Swedish ASIC miner company kncminer.com

[Bitcoinorama]

Have a nice day though!

ohh so nice answer, you work in customer support somewhere?.)

yep true.

Nope, and neither do I want to. I could have said something more colourful, and ruder, but I bit my tongue. ( <--- see, still biting!)

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[johnyj]

I just finished payment using bitpay, so smooth, much easier than paypal, CC, bank wire transfer etc... Bitpay is destined to thrive

A risk investment again, but in my tolerance level. Everyone who paid a pre-order is in fact kncminer's investor,  now competition are much harder, hope they will succeed

[rc0cl]

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

Hey markj113, sharp eyes,

I am glad you did point this out. I was so convinced the two pieces of miners, Mars + Jupiter is gonna to cost me just $2795 + $6995 - $2000 = $7790!

A not so obvious "fine print".

[HorseRider]

A very good trick to sell the FPGA at so overpriced level I think.

[Bitcoinorama]

Guy's they've binned the Mars FPGA. However, it will have been useful as part of the iterative process in designing the ASIC mask.

Read yesterday's newsletter...

[FeedbackLoop]

The question list is missing clarifications regarding their pre-order trading system.


XX) Is any amount of pre-orders tradable? (In other words will a skimmer who clicked 200 times in the pre-order now make a fortune out of it even though he was never interested in buying even one unit?) This greatly affects the place in line and the returns of someone with a pre order above 500 and affects their purchase decision. It also goes against what they said earlier in the website that they expected most pre-orders to be dropped.

YY) Are you selling places in the pre-order queue yourself?

ZZ) How do you enforce the no splitting of orders for sale?

[Bitcoinorama]

The question list is missing clarifications regarding their pre-order trading system.


XX) Is any amount of pre-orders tradable? (In other words will a skimmer who clicked 200 times in the pre-order now make a fortune out of it even though he was never interested in buying even one unit?) This affects greatly affects the place in line and the returns of someone with a pre order above 500 and affects their purchase decision. It also goes against what they said earlier in the website that they expected most pre-orders to be dropped.

YY) Are you selling places in the pre-order queue yourself?

Def thanks for sharing here, but to ensure, at this late stage they are included on the list, please PM Daggeteo so he definitely see's this...

[KS]

I'm wondering why they put so little of their own money in the company. Their answer: because it's the minimum the company creation costs (≃5500 EUR). (which is a foolish answer <==== see biting tongue here too)

And so, where does the money come from to develop the ASIC?

They have brushed off any and every question regarding the funding of this project. Their annual report is due on June 30. Why the rush to sell miners?

[Bitcoinorama]

I'm wondering why they put so little of their own money in the company. Their answer: because it's the minimum the company creation costs (≃5500 EUR). (which is a foolish answer <==== see biting tongue here too)

And so, where does the money come from to develop the ASIC?

They have brushed off any and every question regarding the funding of this project. Their annual report is due on June 30. Why the rush to sell miners?

I know you have that first Q on the list, pm Daggeteo the second, and have it answered tomorrow...

[Bitcoinorama]

New video BTW: https://www.youtube.com/watch?v=b-240FvDSJs&feature=youtu.be

See, they listened!

JohnyJ, still pack that screwdriver...

[KS]

but an FPGA does not an ASIC make...

(well...)

anyway, let's wait for sth to ship...

[kimosan]

Can someone point me to the correct person to address my questions regarding Jupiter pre-order confusion I have.

Or, if someone in this thread can answer that would be great.

I have an original pre-order above 1500 (back in April) but the order I placed yesterday is a little above 500. Are they going to do a 500 run first, then another 500, etc...? If my original order was not in the first 500 do I need to pay now, within the next 7 days, for the order I placed yesterday? Most important question, any particular reason why I shouldn't just wait a bit to order, beside being one of the first, since I'm not one of the original 500 pre-orders?

A bit confused by all this pre-re-order pay now or forfeit place in line stuff.

I had orders with bASIC and BFL. Received full refund from bASIC, still holding on to hope that BFL ships my order while still profitable. Wish I'd gone with Avalon but don't we all... I realize this is all speculative but a bit tired of being burned.

Thank you.

[Bitcoinorama]

Can someone point me to the correct person to address my questions regarding Jupiter pre-order confusion I have.

Or, if someone in this thread can answer that would be great.

I have an original pre-order above 1500 (back in April) but the order I placed yesterday is a little above 500. Are they going to do a 500 run first, then another 500, etc...? If my original order was not in the first 500 do I need to pay now, within the next 7 days, for the order I placed yesterday? Most important question, any particular reason why I shouldn't just wait a bit to order, beside being one of the first, since I'm not one of the original 500 pre-orders?

A bit confused by all this pre-re-order pay now or forfeit place in line stuff.

I had orders with bASIC and BFL. Received full refund from bASIC, still holding on to hope that BFL ships my order while still profitable. Wish I'd gone with Avalon but don't we all... I realize this is all speculative but a bit tired of being burned.

Thank you.

sam@kncminer.com

if you are an OG pre-orderer (if that's even a term), you should see four options of miners on the page inc. 1-500 Saturn, and Jupiter.

You get 7 days to pay. Screw the lottery, and wait to see how the open-day goes tomorrow...

Also hold back for tomorrow's answer on this whole business/consumer thing, as you want ccard protection in place presumably...

[dhenson]

My understanding is that they added new items to the order book that allow you to pay.  If you have a pre-501 order when you log in, the new items will appear and you can complete your order.

They will be entitled "Jupiter 1-500" or "Saturn 1-500" etc.

[kimosan]

Can someone point me to the correct person to address my questions regarding Jupiter pre-order confusion I have.

Or, if someone in this thread can answer that would be great.

I have an original pre-order above 1500 (back in April) but the order I placed yesterday is a little above 500. Are they going to do a 500 run first, then another 500, etc...? If my original order was not in the first 500 do I need to pay now, within the next 7 days, for the order I placed yesterday? Most important question, any particular reason why I shouldn't just wait a bit to order, beside being one of the first, since I'm not one of the original 500 pre-orders?

A bit confused by all this pre-re-order pay now or forfeit place in line stuff.

I had orders with bASIC and BFL. Received full refund from bASIC, still holding on to hope that BFL ships my order while still profitable. Wish I'd gone with Avalon but don't we all... I realize this is all speculative but a bit tired of being burned.

Thank you.

sam@kncminer.com

if you are an OG pre-orderer (if that's even a term), you should see four options of miners on the page inc. 1-500 Saturn, and Jupiter.

You get 7 days to pay. Screw the lottery, and wait to see how the open-day goes tomorrow...

Also hold back for tomorrow's answer on this whole business/consumer thing, as you want ccard protection in place presumably...

Thank you. Yes, I am going to wait until at least tomorrow.

@ idee2013 - I only had 2 options as I was above 500. Thanks.

[Bitoy]

The video shows Mars hashing 6 giga hash using 400 watts.


Saturn will hash 175 giga hash with 500 watts only?

[ironcross360]

What if this WAS A scam? Theres no rep on this company, nobody has recieved? What if it ended up being 0mhash?

[Bitcoinorama]

The video shows Mars hashing 6 giga hash using 400 watts.


Saturn will hash 175 giga hash with 500 watts only?

Yes, but peeps please don't spoil the surprise for this guy...

[glendall]

The video shows Mars hashing 6 giga hash using 400 watts.


Saturn will hash 175 giga hash with 500 watts only?

It's FGPA vs ASIC.  I recommend you do a bit more reading, this is a fairly basic important distinction in the two units.

[idee2013]

Yes, but peeps please don't spoil the surprise for this guy...

sooryyy for off topic: loooooooooooooooooooooooooolll   ...that was my really first rolling lough today