Bitcoin Forum
July 14, 2020, 10:53:58 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 ... 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 1613 1614 1615 1616 1617 1618 1619 1620 1621 1622 1623 1624 1625 1626 1627 1628 1629 1630 1631 1632 1633 1634 1635 1636 1637 1638 1639 1640 1641 1642 1643 1644 1645 1646 1647 ... 2138 »
  Print  
Author Topic: Swedish ASIC miner company kncminer.com  (Read 3046303 times)
Biodom
Legendary
*
Offline Offline

Activity: 2366
Merit: 1530



View Profile
April 06, 2014, 08:48:57 PM
 #31921


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.

well, if organofcorti info is correct, then KnC is getting 0.13X3600=468BTC/day or $212K, but who is counting?  Wink

I think that they had this plan (using preorders to built datorhall) all along. That was the whole point of seemingly moronic and naive "network protection plan".
What they were telling us is this: we will not sell any more jupiters to you, but we are free to build anything we want-and they did.
I actually never expected anything else because all seemingly good-natured pronouncements always end up being a bunch of baloney.
Remember Google-"don't be evil"? Ha!
1594767238
Hero Member
*
Offline Offline

Posts: 1594767238

View Profile Personal Message (Offline)

Ignore
1594767238
Reply with quote  #2

1594767238
Report to moderator
1594767238
Hero Member
*
Offline Offline

Posts: 1594767238

View Profile Personal Message (Offline)

Ignore
1594767238
Reply with quote  #2

1594767238
Report to moderator
1594767238
Hero Member
*
Offline Offline

Posts: 1594767238

View Profile Personal Message (Offline)

Ignore
1594767238
Reply with quote  #2

1594767238
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ivanlabrie
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000



View Profile
April 06, 2014, 09:38:29 PM
 #31922


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.

well, if organofcorti info is correct, then KnC is getting 0.13X3600=468BTC/day or $212K, but who is counting?  Wink

I think that they had this plan (using preorders to built datorhall) all along. That was the whole point of seemingly moronic and naive "network protection plan".
What they were telling us is this: we will not sell any more jupiters to you, but we are free to build anything we want-and they did.
I actually never expected anything else because all seemingly good-natured pronouncements always end up being a bunch of baloney.
Remember Google-"don't be evil"? Ha!


Sadly the btc community needs a few henchmen...lol
joeventura
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500



View Profile
April 07, 2014, 12:59:30 AM
 #31923


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.

well, if organofcorti info is correct, then KnC is getting 0.13X3600=468BTC/day or $212K, but who is counting?  Wink

I think that they had this plan (using preorders to built datorhall) all along. That was the whole point of seemingly moronic and naive "network protection plan".
What they were telling us is this: we will not sell any more jupiters to you, but we are free to build anything we want-and they did.
I actually never expected anything else because all seemingly good-natured pronouncements always end up being a bunch of baloney.
Remember Google-"don't be evil"? Ha!


Sadly the btc community needs a few henchmen...lol

Have we met?
Puppet
Legendary
*
Offline Offline

Activity: 980
Merit: 1008


View Profile
April 07, 2014, 06:11:54 AM
 #31924

You do realize mask is before tapeout, right?

You got that wrong. Tape out means the design is sent to the mask manufacturer for validation and production. The mask set can only be made after tape out.
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 2058
Merit: 1007


Poor impulse control.


View Profile WWW
April 07, 2014, 06:35:39 AM
Last edit: April 07, 2014, 07:57:34 AM by organofcorti
 #31925

well, if organofcorti info is correct, then KnC is getting 0.13X3600=468BTC/day or $212K, but who is counting?  Wink
<snip>

The network has been solving ~1200 blocks per week for a while now. That puts the block rate at ~ 171 blocks per day, and btc per day at ~ 4285.

For KNC: 0.13 * 1200/7 * 25 = 557.1429 which (at current exchange rates) ~ US$255728.6 per day.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
WastedLTC
Hero Member
*****
Offline Offline

Activity: 669
Merit: 507



View Profile
April 07, 2014, 01:16:09 PM
 #31926

Anyone received a btc refund?

I got a refund in BTC for 3 Neptunes, I asked for USD but that was denied.
pedrosoft
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
April 07, 2014, 01:20:47 PM
 #31927

Anyone received a btc refund?

I got a refund in BTC for 3 Neptunes, I asked for USD but that was denied.



Could you please tell me how many days from "Refunded" to dollars in your bank account ? Smiley
sikke
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
April 07, 2014, 01:24:58 PM
 #31928

well, if organofcorti info is correct, then KnC is getting 0.13X3600=468BTC/day or $212K, but who is counting?  Wink
<snip>

The network has been solving ~1200 blocks per week for a while now. That puts the block rate at ~ 171 blocks per day, and btc per day at ~ 4285.

For KNC: 0.13 * 1200/7 * 25 = 557.1429 which (at current exchange rates) ~ US$255728.6 per day.

Those numbers look crazy. 40mil $ /month mining operation.
That makes the Bitmain antminers sales wallet with 19600 BTC look...tiny  Undecided
https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ

KNC had great scheam to make some real business with Jupiter here. Instead of cashing out existing hardwares why not fund the hardware with preorders. Build the datorhall to old helicopter hangar. Make big enough mining operation to pay out any shipment delays to pre-order customers while continue developing new hardware to keep the datorhall populated with state of the art asics for upcoming months and maybe years.

huh.

They made this much with declining BTC prices. What if price had gone up.. huh. What a gamble to become BTC millionares.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
WastedLTC
Hero Member
*****
Offline Offline

Activity: 669
Merit: 507



View Profile
April 07, 2014, 01:25:09 PM
 #31929

Anyone received a btc refund?

I got a refund in BTC for 3 Neptunes, I asked for USD but that was denied.

Could you please tell me how many days from "Refunded" to dollars in your bank account ? Smiley

Like I said, I got BTC so it never made it to my bank account.   From the request to the BTC received was 8 days.  
Searing
Copper Member
Legendary
*
Offline Offline

Activity: 2506
Merit: 1314

Clueless!


View Profile
April 07, 2014, 01:26:16 PM
 #31930

Anyone received a btc refund?

I got a refund in BTC for 3 Neptunes, I asked for USD but that was denied.


interesting is this recent or do they do this for order of more then 2 units anyway ...curious?

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
Searing
Copper Member
Legendary
*
Offline Offline

Activity: 2506
Merit: 1314

Clueless!


View Profile
April 07, 2014, 01:30:54 PM
 #31931

well, if organofcorti info is correct, then KnC is getting 0.13X3600=468BTC/day or $212K, but who is counting?  Wink
<snip>

The network has been solving ~1200 blocks per week for a while now. That puts the block rate at ~ 171 blocks per day, and btc per day at ~ 4285.

For KNC: 0.13 * 1200/7 * 25 = 557.1429 which (at current exchange rates) ~ US$255728.6 per day.

Those numbers look crazy. 40mil $ /month mining operation.
That makes the Bitmain antminers sales wallet with 19600 BTC look...tiny  Undecided
https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ

KNC had great scheam to make some real business with Jupiter here. Instead of cashing out existing hardwares why not fund the hardware with preorders. Build the datorhall to old helicopter hangar. Make big enough mining operation to pay out any shipment delays to pre-order customers while continue developing new hardware to keep the datorhall populated with state of the art asics for upcoming months and maybe years.

huh.

imho they could have given us customers options on 20% of what they used in the farm to buy..with us promoting them as "fair" in an industry without fairness...not to mention refunds...they would have made more by making the bitcoin pie and their sales bigger then ..way bigger then the 20% they gave to us in modules on the jupiters etc...and with an honest announcement that they simply can't get the equip from chip to customer fast enough announced a decent virtual miner option with those facts and track record above......they would have been even larger/bigger and badder then they are now...hell i'd have virtually mined under that trust system...and promoted the hell out of them....but they took the short term gain vs long term gain...dropped the ball..but it would have been a fun ride imho

Searing

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
RoadStress
Legendary
*
Offline Offline

Activity: 1862
Merit: 1002


View Profile
April 07, 2014, 01:32:20 PM
 #31932

Quote
Refunds are processed in USD via bank transfer, only in some circumstances where it may not be possible to refund via bank transfer, our management can approve a BTC refund. BTC refunds are not given for single Neptune purchases.

KnC sucks at this point. I don't understand the logic behind not giving BTC refunds for single Neptune orders. Knowing that they have 5PH mining at this moment this seems a bit stupid. Also only one time per week? Wtf? I can have my refund in 5 mins with BTC, but i have to wait a few days for them to wire the money and then another few days to get it. Sad times. KnC you let me down!

mtbitcoin
Legendary
*
Offline Offline

Activity: 876
Merit: 1000


Etherscan.io


View Profile
April 07, 2014, 02:15:29 PM
 #31933

Anyone received a btc refund?

I got a refund in BTC for 3 Neptunes, I asked for USD but that was denied.



Could you please tell me how many days from "Refunded" to dollars in your bank account ? Smiley

About 7 days. The refund was dealt quickly and promptly, no issue there.

And it appears that they are refunding BTC for multiple orders and USD for single orders

Cheers

EtherScan::Ethereum Block Explorer | BlockScan::Coming Soon
mtbitcoin
Legendary
*
Offline Offline

Activity: 876
Merit: 1000


Etherscan.io


View Profile
April 07, 2014, 02:18:04 PM
 #31934

Quote
Refunds are processed in USD via bank transfer, only in some circumstances where it may not be possible to refund via bank transfer, our management can approve a BTC refund. BTC refunds are not given for single Neptune purchases.

KnC sucks at this point. I don't understand the logic behind not giving BTC refunds for single Neptune orders. Knowing that they have 5PH mining at this moment this seems a bit stupid. Also only one time per week? Wtf? I can have my refund in 5 mins with BTC, but i have to wait a few days for them to wire the money and then another few days to get it. Sad times. KnC you let me down!

I hear you.. I asked for a BTC refund also but was given USD as it was a single order... With no upcoming news I am contemplating refunding my remaining order also. At this rate with no sign of "Plan B" it almost looks like KNC is encouraging refunds (IMHO), for what reasons I do not know  Huh


EtherScan::Ethereum Block Explorer | BlockScan::Coming Soon
je1p7u7
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
April 07, 2014, 02:36:59 PM
 #31935

Quote
Refunds are processed in USD via bank transfer, only in some circumstances where it may not be possible to refund via bank transfer, our management can approve a BTC refund. BTC refunds are not given for single Neptune purchases.

KnC sucks at this point. I don't understand the logic behind not giving BTC refunds for single Neptune orders. Knowing that they have 5PH mining at this moment this seems a bit stupid. Also only one time per week? Wtf? I can have my refund in 5 mins with BTC, but i have to wait a few days for them to wire the money and then another few days to get it. Sad times. KnC you let me down!

In case you wanted to sue them it would be difficult for them to prove in a court of law that they sent you a refund "on the blockchain". They have no other option than to send bank-document-verified transfers.
Biodom
Legendary
*
Offline Offline

Activity: 2366
Merit: 1530



View Profile
April 07, 2014, 02:59:18 PM
 #31936

well, if organofcorti info is correct, then KnC is getting 0.13X3600=468BTC/day or $212K, but who is counting?  Wink
<snip>

The network has been solving ~1200 blocks per week for a while now. That puts the block rate at ~ 171 blocks per day, and btc per day at ~ 4285.

For KNC: 0.13 * 1200/7 * 25 = 557.1429 which (at current exchange rates) ~ US$255728.6 per day.

Those numbers look crazy. 40mil $ /month mining operation.
That makes the Bitmain antminers sales wallet with 19600 BTC look...tiny  Undecided
https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ

KNC had great scheam to make some real business with Jupiter here. Instead of cashing out existing hardwares why not fund the hardware with preorders. Build the datorhall to old helicopter hangar. Make big enough mining operation to pay out any shipment delays to pre-order customers while continue developing new hardware to keep the datorhall populated with state of the art asics for upcoming months and maybe years.

huh.

They made this much with declining BTC prices. What if price had gone up.. huh. What a gamble to become BTC millionares.

$255K a day makes for ~$7.77 mil/average mo (30.5 days). Still, a nice 100 mil a year.
Biodom
Legendary
*
Offline Offline

Activity: 2366
Merit: 1530



View Profile
April 07, 2014, 03:34:20 PM
 #31937

Anyone received a btc refund?

I got a refund in BTC for 3 Neptunes, I asked for USD but that was denied.



Could you please tell me how many days from "Refunded" to dollars in your bank account ? Smiley

One
pedrosoft
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
April 07, 2014, 03:36:06 PM
 #31938

Anyone received a btc refund?

I got a refund in BTC for 3 Neptunes, I asked for USD but that was denied.



Could you please tell me how many days from "Refunded" to dollars in your bank account ? Smiley

One

Do you live in Europe ? Smiley
sikke
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
April 07, 2014, 04:04:31 PM
 #31939

well, if organofcorti info is correct, then KnC is getting 0.13X3600=468BTC/day or $212K, but who is counting?  Wink
<snip>

The network has been solving ~1200 blocks per week for a while now. That puts the block rate at ~ 171 blocks per day, and btc per day at ~ 4285.

For KNC: 0.13 * 1200/7 * 25 = 557.1429 which (at current exchange rates) ~ US$255728.6 per day.

Those numbers look crazy. 40mil $ /month mining operation.
That makes the Bitmain antminers sales wallet with 19600 BTC look...tiny  Undecided
https://blockchain.info/address/1QB8Ds5KbGYBLQa5RyDQ2sVUeSKWf7qgkZ

KNC had great scheam to make some real business with Jupiter here. Instead of cashing out existing hardwares why not fund the hardware with preorders. Build the datorhall to old helicopter hangar. Make big enough mining operation to pay out any shipment delays to pre-order customers while continue developing new hardware to keep the datorhall populated with state of the art asics for upcoming months and maybe years.

huh.

They made this much with declining BTC prices. What if price had gone up.. huh. What a gamble to become BTC millionares.

$255K a day makes for ~$7.77 mil/average mo (30.5 days). Still, a nice 100 mil a year.

Yes i picked up that they make 4285 btc per day when calculating. Ofc it was 13% of that.
My mistake on numbers

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
RoadStress
Legendary
*
Offline Offline

Activity: 1862
Merit: 1002


View Profile
April 07, 2014, 05:24:55 PM
 #31940

Quote
Refunds are processed in USD via bank transfer, only in some circumstances where it may not be possible to refund via bank transfer, our management can approve a BTC refund. BTC refunds are not given for single Neptune purchases.

KnC sucks at this point. I don't understand the logic behind not giving BTC refunds for single Neptune orders. Knowing that they have 5PH mining at this moment this seems a bit stupid. Also only one time per week? Wtf? I can have my refund in 5 mins with BTC, but i have to wait a few days for them to wire the money and then another few days to get it. Sad times. KnC you let me down!

In case you wanted to sue them it would be difficult for them to prove in a court of law that they sent you a refund "on the blockchain". They have no other option than to send bank-document-verified transfers.

Why would i sue them if i get my refund? I could sue them with 2-3-10 Neptunes ordered, why would i do it if i only have one Neptune?

Pages: « 1 ... 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 1613 1614 1615 1616 1617 1618 1619 1620 1621 1622 1623 1624 1625 1626 1627 1628 1629 1630 1631 1632 1633 1634 1635 1636 1637 1638 1639 1640 1641 1642 1643 1644 1645 1646 1647 ... 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!