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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3041659 times)
padrino
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April 20, 2014, 05:53:50 PM
 #32481

While the price for the upgrade board seems attractive and fair, keep in mind that you still need to buy the heatsink and fan, pay for shipping and the PSU on top of that.

Received 12 last week, gives me something to do with my empty controller boards, I had some fun making a 6 module system, adding the 5th and 6 port to all of my Jupiters today just in case I end up bumping them up as well..

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April 20, 2014, 07:46:20 PM
 #32482

Day 12 without response nor refund, 3 emails ignored, Worthless POS == KnC. They just can not get their fist far enough up our asses to satisfy their greed. Hey shit bags how about giving me that interest free loan back you scumbag liars!
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April 20, 2014, 08:19:57 PM
 #32483

I added up the entire hash rate of all the Scrypt coins on Coin Warz and it came to 260gh.  That isn't very much.  If KNC produces 1000 Titans (Just a guess), each with 300Mhashs, that would dump 300GH onto the script mining network!  That will more than double the total hash power on the network.    This will double the difficulty, just from KNC titans. 

Many of the new alt coins would be overwhelmed by a single Titan because their total hash power isn't even 1 titan worth (300Mhashs.  )  Only Dog coin (71Ghashes) and Lite Coin (151Ghashes) could withstand more than a few Titans on their network.    So most of the new hash power will have to go into those two coins.  And they aren't the most profitable coins. 

So...I'm looking for the real number.  How many Titans and Mini Titans is KNC producing?  Anybody know?

Here is the raw data (in Gigahashes):

71
1.5
1.5
151
2
1.8
1.85
1
0.021
0.07
11.7
0.35
0.5
0.7
0.2
0.1
0.08
0.1
0.03
0.07
0.5
0.2
0.07
0.02
0.1
0.03
0.02
0.02
0.2
0.1
0.02
3.3
0.02
0.08
0.08
0.03
0.4
0.01
0.9
0.07
0.03
0.1
0.7
0.01
0.2
0.01
0.01
0.02
0.2
0.2
0.1
0.03
0.1
0.05
0.007
0.7
0.2
0.04
0.01
0.05
0.4
0.09
0.009

255.007 GigaHashes

incognitoworker
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April 20, 2014, 08:28:56 PM
 #32484

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

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April 20, 2014, 08:34:19 PM
 #32485

I added up the entire hash rate of all the Scrypt coins on Coin Warz and it came to 260gh.  That isn't very much.  If KNC produces 1000 Titans (Just a guess), each with 300Mhashs, that would dump 300GH onto the script mining network!  That will more than double the total hash power on the network.    This will double the difficulty, just from KNC titans.  

Many of the new alt coins would be overwhelmed by a single Titan because their total hash power isn't even 1 titan worth (300Mhashs.  )  Only Dog coin (71Ghashes) and Lite Coin (151Ghashes) could withstand more than a few Titans on their network.    So most of the new hash power will have to go into those two coins.  And they aren't the most profitable coins.  

So...I'm looking for the real number.  How many Titans and Mini Titans is KNC producing?  Anybody know?

Here is the raw data (in Gigahashes):

71
1.5
1.5
151
2
1.8
1.85
1
0.021
0.07
11.7
0.35
0.5
0.7
0.2
0.1
0.08
0.1
0.03
0.07
0.5
0.2
0.07
0.02
0.1
0.03
0.02
0.02
0.2
0.1
0.02
3.3
0.02
0.08
0.08
0.03
0.4
0.01
0.9
0.07
0.03
0.1
0.7
0.01
0.2
0.01
0.01
0.02
0.2
0.2
0.1
0.03
0.1
0.05
0.007
0.7
0.2
0.04
0.01
0.05
0.4
0.09
0.009

255.007 GigaHashes




They had sold at least 200 by the end of March, and they've said they hope to make 2,500 units with the first batch.  I was a little interested, but came up with similar numbers.  Unless you get one of the first dozen machines, I'm afraid your going to lose a lot of money with the Titan.  Your basically spending twice as much as most bitcoin miners,  hoping to acquire altcoins worth a fraction of the value while difficulty skyrockets
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April 20, 2014, 08:35:22 PM
 #32486

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

they've said q2/q3.  Without delays, that could be as long as September
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April 20, 2014, 08:42:47 PM
 #32487

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

May 21 is the earliest I've heard.  If a lot of hashpower goes online before KNC delivers, the Titan will be worthless.
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April 20, 2014, 08:48:42 PM
 #32488

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

May 21 is the earliest I've heard.  If a lot of hashpower goes online before KNC delivers, the Titan will be worthless.

Yep, that's why they're not refundable
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April 20, 2014, 09:18:22 PM
 #32489

Even if you were obviously over exaggerating things in the past and you were bad intended towards KnC from the start when things weren't so bad as now
I was not "over exaggerating things in the past". As a recipient of extremely faulty KNC hardware, I was one of the first to see what KNC were *really* like as a company. The rest of you were too blinded by BTC going to all time highs and having hardware that actually worked to see beyond the now, back then.

Anyway, I hope for your sake spongebob-tech don't go bad or you'll have a helluva large angry mob coming for ya RS Wink  Cheesy

"I am not The Avenger"
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April 20, 2014, 10:55:51 PM
 #32490

Anyway, I hope for your sake spongebob-tech don't go bad or you'll have a helluva large angry mob coming for ya RS Wink  Cheesy

Surprisingly, there are companies in crypto-biz that look to establish long term relations with their clients and partners, and base their operations on honest practices, rather then get rich quick schemes.

RoadStress (among others) recognized this early, hence he decided to organize the group sale.
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April 20, 2014, 11:03:38 PM
 #32491

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.
I'd at least wait to see if Mr Gridseed bulk-buyer is scamming or not before you jump on that.
Other, seasoned "veterans" of vetting noob companies seem to think that he is a scammer. Be careful.
He's not a "company", and it seems he has an empty wallet....  not a single sale yet claims sold out of the usbminers, a child like website, no faq, no credentials, etc... I don't see him as competition at all.
Even if all is legit... he's re-selling Gridseed miners(lol), and not enough of them to make an impact on Titan imho


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April 21, 2014, 12:58:25 AM
 #32492

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.
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April 21, 2014, 01:07:57 AM
 #32493

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.

LOL. In your dreams.

Buy & Hold
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April 21, 2014, 03:14:26 AM
 #32494


They had sold at least 200 by the end of March, and they've said they hope to make 2,500 units with the first batch.  I was a little interested, but came up with similar numbers.  Unless you get one of the first dozen machines, I'm afraid your going to lose a lot of money with the Titan.  Your basically spending twice as much as most bitcoin miners,  hoping to acquire altcoins worth a fraction of the value while difficulty skyrockets

HAhahhaa Please keep making these generalizations and "Sky is falling" comments.

Litecoin has a difficulty of 5162
Dogecoin has a difficulty of 611

Show your Frickin' math, there are like 150 other Alt coins, tell me how the addition of 625Gh of Scrypt mining hardware will impact these Alt coins and make difficulty skyrocket?

The addition of this hardware is equivalent of adding FPGA hardware to the Bitcoin network, still lots of profit to go around.

The sky is not falling chicken little.


Reminds me of the dead parrot sketch from Monty Python.

This parrot wouldn't Voooom if you put 50,000 volts through it.

Parrot=Difficulty

 






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April 21, 2014, 03:28:05 AM
 #32495

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.

LOL. In your dreams.

What ^^^^ he said fanboy!!

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April 21, 2014, 03:55:21 AM
 #32496

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.

Sorry to say this but it's going to be just the opposite.  There are going to be some mighty sad people when they get their 3THs hosted mining offer on June 30th.  Not a GH more and not a day sooner.

Meanwhile I'll have been hashing away for two months on my FrakenJup.  That is if they actually run without bursting into flames from all of the dust buildup.
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April 21, 2014, 05:41:06 AM
 #32497

Final Refund requested.



You do ponder a long while don't you Ed, i'm of the same mind... which makes me always late to the party. dunno how many times i've missed 'batch1's' by a gnats bollock-hair. Not indecisive, just like to think things through... and watch, and think some more, and watch, and... (you get the jist)


Show your Frickin' math, there are like 150 other Alt coins, tell me how the addition of 625Gh of Scrypt mining hardware will impact these Alt coins and make difficulty skyrocket?


On the topic of altcoins  joeventura is absolutely correct; i, myself dabble with some shitcoins irregularly and there is ALWAYS a coin to hop to when the going gets tough on another, take a look a the coinwarz profitability calc (not that i'm saying it's valid as a calculator) but you tend to see which shitcoins are most worthy to mine at any given time... a lot of people do a lot of hopping around and you will usually find, if you are sat on a shitcoin when it gets to the top of that calc list, the multipools will tend to crack in and plunder it for a while - raising the diff and reducing your share until they go away. if you ordered a titan, there will be scope for returns (mine shitcoin launches - pump and dump asap), but will you get a positive return on your investment? i wouldn't take the chance on a shitcoin miner of that magnitude, so i'll never know first hand.

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April 21, 2014, 06:06:53 AM
Last edit: April 21, 2014, 06:26:53 AM by Collider
 #32498

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

May 21 is the earliest I've heard.  If a lot of hashpower goes online before KNC delivers, the Titan will be worthless.

Yep, that's why they're not refundable

As in one of my earlier posts, in most European countries, including Sweden, consumer protection law gives you the right to reverse the purchase within 14 days.
These 14days begin only from the moment you are informed by the company of this right, so if they never inform you, you can always request a refund.

Consumer protection law is much tighter and better enforced in Europe than in most countries.
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April 21, 2014, 06:17:09 AM
 #32499

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.

LOL. In your dreams.

First of all, i guess earliest is June.
With 10/12k you can get 4th delivered NOW or atleast early May (spondoolies sp10).

My prediction for hashrate on the final KnC Neptune will not exceed 4,5th by much, and plan B only seems to cover 3Th.

My prediction for power consumption is no better than 0,7W/GH/s. (As stated by them, 30% better efficiency, 1,2W/GH/s *0,7 --> only 0,84W/GH/s)

Dont forget to add 300-450$ for PSUs and along the same 300$ for shipping cost, giving you ~10,7/12,7k cost.
Even for 4,5 TH that is only 2,377$/GH, and that is assuming this +50% performance increase, which nobody guarantees in any way.

Again you can get ~2,4$/GH NOW/within 2 weeks.

Spondoolies sp30 group buy even gives you 10,8TH for 9k, delivered in August, with better power efficiency, without hoping for KnC´s mercy.

They even have special payment conditions for customers awaiting KnC refunds.


By the way, hasn´t KnC recently announced PSU requirements? Something along the line of 2,4kw?
Even with 0,7w/GH/s that is only 3,428TH and they admitted to having safety margins in the PSU announcement, so it should be less.
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April 21, 2014, 07:50:58 AM
 #32500

while on the the topic of KnC scrypt rig - 'Titan'
these are on the market 1st May...
http://www.innosilicon.com/A2.htm

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