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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3046675 times)
poodle63
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September 03, 2014, 02:04:18 PM
 #37541

knccloud is selling 1TH/s for 6 months at $1995. It will never ROI, and who wants to buy it?

Bitmain now launches its own cloud mining service: https://www.hashnest.com/currency_markets/17/subscription


Specs on the Bitmain L1 are out too:  https://bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3

120 Mhs/ $599 / December.

The S3, the L1 and the BMT cloud must be putting the hurt on KNC. The race to the bottom is on. The company with the lowest cost basis takes all.



I'm screwed already,  Cry

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Cablez
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September 03, 2014, 02:13:27 PM
 #37542

The writing is on the wall,

(1) just sock away some coins directly (should be getting cheaper soon with the carnage incoming)
(2) let these big guys slug each other into the dirt over scraps
(3) ?? (aka hodl)
(4) sell into the recovery (profit!)  Cheesy

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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September 03, 2014, 02:35:21 PM
 #37543

knccloud is selling 1TH/s for 6 months at $1995. It will never ROI, and who wants to buy it?

Bitmain now launches its own cloud mining service: https://www.hashnest.com/currency_markets/17/subscription

1GH/s at 0.00135BTC, at least there is hope of ROI (although it takes a long time)

the beauty of these schemes is that it doesn't even require the company to have or use any of their equipment.  The customer pays up front.  Payouts are made based on difficulty calculations through the life of the contract.  Since you can't ROI, the residual from the initial payment is simply kept as profit.  All the while, the company can hash away with it's private mining operation
Elenelen
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September 03, 2014, 02:54:02 PM
 #37544

knccloud is selling 1TH/s for 6 months at $1995. It will never ROI, and who wants to buy it?

Bitmain now launches its own cloud mining service: https://www.hashnest.com/currency_markets/17/subscription

1GH/s at 0.00135BTC, at least there is hope of ROI (although it takes a long time)

the beauty of these schemes is that it doesn't even require the company to have or use any of their equipment.  The customer pays up front.  Payouts are made based on difficulty calculations through the life of the contract.  Since you can't ROI, the residual from the initial payment is simply kept as profit.  All the while, the company can hash away with it's private mining operation

I call it an inflation-Ponzi.
samsonn25
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September 03, 2014, 05:03:17 PM
 #37545


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

I'm trying to figure out why cloud mining is such a rip off right now. You figure that there would be some price competition to bring the prices closer to reality.


Because legitimate cloud mining operations don't really care if you buy their product unless you're willing to pay more for the hash than they can earn by mining with it themselves.

You see, they are already making money by mining with the hardware now. It's a brilliant strategy for the operators and a terrible investment for customers.

Very good analysis.
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September 03, 2014, 06:28:28 PM
 #37546

I call it an inflation-Ponzi.

Of course, there are some here amongst us who would say that Bitcoin in general is a ponzi … and these kinds of things don't help to counteract that perception.

~L)L~
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September 03, 2014, 09:44:15 PM
 #37547

if Knc offer a second Titan and ship before October and the Titan deliver 600 Mh/s for 600 watts, they will feel OK.
else they feel deeply fucked.

The Blocks Factory Mining POOL : DGB(sha256d, Skein, Qubit, Groestl & Scrypt), FTC
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September 03, 2014, 10:01:01 PM
 #37548

if Knc offer a second Titan and ship before October and the Titan deliver 600 Mh/s for 600 watts, they will feel OK.
else they feel deeply fucked.

Well let's see:

- ship before October - possible, but highly unlikely
- 600Mh/s at 600W - highly unlikely, almost impossible considering they already raised the specs once
- free Titan - from the cheap ass Sam? Never!

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September 03, 2014, 10:14:05 PM
 #37549

Well they have the chips and they are hashing, so before october seems likely.

Speed, well I asked one of the engineers how they were getting on. Too early for numbers. When I asked if it was good or bad.... "It hashes", maybe I'm reading too much into those 2 words but I expect to be dissapointed.

Free Titan, yeah agree no chance.

DevonMiner
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September 03, 2014, 10:24:10 PM
 #37550

those 2 words but I expect to be dissapointed.

Sorry, many will be ...

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September 04, 2014, 01:14:53 AM
 #37551

Free Titan, yeah agree no chance.
Free Titan?

Hmmm... how about the free Neptunes for CA batch owners? Weren't they meant to be delivered in August? It is now September and all I see is tumbleweed rolling by...

From https://www.kncminer.com/news/news-88
Quote
Neptune Two For One Program

It has come to our attention that not everyone has been fully informed on our Neptune Two For One program so we'd like to include information on that topic in this newsletter too:
We understand that the math's involved in ASIC product deployment has to make financial sense in an ever-increasing hash rate race. In order to increase value for KnC customers we are adding one extra Neptune miner to each pre-ordered Neptune in batch one and batch two. These bonus machines will be sourced from our batch three production run which is scheduled to ship in August.
If you're a pre-order Neptune batch one or two customer you don't need to take any extra action to receive these additional miners and we are covering all shipping costs as well. You’ll receive info on when and how those bonus miners will be delivered well before the shipment date.

Run a Bitcoin node, support the network.
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September 04, 2014, 02:42:50 AM
 #37552

Free Titan, yeah agree no chance.
Free Titan?

Hmmm... how about the free Neptunes for CA batch owners? Weren't they meant to be delivered in August? It is now September and all I see is tumbleweed rolling by...

From https://www.kncminer.com/news/news-88
Quote
Neptune Two For One Program

It has come to our attention that not everyone has been fully informed on our Neptune Two For One program so we'd like to include information on that topic in this newsletter too:
We understand that the math's involved in ASIC product deployment has to make financial sense in an ever-increasing hash rate race. In order to increase value for KnC customers we are adding one extra Neptune miner to each pre-ordered Neptune in batch one and batch two. These bonus machines will be sourced from our batch three production run which is scheduled to ship in August.
If you're a pre-order Neptune batch one or two customer you don't need to take any extra action to receive these additional miners and we are covering all shipping costs as well. You’ll receive info on when and how those bonus miners will be delivered well before the shipment date.

This is the latest reply that I received from KfC about second neptune, still the same words without specific date.

Quote
Aug 29 11:07

Hi,

Bonus Neptune's will be within the 3rd batch, which we expect to begin shipping in about one month after second batch. We hope to provide you with more information soon about specific shipping date.

Best regards 
Med vänlig hälsning

Natalie Forslund


In their previous mail early August, they claim "the Neptune bonus miner is expected to start shipping after the summer"

Now probably the bonus shitty miner goes to "the New Era Of Arctic Cloud Mining"...

KnC, Kill and Crush you over and over.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
crashoveride54902
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September 04, 2014, 04:06:19 AM
 #37553

is there a movie on KnC yet? hehe there should be...would be a blockbuster in the theaters Tongue Grin

Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks Sad
xstr8guy
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September 04, 2014, 04:19:57 AM
 #37554


There are NO Titan owners... yet!  Wink
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September 04, 2014, 04:21:59 AM
 #37555

Just read the newsletter in my email.  Was the Arctic cloud hosting a joke?  It's nowhere close to April Fool's.  You can buy so much more BTC than what those hosting plans will ever buy at current rates.

A massive joke, indeed!

But have a look around. All of the other legitimate cloudmining operations are way overpriced too.

Lucky for them, they don't really need to sell contracts because they'll just mine for themselves. Unlucky for us, we'll never get an opportunity to continue mining once we shut down our @home rigs. Cloudmining will never make sense for people who are capable of basic math.

On a side note, my PBMining contracts that I started in the spring actually have a positive ROI now. Smiley
Although I don't see that happening for newcomers now.

On another side note, I lost 4.4BTC on the Lunamine scam. And I lost a considerable amount on CEX.io too. So I'm batting .333 on cloud mining ventures.

I mourn the days of lucrative mining hardware already. This sucks!

how did you lose coins on cex.io?

By buying GHs at higher price than I sold them for. Don't confuse CEX.io with GHASH.io. Same company, two different services.
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September 04, 2014, 05:36:16 AM
 #37556

is there a movie on KnC yet? hehe there should be...would be a blockbuster in the theaters Tongue Grin

The plot will be how an intrepid bunch of disillusioned miners...esp after their BFL horror stories...flocked to KNC to revive and believe
that power does not corrupt..that shining city on the hill that beacon of honesty ..that ..er they what? they took the product they
were supposed to ship to miners between nov and march and used it to buy a big data hall (no more then 5% will they mine but they
will sell the other hashrate to others heh)....er...um....crap we've been BFL'd again (doh!) damn it!

alas

but these intrepid (if clueless miners) can take heart in the fact that thru their efforts they have made everyone involved in KNC very very rich and they have secured
that KNC data halls exist and will be maintained and most important....KNC will continue to thrive (spawn?) with their
cloud mining operation....which in the great scheme of things grinding down a few idealistic minions..to dust to accomplish their goals
is for the greater good don't ya now.....

meanwhile the intrepid miners are back to square one with their question answered in the YEP category that power
DOES corrupt you betcha .....

BFL'd or should I also say KNC'd

Searing

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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September 04, 2014, 06:26:24 AM
 #37557

Screwed already by bitmain cheap L1, how much should I order them to compensate Titan while December?
Even KNC ship this weekend, there still 2 month only buffer to face massive L1, won't survival with single Titan.

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September 04, 2014, 08:38:36 AM
 #37558

Screwed already by bitmain cheap L1, how much should I order them to compensate Titan while December?
Even KNC ship this weekend, there still 2 month only buffer to face massive L1, won't survival with single Titan.
the L1 is 120 MH/S for 380 watts (estimated, warnings on the bottom of the page).

The Titan may have 2 times better efficiency (400MH/S for 1kw ?)


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September 04, 2014, 08:47:10 AM
 #37559

News about Titan:

https://www.kncminer.com/news/news-103

Searing
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September 04, 2014, 09:04:57 AM
 #37560

Screwed already by bitmain cheap L1, how much should I order them to compensate Titan while December?
Even KNC ship this weekend, there still 2 month only buffer to face massive L1, won't survival with single Titan.
the L1 is 120 MH/S for 380 watts (estimated, warnings on the bottom of the page).

The Titan may have 2 times better efficiency (400MH/S for 1kw ?)




well if they are not gonna ship the beast for $599 till December ..at 120mh .that don't make a lot of sense if you can get this

http://zoomhash.com/products/zeusminer-thunder-x3-28-30mh-s-scrypt-asic-miner 56 to 60mh for $399 and it arrives in 5 days

no brainer get the zeusminer above NOW

just saying have no horse in this race (unless you count my Edsel of a Titan Miner coming probably 1st or 2nd week of Oct (400mh)

live an learn

Searing

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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