Swedish ASIC miner company kncminer.com

[Anenome5]

Hey guys about my issue they emailed me today and said they will refund me in USD!

The guys are very professional IMO and too bad I did not catch the pre-orders...
Next time!

I hope they will deliver on time, they deserve to succeed.

Did you originally pay in bitcoin or USD?

[1713963435]

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[1713963435]

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[klee]

Hey guys about my issue they emailed me today and said they will refund me in USD!

The guys are very professional IMO and too bad I did not catch the pre-orders...
Next time!

I hope they will deliver on time, they deserve to succeed.

Did you originally pay in bitcoin or USD?

Bitcoins through Bitpay (see previous posts).

[Bitcoinorama]

Hey guys about my issue they emailed me today and said they will refund me in USD!

The guys are very professional IMO and too bad I did not catch the pre-orders...
Next time!

I hope they will deliver on time, they deserve to succeed.

Did you originally pay in bitcoin or USD?

Bitcoins through Bitpay (see previous posts).

Obviously refunds from Bitcoins will be in dollars. Bitpay converts instantly and KnC's suppliers currently accept payment only in Dollars. Plus as a professional company, they want to declare everything and keep it all above board...

[polarhei]

Has anyone seen the new update today with the hosting plans?  Suuuuuppper expensive.  Unless we can hope to see a serious price jump it wouldn't make any sort of sense to host there unless you were a bitcoin millionaire bum?

Expensive? Well Just reasonable as the basic cost, for 25 US cents per kWh, 432 kWh at most per month, in Saturn case. I think it is sensible. You can count yourself as the people look after your avatar, isn't it?

[Paladin69]

Does anybody know when the purchasing window closes this year?

[Bitcoinorama]

Does anybody know when the purchasing window closes this year?

When they've sold out of stock.

[yuriygeorge]

Does anyone know if a Jupiter (or Saturn) would fit as a carry on and would there be customs/duty problems going from Sweden to US?
Thanks.

[ASIC-K]

i doubt it would be allowed as carry on. it will probably look like a huge bomb. lol.

just check it.

[madsusies]

Does anybody know when the purchasing window closes this year?

Who care, for 100Gh Difficulty Factor 26=5600$ now 31mil=4700$ in October 62mil=2200$ in dec. 100mil=1200$ a month, THX God  i live in poor country  in Feb 500$ stop being funny 

[Bitcoinorama]

Does anyone know if a Jupiter (or Saturn) would fit as a carry on and would there be customs/duty problems going from Sweden to US?
Thanks.

I actually asked and they said it should fit in cabin allowance size wise. But that was ages back before they had finalised the design. That said, it's at the discretion/mercy of customs and I just see that being a lot of aggro. It would have to go in the hold. Without PSU and maybe check in well ahead to confirm at the counter of your spec airline?

[allinvain]

Has anyone seen the new update today with the hosting plans?  Suuuuuppper expensive.  Unless we can hope to see a serious price jump it wouldn't make any sort of sense to host there unless you were a bitcoin millionaire bum?

Expensive? Well Just reasonable as the basic cost, for 25 US cents per kWh, 432 kWh at most per month, in Saturn case. I think it is sensible. You can count yourself as the people look after your avatar, isn't it?

Wow, 25 cents per kWh. That's some expensive power they got there. When difficulty pushes even these against the profitability wall they will have to be relocated to some place where power costs are at or below $0.10 kWh

[OmegaNemesis28]

After having a meeting with colleagues(seperate entities) in a brainstorming session that took over 7 hours, I was compelled to share the following with my genius friends here in the forum to chew on... hope it helps someone...
We had a Pow-wow discussion about the hosting situation at KNC, which we had been excited about such a great deal because our electrical costs here alone seemed to make hosting a bargain. (.43/kwhr is 309.60/month for a Jupiter), so for $350 a month, that's like paying $40.40 per month for hosting a Jupiter with the "Dream Team" as we call KNC...
Then we got the bad news.
Hosting will be up-front. This changes everything.
Ultimately, we decided against having KNC host the 3 Saturns we ordered for the following reasons...
1. The UP-Front policy changed the ROI drastically.
  a. Hosting 3 Saturns for 6 months costs 4200 dollars... up-front
  b. Buying another Saturn costs $3,897.60 here in Hawaii with shipping.  (see where I'm going with this?)
2. Here in Hawaii, the electric cost is the among the highest in the world, literally .43/kw/hr, which comes to $464.40/month for the original 3 Saturns just for electric, or $154.80/month/Saturn; which comes to  $928.80 in electric over the six month contract term for each Saturn here in Hawaii.  That's a difference of $3,271.20 over the 6 month hosting fee, which is the actual cost of hosting a single Saturn after electric for us.
3. Now, instead of spending the $4,200.00 on hosting, if we simply bought another Saturn, we would have increased our hash-rate by 25% (200Gh/s)over that six months for $3,897.60. With a projected ROI of 30 days,(We feel an modest estimate) that would leave us with over 300 dollars, and 5 months of pure hashing profit over the same six months, not to mention that we still have the machine hashing long after that.

To put it more simply; Consider the comparison of up-front hosting fees against the lifetime income potential of the machine, minus electric.

We argued other points, like how much we could make in the few days it took to ship versus hosting, which was an attractive point since we are literally on the other side of the world, and what we could stand to loose if the package took 10 to 14 days to arrive.... but with every calculation, the numbers were negligible in comparison to the lifetime ownership of another machine.

Now, if We were able to pay on a month-to month basis during the 6 month term, we would have certainly went for hosting straight away, due to the drastically lower start-up costs. (Hint to Sam & Andreas)

thanks for the breakdown of the numbers. Good stuff.

[edgar]

Two things I'd like more info on. October...which end of it?  Next gen..stats and prices they have as targets.
We can't do much about hashrates and all that side of things now, but we can plan for the future better with some basic info.

I also wonder if them talking about a LTC rig may be their backdoor out if things get too much in BTC..sensible way to go possibly.

I think as potential competition hots up (and I think we are only *just* starting to see potential competition - it's going to get a LOT stronger) it's time for KnC to keep quiet with their future intentions and stats that give an idea of their next move to competitors, quit talking, and time to simply walk the walk by demonstrating skill and capability...

is that what time it is???

[Nemo1024]

Just read this: https://bitcointalk.org/index.php?topic=262052.0
Should we, who have KnC preorders, start panicking?

[shiunsai]

Does anybody know when the purchasing window closes this year?

Who care, for 100Gh Difficulty Factor 26=5600$ now 31mil=4700$ in October 62mil=2200$ in dec. 100mil=1200$ a month, THX God  i live in poor country  in Feb 500$ stop being funny 

And what if price shoots up 2014, that'd be nice

[erk]

Just read this: https://bitcointalk.org/index.php?topic=262052.0
Should we, who have KnC preorders, start panicking?

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

[sickpig]

Just read this: https://bitcointalk.org/index.php?topic=262052.0
Should we, who have KnC preorders, start panicking?

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

not yet

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

[erk]

Just read this: https://bitcointalk.org/index.php?topic=262052.0
Should we, who have KnC preorders, start panicking?

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

not yet

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

I see no difference between a competitors effect on ROI vs the effect of hashing from KNCminer boxes that come online after yor receive yours.

[Bitcoinorama]

Just read this: https://bitcointalk.org/index.php?topic=262052.0
Should we, who have KnC preorders, start panicking?

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

not yet

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

A single retarget never changes by more than a factor of 4 as a stop mechanism to prevent large changes in difficulty (except for in a special case that only applies on testnet).

The code that enforces this is here;

https://github.com/bitcoin/bitcoin/blob/d62a1947be5350ed60066ccacc7aba43bbdf48fb/src/main.cpp#L875

However the rate and the proportionate share of reward of the total 2016 blocks is required to be solved in between each difficulty retarget will be affected by a sudden increase in network hashrate;

"The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. At the desired rate of one block each 10 minutes, 2016 blocks would take exactly two weeks to find. If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find."

But as Erk just pointed out, irrespective of whether it is boxes from Bitfury, Hashfast, other future competitors using 28nm, or additional boxes from KnC themselves, if people wish to buy into mining themselves there will be options in the near future for them to do that. So until the market it saturated with buyers that aren't getting burned by scammers hashrate will rise regardless...

[frankenmint]

Just read this: https://bitcointalk.org/index.php?topic=262052.0
Should we, who have KnC preorders, start panicking?

A 400watt chip, that's should be interesting to cool.

Is the price and model information released?

not yet

Obviously theses systems are coming to market after KNCminer is scheduled to ship, so that wont be an issue.

not quite, IMHO. if HashFast will sell a significant amount of miners at a competitive price obviously difficulty will increase faster than expected, so our time to ROI will become longer, no?

A single retarget never changes by more than a factor of 4 as a stop mechanism to prevent large changes in difficulty (except for in a special case that only applies on testnet).

The code that enforces this is here;

https://github.com/bitcoin/bitcoin/blob/d62a1947be5350ed60066ccacc7aba43bbdf48fb/src/main.cpp#L875

However the rate and the proportionate share of reward of the total 2016 blocks is required to be solved in between each difficulty retarget will be affected by a sudden increase in network hashrate;

"The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. At the desired rate of one block each 10 minutes, 2016 blocks would take exactly two weeks to find. If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find."

But as Erk just pointed out, irrespective of whether it is boxes from Bitfury, Hashfast, other future competitors using 28nm, or additional boxes from KnC themselves, if people wish to buy into mining themselves there will be options in the near future for them to do that. So until the market it saturated with buyers that aren't getting burned by scammers hashrate will rise regardless...

back to topic pls....no one cares about competitors on this thread....gimmie my KNC FIX!