Swedish ASIC miner company kncminer.com

[Rampion]

A look inside KnCMiner, bitcoin mining’s dark horse

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

“We saw that the market was big enough to pre-fund the millions of dollars that you need for a 28 nm product. We decided that if we’re going to go, we’re going to go all-in to the very edge of the technology”.

Hope they have already gathered the "millions" needed to pay for the chip order. It looks like they are still in that process.

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[CMMPro]

Based on the number of orders and the minimum being $4k...that $3.5 million is only ~1000 products ordered for Saturn, ~500 Jupiter.

They have the funds for the chip order without a doubt.


I'm so excited to have an order in! These guys are such a pleasant "contrast" to the other hardware offerings out there....

[naRky]

Based on the number of orders and the minimum being $4k...that $3.5 million is only ~1000 products ordered for Saturn, ~500 Jupiter.

They have the funds for the chip order without a doubt.


I'm so excited to have an order in! These guys are such a pleasant "contrast" to the other hardware offerings out there....

I remember somewhere was screenshot and there was maybe 3000 units left? Here is screenshot from yesterday:




And today:




I think they have enough funds.

[merv77]

even if they didn't have all the funds now is irrelevant, and if they were short of funds then they'd have to get a loan as business must go on.
They are committed now and no turning back.

[Rampion]

I personally voted for the smaller miner option on the website - I think it's got a couple advantages that shouldn't be overlooked.

One, it allows for more individuals to get involved in mining, which in my mind follows the decentralization aspect of Bitcoin much better than large group buys and sticking large units in data centers.  I realize that from a business perspective scaling up presents a number of financial incentives, but doing it with Bitcoin mining is sort of irksome to me, but it is the reality we live in.

The other advantage is when a smaller machine goes down, the overall impact is lower to the miner.  Again, in a scaled operation a Saturn or Jupiter going down probably is a small machine, but at the individual level a $7k USD investment going offline is probably a large chunk, or perhaps in many cases the entire operation!

I'd like to see, if not a majority, at least a strong minority of mining capacity stay well distributed among individual owners, but most businesses and ASIC manufacturers I think are looking at it from a straight up, maximized ROI standpoint. Unfortunately, you can't blame them really.  It's why most businesses don't embrace more p2p technology in the first place - no profit advantage over consolidation. 

What we need for effective decentralization is millions of USB miners priced at $10 to $25, distributed in all the traditional channels (retailers, convenience stores, newstands, etc.).

That's the most effective way to spread mining hashrate to the masses, while also spreading the "bitcoin word". Hope some manufacturer has the balls to make that project happen - I would have for sure the means and the knowledge to take those babies to mass distribution, but I don't have in any case the technical expertise to make that hardware happen.

[DPoS]

That's the most effective way to spread mining hashrate to the masses, while also spreading the "bitcoin word". Hope some manufacturer has the balls to make that project happen - I would have for sure the means and the knowledge to take those babies to mass distribution, but I don't have in any case the technical expertise to make that hardware happen.

eventually the USBees and the K1's will get to that price but you have to have a computer or raspberry Pi running for them to work..  so they can be sold at the geeky stores and handed out at conferences instead of yet another branded flash drive

they won't really make any btc so might be tough for 'the masses' to embrace it... I have four of them running plus a ModMiner in an old WinXP box but not sure if they ever get the 16btc I spent on them even in a year!   Just think of someone getting a few on Christmas.. what will it make?

BTC going above $300 would be needed for what you want (and then they wont cost $10... and the cycle continues.. lol )

[Korbman]

A look inside KnCMiner, bitcoin mining’s dark horse

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

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.”

I think this is pretty awesome, and I presume they could pull it off. With a solid selection of dedicated scrypt miners, Litecoin could grow so much stronger than it is today...and it would also mean that any new scrypt based alt-coins (like the ones that come out every other day) would be crushed almost instantly (which I don't necessarily think is a bad thing).

[binaryFate]

With a solid selection of dedicated scrypt miners, Litecoin could grow so much stronger than it is today...

This is very ironic, as litecoin was supposed to be strong precisely because there weren't and will not be for a while scrypt dedicated miners.

[mvidetto]

With a solid selection of dedicated scrypt miners, Litecoin could grow so much stronger than it is today...

This is very ironic, as litecoin was supposed to be strong precisely because there weren't and will not be for a while scrypt dedicated miners.

As with all things in life it is only a matter of time.  I wouldn't be surprised if we see ASIC miners for scrypt down the road as the algorithm becomes older.

[opentoe]

What mining software will work with these miners? Do they have their own?

Also, will any US ATX power supply work? What kind of power supply do I need to buy to get ready?

[elasticband]

I got an email from them asking if I was going to pay for my order.....

[DPoS]

What mining software will work with these miners? Do they have their own?

Also, will any US ATX power supply work? What kind of power supply do I need to buy to get ready?

They need to update their FAQ page with all these things that have been said over and over

[Mota]

so? pay for it and don't post it on the forum.... and to the one before you: read the friggin thread, it's all in there.

[Emmie]

I got an email from them asking if I was going to pay for my order.....

All those punctuations make it sound like you were offended by the question 

[elasticband]

I just didnt think its was I needed to pay yet, maybe they just want the $115,000 or ehatever it is for the 12 Jupiter s I ordered

[AFox]

I just didnt think its was I needed to pay yet, maybe they just want the $115,000 or ehatever it is for the 12 Jupiter s I ordered

I believe you had a pre-order.
Normally you had 7 days to pay for your order or else you lose your pre-order place.
Be happy they are asking before canceling your order.

[just1nmc]

I just didnt think its was I needed to pay yet, maybe they just want the $115,000 or ehatever it is for the 12 Jupiter s I ordered

We would like to make it clear that orders which are not paid will not be given a place in the shipping queue until they are successfully paid for.
All orders are kept in your account history and we have not removed any active (New) orders. We will shortly begin removing any unpaid orders from our system if they remain unpaid for more than 7 days.

I would think people looking to order multiple Jupiters would at least read the newsletters.

[Kuroth]

I just didnt think its was I needed to pay yet, maybe they just want the $115,000 or ehatever it is for the 12 Jupiter s I ordered

Why you place such a small order???  Probably got canned because it was too small time...

[merv77]

I just didnt think its was I needed to pay yet, maybe they just want the $115,000 or ehatever it is for the 12 Jupiter s I ordered

are they still accepting pre-orders.?
if they are in fact pre-orders and they asked you for payment that should mean they are still valid.  Yes.?

I have some orders not paid but they are not pre-orders (not in the 1-500 lot) and I didn't get email to pay.

@elasticband, could you please ask KnC if your orders are still valid and if you can still transfer ownership?

[Phoenix1969]

I just didnt think its was I needed to pay yet, maybe they just want the $115,000 or ehatever it is for the 12 Jupiter s I ordered

are they still accepting pre-orders.?
if they are in fact pre-orders and they asked you for payment that should mean they are still valid.  Yes.?

I have some orders not paid but they are not pre-orders (not in the 1-500 lot) and I didn't get email to pay.

@elasticband, could you please ask KnC if your orders are still valid and if you can still transfer ownership?

All orders are preorders, and you need not get an email to pay. They started accepting preorder monies about like 3 weeks ago... and the placement que was open for more than a week to keep your pre-order spot. Someone who is thinking about such a substantial investment might think to check the site from time too time. If you couldn't figure that one out, maybe you should think about another investment. Every bit of information you needed is on the news page, which you obviously haven't read. You could have easily used a google addon site monitor. Its not too late, just pay for it. the longer you wait, the less you will make, period.