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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012652 times)
vesperwillow
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December 30, 2013, 07:37:39 PM
 #27001

They have corporate backers.

OhhH!!!  CORPORATE BACKERS!!!    they shall never fail!!!  all bow to the corporate temple which does no wrong

didn't they ALREADY miss their dates??   corporations have no peers in making excuses

Roll Eyes It doesn't mean they won't miss dates. It just means, unlike KNC or others, they will face legal issues if they fail. Which leads me to believe they likely won't fail to deliver the product as it is described.

FWIW they taped out on time IIRC, or within a few days of the original milestone.

KNC was late, by a month according to some of the original stakeholders. Nobody is perfect. KNC has done the best so far.

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December 30, 2013, 07:39:34 PM
 #27002

Once again... Total Bullshit.  I JUST got a refund on a Neptune.
And You are saying you had "Massive losses" out on a KNC purchase?
I think you may be in a "league of your own" there.... like the only one....   congratz

Just an observation, you have had better luck than most on this thread regarding interaction with KNC. I don't think it's an apples comparison at that point.

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December 30, 2013, 07:43:18 PM
 #27003

Just an observation, but Avenger has not had an RMA OR a refund, so has no right to comment on it.
Did you?  He's had his unit for how long? and claims massive losses?    gimme a break....  I don't believe a word of it.
The t&c also states refusal of refund from DELAYED DELIVERY is what's not allowed...
If I decided I don't like the color of the case........   ?
The point is... They ARE doing refunds up to the time of shipment, I just got one, and the statement was re-iterated to me by Lucy just yesterday.
This isn't a "Pissing contest"... it's what is actually going on, versus "Avengers opinion of what's going on", which simply isn't true.
If you asked for a refund right now, you will get it. Simple as that.
Is someone in here saying they just asked for a Nep refund, and was refused?  I think not!
Speak up if this happened to you.
He consistently gives out incorrect information as if it were absolutely true, whilst not actually knowing anything other than he's out on a mission to make KNC look bad in every post. I mean, I'm sittin' here looking at a $26,400.40 full refund on 2 Gen public batch Neps that doesn't exist then, right?
Oh, I'm special I guess...   I guess the Jupiters I snag up with the refund $ won't exist then either.
I'd like Him to mathematically show us how he lost out on his KNC purchase, That would be fun!


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December 30, 2013, 07:44:26 PM
 #27004

So, pissing contest aside, is there any information about the progression of the ASIC chip?  I understand that it's based on the present KnC ASIC IC so it's functionality would from that standpoint be expected but about the very sub-microscopic element of the new design - I read that the process in general suffers from unanticipated never before seen quantum effects at the atomic level.  If that's so then probably the fixes that seemed to have improved a competitors 65nm ASIC might be applicable but is there any worry on that score?  

Wouldn't it be a kick if as some kind of penance for success they've sold a process that some specialists could know as impossible.  That's a lot of btc that isn't going into other available mining gear.



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December 30, 2013, 07:55:10 PM
 #27005

Once HF (or XYZ Brand) has equipment flowing through the pipeline, it will continue to flow. Some folks here don't stop to realize that I suppose. KNC decided to shut off the orders and halt the pipeline, so I suppose some folks are used to the 'batch' mentality. HashFest, and other brands, aren't interested in stopping the pipeline. They're going to keep taking orders, and keep shipping, non-stop, once they have worked their bugs out.

That is not a good thing to "not stop the pipeline". That's why KnC has stuck to their Network Protection Statement, which to an extent, as best as they can, protect the mining profits of their customers. Any company who doesn't see this, is shooting themselves in the foot. Their customers won't see much of a return, because they're constantly flooding the market with hashing power, and their customers won't be likely to purchase from them again. Maybe companies without network-protection-like-statements don't give a shit about their customers?

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December 30, 2013, 08:00:32 PM
 #27006

Just an observation, but Avenger has not had an RMA OR a refund, so has no right to comment on it.
Did you?  He's had his unit for how long? and claims massive losses?    gimme a break....  I don't believe a word of it.

again...  you got free shit.   Why do you keep trying to relate to the 'little people' ?

selfishness can be a lonely island, deal with it


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December 30, 2013, 08:06:21 PM
 #27007

Once HF (or XYZ Brand) has equipment flowing through the pipeline, it will continue to flow. Some folks here don't stop to realize that I suppose. KNC decided to shut off the orders and halt the pipeline, so I suppose some folks are used to the 'batch' mentality. HashFest, and other brands, aren't interested in stopping the pipeline. They're going to keep taking orders, and keep shipping, non-stop, once they have worked their bugs out.

That is not a good thing to "not stop the pipeline". That's why KnC has stuck to their Network Protection Statement, which to an extent, as best as they can, protect the mining profits of their customers. Any company who doesn't see this, is shooting themselves in the foot. Their customers won't see much of a return, because they're constantly flooding the market with hashing power, and their customers won't be likely to purchase from them again. Maybe companies without network-protection-like-statements don't give a shit about their customers?

Looking from the angle of increasing the network security, speed of confirms as it grows, etc, etc it is beneficial to bitcoin. It is appropriate and is what the system needs in the long run. You need more and more hashpower as more and more it is used.

Relating to miners, no it'll suck over time. Which is why bitcoin has always been leading toward industrial mining. It will evolve. The time for individual/small-scale/home-mining to be valuable is nearing its end, I would say 2015 would be that marker. Unless/until BTC value skyrockets.

There is an end for the home market either way.

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December 30, 2013, 08:13:31 PM
 #27008

Just an observation, but Avenger has not had an RMA OR a refund, so has no right to comment on it.
Did you?  He's had his unit for how long? and claims massive losses?    gimme a break....  I don't believe a word of it.

again...  you got free shit.   Why do you keep trying to relate to the 'little people' ?

selfishness can be a lonely island, deal with it


What the hell does that have to do with refunds again?   Get real.
Who in here asked for a Nep refund and got refused?...
Name one...  get him in here


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December 30, 2013, 08:45:13 PM
 #27009

Status update for the refund on one of my three Neptunes:

  • 12/29 - 11:06pm ET: Sent email to sales@kncminer.com asking for refund
  • 12/29 - 11:06pm ET: Automated response confirming my request was received
  • 12/30 - 8:37AM ET: Kurt from KnC tells me that my order has been canceled as requested and he asks for my wire transfer info
  • 12/30 - 8:49AM ET: I respond to Kurt's request with my info and inquire about whether I can be refunded in the equivalent amount of bitcoin instead
  • 12/30 - 9:21AM ET: Kurt responds to confirm that the refund has been initiated to my bank account and that they do not offer refunds in bitcoin

I have no idea if/when the next sale for Jupiters may be, but it looks like the refund process is extremely quick! I'll update once more when I see the money in my bank account.

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December 30, 2013, 09:00:13 PM
 #27010

0.93 on both, had 0.94 on them but found HW was higher.

*snip* [/URL]

Just found this picture on ebay tonight dressed up with a note, even better claiming these are November units that just arrived at the beginning of December direct from that "Sweden company". Now I'm getting offers to Skype to provde they really are hashing..

Def not selling mine so looks like someone stole my pic. These are October day 1 miners with 8 vrms. Ask the seller for a pic showing them as 4 vrm models Wink
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December 30, 2013, 09:05:32 PM
 #27011

Status update for the refund on one of my three Neptunes:

  • 12/29 - 11:06pm ET: Sent email to sales@kncminer.com asking for refund
  • 12/29 - 11:06pm ET: Automated response confirming my request was received
  • 12/30 - 8:37AM ET: Kurt from KnC tells me that my order has been canceled as requested and he asks for my wire transfer info
  • 12/30 - 8:49AM ET: I respond to Kurt's request with my info and inquire about whether I can be refunded in the equivalent amount of bitcoin instead
  • 12/30 - 9:21AM ET: Kurt responds to confirm that the refund has been initiated to my bank account and that they do not offer refunds in bitcoin

I have no idea if/when the next sale for Jupiters may be, but it looks like the refund process is extremely quick! I'll update once more when I see the money in my bank account.

I sent an email on 26th to get an RMA for 2 damaged coolers and still nothing. It was a reply to an email that said: If you wish to return the damaged cooler then we can provide you with an RMA number and send a replacement.
Also on the 4th December I sent an email to Sam and nothing.

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December 30, 2013, 09:11:12 PM
 #27012

Status update for the refund on one of my three Neptunes:

  • 12/29 - 11:06pm ET: Sent email to sales@kncminer.com asking for refund
  • 12/29 - 11:06pm ET: Automated response confirming my request was received
  • 12/30 - 8:37AM ET: Kurt from KnC tells me that my order has been canceled as requested and he asks for my wire transfer info
  • 12/30 - 8:49AM ET: I respond to Kurt's request with my info and inquire about whether I can be refunded in the equivalent amount of bitcoin instead
  • 12/30 - 9:21AM ET: Kurt responds to confirm that the refund has been initiated to my bank account and that they do not offer refunds in bitcoin

I have no idea if/when the next sale for Jupiters may be, but it looks like the refund process is extremely quick! I'll update once more when I see the money in my bank account.

I sent an email on 26th to get an RMA for 2 damaged coolers and still nothing. It was a reply to an email that said: If you wish to return the damaged cooler then we can provide you with an RMA number and send a replacement.
Also on the 4th December I sent an email to Sam and nothing.
Cypher....Maybe you are emailing the wrong department?...    customerservice@kncminer.com
I get quick responses there.
r1senfa17h...   Thank you, plz keep us posted...


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December 30, 2013, 09:16:16 PM
 #27013

Status update for the refund on one of my three Neptunes:

  • 12/29 - 11:06pm ET: Sent email to sales@kncminer.com asking for refund
  • 12/29 - 11:06pm ET: Automated response confirming my request was received
  • 12/30 - 8:37AM ET: Kurt from KnC tells me that my order has been canceled as requested and he asks for my wire transfer info
  • 12/30 - 8:49AM ET: I respond to Kurt's request with my info and inquire about whether I can be refunded in the equivalent amount of bitcoin instead
  • 12/30 - 9:21AM ET: Kurt responds to confirm that the refund has been initiated to my bank account and that they do not offer refunds in bitcoin

I have no idea if/when the next sale for Jupiters may be, but it looks like the refund process is extremely quick! I'll update once more when I see the money in my bank account.

I sent an email on 26th to get an RMA for 2 damaged coolers and still nothing. It was a reply to an email that said: If you wish to return the damaged cooler then we can provide you with an RMA number and send a replacement.
Also on the 4th December I sent an email to Sam and nothing.
Maybe you are emailing the wrong department?...    customerservice@kncminer.com
I get quick responses there.

I have always emailed support@kncminer.com and it always works. They will probably reply after the holidays. I am not in a hurry anyway.

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
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December 30, 2013, 09:19:05 PM
 #27014

Status update for the refund on one of my three Neptunes:

  • 12/29 - 11:06pm ET: Sent email to sales@kncminer.com asking for refund
  • 12/29 - 11:06pm ET: Automated response confirming my request was received
  • 12/30 - 8:37AM ET: Kurt from KnC tells me that my order has been canceled as requested and he asks for my wire transfer info
  • 12/30 - 8:49AM ET: I respond to Kurt's request with my info and inquire about whether I can be refunded in the equivalent amount of bitcoin instead
  • 12/30 - 9:21AM ET: Kurt responds to confirm that the refund has been initiated to my bank account and that they do not offer refunds in bitcoin

I have no idea if/when the next sale for Jupiters may be, but it looks like the refund process is extremely quick! I'll update once more when I see the money in my bank account.

I sent an email on 26th to get an RMA for 2 damaged coolers and still nothing. It was a reply to an email that said: If you wish to return the damaged cooler then we can provide you with an RMA number and send a replacement.
Also on the 4th December I sent an email to Sam and nothing.
Maybe you are emailing the wrong department?...    customerservice@kncminer.com
I get quick responses there.

I have always emailed support@kncminer.com and it always works. They will probably reply after the holidays. I am not in a hurry anyway.
I give that address, because I've been in communication on it all thru the holidays, even at 2am sweden time I got responses... but..your choice.

last response was......Dec 29 19:42  (Sweden time)


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December 30, 2013, 09:21:17 PM
 #27015

I had done some calculations this morning that turn out to be wrong.  Someone was speculating on a $3000 price tag for January Jupiters.  I think that is a lowball figure if one considers the $13200 figure for late batch 1 Neptunes, of course the $205 shipping is non-refundable as is the Bitpay take.  That $12,995 is $4.33/GHs after a few months waiting while if January Jupiters go off at $3000 it's $5.45/GHs at a nominal 550GHs tho at a power penalty.

So, either the $12,995 was a blunder or the January Jupiters are going to come with a price tag well above $3000.

But then my calcs might be all wrong today - running treadmill watching Bering Sea Gold and next episode highlights show one of the miners being carried into hospital after opening a door to someone, spinning the cylinder of a revolver, putting it to his head and it discharging.  They were not rushing thru the hospital door.



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December 30, 2013, 09:24:12 PM
 #27016

I had done some calculations this morning that turn out to be wrong.  Someone was speculating on a $3000 price tag for January Jupiters.  I think that is a lowball figure if one considers the $13200 figure for late batch 1 Neptunes, of course the $205 shipping is non-refundable as is the Bitpay take.  That $12,995 is $4.33/GHs after a few months waiting while if January Jupiters go off at $3000 it's $5.45/GHs at a nominal 550GHs tho at a power penalty.

So, either the $12,995 was a blunder or the January Jupiters are going to come with a price tag well above $3000.
yeah, just a guess, I was thinking 3500-3700ish, but just a guess....


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December 30, 2013, 09:25:25 PM
 #27017

I had done some calculations this morning that turn out to be wrong.  Someone was speculating on a $3000 price tag for January Jupiters.  I think that is a lowball figure if one considers the $13200 figure for late batch 1 Neptunes, of course the $205 shipping is non-refundable as is the Bitpay take.  That $12,995 is $4.33/GHs after a few months waiting while if January Jupiters go off at $3000 it's $5.45/GHs at a nominal 550GHs tho at a power penalty.

So, either the $12,995 was a blunder or the January Jupiters are going to come with a price tag well above $3000.
yeah, just a guess, I was thinking 3500-3700ish, but just a guess....

I trust your guess.



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December 30, 2013, 09:36:24 PM
 #27018

Guys I didn't check the mining forum for a while now, allot of ASIC companies are around now, I know that this is the KNC thread so I was looking at Neptune (2nd batch) and I am not sure about buying, I don't know about all the companies that will be shipping soon neither the expected diff when KNC ships the 2nd batch but I want to know what do you think? is it worth it now to buy a KNC miner ? do you recommend another company (that will really ship and PLZ not BFL) and what is the expected diff rise till then ?

I didn't buy an ASIC miner I just held to my BTC (best decision ever) but now that ASIC chips are available and there is so much competition is it worth re-consideration ?
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December 30, 2013, 09:53:48 PM
 #27019

Once again... Total Bullshit.  I JUST got a refund on a Neptune.
Here's a DIRECT QUOTE from yesterday's e-mail ...    "No problem at all, the decision is always on you hehe, we promise refund up to shipment."

And You are saying you had "Massive losses" out on a KNC purchase?
I think you may be in a "league of your own" there.... like the only one....   congratz

He's not the only one though, I am still down 20btc from my initial investment in my October miner due to 3 week late delivery (end October).

In fact, if BTC price had not risen exponentially, then almost no one would have recovered their investment at this point.


Edit: Let me add that if I had gotten a refund at that point, I would have been down even more BTC. It was my bad decision to pay in BTC, but hindsight is always 20/20.
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December 30, 2013, 10:01:19 PM
 #27020

I had done some calculations this morning that turn out to be wrong.  Someone was speculating on a $3000 price tag for January Jupiters.  I think that is a lowball figure if one considers the $13200 figure for late batch 1 Neptunes, of course the $205 shipping is non-refundable as is the Bitpay take.  That $12,995 is $4.33/GHs after a few months waiting while if January Jupiters go off at $3000 it's $5.45/GHs at a nominal 550GHs tho at a power penalty.

So, either the $12,995 was a blunder or the January Jupiters are going to come with a price tag well above $3000.

But then my calcs might be all wrong today - running treadmill watching Bering Sea Gold and next episode highlights show one of the miners being carried into hospital after opening a door to someone, spinning the cylinder of a revolver, putting it to his head and it discharging.  They were not rushing thru the hospital door.

My November Jupiters were $4632.30 delivered to the US.  That's $4632.30/675 GH/s = $6.86 per GH/s.  The difficulty was 908M by the time they were up and running.  If KNC sells January Jupiters, they are likely to be up and running by the first week in Feb which will have a difficulty of ~2000M.  To make it the same deal as November Jupiters, given the doubling of difficulty, they would need to price them at half of what they sold for in November.  $4632.30/2 = $2316.15.  They said they would price them as competitively as possible so I think $3000 is generous.

As far as comparing November Jupiters to Q2 Neptunes, I think you start to see that the Neptunes are nowhere near as good a deal as Jupiters were.
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