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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006568 times)
canth
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July 02, 2013, 12:19:59 AM
 #2901

SEE FAQ #2 ON THE FAQ PAGE


 Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners.


Yeah that's fine, I think.  That is different from ASICMiner who is growing into a gigantic solo operation to own the network.  I guess time will tell.

I'd be curious to know how they pay themselves so they can individually mine on their own...referring to the owners.

Heh, so we're clear, according to Paladin69:

KnC: Owners will be purchasing their own hardware at cost, mine with it and sell it. - *Good*
ASICMiner: Owners purchase their own hardware at cost, mine with it, sell it and share the revenues with their public investors - *Scammer*
 
Aren't you tired of the double standard, Paladin? You might want to rethink throwing around the scammer tagline.
---
I'm a strong supporter of both KnC and AM since they're both open and honest about their intentions - I just don't think that there's something inherently wrong with mining with your own hardware. I have a much bigger problem with Avalon and BFL pretending not to mine with their own hardware.

You all seem to forget that AM was at least partially (if not totally) funded with the funds raised in the IPO. Is a 50% publicly owned company from minute 1 (meaning BEFORE hardware development and manufacture).

Still, it's an amazing example of flawless and honest management (do not forget Friedcat is anonymous and he runs a completely "underground" operation, while delivering flawlessly). What they achieved is impressing and IMO they should be admired.

Aspects, I agree. They are ruthlessly efficient, and admittedly their buyers don't seem to complain.

You should also know they are not only efficient in delivering hardware. They have been the very best possible management for their investors. They launched the ipo with 200,000 shares priced at 0.1BTC each, and they paid back the cost of each share to the public IPO investors with the first dividend. All the very first revenue generated by mining was reverted to investors so the people that believed in them was able to immediately breakeven.

Plus, they never failed a royalty pay day and they have been completely transparent when explaining delays in deployment, etc. As I said earlier, AM at IPO price has been the very best Bitcoin related investment up to date, hands off - and we had a lot of "mining bonds", securities and schemes of all kinds going on since the early days.


+1. On that note, if KnC were to consider an "IPO" on one of the exchanges, I'm very certain they'd get any reasonable funding they'd want. Everyone is looking for the next AM.

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nightengale
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July 02, 2013, 02:53:20 AM
 #2902

Trash-talk from BFL Josh about KnC:

https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition-post44762.html#post44762

I *really* want them to be able to rub this in his face three months from now.
erk
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July 02, 2013, 03:01:39 AM
 #2903



+1. On that note, if KnC were to consider an "IPO" on one of the exchanges, I'm very certain they'd get any reasonable funding they'd want. Everyone is looking for the next AM.
Without a working prototype to demonstrate, IPO style funding would be tricky, and it takes a long time to organize. Kickstarter or pre-orders would be more practical.


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July 02, 2013, 03:03:44 AM
 #2904

Placed an order for a couple of these and I'm in America and read they use standard ATX computer power supply. Since no one has one of these yet, what power supply would you recommend for the US? Also, what about connectivity. Is there a USB port on it? Does it have it's down mining software or can it run what is already out there? I just want to make to make sure I get the right hardware (power converters) and all that) before the unit comes and have the proper software. I started to read the pages and had to stop at 25, it was just taking too long. Not much is on their website about this stuff either.

Need help with your Newznab usenet indexer? http://www.newznabforums.com
DPoS
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July 02, 2013, 03:08:46 AM
 #2905

Placed an order for a couple of these and I'm in America and read they use standard ATX computer power supply. Since no one has one of these yet, what power supply would you recommend for the US? Also, what about connectivity. Is there a USB port on it? Does it have it's down mining software or can it run what is already out there? I just want to make to make sure I get the right hardware (power converters) and all that) before the unit comes and have the proper software. I started to read the pages and had to stop at 25, it was just taking too long. Not much is on their website about this stuff either.

I hope they charge a little more and hire someone to update their FAQ

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dhenson
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July 02, 2013, 03:10:26 AM
 #2906

Placed an order for a couple of these and I'm in America and read they use standard ATX computer power supply. Since no one has one of these yet, what power supply would you recommend for the US? Also, what about connectivity. Is there a USB port on it? Does it have it's down mining software or can it run what is already out there? I just want to make to make sure I get the right hardware (power converters) and all that) before the unit comes and have the proper software. I started to read the pages and had to stop at 25, it was just taking too long. Not much is on their website about this stuff either.

Don't buy a PS yet.  They don't have final power requirements yet and will make a recommendation when they do.
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July 02, 2013, 03:13:43 AM
 #2907

ya, this is what Josh / Inaba says BFL_Josh 
Employee
               
(" If you think KnC is going to have a fully operational ASIC out and shipping in volume by September with those specs, you're almost assuredly bound to be disappointed." ) ??


https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition.html#post44762


KNC needs to Proof him Wrong.
webjoe
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July 02, 2013, 03:17:29 AM
 #2908

Placed an order for a couple of these and I'm in America and read they use standard ATX computer power supply. Since no one has one of these yet, what power supply would you recommend for the US? Also, what about connectivity.

Don't buy a PS yet.  They don't have final power requirements yet and will make a recommendation when they do.

I was just going to post, but KNC have said this in another thread:
https://bitcointalk.org/index.php?topic=237745.msg2520109#msg2520109

BTC: 1P77ekpQigu2HfiB67wNhzmMmEvZFkE2jv | KNCMiner Neptune 20nm 3TH/S for $10K in Q1/Q2 2014
Paladin69
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July 02, 2013, 03:52:27 AM
 #2909

ya, this is what Josh / Inaba says BFL_Josh  
Employee
               
(" If you think KnC is going to have a fully operational ASIC out and shipping in volume by September with those specs, you're almost assuredly bound to be disappointed." ) ??


https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition.html#post44762

KNC needs to Proof him Wrong.

He's feeling cocky again.  They must be finally ready to ship?  As much as I hate their delays, I am hoping they do come out of this stronger and wiser than before.  Competition that doesn't do what AM is doing is a good thing.  I want to see both BFL & KnC duke it out and take out them Chinese fuckers.  Sorry, I worked in an industry a few years ago where I seen a great number of Chinese companies consistently lie and try to cut off our heads.  It's not related to this IC industry.  But they are greedy little turds.  Yet powerful.

Back to Josh's comment...I did find this response pretty funny...

https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition-2.html#post44828
DPoS
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July 02, 2013, 03:58:55 AM
 #2910

ya, this is what Josh / Inaba says BFL_Josh 
Employee
               
(" If you think KnC is going to have a fully operational ASIC out and shipping in volume by September with those specs, you're almost assuredly bound to be disappointed." ) ??


https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition.html#post44762

KNC needs to Proof him Wrong.

He's feeling cocky again.  They must be finally ready to ship?  As much as I hate their delays, I am hoping they do come out of this stronger and wiser than before.  Competition that doesn't do what AM is doing is a good thing.  I want to see both BFL & KnC duke it out.


Lots of AM hate by you...  BFL had some hidious plans on hosting and still do.  AM is successful. I am not an AM shareholder and I paid top btc for 4 early USBees but I can't fault them at all. 

Blame Avalon for getting bored early with their proof of concept..  obvious their heart isn't really into it anymore


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Paladin69
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July 02, 2013, 04:03:09 AM
 #2911

ya, this is what Josh / Inaba says BFL_Josh  
Employee
               
(" If you think KnC is going to have a fully operational ASIC out and shipping in volume by September with those specs, you're almost assuredly bound to be disappointed." ) ??


https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition.html#post44762

KNC needs to Proof him Wrong.

He's feeling cocky again.  They must be finally ready to ship?  As much as I hate their delays, I am hoping they do come out of this stronger and wiser than before.  Competition that doesn't do what AM is doing is a good thing.  I want to see both BFL & KnC duke it out.


Lots of AM hate by you...  BFL had some hidious plans on hosting and still do.  AM is successful. I am not an AM shareholder and I paid top btc for 4 early USBees but I can't fault them at all.  

Blame Avalon for getting bored early with their proof of concept..  obvious their heart isn't really into it anymore

Not familiar with what you're saying in regards to Avalon.  Going open-source you mean?

If AM wants me to stop talking shit, then they should stop solo mining the portion that is not tied by shares and just produce product for people.  I despise their strategy to centralize a gigantic portion of the network.  And I'm not backing down from that.
Cryptoin
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July 02, 2013, 04:16:49 AM
 #2912

ya, this is what Josh / Inaba says BFL_Josh  
Employee
               
(" If you think KnC is going to have a fully operational ASIC out and shipping in volume by September with those specs, you're almost assuredly bound to be disappointed." ) ??


https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition.html#post44762

KNC needs to Proof him Wrong.

He's feeling cocky again.  They must be finally ready to ship?  As much as I hate their delays, I am hoping they do come out of this stronger and wiser than before.  Competition that doesn't do what AM is doing is a good thing.  I want to see both BFL & KnC duke it out.


Lots of AM hate by you...  BFL had some hidious plans on hosting and still do.  AM is successful. I am not an AM shareholder and I paid top btc for 4 early USBees but I can't fault them at all.  

Blame Avalon for getting bored early with their proof of concept..  obvious their heart isn't really into it anymore

Not familiar with what you're saying in regards to Avalon.  Going open-source you mean?

If AM wants me to stop talking shit, then they should stop solo mining the portion that is not tied by shares and just produce product for people.  I despise their strategy to centralize a gigantic portion of the network.  And I'm not backing down from that.

And thus why Netcoin will be worth more than Bitcoin in 2 years.
Syke
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July 02, 2013, 04:28:42 AM
 #2913

ya, this is what Josh / Inaba says BFL_Josh 
Employee
               
(" If you think KnC is going to have a fully operational ASIC out and shipping in volume by September with those specs, you're almost assuredly bound to be disappointed." ) ??


https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition.html#post44762


KNC needs to Proof him Wrong.

Well, Josh is an expert in missing targets. No one has missed more shipping dates, target specs, than he has.

Buy & Hold
SpaceCaptainKangaroo
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July 02, 2013, 04:37:41 AM
 #2914

http://i.imgur.com/u97K1AV.png
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July 02, 2013, 04:47:56 AM
 #2915

ya, this is what Josh / Inaba says BFL_Josh  
Employee
               
(" If you think KnC is going to have a fully operational ASIC out and shipping in volume by September with those specs, you're almost assuredly bound to be disappointed." ) ??


https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition.html#post44762

KNC needs to Proof him Wrong.

He's feeling cocky again.  They must be finally ready to ship?  As much as I hate their delays, I am hoping they do come out of this stronger and wiser than before.  Competition that doesn't do what AM is doing is a good thing.  I want to see both BFL & KnC duke it out.


Lots of AM hate by you...  BFL had some hidious plans on hosting and still do.  AM is successful. I am not an AM shareholder and I paid top btc for 4 early USBees but I can't fault them at all.  

Blame Avalon for getting bored early with their proof of concept..  obvious their heart isn't really into it anymore

Not familiar with what you're saying in regards to Avalon.  Going open-source you mean?

If AM wants me to stop talking shit, then they should stop solo mining the portion that is not tied by shares and just produce product for people.  I despise their strategy to centralize a gigantic portion of the network.  And I'm not backing down from that.

maybe I am missing something but when they went solo, all their mining has been tied to the shareholders less the fees.

as for Avalon, they didn't want the hassel to compete with anyone even though they talked a big game early..  I like them but they pretty much stop caring.  They say they are working on the next gen chips but haven't even shipped out their batch 3's

AM produces and the market seems happy to pay a premium for that


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Paladin69
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July 02, 2013, 05:13:44 AM
 #2916

Quote
AM produces and the market seems happy to pay a premium for that

The entitlement class is also a market that doesn't understand that welfare and food stamps undermines them in the end.  There will be no need for a "custom hardware" board if people just want to pay shares to let someone else do it all.

Anywho, I don't want to hijack the KnC thread here.
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July 02, 2013, 05:41:17 AM
 #2917



He's in Denial. Hahahahahaahahahaha


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phantastisch
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July 02, 2013, 06:55:26 AM
 #2918


Not to break this circlejerk but i have the same opinion and i'm watching this from the beginning. kncminer = next BFL ? Chances are higher than you want to believe ;-)

Disclaimer : I have a kncminer pre-order.

Plagiarize, let no one elses work evade your eyes.
Remember why the good lord made your eyes, so don't shade your eyes but plagiarize, plagiarize, plagiarize.
Only be sure always to call it please 'Alternative Coin'.
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July 02, 2013, 07:50:16 AM
 #2919

Quote Un Quote :

" Re: KNC Miner - Jupiter device: which PSU are you guys planning on using?
June 19, 2013, 02:46:06 PM
   
Reply with quote  #14
Hi Guys

Sorry for butting in in your discussion but don't buy any power supplies yet.

We will have a large Technical announcement coming next week. Where we will give even more accurate Power figures and GH/s.

It will be a significant announcement which I hope will make all of our customers happy. and no before you ask I wont reveal any details before that newsletter goes out Smiley

again please don't buy a 1200W power supply you simply will not need one that powerful or expensive.

Sam "

From his statement seem like the Asic Chip has not been order?? "We will have a large Technical announcement coming next week. Where we will give even more accurate Power figures and GH/s." ?? are they still playing around with the chip??

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July 02, 2013, 07:56:52 AM
 #2920

Can someone tell me please if I order a miner now when would I get it? Tons of post here...  Grin Do we know the number of orders so far?

Any video or picture of a working unit?

Thanks!



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