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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012013 times)
xstr8guy
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December 17, 2013, 12:03:18 AM
 #26101


Because that's what Bitpay does for it's merchants.

https://bitpay.com/terms
Quote
Fees & Settlement.

Invoice Generation and Exchange Rate Guarantee. To create an invoice, you may post a request to BitPay to collect a specific amount in your local currency, such as dollars or euros, or in Bitcoin. BitPay will pull the exchange rate and provide the Bitcoin payment instructions to the purchaser. We guarantee the exchange rate to you as long as the purchaser pays within the proper time window after the invoice is created. Invoice timeout information is clearly displayed on each BitPay invoice. While we guarantee the exchange rate as long as the purchaser pays within such time window, you agree that you assume the volatility risk of your local currency or Bitcoin, as applicable. For instance, if you ask us to collect USD $150, and the purchaser sends the payment within the time window, we guarantee you will receive exactly USD $150, minus our fee, but do not guarantee the value of the U.S. dollar.



And why would a business that needs cash to fund its operations want to hold volatile BTC?  They can mine BTC if they want to gamble.

But they aren't stupid enough (I assume) to risk their business by keeping all sales revenue in BTC.  And if they want to speculate they can take a certain percentage of their profits and BUY BTC.

Merchants can receive settlement in their local currency with a guaranteed exchange rate, or keep the bitcoins, or a percentage split.

https://bitpay.com/bitcoin-direct-deposit

I doubt you know better than KNC if they take all USD or not  Roll Eyes

I don't want to argue with you.  You believe what you want to believe.  I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD.  Most likely they are using their local currencies, EUR or SEK.
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December 17, 2013, 12:10:48 AM
 #26102


Because that's what Bitpay does for it's merchants.

https://bitpay.com/terms
Quote
Fees & Settlement.

Invoice Generation and Exchange Rate Guarantee. To create an invoice, you may post a request to BitPay to collect a specific amount in your local currency, such as dollars or euros, or in Bitcoin. BitPay will pull the exchange rate and provide the Bitcoin payment instructions to the purchaser. We guarantee the exchange rate to you as long as the purchaser pays within the proper time window after the invoice is created. Invoice timeout information is clearly displayed on each BitPay invoice. While we guarantee the exchange rate as long as the purchaser pays within such time window, you agree that you assume the volatility risk of your local currency or Bitcoin, as applicable. For instance, if you ask us to collect USD $150, and the purchaser sends the payment within the time window, we guarantee you will receive exactly USD $150, minus our fee, but do not guarantee the value of the U.S. dollar.



And why would a business that needs cash to fund its operations want to hold volatile BTC?  They can mine BTC if they want to gamble.

But they aren't stupid enough (I assume) to risk their business by keeping all sales revenue in BTC.  And if they want to speculate they can take a certain percentage of their profits and BUY BTC.

Merchants can receive settlement in their local currency with a guaranteed exchange rate, or keep the bitcoins, or a percentage split.

https://bitpay.com/bitcoin-direct-deposit

I doubt you know better than KNC if they take all USD or not  Roll Eyes

I don't want to argue with you.  You believe what you want to believe.  I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD.  Most likely they are using their local currencies, EUR or SEK.

Logic and reason can equally dictate that they get 90% fiat and 10% BTC, because they are miners by heart and believe in the future of BTC.
Plus they made a s**t load of money, so 10% in BTC would not be classified as a big risk in their books Wink

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December 17, 2013, 12:24:26 AM
 #26103

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.

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December 17, 2013, 12:27:13 AM
 #26104

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.


I have no inside information, but I would hazard a guess at this week.

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December 17, 2013, 12:33:23 AM
 #26105

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.


Last week they said have your coins ready. So somewhere between last week and eternity. It means, have your coins ready.

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December 17, 2013, 12:37:04 AM
 #26106

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.


Last week they said have your coins ready. So somewhere between last week and eternity. It means, have your coins ready.
All,
Our first round Neptune products has now sold out.
We will be working with all of our suppliers to arrange another round of components so please keep an eye on our shop for future shipments of Neptune.
As it looks like our struggling competition may eventually ship before our Network protection period has finished, we may be in a position to release Jupiter’s and possibly upgrade cards which we will ship from stock.
If we do have more items to place in the shop for our 28nm range, we will announce this via one of our newsletters which will contain the time and date that they will go on sale. So keep some coins handy as we expect them to go quick.
A small note to say that bank transfers started on friday will be allowed. The status of your order will changed to paid when the transfer has arrived and been checked by our team.
Thanks KnC team
Friday?  Grin

I'd say that would be typical KNC. Take everyone's money on the last working day before Xmas, so they have everyone's money. Shipping - who care's? It makes no difference to KNC if they ship a week or a month later, as they prove time and time again. The only thing that matters is they have the money. Shipping late is their speciality, even with boards they have in stock.

In other news, Sam has been spotted Xmas shopping for some new wheels  Grin


"I am not The Avenger"
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xstr8guy
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December 17, 2013, 12:52:29 AM
 #26107


Because that's what Bitpay does for it's merchants.

https://bitpay.com/terms
Quote
Fees & Settlement.

Invoice Generation and Exchange Rate Guarantee. To create an invoice, you may post a request to BitPay to collect a specific amount in your local currency, such as dollars or euros, or in Bitcoin. BitPay will pull the exchange rate and provide the Bitcoin payment instructions to the purchaser. We guarantee the exchange rate to you as long as the purchaser pays within the proper time window after the invoice is created. Invoice timeout information is clearly displayed on each BitPay invoice. While we guarantee the exchange rate as long as the purchaser pays within such time window, you agree that you assume the volatility risk of your local currency or Bitcoin, as applicable. For instance, if you ask us to collect USD $150, and the purchaser sends the payment within the time window, we guarantee you will receive exactly USD $150, minus our fee, but do not guarantee the value of the U.S. dollar.



And why would a business that needs cash to fund its operations want to hold volatile BTC?  They can mine BTC if they want to gamble.

But they aren't stupid enough (I assume) to risk their business by keeping all sales revenue in BTC.  And if they want to speculate they can take a certain percentage of their profits and BUY BTC.

Merchants can receive settlement in their local currency with a guaranteed exchange rate, or keep the bitcoins, or a percentage split.

https://bitpay.com/bitcoin-direct-deposit

I doubt you know better than KNC if they take all USD or not  Roll Eyes

I don't want to argue with you.  You believe what you want to believe.  I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD.  Most likely they are using their local currencies, EUR or SEK.

Logic and reason can equally dictate that they get 90% fiat and 10% BTC, because they are miners by heart and believe in the future of BTC.
Plus they made a s**t load of money, so 10% in BTC would not be classified as a big risk in their books Wink

Well now you're taking my side of the argument, lol.  What you were saying before made it sound like you implying that  they kept all revenue in bitcoin form.  Or maybe I was reading to much into what you meant.  Like those clowns in the HashFast thread thinking they would be refunded the same amount of Bitcoin they initially invested.

Let's agree on one thing... Neither of us actually know what KNC is doing.  Wink
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December 17, 2013, 12:59:43 AM
 #26108


Because that's what Bitpay does for it's merchants.

https://bitpay.com/terms
Quote
Fees & Settlement.

Invoice Generation and Exchange Rate Guarantee. To create an invoice, you may post a request to BitPay to collect a specific amount in your local currency, such as dollars or euros, or in Bitcoin. BitPay will pull the exchange rate and provide the Bitcoin payment instructions to the purchaser. We guarantee the exchange rate to you as long as the purchaser pays within the proper time window after the invoice is created. Invoice timeout information is clearly displayed on each BitPay invoice. While we guarantee the exchange rate as long as the purchaser pays within such time window, you agree that you assume the volatility risk of your local currency or Bitcoin, as applicable. For instance, if you ask us to collect USD $150, and the purchaser sends the payment within the time window, we guarantee you will receive exactly USD $150, minus our fee, but do not guarantee the value of the U.S. dollar.



And why would a business that needs cash to fund its operations want to hold volatile BTC?  They can mine BTC if they want to gamble.

But they aren't stupid enough (I assume) to risk their business by keeping all sales revenue in BTC.  And if they want to speculate they can take a certain percentage of their profits and BUY BTC.

Merchants can receive settlement in their local currency with a guaranteed exchange rate, or keep the bitcoins, or a percentage split.

https://bitpay.com/bitcoin-direct-deposit

I doubt you know better than KNC if they take all USD or not  Roll Eyes

I don't want to argue with you.  You believe what you want to believe.  I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD.  Most likely they are using their local currencies, EUR or SEK.

Logic and reason can equally dictate that they get 90% fiat and 10% BTC, because they are miners by heart and believe in the future of BTC.
Plus they made a s**t load of money, so 10% in BTC would not be classified as a big risk in their books Wink

Well now you're taking my side of the argument, lol.  What you were saying before made it sound like you implying that  they kept all revenue in bitcoin form.  Or maybe I was reading to much into what you meant.  Like those clowns in the HashFast thread thinking they would be refunded the same amount of Bitcoin they initially invested.

Let's agree on one thing... Neither of us actually know what KNC is doing.  Wink

Never said or implied that.
You said that "KNC don't give a crap about the price of BTC" which implies they don't get or own any BTC.

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xstr8guy
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December 17, 2013, 01:18:56 AM
 #26109


Because that's what Bitpay does for it's merchants.

https://bitpay.com/terms
Quote
Fees & Settlement.

Invoice Generation and Exchange Rate Guarantee. To create an invoice, you may post a request to BitPay to collect a specific amount in your local currency, such as dollars or euros, or in Bitcoin. BitPay will pull the exchange rate and provide the Bitcoin payment instructions to the purchaser. We guarantee the exchange rate to you as long as the purchaser pays within the proper time window after the invoice is created. Invoice timeout information is clearly displayed on each BitPay invoice. While we guarantee the exchange rate as long as the purchaser pays within such time window, you agree that you assume the volatility risk of your local currency or Bitcoin, as applicable. For instance, if you ask us to collect USD $150, and the purchaser sends the payment within the time window, we guarantee you will receive exactly USD $150, minus our fee, but do not guarantee the value of the U.S. dollar.



And why would a business that needs cash to fund its operations want to hold volatile BTC?  They can mine BTC if they want to gamble.

But they aren't stupid enough (I assume) to risk their business by keeping all sales revenue in BTC.  And if they want to speculate they can take a certain percentage of their profits and BUY BTC.

Merchants can receive settlement in their local currency with a guaranteed exchange rate, or keep the bitcoins, or a percentage split.

https://bitpay.com/bitcoin-direct-deposit

I doubt you know better than KNC if they take all USD or not  Roll Eyes

I don't want to argue with you.  You believe what you want to believe.  I'll use logic and reason and come to my own conclusion.

Btw, I'm not assuming that they are exchanging to USD.  Most likely they are using their local currencies, EUR or SEK.

Logic and reason can equally dictate that they get 90% fiat and 10% BTC, because they are miners by heart and believe in the future of BTC.
Plus they made a s**t load of money, so 10% in BTC would not be classified as a big risk in their books Wink

Well now you're taking my side of the argument, lol.  What you were saying before made it sound like you implying that  they kept all revenue in bitcoin form.  Or maybe I was reading to much into what you meant.  Like those clowns in the HashFast thread thinking they would be refunded the same amount of Bitcoin they initially invested.

Let's agree on one thing... Neither of us actually know what KNC is doing.  Wink

Never said or implied that.
You said that "KNC don't give a crap about the price of BTC" which implies they don't get or own any BTC.

You've edited out the most significant part of that quote...

Why does everyone seem to think the exchange rate of BTC will have anything to do with the release of a 3rd batch?  KNC don't give a crap about the price of BTC!...

I simply meant that KNC aren't going to time their release of the next batch with a BTC high or low.  They aren't going to judge profitability on the price of BTC since they instantly convert to fiat at the time of sale.

And yes, I suppose they do believe in BTC but any business would be foolish to keep all of their funds in BTC when it's completely unnecessary.  They are mining themselves and they can certainly speculate and buy BTC on the market as well without risking their entire business to a highly volatile currency.
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December 17, 2013, 01:50:10 AM
 #26110

So I have one november jupiter that refuses to stay on. Tried each individual ASIC separately, no dice, tried swapping the 1500w EVGA with a 860W Corsair, corsair didnt even turn it on (fans spun up but BBB no lights). Anyone got any ideas?
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December 17, 2013, 02:15:28 AM
 #26111

Strange though we don't hear anything from KNC about ANYTHING until some news about other companies coming out with a possible delivery. I bet that made KNC's head turn a little bit...so much they had to make a news annoucement in advertising selling hardware again. Pretty soon we will have other companies to finally choose from and won't be locked to a mouse quiet KNC. Even to this day, have they helped anyone on their own forum? Even after saying they would provide that support. It will definitely make me think twice if I buy any more hardware.

KNC will have ZERO 28nm competition until March/April.  All of the other companies have committed to multiple batches that won't finish shipping until then.  And until then, KNC will be they only vendor able to ship from stock if they so choose.

"First to market" is a massive advantage for KNC and you can bet that they will take full advantage of it.
I was thinking KNC would be on Neptune 20nm by then, and there simply is no competition....  Wink


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LetItRide
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xstr8guy
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December 17, 2013, 05:07:37 AM
 #26112

Strange though we don't hear anything from KNC about ANYTHING until some news about other companies coming out with a possible delivery. I bet that made KNC's head turn a little bit...so much they had to make a news annoucement in advertising selling hardware again. Pretty soon we will have other companies to finally choose from and won't be locked to a mouse quiet KNC. Even to this day, have they helped anyone on their own forum? Even after saying they would provide that support. It will definitely make me think twice if I buy any more hardware.

KNC will have ZERO 28nm competition until March/April.  All of the other companies have committed to multiple batches that won't finish shipping until then.  And until then, KNC will be they only vendor able to ship from stock if they so choose.

"First to market" is a massive advantage for KNC and you can bet that they will take full advantage of it.
I was thinking KNC would be on Neptune 20nm by then, and there simply is no competition....  Wink

The bolded sentence simply means that no other 28nm competitor will be selling units from stock like KNC could theoretically do if they wanted.  All other competitors are committed to fulfilling preorder batches until March/April.
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December 17, 2013, 05:14:03 AM
 #26113

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.

Given their stated reasoning for releasing another batch, I would expect them to wait until a competitor actually ships something.

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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December 17, 2013, 05:18:37 AM
 #26114

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.

Given their stated reasoning for releasing another batch, I would expect them to wait until a competitor actually ships something.

HashFast has to be damn close by now.  Right?
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December 17, 2013, 07:07:43 AM
 #26115

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.


Given their past pricing trend I am expecting the new batch to be anywhere between USD 2995-3995

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December 17, 2013, 07:08:27 AM
 #26116

Phoenix:

Not having a go here, I assure you. Just wondering, because I'd like to know where to rank what you say.

In the past, because I follow this board, I've seen your ... hundreds of posts.
Some have been helpful, and I found some, like I'm sure a lot here did - kind of hilarious, as we watched you stumble through trying to set up your first saturn and posting here every 10 minutes ... then, the more recent "humblebrags" that have served to make some people angry.

That said, some of you stuff has been genuinely helpful.

But, to my question:
Can you disclose the nature of your relationship with KNC please? Like, fully? ... ie: what discounts you may or may not have gotten, etc?

Again, not having a go at you .... just wondering what weight to put on what you say. And, I don't mean that negatively. Like, I envy your close relationship. Same as I envy bitcoinorama for stepping up like he did. He earned his rep here as a solid dude, and his position shouldn't be begrudged.

At any rate, genuinely curious, not trying to be a dick. Feel free to PM, if you'd rather do that.

- Canadian early Oct. Jup owner, for the record.
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December 17, 2013, 07:10:54 AM
 #26117

I hope that KNC sells their premined miners for BTC only. Show some love for the btc faithful, not just those who mine and cash out to fiat immediately.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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December 17, 2013, 07:31:48 AM
 #26118

https://www.kncminer.com/news/news-73

they say they will release jupiters for sale.

Warning about Nitrogensports.eu
https://bitcointalk.org/index.php?topic=709114.0
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December 17, 2013, 07:35:47 AM
 #26119

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.


Given their past pricing trend I am expecting the new batch to be anywhere between USD 2995-3995

fingers crossed!

if i've helped you, donations welcome: 1BwGnrqSjbfJ39mTNrvb257eUSuUP7Pfxh
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December 17, 2013, 07:39:58 AM
 #26120

Anyone have an inside scoop of when KNC will possibly list Jupiters? It will be Christmas in 11 days, then New Year's so anything to do with shipping will be delayed or who knows what. Are they thinking of releasing maybe this week, the next? I'm probably positive someone must have called them to ask. And most likely wouldn't post that "secret" info here.


Given their past pricing trend I am expecting the new batch to be anywhere between USD 2995-3995

fingers crossed!


yeah pricing at the last module price would be iffy to buy imho ...right now my Jupiter at 555.2gh is making around .26 coin a day so at 1000 bucks a 144gh module ..er imho that won't fly..but then again people betting on bitcoin price rises maybe it would


Searing

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