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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007670 times)
sbfree
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August 22, 2013, 07:42:03 PM
 #6821

I just called KNC from USA and no answer....lunch time.....called again couple minutes later and got an answer....althought not what I wanted to hear...arrggghhhh

BUT on the other hand, they didn't try to get at my money like a potential scam most likely would have....so all in all postive.

hh, what you want to hear?.)


BUT on the other hand, they didn't try to get at my money like a potential scam most likely would have....so all in all postive.

Answers? Only 15 bucks upfront!

To answer you both.....

I ordered the  Saturn (paid in full many many days ago so I should be day 3 if there is such a thing) and as I tried to upgrade to Jupiter, my credit card payment would NOT go through, so I placed the order but did not fulfill the purchase.

As I was able to figure out my credit card problem I called KNC to see if I could still complete the transaction ( or in other words pay for the upgrade.)

The answer I did not want to hear was 'NO, you can't pay for upgrade anymore.'

The answer I DID WANT was 'Yes, we will gladly take your money for the Upgrade.' WHICH is exactly what a scammer would have said if this is a scam.

So minerpumpkin it is a hell of alot more than $15 for the Saturn and the upgrade.

The guy who answered said that they will be selling upgrades for us to install once they start shipping but no price or timeline given, nor did I ask.

Call for yourselves and ask away....
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DeathAndTaxes
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August 22, 2013, 07:45:20 PM
 #6822

What is going to happen, people like Intel and Samsung coming in and crushing all the small time players? 

No.  Of all the risks this isn't one.  Total annual bitcoin revenue is a rounding error for a company like Samsung or Intel.  In theory (and I am not saying it is likely) some years or decades from now when Bitcoin is many magnitudes larger it might attract the interest of a major semiconductor company however by then the Bitcoin ASIC companies who have survived will have years of experience.  A big player would simply buy the company outright to hit the ground running. 
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Gerald Davis


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August 22, 2013, 07:46:49 PM
 #6823


Not sure what the relevance of a part made by lineage?  Didn't KNC state the power supply used in from GE Critical Power?
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August 22, 2013, 07:46:59 PM
 #6824

I've spoken personally to a couple people now about their dealings with TerraHash as well and it's not favorable at all?  What is going to happen, people like Intel and Samsung coming in and crushing all the small time players?  I am just looking for my small piece of the pie here.

Just buy bitcoins then. Or buy from a company that has stock in hand already, like bitfury. If you want to take a risk and invest into a pre-order I would suggest going with KnC. Also make sure you check out http://mining.thegenesisblock.com/

Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.
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August 22, 2013, 07:47:28 PM
 #6825

What is going to happen, people like Intel and Samsung coming in and crushing all the small time players? 

No.  Of all the risks this isn't one.  Total annual bitcoin revenue is a rounding error for a company like Samsung or Intel.  In theory (and I am not saying it is likely) some years or decades from now when Bitcoin is many magnitudes larger it might attract the interest of a major semiconductor company however by then the Bitcoin ASIC companies who have survived will have years of experience.  A big player would simply buy the company outright to hit the ground running. 
Not possible imo, but if price gets at 1000 before Christmas not sure they will be still not interested!
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August 22, 2013, 07:55:20 PM
 #6826

I've spoken personally to a couple people now about their dealings with TerraHash as well and it's not favorable at all?  What is going to happen, people like Intel and Samsung coming in and crushing all the small time players?  I am just looking for my small piece of the pie here.

Just buy bitcoins then. Or buy from a company that has stock in hand already, like bitfury. If you want to take a risk and invest into a pre-order I would suggest going with KnC. Also make sure you check out http://mining.thegenesisblock.com/

Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

Wow! That is quite bad! Been a while since I did the calculation. And it assumes mtgox exchange rate.  Sad

I sure hope they come significantly above specs and before the end of September.

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August 22, 2013, 07:56:54 PM
 #6827

I've spoken personally to a couple people now about their dealings with TerraHash as well and it's not favorable at all?  What is going to happen, people like Intel and Samsung coming in and crushing all the small time players?  I am just looking for my small piece of the pie here.

Just buy bitcoins then. Or buy from a company that has stock in hand already, like bitfury. If you want to take a risk and invest into a pre-order I would suggest going with KnC. Also make sure you check out http://mining.thegenesisblock.com/

Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.

Also it bases prices of kit bought in November and beyond on what details we have now. Miners won't be selling for those prices come Jan. They will have to be priced more competitively.

Crucially for KnC buyers is what happens between Sept and Jan and how quick we can plug in units configured to wallets, which is also out of out hands currently...

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
ultrix
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August 22, 2013, 07:57:00 PM
 #6828


Not sure what the relevance of a part made by lineage?  Didn't KNC state the power supply used in from GE Critical Power?

If you will kindly draw your attention to the footer of each page of the datasheet.
FeedbackLoop
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August 22, 2013, 08:01:47 PM
 #6829


Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.


What do you mean? Isn't the rise exponential?

islandsound
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August 22, 2013, 08:04:45 PM
 #6830

I've spoken personally to a couple people now about their dealings with TerraHash as well and it's not favorable at all?  What is going to happen, people like Intel and Samsung coming in and crushing all the small time players?  I am just looking for my small piece of the pie here.

Just buy bitcoins then. Or buy from a company that has stock in hand already, like bitfury. If you want to take a risk and invest into a pre-order I would suggest going with KnC. Also make sure you check out http://mining.thegenesisblock.com/

Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.

Also it bases prices of kit bought in November and beyond on what details we have now. Miners won't be selling for those prices come Jan. They will have to be priced more competitively.

Crucially for KnC buyers is what happens between Sept and Jan and how quick we can plug in units configured to wallets, which is also out of out hands currently...


Great info guys, really dig everyones in depth knowledge here about all of this.  Another question relating to the calc was the listing of other hardware vendors.  Has anyone talked to or have dealings with any of the other vendors.  More specifically:

Hash Fast
Cointerra
Bitfury

Phoenix1969
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LIR DEV


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August 22, 2013, 08:07:02 PM
 #6831


Not sure what the relevance of a part made by lineage?  Didn't KNC state the power supply used in from GE Critical Power?

If you will kindly draw your attention to the footer of each page of the datasheet.

Kindly draw your attention to what KNC just told you...



Not once, but twice, lol


                     ▀▀█████████▀████████████████▄
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LetItRide
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[BTC]▄█████████████▀ ▄█
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Bitcoinorama
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August 22, 2013, 08:07:28 PM
 #6832


Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.


What do you mean? Isn't the rise exponential?



Yes but the SP isn't fixed, is it? Although we can assume within a standard deviation there is some accuracy without a significant newsworthy change occurring to impact it either positively, or negatively.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
ultrix
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August 22, 2013, 08:09:58 PM
 #6833


Not sure what the relevance of a part made by lineage?  Didn't KNC state the power supply used in from GE Critical Power?

If you will kindly draw your attention to the footer of each page of the datasheet.

Kindly draw your attention to what KNC just told you...



Man, is it too hard for people to load a PDF and also realize Lineage Power is owned by GE?  Here's a hint "©2012 General Electric Company. All rights reserved.".  I hope you cannot reproduce as I would hate to see your poor genetics further degrading the human race.

Edit:  Also their webpage is all GE branding.  Please die in a fire immediately.
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August 22, 2013, 08:16:35 PM
 #6834


Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.


What do you mean? Isn't the rise exponential?



Yes but the SP isn't fixed, is it? Although we can assume within a standard deviation there is some accuracy without a significant newsworthy change occurring to impact it either positively, or negatively.


What's SP?

Bitcoinorama
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August 22, 2013, 08:19:08 PM
 #6835


Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.


What do you mean? Isn't the rise exponential?



Yes but the SP isn't fixed, is it? Although we can assume within a standard deviation there is some accuracy without a significant newsworthy change occurring to impact it either positively, or negatively.


What's SP?



Sorry it's a trading term, or rather an acronym. It means 'stock price', or 'sale price'. I was referring to the BTC/USD exchange rate.

With respect to any of the calcs, you can only assume a preferred figure, but any perceived price is impossible to calculate with any accuracy. If it falls, you loose until the price increases, if it increases significantly then all the exponential hashrate increase and electricity costs bare less significance. That said of it increases significantly you can bet your ass more units will sell and more manufacturers will appear as it will once again become an attractive proposition until such point that profit/electricity costs become unbearable for some to continue mining.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
ultrix
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August 22, 2013, 08:20:12 PM
 #6836

Your specs simply don't match what was given, and the modules are sold under many names.

They have multiple modules, hence 320A.  Top of the datasheet: "4.5Vdc –14.4Vdc input; 0.45Vdc to 2.0Vdc output; 40A Output Current".   Same as KNC posted.
How do you even type?
FeedbackLoop
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August 22, 2013, 08:22:50 PM
 #6837


Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.


What do you mean? Isn't the rise exponential?



Yes but the SP isn't fixed, is it? Although we can assume within a standard deviation there is some accuracy without a significant newsworthy change occurring to impact it either positively, or negatively.


What's SP?



Sorry you use it in trading, it means 'stock price', or 'sale price'. I was referring to the BTC/USD exchange price.

But if the miner is only profitable (in USD) if the exchange rate increases then you are better off buying BTC upfront. I don't see the point of calculations assuming a variable exchange rate.







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August 22, 2013, 08:25:35 PM
 #6838


Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.


What do you mean? Isn't the rise exponential?



Yes but the SP isn't fixed, is it? Although we can assume within a standard deviation there is some accuracy without a significant newsworthy change occurring to impact it either positively, or negatively.

If you wish to factor out the fluctuating BTC price, simply assume that you have bought coin @ market rate for the price of the miner.  
Glad to have helped to dispel uncertainty Roll Eyes
Edit: What FeedbackLoop sez.
sbfree
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August 22, 2013, 08:25:49 PM
 #6839

I've spoken personally to a couple people now about their dealings with TerraHash as well and it's not favorable at all?  What is going to happen, people like Intel and Samsung coming in and crushing all the small time players?  I am just looking for my small piece of the pie here.

Just buy bitcoins then. Or buy from a company that has stock in hand already, like bitfury. If you want to take a risk and invest into a pre-order I would suggest going with KnC. Also make sure you check out http://mining.thegenesisblock.com/

Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.

Also it bases prices of kit bought in November and beyond on what details we have now. Miners won't be selling for those prices come Jan. They will have to be priced more competitively.

Crucially for KnC buyers is what happens between Sept and Jan and how quick we can plug in units configured to wallets, which is also out of out hands currently...

Bitcoinorama, I noticed you said "we" in your last line....I take it you are a buyer of at least one of these units then? I do recall you stating early on that you were interested in a possible PR type job with an ASIC company....but I don't recall you stating that you were also a buyer of a KNC UNIT.

Just checking is all....
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August 22, 2013, 08:28:21 PM
 #6840


Is http://mining.thegenesisblock.com/ the best calc to use at this point?  I see a bunch of them out there and this seems to be the only one that is either very accurate or is the least favorable.

It's very pessimistic, it takes into account the compunded exponential rise in hashrate, rather than a fixed rate over time, that's why it's become popular. It's not accurate though, nothing can be unless it can foresee the Bitcoin SP, and related price fluctuations.


What do you mean? Isn't the rise exponential?



Yes but the SP isn't fixed, is it? Although we can assume within a standard deviation there is some accuracy without a significant newsworthy change occurring to impact it either positively, or negatively.


What's SP?



Sorry you use it in trading, it means 'stock price', or 'sale price'. I was referring to the BTC/USD exchange price.

But if the miner is only profitable (in USD) if the exchange rate increases then you are better off buying BTC upfront. I don't see the point of calculations assuming a variable exchange rate.









Perhaps but you have to attribute the value of the currency to something familiar until such point it is recognised by it's own merit. Currently you pay for your electricity in some forum of fiat, and the bits of the coin (satoshis) you profit with a day will at somepoint be dictated by the electricity cost to accumulate them and of course the overall price you paid to get there via the mining device of choice.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
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