Bitcoin Forum
November 17, 2017, 08:00:12 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 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 1648 ... 2138 »
  Print  
Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006425 times)
Searing
Legendary
*
Offline Offline

Activity: 1540


Tips for help? 1BzbfMHCrTeLjc7eCGrYVhH3QXSRodSuke


View Profile
April 07, 2014, 01:30:54 PM
 #31941

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

       ▀
   ▄▄▄   ▄▀
   ███ ▄▄▄▄  ██
       ████
    ▄  ▀▀▀▀
▄▄
      ██    ▀▀
██▄█▄▄▄████████
▄▄▄▄▄▄▄▄▀▀███▀▀▀
██████████████████
████▄▀▄▀▄▀███▀▀▀▀▀
████▄▀▄▀▄▀███ ▀
████▄▀▄▀▄▀████████
▀█████████████████
]
CoinPayments
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
█████
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████ ██
█████
1510948812
Hero Member
*
Offline Offline

Posts: 1510948812

View Profile Personal Message (Offline)

Ignore
1510948812
Reply with quote  #2

1510948812
Report to moderator
1510948812
Hero Member
*
Offline Offline

Posts: 1510948812

View Profile Personal Message (Offline)

Ignore
1510948812
Reply with quote  #2

1510948812
Report to moderator
1510948812
Hero Member
*
Offline Offline

Posts: 1510948812

View Profile Personal Message (Offline)

Ignore
1510948812
Reply with quote  #2

1510948812
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1510948812
Hero Member
*
Offline Offline

Posts: 1510948812

View Profile Personal Message (Offline)

Ignore
1510948812
Reply with quote  #2

1510948812
Report to moderator
1510948812
Hero Member
*
Offline Offline

Posts: 1510948812

View Profile Personal Message (Offline)

Ignore
1510948812
Reply with quote  #2

1510948812
Report to moderator
1510948812
Hero Member
*
Offline Offline

Posts: 1510948812

View Profile Personal Message (Offline)

Ignore
1510948812
Reply with quote  #2

1510948812
Report to moderator
RoadStress
Legendary
*
Offline Offline

Activity: 1624


View Profile
April 07, 2014, 01:32:20 PM
 #31942

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!

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
mtbitcoin
Legendary
*
Offline Offline

Activity: 877


Etherscan.io


View Profile
April 07, 2014, 02:15:29 PM
 #31943

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: 877


Etherscan.io


View Profile
April 07, 2014, 02:18:04 PM
 #31944

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
Jr. Member
*
Offline Offline

Activity: 52


View Profile
April 07, 2014, 02:36:59 PM
 #31945

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: 1414


View Profile
April 07, 2014, 02:59:18 PM
 #31946

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: 1414


View Profile
April 07, 2014, 03:34:20 PM
 #31947

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



View Profile
April 07, 2014, 03:36:06 PM
 #31948

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: 378


View Profile
April 07, 2014, 04:04:31 PM
 #31949

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

ChipMixer.com.|.Mixing reinvented for your privacy.|.ChipMixerwzxtzbw.onion
RoadStress
Legendary
*
Offline Offline

Activity: 1624


View Profile
April 07, 2014, 05:24:55 PM
 #31950

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?

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
xstr8guy
Hero Member
*****
Offline Offline

Activity: 784


Glow Stick Dance!


View Profile
April 07, 2014, 06:16:40 PM
 #31951

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.

Then why send BTC refunds for multiple Neptune orders? Makes no sense.
davebodger
Full Member
***
Offline Offline

Activity: 153


View Profile
April 07, 2014, 06:38:42 PM
 #31952

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

IMHO it is to KNC's advantage at this point to encourage refunds so that :-
1. They will have less future competition, as you do not end up mining against them with that hash unit.
2. They get more state of the art machines to stock their data centre(s) with from the initial production batches.
3. You may use the refund to purchase BTC on the market, i.e. from them potentially, and this will help maintain or rise the BTC/USD price, being advantageous to them as they are selling so much BTC daily.

Sad times.

If you think I deserve it - BTC always welcome - 14GkxT2xcpgvGVBgMjtGeFiXrxnttBSRRF
RoadStress
Legendary
*
Offline Offline

Activity: 1624


View Profile
April 07, 2014, 06:56:33 PM
 #31953

It's Monday and we have no announcement. I think we were tricked again like the winter Jupiters...

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
Biodom
Legendary
*
Offline Offline

Activity: 1414


View Profile
April 07, 2014, 07:25:30 PM
 #31954

It's Monday and we have no announcement. I think we were tricked again like the winter Jupiters...

My read is different. On weekend they said that news are coming "very soon".
I think that they got the news that chips were sent (Fri?), hence the message.
They will probably get them today or tomorrow and have to do minimal testing, hence I predict news in the next couple of days.
I would be very surprised if we got nothing by Thu.
lemonte
Hero Member
*****
Offline Offline

Activity: 601


View Profile
April 07, 2014, 07:35:56 PM
 #31955

It's Monday and we have no announcement. I think we were tricked again like the winter Jupiters...

My read is different. On weekend they said that news are coming "very soon".
I think that they got the news that chips were sent (Fri?), hence the message.
They will probably get them today or tomorrow and have to do minimal testing, hence I predict news in the next couple of days.
I would be very surprised if we got nothing by Thu.

I also got that impression. Hope they hurry up though, Easter is only a week and a bit away.

joeventura
Hero Member
*****
Offline Offline

Activity: 714



View Profile
April 07, 2014, 08:28:57 PM
 #31956



In an effort to save everyone time and effort I am proposing a new "Short hand" for messages in this thread.

So as to save you time typing and save us time reading you can just post the five letter code to indicate what your message is about"


  KNCSX  - Use this code when you want to indicate how much Knc sucks for building their own datacenter & making $x everyday
  $TOKR - Use this code to ask how many dollars are in a krona
  4NEWS - Use this code when you want to complain that there has been no news since ______
  FNTSY - Use this code to let everyone know that you are still a proud KNC customer and can't wait to get your item(s)
  REFND - Use this code to ask for the 4000th time whether people are still getting refunds & what form they are in & how long it takes
  DRBLE - Use this code for Mindless dribble about BTC speculation, how cheap others are etc.
  CALDR - Use this if you want to ask for the 400th time when does Q1, Q2, Q3 and Q4 happen on a calendar


Carry on!

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
raskul
Sr. Member
****
Offline Offline

Activity: 434



View Profile
April 08, 2014, 05:36:36 AM
 #31957

ooooh the race is on is it?  Cheesy soonish. nice. I'll be 60 soonish. this year i'm 40.
i've gone for one of those spondoolies-tech bundles.. even if this neptune is ~5TH/s, those bundles look a better option. Based on the comment on my 20nm delays thread here, a post remarking the obvious - 20nm is only a very small step in efficiency to anything you can buy today, and have shipped next week. I just feel it's been too long and too much in the way of self-mining for KnC to continue as a viable business. Someone is going to pull that rug from under their feet and it's gonna be a long drop for them when it does.
Look at it this way, historically a mining rig does not have a non-exhaustive lifespan. You receive your rig, you mine with it for a duration of time, then it becomes obsolete, so you sell it on (other internet auction sites are available). I'll give the datorhall until christmas; at very best, before it becomes a loss leader for KnC. They are already in the autumn of their existence.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
pedrosoft
Hero Member
*****
Offline Offline

Activity: 560



View Profile
April 08, 2014, 08:13:53 AM
 #31958

Anyone in Europe could tell me how many days from "refunded" (in account page) to dollars in bank account ?

Thanks
The Avenger
Hero Member
*****
Offline Offline

Activity: 798



View Profile
April 08, 2014, 08:49:23 AM
 #31959

I'll give the datorhall until christmas; at very best, before it becomes a loss leader for KnC. They are already in the autumn of their existence.
Sadly, like a central bank, they can continue to print more dollars (i.e. boards) as and when they need, much easier than anyone else. Who'd going to be able to go toe to toe with them in a race to control 50% of the bitcoin network?

P.S. Everyone keeps throwing Neptune and 5TH around. With Jupiter, they started small and then added & added to the hashrate to make it more appealing. They have never once reestimated the hashrate of Neptune Nob-tune. As announced by the knc "director of running away like a scared girl" in January, their main interest in Neptune is energy efficiency, as it suits their DC plans. They've announced twice their "success" in doing this. That's your knc 'bonus' this time kids - the fact you might be able to run it from domestic power.

And I don't even think anyone has considered the fact their rush job neptune might be a 2.3TH machine, Cointerra-stylee. It's new tech, they could easily have trouble bringing it up. And they'll promise a firmware update to "fix it", which may take 5-6 months if their efforts on the Jupiter firmware are anything to go by. How would you feel about waiting to July to get a 2.3TH machine you Neptune hodlers?

OKBYE
AVNGR

"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
tzortz
Hero Member
*****
Offline Offline

Activity: 630



View Profile
April 08, 2014, 09:27:50 AM
 #31960

Anyone in Europe could tell me how many days from "refunded" (in account page) to dollars in bank account ?

Thanks


I got refunded in 6 working days.

All is Mine!

1H7LUdfx9AFTMSXPsCBror3RDk57zgnc2R
Pages: « 1 ... 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 1648 ... 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!