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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012818 times)
Phoenix1969
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September 18, 2013, 05:30:40 PM
 #9861

I'm actually happy so many decide to bail. Any decrease in deliveries is a bonus for us getting ours sooner really. Over the last four months, I can't tell you guys(and gals) how many hours we spent in meetings discussing Bitcoin and our strategies. Bailing from the investment was actually discussed very little, as was the comparison if we were to have invested the same amount in coin. First of all, the electricity cost (Gh/s per kw) will be the deciding factor on exactly how long any miners will produce coin very soon. We knew this would happen as the ROI began to stretch into oblivion. We also know, that people are not going to be mining at a loss for very long, when they figure out that the electricity is costing them more than the units bring in. Best we could estimate, is this should begin to happen around the New Year for some of the earlier manufacturer's machines.
At that point, there should be a "Tapering down" beginning to hit the diff increases, and (mostly)only the most efficient miners will be hashing, because there are not many folks that will continue to operate miners at a loss. At that point, most of the smaller investors (and players) will be dropping from the hash-cloud, which will result in a huge stabilizing of BTC volatility, and get BTC on track for an imminent rise in BTC price.
With all this in mind, it's a game of longevity, and MARKETSHARE(in hashpower), all depending on your ability to obtain the most cost-effective miners, and the cheapest electric.... and lots of it.  I actually smile inside watching people bail as the difficulty rises, because it just means we are all the closer to seeing our predictions unfold, and getting rid of most of the people who saw BTC as a "Get rich quick" opportunity, bringing us on track with a more stable system as global adaptation takes hold as well. I don't really feel sorry for those who got caught ordering machines from companies that had little to no experience in making asics because that's all part of doing your homework. The first rule in investing is "Knowing what you own", followed by a stop-loss system. I understand the allure surely though... "A machine that makes money" . How could you go wrong?
Several ways. The next few months are going to be very interesting!
Good luck to you all. Ewik


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September 18, 2013, 05:35:07 PM
 #9862

“Currently we’re looking at 450 Th/sec that we expect to enter the network between September and the end of October,” Cole predicts. That will mean substantially increased difficulty as more miners come onstream.

Sam Cole KnC

http://www.coindesk.com/a-look-inside-kncminer/





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DPoS
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September 18, 2013, 05:38:11 PM
 #9863

I highly doubt anyone is canceling.


It is sad that the nice folks here (since they are nice folks) keep trying to make this a positive thread yet become an unwitting partner in the trolling tango of FUD


Someone over at the KNC forum post a good explanation of this farce in the 'trust no one' post


 

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September 18, 2013, 05:44:47 PM
 #9864

I highly doubt anyone is canceling.
It is sad that the nice folks here (since they are nice folks) keep trying to make this a positive thread yet become an unwitting partner in the trolling tango of FUD
Someone over at the KNC forum post a good explanation of this farce in the 'trust no one' post
Oh, I'm sure there are plenty cancelling, but your point is also very valid in the sense that surely there are plenty of trolls spreading FUD to make others bail. Absolutely no argument from me there... lol


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cedivad
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September 18, 2013, 05:45:14 PM
 #9865

If anyone wants Day 1 Jupiters (3) we just cancelled our order and the refund is processing.  Keep an eye out on the https://www.kncminer.com/?resellerid=113 product page for these.
FYI.

https://www.kncminer.com/?resellerid=113

Ok, now your post makes sense

My anger against what is wrong in the Bitcoin community is productive:
Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)
Hashfast.org - Wiki for screwed customers
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September 18, 2013, 05:54:13 PM
 #9866

If anyone wants Day 1 Jupiters (3) we just cancelled our order and the refund is processing.  Keep an eye out on the https://www.kncminer.com/?resellerid=113 product page for these.
FYI.

https://www.kncminer.com/?resellerid=113

Ok, now your post makes sense
Kinda odd too...  Cancelling your orders, but trying to use your reseller id to get a freebee... lol


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ASIC-K
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September 18, 2013, 05:56:16 PM
 #9867

lol what a douche
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let's have some fun


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September 18, 2013, 06:19:54 PM
 #9868

This reseller stuff has a bad taste for me anyway.

Maybe it's just my understanding of a 'reseller' which does not fit at all to this concept...or maybe KNC's reseller concept is as weird as I perceive it (advertisement front line infantry almost for free) ?

It encourages people to convince (or even mislead and lie to) other people with the purpose of enforcing sales for KNC.
And all this in hope of the slightly chance that those clicking the reseller links will bookmark the reseller link and then even will make use of it when finally placing their order (instead of opening a browser and typing www.kncminer.com).

And even if 100's do so...how can you verify it and make sure KNC sticks to their promise and gives you all your devices earned ??
At least I'm not aware of any transparency regarding this at all and in case you are, I'd like you to share it.

I'm curios how many will get a free device at the end.

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
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September 18, 2013, 06:25:29 PM
 #9869

This reseller stuff has a bad taste for me anyway.

Maybe it's just my understanding of a 'reseller' which does not fit at all to this concept...or maybe KNC's reseller concept is as weird as I perceive it (advertisement front line infantry almost for free) ?

It encourages people to convince (or even mislead and lie to) other people with the purpose of enforcing sales for KNC.
...

No different from hiring an ad agency or paying a spokesperson to endorse your product Undecided
Business is business.
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September 18, 2013, 07:28:08 PM
 #9870

I know overclocking has been discussed numerous times in this thread, but has anyone considered underclocking once it becomes prohibitively more expensive than electric costs? I could be wrong, but it seems that most chips are much more energy efficient at lower clock-rates. If that holds true for KnC's chips, then it would make sense to sacrifice hashing speed at the end of the miner's useful life.

For example, each chip may use 1.6w per GH/s at full-throttle (hopefully less). My electricity costs $0.13/KWh (USA - Michigan). Each GH/s costs me ~$0.15 per month in this scenario. Once the difficulty gets to the point where each GH/s is mining less than ~$0.15 worth of BTC/month (diff = ~12.5B), one could underclock by 50% and possibly achieve 0.8W/GH/s. At that efficiency, one would remain profitable until difficulty reached ~25B.

Of course, we're only talking a few more mBTC, but I hope to run my miner as long as possible!


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Paladin69
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September 18, 2013, 07:29:42 PM
 #9871

“Currently we’re looking at 450 Th/sec that we expect to enter the network between September and the end of October,” Cole predicts. That will mean substantially increased difficulty as more miners come onstream.

Sam Cole KnC

http://www.coindesk.com/a-look-inside-kncminer/

That was back when they thought their products were 400GH.  So now that they might be 500GH?  Make it closer to 600TH I think?
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September 18, 2013, 07:32:36 PM
 #9872

If anyone wants Day 1 Jupiters (3) we just cancelled our order and the refund is processing.  Keep an eye out on the https://www.kncminer.com/?resellerid=113 product page for these.
FYI.

https://www.kncminer.com/?resellerid=113

Ok, now your post makes sense
Kinda odd too...  Cancelling your orders, but trying to use your reseller id to get a freebee... lol

Depends how many have used that link. Maybe 3 free rigs replaced them. Nice profit on $0 investment..or maybe shipping only (as someone is bound to point out ).
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September 18, 2013, 07:38:29 PM
 #9873

“Currently we’re looking at 450 Th/sec that we expect to enter the network between September and the end of October,” Cole predicts. That will mean substantially increased difficulty as more miners come onstream.

Sam Cole KnC

http://www.coindesk.com/a-look-inside-kncminer/

That was back when they thought their products were 400GH.  So now that they might be 500GH?  Make it closer to 600TH I think?

If they had sold 450 TH/s of 400GH/s miners that then turn out to be 600GH/s miners, that make the total ~675TH/s - a long way from 2PH/s still.

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September 18, 2013, 07:40:25 PM
 #9874

“Currently we’re looking at 450 Th/sec that we expect to enter the network between September and the end of October,” Cole predicts. That will mean substantially increased difficulty as more miners come onstream.

Sam Cole KnC

http://www.coindesk.com/a-look-inside-kncminer/

That was back when they thought their products were 400GH.  So now that they might be 500GH?  Make it closer to 600TH I think?

If they had sold 450 TH/s of 400GH/s miners that then turn out to be 600GH/s miners, that make the total ~675TH/s - a long way from 2PH/s still.

That article was written back in June. I imagine their sales are higher now, especially after all the BFL fails...

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September 18, 2013, 08:03:40 PM
 #9875

This reseller stuff has a bad taste for me anyway.

Maybe it's just my understanding of a 'reseller' which does not fit at all to this concept...or maybe KNC's reseller concept is as weird as I perceive it (advertisement front line infantry almost for free) ?

It encourages people to convince (or even mislead and lie to) other people with the purpose of enforcing sales for KNC.
...

No different from hiring an ad agency or paying a spokesperson to endorse your product Undecided
Business is business.

At least in one point: you have to spend money for "an ad agency or a spokesperson" nevertheless it pays out for you.

This reseller program does not take into account those sales not using the reseller link when actually placing orders - so those are for free.
Further more it has the nice side effect that you do not need to pay anything at all for unsuccessful advertisement or speech which influences a buyers decision at the end - another freebee.

Beside of those sales provided you can't map to a reseller ID, how can one know how much orders have actually been placed through his reseller link ?
Honestly I do not expect KNC to betray their customers providing sales through reseller ID. I'm just wondering whether I got everything right and if there's some kind of transparency.

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September 18, 2013, 08:09:32 PM
 #9876

“Currently we’re looking at 450 Th/sec that we expect to enter the network between September and the end of October,” Cole predicts. That will mean substantially increased difficulty as more miners come onstream.

Sam Cole KnC

http://www.coindesk.com/a-look-inside-kncminer/

That was back when they thought their products were 400GH.  So now that they might be 500GH?  Make it closer to 600TH I think?

If they had sold 450 TH/s of 400GH/s miners that then turn out to be 600GH/s miners, that make the total ~675TH/s - a long way from 2PH/s still.

That article was written back in June. I imagine their sales are higher now, especially after all the BFL fails...

Might be possible that this numbers is only the hashrate of the first 890 orders..as it would result in 450TH/s divided by 0,4 TH/s = 1125 Jupiters

*edit:
..and 890 is only day1+day2 as far as I know...?

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September 18, 2013, 08:16:12 PM
 #9877

This reseller stuff has a bad taste for me anyway.

Maybe it's just my understanding of a 'reseller' which does not fit at all to this concept...or maybe KNC's reseller concept is as weird as I perceive it (advertisement front line infantry almost for free) ?

It encourages people to convince (or even mislead and lie to) other people with the purpose of enforcing sales for KNC.
...

No different from hiring an ad agency or paying a spokesperson to endorse your product Undecided
Business is business.

At least in one point: you have to spend money for "an ad agency or a spokesperson" nevertheless it pays out for you.

This reseller program does not take into account those sales not using the reseller link when actually placing orders - so those are for free.
Further more it has the nice side effect that you do not need to pay anything at all for unsuccessful advertisement or speech which influences a buyers decision at the end - another freebee.

Result-based advertisement?  Kind'a like pay-per-click?

Quote
Beside of those sales provided you can't map to a reseller ID, how can one know how much orders have actually been placed through his reseller link ?
Honestly I do not expect KNC to betray their customers providing sales through reseller ID. I'm just wondering whether I got everything right and if there's some kind of transparency.

I'm sure if the buyer provides the reseller link when ordering, the reseller is credited -- why would the company risk their rep when link use could be easily verified (ask your friend to use your link, for instance)?  People are sending coin half way around the world, to people they aren't even sure exist, and you worry about reseller credits?
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September 18, 2013, 08:20:28 PM
 #9878

I don't worry as I do not have a reseller ID  Wink
I'm wondering about the transparency. And yes in my eyes KNC is trustworthy.

!! File Complaints Against KnCMiner NOW !!
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September 18, 2013, 09:44:27 PM
 #9879

I highly doubt anyone is canceling.


It is sad that the nice folks here (since they are nice folks) keep trying to make this a positive thread yet become an unwitting partner in the trolling tango of FUD


Someone over at the KNC forum post a good explanation of this farce in the 'trust no one' post


 


True, people were speculating earlier on the difficulty going up 100,200 and 400% in a small period  due to KNC shipping. I think the only people who will be cancelling are the cointerra, hashfast etc etc customers
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September 18, 2013, 09:51:23 PM
 #9880

I highly doubt anyone is canceling.


It is sad that the nice folks here (since they are nice folks) keep trying to make this a positive thread yet become an unwitting partner in the trolling tango of FUD


Someone over at the KNC forum post a good explanation of this farce in the 'trust no one' post


 


True, people were speculating earlier on the difficulty going up 100,200 and 400% in a small period  due to KNC shipping. I think the only people who will be cancelling are the cointerra, hashfast etc etc customers

Personally the only people I see kicking up a fuss are actual known customers urging people to cancel, one name beginning with 'X' springs to mind, using the genesis block as a reason to support their argument, whilst not actually requesting a refund themselves. The rest actually believe the Genesis Block is an accurate portrayal which unfortunately just underlines the limited level of understanding of a lot of people on this forum, through choice mind. I mean they could actually easily understand there will be no exponential increase either month on month, or at any point. It will be a huge jump in the next few weeks, followed by a levelling off, the intro to 28nm, followed by little blips in futures that won't remotely resemble anything like this first initial jump. The current hashrate should; for all intents and purposes be a lot worse than now, but certain other companies got corrupt and failed to deliver, screwing the community. I understand many feel burnt, but so far KnC have been exemplary (that means very good).

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