Swedish ASIC miner company kncminer.com

[jelin1984]

when new version come out
 

[TheRealSteve]

from their press release should we understand that they will not sell miners anymore?

They haven't in a long time, have they?

More to the point, though...

During the month of August we are winding down our very successful cloud hashing program during which more than 1500 international customers rented petahashes of Bitcoin transaction processing from our Clear Sky facilities in northern Sweden.

As our business is changing shape from selling hardware and letting hash power to focusing on supporting and processing transactions in the Bitcoin network

...they're shifting (further) away from consumers

[Jamphone]

Despite all their announcements of new chips, their share of the network hashrate continues to drop. Down to 4%. If they had new chips, like they said they did months ago, they would have deployed them by now. If you run some numbers based on their cost of electricity, and estimates of their infrastructure costs and the cost of even a few employees in Sweden, they're barely making anything at all. I hope we get to see some more leaked financials, because they were in terrible shape last time we got a glimpse, bleeding almost $1 million a week. Throw in R&D on a new chip, and they've probably already blown through the $15 million they raised.

My only worry is that their bankruptcy will prevent them from paying backing the millions of dollars they stole from customers. I'd bet we never see another product form KNC again. Perhaps they will produce something, but I think they'll be long forgotten in another year or two.

[poodle63]

Obviously they use existing boards to remount new chips on , saving lots of money to fabricate new circuit boards.
Also other sigh to proven mining industrial was no more profitable.
Btw, looking forward to have good news regarding KNCMiner has something for us.

[Jamphone]

Obviously they use existing boards to remount new chips on

I would expect to see an increase in their hashrate if that was the case, which I don't.

[mindtrip]

If there production quality is as it has been in the past there yield of usable chips from tap out might be pretty poor. This may also be causing further delays in them actually getting working 16nm chips online

[Jamphone]

If there production quality is as it has been in the past there yield of usable chips from tap out might be pretty poor. This may also be causing further delays in them actually getting working 16nm chips online

For sure. The bitcoin blockchain doesn't lie, so we know they're in trouble. They mine roughly 144 bitcoins a day, worth $33,000 a day. Electricity and overhead is eating up half of that, maybe much more. They have at least 20 employees, so that's another $5000+ a day. Again, perhaps a lot more since Swedish employee costs are huge. It wasn't long ago they also claimed to be adding a 50MW transformer, and if they did, its sitting idle. They're share of the network is roughly 8-10MW, which was just that first facility.

[The Avenger]

They have at least 20 employees, so that's another $5000+ a day. Again, perhaps a lot more since Swedish employee costs are huge.

Not hugely relevant, but they are paying a % of employees in btc
https://bitcoinmagazine.com/21598/knc-miner-pays-30-employees-using-xapo-debit-cards/

If knc are only mining 144 BTC a day, the VC's who dropped $15million on them must be getting seriously itchy feet.

We saw kfc clearly pumping out BS newsletters and press releases about how great their neptune chip was, but them they quietly admitted their yields were shit. So yeah, their 16nm yields could also be very shit 

They do have a massive stash of BTC, which of course is a dangling carrot to keep their investors hooked. If the price of BTC rocketed up like it has done in the past, their investors would be very happy.

However, as the price of BTC has been steady and low and as a lot of people are now thinking that the blockchain is the major innovation, not bitcoin, Scam Hole and his crooked friends could be in trouble.

You guys who are involved in the lawsuit - get on with it! These fuckers could be bankrupt and gone by Christmas

[GenTarkin]

My latest release is on github:
v.96, img is included as well.
https://github.com/GenTarkin/Titan/releases/tag/v.96

link to img: https://github.com/GenTarkin/Titan/releases/download/v.96/titanSDshrink_brand_v96_don.img

NOTES:
Ive only had a total of 4 donors thus far, I know many more people use my firmware.
My firmware has features in it many Titan owners wished they had from day one.

Ive been thinking long and hard about what I feel is fair for the added features miners benefit from using my firmware. I think a little bit of time for miners to be sent to my pool is a fair setup. The initial asking time will be .75% donation rate per 24hrs(about 11mins a day). If I need to rethink this I shall.

Main features of my firmware are(in order of importance):

CONFIGURABLE DCDC OVERHEAT PROTECTION, your miners wont magically blow up due to DCDC's climbing up to high in temp(granted temps are configured below 100C). Dies will be invidiually clock down by 25mhz until they are below the DCDC temp threshold specified. Dies will be turned off if 100mhz is not cool enough.

PROPER DIE RESETS performed when dies go into a "dead" state while mining. First attempts a number of soft resets, if those attempts fail, bfgminer is stopped, affected cube powered down, powered up then bfgminer restarted. note: will not fix permanently damaged dies.
**Furthermore, if certain dies were issued nonstop soft resets via KNC's original code, because that will lead to a hard reset often using my code, there is a bypass_dies.conf file which manually can be edited for bypassing of checking die status entirely.

OPTION to switch between STOCK 5.1.0 BFGminer vs newer 5.2.0 BFGminer.

Added various meaningful webgui stats.

Finally, I will continue to develop & improve this firmware long as I have time and ideas keep rolling in. Also if there are bugs, they will be addressed. Please PM me on bitcointalk.org w/ questions or suggestions.

[lenart_o]

Hi GenTarkin,
I'll test your new image ,
I didn't donor yet because I didn't see better  performance for my miners , only  restarting soft and hard ,
so my mining power goes down, after installing your soft, but maybe I was doing something wrong
that's why I was asking earlier how to install(or copy )  yours newest files,
If you include all the changes in your newest image my miners should works better and more stable.
I respect your work and your time, and I'll donor at first time 0.5 BTC
in next post I'll send you TX
Cheers

[lenart_o]

Please here for your time and hard work
https://blockchain.info/tx-index/3d58af76148c35a9e1254421569df3c429398e0a20c1d9244dcfc2103bf75d1b
so you have 5 donors so far
cheers

[jelin1984]

these was that i am thinking  from  start

why donation for a firmware

0.75%

these is awful

[NetTime]

Despite all their announcements of new chips, their share of the network hashrate continues to drop. Down to 4%. If they had new chips, like they said they did months ago, they would have deployed them by now. If you run some numbers based on their cost of electricity, and estimates of their infrastructure costs and the cost of even a few employees in Sweden, they're barely making anything at all. I hope we get to see some more leaked financials, because they were in terrible shape last time we got a glimpse, bleeding almost $1 million a week. Throw in R&D on a new chip, and they've probably already blown through the $15 million they raised.

My only worry is that their bankruptcy will prevent them from paying backing the millions of dollars they stole from customers. I'd bet we never see another product form KNC again. Perhaps they will produce something, but I think they'll be long forgotten in another year or two.

Either way, hopefully they are buried by the end of the year.  Fuck KNC.

[poodle63]

According to the fabrication cost of sub 20nm wafer process, it is about cost 150 million U.S. Dollar for a said tap out, that is why I'm thinking Neppy and titty could be the last KNC product for consumer, and ASIC miner will restrict by this nature of capital barrier, so I'm very happy to own a Titan as the last and powerful script miner.

Bitcoin itself is a very good idea that could let people have own capability to forge money to obtain financial freedom,
But these ASIC miner makers built their own huge mining farm, and the behavior against sprit of cryptsy currency "Decenteralize", so no wonder why cryptsy currency can't stand long and lasting.

Any ways, bad news is no more sub 20nm ASIC MINERS in the future, and good news is it s good for you to have a Neppy or titty on hand.

[GenTarkin]

Hi GenTarkin,
I'll test your new image ,
I didn't donor yet because I didn't see better  performance for my miners , only  restarting soft and hard ,
so my mining power goes down, after installing your soft, but maybe I was doing something wrong
that's why I was asking earlier how to install(or copy )  yours newest files,
If you include all the changes in your newest image my miners should works better and more stable.
I respect your work and your time, and I'll donor at first time 0.5 BTC
in next post I'll send you TX
Cheers

Well you have to understand, my firmware doesnt make them run faster =P
Its all about reliability.

[GenTarkin]

Please here for your time and hard work
https://blockchain.info/tx-index/3d58af76148c35a9e1254421569df3c429398e0a20c1d9244dcfc2103bf75d1b
so you have 5 donors so far
cheers

WOW! thanks a ton man! greatly appreciated =)

[GenTarkin]

these was that i am thinking  from  start

why donation for a firmware

0.75%

these is awful

 I think its fair, like I posted. Thus far Ive vastly improved the original KNC firmware. Something that Titan owners have wanted from day one, better reliability. Ive probably increased that measure by at least 50-70% ... which is huge. Ive sunken weeks of work into this little project that only set out to by a simple issue hard reset to dies 100% of the time if they had problems. Its grown into much more than that.

[vegasguy]

Guys enormous time has gone into development of this project. GenTarkin has hired me to personally help him manage the business end of things as the demand has gone crazy. GenTarkin just does not have enough hours in the day to code AND handle orders. I have discussed this with GenTarkin and we have both decided to give you guys 2 options:

1. A paid "premium version" with lifetime updates. The cost will be $50 in the form of LTC paid to address: LSTLJQc7hZW8KZN2b37yg6HEH978ZQTqFF . You must then email titan@bitcoinlasvegas.net for instructions , and email a copy of your TX # to verify payment. my system will automatically email you when new versions come out (premium version only).

2. A Free version.  It will also automatically donate .75% to the dev (just less than 1%). It will switch for a short time once every 24 hours to the pool of the devs choice, and then switch back to your pool. No email when updates come out.

So you have your choice. Both are available. All funds generated will be used to further develop the firmware. Dont foget, you STILL have the option of using KNCminer 2.00 last firmware for free.

Any questions regarding payment MUST come to me (vegas), pm me or email me at titan@bitcoinlasvegas.net. All tech questions MUST go to GenTarkin. We are growing very fast, please follow these rules to further the development, and speed development.

Latest version is : V.96

Main features of the firmware are(in order of importance):

CONFIGURABLE DCDC OVERHEAT PROTECTION: (The BIGGEST threat to Titan owners!!) This feature prevents the DCDC's climbing up to high in temp(granted temps are configured below 100C). Dies will be invidiually clock down by 25mhz until they are below the DCDC temp threshold specified. Dies will be turned off if 100mhz is not cool enough.

PROPER DIE RESETS performed when dies go into a "dead" state while mining. First attempts a number of soft resets, if those attempts fail, bfgminer is stopped, affected cube powered down, powered up then bfgminer restarted. note: will not fix permanently damaged dies.
**Furthermore, if certain dies were issued nonstop soft resets via KNC's original code, because that will lead to a hard reset often using my code, there is a bypass_dies.conf file which manually can be edited for bypassing of checking die status entirely.

OPTION to switch between STOCK 5.1.0 BFGminer vs newer 5.2.0 BFGminer.

Added various meaningful webgui stats.

Finally, we will continue to develop & improve this firmware long as the ideas keep rolling in. Also if there are bugs, they will be addressed. Please PM me on bitcointalk.org w/ questions or suggestions.

You can also find up to the minute updates without reading through pages and pages on bitcointalk.org , by going directly to : http://bitcoinlasvegas.net/kncminer-titan-firmware-knc-miner-firmware-titan-firmware-kncminer-titan-customized-firmware-mod/

GenTarklin

[lenart_o]

Hi,
just my 2 cent
I want to thank you for something what KNC should do you should contact them and show how their webgui should be make:)
but I think they are so selfish so they cant understandt ,they are making money from us but after sell they have us deeep in ......
but in world of crypto there are people like you , so one(two) word(s): GOOD JOB
cheers

[GenTarkin]

Hi,
just my 2 cent
I want to thank you for something what KNC should do you should contact them and show how their webgui should be make:)
but I think they are so selfish so they cant understandt ,they are making money from us but after sell they have us deeep in ......
but in world of crypto there are people like you , so one(two) word(s): GOOD JOB
cheers

Thanks a bunch man! ... yeah KNC will just ignore everyone =P
Ill just keep chuggin along w/ ideas I come up with. =)