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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006511 times)
Epoch
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April 29, 2014, 04:56:54 AM
 #32941

Batch 1 & 2 Customers get Free Neptune with their order doubling their hash rate.
Batch 1 & 2 customers who purchased with $900 bitcoins and refunded recently got double their BTC back.
But isnt the bitcoin worth half the price now even thought you have 2x the amount of coins, is the same value.
The same USD value, yes. But that is an narrow view. One could say the same thing about the value of a Neptune; When BTC was $900, a 3TH Neptune was worth $10k. Now with a $450 bitcoin, what do you think the value of that same Neptune is? Hint: it isn't $10k.

People that spent 10 BTC on a Neptune, got a 20 BTC refund, made a profit of 10 BTC. A 3TH Neptune would never mine 20 BTC in its lifetime. With KNC doubling the hashrate, though, it brings it back into profitability.

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April 29, 2014, 05:18:02 AM
 #32942

I hate to be the one to break the news to you fellas, but bitcoin @ $1 is just as useful as bitcoin @ $400.


There's truth to this. There's no "reason" bitcoin has to be valued high, it's just up to what folks are willing to pay for it. Folks are just gambling that the long term value is high.
so we agree that bitcoin have value. Good.

now 12.5 million coins (give or take a few) for 6/7 billion earthlings = scarcity

according to the of economics, this makes bitcoin rare and therefore valuable. How valuable will depend on its ubiquity.
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April 29, 2014, 06:24:57 AM
 #32943

Geez, who unleashed the troll?
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April 29, 2014, 06:41:13 AM
 #32944

I hate to be the one to break the news to you fellas, but bitcoin @ $1 is just as useful as bitcoin @ $400.


There's truth to this. There's no "reason" bitcoin has to be valued high, it's just up to what folks are willing to pay for it. Folks are just gambling that the long term value is high.
so we agree that bitcoin have value. Good.

now 12.5 million coins (give or take a few) for 6/7 billion earthlings = scarcity

according to the of economics, this makes bitcoin rare and therefore valuable. How valuable will depend on its ubiquity.

Scarcity does not, by itself, mean something will be valuable.  It must also be desirable, and that is rather hard to predict.
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April 29, 2014, 08:25:31 AM
 #32945

I hate to be the one to break the news to you fellas, but bitcoin @ $1 is just as useful as bitcoin @ $400.

True for small transactions, however...

With Bitcoin at $1 it would be impossible to transfer $22 million in value, because there aren't enough bitcoins. The higher value bitcoin is in fiat, the larger a transaction can be.

Another example: a wealthy person wants to store $22 million or more of their wealth in bitcoin. Couldn't be done with bitcoin at $1. The higher value bitcoin is in fiat, the more wealth we can store in bitcoin.

Same thing for 22 million people each trying to store $1 of wealth in bitcoin.  Or 220 million people trying to store $0.1 of wealth in bitcoin, etc. Couldn't be done with bitcoin at $1.

The utility of bitcoin to the world as a whole rises as its fiat value per coin rises.  We need bitcoins to be worth a lot (say $100k to $1m+) per coin to be useful to the world's population because there are so few coins (only ever 21 million will be made).

well stated. many bitcoiners do not understand this and think that people who talk about btc price rising are greedy. adoption rate and price are connected.
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April 29, 2014, 08:32:20 AM
 #32946

This is the 10th business day and i still don't have my refund.

KNC PLEASE STOP HOLDING MY MONEY AND SEND ME MY ENTITLED REFUND!!!

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
The Avenger
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April 29, 2014, 08:46:57 AM
 #32947

Ha ha ha. Many people placed an order with KNC because they had a good track record last year.

With Frankenjup, KNC have destroyed their reputation. Now they are handing out free mining gear, after probably 95% of people have refunded. So what is that - 10 free rigs? Cheap bastards AND reputation in tatters.

http://www.myinstants.com/instant/the-simpsons-nelsons-ha-ha/

P.S. Don't forget KNC have said they are hoping to set up 2 more datorhall's, pretty much as soon as they can. So you'd have to assume they are waiting for Neptune to be ready and then they will build them asap. So those who don't think the difficulty will sky-rocket are fooling themselves. And those who get later batch Neptunes are screwed, regardless if you get one or two. I'd say things are getting desperate at KFC when they are offering free hardware. Please press the above button one more time

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April 29, 2014, 08:52:25 AM
 #32948

This is the 10th business day and i still don't have my refund.

KNC PLEASE STOP HOLDING MY MONEY AND SEND ME MY ENTITLED REFUND!!!
I bet you, they will release the funds quite soon after the sp30 groupbuy has ended. If anyone claims to receive the refund within an acceptable timeframe, everyone of their "customers" will desert them.

The Neptune isn´t too impressive, as it will probably not get better power efficiency than 0,8W/GH and in a 4 u formfactor.



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April 29, 2014, 08:57:28 AM
 #32949

Press release:

Quote
STOCKHOLM, DATE, 2014 — KnCMiner (https://www.kncminer.com/), the most trusted brand in Bitcoin mining, announced today that it will give every current customer who has an outstanding order for a machine from its Neptune line’s first two batches a free Neptune from its upcoming “third batch” of Neptunes. This represents a $5,995 value and, perhaps more importantly, will provide KnCMiner’s most loyal customers with twice the hashing power they would have otherwise received with just one of these machines.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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April 29, 2014, 09:04:42 AM
 #32950

Press release:

Quote
STOCKHOLM, DATE, 2014 — KnCMiner (https://www.kncminer.com/), the most trusted brand in Bitcoin mining, announced today that it will give every current customer who has an outstanding order for a machine from its Neptune line’s first two batches a free Neptune from its upcoming “third batch” of Neptunes. This represents a $5,995 value and, perhaps more importantly, will provide KnCMiner’s most loyal customers with twice the hashing power they would have otherwise received with just one of these ridiculously overpriced machines.

KNC fanboy Wink

+ FTFY

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April 29, 2014, 09:09:07 AM
 #32951

Press release:

Quote
STOCKHOLM, DATE, 2014 — KnCMiner (https://www.kncminer.com/), the most trusted brand in Bitcoin mining, announced today that it will give every current customer who has an outstanding order for a machine from its Neptune line’s first two batches a free Neptune from its upcoming “third batch” of Neptunes. This represents a $5,995 value and, perhaps more importantly, will provide KnCMiner’s most loyal customers with twice the hashing power they would have otherwise received with just one of these machines.

KNC fanboy Wink


hehehe, you wish! just posting a press release.   Roll Eyes
and for fear of being called a shill and a troll, I won't post that Spondoolies group buy (~6.5TH/s) is still $1k cheaper than the
Quote
$5,995 'value'
.

/s

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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April 29, 2014, 09:11:17 AM
 #32952

This is the 10th business day and i still don't have my refund.

KNC PLEASE STOP HOLDING MY MONEY AND SEND ME MY ENTITLED REFUND!!!

Quote
Hello,

It usually takes about 10 business days for finance department to issue refund.
However, it might take a bit longer in case if finance department is loaded with work.
Please do not hesitate in contacting us if you have further questions.

Poor Natalie. She is like a robot. I got the same mail 4 times now.


KNC PLEASE STOP HOLDING MY MONEY AND SEND ME MY ENTITLED REFUND!!!

I think i will just ask them until they refund me.

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
The Avenger
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April 29, 2014, 09:27:52 AM
 #32953

Press release:

Quote
STOCKHOLM, DATE, 2014 — KnCMiner (https://www.kncminer.com/), the most trusted brand in Bitcoin mining


While I'm at it - they have some cheek making that claim after the shipping disaster known as Franken-Pile-O-Crapper. I think the bigger liars in Bitcoin mining is more appropriate (think datorhall & not more than 5%).

There is now lot's of proof that KNC do Micky Mouse engineering and have continued to ship faulty goods. While the die0 problems are all but forgotten, let's not forget it entirely. That way, you won't be too surprised when knc fuck up Neptune. The only good rigs they shipped were Nov Jupiters and that is because they had over 7 weeks to perfect it.

I pity the customer humiliation batch customers, because it's new tech and KNC can easily fuck it up too. Those who get the KNC freebie rig will probably find it brings their total hashrate up to 4.4TH - 1.3TH customer humiliation batch rig and 3.1TH freebie rig 3 months later Grin

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April 29, 2014, 09:29:49 AM
 #32954

Press release:

Quote
STOCKHOLM, DATE, 2014 — KnCMiner (https://www.kncminer.com/), the most trusted brand in Bitcoin mining


While I'm at it - they have some cheek making that claim after the shipping disaster known as Franken-Pile-O-Crapper. I think the bigger liars in Bitcoin mining is more appropriate (think datorhall).

There is now lot's of proof that KNC do Micky Mouse engineering and have continued to ship faulty goods. While the die0 problems are all but forgotten, let's not forget it entirely. That way, you won't be too surprised when knc fuck up Neptune. The only good rigs they shipped were Nov Jupiters and that is because they had over 7 weeks to perfect it.

I pity the customer humiliation batch customers, because it's new tech and KNC can easily fuck it up too. Those who get the KNC freebie rig will probably find it brings their total hashrate up to 4.4TH - 1.3TH customer humiliation batch rig and 3.1TH freebie rig 3 months later  Grin

self-serving propoganda - but perhaps they are going by dogie's review thread (which is in itself, self-serving propoganda) - no offence to dogie but he really should be considering recent events more, in the case of all manufacturers.

ADD: Note of caution to 'loyal' KnC customers - please make sure your phase is safe for and extra 4.2kw if you are mining this at home.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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April 29, 2014, 09:59:04 AM
 #32955

There is now lot's of proof that KNC do Micky Mouse engineering
Got to x-post this from knc forum, in case you think I was being harsh in comment above:

http://forum.kncminer.com/forum/main-category/hardware/36790-got-delivery-of-the-super-jupiters-wtf-knc?p=38260#post38260

And I quote:
Quote
Today, 04:15 AM
As requested here are pictures of the "solution" from KnC how to hold the heatsinks in place on the ASIC boards. They used a simple wire which was going around the heatsink and through the holes of the ASIC board and tied on the bottom. The heatsinks moved a bit during the transport, but not to the extent that the boards got damaged, at least no parts were falling out of the boxes. I haven't had time to test the boards yet, but will do later this week.





MacGyver's favourite - a bit of tying wire!

I hope KNC also ship a free penknife with Neptune Cheesy

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April 29, 2014, 10:01:28 AM
 #32956

There is now lot's of proof that KNC do Micky Mouse engineering
Got to x-post this from knc forum, in case you think I was being harsh in comment above:


Quote
Today, 04:15 AM
As requested here are pictures of the "solution" from KnC how to hold the heatsinks in place on the ASIC boards. They used a simple wire which was going around the heatsink and through the holes of the ASIC board and tied on the bottom. The heatsinks moved a bit during the transport, but not to the extent that the boards got damaged, at least no parts were falling out of the boxes. I haven't had time to test the boards yet, but will do later this week.

MacGyver's favourite - a bit of tying wire!

I hope KNC also ship a free penknife with Neptune Cheesy

That's a new low. Ship something that you say it's worth $10k and hold things in place with wires...


DO NOT ORDER ANYTHING FROM KNC EVER! THEY ARE HOLDING MY ENTITLED REFUND FOR ALMOST 3 WEEKS NOW!

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
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April 29, 2014, 10:02:02 AM
 #32957

There is now lot's of proof that KNC do Micky Mouse engineering
Got to x-post this from knc forum, in case you think I was being harsh in comment above:


Quote
Today, 04:15 AM
As requested here are pictures of the "solution" from KnC how to hold the heatsinks in place on the ASIC boards. They used a simple wire which was going around the heatsink and through the holes of the ASIC board and tied on the bottom. The heatsinks moved a bit during the transport, but not to the extent that the boards got damaged, at least no parts were falling out of the boxes. I haven't had time to test the boards yet, but will do later this week.

MacGyver's favourite - a bit of tying wire!

I hope KNC also ship a free penknife with Neptune Cheesy

That's a new low. Ship something that you say it's worth $10k and hold things in place with wires...

you'll note it's not actually holding it in place, the heatsink has slipped.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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April 29, 2014, 11:11:16 AM
 #32958

I think that i managed to get my e-mail blocked by knc support system after flooding them with e-mail asking them when will they refund me.

I know that they are reading this and i do know that they are holding my refund in order to not get into my Group Buy, but that would be very stupid since sending the money today i will only get them on friday or next week. Don't worry knc i can make plenty of free emails to start flooding you with the same question:

WHEN WILL YOU REFUND ME???

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
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April 29, 2014, 11:54:44 AM
 #32959

This is the 10th business day and i still don't have my refund.

KNC PLEASE STOP HOLDING MY MONEY AND SEND ME MY ENTITLED REFUND!!!

KNC does not read this forum,

Get off your lazy ass and pick up a phone and call them and stop yelling about your refund here.

Geez

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April 29, 2014, 11:56:35 AM
 #32960

I think that i managed to get my e-mail blocked by knc support system after flooding them with e-mail asking them when will they refund me.

I know that they are reading this and i do know that they are holding my refund in order to not get into my Group Buy, but that would be very stupid since sending the money today i will only get them on friday or next week. Don't worry knc i can make plenty of free emails to start flooding you with the same question:

WHEN WILL YOU REFUND ME???

I sometimes fantasize about going with the most vocal people here together as a group to the KNC offices in Stockholm to confront them. Even stage a strike in front of their offices with banners and megaphones.
I bet then they will notice us and start acting accordingly.
I have been waiting for my refund since 4th April.

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