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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012561 times)
joeventura
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February 04, 2014, 12:06:49 AM
 #29161

Seriously, get your coins out of online trading sites RIGHT NOW, you guys are mad keeping them anywhere like that.

^^^^^^^^^^^^^^^^^^This man speaks the truth ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

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lemonte
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February 04, 2014, 12:10:05 AM
 #29162

Forget mining, I think I'll set up a tinfoil hat shop that only accepts Bitcoin, I'd make a killing off some of the people on this forum, some of the theories are crazy, and I don't just mean in this thread!!

Anyone keeping an eye on competitors threads? Though it is quiet on the Knc front, I'm glad that I'm not a Hashfast or Cointerra customer!

Here's a less crazy theory..

Knc will give us updates and maybe upgrade boards once competitors do begin shipping, and by competitors I mean the above, not Antminers, though I do appreciate the latter is contributing to difficulty increasing.

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February 04, 2014, 12:24:20 AM
 #29163

Knc will give us updates and maybe upgrade boards once competitors do begin shipping, and by competitors I mean the above, not Antminers, though I do appreciate the latter is contributing to difficulty increasing.

Why would they hold off for those outfits specifically?  HF is shipping, ngzhang claims 5.1PH of Avalon gen2 chips have shipped and they're increasing production.  Bitmain (even though you're discounting them) have shipped a tonne of hardware.  Bitfury and his re-sellers are still shipping in-hand product.  Bitmine has their first lot in and are moving into production.  This concept that KnC is sitting here waiting for Cointerra, BlackArrow (lol), and/or AMT (lol) to ship before offering upgrades is a bit ridiculous.

Here's a theory:  KnC has their own mine.  They cannot control what other manufacturers are shipping and are at their mercy regardless.  What they can control is their own product.  By not adding module or Jupiter (or whatever) sales, they are stemming the tides to protect their own interests.  Perhaps they're trying to recover their own ROI (BTC -> BTC) before undercutting themselves by selling more KnC gear to consumers.
elasticband
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February 04, 2014, 12:29:12 AM
 #29164


Why would they hold off for those outfits specifically?  HF is shipping, ngzhang claims 5.1PH of Avalon gen2 chips have shipped and they're increasing production.  Bitmain (even though you're discounting them) have shipped a tonne of hardware.  Bitfury and his re-sellers are still shipping in-hand product.  Bitmine has their first lot in and are moving into production.  This concept that KnC is sitting here waiting for Cointerra, BlackArrow (lol), and/or AMT (lol) to ship before offering upgrades is a bit ridiculous.

Great service! Big respect for knC, despite the naysayers, they are doing what they set out do to.

Quote
We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months.

Their competitors are other 28nm producers and none have produced or added to the network really, although cointerra are away to start shipping it still has not effected the network and may not in a big way when delivered.

Quote
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.


If the upgrade boards are $1000 a piece that is pretty much 1bitcoin for 140GH(OC 160-170) possibly next week, that's a competitive deal if you ask me.
vesperwillow
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February 04, 2014, 12:34:38 AM
 #29165


bclcjunkie
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February 04, 2014, 01:10:17 AM
 #29166

+1 and it's not a theory.. you all can verify by going to https://www.kncminer.com/pages/faq

"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. We will not mine with more than 5% of the hash rate we sell, and we will never mine with customer hardware."

Here's a theory:  KnC has their own mine.  They cannot control what other manufacturers are shipping and are at their mercy regardless.  What they can control is their own product.  By not adding module or Jupiter (or whatever) sales, they are stemming the tides to protect their own interests.  Perhaps they're trying to recover their own ROI (BTC -> BTC) before undercutting themselves by selling more KnC gear to consumers.
vesperwillow
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February 04, 2014, 03:54:08 AM
 #29167

+1 and it's not a theory.. you all can verify by going to https://www.kncminer.com/pages/faq

"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. We will not mine with more than 5% of the hash rate we sell, and we will never mine with customer hardware."

Here's a theory:  KnC has their own mine.  They cannot control what other manufacturers are shipping and are at their mercy regardless.  What they can control is their own product.  By not adding module or Jupiter (or whatever) sales, they are stemming the tides to protect their own interests.  Perhaps they're trying to recover their own ROI (BTC -> BTC) before undercutting themselves by selling more KnC gear to consumers.

Their "ROI" was already taken care of. They've been operating in the black since batch 2 most likely.

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February 04, 2014, 04:23:59 AM
 #29168

What is the most plausible theory for more than two months of silence re Neptune despite apparent discontent of customers?
Here is my speculation on possibilities (from the most probable #1 to almost impossible #5):
1. They are experiencing significant difficulties with Neptune design and want to overcome those problems before updating.
2. They are positioning to change their business model from selling individual units to the "fair shake" cloudhashing model, where customers will be buying slots in the icelandic super-mine managed by KnC. Everyone who ordered Neptune would be offered a slot with a modest increase in hashing power (to 3.5-4TH), but will have to pay extra for "hosting".
3. They were bought by someone or majority bought by a third party (perhaps even by a government-controlled entity).
4. They were bought/invested into by 21e6 (or merged with 21e6). Alternatively, they were supplying Jupiters to a single unknown party (cloudhashing?).
5. They are resting on their prior success and "taking it easy".
je1p7u7
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February 04, 2014, 04:39:46 AM
 #29169

Knc will give us updates and maybe upgrade boards once competitors do begin shipping, and by competitors I mean the above, not Antminers, though I do appreciate the latter is contributing to difficulty increasing.

Why would they hold off for those outfits specifically?  HF is shipping, ngzhang claims 5.1PH of Avalon gen2 chips have shipped and they're increasing production.  Bitmain (even though you're discounting them) have shipped a tonne of hardware.  Bitfury and his re-sellers are still shipping in-hand product.  Bitmine has their first lot in and are moving into production.  This concept that KnC is sitting here waiting for Cointerra, BlackArrow (lol), and/or AMT (lol) to ship before offering upgrades is a bit ridiculous.

Here's a theory:  KnC has their own mine.  They cannot control what other manufacturers are shipping and are at their mercy regardless.  What they can control is their own product.  By not adding module or Jupiter (or whatever) sales, they are stemming the tides to protect their own interests.  Perhaps they're trying to recover their own ROI (BTC -> BTC) before undercutting themselves by selling more KnC gear to consumers.

Wow, you didnt even mention BFL. Thats just plain rude! Tongue
madsusies
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February 04, 2014, 04:40:57 AM
 #29170

all those points say - no news till Q2  Kiss it was obvious in December they got no plans for Neptune, it was just pre order lurking plan
Biodom
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February 04, 2014, 04:47:56 AM
 #29171

it was obvious in December they got no plans for Neptune

Not sure if I get your point. How was it obvious?
arlekyn13
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February 04, 2014, 05:27:05 AM
 #29172

"1. They are experiencing significant difficulties with Neptune design and want to overcome those problems before updating."

+1

I think they just try pushing as much hash power they can for some 2000-2200W electric power. 3.5TH for 2000W on 20nm is plausible and I think this is their target. Probably still working on that meaning they're still in "design stage". Let's just hope it's not "early design stage" as it was almost a month ago.

1CmrswU7JYpi9WNC8EHWCV3aam1FJsW2Zu - to show appreciation for my work
dropt
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February 04, 2014, 05:43:09 AM
 #29173

Their "ROI" was already taken care of. They've been operating in the black since batch 2 most likely.

Building a data center to house a mining farm can't be cheap.  That money could have bought quite a few coins.
madsusies
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February 04, 2014, 06:44:11 AM
 #29174

it was obvious in December they got no plans for Neptune

Not sure if I get your point. How was it obvious?
I don't know, perhaps 20nm is quite a sound of future Smiley no time plan just give us your BTC
btcusr
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February 04, 2014, 08:53:23 AM
 #29175

55 days to Q2. Cool
And, another 91 days before Q2 ends. Huh

Biffa
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February 04, 2014, 08:59:57 AM
 #29176

What is the most plausible theory for more than two months of silence re Neptune despite apparent discontent of customers?
Here is my speculation on possibilities (from the most probable #1 to almost impossible #5):
1. They are experiencing significant difficulties with Neptune design and want to overcome those problems before updating.
2. They are positioning to change their business model from selling individual units to the "fair shake" cloudhashing model, where customers will be buying slots in the icelandic super-mine managed by KnC. Everyone who ordered Neptune would be offered a slot with a modest increase in hashing power (to 3.5-4TH), but will have to pay extra for "hosting".
3. They were bought by someone or majority bought by a third party (perhaps even by a government-controlled entity).
4. They were bought/invested into by 21e6 (or merged with 21e6). Alternatively, they were supplying Jupiters to a single unknown party (cloudhashing?).
5. They are resting on their prior success and "taking it easy".

Or...

6. They are proceeding as planned and according to their internal schedule.

We don't know, and perhaps until they have something meaningful to share such as a tapeout then there really isn't any news yet.

btcusr
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February 04, 2014, 09:07:36 AM
 #29177

Just wondering, KNC is still selling Jupiters? When they busy with higher end Neptune stuff, why don't allocate some resources to build and ship Jupiters too?

I think, there's a good market for sub-$1k miners targeted towards home / individual miners.

Pricing miners in terms of current total network hashrate, would be great; say cost of this 1 THash miner is bitcoins it would mine for 2 - 3 months at 20 PHash (or, hashrate on the day you receive the miner).

jelin1984
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February 04, 2014, 10:11:06 AM
 #29178

the big problem is that no new newsletter from knc days now
elasticband
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February 04, 2014, 10:13:30 AM
 #29179

wow this thread is actually like a broken record.

I understan why people cry in BFL, BA & AcM threads but why everyone cries here so much i have no idea

vesperwillow
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February 04, 2014, 12:06:12 PM
 #29180

wow this thread is actually like a broken record.

I understan why people cry in BFL, BA & AcM threads but why everyone cries here so much i have no idea



+1

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