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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011293 times)
vesperwillow
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December 28, 2013, 03:25:41 AM
 #26861

Whynot just buy coins instead of doing a bank wire? A lot easier.

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December 28, 2013, 03:34:51 AM
 #26862

Whynot just buy coins instead of doing a bank wire? A lot easier.

It's not that easy to deposit money in an exchange to buy bitcoin.  A wire is much less difficult.  I personally just buy mining gear with the coins I earn.  If I don't have enough coin, then I don't buy.
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December 28, 2013, 03:37:02 AM
 #26863

Whynot just buy coins instead of doing a bank wire? A lot easier.

It's not that easy to deposit money in an exchange to buy bitcoin.  A wire us much less difficult.  I personally just buy mining gear with the coins I earn.  If I don't have enough coin, then I don't buy.

I log in to coinbase, input how much I want to buy and press a button. Within 2-3 days (quicker depending on verification level) it's in my wallet. What's easier is buying from the BTC I have, and using the Coinbase amount to resupply. Baddabing, you're done. Instant transfer, just the way BTC was meant.

So yeah, it really is that easy. I suppose if you use other exchange methods perhaps it's more difficult.

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December 28, 2013, 04:48:31 AM
 #26864

I was talking in reference to the folks looking to buy into the new batches opening up this week, as some had expressed concerns.

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December 28, 2013, 04:50:56 AM
 #26865

I was talking in reference to the folks looking to buy into the new batches opening up this week, as some had expressed concerns.
Any particular reason you think they are opening up this week?
Just curious..


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vesperwillow
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December 28, 2013, 05:11:00 AM
 #26866

I was talking in reference to the folks looking to buy into the new batches opening up this week, as some had expressed concerns.
Any particular reason you think they are opening up this week?
Just curious..

Call it a strong hunch, nothing more. Whether it's this week or next or 3 weeks.. folks should be prepared. Better early than late.

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December 28, 2013, 05:13:08 AM
 #26867

I've been trying to determine if the next unconfirmed batch of Jupiters will be worth buying and want to share my estimates. Please keep in mind that my goal is to be somewhere between pessimistic and realistic.

Assumptions:
  • Next batch will be delivered by the first week of February 2014
  • Hash rate will by 670GH/s
  • Difficulty will increase at 25% per adjustment for the lifetime of the Jupiter
  • Shipping costs will be $136.80 (based on previous Jupiter shipments)
  • Power supply will cost $200
  • Power consumption will be 900W @ $0.15/kWh
  • $700/BTC
  • No VAT or customs fees (I'm in the US)

Using the above assumptions, the next batch of Jupiters should generate 8.52 BTC before becoming unprofitable based on this calculator. Subtract the electric costs and the remaining BTC will be worth $5340.95 @ $700/BTC.

tl;dr - I think the next batch of Jupiters need to be priced below $4,995 to be profitable.


my guess is the price will be $3500....any more then that and KNC does its usual miracle and gets the Neptune out beginning of april ..can't see it as worth it...

also was pointed out to me by phoenix1969 that the jupiters if they are flushed into the wild are "in stock" ie no refunds likely on those if they can flush them out the door..ie can't change your mind probably if you buy them 1st week of jan and they come out last week of feb or some such

my 2c worth
Searing

p.s. but yeah at 3500 bucks before feb 1st I'd be tempted....

I'm confident they'll be cheaper than the $5k November pricing. The upgrade modules were $950 each, which would have placed the cheapest Jupiter equivalent at $3,800 plus case/fans/controller/BBB. I'm expecting the next Jupiters to be below that cost. I would be highly surprised if they were priced over $3995.

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Searing
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December 28, 2013, 05:41:20 AM
 #26868

Quote from: r1senfa17h on December 27, 2013, 02:22:17 PM

[/quote]
I'm confident they'll be cheaper than the $5k November pricing. The upgrade modules were $950 each, which would have placed the cheapest Jupiter equivalent at $3,800 plus case/fans/controller/BBB. I'm expecting the next Jupiters to be below that cost. I would be highly surprised if they were priced over $3995.
[/quote]

Ack! 4k is imho TOO MUCH may just punt and hope for the usual KNC early delivery to save me on the Neptunes on order.... $3.5k maybe be my max on this adventure in upgrades.
 
Searing




Quote from: faetos on Today at 12:55:20 AM

[/quote]
Searing, you have some of the craziest posts sometimes. Smiley
[/quote]

Well if I was 'sane' I sure as heck would not be here..nor in bitcoin probably....would have my $$$ in a sock....

Searing


I was talking in reference to the folks looking to buy into the new batches opening up this week, as some had expressed concerns.


ack!...this week.....the swedes are "Fiends" at making me do these decisions in the middle of a 'holiday' week (of course if after jan 1st all you married guys (and me) can blame it on too much drink from new years..there you go instant excuse to run amuck on knc miners....

a week..crap...now I have to think hard on if to do this...(brain hurts bitcoin hard ugh)

Searing

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December 28, 2013, 05:44:22 AM
 #26869

Yea, we were told to hold some coins and all that. Where are those Jupiters? By the time they annouce them, they will be $1000 each.


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December 28, 2013, 06:52:31 AM
 #26870

Is there anyone from Canada who has bought from KnC Miner here? I am curious to know if KnC Miner has their own broker or if UPS uses their own, basically I am interested in what the fee was for people on the last batch of miner who had them shipped to Canada?

It's nice to see the Neptune's drop by 3 or 4k. Smiley

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December 28, 2013, 07:19:42 AM
 #26871

wht sells again?

like i say knc is kidding with us and our money

where network protection

where is 3000$ more other batch now is 10000

3600 machines

maybe are right calculation by other member we only get 7 bitcoins

mining is out control



You have to keep in mind that with all smaller companies there is always going to be some kind of overhead operating and R&D cost that is included in the first release (or in this case first batch) of the newer product. Once they have a solid understanding how everything is going to work the newer releases end up being cheaper to produce as they don't need to acquire more moneys for R&D and their operating cost. Is this a bad business practice? No, it's normal business practices for a copy this size, if they were the size of IBM say then yes it would be bad business practice as they would be able to acquire the costs from other products and services they offer.
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December 28, 2013, 07:24:46 AM
 #26872

Yea, we were told to hold some coins and all that. Where are those Jupiters? By the time they annouce them, they will be $1000 each.




well screw it if it ..if wire xfer is not allowed i'll probably pass.....esp. if they announce the last week of the year on this no time for buy sell bitcoin etc etc anyway..

it was 1 for me and 1 for each of the brothers total of 3 Jupiters at worst anyway ..will not break the bank...

again we have 1 batch 1 Neptune and 1 batch 2 Neptune...the brothers have now caught the bitcoin bug since thanksgiving and wanted to order another
from batch 3 Neptune..but honestly with cointerrra and hashfast and bfl prob 3 months late and the neptunes all coming on board..I .just an't brave enough ..this is new tech
is 20mm and they an't built yet and the old Q1/Q2 statement it could get ugly....(could even get cold feet on the 2nd batch Neptune) ...alas coward I am.....sigh...

we also mine who quiver and waiver don't ya know

so wire xfer we can each take say a 3.5k gamble if we get them before feb 1st more or less......

if no wire xfer I will just sit on my a*s and hope/wait knc does its usual miracle and get them neptunes to us in Q1 at the latest.

by the time the Neptunes get here I should have close to 45 coin....so nothing wrong with holding and watching....spring is gonna be kinda nuts imho ...disturbingly I am in this for the long term...it either works...or I'll have some nice bitcoin paper wallet wall art behind the Bennie babies....ie good life lesson huh?

ah well....

Searing


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December 28, 2013, 07:45:15 AM
 #26873

I've been trying to determine if the next unconfirmed batch of Jupiters will be worth buying and want to share my estimates. Please keep in mind that my goal is to be somewhere between pessimistic and realistic.

Assumptions:
  • Next batch will be delivered by the first week of February 2014
  • Hash rate will by 670GH/s
  • Difficulty will increase at 25% per adjustment for the lifetime of the Jupiter
  • Shipping costs will be $136.80 (based on previous Jupiter shipments)
  • Power supply will cost $200
  • Power consumption will be 900W @ $0.15/kWh
  • $700/BTC
  • No VAT or customs fees (I'm in the US)

Using the above assumptions, the next batch of Jupiters should generate 8.52 BTC before becoming unprofitable based on this calculator. Subtract the electric costs and the remaining BTC will be worth $5340.95 @ $700/BTC.

tl;dr - I think the next batch of Jupiters need to be priced below $4,995 to be profitable.


my guess is the price will be $3500....any more then that and KNC does its usual miracle and gets the Neptune out beginning of april ..can't see it as worth it...

also was pointed out to me by phoenix1969 that the jupiters if they are flushed into the wild are "in stock" ie no refunds likely on those if they can flush them out the door..ie can't change your mind probably if you buy them 1st week of jan and they come out last week of feb or some such

my 2c worth
Searing

p.s. but yeah at 3500 bucks before feb 1st I'd be tempted....

I'm confident they'll be cheaper than the $5k November pricing. The upgrade modules were $950 each, which would have placed the cheapest Jupiter equivalent at $3,800 plus case/fans/controller/BBB. I'm expecting the next Jupiters to be below that cost. I would be highly surprised if they were priced over $3995.

November price was $4500 if you pay with bitcoin....

Smiley

The new ones will be in january. 4500 - 3x500 = 3000. That should be the price.

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December 28, 2013, 08:02:43 AM
 #26874

They will ship from stock and be priced competitively I'm sure once HashFast officially launches to their first customers.  No point in shipping until HashFast seems to finally be the real deal.  People there are still waiting on their shit.  Amazing.

Is anyone here mining alts?  How does a person set up their own private pool?  The alts seem so scammy but I'm still curious about them.
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December 28, 2013, 12:31:53 PM
 #26875

errors on eligius continues ?

looking job
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December 28, 2013, 01:43:55 PM
 #26876

I've been trying to determine if the next unconfirmed batch of Jupiters will be worth buying and want to share my estimates. Please keep in mind that my goal is to be somewhere between pessimistic and realistic.

Assumptions:
  • Next batch will be delivered by the first week of February 2014
  • Hash rate will by 670GH/s
  • Difficulty will increase at 25% per adjustment for the lifetime of the Jupiter
  • Shipping costs will be $136.80 (based on previous Jupiter shipments)
  • Power supply will cost $200
  • Power consumption will be 900W @ $0.15/kWh
  • $700/BTC
  • No VAT or customs fees (I'm in the US)

Using the above assumptions, the next batch of Jupiters should generate 8.52 BTC before becoming unprofitable based on this calculator. Subtract the electric costs and the remaining BTC will be worth $5340.95 @ $700/BTC.

tl;dr - I think the next batch of Jupiters need to be priced below $4,995 to be profitable.


my guess is the price will be $3500....any more then that and KNC does its usual miracle and gets the Neptune out beginning of april ..can't see it as worth it...

also was pointed out to me by phoenix1969 that the jupiters if they are flushed into the wild are "in stock" ie no refunds likely on those if they can flush them out the door..ie can't change your mind probably if you buy them 1st week of jan and they come out last week of feb or some such

my 2c worth
Searing

p.s. but yeah at 3500 bucks before feb 1st I'd be tempted....

I'm confident they'll be cheaper than the $5k November pricing. The upgrade modules were $950 each, which would have placed the cheapest Jupiter equivalent at $3,800 plus case/fans/controller/BBB. I'm expecting the next Jupiters to be below that cost. I would be highly surprised if they were priced over $3995.

November price was $4500 if you pay with bitcoin....

Smiley

The new ones will be in january. 4500 - 3x500 = 3000. That should be the price.

Good point! I completely forgot about the BTC discount.

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December 28, 2013, 01:50:58 PM
 #26877

They will ship from stock and be priced competitively I'm sure once HashFast officially launches to their first customers.  No point in shipping until HashFast seems to finally be the real deal.  People there are still waiting on their shit.  Amazing.

Is anyone here mining alts?  How does a person set up their own private pool?  The alts seem so scammy but I'm still curious about them.

Looks like HF is closer than ever now and they appear to have a much faster machine than advertised according to the Eligius address they're using. I still feel bad for those who ordered from batch 1 since it would take 1532Gh/s on Jan 1st to equal the 400gh/s they were promised on October 20th. Regardless, they'll likely start shipping on Monday, which may prompt KnC to take action and sell us more stuff.

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December 28, 2013, 02:52:29 PM
 #26878

They will ship from stock and be priced competitively I'm sure once HashFast officially launches to their first customers.  No point in shipping until HashFast seems to finally be the real deal.  People there are still waiting on their shit.  Amazing.

Is anyone here mining alts?  How does a person set up their own private pool?  The alts seem so scammy but I'm still curious about them.

Looks like HF is closer than ever now and they appear to have a much faster machine than advertised according to the Eligius address they're using. I still feel bad for those who ordered from batch 1 since it would take 1532Gh/s on Jan 1st to equal the 400gh/s they were promised on October 20th. Regardless, they'll likely start shipping on Monday, which may prompt KnC to take action and sell us more stuff.
They've already taken action - they are selling the machine they sold for 13k for 10k now  Cheesy

It's desperation, as they see they were far too greedy with the 13k price tag. People are beginning to see knobtune is a dead duck. Competition already have the tech now knc are promising in Q2/Q3. knc are just desperately want to take any cash they can get their hands on.

That said, since I spelled out that the short term gain of selling new Jupiturds will burn their knobtune sales in the long run, they may not even sell a new batch. A few jups now is worth a helluva lot more than some faulty beta device in Q2/Q3 and you know it'll lead to mass knobtunes refunds if people could order jups now instead. Or of course they could make it impossible to get a refund on knobtune and *then* release Jups? That is certainly possible, I wouldn't put it past kfc to pull this sneaky stunt.

And regardless of any of the misleading bs posted here, there are only two batches:
First batch - 10k, which was open to previous customers
Second batch - 13k, open to all, delivery one month after first batch

The current 10k ones on sale on the knc website are the *same* second batch people paid 13k for! Yeah - if you paid 13k, you were f-ed in the a44.

This is why knc have not advertised this sale - they don't want to have to refund the extra 3k they've taken from people. They hope people will be misled into thinking it's another batch. It's not and don't believe anyone who tells you it is. The clue is in the title "Neptune Second Batch" and description "This order is for the second batch which will leave about one month after the first batch".

P.S. My next prediction is when they will shut the refund window on knobtunes? I guess not that far away, they need to lock that cash in when people realise they are going to mine diddly when they ship. March? April? Or earlier? I originally thought April, but now the competition has arrived and knc are getting scared, you'd have to guess earlier.

Very important to note that the "All refunds will be refunded in dollars and you can refund up to shipment" has been removed from all newsletters related to knobtune. I knew this was coming ^ . What does that signal??

You can be 100% sure they are about to slam the refunds door shut and your money will be locked away. There is no way they will start the NRE, sink that money and allow people to still get refunds. Everyone was locked in this year in Jupiter orders by their own choice, because there was no competition. So knc didn't need to refuse refunds up until people really started to get cold feet in September, (which is when they did their "no more changes possible" newsletter and started their downward spiral of blatant lying to customers).

But this time there is major competition and you can be 100% sure "no refunds" is on the way very soon. Much sooner than I expected - you'd have to guess in the next couple of weeks. It just needs a trigger. That will probably be when people get back from holiday and realise they paid 13k for something that is only 10k and start asking knc for the 3k back. I imagine that is when the cash will be locked away until knc can fumble out some beta junk sometime in 2014. I am one happy Avenger that knc don't have any of my cash this time. And I'm looking forward to the new year fireworks!  Wink

"I am not The Avenger"
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helmax
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December 28, 2013, 03:12:48 PM
 #26879

no one understand why pay 13k and now is 10k

kidding with our money

looking job
davewr2013
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December 28, 2013, 03:26:22 PM
 #26880

no one understand why pay 13k and now is 10k

kidding with our money

Because -- boxes delivered later are worth less because they will mine less coin.

The selling price is set by KNC as to be representative of what they will accomplish. They are not doing a normal markup/margin.

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