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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011141 times)
bizzyb
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February 21, 2014, 02:45:35 PM
 #30241

Thanks for this.  Free 0.0086 BTC obtained Smiley

Not even enough for a game of satoshidice, now that is a big F you from KnC....... how dare they give away dust.....
I think it's a great marketing idea and a $25,000 investment to get more users involved in BTC.
All good.

I was speaking in jest and trying to mimic the moans and groans that have filled this thread this year.......


lol..sorry (I just never know on this thread)
At the same time though, i only found out about the app by reading this thread a few weeks back, so joined the mailing list as a beta tester.
I got a newsletter update today about the official appstore release. I have not read anything about this app else where and i highly doubt it has been advertised to a market who do not already own bitcoin.
I think they are relying on it becoming a bit "viral"

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Biffa
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February 21, 2014, 02:58:45 PM
 #30242

Thanks for this.  Free 0.0086 BTC obtained Smiley

Not even enough for a game of satoshidice, now that is a big F you from KnC....... how dare they give away dust.....
I think it's a great marketing idea and a $25,000 investment to get more users involved in BTC.
All good.

I was speaking in jest and trying to mimic the moans and groans that have filled this thread this year.......


lol..sorry (I just never know on this thread)
At the same time though, i only found out about the app by reading this thread a few weeks back, so joined the mailing list as a beta tester.
I got a newsletter update today about the official appstore release. I have not read anything about this app else where and i highly doubt it has been advertised to a market who do not already own bitcoin.
I think they are relying on it becoming a bit "viral"

It is quite interesting considering that you usually have to pay $5 for an app that they are effectively paying people $5 to use the app.

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February 21, 2014, 03:03:34 PM
 #30243

The app doesn't work on my USA phone.  I keep getting an error code, "Error sending SMS please try again (500)".  I rated the app a 1 star on the Play Store.


Edited to add.  I finaly received the activation code aobut 1 and 1/2 hours later.  Entered the code and it's working.  No $5.00 worth of bitcoin.  Guess I am not one of the first 1,000 user.
bizzyb
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February 21, 2014, 03:04:09 PM
 #30244

Thanks for this.  Free 0.0086 BTC obtained Smiley

Not even enough for a game of satoshidice, now that is a big F you from KnC....... how dare they give away dust.....
I think it's a great marketing idea and a $25,000 investment to get more users involved in BTC.
All good.

I was speaking in jest and trying to mimic the moans and groans that have filled this thread this year.......


lol..sorry (I just never know on this thread)
At the same time though, i only found out about the app by reading this thread a few weeks back, so joined the mailing list as a beta tester.
I got a newsletter update today about the official appstore release. I have not read anything about this app else where and i highly doubt it has been advertised to a market who do not already own bitcoin.
I think they are relying on it becoming a bit "viral"

It is quite interesting considering that you usually have to pay $5 for an app that they are effectively paying people $5 to use the app.
It's clever marketing (and in reality, the cost to KNC is neglible).
I like it.

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MONETARYUNIT
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Phoenix1969
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February 21, 2014, 04:51:29 PM
 #30245

I've gone back and recalculated the Boten facility, if they can get 200GH/s a board with Nov. boards and 1.00 firmware then that's 200TH/s a row so it looks like they're adding a row a day...

Edit: all of my units show increased speed with just installing 1.00, but I didn't install on the 2 over clocked units yet...


yeah...  we already know they can crank out over 200 jupiters a day...  when they were new at it.


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Mogumodz
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February 21, 2014, 07:24:00 PM
 #30246

KNC Wallet doesn't work on a Galaxy Tab 3.

Can't input a number that it won't say 'Invaild Phone Number'

Wild guess the app checks the phone number associated with the device which mine doesn't have.

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McKinley
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February 21, 2014, 07:28:21 PM
 #30247

since the Bitcoin Miner's crown looks as lost to Cointerra, maybe a Scrypt Miner could bring new glory to KNC ?
elasticband
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February 21, 2014, 08:14:59 PM
 #30248

KNC Wallet doesn't work on a Galaxy Tab 3.

Can't input a number that it won't say 'Invaild Phone Number'

Wild guess the app checks the phone number associated with the device which mine doesn't have.

are you entering your country code also?
Biffa
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February 21, 2014, 08:20:39 PM
 #30249

KNC Wallet doesn't work on a Galaxy Tab 3.

Can't input a number that it won't say 'Invaild Phone Number'

Wild guess the app checks the phone number associated with the device which mine doesn't have.

are you entering your country code also?

His tablet does not have a SIM

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February 21, 2014, 08:45:08 PM
 #30250

Thanks for this.  Free 0.0086 BTC obtained Smiley

Not even enough for a game of satoshidice, now that is a big F you from KnC....... how dare they give away dust.....
I think it's a great marketing idea and a $25,000 investment to get more users involved in BTC.
All good.

I was speaking in jest and trying to mimic the moans and groans that have filled this thread this year.......


lol..sorry (I just never know on this thread)
At the same time though, i only found out about the app by reading this thread a few weeks back, so joined the mailing list as a beta tester.
I got a newsletter update today about the official appstore release. I have not read anything about this app else where and i highly doubt it has been advertised to a market who do not already own bitcoin.
I think they are relying on it becoming a bit "viral"

It is quite interesting considering that you usually have to pay $5 for an app that they are effectively paying people $5 to use the app.
It's clever marketing (and in reality, the cost to KNC is neglible).
I like it.

They pay $5 for ur privacy:

Code:
This app has access to these permissions:

Network communication
full network access
control Near Field Communication
view network connections

Phone calls
read phone status and identity

Storage
modify or delete the contents of your USB storage

Bluetooth
pair with Bluetooth devices

Camera
take pictures and videos

Your social information
read your contacts
read call log

System tools
test access to protected storage
send sticky broadcast

Affects battery
control vibration
prevent device from sleeping

Your applications information
run at startup

rest of terms:  http://www.kncwallet.com/terms.htm

tl;dr; pretty good deal (from KnC Group AB's perspective)

The fun part of bitcoin is ... it´s not about bitcoin!
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February 21, 2014, 09:05:35 PM
 #30251

They buy your private data and the right to spam you.
maybe there's more, just read over some parts of it

14. OUR LIMITATIONS OF LIABILITY
14.2 We do not guarantee that (i) the App will be free of errors, viruses, bugs or other defects; or (ii) that the App or any information displayed or distributed through the App or in the Documentation will be accurate or complete; or (iii) that any defects in the App will be corrected.
14.4.5 LOSS OF GOODWILL;
14.6 our LIABILITY TO YOU, to the extent we cannot exclude it entirely, shall, where PERMISSABLE BY LAW, BE LIMITED TO [£10].


POLICY ON PRIVACY, DATA, COOKIES AND MARKETING COMMUNICATIONS

Your phone number, which will be paired the information necessary (...)
We store this information remotely (...)
We use this information to find out which phone numbers in your address book are paired with other downloads of the App. This means you can find friends who also use the App.
(...)
We may also use information in your social media accounts in a comparable way.
If you provide contact details to us through the App, we may use that information to contact you about your use of the App or to notify you about our products and services.

9. We may also record which parts of the App users use and user patterns. This information will be kept securely in accordance with an internal security policy.
10. We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries(...)
11. We may also disclose and/or license your personal data that we obtain from the use of the App (and other data you submit through the app) to third parties
12. We might send you emails about products or services which are similar to or related to the App, or contact you by email with information about the App. We will not send you any other emails or pass your information on to third parties unless you give your consent or you have given it already.
16. It may be necessary for us to transfer your information to countries outside the European Union which do not provide the same level of protection.

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February 21, 2014, 09:05:58 PM
 #30252

KNC Wallet doesn't work on a Galaxy Tab 3.

Can't input a number that it won't say 'Invaild Phone Number'

Wild guess the app checks the phone number associated with the device which mine doesn't have.

are you entering your country code also?

His tablet does not have a SIM

^^ This.

Wonder if they will just Limit it to phones then.

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February 21, 2014, 09:07:48 PM
 #30253

Calling KnC out on several fronts, from KnC's discussion board:

In another thread, Kurt of KnC posted:

"Hi Everyone,

It is our highest priority that our customer's are satisfied with the outcome of their Neptune purchases, if our customers are not satisfied, we do not have repeat business. We are currently the most respected and trustworthy ASIC company on the market, we aim to keep our reputation as this is what makes us unique in this business.

As we come closer to the end of the production period, we will start having more frequent updates to share, but for now we are on track and continuing as planned."

**********
With the difficulty rising so much so quickly recently, satisfying Neptune customers for their purchases in my view would require this:
... for each Neptune purchased, the customer will receive two - a 2 for 1 deal - and a bit more, detailed below.
**********

KnC building a data center to house 28nm technology in order to provide the idea floated as "plan B" in my view may or may not be a good idea, but it's not proven to be a good idea yet. What has been noticed by customers and written about on this board and on bitcointalk is a massive amount of hashing power added to the network at regular intervals. If this is attributable to KnC bringing online row after row of this new data center's 28nm technology hasn't been proven one way or the other, but to many this new data center is the most likely suspect. Why? The pattern does not fit hundreds to thousands of purchasers of other manufacturer's equipment bringing online their mining equipment as it's received, but it does fit nicely according to reasonable calculations with another row in this new data center (in "Nodpole" not far from where facebook has a facility) being brought online.

Now about "plan B". My problem with "plan B" are the words "free" and "conversion" in the sentence "In the addition to this commitment, as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package where we will simply fill your wallets directly and you won’t have to worry about anything else." from KnC's February 4, 2014 News Letter ( https://www.kncminer.com/news/news-75 ). First of all, it's NOT FREE, as Neptune customers we've all paid well over $10,000 in USD or equivalent BTC for each Neptune. To me that's **not** "free". Second is the word "conversion" that I'm taking to mean I would have to convert my paid for purchase of a physically delivered piece of equipment to a hosted contract, and one that's of limited term at that (6 months). If you purchased an early "customer appreciation" batch Neptune and a later "batch 1" Neptune, it makes your "free" hosted mining contract cost over **$3,000 per month**. THAT'S NOT FREE KnC... not free at all. An additional problem with the proposed "plan B" is that Neptune purchasers would it seems receive no benefit of performance increases due do design improvements resulting in increased hashing power of the miners, i.e. the 11% power reduction and designer's decision to pack in more cores per asic chip as a benefit.

If KnC were to offer a hosted mining contract for each Neptune purchased **at no charge** while Neptune customers wait for physical delivery at the first offered 3TH/s rate of the Neptune, as advertised, and that free hosting mining contract expired upon receipt by the customer of their Neptune, as each is received, that would I imagine very much satisfy KnC Neptune purchase customers and result in additional future purchases. That hashing power from the hosted mining contract should not then be added back in to the network for a period of time, so as to not compete with the Neptune purchasers which would further reduce their return on investment, minimum 6 months non-compete period suggested.

If Neptune purchasers have to surrender all prospect of getting physical delivery and performance increases from design improvements for a hosted mining contract that lasts only 6 months, at a time where 3TH/s because of the difficulty will not produce anywhere near what's required for the purchaser to even earn back their purchase cost, then count this customer OUT, as I'll get a refund and spend my money elsewhere. Others have already made that decision and gotten refunds. I'm waiting for KnC to do the right thing by its customers and make sure they do get satisfaction for their money and invested time in KnC's products. There is after all a time value to money and opportunity costs to consider.

So that's it KnC, protect your customer's investment in your business capabilities by delivering enough hashing power for our purchases to protect our investment in your products and your reputation. Protect our investment in you, the people that make up KnC, by compensating us for delays in production with hashing power provided by this new data center and SET A DATE by which we can determine when this will start. Asking your customers to blindly sit by for month after month with no possibility to plan for their own requirements to house and operate the equipment they've purchased and paid for isn't respectful of your customers, who still have to purchase power supplies and possibly electrical work in their planned installations.

You want future customers? Then respect the ones you have now. Otherwise you're likely to not have any in the future. That by the way includes purchasers of Saturn and Jupiter equipment that were promised upgrade modules then were told it won't happen. That's just not the way to respect your customers, period.
vesperwillow
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February 21, 2014, 09:47:33 PM
 #30254

I'm making .15-.25btc/day on 15MH which isn't even my full capacity.

What kind of power consumption is 15MHs?

About 7kw give or take, depending on how I figure the math (varies by system and by rack). My best efficiency so far is 2.45Mh @ 950w. Worst is 2.2Mh @ 1100w

dplusf
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February 21, 2014, 09:55:32 PM
 #30255

Calling KnC out on several fronts, from KnC's discussion board:

In another thread, Kurt of KnC posted:

"Hi Everyone,

It is our highest priority that our customer's are satisfied with the outcome of their Neptune purchases, if our customers are not satisfied, we do not have repeat business. We are currently the most respected and trustworthy ASIC company on the market, we aim to keep our reputation as this is what makes us unique in this business.

As we come closer to the end of the production period, we will start having more frequent updates to share, but for now we are on track and continuing as planned."

**********
With the difficulty rising so much so quickly recently, satisfying Neptune customers for their purchases in my view would require this:
... for each Neptune purchased, the customer will receive two - a 2 for 1 deal - and a bit more, detailed below.
**********

KnC building a data center to house 28nm technology in order to provide the idea floated as "plan B" in my view may or may not be a good idea, but it's not proven to be a good idea yet. What has been noticed by customers and written about on this board and on bitcointalk is a massive amount of hashing power added to the network at regular intervals. If this is attributable to KnC bringing online row after row of this new data center's 28nm technology hasn't been proven one way or the other, but to many this new data center is the most likely suspect. Why? The pattern does not fit hundreds to thousands of purchasers of other manufacturer's equipment bringing online their mining equipment as it's received, but it does fit nicely according to reasonable calculations with another row in this new data center (in "Nodpole" not far from where facebook has a facility) being brought online.

Now about "plan B". My problem with "plan B" are the words "free" and "conversion" in the sentence "In the addition to this commitment, as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package where we will simply fill your wallets directly and you won’t have to worry about anything else." from KnC's February 4, 2014 News Letter ( https://www.kncminer.com/news/news-75 ). First of all, it's NOT FREE, as Neptune customers we've all paid well over $10,000 in USD or equivalent BTC for each Neptune. To me that's **not** "free". Second is the word "conversion" that I'm taking to mean I would have to convert my paid for purchase of a physically delivered piece of equipment to a hosted contract, and one that's of limited term at that (6 months). If you purchased an early "customer appreciation" batch Neptune and a later "batch 1" Neptune, it makes your "free" hosted mining contract cost over **$3,000 per month**. THAT'S NOT FREE KnC... not free at all. An additional problem with the proposed "plan B" is that Neptune purchasers would it seems receive no benefit of performance increases due do design improvements resulting in increased hashing power of the miners, i.e. the 11% power reduction and designer's decision to pack in more cores per asic chip as a benefit.

If KnC were to offer a hosted mining contract for each Neptune purchased **at no charge** while Neptune customers wait for physical delivery at the first offered 3TH/s rate of the Neptune, as advertised, and that free hosting mining contract expired upon receipt by the customer of their Neptune, as each is received, that would I imagine very much satisfy KnC Neptune purchase customers and result in additional future purchases. That hashing power from the hosted mining contract should not then be added back in to the network for a period of time, so as to not compete with the Neptune purchasers which would further reduce their return on investment, minimum 6 months non-compete period suggested.

If Neptune purchasers have to surrender all prospect of getting physical delivery and performance increases from design improvements for a hosted mining contract that lasts only 6 months, at a time where 3TH/s because of the difficulty will not produce anywhere near what's required for the purchaser to even earn back their purchase cost, then count this customer OUT, as I'll get a refund and spend my money elsewhere. Others have already made that decision and gotten refunds. I'm waiting for KnC to do the right thing by its customers and make sure they do get satisfaction for their money and invested time in KnC's products. There is after all a time value to money and opportunity costs to consider.

So that's it KnC, protect your customer's investment in your business capabilities by delivering enough hashing power for our purchases to protect our investment in your products and your reputation. Protect our investment in you, the people that make up KnC, by compensating us for delays in production with hashing power provided by this new data center and SET A DATE by which we can determine when this will start. Asking your customers to blindly sit by for month after month with no possibility to plan for their own requirements to house and operate the equipment they've purchased and paid for isn't respectful of your customers, who still have to purchase power supplies and possibly electrical work in their planned installations.

You want future customers? Then respect the ones you have now. Otherwise you're likely to not have any in the future. That by the way includes purchasers of Saturn and Jupiter equipment that were promised upgrade modules then were told it won't happen. That's just not the way to respect your customers, period.


Thanks for pointing this out! I was having the same thoughts. You ll give it words.
dplusf
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February 21, 2014, 09:55:59 PM
 #30256

Calling KnC out on several fronts, from KnC's discussion board:

In another thread, Kurt of KnC posted:

"Hi Everyone,

It is our highest priority that our customer's are satisfied with the outcome of their Neptune purchases, if our customers are not satisfied, we do not have repeat business. We are currently the most respected and trustworthy ASIC company on the market, we aim to keep our reputation as this is what makes us unique in this business.

As we come closer to the end of the production period, we will start having more frequent updates to share, but for now we are on track and continuing as planned."

**********
With the difficulty rising so much so quickly recently, satisfying Neptune customers for their purchases in my view would require this:
... for each Neptune purchased, the customer will receive two - a 2 for 1 deal - and a bit more, detailed below.
**********

KnC building a data center to house 28nm technology in order to provide the idea floated as "plan B" in my view may or may not be a good idea, but it's not proven to be a good idea yet. What has been noticed by customers and written about on this board and on bitcointalk is a massive amount of hashing power added to the network at regular intervals. If this is attributable to KnC bringing online row after row of this new data center's 28nm technology hasn't been proven one way or the other, but to many this new data center is the most likely suspect. Why? The pattern does not fit hundreds to thousands of purchasers of other manufacturer's equipment bringing online their mining equipment as it's received, but it does fit nicely according to reasonable calculations with another row in this new data center (in "Nodpole" not far from where facebook has a facility) being brought online.

Now about "plan B". My problem with "plan B" are the words "free" and "conversion" in the sentence "In the addition to this commitment, as part of Plan B, for all Neptune customers, we will be offering a free conversion to a hosted hashing package where we will simply fill your wallets directly and you won’t have to worry about anything else." from KnC's February 4, 2014 News Letter ( https://www.kncminer.com/news/news-75 ). First of all, it's NOT FREE, as Neptune customers we've all paid well over $10,000 in USD or equivalent BTC for each Neptune. To me that's **not** "free". Second is the word "conversion" that I'm taking to mean I would have to convert my paid for purchase of a physically delivered piece of equipment to a hosted contract, and one that's of limited term at that (6 months). If you purchased an early "customer appreciation" batch Neptune and a later "batch 1" Neptune, it makes your "free" hosted mining contract cost over **$3,000 per month**. THAT'S NOT FREE KnC... not free at all. An additional problem with the proposed "plan B" is that Neptune purchasers would it seems receive no benefit of performance increases due do design improvements resulting in increased hashing power of the miners, i.e. the 11% power reduction and designer's decision to pack in more cores per asic chip as a benefit.

If KnC were to offer a hosted mining contract for each Neptune purchased **at no charge** while Neptune customers wait for physical delivery at the first offered 3TH/s rate of the Neptune, as advertised, and that free hosting mining contract expired upon receipt by the customer of their Neptune, as each is received, that would I imagine very much satisfy KnC Neptune purchase customers and result in additional future purchases. That hashing power from the hosted mining contract should not then be added back in to the network for a period of time, so as to not compete with the Neptune purchasers which would further reduce their return on investment, minimum 6 months non-compete period suggested.

If Neptune purchasers have to surrender all prospect of getting physical delivery and performance increases from design improvements for a hosted mining contract that lasts only 6 months, at a time where 3TH/s because of the difficulty will not produce anywhere near what's required for the purchaser to even earn back their purchase cost, then count this customer OUT, as I'll get a refund and spend my money elsewhere. Others have already made that decision and gotten refunds. I'm waiting for KnC to do the right thing by its customers and make sure they do get satisfaction for their money and invested time in KnC's products. There is after all a time value to money and opportunity costs to consider.

So that's it KnC, protect your customer's investment in your business capabilities by delivering enough hashing power for our purchases to protect our investment in your products and your reputation. Protect our investment in you, the people that make up KnC, by compensating us for delays in production with hashing power provided by this new data center and SET A DATE by which we can determine when this will start. Asking your customers to blindly sit by for month after month with no possibility to plan for their own requirements to house and operate the equipment they've purchased and paid for isn't respectful of your customers, who still have to purchase power supplies and possibly electrical work in their planned installations.

You want future customers? Then respect the ones you have now. Otherwise you're likely to not have any in the future. That by the way includes purchasers of Saturn and Jupiter equipment that were promised upgrade modules then were told it won't happen. That's just not the way to respect your customers, period.


Thanks for pointing this out! I was having the same thoughts. You ll give it words.
bizzyb
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February 21, 2014, 10:15:22 PM
 #30257

They buy your private data and the right to spam you.
maybe there's more, just read over some parts of it

14. OUR LIMITATIONS OF LIABILITY
14.2 We do not guarantee that (i) the App will be free of errors, viruses, bugs or other defects; or (ii) that the App or any information displayed or distributed through the App or in the Documentation will be accurate or complete; or (iii) that any defects in the App will be corrected.
14.4.5 LOSS OF GOODWILL;
14.6 our LIABILITY TO YOU, to the extent we cannot exclude it entirely, shall, where PERMISSABLE BY LAW, BE LIMITED TO [£10].


POLICY ON PRIVACY, DATA, COOKIES AND MARKETING COMMUNICATIONS

Your phone number, which will be paired the information necessary (...)
We store this information remotely (...)
We use this information to find out which phone numbers in your address book are paired with other downloads of the App. This means you can find friends who also use the App.
(...)
We may also use information in your social media accounts in a comparable way.
If you provide contact details to us through the App, we may use that information to contact you about your use of the App or to notify you about our products and services.

9. We may also record which parts of the App users use and user patterns. This information will be kept securely in accordance with an internal security policy.
10. We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries(...)
11. We may also disclose and/or license your personal data that we obtain from the use of the App (and other data you submit through the app) to third parties
12. We might send you emails about products or services which are similar to or related to the App, or contact you by email with information about the App. We will not send you any other emails or pass your information on to third parties unless you give your consent or you have given it already.
16. It may be necessary for us to transfer your information to countries outside the European Union which do not provide the same level of protection.
You can simply opt out within settings so that your details are removed from the KNCWallet servers.

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MONETARYUNIT
.......for Me, U & Everyone.......
[/
goosoodude
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February 21, 2014, 10:21:04 PM
 #30258

TBH, I'm not going to use the KnCWallet... I don't even have an Android. Yeah, blah blah it's better, I know.






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...INTRODUCING WAVES........
...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...






helmax
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February 21, 2014, 11:04:02 PM
 #30259

KNC is over
neptune never cover ROI

looking job
Phoenix1969
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February 22, 2014, 12:45:51 AM
 #30260

KNC is over
neptune never cover ROI
Yeah, everyone said that about Jupiter, and under worse diffchanges.
What if they give us 5Th/s hosted in mid April?
How can you even say that before knowing what the offer is?
There simply isn't enough information to make that determination IMHO.


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