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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3039464 times)
xyzzy099
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February 04, 2014, 06:59:00 PM
 #29301

Whats really annoying is they did not say whether they would sell upgrades and I have asked on their forum right in the middle of an active discussion and KNC stopped responding.

Also replied to the Newsletter, to sales and to Orama.

<crickets>

In the "Plan B" announcement they said:

Quote
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.

Clearly, they have said that that will be using any and all 28nm chips they have or can produce for "Plan B" - thus, no new Jupiters, and no upgrade modules either.

Libertarians:  Diligently plotting to take over the world and leave you alone.
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augustocroppo
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February 04, 2014, 07:03:19 PM
 #29302

When BTC hits $2K, then $5K, then $50K due to the laws of supply and demand...I think we're all going to look back on this and wonder why we complained so much.

It's best to buy coins now.  They may fall a bit more to $600 as a new bottom...but coins are becoming more rare with each passing difficulty increase and a constant new influx of people and services wanting to use them.  The majority of the worlds big money investors still have yet to jump in.  People should be jumping in now before they do.

How is that becoming "rare" if 3600 BTC are being supplied every day?



Because that 3600 is spreading across fewer hands every day.  The demand is there.  But most people are stupidly putting it into mining equipment rather than buying coins direct.

Yeah, but at the moment demand is not overcoming supply. Your projections is a bit far fetched. Even if the price come to rise above 1000 USD, the big winners are going to be the "mining" farms and not the average "miner".
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February 04, 2014, 07:07:44 PM
 #29303

Divide 21m (or 12m current supply) by your holdings.  Whatever the resulting number is, you can say you own one piece of that number in the global emerging BTC industry.  I personally think it sounds pretty cool.  Smiley

Bitcoin is just a software. There is no such thing as "emerging BTC industry".

Industry ≠ speculative market
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February 04, 2014, 07:08:21 PM
 #29304

It's pretty obvious they don't want your money for upgrade boards, just take your money and spend it elsewhere.
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February 04, 2014, 07:10:00 PM
 #29305

Whats really annoying is they did not say whether they would sell upgrades and I have asked on their forum right in the middle of an active discussion and KNC stopped responding.

Also replied to the Newsletter, to sales and to Orama.

<crickets>

You do realize they are in Swedish time and the last post form Kurt was at 5:11pm and you first posted your question at 5:44pm?  And again at 8:31pm and 8:55pm...   They are being good parents if they continue to ignore you tomorrow.

http://forum.kncminer.com/forum/resellers-affilicates/general-questions/29377-plan-b/page2
2tights
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February 04, 2014, 07:14:14 PM
 #29306

For the first time I am considering a refund quite seriously. I think I may refund and buy BTC. Anyone else share my sentiment?
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February 04, 2014, 07:16:26 PM
 #29307

For the first time I am considering a refund quite seriously. I think I may refund and buy BTC. Anyone else share my sentiment?

It was always a gamble and still is.

I am sticking with KNC.
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February 04, 2014, 07:17:42 PM
 #29308

Whats really annoying is they did not say whether they would sell upgrades and I have asked on their forum right in the middle of an active discussion and KNC stopped responding.

Also replied to the Newsletter, to sales and to Orama.

<crickets>

You do realize they are in Swedish time and the last post form Kurt was at 5:11pm and you first posted your question at 5:44pm?  And again at 8:31pm and 8:55pm...   They are being good parents if they continue to ignore you tomorrow.

http://forum.kncminer.com/forum/resellers-affilicates/general-questions/29377-plan-b/page2

you sir have a very valid point!

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February 04, 2014, 07:23:21 PM
 #29309

For the first time I am considering a refund quite seriously. I think I may refund and buy BTC. Anyone else share my sentiment?

Yes.  This is some straight bs.  They will not sell us any hardware available now, they are taking their sweet ass time with Neptune, and they are constructing a facility that will obliterate the difficulty and completely kill any chance we had of making profit in Q3+Q4 this year.  Their NPS and newly outlined Plan B are a pair of sickening jokes.

All of this after we gave them piles of money to fund their business a year ago, and again on their 2nd product offering, this is how they repay us.
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February 04, 2014, 07:26:13 PM
 #29310

For the first time I am considering a refund quite seriously. I think I may refund and buy BTC. Anyone else share my sentiment?

It was always a gamble and still is.

I am sticking with KNC.

I would greatly appreciate you going in to detail about how you view things right now. for isntance:

  • projected difficulty
  • possibility of ROI
  • altcoin mining
  • etc, anything else

Thanks in advance for sharing your thoughts.
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February 04, 2014, 07:26:59 PM
 #29311


All of this after we gave them piles of money to fund their business a year ago, and again on their 2nd product offering, this is how they repay us.

it seems the shovel makers realized that shoveling makes money too

that should be new motto on their neptune boards..   "Shoveling makes our dreams get found"


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February 04, 2014, 07:31:19 PM
 #29312

This all is a big smoke screen it seems. I'm trying to make sense out of it and am having av difficult time.

I have a batch 1 order. Wtf does this mean? I don't see how this info helps me make an intelligent decision... Do I hodl or bail and reinvest elsewhere?

I'll rewrite what I wrote earlier, to make it a little clearer.

KNC will already be hashing with all the machines they will need to give their 3600 neptune customers 3TH on 1st July. In fact, as I said earlier, it's probably a drop in the ocean in terms of what they plan to have at that time.

Come on! They aren't going to leave millions of dollars worth of machine powered off until 30th June 2014 and then turn them on at midnight!

Which means the customer appreciation batch will be just about as worthless as the batch 2(3), as all these machines will already be hashing, the bitcoin difficulty will have already adjusted/risen to account for these 3600 machines.

So instead of having a few weeks of mining and then seeing earnings decline (as with jupiter), you'll start out with the declined earnings and knc will have cleaned up any profits there was to be made beforehand!

Essentially, your neptunes are going to be pre-mined. You'll get it delivered at the highest difficulty ever seen. You won't be adding a 3TH machine to the global bitcoin hashrate, you'll just be re-attaching it when it's probably already been there for a couple of months.

In other words, knc will reap the benefits of your investment and all the bitcoins they can mine, then pass the leftovers at massive difficulty to people on 1st July. You are paying for that. The physical delivery of the product will just be to end any obligation to you and will most certainly be utterly useless hardware by the time it physically arrives. The cost to power it will probably be more than it can mine back.

And to think at one point I suspected you were a crazy conspiracy theorists. Tuens out you were right on.


Explains why the network difficulty has had such major increases while KNC and Cointerra weren't shipping. I knew antminers were selling fast, but yeah, there's out network protection plan, or for KNC a Netowk Pock Plan, just pocket their share of the network. Nice way to announce that they are completely screwing their early adopters by hashing well above 5% against them, just sell it to your "plan B" company and now they're a customer. Isn't "plan B" usually scrap the place and get out?


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February 04, 2014, 07:32:17 PM
 #29313


All of this after we gave them piles of money to fund their business a year ago, and again on their 2nd product offering, this is how they repay us.

it seems the shovel makers realized that shoveling makes money too

that should be new motto on their neptune boards..   "Shoveling makes our dreams get found"



 "All your Jupiters are belong to us"


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February 04, 2014, 07:33:09 PM
 #29314

Moot now, but wow.  Three of my posts wondering if the MtGox situation had any bearing on KnC offering new miners got deleted!  I think some guys here complain and ask for my posts to be deleted simply because they're my posts.
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February 04, 2014, 07:43:20 PM
 #29315

If one's Neptune is at their hosting site rather than shipped to the customer, it will likely never appear on Ebay and never appear as outright competition.
dropt
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February 04, 2014, 07:46:24 PM
 #29316

If one's Neptune is at their hosting site rather than shipped to the customer, it will likely never appear on Ebay and never appear as outright competition.

Of course it won't.  They'll be in control of your hardware.  Further, they're not going to spend their own money to host your shit, they're going to re-sell your hashpower for profit.
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February 04, 2014, 07:56:36 PM
 #29317

So who wants to buy a KNC controller card for a mercury/neptune/saturn?

Don't think I will have a use for it now.



ya, i bought a soldering/rework station for adding headers onto my Nov Jupiters that will now prolly just collect dust........

Sigh, I just bought a bag of the sockets and have a new roll of ribbon cable here unused.  What's the emoticon for empathy?
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February 04, 2014, 07:59:16 PM
 #29318

And to think at one point I suspected you were a crazy conspiracy theorists. Tuens out you were right on.

Explains why the network difficulty has had such major increases while KNC and Cointerra weren't shipping. I knew antminers were selling fast, but yeah, there's out network protection plan, or for KNC a Netowk Pock Plan, just pocket their share of the network. Nice way to announce that they are completely screwing their early adopters by hashing well above 5% against them, just sell it to your "plan B" company and now they're a customer. Isn't "plan B" usually scrap the place and get out?


I've been predicting their future behaviour based on their past behaviour.

They usually go dead silent when they are fucking people over. That's their typical behaviour, proved many times before.

They were dead silent at the end of September. They were dead silent coming up to the 15th October. They were dead silent about November Jupiter's delays until the day they were supposed to start shipping them.

The last two months of silence - you could be sure they were planning something mega shitty Grin

Just a matter of piecing together the byteminr announcement in December to their hardware supplier to guess what that was.

And yes, this certainly explains the major difficulty rises in December etc. It could only have been caused by a major asic company shipping high hashrate machines in bulk. And there was only one company in the position to do that.

"I am not The Avenger"
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soy
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February 04, 2014, 08:04:29 PM
 #29319

Yeah.. I'm not a KnC customer - BFL (ugh) and HF (ugh) - but when I saw this, my first reaction (and it remains my reaction) is that the consumer-miner is out of business once the present generation of machines is no longer viable - those are already delivered or whose delivery is obliged by contract. 

We're walking dead.  Zombies.  Mining will now be done by chip companies, probably allied with capital for datacenter fab and operation.  You might buy shares, but shares that will only ROI with steep BTC appreciation.  It's over.  And I barely even started!

Possibly true - on the other hand having one of two of the best machines in a home should approach the profit/machine of the large farms in cold climes with cheap energy because they'll pay rent and wages.
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February 04, 2014, 08:06:19 PM
 #29320

And to think at one point I suspected you were a crazy conspiracy theorists. Tuens out you were right on.

Explains why the network difficulty has had such major increases while KNC and Cointerra weren't shipping. I knew antminers were selling fast, but yeah, there's out network protection plan, or for KNC a Netowk Pock Plan, just pocket their share of the network. Nice way to announce that they are completely screwing their early adopters by hashing well above 5% against them, just sell it to your "plan B" company and now they're a customer. Isn't "plan B" usually scrap the place and get out?


I've been predicting their future behaviour based on their past behaviour.

They usually go dead silent when they are fucking people over. That's their typical behaviour, proved many times before.

They were dead silent at the end of September. They were dead silent coming up to the 15th October. They were dead silent about November Jupiter's delays until the day they were supposed to start shipping them.

The last two months of silence - you could be sure they were planning something mega shitty Grin

Just a matter of piecing together the byteminr announcement in December to their hardware supplier to guess what that was.

And yes, this certainly explains the major difficulty rises in December etc. It could only have been caused by a major asic company shipping high hashrate machines in bulk.

My take is somewhat slightly different. Congratulations all KNC customers you have successfully financed one of the largest private bitcoin mining operations in the world.

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