Swedish ASIC miner company kncminer.com

[Bitcoinorama]

Wow, I am getting more and more interested in KncMiner. They seem to be saying and doing all the right things.

If they can delivery on their claims in September, and do a decent job of keeping up with demand, they will be the new gold standard in Bitcoin mining hardware.

In their defence, they at the open day, actually said, "they intend to set the gold standard...", with respect to Bitcoin hardware, fed up seeing a lack of professionalism this far. So let's see...

They want to be in this for the long haul and this means behaving in the best interest for Bitcoin and those that support and use it.

Do you remember they mentioned somewhere producing a ~$20k device in the terahertz range as a gen-2 product? Part of their "in it for the long term / repeat customer" strategy? I'd love to make enough from these early devices to invest in a $20k device ^_^

They have alluded to a larger mining device in future, yes. What hashrate? No one knows. Marcus has much scope to play and revise future chips once they know what they have.

There is a poll on their homepage currently, if you want a larger device, go vote!

Oh I did, sadly seems the majority want a smaller option. Only 19% voted, like me, for the larger device.

Thing is they are not keen to scale up the customer support required to service such large volumes of individuals, but would prefer to offer an IPO share type agreement, or encourage a cottage industry of safe unit sharing,at least thats what was discussed at the open-day. However since the poll, options are likely open, as the response has been strong for a smaller item, and the peeps have spoken...

[erschiessen]

I voted for smaller devices.
A one chip "Neptune" slinging 100 GH/s... My kids could afford to get into mining AND see a profit!

I wish that I could also vote for a larger device, too.

[Rampion]

Wow, I am getting more and more interested in KncMiner. They seem to be saying and doing all the right things.

If they can delivery on their claims in September, and do a decent job of keeping up with demand, they will be the new gold standard in Bitcoin mining hardware.

In their defence, they at the open day, actually said, "they intend to set the gold standard...", with respect to Bitcoin hardware, fed up seeing a lack of professionalism this far. So let's see...

They want to be in this for the long haul and this means behaving in the best interest for Bitcoin and those that support and use it.

Do you remember they mentioned somewhere producing a ~$20k device in the terahertz range as a gen-2 product? Part of their "in it for the long term / repeat customer" strategy? I'd love to make enough from these early devices to invest in a $20k device ^_^

They have alluded to a larger mining device in future, yes. What hashrate? No one knows. Marcus has much scope to play and revise future chips once they know what they have.

There is a poll on their homepage currently, if you want a larger device, go vote!

Oh I did, sadly seems the majority want a smaller option. Only 19% voted, like me, for the larger device.

Thing is they are not keen to scale up the customer support required to service such large volumes of individuals, but would prefer to offer an IPO share type agreement, or encourage a cottage industry of safe unit sharing,at least thats what was discussed at the open-day. However since the poll, options are likely open, as the response has been strong for a smaller item, and the peeps have spoken...

Obviously cheaper units will always win, nothing else should be expected and it's pretty pointless to make a poll, the result is clear on beforehand.

The real point is how much money are the "big" customers going to invest compared to the "small" customers: if the 20% that voted for "larger unit" are willing to spend $15,000 each, and the 80% that voted for "smaller and cheaper" are willing to spend only $700 each, it's pretty clear what is the most profitable business decision to take, without even considering the additional costs related with bigger customer support.

In any case, I think they chose well the two models available as a starting point. Then, the market will tell them what is the most profitable option, they will see it on the order book, regardless of the poll.

[Bitcoinorama]

Wow, I am getting more and more interested in KncMiner. They seem to be saying and doing all the right things.

If they can delivery on their claims in September, and do a decent job of keeping up with demand, they will be the new gold standard in Bitcoin mining hardware.

In their defence, they at the open day, actually said, "they intend to set the gold standard...", with respect to Bitcoin hardware, fed up seeing a lack of professionalism this far. So let's see...

They want to be in this for the long haul and this means behaving in the best interest for Bitcoin and those that support and use it.

Do you remember they mentioned somewhere producing a ~$20k device in the terahertz range as a gen-2 product? Part of their "in it for the long term / repeat customer" strategy? I'd love to make enough from these early devices to invest in a $20k device ^_^

They have alluded to a larger mining device in future, yes. What hashrate? No one knows. Marcus has much scope to play and revise future chips once they know what they have.

There is a poll on their homepage currently, if you want a larger device, go vote!

Oh I did, sadly seems the majority want a smaller option. Only 19% voted, like me, for the larger device.

Thing is they are not keen to scale up the customer support required to service such large volumes of individuals, but would prefer to offer an IPO share type agreement, or encourage a cottage industry of safe unit sharing,at least thats what was discussed at the open-day. However since the poll, options are likely open, as the response has been strong for a smaller item, and the peeps have spoken...

Obviously cheaper units will always win, nothing else should be expected and it's pretty pointless to make a poll, the result is clear on beforehand.

The real point is how much money are the "big" customers going to invest compared to the "small" customers: if the 20% that voted for "larger unit" are willing to spend $15,000 each, and the 80% that voted for "smaller and cheaper" are willing to spend only $700 each, it's pretty clear what is the most profitable business decision to take, without even considering the additional costs related with bigger customer support.

In any case, I think they chose well the two models available as a starting point. Then, the market will tell them what is the most profitable option, they will see it on the order book, regardless of the poll.

Indeed one step at a time. ORSoC only need concentrate their talent on one device (which is in effect two), at a time. Simultaneously designing multiple devices at once is a schoolboy error, which begs the question, who's been advising BFL?!

[Kuroth]

The part that I also find interesting is where their product page says..."    Modular Design allowing for expansion at a later date."

[Anenome5]

The part that I also find interesting is where their product page says..."    Modular Design allowing for expansion at a later date."

Ie: Saturn x 2 = 1 Jupiter.

[wildbud]

Interesting  I just noticed on my orders detail page it shows a kind of grayed out 34 right under my order Qty of 1 of a Jupiter...

Wonder what the 34 means?  Could it mean at the time I ordered and paid, I was the 34th Jupiter ordered and paid for???  Surely not as I ordered June 19th...  Unless the Saturn's have a lot more orders???Product   Price per unit   Amount   Price
   
Saturn
34
$ 3,795.00    1   $ 3,795.00
Order price: $ 3,795.00
Shipping price: $ 102.60
Comments to order
   
Total price: $ 3,897.60

Yea its the sku code. Mine says 34 as well

[Minor Miner]

I voted for smaller devices.
A one chip "Neptune" slinging 100 GH/s... My kids could afford to get into mining AND see a profit!

I wish that I could also vote for a larger device, too.

are you just daydreaming or did you find this 100GH/s per chip number somewhere in the hundreds of pages of smoke?   That seems impossibly high no?

[dhenson]

are you just daydreaming or did you find this 100GH/s per chip number somewhere in the hundreds of pages of smoke?   That seems impossibly high no?

It was in today's newsletter.

Jupiter = 4 chips at 100GH/chip

The more technical audience amongst our customers have been asking for a lot details on the chips we will use. The information we have available to you today is that Jupiter will be a 4 chip design and Saturn a 2 chip design.

This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.

Our ASIC package selection has been optimized, allowing the use of a smaller package. The selected package is a 55mm x 55mm HFCBGA package (2046 ball count), optimized for maximum thermal characteristics.

[sickpig]

are you just daydreaming or did you find this 100GH/s per chip number somewhere in the hundreds of pages of smoke?   That seems impossibly high no?

quoting the relevant part of yesterday's newsletter ("Chip Progress report" paragraph)
 

This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.

[androz]

Jupiter = 4 chips at 100GH/chip

too small, i'm waiting for Arcturus: 10 chip at 1000 TH/chip    

[Madazam]

Lucky gits!...

From the KnC website:

Lottery Results.

The winners are as follows:
Mr Stephenson from Texas USA who wins 1 Jupiter & 1 Saturn
Mr Weisener from Germany who wins 1 Jupiter
Mr Vicente from Spain who wins 1 Saturn

Who else hate em ..

[Minor Miner]

are you just daydreaming or did you find this 100GH/s per chip number somewhere in the hundreds of pages of smoke?   That seems impossibly high no?

quoting the relevant part of yesterday's newsletter ("Chip Progress report" paragraph)
 

This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.

Can you tell me where to find this newsletter?   Thanks.   

[daggeteo]

Can you tell me where to find this newsletter?   Thanks.   

Two places

1. Your inbox, if you're subscribing

2. https://bitcointalk.org/index.php?topic=232852.msg2584504#msg2584504

[sickpig]

are you just daydreaming or did you find this 100GH/s per chip number somewhere in the hundreds of pages of smoke?   That seems impossibly high no?

quoting the relevant part of yesterday's newsletter ("Chip Progress report" paragraph)
 

This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.

Can you tell me where to find this newsletter?   Thanks.   

https://www.kncminer.com/news/news-22

and if you are subscribed to their mailing list, yesterday you should have received an email with the exact same text you'll find on the link above

[notme]

are you just daydreaming or did you find this 100GH/s per chip number somewhere in the hundreds of pages of smoke?   That seems impossibly high no?

quoting the relevant part of yesterday's newsletter ("Chip Progress report" paragraph)
 

This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.

Can you tell me where to find this newsletter?   Thanks.   

https://www.kncminer.com/registration.aspx

[naRky]

A look inside KnCMiner, bitcoin mining’s dark horse

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

[titomane]

A look inside KnCMiner, bitcoin mining’s dark horse

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

Thanks

[merv77]

A look inside KnCMiner, bitcoin mining’s dark horse

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

thanks

I like this below

Nevertheless, prospects for FPGAs in general are far from bleak, Cole asserts. The company is planning an FPGA targeting the Scrypt-based altcurrency market, dominated by Litecoin, but with many other competitors. Users will be able to visit the KnCMiner website and download software to reprogram FPGA chips to mine any new coin that emerges as a contender, he promises. “That means that we can sell a $3000-$4000 product that returns your investment,” he says, but adds that it must be more functional than Mars. “It needs memory channels, the ability to be reprogrammed, and probably its own web interface.”

add me to the pre-pre-order list 

[Bitcoinorama]

A look inside KnCMiner, bitcoin mining’s dark horse

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

thanks

I like this below

Nevertheless, prospects for FPGAs in general are far from bleak, Cole asserts. The company is planning an FPGA targeting the Scrypt-based altcurrency market, dominated by Litecoin, but with many other competitors. Users will be able to visit the KnCMiner website and download software to reprogram FPGA chips to mine any new coin that emerges as a contender, he promises. “That means that we can sell a $3000-$4000 product that returns your investment,” he says, but adds that it must be more functional than Mars. “It needs memory channels, the ability to be reprogrammed, and probably its own web interface.”

add me to the pre-pre-order list 

Yes I purposely left that out of my report! I'm surprised that was mentioned!!