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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012380 times)
nightengale
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July 23, 2013, 03:26:58 PM
 #4201

I'd figured they would take a percentage of BTCs mined for hosting. That they're asking for the money up front makes me wonder if they need some sort of deposit to secure datacenter space... or if they just need the money. I'm still a KnC fan and am invested in them, but this is disappointing and a tad bit concerning.
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robix
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July 23, 2013, 03:34:15 PM
 #4202

I'd figured they would take a percentage of BTCs mined for hosting. That they're asking for the money up front makes me wonder if they need some sort of deposit to secure datacenter space... or if they just need the money. I'm still a KnC fan and am invested in them, but this is disappointing and a tad bit concerning.
Sure. It would have been better to offer pre-order hosting after they showed some hard facts.
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July 23, 2013, 03:35:19 PM
 #4203

wouldn't it make better sense for KnC to allow all customers (hosting and non-hosting) to join the KnC mining pool?

wouldn't it be a better result for all KnC customers?

or is this difficult to implement and control the different mining machines connecting to pool?

I'm one who prefers and enjoys gadgets, a gadget junkie you could call me and will be hosting my miners at home.
PS. I will also probably be the first to pull apart one these machines and take some photos of course. I just have to see one in real life  Shocked

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July 23, 2013, 04:08:12 PM
 #4204

I'd figured they would take a percentage of BTCs mined for hosting. That they're asking for the money up front makes me wonder if they need some sort of deposit to secure datacenter space... or if they just need the money. I'm still a KnC fan and am invested in them, but this is disappointing and a tad bit concerning.

The icing on the cake

KNC should open up your pool to all customers. Pool would create important and ensure their customers a fair service.
They have created the biggest miner and the biggest pool. With lowest fees.
If someone has the intention of purchasing a miner in the future. You'll know where to shop.

geopolisch
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July 23, 2013, 04:28:39 PM
 #4205

... this is disappointing and a tad bit concerning.

Sadly I have to admit I get the same impression.
WastedLTC
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July 23, 2013, 04:34:14 PM
 #4206

... this is disappointing and a tad bit concerning.

Sadly I have to admit I get the same impression.

You shouldn't be concerned or sad about the hosting plan.  They could have not offered one and if you have a better/cheaper way of hosting just do not purchase it. 

Some people will find that it is a better solution for them and that's that.
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July 23, 2013, 04:37:50 PM
 #4207

wouldn't it make better sense for KnC to allow all customers (hosting and non-hosting) to join the KnC mining pool?

wouldn't it be a better result for all KnC customers?

If they deliver as promised that could kill the network.

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July 23, 2013, 04:49:10 PM
 #4208

wouldn't it make better sense for KnC to allow all customers (hosting and non-hosting) to join the KnC mining pool?

wouldn't it be a better result for all KnC customers?

If they deliver as promised that could kill the network.

MetaBank Bitfury  +300 Th
Avalon Chips        +200 Th
BFL                     +300 Th
AM                      +400 Th

But if KNC meet promised. They will break the network. It has no logic.

FeedbackLoop
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July 23, 2013, 05:06:09 PM
 #4209


Sorry, I can't find what KNC "has promised". Is there some large number of promised and announced units to be released?

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July 23, 2013, 05:29:45 PM
 #4210

For those not opting for KnC hosting, can anyone recommend a pool?  Not sure what to go with since KnC's pool will be closed to hosted only...
ASIC-K
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July 23, 2013, 05:30:34 PM
 #4211

For those not opting for KnC hosting, can anyone recommend a pool?  Not sure what to go with since KnC's pool will be closed to hosted only...

i go with 50btc. honestly i chose it purely for the webpage aesthetics. probably a dumb choice, but its just so easy to navigate and check stats etc.
yuriygeorge
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July 23, 2013, 05:34:38 PM
 #4212

... this is disappointing and a tad bit concerning.

Sadly I have to admit I get the same impression.

You shouldn't be concerned or sad about the hosting plan.  They could have not offered one and if you have a better/cheaper way of hosting just do not purchase it. 

Some people will find that it is a better solution for them and that's that.

Actually, if you go to their "About Us" page, they talk about how the hosting/renting options are one of the reasons why they stand out from the competition: https://www.kncminer.com/pages/aboutus

" Imagine if you could rent your mining machine or a quarter of a machine instead of buying it. Then you could get started with less money and you could easily upgrade whenever it suits you. You would then not have to bother about all technical issues to set up your own machine and you have it fixed sooner if anything [breaks].
Imagine if you could actually decide what Hash-rate you would like to use for the next period and only pay for that.
Or, if you already into this game you probably would like to own your own high performance machine, but you rather have it in a datacenter with high security and proper air conditioner, avoid your own electricity cost and assure you are up and running the day after your purchase of your product."

Plus, I think hosting with KNC is a safe way to ensure the product will work in the first 6-12 months and if something breaks, they'll be able to fix it onsite. It's almost like an extended warranty.

For many of us, a Jupiter on its own is already a large/risky investment. And having to fork up another large sum of money for upfront hosting is disappointing. I think many people agree that any investor in ASICs should be prepared to risk losing it all. I'd be more accepting if I lost $7k for a failed/indefinite ASIC Jupiter experiment, but losing another $2-3k to a hosting package is too much. I hope if enough people demand a month-to-month option, that they'll open it up.

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canth
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July 23, 2013, 05:35:08 PM
 #4213

A bit disappointed that they're asking for the hosting $$$ up front. I thought it would be on a month-to-month basis. Anyone else disappointed?

Nope - doesn't bother me at all. It'll be painful for them to chase after people that don't pay their month to month hosting and then they have to be concerned about shutting off customers who just forgot to pay a bill.

I'm all for paying up front.

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July 23, 2013, 05:37:55 PM
 #4214

wouldn't it make better sense for KnC to allow all customers (hosting and non-hosting) to join the KnC mining pool?

wouldn't it be a better result for all KnC customers?

or is this difficult to implement and control the different mining machines connecting to pool?

I'm one who prefers and enjoys gadgets, a gadget junkie you could call me and will be hosting my miners at home.
PS. I will also probably be the first to pull apart one these machines and take some photos of course. I just have to see one in real life  Shocked



No, this would not be better. I imagine that the pool will only be available for internal network connections at the KnC hosting facilities and this reduces the likelihood of a denial of service attack. Reliability is what we want - not massive scale for KnC to make more pool profits.

nightengale
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July 23, 2013, 05:39:56 PM
 #4215

The host or not to host choice is still a matter of what difficulty is when the miner ships, and what BTC is trading at.
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July 23, 2013, 05:46:21 PM
 #4216

The host or not to host choice is still a matter of what difficulty is when the miner ships, and what BTC is trading at.

Yep - it's essentially the same question as whether the purchase price is worth the cost, except hosting puts more emphasis on electricity in the formula. If you have free electricity, hosting is less interesting. If you have a high cost for electricity, then it's almost a no-brainer for at least the first 6 months.

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July 23, 2013, 05:54:10 PM
 #4217

A bit disappointed that they're asking for the hosting $$$ up front. I thought it would be on a month-to-month basis. Anyone else disappointed?

Nope - doesn't bother me at all. It'll be painful for them to chase after people that don't pay their month to month hosting and then they have to be concerned about shutting off customers who just forgot to pay a bill.

I'm all for paying up front.

That could be remedied by not returning the miner to the customer until balance is paid in full, or implementing late fees and service disconnection. I don't think that's too difficult to do. If people are getting ROI, I don't see why customers wouldn't pay the monthly fee to continue to get even more ROI.

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ASIC-K
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July 23, 2013, 05:57:13 PM
 #4218

A bit disappointed that they're asking for the hosting $$$ up front. I thought it would be on a month-to-month basis. Anyone else disappointed?

Nope - doesn't bother me at all. It'll be painful for them to chase after people that don't pay their month to month hosting and then they have to be concerned about shutting off customers who just forgot to pay a bill.

I'm all for paying up front.

That could be remedied by not returning the miner to the customer until balance is paid in full, or implementing late fees and service disconnection. I don't think that's too difficult to do. If people are getting ROI, I don't see why customers wouldn't pay the monthly fee to continue to get even more ROI.

Look, this is stupid. KNC is catering to the high end for people who can afford it. this makes it exclusive. go save your pennies and buy a BFL is you dont like the system.
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July 23, 2013, 05:57:51 PM
 #4219

wouldn't it make better sense for KnC to allow all customers (hosting and non-hosting) to join the KnC mining pool?

wouldn't it be a better result for all KnC customers?

or is this difficult to implement and control the different mining machines connecting to pool?

I'm one who prefers and enjoys gadgets, a gadget junkie you could call me and will be hosting my miners at home.
PS. I will also probably be the first to pull apart one these machines and take some photos of course. I just have to see one in real life  Shocked



No, this would not be better. I imagine that the pool will only be available for internal network connections at the KnC hosting facilities and this reduces the likelihood of a denial of service attack. Reliability is what we want - not massive scale for KnC to make more pool profits.

It is absurd, putting a limit to 5s for denial solves the problem of a DDOS attack. Any current firewall has this option.

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July 23, 2013, 06:01:45 PM
 #4220

A bit disappointed that they're asking for the hosting $$$ up front. I thought it would be on a month-to-month basis. Anyone else disappointed?

Nope - doesn't bother me at all. It'll be painful for them to chase after people that don't pay their month to month hosting and then they have to be concerned about shutting off customers who just forgot to pay a bill.

I'm all for paying up front.

That could be remedied by not returning the miner to the customer until balance is paid in full, or implementing late fees and service disconnection. I don't think that's too difficult to do. If people are getting ROI, I don't see why customers wouldn't pay the monthly fee to continue to get even more ROI.

To me it looks like you pay a premium to start mining in September.  But unless BTC is $150 or higher, its just gonna kill profitability on these with the insane rate of difficulty...I guess so long as you're mining btc, you could just look at it as a deferred ROI if btc doesn't hit or exceed $150 for another 6 months..
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