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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012035 times)
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February 07, 2014, 10:59:15 AM
 #29601

You can set a manual diff for each worker on Multipool too...

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February 07, 2014, 11:03:09 AM
 #29602

someone send KNC a few of these shirts

Here's a t-shirt for Neptune customers:

FRONT: I gave KNC $13,000 for a Neptune

BACK: And all I got was this lousy 3TH cloud hashing contract

Tongue

"I am not The Avenger"
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February 07, 2014, 12:16:21 PM
 #29603

10 MW @ 1W/GH = 10Th? 100TH? Seems fine by me with 100TH.
Yeah. A nov jup is about 1.2kw, so that's only about 8000 Jupiters. Only, he said.

Quite a bit more than 5% I'd say.

But of course, it's only to give their neptune customers free hashing in case of delays. And then they are melting down all the old jupiters for scrap metal.

A nov jup is NOT 1.2kW. I remember i saw people drawing ~800-900W.

So 10MW=1000kW= ~8000 TH? Is this right?(that's about 1/3 of total hashrate) I'm bad at math.
close enough

10,000,000 watts / 750 watts for jupiter = 13,333 jupiters
13,333 * 650 = 8,450,000 GH/s
8,450TH/s

next possible news letter from KNC......
'better save some coins handy for KNC bitcoin mining farm.'  Tongue

if can beat them, join them

Now what if they will offer special prices for previous customers on their cloud mining?


er my guess is NO...they have figured out it is easier/more $$$ to sell virtual miners to us all......imho if they do so in a more 'reasonable manner" then some of the other farms out there..the will capture the market...just by being even half assed 'fair' ....whatever you think of KNC's move they do allow refunds up to shipping and they have said they will honor their shipping date with virtual hash....( I could be wrong but I take that as Q1 customer appreciation units around april 1st or so..) if it drags out much longer then that for the 'virtual hash" to kick in I think everyone will bail..but again..if they take the middle road and not try to screw everything down like BFL in their favor ..they may just clean up...again probably better to get BTC I'm just saying ...it they are the 'best' of virtual miner options in the future....ie not gouge the heck out of everyone like the others they will clean up..we will see

but imho.....no equip after the Neptune...it will all be the on the farm....(it is gonna really really have to make sense and be reasonable for me to jump to ' Star Trek:holi-deck mining" ...just saying...can't see it right now as being worth the extra money spent for infrastructure etc....if it is to that point already..then probably BTC purchase direct is the way to go...I mean it sure does not look like regular non-hosting mining units to mom and pop are gonna work under this New World Order of mining imho

but hey they are a business that is where the money is.........well small fry are toast

as usual the above follow the conclusions I really really have NO IDEA....still grappling with all this

Searing

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February 07, 2014, 12:21:10 PM
 #29604

as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package

quoted from their announcement, emphasis mine.

well the month to month would really really have to beat the .15KWH I pay in elec for me to consider this

sad part is they probably can beat my elec costs on 2 neptunes...the fiends ...which means I will have some hard head scratching to do

the real question will be for most of us ...PUNT or 'virtual mine" .....unless they are getting batch customer appreciation out before april 1st either in a miner or a virtual miner format for no cost till said physical miner shows up....

I see more punting Neptunes back for refunds then virtual mining

man I'm so over my head

Searing

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February 07, 2014, 12:39:50 PM
 #29605

Who actually thinks that KnCMiner will deliver 20nm ASIC device before July 1st ?
This bet is for you Cheesy http://bitbet.us/bet/752/kncminer-will-deliver-20nm-asic-device-before-july/

My lucky BTC address : 1LoTTerY3WYbGxVRHvh8oDudDdTxFvvqWF
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February 07, 2014, 01:25:21 PM
 #29606

Who actually thinks that KnCMiner will deliver 20nm ASIC device before July 1st ?
This bet is for you Cheesy http://bitbet.us/bet/752/kncminer-will-deliver-20nm-asic-device-before-july/

Not this time!!! - lost 1 BC last October with Jups voting "Yes".... darn Wink

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February 07, 2014, 01:41:38 PM
 #29607


I see more punting Neptunes back for refunds then virtual mining


With the new hosting facility punting no longer hurts them...as far as mitigating refunds Plan B, for them, is Genius..

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February 07, 2014, 02:04:48 PM
 #29608

as usual the above follow the conclusions I really really have NO IDEA....still grappling with all this

Searing


Something some folks may not be considering is the resale value of their system, or lack thereof. If KNC doesn't allow for a transfer of equipment, will they allow a transfer of mining contract? At least with the hardware, there's always someone out on ebay willing to buy it from you, likely above MSRP even if you can sell it soon after receiving.

You could still subcontract the miner out, but would you ever get $13k back from it? Doubtful.

If it were me, I would look at it like this: A lot of the folks who were KNC-crazy the past few months, who claim to have made huge profits on their first units, either didn't preorder the Neptune or refunded their Neptunes over the past month.

That's worth considering.

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February 07, 2014, 02:59:18 PM
 #29609

as usual the above follow the conclusions I really really have NO IDEA....still grappling with all this

Searing


Something some folks may not be considering is the resale value of their system, or lack thereof. If KNC doesn't allow for a transfer of equipment, will they allow a transfer of mining contract? At least with the hardware, there's always someone out on ebay willing to buy it from you, likely above MSRP even if you can sell it soon after receiving.

You could still subcontract the miner out, but would you ever get $13k back from it? Doubtful.

If it were me, I would look at it like this: A lot of the folks who were KNC-crazy the past few months, who claim to have made huge profits on their first units, either didn't preorder the Neptune or refunded their Neptunes over the past month.

That's worth considering.

All correct - still - in case KnC provides 3 TH for CA batch in - lets say mid of April - I still consider it a good deal - virtual or nonvirtual. This is for sure under the assumption they have honest motives, which a lot of people in here doubt (me not btw).

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February 07, 2014, 03:10:24 PM
 #29610

as usual the above follow the conclusions I really really have NO IDEA....still grappling with all this

Searing


Something some folks may not be considering is the resale value of their system, or lack thereof. If KNC doesn't allow for a transfer of equipment, will they allow a transfer of mining contract? At least with the hardware, there's always someone out on ebay willing to buy it from you, likely above MSRP even if you can sell it soon after receiving.

You could still subcontract the miner out, but would you ever get $13k back from it? Doubtful.

If it were me, I would look at it like this: A lot of the folks who were KNC-crazy the past few months, who claim to have made huge profits on their first units, either didn't preorder the Neptune or refunded their Neptunes over the past month.

That's worth considering.

Yup - and i bought coin instead.

Paid BTC10.71 for the customer appreciation batch.

Refunded $10,210

Bought coin for $762 each for a total of BTC13.34

BTC2.63 gain

One reason I bought the Neptune with BTC was because i thought it would be a good hedge against BTC/USD dropping




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February 07, 2014, 03:31:25 PM
 #29611

So I asked them.  I emailed them some questions and this is the response. I received the response from Keith Gurnett

Quote
Q3. Have you been manufacturing 28nm Miners all the time since you stopped the last batch of November Jupiters?
A3. No, we are creating the data center now for "Plan B" as a back up to be used if there are any delays with the Neptune production.

Q4. If so, have you been mining with the 28nm miners manufactured since November?
A4. We are mining, but we have not exceeded the 5% of the hash rate which has been released.

Q7. What date will you start offering to convert non-delivered Neptunes into hosted 28nm, and how much will be exchanged?
A7. Like above, if there are any delays customers will be provided with the hosted hash rate.

So... if they cessated manufacturing of 28nm jupiter modules; what exactly is powering the creation of their "World's largest" 28nm mining farm? Unicorn hashers?
If they haven't been manufacturing more 28nm jupiter modules, then just how many thousands did they hoard since the last sale in November?  Embarrassed

Got an update to my Q3. Have you been manufacturing 28nm Miners all the time since you stopped the last batch of November Jupiters?

Quote
Keith (kncminer)
Feb 07 15:12
Hi,
Apologies for the delay in replay and for not answering your question clearly. We have not been manufacturing 28nm miners since the shipping of the November batch completed. Our first priority is to develop and produce the 20nm Neptune miners and plan B will be put in place as a backup.
If you have any further questions please do not hesitate in contacting us.

Best regards  |
Med vänlig hälsning
Keith Gurnett
Kncminer
www.kncminer.com
Office: +46 8559 253 20



Cablez
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I owe my soul to the Bitcoin code...


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February 07, 2014, 03:32:23 PM
 #29612

Yup - and i bought coin instead.

Paid BTC10.71 for the customer appreciation batch.

Refunded $10,210

Bought coin for $762 each for a total of BTC13.34

BTC2.63 gain

One reason I bought the Neptune with BTC was because i thought it would be a good hedge against BTC/USD dropping


This +1000

Definite BTC ROI instead of elusive 'hope for', much less electricity cost, win/win.  It may not be as much fun as hardware mining but the results speak for themselves.

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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February 07, 2014, 03:34:57 PM
 #29613

TGB's 60 and 90 day estimates aren't garbage, they've done fairly well over the last few months. Back in September it was showing about a billion for January, and that wasn't far off.

So far, the people saying things like this are also the same people who got everything else wrong in this thread. Meanwhile myself, Avenger, and our non-english speaking friend, have had really great projections and speculation-come-true.

Bitcoin works well at $10 or $100? What does that matter? I'm sure it would work well at $1,000,000 also. Sounds like some folks are just upset and want hardware makers to suffer.

TGB works good for short term, but it (at least historically) continues to extrapolate an exponential increase in hashrate over the longer term. I haven't used that calc in several months, so this may be old news.

However, when it was first used to generate a lot of FUD, it showed such. That has already tapered off. What we'll likely see in coming months is a number of spikes where it goes up by a lot, followed by a small climb for a couple of diff periods. Then it will taper off. The problem, of course, is predicting how those spikes and valleys will happen. This is essentially impossible in the long term, and this is not solely a bitcoin problem. We know who the major players are, but there is a lot of interest in building and disseminating hashpower. Ultimately it will come down to the mix of exchange rate and electric costs.

Which seems to me to be a great opportunity, one I'm going to pursue. Off grid power generation is going to become necessary to the mining community sooner rather than later, or else a great many of these machines are indeed NOT going to achieve positive ROI in the not too distant future. Even if you, like me, don't care whether that ROI is bitcoin or fiat or gold or fucking cows. Yet if you could generate your own power, the useful life of the machines becomes indefinite, rather than extremely finite. I've long been interested in small scale power generation anyway. I have some interesting ideas along those lines, and when I get them firmed up a little better I'll start a thread regarding that. Not sure what subforum it should be on, though Smiley

On topic, I suspect that this hosting facility of KNCs is going to be a PR disaster for them. I think they would have been smarter to just do it quietly, sell Jupiters, and be up front about any delays. I think such a center would be good for the network as a whole, as it would put a cramp on CEX and force them to be more competitive in their share prices, plus leading just generally to more competition in cloud mining. But they way they appear to be doing this is, frankly, stupid.

I served on guppy2's, electric boats built in the late 1940's.  Ah, to have a single 1.5v cell from one of those.  Each cell weighted a few tons.



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February 07, 2014, 04:02:12 PM
 #29614

KNC offers 3 options to all fully paid Neptune customers.

source: http://www.coindesk.com/kncminer-offers-plan-b-case-neptune-miner-delivery-delay/



does this mean a 6 month contract costs $9,995 Huh
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February 07, 2014, 04:05:51 PM
 #29615

I purchased a Neptune. I'll wait because I think difficult jumps will be in order between 15-20 % max.
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February 07, 2014, 04:13:33 PM
 #29616

KNC offers 3 options to all fully paid Neptune customers.

source: http://www.coindesk.com/kncminer-offers-plan-b-case-neptune-miner-delivery-delay/



does this mean a 6 month contract costs $9,995 Huh


Choice 1 and 3 are mutually exclusive?  Take door number 3 and never get the actual Neptune?



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February 07, 2014, 04:23:38 PM
 #29617

if you ask me even orama doesn't like the turn of events otherwise he'd be here posting.

you think he's regretting he took a job at KNC?
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February 07, 2014, 04:32:34 PM
 #29618


Choice 1 and 3 are mutually exclusive?  Take door number 3 and never get the actual Neptune?

Yes nd. clarification on this.  Damn them I want the physical device.
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Stardust Dude


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February 07, 2014, 04:46:07 PM
 #29619

if you ask me even orama doesn't like the turn of events otherwise he'd be here posting.

you think he's regretting he took a job at KNC?
+1 (first remark)
second question: no

The fun part of bitcoin is ... it´s not about bitcoin!
“The best way to predict the future is to invent it.” – Alan Curtis Kay, 1971
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February 07, 2014, 05:12:53 PM
 #29620

KNC offers 3 options to all fully paid Neptune customers.

source: http://www.coindesk.com/kncminer-offers-plan-b-case-neptune-miner-delivery-delay/


Neptune customers t-shirt UPDATE:

FRONT: I gave KNC $13,000 for a Neptune

BACK: And all I got was this lousy 3TH cloud hashing contract for 6 months

Tongue

"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
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