Swedish ASIC miner company kncminer.com

[xstr8guy]

https://bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3

How do the Titan owners feel now?

There are NO Titan owners... yet! 

[1550445212]

1550445212

[1550445212]

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[xstr8guy]

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.
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.

[Searing]

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

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

[poodle63]

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.

[lucazane]

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 ?)

[Elenelen]

News about Titan:

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

[Searing]

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

[cryptodevil]

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 ?)

Your math is off. The L1 equivalent of 400MH/S at 380w per 120MH/s is <>1266w, making the Titan <>25% more efficient.

[poodle63]

It's ok, Tity might bump to 1.2G and comsume 1300w, so winner is the last one who disconnect socket, some thing like Avalon and ant S1, last hope on my pre order Tity is such spec otherwise I really screwed.

[dekodoge]

It's ok, Tity might bump to 1.2G and comsume 1300w, so winner is the last one who disconnect socket, some thing like Avalon and ant S1, last hope on my pre order Tity is such spec otherwise I really screwed.

That would be 10 titans for 1.2G and 13000W or 13Kw

[lucazane]

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 ?)

Your math is off. The L1 equivalent of 400MH/S at 380w per 120MH/s is <>1266w, making the Titan <>25% more efficient.

I was considering a lot higher power consumption for the L1 than announced because of the warning.

in fact we don't know the final spec of the Titan either. so only the futur will tell.

[faetos]

News about Titan:

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

It doesn't look like they will ship by the end of the month if they are still in the engineering phase. End of October maybe. There is just way too much competition out there in this industry to justify these pre-order purchases.

[JPage]

Did they deliver a brick?  This is all I see. 


rebooted several times, restart miner several times, changed power supplies, reconnected cables, brought to very cool AC room, nothing works.  I can't get this guy to start.  Any suggestions?

[crashoveride54902]

Did they deliver a brick?  This is all I

rebooted several times, restart miner several times, changed power supplies, reconnected cables, brought to very cool AC room, nothing works.  I can't get this guy to start.  Any suggestions?

Try with only one box hooked up...if it works then keep trying one by one till you find a bad one...if it still doesn't work with one...Try to reflash the fw if still no go try ssh into controller n screen -r to see if cgminer comes up...other then that idk what to tell ya

[BitcoinPappi]

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104

[freedomno1]

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104

Seems like a legit reason venture capital does not wait it usually wants its money back
Nice find

GP Bullhound
 
GP Bullhound is an international technology investment banking group with offices in London, San Francisco, Stockholm, Berlin and Manchester. Founded in 1999, GP Bullhound provides world-class advice on mergers, acquisitions and private placements to a diverse range of corporate clients, institutional investors and high net worth individuals. Combining a true love for entrepreneurship and innovation with deep global buyer relations and sector expertise, GP Bullhound has completed transactions for tech category leaders, most recently selling Pingdom to SolarWinds, Cambridge Technology Partners to Atos, Pozitron to Monitise, Tunigo to Spotify, and Fjord to Accenture.

[samsonn25]

Their investors will get burned too.  Starting end of this year.

[poodle63]

Soon will see knc merge other miner company, the trend will be cloud mining and no more small mining power like us, so must be happy you still can get last household size Tity and nepy, soon KNC will left us behind and growth their dadahall, because once they are not sale miner to market, then there is no such limitation of their hashing power, so they are now success obtain capital and success build datahall, so before end of this year we will eyes weightiness another disaster of hashing power competation, I'm praying now and other days to beg God let me ROI by this November, otherwise every thing I put into miner all become dust.

[faetos]

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104

Greed's a bitch and she's going to get hers when they screw over their investors. Customers complain, but investors make ppl disappear. RIP Scam Hole.

[Searing]

https://bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3

How do the Titan owners feel now?

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.

I like your world of rainbows..unicorns...and playmate fairies.....but it is not gonna happen....they have a NO REFUND policy
now...so they don't have to give us anything...but I like your world view..especially the playmate faries....(sigh off to daydream land)

Searing

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104

Greed's a bitch and she's going to get hers when they screw over their investors. Customers complain, but investors make ppl disappear. RIP Scam Hole.

well could KNC just go to 14nm and just go PRIVATE it seems to be the trend...big farm ..big investors..no pesky eguipment customers...if the investors in their PH farm
operation and funding for the 14nm chip get burnt..well KNC can simply point out that in their likely signed investor agreement risks are these big money investors and
profit can not be assured to come to pass... in that it is speculation on their cutting edge 14nm and other endeavors...(sounds like BFL huh?)...

KNC wins either way...funding and success on 14nm and further expansion and centralization and profits..or if it don't work out...well...these big money types
have replaced US PREVIOUS CONSUMER MINERS to carry the load if things go south..hell makes more sense what they are doing now....why go after a bunch
of small change mice consumer miners  like us when you can go after big money types on your enthusiastic KNC miner dream (and yeah they be dreaming did you see the prices on
the KNC cloud)..it is like KNC is BFL now...but know what they are doing on scamming folks..not just making it up like BFL did as they went along...

yeah it is gonna be a train wreck with BIGGER DREAMERS/BIGGER $$$ then ourselves......ah the NEWBIE TRAIN it knows no income level....you be newbie squeezed
irregardless....(prob at the same percentage of income squeeze on false hope as ourselves..just think 'supersized fries vs us regular fries folk...

but well hell at least they have moved on likely to screw bankers/stock market investors/Realtors etc...KNC has moved on to bigger prey...the  eye of MORDOR has moved on....




Ah but I got my Titan coming...so..who am I to talk.... (my precious.....)

Searing