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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011564 times)
ilovethebtc
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September 27, 2013, 09:13:14 PM
 #11301

Don't want to be a downer, but I am thinking KNC is gonna flop hard just like terrahash.
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September 27, 2013, 09:15:53 PM
 #11302

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

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
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September 27, 2013, 09:17:25 PM
 #11303

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
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September 27, 2013, 09:18:18 PM
 #11304

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.
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September 27, 2013, 09:18:49 PM
 #11305

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.

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September 27, 2013, 09:19:06 PM
 #11306

...
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
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September 27, 2013, 09:19:33 PM
 #11307

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
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September 27, 2013, 09:21:12 PM
 #11308

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.


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rizzman
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September 27, 2013, 09:25:39 PM
 #11309

...
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
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September 27, 2013, 09:27:43 PM
 #11310

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
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September 27, 2013, 09:28:40 PM
 #11311

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
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September 27, 2013, 09:29:28 PM
 #11312

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.
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September 27, 2013, 09:29:49 PM
 #11313

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?

sha256 alts of course....scrypt or scrypt-jane NO

rizzman
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September 27, 2013, 09:31:35 PM
 #11314

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?

...And... you need to read more.

The machine mines based on SHA256 algorithms, so yes..... It can mine alt-coins as long as they utilize the SHA256 algorithm.
ilovethebtc
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September 27, 2013, 09:32:36 PM
 #11315


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

Yeah well a Nigerian prince promised me half of a massive inheritance if I gave him my bank account info and social security number.
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September 27, 2013, 09:35:52 PM
 #11316

yes but the nigerian prince didnt go through great lengths to make and scrap an fpga prototype, a webstore, a forum, have an open day to preview their premesis, nor create a chinese announcement about their new device that is supposed to debut in 48 hours.

By the way it was me...I'm not nigerian.....and you'd be suprised that I really used it to blackmail ppl and not necessarily scam them.

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September 27, 2013, 09:36:19 PM
 #11317

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(KnCMiner)?
Somewhere I had read that impossible.
KnCMiners designed only for bitcoin mining.
No?

sha256 alts of course....scrypt or scrypt-jane NO

I ask about it KnCMiner by email 1 day ago with no answer.
It would be great if they do that.
The Avenger
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September 27, 2013, 09:48:06 PM
 #11318

I'm curious how long it takes until -Redacted- or TheAvenger jump on you..
I'm not bothered. Some of my posts early today were to head off the 20 or 30 pages of crap/FUD/BS speculation that we saw yesterday. We only had about 6 pages of new posts today, so I think it worked. Or else people wised up on their own to how pointless speculation is, which is fine too.

If Bitcoinorama delivers what he said the other day:
If there's something worth videoing i'll do my best to insist they allow that, as nothing puts minds at rest more. Whatever happens warts and all, i'll be honest with my account, but this time round there should be a lot more to actually show in moving images than written word.

then Saturday or Sunday we should know for sure if KNC have delays or whether things are really going to plan, albeit a few days late.

I'm sure that is what anyone who reads this thread really wants to know.

"I am not The Avenger"
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The Avenger
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September 27, 2013, 09:55:08 PM
 #11319

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?

...And... you need to read more.

The machine mines based on SHA256 algorithms, so yes..... It can mine alt-coins as long as they utilize the SHA256 algorithm.

He's referring to this post on the KNC forum, where it seems Johan from Orsoc told him in an email it's not possible. I assume it's a mistake/misunderstanding, but this is what he's referring to:
http://forum.kncminer.com/forum/resellers-affilicates/general-questions/1175-on-which-coin-will-you-use-your-miner-btc-ppc-frc-trc-zet-bte?p=3621#post3621

"I am not The Avenger"
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September 27, 2013, 10:15:37 PM
 #11320

I'm sorry guys & gals, but this time Xallia & Crumbs are right.
When I ordered, It was for September DELIVERY, not September shipping.

True. So it looks like you will get your order one, two or three days late.

BUT, when you ordered 400 GH/s was the name of the game. Now we are talking 500 GH/s (maybe even more), so absolutely no reason to whine imo.
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