this pic was posted a while ago. iirc the guy with the red shirt is fc.  THANK YOU! Much appreciated. No, that is Rockminer. my bad, i just saved the pic last august and some user said it is him. nevermind. Well, you made me laugh now anyway. One would think a simple internet search would turn up all the information we need... After all it is purported (by AnotherAnonlol) to be a wonderful thing. |
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this pic was posted a while ago. iirc the guy with the red shirt is fc. THANK YOU! Much appreciated. |
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The threats were against Yifu (Avalon), not FC. And that was just a stalling tactic by Yifu since he double-sold chips and people were pissed.
Some have seen FC on a very early Skype call, I think. No photos that I know of, but I might be wrong. There is a photo floating around of rockxie (RockMiner) that some people confused with FC but it wasn't really FC.
 This photo is purported to be Sam Cole, BFL_Josh, Friedcat and Yifu. Are you suggesting that Sonny Vleisides is Friedcat? No. You need to look up the work "purported". I haven't seen an image of Friedcat or Sonny. Are you suggesting that the purported photo of Friedcat is actually Sonny? well whoever is 'purpoting' that pic has friedcat in is either trolling or mentally deficient. fc is skinny, wears glasses and shock horror..asian, if you don't beleive phinneus' suggestions you can copy the name into google, just a few seconds later you will have some confirmation . the internet truly is a wonderful thing Who the hell is phinneus? Anyway, I was being facetious. As for the internet... it sure is isn't it: https://forum.btcsec.com/index.php?/topic/2036-foto-razrabotchikov-asic-mainerov/page-2 |
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The long and short of it is that AM is switching from self mining to chip sales. It is hard to adequately summarize the last... 500 pages of this thread, but this change in AM's model along with holding profits for re-investment is what is likely the cause. August 2nd should provide us with more answers, I would stay away from speculation and just wait till then for more info.
Ah. I see thanks. I'll make a note of this date. So far I have 0.045 BTC for a 1.24 BTC investment. Not good. Actually, your 1.24 BTC investment is bidding at ~0.65 BTC so your return is actually double what you thought as a percentage  |
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The threats were against Yifu (Avalon), not FC. And that was just a stalling tactic by Yifu since he double-sold chips and people were pissed.
Some have seen FC on a very early Skype call, I think. No photos that I know of, but I might be wrong. There is a photo floating around of rockxie (RockMiner) that some people confused with FC but it wasn't really FC.
This photo is purported to be Sam Cole, BFL_Josh, Friedcat and Yifu. Are you suggesting that Sonny Vleisides is Friedcat? No. You need to look up the work "purported". I haven't seen an image of Friedcat or Sonny. Are you suggesting that the purported photo of Friedcat is actually Sonny? |
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The threats were against Yifu (Avalon), not FC. And that was just a stalling tactic by Yifu since he double-sold chips and people were pissed.
Some have seen FC on a very early Skype call, I think. No photos that I know of, but I might be wrong. There is a photo floating around of rockxie (RockMiner) that some people confused with FC but it wasn't really FC.
This photo is purported to be Sam Cole, BFL_Josh, Friedcat and Yifu. |
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AFox, did you file in Sweden? How long did the whole process take?
I hired a lawyer in my country (France) specialized in European law. It took two weeks. I don't know how the lawyer did it. He just asked for the invoice from KNC, my IBAN (account informations) and my identity card. The interesting thing, is that I paid in BTC, but KNC issued me an invoice in USD and paid me back by bank transfer in USD. So you basically made money? Paid 11 btc or so, and got $10,000 back (which would buy 16.6 btc now)? Brilliant, instead of buying a machine that makes bitcoin, you invented a refund process that makes even MORE bitcoing the machine. No he did not make money. He paid $10k and got back his $10k in another form. Not true. He bought a machine that produces bitcoin not dollars (and he bought it with btc). His refund of the machine produced 5.6 BTC more than he paid. His refund produced 3x more bitcoin than the machine will over its life. He did a great trade. All right, I give. He's as sly as AFox. Wouldn't it have been easier to sell the BTC when it was worth $1200 and buy it back at $600? You know, cut out the middleman, the lawyers, the stress etc... |
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AFox, did you file in Sweden? How long did the whole process take?
I hired a lawyer in my country (France) specialized in European law. It took two weeks. I don't know how the lawyer did it. He just asked for the invoice from KNC, my IBAN (account informations) and my identity card. The interesting thing, is that I paid in BTC, but KNC issued me an invoice in USD and paid me back by bank transfer in USD. So you basically made money? Paid 11 btc or so, and got $10,000 back (which would buy 16.6 btc now)? Brilliant, instead of buying a machine that makes bitcoin, you invented a refund process that makes even MORE bitcoing the machine. No he did not make money. He paid $10k and got back his $10k in another form. |
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That is just 2 R3s wrapped in metal. Multiply the R3 specs by 2 to get the specs. I sent an e-mail to Rockminer about the specs on the R4 because while the specs were incomplete (or non-existent), they were reported as having 96 BE200 chips in them. The reply stated that someone else would answer that question and after a couple more days with no reply, I went back to the site and saw it had been corrected to 48 BE200 chips. So in reality, it is NOT 2 R3s wrapped in metal. It is one R3 wrapped in metal. |
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I'm weeks into an RMA for two cubes and a controller card that didn't function. I finally received the controller card but absolutely no news on the cubes.
I'm getting the same crap from KfC; not as bad as you but I have a dead die on a cube so it's running at 75% speed. KfC admitted that it's not working properly but refuse to do anything because they say the malfunctioning machine is over 3TH anyway. I'm now planning to dump it in my buddies Novec and see if I can kick it into action with massive over voltage. So I'm not really going to agree with "Terrible early yields" just because our dreams of a 6th/s Neptune didn't come true...
Yeild, as in number of usable chips out of the number on the wafer... not the speed of the chips that do work. you might find your posts being deleted, proving him dense like that. watch how quick mine keep getting duh-leted nothing to do with that... seriously.... Here I thought it was you because mine were deleted ...  user27... yeah it looks like they did no binning  I don't believe they would have skipped that step after fabbing "an industry-first" 20nm ASCI chip. That would have been downright negligent. More likely the binning was done and most of the chips ended up in the bin. |
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Points taken...
Fact remains... if they hadn't had to re-submit the code, Neppies would have been ready sooner.
That's an assumption, not a fact. Okay, fair enough... For those of you running a shitload of miners, and going long term, this will help.... http://www.galco.com/circuit/harmon.htm Good find Phoenix. Not only will it save a bit of money but it should prolong the useful life of the miners by making them slightly more energy efficient. |
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That is just 2 R3s wrapped in metal. Multiply the R3 specs by 2 to get the specs. |
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Many accurately predicted delivery date exactly including what appears to be a pause. Few predicted accurately at the time, future diff. We were, all of us in this thread, equally informed of their calculations and invited to do our own. In fact we were re-reminded more than once. Still got your homework? How many were graded incomplete? Of the accurate diff predictors, fewer still that also ordered Nep in the first place. My recollection is that 'last second 1 box shipped @ 3.001T' was the consensus. YMMV  I think a great many were hoping for a surprise. It didn't happen. Hopefully the Neptoon penta-miner can be run at a higher rate than shipped. |
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We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
from where is that? That was per friedcat. Unless you provide a link to the post where Friedcat said that, it may as well have came straight out of a bull's arse. Use the bloody quote feature!  Was via messages...not a post. Did he say how much collateral do you have to put up for an 850GH/s miner? |
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We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.
On each difficulty change, you pay us:
(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.
If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.
After that we give the deposit back to you.
Are there any PPS pools left? 50BTC charges a 6% fee on PPS and most have dropped PPS mainly due to the pool hopping issue. That 6% is going to come out of the franchisee's cut which makes it look slightly less desirable unless of course you're going to miner solo but you're going to need quite a few 850GH/s miners to make that work. |
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Well now to be fair, you have to read the entire article. Later in the article he "explains' the "lie":
This is where the lie comes into the picture. The video they uploaded to Youtube actually shows a significantly faster product than what they promised customers.
We said from the beginning that our product would do 350 GHz. Then, we went out and said that we had made some adjustments and gotten our chips to be faster. We did things like this a few times, says Andreas Kennemar.
We always knew that the chips would be faster. We lied to make customers happy and to confuse competitors. They didn t know where we d set the bar.
Well to be fair, that is a lie too. Their jupiter launch video ( http://www.youtube.com/watch?v=JFOcI8nK2xI) clearly stated where their bar was: "It's a 500 machine"
500GH/s Then a week or so later they insisted if you got 400GH, that was all you were entitled to, even after their launch video promising 500GH/s+. So they were liars in the sense of NOT delivering what they promised, i.e. liars I'll remind you for the 7 millionth time of this gem of knc's not-too-distant-past. Hi, We understand your concern regarding your miner not performing as well as others, however as your hash rate is higher than 400GH/s we cannot issue a RMA. We are continuously working on the firmware to improve performance and stability. If you have any further questions or issues please do not hesitate in contacting us. Best regards | Med vänlig hälsning Keith Gurnett Kncminer www.kncminer.comOffice: +46 8559 253 20 So they just lied to people, nothing more or less. Like the lie of claiming they would deliever all units by Oct 15th, even though they knew from the beginning of October they could never achieve that. And a million others if I could be bothered to dig them out. And I noted 3 other lies knc told to decieve customers above, please address those too if you wish to defend KNC's policy of deceipt. Of course, you're right. I hadn't consider the fact that they said, "We have a 500 machine here for you." Also, the earliest customers got either the 4VRM or crippled 8VRM machines and those ordering later got 8VRM machines which run cooler and faster and overclock really well. AND the people hashing in their data center were (allegedly) compensated 4 BTC due to delays but the people having miners shipped a week late got none. The more I think about it the worse it gets. true, somewhat, if a bit backwards...... the 8 VRM Jupiters were the "early" ones. Mostly, people got the 4 VRM Jupiters, which "overclocked" just fine tho. The "lucky" few people who got the early 8VRM Jupiters normally had dead VRM's... unless you did some tweaking. Now, with Neptune's power requirements, all come with 8 VRM's, with all 8 nearly "maxed out". I paid in BTC on the first day of orders and should have had one of the first miners shipped. Mine is a 4 VRM using the GE Critical Power DC/DC converter. I run it over-clocked with a setting of 361. I have to open the case and put extra fans on it to keep it cool and the VRMs are over 50 amps - have been for a 4 months now. A couple months ago I picked up a second hand October unit with 8 VRMs. The thing is, only 4 of them were enabled so I turned on the other 4 and did some tweaking. I run that one at 391 with no extra cooling and the case fully assembled. The highest VRM is running at 30 amps. So there is tons of room left for tweaking but those are the Ericsson DC/DC modules. My understanding is that the November modules use 8 Ericsson VRMs and can easily be run at 1000 GH/s with a little extra cooling and a beefed up power supply. I believe this because I am at 800 without really trying. The updated firmware is even specific to the October vs November devices. I even tried the November firmware on my October 8 VRM device and it did not work even though it also has 8 VRMS. Now all the Neptune modules must have 8 VRMs otherwise it would not be possible to supply the required power. |
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Well now to be fair, you have to read the entire article. Later in the article he "explains' the "lie":
This is where the lie comes into the picture. The video they uploaded to Youtube actually shows a significantly faster product than what they promised customers.
We said from the beginning that our product would do 350 GHz. Then, we went out and said that we had made some adjustments and gotten our chips to be faster. We did things like this a few times, says Andreas Kennemar.
We always knew that the chips would be faster. We lied to make customers happy and to confuse competitors. They didn t know where we d set the bar.
Well to be fair, that is a lie too. Their jupiter launch video ( http://www.youtube.com/watch?v=JFOcI8nK2xI) clearly stated where their bar was: "It's a 500 machine"
500GH/s Then a week or so later they insisted if you got 400GH, that was all you were entitled to, even after their launch video promising 500GH/s+. So they were liars in the sense of NOT delivering what they promised, i.e. liars I'll remind you for the 7 millionth time of this gem of knc's not-too-distant-past. Hi, We understand your concern regarding your miner not performing as well as others, however as your hash rate is higher than 400GH/s we cannot issue a RMA. We are continuously working on the firmware to improve performance and stability. If you have any further questions or issues please do not hesitate in contacting us. Best regards | Med vänlig hälsning Keith Gurnett Kncminer www.kncminer.comOffice: +46 8559 253 20 So they just lied to people, nothing more or less. Like the lie of claiming they would deliever all units by Oct 15th, even though they knew from the beginning of October they could never achieve that. And a million others if I could be bothered to dig them out. And I noted 3 other lies knc told to decieve customers above, please address those too if you wish to defend KNC's policy of deceipt. Of course, you're right. I hadn't consider the fact that they said, "We have a 500 machine here for you." Also, the earliest customers got either the 4VRM or crippled 8VRM machines and those ordering later got 8VRM machines which run cooler and faster and overclock really well. AND the people hashing in their data center were (allegedly) compensated 4 BTC due to delays but the people having miners shipped a week late got none. The more I think about it the worse it gets. |
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Are you sure its not the zipties? ;-)
It's the zip ties... |
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Liam told me today that batch 1 started shipping this week and the last orders from batch 1 will be sent out on Monday. Nothing shipped Tuesday. So from what they are saying batch 1 will be built and shipped over approx. 6 days with the 4th and 5th days being Sat/Sun; so half of batch 1 will have been sent by close of business tonight.
Well if someone from KNC told you, then it has to be the truth  We expect to ship to Batch 1 pre-order customers this week and to Batch 2 pre-order customers before the end of the month February 2014 Newsletter:"As we are getting closer to the launch date of Neptune"
February 2014 Newsletter:To make sure that everyone who has paid for their Neptune gets their hashing power we are building a data centre like no other. It is located in the north of Sweden not far from Facebook and other Mega Data Centres and it’s totally powered by renewable energy.
Over the next few months we are bringing online enough hashing power to make sure that any delay in the Neptune timeline will be compensated with a **completely free** hosted hashing packages to all fully paid customers. http://www.va.se/special/knc-miner-631834The bitcoin fever, just as other gold rushes, has occasionally been chaotic. Large fortunes have been won and lost. Fights, bluffs and mistrust have been common. In short, it has been a bit of a Wild West. Even KNC Miner has a turbulent history. “We lied the whole time.” That is how Andreas Kennemar describes the strategy they used to reach the position they have today within the bitcoin world today, as a respected and profitable company (sic). KNC's entire business is built on a pathological level of lies/fraud/deception/misrepresentation. Well now to be fair, you have to read the entire article. Later in the article he "explains' the "lie": This is where the lie comes into the picture. The video they uploaded to Youtube actually shows a significantly faster product than what they promised customers.
We said from the beginning that our product would do 350 GHz. Then, we went out and said that we had made some adjustments and gotten our chips to be faster. We did things like this a few times, says Andreas Kennemar.
We always knew that the chips would be faster. We lied to make customers happy and to confuse competitors. They didn t know where we d set the bar. |
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I have been always taught that slight inflation is good. I saw people pointing out 100 year graph of USD always having slight inflation. It makes sense, it makes a little urge for people to spend. But I believe that also deflationary system can work. People will still buy things they need, although not as much.. Causing joblessness etc  If possible to, can you please somehow prove that deflationary financial system can be sustainable aswell? Come on man. We're not going to write your economics thesis for you for free... |
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