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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007672 times)
jelin1984
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August 30, 2013, 02:38:56 PM
 #7761

i think that first miners will be ship at end of october
so no roi
my friends
no roi

i think knc must delivered jupiter with 6 boards not 4 boards
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bbxx
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August 30, 2013, 02:43:38 PM
 #7762

That's why most people here have bbxx, crumbs, and kuroth on IGNORE.

lol, only circle jerks, paid shills and trolls have ignored me.
read my post history it is not crap.
jmw74
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August 30, 2013, 02:46:19 PM
 #7763

...
What i'm pointing to is *pre-orders break the feedback loop*.  The miners that will be coming online in the predictable future are already bought & paid for.  There is no feedback loop involved -- no governor, the buyers are locked in.  All the way into next year.  The only choice is unloading the gear to a greater fool, or mining as long as possible to recoup some of the wasted money.  The difficulty will keep going up as more pre-orders are built & put online.
Something like that.


Yup, that is true, there is a delay between paying and beginning to mine.  However, there has been a market for people selling their pre-order place in line so that should mitigate the effect you describe.  They weren't locked in.

I do agree though that with KNCMiner you *are* locked in.  You can't sell your place in line because a) you don't know it and b) it's not clear that being first in line will result in receiving your order significantly earlier than anyone else.  That's a big mistake on KNC's part, IMO.

That's one thing BFL did right - they at least allowed a secondary market to exist.

Buying & selling of pre-orders can't extinguish *any* of the hashrate that will go online once those pre-orders ship.
Once the pre-orders are placed, the hashrate *is* locked in.
Once X(MH/s) are pre-ordered, the hash rate can only increase, never decrease.  The only exceptions are refunds (though if the gear exists, it will be mined), and electricity costs making mining unprofitable for certain miners (unlikely in near-term).

My point is trivial -- there exists a plausible scenario where *all* the miners who have pre-ordered their gear will be mining at a loss.  This scenario is made more probable by the pre-order schemes and the constant influx of new ASIC manufacturers.  

Can't argue with you there.  It's definitely plausible.  

Whether I profit or not depends almost entirely on when I receive my equipment relative to everyone else.  For example, Jeff Garzik received his avalon first and hit ROI in a couple of days.  

However let's say Avalon had shipped their entire supply at once so that everyone began mining at the same time.  It's plausible that absolutely everyone who ordered one would have taken a loss.
Roger100
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August 30, 2013, 02:46:39 PM
 #7764

Anyone here asked for a refund on a knc miner? If so, did you get your money back in a timely manner?
carlotech
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August 30, 2013, 02:46:54 PM
 #7765

Yup true no roi.

BTC: 152uFGxTKLqFFBcogXgtFUanv1jaTB18ox    LTC:  LQ5zGYpNgXZ9CHbavbX7FC9HSRzv8ZQdUC

https://www.kncminer.com/?resellerid=127
sickpig
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August 30, 2013, 02:51:25 PM
 #7766

Anyone here asked for a refund on a knc miner? If so, did you get your money back in a timely manner?

There are plenty of posts about refunds, they are waiting for you to read

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
Biomech
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August 30, 2013, 02:51:39 PM
 #7767

Ok. I asked this in another thread already, but HERE, I particularly do not understand where a lot of you are coming from.

First off, no matter what you WILL achieve ROI, so I have to assume you mean POSITIVE ROI. But even given that niggle, there is virtually no way these machines will not reach break even in a fairly short time, after which your only ongoing expense is electricity, which is not that great of an expense on these devices.

So, those of you crying "no ROI" over and over again, WHAT FREAKIN" TIME FRAME ARE YOU TRYING TO BEAT?Huh

I mean really. An ivestment that is likely to break even in less than a year??? That's insanely positive by most any business metric you care to apply! There are many investors who do not intend to break even for decades in other areas of business. I think the doom and gloom shows a deep lack of belief in the long term viability of bitcoin itself. I don't know how representative you are, but if you, the hardcore miners, are this concerned about the short term, then perhaps the experiment has already failed.

Or you just aren't thinking it through.

In the long term, bitcoin will succeed or fail based on just one thing. Acceptance by the markets.

THAT is what you ALL should be focusing on. If the coin does not purchase anything, it is worthless. If it does, it is not. The wider it's acceptance, given it's built in scarcity, the greater it's long term value. Thus, if you get declining returns from your miner (somewhat inevitable) but the market grows, then your ROI is directly positively affected. OTOH, if a lot of miners throw their hands in the air and their machines in the dustbin, the difficulty drops, and the miners that remain grab buckets full of bitcoin, it won't matter at all if the markets do not accept it as a viable unit of exchange.

Personally, I think it's really only a few short sighted individuals making a lot of noise, but do think about what you are saying about the long term of this experiment before deciding that break even has to occur the day after tomorrow or there is no profit.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
titomane
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August 30, 2013, 02:55:11 PM
 #7768

Hi everybody,

We are Swedish miners that are producing our own ASIC miners to strengthen the market and avoid monopoly.
Our company kncminer is pleased to announce the opening of a brand new web shop dedicated to the online sale of Bitcoin hardware to the international community, www.kncminer.com.

A lot of scam sites are appearing every day and we are not one of them, therefore we will not take any orders and are only registering interest.

We will in the upcoming weeks opening our order book to allow the purchase of our first set of ASIC miners. They are in the early stages of development now and will be ready in the summer of 2013 (yes in just a few months)
Register an account now it’s completely free and if you subscribe to our newsletter we will alert you the moment we open the order books for entry and other information around the ASIC products.
If you have any questions we will be happy to answer them.

Happy mining


Summer ends on September 22th

jelin1984
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August 30, 2013, 03:01:14 PM
 #7769

i think that all here in these forum members.
helps companies like
knc bfl labs
to start their bussiness.

i mean now bfl labs no need our money
also knc also

so knc does not worries if we have or not have roi
they have our money at start when they need it
so
they will have enough asics chips untill end of these year

SO NEVER
BUT NEVER
HELP AGAIN
ANY COMPANY
TO START BUSINESS WITH OUR MONEY
crumbs
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August 30, 2013, 03:01:39 PM
 #7770

Ok. I asked this in another thread already, but HERE, I particularly do not understand where a lot of you are coming from.

First off, no matter what you WILL achieve ROI, so I have to assume you mean POSITIVE ROI. But even given that niggle, there is virtually no way these machines will not reach break even in a fairly short time, after which your only ongoing expense is electricity, which is not that great of an expense on these devices.

So, those of you crying "no ROI" over and over again, WHAT FREAKIN" TIME FRAME ARE YOU TRYING TO BEAT?Huh

Any frickin' timeframe.  Please see here.

Quote
I mean really. An ivestment that is likely to break even in less than a year??? That's insanely positive by most any business metric you care to apply! ...

If you don't break even in a year, you never will.  Never.  Unless conventional difficulty predictions are just a bunch of fud, spread by evol gobment infiltrators.
eve
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August 30, 2013, 03:03:27 PM
 #7771

https://www.kncminer.com/news

Quote
Small Update
8/30/2013 2:01:00 PM
Ok so a few of announcements;
....
Finally we wish to confirm that yes we are still on track for our delivery towards the end of September.

Thanks,

KnCMiner Team.

www.kncminer.com

ok. so no chips, no working boards with thoose chips, no stability tests etc.
3 weeks left
good luck, bfl has chips few months before delivery, you have no chips and 3 weeks.


Yes Where are those chips? KnC Miner news today was 1) Slogan 2) The winner of the Slogan 3) Printing of Slogan on Controller Board, 4)
Configure their own Cgminer 5) Power Supplies 6) Still on track for September delivery and 7) Nothing on the Chips, Never say anything about the Chips? Why? We Wonder Why?
jmw74
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August 30, 2013, 03:03:52 PM
 #7772

Ok. I asked this in another thread already, but HERE, I particularly do not understand where a lot of you are coming from.

First off, no matter what you WILL achieve ROI, so I have to assume you mean POSITIVE ROI. But even given that niggle, there is virtually no way these machines will not reach break even in a fairly short time, after which your only ongoing expense is electricity, which is not that great of an expense on these devices.

So, those of you crying "no ROI" over and over again, WHAT FREAKIN" TIME FRAME ARE YOU TRYING TO BEAT?Huh

I mean really. An ivestment that is likely to break even in less than a year??? That's insanely positive by most any business metric you care to apply! There are many investors who do not intend to break even for decades in other areas of business. I think the doom and gloom shows a deep lack of belief in the long term viability of bitcoin itself. I don't know how representative you are, but if you, the hardcore miners, are this concerned about the short term, then perhaps the experiment has already failed.

Or you just aren't thinking it through.

In the long term, bitcoin will succeed or fail based on just one thing. Acceptance by the markets.

THAT is what you ALL should be focusing on. If the coin does not purchase anything, it is worthless. If it does, it is not. The wider it's acceptance, given it's built in scarcity, the greater it's long term value. Thus, if you get declining returns from your miner (somewhat inevitable) but the market grows, then your ROI is directly positively affected. OTOH, if a lot of miners throw their hands in the air and their machines in the dustbin, the difficulty drops, and the miners that remain grab buckets full of bitcoin, it won't matter at all if the markets do not accept it as a viable unit of exchange.

Personally, I think it's really only a few short sighted individuals making a lot of noise, but do think about what you are saying about the long term of this experiment before deciding that break even has to occur the day after tomorrow or there is no profit.

Depending on how fast the difficulty increases, these miners could cost more in electricity than they earn in BTC as soon as spring, and probably no later than end of 2014.  The earnings from these machines fall off exponentially, so that nearly all the earnings are in the first few months.

So no, people here are not just concerned about the short term, they are talking about the lifetime of the equipment.  It's just the nature of the game that the lifetime will be pretty short.
plasmoske
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August 30, 2013, 03:08:12 PM
 #7773

Well it's just the mining game. If you ain't got spare cash to play around with, don't even bother mining.

You're probably better off just buying btc and holding.

All the people with No roi, boohoo, where is refund, omg no chips, where is roi???

Seriously. If you're that worried, maybe you've spent just way too much money than you can afford.
ImI
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August 30, 2013, 03:10:37 PM
 #7774

That's why most people here have bbxx, crumbs, and kuroth on IGNORE.

lol, only circle jerks, paid shills and trolls have ignored me.
read my post history it is not crap.

Hmmm, you mean posts like this one?

Hmm thats a lot.

I think in 2-3 months it will be much more, solidcoin will never die.

LOL!

jmw74
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August 30, 2013, 03:11:45 PM
 #7775

https://www.kncminer.com/news

Quote
Small Update
8/30/2013 2:01:00 PM
Ok so a few of announcements;
....
Finally we wish to confirm that yes we are still on track for our delivery towards the end of September.

Thanks,

KnCMiner Team.

www.kncminer.com

ok. so no chips, no working boards with thoose chips, no stability tests etc.
3 weeks left
good luck, bfl has chips few months before delivery, you have no chips and 3 weeks.


Yes Where are those chips? KnC Miner news today was 1) Slogan 2) The winner of the Slogan 3) Printing of Slogan on Controller Board, 4)
Configure their own Cgminer 5) Power Supplies 6) Still on track for September delivery and 7) Nothing on the Chips, Never say anything about the Chips? Why? We Wonder Why?

It just comes down to, will they do what they said they will do?  Other companies haven't, and this whole business seems to encourage dishonesty.  

But so far KNC has done what they say they will do.  Granted that doesn't mean much, since all they've had to do so far is relatively easy.  So far they haven't really done anything suspicious, other than sell mining rigs Smiley  But we all knew that from the beginning.
DPoS
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August 30, 2013, 03:19:55 PM
 #7776

I kind of feel like all this mining hardware is going to pay off, in USD, not so much in btc. Not even close in terms of bitcoins, but it will be huge to the exchange rate.

That makes no sense.  If it doesn't pay off in bitcoins, then you're better off buying bitcoins instead of a miner.

So where can you buy $14000 worth of BTC on credit card?  Huh smarty? Any fees added even if you could?

~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
bbxx
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August 30, 2013, 03:21:32 PM
 #7777

I kind of feel like all this mining hardware is going to pay off, in USD, not so much in btc. Not even close in terms of bitcoins, but it will be huge to the exchange rate.

That makes no sense.  If it doesn't pay off in bitcoins, then you're better off buying bitcoins instead of a miner.

So where can you buy $14000 worth of BTC on credit card?  Huh smarty? Any fees added even if you could?


buy some stuff with credit card
and sell it via bitmit/coingig/forums
earn credit card bonus from the bank

Smiley
jelin1984
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August 30, 2013, 03:22:30 PM
 #7778

if everyone here ask for refund

knc company
will be crashed

owners of the company  will go to jail
Miner538
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Destined to be great


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August 30, 2013, 03:22:43 PM
 #7779

hello everybody,

Ive bought an Mercury from KNC and ive fully paid it.
I hope they deliver, otherwise i don't give a F*CK about it because i already knew where i was putting my money into.

If i dont make ROI bad luck, If they don't give out their orders/aisic's bad luck too.

I am Aware of that fact, and i find it very exciting to be able to even buy one of those machine's there wi'll be loads of people who can't so if you joined this experience of a lifetime-gamble, be happy about it and maybe u can tell a great story of succes/failure at birthday party's where nowaday's everybody is playing candy-crush on their friggin phones xD


1ANbJxTmuWoA7bm4yuUMA4MvPh2qhazMHu
In need of a BTC Miner ?
https://www.kncminer.com/?resellerid=607
bbxx
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cryptoshark


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August 30, 2013, 03:24:37 PM
 #7780

That's why most people here have bbxx, crumbs, and kuroth on IGNORE.

lol, only circle jerks, paid shills and trolls have ignored me.
read my post history it is not crap.

Hmmm, you mean posts like this one?

Hmm thats a lot.

I think in 2-3 months it will be much more, solidcoin will never die.

LOL!




I bought a BFL's Jalapeno but was that a mistake?

Are they scammers?



I ordered one too.

The day you get your Jalapeno you wont make any money with it anymore. Maybe a little better than BE.

But hey maybe it worth a try.  Wink


LOLOLOLOL

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