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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3046303 times)
Biffa
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April 09, 2014, 03:12:08 AM
 #32141

3TH gets you between 3.5 and 4 BTC a month (first month) you guys in the $10k club need 22 BTC just to get to zero

Math does not work when the diff is doubling every 35 to 40 days

Best of luck to all



Not me.  I paid 10 BTC for my order.  I need to make 10 BTC to break even.  Wink

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April 09, 2014, 03:23:43 AM
 #32142

3TH gets you between 3.5 and 4 BTC a month (first month) you guys in the $10k club need 22 BTC just to get to zero

Math does not work when the diff is doubling every 35 to 40 days

Best of luck to all



Not me.  I paid 10 BTC for my order.  I need to make 10 BTC to break even.  Wink

so you don't refund and get 22 BTC in hand now???   without buying any PSUs, paying electric for months, etc etc etc

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April 09, 2014, 04:26:48 AM
 #32143

3TH gets you between 3.5 and 4 BTC a month (first month) you guys in the $10k club need 22 BTC just to get to zero

Math does not work when the diff is doubling every 35 to 40 days

Best of luck to all



Not me.  I paid 10 BTC for my order.  I need to make 10 BTC to break even.  Wink

so you don't refund and get 22 BTC in hand now???   without buying any PSUs, paying electric for months, etc etc etc

But that's not any fun.  Now is it?
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April 09, 2014, 04:29:58 AM
 #32144

so essentially we have to choose between six 'frankenjups' which will be god knows how much in import fees... or we continue to wait like muppets for the JUNE cloudhashing....

Or swap it for a 'Titan'

if this isnt forced 'coercion' i dunno what is... I feel pressurised! 

quick 'mods' - delete this one as well. 

Yeah the mods are on a frenzy lately.

And to keep my post on topic... there are no import fees for the US.
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April 09, 2014, 04:50:51 AM
 #32145

But that's not any fun.  Now is it?

Trust me. More BTC = More Fun.

Buy & Hold
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April 09, 2014, 05:01:56 AM
 #32146

But that's not any fun.  Now is it?

Trust me. More BTC = More Fun.
actually making roi btc then reselling the hardware for the same you paid or more is actually the greatest Grin

and I play with KNC hardware to keep it on topic....geez.
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April 09, 2014, 05:22:28 AM
 #32147

But that's not any fun.  Now is it?

Trust me. More BTC = More Fun.
actually making roi btc then reselling the hardware for the same you paid or more is actually the greatest Grin

and I play with KNC hardware to keep it on topic....geez.

forget KnC hardware and forget the datorhall... WTF?...
YOU CAN HAVE YOUR OWN FARM
astounding... to think, if enough people buy into this, hashrate is gonna spread. collectively we could put that knc d/c in the lower echelons of mining farms.
i'm off to the bank, it's my duty.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
Searing
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April 09, 2014, 06:58:48 AM
Last edit: April 09, 2014, 07:40:22 AM by Searing
 #32148

3TH gets you between 3.5 and 4 BTC a month (first month) you guys in the $10k club need 22 BTC just to get to zero

Math does not work when the diff is doubling every 35 to 40 days

Best of luck to all



yeah glad  i punted for a Titan (yeah i know stupid..before IRS ruling...but i like to mine) ..hopefully i can run that beast for more then a year on some kinda sh*tcoin
to get ROI


anyway off topic for here...but here is how I managed to follow the IRS guidelines according to my Tax Lady CPA
I'm out 550 bucks from my now amended 2013 tax return..but hey...the basis are covered and starting it as a 'new
business" gave me some perks...anyway if this drags on (fix the IRS ruling) into next fall (due to elections) I at least
can sell coin should I choose w/o any issues on how legit I 'is' or the coin 'is' or whatever.


link to the details are below:


https://bitcointalk.org/index.php?topic=562843.msg6136935#msg6136935

anyway irregardless a Neptune in JUNE would not help me much fighting all the GH dropping out of the sky (and other Neptune)
and KNC itself. imho...so....Titan was likely a mistake ..but hey its only money right?

again wonder what next week is gonna bring.....in BTC land.....its like a 'frigging" episode of "LOST" lately..

Searing



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April 09, 2014, 09:33:54 AM
Last edit: April 09, 2014, 09:51:00 AM by The Avenger
 #32149

I've conducted further tests and can now verify that a knc Frankenjup can be powered by a 5 foot tesla coil, (rather than the 13 foot tesla coil I suggested yesterday, that the mods accidentally deleted).



It hashes quite nicely at 3.2TH with mild overclocking, although the smell of ozone and nitrogen oxides means it can only be set up in a building with open ventilation, such as a garage, out-house or abandoned church ruins.

If you need to bring it indoors, then 6x650w Corsair psu's would certainly be a good choice cost-wise, as you'll need 3x 6pin connectors for each of Frankenjups 6 "limbs", i.e. of dead villagers 3x jupiter boards.

If anyone needs any more help or technical advice on this, please feel free to ask. Having had a number of jupiter boards with die0 issues, I have a good deal of experience reanimating the dead.

AVNGR

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April 09, 2014, 10:17:57 AM
 #32150

... Having had a number of jupiter boards with die0 issues, I have a good deal of experience reanimating the dead.

AVNGR

LMAO  Cheesy

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April 09, 2014, 04:56:09 PM
 #32151

It's really frustrating that KnC operates how they want.  They won't refund my Neptune's in BTC because I paid with a wire transfer.

That would make perfect sense if my past orders paid in BTC were refunded as BTC but they only wanted to refund those as wire transfers back then too.  When I called Kurt out on that I got some snotty one-liner reply and they closed the ticket.  That is really "customer appreciation" for you.  The least they could do is help a strong supporter avoid wire transfer fees and other fees associated with converting into BTC.

I was thinking of transferring the Neptune's into Titan's but now I'm not so sure anymore.
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April 09, 2014, 05:09:51 PM
 #32152

Nice how they mine with your money and equipment, when diff is out the roof they ship your unit with promises to sell a even FASTER one in another quarter or two so they can mine with that and keep the rat race going.  They don't take credit card because they know they WONT deliver and wont have a issue with chargebacks.  Better off just to buy some btc with that money and not worry about the electric bill!

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April 09, 2014, 05:35:52 PM
 #32153

I considered converting one of my Neptunes into a Titan but fuck these KnC pieces of shit.  Scrypt diff is going to explode once they and the competition get chips and start mining, also the exchange rate won't go up enough.  Also +1 on their bullshit wire transfer for refunds policy.  Now we have to eat the fees and taxes because they fucked up and turned on us.  Fuckin' assholes, hope they rot.
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April 09, 2014, 08:46:38 PM
 #32154

I considered converting one of my Neptunes into a Titan but fuck these KnC pieces of shit.  Scrypt diff is going to explode once they and the competition get chips and start mining, also the exchange rate won't go up enough.  Also +1 on their bullshit wire transfer for refunds policy.  Now we have to eat the fees and taxes because they fucked up and turned on us.  Fuckin' assholes, hope they rot.

hurrah.

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April 09, 2014, 09:00:47 PM
 #32155

ive spent a good few hours trying to decide which is the better option, to be quite frank theyre all a bit shit.

a - continue waiting til they're willing to let us use their datahall for as long as they see fit on a 'best effort' basis

b - swap for SIX frankenjups to be shipped when?? at what additional cost to customs?? plus 6 PSUs... 90 day 'warranty'

c - swap for a 'titan' and keep on waiting for MONTHS + NO REFUNDS

d - refund

D - It was the ONLY choice I could see, bought back the BTC I used to orig. "purchase", loan KNC and pulled the trigger on Spoondoolie SP10
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April 10, 2014, 12:29:55 AM
 #32156

I considered converting one of my Neptunes into a Titan but fuck these KnC pieces of shit.  Scrypt diff is going to explode once they and the competition get chips and start mining, also the exchange rate won't go up enough.  Also +1 on their bullshit wire transfer for refunds policy.  Now we have to eat the fees and taxes because they fucked up and turned on us.  Fuckin' assholes, hope they rot.

sad since the gridseeds are a cool company and just put out their g-blade but the economics and climate of scrypt is so vile now.... still tempted to grab one since you can buy with cc but looks like crypto as a whole will keep getting pounded price wise..

probably better to invest on the service side and let the big whales eat each other on mining

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April 10, 2014, 12:40:56 AM
 #32157

But that's not any fun.  Now is it?

Trust me. More BTC = More Fun.
actually making roi btc then reselling the hardware for the same you paid or more is actually the greatest Grin

and I play with KNC hardware to keep it on topic....geez.

forget KnC hardware and forget the datorhall... WTF?...
YOU CAN HAVE YOUR OWN FARM
astounding... to think, if enough people buy into this, hashrate is gonna spread. collectively we could put that knc d/c in the lower echelons of mining farms.
i'm off to the bank, it's my duty.

I agree ...  going to get an SBA loan, a few government grants for putting in my time in the service, and load up on those babies ( Undecided sarcasm and wishful thinking Huh for that kind of hashing power NOW ...  Shocked)

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Searing
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April 10, 2014, 02:47:41 AM
 #32158

But that's not any fun.  Now is it?

Trust me. More BTC = More Fun.
actually making roi btc then reselling the hardware for the same you paid or more is actually the greatest Grin

and I play with KNC hardware to keep it on topic....geez.

forget KnC hardware and forget the datorhall... WTF?...
YOU CAN HAVE YOUR OWN FARM
astounding... to think, if enough people buy into this, hashrate is gonna spread. collectively we could put that knc d/c in the lower echelons of mining farms.
i'm off to the bank, it's my duty.

I agree ...  going to get an SBA loan, a few government grants for putting in my time in the service, and load up on those babies ( Undecided sarcasm and wishful thinking Huh for that kind of hashing power NOW ...  Shocked)


well if the above is correct the arms race if fully on ...this little peasant is gonna maybe alt coin mine for fun...but stay out of the way of the trampling of the elephants....that is a lot of hash gonna dump by the end of summer not to mention knc and other farms

will be interesting to see if all this hash drives price of coin down as the GH farms cash out right away day by day (especially need to do this in usa now...because of capital gains if you cash out the same day no capital gains from the day you mined it)

ie cheap BTC money...due to this stuff shooting thru the tube

so can 'useage' keep up world wide to keep the price up with places like KNC making this much coin and shooting it out the door?

anyway me...ie modest 'toy' miners....

anyway looks to me like buying coin is the way to go...with all this 'angst' with equipment etc and large farms thru summer BTC is either gonna go up as this drives demand or some really really cheap coin imho

what do i know however i got a Titan as a toy....sigh.....

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!:)
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April 10, 2014, 04:55:41 AM
 #32159


what do i know however i got a Titan as a toy....sigh.....

Searing


i'm pretty sure it'll be a very profitable toy, and i'm sure i've said it before, this is the correct attitude to have with mining; for most of us now, it's not some big business venture, but something we enjoy doing, and will continue to do because we believe in the coins (or like playing with the alts) that we mine. I'm still having a lot of fun right now, mining some of my rig on btc and playing around with alts, with other parts of my rig.

take difficulty out of the equation and that angst can be easily channeled into enjoyment.

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April 10, 2014, 05:34:03 AM
 #32160

Refund in USD received for my Batch 2 Neptune order.

Kinda bummed I went the refund route (wanted the miner), but I couldn't rationalize keeping that pre-order any longer with the landscape changing so quickly, recently :\
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