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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011907 times)
Biodom
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March 02, 2014, 09:10:50 AM
 #30501

KnC switched over their hashing from eliguis pool (1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X) to "Other": eligius dropped and "Other" increased in 24hr from 13% to 23%, hence KnC is approximately 10% of network right now (which roughly what HD1X was hashing at). HD1X accumulated roughly 4800BTC. Nice going.

Anybody care to do blockchain analysis to try to identify their new main wallet?
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March 02, 2014, 09:24:26 AM
 #30502

should change this to the KnC speculation thread
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March 02, 2014, 09:39:26 AM
 #30503

KnC switched over their hashing from eliguis pool (1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X) to "Other": eligius dropped and "Other" increased in 24hr from 13% to 23%, hence KnC is approximately 10% of network right now (which roughly what HD1X was hashing at). HD1X accumulated roughly 4800BTC. Nice going.

Anybody care to do blockchain analysis to try to identify their new main wallet?


my 1st batch one of the 1st 10 orders is looking kinda lame imho ......still hanging in there due to availabilty of a refund
but it is looking kinda lame at the present moment....hmmmmm

2nd batch 13.2k unit is already in the refund que...1st gue orig order miner may not be far behind

does not bode well for knc if they DO wish to have customers for the GH hashing farm and or equip sales in the future (er why bother seems to be the trend)

perhaps with market conditions they have moved on..ie if i refund on my neptunes no big deal just more hashing power with better

equip for the knc gh hashing farm...streamlined

starting to look like a "private' operation from the design of chip thru mnfg ...all goes to them..pretty slick in an evil genius kinda way..

in my current mood  it strikes me that knc may be thinking hmmmmm "why sell all your miner minions when you can rule the planet with them" kinda logic

(wanders off mumbling to self ..."was supposed to be a little hobby....friggging ..confusing as hell hobby is more like it"

Searing

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Biomech
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March 02, 2014, 10:06:06 AM
 #30504

KnC needs to put up a sign... BUY at your OWN RISK! As refunds may not be turned in the same currency your product was purchased in. Smiley

on that note is it true that the 3rd batch of knc miners (the ones they are selling now) don't have a refund?

somehow i can't seem to get an answer to this (or it is obviouse someplace and i read over it)

thanks
Searing


If every thing goes to plan then I can see them saying no to refunds, but if miners change from physical to virtual or there is a delay in production then they cannot/should not refuse a refund.

I really couldn't care if they say 'no refunds' in the terms, if they can't produce in a timely manner then they have to refund if they like it or not.

I might be delusional but this is how I see it.

It's a principle at least as old as Rome in the common law: A unilateral change to a contract is not valid. Unless you're a government, then such things as morality and ethics have no meaning anyway.

Don't sign nothin' without a lawyer vetting it. YOUR lawyer, not KNC's.

There is nothing on KNC that says that they 'don't refund',  or have I missed something

they did have a point in details of first batch that did say they do give refunds,
but removing/deleting this point on other batches doesn't mean that your not entitled to a refund either.  no?

edit.  I never signed or agreed to any ToC's either

Cheesy I was basically agreeing with you.

They had originally stated that you could get a refund up to the time of shipping. I definitely saw this on their website with the last generation of devices. Can't recall on Neptune, but I think it was there too. Several members have stated (I don't speak from personal knowledge here) that they have retroactively altered their terms after a purchase has been made. This is not legal under any legal doctrine that I am aware of. I'm not a lawyer, but I am married to one. She agrees with me on that point. You can't alter a contract without the EXPLICIT consent of the other party. Any such alterations will not hold in a lawful court.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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March 02, 2014, 10:27:16 AM
 #30505

why even bother to run a jupiter at todays difficulty?

Because each Jupiter costs ~$100 per month in electricity to run at 15 cents per kilowatt hour, and will bring in between 2 and 3 bitcoin in the next month.

We're still a long way from a Jupiter being unprofitable to run, and it's fairly power efficient compared to most other hardware on the network at around 1.3W/GH.
Aren't Jupiters still right up there in terms of power efficiency?  If not, can someone please show me a more efficient miner?  My batch 1 (October) Jupiter is 1.2 W/GH/s.
MegaBigPower Bitfurys are typically 0.9 W/GH/s. I have run them as low as 0.7 W/GH/s when undervolted (375 GH/s @ 260W for 16 cards).
Thanks, so Bitfury-based miners are the most power efficient.  

Bitmine desk rigs run at 1(TH/s)/1kW at the wall socket as standard and can be down-volt'ed to improve efficiency.  Also the rig versions they are soon to release is supposed to be even more efficient.

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March 02, 2014, 11:24:02 AM
 #30506

why even bother to run a jupiter at todays difficulty?

Because each Jupiter costs ~$100 per month in electricity to run at 15 cents per kilowatt hour, and will bring in between 2 and 3 bitcoin in the next month.

We're still a long way from a Jupiter being unprofitable to run, and it's fairly power efficient compared to most other hardware on the network at around 1.3W/GH.
Aren't Jupiters still right up there in terms of power efficiency?  If not, can someone please show me a more efficient miner?  My batch 1 (October) Jupiter is 1.2 W/GH/s.
MegaBigPower Bitfurys are typically 0.9 W/GH/s. I have run them as low as 0.7 W/GH/s when undervolted (375 GH/s @ 260W for 16 cards).
Thanks, so Bitfury-based miners are the most power efficient.  

Bitmine desk rigs run at 1(TH/s)/1kW at the wall socket as standard and can be down-volt'ed to improve efficiency.  Also the rig versions they are soon to release is supposed to be even more efficient.

i don't disagree with you ...but my Jupiter is paid in full from oct ...at 2 coin this  month maybe a bit more I can string it along another 2 to 3 months maybe depending if I want to eat a bit of electric costs before I turn it into shelf art

by that time it probably will make close to 48 or 49 btc as its lifetime total....knock wood

as to getting a bitminer at the prices they want ..well...I should just 'ball up" and buy btc..but alas like most of us I can dump 5k on equip I seem to get
cold feet on 5K to straight bitcoin..not sure why....I'm in some kinda learning curve here somehow (or rat in a maze is more likely)

anyway have one Neptune 2nd batch order on refund may (depending on knc pulling something out of their hats like 4th or some such) dump the last Neptune
for a refund on 1st order...so my butt is covered...but as to what to do next...kinda sitting on the fence right now ......picking out splinters...yes this whole
bitcoin drama/scenario with mtgox etc.   ie it IS that painful.... (butt hurts...head hurts...ie confused)

Searing

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March 02, 2014, 02:04:06 PM
 #30507

So basically we are emulating the gold rush, the cost of gold is determined by how much the producers of it are willing to part with for their time mining it minus expenses, mining it happens because it is naturally scarce in nature, there would be no reason to mine it if it wasn't scarce. The centralized data centers are not going to sell Bitcoins to you at a loss. And with all this hash power being nessecary to accomodate such a network for all of the planet (the network is so small right now), once all of it comes online difficulty is going to sky rocket and therefore the amount of BTC produced by said data centers will be much less. Thus meaning each BTC will have to become worth more over time to accommodate the costs in producing and keeping these huge data centers online. If they are not happy with the current prices then they are just going to sit on the Bitcoins that they have mined. Or they can take a two layer approach like how they are doing now and still sell consumer miners, but time it right so that they get delivered where they won't meet a ROI, this way they are able to increase the price of a BTC by creating less supply from retail miners as they won't sell at those prices to see a profit (think $38 million worth of hardware in one batch being shipped out, don't underestimate it). With an increased cost of expense (non centralised mining is more costly, retail electricity prices etc). this is guaranteed to happen. Either way the price is only going to go up and up, the price spike we are going to see in 1st-10th of June 2014 is what is going to smash psychological barriers as it will be in the several thousands (I predict 7k-9k peak), and the perception of Bitcoin worldwide and will be splattered across every media channel across the globe (except Russia hue). Gas pedal, Gas pedal, you should be all welcoming the increased network hashpower, bring it on. There is nothing left for us peons to do but buy BTC. Gold will become a tenth of its worth or worthless when Bitcoin becomes mainstream, services so that Bitcoin can become viable for mainstream use will be built by those willing to reap the rewards for doing so, and this is already in motion now. I can't help but feel this is a globalist plan from the start, and this is a way for all the main super powers in the world to default on their huge debts in the end (the globalists are behind these countries right now any ways, knc is likely just a seed organisation for them, NSA scientist invented Bitcoin breowz run at me), have a monopoly on the entire planet, and once this is achieved they can see their agendas fufilled with whatever they have planned for the human race, maybe the "globalists/illuminati" know better and are good people who envision what needs to happen on the planet to advance the human race further, maybe they are evil. Who knows in the end?
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March 02, 2014, 02:34:19 PM
 #30508

So basically we are emulating the gold rush, the cost of gold is determined by how much the producers of it are willing to part with for their time mining it minus expenses, mining it happens because it is naturally scarce in nature, there would be no reason to mine it if it wasn't scarce. The centralized data centers are not going to sell Bitcoins to you at a loss. And with all this hash power being nessecary to accomodate such a network for all of the planet (the network is so small right now), once all of it comes online difficulty is going to sky rocket and therefore the amount of BTC produced by said data centers will be much less. Thus meaning each BTC will have to become worth more over time to accommodate the costs in producing and keeping these huge data centers online. If they are not happy with the current prices then they are just going to sit on the Bitcoins that they have mined. Or they can take a two layer approach like how they are doing now and still sell consumer miners, but time it right so that they get delivered where they won't meet a ROI, this way they are able to increase the price of a BTC by creating less supply from retail miners as they won't sell at those prices to see a profit (think $38 million worth of hardware in one batch being shipped out, don't underestimate it). With an increased cost of expense (non centralised mining is more costly, retail electricity prices etc). this is guaranteed to happen. Either way the price is only going to go up and up, the price spike we are going to see in 1st-10th of June 2014 is what is going to smash psychological barriers as it will be in the several thousands (I predict 7k-9k peak), and the perception of Bitcoin worldwide and will be splattered across every media channel across the globe (except Russia hue). Gas pedal, Gas pedal, you should be all welcoming the increased network hashpower, bring it on. There is nothing left for us peons to do but buy BTC. Gold will become a tenth of its worth or worthless when Bitcoin becomes mainstream, services so that Bitcoin can become viable for mainstream use will be built by those willing to reap the rewards for doing so, and this is already in motion now. I can't help but feel this is a globalist plan from the start, and this is a way for all the main super powers in the world to default on their huge debts in the end (the globalists are behind these countries right now any ways, knc is likely just a seed organisation for them, NSA scientist invented Bitcoin breowz run at me), have a monopoly on the entire planet, and once this is achieved they can see their agendas fufilled with whatever they have planned for the human race, maybe the "globalists/illuminati" know better and are good people who envision what needs to happen on the planet to advance the human race further, maybe they are evil. Who knows in the end?

I think you are right in the sense the psychologically if people see "big investment" in hashing farms the trend will be to get in on it ..the small fry us that is...and either mine or buy bitcoin just seeing a large amount of cash flowing into hashing farms (remember some of this money is 'locked in" from when bitcoin was around 900 bucks a coin...if they had to do it now I don't think they'd be 'completing the farms as big or as fast ...but most of the major players are committed imho to finish them at this point or at least what they started imho)

just to take the other side (which most economist's take yet on bitcoin) you could have the 'worst of both worlds' ie difficulty goes up and up at a pre-arranged set pace of difficulty due to $$ and infrastructure already in the pipeline but due to "silly primate humans" that we are and the fragile psychology on our thoughts...the demand to use bitcoin does not keep up....ie the small miners the cheerleaders of bitcoin drop out and hold more then they invest either in miners or btc...the general public is told bitcoin is a scam by those who have the power to move money now..and want it to fail....and it flatlines.....to a point where it is impossible to stay up and keep the ballon filled (ie the difficulty problem of equip investment) because demand/pressures by gov'ts and just not enough individuals to move bitcoin along the timeline....then the next crash....happens for whatever reason say Venezuela bans bitcoin or some other heavy handed move by a gov't ...  it will be 'big money investors' not people who believe in bitcoin yelling for their investment back sell sell and boom...tulip craze bust.....again taking the opposite argument for devils advocate sake....

truth be told if I was the head of google or apple or some such 'player" of note.... right now or say steve jobs was still alive ...I'd get a bunch of corporation  types together and say we are gonna get on the virtual currency bandwagon....we are gonna make something called say Qazzcoin  or some such and it will be backed by some major corporations say 40 or so...BUT instead of doing like corporations do and try to control the whole situation. They announce it is sha-256 independently run just like bitcoin they are hands off completely ...just their reputations for taking this coin to the future is on the line....and they announce such a coin sha-256 difficulty 0 will start with no pre-mine at midnight june 1st 2014 say

all hell would break loose imho ....my then defunct bitcoin knc 555gh miner at that point would be fired back up along with every laptop computer..usb asic 333mh unit I had..it would be a wild ride with all the obsolete sha-256 asic hardware out there getting a NEW life...talk about speculation!....all the stuff out there and/or gpu bitcoin rigs drag'd down from the attic..would be quite the hoot imho

even if it was only as successful as litecoin and or this was done mostly as PR for the various corporations involved....they likely would have more influence if not then later
on how alternate currencies are used/made/controlled in the future (just look at the push for getting rid of net neutrality on the internet by corporations who were on the band wagon in the past)

but it never will happen ..(steve jobs might have done it for kicks/fun and PR but don't see anyone else with the b*lls)...they will always have to have a hook into the coin
to do so some kinda catch (even in the above case the catch would be to kill bitcoin)....and corporation  types are so short term motivated by 2yrs max....it will never fly

but again if I ran google/apple or whatever.. I'd do this for the PR and just to shake things up towards regulation .which is what these large banks and corporations want with virtual currencies to trend to anyway imho..the option to influence at best and control at worst in the future...but it is unlikely they would have the skills to play this "long game" on virtual coins imho

(these dark times brought to you by my demented mined....don't get me going on zombies it could get worse)

anyway this nightmare will not happen..but if I had a billion dollars I could have a lot of fun with PR just throwing this idea around

(the lengths i'll go to keep my old asic gear running)

Searing 

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March 02, 2014, 02:42:07 PM
 #30509

Except the majority of the networks hash power is controlled by centralised outfits (knc, ghash, etc), they arn't going to switch to Stevejobscoin, because in doing so the value of Bitcoin will fall, and so will their profits. Smiley The infrastructure for Bitcoin is going to roll out nicely in the next few years along with regulation. Also if the globalists are behind it then Stevejobscoin is never going to happen Smiley
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March 02, 2014, 02:44:13 PM
 #30510

Except the majority of the networks hash power is controlled by centralised outfits (knc, ghash, etc), they arn't going to switch to Stevejobscoin, because in doing so the value of Bitcoin will fall, and so will their profits. Smiley The infrastructure for Bitcoin is going to roll out nicely in the next few years along with regulation. Also if the globalists are behind it then Stevejobscoin is never going to happen Smiley

don't disagree...just saying (probably way to late for any of my ramblings now) but I'd be muddy'ing the waters ...esp if what they say is true
and apple is coming out with something called "Imoney" ...my above demented plan would work better then that imho

but yeah.....but then again all them farms are bitcoin and sha-256

(I have a warped and evil mind)

Searing

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March 02, 2014, 04:09:55 PM
 #30511

Except the majority of the networks hash power is controlled by centralised outfits (knc, ghash, etc), they arn't going to switch to Stevejobscoin, because in doing so the value of Bitcoin will fall, and so will their profits. Smiley The infrastructure for Bitcoin is going to roll out nicely in the next few years along with regulation. Also if the globalists are behind it then Stevejobscoin is never going to happen Smiley

don't disagree...just saying (probably way to late for any of my ramblings now) but I'd be muddy'ing the waters ...esp if what they say is true
and apple is coming out with something called "Imoney" ...my above demented plan would work better then that imho

but yeah.....but then again all them farms are bitcoin and sha-256

(I have a warped and evil mind)

Searing

I smell something good cooking in Sweden, and it's not meatballs.
Somehow I still harbor the thought KNC will make customers happy once again.
Searing...
With the reaction over Apple yanking QT off AppleStore...  I seriously doubt I-money will be any real competition, other than die-hard Mac fans like yourself(friendly jibe) nobody would be using it other than apple i-phone users that buy from the apple store; and you will surely be able to buy them with BTC, which reminds me of "Ripple". Cash to BTC, to Imoney, to products seems a bit ridiculous.
But then again.....  people buy "Quarks", "Scamcoin"  and things like "Stablecoin", which is really for the brain-dead. If any traded commodity or coin is too "stable". there's no $ to be made.... because there are no fluctuations. I really hope this stall in price will weed-out some of those ridiculous ones that there is really no use for.

BTW  New Gox announcement today promised by gox for  "COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION" in Japan, interesting.


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sbfree
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March 02, 2014, 04:34:44 PM
 #30512

Except the majority of the networks hash power is controlled by centralised outfits (knc, ghash, etc), they arn't going to switch to Stevejobscoin, because in doing so the value of Bitcoin will fall, and so will their profits. Smiley The infrastructure for Bitcoin is going to roll out nicely in the next few years along with regulation. Also if the globalists are behind it then Stevejobscoin is never going to happen Smiley

don't disagree...just saying (probably way to late for any of my ramblings now) but I'd be muddy'ing the waters ...esp if what they say is true
and apple is coming out with something called "Imoney" ...my above demented plan would work better then that imho

but yeah.....but then again all them farms are bitcoin and sha-256

(I have a warped and evil mind)

Searing

I smell something good cooking in Sweden, and it's not meatballs.
Somehow I still harbor the thought KNC will make customers happy once again.
Searing...
With the reaction over Apple yanking QT off AppleStore...  I seriously doubt I-money will be any real competition, other than die-hard Mac fans like yourself(friendly jibe) nobody would be using it other than apple i-phone users that buy from the apple store; and you will surely be able to buy them with BTC, which reminds me of "Ripple". Cash to BTC, to Imoney, to products seems a bit ridiculous.
But then again.....  people buy "Quarks", "Scamcoin"  and things like "Stablecoin", which is really for the brain-dead. If any traded commodity or coin is too "stable". there's no $ to be made.... because there are no fluctuations. I really hope this stall in price will weed-out some of those ridiculous ones that there is really no use for.

BTW  New Gox announcement today promised by gox for  "COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION" in Japan, interesting.
I like positive thoughts too phoenix.....like maybe for every refund KNC has to return, those that bite their nails til the end get an extra 100GH/s for every refund......that would smell real sweet.....glading dreaming and hoping....is FREE?
The Avenger
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March 02, 2014, 05:00:11 PM
 #30513

30 days left to tape out Neptune

"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
Phoenix1969
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March 02, 2014, 06:04:41 PM
 #30514

30 days to tapeout?
Hasn't the forum been over this like a hundred times?
Not really ... we have the the cloud-hashing offer as backup.... remember?
and when I purchased my Neptunes... it said q1/Q2, which gives them till June 30 for Neptunes.
But I doubt that would be the outcome.
I think we will hear good news/or bad within your time-frame though, and be hashing away by mid April, or be crying to Momma about losses.
hehe


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Omen1855
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March 02, 2014, 06:15:43 PM
 #30515

I'm in the positive camp. They were labelled scammers from the start, but none of my KnCs didn't ROI. So the Neptune will be their last tour de force for consumers, I think their pride will not allow them to go down into Bitcoin history as scammers.
But it's just all speculation at this point.

Affiliation code wTksie2mDj for a 10% discount on your trading fees on BitFinex
The Avenger
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March 02, 2014, 06:18:11 PM
 #30516

lies and wank
Go fuck yourself criminal. Do not reply to any of my posts unless it's send the 40BTC bounty you promised to the people who got your stolen coins back.

"I am not The Avenger"
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RoadStress
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March 02, 2014, 06:52:17 PM
 #30517

lies and wank
Go fuck yourself criminal. Do not reply to any of my posts unless it's send the 40BTC bounty you promised to the people who got your stolen coins back.

How did that end up? The scammers refunded the money and that's it? And Phoenix didn't paid the bounty.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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March 02, 2014, 07:45:44 PM
 #30518

lies and wank
Go fuck yourself criminal. Do not reply to any of my posts unless it's send the 40BTC bounty you promised to the people who got your stolen coins back.
Why?  Just hit "Ignore". It works great. Hope your profanity makes you feel better.
Funny how a willingly refunded sum by them is somehow "People got it back"
and...  I sent out over 6 btc in rewards just for helping, you refused yours, so quit whining.


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Biodom
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March 02, 2014, 08:20:08 PM
 #30519

I smell something good cooking in Sweden, and it's not meatballs.
Somehow I still harbor the thought KNC will make customers happy once again.


The above suggestion is based on what? Your feelings or something more substantial?
Henchman24
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March 02, 2014, 09:02:12 PM
 #30520

lies and wank
Go fuck yourself criminal. Do not reply to any of my posts unless it's send the 40BTC bounty you promised to the people who got your stolen coins back.
Why?  Just hit "Ignore". It works great. Hope your profanity makes you feel better.
Funny how a willingly refunded sum by them is somehow "People got it back"
and...  I sent out over 6 btc in rewards just for helping, you refused yours, so quit whining.

Anyone that followed that scam thread knows:

A) The scammer did not "willingly refund".  He returned the money after his identity was exposed by Augusto Croppo, Avenger and a few others.
B) You did not pay the reward that you voluntarily offered.  That makes you a liar.  That is a fact.  You need to accept that.
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