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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008235 times)
Vedran Yoweri
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September 25, 2013, 04:43:11 PM
 #10701

Has someone already asked for a refund at this late stage of developement?
Boom! Another one bites the dust.

Those who ask for a refund now at least get their investment back, those who don't will be most likely looking at a negative ROI. Gonna be interesting to watch. Tongue
Boom! Another one bites the dust.
1511145187
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Reply with quote  #2

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Miz4r
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September 25, 2013, 04:44:40 PM
 #10702

Has someone already asked for a refund at this late stage of developement?
Boom! Another one bites the dust.

Those who ask for a refund now at least get their investment back, those who don't will be most likely looking at a negative ROI. Gonna be interesting to watch. Tongue
Boom! Another one bites the dust.

Hope you don't mind if I quote this post again in a few months from now. Cheesy

Bitcoin = Gold on steroids
Xialla
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September 25, 2013, 04:52:14 PM
 #10703

Has someone already asked for a refund at this late stage of developement?

check auction/goods section..there are couple of guys, which are trying to sold their 1st day preorders and I'm pretty sure, that because we are 3 working days from promised deadline and KNC not revealed video of working unit, pressure is higher and higher and more and more guys asking for refund.)

KNC: if you want to improve your sales, video of working unit is much better than auctioning slots for adverts at 20.5BTC/annoying banner.
gateway
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September 25, 2013, 04:56:10 PM
 #10704

hmm.. ugg.. 113 million diff to 148 today..

If Jupiter can do 500Gh/s..
The expected generation output, at 500 Ghps, given current difficulty of 148819199.80509 , is 1.68968181173 BTC per day and 0.0704034088219 BTC per hour.

At 400 Gh/s
The expected generation output, at 400 Ghps, given current difficulty of 148819199.80509 , is 1.35174544938 BTC per day and 0.0563227270575 BTC per hour.

Meizirkki
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September 25, 2013, 04:56:22 PM
 #10705

Has someone already asked for a refund at this late stage of developement?
Boom! Another one bites the dust.

Those who ask for a refund now at least get their investment back, those who don't will be most likely looking at a negative ROI. Gonna be interesting to watch. Tongue
Boom! Another one bites the dust.
Refund = 100% ROI within days
Mining = 100% ROI in 4 - infinity months
Cheesy

Disclaimer: no horse in this race ... don't base your descisions on my posts yadda yadda yadda ...
frankenmint
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HoneybadgerOfMoney.com Weed4bitcoin.com


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September 25, 2013, 04:59:16 PM
 #10706

Has someone already asked for a refund at this late stage of developement?
Boom! Another one bites the dust.

Those who ask for a refund now at least get their investment back, those who don't will be most likely looking at a negative ROI. Gonna be interesting to watch. Tongue
Boom! Another one bites the dust.
Refund = 100% ROI within days
Mining = 100% ROI in 4 - infinity months


what econ class did you take?  that's not ROI that's simply getting your money, back, breaking even.  There is no ROI in term of BTC gained unless you are mining lower difficulty alts and selling them for a good price on the exchange.

itod
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September 25, 2013, 05:00:16 PM
 #10707

KNC: if you want to improve your sales, video of working unit is much better than auctioning slots for adverts at 20.5BTC/annoying banner.

Like they don't know that, if they would have a video of working unit you can bet it would be already posted. Even if they have a photo of a chip it would be a sensation. In the meantime, adverts will have to do to avoid panic.

EMPTY SIGNATURE SPACE
[Click here to make an offer]
Meizirkki
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September 25, 2013, 05:04:27 PM
 #10708

what econ class did you take?  that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.
rizzman
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September 25, 2013, 05:04:46 PM
 #10709

Why is hashfast able to provide the order chain and KnC is not willing to do so?
https://hashfast.com/order-chain/

Someone really bought 200 jets in one go?  How reliable is this information?

It was me.  It was I. 


What on earth is that?
Xialla
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September 25, 2013, 05:05:16 PM
 #10710

Breaking even means 100% ROI, no?

yes.
DeathAndTaxes
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September 25, 2013, 05:06:59 PM
 #10711

what econ class did you take?  that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.

Only in Bitcoin land.  For some reason some clueless people started incorrectly using it that way and it stuck.  For the entire rest of the planet ... in every other financial scenario ... no.

ROI is return ON investment.  breaking even is 0% ROI.  Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.

Meizirkki
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September 25, 2013, 05:08:34 PM
 #10712

what econ class did you take?  that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.

In Bitcoin land yes for some reason people started using it that way and it stuck.  For the entire rest of the planet ... no.

ROI is return ON investment.  breaking even is 0% ROI.  Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
wikipedia disagrees with you, sir.
Puppet
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September 25, 2013, 05:09:26 PM
 #10713

What on earth is that?

Horten Ho 229
(dont ask me why its posted there)
Xialla
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September 25, 2013, 05:11:21 PM
 #10714

breaking even is 0% ROI.

.)) joking, right?
ASIC-K
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Hell?


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September 25, 2013, 05:12:19 PM
 #10715

what econ class did you take?  that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.

In Bitcoin land yes for some reason people started using it that way and it stuck.  For the entire rest of the planet ... no.

ROI is return ON investment.  breaking even is 0% ROI.  Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
wikipedia disagrees with you, sir.

lol, you are using wikipedia. Thats your first problem.
DeathAndTaxes
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Gerald Davis


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September 25, 2013, 05:13:03 PM
 #10716

what econ class did you take?  that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.

In Bitcoin land yes for some reason people started using it that way and it stuck.  For the entire rest of the planet ... no.

ROI is return ON investment.  breaking even is 0% ROI.  Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
wikipedia disagrees with you, sir.

No it doesn't.  I mean if you are going to take the time to "correct" me, at least correct me correctly.

From YOUR cite

Quote
return on investment (%) = (Net profit / Investment) × 100
or
return on investment = gain from investment/ cost of investment[1]

GROSS REVENUE =/= PROFIT.

If you miner costs 100 BTC and you produce 100 BTC in GROSS REVENUE, then your profit would be 100 BTC - 100 BTC = 0 BTC.
ROI% = 0 BTC / 100 BTC
ROI% = 0%

If your miner costs 100 BTC and you produce 150 BTC in GROSS REVENUE, then your profit would be 150 BTC - 100 BTC = 50 BTC.
ROI% = 50 BTC / 100 BTC
ROI% = 50%.

If your miner costs 100 BTC and you produce 20 BTC in GROSS REVENUE.  Then your profit would be -80 BTC.
ROI% = -80 BTC / 100 BTC
ROI% = -80%.

Note to simplify I didn't include electrical costs.  Electrical cost should also be subtracted from gross revenue.

It is the same concept in stocks. If you bought shares of xyz mining corp for 1 BTC and you received 0.1 BTC in dividends and then later sold the shares at a loss for 0.8 BTC, your gain would be -0.1 BTC (0.8 sale price +0.1 dividend -1.0 purchase price).  A loss is a negative gain.  Your investment was 1 BTC and your gain -0.1 BTC.  Your ROI% = -0.1 / 1.0 = -10%.   You have a negative 10% return on your capital ("you lost 10%").

btc_uzr
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let's have some fun


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September 25, 2013, 05:16:15 PM
 #10717

FYI
http://www.investopedia.com/articles/basics/10/guide-to-calculating-roi.asp

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
DeathAndTaxes
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Gerald Davis


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September 25, 2013, 05:16:28 PM
 #10718

breaking even is 0% ROI.

.)) joking, right?

No.  It is a very basic financial concept.  Breaking even is no PROFIT.  REVENUE =/= PROFIT.   ROI% measures PROFIT. 
xyzzy099
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September 25, 2013, 05:17:40 PM
 #10719

what econ class did you take?  that's not ROI that's simply getting your money, back, breaking even.
Breaking even means 100% ROI, no? Enlighten me.

In Bitcoin land yes for some reason people started using it that way and it stuck.  For the entire rest of the planet ... no.

ROI is return ON investment.  breaking even is 0% ROI.  Losing money (like buying a 100 BTC rig which only produces 60 BTC before it goes into the trash heap) would be a negative ROI.
wikipedia disagrees with you, sir.

No it doesn't.  If net profit is negative, ROI is negative.

Quote
return on investment (%) = (Net profit / Investment) × 100

http://en.wikipedia.org/wiki/Return_on_Investment

Libertarians:  Diligently plotting to take over the world and leave you alone.
Puppet
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September 25, 2013, 05:20:05 PM
 #10720

No.  It is a very basic financial concept.  Breaking even is no PROFIT.  REVENUE =/= PROFIT.   ROI% measures PROFIT.

ah shoo, why did you have to tell them?
Now they will stop perordering all those "ROI" generating miners that will secure our network.
Smiley

Well, that is if they understand " =/= "

Cheesy
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