Swedish ASIC miner company kncminer.com

[pixl8tr]

I don't mind if they mine BTC when testing my units.  Just use my payout address when they do. ;-)

[Bitcoinorama]

I think knc is where they want to be right now slightly ahead of schedule for September deliveries.  If I were the competition I would be worried seeing as how once they pump out these machines they begin working on more energy efficient models maybe even 22nm chips.

Nothing to worry about so long as they don't mine with what they produce.  I hope they give Chinese scammers an uphill battle and I wish KNC the best.  I will proudly support them.  We need somebody competent in the ASIC world that can deliver.  If everything goes as planned for a September delivery then it's about fricken' time.

HUH? they DO mine with their product, as stated on the site....lol...what's wrong with that?

orly...that's news to me.    That wasn't on the site last I looked.  But I haven't looked in a while.

We need developers that stick to testnet.

Do they mine just what they need or do they plan on owning the network like ASICMiner?

I think you're both confused. They, as in each individual; Sam, Andreas, Johan, Marcus and Michael are miners themselves.

That doesn't mean they mine for profit using your hardware.

When it comes to testing they aim to have our wallet details, so the machines can be preconfigured the and the test credit enter our wallets, therefore, when we receive the product, we can simply; "plug n' play".

[Paladin69]

I think knc is where they want to be right now slightly ahead of schedule for September deliveries.  If I were the competition I would be worried seeing as how once they pump out these machines they begin working on more energy efficient models maybe even 22nm chips.

Nothing to worry about so long as they don't mine with what they produce.  I hope they give Chinese scammers an uphill battle and I wish KNC the best.  I will proudly support them.  We need somebody competent in the ASIC world that can deliver.  If everything goes as planned for a September delivery then it's about fricken' time.

HUH? they DO mine with their product, as stated on the site....lol...what's wrong with that?

orly...that's news to me.    That wasn't on the site last I looked.  But I haven't looked in a while.

We need developers that stick to testnet.

Do they mine just what they need or do they plan on owning the network like ASICMiner?

I think you're both confused. They, as in each individual; Sam, Andreas, Johan, Marcus and Michael are miners themselves.

That doesn't mean they mine for profit using your hardware.

When it comes to testing they aim to have our wallet details, so the machines can be preconfigured the and the test credit enter our wallets, therefore, when we receive the product, we can simply; "plug n' play".

Yeah I don't care that miners are developers.  I just hate seeing things like ASICMiner continually grow in-house solo'ing it.  It's not good.  Cool that they will send you test credits.  I was aware of them having their own collocation but it never bothered me they were going to lease since they aren't dividing things up like a stock.

I guess anything else you know I'd be happy to hear it.  This thread is freaking long and Sam has never told me much about their own individual mining operations.  As long as they are individual I don't see it as an issue.

[Phoenix1969]

SEE FAQ #2 ON THE FAQ PAGE

[Paladin69]

SEE FAQ #2 ON THE FAQ PAGE

 Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners.

Yeah that's fine, I think.  That is different from ASICMiner who is growing into a gigantic solo operation to own the network.  I guess time will tell.

I'd be curious to know how they pay themselves so they can individually mine on their own...referring to the owners and what their definition of "diversified" means.

[Phoenix1969]

Really?... wow. Can you post a link about the AsicMiner situation? I'd like to prepare for that situation, or at least try...

[canth]

SEE FAQ #2 ON THE FAQ PAGE

 Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners.

Yeah that's fine, I think.  That is different from ASICMiner who is growing into a gigantic solo operation to own the network.  I guess time will tell.

I'd be curious to know how they pay themselves so they can individually mine on their own...referring to the owners.

Heh, so we're clear, according to Paladin69:

KnC: Owners will be purchasing their own hardware at cost, mine with it and sell it. - *Good*
ASICMiner: Owners purchase their own hardware at cost, mine with it, sell it and share the revenues with their public investors - *Scammer*
 
Aren't you tired of the double standard, Paladin? You might want to rethink throwing around the scammer tagline.
---
I'm a strong supporter of both KnC and AM since they're both open and honest about their intentions - I just don't think that there's something inherently wrong with mining with your own hardware. I have a much bigger problem with Avalon and BFL pretending not to mine with their own hardware.

[Phoenix1969]

I agree 100% with Canth 

[Paladin69]

SEE FAQ #2 ON THE FAQ PAGE

 Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners.

Yeah that's fine, I think.  That is different from ASICMiner who is growing into a gigantic solo operation to own the network.  I guess time will tell.

I'd be curious to know how they pay themselves so they can individually mine on their own...referring to the owners.

Heh, so we're clear, according to Paladin69:

KnC: Owners will be purchasing their own hardware at cost, mine with it and sell it. - *Good*
ASICMiner: Owners purchase their own hardware at cost, mine with it, sell it and share the revenues with their public investors - *Scammer*
 
Aren't you tired of the double standard, Paladin? You might want to rethink throwing around the scammer tagline.
---
I'm a strong supporter of both KnC and AM since they're both open and honest about their intentions - I just don't think that there's something inherently wrong with mining with your own hardware. I have a much bigger problem with Avalon and BFL pretending not to mine with their own hardware.

If BFL was mining with it, it would be visible.  ASICMiner is clearly visible when looking at the pie charts.

I'm tired of explaining to the economic illiterate how paper promises work.  There is no double-standard, at least not yet that can be seen...I guess we'll find out this September.  I've said my peace in the other thread.  If you want to continue to help somebody centralize then whatever.

[bebfoo]

emailed support and got this regarding refunds:


-------------

Hi,
 
It depends on the method you used  to pay. But PayPal refunds are fairly quick.
 
Thanks
Emilia
 
Med vänlig hälsning  |  Best regards
Emilia Cole 
Kncminer
www.kncminer.com
Office: +46 8559 253 20



To: Customer Service
Subject: Re: New order # 2863
 
ok, thank you. How long do refunds usually take?
 
 

On Mon, Jul 1, 2013 at 1:56 PM, Customer Service <customerservice@kncminer.com> wrote:
Hi,
 
You can request a refund at any time prior to shipment date.
 
Thanks
Emilia

[Rampion]

SEE FAQ #2 ON THE FAQ PAGE

 Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners.

Yeah that's fine, I think.  That is different from ASICMiner who is growing into a gigantic solo operation to own the network.  I guess time will tell.

I'd be curious to know how they pay themselves so they can individually mine on their own...referring to the owners.

Heh, so we're clear, according to Paladin69:

KnC: Owners will be purchasing their own hardware at cost, mine with it and sell it. - *Good*
ASICMiner: Owners purchase their own hardware at cost, mine with it, sell it and share the revenues with their public investors - *Scammer*
 
Aren't you tired of the double standard, Paladin? You might want to rethink throwing around the scammer tagline.
---
I'm a strong supporter of both KnC and AM since they're both open and honest about their intentions - I just don't think that there's something inherently wrong with mining with your own hardware. I have a much bigger problem with Avalon and BFL pretending not to mine with their own hardware.

You all seem to forget that AM was at least partially (if not totally) funded with the funds raised in the IPO. Is a 50% publicly owned company from minute 1 (meaning BEFORE hardware development and manufacture).

Still, it's an amazing example of flawless and honest management (do not forget Friedcat is anonymous and he runs a completely "underground" operation, while delivering flawlessly). What they achieved is impressing and IMO they should be admired.

[Bitcoinorama]

SEE FAQ #2 ON THE FAQ PAGE

 Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners.

Yeah that's fine, I think.  That is different from ASICMiner who is growing into a gigantic solo operation to own the network.  I guess time will tell.

I'd be curious to know how they pay themselves so they can individually mine on their own...referring to the owners.

Heh, so we're clear, according to Paladin69:

KnC: Owners will be purchasing their own hardware at cost, mine with it and sell it. - *Good*
ASICMiner: Owners purchase their own hardware at cost, mine with it, sell it and share the revenues with their public investors - *Scammer*
 
Aren't you tired of the double standard, Paladin? You might want to rethink throwing around the scammer tagline.
---
I'm a strong supporter of both KnC and AM since they're both open and honest about their intentions - I just don't think that there's something inherently wrong with mining with your own hardware. I have a much bigger problem with Avalon and BFL pretending not to mine with their own hardware.

You all seem to forget that AM was at least partially (if not totally) funded with the funds raised in the IPO. Is a 50% publicly owned company from minute 1 (meaning BEFORE hardware development and manufacture).

Still, it's an amazing example of flawless and honest management (do not forget Friedcat is anonymous and he runs a completely "underground" operation, while delivering flawlessly). What they achieved is impressing and IMO they should be admired.

Aspects, I agree. They are ruthlessly efficient, and admittedly their buyers don't seem to complain.

[Rampion]

SEE FAQ #2 ON THE FAQ PAGE

 Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners.

Yeah that's fine, I think.  That is different from ASICMiner who is growing into a gigantic solo operation to own the network.  I guess time will tell.

I'd be curious to know how they pay themselves so they can individually mine on their own...referring to the owners.

Heh, so we're clear, according to Paladin69:

KnC: Owners will be purchasing their own hardware at cost, mine with it and sell it. - *Good*
ASICMiner: Owners purchase their own hardware at cost, mine with it, sell it and share the revenues with their public investors - *Scammer*
 
Aren't you tired of the double standard, Paladin? You might want to rethink throwing around the scammer tagline.
---
I'm a strong supporter of both KnC and AM since they're both open and honest about their intentions - I just don't think that there's something inherently wrong with mining with your own hardware. I have a much bigger problem with Avalon and BFL pretending not to mine with their own hardware.

You all seem to forget that AM was at least partially (if not totally) funded with the funds raised in the IPO. Is a 50% publicly owned company from minute 1 (meaning BEFORE hardware development and manufacture).

Still, it's an amazing example of flawless and honest management (do not forget Friedcat is anonymous and he runs a completely "underground" operation, while delivering flawlessly). What they achieved is impressing and IMO they should be admired.

Aspects, I agree. They are ruthlessly efficient, and admittedly their buyers don't seem to complain.

You should also know they are not only efficient in delivering hardware. They have been the very best possible management for their investors. They launched the ipo with 200,000 shares priced at 0.1BTC each, and they paid back the cost of each share to the public IPO investors with the first dividend. All the very first revenue generated by mining was reverted to investors so the people that believed in them was able to immediately breakeven.

Plus, they never failed a royalty pay day and they have been completely transparent when explaining delays in deployment, etc. As I said earlier, AM at IPO price has been the very best Bitcoin related investment up to date, hands off - and we had a lot of "mining bonds", securities and schemes of all kinds going on since the early days.

[DPoS]

anyone critizing AM forgets that they have shareholders and they did auctions to determine market price on their units before settling on prices for later batches.   

Friedcat has played his hand, his investors hand, and the free market hand brilliantly all at the same time

That is why I told that ars technica writer to forget about BFL and do his paper on AM.  But I guess that would of been too much work and not enough sleeze

[Phoenix1969]

emailed support and got this regarding refunds:


-------------

Hi,
 
It depends on the method you used  to pay. But PayPal refunds are fairly quick.
 
Thanks
Emilia
 
Med vänlig hälsning  |  Best regards
Emilia Cole 
Kncminer
www.kncminer.com
Office: +46 8559 253 20



To: Customer Service
Subject: Re: New order # 2863
 
ok, thank you. How long do refunds usually take?
 
 

On Mon, Jul 1, 2013 at 1:56 PM, Customer Service <customerservice@kncminer.com> wrote:
Hi,
 
You can request a refund at any time prior to shipment date.
 
Thanks
Emilia

Thank you for the update...   I was one of the lucky ones who was able to cancel a late BFL Single SC order..  and used paypal to do it...it begins very quick, but takes about ten banking days to get to your bank. First, it goes from their bank, to paypal, (Depending on how long it takes for them to "approve it, takes 3-5 working days plus however many days they lalligagged.)at which time they boast completion: but then, it travels from PayPal to the source you funded it from: card, bank, etc...which of course takes even more time... 3-5 more business days. So at best 6 banking days, super minimum. Mine from BFL took two weeks, with Jody approving it next-day.

That really chapps my arse as well.... about ten seconds to purchase, and two weeks to refund, with a compliant vendor!

[canth]

SEE FAQ #2 ON THE FAQ PAGE

 Why are you selling the Miners and don’t mine yourself (will you use the miners for mining yourself)?

    We are mining ourselves, but we believe in the bitcoin project and a diversified market is the best for all parties. We will continue to mine but we do not believe in a monopoly of miners.

Yeah that's fine, I think.  That is different from ASICMiner who is growing into a gigantic solo operation to own the network.  I guess time will tell.

I'd be curious to know how they pay themselves so they can individually mine on their own...referring to the owners.

Heh, so we're clear, according to Paladin69:

KnC: Owners will be purchasing their own hardware at cost, mine with it and sell it. - *Good*
ASICMiner: Owners purchase their own hardware at cost, mine with it, sell it and share the revenues with their public investors - *Scammer*
 
Aren't you tired of the double standard, Paladin? You might want to rethink throwing around the scammer tagline.
---
I'm a strong supporter of both KnC and AM since they're both open and honest about their intentions - I just don't think that there's something inherently wrong with mining with your own hardware. I have a much bigger problem with Avalon and BFL pretending not to mine with their own hardware.

You all seem to forget that AM was at least partially (if not totally) funded with the funds raised in the IPO. Is a 50% publicly owned company from minute 1 (meaning BEFORE hardware development and manufacture).

Still, it's an amazing example of flawless and honest management (do not forget Friedcat is anonymous and he runs a completely "underground" operation, while delivering flawlessly). What they achieved is impressing and IMO they should be admired.

Aspects, I agree. They are ruthlessly efficient, and admittedly their buyers don't seem to complain.

You should also know they are not only efficient in delivering hardware. They have been the very best possible management for their investors. They launched the ipo with 200,000 shares priced at 0.1BTC each, and they paid back the cost of each share to the public IPO investors with the first dividend. All the very first revenue generated by mining was reverted to investors so the people that believed in them was able to immediately breakeven.

Plus, they never failed a royalty pay day and they have been completely transparent when explaining delays in deployment, etc. As I said earlier, AM at IPO price has been the very best Bitcoin related investment up to date, hands off - and we had a lot of "mining bonds", securities and schemes of all kinds going on since the early days.

+1. On that note, if KnC were to consider an "IPO" on one of the exchanges, I'm very certain they'd get any reasonable funding they'd want. Everyone is looking for the next AM.

[nightengale]

Trash-talk from BFL Josh about KnC:

https://forums.butterflylabs.com/pre-sales-questions/3616-whos-placing-new-orders-bfl-right-now-heres-real-competition-post44762.html#post44762

I *really* want them to be able to rub this in his face three months from now.

[erk]

+1. On that note, if KnC were to consider an "IPO" on one of the exchanges, I'm very certain they'd get any reasonable funding they'd want. Everyone is looking for the next AM.

Without a working prototype to demonstrate, IPO style funding would be tricky, and it takes a long time to organize. Kickstarter or pre-orders would be more practical.

[opentoe]

Placed an order for a couple of these and I'm in America and read they use standard ATX computer power supply. Since no one has one of these yet, what power supply would you recommend for the US? Also, what about connectivity. Is there a USB port on it? Does it have it's down mining software or can it run what is already out there? I just want to make to make sure I get the right hardware (power converters) and all that) before the unit comes and have the proper software. I started to read the pages and had to stop at 25, it was just taking too long. Not much is on their website about this stuff either.

[DPoS]

Placed an order for a couple of these and I'm in America and read they use standard ATX computer power supply. Since no one has one of these yet, what power supply would you recommend for the US? Also, what about connectivity. Is there a USB port on it? Does it have it's down mining software or can it run what is already out there? I just want to make to make sure I get the right hardware (power converters) and all that) before the unit comes and have the proper software. I started to read the pages and had to stop at 25, it was just taking too long. Not much is on their website about this stuff either.

I hope they charge a little more and hire someone to update their FAQ