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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006873 times)
RoadStress
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June 24, 2014, 06:45:59 AM
 #35781

Everyone knows the secret to earning bitcoins is by pimping spondoolies hardware.

PS: use my affiliate link (1000% roi guaranteed)

Correction. Use my affiliate link and I will donate a percent of the hashrate bought.

Also a pretty weak reply to my view of seeing things. The way I see your reply after my analyze is like a caveman with a bat in his hand smashing things while someone explains him how stuff works.

Oh, and you still have to pay for power and rewiring your house.

No you don't if you colocate your unit: https://bitcointalk.org/index.php?topic=622998.0

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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June 24, 2014, 06:49:38 AM
 #35782

If Sam Arsecole keep increasing his hashrate, Bitcoin will loose it creditbility and price will fall.
Good job Sam arsehole.

Bigger hashrate is good, lying own customers is bad.

That sam arsehole, is a man of no dignity, he promised not to mine over 5% of the customers hash rate, and now he is not honoring the refunds that were promise, he is a thief.

We should organize, we should not let this crooks get away, they have stole millions from miners like you and me.
he sold used junk as new.

He is pure filth, he could sell his mother if he could, a perfect example of pure greed and evil.
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June 24, 2014, 06:51:26 AM
 #35783

No you don't if you colocate your unit: https://bitcointalk.org/index.php?topic=622998.0


With expensive hosting (>$0.1/kwh) how can miners who buy overpriced hardware possibly compete with mining operations like datatank with much cheaper hardware and hosting costs less than $0.025/kwh?
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June 24, 2014, 06:57:26 AM
 #35784


you missed the part where they built a massive 'datorhall' with intent to build two more, then?  Cheesy


Anyone have source on this?

They're really f*cking the customers well
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June 24, 2014, 07:04:40 AM
 #35785

No you don't if you colocate your unit: https://bitcointalk.org/index.php?topic=622998.0


With expensive hosting (>$0.1/kwh) how can miners who buy overpriced hardware possibly compete with mining operations like datatank with much cheaper hardware and hosting costs less than $0.025/kwh?
The hosting isn´t expensive, (some of it) is a good rate for such high density deployments.

At first glance it might be expensive compared to running your miner at home, but even @home you need to factor in the used space, one-time expenses like AC, etc.
Finally, deploying at home scales much less easily.

The reason why you buy expensive hardware is because datatank isn´t around yet with a deployed mine, therefore there is no pressure for miners to look for maximized efficiency.

While DataTank might have 10MW online in 3-6months, it will be only a very small percentage of the network, still enabling less efficient (in terms of OpCost) miners to profit.

I am all for DataTank, as it seems to be a no-brainer with such low operational cost and a modular DC design.
It is an investment though, and the infrastructure (aka DataTank) will need around 9 months to break even with an aircooled device. After that you can REAP profits though, no doubt about it.



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June 24, 2014, 07:09:18 AM
 #35786


you missed the part where they built a massive 'datorhall' with intent to build two more, then?  Cheesy


Anyone have source on this?

They're really f*cking the customers well
It seems like the logical next step to me.

However, it doesn´t really matter who deploys the massive DCs (except for the few remaining KNC customers who rightfully feel betrayed).

Fact is, there will be much more big deployment in the future, both with Bitfury, Asicminer and KNC devices.

Asicminer needs to sell in order to get NRE back, Bitfury and KNC should be swimming in money, but still they can make more.

Isn´t this the normal course of things?



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June 24, 2014, 07:15:56 AM
 #35787


you missed the part where they built a massive 'datorhall' with intent to build two more, then?  Cheesy


Anyone have source on this?

They're really f*cking the customers well
It seems like the logical next step to me.

However, it doesn´t really matter who deploys the massive DCs (except for the few remaining KNC customers who rightfully feel betrayed).

Fact is, there will be much more big deployment in the future, both with Bitfury, Asicminer and KNC devices.

Asicminer needs to sell in order to get NRE back, Bitfury and KNC should be swimming in money, but still they can make more.

Isn´t this the normal course of things?

it is, and it was inevitable, it confuses me to see folk running around with their hands in the air wailing 'difficulty! difficulty!'
what did we expect to happen?

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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June 24, 2014, 07:54:57 AM
 #35788


you missed the part where they built a massive 'datorhall' with intent to build two more, then?  Cheesy


Anyone have source on this?

They're really f*cking the customers well


I think it was this:

KnC Enters Cloud Mining Services

The new data center marks KnC’s entry into cloud mining services. It’s the latest in a series of bitcoin companies to announce the establishment of multi-megawatt data centers for Bitcoin mining – the term for using data-crunching computers to earn newly-issued virtually currency. Like hyperscale computing companies such as Facebook, Bitcoin companies are chasing cheap power to improve the profitability of running their power-hungry rigs.

“We searched all over the world for a suitable place to build the first of many of our own mega data centers, and to find the best location lying right here in our home country is fantastic,” said Sam Cole, one of the co-founders at KnC Miner. “Our highly advanced technology consumes a lot of energy, so for us it was imminent to find a production site with access to renewable yet stable and safe energy. We have had an incredible amount of support from The Node Pole representatives, local companies and the government here in Boden.”

The Node Pole initiative seeks to market Sweden as a destination for data center development, leveraging the region’s abundance of stable and competitively priced electricity from renewable energy.

KnC Miner started construction last week, but expects it to be fully operational already within the next few months. Representatives of the Node Pole said that KnC is “already in discussions with local authorities regarding the establishment of even larger facilities in the local area already later this spring.”

source:
http://www.datacenterknowledge.com/archives/2014/02/06/bitcoin-miners-building-10-megawatt-data-center-sweden/

-- so they are not really busy building our miners.....  They are working in a formal helicopter hangar for their own business.

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June 24, 2014, 08:19:21 AM
 #35789


perhaps it's not the miner which is a bad deal, but how the buyer uses it.


I have $5095

Option A: buy 8.5 bitcoin today

Option B: buy a 6 TH/s miner with delivery in september that will mine back in its lifetime less than 5 bitcoin (and thats assuming it is delivered beginning of september). Oh, and you still have to pay for power and rewiring your house.

Please do enlighten us all and tell us how a buyer could go for option B and possibly be better off than option A? What is your magic secret?

there is no magic secret. i am no longer mining bitcoin (Option C)   Wink
ADD: your circuit must be very old if you are needing to rewire your home for 2500W
Everyone knows the secret to earning bitcoins is by pimping spondoolies hardware.

PS: use my affiliate link (1000% roi guaranteed)
ADD: and it's nothing to do with reselling. I am mining, just not bitcoin.

Shush!  Wink
The Avenger
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June 24, 2014, 08:21:01 AM
 #35790

I think they must be burning in everyone's Neptunes before shipping next week.  Holy shit!  That is a bunch of new Hash power hooked up to the network.

That's the most likely explanation, especially since the number fluctuates both up AND down (currently 6%). At least, I EXPECT them to do a 24-48 hour burn-in on the boards before shipping them to me.

You guys are too trusting.

There are two options here:
1. KNC are building their own new datorhall(s) first and mining the shit out of it.
2. They are burning in customer rigs. If they are burning in customers rig, HOW COME THEY AREN'T MINING TO THE CUSTOMERS BITCOIN ADDRESS?? KNC are mining to their own address and have stolen probably half a million dollars worth of customers bitcoins mined on customers machines over the weekend and pocketed it themselves.


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June 24, 2014, 08:58:01 AM
 #35791

Hello
I have a question?
Is Neptune is marked with the CE mark and if so, what is the number?
Is it arrived Declaration of Conformity?
Please reply
Regards
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June 24, 2014, 09:00:06 AM
 #35792

Hello
I have a question?
Is Neptune is marked with the CE?
Is it arrived Declaration of Conformity?
Please reply
Regards
It should be, as it is produced in the EU....

Also there is no inspection of the parcel by customs, as it is shipped within the EU, so it doesn´t really matter.



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The Avenger
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June 24, 2014, 09:23:11 AM
 #35793

Hello
I have a question?
Is Neptune is marked with the CE mark and if so, what is the number?
Is it arrived Declaration of Conformity?
Please reply
Regards
No, KNC do not get their rigs CE certified.

It takes 2-3 days (source http://cointerra.com/update-prototype-testing-completed-certification-production-week/).

KNC always say their customers demand they ship immediately, which gives them the excuse to cut corners and avoid getting any European certification to prove their rigs are actually safe.

They did not burn-in October Jupiters at all and shipped many faulty rigs.

Ask Elenelen - I guarantee their is no CE mark.

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June 24, 2014, 09:24:53 AM
 #35794

That sam arsehole, is a man of no dignity, he promised not to mine over 5% of the customers hash rate, and now he is not honoring the refunds that were promise, he is a thief.
We should organize, we should not let this crooks get away, they have stole millions from miners like you and me.
he sold used junk as new.
He is pure filth, he could sell his mother if he could, a perfect example of pure greed and evil.

Unfortunately there isn't much that we can do at this stage. Even at earlier stages the only thing that we could do is not pre-order the Neptune. If you are more inspired than me and think that there is something real and valid that we could do please share, but think of it if it's viable or not first.

With expensive hosting (>$0.1/kwh) how can miners who buy overpriced hardware possibly compete with mining operations like datatank with much cheaper hardware and hosting costs less than $0.025/kwh?
The hosting isn´t expensive, (some of it) is a good rate for such high density deployments.

At first glance it might be expensive compared to running your miner at home, but even @home you need to factor in the used space, one-time expenses like AC, etc.
Finally, deploying at home scales much less easily.

The reason why you buy expensive hardware is because datatank isn´t around yet with a deployed mine, therefore there is no pressure for miners to look for maximized efficiency.

While DataTank might have 10MW online in 3-6months, it will be only a very small percentage of the network, still enabling less efficient (in terms of OpCost) miners to profit.

What I like about jimmothy is that he keeps trying to find arguments in favor of his(AM) inefficient chips. And he contradicts himself a lot by doing that. There are posts of his where he bashes SP-Tech for the pre-orders, but now he is pro DataTank which will deploy in 3-6 months. Other times he is saying that power costs over 0.1$/kwh are high, but he also expects that the bulky and inefficient rockminers will be sold mostly to home users that must pay at least 0.1$/kwh for the power hungry miners.

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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June 24, 2014, 09:25:54 AM
 #35795

The law says clearly:

If the product is subject to even one new approach directives, without the CE marking can not be placed on the market or use in the European Union.

In my opinion KnC has no right to perform some of Neptune to turnover inside the EU.
The Avenger
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June 24, 2014, 09:28:07 AM
 #35796

The law says clearly:

If the product is subject to even one new approach directives, without the CE marking can not be placed on the market or use in the European Union.

In my opinion KnC has no right to perform some of Neptune to turnover inside the EU.
I estimated KNC shipped about 12000 Jupiters last year
https://bitcointalk.org/index.php?topic=170332.msg7079650;topicseen#msg7079650

and not a single one had any CE mark/certification or any other compliance.

Plenty of people asked about this last September/October, but it's the Wild West in Sweden - knc don't care.

For a device that is going to be running with such a massive power draw, this is quite worrying.

"I am not The Avenger"
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xstr8guy
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June 24, 2014, 09:31:12 AM
 #35797

Hello
I have a question?
Is Neptune is marked with the CE mark and if so, what is the number?
Is it arrived Declaration of Conformity?
Please reply
Regards

Do people really care if mining devices are marked with various government codes or is it just trolling. Are some countries really that finicky about such things? I received some pretty dodgy shit in the US from foreign countries and have never had a single issue.
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June 24, 2014, 09:31:42 AM
 #35798

They don´t care because it isn´t usually checked within the EU.
Customs usually only checks incoming parcels from outside, and only some of them.

As the ce marking is a selfdeclaration anyway, it doesn´t necessarily mean the product doesn´t comply with the standard, they just didn´t print the logo.

IF you want to, you can try and take them to court over it, but i doubt there would be any payment awarded to you, as there is no damage from it (if it doesn´t burn your EU house down, that is)



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June 24, 2014, 09:34:08 AM
 #35799

Ok, thanks for the information ..
Rights always have to follow ..
We'll see .....................
Regards
xstr8guy
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June 24, 2014, 09:34:39 AM
 #35800

Hello
I have a question?
Is Neptune is marked with the CE mark and if so, what is the number?
Is it arrived Declaration of Conformity?
Please reply
Regards
No, KNC do not get their rigs CE certified.

It takes 2-3 days (source http://cointerra.com/update-prototype-testing-completed-certification-production-week/).

KNC always say their customers demand they ship immediately, which gives them the excuse to cut corners and avoid getting any European certification to prove their rigs are actually safe.

They did not burn-in October Jupiters at all and shipped many faulty rigs.

Ask Elenelen - I guarantee their is no CE mark.

My October unit was "burned in" to my BTCGuild address for a short time before shipping.
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