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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3045502 times)
Phoenix1969
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March 30, 2014, 01:44:51 AM
Last edit: March 30, 2014, 02:01:14 AM by Phoenix1969
 #31521


Wow that's a great story. I hope the owner of bitcointalk.org bars Hashfast from attempting to sell/rip off anyone else from this site.
Self proclaimed... “industry leader in bitcoin mining technology”. It's Deja-Vu
I remember many people bailing on Jupiter orders for Baby Jets, and how long the arguments went on and on for weeks and weeks how HashFast was gonna smash KNC... and so was Cointerra. Meanwhile, BFL created a whole new category of company.
Is it outlandish to think Spooners will be are likely to be late?

at least HF is within US territory... allowing it to be stopped. I hope BFL is next.... They are overdue

BUT....  I don't see HOW they can "Freeze" a wallet without the api key.. anyone?
or even WITH the api key. The "freeze" function does not exist. they would have to transfer it to a state held wallet, no?


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jelin1984
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March 30, 2014, 01:55:16 AM
 #31522

I think that knc must said more for Neptune miner
And not only for  scrypt miner

Because now they want to sell the scrypt miners
dropt
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March 30, 2014, 02:09:23 AM
 #31523


Wow that's a great story. I hope the owner of bitcointalk.org bars Hashfast from attempting to sell/rip off anyone else from this site.
Self proclaimed... “industry leader in bitcoin mining technology”. It's Deja-Vu
I remember many people bailing on Jupiter orders for Baby Jets, and how long the arguments went on and on for weeks and weeks how HashFast was gonna smash KNC... and so was Cointerra. Meanwhile, BFL created a whole new category of company.
Is it outlandish to think Spooners will be are likely to be late?

at least HF is within US territory... allowing it to be stopped. I hope BFL is next.... They are overdue

BUT....  I don't see HOW they can "Freeze" a wallet without the api key.. anyone?
or even WITH the api key. The "freeze" function does not exist. they would have to transfer it to a state held wallet, no?


They don't need to revoke physical access to the key.   If coins move from the address, then it's contempt of court and possible fines plus jail time.  I imagine if they were stupid enough to do something like that then the court would start freezing bank accounts or tangible assets.
Phoenix1969
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March 30, 2014, 02:56:42 AM
 #31524


Wow that's a great story. I hope the owner of bitcointalk.org bars Hashfast from attempting to sell/rip off anyone else from this site.
Self proclaimed... “industry leader in bitcoin mining technology”. It's Deja-Vu
I remember many people bailing on Jupiter orders for Baby Jets, and how long the arguments went on and on for weeks and weeks how HashFast was gonna smash KNC... and so was Cointerra. Meanwhile, BFL created a whole new category of company.
Is it outlandish to think Spooners will be are likely to be late?

at least HF is within US territory... allowing it to be stopped. I hope BFL is next.... They are overdue

BUT....  I don't see HOW they can "Freeze" a wallet without the api key.. anyone?
or even WITH the api key. The "freeze" function does not exist. they would have to transfer it to a state held wallet, no?


They don't need to revoke physical access to the key.   If coins move from the address, then it's contempt of court and possible fines plus jail time.  I imagine if they were stupid enough to do something like that then the court would start freezing bank accounts or tangible assets.
ahh, sounds like a voluntary "house arrest" deal hehe.. makes sense tho.
I wonder now if this new prescience will spread to other states housing ASIC manufacturers.
My guess is that this may be "The beginning of the End" for preordered ASICS, which I wouldn't mind a bit.

*I bailed on my Neptune, waiting in the "Refund ready for process" mode...
I bumped one the other buyers order numbers up to the first spot, and refunded the one last in line, so he will get the first Neptune now... no sense in losing that spot.  ATM, a refund of 10,100 nets 21 Bitcoin, I like that idea, and am hoping the price stays low whilst waiting on the refund.  Wink


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Biodom
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March 30, 2014, 03:06:45 AM
 #31525


Wow that's a great story. I hope the owner of bitcointalk.org bars Hashfast from attempting to sell/rip off anyone else from this site.
Self proclaimed... “industry leader in bitcoin mining technology”. It's Deja-Vu
I remember many people bailing on Jupiter orders for Baby Jets, and how long the arguments went on and on for weeks and weeks how HashFast was gonna smash KNC... and so was Cointerra. Meanwhile, BFL created a whole new category of company.
Is it outlandish to think Spooners will be are likely to be late?

at least HF is within US territory... allowing it to be stopped. I hope BFL is next.... They are overdue

BUT....  I don't see HOW they can "Freeze" a wallet without the api key.. anyone?
or even WITH the api key. The "freeze" function does not exist. they would have to transfer it to a state held wallet, no?


They don't need to revoke physical access to the key.   If coins move from the address, then it's contempt of court and possible fines plus jail time.  I imagine if they were stupid enough to do something like that then the court would start freezing bank accounts or tangible assets.
ahh, sounds like a voluntary "house arrest" deal hehe.. makes sense tho.
I wonder now if this new prescience will spread to other states housing ASIC manufacturers.
My guess is that this may be "The beginning of the End" for preordered ASICS, which I wouldn't mind a bit.

I hate to say that, but you can buy 1TH right now with 4-5 days delivery (5 ants with medium over clock) for $2200, or $2400 without overclock. In lieu of plunging bitcoin prices, it might or might not be a good purchase, I am just showing an example of a price war. With low bitcoin price high priced miners with multi month preorder are in trouble.
Phoenix1969
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March 30, 2014, 03:18:20 AM
 #31526


Wow that's a great story. I hope the owner of bitcointalk.org bars Hashfast from attempting to sell/rip off anyone else from this site.
Self proclaimed... “industry leader in bitcoin mining technology”. It's Deja-Vu
I remember many people bailing on Jupiter orders for Baby Jets, and how long the arguments went on and on for weeks and weeks how HashFast was gonna smash KNC... and so was Cointerra. Meanwhile, BFL created a whole new category of company.
Is it outlandish to think Spooners will be are likely to be late?

at least HF is within US territory... allowing it to be stopped. I hope BFL is next.... They are overdue

BUT....  I don't see HOW they can "Freeze" a wallet without the api key.. anyone?
or even WITH the api key. The "freeze" function does not exist. they would have to transfer it to a state held wallet, no?


They don't need to revoke physical access to the key.   If coins move from the address, then it's contempt of court and possible fines plus jail time.  I imagine if they were stupid enough to do something like that then the court would start freezing bank accounts or tangible assets.
ahh, sounds like a voluntary "house arrest" deal hehe.. makes sense tho.
I wonder now if this new prescience will spread to other states housing ASIC manufacturers.
My guess is that this may be "The beginning of the End" for preordered ASICS, which I wouldn't mind a bit.

I hate to say that, but you can buy 1TH right now with 4-5 days delivery (5 ants with medium over clock) for $2200, or $2400 without overclock. In lieu of plunging bitcoin prices, it might or might not be a good purchase, I am just showing an example of a price war. With low bitcoin price high priced miners with multi month preorder are in trouble.
Shizzle! That's over 4Th/s for 10k shipped now...   I hope KNC has a Neptune update soon, or there may be a 3rd wave of refunds, lol


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March 30, 2014, 03:20:11 AM
 #31527

I think that knc must said more for Neptune miner
And not only for  scrypt miner

Because now they want to sell the scrypt miners

They want people's cold, hard cash to finance their datorhalls. They're not interested in actually producing equipment for people anymore since it creates direct competition for them. Titans are non-refundable, so you will never see your money again no matter how late they are. If you really want a scrypt asic miner then I would hedge a bet on aplha -t
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March 30, 2014, 04:23:33 AM
 #31528

are u gonna repeatedly smear us all with your excrement xstr8guy?

how about starting your own thread?



Such a lovely way with words you have.

My post was completely appropriate to the quoted comments.  But I'll delete the 'sig' reference if that makes it better.
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March 30, 2014, 06:45:36 AM
 #31529



I hate to say that, but you can buy 1TH right now with 4-5 days delivery (5 ants with medium over clock) for $2200, or $2400 without overclock. In lieu of plunging bitcoin prices, it might or might not be a good purchase, I am just showing an example of a price war. With low bitcoin price high priced miners with multi month preorder are in trouble.
Shizzle! That's over 4Th/s for 10k shipped now...   I hope KNC has a Neptune update soon, or there may be a 3rd wave of refunds, lol


Or you could buy 3THs of immediate cloudmining from PBMining for a 5 year contract and pay about $11,000.  And you don't pay for electricity or maintenance fees.  Another awesome bonus... no noise and heat!




I don't understand - 4Thps for $10000 vs 3 Thps for $11000 ? How much do you think electricity costs will be?

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March 30, 2014, 06:49:46 AM
 #31530



I hate to say that, but you can buy 1TH right now with 4-5 days delivery (5 ants with medium over clock) for $2200, or $2400 without overclock. In lieu of plunging bitcoin prices, it might or might not be a good purchase, I am just showing an example of a price war. With low bitcoin price high priced miners with multi month preorder are in trouble.
Shizzle! That's over 4Th/s for 10k shipped now...   I hope KNC has a Neptune update soon, or there may be a 3rd wave of refunds, lol


Or you could buy 3THs of immediate cloudmining from PBMining for a 5 year contract and pay about $11,000.  And you don't pay for electricity or maintenance fees.  Another awesome bonus... no noise and heat!




I don't understand - 4Thps for $10000 vs 3 Thps for $11000 ? How much do you think electricity costs will be?

totally outrageous, of course


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xstr8guy
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March 30, 2014, 07:11:53 AM
 #31531



I hate to say that, but you can buy 1TH right now with 4-5 days delivery (5 ants with medium over clock) for $2200, or $2400 without overclock. In lieu of plunging bitcoin prices, it might or might not be a good purchase, I am just showing an example of a price war. With low bitcoin price high priced miners with multi month preorder are in trouble.
Shizzle! That's over 4Th/s for 10k shipped now...   I hope KNC has a Neptune update soon, or there may be a 3rd wave of refunds, lol


Or you could buy 3THs of immediate cloudmining from PBMining for a 5 year contract and pay about $11,000.  And you don't pay for electricity or maintenance fees.  Another awesome bonus... no noise and heat!




I don't understand - 4Thps for $10000 vs 3 Thps for $11000 ? How much do you think electricity costs will be?


I don't know about everyone else but I've reached the limit of what my house can hold, physically and electrically.  I also happen to live in a desert environment and it's starting to get pretty warm during the day.

So it's time to rid myself of my first gen gear to make room for the newer miners arriving soon.  But then, I'm back at (or above) my max capacity.  And with cloudmining suddenly becoming competetive with hardware sales, it couldn't come at a better time for me.
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March 30, 2014, 07:31:00 AM
 #31532

Holy crap everywhere I see your name pop up it's come check out pbmining ... Might finally have to open the doors to Meth Lab Mining if people want their TH/s now.  Just need to find a person who wants to post in every thread on bitcointalk and offer them a discount.  LOL!
xstr8guy
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March 30, 2014, 07:39:03 AM
 #31533

Holy crap everywhere I see your name pop up it's come check out pbmining ... Might finally have to open the doors to Meth Lab Mining if people want their TH/s now.  Just need to find a person who wants to post in every thread on bitcointalk and offer them a discount.  LOL!

Just trying to spread the word.   Smiley

Sorry if I've come off a little too evangelical.
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March 30, 2014, 07:46:00 AM
 #31534

BTW...
We all have been over the mining taxation......  straight income tax tallied daily on BTC price sounds scary to me.
Digging into the tax code... looks like capitol gains(as in buy & hold BTC) is much easier to swallow than income tax(Mining)
As a result, there will surely be less American miners soon, and pushed more towards the corporate, large farm level....uuuggh
http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States
Time to move to Denmark.    http://www.coindesk.com/denmark-declares-bitcoin-trades-tax-free/


There are no economic reasons for sole individuals to mine in US anymore. Straight buying and holding for more than 12 mo or longer is the most beneficial.
The rule clearly favors accumulation vs usage, hence the utility of bitcoin in transactions will be probably minimized, unless it is revised later on.
Mining as a hobby for a couple of coins can still go on unimpeded.

imho if this effects BTC for use as a currency .ie a 2009 coin at 2c has capital gains on it when you spend it vs a coin made today has none if you spend it right away before a change in worth" if that stays the same...no reason to have bitcoin as 'property" or a value base ..if you can't use it for transactions that are this cumbersome ..thus price of btc because of no reason to speculate or hoard it again cumbersome tax laws.....well down she goes the bitcoin ship that is so...is that too dire an option to consider?

or is that what the powers that be in the usa want? you could not have muddied the waters on mining and such if you tried imho


Searing


Did anyone pick up an Alpha technology order yesterday?

thought about it...but they say the alpha will be expandable so...even less reason

they have no track record..i'm cutting them a break cause i think they are legit..but man are they green

2200 buck investment what the heck something to do

Er and if the Titan at 250mh comes out in July (in what i've heard knc is shooting for ..ie they say Q2/Q3 (Q3 end of august)...and www.alpha-t.net saying
also JULY..well.....the Titan is gonna blow the doors off..you likely will still make ROI on the alpha...( i assume a lot of GPU's will fall off the grid etc) but that
will be very interesting this july 2014.


Searing



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March 30, 2014, 09:52:20 AM
 #31535

Holy crap everywhere I see your name pop up it's come check out pbmining ... Might finally have to open the doors to Meth Lab Mining if people want their TH/s now.  Just need to find a person who wants to post in every thread on bitcointalk and offer them a discount.  LOL!

Just trying to spread the word.   Smiley

Sorry if I've come off a little too evangelical.

cloud mining is the dumbest shit ever.  sorry if I come off a little too blunt

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March 30, 2014, 10:19:54 AM
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I don't understand - 4Thps for $10000 vs 3 Thps for $11000 ? How much do you think electricity costs will be?


I don't know about everyone else but I've reached the limit of what my house can hold, physically and electrically.  I also happen to live in a desert environment and it's starting to get pretty warm during the day.

So it's time to rid myself of my first gen gear to make room for the newer miners arriving soon.  But then, I'm back at (or above) my max capacity.  And with cloudmining suddenly becoming competetive with hardware sales, it couldn't come at a better time for me.

Think about it, 3TH for $11,000 for 5 years = 3kw * 24hr * 365 days * 5 years * 10-cent kWh = $13,140 for electricity alone = -$2,140 (loss) for PBMining?  That's not even considering the cost of Bitcoin hardware? (Wait, where did they find the money to pay for the 3TH miner if they can't even pay for electricity?)  Where is money to pay for A/C cooling (unless they are in the Arctic Circle), data center cost (or at least renting out a space), Internet, power redundancy for a large operations, administration...  Where is any evident of their rapidly growing mining operations?  Have they provide proof that they are paying people from freshly minted bitcoins and not simply transferring from new investment from new victims?   Looks and smells  like a classic ponzi to me.  You might eventually get out with your original money or even make a little bit if you are one of the first victims, but you know what happen to all ponzi eventually once they can't keep the growth rate up...

Check out the PBMining thread: https://bitcointalk.org/index.php?topic=484355.100


You're the third (i think) person to make their first post in this thread in defence of PBMining.

https://bitcointalk.org/index.php?all=;topic=100696.0

Ponzi Indicators
1. High rate of return - Tick for PBMining
2.  Provides no evidence of business activity - Tick for PBMining
3. Business activity is "speculation" - no
4. Steady rates of return - PBmining pays the theoretical rate per gh
5. Increasing demand for capital - MAJOR tick, jumped from 14th to 64 in weeks....

Unlike a regular business which has its largest demand for capital at the start, the ponzi starts off with a very small amount of capital ("refuses" deposits), and then grows rapidly.  An increasing demand for capital makes sense only if the business can show what the money is being used for.  A ponzi will need to have its capital grow at a standard rate that exceeds the withdrawals, whereas a legitimate business will have a varying rate of investment.

6. Operator hides their identity - Big tick for PBmining (I have found out who they are)
7. A Super Majority of Non-Investors view it as a Ponzi - Not sure, but certainly many people think so.
8. They advertise a "Limited Availability" tick for pbmining

I'd add 9  - offer referrals to bring in new business - and 10 - use shill accounts to pump their scheme.

They tick 6 or 7 out of 8 for the "how to spot a ponzi" thread list, and 8 or 9 out of 10 if you add my two to the list.




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March 30, 2014, 10:30:14 AM
 #31537

has someone figures about max. chip temperature of Jupiter October and November batch. did Jupiters died because of to high chip temperature?

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March 30, 2014, 12:35:08 PM
Last edit: March 30, 2014, 02:44:52 PM by organofcorti
 #31538


I don't understand - 4Thps for $10000 vs 3 Thps for $11000 ? How much do you think electricity costs will be?


Think about it, 3TH for $11,000 for 5 years = 3kw * 24hr * 365 days * 5 years * 10-cent kWh = $13,140 for electricity alone = -$2,140 (loss) for PBMining?  

<snip>




Yes, loss. If difficulty continues to increase by 20% per retarget, then after 6 months it will earn about 5% of what it was earning. After a year, it will earn about 0.2% of what it did on it's first day.

So you have 5 years of not paying electricity. For 4 of those you wont be earning anything significant anyway.





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Flashman
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March 30, 2014, 01:28:48 PM
 #31539

So you have 5 years of not paying electricity. For 4 of those you wont be earning anything significant anyway.

Whereas with hardware in hand you'd be delighted to pay more in electricity than it was making for those 4 years? Don't bother with the "resale" argument, what's a $5000 batch 3 avalon realistically worth to a non-n00b these days, 1 year after introduction, $250? that's 95% depreciation in a year.

Anyway, there's arguments in favor of hardware in hand, and there's arguments in favor of reasonably priced mining by the gighash, and I looked into this sector and determined that pbmining would appear to be the best deal in this space at the moment. Like it or not, mining seems to be headed towards doing things in bulk quantities, "retail" pricing on power and hardware is looking barely breakeven.


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March 30, 2014, 01:42:16 PM
 #31540

So you have 5 years of not paying electricity. For 4 of those you wont be earning anything significant anyway.

Whereas with hardware in hand you'd be delighted to pay more in electricity than it was making for those 4 years? Don't bother with the "resale" argument, what's a $5000 batch 3 avalon realistically worth to a non-n00b these days, 1 year after introduction, $250? that's 95% depreciation in a year.

Anyway, there's arguments in favor of hardware in hand, and there's arguments in favor of reasonably priced mining by the gighash, and I looked into this sector and determined that pbmining would appear to be the best deal in this space at the moment. Like it or not, mining seems to be headed towards doing things in bulk quantities, "retail" pricing on power and hardware is looking barely breakeven.



i agree. miner hardware manufacturers aren't making rigs 'at-home' friendly - the target market is big buyers, and if they make a few small sales along the way, then all the better for them. I couldn't host a spondoolian-thingy-ma-bob at home, for example, they are just too damn loud.

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