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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3041595 times)
jmaccoin
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July 18, 2013, 08:47:30 PM
 #3841

Or even maybe three month cycles with other pow between the six month sha256 cycles?
What does this mean?

Just hoping that they would come out with their scrypt miner before march.
Why bother, there is hardly any money in scrypt. LTC is the best and it's got about 5% of the market cap that BTC has.


I think there would be huge money to be made with a KNC scrypt miner. If they were to take preorders after current orders started arriving... Well I think it would be huge.
The ASIC market seems like it is about to be so saturated.
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July 18, 2013, 08:50:24 PM
 #3842

I would definitely get one too.

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July 18, 2013, 08:55:08 PM
 #3843

I am not very familiar with Litecoin/scrypt but wouldn't there be a daily reward limit as well? Also, if KNC makes a Litecoin miner everyone will buy it (especially if they deliver on their SHA256 ASIC) so I wouldn't be so sure about the "huge" payout. You might make a decent ROI though if the others are slow to move in...
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July 18, 2013, 08:56:10 PM
 #3844

Or even maybe three month cycles with other pow between the six month sha256 cycles?
What does this mean?

Just hoping that they would come out with their scrypt miner before march.
Why bother, there is hardly any money in scrypt. LTC is the best and it's got about 5% of the market cap that BTC has.


I think there would be huge money to be made with a KNC scrypt miner. If they were to take preorders after current orders started arriving... Well I think it would be huge.
The ASIC market seems like it is about to be so saturated.
The cost of an ASIC scrypt mining chip would be several times more than the cost of a SHA256 chip, that's why scrypt is used in the first place, so the coin you would have to mine would need to be several hundred percent more profitable than BTC to get the same ROI. Good luck! Keep dreaming.

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July 18, 2013, 08:57:42 PM
 #3845

Or even maybe three month cycles with other pow between the six month sha256 cycles?
What does this mean?

Just hoping that they would come out with their scrypt miner before march.
Why bother, there is hardly any money in scrypt. LTC is the best and it's got about 5% of the market cap that BTC has.


I think there would be huge money to be made with a KNC scrypt miner. If they were to take preorders after current orders started arriving... Well I think it would be huge.
The ASIC market seems like it is about to be so saturated.
The cost of an ASIC scrypt mining chip would be several times more than the cost of a SHA256 chip, that's why scrypt is used in the first place, so the coin you would have to mine would need to be several hundred percent more profitable than BTC to get the same ROI. Good luck! Keep dreaming.



why so expensive? the memory?

erk
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July 18, 2013, 08:59:56 PM
 #3846

Or even maybe three month cycles with other pow between the six month sha256 cycles?
What does this mean?

Just hoping that they would come out with their scrypt miner before march.
Why bother, there is hardly any money in scrypt. LTC is the best and it's got about 5% of the market cap that BTC has.


I think there would be huge money to be made with a KNC scrypt miner. If they were to take preorders after current orders started arriving... Well I think it would be huge.
The ASIC market seems like it is about to be so saturated.
The cost of an ASIC scrypt mining chip would be several times more than the cost of a SHA256 chip, that's why scrypt is used in the first place, so the coin you would have to mine would need to be several hundred percent more profitable than BTC to get the same ROI. Good luck! Keep dreaming.



why so expensive? the memory?
Scrypt chips are bigger, so you get way less per wafer.

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July 18, 2013, 09:00:24 PM
 #3847

Just received this update? Talking about March 2014? HUH? I thought these were to ship this year October? What's going on?



KnCMiner Network Protection Statement


At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers.  So with that in mind our plan is to do as follows:
 
We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.
 
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

Thanks
KnCMiner Team

Didn't receive that, but looks quite logical.

Agree, would be even better if previous customers were given preference for the next batches as well, kind of like a loyalty reward.
erk
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July 18, 2013, 09:07:08 PM
 #3848

Just received this update? Talking about March 2014? HUH? I thought these were to ship this year October? What's going on?



KnCMiner Network Protection Statement


At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers.  So with that in mind our plan is to do as follows:
 
We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.
 
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

Thanks
KnCMiner Team

Didn't receive that, but looks quite logical.

Agree, would be even better if previous customers were given preference for the next batches as well, kind of like a loyalty reward.
The greedy want more, under the guise of loyalty. It's laughable, loyalty doesn't absolve greed.

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July 18, 2013, 09:29:35 PM
 #3849

Just received this update? Talking about March 2014? HUH? I thought these were to ship this year October? What's going on?



KnCMiner Network Protection Statement


At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers.  So with that in mind our plan is to do as follows:
 
We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.
 
We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

Thanks
KnCMiner Team

Didn't receive that, but looks quite logical.

Agree, would be even better if previous customers were given preference for the next batches as well, kind of like a loyalty reward.
The greedy want more, under the guise of loyalty. It's laughable, loyalty doesn't absolve greed.



Please stay on target.
erk
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July 18, 2013, 09:31:08 PM
 #3850



Please stay on target.
Just put your fingers in your ears and go la  la la  la works for me.
jmaccoin
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July 18, 2013, 10:27:59 PM
 #3851

The cost of an ASIC scrypt mining chip would be several times more than the cost of a SHA256 chip, that's why scrypt is used in the first place, so the coin you would have to mine would need to be several hundred percent more profitable than BTC to get the same ROI. Good luck! Keep dreaming.

They have mentioned plans to work on scrypt miner in the past haven't they? I don't know I could be wrong but I thought it was in the plans. A re-programmable fpga.
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July 18, 2013, 11:57:01 PM
 #3852

My order that I just placed today says -  New (payed). Does that mean it still has to be processed or am I good to go?

I sent payment via paypal and it shows as completed on my end.
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July 19, 2013, 12:04:58 AM
 #3853

tltr - what 'batch' are the current orders at? As in if I ordered today what is the projected delivery date? 
jmaccoin
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July 19, 2013, 12:11:06 AM
 #3854

tltr - what 'batch' are the current orders at? As in if I ordered today what is the projected delivery date? 

October
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July 19, 2013, 12:38:18 AM
 #3855

My order that I just placed today says -  New (payed). Does that mean it still has to be processed or am I good to go?

I sent payment via paypal and it shows as completed on my end.
You're good, methinks.

Democracy is the original 51% attack.
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July 19, 2013, 12:44:47 AM
 #3856

tltr - what 'batch' are the current orders at? As in if I ordered today what is the projected delivery date? 

In case you missed it on their home page:


BTC: 1P77ekpQigu2HfiB67wNhzmMmEvZFkE2jv | KNCMiner Neptune 20nm 3TH/S for $10K in Q1/Q2 2014
shiunsai
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July 19, 2013, 12:49:34 AM
 #3857


they should make that the first slide, a bit to late now but  so i guess we can make somewhat of a benchmark for orders made before that

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NiteShdw
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July 19, 2013, 01:08:12 AM
 #3858


they should make that the first slide, a bit to late now but  so i guess we can make somewhat of a benchmark for orders made before that

I missed out on the early pre-order. I had the BTC but I didn't follow this forum much. I ended up not getting in until July 1. I'm hoping that I still get something in September, but I wouldn't be surprised if I ended up in the mid-October batch.  I just spent my last Avalon mined BTC on a Jupiter upgrade.
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July 19, 2013, 01:26:22 AM
 #3859

My order that I just placed today says -  New (payed). Does that mean it still has to be processed or am I good to go?

I sent payment via paypal and it shows as completed on my end.
You're good, methinks.

i placed an order about 5 days ago, i still have to pay.
if i don't pay in 7 working days i'll lose my position right?
(however, being at this level of cue doesn't make much difference Smiley)
r1senfa17h
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July 19, 2013, 03:02:36 AM
 #3860

My order that I just placed today says -  New (payed). Does that mean it still has to be processed or am I good to go?

I sent payment via paypal and it shows as completed on my end.
You're good, methinks.

i placed an order about 5 days ago, i still have to pay.
if i don't pay in 7 working days i'll lose my position right?
(however, being at this level of cue doesn't make much difference Smiley)

I think the 7 day rule only applied to the earliest pre-orders. All current orders are queued by date of payment. I don't think your order is even in the queue until you pay.

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