121
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: November 26, 2013, 06:27:11 AM
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None of that matters. You simply do the math for when your miners will stop being profitable (when you'd stop mining), and instead buy btc and hold until that time. You will always end up more profitable that way than if you buy hardware to mine. I didn't do this the first time and instead bought miners from KnC. I will now be lucky if I make half as much btc as I could have if I just bought it at the time I placed my order. The only true winners in the mining game are those who make the miners. The rest are just chumps regardless of how you try and spin it.
Except that i can spend 4000$ (5 BTC) to buy a miner that nets 15+ BTC over a few months Also a friendly reminder that selling BTC will get your ass raped by the IRS as it is an automatically reported transaction on several levels. If the exchanges are getting geared for the rules they are going to have to follow they will have to give you annual reports of your gains or losses for tax purposes
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122
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Economy / Speculation / Re: All time high on Gox! Achieved
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on: November 18, 2013, 04:11:22 PM
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Good god. This post was started 11 day ago, at 266. Stop and think about that for a moment. 149 rise in a 24 hour period if that is what the low is based on, somethings bound to be coming no one likes
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126
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Economy / Speculation / Re: How much of a bubble is this?
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on: November 18, 2013, 10:36:19 AM
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I wish I could hold my money bit I have to cash out . I invested when the coins where 120 dollars . Now I can start my dream job finally. I'm opening few webshops wich I will accept bitcoins! Thanks bitcoin to start my life how many other threads are you going to repeat this in? Anyway it is nice to have few next places to spend Bitcoins on. I was worrying the price rise is just pure speculation, but it can drive the Bitcoin useability at web shops as well if I was a webshop I wouldn't be able to accept btc with the large fluctuation in price. it would have to be imediant conversion into cash or I could lose my ass. purchase a product at 3 a lb and then sell at 3.75 just a few points moving puts me at a loss.
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127
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Economy / Speculation / Re: How much of a bubble is this?
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on: November 18, 2013, 10:08:54 AM
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I wish I could hold my money bit I have to cash out . I invested when the coins where 120 dollars . Now I can start my dream job finally. I'm opening few webshops wich I will accept bitcoins! Thanks bitcoin to start my life how many other threads are you going to repeat this in?
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129
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 15, 2013, 04:46:43 AM
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Saturn purchasers losing $100 per day because of delays Jupiter purchasers losing $200 per day because of delays
No employees of KNC to be found.
No orders after order #19xx or pay date June 10th have shipped
Clearly there has been a huge gap in the shipping process. Seems like the line has stopped for many days.
Still calling for anyone who actually works for the company to show their face and tell us what is going on.
I was a june 10th order, got mine last week Monday
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132
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Economy / Currency exchange / Re: BitStamp Account. 3BTC for 2.75BTC
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on: October 10, 2013, 02:35:52 PM
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I am currently having the same problem with bitstamp . and worse thing is I am giving them all my legit information and they are not accepting it. I think they have figured out a way to keep peoples bitcoin. you cant verify well you cant have when you give up over time they close your account and they keep.
That's just my personal opinion
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133
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Bitcoin / Mining software (miners) / Re: BFGMiner 3.2.1: modular ASIC/FPGA, GBT, Strtm, RPC, Lnx/OpnWrt/PPA/W64, BE Blade
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on: October 08, 2013, 04:25:18 PM
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im trying to go back to bfgminer from easyminer to see if there is a better performance and less hardware errors. When I open up bfgminer it says something about faild to soething opencl library. then the getcomport comes up 2 times.
then I putin url, user and pass. after hitting enter the mining software pauses for a second like its trying to write the cfg file and then I get a error that says this program has stopped responding.
I am on a 64 bit version of windows but have tried both versions, is there any idea what might cause this error?
I have tried running as admin but that did not seem to help.
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134
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 03, 2013, 12:23:48 AM
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If it were not for Bitcoinorama, I would have surely gone nutz by now being in the dark as they say... I for one vote that O'rama gets a Jupiter for the service he has provided us in behalf of KNC He has weathered the storm thru thick & thin
LOL, what service has he provided? Distracting us from the fact that shipping in September went to October. He tried to share what he saw PERSONALLY. So we could decide what we were going to do with more info. KnC are great at ASICs, piss poor at logistics. Not his fault. Most other vendors would be shipping you a .psd in this timeframe. He didn't provide a service, it was a favour. To us and to KnC (who aren't exactly the best at communication either). My only criticism is that he can't box up worth a wank...you always make sure that tape sticks to itself and not just the edges of the cardboard which is very weak as it's designed to adhere to tape. I hope none bust out and get damaged because of that...that would be such a bad thing for the lack of a few seconds taping securely. Hahahaha, those pictures of boxes, asses and people in white coats surely are a relief to me. His box skills are lacking, I agree with that. He needs to twist the tape dispenser slightly left or right when he wants it to cut. If it that cardboard is recycled the tape will probably peel off. WTF, Cratiquing or how ever its spelt how they tape the boxes?
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135
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Bitcoin / Hardware / Re: KNC, 100% of their hashing is currently going into their own pocket.
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on: October 01, 2013, 04:16:55 PM
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Ok so let me clear a few things up from this side;
Firstly I have no beef with GMaxwell, he's always been prompt at responding to any issues I have raised where I have had the need to contact him. Last was a spelling mistake I think and he was v.sharp to correct and courteous. MiningBuddy has been equally proactive and polite.
Secondly, all prior testing was performed on the testnet as appropriate, however when it comes to actual proof to real customers that the product stands up and performs over a longer period it had to be to an account. Andreas and Sam are not desperate for a few hours worth of mining, and honestly it went to Vitali, the software engineer who finally resolved the bugs that had plagued them throughout the day. Seeing as he had only stood up to walk in a circle a couple of times in 24 hours, I doubt anyone would begrudge him that. Miner is offline now and being reviewed/optimised, whilst acceptable production is focused upon.
Thirdly, despite openly stating they will mine with upto 5% of what they manufacture, they aren't. If at any-point they do, it will be unlikely to occur prior to November's shipment. Quite simply they have sold all available boxes. They had to make a call as to what makes more long term sense. Ensure you have sufficient funds to progress with future generations, whilst ensuring there is a proportional float of chips in case of hardware error, returns, etc. The issue with selling out concerned the controller boards, and where the hell they ended up last week almost ruined what was achieved yesterday. More on that later, but in any case Mercury uses the same number of controller boards as Jupiter, one, but only one ASIC.
Finally aside the dev boxes and prototype board revisions, which will lead to an iterative ongoing improvement with respect t hardware, the only device in KnC's possession to 'mine for themselves' will be in the office foyer, and all coins generated from that will be going direct to charity. Which charity? Sam asked me to find one that accepts Bitcoins. I replied why not choose a known and respected one that has yet to adopt Bitcoins and kill two birds with one stone, by having another worth cause adopt Bitcoins as a payment avenue. Isn't there one close to your heart before I call around? And he stated that his little girl, now 2 years old, spent her first 56 days in intensive care at Sweden's Karolinska Institutet - Dept of Women's and Children's health - Neonatology - as she was born 8 weeks premature. This is one of the world's finest Neonatology wards and he feels indebted to them.
That depends, where are you wanting to keep the money in the EU or the states, I have one that my business supports.
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136
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Bitcoin / Hardware / Re: KNCMiner REfusing refunds
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on: October 01, 2013, 07:26:51 AM
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Do you have any proof for this..
proof of the no refunds being offered, yes I do, its on the first page. if ya didn't skim the thread like I sometimes do you would see the big huge pic of the email I posted.
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137
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Bitcoin / Hardware / Re: KNCMiner REfusing refunds
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on: October 01, 2013, 03:12:44 AM
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I didn't know I could get a short term loan to cover the taxes, ill investigate that tomorrow. but I've got shitty credit. :-/ but if the bank will allow the assets of the estate to be used as collateral they should say yes. if they wont, I know what the answer will be.
are you fucking kidding me? I posted that ages ago on this thread. I am really concerned for sanity.... You even quoted some of that post.... Maybe it's a Texas thing. Hey cage, Thanks for the advice, I went to bank and after about 20 mins they was trying to approve me for the full 30k needed and I upset them with asking for the 12k I wanted. it sucks though I sold almost 100 coins and kept 10 for me. :-/ but I guess all's well that ends well.
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140
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Bitcoin / Hardware / Re: KNCMiner REfusing refunds
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on: September 29, 2013, 02:59:29 PM
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I didn't know I could get a short term loan to cover the taxes, ill investigate that tomorrow. but I've got shitty credit. :-/ but if the bank will allow the assets of the estate to be used as collateral they should say yes. if they wont, I know what the answer will be.
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