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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007408 times)
s1gs3gv
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September 01, 2014, 01:40:17 PM
 #37481

What makes you think that some of us aren't massively profiting from these price drops?

What makes you think I don't ?
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s1gs3gv
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September 01, 2014, 01:41:43 PM
 #37482

As to who offers:  Bitfinex, BTC.sx, PLus500, and others I'm sure.

Didn't Bitfinex experience some issues with slippage on a recent short squeeze ?

Thin markets are damned risky to be short - this isn't a strategy I would recommend to the inexperienced ...
nightengale
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September 01, 2014, 01:52:40 PM
 #37483

According to KnC twitter, Titan chips are back.
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September 01, 2014, 02:04:11 PM
 #37484

https://twitter.com/kncminer/status/506428438539165697/photo/1
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September 01, 2014, 02:43:19 PM
 #37485

So, may be KNC would like to convert physical miner to cloud miner for whom on the waiting list, am I day drameing again?



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pedrosoft
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September 01, 2014, 04:19:29 PM
 #37486


I think that knc is going crazy. Concracts are too expensive and for a limited time !


https://www.kncminer.com/products/1ths-of-bitcoin-mining-for-6-months
dekodoge
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September 01, 2014, 04:24:00 PM
 #37487


I think that knc is going crazy. Concracts are too expensive and for a limited time !


https://www.kncminer.com/products/1ths-of-bitcoin-mining-for-6-months

How the fuck will that ROI? (edited)
pedrosoft
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September 01, 2014, 04:25:13 PM
 #37488


I think that knc is going crazy. Concracts are too expensive and for a limited time !


https://www.kncminer.com/products/1ths-of-bitcoin-mining-for-6-months

How the fuck with that ROI?


4 bitcoins for 1 tera/hash for only 6 months. I think that ROI (with all calculators) is impossible
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September 01, 2014, 04:43:15 PM
 #37489

As predict, bitcoin might ramp again over 1000usd by Q4 or next January, 4 bitcoin will worth 4000usd, then with in 4 months, that will double investment again, but that's kind of gambaling.



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pedrosoft
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September 01, 2014, 04:45:53 PM
 #37490

As predict, bitcoin might ramp again over 1000usd by Q4 or next January, 4 bitcoin will worth 4000usd, then with in 4 months, that will double investment again, but that's kind of gambaling.

in that case it's better buy and hold.

If you decide to buy this service I think you should use fiat
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September 01, 2014, 05:28:30 PM
 #37491


I think that knc is going crazy. Concracts are too expensive and for a limited time !


https://www.kncminer.com/products/1ths-of-bitcoin-mining-for-6-months

On the same day bitmain announce 1TH cloud mining for $772 + $3.24 per day maintenance ($1,345 for 6 months, no expiry but probably won't be viable much longer anyway, and this is probably a -ROI deal)

Good timing KNC Smiley

aerobatic
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September 01, 2014, 06:23:08 PM
 #37492

saw this article...  looks like congratulations are due to KnCMiner for their recent investment (60m) to build more datacenters.

http://www.di.se/artiklar/2014/8/28/de-bygger-sedelpress-i-boden/

the google translation of swedish looks like this...

KNC Miner manufactures computer chips used to verify that all transactions undertaken with the digital currency Bitcoin is done correctly.

Every time someone verifies a number of transactions created 25 new digital coins. Those who conducted the check, the new coins reward. It is called in the business of mining and bitcoins is equivalent to printing money.

KNC Miner is a world leader in the development of the computer chip used in the process.

"Our chips do not have a lot of features., You can not use them for surfing or checking your email. But they are faster and better than anything else in terms of breaking bitcoin," said Sam Cole, CEO and co-founder of KNC Miner.

Having the latest technology is crucial because different switches constantly competing against each other. Only those with sufficiently fast computer with new coins. The reason that KNC Miner both breaks own coins and sells equipment to others, according to the management that there are so many bitcoin to break that company alone would never be able to grab it all.

Since KNC Miner launched its first bitcoinbrytare in June 2013, the company sold computers for about half a billion. Meanwhile, the company has broken its own bitcoin to a value of approximately 200 million.

The company has so far not published its first financial statements. Management would not disclose what the profit is expected to land on when the 2013 and 2014 totaled.

Sam Cole says, however, that the company bitcoinbrytning, which therefore has revenues of approximately $ 200 million since its inception about a year ago, has a profit margin of about 80 percent.

In order to further increase profitability, the company plans now to move from selling hardware to offering a cloud service.

"Instead of selling chips that have shipped to 120 different countries, we will offer a software service that clients can connect to. They purchase on our computer capacity and using it in place of your own hardware. This reduces costs significantly for us" , said Sam Cole.

To get sufficient computing power in the cloud should KNC Miner build two new data centers in Boden in Norrbotten, where the company already has a hall earlier. The existing hall is located in a helicopter hangar that formerly belonged to the Armed Forces and the next two will be in the vicinity.

"Northern Sweden is perfect., It is cold and there is plenty of space but the infrastructure is still good," said Sam Cole.

The already completed facility is 5,500 square meters. It is not yet clear exactly how large the new halls will lead but describes them as gigantic.

In order to finish building them as fast as possible, the company recently brought in 60 million from investors, including the venture capital firm Creandum.

"We must not take the money because we can print your own. However we choose to do it anyway in order to build the server halls as quickly as possible," said Sam Cole.

He says the new facilities in Constance is extremely energy intensive.

"In terms of the surface, we are not equal Facebook's server hall in Luleå. But we will consume more electricity than they do," said Sam Cole.

In addition to the two halls of Constance management plans to build additional facilities such as backup, however, at a secret location. The risk of sabotage, the company employs strict security procedures.

"We have military fence around our facilities in Constance and guarded around the clock., The server rooms we now construct are close a building where there are trained stewards," said Sam Cole.

the original is here ...


KNC Miner tillverkar datorchip som används till att kontrollera att alla överföringar som görs med den digitala valutan bitcoin sker på ett korrekt sätt.

Varje gång någon verifierar ett antal transaktioner skapas 25 nya digitala mynt. Den som genomförde kontrollen får de nya mynten i belöning. Det kallas i branschen för att bryta och är bitcoins motsvarighet till att trycka nya sedlar.

KNC Miner är världsledande på att utveckla de datorchip som används i processen.

"Våra chip har inte en massa finesser. Du kan inte använda dem till att surfa eller koll din mejl. Men de är snabbare och bättre än något annat vad gäller att bryta bitcoin", säger Sam Cole, vd för och medgrundare av KNC Miner.

Att ha den senaste tekniken är helt avgörande eftersom olika brytare hela tiden tävlar mot varandra. Bara den med tillräckligt snabb dator får nya mynt. Anledningen till att KNC Miner både bryter egna mynt och säljer utrustningen till andra är enligt ledningen att det finns så pass många bitcoin att bryta att bolaget ensamt aldrig skulle kunna roffa åt sig alltihop.

Sedan KNC Miner lanserade sin första bitcoinbrytare i juni 2013 har bolaget sålt datorer för cirka en halv miljard kronor. Under tiden har bolaget brutit egna bitcoin till ett värde av cirka 200 Mkr.

Bolaget har än så länge inte publicerat sitt första bokslut. Ledningen vill inte avslöja vad vinsten väntas landa på när 2013 och 2014 summeras.

Sam Cole berättar dock att bolagets bitcoinbrytning, som alltså har gett intäkter på cirka 200 Mkr sedan starten för ungefär ett år sedan, har en vinstmarginal på cirka 80 procent.

För att öka lönsamheten ytterligare planerar bolaget nu att gå över från att sälja hårdvara till att erbjuda en molntjänst.

"I stället för att sälja chip som måste transporteras till 120 olika länder ska vi erbjuda en mjukvarutjänst som kunderna kan koppla upp sig mot. De köper in sig på vår datorkapacitet och använder den i stället för egen hårdvara. Då minskar kostnaderna betydligt för oss", säger Sam Cole.

För att få tillräcklig datorkraft i molnet ska KNC Miner bygga två nya serverhallar i Boden i Norrbotten, där bolaget redan har en hall sedan tidigare. Den befintliga hallen ligger i en helikopterhangar som tidigare har tillhört Försvarsmakten och de två kommande ska ligga i närheten.

"Norra Sverige är perfekt. Det är kallt och finns gott om plats men infrastrukturen är ändå bra", säger Sam Cole.

Den redan färdiga anläggningen är 5.500 kvadratmeter stor. Det är ännu inte klart exakt hur stora de nya hallarna blir men ledningen beskriver dem som gigantiska.

För att kunna bygga klart dem så snabbt som möjligt har bolaget nyligen tagit in 60 Mkr från investerare, bland annat riskkapitalbolaget Creandum.

"Vi måste inte ta in pengar eftersom vi kan trycka egna. Men vi väljer att göra det ändå för att kunna bygga serverhallarna så snabbt som möjligt", säger Sam Cole.

Han säger att de nya anläggningarna i Boden är extremt energikrävande.

"Räknat i yta blir vi inte lika stora Facebooks serverhall i Luleå. Men vi kommer att förbruka mer elektricitet än de gör", säger Sam Cole.

Utöver de två hallarna i Boden planerar ledningen att bygga ytterligare anläggningar som backup, dock på hemlig plats. Risken för sabotage innebär att bolaget tillämpar rigorösa säkerhetsrutiner.

"Vi har militärstängsel runt våra anläggningar i Boden och hård bevakning dygnet runt. De serverhallar som vi nu ska bygga ligger dessutom i närheten en byggnad där det utbildas ordningsvakter", säger Sam Cole.



samsonn25
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September 01, 2014, 06:30:04 PM
 #37493


I think that knc is going crazy. Concracts are too expensive and for a limited time !


https://www.kncminer.com/products/1ths-of-bitcoin-mining-for-6-months

On the same day bitmain announce 1TH cloud mining for $772 + $3.24 per day maintenance ($1,345 for 6 months, no expiry but probably won't be viable much longer anyway, and this is probably a -ROI deal)

Good timing KNC Smiley

So Bitmain their electricity cost is .1875 kwh

Their 1TH plan  it will mine about ,51 btc before electricity cost more than the btc it mines.

still better than KNC, loses less.
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September 01, 2014, 08:07:50 PM
 #37494

saw this article...  looks like congratulations are due to KnCMiner for their recent investment (60m) to build more datacenters.

http://www.di.se/artiklar/2014/8/28/de-bygger-sedelpress-i-boden/

the google translation of swedish looks like this...

So this beats Bitfury's 20M$ funding? Pretty surprising!

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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September 01, 2014, 08:32:28 PM
 #37495

They got 20 Million for just the batch 1 and 2 pre-orders for the Neptune.   Plus the early and current mining income.

Then the profits from the Mercurys, Saturns, and Jupiters sales.  Plus the early and current mining income.
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September 01, 2014, 08:37:47 PM
 #37496

They got 20 Million for just the batch 1 and 2 pre-orders for the Neptune.   Plus the early and current mining income.

Then the profits from the Mercurys, Saturns, and Jupiters sales.  Plus the early and current mining income.

Getting 20M$ in sales is one thing and getting 60M$ in funding is a totally different thing.

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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September 01, 2014, 08:42:25 PM
 #37497

They got 20 Million for just the batch 1 and 2 pre-orders for the Neptune.   Plus the early and current mining income.

Then the profits from the Mercurys, Saturns, and Jupiters sales.  Plus the early and current mining income.

Getting 20M$ in sales is one thing and getting 60M$ in funding is a totally different thing.

the article didn't specify which currency the 60m was.  could have just as easily been $ or SEK (Swedish Krona) for all we know.  we should wait til we hear a proper release or more details elsewhere before assuming it was $60m, which would be a pretty sizeable bitcoin investment by a huge margin!

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September 01, 2014, 10:49:19 PM
 #37498

Haven't been here for a while, but it seems the nightmare continues....



 Cheesy

P.S.
http://translate.google.co.uk/translate?hl=en&sl=sv&u=http://www.affarerinorr.se/nyheter/2014/augusti/kncminer-saeljer-andelar-i-bodenhall

Quote
One who believes strongly in KnCMiner is banker Per Roman who runs GP Bullhound, one of Europe's fastest growing investment banks.

- This is the most exciting company I have worked with in my life, he says to Dagens Industri. They are like an Intel for the new currency system and I think it is quite inconceivable that the company created in Stockholm. People from all over the world come to KnCMiner because they think it is the most exciting company to work for.

He and GP Bullhound recently received a contract to bring in fresh capital to KnCMiner, $ 100 million to be used to build four new data centers.

"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
crashoveride54902
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September 02, 2014, 12:18:10 AM
 #37499

Haven't been here for a while, but it seems the nightmare continues....


 Cheesy

P.S.
http://translate.google.co.uk/translate?hl=en&sl=sv&u=http://www.affarerinorr.se/nyheter/2014/augusti/kncminer-saeljer-andelar-i-bodenhall

Quote
One who believes strongly in KnCMiner is banker Per Roman who runs GP Bullhound, one of Europe's fastest growing investment banks.

- This is the most exciting company I have worked with in my life, he says to Dagens Industri. They are like an Intel for the new currency system and I think it is quite inconceivable that the company created in Stockholm. People from all over the world come to KnCMiner because they think it is the most exciting company to work for.

He and GP Bullhound recently received a contract to bring in fresh capital to KnCMiner, $ 100 million to be used to build four new data centers.

well good for them, keep going knc...only 100mil? why not 100 billion? keep throwing money at it knc...quit pussy footing around...and once you have 51% of the network you'll break your own ass Grin or if not..just keep going...when diff. rate reaches the 100bil mark or so...it'll be deemed centrilized and you'll kill yer own ass again...I knew corp. fucks would find a way to break btc Sad hell they break everything else

Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks Sad
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September 02, 2014, 02:05:08 AM
 #37500

well good for them, keep going knc...only 100mil? why not 100 billion? keep throwing money at it knc...quit pussy footing around...and once you have 51% of the network you'll break your own ass Grin or if not..just keep going...when diff. rate reaches the 100bil mark or so...it'll be deemed centrilized and you'll kill yer own ass again...I knew corp. fucks would find a way to break btc Sad hell they break everything else

Well, with any luck the difficulty will go so high that they go bankrupt.  I think we're probably 50% of the way there!

With some of this VC funding into these large farms, one has to wonder if the board(s) that gave the OK have any idea WTF their investments are reliant upon.
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