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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008461 times)
ImI
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February 14, 2014, 03:15:27 AM
 #29921


Are they refunding via BTC or wire?


According to earlier posts by others, both.

So i could choose?
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February 14, 2014, 04:15:41 AM
 #29922


Are they refunding via BTC or wire?


According to earlier posts by others, both.

So i could choose?

Don't know. You'd have to ask KnC.
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February 14, 2014, 04:22:56 AM
 #29923


Are they refunding via BTC or wire?


According to earlier posts by others, both.

So i could choose?


i'd probably get it in USD myself but what do i know

me...i'm considering buying it at these prices.....the assumption being that
tech issues on the coin and mtgox other exchanges will work themselves out

Searing

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February 14, 2014, 04:39:54 AM
 #29924

since KNC killed this thread with no more miners...  there's a few lulz within the cointerra user guide

http://cointerra.com/user-guide/

see if you can spot them all.. also, I couldn't find the section instructing the user on how to get ROI..  must not be included in this model



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edgar
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February 14, 2014, 06:07:45 AM
 #29925

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.

id say june 30th is the ABSOLUTE EARLIEST we would see anything... we have received late on every single 'batch' they ve ever released despite promises and expectations.

its all been lies.. lies to squeeze as much money out of us as possible.

i wanted to believe, and voted with my wallet.

now i am just disgusted, just like i am with avalon, bfl, hashfast, and especially all the scammers & shills!!

dis-gus-ted!!

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February 14, 2014, 08:55:50 AM
 #29926

I've asked for a refund of Neptune last week, and got the money back today. Quick and professional customer service.
My main concern was that according to this calculator http://btcinvest.net/en/bitcoin-mining-profit-calculator.php, the miner would need to come on line end of March at the latest to break even. I'll be watching KnC's foray into cloudhashing with interest, and maybe buy shares from them if they would appear to be at least a little profitable.

In the meantime, the fiat money that I got refunded got redirected strait back to Bitstamp, and if the price on Monday/Tuesday stays about the same as today, I will have made BTC6 of pure profit. Cheesy

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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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February 14, 2014, 09:28:53 AM
 #29927

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.

Why?
How much earlier than promised were Jupiters delivered?
If they deliver on June 30th they are not technically late.

BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
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February 14, 2014, 10:04:37 AM
 #29928

Update:

All,
As we are getting closer to the launch date of Neptune. We are able to release more of the products as we are still on track. So today there are now 1000 more products in the shop. This is the second half batch two and will ship alongside the first half.
This batch will also be covered by our online hashing (Plan B), if we are late we will simply give you a choice of converting to our online hosted hashing of 3TH from our facilities if you wish to
Thanks

Neptune here, referral disclaimer Smiley

1968tcDq5kiChmByZPD4gdyCH9sN7mWY8x
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February 14, 2014, 10:42:44 AM
 #29929

Buying BTC if you have USDs instead of buying BTC miners now.
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February 14, 2014, 10:49:11 AM
 #29930

Wow, that many have canceled - close to one third..

Anyone knows about the exact date when Neptunes (batch1,2,3) are considered late?


Buying BTC if you have USDs instead of buying BTC miners now.
At least buy them with the opportunity for some extra-hashrate on top of it if you want hashing power Wink

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February 14, 2014, 11:27:18 AM
 #29931

heh check this out..man they have the balls don't they


imho these 1000 units if I read right are refunds imho

https://www.kncminer.com/news/news-76

ie Neptunes back on sale heh sorta

Searing

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February 14, 2014, 11:31:14 AM
 #29932

heh check this out..man they have the balls don't they


imho these 1000 units if I read right are refunds imho

https://www.kncminer.com/news/news-76

ie Neptunes back on sale heh sorta

Searing


1000 refunded orders, that's gonna hurt.

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February 14, 2014, 11:49:04 AM
 #29933

1000 refunded orders, that's gonna hurt.
Not if you are mining with equipment purchased with customers money, selling the btc and giving people refunds with the mining profits.

I certainly didn't see any comment in the newsletter about the video we've all seen with 1000 boards hashing in their new datacentre.

"I am not The Avenger"
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February 14, 2014, 11:50:15 AM
 #29934

1000 refunded orders, that's gonna hurt.
Not if you are mining with equipment purchased with customers money, selling the btc and giving people refunds with the mining profits.

I certainly didn't see any comment in the newsletter about the video we've all seen with 1000 boards hashing in their new datacentre.

true enough, reckon they'll sell 'em?

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February 14, 2014, 11:55:50 AM
 #29935

forgive me, i missed the video & only saw the pics.

do i have to go rummaging through the trash or has someone got the link handy?
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February 14, 2014, 11:57:43 AM
 #29936

1000 refunded orders, that's gonna hurt.
Not if you are mining with equipment purchased with customers money, selling the btc and giving people refunds with the mining profits.

I certainly didn't see any comment in the newsletter about the video we've all seen with 1000 boards hashing in their new datacentre.

true enough, reckon they'll sell 'em?
I don't think they care too much about Neptune in 2014.

They will force everybody onto a 6 month cloud hashing contract. I mean, if they announce you can have 6 months cloud from June or wait for Neptune, that is going to be delayed until at least November, who in their right mind would wait?

Eventually they'll make Neptune, to pad out their arctic empire, as it will be lower power than the jupiter boards. But probably we won't see it until 2015.

In the meantime, we'll see just how much truth lies behind their February 2014 statement of "As we are getting closer to the launch date of Neptune", as time progresses.

"I am not The Avenger"
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February 14, 2014, 11:58:40 AM
 #29937

Edgar -> http://www.gp.se/nyheter/sverige/1.2276893-datorhall-for-bitcoin-byggs-i-boden

"I am not The Avenger"
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February 14, 2014, 12:05:33 PM
 #29938

1000 refunded orders, that's gonna hurt.
Not if you are mining with equipment purchased with customers money, selling the btc and giving people refunds with the mining profits.

I certainly didn't see any comment in the newsletter about the video we've all seen with 1000 boards hashing in their new datacentre.

true enough, reckon they'll sell 'em?
I don't think they care too much about Neptune in 2014.

They will force everybody onto a 6 month cloud hashing contract. I mean, if they announce you can have 6 months cloud from June or wait for Neptune, that is going to be delayed until at least November, who in their right mind would wait?

Eventually they'll make Neptune, to pad out their arctic empire, as it will be lower power than the jupiter boards. But probably we won't see it until 2015.

In the meantime, we'll see just how much truth lies behind their February 2014 statement of "As we are getting closer to the launch date of Neptune", as time progresses.

How close is "closer", is "closer" close enough?.... and when doesnt "closer" start to be not close enough anymore...

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February 14, 2014, 12:08:01 PM
 #29939

1000 refunded orders, that's gonna hurt.
Not if you are mining with equipment purchased with customers money, selling the btc and giving people refunds with the mining profits.

I certainly didn't see any comment in the newsletter about the video we've all seen with 1000 boards hashing in their new datacentre.

true enough, reckon they'll sell 'em?
I don't think they care too much about Neptune in 2014.

They will force everybody onto a 6 month cloud hashing contract. I mean, if they announce you can have 6 months cloud from June or wait for Neptune, that is going to be delayed until at least November, who in their right mind would wait?

Eventually they'll make Neptune, to pad out their arctic empire, as it will be lower power than the jupiter boards. But probably we won't see it until 2015.

In the meantime, we'll see just how much truth lies behind their February 2014 statement of "As we are getting closer to the launch date of Neptune", as time progresses.

well I would love to be completely wrong on this, but as you know, i've always said we won't see 20nm bitcoin mining rigs until at least 2015... please KnC prove me wrong.

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February 14, 2014, 12:58:10 PM
 #29940


     ID         Speed
 431474 345,103.71 GH/s
 348870 342,438.93 GH/s
 269032 210,197.30 GH/s

#2 is Antminer
#3 is Alydian

but who is that new king on the block?   Cloudhashing?


~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
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