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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007664 times)
samsonn25
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April 10, 2014, 03:09:45 PM
 #32181

Has anyone who paid in USD wire been able to get a refund in BTC?

I asked to be refunded in BTC, they said no so I emailed them my wiring instructions today, lets see how long it will take.

You'd think with all the BTC they have been mining they could have helped us out.  Just keep our USD and convert it themselves.  That would have been the best "customer appreciation" of all.

Maybe they don't have any BTC they can use.
It could be that they cash out all mined BTC every day under contract to some big player/ exchange/ inverstor.
Maybe the Winkelvoss's buy it all.
Who knows?
KNC aren't saying.


Im almost certain they cash out at least 50-60% of the btc they mine daily if not weekly.
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smoothrunnings
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April 10, 2014, 05:04:12 PM
 #32182

Just a hint...

I had 3 very first Neptune orders.

I refunded them the day after this plan b bullshit.

Now I have 14+ th working....

What do you think?

What's plan B?
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April 10, 2014, 05:13:08 PM
 #32183

Just a hint...

I had 3 very first Neptune orders.

I refunded them the day after this plan b bullshit.

Now I have 14+ th working....

What do you think?

What's plan B?

The cloudhashing if Neptune is late.

smoothrunnings
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April 10, 2014, 05:15:49 PM
 #32184

Sorry if this is a noob discovery, but no refunds on the Titan made my decision easy.  Refunding.  Even the "Customer Appreciation" batch isn't worth it.  The Bitcoin price needs to be $1200 to break even, and that involves leaving the machines run for a LONG time.  The future is so uncertain with these astronomical difficulty increases, possible equipment failure downtime, etc.

$10K is just too much for each Neptune.  Even if they started shipping the rigs right now, which they won't, we lose almost $2K waiting on them for a week.  Even the Franken Jup doesn't make sense.

Buying BTC right now versus waiting for the price to go back to $1200 earns you 2.5 BTC to 1

First of all you can't really compare BTC to USD like you are doing right now. Since BTC isn't regulated there is no regulatory body that sets it's value if there was we would see the price of one Bitcoin in USD be the same price across all the exchanges around the world. Bitcoin is only worth what someone will pay for it.

I do believe however because of the difficulty level increasing that KNC will need to make the first batch of Neptune's at around 6~8TH/s and the 2nd batch 10~12TH/s for there to be and ROI, and my numbers could be off by +/- 1TH too.

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April 10, 2014, 05:26:49 PM
 #32185


I do believe however because of the difficulty level increasing that KNC will need to make the first batch of Neptune's at around 6~8TH/s and the 2nd batch 10~12TH/s for there to be and ROI, and my numbers could be off by +/- 1TH too.



They won't.  The power consumption would be too high and nobody would be able to run them.
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April 10, 2014, 05:31:15 PM
 #32186

The game is over.
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April 10, 2014, 05:47:45 PM
 #32187

The game is over.

Yes...they played us well.

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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April 10, 2014, 05:47:53 PM
 #32188

Just a hint...

I had 3 very first Neptune orders.

I refunded them the day after this plan b bullshit.

Now I have 14+ th working....

What do you think?

Antminers?



 Wink

" I'm waiting for my punishment, I know it's on my way
  So cut, cut, cut me up and fuck, fuck, fuck me up"
samsonn25
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April 10, 2014, 05:50:16 PM
 #32189

Just a hint...

I had 3 very first Neptune orders.

I refunded them the day after this plan b bullshit.

Now I have 14+ th working....

What do you think?

Quick and nimble.  NICE
ElGabo
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April 10, 2014, 05:54:44 PM
 #32190

And I don't want to be boastful.

Just wanted to help to decide....

There are other good options out there.

I was a very happy Knc customer, but now very disapointed...

Edit: And now continue to install S2-s... Smiley

" I'm waiting for my punishment, I know it's on my way
  So cut, cut, cut me up and fuck, fuck, fuck me up"
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April 10, 2014, 05:56:45 PM
 #32191

The game is over.

Yes...they played us well.

This may be true but now they've made enemies and painted a target on themselves.  Their day will come.
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April 10, 2014, 08:26:11 PM
 #32192

Just a hint...

I had 3 very first Neptune orders.

I refunded them the day after this plan b bullshit.

Now I have 14+ th working....

What do you think?
You Dog!    hehe..  was a good move...   congrats


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ElGabo
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April 10, 2014, 08:50:14 PM
 #32193

Just a hint...

I had 3 very first Neptune orders.

I refunded them the day after this plan b bullshit.

Now I have 14+ th working....

What do you think?
You Dog!    hehe..  was a good move...   congrats

Thanks

 Grin

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  So cut, cut, cut me up and fuck, fuck, fuck me up"
smoothrunnings
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April 10, 2014, 08:50:33 PM
 #32194


I do believe however because of the difficulty level increasing that KNC will need to make the first batch of Neptune's at around 6~8TH/s and the 2nd batch 10~12TH/s for there to be and ROI, and my numbers could be off by +/- 1TH too.



They won't.  The power consumption would be too high and nobody would be able to run them.

Actually people would still be able to run them, it would just require them to run them inside a co-lo.  Smiley

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April 10, 2014, 09:05:26 PM
 #32195


I do believe however because of the difficulty level increasing that KNC will need to make the first batch of Neptune's at around 6~8TH/s and the 2nd batch 10~12TH/s for there to be and ROI, and my numbers could be off by +/- 1TH too.



They won't.  The power consumption would be too high and nobody would be able to run them.

Actually people would still be able to run them, it would just require them to run them inside a co-lo.  Smiley


And the co-lo will suck all the profits away. So what's the point?
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April 10, 2014, 09:48:57 PM
 #32196

Just a hint...

I had 3 very first Neptune orders.

I refunded them the day after this plan b bullshit.

Now I have 14+ th working....

What do you think?

Nicely done. I bought BTC directly for my refund, making 2BTC in the process on the price diff.

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“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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April 10, 2014, 10:49:02 PM
 #32197

Brock Pierce (a KNC Founder) is notably the main one of the "Group" Bidding for Gox!
If they save Gox....  I will worship the ground they walk on.

http://www.coindesk.com/investor-group-offers-buy-mt-gox-one-bitcoin/


Can u inagine an ex-Goldman Sachs/Morgan Stanley heading up Gox? wow


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MANofthePEOPLE
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April 10, 2014, 10:55:22 PM
 #32198

The only good thing about bitcoin dropping is that KNC makes a lot less money.
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April 10, 2014, 10:59:31 PM
 #32199

The only good thing about bitcoin dropping is that KNC makes a lot less money.
and enables savvy traders to buy at a good price...   Wink
Alot less....no, not really....   remember they are adding to that facility on a daily basis, so droppage yes, but not by much

***If Brock saves Gox, all will be forgiven, and who knows what the possibilities are...  but its looking like Kerples has no choice really but to accept the offer!
Forgive me, but this is epicness to the max for me. This is more than huge, it's unprecedented!  
It will be the best thing that could ever happen to the entire Bitcoin community imho.
Assuming all debts! Literally, the Boden facility could be working to revitalize the whole network helping with paying off Gox's debt(Broch's cut at minimum), and taking over!
WOW Sure puts a spin on things...!


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MANofthePEOPLE
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April 10, 2014, 11:08:46 PM
 #32200

The only good thing about bitcoin dropping is that KNC makes a lot less money.
and enables savvy traders to buy at a good price...   Wink
Alot less....no, not really....   remember they are adding to that facility on a daily basis, so droppage yes, but not by much


True, but you can be sure they are making a shitload less than they were predicting with btc this low
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