Swedish ASIC miner company kncminer.com

[Emmie]

There were originally 2 runs planned pre Mars and Jupiter; one for 500 pre-order, one for 500 proven.

Then Mars and Jupiter were announced. So not to piss-off those that had already expressed interest, they were still held as the initial interested parties, and their order numbers respected.

Those that choose to purchase Mars are guaranteed first run placement in Juliter. Subsequent to that it follows the original order numbers pertaining to when they initially registered interest.

They explained this process clearly each step.

There is risk, they need to produce a working mask for a 28nm ASIC and then manufacture the mining rigs en mass, overclock them to meet the specified hashrate (as they technically are 250gh/s worth of 28nm chips clocked to 350gh/s) and deliver them running stable by September as stated.

in any case Jupiter and Saturn need to arrive before the hashrate goes ballistic with 760,000 Avalon chips adding >215 TH, not to mention ASICminer and BTCGarden adding between 100-200 TH and BFL possibly adding a significant amount and limiting any chance of ROI in a reasonable time...

Jupiter and Saturn will not arrive before the Avalon chips are deployed. Those chips will be on the network at the end of July, mid August the latest.

But after that, we don't know how long it will take for people to get their chips going, how many will just lie unused etc. I bet a few jumped on a batch and won't really know what to do with their chips when they arrive 

[leckey]

Really can't afford the time to read through like 77 pages of posts in this thread. But have we decided if it's legit or not? Any concrete proof given yet?

[ujka]

Really can't afford the time to read through like 77 pages of posts in this thread. But have we decided if it's legit or not? Any concrete proof given yet?

Only a picture https://bitcointalk.org/index.php?topic=214285.0 of a blade with 6 FPGA chips.
(With a fan on each? Could't they come up with a more efficient solution? Full miner having 8 blades, that's 48 fans.)
There is also an invitation to 'open day' for a demonstration of that FPGA miner, but date not set.
And somewhat unconvincing webpage.

[glowkeeper]

Really can't afford the time to read through like 77 pages of posts in this thread. But have we decided if it's legit or not? Any concrete proof given yet?

Only a picture https://bitcointalk.org/index.php?topic=214285.0 of a blade with 6 FPGA chips.
(With a fan on each? Could't they come up with a more efficient solution? Full miner having 8 blades, that's 48 fans.)
There is also an invitation to 'open day' for a demonstration of that FPGA miner, but date not set.
And somewhat unconvincing webpage.

Exactly! I have Enterpoint's cairnsmore's with 4 fpga chips and a SINGLE FAN. They draw ~40 watts, hash at ~800Mh/s and they run and run and run and run without a hint of overheating....

http://www.enterpoint.co.uk/cairnsmore/cairnsmore1_support_materials.html

[dan99]

Really can't afford the time to read through like 77 pages of posts in this thread. But have we decided if it's legit or not? Any concrete proof given yet?

You have 25 post and this thread already has 77 pages off course it is legit .. probably this week they will show the live demo of the Mars Miner with photo and Video. There will be an open day/house for those who are interested to visit their facility ..

[ujka]

For the UK guys, he's the VAT infor from HRMC regarding 'distance selling';
http://www.hmrc.gov.uk/vat/managing/international/distance-selling.htm

According to this, if kncminer.com want to sell more then £70,000 of goods to UK in a year (that's... what, 15 miners?), they have to register for a VAT number in UK.

Also, in most EU countries maximum delivery period established by the law is 30 days.

[leckey]

Really can't afford the time to read through like 77 pages of posts in this thread. But have we decided if it's legit or not? Any concrete proof given yet?

You have 25 post and this thread already has 77 pages off course it is legit .. probably this week they will show the live demo of the Mars Miner with photo and Video. There will be an open day/house for those who are interested to visit their facility ..

What has my post count got to do with this? Please enlighten me. And just because a thread has 77 pages of posts does NOT mean it is legitimate. I read about 50 pages and still couldn't make my mind up.

[KS]

Really can't afford the time to read through like 77 pages of posts in this thread. But have we decided if it's legit or not? Any concrete proof given yet?

You have 25 post and this thread already has 77 pages off course it is legit .. probably this week they will show the live demo of the Mars Miner with photo and Video. There will be an open day/house for those who are interested to visit their facility ..

What has my post count got to do with this? Please enlighten me. And just because a thread has 77 pages of posts does NOT mean it is legitimate. I read about 50 pages and still couldn't make my mind up.

If they're "off course legit", it prolly means they'll pull a BFL

[Bitcoinorama]

For the UK guys, he's the VAT infor from HRMC regarding 'distance selling';
http://www.hmrc.gov.uk/vat/managing/international/distance-selling.htm

According to this, if kncminer.com want to sell more then £70,000 of goods to UK in a year (that's... what, 15 miners?), they have to register for a VAT number in UK.

Also, in most EU countries maximum delivery period established by the law is 30 days.

This was also touched upon in an email convo with Sam I had posted here before;

Consumers inside the EU

This one is messy😊 every country has a limit of how much we can sell to residents of that country without having to register locally for VAT there. For Example. The UK has 70,000 EUR limit. So if I ship goods to the UK and the total yearly amount is under 70,000 I charge Swedish vat and give the money to the Swedish government. But as soon as I'm one cent over. I have to have a UK vat number and fill out a vat return in the UK and pay all of the VAT I collect to the UK government.

There is a different amount for every country and it gets quite complex quite quickly as you can imagine.

[canth]

Really can't afford the time to read through like 77 pages of posts in this thread. But have we decided if it's legit or not? Any concrete proof given yet?

You have 25 post and this thread already has 77 pages off course it is legit .. probably this week they will show the live demo of the Mars Miner with photo and Video. There will be an open day/house for those who are interested to visit their facility ..

What has my post count got to do with this? Please enlighten me. And just because a thread has 77 pages of posts does NOT mean it is legitimate. I read about 50 pages and still couldn't make my mind up.

You're not really asking if they're legit or not are you? BFL is legitimate - they have an established product and now working demo models. It doesn't mean that they delivered on time or in meaningful capacity. Customer service is another story entirely.

If you're asking whether they'll deliver a product in a reasonable period of time, all we can do is speculate. Are they legit? It appears to be so. Will they deliver a working product? Your guess is as good as mine. Will it ship on time? Doubtful, but that doesn't mean that many of us won't give them a shot. After all, what are your other options?

[KS]

For the UK guys, he's the VAT infor from HRMC regarding 'distance selling';
http://www.hmrc.gov.uk/vat/managing/international/distance-selling.htm

According to this, if kncminer.com want to sell more then £70,000 of goods to UK in a year (that's... what, 15 miners?), they have to register for a VAT number in UK.

Also, in most EU countries maximum delivery period established by the law is 30 days.

This was also touched upon in an email convo with Sam I had posted here before;

Consumers inside the EU

This one is messy😊 every country has a limit of how much we can sell to residents of that country without having to register locally for VAT there. For Example. The UK has 70,000 EUR limit. So if I ship goods to the UK and the total yearly amount is under 70,000 I charge Swedish vat and give the money to the Swedish government. But as soon as I'm one cent over. I have to have a UK vat number and fill out a vat return in the UK and pay all of the VAT I collect to the UK government.

There is a different amount for every country and it gets quite complex quite quickly as you can imagine.

I wonder how the Googles and Skypes of the world get away with the 15% Irish VAT only (or is it "only"?).

Get a wholesaler, give them the usual 3.5% and let them deal with VAT? Bonus: they're experts at logistics (sth a startup is not - check BFL/Avalon).

[ujka]

For the UK guys, he's the VAT infor from HRMC regarding 'distance selling';
http://www.hmrc.gov.uk/vat/managing/international/distance-selling.htm

According to this, if kncminer.com want to sell more then £70,000 of goods to UK in a year (that's... what, 15 miners?), they have to register for a VAT number in UK.

Also, in most EU countries maximum delivery period established by the law is 30 days.

This was also touched upon in an email convo with Sam I had posted here before;

Apologies. I obviously 'scanned' too fast through your previous message (https://bitcointalk.org/index.php?topic=170332.msg2157223#msg2157223).

Selling big in EU requires a lot of organization and knowledge if not to break some specific country law (out of 27!).

[markj113]

One thing that concerns me is the language used around mars voucher system -

"Upgrade protection built in to any purchase with vouchers for up to $2000 off of any Jupiter purchase"

What exactly does "up to" mean, they could turn around and give you $100 off a Jupiter and still be accurate to their description.

I think the whole voucher and pre order system needs to be fully clarified before everyone starts throwing money at them, me included

[bitpop]

This is way too shady now with fpgas. Their numbers don't make sense. They can barely make a giant lancelot when all the work has already been done for them. No way in hell are they making asics. If they were capable of making asics they wouldn't be wasting time on giant lancelots. That 48 board will take 1000 watts to power it.

Blackarrow is the fpga expert who I just received lancelot clones from. I'll ask them for their opinion. China is a hussle and these guys are completely in the mix.

[markj113]

only 24 chips in the pic above, should be 48?

[KS]

only 24 chips in the pic above?

+1

[glowkeeper]

This is way too shady now with fpgas. Their numbers don't make sense. They can barely make a giant lancelot when all the work has already been done for them. No way in hell are they making asics. If they were capable of making asics they wouldn't be wasting time on giant lancelots. That 48 board will take 1000 watts to power it.

Blackarrow is the fpga expert who I just received lancelot clones from. I'll ask them for their opinion. China is a hussle and these guys are completely in the mix.

These guys? http://www.blackarrowsoftware.com/

[KS]

This is way too shady now with fpgas. Their numbers don't make sense. They can barely make a giant lancelot when all the work has already been done for them. No way in hell are they making asics. If they were capable of making asics they wouldn't be wasting time on giant lancelots. That 48 board will take 1000 watts to power it.

Blackarrow is the fpga expert who I just received lancelot clones from. I'll ask them for their opinion. China is a hussle and these guys are completely in the mix.

These guys? http://www.blackarrowsoftware.com/

yes

see https://bitcointalk.org/index.php?topic=187549.0 and others.

[bitpop]

That pcb must be fake, where's all the capacitors and power circuits?

[Bitcoinorama]

only 24 chips in the pic above?

+1

-1 the web page demonstrates two modules; https://www.kncminer.com/products/mars

They're certainly saving cash on casing though...