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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3009272 times)
sickpig
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November 14, 2013, 10:45:27 AM
 #21461

So this question is for those of you who paid with credit cards/bank loans and have reached "break-even" status.

Are you selling the coins at current prices to pay off the owed/remaining amount and take that off your back or are you holding in hopes that the price keeps climbing and do it later when higher?

a few days ago I've cashed out circa 75% of jup day1 value. I didn't use cards/loans to buy my miner. The thing is that I'm quite risk adverse despite the fact that I'm dealing with btc all day long Tongue

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November 14, 2013, 10:55:43 AM
 #21462

Does anyone with a miner have a caliper to measure the thickness of the case.
Is it aluminium?
I need to make a home for my Upgrade modules and one of the options is to build a replica of the original case.
Do you think that is doable?

Or if you can recommend anything else?
Perhaps a specific computer case?


If you're still curious, the case is aluminum and approx 1/10th inch thick (2.6mm?). Pretty beefy.

it's not the thickness that is really important, but those studs that are embedded into it that matter.

I am thinking of re-designing the whole thing anyway

That would probably be the easiest method. I attempted to remove one of those studs and they seem to be epoxied/welded in. Also, if you look on the bottom, there is a sort of hexagon base to them which makes me think they are custom made. They are also of the finer threading. Standard mobo standoffs do not work as they have the more coarse threads.

One thing to note however, I discovered that adding a 5th board to my perfectly running Jupiter actually caused it to run at over 100Gh/s slower than having that 5th board in a separate miner (I have 2 Jups, but had to send 3 boards back for RMA). I know KNC stated that their system was supposed to be able to handle at least 1Th/s, but I've found this not to be true. It may just be a firmware thing though. The 5th board caused 5 Dies to not come online (low current issue) that otherwise work fine.



you can use mb studs that came with a case (just have to drill a smaller hole and force them to fit in )
maybe you can fit then between the front and back fan you have to see if they feet on the side or on the top of the case and remove the tunnel
if the cables are long enough and you have the ports on the controller you can try , if not a sheet of aluminum and add 6 of them like in the pictures from the datacenter
Searing
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November 14, 2013, 11:04:41 AM
 #21463

So this question is for those of you who paid with credit cards/bank loans and have reached "break-even" status.

Are you selling the coins at current prices to pay off the owed/remaining amount and take that off your back or are you holding in hopes that the price keeps climbing and do it later when higher?

naw I'm keeping the coins...(what the heck you only live once)...if Bitcoin thrives I'll do ok....if bitcoin goes the way of beanie babies...I'll have a good laugh in later years at my youthful follies..most of my initial bitcoin investment is from getting rid of stuff from the attic on ebay from 20yrs of collecting (apple ii stuff game of thrones swords that kinda thing) ...so if this don't work out ..bitcoin that is ..I can have an 'Eureka" moment and be closer to "enlightenment" in the eastern tradition ie...simplfy also works if you sell crap and lose all .... I'll get a zen like appreciation of the simple life (what the heck got my attic back now have a 4 bedroom house vs 3 bedroom on paper with worth of house it is probably a wash anyway in a few years if BTC goes ker-plunk)

imho a lot of us are holding (foolish of otherwise  we will see) that and speculation imho is keeping the price up. imho its China the Chinese middle class in the regulated economy there has little options to get rid of extra cash ..real estate which is bloated or so far bitcoin....seems like a good bet to a lot of them their as an option I think

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itod
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November 14, 2013, 11:23:39 AM
 #21464

Today is party day for me...
The whole BTC endeavor has surpassed itself investment wise.
I lost plane ticket money, office lease deposits, internet service installations, not to mention all the tables, cords, and power supplies I shipped to Washington, directly from amazon, just to get the miners into a 2.4 cent electrical situation...
The "Powers that be" saw to it there was a glitch in the address change online, and my machines were subsequently shipped here to hawaii Instead of Chelan, which meant an emergency PSU re-order for home...but  Chelan would have been a total disaster in hindsight, with all the things unforeseen that needed worked out. Thank the stars. I'm VERY Happy they are here at home, even with .43 electric. In approx. 27 days, so far, I've earned about 33.5 BTC total. By today's price, that covers Every cent spent, and more... but wait!... I was able to re-invest the BTC, and now will ultimately end up with over TRIPLE my current hashpower by...(Nov.?th)...  certainly out-pacing the diffchanges by a significant margin. All thanks to KNC & The ASIC Godz!
**Just had to get that out.... AAAaaaah.  
This is exciting.

You might be at a loss on this.

That 33.5 BTC is now 4x harder to mine.  5x-6x harder once your stuff arrives probably.  You can't break even unless your hashpower has increased to an order of that magnitude.  I don't think triple is enough.
I respectfully disagree... here's why....
For all intense purposes, I started on October 15th, at which time, October 16th, the diff changed to 267M, and is now 510M....  In other words, the diff has yet to double since I started mining.  (29 days?) So, not quite 2x...  don't know how you got to 4x...?

Difficulty will be > 610M in three days, so it's 128% in 32 days. Nevertheless, I understand and congratulate your happiness, it's not all in the money, mining is a joy.

EMPTY SIGNATURE SPACE
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joeventura
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November 14, 2013, 12:32:01 PM
 #21465

Ok kids when are these upgrade boards going to start to ship?

Most people bought 2 so we are talking about no more than 125 boxes going out the door.

Promise was "this week"


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vesperwillow
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November 14, 2013, 12:46:29 PM
 #21466

really my point.....  If you can't pull ROI on a KNC device within 30 days...., something is wrong with your methods maybe...  because even if I got one today, it would still ROI in short order.....why do you think ten thousand people tried for 140gh/s boards @ a grand?...... because they know.

How can you guarantee any KNC mining purchase you make would positive-ROI in 30 days? I would love to see the math on this. Unless I missed some part of the convo on another page.

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November 14, 2013, 01:00:56 PM
 #21467

Does anyone with a miner have a caliper to measure the thickness of the case.
Is it aluminium?
I need to make a home for my Upgrade modules and one of the options is to build a replica of the original case.
Do you think that is doable?

Or if you can recommend anything else?
Perhaps a specific computer case?


If you're still curious, the case is aluminum and approx 1/10th inch thick (2.6mm?). Pretty beefy.

Thank you. Now I have to find where I can buy these metal sheets from.

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
btc_uzr
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November 14, 2013, 01:03:53 PM
 #21468

I'm wondering why there's no trackingID out in the wild for upgrade modules, too.

Bitcoinorama, may I ask for the reason(s) why KnC didn't ship them until now ?
Sure it won't make it into customer hands any earlier, but with background info there's less/no speculation, complaints or allegations (I guess).
Would be really nice to let us know.  Wink

The circumstance that there's an item 'in stock' and nobody knows when it's actually being shipped - and this in a market where time is a very important factor - demands for complaints and negative posts. Some brief info could get rid of it.
Just image what shitstorm Apl would face when they sell online the ayFone7 as 'in stock' and after 2 days, no one has a clue when it ships. And there's no ROI at all for a mobile afaik..


You have to admit that KnC is heading for negative PR somehow when they say
   "All items are in stock and will be packaged and shipped this week via UPS" (details page upgrade module)
in addition with statements like
   "Time to market is everything in this business after all" (news-36)
   "in bitcoin time is money" (news-44)
and then do not ship immediately.

It would have been way smarter to put on details page "will be shipped next week via UPS".
Then start shipping on Friday.

*edit:
Or even put the boards in boxes ready to be shipped, before putting the item in the webshop.
Then with each order paid a shipping label is printed and attached to a package.
UPS then picks up all boxes ready until the point in time when they ring the bell.

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
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November 14, 2013, 01:16:06 PM
 #21469

...Sure it won't make it into customer hands any earlier...

If shipped today then some would have the modules by tomorrow. If shipped by tomorrow no one would have them before monday (except for pick-up of course) as UPS does not deliver on saturday unless paid to do so.

So it makes a difference...just saying. (0.27 BTC per Module for the weekend)
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November 14, 2013, 01:20:46 PM
 #21470

I agree that each hour is relevant to ROI.
The statement was meant in regards to:
 The knowledge what's happening doesn't make things happen faster.

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
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November 14, 2013, 01:21:59 PM
 #21471

Thank you. Now I have to find where I can buy these metal sheets from.

Grainger, McMaster Carr, even ebay.

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November 14, 2013, 01:22:56 PM
 #21472

You have to admit that KnC is heading for negative PR, because they say
   "All items are in stock and will be packaged and shipped this week via UPS" (details page upgrade module)

If they said this week, they still have 2 days, or am I on the wrong week?

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November 14, 2013, 01:24:59 PM
 #21473

You have to admit that KnC is heading for negative PR, because they say
   "All items are in stock and will be packaged and shipped this week via UPS" (details page upgrade module)

If they said this week, they still have 2 days, or am I on the wrong week?

agreed.
Your quote just missed the relevant part (by intent?):
----------
in addition with statements like
   "Time to market is everything in this business after all" (news-36)
   "in bitcoin time is money" (news-44)
and then do not ship immediately.
----------

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
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November 14, 2013, 01:25:19 PM
 #21474

Thank you. Now I have to find where I can buy these metal sheets from.

Grainger, McMaster Carr, even ebay.

I'm in the UK. Do you mind posting some links, so I can look them up in here.

Thank you.

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
jelin1984
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November 14, 2013, 01:29:21 PM
 #21475

Any news about knc from boards?
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November 14, 2013, 01:31:12 PM
 #21476

Any news about knc from boards?

Yes, they shipped them all yesterday and said that your order has been cancelled, because they oversold.

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
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November 14, 2013, 01:32:12 PM
 #21477

You have to admit that KnC is heading for negative PR, because they say
   "All items are in stock and will be packaged and shipped this week via UPS" (details page upgrade module)

If they said this week, they still have 2 days, or am I on the wrong week?

agreed.
Your quote just missed the relevant part (by intent?):
----------
in addition with statements like
   "Time to market is everything in this business after all" (news-36)
   "in bitcoin time is money" (news-44)
and then do not ship immediately.
----------


I left that out on purpose because the relevent portion was "will be shipped this week". That disregards anything else, they stated when they would ship.

I could say "well the Sun is really hot, but we will fly to it this week". Hot has nothing to do when I'm flying toward it. Their news was simply acknowledging the time-sensitivity of mining, mostly as a marketing ploy.

Thank you. Now I have to find where I can buy these metal sheets from.

Grainger, McMaster Carr, even ebay.

I'm in the UK. Do you mind posting some links, so I can look them up in here.

Thank you.

I don't know about industrial suppliers in the UK, but I know I've found sheet metal on ebay before.. try it.. go ebay-search aluminum sheets.

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November 14, 2013, 01:33:02 PM
 #21478

Hahah
I did not order any updated module
Because no extra ports at my miner
vesperwillow
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November 14, 2013, 01:36:14 PM
 #21479

Hahah
I did not order any updated module
Because no extra ports at my miner

Lol.. I would love to have ordered an extra module, but have no spare money. At least not when they were available.

They'll show up on ebay.. for 2-3x cost.

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November 14, 2013, 01:57:14 PM
 #21480

Relax in January will the modules cost less then 500$  Kiss we will crossing 1000mil. diff. at new year
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