Swedish ASIC miner company kncminer.com

[btcusr]

May be someone who wants a quick profit only cares about ROI, but if someone wants to stay in business for long term and earn reputation will never do that.

I like, free 20% hash rate for 30 days delay scheme of cointera, and it feels better too. That's a commitment, yet we're not sure whether they deliver.

If you say September shipments then that means it may be September 30, it can never be September 1. If anyone gets their miners before October 15, then they should consider themselves lucky.

In the meantime, if there are any spike in exchange rate, say $300+. This could further delay the product, and no one knows what went wrong.

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[gmaxwell]

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…

[erk]

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…

They reckon they have already done the miner software themselves and thanked the cgminer devs for the code base.

[BigLad]

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…

They reckon they have already done the miner software themselves and thanked the cgminer devs for the code base.

Thought when I asked Kano what he did for them he said he hadnt done anything on it...

[-Redacted-]

Reading comprehension problem?

[eve]

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…

Ya, no chip to show, where are the chips, not even a picture or a video demonstrating their enormous hashing power the shills and trolls or socks puppets will always say be patience and be positive or just shut up.

[BigLad]

Reading comprehension problem?

Yep, should read stuff properly!

[timmmers]

So. Um.

All this speculation.  If they're going to make people's expected delivery dates— you would have thought that they'd have test hardware in the miner software folks (remote) hands by now.

Just saying…

Ya, no chip to show, where are the chips, not even a picture or a video demonstrating their enormous hashing power the shills and trolls or socks puppets will always say be patience and be positive or just shut up.

Don't worry, when the 1st rigs arrive in a matter of weeks I'm sure their owners will happily ram videos and pics of them hashing down your throat

[Bitcoinorama]

And yet ya seriously think that they give 2 shits about the network hash rate. They are producing a product that is being purchased. ROI ROI ROI that is the only thing ya talk about. BitCoin is an investment and not a stable one. It may pay out and it may not. Just the way the ball bounces. So enjoy your carrot when it gets here and quit bitching.  

Indeed. They are building a machine that spits out Bitcoins, they are not converting customers dollars into Bitcoins no matter how you word it. That is the job of an exchange, and you can see how hard certain governments are coming down on those due to legalities and requirements of financial service orientated businesses. KnC make machines that distribute network, increase it's securty, and Bitcoins are merely a reward as part of that protocol. All this talk of ROI is something some forum members are choosing to focus on themselves. KnC have no control over competition, or BTC price, the same as JCB (http://www.jcb.com/) has no control over whether physical mining companies happen to dig in the right area. This is an crucial distinction to understand. They couldn't predict what the BTC price would be currently, three months ago, but obviously priced fairly under the assumption it would remain stable, which within reason, it has, but they cannot claim or reason that they did this openly online, or admit to that, as it is illegal.

Moreover they cannot promise 'Return on Investment', neither can any other company, and those that are are breaking the law. They have to register and adhere to the law with respect to being a financial service if they are promising 'returns on investment', or even mentioning the word 'investment', anywhere. It's not merely a 'grey area', it is illegal. FinCEN in the US just haven't acknowledged that Bitsyncom, or Hashfast are breaking the law mentioning those words. Why do you think Yifu wants to suddenly keep people happy? Future sales? Pfft. Bitsyncom now realise with Bitcoin seen as a currency at a federal level in the US, should they end up in court, he is in the shit, big time, as his past wording has;

1). Classed his offering as an unregulated financial services product,
2). He has failed to deliver on his promise,
3). He has directly affected his inability to deliver as promised, and ensured his customers have realised a loss, over the gains promised.
4). He priced his products based on the returns they were claimed they would receive.
5). FinCEN will tear his non BS terms to pieces. Fact. He's adhered to none of their guidelines or registered his company as a financial service.

[ImI]

Yet they are happy to support mega farms

Source?

Um, the post I will commenting on above. Also I guess you haven't heard of things like ASICminer and 100TH

I asked for a source not some fishy comment in a thread.

[erk]

Yet they are happy to support mega farms

Source?

Um, the post I will commenting on above. Also I guess you haven't heard of things like ASICminer and 100TH

I asked for a source not some fishy comment in a thread.

Oh you are a smart ass too, I should have guessed, welcome to the ignore list.

[ImI]

LOL! You are stating that KNC is supporting big miner farms, i am asking for a source for such news, you cant deliver and put me on ignore!?

LOOOOOL.

You just spreaded bullshit thats it and couldnt take it when someone points a finger to that bullshit.

[btc_uzr]

LOL! You are stating that KNC is supporting big miner farms, i am asking for a source for such news, you cant deliver and put me on ignore!?

LOOOOOL.

You just spreaded bullshit thats it and couldnt take it when someone points a finger to that bullshit.

+1

we definitely need another culture of conversation in here
 ..like when putting an assertion in place, provide links, facts, some kind of indication or at least structured thoughts leading to to that, otherwise mark it as speculation or question, please

 Would be win-win situation, except for FUD spreaders, no?

[Phoenix1969]

I agree... Saying KNC "Supports" 100th is total BS, and if you can't tell Emanuel is lying about getting his miners first.... well....  You must think that KNC was lying when they said the que list was sacred. Does this person expect KNC to refuse to sell product to someone? You have a mighty odd way of thinking.

P.S.  I Vote the "Life on Bitcoin" peeps get Jupiter #1

[FeedbackLoop]

And yet ya seriously think that they give 2 shits about the network hash rate. They are producing a product that is being purchased. ROI ROI ROI that is the only thing ya talk about. BitCoin is an investment and not a stable one. It may pay out and it may not. Just the way the ball bounces. So enjoy your carrot when it gets here and quit bitching.  

Indeed. They are building a machine that spits out Bitcoins, they are not converting customers dollars into Bitcoins no matter how you word it. That is the job of an exchange, and you can see how hard certain governments are coming down on those due to legalities and requirements of financial service orientated businesses. KnC make machines that distribute network, increase it's securty, and Bitcoins are merely a reward as part of that protocol. All this talk of ROI is something some forum members are choosing to focus on themselves. KnC have no control over competition, or BTC price, the same as JCB (http://www.jcb.com/) has no control over whether physical mining companies happen to dig in the right area. This is an crucial distinction to understand. They couldn't predict what the BTC price would be currently, three months ago, but obviously priced fairly under the assumption it would remain stable, which within reason, it has, but they cannot claim or reason that they did this openly online, or admit to that, as it is illegal.

Moreover they cannot promise 'Return on Investment', neither can any other company, and those that are are breaking the law. They have to register and adhere to the law with respect to being a financial service if they are promising 'returns on investment', or even mentioning the word 'investment', anywhere. It's not merely a 'grey area', it is illegal. FinCEN in the US just haven't acknowledged that Bitsyncom, or Hashfast are breaking the law mentioning those words. Why do you think Yifu wants to suddenly keep people happy? Future sales? Pfft. Bitsyncom now realise with Bitcoin seen as a currency at a federal level in the US, should they end up in court, he is in the shit, big time, as his past wording has;

1). Classed his offering as an unregulated financial services product,
2). He has failed to deliver on his promise,
3). He has directly affected his inability to deliver as promised, and ensured his customers have realised a loss, over the gains promised.
4). He priced his products based on the returns they were claimed they would receive.
5). FinCEN will tear his non BS terms to pieces. Fact. He's adhered to none of their guidelines or registered his company as a financial service.

I was told over the phone with KNC that law was indeed one of the reasons why KNC does not have a miner protection program but that they would try to make the best for their customers or some careful wording of the sort (really can't remember the wording).

[Phoenix1969]

And yet ya seriously think that they give 2 shits about the network hash rate. They are producing a product that is being purchased. ROI ROI ROI that is the only thing ya talk about. BitCoin is an investment and not a stable one. It may pay out and it may not. Just the way the ball bounces. So enjoy your carrot when it gets here and quit bitching.  

Indeed. They are building a machine that spits out Bitcoins, they are not converting customers dollars into Bitcoins no matter how you word it. That is the job of an exchange, and you can see how hard certain governments are coming down on those due to legalities and requirements of financial service orientated businesses. KnC make machines that distribute network, increase it's securty, and Bitcoins are merely a reward as part of that protocol. All this talk of ROI is something some forum members are choosing to focus on themselves. KnC have no control over competition, or BTC price, the same as JCB (http://www.jcb.com/) has no control over whether physical mining companies happen to dig in the right area. This is an crucial distinction to understand. They couldn't predict what the BTC price would be currently, three months ago, but obviously priced fairly under the assumption it would remain stable, which within reason, it has, but they cannot claim or reason that they did this openly online, or admit to that, as it is illegal.

Moreover they cannot promise 'Return on Investment', neither can any other company, and those that are are breaking the law. They have to register and adhere to the law with respect to being a financial service if they are promising 'returns on investment', or even mentioning the word 'investment', anywhere. It's not merely a 'grey area', it is illegal. FinCEN in the US just haven't acknowledged that Bitsyncom, or Hashfast are breaking the law mentioning those words. Why do you think Yifu wants to suddenly keep people happy? Future sales? Pfft. Bitsyncom now realise with Bitcoin seen as a currency at a federal level in the US, should they end up in court, he is in the shit, big time, as his past wording has;

1). Classed his offering as an unregulated financial services product,
2). He has failed to deliver on his promise,
3). He has directly affected his inability to deliver as promised, and ensured his customers have realised a loss, over the gains promised.
4). He priced his products based on the returns they were claimed they would receive.
5). FinCEN will tear his non BS terms to pieces. Fact. He's adhered to none of their guidelines or registered his company as a financial service.

I was told over the phone with KNC that law was indeed one of the reasons why KNC does not have a miner protection program but that they would try to make the best for their customers or some careful wording of the sort (really can't remember the wording).

In a sense... they do and don't, lol... It's network protection, instead of miner protection...

[tolip_wen]

I got a reply from KnC regarding BBB OS.

"The OS will be a  custom version  of Angstrom OS. The source code will be made available when we completed the hardware, and miners are released. "


Soon!

[Xialla]

I think that this "network protection statement" is obsolete now, because before couple of months there for nothing about:

cointerra
hashfast
bfl monarch
avalon gen. 2
xcrowd
labcoin
.. and maybe I forgot to mention someone.

..and I expect, that some new manufacturers will appears to the end of the year.) I'm pretty sure, that all of these manufacturers will not stop producing hw for 3 months because of KNC.)

[FeedbackLoop]

And yet ya seriously think that they give 2 shits about the network hash rate. They are producing a product that is being purchased. ROI ROI ROI that is the only thing ya talk about. BitCoin is an investment and not a stable one. It may pay out and it may not. Just the way the ball bounces. So enjoy your carrot when it gets here and quit bitching.  

Indeed. They are building a machine that spits out Bitcoins, they are not converting customers dollars into Bitcoins no matter how you word it. That is the job of an exchange, and you can see how hard certain governments are coming down on those due to legalities and requirements of financial service orientated businesses. KnC make machines that distribute network, increase it's securty, and Bitcoins are merely a reward as part of that protocol. All this talk of ROI is something some forum members are choosing to focus on themselves. KnC have no control over competition, or BTC price, the same as JCB (http://www.jcb.com/) has no control over whether physical mining companies happen to dig in the right area. This is an crucial distinction to understand. They couldn't predict what the BTC price would be currently, three months ago, but obviously priced fairly under the assumption it would remain stable, which within reason, it has, but they cannot claim or reason that they did this openly online, or admit to that, as it is illegal.

Moreover they cannot promise 'Return on Investment', neither can any other company, and those that are are breaking the law. They have to register and adhere to the law with respect to being a financial service if they are promising 'returns on investment', or even mentioning the word 'investment', anywhere. It's not merely a 'grey area', it is illegal. FinCEN in the US just haven't acknowledged that Bitsyncom, or Hashfast are breaking the law mentioning those words. Why do you think Yifu wants to suddenly keep people happy? Future sales? Pfft. Bitsyncom now realise with Bitcoin seen as a currency at a federal level in the US, should they end up in court, he is in the shit, big time, as his past wording has;

1). Classed his offering as an unregulated financial services product,
2). He has failed to deliver on his promise,
3). He has directly affected his inability to deliver as promised, and ensured his customers have realised a loss, over the gains promised.
4). He priced his products based on the returns they were claimed they would receive.
5). FinCEN will tear his non BS terms to pieces. Fact. He's adhered to none of their guidelines or registered his company as a financial service.

I was told over the phone with KNC that law was indeed one of the reasons why KNC does not have a miner protection program but that they would try to make the best for their customers or some careful wording of the sort (really can't remember the wording).

In a sense... they do and don't, lol... It's network protection, instead of miner protection...

Considering this and the fact that Xialla brought up: I would say one converts to the other if, for the new hardware they deliver to face the competition, they give good discounts or upgrade possibilities to existing customers. There was some text on that direction that I can't find (was it a forum post?).

[crumbs]

I think that this "network protection statement" is obsolete now, because before couple of months there for nothing about:

cointerra
hashfast
bfl monarch
avalon gen. 2
xcrowd
labcoin
.. and maybe I forgot to mention someone.

..and I expect, that some new manufacturers will appears to the end of the year.) I'm pretty sure, that all of these manufacturers will not stop producing hw for 3 months because of KNC.)

Yep.  Bitfury.  Shipping now/hashing now at: https://ghash.io/  163TH/s and growing.