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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012831 times)
ncs0ne
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February 04, 2014, 08:43:32 PM
 #29341


after your post (?)
the hashrate has been redirected/turned off

Code:
12 hours 544.49 Th/s 5476655520
3 hours 521.28 Th/s 1310795508
22.5 minutes 289.21 Th/s 90904888
256 seconds 0.00 kh/s 0
128 seconds 0.00 kh/s 0

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idee2013
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February 04, 2014, 08:49:24 PM
 #29342


after your post (?)
the hashrate has been redirected/turned off

Code:
12 hours 544.49 Th/s 5476655520
3 hours 521.28 Th/s 1310795508
22.5 minutes 289.21 Th/s 90904888
256 seconds 0.00 kh/s 0
128 seconds 0.00 kh/s 0

wow..nice one
The Avenger
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February 04, 2014, 08:55:20 PM
 #29343

Bitcoinorama has been online at least 4 times since the news broke and is online right now. You can expect answers to your questions straight away!

"I am not The Avenger"
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joeventura
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February 04, 2014, 09:03:36 PM
 #29344

Bitcoinorama has been online at least 4 times since the news broke and is online right now. You can expect answers to your questions straight away!

Don't expect that, frankly he is a great guy but the people he works for are NOT sharing EVERYTHING with him so we should collectively give him a break and not kill the messenger (or lack thereof)

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February 04, 2014, 09:05:16 PM
 #29345


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"



I'd vote for:
"All the blocks only one world apart"


Regarding their NPS, I guess I understand now why they didn't sell anything.
It was them who increased the diff, so they would have "protected" us from them and not from their competitors as stated in the NPS.
Maybe it was meant from the beginning to be this way?: if there's competition shipping en mass KnC would need additional money to build additional hw for themselves and it would be paid with the margin from sales

yes.  knc has so disappointed me that i'm never going to move to sweden.



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temen
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February 04, 2014, 09:05:29 PM
 #29346

So if that was KNC they have mined about 3800 BTC right now and just switched off.

They guy with the dividend idea would be right. If neptune was fundraiser for the mining pool, then there should be part of the pool, as if theres future adding of hashrate (as there will be, with newest asic revision) these should be accounted for also. But the money talks and....... walks
chrono030
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February 04, 2014, 09:07:38 PM
 #29347


after your post (?)
the hashrate has been redirected/turned off

Code:
12 hours 544.49 Th/s 5476655520
3 hours 521.28 Th/s 1310795508
22.5 minutes 289.21 Th/s 90904888
256 seconds 0.00 kh/s 0
128 seconds 0.00 kh/s 0

wow..nice one

They've been mining there for a long while.  It has been pointed out a number of times that it is very likely to be KNC.  It certainly isnt hashfast (the pool admin confirmed as much).
The Avenger
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February 04, 2014, 09:09:56 PM
 #29348

Bitcoinorama has been online at least 4 times since the news broke and is online right now. You can expect answers to your questions straight away!

Don't expect that, frankly he is a great guy but the people he works for are NOT sharing EVERYTHING with him so we should collectively give him a break and not kill the messenger (or lack thereof)
Well, that is the excuse he uses so that nothing he says can be considered official.

And if nothing KNC's Director of Communications says can be considered official, and he is the only "official" spokesperson for knc on this forum, where does that leave people?

(I believe a creek and paddle are involved.)

"I am not The Avenger"
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Biomech
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February 04, 2014, 09:10:45 PM
 #29349

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

insider?
mind reader?
master spy?
or just plain smart?

from everything I have seen, the bolded meets Occams razor...

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February 04, 2014, 09:11:19 PM
 #29350

That would most likely be 275 cointerra machines?

Slowly building up since start of December
The Avenger
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February 04, 2014, 09:12:16 PM
 #29351

That would most likely be 275 cointerra machines?

Slowly building up since start of December
From the time knc finished shipping November batch you mean?

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idee2013
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February 04, 2014, 09:13:08 PM
 #29352

That would most likely be 275 cointerra machines?

Slowly building up since start of December
From the time knc finished shipping November batch you mean?

+1

sorry but for me it is to obvious what happend 2 hours ago...or someone else is trying to hide something
Bogart
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February 04, 2014, 09:13:13 PM
 #29353

Still visible on the kncminer.com FAQ page, item #2:

We will not mine with more than 5% of the hash rate we sell

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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February 04, 2014, 09:15:50 PM
 #29354

That would most likely be 275 cointerra machines?

Slowly building up since start of December
From the time knc finished shipping November batch you mean?

+1

that would be between 700 - 950 jupiters.

even if it was KnC

15,704,175 - 5% = 785208.75

540000 GH is not 5% of the network
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February 04, 2014, 09:16:52 PM
 #29355

Will someone please explain both sides of this

It's smart to keep your Neptune order because:


You are all forgetting who you are dealing with. You are dealing with KnC, not Hashfast, cointerra, Avalon, VMC, etc

KnC were very fair to their October hosted customers.
1) they gave 5 BTC compensation for being about 7 days late
2) they extended the 6 months paid hosting by 1 month
3) they gave additional hashrate (worth about 9btc) for 2 months for hosted Jupiters

Now if you were to 3rd party colocate a Neptune, using about 2700kw power, you will be paying about $650/month plus another $400-600 for the 2 PSUs. Say 6 x 650 + 500 = $4400

The future (4-5 months from now when difficulty is over 20 billion) is centralized hashing in big datacentres with cheap electricity and cooling.
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February 04, 2014, 09:18:01 PM
 #29356

That would most likely be 275 cointerra machines?

Slowly building up since start of December
From the time knc finished shipping November batch you mean?

+1

that would be between 700 - 950 jupiters.
Amusing the address ends in 1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX - they know they are f&%king someone  Grin

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February 04, 2014, 09:20:39 PM
 #29357

Well they basically mislead Jupiter/Saturn/Mercury customers and caused them to delay making other purchases.

They have had their factory going full tilt likely making 28nm cards that they have no intention of selling to the customers that got them off the ground unless they bought into their next generation of devices (thats a big FU in my book)




Absolutely agree.


They never mentioned whether they were selling upgrades so I asked that question explicitly,

If the answer comes back NO then I am done with KNC.

They caused me to delay, spend money I didn't need to and I am not a Neptune customer and don't plan on being one.


I also want to know about the Upgrade Modules as they didn't mention anything about it. I'm with Joe, if they don't sell the modules, I'm done with KNC. I've waited for so long to purchase the modules, and nothing.

It seems they don't really give a shit about their first customers, the people that helped them get off the ground, they only care about their current "Neptune" customers.

Guess I'll be adding more Ants to my farm until something better comes along.




EDIT: Anyone think about what happens to all those miners in the newly built data center IF Plan A actually comes through? That is a shit ton of hashing dedicated just to KNC. I'm fairly certain that would be WAY above and beyond the 5% they've declared to mine for them selves.

My guess would be that they sell shares like CEX does. It's a successful model, so why not?

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OmegaCentauri
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February 04, 2014, 09:23:03 PM
 #29358

That would most likely be 275 cointerra machines?

Slowly building up since start of December

that would be between 700 - 950 jupiters.

even if it was KnC

15,704,175 - 5% = 785208.75

540000 GH is not 5% of the network

Is it just me, or is there a pattern emerging here?  Wink
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February 04, 2014, 09:23:10 PM
 #29359

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

insider?
mind reader?
master spy?
or just plain smart?

from everything I have seen, the bolded meets Occams razor...

Well I am not a spy and if I was a mind reader then I wouldn't be using my powers here that's for sure.


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OmegaCentauri
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February 04, 2014, 09:30:28 PM
 #29360

that would be between 700 - 950 jupiters.

even if it was KnC

15,704,175 - 5% = 785208.75

540000 GH is not 5% of the network

Elastic, your comprehension skills seem to be lacking.

Still visible on the kncminer.com FAQ page, item #2:

We will not mine with more than 5% of the hash rate we sell

Also, you seem to be using an old statistic for the BTC network hashrate too. It's currently at 18.43 million, not 15.7 million.

So, yes. They are in fact mining with more than 5% of what they've sold.
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