Bitcoin Forum
November 23, 2017, 07:14:39 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 1512 1513 1514 1515 1516 1517 1518 1519 1520 1521 1522 1523 1524 1525 1526 1527 1528 1529 1530 1531 1532 1533 1534 1535 1536 1537 1538 1539 1540 1541 1542 1543 1544 1545 1546 1547 1548 1549 1550 1551 1552 1553 1554 1555 1556 1557 1558 1559 1560 1561 [1562] 1563 1564 1565 1566 1567 1568 1569 1570 1571 1572 1573 1574 1575 1576 1577 1578 1579 1580 1581 1582 1583 1584 1585 1586 1587 1588 1589 1590 1591 1592 1593 1594 1595 1596 1597 1598 1599 1600 1601 1602 1603 1604 1605 1606 1607 1608 1609 1610 1611 1612 ... 2138 »
  Print  
Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012255 times)
jegersmart
Full Member
***
Offline Offline

Activity: 168


View Profile
March 24, 2014, 10:40:13 AM
 #31221

yay......a KNC scrypt miner delivering in 2014 at some stage....lend us $10k now though!!!lololololol

J

Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511464479
Hero Member
*
Offline Offline

Posts: 1511464479

View Profile Personal Message (Offline)

Ignore
1511464479
Reply with quote  #2

1511464479
Report to moderator
joeventura
Hero Member
*****
Offline Offline

Activity: 714



View Profile
March 24, 2014, 10:42:16 AM
 #31222

If they would sell that Boden hashpower at a decent rate, or fulfill orders with it...it would create a huge diff increase offset, and be a huge benefit to Neptune holders and the community as a whole, because it's already a part of the cloud, and would cause zero diff increase, yet at the same time offer a great deal. They do have the ability to turn it into a HUGE customer advantage in this way. I hope they "Do the right thing"
That would be HUGE imho, and may even happen.

SO you are KNC you have hashpower, it creates $x an hour, your customers can do math and will not buy it for more than $x an hour,
show me a business model where it makes more sense to sell it for $x minus a little to make it profitable for your customers vs. just keeping it all your self and making raw profit?

The KNCcloud is just there to appease you when Neptune comes in late, then they will go back to using it for their own profit, why are you expecting anything customer centric when their focus has clearly changed from that lonnnnng ago?

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
Tigggger
Legendary
*
Offline Offline

Activity: 1051



View Profile
March 24, 2014, 10:49:29 AM
 #31223

The KNCcloud is just there to appease you when Neptune comes in late, then they will go back to using it for their own profit, why are you expecting anything customer centric when their focus has clearly changed from that lonnnnng ago?

KNC's new direction and orama's abscence, connected ?

joeventura
Hero Member
*****
Offline Offline

Activity: 714



View Profile
March 24, 2014, 10:59:58 AM
 #31224

The KNCcloud is just there to appease you when Neptune comes in late, then they will go back to using it for their own profit, why are you expecting anything customer centric when their focus has clearly changed from that lonnnnng ago?

KNC's new direction and orama's abscence, connected ?

no

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
jegersmart
Full Member
***
Offline Offline

Activity: 168


View Profile
March 24, 2014, 11:17:45 AM
 #31225

If they would sell that Boden hashpower at a decent rate, or fulfill orders with it...it would create a huge diff increase offset, and be a huge benefit to Neptune holders and the community as a whole, because it's already a part of the cloud, and would cause zero diff increase, yet at the same time offer a great deal. They do have the ability to turn it into a HUGE customer advantage in this way. I hope they "Do the right thing"
That would be HUGE imho, and may even happen.

SO you are KNC you have hashpower, it creates $x an hour, your customers can do math and will not buy it for more than $x an hour,
show me a business model where it makes more sense to sell it for $x minus a little to make it profitable for your customers vs. just keeping it all your self and making raw profit?

The KNCcloud is just there to appease you when Neptune comes in late, then they will go back to using it for their own profit, why are you expecting anything customer centric when their focus has clearly changed from that lonnnnng ago?

I think this is a bit naive tbh.....

J

SyRenity
Hero Member
*****
Offline Offline

Activity: 728


View Profile
March 24, 2014, 11:30:22 AM
 #31226

Spoondoodles or whatever their name is has said they don't plan to mine, other than 24 hours of burn in testing which they donate to charity.

Any manufacturer that mines has an inherent conflict of interest with its customers especially when it can delay shipment (and keep mining for itself) without any real consequences.

Let's face facts here.  Conflict or not, every manufacturer mines with their own equipment.  This is no secret.  I'm pretty sure even BitMain has a farm of some sort.

I don't think they've denied it. In fact I think they've been open about it. "Spoondoodles" denies it.


While I don't feel very comfortable jumping into a competitor thread, I do would like to emphasize that we are committed to what we have have said before - none of our client units will be used for self-mining, beyond a standard burn-in test, with resulting proceeds will be publicly donated to a charity. Moreover, these clients who decide to use our upcoming hosted plan, will have the burn-in proceeds going immediately to their own set-up wallets.

This is part of company ethos, insisted by our investors and one of the reasons that I personally have joined them in the first place. We are (still) a start-up sized team, so any generated BTC during testing, tuning, etc... are completely transparent and being accounted in for the future charity proceeds.
BitchImightbe
Member
**
Offline Offline

Activity: 119

Loving Jah!


View Profile
March 24, 2014, 11:39:15 AM
 #31227

Spoondoodles or whatever their name is has said they don't plan to mine, other than 24 hours of burn in testing which they donate to charity.

Any manufacturer that mines has an inherent conflict of interest with its customers especially when it can delay shipment (and keep mining for itself) without any real consequences.

Let's face facts here.  Conflict or not, every manufacturer mines with their own equipment.  This is no secret.  I'm pretty sure even BitMain has a farm of some sort.

I don't think they've denied it. In fact I think they've been open about it. "Spoondoodles" denies it.


While I don't feel very comfortable jumping into a competitor thread, I do would like to emphasize that we are committed to what we have have said before - none of our client units will be used for self-mining, beyond a standard burn-in test, with resulting proceeds will be publicly donated to a charity. Moreover, these clients who decide to use our upcoming hosted plan, will have the burn-in proceeds going immediately to their own set-up wallets.

This is part of company ethos, insisted by our investors and one of the reasons that I personally have joined them in the first place. We are (still) a start-up sized team, so any generated BTC during testing, tuning, etc... are completely transparent and being accounted in for the future charity proceeds.

But you do have a farm, just not clients units?
Don´t lie  Smiley

kendog77
Hero Member
*****
Offline Offline

Activity: 742


View Profile
March 24, 2014, 11:46:03 AM
 #31228

Spoondoodles or whatever their name is has said they don't plan to mine, other than 24 hours of burn in testing which they donate to charity.

Any manufacturer that mines has an inherent conflict of interest with its customers especially when it can delay shipment (and keep mining for itself) without any real consequences.

Let's face facts here.  Conflict or not, every manufacturer mines with their own equipment.  This is no secret.  I'm pretty sure even BitMain has a farm of some sort.

I don't think they've denied it. In fact I think they've been open about it. "Spoondoodles" denies it.


While I don't feel very comfortable jumping into a competitor thread, I do would like to emphasize that we are committed to what we have have said before - none of our client units will be used for self-mining, beyond a standard burn-in test, with resulting proceeds will be publicly donated to a charity. Moreover, these clients who decide to use our upcoming hosted plan, will have the burn-in proceeds going immediately to their own set-up wallets.

This is part of company ethos, insisted by our investors and one of the reasons that I personally have joined them in the first place. We are (still) a start-up sized team, so any generated BTC during testing, tuning, etc... are completely transparent and being accounted in for the future charity proceeds.

But you do have a farm, just not clients units?
Don´t lie  Smiley

Right, here is what most hardware manufacturers do to get private customer funded farms:

1.) Sell a miner to a customer at 4x the cost of production.
2.) Add 3 miners to a private farm with profit from the sale of the customer unit.
3.) Rince and repeat thousands of times.

I'm almost certain that Knc and BuzzDave (BitFury) followed this business model.
SyRenity
Hero Member
*****
Offline Offline

Activity: 728


View Profile
March 24, 2014, 11:50:29 AM
 #31229

But you do have a farm, just not clients units?
Don´t lie  Smiley

Again, the hosting capabilities that we have are intended for the hosted plans, which we are going to introduce shortly.
Biffa
Legendary
*
Offline Offline

Activity: 1358



View Profile
March 24, 2014, 11:54:43 AM
 #31230

But you do have a farm, just not clients units?
Don´t lie  Smiley

Again, the hosting capabilities that we have are intended for the hosted plans, which we are going to introduce shortly.

Which doesn't answer the question.

Do you have a private mine with your own equipment, built for your mine for you and your company and its Venture Capital investors?

Spondoolies-Tech
Donator
Legendary
*
Offline Offline

Activity: 924


It was fun while it lasted


View Profile WWW
March 24, 2014, 11:57:06 AM
 #31231

Do you have a private mine with your own equipment, built for your mine for you and your company and its Venture Capital investors?
We currently don't have a farm. Our data center is solely for hosting our customers units.
We don't have plan to have a farm during 2014.
We want to concentrate on building and selling the best mining machines, not operate farms.
Clear enough ?

We released the following miners only when we were operational: SP10, SP20, SP30, SP31 and SP35.
If you see anything else offered online, it's a scam.
We designed but never completed the SP50
Biffa
Legendary
*
Offline Offline

Activity: 1358



View Profile
March 24, 2014, 11:59:48 AM
 #31232

Do you have a private mine with your own equipment, built for your mine for you and your company and its Venture Capital investors?
We currently don't have a farm. Our data center is solely for hosting our customers units.
We don't have plan to have a farm during 2014.
We want to concentrate on building and selling the best mining machines, not operate farms.
Clear enough ?

Perfectly, thank you.

Please understand, there have been a lot of people burned by vague wordings in the past on TOS, company promises etc. I wasn't attacking you just trying to get a specific clear response.

Although I also understand that one persons response in a forum is not company policy and that I personally won't hold you to it, there are some that might however Smiley

Flashman
Hero Member
*****
Offline Offline

Activity: 518


Hodl!


View Profile
March 24, 2014, 12:17:49 PM
 #31233

SO you are KNC you have hashpower, it creates $x an hour, your customers can do math and will not buy it for more than $x an hour,
show me a business model where it makes more sense to sell it for $x minus a little to make it profitable for your customers vs. just keeping it all your self and making raw profit?

Well there's a lot of places in the world where electricity is an insane price per kilowatt hour. If KNC get a real good rate, then they can effectively "resell" the electricity to customers who are in expensive markets. Ergo, they will make a little bit more than mining for themselves, and the customers in $$$ electricity markets will make a little more, or break-even, considering the convenience factor, vs running a reasonably efficient miner in their locale.

I would guesstimate that anyone who is paying 15c or less per kilowatt hour will not find this worthwhile.

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
joeventura
Hero Member
*****
Offline Offline

Activity: 714



View Profile
March 24, 2014, 12:22:25 PM
 #31234

SO you are KNC you have hashpower, it creates $x an hour, your customers can do math and will not buy it for more than $x an hour,
show me a business model where it makes more sense to sell it for $x minus a little to make it profitable for your customers vs. just keeping it all your self and making raw profit?

Well there's a lot of places in the world where electricity is an insane price per kilowatt hour. If KNC get a real good rate, then they can effectively "resell" the electricity to customers who are in expensive markets. Ergo, they will make a little bit more than mining for themselves, and the customers in $$$ electricity markets will make a little more, or break-even, considering the convenience factor, vs running a reasonably efficient miner in their locale.

I would guesstimate that anyone who is paying 15c or less per kilowatt hour will not find this worthwhile.

assuming they had plans to resell and assuming you knew what the business model looked like.

Just the bookkeeping costs to resell hash power for the difference in their electricity vs my electricity
rather than just filling their own pockets is a stretch that my imagination can't make.


BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
joeventura
Hero Member
*****
Offline Offline

Activity: 714



View Profile
March 24, 2014, 12:23:36 PM
 #31235

If they would sell that Boden hashpower at a decent rate, or fulfill orders with it...it would create a huge diff increase offset, and be a huge benefit to Neptune holders and the community as a whole, because it's already a part of the cloud, and would cause zero diff increase, yet at the same time offer a great deal. They do have the ability to turn it into a HUGE customer advantage in this way. I hope they "Do the right thing"
That would be HUGE imho, and may even happen.

SO you are KNC you have hashpower, it creates $x an hour, your customers can do math and will not buy it for more than $x an hour,
show me a business model where it makes more sense to sell it for $x minus a little to make it profitable for your customers vs. just keeping it all your self and making raw profit?

The KNCcloud is just there to appease you when Neptune comes in late, then they will go back to using it for their own profit, why are you expecting anything customer centric when their focus has clearly changed from that lonnnnng ago?

I think this is a bit naive tbh.....

J




Which part and why?  Step up and be heard.

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
faetos
Hero Member
*****
Offline Offline

Activity: 582

gotta let a coin be a coin


View Profile
March 24, 2014, 12:34:05 PM
 #31236

Do you have a private mine with your own equipment, built for your mine for you and your company and its Venture Capital investors?
We currently don't have a farm. Our data center is solely for hosting our customers units.
We don't have plan to have a farm during 2014.
We want to concentrate on building and selling the best mining machines, not operate farms.
Clear enough ?

Where did your company's name come from?
smooth
Legendary
*
Offline Offline

Activity: 1610



View Profile
March 24, 2014, 12:43:24 PM
 #31237

Do you have a private mine with your own equipment, built for your mine for you and your company and its Venture Capital investors?
We currently don't have a farm. Our data center is solely for hosting our customers units.
We don't have plan to have a farm during 2014.
We want to concentrate on building and selling the best mining machines, not operate farms.
Clear enough ?

Where did your company's name come from?

google it
AussieHash
Hero Member
*****
Offline Offline

Activity: 685



View Profile
March 24, 2014, 12:55:37 PM
 #31238

http://www.reddit.com/r/Bitcoin/comments/2182nb/kncminers_ceo_sam_cole_dumping_bitcoins_worth/



Edit : Microsoft translation link http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http://www.di.se/artiklar/2014/3/20/drar-in-en-halv-miljard-pa-bitcoin/

Quote
(google translate)

Swedish KNC Miner, which sells servers for mining bitcoin, has pulled in more than half a billion kronor in revenue since its launch last summer.
This extended operations with a new server for the excavation of another virtual currency, litecoin - a launch that already generated SEK 27 million in revenue.

In mid-February, the Swedish IT company KNC Miner hit the headlines with the news that they would build one of the largest data centers in Constance. The company is therefore the second, after Facebook, Norrbotten who choose to build a giant data center.

An old helicopter hangar at 5,500 square feet is now starting to be filled with KNC Miners specially developed servers that devotes his days to "break" new bitcoin. The virtual currency is produced namely of advanced servers cracking algorithms.

"We are serving more than three million kronor a day to resell the bitcoin we break ourselves," said Sam Cole, founder and vice president of KNC Miner with 80 employees and offices on West Higgins Road in central Stockholm.

Besides producing and selling bitcoin feeds KNC Miner to develop, build and sell specialized servers called bitcoinbrytning. The best seller is called Jupiter, which is now being followed up with twice as powerful server Neptune.

"Since the company was founded in June 2013, we had revenues of $ 78 million (half a billion kronor)," said Sam Cole, with his roots in Britain.

On Wednesday, the company rolled out a new line of servers they call Titan. Unlike the company's other products, the Titan server is not focused on bitcoin, but on the other virtual currencies.

"Titan is our first server that focuses solely on scripts basse conditioned virtual currencies Litecoin" said Sam Cole, referring to the currency that is currently the second most popular after bitcoin.

The new servers have been selling like hot cakes. On one day have KNC Miner received over a thousand orders for Titan servers.

"We have confirmed revenues of $ 4.2 million (27 million kronor)," said Sam Cole.

In June it will be time for KNC Miner to close the books for their first year as a company. Sam Cole does not exclude in the first year will be a billion companies.

"We will have over 100 million dollars in revenue (640 million kronor) for KNC Miner Group in late June, I can say with confidence," he says.

KNC Miner AB is based in Stockholm but has all of its revenues in dollars. Even when the company will charge you in bitcoin is careful to immediately switch the virtual currency to U.S. dollars, according to Sam Cole, who founded the company along with three Swedes.

Behind KNC Miner is two companies: Kennemar and Cole (founded Sam Cole and Andreas Kennemar) and ORSoC (founded by Marcus Erlandsson and Michael Unnebäck).

Basically they're selling USD$466,000 worth of bitcoin per day.

Never mine with over 5% of what they sell to their customer base ?  Sounds like Neptune preorders will be BFL'd.
Spondoolies-Tech
Donator
Legendary
*
Offline Offline

Activity: 924


It was fun while it lasted


View Profile WWW
March 24, 2014, 01:15:09 PM
 #31239

[
Although I also understand that one persons response in a forum is not company policy and that I personally won't hold you to it, there are some that might however Smiley
It is the company policy. Save a screen capture.

We released the following miners only when we were operational: SP10, SP20, SP30, SP31 and SP35.
If you see anything else offered online, it's a scam.
We designed but never completed the SP50
Spondoolies-Tech
Donator
Legendary
*
Offline Offline

Activity: 924


It was fun while it lasted


View Profile WWW
March 24, 2014, 01:25:01 PM
 #31240

Spondooliesetech (1.4TH) shipping from stock @ ~1W/TH, ~$5,000
We're at 0.8-0.9W/TH range at the system level.
Read dogie review: https://bitcointalk.org/index.php?topic=525469.0
We're constantly improving our fw to get better results. We're getting above 1.5 TH/s with 25C ambient temperature.
Very slim machine, just 1.25U, suitable for rack mounting

We released the following miners only when we were operational: SP10, SP20, SP30, SP31 and SP35.
If you see anything else offered online, it's a scam.
We designed but never completed the SP50
Pages: « 1 ... 1512 1513 1514 1515 1516 1517 1518 1519 1520 1521 1522 1523 1524 1525 1526 1527 1528 1529 1530 1531 1532 1533 1534 1535 1536 1537 1538 1539 1540 1541 1542 1543 1544 1545 1546 1547 1548 1549 1550 1551 1552 1553 1554 1555 1556 1557 1558 1559 1560 1561 [1562] 1563 1564 1565 1566 1567 1568 1569 1570 1571 1572 1573 1574 1575 1576 1577 1578 1579 1580 1581 1582 1583 1584 1585 1586 1587 1588 1589 1590 1591 1592 1593 1594 1595 1596 1597 1598 1599 1600 1601 1602 1603 1604 1605 1606 1607 1608 1609 1610 1611 1612 ... 2138 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!