Swedish ASIC miner company kncminer.com

[vesperwillow]

I wouldn't write-off Cointerra too quickly. I'm a big fan of KNC, but with equal research/questioning/etc about Cointerra, I like them as well.

In my questions to KNC regarding future product to cover the growth of the network, they've hinted at not making any TH machines for the next generation, but looking more toward discounts to loyal customers. Honestly, TH is going to be the new GH in a matter of weeks. Case in point, if you don't get KNC equipment by October, you may as well not order their products even with the current discount, due to hash/difficulty. Cointerra, of all the TH prospects, is the best bet as of this second.

Not to mention, it wouldn't make sense for some of their staff to leave corporate positions to form this company, if they didn't plan on at least shipping products.

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[jmw74]

http://forum.kncminer.com/forum/main-category/hardware/2091-please-update

Good.  Glad they said it publicly.

Of course the proof is still in the pudding, but it would be a bad sign if they'd stayed silent and evasive.

My "refund" Defcon goes from 4 to 5.  

[Mota]

I wouldn't write-off Cointerra too quickly. I'm a big fan of KNC, but with equal research/questioning/etc about Cointerra, I like them as well.

In my questions to KNC regarding future product to cover the growth of the network, they've hinted at not making any TH machines for the next generation, but looking more toward discounts to loyal customers. Honestly, TH is going to be the new GH in a matter of weeks. Case in point, if you don't get KNC equipment by October, you may as well not order their products even with the current discount, due to hash/difficulty. Cointerra, of all the TH prospects, is the best bet as of this second.

Not to mention, it wouldn't make sense for some of their staff to leave corporate positions to form this company, if they didn't plan on at least shipping products.

Sure. I fully trust a company who is that late to the game and takes preorders 5 months in advance for a second batch of units when they have no payment options except bitcoin and wire transfer. Sounds like BFL 2.0 to me.

[vesperwillow]

You can still place orders for December or choose January. Supposedly their production line is outsourced, semi-automated, capable of several thousand units a day. Supposedly are also looking to open it up to credit card payments as well.

Similar to KNC, Cointerra has some hard hitting engineers on the team.

Still, any preorder with any company is a gamble. No company should be compared to BFL unless they've proven themselves a scam. That's just unnatural.

[FUKT]

When i e-mailed Sam last night to ask about the chips.  And the process,  He didn't give out to much information.  But responded quickly.   Not much we can do right now.  But sit back and wait.  Or ask for a refund.  Me i have waited this long i will wait another two weeks and go from there my self.  But if anyone was interested in his response here it is.  

"
Hi
 
Everything is still on track. The Chips are only about 10% of the design. People think that the complexity is ALL in the chip which it’s not, They are a VERY important part that’s for sure but not the only important part.
 
The boards are actually a very complicated part of the design and the on board controller takes many more man hours to develop than the chips. We have 25 staff here at KnC all working towards the same goal in many different departments. There is a lot going on, and so far all departments are on track. There are two weeks left and we still believe that we will ship boxes this month.
 
Rest assured that we are here and working towards the goal as fast as we can. If we miss this deadline it will be very upsetting for us but so far I know of nothing that is likely to cause us to miss our deadline.
 
Thanks,
Sam
Med vänlig hälsning  |  Best regards
Sam Cole
Kncminer
www.kncminer.com
Office: +46 8559 253 20"

Why don't we organise every buyer of KNC products to all email Sam or whomever at the same time. By doing this we can take up more of their time with inane banal questions.

[bbxx]

There are two weeks left and we still believe that we will ship boxes this month.
 If we miss this deadline it will be very upsetting for us.

Quoted for future trolling/bashing.

[demonmaestro]

And just think people were bitching about this

[kwilliams]

Some insider info:
* Knc will not ship before November
* Cointerra is a red haring, no significant capacity to come from them before Q2/2014
* The current big players are http://www.alydian.co and http://www.bitfury.org/, who bring large chip farms in house in a professional colo environment.

What matters most next few months is not the capacity shipped but the capacity deployed. Even if KNC ships 5K boxes to right now, expect for them to take weeks to get fully deployed and there will be constant outages (residential internet went down, power lost at the basement, etc)

On the other hand one receives 100TH worth of silicon and brings them online in one day - it's there to stay and you can see the vertical spikes on the difficulty charts

[RoadStress]

There are two weeks left and we still believe that we will ship boxes this month.
 If we miss this deadline it will be very upsetting for us.

Quoted for future trolling/bashing.

You just gave me the best logo idea:

Mining a block every two weeks™

[dwdoc]

One thing is clear. When it comes to the single most important factor in manufacture of a bitcoin mining device (adhering to a projected delivery schedule) KnC did not "over deliver."

[ralree]

Some insider info:
* Knc will not ship before November
* Cointerra is a red haring, no significant capacity to come from them before Q2/2014

Inside what?  I'll be interested to see how your predictions play out.

[demonmaestro]

Hmmm this is how i feel.

[ralree]

One thing is clear. When it comes to the single most important factor in manufacture of a bitcoin mining device (adhering to a projected delivery schedule) KnC did not "over deliver."

Well, I don't really see how that is clear - if they ship even a day before their target date, that's over-delivering in my book.  AFAIK we haven't passed that deadline yet.

[RoadStress]

* The current big players are http://www.alydian.co and http://www.bitfury.org/, who bring large chip farms in house in a professional colo environment.

Yes because Alydian are such great when they are stating on their website: "August Availability: 5 and 10TH/s turnkey mining systems". It's almost October!

[kano]

One thing is clear. When it comes to the single most important factor in manufacture of a bitcoin mining device (adhering to a projected delivery schedule) KnC did not "over deliver."

Well, I don't really see how that is clear - if they ship even a day before their target date, that's over-delivering in my book.  AFAIK we haven't passed that deadline yet.

I'm still not sure exactly what their target date is.
In April it was "a few months" in "Summer"

When I brought that up, "few" was defined as being the largest possible value anyone could think it could be when it became the last day of Summer.

Is it now the end of September? Coz two weeks from now is indeed the end of September
(the last day of Summer in the northern hemisphere is Saturday, September 21, 4 days away)

I'm certainly still surprised about the assumption that the chip that comes out first go will be perfect.
Indeed I guess KnC would be the first company to achieve such an amazing feat with a Bitcoin design ... completely of their own? ...

[demonmaestro]

I am sure that KNC has had availability of testing said chip. Else how would they know what to design everything else?

[shade88]

So this one choose Anti-BFL approach? Show nothing and still sells

[timmmers]

Millions of components arriving? Wasn't expecting that. I was expecting the number of rigs x the very few components they contain. Surely they ain't going to be assembling boards as opposed to them being delivered complete ?

Believe ...there's my key word. I know people who believe in alsorts of crazy shit like gods and stuff. I prefer something more concrete really.

I'm starting to thing they have doubts over Sept. but know they can't say so because they'll be hit with loads of refund requests because people are holding them to a few days deadline and remembering the BS that other companies gave customers which has rightly made everyone very suspicious.

I wonder how many would fold and ask for a refund if nothing arrives from Sweden by end Sept? Would a few days be enough to tip the balance and trigger that?

[rizzman]

Millions of components arriving? Wasn't expecting that. I was expecting the number of rigs x the very few components they contain. Surely they ain't going to be assembling boards as opposed to them being delivered complete ?

I can imagine he was referring to the actual components which make up the boards/box/chips/etc. hell I wouldn't be surprised if just the capacitors that go into these rigs alone turned out to be at-least a million. I think its best not to read too far into that comment, however it is getting rather concerning considering we are down to a two week window and we have yet to see a single finished unit. I'm ok waiting till October 15th for all shipping to be done, not for them to start on October 15th. We will theoretically be lucky to break even at that point.

If this happens, KNC is going to have to create a amazing customer loyalty incentive if they ever expect people to return to them for business after losing money. But again, this is assuming the worst case scenario. Lets hope they have an ace up their sleeve.

[-Redacted-]

Jesus Christ people.  If there aren't any problems, do you have to invent them mentally just to make some up?  

I'm awfully tired of all the "I think this, and I think that, I think they can't ship on time, I think they can't build them on time, I don't think their chips will work, I think they're going to be late, I think they're not going to ship until mid October" BS, regardless of how many times Sam says things are on schedule and there are no perceived delays.    

Well here's one for you - Nobody gives a flying fuck about what problems you think they have, or when you think they are going to ship, because the vast majority of you obviously don't know shit from shinola.   Apparently no one here has ever used something called a project planner.  This is why they exist and keeping track of projects like this is what they are used for.  And when there are no delays on critical path items, then guess what, you get to say things are on schedule.  And unless you happen to be looking at their project plan, you don't know anything about anything having to do with KNC.

On October 1st you get to say they aren't going to ship in September and start calculating how late they're going to be, and not one second before.