining in order to get 25 bitcoins every 10-30 mins when they can sell the units and make instant money? Do you think mining makes instant money? Mining takes a lot of time and a lot of resources.(think of heat, power and appropriate cooling) They made more money with the preorders in a week than they could make by mining in 6 months. Please tell me (if you can) how long would it take to mine bitcoins worth of $50m and then maybe you will think twice before speaking such absurdities. Hah, bitcoin is about the hottest investment area there is for startups. $50 million is however a damn fortune to take in as A-series financing, period. $5m seed funding when you're playing with 1 month mining + 2 month lead IRL ROIs. Prove the concept as soon as first hardware deploys = as much funding as you can take. They said earlier that they would be keeping a close eye on hash/$ ratio during development. Does this mean that they might increase the hashing power of the machines closer to shipping if the difficulty increases too much or the price of btc drops significantly ?
Yes. they said that, if they have to do that in order to keep the products competetive, and profitable for us miners, they of course would. What's really, really crucial to bear in mind though is time. Marcus is a freakin' wizard, amd a perfectionist, but Sam is keen to reign him in w.r.t. time and not loose sight of that. The goal IS September. ANY delays and you will be given evidence of any issues with respect to third parties, this is the area for contention with BFL, why are they not giving this? They have more than one PCB fabricator on case of one letting them down. I went through multiple scenarios of weak links and impressively they had answers. Their 28nm chip is relatively uncomplicated in comparison to what they have done in the past, but it has to work first time and well. They may revise it in future, Marcus has an itch to do just that, but they have a promise of September to fulfill. There are multiple future tweaks on the cards, there may even be liquid cooling options for those not housing in data centres. Though you risk invalidating warranty with DIY OC'ing. From an entrepreneurial standpoint what was your impression of the team? Do you feel more confident now that you have met them, what did/does your gut tell you? Run for the hills or Mortgage the house? My gut is saying run for the hills. Think, if you're a small team of clever, top end designers, why would you sell what so ever! You could raise $50m in a few weeks and build the biggest farm ever seen. Why sell ONE unit, they'd make - if their claims are true - 5-20x more by mining than selling. Dude you really have it out for this company, what's the deal? I love how people are now so invested in KNC miner that they abuse others for not sharing their blind beliefs. Are you really that invested that you're so scared that this might not be fluffly clouds and rainbows ready to give you money printing machines for almost nothing? What do you think BFL appeared to be like on announcement? Identical. |
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They said earlier that they would be keeping a close eye on hash/$ ratio during development. Does this mean that they might increase the hashing power of the machines closer to shipping if the difficulty increases too much or the price of btc drops significantly ?
Yes. they said that, if they have to do that in order to keep the products competetive, and profitable for us miners, they of course would. What's really, really crucial to bear in mind though is time. Marcus is a freakin' wizard, amd a perfectionist, but Sam is keen to reign him in w.r.t. time and not loose sight of that. The goal IS September. ANY delays and you will be given evidence of any issues with respect to third parties, this is the area for contention with BFL, why are they not giving this? They have more than one PCB fabricator on case of one letting them down. I went through multiple scenarios of weak links and impressively they had answers. Their 28nm chip is relatively uncomplicated in comparison to what they have done in the past, but it has to work first time and well. They may revise it in future, Marcus has an itch to do just that, but they have a promise of September to fulfill. There are multiple future tweaks on the cards, there may even be liquid cooling options for those not housing in data centres. Though you risk invalidating warranty with DIY OC'ing. From an entrepreneurial standpoint what was your impression of the team? Do you feel more confident now that you have met them, what did/does your gut tell you? Run for the hills or Mortgage the house? My gut is saying run for the hills. Think, if you're a small team of clever, top end designers, why would you sell what so ever! You could raise $50m in a few weeks and build the biggest farm ever seen. Why sell ONE unit, they'd make - if their claims are true - 5-20x more by mining than selling. |
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The thing that just doesn't make sense to me and is a red flag is, why are they able to offer SO much better pricing than any other company, when using the most expensive die size?
Off the top of my head, die size is tiny, need to revisit audio there... Which makes it the most expensive? Edit: Okay, process node |
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The thing that just doesn't make sense to me and is a red flag is, why are they able to offer SO much better pricing than any other company, when using the most expensive die size?
Edit: And then selling them. ASICMiner came up with a winning formulae and so mined on them. These guys are suggesting they can change EVERYTHING in performance measures, AND are willing to sell, AND at the cheapest prices by a significant factor.
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Might swell buy blades at that price. Yes blah blah don't comment on the price but you're simple not going to sell. Prove me wrong and I'll be happy, but think you're wasting your time.
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10000% price manipulation, they fed through like 3000 tiny transactions to overwhelm the engine. As to what they gain or why they do it we don't know, all this shows is how fragile Gox is still.
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Smell like plain old price manipulation  Yeah. That's WAY too much money that just happens to be preloaded into a Gox account, traded in one giant bulk and then used to create an even bigger wall to prevent it sliding again. EDIT: And now removed to create a slide wtf |
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Big buy order executing, no walls. 500 just bought
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He may be a D-bag but he's not a scammer according to what I've read on his posts. We can't prophetically tag people as scammers just because they might become one!!!
It's giving the public a heads up rather than labelling them as a scammer. Yep. Not ONE post he has ever made has contributed to anything. Its purely spam, aggressive, disruptive spam to build post count. |
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That is a pretty good price estimate. Some of the first ones we paid a lot more than we should have and more recent ones we got for less.
We are currently paying $20k USD for Avalon 3 module units or 5k per module if you just have the modules (ie: defective unit etc).
Though we are lowering this price by around $200 a day as value gets extracted from them at that rate.
71000 MH/s, earns 2.28807817 BTC/day ($232.24) on average (0.09533659 BTC/hr) with the current difficulty of 15605632.68129 but in 7 days somewhere between 15% to 25% raise in difficulty.. right now its projected at 18.55% but who knows.. it might pull another one like last week but I doubt it.. my bet is 20%.
That seems a fair price, nice to see you're not trying to bully when commanding the cash as others might be inclined to do. If you ever need some business doing in the UK then hit me up  Haha! Yes, this is the 'community organizer' who reckons he can organize a mass refund request for all BFL preorders! Seems like a real solid business partner! A real go-getter!  ... the fuck? Really? You're confused? Let me refresh your memory: https://bitcointalk.org/index.php?topic=226608.msg2385217#msg2385217You really expect people to take you seriously, when you offer to 'handle their business' when you don't even have a basic understanding of how business works? Come on... How can you even take yourself seriously at this point? You reckon you can just walk up to somebody who you see has some money, suck his dick a little, tell him how 'generous' he is and hope he'll throw some sugar your way? Better hope you have a nice pair of tits, if that's your plan. Thats another one added to the ignore list. If you must know, I was selling $m's before I was 18, I've won multiple national awards for entrepreneurship and consulting and I'd walk straight through you if I thought you were anything but a worthless, jealous troll sitting behind a keyboard. |
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That is a pretty good price estimate. Some of the first ones we paid a lot more than we should have and more recent ones we got for less.
We are currently paying $20k USD for Avalon 3 module units or 5k per module if you just have the modules (ie: defective unit etc).
Though we are lowering this price by around $200 a day as value gets extracted from them at that rate.
71000 MH/s, earns 2.28807817 BTC/day ($232.24) on average (0.09533659 BTC/hr) with the current difficulty of 15605632.68129 but in 7 days somewhere between 15% to 25% raise in difficulty.. right now its projected at 18.55% but who knows.. it might pull another one like last week but I doubt it.. my bet is 20%.
That seems a fair price, nice to see you're not trying to bully when commanding the cash as others might be inclined to do. If you ever need some business doing in the UK then hit me up Haha! Yes, this is the 'community organizer' who reckons he can organize a mass refund request for all BFL preorders! Seems like a real solid business partner! A real go-getter! ... the fuck? |
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That is a pretty good price estimate. Some of the first ones we paid a lot more than we should have and more recent ones we got for less.
We are currently paying $20k USD for Avalon 3 module units or 5k per module if you just have the modules (ie: defective unit etc).
Though we are lowering this price by around $200 a day as value gets extracted from them at that rate.
71000 MH/s, earns 2.28807817 BTC/day ($232.24) on average (0.09533659 BTC/hr) with the current difficulty of 15605632.68129 but in 7 days somewhere between 15% to 25% raise in difficulty.. right now its projected at 18.55% but who knows.. it might pull another one like last week but I doubt it.. my bet is 20%.
That seems a fair price, nice to see you're not trying to bully when commanding the cash as others might be inclined to do. If you ever need some business doing in the UK then hit me up |
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Thanks again to everyone who reached out to me. I ended up picking up 17 Avalon units in total - 71 GH/s each (1.2 TH/s of total mining power) and still have well over half to invest in other stuff. We physically picked these up most of these to avoid any risks.
I am still interested in your units if the price is really good though more interested in ASIC companies that can deliver. My partner and I are looking to deploy about $250,000 USD per week over the next several months so please reach out if you can deliver and when and what it would take to get first batch delivery.
Is it fair to estimate that you've paid ~$400k for 17 units = 23.5k per in hand avalon? |
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*combusts in the presence of super admin*
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Pretty sure KNC miner will turn out to be another scam/hyper delay.
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+1 dogie.. why don't you give him a negative trust feedback..?
Ethically you can do it because he sent fake bids to you.
Then he might understand seriousness of the auctions in these forums.!
What fake bids are you talking about ? To me it looks like he was not willing to go over 205 BTC which is a fair offer IMO. Have a look at his post history or around the auctions board. He goes in, makes a random offer which is typically ridiculous or withdraws it himself, adds a few more posts etc. He's just bumping his post count so he can scam people in the future. |
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He took a screenshot of his desktop, he's probably running an FPGA off that computer as well.
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