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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008355 times)
poodle63
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May 20, 2014, 05:24:23 AM
 #33981

There's one possibility nobody talked about :
KNC produces
I think they will ship on time too,
You can bet, look at my signature.

They aleready have them 2 months ago, just many degrade chipsets, performance is not meet what their claims, the thing you talk about is 100% possible, they gone evile already.

But, once they did this way, virtual currrency also crake down at the same time while they claim to refound all preorders, and who lost more, deftaney not us.

Also, if they do refound, then we just lost interesting, the worsest situration is they don't even plan to refound~  

guess why, 1 batch of 20nm or 28nm wafers, needs at least 30k usd to run, so this is also why they decided to held a data center to mine, too much too lose, ad guess why they change, in the beginning they just want to keep reputation, so not willing to ship degrade chip to customer, but later they found they hoard even more  compare to ship goods, so they changed mind to hold chipsets just mine and depanse, and following story is Spada 400's and 3000 Tity.

And end of the story, every one die except Swedish farmers, what a story happened 2000 years ago in spring gate.



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May 20, 2014, 07:40:45 AM
 #33982

you have to wait until they mine your refund...
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May 20, 2014, 09:05:27 AM
 #33983

speaking of which - now into the 2nd week of 'a few days' waiting for a BTC refund.

only 5 weeks since initial request...

You are not alone.
I wait now 42 day´s and
changed since 2 weeks to BTC refund  Angry

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May 20, 2014, 09:07:19 AM
 #33984

speaking of which - now into the 2nd week of 'a few days' waiting for a BTC refund.

only 5 weeks since initial request...

You are not alone.
I wait now 42 day´s and
changed since 2 weeks to BTC refund  Angry



perhaps as long as competitors sell their hardware, KfC will hold your money hostage.

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May 20, 2014, 10:56:19 AM
 #33985

Say that again when quantum appears one day.

Done! Only $15m price tag. Should break-even by doomsday Cheesy

http://www.bbc.co.uk/news/science-environment-27264552

"I am not The Avenger"
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May 20, 2014, 10:58:24 AM
 #33986

Say that again when quantum appears one day.

Done! Only $15m price tag. Should breakeven by doomsday Cheesy

http://www.bbc.co.uk/news/science-environment-27264552

how much for an hour's rental mining X11?

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May 20, 2014, 11:03:39 AM
 #33987

I WANT TO REFUND MY BROKEN SUPER CRAPITER

BTC:1B3GN2WRQ6LBk9PcuZxoXevhty8sTgVrxn  <-------ONLY DEPOSIT TO THIS ADDRESS
LIMITED INTERNET ACCESS UNTIL 21st NOVEMBER
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May 20, 2014, 11:28:12 AM
 #33988

There is no long term in btc mining land.  Usefullness of products are now 90 days or less.  We are less than 60 days away from when manufacturers cant even make machines that are profitable to use minus electricity, mining will be a hobby by then.

^^ This ^^

I'm continually stunned when I read things like this (paraphrased for emphasis)... "Oh but KNC are the best! I may have to wait 3 more months for the same amount of THs at a higher price. But my machine will run for 10 years."

And when that machine does finally arrive, it won't even pay for the electricity it uses after the previous 8 or 9 difficulty jumps.

Well at least by then the weather will have started to cool down and you can use your Neptunes as supplemental heat while I struggle to keep my house below 85f during the summer months.  Cry

When people get their FREE Neptune in Sept and diff is 30 B it will ROI $500

Remember the FREE Neptune's for the B1 and B2 owners are going to be from the 3rd batch. And just like KNC has said from day one with all their Neptune batches.

"Minimum 3000GH/s of hashing speed that 3TH Over 5 times the speed of our first Jupiter release (we reserve the right to increase this as we get closer to shipment)"

Smiley
With that in mind, it will be interesting to see what the actual hashrate of Neptune ends up being.

I agree, and think that people who get on her to say 3TH/s "WHAT!!!" that's too low! Should STOP IT, and go read the print because it there for you to read. LOL
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May 20, 2014, 11:37:26 AM
 #33989

I've been following this thread for some time now.  And there isn't much talk about Titans.

I'm planning to buy one, can anyone give some more insight?

The simpliest way to look at it is there is no refunds for Titan. You are basically giving your money to KNC to do whatever they want with it and you cannot get it back. That's a phenomenal risk to take.

If there are delays, then you have no way to get your money back. If they don't ship it until 2016, then there is nothing you can do.

There are already companies shipping asic scrypt miner. Take a look at their offerings. 300gh might look tempting, but not if you get it in 2016. It'll be worthless.

Think this is impossible? BFL have done this multiple times and KNC are very close friends with BFL. I'm sure KNC have being exploring the legality of missing their stated deadlines, so they probably know they can get away with it if their T&C's are worded correctly. The solution with Neptune is to offer datacentre hashrate rather than the actual goods, so they can legally maintain the customer is not losing out.

If you've kept up with this thread, it should be very obvious KNC are not a trustworthy company. You have seen the pictures of those shitty Frankenjups KNC shipped, right? And how they dealt with people, pulling out bits from their T&C's to insist they own no one anything. Many people still haven't got 3TH yet and KNC's 90 day warranty for Frankenjups is getting closer to expiring! What then??

Also remember - scrypt coins are not bitcoin. In Q3, doge could be dead and gone. Litecoin difficulty will be sky high. It's a massive gamble to lay down $10k - the same price as a btc miner - to mine coins worth only a fraction of btc value. People's trust is in Bitcoin - scrypt coins - not so much.

I say Q3 but Q4/2015/2016 are quite possible shipping dates too. If you buy into a "no refunds" product, you have to wait. KNC don't care if you make a profit. They are only interested in taking your money, fulfilling the bare minimum of their obligations and then telling you to fuck off. KNC will make sure they benefit from their technology before you do, it's obvious from building their ASIC datacentre.

In short, KNC have shown nothing but contempt for customers since last October. This year they reach new all time high of deviousness and greed. I would say it's total insanity to order a Titanic from them. They have screwed EVERY SINGLE one of their customers - new and old - with the datacentre. They are competing against the people who gave them the money to exist. The datacenter ensures that Neptune customers are going to get a very poor return on their investment.

That makes them completely untrustworthy. Your money will go to building them a scrypt mining datacentre. You will probably get a product sometime in the future, but most likely when it's no longer profitable.

And your calculations of making your money back in a month are just wrong. There is no way you can make any realistic calculation on what 300gh will be earning in September and September is best case scenario. You need to factor in you are dealing with greedy fraudsters, so September needs to become December or January or April 2015, as a factor of safety. And there is no way you can estimate what earnings will be then.

No one can stop you from buying a Titanic. Maybe KNC will ship it in two weeks and you'll earn a kazillion dollars. I'll leave it to others to convince you how great a Titanic is and how rich you will become. But from my experience of KNC and seeing how they have acted since last October, my feeling is anyone investing in it will lose and only KNC will win. It's their business, they have your money and you have zero power or rights in the deal. Caveat emptor and all that shit.

"I am not The Avenger"
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May 20, 2014, 01:02:48 PM
 #33990

I've been following this thread for some time now.  And there isn't much talk about Titans.

I'm planning to buy one, can anyone give some more insight?

All I'm seeing here is that ''It might ship broken'' ''It'll die in 4 months from heat''

As far as sending them a bank transfer of $10K, I'll be risking that along with will the machine even work  Sad

Someone stop me before I do it or someone give me a push to do it is what I'm looking for.

With the current rate of Doge or Lite coin.  Let's say I get $400 / 300/MHS that's $12K a month. I'll make it back in a month. Or am I walking into a scam right now.

I would strongly discourage you from buying a Titan.  The likelihood of you losing a lot of money is very high. 

First of all, just think about it.  You're paying $10k.  That's 2-3x as much as a high end bitcoin miner to hash for coins worth a fraction of the value.  Right now, the bitcoin hashrate is 75,256,195 GH/s.  The litcoin hashrate is only 237,224 MH/s. You can already buy a Gridseed blade and hash at over 5MH for less than a $1000.  That's why the difficulty is rising so fast, and will continue to do so.    KnC is a very smart company as you can see from this thread.  When they complete the first Titan units they will mine with those 300MH units before they are shipped sending the difficulty through the roof.  They're selling (or sold) 2500 first batch units.  Those units by themselves will TRIPLE the current litecoin hashrate. 

That's why the Titan has a strict no refund policy.  With the scrypt asics already proliferating it's very possible these machines won't get a + ROI by the time they are released.  And when the first of these units comes online, the rest of the units will depreciate so fast it will make bitcoin mining look good by comparison
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May 20, 2014, 01:06:02 PM
 #33991

The Avenger > respect for your words!
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May 20, 2014, 01:10:03 PM
 #33992

Bit of a circle jerk going on in here again …

Audentes fortuna iuvat
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May 20, 2014, 01:14:15 PM
 #33993

I've been following this thread for some time now.  And there isn't much talk about Titans.

I'm planning to buy one, can anyone give some more insight?

All I'm seeing here is that ''It might ship broken'' ''It'll die in 4 months from heat''

As far as sending them a bank transfer of $10K, I'll be risking that along with will the machine even work  Sad

Someone stop me before I do it or someone give me a push to do it is what I'm looking for.

With the current rate of Doge or Lite coin.  Let's say I get $400 / 300/MHS that's $12K a month. I'll make it back in a month. Or am I walking into a scam right now.

I would strongly discourage you from buying a Titan.  The likelihood of you losing a lot of money is very high.  



Make short, they may be don't have scrypt miner chip by their own yet, they may be just buying from other company, and start to mining already, and as some one wrote in this thread, they may  be won't ship any thing until they decide to release a refund to every preorder business mate who contribute their mining farm~  

But they might ship you miner with sweet spec that they claim on 14/5 news, with in 2 weeks, then I would say only coagulation you~~



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May 20, 2014, 02:57:06 PM
 #33994



.ps next round of BTC refunds incomming. Peace Wink
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May 20, 2014, 03:38:19 PM
 #33995



.ps next round of BTC refunds incoming. Peace Wink


Cool, more Neptune miners for me then! Cheesy
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May 20, 2014, 03:40:47 PM
 #33996

https://dl.dropboxusercontent.com/u/28686048/smile/tweak.gif

.ps next round of BTC refunds incoming. Peace Wink


Cool, more Neptune miners for me then! Cheesy


i'll check in with you at christmas time and find out how they are   Cheesy


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May 20, 2014, 03:52:03 PM
 #33997

https://dl.dropboxusercontent.com/u/28686048/smile/tweak.gif

.ps next round of BTC refunds incoming. Peace Wink


Cool, more Neptune miners for me then! Cheesy


i'll check in with you at christmas time and find out how they are   Cheesy



I think you are getting ahead of yourself, June and August are the expected shipping dates! Oh and I should mention again KNC's own words (if anyone actually has paid attention - Minimum 3000GH/s of hashing speed that 3TH Over 5 times the speed of our first Jupiter release (we reserve the right to increase this as we get closer to shipment)"

So you're welcome to back at Christmas time!
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May 20, 2014, 03:53:02 PM
 #33998

https://dl.dropboxusercontent.com/u/28686048/smile/tweak.gif

.ps next round of BTC refunds incoming. Peace Wink


Cool, more Neptune miners for me then! Cheesy


i'll check in with you at christmas time and find out how they are   Cheesy



I think you are getting ahead of yourself, June and August are the expected shipping dates! Oh and I should mention again KNC's own words (if anyone actually has paid attention - Minimum 3000GH/s of hashing speed that 3TH Over 5 times the speed of our first Jupiter release (we reserve the right to increase this as we get closer to shipment)"

So you're welcome to back at Christmas time!

damn. busted. OK, i'll roll back to September, but that's my final offer.  Tongue

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May 20, 2014, 04:39:45 PM
 #33999

Time for me to chime in.

I placed an order on Dec. 5th for a Neptune, and paid BTC11.7595 for it. On May 7th, I asked for a BTC refund VIA email, and got a quick reply from KNC stating that they would begin the refund process. I exchanged a few more emails with them between the 7th and the 12th, and on the 13th I was refunded BTC29.2039.

Overall, I could not be happier with my experience. The whole thing was painless, and I made a lot more BTC than I would have by mining with the hardware. I see it as a very high interest loan to KNC.
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May 20, 2014, 04:43:27 PM
 #34000

Time for me to chime in.

I placed an order on Dec. 5th for a Neptune, and paid BTC11.7595 for it. On May 7th, I asked for a BTC refund VIA email, and got a quick reply from KNC stating that they would begin the refund process. I exchanged a few more emails with them between the 7th and the 12th, and on the 13th I was refunded BTC29.2039.

Overall, I could not be happier with my experience. The whole thing was painless, and I made a lot more BTC than I would have by mining with the hardware. I see it as a very high interest loan to KNC.

Congrats.  Good deal
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