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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007628 times)
jddebug
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April 06, 2014, 06:44:57 PM
 #31921

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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pedrosoft
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April 06, 2014, 06:49:17 PM
 #31922

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
 #31923


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.

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April 06, 2014, 07:16:04 PM
 #31924

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
 #31925

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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April 06, 2014, 08:18:49 PM
 #31926


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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April 06, 2014, 08:21:29 PM
 #31927


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.
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April 06, 2014, 08:35:54 PM
 #31928

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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                `+███████#,               
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April 06, 2014, 08:39:05 PM
 #31929

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
 #31930

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

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


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April 06, 2014, 08:48:57 PM
 #31931


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!
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April 06, 2014, 09:38:29 PM
 #31932


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
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April 07, 2014, 12:59:30 AM
 #31933


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?

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April 07, 2014, 06:11:54 AM
 #31934

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.
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April 07, 2014, 06:35:39 AM
 #31935

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
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WastedLTC
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April 07, 2014, 01:16:09 PM
 #31936

Anyone received a btc refund?

I got a refund in BTC for 3 Neptunes, I asked for USD but that was denied.
pedrosoft
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April 07, 2014, 01:20:47 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
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April 07, 2014, 01:24:58 PM
 #31938

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.

ChipMixer.com.|.Mixing reinvented for your privacy.|.ChipMixerwzxtzbw.onion
WastedLTC
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April 07, 2014, 01:25:09 PM
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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.  
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April 07, 2014, 01:26:16 PM
 #31940

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?

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