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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008867 times)
MikeyVeez
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November 26, 2013, 03:40:03 PM
 #23501

I am a prior customer and can order Neptunes everything will be under your name,  PM me offers
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bobsag3
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November 26, 2013, 03:40:27 PM
 #23502

oh.... here goes another 1000 pages of:  THIS IS A SCAM; DON`T BUY.   

i can tell you being a day 1 jupiter costumer this was a very good deal. 23% roi in btc, and a shitload of cash in $.

I am at about 80% BTC ROI from my day 1 jup.  I was probably on of the first people in the US to get it too...  That said, I just don't see this unit being a good deal with the math I am running.  They would have to deliver 3.5 TH/s April 1st for it to have a shot of getting ROI by mid september.
It will most likely be closer to 4 or 5 terrahash(per the news)...I also imagine the timeframe included a nice cushion this time as well......  and who knows how high BTC could be by then....

Like I said above, I have no doubt it'll be 6TH.

Can't power it without extra subpanels.
Hehehe, I'm thinking same...
Holy crap. Even I might have problems with that... And I have dedicated 20A 120 and 240V outlets.
ecliptic
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November 26, 2013, 03:41:22 PM
 #23503

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner


you forgot to mention the third scenario: BTC at 2K$ by the time you get your Neptune...
Still makes Money.

sure, but a lot less then what you would have done if you kept your btc in your wallet.

One should weight the 3 options and then decide. the fact is that probably a 3TH/s machine in April will produce 0.3BTC a day (30PH/s net hash rate). 12/0.3 = 40 day, but bear in mind that diff increase every 12 days or so buy an unknown factor...

And what happens to those poor suckers who have BTC in their wallet if the price crashes?

vesperwillow
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November 26, 2013, 03:42:09 PM
 #23504

Hehehe, I'm thinking same...

Which is fine for someone like yourself or myself lol.. but still. Wish they'da kept a consumer level line.

What are you talking about?

If BTC goes to 100$, people who bought these miners can ask for 10,000$.  They paid ~12.0 BTC.  

People still holding BTC would be the losers.

if BTC goes up, maybe the miner doesn't ROI in BTC, but it still makes $.

Some folks trade.. you don't want to be holding $800 coins in a $100 market.

Holy crap. Even I might have problems with that... And I have dedicated 20A 120 and 240V outlets.

Yeah if it were .5w per gh you could easily do 3th.

Beyond that...

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November 26, 2013, 03:42:26 PM
 #23505

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner



That's true, it is sort of like a put option.  You could really use this as a hedge against falling BTC prices. BTC goes to 100 tomorrow? Ask for a refund.
Boys read carefully, "everyone get back refund in $ (10 000$) till shipping day, if you ask "
xstr8guy
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November 26, 2013, 03:42:57 PM
 #23506

oh.... here goes another 1000 pages of:  THIS IS A SCAM; DON`T BUY.  

i can tell you being a day 1 jupiter costumer this was a very good deal. 23% roi in btc, and a shitload of cash in $.

Everyone knew Jupes were going to ROI, that was a given.

You're joking, right?  This thread is filled with non-believers warning us of our terrible decisions, lol.  The only people who thought they had any chance of earning back their investment were the actual buyers.  Everyone else thought we were insane.  Then half of the non-believers went and preordered with Cointerra and HashFast.  Wink
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November 26, 2013, 03:43:37 PM
 #23507

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner



That's true, it is sort of like a put option.  You could really use this as a hedge against falling BTC prices. BTC goes to 100 tomorrow? Ask for a refund.
Boys read carefully, "everyone get back refund in $ (10 000$) till shipping day, if you ask "

^-- Bingo. My point..

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November 26, 2013, 03:44:19 PM
 #23508

You're joking, right?  This thread is filled with non-believers warning us of our terrible decisions, lol.  The only people who thought they had any chance of earning back their investment were the actual buyers.  Everyone else thought we were insane.  Then half of the non-believers went and preordered with Cointerra and HashFast.  Wink

I didn't preorder a KNC unit, but even doing the math I knew it was a goldmine.

This.. this one is not a goldmine, unless you have dedicated power panels to maximize the use.. and even then you "might" break even. The wager is BTC hitting $2.5k or more by then

sickpig
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November 26, 2013, 03:44:23 PM
 #23509


My text quote was about bank transfer answering to the other guys. The bold was a separate question that you introduced.

They do not give re-assurance. If they do copy paste it. I do want to see it.


sorry bro I didn't mean to bother anyone.

I've just ask if you were able to find some place where knc state explicitly that if you bank wire there's no re-assurance that you will keep your place in line. As per my understanding you are inferring that, right?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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November 26, 2013, 03:47:38 PM
 #23510

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner


you forgot to mention the third scenario: BTC at 2K$ by the time you get your Neptune...
Still makes Money.

sure, but a lot less then what you would have done if you kept your btc in your wallet.

One should weight the 3 options and then decide. the fact is that probably a 3TH/s machine in April will produce 0.3BTC a day (30PH/s net hash rate). 12/0.3 = 40 day, but bear in mind that diff increase every 12 days or so buy an unknown factor...

And what happens to those poor suckers who have BTC in their wallet if the price crashes?



They will suffer a very painful state.... but having a Neptune at their disposal would not solve their problem Tongue

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
ecliptic
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November 26, 2013, 03:47:52 PM
 #23511

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner



That's true, it is sort of like a put option.  You could really use this as a hedge against falling BTC prices. BTC goes to 100 tomorrow? Ask for a refund.
Boys read carefully, "everyone get back refund in $ (10 000$) till shipping day, if you ask "

^-- Bingo. My point..

What the fuck are you talking about?  So you're just accusing them of lying then, it's explicitly stated they will refund the 10,000$ price in USD

Or are you agreeing with me?
FeedbackLoop
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November 26, 2013, 03:48:03 PM
 #23512


My text quote was about bank transfer answering to the other guys. The bold was a separate question that you introduced.

They do not give re-assurance. If they do copy paste it. I do want to see it.


sorry bro I didn't mean to bother anyone.

I've just ask if you were able to find some place where knc state explicitly that if you bank wire there's no re-assurance that you will keep your place in line. As per my understanding you are inferring that, right?

 Not bothered at all. Smiley

I didn't see them stating that. I just mean I didn't see them stating the assurance like they did last time and would really like to see since I am considering an order and a bank transfer.

ecliptic
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November 26, 2013, 03:48:32 PM
 #23513

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner


you forgot to mention the third scenario: BTC at 2K$ by the time you get your Neptune...
Still makes Money.

sure, but a lot less then what you would have done if you kept your btc in your wallet.

One should weight the 3 options and then decide. the fact is that probably a 3TH/s machine in April will produce 0.3BTC a day (30PH/s net hash rate). 12/0.3 = 40 day, but bear in mind that diff increase every 12 days or so buy an unknown factor...

And what happens to those poor suckers who have BTC in their wallet if the price crashes?



They will suffer a very painful state.... but having a Neptune at their disposal would not solve their problem Tongue

Why on earth would a person who ordered a neptune keep it if BTC crashes?  They refund their preorder and just effectively cashed out their coins at 850$ Smiley
sickpig
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November 26, 2013, 03:51:21 PM
 #23514

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner


you forgot to mention the third scenario: BTC at 2K$ by the time you get your Neptune...
Still makes Money.

sure, but a lot less then what you would have done if you kept your btc in your wallet.

One should weight the 3 options and then decide. the fact is that probably a 3TH/s machine in April will produce 0.3BTC a day (30PH/s net hash rate). 12/0.3 = 40 day, but bear in mind that diff increase every 12 days or so buy an unknown factor...

And what happens to those poor suckers who have BTC in their wallet if the price crashes?



They will suffer a very painful state.... but having a Neptune at their disposal would not solve their problem Tongue

Why on earth would a person who ordered a neptune keep it if BTC crashes?  They refund their preorder and just effectively cashed out their coins at 850$ Smiley

you have a point. so the worst case scenario would be btc crashing just after your delivery day.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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November 26, 2013, 03:52:46 PM
 #23515

What about shipping date? Q1/Q2 is a bad joke, that's a 6 months time frame. They could ship in June and that's Q2.

ecliptic
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November 26, 2013, 03:52:56 PM
 #23516

Buying this now with BTC locks you in at 850$/btc

if the BTC price crashes, you can get a refund

if the price stays the same, get the miner


you forgot to mention the third scenario: BTC at 2K$ by the time you get your Neptune...
Still makes Money.

sure, but a lot less then what you would have done if you kept your btc in your wallet.

One should weight the 3 options and then decide. the fact is that probably a 3TH/s machine in April will produce 0.3BTC a day (30PH/s net hash rate). 12/0.3 = 40 day, but bear in mind that diff increase every 12 days or so buy an unknown factor...

And what happens to those poor suckers who have BTC in their wallet if the price crashes?



They will suffer a very painful state.... but having a Neptune at their disposal would not solve their problem Tongue

Why on earth would a person who ordered a neptune keep it if BTC crashes?  They refund their preorder and just effectively cashed out their coins at 850$ Smiley

you have a point. so the worst case scenario would be btc crashing just after your delivery day.
that is correct, but that risk applies to every single miner.
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November 26, 2013, 03:53:28 PM
 #23517

You're joking, right?  This thread is filled with non-believers warning us of our terrible decisions, lol.  The only people who thought they had any chance of earning back their investment were the actual buyers.  Everyone else thought we were insane.  Then half of the non-believers went and preordered with Cointerra and HashFast.  Wink

I didn't preorder a KNC unit, but even doing the math I knew it was a goldmine.

This.. this one is not a goldmine, unless you have dedicated power panels to maximize the use.. and even then you "might" break even. The wager is BTC hitting $2.5k or more by then

Who's worried about the power requirements?  If you haven't noticed, KNC has hosting services and there are other 3rd parties who also offer hosting services.
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November 26, 2013, 03:53:55 PM
 #23518


 Not bothered at all. Smiley


I'm glad.

I didn't see them stating that. I just mean I didn't see them stating the assurance like they did last time and would really like to see since I am considering an order and a bank transfer.

fwiw I've sent an email about this 30mins ago, let see what we get. Did you already try to contact them?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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November 26, 2013, 03:54:04 PM
 #23519

This is a really tough decision to make...  The first unit was a slam dunk for people wanting to get into BTC.  Take a look at black arrow - they actually delivered FPGA's and their offering is going to be leaps and bounds cheaper than a KNC unit.  is the fact that they delivered worth the ~240% or thereabouts premium (assuming 1.49 per GH/s)
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November 26, 2013, 03:54:15 PM
 #23520

How do you remove an item from your KnC shopping cart?

I still have a november Jupiter in my cart and there does not seem to be any way to remove it.

The checkout button does not work either, presumably because that no longer available item is in the cart.

-MarkM-

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