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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007436 times)
RoadStress
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March 10, 2014, 07:48:53 PM
 #30781

Interesting add to the Pool Watch, apparently KNC is running about 7% of total network capacity.. I am not sure off the top of my head how the 5% commitment worked but they completely busted that is they are about 7% of the entire network..

http://organofcorti.blogspot.se/2014/03/march-9th-2014-weekly-hashrate.html

It is one of these things when KnC proudly says one thing....
There is still time to allocate these pre-mined BTC to Neptune pre-orders. I hope to hear something on this.
7% of the current network is much higher than 5% of Jupiter/saturn terrahashes, so it would be a violation of trust, at least for me.

Greed is a hellova drug, man.

It's greed, but also it's a big boys arms racing (KnC vs BitFury).

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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March 10, 2014, 08:44:14 PM
 #30782

Looks like they have sold out of Neptune's now! Smiley


They had 845 yesterday, so I don't think that they sold out.
It was just getting embarassing-only ~150 sold in more than 3wk-market has spoken.
The price is completely non-competitive without further info. It should be either 5Th for $10K or 3Th for $6-7K for Q2.
market has doubts and it is KnC job to provide better info.
BTW, Bitmain dropped the price today to 0.999BTC/180-200GH (or $624=$3120-3466/TH and you get it in 4 days).

The in stock number doesn't update in real-time, so it's possible they did sell out of Neptune's.
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March 10, 2014, 09:20:59 PM
 #30783

This is rather unlikely, but it could be a good sign. Maybe they determined the number of Jupiters they want to make and are ready to order/produce.
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March 10, 2014, 11:37:52 PM
 #30784

I still have a Neptune in my shopping cart from way back, wonder what would happen if I paid for it?  Roll Eyes
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March 11, 2014, 12:06:54 AM
 #30785

Omg how the hell you want to compare a machine which suxx 400 watt for 190 Gh to machines which use less then half of that power for the same hashpower
Fraking wankers stop comparing these, let your brain work a bit if it can.
I offer some miner for sale who use half the freaking power and people start crying i can buy a ant for less .... brainless twirps
Searing
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March 11, 2014, 12:08:50 AM
 #30786

Interesting add to the Pool Watch, apparently KNC is running about 7% of total network capacity.. I am not sure off the top of my head how the 5% commitment worked but they completely busted that is they are about 7% of the entire network..

http://organofcorti.blogspot.se/2014/03/march-9th-2014-weekly-hashrate.html

er could their HASHING FARM be under another corporation they control? they could do it that way maybe?

they CAN be 5% but they can SELL the other 95%...or am I missing something?

Searing

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March 11, 2014, 12:19:17 AM
 #30787

This is rather unlikely, but it could be a good sign. Maybe they determined the number of Jupiters they want to make and are ready to order/produce.

1000GH batch 3 Jupiter aka "Red spot" for $3000 would be a good deal, Wink
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March 11, 2014, 12:22:20 AM
 #30788

Now more than 2 weeks passed since I requested a refund...  Huh
Anyone else received a refund these days?

I'm on week 2 waiting. Did they give you a confirmation or any timeline?


I got mine in 11 days did you include the SWIFT number I had one bank say you don't need to go thru a bank with such

for a refund but imho KNC seems to demand it.or i should say the swedish banks .....ask your bank about it

if they did not include a swift number with your refund you can have fun with your bank
getting it straightened out (my orig purchase took 1 month to fix on this) they will continue to
say you are crazy and say you don' t need it (seems that BIG BANKS have SWIFT codes branch
banks don't and savings and loans also i think they are quite touchy on all this when you bring it up.)

my regular bank on my 2nd batch refund said i DID NOT  need a SWIFT code to get an international
wire xfer (ie banking international code)

I went to my 2ndary bank ..they had a handout that on how to do international wire xfers it said on "international wire xfers
that need a SWIFT code contact our bank manager)...it seems BRANCHES of banks or some banks DON'T HAVE
a SWIFT CODE

this 2nd bank did not have one either but they printed out a work around via another account they had
and a competitor  bank that did have a SWIFT code....and viola it worked 11 days

so yeah..that would be my guess talk to your bank .they may say you are crazy and you don't need it
Swedish banks may say different from what i understand international banks are leery of usd xfers over 10k now
you will then likely have to contact KNC and either somehow get it fixed or cancel it it is a mess or was for me.

likely cancel it if it is this much of a furball and then go to a commercial bank or bank who does know what they
are doing with a swift code method and go from there

i know of maybe 6-10 people had this problem on here if i remember the number more or less

anyway i had it happen on my orig order was prepared for the refund and had this all setup ahead of time
for the 2nd batch refund...just did it thru a bank that i could add the swift code with other info...went
thru w/o any other emails from knc on how to do it or anything else.

anyway for what it is worth

Searing

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Searing
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March 11, 2014, 12:24:18 AM
 #30789

This is rather unlikely, but it could be a good sign. Maybe they determined the number of Jupiters they want to make and are ready to order/produce.

1000GH batch 3 Jupiter aka "Red spot" for $3000 would be a good deal, Wink

"NO soup for you!" that stuff is all going into their GH farm and likely the 3rd batch of Neptunes they just pulled too imho...there's GOLD
IN THEM THEIR GH FARMS by guppy"

sorry my "miner 49'er accent from the gold rush is lame"

Searing

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Soros Shorts
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March 11, 2014, 12:24:33 AM
 #30790

Omg how the hell you want to compare a machine which suxx 400 watt for 190 Gh to machines which use less then half of that power for the same hashpower
Fraking wankers stop comparing these, let your brain work a bit if it can.
I offer some miner for sale who use half the freaking power and people start crying i can buy a ant for less .... brainless twirps

The reality is that the monthly power cost required to operated these miners is still relatively low when compared to the cost of the hardware. For small time home miners who are not close to maxing out their Amps usage it makes sense to compare the price per GH/s with that of an Antminer.
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March 11, 2014, 12:24:42 AM
 #30791

Omg how the hell you want to compare a machine which suxx 400 watt for 190 Gh to machines which use less then half of that power for the same hashpower
Fraking wankers stop comparing these, let your brain work a bit if it can.
I offer some miner for sale who use half the freaking power and people start crying i can buy a ant for less .... brainless twirps


Monthly electricity cost between 3 Ants and one Jupiter is ~$45/mo advantage to Jupiter at US rates (0.12).
Does not really matter for 3-4 mo of use if price difference is ~$2000.
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March 11, 2014, 11:53:13 AM
 #30792

Looks like they have sold out of Neptune's now! Smiley


They had 845 yesterday, so I don't think that they sold out.
It was just getting embarassing-only ~150 sold in more than 3wk-market has spoken.
The price is completely non-competitive without further info. It should be either 5Th for $10K or 3Th for $6-7K for Q2.
market has doubts and it is KnC job to provide better info.
BTW, Bitmain dropped the price today to 0.999BTC/180-200GH (or $624=$3120-3466/TH and you get it in 4 days).

Exactly. No one is the least bit interested in knc any more.

Firstly because knc believe this is a good way to communicate with their customers:



Secondly, because they totally screwed existing customers and lied to everyone.

Thirdly, they have nothing but contempt for paying customers.

The fact that there is only one new page in this thread per day reflects total lack of interest any more.

The market has spoken and it says

"KNC? Kn who? Those guys selling expensive pre-orders that are not worth it and screwed their entire customer base? Naw"

KNC removed their Neptunes from the store because no one wants them, no one is willing to support liars and back-stabbers, no one wants overpriced hardware and being kept in the dark about anything they'd like to know about the product.

KNC obviously have enough Jupiters going into their datacentre that THEY DON'T EVEN WANT NEPTUNES! So they probably decided to make only 2 batches, in case they end up with 1000 machines no one wants and they can't sell.

Datacentre is the only thing that is interesting to them now. As Facebook got sizeable grants to set up their datacentre in Lulea, I wonder if knc managed to get the Swedish government to throw them some cash? Maybe one day knc will be owned by the Swedish government, once they go under and have to be bailed out Grin

KNC's greed is going to do terrible damn to bitcoin, eventually.

"I am not The Avenger"
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March 11, 2014, 01:04:47 PM
 #30793

Omg how the hell you want to compare a machine which suxx 400 watt for 190 Gh to machines which use less then half of that power for the same hashpower
Fraking wankers stop comparing these, let your brain work a bit if it can.
I offer some miner for sale who use half the freaking power and people start crying i can buy a ant for less .... brainless twirps


Monthly electricity cost between 3 Ants and one Jupiter is ~$45/mo advantage to Jupiter at US rates (0.12).
Does not really matter for 3-4 mo of use if price difference is ~$2000.

It's also because you can buy an ant NOW and have it in your hands in 4 days for CHEAP. They have supply to meet my demand so I bought some last night. Nuff said on that.
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March 11, 2014, 01:22:53 PM
 #30794

The fact that there is only one new page in this thread per day reflects total lack of interest any more.

I guess you like to think you are apart of the solution to this, trying to fill up a page every day but I actually think you are apart of the problem, pushing every other interesting KnC discussion away.
As Facebook got sizeable grants to set up their datacentre in Lulea, I wonder if knc managed to get the Swedish government to throw them some cash? Maybe one day knc will be owned by the Swedish government, once they go under and have to be bailed out Grin

But this is kind of funny. That would be the day when the Swedish government bailed out a bitcoin company. In someway I guess we have won if that happens, bitcoin have then become to big to fail! :-)

But anyway are you interested to know why the Swedish government or sometimes EU do give grants to some companies that set up their operations in the northern part of Sweden. Maybe that is a bit of topic, but is is certainly more intresting to discuss than this:
KNC's greed is going to do terrible damn to bitcoin
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March 11, 2014, 01:28:32 PM
 #30795

KNC's greed is going to do terrible damn to bitcoin, eventually.

I agree with you

bitcoin is meant to be a decentalized P2P payment system (and much more) and was designed to be run by many around the world as Satoshi Nakamoto wanted it and designed it to be, not by a few mega mining farms.

KNC in the beginning acted like they were big supporters of the bitcoin community telling us they were going build great mining machines to spread around supporting the bitcoin network and their customers, but in fact are doing the total opposite.  Sucked us all in.

When I first discovered bitcoin I loved the idea and tried spreading the word around about bitcoin to friends and everyone I bumped into.  I was telling them that this is going to be huge as this bitcoin network is run by many people around the world like the P2P file sharing network worked.  It couldn't be stopped, it couldn't be controlled by any government or bank.

now I believe this isn't the case and it will only get worse so I refrain from spreading the word, I'm starting to think that one day in the near future instead of people complaining that the banks and governments have to much control with the monetary system it will be people complaining that a few mega mining farms will have this insane control with bitcoin.

I sure as hell can't trust KNC anymore and I can't tell others to do so also.  As fantastic as bitcoin is (true genius invention) I don't believe that people would take to the idea that it's controlled and run by a couple mega mining farms.  In the long run the many banks in many countries and many governments around the world would look less controlled/monopolized than bitcoin will look.  When you really think about people can elect a new government, people can change banks, and people can transact with whatever they want, but if bitcoin goes into the hands of a few greedy individuals you've don't have a choice no longer.

maybe the bitcoin foundation should impose some rules like mining farms cannot exceed a certain size in hash power, I know this is impossible to enforce but something has to be done before it really gets out of hand.

Sorry for the grim outlook but this is my gut feeling as to how this is going to pan out, the few greedy liars will destroy bitcoin.
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March 11, 2014, 01:47:52 PM
 #30796

KNC's greed is going to do terrible damn to bitcoin, eventually.

I agree with you

bitcoin is meant to be a decentalized P2P payment system (and much more) and was designed to be run by many around the world as Satoshi Nakamoto wanted it and designed it to be, not by a few mega mining farms.

KNC in the beginning acted like they were big supporters of the bitcoin community telling us they were going build great mining machines to spread around supporting the bitcoin network and their customers, but in fact are doing the total opposite.  Sucked us all in.

When I first discovered bitcoin I loved the idea and tried spreading the word around about bitcoin to friends and everyone I bumped into.  I was telling them that this is going to be huge as this bitcoin network is run by many people around the world like the P2P file sharing network worked.  It couldn't be stopped, it couldn't be controlled by any government or bank.

now I believe this isn't the case and it will only get worse so I refrain from spreading the word, I'm starting to think that one day in the near future instead of people complaining that the banks and governments have to much control with the monetary system it will be people complaining that a few mega mining farms will have this insane control with bitcoin.

I sure as hell can't trust KNC anymore and I can't tell others to do so also.  As fantastic as bitcoin is (true genius invention) I don't believe that people would take to the idea that it's controlled and run by a couple mega mining farms.  In the long run the many banks in many countries and many governments around the world would look less controlled/monopolized than bitcoin will look.  When you really think about people can elect a new government, people can change banks, and people can transact with whatever they want, but if bitcoin goes into the hands of a few greedy individuals you've don't have a choice no longer.

maybe the bitcoin foundation should impose some rules like mining farms cannot exceed a certain size in hash power, I know this is impossible to enforce but something has to be done before it really gets out of hand.

Sorry for the grim outlook but this is my gut feeling as to how this is going to pan out, the few greedy liars will destroy bitcoin.

1-2 years ago people were so damn scared about a 51% attack, now when the total hashrate is going to the moon everyone is still complaining. Until proven KnC still are good guys and i don't see how can their greed do terrible thins to bitcoin. We have cex.io that made a successful double spend and nobody is complaining so much about them and we have KnC who did nothing wrong except mine more coins than anyone else and people are complaining. People are weird!

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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March 11, 2014, 01:56:13 PM
 #30797

1-2 years ago people were so damn scared about a 51% attack, now when the total hashrate is going to the moon everyone is still complaining. Until proven KnC still are good guys and i don't see how can their greed do terrible thins to bitcoin. We have cex.io that made a successful double spend and nobody is complaining so much about them and we have KnC who did nothing wrong except mine more coins than anyone else and people are complaining. People are weird!

Trust and respect are earned, not given.

This is probably why KNC / cex.io receive neither from many of us. They're not "the good guys", they're out to make money. They were good guys for batches 1 & 2 in 2013, and after that they stopped advertising themselves as friendly "miner folk" who simply wanted to give back to the community.

Seriously. For some reason people forget this.

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March 11, 2014, 02:03:06 PM
 #30798

Hmm maybe this could be an interesting discussion. I think the end game is an interesting discussion but that a single company like KnC or Gox will destroy bitcoin if they fail I find boring.

Lets say bitcoin become the global currency. All the mining is in the hands of all countries different goverments. What can they actually do, sit down together and discuss like they try to do now regarding Ukraine and vote to do some kind 51% attack. Anyone have any idees? My guess is that they at that point have past the point where they want to shutdown bitcoin. And they wouldn't be able to print more money would they?

The bitcoin foundation forcing regulation upon us would for me be the worst move ever, mainly because I view regulation for most part as the opposite of freedom and also becuse I think the small group of people regulation would be even more subject to political pressures and bribes etc.. than the companies working in the space.

Just my thoughts.
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March 11, 2014, 02:08:57 PM
 #30799

KNC's greed is going to do terrible damn to bitcoin, eventually.

I agree with you

bitcoin is meant to be a decentalized P2P payment system (and much more) and was designed to be run by many around the world as Satoshi Nakamoto wanted it and designed it to be, not by a few mega mining farms.

KNC in the beginning acted like they were big supporters of the bitcoin community telling us they were going build great mining machines to spread around supporting the bitcoin network and their customers, but in fact are doing the total opposite.  Sucked us all in.

When I first discovered bitcoin I loved the idea and tried spreading the word around about bitcoin to friends and everyone I bumped into.  I was telling them that this is going to be huge as this bitcoin network is run by many people around the world like the P2P file sharing network worked.  It couldn't be stopped, it couldn't be controlled by any government or bank.

now I believe this isn't the case and it will only get worse so I refrain from spreading the word, I'm starting to think that one day in the near future instead of people complaining that the banks and governments have to much control with the monetary system it will be people complaining that a few mega mining farms will have this insane control with bitcoin.

I sure as hell can't trust KNC anymore and I can't tell others to do so also.  As fantastic as bitcoin is (true genius invention) I don't believe that people would take to the idea that it's controlled and run by a couple mega mining farms.  In the long run the many banks in many countries and many governments around the world would look less controlled/monopolized than bitcoin will look.  When you really think about people can elect a new government, people can change banks, and people can transact with whatever they want, but if bitcoin goes into the hands of a few greedy individuals you've don't have a choice no longer.

maybe the bitcoin foundation should impose some rules like mining farms cannot exceed a certain size in hash power, I know this is impossible to enforce but something has to be done before it really gets out of hand.

Sorry for the grim outlook but this is my gut feeling as to how this is going to pan out, the few greedy liars will destroy bitcoin.

1-2 years ago people were so damn scared about a 51% attack, now when the total hashrate is going to the moon everyone is still complaining. Until proven KnC still are good guys and i don't see how can their greed do terrible thins to bitcoin. We have cex.io that made a successful double spend and nobody is complaining so much about them and we have KnC who did nothing wrong except mine more coins than anyone else and people are complaining. People are weird!

I can't disagree with you and wish I can see KNC as you do, but at moment I don't get that fuzzy feeling from them.

cex.io is a cloud farm selling mining contracts so they don't come across like KNC do.
the size or 51% perspective of cex.io doesn't come across as greedy as KNC, but truthfully I don't know to much who and how cex.io operates and if they lied to get to where they are.

KNC have registered a 'knccloud' domain but I think they will only sell mining contacts when they see a decline in mining revenue for themselves. 

I just lost my trust with them only because of their behavior and lies. 
We're still waiting for them to sell some jupiter upgrade modules.  Couldn't they just come out and say, sorry there isn't going to be any.
Their transparency and communications about selling existing modules and development of neptune isn't reassuring.

I really hope I'm wrong and bitcoin does succeed, and not just to make profit mining just because I like to see a bitcoin payment system and protocol remove/take some of the control from banks and governments.
 
vesperwillow
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March 11, 2014, 02:19:04 PM
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merv, they already said a month ago they wouldn't sell upgrade modules anymore.

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