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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011667 times)
faetos
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gotta let a coin be a coin


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January 04, 2014, 10:31:48 PM
 #27341

Here's a blatant divergence from the thread.  What the author describes should be good for Bitcoin however.  He get annoyed at Happy New Years wishes and decries disasters that might befall the world and the US in the coming year.  When he gets to the US economy he postulates:

"  But even sooner than a nuclear disaster, we may be facing an even more critical economic disaster -- the catastrophic loss of the dollar’s unique position as the international reserve currency. This is imminent, according to leading economic and political analysts, and would trigger a total collapse of the U.S. banking system, generating explosive financial panic as we are subjected – not only to massive inflation – but also the immediate seizure by failing banks of all our deposits: checking accounts, savings accounts, Certificates of Deposit (CDs), money market funds, pensions, and any other liquid assets. Can failing banks really seize our money “just like that”? Yep, just like that. It is perfectly legal; the enabling “bail-in” laws have already been put on the books in the U.S. and Europe (did you sleep through that?).

 

And don’t think the FDIC  will protect your deposits up to the $250,000 limit promised by this agency. For when the failing banks seize your deposits, they will convert your money into stock in their failed institutions, rendering you “legally compensated” for your loss, and therefore not entitled to reimbursement  by the FDIC. Not that it will matter because, by that time, the FDIC will be bankrupt, since it has reserves of only $25 billion, whereas the seized deposits requiring compensation would likely exceed $25 trillion. And even if the FDIC could lay its hands on $25 trillion (fat chance, since this is nearly twice the entire Gross Domestic Product of the United States), another statute now  on the books, namely the Bankruptcy Reform Act of 2005, which was arm-twisted into law by Citigroup, JP Morgan, Chase,  Wells Fargo and the rest of the usual suspects (bet you slept through that, too), compels the FDIC to give preference to derivatives counter-parties over mere depositors like yourself, whose claims for reimbursement could exceed $600 trillion – or more than the GDP of the entire world economy. "



And this is why I constantly cash my money out of my accounts and then trade that money for gold. Put the gold into a safe in my home that isn't going anywhere. I'd rather have gold any day over real money. Let the US banks fall and crash. This country really needs a good restart. It is the banking industry that is killing this country to being with. They'll stop at nothing to keep their profits high and when they start losing just a little bit or make a little less profit they go crying like babies and threaten the people with dooms day bullshit. This country unfortunately is ran by greed, not capitalism. But then again, both are the same.

I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley



If the entire economy goes belly up I'm not sure what would have more value down here in the deep south, gold or $20 rolls of quarters.
You could trade possum skins and tobaccy.
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January 04, 2014, 11:58:22 PM
 #27342

Here's a blatant divergence from the thread.  What the author describes should be good for Bitcoin however.  He get annoyed at Happy New Years wishes and decries disasters that might befall the world and the US in the coming year.  When he gets to the US economy he postulates:

"  But even sooner than a nuclear disaster, we may be facing an even more critical economic disaster -- the catastrophic loss of the dollar’s unique position as the international reserve currency. This is imminent, according to leading economic and political analysts, and would trigger a total collapse of the U.S. banking system, generating explosive financial panic as we are subjected – not only to massive inflation – but also the immediate seizure by failing banks of all our deposits: checking accounts, savings accounts, Certificates of Deposit (CDs), money market funds, pensions, and any other liquid assets. Can failing banks really seize our money “just like that”? Yep, just like that. It is perfectly legal; the enabling “bail-in” laws have already been put on the books in the U.S. and Europe (did you sleep through that?).

 

And don’t think the FDIC  will protect your deposits up to the $250,000 limit promised by this agency. For when the failing banks seize your deposits, they will convert your money into stock in their failed institutions, rendering you “legally compensated” for your loss, and therefore not entitled to reimbursement  by the FDIC. Not that it will matter because, by that time, the FDIC will be bankrupt, since it has reserves of only $25 billion, whereas the seized deposits requiring compensation would likely exceed $25 trillion. And even if the FDIC could lay its hands on $25 trillion (fat chance, since this is nearly twice the entire Gross Domestic Product of the United States), another statute now  on the books, namely the Bankruptcy Reform Act of 2005, which was arm-twisted into law by Citigroup, JP Morgan, Chase,  Wells Fargo and the rest of the usual suspects (bet you slept through that, too), compels the FDIC to give preference to derivatives counter-parties over mere depositors like yourself, whose claims for reimbursement could exceed $600 trillion – or more than the GDP of the entire world economy. "



And this is why I constantly cash my money out of my accounts and then trade that money for gold. Put the gold into a safe in my home that isn't going anywhere. I'd rather have gold any day over real money. Let the US banks fall and crash. This country really needs a good restart. It is the banking industry that is killing this country to being with. They'll stop at nothing to keep their profits high and when they start losing just a little bit or make a little less profit they go crying like babies and threaten the people with dooms day bullshit. This country unfortunately is ran by greed, not capitalism. But then again, both are the same.

I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley



If the entire economy goes belly up I'm not sure what would have more value down here in the deep south, gold or $20 rolls of quarters.
You could trade possum skins and tobaccy.

Plenty of possum.  Close up the coop at night as possum will rip the heads off chickens, at least that's what I'm told.  Tobacacco?  raised 20 or 30 plants some years ago.  Still have the tobacco.  Figured now that it's almost all grown elsewhere in the world, not here for the major cigarette companies, who know what kind of chemicals they use.  Not using it tho.  Yes, gold or twenty dollar rolls of quarters, reminds me of http://www.amazon.com/The-Crash-Paul-Emil-Erdman/dp/0671223658 The Crash of '79.  Short term radiation nukes to take out the population of oil kingdoms, landlord nukes kill people leave the infrastructure, but it went tits up.



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Bitcoinorama
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January 05, 2014, 12:08:39 AM
 #27343

I'm surprised no one's wished Bitcoin a happy 5th birthday today, and raised a glass to Satoshi! Wink

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
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January 05, 2014, 12:27:16 AM
 #27344

I'm surprised no one's wished Bitcoin a happy 5th birthday today, and raised a glass to Satoshi! Wink
I'll do that now! Cheers!
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January 05, 2014, 12:28:28 AM
 #27345

I'm surprised no one's wished Bitcoin a happy 5th birthday today, and raised a glass to Satoshi! Wink
cheers! Smiley Smiley Smiley
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January 05, 2014, 12:28:56 AM
 #27346

cheers Roll Eyes Roll Eyes Roll Eyes Roll Eyes
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January 05, 2014, 03:35:26 AM
 #27347

I'm surprised no one's wished Bitcoin a happy 5th birthday today, and raised a glass to Satoshi! Wink

Genesis block: 2009-01-03 18:15:05
http://blockexplorer.com/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Wasn't it 2 days ago?

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
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January 05, 2014, 04:01:24 AM
 #27348

Now if Greenland would only say they'll take nothing but BTC for rare earths in their mountain.

http://www.bbc.co.uk/news/magazine-25421967




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January 05, 2014, 04:33:33 AM
 #27349

Here's a blatant divergence from the thread.  What the author describes should be good for Bitcoin however.  He get annoyed at Happy New Years wishes and decries disasters that might befall the world and the US in the coming year.  When he gets to the US economy he postulates:

"  But even sooner than a nuclear disaster, we may be facing an even more critical economic disaster -- the catastrophic loss of the dollar’s unique position as the international reserve currency. This is imminent, according to leading economic and political analysts, and would trigger a total collapse of the U.S. banking system, generating explosive financial panic as we are subjected – not only to massive inflation – but also the immediate seizure by failing banks of all our deposits: checking accounts, savings accounts, Certificates of Deposit (CDs), money market funds, pensions, and any other liquid assets. Can failing banks really seize our money “just like that”? Yep, just like that. It is perfectly legal; the enabling “bail-in” laws have already been put on the books in the U.S. and Europe (did you sleep through that?).

 

And don’t think the FDIC  will protect your deposits up to the $250,000 limit promised by this agency. For when the failing banks seize your deposits, they will convert your money into stock in their failed institutions, rendering you “legally compensated” for your loss, and therefore not entitled to reimbursement  by the FDIC. Not that it will matter because, by that time, the FDIC will be bankrupt, since it has reserves of only $25 billion, whereas the seized deposits requiring compensation would likely exceed $25 trillion. And even if the FDIC could lay its hands on $25 trillion (fat chance, since this is nearly twice the entire Gross Domestic Product of the United States), another statute now  on the books, namely the Bankruptcy Reform Act of 2005, which was arm-twisted into law by Citigroup, JP Morgan, Chase,  Wells Fargo and the rest of the usual suspects (bet you slept through that, too), compels the FDIC to give preference to derivatives counter-parties over mere depositors like yourself, whose claims for reimbursement could exceed $600 trillion – or more than the GDP of the entire world economy. "



And this is why I constantly cash my money out of my accounts and then trade that money for gold. Put the gold into a safe in my home that isn't going anywhere. I'd rather have gold any day over real money. Let the US banks fall and crash. This country really needs a good restart. It is the banking industry that is killing this country to being with. They'll stop at nothing to keep their profits high and when they start losing just a little bit or make a little less profit they go crying like babies and threaten the people with dooms day bullshit. This country unfortunately is ran by greed, not capitalism. But then again, both are the same.

I look forward to the day. I'll just sit home with my Remington and watch some DVD's. Smiley



If the entire economy goes belly up I'm not sure what would have more value down here in the deep south, gold or $20 rolls of quarters.
You could trade possum skins and tobaccy.

OxyContin is probably the best alternate currency in the south.  Wink
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January 05, 2014, 05:26:55 AM
 #27350

I wish I could switch to 240 haha..

Ah well, scryptmining alone pays the bill, so I'm happy

How bad is your power situation? Get a new drop installed with a better panel.

Can't otherwise I would, which is why I said I wish I could do that ...

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January 05, 2014, 05:29:56 AM
 #27351

I wish I could switch to 240 haha..

Ah well, scryptmining alone pays the bill, so I'm happy

How bad is your power situation? Get a new drop installed with a better panel.

Can't otherwise I would, which is why I said I wish I could do that ...

Making a possibly dumb assumption here, you don't own the property.

If that's the case, you can still put in a pole and bring in a new drop, if you can get permission to do so, and this would be a separate power bill altogether. Such an install can be removed fairly easily, so shouldn't offend a landlord.

If that's not the why of it, then just ignore this Smiley

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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January 05, 2014, 05:42:24 AM
 #27352

I wish I could switch to 240 haha..

Ah well, scryptmining alone pays the bill, so I'm happy

How bad is your power situation? Get a new drop installed with a better panel.

Can't otherwise I would, which is why I said I wish I could do that ...

Making a possibly dumb assumption here, you don't own the property.

If that's the case, you can still put in a pole and bring in a new drop, if you can get permission to do so, and this would be a separate power bill altogether. Such an install can be removed fairly easily, so shouldn't offend a landlord.

If that's not the why of it, then just ignore this Smiley

Almost on target--association won't allow it. And the wiring around here is underground, and it's a major undertaking to do such. Which is probably half the reason they don't allow it.

I could do it on my other properties, but I'm looking at simply leasing some industrial space nearby.

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January 05, 2014, 03:36:39 PM
 #27353

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.
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January 05, 2014, 03:41:48 PM
 #27354

I'm surprised no one's wished Bitcoin a happy 5th birthday today, and raised a glass to Satoshi! Wink

Genesis block: 2009-01-03 18:15:05
http://blockexplorer.com/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Wasn't it 2 days ago?

Technically yes...Wink

But it wasn't mentioned anywhere here on the 3rd, and it was still the 4th in the US when I posted it  Tongue

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
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January 05, 2014, 04:19:14 PM
 #27355

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.

Haven't you had enough preorders yet? Lol
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January 05, 2014, 04:34:43 PM
 #27356

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.

Haven't you had enough preorders yet? Lol

Yup. I didn't say it interested me did I ? Wink The ease of it does, the pre-order bit...not one jot unless there's a massive bonus. Bit late for that though.

Handy size for mining rigs though, and they'll probably get cheaper and more useful in the future.

As a matter of interest, I haven't heard dick from KNC for months as in newsletters, they only bother to try and sell me something,  but finding this on here https://bitcointalk.org/index.php?topic=392166.0 and knowing they were made aware of it I was wondering if  they ever thought to mention this to customers, or was it just me that didn't get ?

The guy who found the security problem seems to not have much from KNC by means of a reply. I'm assuming you all know about this, if not..well it's worth a read. Better safe than sorry Smiley
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January 05, 2014, 05:23:49 PM
 #27357

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.

Haven't you had enough preorders yet? Lol

Yup. I didn't say it interested me did I ? Wink The ease of it does, the pre-order bit...not one jot unless there's a massive bonus. Bit late for that though.

Handy size for mining rigs though, and they'll probably get cheaper and more useful in the future.

As a matter of interest, I haven't heard dick from KNC for months as in newsletters, they only bother to try and sell me something,  but finding this on here https://bitcointalk.org/index.php?topic=392166.0 and knowing they were made aware of it I was wondering if  they ever thought to mention this to customers, or was it just me that didn't get ?

The guy who found the security problem seems to not have much from KNC by means of a reply. I'm assuming you all know about this, if not..well it's worth a read. Better safe than sorry Smiley
Dude, it's only been 19 days since KNC's last news release...   months?  
The post you cited has been there 5 days,
and we were told the crew would be back into full swing sometime on the 6th & 7th...  (tomorrow)
At least give the code boys a chance to look at it before you go off the deep end...lol

...and it's not KNC code that leaves the door open...   it's Cgminer.
any machine running cgminer right now can be hacked.  
I hope Ckilovas was notified...  just PM'd it...

PS....  using BFG Miner should avoid any hack for now folks

But seriously trimmers... thanks for the "Heads up"     A+ man!


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Phoenix1969
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January 05, 2014, 05:57:24 PM
 #27358

Beware of BitPlastic
Yet more trouble with Bitplastic for me...  BTC being literally stolen by the site owners after they admittedly saw it "Stuck" in the system... they did a "server upgrade" a few days ago, now they act as if the conversation we had never took place, and my BTC is gone. The amounts that DID eventually make it to the card (after depositing the btc about 2 weeks prior) was skimmed yet even more... well beyond and after they took their their "Fee" .6 is .53 after their fee. of which they loaded the card with $371.(fine) I was expecting more like what they advertised... 5%, not 5% plus whatever they can siphon from you...  
ended up more like 50%
Totally a rip job.
out of the whole btc I sent... $371.00!

****edit****  They eventually gave me the .2



Also beware of BTC-e if you are American. Although they advertise 24 hour USD Deposits...  It does not exist! I have about 20+ emails to & from support on it, and they always act stupid, like they don't understand what I'm saying. They don't even accept US Bank International transfer!
So far, Bitstamp and CampBX are the only ones I have been able to successfully deal with, barring Gox in the old days when they had Dwolla... now that was a really sweet deal...


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timmmers
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January 05, 2014, 06:21:51 PM
 #27359

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.

Haven't you had enough preorders yet? Lol

Yup. I didn't say it interested me did I ? Wink The ease of it does, the pre-order bit...not one jot unless there's a massive bonus. Bit late for that though.

Handy size for mining rigs though, and they'll probably get cheaper and more useful in the future.

As a matter of interest, I haven't heard dick from KNC for months as in newsletters, they only bother to try and sell me something,  but finding this on here https://bitcointalk.org/index.php?topic=392166.0 and knowing they were made aware of it I was wondering if  they ever thought to mention this to customers, or was it just me that didn't get ?

The guy who found the security problem seems to not have much from KNC by means of a reply. I'm assuming you all know about this, if not..well it's worth a read. Better safe than sorry Smiley
Dude, it's only been 19 days since KNC's last news release...   months?  
The post you cited has been there 5 days,
and we were told the crew would be back into full swing sometime on the 6th & 7th...  (tomorrow)
At least give the code boys a chance to look at it before you go off the deep end...lol

...and it's not KNC code that leaves the door open...   it's Cgminer.
any machine running cgminer right now can be hacked.  
I hope Ckilovas was notified...  just PM'd it...

PS....  using BFG Miner should avoid any hack for now folks

But seriously trimmers... thanks for the "Heads up"     A+ man!

Yup, months. Last one I had announced Neptune. TBH I assumed they'd warn customers about that ASAP since once you know there's things to do about it and I'd missed it...so possibly others may have missed it like me. Ckilovas made a short reply on that thread and so did Kano so they know.

Anyone running a rig that didn't see that thread or even come here at all would be in the dark and wouldn't know anything was wrong never mind that BFG Miner would help.

Good thing that we know this, but I personally think the OP in that thread might have introduced the idea to people who might not have great intentions...hard decision for him what to do though.

Hope no-one suffered from it..hard enough to get bloody BTC without mining them for someone else Smiley
Phoenix1969
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January 05, 2014, 06:26:33 PM
 #27360

This may interest some people, looks decent for mining in some of the designs with the lion battery. http://www.indiegogo.com/projects/solar-liberator  looks like time is short for the discount, but they ain't expensive without it.

Haven't you had enough preorders yet? Lol

Yup. I didn't say it interested me did I ? Wink The ease of it does, the pre-order bit...not one jot unless there's a massive bonus. Bit late for that though.

Handy size for mining rigs though, and they'll probably get cheaper and more useful in the future.

As a matter of interest, I haven't heard dick from KNC for months as in newsletters, they only bother to try and sell me something,  but finding this on here https://bitcointalk.org/index.php?topic=392166.0 and knowing they were made aware of it I was wondering if  they ever thought to mention this to customers, or was it just me that didn't get ?

The guy who found the security problem seems to not have much from KNC by means of a reply. I'm assuming you all know about this, if not..well it's worth a read. Better safe than sorry Smiley
Dude, it's only been 19 days since KNC's last news release...   months? 
The post you cited has been there 5 days,
and we were told the crew would be back into full swing sometime on the 6th & 7th...  (tomorrow)
At least give the code boys a chance to look at it before you go off the deep end...lol

...and it's not KNC code that leaves the door open...   it's Cgminer.
any machine running cgminer right now can be hacked. 
I hope Ckilovas was notified...  just PM'd it...

PS....  using BFG Miner should avoid any hack for now folks

But seriously trimmers... thanks for the "Heads up"     A+ man!

Yup, months. Last one I had announced Neptune. TBH I assumed they'd warn customers about that ASAP since once you know there's things to do about it and I'd missed it...so possibly others may have missed it like me. Ckilovas made a short reply on that thread and so did Kano so they know.

Anyone running a rig that didn't see that thread or even come here at all would be in the dark and wouldn't know anything was wrong never mind that BFG Miner would help.

Good thing that we know this, but I personally think the OP in that thread might have introduced the idea to people who might not have great intentions...hard decision for him what to do though.

Hope no-one suffered from it..hard enough to get bloody BTC without mining them for someone else Smiley
I think I'm remembering a problem early on with "Hotmail" and receiving KNC newsletters... ... you don't have "Hotmail".... do you?


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