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1401
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 07, 2013, 09:30:28 AM
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Why should that be crazy? Those miners are premium items, and I paid a premium for them. I know that they have a LOT of profit margin and I don't want them to issue refunds, since they need the money to get gen2 started without preorder bs.
As far as customer satisfaction goes I would have been more than happy to get it in time with 400gh/s. I fully intended to OC them anyway...
They are barely behind, that is why. And, they are shipping 30% + in more Ghash/s - That is more compensation that is reasonable, return wise.
Tell your story to the BFL and Avalon customers (of which unfortunately I am a customer) - There is a huge chance of a successful class action there.
If you feel strongly, just start a class action lawsuit, I just don't get the feeling that many people are pissed about this.
(Perhaps if the other companies delivered we'd all be on the same side, but what KNC is doing is incredible - relative or not).
Now look here: If this was a normal b2c transaction that would be no problem at all. But since this is a b2b transaction it is part of the agreement that both sides honor the agreement. The agreement was: Pay in the first week and get your unit in September day1 day 2. I would have had no problem with getting it as late as Friday, since Thursday was a holiday in Germany. I even called them and was assured my miner would be here Friday morning at the latest. Also, 30% Gh/s increase was no compensation. Most of us here who know a little about that stuff knew that their margins upon margins were no fluke, they stated it that way in order to avoid the BFL desaster with lesser hashrates than promised. That said, BFL is another Company in another country. In Europe they would be in jail by now and all assets returned to their customers. If you read the thread you will notice that I always defended them when undue bs was posted about stuff they were doing. But critique has to be mentioned where it is due. Orama posted here a lot so we know that murphys is a bitch and pretty much everything went wrong at the production. But that is not the customers fault and they should be the ones kept happy. So I ask you, what do you - as a businessman - want more? Unhappy Customers with 4-5 Btc more due to refunds/Unhappy Customers because said refunds are only for hosted Jupiters/Unhappy Customers because day 2 orders are still not in hand OR decreased profit with your gen2 devices/november units because you gave everyone who waited more than a week for their order a discount voucher so that they can MAYBE get their 3-10 days worth of btc back themselves and are happy? That is called Customer Satisfaction and companies want it because it creates returning customers. And I for myself wont buy anymore units from them until I am a happy customer. I'm not sure if you are taking my words personal or not. I just disagree with you (but enjoy your posts and from memory do think you were always on their side). That said, perhaps I didn't know the full story. Are you saying a September 1st or 2nd delivery? If so then I take back what I said. I thought they said shipment before October, technically even the last day of September would be valid, though not nice. I still think the 30% or so higher hashrate is pretty huge. (We have to do the math though). But, as I mentioned above, it depends on the due date. Perhaps clarify that before I give my final verdict.  I'm not sure about the B2B part. I do follow you regarding European companies being held to a higher standard (I'm in Germany and still am shocked by the protections consumers get here. But, much deserved usually.) At this point, I can't see buying more rigs unless there really is some chance at profitability or breaking even. It is sure a fun hobby and that is as far as I think I may take it. Have to finish and see how my GB's turn out. But thus far, very clearly, it would have been better to just buy the BTC's and it isn't even close. I think the mining market might adjust somewhat due to this, but there are other factors involved, such as preferring to mine over buy and sometimes buying isn't even a possibility... Thx, IAS |
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1402
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 07, 2013, 08:58:10 AM
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Good news! I am a late 39xx order myself so it does not affect me, however I was starting to get worried that there was something seriously wrong with the datacentre. Good that they have it up and running!
heh got you beat 304x number.... Only because my funds were tied with BFL. I was one of the last few to get a "normal" BFL refund through PayPal, though, and re-invested into KnC as soon as the money were back. I got you both beat......I couldn't get a refund from BFL......I paid with BTC......& couldn't order a Jupiter,Saturn or even Uranus  Instead,I got my anus reamed,then again by Avalon  You guys got it good,even 2 weeks late would be an amazing feat  Well, I didn't put much in, but my very early June Jalapeno might make me 1 BTC if it ever gets here. LOL My Avalon GB was refunded through Sebastian but Jifu still F'd over a ton of people. Now KNC Miner has upped the Ghash/s tremendously and I can't complain. We should all realize this is a new market, risky and such. If I break even (with todays BTC price say) I can't complain. Eventually, if we all hold long term, we will all break even. Even my 270 Euro Erupter that might mine .3 BTC when all is said and done will one day break even. another LOL Go on BTC, we are a part of a great social experiment and if it costs us some monopoly money, then so be it. |
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1403
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 07, 2013, 08:37:12 AM
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I consider last week highly unprofessional, and told them so. You can't state in your ToS that it is a b2b model and then deliver more than a week late. And I think a kind of compensaton is in order. Not only in form of a few bitcoins or cashback, that would be pretty much pointless. I want a voucher for 50% off on the next gen devices/november units for every unit which should have been here by Thursday/Friday last week.
I would agree with this. Any refund process has to work for KnC, and this kind of arrangement may be the most appropriate option for KnC to rescue customer loyalty that might diminish as a result of these issues.  KNC has done an incredible job, especially when one considers the competition. I say this having invested in a couple of group buys with them. After the Avalon/Jifu and BFL escapades, to look at KNC being slightly behind schedule as warranting 50% off is just plain crazy. How about they deliver your unit one week sooner but with 100 Ghash/s less like they promised? Why should that be crazy? Those miners are premium items, and I paid a premium for them. I know that they have a LOT of profit margin and I don't want them to issue refunds, since they need the money to get gen2 started without preorder bs. As far as customer satisfaction goes I would have been more than happy to get it in time with 400gh/s. I fully intended to OC them anyway... They are barely behind, that is why. And, they are shipping 30% + in more Ghash/s - That is more compensation that is reasonable, return wise. Tell your story to the BFL and Avalon customers (of which unfortunately I am a customer) - There is a huge chance of a successful class action there. If you feel strongly, just start a class action lawsuit, I just don't get the feeling that many people are pissed about this. (Perhaps if the other companies delivered we'd all be on the same side, but what KNC is doing is incredible - relative or not). |
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1404
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 07, 2013, 08:18:30 AM
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I consider last week highly unprofessional, and told them so. You can't state in your ToS that it is a b2b model and then deliver more than a week late. And I think a kind of compensaton is in order. Not only in form of a few bitcoins or cashback, that would be pretty much pointless. I want a voucher for 50% off on the next gen devices/november units for every unit which should have been here by Thursday/Friday last week.
I would agree with this. Any refund process has to work for KnC, and this kind of arrangement may be the most appropriate option for KnC to rescue customer loyalty that might diminish as a result of these issues. KNC has done an incredible job, especially when one considers the competition. I say this having invested in a couple of group buys with them. After the Avalon/Jifu and BFL escapades, to look at KNC being slightly behind schedule as warranting 50% off is just plain crazy. How about they deliver your unit one week sooner but with 100 Ghash/s less like they promised? |
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1405
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 07, 2013, 08:13:58 AM
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Good Job - not 100%, but fair enough compensation When you compare KNC (in just the last few weeks) to BFL since their inception, it is like "God" came down and took things over. (relatively speaking) I is amazing, KNC has upped the Ghash/s SUBSTANTIALLY for FREE and now the 4BTC compensation for a late start. Josh from BFL just says "We are a hardware company" and basically SOL for the late deliveries. Pretty sick (devil). Way to go KNC, IAS |
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1406
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Bitcoin / Group buys / Re: [OPEN] - GROUP BUY of BITFURY Chips + DRILLBIT SYSTEM mining assembly
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on: October 02, 2013, 03:35:12 PM
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Please, not the dreaded "two weeks" again... Bahahaha. Yeah, let's just say "soon"... some weeks, in a bit, a jiffy, before you know it! Send out the good vibes people! Here are some good vibes for you: I'm going to order my powersupply, fans and such! And tell my girlfriend where my miner is going to be on our shelf! (Yes, where visitors can see it. So feel free to send along a nice "trophy" of an advertisement.) Speaking of which, Barntech (or anyone), do you know which fan would be better for a 4 board setup?Scythe Gentle Typhoon Fan (120mmX120mm) - 850, 1450 or 1850 rpm??? I'll be going with the Cooler Master V450S 450w power supply. Incredible efficiency for the lower watt range. GO DRILLBIT!!!Thanks, IAS Yeah, that's the spirit. Nice one IAS. I think prime position right on your shelf is just the spot for it! ... How's your girlfriend doing? She gonna be OK?  As for which fan to get, i'm not really sure. Part of me wants to say get the fastest, biggest, best 1850 all the way baby, but maybe that's overkill, i don't know. Is noise an issue? Its a bit louder, but not that much. It'll certainly be quieter than the standup room fan i have cooling my GPUs (yes they're still running, i know its stupid and they cost much more to run than they make, but i just can't bring myself to turn them off! ... I guess i will once the Drillbits are in! ). I'm sure a medium one would do just fine, but hey its only a couple bucks and a couple dbs! And nice PSU choice. You could probably get away with a cheaper one, but that one looks nice. BT I will really be proud of showing off my Drillbit to company (no pun) The girlfriend is actually pretty accepting of my erupters with a turbo fan on them (again no pun). This PS and Typhoon fans are both quieter! I can get that PS for around 70 Euro and yeah I can save a few bucks, maybe 10-20 by getting a cheaper and noisier one. But the savings from the woman not complaining (both health and immediate)... PRICELESS. The PS and some others in the same price range have a VERY TIGHT voltage regulation and very low voltage ripple. I'm hoping that that helps with overclocking by not having as many errors due to spurious voltage. That is my theory anyway. Here is a review of the 550w model of the PS. Basically the same as the 450w I imagine. http://www.techpowerup.com/reviews/CoolerMaster/V550S/It is truly the best at lower voltages, in the platinum range. For the money it is exceptional. Regarding the Typhoon fans. The Db for the 1850 is 28, as is the PS at a lower draw. They won't be noticed much. There are much faster and noisier ones. I think the 1450 would work as well but I'll probably get the 1850 as it is pretty damn quiet anyway. They are designed for this too. (Do the CFM mean anything to you regarding cooling or?)  Here is the review on the fans. Really worth reading. http://forums.bit-tech.net/showthread.php?t=212924Good job Barntech, keep on keeping on, IAS |
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1407
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Bitcoin / Group buys / Re: [OPEN] - GROUP BUY of BITFURY Chips + DRILLBIT SYSTEM mining assembly
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on: October 02, 2013, 02:07:06 PM
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Please, not the dreaded "two weeks" again... Bahahaha. Yeah, let's just say "soon"... some weeks, in a bit, a jiffy, before you know it! Send out the good vibes people! Here are some good vibes for you: I'm going to order my powersupply, fans and such! And tell my girlfriend where my miner is going to be on our shelf! (Yes, where visitors can see it. So feel free to send along a nice "trophy" of an advertisement.) Speaking of which, Barntech (or anyone), do you know which fan would be better for a 4 board setup?Scythe Gentle Typhoon Fan (120mmX120mm) - 850, 1450 or 1850 rpm??? I'll be going with the Cooler Master V450S 450w power supply. Incredible efficiency for the lower watt range. GO DRILLBIT!!!Thanks, IAS |
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1408
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 02, 2013, 11:59:41 AM
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We will contact you per email as soon as your order is ready with the details for pickup.
Starting the production lines did not go as smoothly as they did expect.
meeeh, I don't think that they will start shipping todat.( It doesn't look like they will ship this week at all. AFAIK they are still working on debugging (+25% hardware error, right?), webinterface, etc. - as soon as they have gone through these processes they should implement everything on hundreds (if not thousands) of machines, pack them up, etc. People in here daydream and think that you can take the very first version of a bleeding edge piece of hardware directly from the production line, pack it up and send it up to thousands of customers in just one day, without any kind of testing/debugging. Wishful thinking and day dreaming all over this forum... I wonder if the debugging will be applied via firmware though. I doubt they can make hardware changes at this point. Maybe they ship and say a new firmware will arrive? Chancy... |
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1409
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Bitcoin / Group buys / Re: [OPEN] - GROUP BUY of BITFURY Chips + DRILLBIT SYSTEM mining assembly
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on: October 02, 2013, 10:55:38 AM
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I sent an email to Megabigpower and they replied quite quickly actually (Yvonne Paull) and she said:
"We expect to begin shipping reels near the end of next week. You will receive an email when your order is ready to ship."
So, thanks for the quick reply Megabigower. I hope our reel is included in that. (The end of next week is around Oct 10/11th).
IAS
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1411
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 01, 2013, 01:11:41 PM
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April 08 to Sep 30 is 4 months? Right. It's 5.75 months ... anyone got their September delivery yet? If it wasn't cgminer, I'd wonder about the hash rate being correct ... ... except ... the driver can get it wrong easily enough. They should have displayed 2^32 * A / Elapsed after about an hour ... hopefully they do run for an hour  ... ... unless they don't know how cgminer works ... oh right they only wrote a 1 or 2k line driver, they probably didn't know about the rest of the other 40k+ lines of code in there ... I doubt they would provide official numbers on a product they're going to release which would then be heavily scrutinized against said numbers, without verifying their data so they don't end up with a foot in their mouth. No idea, but we've seen a lot of this happen ... I guess we'll find out when someone finally gets one and reports the numbers. OK, so just to point out that they really don't understand what the numbers there on the screen mean ... It's hashing at 469GH/s Picture: (click to see bigger)  Firstly the screen says: 497.0GH/s (the number on the right is what the driver produces) Calculation:Start = 00:06:40 Share that just happened says: 00:28:46 Elapsed = 22:06 = 1326 seconds Accepted + Rejected = 144587 + 260 = 144847 1diff shares Hash rate = 2^32 * 1diff / Elapsed = 2^32 * 144847 / 1326 = 469,165,254,844 or 469GH/s So yeah they really should learn what the numbers mean ... ... ... ... ... and I have assumed the Rejects are valid shares and included them in the hash rate ... though that's a guess, they may not be valid? Also note: HW: 28517 is an awesome ... 28517 / (28517 + 144587 + 260) = 28517/173364 = 16.46% ... Edit: lastly that WU: number there at the top of 8001.3 means 8001.3 * 2^32 / 60 = 572,755,363,758 So they are losing >100GH/s of work vs the replies they are getting back from the device ... Thanks for sharing that. I've said this phrase too often, but "Excuse my ignorance", shouldn't CGMiner display the actual mining rate without having to do calculations? When I look at my erupters mining, it is displaying 333MHash/s each, plain as day. Why not here? Thanks Kano, IAS |
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1412
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Bitcoin / Mining speculation / Re: BFL - How about upping the Ghash/s on units to compensate for delays?
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on: October 01, 2013, 09:38:51 AM
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Yep, the days of a company coming out with a really profitable unit are probably numbered. Barring a newer tech that gets us something extreme, it probably isn't going to happen (and if so, many if not most companies would mine them first.) At this point what KNC Miner did is pretty nice, hats off to them. They did more than customers expected. Perhaps communication can be a bit better and it is sad to say that all of the manufacturers are in the same boat there.
But what BFL did and is doing set the standard for F'ing customers over and on so many levels at that.
Go through and read that BFL thread link. Look at how Josh tried to defend himself (pretty badly I might add) and how customers, using his own quotes shot him down pretty nicely.
At a very basic level, how do you accept so many orders that after a year you can't even fulfill? That is criminal and will probably be treated as such.
It is just sick to see what BFL did. Seeing guys waiting months on end for orders in the 10's of thousands of dollars (and just for Jalapeno's as well). No real apology, just "We're a hardware company."
If Intel or other "hardware companies" did what BFL did and is doing, they'd be shut down and paying all they earned in lawsuits... Well, the year isn't over yet.
Oh, and hats off to Yifu and Avalon - hope you guys get every bit of profit taken from you in lawsuits as well for what you did to thousands of people.
Where ever there is money to be made, criminals will about but with that said, let's not lose sight of what BTC can and will be. That is the much bigger picture.
IAS
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1413
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 01, 2013, 09:29:14 AM
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500GH but 20% of hardware errors. It's better to lower to original 400GH and have more efficiency at 1% HW errors.
Guys, the units were just turned on and not tuned yet. 20% errors is unacceptable and they know that. But the units have to be tuned first. They are not shipping units with 20% errors. |
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1414
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 01, 2013, 07:44:29 AM
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I will be really pissed if my order gets sent tomorrow instead of today. Germany has a holiday on Thursday, so Express shipping costs would have been wasted and I would have to wait a day longer when everyone is happily hashing away...  They are testing and tuning the units. They just got the chips apparently. I don't think they will ship for at least a few more days, maybe a week. |
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1415
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: October 01, 2013, 07:18:35 AM
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Heat is cost also, please read my post.
I read your post it is nonsense. The fan on a power supply even at 100% in inaudible over the over all the other system cooling fans (like on a Jupiter means 6 140mm fans). Having run a 48 GPU farm for 18 months I can say from experience it is a non issue. The efficiency curve is essentially flat for modern PSU from 20% to 100% load. If an 850W unit is 95% load (your numbers) that means the load is 807W. 70% load would require a >1150W PSU. Where is there an 1150W PSU from equal or better brand for $30 more? It doesn't exist. Under what conditions would that save $120 annually? It also doesn't exist. You underestimate the cost of a larger PSU and overstate the benefits. Even if you add in the cooling costs and assume low efficiency AC 100% of the year you still don't get $120 in saved energy from going with a larger PSU. So your $30 increased cost is nonsense and your $120 annual savings are also nonsense. So one last time your post is nonsense. Sure one "could" spend $100 more for a 1200W Platinum PSU and it would marginally reduce their operating costs. However the increased up front cost and the small gain would make the break even point something like 3 to 5 years. Nothing wrong with doing that but it doesn't mean that going with a smaller gold PSU is a bad idea either. What an elegant smack down. Congratulations and thanks for sharing something that many people are not yet aware of (due to old beliefs). These new power supplies are indeed pretty flat from 20%-100% load. And upgrading costs way more than it saves (and in addition you are essentially wasting energy in that process anyway). Lastly, I've been looking into PS that do well at lower than 20% as I only have 100W or so to power. The Super Flower Golden Green 400 is near the top, especially in that it is cheaper than the next two. And a new PS Coolermaster, the V550S is even better, hitting 88% at 40-45w, 91% at 60-66w and 92% at 80-87w. The new Corsair RM450 is another nice one. Hope that helped someone. Congrats to KNC Miner. Hopefully they get things going this week. |
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1416
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: September 30, 2013, 09:20:13 PM
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What is this 1% thing? Emilia Cole told me in the afternoon, face to face, that the chips were already hashing above 400 GH/s (she even gave another value that I was told not to relay so I won't). Didn't even talk very much. Very straightforward! That contradicts the recent statement made by the person that Bitcoinorama interviewed, where it is indicated the chip is not working as expected. There is no evidence the chips are hashing at any speed. It is becoming obvious that KnCminer is still testing the chip with the PCB. At this point it is quite difficult to trust that "the chips were already hashing above 400 GH/s" when the person responsible for the tests stated that "below 1% of the die is working". Augusto you promised them an apology. Now man up dude! +1000 +10000 Infinity |
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1418
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: September 30, 2013, 09:18:16 PM
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What is this 1% thing? Emilia Cole told me in the afternoon, face to face, that the chips were already hashing above 400 GH/s (she even gave another value that I was told not to relay so I won't). Didn't even talk very much. Very straightforward! That contradicts the recent statement made by the person that Bitcoinorama interviewed, where it is indicated the chip is not working as expected. There is no evidence the chips are hashing at any speed. It is becoming obvious that KnCminer is still testing the chip with the PCB. At this point it is quite difficult to trust that "the chips were already hashing above 400 GH/s" when the person responsible for the tests stated that "below 1% of the die is working". Augusto you promised them an apology. Now man up dude! +1000 |
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1420
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com
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on: September 30, 2013, 08:49:02 PM
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just a reminder,
50BTC and BTCguild are both under DDOS attack.
I was checking why my miner doesn't work. I though it was the hardware. Now it seems that it is the pools that are not able to respond.
Sit tight and wait.
use p2pool - that's better Slush 50BTC BTC Guild GHash.io All DDoS'd at the same time. Someone is really anxious to get his ROI. I noticed Slush down before. Interesting. Cheap way to increase your hash power (if you don't get caught)... |
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