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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3041659 times)
sbfree
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March 11, 2014, 04:49:44 PM
 #30801

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.
Or sooner if you know where....hint hint Grin
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sbfree
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March 11, 2014, 04:52:04 PM
 #30802

I didn't watch the video, but the article mentions NEPTUNES, think they got it wrong.
http://www.networkworld.com/community/node/84986
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March 11, 2014, 04:56:20 PM
 #30803

IIt's a mistake to be loyal to any bitcoin mining hardware company in the mining business, so I hope folks aren't missing out on some excellent non Knc mining hardware. I'm not sure 20nm bitcoin mining hardware will be economically viable within the next year due to high development and manufacturing costs. I have a feeling that Chinese mining hardware manufacturers are going to flood the market with cheap ASICs and end up killing off a lot of underperforming mining hardware companies over the next six months...

Exactly. Some like to drive BMW, some Kia, but it is based on prestige. In bitcoin mining what matters is the cost of equipment and its reliability plus electricity.
It's not like Jupiter has smoother curves or anything, LOL.
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March 11, 2014, 05:24:05 PM
 #30804

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

requested refund 2 weeks ago and asked how long the procedure was. they ve said, it would be about 10 days + transfer time.
asked them why the delay of 10 days and also told them 3 days should be enough to manage it.
on day 3 after my request i had the money back, so i dont understand what is goin on in your case.

good luck
soy
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March 11, 2014, 08:47:47 PM
 #30805

I'm not sure I understand the complaints about mining farms undermining non-centralization.  That was from the days of mining using Bitcoin-QT, with the CPU both maintaining a current record of the blockchain and mining. 

The point was that there were copies of the entire blockchain on every computer using Bitcoin-QT or bitcoind.  That was what needed to not be centralized.

Our miners do not maintain a blockchain with all the blocks.  The pools do tho and some who solo mine might, don't know.
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March 12, 2014, 03:30:29 PM
 #30806

I'm not sure I understand the complaints about mining farms undermining non-centralization.  That was from the days of mining using Bitcoin-QT, with the CPU both maintaining a current record of the blockchain and mining. 

The point was that there were copies of the entire blockchain on every computer using Bitcoin-QT or bitcoind.  That was what needed to not be centralized.

Our miners do not maintain a blockchain with all the blocks.  The pools do tho and some who solo mine might, don't know.

we need a bitcoin supernode

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
Searing
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Clueless!


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March 12, 2014, 03:52:52 PM
 #30807

I'm not sure I understand the complaints about mining farms undermining non-centralization.  That was from the days of mining using Bitcoin-QT, with the CPU both maintaining a current record of the blockchain and mining. 

The point was that there were copies of the entire blockchain on every computer using Bitcoin-QT or bitcoind.  That was what needed to not be centralized.

Our miners do not maintain a blockchain with all the blocks.  The pools do tho and some who solo mine might, don't know.

we need a bitcoin supernode

elaborate please (to the other guy who got a dripping wet Jupiter if i remember correctly heh)

Searing

Try out www.synchro.net An 'Old School' BBS (Bulletin Board System) works on Win /10/8/7 and Linux!
Three-minute install. The last upgrade was Jan 1st, 2019. I think you will be impressed by this project!
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March 12, 2014, 05:53:44 PM
 #30808

So finally I get a response after almost 2 weeks and they say that the information is invalid. I use a credit Union and as a result there is an intermediary bank that it has to flow through but since KNC's system doesn't allow for that they can't process the refund? I think they are just being lazy or this is a stall tactic. I'm going to be pissed if I need to open a new bank account for this. What a cluster&%@@.
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March 12, 2014, 07:10:59 PM
 #30809

So finally I get a response after almost 2 weeks and they say that the information is invalid. I use a credit Union and as a result there is an intermediary bank that it has to flow through but since KNC's system doesn't allow for that they can't process the refund? I think they are just being lazy or this is a stall tactic. I'm going to be pissed if I need to open a new bank account for this. What a cluster&%@@.

Your credit union should be able to provide you with the information from what's called their correspondent bank so that you can get the wire transfer sent to you, then credited to your account. You'll probably need to get with an officer of the credit union as the tellers and "front facing" clerks generally can't get the required information about the credit union's account with a bank that you'll need.

Basically your credit union has an account at a bank that they use for processing transactions through the ACH and fed wire transfer systems, and SWIFT. That's the account that will need to receive the wire transfer from KnC, then once received credit the amount to your credit union account.

Good luck.
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March 12, 2014, 08:05:07 PM
 #30810

bitcoin mining != everything about bitcoin... 

What KnC is doing just screws up what role avg miners thought about themselves but doesn't hurt bitcoin in general.
There are still the same amount of coins popping up each day... as Satoshi envisioned


If avg miners 'take their toys and go home' big deal.  They were only in for the speculation just like traders no matter how much they try to state their case.


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March 12, 2014, 08:09:08 PM
 #30811

bitcoin mining != everything about bitcoin... 

What KnC is doing just screws up what role avg miners thought about themselves but doesn't hurt bitcoin in general.
There are still the same amount of coins popping up each day... as Satoshi envisioned


If avg miners 'take their toys and go home' big deal.  They were only in for the speculation just like traders no matter how much they try to state their case.

If you can subvert mining you can subvert Bitcoin.  Having massive corporate/single "hand" pools centralizes mining and makes it substantially easier for an entity to subvert.
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March 12, 2014, 08:15:26 PM
 #30812

So finally I get a response after almost 2 weeks and they say that the information is invalid. I use a credit Union and as a result there is an intermediary bank that it has to flow through but since KNC's system doesn't allow for that they can't process the refund? I think they are just being lazy or this is a stall tactic. I'm going to be pissed if I need to open a new bank account for this. What a cluster&%@@.

Your credit union should be able to provide you with the information from what's called their correspondent bank so that you can get the wire transfer sent to you, then credited to your account. You'll probably need to get with an officer of the credit union as the tellers and "front facing" clerks generally can't get the required information about the credit union's account with a bank that you'll need.

Basically your credit union has an account at a bank that they use for processing transactions through the ACH and fed wire transfer systems, and SWIFT. That's the account that will need to receive the wire transfer from KnC, then once received credit the amount to your credit union account.

Good luck.

I did talk to an officer at the bank and provided KNC with the exact information. Funds are received by a US correspondence bank (JP Morgan) Swift code #1. From there the funds get sent to the Benificiary Bank in Canada, swift code#2 and account number of my beneficiary bank (local branch) this is where I have a transit #, Payee Name, Payee Acct # and Payee address.

KNC's Response to my legit info:

I can confirm that order 125XX has 1 miner and the price you paid 10,166 USD The bank details are not clear for us as you are providing with two bank accounts, two SWIFT codes and there is no routing/clearing number. The fields that we have in our banking system to fill in for transactions are:

Full name of account holder - The full name of the bank - The complete address of your bank - The routing/clearing number - The account number - SWIFT - Payment Comments: Please specify details, as in case if we type them wrong, there is possibility for payment not to reach the account.
AussieHash
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March 12, 2014, 09:43:57 PM
 #30813

I sure hope one day that someone invents a faster, cheaper, instant way to transfer value from person to person over the Internet that cuts out legacy banks all together.
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March 12, 2014, 10:05:42 PM
 #30814

I sure hope one day that someone invents a faster, cheaper, instant way to transfer value from person to person over the Internet that cuts out legacy banks all together.

Something that could to that internationally would be worth thousands of dollars per unit.

Buy & Hold
lemonte
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March 12, 2014, 10:19:35 PM
 #30815

I sure hope one day that someone invents a faster, cheaper, instant way to transfer value from person to person over the Internet that cuts out legacy banks all together.

Something that could to that internationally would be worth thousands of dollars per unit.

Good news!


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March 12, 2014, 10:22:25 PM
 #30816

I sure hope one day that someone invents a faster, cheaper, instant way to transfer value from person to person over the Internet that cuts out legacy banks all together.

Something that could to that internationally would be worth thousands of dollars per unit.

Good news!

Wow!

Buy & Hold
Gator-hex
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March 12, 2014, 10:28:56 PM
 #30817

I'm not sure I understand the complaints about mining farms undermining non-centralization.  That was from the days of mining using Bitcoin-QT, with the CPU both maintaining a current record of the blockchain and mining.  

The point was that there were copies of the entire blockchain on every computer using Bitcoin-QT or bitcoind.  That was what needed to not be centralized.

Our miners do not maintain a blockchain with all the blocks.  The pools do tho and some who solo mine might, don't know.

There are two things you do not understand about decentralizing the mining.

1) It makes it hard for those who hate Bitcoin to close us down.
2) It makes transactions more secure. If a farm/pool has enough share to complete 10 transactions in a row it means you cannot know they didn't cheat until you get 10+ confirmations and the integrity of the blockchain is confirmed by another farm/pool.

You will find the biggest ASIC makers both run the biggest farms and pools. It becomes a conflict of interest. You trust these people with you wealth?

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March 13, 2014, 02:38:50 AM
 #30818

So finally I get a response after almost 2 weeks and they say that the information is invalid. I use a credit Union and as a result there is an intermediary bank that it has to flow through but since KNC's system doesn't allow for that they can't process the refund? I think they are just being lazy or this is a stall tactic. I'm going to be pissed if I need to open a new bank account for this. What a cluster&%@@.

Your credit union should be able to provide you with the information from what's called their correspondent bank so that you can get the wire transfer sent to you, then credited to your account. You'll probably need to get with an officer of the credit union as the tellers and "front facing" clerks generally can't get the required information about the credit union's account with a bank that you'll need.

Basically your credit union has an account at a bank that they use for processing transactions through the ACH and fed wire transfer systems, and SWIFT. That's the account that will need to receive the wire transfer from KnC, then once received credit the amount to your credit union account.

Good luck.

I did talk to an officer at the bank and provided KNC with the exact information. Funds are received by a US correspondence bank (JP Morgan) Swift code #1. From there the funds get sent to the Benificiary Bank in Canada, swift code#2 and account number of my beneficiary bank (local branch) this is where I have a transit #, Payee Name, Payee Acct # and Payee address.

KNC's Response to my legit info:

I can confirm that order 125XX has 1 miner and the price you paid 10,166 USD The bank details are not clear for us as you are providing with two bank accounts, two SWIFT codes and there is no routing/clearing number. The fields that we have in our banking system to fill in for transactions are:

Full name of account holder - The full name of the bank - The complete address of your bank - The routing/clearing number - The account number - SWIFT - Payment Comments: Please specify details, as in case if we type them wrong, there is possibility for payment not to reach the account.

it took me a month to get a refund I ran into the same situation as you my bank needed a settlement bank for USD funds, so I provided my bank swift code and the settlement bank swift code to them, the first refund request was rejected but I was never notified..., 2 weeks later I emailed support again to see what happen then they told me the info was wrong, I checked with the bank multiple times about the wire instructions info so I gave them the same info to KNC then it was rejected again, so 3 weeks passed still no refund, the only solution that I got to go around this is to take out the settlement bank info and receive the funds in the currency of your country instead of USD
sbfree
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March 13, 2014, 02:40:17 AM
 #30819

since we are on the subject, here's a tidbit from someone who knows a thing or two.

I got some info I have to follow up on that a couple of private farms just brought large multi petihash farms online in the last couple weeks. If I get this verified I will post about it.

The "Unknown" category has grown at Blockchain.info's Hashrate Distribution report. I know it's not entirely accurate, but the Unknown category has either benefitted enormously from a bout of luck or it has expanded greatly.

KNC moved it's private farm (2-3+ PH/s now I believe) off Eligius and went solo mining in the last week or two (hard to remember, Bitcoin time doesn't feel like real time).  So that added a big chunk to 'Unknown'.
wpgdeez
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March 13, 2014, 03:24:38 AM
 #30820

So finally I get a response after almost 2 weeks and they say that the information is invalid. I use a credit Union and as a result there is an intermediary bank that it has to flow through but since KNC's system doesn't allow for that they can't process the refund? I think they are just being lazy or this is a stall tactic. I'm going to be pissed if I need to open a new bank account for this. What a cluster&%@@.

Your credit union should be able to provide you with the information from what's called their correspondent bank so that you can get the wire transfer sent to you, then credited to your account. You'll probably need to get with an officer of the credit union as the tellers and "front facing" clerks generally can't get the required information about the credit union's account with a bank that you'll need.

Basically your credit union has an account at a bank that they use for processing transactions through the ACH and fed wire transfer systems, and SWIFT. That's the account that will need to receive the wire transfer from KnC, then once received credit the amount to your credit union account.

Good luck

I did talk to an officer at the bank and provided KNC with the exact information. Funds are received by a US correspondence bank (JP Morgan) Swift code #1. From there the funds get sent to the Benificiary Bank in Canada, swift code#2 and account number of my beneficiary bank (local branch) this is where I have a transit #, Payee Name, Payee Acct # and Payee address.

KNC's Response to my legit info:

I can confirm that order 125XX has 1 miner and the price you paid 10,166 USD The bank details are not clear for us as you are providing with two bank accounts, two SWIFT codes and there is no routing/clearing number. The fields that we have in our banking system to fill in for transactions are:

Full name of account holder - The full name of the bank - The complete address of your bank - The routing/clearing number - The account number - SWIFT - Payment Comments: Please specify details, as in case if we type them wrong, there is possibility for payment not to reach the account.

it took me a month to get a refund I ran into the same situation as you my bank needed a settlement bank for USD funds, so I provided my bank swift code and the settlement bank swift code to them, the first refund request was rejected but I was never notified..., 2 weeks later I emailed support again to see what happen then they told me the info was wrong, I checked with the bank multiple times about the wire instructions info so I gave them the same info to KNC then it was rejected again, so 3 weeks passed still no refund, the only solution that I got to go around this is to take out the settlement bank info and receive the funds in the currency of your country instead of USD

KNC agreed to refund in a different currency than USD? How did they do the conversion rate?

Thanks!
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