Swedish ASIC miner company kncminer.com

[coda]

http://www.youtube.com/watch?v=qEs0c-m2YNE

http://www.hi-z.com/products.php

http://www.greenoptimistic.com/2010/01/02/31-efficient-stirling-engines-used-to-convert-1-5mw-of-arizona-solar-power/#.UkXsbygiN34

[Micky25]

Many thanks @DeathAndTaxes (whose posts I always admire) for putting my thoughts in a million time more eloquent way and @crumbs for the nice and skillfull quoting  

... I can imagine a future in which the hardware that secures the network is warming our homes and our water, and I like it

Sadly this site is in German only (till now), but I think the concept is clear https://www.aoterra.de/
Maybe the "terra" in the name is unfortunate in this community right now..

[Phoenix1969]

I'm sorry guys & gals, but this time Xallia & Crumbs are right.

When I ordered, It was for September DELIVERY, not September shipping.

Call it what you will... Fact is...   Come Monday... If the miners are not delivered... The miners are late.

thanks. much appreciate this statement..

I think someone just withdrew from the fan club...

Easy there, I'm still a fan, but the truth is the truth. When I was placing orders, especially the first one(5x), they were still indeed advertising



I could spend hours digging up more, but no bother, I'm just a bit sad we are indeed behind now. Those of us who were in the first 890 preorder, were told we would get our machines in september, and were told several times they are on track for "september delivery", which has somehow turned into "Shipping in September"

[Xialla]

I could spend hours digging up more, but no bother, I'm just a bit sad we are indeed behind now. Those of us who were in the first 890 preorder, were told we would get our machines in september, and were told several times they are on track for "september delivery", which has somehow turned into "Shipping in September"

YEEEEEEES

[frankenmint]

turned off ignore on Xialla....and remembered why it was turned on.  I need to stop being a sucker for updates on this thread.

[Vedran Yoweri]

turned off ignore on Xialla....and remembered why it was turned on.  I need to stop being a sucker for updates on this thread.

Did a quick show/hide. Yep, don't mis that.
 

[btc_uzr]

(...)
I could spend hours digging up more, but no bother, I'm just a bit sad we are indeed behind now. Those of us who were in the first 890 preorder, were told we would get our machines in september, and were told several times they are on track for "september delivery", which has somehow turned into "Shipping in September"

I'm curious how long it takes until -Redacted- or TheAvenger jump on you..

(...)

instead of
"Can you Xialla and everyone else stop WHINING LIKE CHILDREN, we're all getting really sick of it."
you should yell
"KnC what the fuck is going on, you make me dealing with more and more ppl being pissed off, we're all getting really sick of it."

Whine, whine, whine, whine, whine, whine, ad nuseum...

now this shady 'no more refund' policy (because of mass refunds?),

Speculation. Speculation. Speculation.

(...)

You enjoy that speculation?

It doesn't mean anything.

instead of
"Can you Xialla and everyone else stop WHINING LIKE CHILDREN, we're all getting really sick of it."
you should yell
"KnC what the fuck is going on, you make me dealing with more and more ppl being pissed off, we're all getting really sick of it."

Most of the FUD comes from comparing KNC to other companies.

(...)

If KNC ship on or before 30th Sept, they have kept their big promise. No one knows if they will or not, so everything else is speculation.

As I said a page back, better to stick to the facts we have and wait for updates (from KNC directly, or from Bitcoinorama who says he is going to Sweden tomorrow and will report back with facts and pictures/videos).

[rizzman]

I know how you feel. ROI is looking very unlikely without deadline being missed. This just adds to that unlikelihood.

It's pie in the sky, but I have to imagine they know they absolutely must to pull this off. Its bad enough that they dumped the price by over 2K for what is now suppose to be just a month of lead time, but considering the lion share of KNC's money will in theory come from re-investors, they have to make sure they don't burn the initial investors. I'm not sure how they are going to do this but they are smart guys, they must know this has to happen to be long term solvent.

But then again, they have till Monday to show good on their promise, and we shall see by then if KNC can keep its promise, and by how much they intend to over-deliver.

[ilovethebtc]

Don't want to be a downer, but I am thinking KNC is gonna flop hard just like terrahash.

[btc_uzr]

Don't want to be a downer, but I am thinking KNC is gonna flop hard just like terrahash.

nah, they will make it, shipping starts very likely on Monday/Tuesday....you're either not up to date or trolling

I know how you feel. ROI is looking very unlikely without deadline being missed. This just adds to that unlikelihood.

It's pie in the sky, but I have to imagine they know they absolutely must to pull this off. Its bad enough that they dumped the price by over 2K for what is now suppose to be just a month of lead time, but considering the lion share of KNC's money will in theory come from re-investors, they have to make sure they don't burn the initial investors. I'm not sure how they are going to do this but they are smart guys, they must know this has to happen to be long term solvent.

But then again, they have till Monday to show good on their promise, and we shall see by then if KNC can keep its promise, and by how much they intend to over-deliver.

they collected quite some money,
devices are way overpriced,
they could send 2xamount of hashing power ordered and would still make profit

...but guess what...we're living in a capitalistic world,
I do not except anything as 'compensation' - but would much appreciate it for sure

[Xialla]

Don't want to be a downer, but I am thinking KNC is gonna flop hard just like terrahash.

I don't think so..in KNC it is not about "if" but about "when"

[ilovethebtc]

nah, they will make it, shipping starts very likely on Monday/Tuesday....you're either not up to date or trolling

They don't even have a fully working product yet.

[frankenmint]

Don't want to be a downer, but I am thinking KNC is gonna flop hard just like terrahash.

nah, they will make it, shipping starts very likely on Monday/Tuesday....you're either not up to date or trolling

I know how you feel. ROI is looking very unlikely without deadline being missed. This just adds to that unlikelihood.

It's pie in the sky, but I have to imagine they know they absolutely must to pull this off. Its bad enough that they dumped the price by over 2K for what is now suppose to be just a month of lead time, but considering the lion share of KNC's money will in theory come from re-investors, they have to make sure they don't burn the initial investors. I'm not sure how they are going to do this but they are smart guys, they must know this has to happen to be long term solvent.

But then again, they have till Monday to show good on their promise, and we shall see by then if KNC can keep its promise, and by how much they intend to over-deliver.

they collected quite some money,
devices are way overpriced,
they could send 2xamount of hashing power ordered and would still make profit

...but guess what...we're living in a capitalistic world,
I do not except anything as 'compensation' - but would much appreciate it for sure

bet my bottom satoshi that their version of compensation is the 'substantial hashpower'

guys....we do need to relax...after Oct 14th, by all means grab your pitchforks.  Delivered in my eyes could also mean "I delivered to the world.....a 28 nm asic btc miner"  

did we lose our bitbets - sure we definitely did....but if we get units in week 1 october, its a major win in comparison to BFL or avalon post batch 1s.

[crumbs]

...
It's pie in the sky, but I have to imagine they know they absolutely must to pull this off. Its bad enough that they dumped the price by over 2K for what is now suppose to be just a month of lead time, but considering the lion share of KNC's money will in theory come from re-investors, they have to make sure they don't burn the initial investors. I'm not sure how they are going to do this but they are smart guys, they must know this has to happen to be long term solvent.
...

Ohai.
BFL is getting *pre-orders*.
Imagine if they had product in stock?  Who would care about reputation?  You?

[rizzman]

Here's a question - has anyone done the math to see what the profitability will be in switching over to an alt-coin early? I know for a good while when the difficulty was approaching unprofitability for GPU's other miners were able to make more profit mining alts, then trading them for bitcoin than they were just mining bitcoin.

[Phoenix1969]

I just hope "Shipping in September" doesn't turn into an apology... I'm too deep in now to worry about profit. Now I just hope I can reach breakeven.

[rizzman]

...
It's pie in the sky, but I have to imagine they know they absolutely must to pull this off. Its bad enough that they dumped the price by over 2K for what is now suppose to be just a month of lead time, but considering the lion share of KNC's money will in theory come from re-investors, they have to make sure they don't burn the initial investors. I'm not sure how they are going to do this but they are smart guys, they must know this has to happen to be long term solvent.
...

Ohai.
BFL is getting *pre-orders*.
Imagine if they had product in stock?  Who would care about reputation?  You?

Actually,  Considering I too have been burned by BFL, you bet your ass reputation matters alot.... After waiting a year for my order (which still has not arrived), I don't care if they magically shat a quantum computer that could pump out 10PH at a cost of $2000, and was sitting in an amazon distribution hub waiting for someone to buy it next day prime... I wouldn't buy it. Burn me once, your done. simple as that. If I can't trust you to deliver at a premium, I definitely will not trust you at a discount.

[scrawler]

Here's a question - has anyone done the math to see what the profitability will be in switching over to an alt-coin early? I know for a good while when the difficulty was approaching unprofitability for GPU's other miners were able to make more profit mining alts, then trading them for bitcoin than they were just mining bitcoin.

Is it possible to use their devices for mining alternative coins?
Any proofs from manufacturer(KnCMiners)?
Somewhere I had read that impossible.
KnCMiners designed only for bitcoin mining.
No?

[frankenmint]

nah, they will make it, shipping starts very likely on Monday/Tuesday....you're either not up to date or trolling

They don't even have a fully working product yet.

God what a naysayer comment.  They have promised a country of over 1.351 Billion chinese folks a working demo live and hashing in less than 48 hours.  I think that by far trumps this teeny tiny infinitesimal bitcointalk thread.

just saying STFU puny single person lol

[rizzman]

Don't want to be a downer, but I am thinking KNC is gonna flop hard just like terrahash.

nah, they will make it, shipping starts very likely on Monday/Tuesday....you're either not up to date or trolling

I know how you feel. ROI is looking very unlikely without deadline being missed. This just adds to that unlikelihood.

It's pie in the sky, but I have to imagine they know they absolutely must to pull this off. Its bad enough that they dumped the price by over 2K for what is now suppose to be just a month of lead time, but considering the lion share of KNC's money will in theory come from re-investors, they have to make sure they don't burn the initial investors. I'm not sure how they are going to do this but they are smart guys, they must know this has to happen to be long term solvent.

But then again, they have till Monday to show good on their promise, and we shall see by then if KNC can keep its promise, and by how much they intend to over-deliver.

they collected quite some money,
devices are way overpriced,
they could send 2xamount of hashing power ordered and would still make profit

...but guess what...we're living in a capitalistic world,
I do not except anything as 'compensation' - but would much appreciate it for sure

bet my bottom satoshi that their version of compensation is the 'substantial hashpower'

guys....we do need to relax...after Oct 14th, by all means grab your pitchforks.  Delivered in my eyes could also mean "I delivered to the world.....a 28 nm asic btc miner"  

did we lose our bitbets - sure we definitely did....but if we get units in week 1 october, its a major win in comparison to BFL or avalon post batch 1s.

I'm with you on that, no sense in losing ones shit when they still technically have 3 days to go.

I am hoping they do give us a massive boost to our processing power... really its the only logical solution at this point, especially if they are going to be late, its going to be almost mandatory in order to make the original investors whole.

Without doing this, delivery simply equates to being 1st place in a loser contest.