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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011439 times)
joeventura
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February 04, 2014, 02:02:31 PM
 #29181

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".

1. No
2. Perhaps
3. No
4. No
5. No

It may not be outside the realm of possibilities that they have other projects they are working on?

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wpgdeez
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February 04, 2014, 02:10:00 PM
 #29182

Plans have changed, they are waiting to buy Asicminers new chip  Cool
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February 04, 2014, 02:19:01 PM
 #29183

Since no one has posted it yet, here's the news update:

Quote
Dear All
 
It’s been a while since our last communication and this update is overdue and we do apologise for that. In this newsletter we want to update you on 3 important things.Neptune Development Progress, Jupiter sales and our new project - Plan B.
 

Neptune Development Progress

Over the last few months things have most certainly not stopped here at KnC, and we have made massive progress on our 20nm chip and it will be one of the first 20nm chips to come out to market with the strong support of our partners, TSMC, AST and Alchip. The backend engineering teams have been working 7 days a week around the clock to bring this chip to market as fast as possible. We have of course learnt a lot from our previous 28nm design and with that knowledge we will squeeze even more out of our 20nm chip.
 
The news we can tell you today is that we have a further reduction in power consumption of around 11% from our initial calculations, which means we can squeeze in even more cores. The core count per package is already over 1000 and with every reduction in power usage we will add in more cores to maximize the performance. This is a great bit of news.

Jupiter sales
 
We are no longer going to offer Jupiter for sale. We had intended to offer Jupiter following the end of our Network Protection phase, however things move fast in the Bitcoin world and we have decided to end all future sales of Jupiter. We know this may disappoint some people waiting for buy more Jupiters, however, we have some exciting news that we would like to share today and its called ‘Plan B’.
 
Plan B

As you are all aware we broke many world records in releasing the 28nm chip in such a short amount of time. We are a very ambitious company but even for us, to go “all in” and not be able to deliver on our performance targets, like our competition, would be completely unacceptable to us as a company and everything we stand for. So today we are introducing, Plan B.
 
To make sure that everyone who has paid for their Neptune we are building a data centre like no other. It is located in the north of Sweden not far from Facebook and other Mega Data Centres and it’s totally powered by renewable energy.
 
Over the next few months we are bringing online enough hashing power to make sure that any delay in the Neptune timeline will be compensated with a completely free hosted hashing packages to all fully paid customers.
 
In the addition to this commitment, as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package where we will simply fill your wallets directly and you won’t have to worry about anything else. All the other costs taken care of by us. We are able to do this by using our 28nm chips which is why all products that we have coming out of our factory in the next few months will go into building and supplying the Plan B facility.
 
If, during the course of development of Neptune, there is any threat to the timelines for delivery, those delays will not result in the loss of any mining time for our Neptune customers. We will release more details of this as we get closer to the delivery date, but for now we have one of the world’s largest data centres to build.

Thanks
KnCMiner Team
jelin1984
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February 04, 2014, 02:21:51 PM
 #29184

These I think
Is bad news at all Huh Huh Huh



Why not sell
Is simple

At every early buyers
Only one or two module
Per person
Is very easy to do that
And clever
sbfree
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February 04, 2014, 02:22:19 PM
 #29185

WOW
MONEY WELL SPENT IF YOU BOUGHT KNC.....

now that is a miner protection plan.

everyone else.....EAT IT!!
sbfree
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February 04, 2014, 02:23:56 PM
 #29186

I wonder how much NEPTUNE PRICES go up now on Ebay???

OH, and they said they will be back with more GRAVY!!!

nice!! Cheesy Grin Cheesy Cool Shocked Grin Cheesy
DPoS
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February 04, 2014, 02:25:23 PM
 #29187

WOW
MONEY WELL SPENT IF YOU BOUGHT KNC.....

now that is a miner protection plan.

everyone else.....EAT IT!!


"Over the next few months we are bringing online enough hashing power to make sure that any.."

  ...other miners will make .0000000001btc per week


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cedivad
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February 04, 2014, 02:29:44 PM
 #29188

(I can't believe what i'm reading)

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
DPoS
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February 04, 2014, 02:30:07 PM
 #29189

basically you can read it as they are shifting into a BTC selling endeavor since not sure how much you will make after paying for hosting etc..

Is cloud hashing better than just paying 1% for coins at coinbase over the long haul?




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sbfree
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February 04, 2014, 02:31:25 PM
 #29190

WOW
MONEY WELL SPENT IF YOU BOUGHT KNC.....

now that is a miner protection plan.

everyone else.....EAT IT!!


"Over the next few months we are bringing online enough hashing power to make sure that any.."

  ...other miners will make .0000000001btc per week


I guess if you didn't believe in KNC from the beginning and continue to believe in them after the slightly late but nonetheless groundbreaking delivery, then you didn't order a Neptune/s, and that might turn to be a costly mistake.

I have to scratch the sleep out of my eyes and re-read the statement, but I swear I read FREE HASHING POWER / FREE HOSTING.....

OR AM DREAMING??
The Avenger
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February 04, 2014, 02:31:50 PM
 #29191

Quote

Over the next few months we are bringing online enough hashing power to make sure that...
any mining equipment you bought from us will be worthless  Grin

Told ya:

... So it's probably going to be knc, not hashfast or cointerra, that make our jupiters worthless in a week or two. Oh the irony!

So to compensate 3TH machines, they have got to have stockpiled much more than the 5% they once claimed. They must have been in full production for the last few months building their new
Plan B(yteminr) datacentre and filling it with Jupiters. Kunts

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February 04, 2014, 02:32:05 PM
 #29192

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February 04, 2014, 02:32:39 PM
 #29193

Boom Wink
de_ixie
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February 04, 2014, 02:32:46 PM
 #29194

hmm - quite not sure whether this is good or bad news.

Pro - No delay (in case they are able to build the datacenter this time... first time they failed)

Contra - ähh, "phyisical" Neptune will be late I guess

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February 04, 2014, 02:33:58 PM
 #29195

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".

1. No
2. Perhaps
3. No
4. No
5. No

It may not be outside the realm of possibilities that they have other projects they are working on?
JOE hit nail on the head.
merv77
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February 04, 2014, 02:37:08 PM
 #29196

WOW
MONEY WELL SPENT IF YOU BOUGHT KNC.....

now that is a miner protection plan.

everyone else.....EAT IT!!


"Over the next few months we are bringing online enough hashing power to make sure that any.."

  ...other miners will make .0000000001btc per week


I guess if you didn't believe in KNC from the beginning and continue to believe in them after the slightly late but nonetheless groundbreaking delivery, then you didn't order a Neptune/s, and that might turn to be a costly mistake.

I have to scratch the sleep out of my eyes and re-read the statement, but I swear I read FREE HASHING POWER / FREE HOSTING.....

OR AM DREAMING??

I'm seeing what you're seeing, is this right?

Orama...Huh where are you...?

It's great news to me... thanks KNC for the update
jelin1984
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February 04, 2014, 02:40:05 PM
 #29197

Free hashing for what exactly speed??
Mogumodz
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February 04, 2014, 02:40:21 PM
 #29198

"Over the next few months we are bringing online enough hashing power to make sure that any delay in the Neptune timeline will be compensated with a completely free hosted hashing packages to all fully paid customers.

In the addition to this commitment, as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package where we will simply fill your wallets directly and you won’t have to worry about anything else. All the other costs taken care of by us."

Does that means customers can opt in for free hosting for Neptunes?

Trying to wrap my head around it.

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joeventura
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February 04, 2014, 02:42:09 PM
 #29199

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".

1. No
2. Perhaps
3. No
4. No
5. No

It may not be outside the realm of possibilities that they have other projects they are working on?
JOE hit nail on the head.


 Grin

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February 04, 2014, 02:42:34 PM
 #29200

I call this bad news.

So they are building a massive mining farm for themselves (probably already partly built) and if they are late they give us coins.
Sounds good until you think what late really means - until the end of 2nd quarter of this year, so end of June.

They have not defined precise meaning of the word late, so what they say means absolutely nothing.

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