Swedish ASIC miner company kncminer.com

[Bargraphics]

I can't believe the network hash rate....I new it was going to explode...but more than double? 

I made a thread to help people predict this.  Said 6 to 8 PH/s by end of the year.   Honestly I think now it will be closer to 8 to 10 PH/s.  By mid 2014 we probably are looking at 15 PH/s+  if ASIC companies serious cut prices (say <$2 per GH/s delivery in 30 days or less) we could see more than 20 PH/s.   I don't think 30-40 PH/s by end of 2014 is that conservative.   Worst case scenario we way overshoot and end up 50-80 PH/s and new sales flatline for a while.

I hear it will be around 30PH by the end of February by some large players in the mining game. Personally I think it will only be around 15PH by then but then again we'll see.

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[paranoidx]

So my status has been updated from 'In Progress' to 'Shipped' (June 26th 27xx order).

I had set up my mining pool as eligius and put in my bitcoin address on the KNC site.  
I checked my eligius stats and nothing comes up.  So I'm wondering if it was even tested.
Was I supposed to put my bitcoin address under "Pool Worker"??

I have also not received any tracking information to my email.  How soon after you guys' status change to
shipped did you receive your tracking information??

[ImI]

I can't believe the network hash rate....I new it was going to explode...but more than double? 

I made a thread to help people predict this.  Said 6 to 8 PH/s by end of the year.   Honestly I think now it will be closer to 8 to 10 PH/s.  By mid 2014 we probably are looking at 15 PH/s+  if ASIC companies serious cut prices (say <$2 per GH/s delivery in 30 days or less) we could see more than 20 PH/s.   I don't think 30-40 PH/s by end of 2014 is that conservative.   Worst case scenario we way overshoot and end up 50-80 PH/s and new sales flatline for a while.

So you assume a remarkably slower monthly growth in the coming year?

Lets say end of 2013 = 10 Ph and June 2014 = 16 PH

That would lead to a monthly growth of 8% in the first half.

[demonmaestro]

This was from today (15th)

Well this is a sad day for sure.   I had high hopes that knc would deliver on time. However they have not.
I am not truly happy with this response as to all they said is they are shipping. BUT no true response to the question that was asked. Today is the 15th. They have less than 2 hours till its the 16th there.

Now questioning there true shipping date.

From: Customer Service [mailto:customerservice@kncminer.com]
Sent: Tuesday, October 15, 2013
To: myemail@email.com
Subject: RE: Send message // http://www.kncminer.com

Dear uncle bob,
 
Please accept our sincere apologies for delay.
 
We are working on production of miners as fast as possible and we are moving down the list based on payment date. Your miner should be produced shortly.
 
Once your miner is produced and shipped, you will receive an email with tracking number and estimated delivery date.
 
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
 
 
 
From: reviews@kncminer.com [mailto:reviews@kncminer.com]
Sent: 15 October 2013
To: reviews
Subject: Send message // http://www.kncminer.com
 
 
 
   KnCMiner Bitcoin mining
Username:
uncle bob

E-mail:
myemail@email.com

Message subject:
Send message

Text message:
I am courious as to if ya do plan on getting all orders out today. If not what is yaws plan for moving foward. My order is still just showing paid. Thanks, uncle bob
 
 

[DeathAndTaxes]

I can't believe the network hash rate....I new it was going to explode...but more than double? 

I made a thread to help people predict this.  Said 6 to 8 PH/s by end of the year.   Honestly I think now it will be closer to 8 to 10 PH/s.  By mid 2014 we probably are looking at 15 PH/s+  if ASIC companies serious cut prices (say <$2 per GH/s delivery in 30 days or less) we could see more than 20 PH/s.   I don't think 30-40 PH/s by end of 2014 is that conservative.   Worst case scenario we way overshoot and end up 50-80 PH/s and new sales flatline for a while.

So you assume a remarkably slower monthly growth in the coming year?

Lets say end of 2013 = 10 Ph and June 2014 = 16 PH

That would lead to a monthly growth of 8% in the first half.

Yes unless prices go significantly lower.   Trying running the math in a Bitcoin mining calculator (discount a Jupiter by 50% cost) starting at 10 PH/s.  It doesn't look pretty.  People have a pretty good ability to delude themselves that future actions won't happen but when the day 0 profitability sucks (i.e. if I buy this today and difficulty doesn't rise at all I won't break even in a year) it is pretty easy to not buy and wait it out.

The other thing to consider is that as we get close to 20 PH/s the market for less efficient gear ( Avalon, ASICMiner, BFL) is going to go down the toilet.   At 20 PH/s and $0.10 per kWh an Avalon rig for example will spend 100% of gross revenue in electricity.  So buy $1000 for a rig and then spend $100 in electricity to get $100 in Bitcoins.   Doesn't sound very attractive does it.

However as I indicated if delivery times shrink (say 30 day preorder) and prices SIGNIFCANTLY (not this 10% off but <$2 GH/s decline) we could see 20 PH/s+ by mid of the year.


Yeah I understand it is a pretty wide range.  I am not claiming to predict the future just pointing out in the near term anyone looking to deploy should consider a min of 10 PH/s by end of year and another 5 to 10 PH/s in the first half of next year.  If your "math" for making fortune uses more optimistic numbers you likely are going to get buried.

[faetos]

Yes its close to 1am right now...  BUT today was the day they claimed for months to have all orders shipped out by.  And not even a single word from them.  Not even an public apologize or an timeline update.  Witch is pretty shitty.

"All current paid orders will be shipped no later than October 15th." - https://www.kncminer.com/news/news-33

I'm surprised it's still there. Disappointed in them since I have jack f'ing squat and no idea when I'll ever get my shit.

[The Avenger]

Yes its close to 1am right now...  BUT today was the day they claimed for months to have all orders shipped out by.  And not even a single word from them.  Not even an public apologize or an timeline update.  Witch is pretty shitty.

"All current paid orders will be shipped no later than October 15th." - https://www.kncminer.com/news/news-33

I'm surprised it's still there. Disappointed in them since I have jack f'ing squat and no idea when I'll ever get my shit.

Yep.

[joeventura]

ORama and anyone else from KNC

No response to emails to customer support, info etc.

Why have they gone silent?

Because it's almost 1am in sweden?

Sent emails at 9am to 5pm their time

[joeventura]

oyeah...x2

Wish I had a tracking number

[sbfree]

looks like my unit is in Germany, and possibly in the air right now.....glad yes, excited, ehhh.....in less than a day the difficulty is about to skyrocket and those precious few days that I feel my unit is late is definitely going to hurt....luckily for me this whole BITCOIN project has been a write off and will still be helpful but I can imagine the pain for those who don't have that benefit and are still behind my order.

[the-skeptic]

Order #3523, July 10th - In Progress


Praying that In Progress changes to shipped in the next few days.

[sbfree]

Koeln, Germany    10/16/2013    12:31 A.M.   Arrival Scan

Louisville, KY, United States    10/15/2013    6:24 P.M.   Registered with Clearing Agency. Shipment release pending Clearing Agency
review. / Shipment submitted to Clearing Agency, awaiting final release.

Malmo Sturup, Sweden    10/15/2013    11:22 P.M.   Departure Scan

                                  10/15/2013    10:15 P.M.   Arrival Scan

Jonkoping, Sweden    10/15/2013    6:30 P.M.   Departure Scan

Sweden                   10/15/2013           5:15 A.M. Order Processed: Ready for UPS



Can anyone just explain alittle of how it went from sweden to kentucky to germany ( i know it didn't physically do that).....thanks.

[ImI]

Koeln, Germany    10/16/2013    12:31 A.M.   Arrival Scan

Louisville, KY, United States    10/15/2013    6:24 P.M.   Registered with Clearing Agency. Shipment release pending Clearing Agency
review. / Shipment submitted to Clearing Agency, awaiting final release.

Malmo Sturup, Sweden    10/15/2013    11:22 P.M.   Departure Scan

                                  10/15/2013    10:15 P.M.   Arrival Scan

Jonkoping, Sweden    10/15/2013    6:30 P.M.   Departure Scan

Sweden                   10/15/2013           5:15 A.M. Order Processed: Ready for UPS



Can anyone just explain alittle of how it went from sweden to kentucky to germany ( i know it didn't physically do that).....thanks.

they do just the clearing.

in other words they are preparing to get quickly through customs

[sbfree]

Koeln, Germany    10/16/2013    12:31 A.M.   Arrival Scan

Louisville, KY, United States    10/15/2013    6:24 P.M.   Registered with Clearing Agency. Shipment release pending Clearing Agency
review. / Shipment submitted to Clearing Agency, awaiting final release.

Malmo Sturup, Sweden    10/15/2013    11:22 P.M.   Departure Scan

                                  10/15/2013    10:15 P.M.   Arrival Scan

Jonkoping, Sweden    10/15/2013    6:30 P.M.   Departure Scan

Sweden                   10/15/2013           5:15 A.M. Order Processed: Ready for UPS



Can anyone just explain alittle of how it went from sweden to kentucky to germany ( i know it didn't physically do that).....thanks.

they do just the clearing.

in other words they are preparing to get quickly through customs

I believe it's clear sailing from here on out for my rig then.....final destination, my UPS FROM UPS

[jermwerty]

this whole BITCOIN project has been a write off and will still be helpful but I can imagine the pain for those who don't have that benefit and are still behind my order.

^THIS

Describes my feeling with Avalon and my Batch 3.  I watched as "market price" for flippers went from a 2x premium on original paid price (150 BTC for a 75BTC box - preorder status no less), to even-steven around shipping time, then finally under the cost by the time my particular unit was delivered.

The sad part is KnC has delivered relatively "on time" in comparison to Avalon (3+ months late), yet the result is the same.  Can't help but think it was BitFury that helped accelerate all of this ... (ghash.io anyone?) and really screwed you KnC guys, but oh well.

I wonder when you KnC guys will hit capitulation and start to liquidate at a loss.  For example the 2.2BTC per 60Ghash Avalon Mini just set a new low price and if history is any indicator, everyone else will be down at that price soon...

GL all!  And if you don't like this post, just ask yourself what stage of Stockholm syndrome you are really in... I lived in those various states for months with YiFu...

[Syke]

The sad part is KnC has delivered relatively "on time" in comparison to Avalon (3+ months late), yet the result is the same.  Can't help but think it was BitFury that helped accelerate all of this ... (ghash.io anyone?) and really screwed you KnC guys, but oh well.

Compare KnC first batch with Avalon first batch. There's just no comparison. Avalon-1 was hugely profitable for most customers. KnC-1 will not be hugely profitable for any customers.

[Cablez]

Status changed from in progress to shipped. 28XX but no tracking number yet.

[nightengale]

Status changed from in progress to shipped. 28XX but no tracking number yet.

Same boat for me, order #26XX -- would feel a lot better if I had tracking info.

[DigginDeep]

Status changed from in progress to shipped. 28XX but no tracking number yet.

'

Did this just recently changed?  or was this done earlier today?  Curious because it is like 3am there right now.

I have a 31xx Order that is still in progress.  So getting a little more excited every time i see a number closer to mine saying shipped.

[CMMPro]

Mine changed also this afternoon....order 25xx June 22.

Shipped but no tracking as of yet.

I'm hoping it is on it's way via DHL and we just do not have tracking info emailed for some reason.

Worst case though is that they were "shipped" by KNC but not picked up by a courier yet. In that case they will move tomorrow.

I think UPS Quantum View does this when they generate your shipping paperwork...the label and paperwork is generated but until the package is picked up and scanned in you have no tracking.