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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3031276 times)
jomay
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September 17, 2014, 06:56:17 PM
 #37821

I based my figures off of Jupiters batches 1 and 2, where KNC's internal insurance invoiced their value at $1000USD when being shipped back to them, or within their company controls.
[...]
Consider how many tens of millions they took home in profit on their tax statement. Their profit margins weren't 30%, they were generously higher.
Yep, the 1000$ marginal cost sounds about right. Not sure how much the ASIC NRE's are, though. If they got 25m$ for the Titan Batch1 they may have spent 10-20m$ on R&D?
Batch2 was pure profit, though.

I don't think KNC is in a cash flow position to do anything special for their customers.
They seem to be struggling. The latest series A won't last them long.
Expect to get the absolute minimum possible from KNC these days, at the very last moment.
Well, that doesn't add up when considering the calculation above. Unless...
Did you ever wonder why it says "KnC Sweden 20nm AB"? I'd guess because there are "KnC 28nm AB", "KnC Cloud", "KnC Private Mining", "KnC Holding" etc. The founders kept the 10's of m$ in their holding (or private accounts!) and make sure that any failure in the future doesn't cost them a penny.

The KnC 20nm is probably struggling to meet payments because of the Neptune debacle (first tape out botched etc) and was close to go bankrupt. As the latter is really not pretty both from bad publicity as well as the "annoying" legal investigations KnC tried to avoid the bankruptcy with dubious measures. Such as offering 5%-10% more refund money if the refund is delayed. And start taking Titan pre-orders - which has saved them.

Disclaimer: I don't know any details and all of the above is pure speculation.

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poodle63
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September 17, 2014, 07:18:07 PM
 #37822

Any one feel their love today?

Zelek Uther
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September 17, 2014, 08:48:17 PM
 #37823

I'm not feeling the love... no bonus miner here. Sad

Run a Bitcoin node, support the network.
samsonn25
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September 17, 2014, 08:55:45 PM
 #37824

I based my figures off of Jupiters batches 1 and 2, where KNC's internal insurance invoiced their value at $1000USD when being shipped back to them, or within their company controls.
[...]
Consider how many tens of millions they took home in profit on their tax statement. Their profit margins weren't 30%, they were generously higher.
Yep, the 1000$ marginal cost sounds about right. Not sure how much the ASIC NRE's are, though. If they got 25m$ for the Titan Batch1 they may have spent 10-20m$ on R&D?
Batch2 was pure profit, though.

I don't think KNC is in a cash flow position to do anything special for their customers.
They seem to be struggling. The latest series A won't last them long.
Expect to get the absolute minimum possible from KNC these days, at the very last moment.
Well, that doesn't add up when considering the calculation above. Unless...
Did you ever wonder why it says "KnC Sweden 20nm AB"? I'd guess because there are "KnC 28nm AB", "KnC Cloud", "KnC Private Mining", "KnC Holding" etc. The founders kept the 10's of m$ in their holding (or private accounts!) and make sure that any failure in the future doesn't cost them a penny.

The KnC 20nm is probably struggling to meet payments because of the Neptune debacle (first tape out botched etc) and was close to go bankrupt. As the latter is really not pretty both from bad publicity as well as the "annoying" legal investigations KnC tried to avoid the bankruptcy with dubious measures. Such as offering 5%-10% more refund money if the refund is delayed. And start taking Titan pre-orders - which has saved them.

Disclaimer: I don't know any details and all of the above is pure speculation.

Smart move on KNC part with Titan no refund.  Bitmain coming December too, with Scryot machines 1/3 the price. $5/MH
s1gs3gv
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September 17, 2014, 10:24:41 PM
 #37825

Well, that doesn't add up when considering the calculation above.

On the contrary, it would explain virtually all of KNC's parsimonious and mean behavior. Why would they go out for a Series A and reduce their equity if they were flush ?
crashoveride54902
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September 18, 2014, 12:27:27 AM
 #37826

Any one feel their love today?

you should feel the love knc is giving you everyday...in the backside w/o lube Grin


BFL : shipping in two weeks.
KnC: near future

Wait, BFL ships stuff anymore?

Whatever happened to the Monarch? That was hilarious. People were like, oh man they'll ship on time this time.. And then they didn't, of course.

monarchs are shipping now...someone had a whole rack of them in their warehouse/dc on picture your miners thread

Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks Sad
samsonn25
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September 18, 2014, 12:30:38 AM
 #37827

copy the pic
poodle63
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September 18, 2014, 12:35:07 AM
 #37828

Stuck wrong hole and shoot on own foot~

vesperwillow
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September 18, 2014, 01:06:47 AM
 #37829

Yeah I'd love to see the pictures myself, considering their website says they aren't shipping and you can only find a couple secondhand units on ebay/elsewhere.

BitcoinPappi
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September 18, 2014, 11:38:14 AM
 #37830

Are KNC Titans shipping now ?
lemonte
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September 18, 2014, 11:45:37 AM
 #37831

Are KNC Titans shipping now ?

Apparently so according to a few people on the Kncminer forums.

poodle63
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September 18, 2014, 11:51:29 AM
 #37832

Knc fx king smart at business but crooked, they should be straight.

Micky25
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September 18, 2014, 12:57:24 PM
 #37833

Are KNC Titans shipping now ?

Apparently so according to a few people on the Kncminer forums.

Where do you read this? They should, but don't.
de_ixie
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September 18, 2014, 01:12:00 PM
 #37834

Are KNC Titans shipping now ?

Apparently so according to a few people on the Kncminer forums.

Where do you read this? They should, but don't.

I also doubt it - got order 193xx (Bitpay) - nothing here - still paid or like they prefer to say "Payed".  Roll Eyes

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vesperwillow
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September 18, 2014, 01:47:38 PM
 #37835

This happened with Neptune didn't it? Before KNC announced it officially, there were people getting shipments in small trickles.

de_ixie
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September 18, 2014, 02:09:41 PM
 #37836

Order just changed to "In Progress" - Order 193XX

Edit: Will let you know when this "Way to late & expensive 9000 EUR KnC Crap Pile" is at my doorstep

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poodle63
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September 18, 2014, 02:23:34 PM
 #37837

My #021xxx still not paid.

Pt0x
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September 18, 2014, 02:34:17 PM
 #37838

We are on page 1912 of this long post.
The Titanic sank on 1912.
And the Tity has not been seen on the wild.


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Micky25
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September 18, 2014, 02:51:08 PM
 #37839

Order just changed to "In Progress" - Order 193XX

Thats interesting. My order number is about 1k higher then yours and I am still on "paid".

Fun fact: I paid in January (cancelled Neptune). I suppose you paid in March?

What a fantastic consumer experience this all is, again the deluxe treatment for the early supporters.
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September 18, 2014, 02:55:05 PM
 #37840

Order just changed to "In Progress" - Order 193XX

Edit: Will let you know when this "Way to late & expensive 9000 EUR KnC Crap Pile" is at my doorstep

ditto i have your 'twin pile' in the states....so screwed

Order just changed to "In Progress" - Order 193XX

Thats interesting. My order number is about 1k higher then yours and I am still on "paid".

Fun fact: I paid in January (cancelled Neptune). I suppose you paid in March?

What a fantastic consumer experience this all is, again the deluxe treatment for the early supporters.

yeah mine was ordered in march as well...nothing still said paid as of last nite..i should prob dig up my frigging
order number for this cuckoo egg being laid at my doorstep

edit: addition mine is #210xx so not sure where that is in the scheme of things














 

 

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