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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011817 times)
btceic
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September 30, 2013, 10:29:08 AM
 #11801

I'm going to repeat this here before it get's lost.

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EDIT; oh and as for the 'active but not posting' b*llocks. I'm in another country, which I have paid myself to come to. I'm not paying for data roaming on my sodding mobile so you can have you hands held on my minute by minute activity. You're relentless, and for the most part freaking me out. What little internet I have had has either been checked on free wifi, or here, I'm now paired to one of their mobiles, which involves standing outside. Which involves security clearance. Seriously when you think about it, it's bleeding obvious.

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sbfree
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September 30, 2013, 10:30:47 AM
 #11802

"We have begun testing and initial results are good"

For some reason I don't feel much enthusiasm in their statement. I mean, it should mean good news, but still, some lack of enthusiasm. Waiting for figures though...

DID YOU CANCEL YOUR ORDER AND ARE NOW HATING ON THE REST OF US WHEN YOU SHOULD BE HATING ON YOURSELF?Huh

KNC....ALIVE AND KICKING
Mota
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September 30, 2013, 10:31:03 AM
 #11803

Maybe you don't get it? You seem fixed on your point.

yeah, because Ive been debating (and predicting)  this since before the first asic was even announced, I think Ive heard all angles.

Quote
If the chips are very cheap to produce (and they are) and the development is expensive (and it is), then it doesn't cost the manufacturers much more to put out more chips, which might be what KNC Miner is planning on doing.

Sure, they can (and will) lower prices per unit, but not to the point of obvious profitability without dramatically increasing demand. So either they must leave most of that demand unfulfilled or the increased supply will render the profitability moot again.

Its quite simple, there is too much demand for unprofitable mining gear. The only thing you can do about that, is not buy any.


I think that is only half of it. Future miners as well as those of today make their calculations based on the current Btc/usd ratio, maybe a bit less. My calculations and decision to buy a Jupiter were always based on the amount of bitcoins I could have bought with the same amount.
I expected to get around 86-90 btc out of a Jupiter, so I - as many other - thought the price was fair. I still think it is, but I don't think lowering the price to clear profitability will influence the decision of many people to buy more.
It was the same with GPU's back then. I decided not to buy High end GPU's because I thought they were overpriced and ROI was at 2 months or more. I bought btc instead and got a nice bonus out of it.
Despite what many think, btc miners are the minority of bitcoin holders/users now. Most people trade with them and as long as the mining unit is not a plug and play unit only the minority with linux knowledge and motivation will buy them, even if a high end unit "only" costs 2,5k instead of 7k. With the words of my partner: "What? I thought you plug it in and it generates Bitcoins! That is to difficult to understand, show it to me when it runs."

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sbfree
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September 30, 2013, 10:34:47 AM
 #11804

I can understand why KNC staff is happy about being able to deliver (unlimited amount) of stuff that brought them a nice amount of money. Failing to understand why people here are happy for being confirmed to receive a product that will no longer give a positive ROI, while being unable to cancel their orders.

this.

they will be late for a week or two at best, and people here are celebrating.


So knowing that bitcoinorama was going to personally pickup his unit or units, they told him to come this weekend so he can spend a whole week or 2 in Sweden getting to know the swedish girls and beer while his unit is shipped BUILT??

UNLIKELY!!
sbfree
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September 30, 2013, 10:37:16 AM
 #11805

here is how we can still win the bitbet  - Take out your jupiter at the airport or even there on site at knc...have it hashing with a cpu monitor and a screenshot of your worker dashboard that shows your a different address/pool I think we only need 5 confirmed units hashing and even if they are at the stockholm airport on the way back home...it would count wouldnt it?  Needs 5 different local pickups to be able to do this...but thats a huge if and only if they get units up and hashing today!!!!!!!

Am I the only one checking each IP that reported a found block to see if it's a Swedish IP? Keep an eye there, tests are on-going as we speak Smiley

GREAT, btcguild is on the defense against DDOS AND CURRENTLY MY MINERS ARE DOWN......75 miles away and no remote access on my end....i hate the unexpected sometimes....and i hate being ill prepared even worse....my own doing dam
demonmaestro
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Mining for the hell of it.


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September 30, 2013, 10:38:36 AM
 #11806

they been under ddos since about 11:30 pm (gmt-6) so about 6 hours as of right now.

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sbfree
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September 30, 2013, 10:39:02 AM
 #11807

It is going to take JUST ONE company to release a profitable (clearly) miner to upend the whole market. And that, will be messy but much needed.

It cant happen. If Hashfast/cointerra/whomever slash their prices to the point where its "clearly profitable", all that will result in is more orders than they could possibly deliver. Or if they somehow could deliver, even at those prices it would turn out to be no longer profitable because difficulty would shoot through the roof.

Anything can happen. It takes one company that can meet demand or at least put out enough to make things fair. Obviously if you are selling money printing machines you are going to need to set limits.
To get the network more secure, it would be nice to allow more people access, instead of just selling to big pocketed people.

Anything is possible, just need to have an open mind...

YES, so go buy some USB ERUPTERS ON EBAY for about $20 bucks each....
arlekyn13
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September 30, 2013, 10:42:25 AM
 #11808

"We have begun testing and initial results are good"

For some reason I don't feel much enthusiasm in their statement. I mean, it should mean good news, but still, some lack of enthusiasm. Waiting for figures though...

DID YOU CANCEL YOUR ORDER AND ARE NOW HATING ON THE REST OF US WHEN YOU SHOULD BE HATING ON YOURSELF?Huh

KNC....ALIVE AND KICKING

No

1CmrswU7JYpi9WNC8EHWCV3aam1FJsW2Zu - to show appreciation for my work
sbfree
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September 30, 2013, 10:44:06 AM
 #11809

Mark, at this point, unless that picture of Sam with Chip is fake, we could at least begin to give them "SOME" benefit of doubt?? Yes, time is not perfect, some bitbets will be lost.....but when compared to what has transpired at other ASIC MANUFACTURERS, KNC SHOULD DEF. HOLD THEIR CHINS UP....YES MY RIG IS NOT HERE WITH ME YET....BUT IT IS LOOKING A HELL OF LOT BETTER

No one sane thought this was all fake, but at the same time, we've not seen much more from KnC than we did from BFL when they posted pictures like this:



Remember that one?

From there to a working shipping product may be a small step or a giant 6+ month leap, we just dont know yet.

Geez if I had ordered from BFL AND SAW THAT PIC OF AN EMPLOYEE THAT'S BEEN TAXIDERMIED I WOULD HAVE ASKED FOR REFUND IN PERSON...LOL

LULZ,
Puppet
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September 30, 2013, 10:44:29 AM
 #11810

I decided not to buy High end GPU's because I thought they were overpriced and ROI was at 2 months or more. I bought btc instead and

Thats why I leave btc conversion rate out of it, as should anyone.
If you buy a miner for 10BTC now because you are betting 8BTC will be worth more next year, well, what can I say. Send me the 10BTC, and I will instantly give you your "future profit" by sending 8 back. Heck, I will even send 9. Pretty sure that will beat most asics Smiley
sbfree
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September 30, 2013, 10:47:56 AM
 #11811

they been under ddos since about 11:30 pm (gmt-6) so about 6 hours as of right now.

wish DDOS was more like JUDO, where u take your enemy's energy and re-direct it back to themselves.....
Mota
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September 30, 2013, 10:53:06 AM
 #11812

I decided not to buy High end GPU's because I thought they were overpriced and ROI was at 2 months or more. I bought btc instead and

Thats why I leave btc conversion rate out of it, as should anyone.
If you buy a miner for 10BTC now because you are betting 8BTC will be worth more next year, well, what can I say. Send me the 10BTC, and I will instantly give you your "future profit" by sending 8 back. Heck, I will even send 9. Pretty sure that will beat most asics Smiley
Yes. IF you buy your miner in BTC. Buy it in Euro/Dollar and you have to compare.

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plasmoske
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September 30, 2013, 10:58:48 AM
 #11813

wish DDOS was more like JUDO, where u take your enemy's energy and re-direct it back to themselves.....

Hmm that would be Tai Chi.
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September 30, 2013, 11:12:46 AM
 #11814

Yes. IF you buy your miner in BTC. Buy it in Euro/Dollar and you have to compare.

Makes no difference, you can buy BTC with euro/dollar just as easily. If you cant, Ill gladly sell you bitcoins for 80% of marketprice.
yolo2424
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September 30, 2013, 11:13:24 AM
 #11815

Can someone please tell me which psu of https://www.bitcoinstore.com/power-equipment/power-supplies.html


Would be the best for a KNC saturn miner?

Cheers Smiley
crumbs
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September 30, 2013, 11:14:27 AM
 #11816

Quote
...

Remember that one?

From there to a working shipping product may be a small step or a giant 6+ month leap, we just dont know yet.

Geez if I had ordered from BFL AND SAW THAT PIC OF AN EMPLOYEE THAT'S BEEN TAXIDERMIED I WOULD HAVE ASKED FOR REFUND IN PERSON...LOL

LULZ,

Dude, you are reading the pic all wrong.  This is the look of someone who just jammed a flathead screwdriver right through your sternum, and now saying "Yeah, fu*ker, it's like that."
carlotech
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September 30, 2013, 11:16:17 AM
 #11817


All,

We have one more photo for you. As you can see this is the controller board with the BeagleBone. You may notice the quote on the board in the top right hand corner "The whole world only one block apart"

We would especially like to thank D.Wolk for this quote and we think with bitcoin having such a global scope it’s very appropriate.

 

 

ASIC Controller board

 



BTC: 152uFGxTKLqFFBcogXgtFUanv1jaTB18ox    LTC:  LQ5zGYpNgXZ9CHbavbX7FC9HSRzv8ZQdUC

https://www.kncminer.com/?resellerid=127
mruiter
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September 30, 2013, 11:18:20 AM
 #11818

old news.

I wan't youtube movie with Jupi hashing and Bitcoindrama at the back smiling as proof Wink

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September 30, 2013, 11:32:21 AM
 #11819

Can someone please tell me which psu of https://www.bitcoinstore.com/power-equipment/power-supplies.html

Would be the best for a KNC saturn miner?

Cheers Smiley

I have the following one and really like it. It will be more than enough for Saturn.
https://www.bitcoinstore.com/corsair-cx750-atx-power-supply.html

This will also work, but it's more expensive (I don't see any immediate benefit having a TX model over CX)
https://www.bitcoinstore.com/corsair-enthusiast-tx650-v2-atx12v-eps12v-power-supply.html

Also, read on PSU recommendations here:
https://www.kncminer.com/news/news-31

#101Life
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“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.”
BigBitz
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September 30, 2013, 11:43:59 AM
 #11820

That is a seriously shit quote for an ASIC Bitcoin Miner  Huh

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