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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011541 times)
canth
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July 04, 2013, 10:56:32 AM
 #3141



AM is ~ 25% of the network hash. That works out to about 900 BTC/day or 6300 BTC/week, spread across several thousand shareholders. They're certainly not all selling - I'm doubtful that's the reason for the low point. Also, let's say that AM didn't exist - what makes you think that miners and pool operators getting their share of the blocks would operate any differently? The same BTC gets generated every day, it's just a matter of distribution.

you need to read what you wrote again...   it is WAY different when a few major piles need to either grab ROI before the next or one miner builder have to exchange btc for chip orders than if many users have small amounts.

you blow out the bid on an exchange and the ticker drops..  you would think if it is only AM then they would slow drip, but there are a few others so it turns into little races of cashouts to beat the other guy

this will continue till early next year.... get used to it


So, since you KNOW what's going to happen then I'd suggest you get used to it and profit from it! Again, this is just conjection - no one provides evidence that AM is manipulating the price - and do you see a weekly price trend that I don't?



How about an alternative theory for why BTC prices are down. MTGox, the largest BTC exchange on the planet isn't sending USD wires. This has lowered trading volume and when that happens, prices are going to be more volatile. For those that need to sell large amounts of BTC, there are few places to do this quickly and they'll take lower prices.

Volume evidence:

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erk
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July 04, 2013, 11:19:32 AM
 #3142



How about an alternative theory for why BTC prices are down. MTGox, the largest BTC exchange on the planet isn't sending USD wires. This has lowered trading volume and when that happens, prices are going to be more volatile. For those that need to sell large amounts of BTC, there are few places to do this quickly and they'll take lower prices.


Gox didn't suspend USD wires, it just went slowly. They have added new bank today.

https://mtgox.com/press_release_20130704.html
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July 04, 2013, 11:23:43 AM
 #3143



How about an alternative theory for why BTC prices are down. MTGox, the largest BTC exchange on the planet isn't sending USD wires. This has lowered trading volume and when that happens, prices are going to be more volatile. For those that need to sell large amounts of BTC, there are few places to do this quickly and they'll take lower prices.


Gox didn't suspend USD wires, it just went slowly. They have added new bank today.

https://mtgox.com/press_release_20130704.html

Plus they have recently registered to comply with anti money laundering laws via FinCEN as an MSB (Money Services Business) which if anything should have had a positive effect on SP seeing as that makes them Bitcoin's first legitimate financial exchange as far as the US Government is concerned.

On a side note, I found this, which could certainly improve the humour in timely updates from KnC;

http://www.cs.utexas.edu/users/jbc/home/chef.html Grin

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Kuroth
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July 04, 2013, 01:39:28 PM
 #3144

So  Back on the topic of Knc..   I know very wishful thinking but I wonder if Knc could shock the ASIC world and actually ship early   Ok, back to earth.. If they ship on time that would actually shock the ASIC world..

On another note I did Email Knc back when I ordered in the middle of June and ask how they communicate and keep their customers updated..  Especially since they dont have their own forum...  They told me they plan to add a forum to their web site...

This could be good or bad..

Good if they actually stay on time

Bad if they start delaying(Look at the BFL forums..  Which I already proudly got banned from)

 

pikeadz
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July 04, 2013, 01:49:14 PM
 #3145





Keep it going Josh .. I am sure you will continued your little ranting and bad mouth others Grin

What have you done to make others proud of you. ??

He placed that fine, earth-friendly and recyclable black spraypainted piece of cardboard into the minirig himself instead of that horrible tree-killing LCD screen they advertising, thereby saving .00000000001 earths.

http://buttcoin.org/butterfly-labs-mini-rig-is-a-huge-broken-unstable-piece-of-shit
Bitcoinorama
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July 04, 2013, 01:54:42 PM
 #3146

So  Back on the topic of Knc..   I know very wishful thinking but I wonder if Knc could shock the ASIC world and actually ship early   Ok, back to earth.. If they ship on time that would actually shock the ASIC world..

On another note I did Email Knc back when I ordered in the middle of June and ask how they communicate and keep their customers updated..  Especially since they dont have their own forum...  They told me they plan to add a forum to their web site...

This could be good or bad..

Good if they actually stay on time

Bad if they start delaying(Look at the BFL forums..  Which I already proudly got banned from)

 

I think with any company forum if you behave like a douche you'll get banned, or at least deserve to, but if you raise valid well articulated points and the company is under-performing you deserve to be heard.

That said this looks like an area that would require significant company time dedicated to the volume of public interest...

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July 04, 2013, 02:04:11 PM
 #3147

I think 90% of my posts on their raised valid concerns that questioned why what they were telling us did not match up with what was actually happening..  A few post I did probably get out of hand and I think they were just itching for an excuse to ban me...  I got a TON of "Likes" and "Thanks" from my post on their forum..  Its funny but even after being banned, I am still getting some "Likes" on my existing posts they did not delete or move..   It was also interesting to me that when they banned me, their web sit redirected to bitcoin talk..  

Oh well..  I have not lost any sleep over it and glad it looks like after filling claims on Paypal, they are refunding me for my 4 Pre orders...  Bye Bye BFL..

adrd
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July 04, 2013, 02:07:40 PM
 #3148

Do you have any informations on shippings that we get? Do we get insurance?
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July 04, 2013, 02:11:50 PM
 #3149

Unsubscribing from thread. Officially hyjacked.

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July 04, 2013, 02:13:07 PM
 #3150

Do you have any informations on shippings that we get? Do we get insurance?

If it's going by courier like DHL I would say so.

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nightengale
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July 04, 2013, 02:13:44 PM
 #3151

I know very wishful thinking but I wonder if Knc could shock the ASIC world and actually ship early

Under promise, over deliver?
Bitcoinorama
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July 04, 2013, 02:14:31 PM
 #3152

Unsubscribing from thread. Officially hyjacked.

Dude, we are in limbo currently...

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Flashman
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July 04, 2013, 02:24:48 PM
 #3153



Humor fail, or did the US finally finally finally actually find some WMDs in Iraq? Because otherwise, "Chemical Ali" was telling the truth.

(PS in order to maintain credibility don't trot out that yellow cake shit, that was known about and was under UN seal still.)

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elchorizo
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July 04, 2013, 03:46:29 PM
 #3154



Humor fail, or did the US finally finally finally actually find some WMDs in Iraq? Because otherwise, "Chemical Ali" was telling the truth.

(PS in order to maintain credibility don't trot out that yellow cake shit, that was known about and was under UN seal still.)

Flashman,

You must not remember when "Chemical Ali" also said that they weren't under attack, that they would repel the US forces and any hundreds of other comments that were blatantly false.

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Phoenix1969
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July 04, 2013, 04:09:39 PM
 #3155

Do you have any informations on shippings that we get? Do we get insurance?

If it's going by courier like DHL I would say so.
They are going to use UPS, and Insurance is provided, as long as the value is declared.(up to 50k?)


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FCTaiChi
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July 04, 2013, 04:16:23 PM
 #3156

Is October still a reasonable estimate for lead time on all KnCMiner products?

Mining Equipment Comparison Table                               Bitcoin News                             1nKAizrhGzvLfWBVfX8fGLAs6kxKV7aXM
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July 04, 2013, 05:25:53 PM
 #3157

Is October still a reasonable estimate for lead time on all KnCMiner products?
We have yet to hear otherwise


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Fiyasko
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July 04, 2013, 05:45:55 PM
 #3158

What precisely do you mean by lead time?

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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July 04, 2013, 07:21:09 PM
 #3159

Is the embedded linux device a raspberry pi?

Also, is it October now for shipping?  Or is that referring to Mercury and people who are placing orders now?
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July 04, 2013, 07:44:26 PM
 #3160

Is the embedded linux device a raspberry pi?

Also, is it October now for shipping?  Or is that referring to Mercury and people who are placing orders now?

No it's custom made by ORSoC, we were shown it at the open day. All have imbedded Linux. Mercury -> Jupiter are just modular ASiC quantiy difference.

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