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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011472 times)
kano
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April 28, 2013, 03:56:45 AM
 #801

What's so special about this FPGA that it can mine anything other than a sha256(sha256()) coin?
A Field Programmable Gate Array (FPGA) can be reprogrammed into doing almost anything you want it to do. If the printed circuit board around it doesn't support your new application, you can still re-use the FPGA.

An Application Specific Integrated Circuit (ASIC) is locked into doing only one thing. It's not field programmable.

So yeah, an FPGA miner probably has higher reuse value than an ASIC.

But that's not something the average customer can do is it? So retail value won't be that much better.

... and, as an example, they'd need to add RAM to it to be able to design and run scrypt mining (litecoin)
... and it's not just go to your local shop and buy some RAM either ...

sha256 uses hardly any memory - it's very different to most other applications in more than one way

The biggest one, in BTC's use of it, is that it needs to do 4 billion iterations to find 0 or more (average 1) results on almost the same data set.
The input (and output) is very simple and very small compared to the work done.

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April 28, 2013, 06:59:55 AM
 #802

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.


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April 28, 2013, 07:09:16 AM
 #803

Hashrate will hit 60 mil this summer, the fgpa miner might not get much btc

"might not" ? You mean NOT ANY.

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April 28, 2013, 07:41:59 AM
 #804

This company obviously is months and months in releasing anything close to a prototype. From their latest news letter they need our money to fund their ASIC project. Since they don't have any money right now, nothing is happening or being done. They have been talking behind closed doors for many weeks now on how they can get A LOT of money from people without delivering anything for a long time. Basically a bunch of loans from everyone with no guarantee you'll even get paid back. So the best thing they could come up with is trying to lure us in by offering a cheap 6 GH toy for almost $3000 so they can use that money to start their ASIC project. If they could offer a 20 GH then it could possibly be a very enticing deal to try out.

In reality no one wants to dump $3000 into an idea anymore. BFL has already stung enough people and we are pretty much sick of giving our hard earned money to endless lies and failed deadlines. And yes, I bring BFL's failure right into this thread because it could very well turn into the same thing.

PLEASE people, if you are smart, not greedy, don't just give away your money to another product that doesn't even exist.

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April 28, 2013, 07:51:45 AM
 #805

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



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Phinnaeus Gage
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April 28, 2013, 08:30:39 AM
 #806

This company obviously is months and months in releasing anything close to a prototype. From their latest news letter they need our money to fund their ASIC project. Since they don't have any money right now, nothing is happening or being done. They have been talking behind closed doors for many weeks now on how they can get A LOT of money from people without delivering anything for a long time. Basically a bunch of loans from everyone with no guarantee you'll even get paid back. So the best thing they could come up with is trying to lure us in by offering a cheap 6 GH toy for almost $3000 so they can use that money to start their ASIC project. If they could offer a 20 GH then it could possibly be a very enticing deal to try out.

In reality no one wants to dump $3000 into an idea anymore. BFL has already stung enough people and we are pretty much sick of giving our hard earned money to endless lies and failed deadlines. And yes, I bring BFL's failure right into this thread because it could very well turn into the same thing.

PLEASE people, if you are smart, not greedy, don't just give away your money to another product that doesn't even exist.


Looks like something out of an Ed Trice play book.
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April 28, 2013, 10:06:18 AM
 #807

May be they will change the price of the 6gh/s miner or goes back to their original plan... we are just waiting. Probably they need a long time to think it over...
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April 28, 2013, 12:11:41 PM
 #808

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

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April 28, 2013, 02:03:25 PM
 #809

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.
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April 28, 2013, 02:13:31 PM
 #810

Can't wait until they have the 250GH/s demo unit.

Rules we all need to know:

Secure your wallet; Bitcoin price is volatile; Bitcoin payments are irreversible; Bitcoin is not anonymous; Instant transactions are less secure; Bitcoin is still experimental; Don't forget government taxes
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April 28, 2013, 02:37:24 PM
 #811

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order. 

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April 28, 2013, 03:09:26 PM
 #812

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order. 

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?
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April 28, 2013, 03:22:56 PM
 #813


Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

Phinnaeus with all due respect this is fear mongering and speculation. Up until this point there has been nothing from KNCMiner aside the intention to deliver by people with valid expertise with the backing of a known and local chip manufacturer. All strong signs. There is no reason to remain anything, but optimistic aside from the volume of Avalon chips creating a potentially massive increase in mining difficulty.

Certainly people have been burnt with BFL's outright dishonesty and lack of integrity, but KNCminer have not requested money, but instead asked for some time to assess the feasibility, deliver some assured news and evidence that this is achievable. So let's not judge their lack of proof to the community until such point that they request funds without evidence.

If they are legitimate it would be a PR nightmare if they didn't provide compelling working evidence, such as a prototype and chance asking for financial backing after all that's occurred with competing 'manufacturers'.

ORSoC has the ability to produce this in house.

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April 28, 2013, 04:09:27 PM
 #814

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.  

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

KNCminer has showed nothing that sugest that they are a scam. The pricing seems logical to me. i am no expert but making ASIC seems to be a costly procese, not just in the pure cost but also in the uncertainty of the bitcoin marked.

The timing is also right, this is the time i would expect new ASIC companies to pop up that did there homework first before they announced anything.

The fact that they are located in sweden is not bad either. sweden got strict laws when it comes to business, not a easy country to scam anybody in. And im norwegian so i must root for my neighbour.

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April 28, 2013, 04:16:18 PM
 #815

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.  

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

KNCminer has showed nothing that sugest that they are a scam. The pricing seems logical to me. i am no expert but making ASIC seems to be a costly procese, not just in the pure cost but also in the uncertainty of the bitcoin marked.

The timing is also right, this is the time i would expect new ASIC companies to pop up that did there homework first before they announced anything.

The fact that they are located in sweden is not bad either. sweden got strict laws when it comes to business, not a easy country to scam anybody in. And im norwegian so i must root for my neighbour.

What a Joker Smiley
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April 28, 2013, 04:23:55 PM
 #816

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.  

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

KNCminer has showed nothing that sugest that they are a scam. The pricing seems logical to me. i am no expert but making ASIC seems to be a costly procese, not just in the pure cost but also in the uncertainty of the bitcoin marked.

The timing is also right, this is the time i would expect new ASIC companies to pop up that did there homework first before they announced anything.

The fact that they are located in sweden is not bad either. sweden got strict laws when it comes to business, not a easy country to scam anybody in. And im norwegian so i must root for my neighbour.

What a Joker Smiley

We will see Smiley

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April 28, 2013, 05:49:22 PM
 #817

$ 2,795.00 for 6 GH FPGA? Hmmm  Shocked
$ 7,000.00 for 250 GH ASIC(?) seems much better deal...


That can't be correct. $3000 for 6GH? And it's not even an ASIC? I don't get it.



you get $2000 discount for the jupiter when buying the mars. so the price is in reality $795. you just pay a bit for the jupiter in advance.
it says up to $2000 so it can be less.

What if they fail to deliver 'Jupiter'? Or if Jupiter fails to live up to the specs on paper? At this stage in the game I would consider this a very risky endeavor.

For me it seems this is a less risky opportunity then BFL or Avalon. KNCminer has had the time to prepare and get things in order.  

Is that based on the unique pricing of their models or showing the community proof of all they've accomplished to date?

KNCminer has showed nothing that sugest that they are a scam. The pricing seems logical to me. i am no expert but making ASIC seems to be a costly procese, not just in the pure cost but also in the uncertainty of the bitcoin marked.

The timing is also right, this is the time i would expect new ASIC companies to pop up that did there homework first before they announced anything.

The fact that they are located in sweden is not bad either. sweden got strict laws when it comes to business, not a easy country to scam anybody in. And im norwegian so i must root for my neighbour.

Actually if their Jupiter miner comes out in September-October, they are too late to the party. Paying $7000 for a 250GH/s miner, will be too expensive because difficulty will be so high that it might take 3-6 months before breaking even. ASICs might have become very little profitable like GPU miners are now.

Also, $3000 for a 6GH/s miner is outrageous. Especially when they claim this on their website: " Shipment begins on mass in just over 2 months".
No batches, just mass pushing it out to the Bitcoin network. Difficulty will skyrocket. One Jalapeno from BFL cost $250, it can do almost the same hashrate. They are already beating kncminer with delivery. Again, kncminer too late to the party...
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April 28, 2013, 05:57:30 PM
 #818

Sweden got strict laws when it comes to business, not a easy country to scam anybody in.

Hah, good one! Even if they got caught they would maybe get 6 months in jail unless they are previously convicted.
If you are good at hiding money and make sure the government/police cant get to it and confiscate them being a criminal in Sweden can be quite lucrative.
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April 28, 2013, 06:25:51 PM
 #819

Holy fuck this thread has gotten so long the amount of massive brain injury is huge. Why can't people stop posting RANDOM SPECULATIVE NON SENSE. Wait for their prototypes which they said they will SHOW and happily CONFIRM before they take any preorder money.

Without them even showing or asking for money this thread has becone 42 pages long. Also, stop with your bullshit speculations on what will be profitable and what wont. All of the comments are based on flawed logic. They all assume higher difficulty at the same bitcoin price which is retarded.

The price of bitcoin could very well increase to $500,$750,$1000,$1000+ so arguing anything about profitability is just insane as there are so many variables.

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April 28, 2013, 06:30:24 PM
 #820

Holy fuck this thread has gotten so long the amount of massive brain injury is huge. Why can't people stop posting RANDOM SPECULATIVE NON SENSE. Wait for their prototypes which they said they will SHOW and happily CONFIRM before they take any preorder money.

Without them even showing or asking for money this thread has becone 42 pages long. Also, stop with your bullshit speculations on what will be profitable and what wont. All of the comments are based on flawed logic. They all assume higher difficulty at the same bitcoin price which is retarded.

The price of bitcoin could very well increase to $500,$750,$1000,$1000+ so arguing anything about profitability is just insane as there are so many variables.



It could also decrease, that shouldn't be ignored. Common sense.

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