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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011160 times)
raskul
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February 13, 2014, 07:12:14 PM
 #29901

you could buy 26 btc atm. you think your order will mine you that much with that 4 pth datacenter incoming?

Mota, he's run the hard numbers. He's got it in the bank pretty much already. Don't doubt him.
this is just trolling ^^
why do some people think they can decide what is best for everybody?
if 1neptune wants to keep their order, then let them get on with it, it doesn't concern you in the slightest. don't be a dick your whole life.

It's not trolling, it's kidding around. I'm as interested in seeing the numbers as anyone else. He's claimed he's proved the math that they will be profitable into 2015, and told us all to do the math. So I'd love to see the math myself since many of us did this math awhile back when BTC was @ $1k/USD and it still wasn't profitable then. Some of us used moving and smoothing averages too.

Even put some magic sprinkles on top.

fair enough, in that case don't be so lazy, do your own numbers  Kiss

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1Neptune
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February 13, 2014, 07:12:57 PM
 #29902

you could buy 26 btc atm. you think your order will mine you that much with that 4 pth datacenter incoming?

Mota, he's run the hard numbers. He's got it in the bank pretty much already. Don't doubt him.
this is just trolling ^^
why do some people think they can decide what is best for everybody?
if 1neptune wants to keep their order, then let them get on with it, it doesn't concern you in the slightest. don't be a dick your whole life.

Thanks for the laugh. That's funny. After all, it's my money, not from anyone else, so why do they complain? That's just not logical.

All the numbers are in a spreadsheet and I'm not aware if this forum's software allows posting a spreadsheet. Even so, it may or may not be a competitive advantage, so consider it a trade secret.

No, my orders won't compete with a 4 pth data center incoming, but it's not active now, is it? When and if it does become active, that will change the numbers and I suspect change the hold signal to refund/sell.
vesperwillow
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February 13, 2014, 07:18:26 PM
 #29903


fair enough, in that case don't be so lazy, do your own numbers  Kiss

Lol.. I did, 3 months ago.. 2 months ago.. a month ago.. Several of us did, the folks who didn't preorder, and some folks recently who cancelled. BTC at $1k/USD with a conservative difficulty, Neptunes would never ROI (regain the BTC spent), unless they were delivered by March-April. May pushed you into "youd get most of your BTC back but not all". Beyond that it was just dead weight.

This presumed you paid for your electrical costs. Pushing those aside gave you half a month.

Some of us had varying estimates for difficulty. Mine presumed 7-10PH would come online before delivery, and I was scoffed at. Not so much anymore eh?

So yeah.. love to see the hard numbers which can make them profitable, not just upon delivery, but all year.

All the numbers are in a spreadsheet and I'm not aware if this forum's software allows posting a spreadsheet. Even so, it may or may not be a competitive advantage, so consider it a trade secret.

It's not hard to go to your sheets and let us know what your estimates for each month will be for: Difficulty, BTC value. That will dictate ROI. 5 data points would be sufficient. Trade secret? Wow.. alrighty. Your previous Executive-styled post about how all of us were basically off our rockers is one thing, but to claim you know the future of this year based on hard numbers and then to say they're a secret?

Definitely puts you in a class of your own.

Thanks for the laugh.

No sir, no sir.. thank you! Cheesy

1Neptune
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February 13, 2014, 07:29:06 PM
 #29904


fair enough, in that case don't be so lazy, do your own numbers  Kiss

Lol.. I did, 3 months ago.. 2 months ago.. a month ago.. Several of us did, the folks who didn't preorder, and some folks recently who cancelled. BTC at $1k/USD with a conservative difficulty, Neptunes would never ROI (regain the BTC spent), unless they were delivered by March-April. May pushed you into "youd get most of your BTC back but not all". Beyond that it was just dead weight.

This presumed you paid for your electrical costs. Pushing those aside gave you half a month.

Some of us had varying estimates for difficulty. Mine presumed 7-10PH would come online before delivery, and I was scoffed at. Not so much anymore eh?

So yeah.. love to see the hard numbers which can make them profitable, not just upon delivery, but all year.

All the numbers are in a spreadsheet and I'm not aware if this forum's software allows posting a spreadsheet. Even so, it may or may not be a competitive advantage, so consider it a trade secret.

It's not hard to go to your sheets and let us know what your estimates for each month will be for: Difficulty, BTC value. That will dictate ROI. 5 data points would be sufficient. Trade secret? Wow.. alrighty. Your previous Executive-styled post about how all of us were basically off our rockers is one thing, but to claim you know the future of this year based on hard numbers and then to say they're a secret?

Definitely puts you in a class of your own.

Thanks for the laugh.

No sir, no sir.. thank you! Cheesy

I wasn't telling anyone they were off their rockers, I was simply stating what I was doing and what my determination was and basically how I arrived there.

As to data points, as someone else said, do your own numbers. Interestingly I've been seeing the prediction for the next diff actually decrease over the past week, not increase. That's been a bit of a surprise.

Thanks for the confirmation I'm in a class of my own. Friends that have known me for decades would agree with you.
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February 13, 2014, 07:36:39 PM
 #29905


Impressive, but how reliable is the info that this is the New KNC datacenter.
If it is true, then this is some impressive sleuthing.


What should infuriate you all is that while we were begging for a few upgrade modules around Nov/Dec of 2013 this plan was already underway and they were rolling off 28nm off their assembly line as fast as can be AND they were taking your money for Neptunes with one hand and reducing your chance of ROI on those same Neptunes with the other hand.

At this moment you are being robbed just a little more every hour.

We are talking adding a full Petahash and there will be another 2 or 3 right behind it.

Your Neptunes are ALREADY paperweights.

Sam went to the Josh school of customer f*cking and he got a PhD!

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raskul
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February 13, 2014, 07:38:40 PM
 #29906


Impressive, but how reliable is the info that this is the New KNC datacenter.
If it is true, then this is some impressive sleuthing.


What should infuriate you all is that while we were begging for a few upgrade modules around Nov/Dec of 2013 this plan was already underway and they were rolling off 28nm off their assembly line as fast as can be AND they were taking your money for Neptunes with one hand and reducing your chance of ROI on those same Neptunes with the other hand.

At this moment you are being robbed just a little more every hour.

We are talking adding a full Petahash and there will be another 2 or 3 right behind it.

Your Neptunes are ALREADY paperweights.

Sam went to the Josh school of customer f*cking and he got a PhD!

i think it wasn't just a Pfffft, he got, i think he got all these letters after his name;


Pfffft, I JsT Dnt Gv A SH1T3


sad to see... perhaps when they said 5%, what they ACTUALLY meant was 5% of the overall network hashrate?

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February 13, 2014, 07:50:06 PM
 #29907


What should infuriate you all is that while we were begging for a few upgrade modules around Nov/Dec of 2013 this plan was already underway and they were rolling off 28nm off their assembly line as fast as can be AND they were taking your money for Neptunes with one hand and reducing your chance of ROI on those same Neptunes with the other hand.

At this moment you are being robbed just a little more every hour.

We are talking adding a full Petahash and there will be another 2 or 3 right behind it.

Your Neptunes are ALREADY paperweights.

Sam went to the Josh school of customer f*cking and he got a PhD!

Indeed.  If a massive DC was always the plan, it would have been one thing to do it with private funds.  Instead they made promises, built the company and used customer money for everything.

Now they have betrayed and screwed the people who let their company exist.  Hope they can sleep at night.
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February 13, 2014, 08:11:04 PM
 #29908

As to data points, as someone else said, do your own numbers. Interestingly I've been seeing the prediction for the next diff actually decrease over the past week, not increase. That's been a bit of a surprise.

IMO shouldn't be a surprise if you're really keeping up with the BTC world. Exchange and confirmation issues due to bugs and network attacks, part of why the value has gone down as well.

Now they have betrayed and screwed the people who let their company exist.  Hope they can sleep at night.

Just one more reminder of why cryptocurrency movements like this were always designed to be distributed among the people vice gobs of power given to a few.

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February 13, 2014, 09:11:47 PM
 #29909

Lol.. I did, 3 months ago.. 2 months ago.. a month ago.. Several of us did, the folks who didn't preorder, and some folks recently who cancelled. BTC at $1k/USD with a conservative difficulty, Neptunes would never ROI (regain the BTC spent), unless they were delivered by March-April. May pushed you into "youd get most of your BTC back but not all". Beyond that it was just dead weight.

Don't worry about the difficulty, it levelled off 4 months ago. If Bitcoinorama was still around, he'd tell you the same thing:

Dude the hashrate is about to level out for a bit not, continue growing like this for a while.

Buy & Hold
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February 13, 2014, 09:16:12 PM
 #29910


fair enough, in that case don't be so lazy, do your own numbers  Kiss

Lol.. I did, 3 months ago.. 2 months ago.. a month ago.. Several of us did, the folks who didn't preorder, and some folks recently who cancelled. BTC at $1k/USD with a conservative difficulty, Neptunes would never ROI (regain the BTC spent), unless they were delivered by March-April. May pushed you into "youd get most of your BTC back but not all". Beyond that it was just dead weight.

This presumed you paid for your electrical costs. Pushing those aside gave you half a month.

Some of us had varying estimates for difficulty. Mine presumed 7-10PH would come online before delivery, and I was scoffed at. Not so much anymore eh?

So yeah.. love to see the hard numbers which can make them profitable, not just upon delivery, but all year.

All the numbers are in a spreadsheet and I'm not aware if this forum's software allows posting a spreadsheet. Even so, it may or may not be a competitive advantage, so consider it a trade secret.

It's not hard to go to your sheets and let us know what your estimates for each month will be for: Difficulty, BTC value. That will dictate ROI. 5 data points would be sufficient. Trade secret? Wow.. alrighty. Your previous Executive-styled post about how all of us were basically off our rockers is one thing, but to claim you know the future of this year based on hard numbers and then to say they're a secret?

Definitely puts you in a class of your own.

Thanks for the laugh.

No sir, no sir.. thank you! Cheesy

I wasn't telling anyone they were off their rockers, I was simply stating what I was doing and what my determination was and basically how I arrived there.

As to data points, as someone else said, do your own numbers. Interestingly I've been seeing the prediction for the next diff actually decrease over the past week, not increase. That's been a bit of a surprise.

Thanks for the confirmation I'm in a class of my own. Friends that have known me for decades would agree with you.

magicmoneyprintingmachine.itis is just getting started.  in a lousy economy, the prospect of a magicmoneyprinter will be just too tempting.



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1Neptune
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February 13, 2014, 09:21:34 PM
 #29911


magicmoneyprintingmachine.itis is just getting started.  in a lousy economy, the prospect of a magicmoneyprinter will be just too tempting.

I've got a box that I paid about $1700 to build that's generated $1080 after it paid for itself first. No magic, just math... and electricity. Oh, it works good as a heater in winter too. It doesn't replace the day job but at least it's a profitable hobby.
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February 13, 2014, 10:12:49 PM
 #29912


magicmoneyprintingmachine.itis is just getting started.  in a lousy economy, the prospect of a magicmoneyprinter will be just too tempting.

I've got a box that I paid about $1700 to build that's generated $1080 after it paid for itself first. No magic, just math... and electricity. Oh, it works good as a heater in winter too. It doesn't replace the day job but at least it's a profitable hobby.

Right, unfortunately that's even more tempting to some - the rising difficulty notwithstanding.  And once they pay out money for a miner they'll keep it hashing as long as possible for two reasons, it has to make its cost back and btc might hit $40k according to those very rich brothers, also that with increasing difficulty it makes more sense to keep it running in the present rather than shut it down hoping the difficulty will drop.  I don't see those things changing.

I wonder what percentage of the network hashrate is in homes, garages and backyard sheds and what percentage is in rental or owned commercial facilities as full fledged businesses.



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February 13, 2014, 10:46:44 PM
 #29913


I wonder what percentage of the network hashrate is in homes, garages and backyard sheds and what percentage is in rental or owned commercial facilities as full fledged businesses.

dunno about hashrate distribution, but my gut feeling is telling that the trend is moving toward commercial facilities

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February 13, 2014, 10:49:46 PM
 #29914

Well, it looks like they already have the hashrate to cover batch 1a.  IMHO, batch 1a will be considered late in mid May.  As the final batch two was sold to be shipped in quarter two.  Batch 1b a month before that and batch 1a a few weeks before that.  So in IMO mid May is the latest they can leave it for batch 1a.

Batch 1a was listed as Q1/Q2.
It is late on July 1st.
Anything else is wishful thinking.

I disagree. If the farm is ready by mid March, then I would expect hashing for customers would start almost immediately. I don't think that customers would tolerate anything else. Is it possible that they would first hash on massive power for themselves? Yes, it is possible, but would be wrong on so many levels-it is not even funny. They want to stay in business year after year-you cannot do that if you upset your customers. Hashing totally for themselves is super risky because it opens up for massive losses due to currency/BTC price fluctuation.

When is the farm 'ready'?
When the first unit goes in? When they have enough hashing power to replicate all Neptunes ordered?
Yes I think they will hash for themselves (or sell cloud hashing), why on earth wouldn't they.
They've offered you cloud hashing if your unit is late. Late means not Q1/Q2.

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February 13, 2014, 11:09:15 PM
 #29915

Well, it looks like they already have the hashrate to cover batch 1a.  IMHO, batch 1a will be considered late in mid May.  As the final batch two was sold to be shipped in quarter two.  Batch 1b a month before that and batch 1a a few weeks before that.  So in IMO mid May is the latest they can leave it for batch 1a.

Batch 1a was listed as Q1/Q2.
It is late on July 1st.
Anything else is wishful thinking.

I disagree. If the farm is ready by mid March, then I would expect hashing for customers would start almost immediately. I don't think that customers would tolerate anything else. Is it possible that they would first hash on massive power for themselves? Yes, it is possible, but would be wrong on so many levels-it is not even funny. They want to stay in business year after year-you cannot do that if you upset your customers. Hashing totally for themselves is super risky because it opens up for massive losses due to currency/BTC price fluctuation.

When is the farm 'ready'?
When the first unit goes in? When they have enough hashing power to replicate all Neptunes ordered?
Yes I think they will hash for themselves (or sell cloud hashing), why on earth wouldn't they.
They've offered you cloud hashing if your unit is late. Late means not Q1/Q2.

Q1/Q2 does not mean June 30 by any reasonable means. I doubt that they will take this position. It is now documented that center is expected to be ready on Match 12 or about. To expect that they will hash for themselves until June 30 and leave everybody on a lurch is simply not reasonable. Nobody will ever deal with them afterwards. In addition, they want you hooked for years. Starting on July 1, 3th/s will NEVER produce $13200 in bitcoin without crazy bitcoin appreciation (To 3-4k). I think that KnC wants customers to make money, otherwise this would be their last sell.

Think about another point: it has been pointed out that they offered a few people refund in bitcoin. This means two things: a. they have plenty of bitcoin, which probably means that they are actively hashing and b. CUSTOMERS will get more bitcoins than are currently offered as refund, otherwise refunding in bitcoin does not make sense.

As you can see, i am trying to give KnC the benefit of the doubt. I will decide what to do once the timelines are clearer.
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February 13, 2014, 11:47:11 PM
 #29916

Starting on July 1, 3th/s will NEVER produce $13200 in bitcoin without crazy bitcoin appreciation (To 3-4k).

LOL @ "crazy bitcoin appreciation"

Umm HELLO, bitcoin HAS that potential!  It HAS done that repeatedly!  (think $26 fall to $5, $270 fall to $80, now $1200 fall to $600 ... guess what happens NEXT IN THIS CYCLE?! - $4K IS very realistic...)

Everyone buying original KnC units only made money because bitcoin appreciated a bunch in the first place!

I just remember with Avalons the consensus was those ASICS would "not be profitable above 2 billion difficulty" around the time they were purchased.  Umm we are over 2 billion today, do you think any of those Avalons have been shutoff?   LOL

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February 13, 2014, 11:55:43 PM
 #29917

Well, it looks like they already have the hashrate to cover batch 1a.  IMHO, batch 1a will be considered late in mid May.  As the final batch two was sold to be shipped in quarter two.  Batch 1b a month before that and batch 1a a few weeks before that.  So in IMO mid May is the latest they can leave it for batch 1a.

Batch 1a was listed as Q1/Q2.
It is late on July 1st.
Anything else is wishful thinking.

I disagree. If the farm is ready by mid March, then I would expect hashing for customers would start almost immediately. I don't think that customers would tolerate anything else. Is it possible that they would first hash on massive power for themselves? Yes, it is possible, but would be wrong on so many levels-it is not even funny. They want to stay in business year after year-you cannot do that if you upset your customers. Hashing totally for themselves is super risky because it opens up for massive losses due to currency/BTC price fluctuation.

When is the farm 'ready'?
When the first unit goes in? When they have enough hashing power to replicate all Neptunes ordered?
Yes I think they will hash for themselves (or sell cloud hashing), why on earth wouldn't they.
They've offered you cloud hashing if your unit is late. Late means not Q1/Q2.

Yes, I'm sure they're just breaking in those Arctic tower fans.



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1Neptune
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February 14, 2014, 12:45:10 AM
 #29918

Well item# 281265558529 just ended on ebay, a batch 0 Neptune, if the listing is correct, for $10,000 which means the original purchaser lost money on the deal. He should've refunded instead or let the auction run more than four hours.
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February 14, 2014, 01:16:00 AM
 #29919


Are they refunding via BTC or wire?

1Neptune
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February 14, 2014, 02:59:41 AM
 #29920


Are they refunding via BTC or wire?


According to earlier posts by others, both.
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