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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012418 times)
smoothrunnings
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March 28, 2014, 02:47:44 AM
 #31441

KnC flood the market everyday with 400000 dollar worth of BTC from their mining operation.
At this moment they get less than 400000 dollar, BTC price dropped.
Taiwan Semicondutor Manufaturing Company and other companies who sell parts to them only accept dollars.
Those bastards keep expanding their farm.


You know if this was the case then why am I not seeing any bitcoins in the masses going into Sweden on Fiatleak.com? Bitcoins are however flying into China as I type this. If they are farming TONS of bitcoins we would see it!



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PikcioChain ICO Starts on 24th of November


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March 28, 2014, 02:50:21 AM
 #31442

Can someone shoot this and destroy their farm.
http://www.youtube.com/watch?v=ok_E0om2LOw


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faetos
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March 28, 2014, 02:58:02 AM
 #31443

Can someone shoot this and destroy their farm.
http://www.youtube.com/watch?v=ok_E0om2LOw

I wonder if Best Korea has anything good? Do they take btc?
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March 28, 2014, 03:05:37 AM
 #31444

KnC flood the market everyday with 400000 dollar worth of BTC from their mining operation.
At this moment they get less than 400000 dollar, BTC price dropped.
Taiwan Semicondutor Manufaturing Company and other companies who sell parts to them only accept dollars.
Those bastards keep expanding their farm.


You know if this was the case then why am I not seeing any bitcoins in the masses going into Sweden on Fiatleak.com? Bitcoins are however flying into China as I type this. If they are farming TONS of bitcoins we would see it!





KnC is not buying BTC, they are selling BTC.
http://www.di.se/artiklar/2014/3/20/drar-in-en-halv-miljard-pa-bitcoin/
You trust fiatleaks.com?
How naive, I can make the same website with BTC flowing into The Netherlands.


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RenHoek
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March 28, 2014, 03:08:16 AM
 #31445

8K$ for 2.8-3TH/s in May, contact regarding VAT
(12K$ for 5.4TH in August)

8K$ for 2.8-3TH/s in May, contact regarding VAT

this is old Equipment, to much power consumtion.  dosn't roi for me. electric power is to expensiv in Germany and many other european countrys.

this is why i wait a view more days  for knc , bevor i refund.

when there were other intresting offers, i would refund asap.


u are to late for this Prices and maybe for the whole game.

u can sell a view pices, but i think, not so much, as u wish.


and the mining game for private users will end in this year, thanks to knc and other greedy cumbags.

they have taken our mony and  make it x100 for them, for us there is nothing more to get.


GAME OVER

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March 28, 2014, 06:30:23 AM
 #31446

KnC flood the market everyday with 400000 dollar worth of BTC from their mining operation.
At this moment they get less than 400000 dollar, BTC price dropped.
Taiwan Semicondutor Manufaturing Company and other companies who sell parts to them only accept dollars.
Those bastards keep expanding their farm.


They're killing bitcoin. They need to be shut down.

has this only just been realised? when I first mentioned that these farms would kill the price, i was shot down in flames.
Why on earth would any mass bitcoin mining operation do what they are doing? for the good of the network? to sit like a fat bastard dragon guarding it's gold?

remember - stocktraders are stocktraders and bitcoin miners are bitcoin miners, and never the twain shall meet.

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March 28, 2014, 08:43:42 AM
 #31447

anyone still holding the first customer batch neptune order?

I'm still long on Neptune CA!

My Saturns paid for Neptune CA.
If I never plug it in I'm still ahead Smiley

YMMV
Smiley


well my last Neptune is gone I'm out on this (Neptune CA) version

with price/difficulty...mining hassles in USA now (if you mine you have to keep track of the bitcoin you mine and the price that day..ie all bitcoin will be treated as property. anything you mine is day to day "income" (ie like you'd make as a worker at  your job subject to 25% in my case federal and state taxes) ..so a bitcoin mined in dec of 2013 at 900 bucks vs 500 bucks now you use that btc to buy a 900 buck TV you owe 400 bucks as capital gains income..needless to say if this sticks btc will be dead in the states..ie would be like trading property for  a coffee etc one day it is 1.00 next day it is a 1.55...madness..my hopeful view is this will be just the 20% capital gains but by the time it gets thru regulatory process i figure won't know for sure till around august ....gonna suck and keep price down imho...everyone is simply gonna say at best they "bought the bitcoin at a street corner for such and such last week) and/or simply go underground with trades.....but man the price imho is gonna be weaker in next 2 months imho

hopefully this will all get figured out tweaked but if i have to pay "as income" what i mine and then 20% capital gains tax when i sell the coin..why mine ..just buy the coin at a set price to keep track of date/price then ....pay the 20% capital gains tax at end of the year...although i can run this and hopefully have miners elec and such as business expense..this prob won't effect big mining farms from what i understand they cash out in $$$ and do their gambling vs risk on btc holdings after the fact ..also easier accounting then .0000393939.for us small fry..oh and this tax info by IRS is for ALL THE BITCOIN EVER MINED IN THE STATES. or I should say if you are a USA citizen ...ie you mined a 2009 coin for .02c and it is now worth 600 bucks you 'owe' the IRS 599.88 cents on that purchase of a 600 buck TV last week with 'that' coin....in 'capital gains income" ..it is retroactive...and of course completely unenforceable...but so logically i expect change but not till the summer....so again why mine..just buy BTC at such and such a date and pay the 20% capital gains on that amount when/if you sell it? So IRS declares bitcoin as 'property' anyway I'm out for a bit gonna sit on the sidelines ..i expect 300 coin here at best with this and china bank ban at least for the next couple months flat imho or btc goes down another 1/3....

we will see

sorry digressed but I'm out no Neptune for me (maybe next fall I'll catch the next knc pre-order bus)

if i am wrong on the above I'll pick up some 1TH miners late spring or summer they should be common as dirt and much cheaper..dork with them...

again wonder what all these big farms that are built/committed are gonna do to coin price and difficulty in the next 2-3 months will likely to be ugly imho

just think about BFL as an example having to go back and find out how much $$$ they made on the date they made it for each coin they made (like buying a stock or property) then pay the taxes on that under 'gross income' then the 20% capital gains tax when they sell the coin...

will be interesting much yelling and waving of arms shall insue

Searing


Searing


anyway....gonna just sit on BTC a bit ..it is too weird here as a miner so your welcome to those who i pop'd up a place in line on the CA batch neptune gue

anyway my bet (difficulty vs $$$ vs competing against knc's farm and delivery etc)

Searing

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The Avenger
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March 28, 2014, 09:19:36 AM
 #31448

Can someone shoot this and destroy their farm.
http://www.youtube.com/watch?v=ok_E0om2LOw

I wonder if Best Korea has anything good? Do they take btc?
spongebob-tech probably make missiles when they aren't working on mining devices.

Can we get a pre-order on helicopter hangar piercing ballistic missiles? I'm down for two.

 Wink

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smoothrunnings
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March 28, 2014, 09:35:38 AM
 #31449

KnC flood the market everyday with 400000 dollar worth of BTC from their mining operation.
At this moment they get less than 400000 dollar, BTC price dropped.
Taiwan Semicondutor Manufaturing Company and other companies who sell parts to them only accept dollars.
Those bastards keep expanding their farm.


You know if this was the case then why am I not seeing any bitcoins in the masses going into Sweden on Fiatleak.com? Bitcoins are however flying into China as I type this. If they are farming TONS of bitcoins we would see it!





KnC is not buying BTC, they are selling BTC.
http://www.di.se/artiklar/2014/3/20/drar-in-en-halv-miljard-pa-bitcoin/
You trust fiatleaks.com?
How naive, I can make the same website with BTC flowing into The Netherlands.

Even still if they are selling we would see the transactions of the mass sell off on fiatleaks which I don't see. Last night at the there was about 30,000 BTC's that went to China, that's not massive enough. 
Go ahead lets see you make one if you think it's so easy to do! Smiley
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March 28, 2014, 09:43:09 AM
 #31450

anyone still holding the first customer batch neptune order?

I'm still long on Neptune CA!

My Saturns paid for Neptune CA.
If I never plug it in I'm still ahead Smiley

YMMV
Smiley

well my last Neptune is gone I'm out on this (Neptune CA) version


That's just silly. There are other currencies out there that you can easily mine with any rig right now and make a healthy return then you can either turn into the dying USD or covert them into Bitcoins. Bitcoin isn't the only crypto that works with ASIC hardware. Smiley

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March 28, 2014, 09:51:33 AM
 #31451



How naive

Even still if they are selling we would see the transactions of the mass sell off on fiatleaks which I don't see. Last night at the there was about 30,000 BTC's that went to China, that's not massive enough.  


Each trade results in a Bitcoin being sent from the currency counter in red to the country on the map

you do know that china has exchanges that have 0% trade fees and flip coins around like a tornado...   fiatleaks is just a parlor trick

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March 28, 2014, 09:59:32 AM
 #31452

For the last time:
 The operational ROI aspects involved with large scale consumer mining is out of our expertise your mind crazy.

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March 28, 2014, 10:10:23 AM
 #31453

why no news from nepture?
The Avenger
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March 28, 2014, 10:11:12 AM
 #31454

For the last time:
 The operational ROI aspects involved with large scale consumer mining is out of our expertise your mind crazy.
They also didn't answer my question about whether their VC's are getting a few hundred/thousand units to set up a private farm. Who, with cheap access to hardware, wouldn't?

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It was fun while it lasted


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March 28, 2014, 10:15:26 AM
 #31455

They also didn't answer my question about whether their VC's are getting a few hundred/thousand units to set up a private farm. Who, with cheap access to hardware, wouldn't?
No private farm

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
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March 28, 2014, 10:22:00 AM
 #31456

I have a second batch order.... Your opinion... Have I to request a refund ? Smiley

Taped Out in March: https://www.kncminer.com/news/news-78
TSMC 20nm cycle time (masks creation) is 4-5 months. Samples in July / August. Miners probably in August / September


Spondoolies-Tech, I'll suggest again to you, that, as an official representative of a commercial competitor you would be better served staying in your own thread and conducting yourselves more professionally. You are not doing yourselves any favours with this line of attack.

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It was fun while it lasted


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March 28, 2014, 10:24:02 AM
 #31457

Spondoolies-Tech, I'll suggest again to you, that, as an official representative of a commercial competitor you would be better served staying in your own thread and conducting yourselves more professionally. You are not doing yourselves any favours with this line of attack.
I'm not hiding the fact that I'm competition. I'm sharing well known data in the industry.

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
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gotta let a coin be a coin


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March 28, 2014, 10:25:13 AM
 #31458

I have a second batch order.... Your opinion... Have I to request a refund ? Smiley

Taped Out in March: https://www.kncminer.com/news/news-78
TSMC 20nm cycle time (masks creation) is 4-5 months. Samples in July / August. Miners probably in August / September


Spondoolies-Tech, I'll suggest again to you, that, as an official representative of a commercial competitor you would be better served staying in your own thread and conducting yourselves more professionally. You are not doing yourselves any favours with this line of attack.

Yeah, this is our corner to troll on.
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March 28, 2014, 10:33:10 AM
 #31459

They also didn't answer my question about whether their VC's are getting a few hundred/thousand units to set up a private farm. Who, with cheap access to hardware, wouldn't?
No private farm
It's hard to be anything but cynical, as every big asic manufacturer has screwed us over.

And it's hard to swallow that someone put up money for you to develop a product, but isn't hoping to benefit from that themselves, other than sales.

But thanks for the answer - you have my (cynical) benefit of the doubt (for now).

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March 28, 2014, 12:13:18 PM
 #31460

August / September deliveries for Batch 2 @ $10k means I should probably ask for a refund, huh ? Sad I'll be able to pick up 3TH for < $9k next month...
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