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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007559 times)
Phoenix1969
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November 30, 2013, 04:36:48 PM
 #24501

my jupiter now say payed before sayd progress
anyone have this trouble?
site problems yesterday ... same here...rest assure...all will be okay...


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helmax
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November 30, 2013, 04:36:57 PM
 #24502

@Phoenix1969 sell me one neptune  Cheesy

looking job
ASIC-K
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November 30, 2013, 04:38:09 PM
 #24503

@Phoenix1969 sell me one neptune  Cheesy

I'm pretty sure i saw a neptune on ebay the other day for 20k!

if i got this much, id probably sell too. lol
ASIC-K
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November 30, 2013, 04:42:53 PM
 #24504

All
 
We have an exciting update for you all today, in 2014 we will be shipping our 20nm product called Neptune.
We are aware more now than ever, that the demand for our product is large with bitcoin prices rising to all-time highs. The lack of available companies in the market place who can actually design, produce and more importantly ship increases the demands for our products as we are the only company who has shipped a 28nm product. We will once again take the bitcoin mining hardware to the next level.
 
Our first offering at 20nm is called Neptune following the naming convention from our 28nm range. It will have the following basic specifications.
 

Minimum 3000GH/s of hashing speed that 3TH (Over 5 times the speed of our first Jupiter release)
   (we reserve the right to increase this as we get closer to shipment)
A 30% reduction in watts per GH,
Shipment begins in Q1/Q2 of 2014,
Bitcoins first ever 20nm miner bought to you form the company who shipped the first 28nm bitcoin miner,
Limited batch for registered customers only,
Existing customers only can buy at this price other batches will be released later to non-existing customers at a higher price.
These items will be on sale for two weeks at this price or until it has sold out.
Payment for this product is bitcoins and bank transfer only.
 
The product is now available for purchase in our shop, If you are a registered customer you can order and pay for it today. Here at https://www.kncminer.com/categories/miners
 
There is a limited supply at this introductory price as a reward to our existing customers who have been with us before.
 
Thanks KnC Team

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Copyright © 2013 KNCMiner, All rights reserved.
You are receiving this email because you have opted in at our website. www.kncminer.com.
Our mailing address is:
KNCMiner
Birger Jarlsgatan 33
Stockholm 111 46
Sweden

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jonoiv
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November 30, 2013, 04:44:57 PM
 #24505

my jupiter now say payed before said progress
anyone have this trouble?

Yer a few people read the last few pages.  Mine said the same but I got a ups tracking number and it arrived yesterday.  I think they have been sent just waiting on the tracking numbers personally!  But im sure there will be a offical word soon

.
PenAndPaper
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November 30, 2013, 04:56:25 PM
 #24506

I don't think you understand. What I described may have a lower upside potential than simply purchasing bitcoin, but I also have a significantly lower downside potential. As long as KnC offers refunds (which is key), then I have a low chance of losing any USD.

Furthermore, it doesn't matter if I paid in USD or BTC, since it would have costed me the same amount of USD to buy the BTC I needed to purchase the Neptunes at the moment I needed.

The amount of time KnC has my money is relatively trivial while less than 6 months. Perhaps if this investment was a larger part of my portfolio I'd care.

I understand your logic but as i said if you want to hedge against the worst case scenario you don't have to buy a miner from KnC

What you say is like selling now bitcoins that worth 10000$ and then wait for 5 months. If in the end of those 5 months bitcoin still holds then you 'll buy back bitcoins but probably in a much higher price. If bitcoin collapses your hedging strategy saved you from the worst case scenario. Got it now?
The refund from KnC don't introdute a unique hedging strategy against bitcoin collpasing.
OmegaNemesis28
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November 30, 2013, 05:01:34 PM
 #24507

I didn't want a phone call...a fucking email would have been nice though. 1st I heard was on this forum, hours after the things were sold. I bought a KNC machine mainly based on it's ability to be upgraded

I got an email.  Did you not sign up for their email newsletter?
Yeah, Emails were sent..got one here too.

ditto. i got one as well.

Same. I only knew because of the email. I'll give KNC that much.

But they didn't give any notice prior. They just opened up and immediately closed down.

I'm not one for donations but if you must go ahead and I will keep you in mind. =)
http://payb.tc/omeganemesis28
bobsmoke
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November 30, 2013, 05:05:28 PM
 #24508

Out of curiosity. Is there someone among the dudes that preordered neptunes, that has done an actual estimation for difficulty and ROI?

History has proven its a fruitless excercise.

very very rough estimation without evidence to proof it...just gut feeling:

4.2K Thera - Neptune 1st Batch (1200 Neptunes)
1k Thera -  Bitmine (estimation I dont know how many machines they sold out)
2k Theras - Hashfast  (500 Theras just for IceDrill group...no idea how many machines each batch)
2k Theras - Cointerra (no idea how many machines each batch)
---------------------
9.2 P Hashes at least in the next 6 months




you miss a lot of H/s along the way.

use this as a start https://bitcointalk.org/index.php?topic=283820.0

take into account that the aformentioned estimate is not exhaustive. e.g it doesn't include
bitmain's off the shelf products https://bitcointalk.org/index.php?topic=348747.0



Excellent, Thank you!
So we have ~6Ph at the moment and we might have ~18Ph in 6 months. Therefore, a Juniper which is mining ~0.3 per day today will mine ~0.1 in 6 months and a Neptune will mine ~0.6 per day. its going to be crazy times for the mining community!
Phoenix1969
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November 30, 2013, 05:06:00 PM
 #24509

@Phoenix1969 sell me one neptune  Cheesy

I'm pretty sure i saw a neptune on ebay the other day for 20k!

if i got this much, id probably sell too. lol
The Neptunes are my hedge...   maybe in a couple months... Smiley

Or if I got a ridiculous offer...  you are offering 20?  I might do that right now!


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ASIC-K
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November 30, 2013, 05:06:55 PM
 #24510

I didn't want a phone call...a fucking email would have been nice though. 1st I heard was on this forum, hours after the things were sold. I bought a KNC machine mainly based on it's ability to be upgraded

I got an email.  Did you not sign up for their email newsletter?
Yeah, Emails were sent..got one here too.

ditto. i got one as well.

Same. I only knew because of the email. I'll give KNC that much.

But they didn't give any notice prior. They just opened up and immediately closed down.

i was pissed when they did this little notice thing with the upgrades too, but i kind of get it now. if they gave everyone a couple weeks notice and told everyone "order opens november 26th" the site would probably crash and cause a ton of issues, i guess they have to give little notice as to not flood the order system? does that make sense?
ASIC-K
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November 30, 2013, 05:07:39 PM
 #24511

@Phoenix1969 sell me one neptune  Cheesy

I'm pretty sure i saw a neptune on ebay the other day for 20k!

if i got this much, id probably sell too. lol
The Neptunes are my hedge...   maybe in a couple months... Smiley

Or if I got a ridiculous offer...  you are offering 20?  I might do that right now!

haha +1

you and I seem to have the earliest pre-orders, we could ask a premium!
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November 30, 2013, 05:10:21 PM
 #24512

I don't think you understand. What I described may have a lower upside potential than simply purchasing bitcoin, but I also have a significantly lower downside potential. As long as KnC offers refunds (which is key), then I have a low chance of losing any USD.

Furthermore, it doesn't matter if I paid in USD or BTC, since it would have costed me the same amount of USD to buy the BTC I needed to purchase the Neptunes at the moment I needed.

The amount of time KnC has my money is relatively trivial while less than 6 months. Perhaps if this investment was a larger part of my portfolio I'd care.

I understand your logic but as i said if you want to hedge against the worst case scenario you don't have to buy a miner from KnC

What you say is like selling now bitcoins that worth 10000$ and then wait for 5 months. If in the end of those 5 months bitcoin still holds then you 'll buy back bitcoins but probably in a much higher price. If bitcoin collapses your hedging strategy saved you from the worst case scenario. Got it now?
The refund from KnC don't introdute a unique hedging strategy against bitcoin collpasing.


You're right, there is nothing unique about what I'm saying. I'm not sure where you got the idea that this was unique. I'm obviously having trouble understanding what you're trying to explain though. Why would I buy back BTC after 5 months? I would have a miner generating coins for me at the higher value and wouldn't need to buy back in. Let's suppose I'm able to mine 10 coins per Neptune, even though I spent 12. If the coins are valued at 1.2x what they were when I purchased the miner, I will profit in USD. If they are less than that, I could refund my order and buy the same number of bitcoins I started with or more.

1N3o5Kyvb4iECiJ3WKScKY8xTVXxf1hMvA
OmegaNemesis28
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November 30, 2013, 05:12:43 PM
 #24513

I didn't want a phone call...a fucking email would have been nice though. 1st I heard was on this forum, hours after the things were sold. I bought a KNC machine mainly based on it's ability to be upgraded

I got an email.  Did you not sign up for their email newsletter?
Yeah, Emails were sent..got one here too.

ditto. i got one as well.

Same. I only knew because of the email. I'll give KNC that much.

But they didn't give any notice prior. They just opened up and immediately closed down.

i was pissed when they did this little notice thing with the upgrades too, but i kind of get it now. if they gave everyone a couple weeks notice and told everyone "order opens november 26th" the site would probably crash and cause a ton of issues, i guess they have to give little notice as to not flood the order system? does that make sense?

Yeah, but at least the upgrades they did give some prior notice.
 Even a single day's notice would've been enough for me to at least initiate with my bank, and I'm sure others too. Even if I wanted to pay full up in BTC upfront, it would've taken a day to get my cash into the market again. And on Thanksgiving of all the times to do it with people here in the US nonetheless! That sucked big time!
I just wish they would either honor my order or open up again for existing customers. I still haven't been able to cancel the wire I scheduled. My bank's branch won't let me until later today.

I'm not one for donations but if you must go ahead and I will keep you in mind. =)
http://payb.tc/omeganemesis28
lkthomas
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November 30, 2013, 05:18:22 PM
 #24514

I don't think you understand. What I described may have a lower upside potential than simply purchasing bitcoin, but I also have a significantly lower downside potential. As long as KnC offers refunds (which is key), then I have a low chance of losing any USD.

Furthermore, it doesn't matter if I paid in USD or BTC, since it would have costed me the same amount of USD to buy the BTC I needed to purchase the Neptunes at the moment I needed.

The amount of time KnC has my money is relatively trivial while less than 6 months. Perhaps if this investment was a larger part of my portfolio I'd care.

I understand your logic but as i said if you want to hedge against the worst case scenario you don't have to buy a miner from KnC

What you say is like selling now bitcoins that worth 10000$ and then wait for 5 months. If in the end of those 5 months bitcoin still holds then you 'll buy back bitcoins but probably in a much higher price. If bitcoin collapses your hedging strategy saved you from the worst case scenario. Got it now?
The refund from KnC don't introdute a unique hedging strategy against bitcoin collpasing.


You're right, there is nothing unique about what I'm saying. I'm not sure where you got the idea that this was unique. I'm obviously having trouble understanding what you're trying to explain though. Why would I buy back BTC after 5 months? I would have a miner generating coins for me at the higher value and wouldn't need to buy back in. Let's suppose I'm able to mine 10 coins per Neptune, even though I spent 12. If the coins are valued at 1.2x what they were when I purchased the miner, I will profit in USD. If they are less than that, I could refund my order and buy the same number of bitcoins I started with or more.


well said. I also have same value in my mind. The best thing of course new miner could generate more you spent and the value itself increase at the same time. It would be more than double if that would be the case. I am betting this would happen.

one question, what's that KnC refund policy about?! can you send back the miner and ask for same amount of BTC back in terms of USD?!
Phoenix1969
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November 30, 2013, 05:22:43 PM
 #24515

I don't think you understand. What I described may have a lower upside potential than simply purchasing bitcoin, but I also have a significantly lower downside potential. As long as KnC offers refunds (which is key), then I have a low chance of losing any USD.

Furthermore, it doesn't matter if I paid in USD or BTC, since it would have costed me the same amount of USD to buy the BTC I needed to purchase the Neptunes at the moment I needed.

The amount of time KnC has my money is relatively trivial while less than 6 months. Perhaps if this investment was a larger part of my portfolio I'd care.

I understand your logic but as i said if you want to hedge against the worst case scenario you don't have to buy a miner from KnC

What you say is like selling now bitcoins that worth 10000$ and then wait for 5 months. If in the end of those 5 months bitcoin still holds then you 'll buy back bitcoins but probably in a much higher price. If bitcoin collapses your hedging strategy saved you from the worst case scenario. Got it now?
The refund from KnC don't introdute a unique hedging strategy against bitcoin collpasing.


You're right, there is nothing unique about what I'm saying. I'm not sure where you got the idea that this was unique. I'm obviously having trouble understanding what you're trying to explain though. Why would I buy back BTC after 5 months? I would have a miner generating coins for me at the higher value and wouldn't need to buy back in. Let's suppose I'm able to mine 10 coins per Neptune, even though I spent 12. If the coins are valued at 1.2x what they were when I purchased the miner, I will profit in USD. If they are less than that, I could refund my order and buy the same number of bitcoins I started with or more.


well said. I also have same value in my mind. The best thing of course new miner could generate more you spent and the value itself increase at the same time. It would be more than double if that would be the case. I am betting this would happen.

one question, what's that KnC refund policy about?! can you send back the miner and ask for same amount of BTC back in terms of USD?!
NO, refunds are based on fiat equivalent, just as the purchase was
IMHO refunds are foolish, given the appreciation of the units themselves...
If you bought Gold @ spot price, and it increased in value..would you ask for a refund on the original purchase?  KNC units are like "Unobtainium"!  Grin
Most who bought October first run units, have long since recovered their BTC...
selling now is an outrageous gain on them.....  especially when applied to future units....   ...but what do I know....  I'm just an Ewok.

On that note...I could really use an update on units shipped...with the account page messed up, I don't know if my two Novembers have been shipped yet or not... they were "In Progress" several days ago...now show just "Paid", so no tellin'...
could be on the way already, but no email from UPS..... wondering...


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helmax
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November 30, 2013, 05:40:53 PM
 #24516

why people think mining is chicken gold eggs

if trading much better

looking job
r1senfa17h
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November 30, 2013, 05:43:55 PM
 #24517

I don't think you understand. What I described may have a lower upside potential than simply purchasing bitcoin, but I also have a significantly lower downside potential. As long as KnC offers refunds (which is key), then I have a low chance of losing any USD.

Furthermore, it doesn't matter if I paid in USD or BTC, since it would have costed me the same amount of USD to buy the BTC I needed to purchase the Neptunes at the moment I needed.

The amount of time KnC has my money is relatively trivial while less than 6 months. Perhaps if this investment was a larger part of my portfolio I'd care.

I understand your logic but as i said if you want to hedge against the worst case scenario you don't have to buy a miner from KnC

What you say is like selling now bitcoins that worth 10000$ and then wait for 5 months. If in the end of those 5 months bitcoin still holds then you 'll buy back bitcoins but probably in a much higher price. If bitcoin collapses your hedging strategy saved you from the worst case scenario. Got it now?
The refund from KnC don't introdute a unique hedging strategy against bitcoin collpasing.


You're right, there is nothing unique about what I'm saying. I'm not sure where you got the idea that this was unique. I'm obviously having trouble understanding what you're trying to explain though. Why would I buy back BTC after 5 months? I would have a miner generating coins for me at the higher value and wouldn't need to buy back in. Let's suppose I'm able to mine 10 coins per Neptune, even though I spent 12. If the coins are valued at 1.2x what they were when I purchased the miner, I will profit in USD. If they are less than that, I could refund my order and buy the same number of bitcoins I started with or more.


well said. I also have same value in my mind. The best thing of course new miner could generate more you spent and the value itself increase at the same time. It would be more than double if that would be the case. I am betting this would happen.

one question, what's that KnC refund policy about?! can you send back the miner and ask for same amount of BTC back in terms of USD?!
NO, refunds are based on fiat equivalent, just as the purchase was
IMHO refunds are foolish, given the appreciation of the units themselves...
If you bought Gold @ spot price, and it increased in value..would you ask for a refund on the original purchase?  KNC units are like "Unobtainium"!  Grin
Most who bought October first run units, have long since recovered their BTC...
selling now is an outrageous gain on them.....  especially when applied to future units....   ...but what do I know....  I'm just an Ewok.

No one who understands how Bitpay works actually believes companies should issue refunds in BTC. I'm betting that you're right, which is why I'm not selling by upgraded Jupiter - even at $20k.

1N3o5Kyvb4iECiJ3WKScKY8xTVXxf1hMvA
Phoenix1969
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Activity: 938


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November 30, 2013, 05:46:17 PM
 #24518

why people think mining is chicken gold eggs

if trading much better

Agreed, if you're good at it.... I'm not!
Admittedly...I always lose out trading!


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lkthomas
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November 30, 2013, 05:46:43 PM
 #24519

I don't think you understand. What I described may have a lower upside potential than simply purchasing bitcoin, but I also have a significantly lower downside potential. As long as KnC offers refunds (which is key), then I have a low chance of losing any USD.

Furthermore, it doesn't matter if I paid in USD or BTC, since it would have costed me the same amount of USD to buy the BTC I needed to purchase the Neptunes at the moment I needed.

The amount of time KnC has my money is relatively trivial while less than 6 months. Perhaps if this investment was a larger part of my portfolio I'd care.

I understand your logic but as i said if you want to hedge against the worst case scenario you don't have to buy a miner from KnC

What you say is like selling now bitcoins that worth 10000$ and then wait for 5 months. If in the end of those 5 months bitcoin still holds then you 'll buy back bitcoins but probably in a much higher price. If bitcoin collapses your hedging strategy saved you from the worst case scenario. Got it now?
The refund from KnC don't introdute a unique hedging strategy against bitcoin collpasing.


You're right, there is nothing unique about what I'm saying. I'm not sure where you got the idea that this was unique. I'm obviously having trouble understanding what you're trying to explain though. Why would I buy back BTC after 5 months? I would have a miner generating coins for me at the higher value and wouldn't need to buy back in. Let's suppose I'm able to mine 10 coins per Neptune, even though I spent 12. If the coins are valued at 1.2x what they were when I purchased the miner, I will profit in USD. If they are less than that, I could refund my order and buy the same number of bitcoins I started with or more.


well said. I also have same value in my mind. The best thing of course new miner could generate more you spent and the value itself increase at the same time. It would be more than double if that would be the case. I am betting this would happen.

one question, what's that KnC refund policy about?! can you send back the miner and ask for same amount of BTC back in terms of USD?!
NO, refunds are based on fiat equivalent, just as the purchase was
IMHO refunds are foolish, given the appreciation of the units themselves...
If you bought Gold @ spot price, and it increased in value..would you ask for a refund on the original purchase?  KNC units are like "Unobtainium"!  Grin
Most who bought October first run units, have long since recovered their BTC...
selling now is an outrageous gain on them.....  especially when applied to future units....   ...but what do I know....  I'm just an Ewok.

No one who understands how Bitpay works actually believes companies should issue refunds in BTC. I'm betting that you're right, which is why I'm not selling by upgraded Jupiter - even at $20k.


my guess, $20K is rubbish. You might double it within 2 years time!
jelin1984
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November 30, 2013, 05:55:24 PM
 #24520

Relax
Knc will be out again the 20nm miner
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