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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008477 times)
xstr8guy
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October 17, 2013, 08:58:33 AM
 #16781

To everyone whining about not making "ROI" or not being able to get a refund...
Just sell your damn miner on eBay for a nice profit!  Hell, you could probably even mine with it for a week or two and still sell it for a profit.

Unfortunately this no longer works for BFL product.  Singles are now selling for less than list price.  So don't sit on your KNC miners for too long.
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ur0pl
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October 17, 2013, 09:02:25 AM
 #16782

KNCMINER hardware owns 20% of the network according to http://thegenesisblock.com/bitcoin-network-doubles-2-phs-four-weeks-first-1-phs-took-4-7-years/. What ever happened to "Network protection statement" ?

that article probably didn't calculate bitfury in, but whatever

What about Network protection statement? It's not KnC, but their hardware. The hardware itself is spread out among many players.

Unlike other companies, Kncminer has their own production line machines because they partnered up for an exclusive deal with Orsoc. Now, being that they had more production power than anyone else in the bitcoin hardware selling game, they could have put a smaller limit on how many units they would make. That way, it would have protected the network and protected the buyers because those who could not make ROI wouldn't even be able to buy a unit. However, they didn't. I could argue that they ruined the network even rather than protecting it. They exploited it with their production power. They could have set a limit like hashfast did of 550 units and a batch like system. instead, they sold god know how many units, but it must be an outrageous amount if these network speeds jump so much around the time they start shipping.

If they don't want blame for ruining the network, then where is the transparency of how many units they sold.
demonmaestro
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Mining for the hell of it.


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October 17, 2013, 09:02:57 AM
 #16783

theres a couple of Jupiters  on ebay for 14K....  Shocked

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ur0pl
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October 17, 2013, 09:03:45 AM
 #16784

To everyone whining about not making "ROI" or not being able to get a refund...
Just sell your damn miner on eBay for a nice profit!  Hell, you could probably even mine with it for a week or two and still sell it for a profit.

Unfortunately this no longer works for BFL product.  Singles are now selling for less than list price.  So don't sit on your KNC miners for too long.

I could only hope that I could sell my jupiters. I am going to try to get at least 10k for each.
Meizirkki
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October 17, 2013, 09:07:13 AM
 #16785

KNCMINER hardware owns 20% of the network according to http://thegenesisblock.com/bitcoin-network-doubles-2-phs-four-weeks-first-1-phs-took-4-7-years/. What ever happened to "Network protection statement" ?

that article probably didn't calculate bitfury in, but whatever

What about Network protection statement? It's not KnC, but their hardware. The hardware itself is spread out among many players.

Unlike other companies, Kncminer has their own production line machines because they partnered up for an exclusive deal with Orsoc. Now, being that they had more production power than anyone else in the bitcoin hardware selling game, they could have put a smaller limit on how many units they would make. That way, it would have protected the network and protected the buyers because those who could not make ROI wouldn't even be able to buy a unit. However, they didn't. I could argue that they ruined the network even rather than protecting it. They exploited it with their production power. They could have set a limit like hashfast did of 550 units and a batch like system. instead, they sold god know how many units, but it must be an outrageous amount if these network speeds jump so much around the time they start shipping.

If they don't want blame for ruining the network, then where is the transparency of how many units they sold.
the problem with your analogy is, that KnC is not responsible for the growth. They're just a small part of it.

They didn't fuck the network, only their customers.
ur0pl
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October 17, 2013, 09:10:31 AM
 #16786

KNCMINER hardware owns 20% of the network according to http://thegenesisblock.com/bitcoin-network-doubles-2-phs-four-weeks-first-1-phs-took-4-7-years/. What ever happened to "Network protection statement" ?

that article probably didn't calculate bitfury in, but whatever

What about Network protection statement? It's not KnC, but their hardware. The hardware itself is spread out among many players.

Unlike other companies, Kncminer has their own production line machines because they partnered up for an exclusive deal with Orsoc. Now, being that they had more production power than anyone else in the bitcoin hardware selling game, they could have put a smaller limit on how many units they would make. That way, it would have protected the network and protected the buyers because those who could not make ROI wouldn't even be able to buy a unit. However, they didn't. I could argue that they ruined the network even rather than protecting it. They exploited it with their production power. They could have set a limit like hashfast did of 550 units and a batch like system. instead, they sold god know how many units, but it must be an outrageous amount if these network speeds jump so much around the time they start shipping.

If they don't want blame for ruining the network, then where is the transparency of how many units they sold.
the problem with your analogy is, that KnC is not responsible for the growth. They're just a small part of it.

They didn't fuck the network, only their customers.

If you were a day 1 or day 2 customer, then you made a nice profit by now. Sucks for the rest of the customers who wont make ROI.
timmmers
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October 17, 2013, 09:11:43 AM
 #16787

theres a couple of Jupiters  on ebay for 14K....  Shocked

Maybe, but what happens when one of them burns or has other problems? Either by user error or whatever.
Could be a nightmare. lol

ur0pl
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October 17, 2013, 09:12:54 AM
 #16788

10 usa bucks says that bitcoin goes to 160 by the end of the month.
n691309
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October 17, 2013, 09:14:06 AM
 #16789

theres a couple of Jupiters  on ebay for 14K....  Shocked


Its the most profitable to sell immediatelly when you receive your miner, so no hard feeling

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.PROPTHEREUM.
ur0pl
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October 17, 2013, 09:17:56 AM
 #16790

Recently, whenever i sell an item and a buyer pays, my paypal account immediately has funds available rather than waiting the customary 30-45 days. I do not know why that is. However, I won't have to worry about chargebacks. Anyways, how do you handle transactions over 10k? Can they do multiple paypal payments for one item? Selling on ebay might be more profitable than kncminer's reseller program.
plasmoske
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The realist


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October 17, 2013, 09:19:56 AM
 #16791

Recently, whenever i sell an item and a buyer pays, my paypal account immediately has funds available rather than waiting the customary 30-45 days. I do not know why that is. However, I won't have to worry about chargebacks. Anyways, how do you handle transactions over 10k? Can they do multiple paypal payments for one item?

Paypal backed with a credit card = instant funds.
madsusies
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October 17, 2013, 09:20:44 AM
 #16792

14k for Jupiter  Huh in February it will get only 1k $ a month the roi will be minimum 5 months
ur0pl
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October 17, 2013, 09:22:01 AM
 #16793

14k for Jupiter  Huh in February it will get only 1k $ a month the roi will be minimum 5 months

many people like the allure of mining without care of profit or roi though.
naRky
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Bitcoin is the future...


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October 17, 2013, 09:23:19 AM
 #16794

14k for Jupiter  Huh in February it will get only 1k $ a month the roi will be minimum 5 months

many people like the allure of mining without care of profit or roi though.

i dont care about profit, im supporting BTC network and BTC itself

ur0pl
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October 17, 2013, 09:26:09 AM
 #16795

Becoming rich... only one difficulty period or 10 days too late. The story of my life.
ur0pl
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October 17, 2013, 09:30:32 AM
 #16796

The only one thing that can save this network is if bitcoin price goes 200 and above within this fall quarter.
MargaretsDream
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October 17, 2013, 09:34:21 AM
 #16797

14k for Jupiter  Huh in February it will get only 1k $ a month the roi will be minimum 5 months

many people like the allure of mining without care of profit or roi though.

i dont care about profit, im supporting BTC network and BTC itself


I do mine myselves to support BTC network, but only with smaller and cheaper units.
Buying Jupiter for this would be too costly imo
Searing
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Tips for help? 1BzbfMHCrTeLjc7eCGrYVhH3QXSRodSuke


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October 17, 2013, 09:45:24 AM
 #16798

well after almost 3 days got my tracking number for my 304x Jupiter...it currently spent 2 days getting from Sweden to Belgium....and it is coming via DHL to the Midwest USA..so they must not be too pleased with UPS

scrambled to find a private shipping place in town that is a "safe DHL  drop off location" (should count my blessings)

anyway anyone have a previous unit shipped via Belgium...does it go straight to the states or does it take the "European tour" first

no idea about DHL have never even seen a DHL truck before in this town/state

anyway my order of a Jupiter is #304x...for those still waiting for a tracking number with order numbers larger then this


Searing


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Nemo1024
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October 17, 2013, 10:10:41 AM
 #16799

Searing,

https://bitcointalk.org/index.php?topic=249065.0;topicseen

lists you as delivered October 21st?  Shocked

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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“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.”
xstr8guy
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October 17, 2013, 10:11:53 AM
 #16800

Order 35xx July 11 Mercury now in DHL sort facility in Brussels and then to US southwest.

Does DHL do Saturday delivery?  I don't imagine that I'll get it this week but I can still hope.
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