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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007568 times)
Searing
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June 05, 2016, 12:53:25 PM
 #42361


Found this article and translated it (kinda) with google translate. I did not realize that KNC managed to get 250 million bucks for an investment on their now defunct company. I mean really 1/4 of a Billion Bucks!! Sheesh. (Evil: We do it well.) (tm KNC)



More likely Kroner, not USD. That would be ~ 30M USD

I like that better. Much less they got away with.

 

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June 05, 2016, 05:58:11 PM
 #42362

ANNOUNCEMENT:
Quick update for anyone interested and using GenTarkin's MOD (my firmware)...

Ive tested knc 2.0.2 firmware and implemented it into my firmware as a free addon package.
Changes include -
new BFGMiner 5.4.2 from KNC for the Titan
an updated version of waas utility
I changed my licensing info a bit

Ive already sent out emails to my customer w/ the information.

More information and download links here:
gentarkincustomtitan.pcriot.com/ann-bfgminer-5-4-2-installeruninstaller-files-for-my-firmware-free/


Was there knc 2.02 firmware release with .bin file?

Nope, its just on their github w/ no .bin release. So, I made their v2.0.2 changes myself to my firmware and created a .bin for you guys.

GenTarkin's MOD Kncminer Titan custom firmware! v1.0.4! <--- CLICK HERE
Donations: bitcoin- 1Px71mWNQNKW19xuARqrmnbcem1dXqJ3At || litecoin- LYXrLis3ik6TRn8tdvzAyJ264DRvwYVeEw
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June 06, 2016, 12:24:05 PM
 #42363

No shortage of hash powr (the .7v) down there either.

What does this mean? Is it bad idea to under volt the dies? I thought it was good thing to do, less electricity and less heat.

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June 06, 2016, 05:06:18 PM
 #42364

Hey Guys!
I have some questions regarding the Neptunes.
How do i clean the Neptune-cubes most effectivly? Smiley
And if your running some different firmwares, give me some tips on what to run?

Kind regards emiL932
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I fix broken miners. And make holes in teeth :-)


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June 06, 2016, 08:28:09 PM
 #42365

No shortage of hash powr (the .7v) down there either.

What does this mean? Is it bad idea to under volt the dies? I thought it was good thing to do, less electricity and less heat.
No I was talking about the fact that the units had enough power planes going to the dies without having to run huge amounts of low voltage electricity across the board. Undervolting is fine, but lower voltage to maintain the same hash rate requires higher current.

C

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June 06, 2016, 10:25:51 PM
 #42366

Class Action Lawsuit Resumes Against Bankrupt Bitcoin Miner KnC
http://www.coindesk.com/class-action-lawsuit-resumes-defunct-bitcoin-miner-knc/

Quote
"We have handed over all claims with the verifications to the criminal authorities for them to initiate the process of freezing KnC assets to cover your claim."



Second time lucky!!


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June 07, 2016, 06:20:12 AM
 #42367

No shortage of hash powr (the .7v) down there either.

What does this mean? Is it bad idea to under volt the dies? I thought it was good thing to do, less electricity and less heat.
No I was talking about the fact that the units had enough power planes going to the dies without having to run huge amounts of low voltage electricity across the board. Undervolting is fine, but lower voltage to maintain the same hash rate requires higher current.

C



Thanks for the explanation!

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The Avenger
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June 08, 2016, 05:13:29 PM
 #42368

Discussion on reddit that knc music factory ("Everybodies scammed now!") might have ceased mining operations.

https://www.reddit.com/r/btc/comments/4n4c87/seems_like_knc_miner_have_turned_off_their/

Hopefully linked to the above lawsuit  Tongue Grin

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June 08, 2016, 09:51:37 PM
 #42369

Well, they just found a block (block 415410) so either they started again or had really bad luck the last day

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June 10, 2016, 04:00:39 PM
 #42370

When are you going to ship them?

Alright, I just received my second batch of Titan Bridge Boards. 3-4 boards are still available to be sold before I ship everything out to everybody (lowered price of 0.20 BTC each since I ordered a bigger batch this time.). If you want one, be sure to PM me.
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June 10, 2016, 06:04:51 PM
 #42371

When are you going to ship them?

Alright, I just received my second batch of Titan Bridge Boards. 3-4 boards are still available to be sold before I ship everything out to everybody (lowered price of 0.20 BTC each since I ordered a bigger batch this time.). If you want one, be sure to PM me.

The same question here. I hope that you write when my 10 Bridge Boards shipped is.

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June 10, 2016, 10:47:33 PM
 #42372

---snip
added: Sam Cole Interview: 6 months ago more or less....all looked 'golden' then from the Interview Smiley

https://www.youtube.com/watch?v=RDnA6i6oEvA

time: 7:50

Makes you realize that "we" (as in greedy bitcoiners) gave them money up front to develop their ASIC's.
Without people buying preorders, KnC would have been nothing.

Cryptography is one of the few things you can truly trust.
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June 10, 2016, 11:53:38 PM
 #42373

---snip
added: Sam Cole Interview: 6 months ago more or less....all looked 'golden' then from the Interview Smiley

https://www.youtube.com/watch?v=RDnA6i6oEvA

time: 7:50

Makes you realize that "we" (as in greedy bitcoiners) gave them money up front to develop their ASIC's.
Without people buying preorders, KnC would have been nothing.

True but to be fair they were a 'very legit' company with the KNC Jupiter 550gh stuff in 2013. The took paypal no one had any issues at all.

IT was the $$$ ...when they figured out they could mine themselves around jan 2014 and then went to the dark side.

Like NUN to PORNSTAR it was that shocking.

Of course I'd switched my Neptune to a Titan like a week or so before the Frankenjupiter mess...then the IRS 2013 guidelines came out

sheesh...

but anyway ..it was like finding out your 'nice' neighbor was chopping up neighbor kids and putting them in the freezer it was that shocking to me anyway.

(Also explains why I and others are so over the top p/o'd ......human nature being what it is...the whole thing shifting that quick freaked us all out...and then
as we have come to find out since the 'lies' on what could or could not be done on hardware/firmware from knc forums and techs...well anyway quite the ride)

anyway my 2 satoshsi's

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June 13, 2016, 01:07:12 PM
 #42374

Considering my two Titans only average 568 Mh/s (They did do over 600 Mh/s for six days) I have mixed feelings on the KNC bankruptcy. There was definitely no advantage to receiving the first two Titans shipped as far as I know (since later ones shipped exceeded 800 Mh/s for two). My two neptunes did break even and then I shut them off.

Definitely when the Titans die off my mining days will be over.
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June 13, 2016, 01:42:55 PM
 #42375


Found this article and translated it (kinda) with google translate. I did not realize that KNC managed to get 250 million bucks for an investment on their now defunct company. I mean really 1/4 of a Billion Bucks!! Sheesh. (Evil: We do it well.) (tm KNC)

Anyway here is the link:

https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fdigital.di.se%2Fartikel%2Fkommentar-blind-girighet-bakom-bitcoin-haveriet&edit-text=&act=url




Does look impressive as hell though.don't it. Smiley


added: Sam Cole Interview: 6 months ago more or less....all looked 'golden' then from the Interview Smiley

https://www.youtube.com/watch?v=RDnA6i6oEvA

OMg that is really sick

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June 14, 2016, 07:40:18 AM
 #42376

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news
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June 14, 2016, 09:25:25 AM
 #42377

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news

Does not mean much in that Sam Cole and the other principles from KNC own the majority of this. Did not hear a lot of yelling for IPO $$$ for this venture.

Where all the $$$ went don't ya know. Sam used to a banker so it all becomes clear now imho Smiley

Still no big difficulty jump back for LTC imho. The difficulty rises we have seen could be from only the price jump in LTC price.

So I am still wondering if there really was a Titan Farm they never let on about. That was shut down by KNC (Someone said the 19% difficulty drop in LTC was equiv to 666 Titans)

I gotta say they sure mucked up by 'bankrupting early' with the BTC shooting up etc.....poor fellows only made so many $$$ not the much more $$$ they

could have made..if they'd stuck it out longer they'd be golden (again from what I can tell)


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Unacceptable
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June 14, 2016, 09:20:25 PM
 #42378

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news

Does not mean much in that Sam Cole and the other principles from KNC own the majority of this. Did not hear a lot of yelling for IPO $$$ for this venture.

Where all the $$$ went don't ya know. Sam used to a banker so it all becomes clear now imho Smiley

Still no big difficulty jump back for LTC imho. The difficulty rises we have seen could be from only the price jump in LTC price.

So I am still wondering if there really was a Titan Farm they never let on about. That was shut down by KNC (Someone said the 19% difficulty drop in LTC was equiv to 666 Titans)

I gotta say they sure mucked up by 'bankrupting early' with the BTC shooting up etc.....poor fellows only made so many $$$ not the much more $$$ they

could have made..if they'd stuck it out longer they'd be golden (again from what I can tell)



The "farm" just changed names,I'm sure Sammy boy didn't get rid of it.The diff & network haven't dropped any amount so.........

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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June 14, 2016, 10:29:41 PM
 #42379

I gotta say they sure mucked up by 'bankrupting early' with the BTC shooting up etc.....poor fellows only made so many $$$ not the much more $$$ they

could have made..if they'd stuck it out longer they'd be golden (again from what I can tell)

They're still mining.
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June 14, 2016, 10:47:00 PM
 #42380

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news
Would have to guess from your username and the subject of your only post in this thread you are Johan Wattenström, CEO and co-founder of the XBT Group.

Care to say anything about the morally bankrupt company that used to be your guarantor?

"I am not The Avenger"
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