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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007552 times)
sickpig
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September 24, 2013, 05:55:31 AM
 #10421

I really hate to do it, but I've decided to put my Day 1 hosted Jupiter up for auction. https://bitcointalk.org/index.php?topic=300601

I'm only posting it here as I've seen a few of you ask about day 1 orders.

Why? Lack of confidence or something else?

To be completely honest, with today's tanking of share price on BTCT I'm willing to sell my pre-order and use the funds to invest in stocks.  If it doesn't sell I'll just mine with it, but I figured I'd give it a shot.

Sorry for being slow but to my knowledge btct is closing down? Pardon me if I miss something obvious but English is not my native language

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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dhenson
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September 24, 2013, 05:57:40 AM
 #10422

Sorry for being slow but to my knowledge btct is closing down? Pardon me if I miss something obvious but English is not my native language

Yup.

All assets have to migrate to direct or to another exchange.
sickpig
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September 24, 2013, 06:03:26 AM
 #10423

Sorry for being slow but to my knowledge btct is closing down? Pardon me if I miss something obvious but English is not my native language

Yup.

All assets have to migrate to direct or to another exchange.

So you're forecasting a flow of money exiting from btct and then an increase in btc/usd ratio. Am i right?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
dhenson
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September 24, 2013, 06:05:22 AM
 #10424

Sorry for being slow but to my knowledge btct is closing down? Pardon me if I miss something obvious but English is not my native language

Yup.

All assets have to migrate to direct or to another exchange.

So you're forecasting a flow of money exiting from btct and then an increase in btc/usd ratio. Am i right?

Basically across the board the share prices dropped, not because of any fundamental change with the underlying asset, but rather because people were willing to sell for a loss to take their btc off of the exchange.  In other words, share prices are at a discount right now. 

Now that coinbase.com has a 10btc/day limit on instant transactions I'm unable to quickly move fiat into bitcoin, thus the auction.
sickpig
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September 24, 2013, 06:10:02 AM
 #10425

Sorry for being slow but to my knowledge btct is closing down? Pardon me if I miss something obvious but English is not my native language

Yup.

All assets have to migrate to direct or to another exchange.

So you're forecasting a flow of money exiting from btct and then an increase in btc/usd ratio. Am i right?

Basically across the board the share prices dropped, not because of any fundamental change with the underlying asset, but rather because people were willing to sell for a loss to take their btc off of the exchange.  In other words, share prices are at a discount right now.  

Now that coinbase.com has a 10btc/day limit on instant transactions I'm unable to quickly move fiat into bitcoin, thus the auction.

Thanks for being so kind to provide a detailed explanation. Now it's crystal clear.
What a pity that coinbase enforce such a ridiculously low transfer limit

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
600watt
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September 24, 2013, 07:34:42 AM
 #10426

Sorry for being slow but to my knowledge btct is closing down? Pardon me if I miss something obvious but English is not my native language

Yup.

All assets have to migrate to direct or to another exchange.

So you're forecasting a flow of money exiting from btct and then an increase in btc/usd ratio. Am i right?

Basically across the board the share prices dropped, not because of any fundamental change with the underlying asset, but rather because people were willing to sell for a loss to take their btc off of the exchange.  In other words, share prices are at a discount right now.  

Now that coinbase.com has a 10btc/day limit on instant transactions I'm unable to quickly move fiat into bitcoin, thus the auction.

Thanks for being so kind to provide a detailed explanation. Now it's crystal clear.
What a pity that coinbase enforce such a ridiculously low transfer limit

gox taking forever to cash out, coinabase with a limit of 10 (!) btc a day...
what are those exchanges doing to us ?
erk
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September 24, 2013, 07:41:40 AM
 #10427



gox taking forever to cash out, coinabase with a limit of 10 (!) btc a day...
what are those exchanges doing to us ?
There are  not shortages of exchanges. If necessary, convert your BTC to some other fiat, then convert that to USD using a traditional forex dealer.

Nemo1024
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September 24, 2013, 07:58:44 AM
 #10428



gox taking forever to cash out, coinabase with a limit of 10 (!) btc a day...
what are those exchanges doing to us ?
There are  not shortages of exchanges. If necessary, convert your BTC to some other fiat, then convert that to USD using a traditional forex dealer.



Transfer BTC to Bitstamp, cash out there.

#101Life
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
Ytterbium
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September 24, 2013, 09:05:44 AM
 #10429

Basically across the board the share prices dropped, not because of any fundamental change with the underlying asset, but rather because people were willing to sell for a loss to take their btc off of the exchange.  In other words, share prices are at a discount right now. 

Now that coinbase.com has a 10btc/day limit on instant transactions I'm unable to quickly move fiat into bitcoin, thus the auction.

Why not just auction off some cash?

demonmaestro
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Mining for the hell of it.


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September 24, 2013, 09:34:36 AM
 #10430



500 pages of complete BS and the rest is some good info...

A fun ShoutBox. http://shoutscloud.com | Feel Like Donating? 1E1tJhAHVLCyw58pN7jXSFMLMrK6cDhw8v
Buy/Sell BitCoin & LiteCoin  Click here! | Looking for a great exchange? CoinBase Has you covered.
The Avenger
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September 24, 2013, 10:45:35 AM
 #10431

500 pages of complete BS and the rest is some good info...
Yeah, it's up to about 40 pages of BS per week now.

I'd guesstimate 26th Sept > 3rd October - 70 pages of BS?


"I am not The Avenger"
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sbfree
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September 24, 2013, 10:57:12 AM
 #10432

come on KNC, your cake is waiting....
The Avenger
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September 24, 2013, 11:01:47 AM
 #10433

Sam is so confident on shipping on time, he's started spending the profits already:


"I am not The Avenger"
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Xialla
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September 24, 2013, 11:06:58 AM
 #10434

just received mail from KNC:

Dear Daniel,

Your order is expected to ship towards the end of September.

Once the order is shipped you will receive the tracking number.

Please do not hesitate to contact us if you have further questions.

Med vänlig hälsning | Best regards
Anna Jagdhar
Kncminer
www.kncminer.com
Office: +46 8559 253 20


it means, that they are still on track, so peace in mind for next ~24 hours.)


The Avenger
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September 24, 2013, 11:17:11 AM
 #10435

They told you on the 24th September:

Your order is expected to ship towards the end of September.

And that reassures you?


"I am not The Avenger"
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Xialla
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September 24, 2013, 11:25:26 AM
 #10436

And that reassures you?

honestly, in this phase I can't imagine the answer, which will reassures me more.) but as I mentioned previously in this thread, is hard to believe, that they are able to assemble, test, package and ship hundreds of boxes within few days.

I stand with my pre order couple of months, so last few days are like nothing.)
Rampion
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September 24, 2013, 11:33:57 AM
 #10437

And that reassures you?

honestly, in this phase I can't imagine the answer, which will reassures me more.) but as I mentioned previously in this thread, is hard to believe, that they are able to assemble, test, package and ship hundreds of boxes within few days.

I stand with my pre order couple of months, so last few days are like nothing.)

I can tell you which answer will reassure you more: your order will be shipped on 2x September, and its expect to be delivered to you the day after.

alfabitcoin
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September 24, 2013, 11:54:18 AM
 #10438

Since beginning KNC were straight company. I can understand why they have started to take preorders. But why to take preorders to november delivery since that is also an risk for buyers and miner price is based on diff change prediction.
KNC was honest and was aware of it, they were aginst preorder model but it was needed to make the asic miners in the first place. Now when they made it why to continue to have preorders? Why just do not built x stock unit and sell them at x price with imidate shipping? Risk is again on their customers. I know that they can refund it at any time but why KNC has to have locked our money?
What has changed since several months ago? Nothing, preorder model are still in the full bloom!
androsyn
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September 24, 2013, 12:08:39 PM
 #10439

untill now knc
have delay
because no real photo of chips
and only a word that he will sent at end of will be ready

knc will be out of time for sure


Europe is neither USA nor China..but let's wait and see
KnC are opening to chinese market too
600watt
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September 24, 2013, 12:10:01 PM
 #10440

Since beginning KNC were straight company. I can understand why they have started to take preorders. But why to take preorders to november delivery since that is also an risk for buyers and miner price is based on diff change prediction.
KNC was honest and was aware of it, they were aginst preorder model but it was needed to make the asic miners in the first place. Now when they made it why to continue to have preorders? Why just do not built x stock unit and sell them at x price with imidate shipping? Risk is again on their customers. I know that they can refund it at any time but why KNC has to have locked our money?
What has changed since several months ago? Nothing, preorder model are still in the full bloom!

probably because of the competitors. if you had a company selling such devices and see the pre-order orgies happening with competition you may ask yourself: do i want to watch this millions going to the competition or do i want to make my product "available" now to get a share of the pie ?  
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