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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3045502 times)
raskul
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April 06, 2014, 07:26:53 AM
 #31901

"When we receive the chips" and "Shipping Q1/Q2" seem to be two totally different timelines.

work on full mask of a 20nm chip is at least 130 days, as I have previously stated, so why can't Kurt allow us some more transparency on the schedule?
IF; KnC were "On Schedule" why does the 'on schedule' that we have been informed differ so much from the 'on schedule' that they clearly know about.

demand Plan B, demand it now.

They are making half a million dollars a day self mining their DC - they aren't going to give that away to customers they don't give a crap about just because the customers they don't give a crap about demand it Grin As I've said many times before, knc have nothing but contempt for their customers. They just see them as annoying idiots/imbeciles with wallets to take advantage of. We'll see this play out again for sure.

it's ludicrous. announcing a safety net option, then letting you hang just long enough till the netting rots that when you do fall, you go crashing to the floor in a great big thump of negative ROI. Even if the Neptune is 5TH, it's going to be so close to rollout of 16nm (171 days mask time) rigs that it's only going to viable for a very short space of time, and will never return what it cost. I'd love to be wrong but it's not looking good, not looking good whatsoever.
As the poster above, i want you to be profitable and by the best will in the world, I wish you all the luck possible.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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April 06, 2014, 10:38:30 AM
 #31902

Anyone received a btc refund?
There are no BTC refunds ... you get the USD's back you paid (or exchanged your BTC's for on the fly)

I got BTC refund for all the orders I paid in BTC.

was this recently?

Around a month ago.
interesting ... I actually want fiat instead of btc ... this way have a nearly 100 % win without mining a single second on my (canceled) neptune.

  one4many
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April 06, 2014, 01:40:12 PM
 #31903

"When we receive the chips" and "Shipping Q1/Q2" seem to be two totally different timelines.

work on full mask of a 20nm chip is at least 130 days, as I have previously stated, so why can't Kurt allow us some more transparency on the schedule?
IF; KnC were "On Schedule" why does the 'on schedule' that we have been informed differ so much from the 'on schedule' that they clearly know about.

demand Plan B, demand it now.

They are making half a million dollars a day self mining their DC - they aren't going to give that away to customers they don't give a crap about just because the customers they don't give a crap about demand it Grin As I've said many times before, knc have nothing but contempt for their customers. They just see them as annoying idiots/imbeciles with wallets to take advantage of. We'll see this play out again for sure.

it's ludicrous. announcing a safety net option, then letting you hang just long enough till the netting rots that when you do fall, you go crashing to the floor in a great big thump of negative ROI. Even if the Neptune is 5TH, it's going to be so close to rollout of 16nm (171 days mask time) rigs that it's only going to viable for a very short space of time, and will never return what it cost. I'd love to be wrong but it's not looking good, not looking good whatsoever.
As the poster above, i want you to be profitable and by the best will in the world, I wish you all the luck possible.

As you, I also wish all who have held their orders to make as mush profit as possible. For you I hope the price of BTC skyrockets as I think that will be the only way to make it. I have been mining with my jupiter/ant farm at 2.6TH/s and at this point I am scratching out about .2 BTC a day. Its not really looking good for me anymore. Watch the goods for sale or the auction section. I will have Jupiters over there soon. Scratch the .2, Last 24 hours .15.. Yes the luck on the guild has been sucking.

Man, I wish I could change my avatar!
raskul
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April 06, 2014, 01:48:48 PM
 #31904

"When we receive the chips" and "Shipping Q1/Q2" seem to be two totally different timelines.

work on full mask of a 20nm chip is at least 130 days, as I have previously stated, so why can't Kurt allow us some more transparency on the schedule?
IF; KnC were "On Schedule" why does the 'on schedule' that we have been informed differ so much from the 'on schedule' that they clearly know about.

demand Plan B, demand it now.

They are making half a million dollars a day self mining their DC - they aren't going to give that away to customers they don't give a crap about just because the customers they don't give a crap about demand it Grin As I've said many times before, knc have nothing but contempt for their customers. They just see them as annoying idiots/imbeciles with wallets to take advantage of. We'll see this play out again for sure.

it's ludicrous. announcing a safety net option, then letting you hang just long enough till the netting rots that when you do fall, you go crashing to the floor in a great big thump of negative ROI. Even if the Neptune is 5TH, it's going to be so close to rollout of 16nm (171 days mask time) rigs that it's only going to viable for a very short space of time, and will never return what it cost. I'd love to be wrong but it's not looking good, not looking good whatsoever.
As the poster above, i want you to be profitable and by the best will in the world, I wish you all the luck possible.

As you, I also wish all who have held their orders to make as mush profit as possible. For you I hope the price of BTC skyrockets as I think that will be the only way to make it. I have been mining with my jupiter/ant farm at 2.6TH/s and at this point I am scratching out about .2 BTC a day. Its not really looking good for me anymore. Watch the goods for sale or the auction section. I will have Jupiters over there soon. Scratch the .2, Last 24 hours .15.. Yes the luck on the guild has been sucking.
http://s6.postimg.org/4hmxf3gcx/2_6.jpg

have you tried a DGM pool? I am also currently a smaller miner and I find a do a lot better on DGM than on any other pool. Currently mining at Ozco.in.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
raskul
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April 06, 2014, 04:07:56 PM
 #31905

13%???!  Angry
http://organofcorti.blogspot.co.il/2014/04/april-6th-2014-weekly-hashrate.html

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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April 06, 2014, 04:39:39 PM
 #31906


What did you expect from a 10MW DC? It seems that it's only half deployed(my own estimate was 8PH, but if they downclock the Jupiters they might squeeze more) so it will grow bigger. Don't wet yourself.

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April 06, 2014, 04:42:22 PM
 #31907

"When we receive the chips" and "Shipping Q1/Q2" seem to be two totally different timelines.

work on full mask of a 20nm chip is at least 130 days, as I have previously stated, so why can't Kurt allow us some more transparency on the schedule?
IF; KnC were "On Schedule" why does the 'on schedule' that we have been informed differ so much from the 'on schedule' that they clearly know about.

demand Plan B, demand it now.

They are making half a million dollars a day self mining their DC - they aren't going to give that away to customers they don't give a crap about just because the customers they don't give a crap about demand it Grin As I've said many times before, knc have nothing but contempt for their customers. They just see them as annoying idiots/imbeciles with wallets to take advantage of. We'll see this play out again for sure.

it's ludicrous. announcing a safety net option, then letting you hang just long enough till the netting rots that when you do fall, you go crashing to the floor in a great big thump of negative ROI. Even if the Neptune is 5TH, it's going to be so close to rollout of 16nm (171 days mask time) rigs that it's only going to viable for a very short space of time, and will never return what it cost. I'd love to be wrong but it's not looking good, not looking good whatsoever.
As the poster above, i want you to be profitable and by the best will in the world, I wish you all the luck possible.
You do realize mask is before tapeout, right?

Youre probably right about that tho.... it makes your timeline even more plausible.  
I did read tho, that TSMC didn't expect 16nm to be ready before Jan even tho the first 16nm's have been taped-out already.


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raskul
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April 06, 2014, 04:47:26 PM
 #31908

"When we receive the chips" and "Shipping Q1/Q2" seem to be two totally different timelines.

work on full mask of a 20nm chip is at least 130 days, as I have previously stated, so why can't Kurt allow us some more transparency on the schedule?
IF; KnC were "On Schedule" why does the 'on schedule' that we have been informed differ so much from the 'on schedule' that they clearly know about.

demand Plan B, demand it now.

They are making half a million dollars a day self mining their DC - they aren't going to give that away to customers they don't give a crap about just because the customers they don't give a crap about demand it Grin As I've said many times before, knc have nothing but contempt for their customers. They just see them as annoying idiots/imbeciles with wallets to take advantage of. We'll see this play out again for sure.

it's ludicrous. announcing a safety net option, then letting you hang just long enough till the netting rots that when you do fall, you go crashing to the floor in a great big thump of negative ROI. Even if the Neptune is 5TH, it's going to be so close to rollout of 16nm (171 days mask time) rigs that it's only going to viable for a very short space of time, and will never return what it cost. I'd love to be wrong but it's not looking good, not looking good whatsoever.
As the poster above, i want you to be profitable and by the best will in the world, I wish you all the luck possible.
You do realize mask is before tapeout, right?

Youre probably right about that tho

Tapeout...
"the design phase is completed and you are ready to send out the GDSII to the fab for production."
http://anysilicon.com/understanding-maskset-type-mpw-mlm-mlr-single-maskset/

yes. i'll be keen to see a working protoype of a Neptune at the end of March then. - oh, what you mean, it's April already? my bad.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
pedrosoft
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April 06, 2014, 05:42:44 PM
 #31909

Hi, please could you tell me how many days from "refund ready for process" to "refunded" ?
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April 06, 2014, 06:29:40 PM
Last edit: April 06, 2014, 06:41:32 PM by Phoenix1969
 #31910

Hi, please could you tell me how many days from "refund ready for process" to "refunded" ?
I think they do it once a week maybe...  it varies.
I think my last one happened on a wednesday



Awww, rascal, I'm just sayin' it's not as far away as you might think.
They sent to fab at tapeout, so mask is done, that's all

there is no cut -in - stone timetable for 20nm, because its new


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April 06, 2014, 06:44:57 PM
 #31911

Is there any word on whether or not the hashrate will be greater than 3TH and what the wattage might end up being? Its seeming like a fiat refund might be the best way to go unless the hashrate specs get bumped way up and wattage goes down.

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April 06, 2014, 06:49:17 PM
 #31912

Hi, please could you tell me how many days from "refund ready for process" to "refunded" ?
I think they do it once a week maybe...  it varies.
I think my last one happened on a wednesday



Awww, rascal, I'm just sayin' it's not as far away as you might think.
They sent to fab at tapeout, so mask is done, that's all

there is no cut -in - stone timetable for 20nm, because its new

thanks Smiley
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April 06, 2014, 06:57:02 PM
 #31913


The other interesting info from this:

"Bitcoin will by charging their customers a transaction fee of 0.02% passing through the nodes of Constance and through that to ensure one million investment in women's handball in Boden."

So not only the regular bitcoin transaction fee, knc are going to be scalping 0.02% off every transaction that goes through their KNCWallet (now you know what it's for).

So when they say they are offering free 6 month cloud hashing, it's also a lie, as they'll be scalping 0.02% fees off every payout.

And everyone thought I was nuts when I said the only reason why KNC wants their own wallet program is so they can fill their own pockets. People thought I was dreaming. The post history is there, I'm just too lazy to look for it.

Need help with your Newznab usenet indexer? http://www.newznabforums.com
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April 06, 2014, 07:16:04 PM
 #31914

Even Scrypt mining will only be for the super rich.  Those Titan's don't make sense.  I even calculated 10 + 1 free.  You could buy so much more LTC at these $10 prices for $100K than what the Titan's would mine.

I think KnC is once again being secretive on the total sold.  And they currently have no limit on the amount people want to order.

Scrypt mining won't be like those wonderful early days of BTC mining.  It won't even be like the 2012 FPGA era.  There are too many rich assholes out there building giant farms the size of buzzdave's and it just keeps growing.

But if you buy LTC direct now it would be like buying in during the 2011 BTC era.
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April 06, 2014, 07:20:55 PM
Last edit: April 06, 2014, 08:26:25 PM by Phoenix1969
 #31915

I wondered about the KNC wallet(the why part) now it makes sense. geeze.
But does that make it sound as if the Boden facility hashpower wll be for sale?
... and maybe a KNC wallet could be a requirement for that?
I mean, what would get peeps to use it?
I think I remember them mentioning mining directly to a wallet?

Oh, hold on.... NOPE.   What's this?....


Thats just weird.
I think the author @   http://translate.googleusercontent.com/translate_c?depth=1&hl=sv&nv=1&prev=_dd&rurl=translate.google.com&sl=sv&tl=en&u=http://www1.idrottonline.se/BodenHandbollIF-Handboll/BodenHandbollIF1/BitcoinkoperBodenHandbollIFforvirtuellapengar/&usg=ALkJrhiiLe23e7LBhkG0BUxW-FxLd69ckw
is confusing regular Bitcoin transaction fees with what is being donated.

Knc may have pledged to donate the transaction fees earned from the Boden mining facility, which would have nothing to do with the transaction fees when sending to or from wallets, which I think is the case here.
The article doesn't translate well either.


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opentoe
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April 06, 2014, 08:18:49 PM
 #31916


thanks

"" We are serving more than three million dollars 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. "

Impossible...3600 BTC a day at $450 will be just $1.62mil total market output. Cannot be $3 mil/day.

It has to be impossible. What organization has that kind of money to buy all that bitcoin daily? NONE.

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jimmothy
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April 06, 2014, 08:21:29 PM
 #31917


thanks

"" We are serving more than three million dollars 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. "

Impossible...3600 BTC a day at $450 will be just $1.62mil total market output. Cannot be $3 mil/day.

It has to be impossible. What organization has that kind of money to buy all that bitcoin daily? NONE.


It's only 360 btc or about $150k USD now.
Minor Miner
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April 06, 2014, 08:35:54 PM
 #31918

thanks
"" We are serving more than three million dollars 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. "
Impossible...3600 BTC a day at $450 will be just $1.62mil total market output. Cannot be $3 mil/day.
It has to be impossible. What organization has that kind of money to buy all that bitcoin daily? NONE.
It's only 360 btc or about $150k USD now.
I think you have the correct calculation.   people were confused.   Still a nice daily haul by people that were "just in it for the good of bitcoin and would never solo mine more than 5% of what they sold their customers......"


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opentoe
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April 06, 2014, 08:39:05 PM
 #31919

I E-mailed the author to find out... will let y'all know
Kronor or USD

But I'm still thinking it may be USD...  
Isn't that the preferred denomination when purchasing Products through bank transfer at KNC?
...and I'm not sure there is an exchange that has enough trade volume in kronor to handle that.... or any exchange that handles kronor... is there?

It's likely they traded btc for usd then usd for kroner (or just held the usd)
Exactly what I was thinking... Sold for USD, then converted at their own bank is the likely possibility.


Here's the post mentioned earlier about an announcement


Finally a tidbit.   Not water-cooled; wow, like they couldn't have told us that a eons ago, and nearly useless information.
Soon?  as in today, this week, or this month?
Seems to me they are much more revealing when talking to press than customers.
Let's get Heraldo on the case.....  hehe
at least it's SOMETHING besides silence.

Better would be having them finish these sentences...
"We expect the chips to arrive within...."
or...   "Last word from the foundry was...."
or...   "Boden will be used to....."
or...   any real, relevant information.



That's called a PRE-announcement for an announcement. It is a marketing tactic to make people keep checking the status over and over and possibly hold off on more refunds. Who knows at this point.

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April 06, 2014, 08:39:17 PM
 #31920

Found this post in the knc wallet thread....

Craziness!  Seriously demented welfare move imho... but industrious.


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